Share Transfers Agreed/Cooling off period

[Aldo]

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They seem 99% certain the cva will be accepted. What is the feeling on here? Yes/No??

From the word dot I want them totally and utter wiped off the face of this earth. Is that an answer you were after dude??

[StevieC]

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They seem 99% certain the cva will be accepted. What is the feeling on here? Yes/No??

Yes.

I then expect everything to get tied up in legal wranglings .. then a delay .. then it to all fall to bits

[Sergey]

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They seem 99% certain the cva will be accepted. What is the feeling on here? Yes/No??

The 99% you refer aren't really the full 'Bob Dylan' and I'd take anything they assume as a personal schadenfreude.

They haven't a ****in' clue what's going on. They don't even know who paid for the wreaths at their annual WWI get-together, or indeed, if they were paid for at all.

Just enquire about who holds the UBIG shareholding - that'll get them scratching their heads and will no doubt bring on a new 15 page thread on Kickback, with little further facts to the matter other than a few folks boshing one out that all will be OK.

[Ozyhibby]

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The 99% you refer aren't really the full 'Bob Dylan' and I'd take anything they assume as a personal schadenfreude.

They haven't a ****in' clue what's going on. They don't even know who paid for the wreaths at their annual WWI get-together, or indeed, if they were paid for at all.

Just enquire about who holds the UBIG shareholding - that'll get them scratching their heads and will no doubt bring on a new 15 page thread on Kickback, with little further facts to the matter other than a few folks boshing one out that all will be OK.

Hope your right. At some point this week we should find out if the shares are frozen or not. Fingers and toes crossed. :-)

[EK_Hibs]

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The 99% you refer aren't really the full 'Bob Dylan' and I'd take anything they assume as a personal schadenfreude.

They haven't a ****in' clue what's going on. They don't even know who paid for the wreaths at their annual WWI get-together, or indeed, if they were paid for at all.

Just enquire about who holds the UBIG shareholding - that'll get them scratching their heads and will no doubt bring on a new 15 page thread on Kickback, with little further facts to the matter other than a few folks boshing one out that all will be OK.

Sergey, What do you see happening if it transpires that the UBIG shares aren't frozen and the Yams manage to achieve a CVA and wriggle out of this mess they created?

Would you be of the opinion of Bajillions in that the FoH business plan is a crock and the DDI's would fall away after more than a season in the Championship?

[Hermit Crab]

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The 99% you refer aren't really the full 'Bob Dylan' and I'd take anything they assume as a personal schadenfreude.

They haven't a ****in' clue what's going on. They don't even know who paid for the wreaths at their annual WWI get-together, or indeed, if they were paid for at all.

Just enquire about who holds the UBIG shareholding - that'll get them scratching their heads and will no doubt bring on a new 15 page thread on Kickback, with little further facts to the matter other than a few folks boshing one out that all will be OK.

Yo Sergey have you popped over to the pm forum on the survival thread? Interesting post from lucky this evening.

[Sergey]

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Yo Sergey have you popped over to the pm forum on the survival thread? Interesting post from lucky this evening.

Just posted, prior to reading this post.

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Sergey, What do you see happening if it transpires that the UBIG shares aren't frozen and the Yams manage to achieve a CVA and wriggle out of this mess they created?

Would you be of the opinion of Bajillions in that the FoH business plan is a crock and the DDI's would fall away after more than a season in the Championship?

Let's just wait to see where the circa 50% of Yams shares that 'were' held by UBIG actually are now.

No statement from anyone involved in the process even insinuates that they are still on the UBIG frozen asset books. The newly appointed insolvency practitioner has barely got his feet under the desk.

They could easily have been transferred to a Swiss holding company under Vlad's control for all I know

[Hermit Crab]

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Just posted, prior to reading this post.

Cool man. :)

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From the word dot I want them totally and utter wiped off the face of this earth. Is that an answer you were after dude??

Hehe just wanting opinions. :)

[greenginger]

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Let's just wait to see where the circa 50% of Yams shares that 'were' held by UBIG actually are now.

No statement from anyone involved in the process even insinuates that they are still on the UBIG frozen asset books. The newly appointed insolvency practitioner has barely got his feet under the desk.

They could easily have been transferred to a Swiss holding company under Vlad's control for all I know

http://www.hibs.net/newreply.php?do=newreply&p=3778460

I had a guess at that a few weeks back . So hope its true, BDO's messing with the creditor voting rules really took the wind out of my sails.

Hope your feeling better soon.

[CB_NO3]

Can someone explain why the Ukio administrators are only accepting 2.5m?

[Hermit Crab]

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Can someone explain why the Ukio administrators are only accepting 2.5m?

We don't know if it will be accepted yet.

[hibees 7062]

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I wholeheartedly concur, Roberto san - way too many LT legal roundabouts to navigate before they hit clear road, exacerbated by the fact that the Lithuanian prosecutors are actually doing what's best for the Lith's, Lat's & Est's.

They are facing a smooth ride for relegation, though.

Internal combustion of FoH is going to be 'box-office' viewing and watching poor Yam fritter his cash to a lost cause is going to be comical to the extreme.

I must learn to control my tumescence in my nether regions, as I'm rock hard at the moment!

[gorgie greens]

the only things that have kept them going has been our inept team rolling over and a win against the sheep,there is already a drop from the diddies and hopefully there will be no change in the CVA situation after this week and i can really see the wheels comming off big time,McKay and Ford deserting at there hour of need and with five weeks till little yams visit from santa,this could be our time,and what better start to the new year than a doing from TB's green and white team.
dont think we will hear of how many diddies cancel over the next few months but it does not look as rosey as it did a few weeks ago.

[greenginger]

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We don't know if it will be accepted yet.

I don't think BDO would be perverting the voting rules to allow UBIG and Ukio Bankas votes to count in the non-connected assessment unless they knew they were voting in favour of the CVA.

Its the only way an HMRC vote against could be defeated.

[Phil D. Rolls]

So, our best hope now is that FOH is actually a mad house, where no real decisions get made because too many people have to have their say? Just wait till its time for blazers and seats on the team bus to be allocated.

Seriously, how much sense can a group of fans bring to the table? Given Yam arrogance you have to wonder how long before they are fighting over whether to sign Rudi, or pay the electricity bill. Having gotten off with paying their debts once, what's to stop them going back to old ways?

[Ozyhibby]

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So, our best hope now is that FOH is actually a mad house, where no real decisions get made because too many people have to have their say? Just wait till its time for blazers and seats on the team bus to be allocated.

Seriously, how much sense can a group of fans bring to the table? Given Yam arrogance you have to wonder how long before they are fighting over whether to sign Rudi, or pay the electricity bill. Having gotten off with paying their debts once, what's to stop them going back to old ways?

I'm still holding out for liquidation.
They have already begun the arguments over how things should be run on kickback. It will be a small consolation if they are not liquidated to watch their attempts at running a business that has 30 straight years of losses behind it and needs significant infrastructure investment.
Let's hope they never get the chance.

[Phil D. Rolls]

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I'm still holding out for liquidation.
They have already begun the arguments over how things should be run on kickback. It will be a small consolation if they are not liquidated to watch their attempts at running a business that has 30 straight years of losses behind it and needs significant infrastructure investment.
Let's hope they never get the chance.

Once BDO scarper, then they will be at the mercy of the sharks. They're stupid enough to go down the Romanov road again, they appear to have learned nothing.

[Onceinawhile]

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I don't think BDO would be perverting the voting rules to allow UBIG and Ukio Bankas votes to count in the non-connected assessment unless they knew they were voting in favour of the CVA.

Its the only way an HMRC vote against could be defeated.

I must have missed this, I know people were banging on about the 50 percent non connected bit, but have bdo intimated that ubig and ukio aren't connected parties?

How can they justify that?

[Phil D. Rolls]

Ian Murray MP – Independent Chair
Bill Alves – representing Heart of Midlothian Shareholders Association (HMSA)
Jamie Bryant
Brian Cormack

Garry Halliday
Jane Lewis – representing Heart of Midlothian Supporters Trust (HoMST)

Dougie Masterton – representing Save Our Hearts (SOH)
Calum Robertson – representing Hearts Youth Development Committee (HYDC)
Henry Snedden – representing Federation of Hearts Supporter Clubs (FoHSC)

According to http://www.foundationofhearts.org/faqs/

This is what's left of the board of FOH. I wonder how many of these know anything about business, and how many are well meaning, but nothing more than bowling club committee types.

Got to cling to something. It's like the 2012 cup final, when we............(continues for 1902 pages).

Looking in on KB, there seems to be a lot of hope that things will be alright, if they keep saying them for long enough. Some guy says that Donald Ford has left as he is setting up a new business for himself. Got to admire Fordy's drive, still looking for new ventures at his age.

And Mackie had spat the dummy because Ian Murray is the new FOH poster boy. Move along, nothing to see here.

I'd be genuinely worried if the control of Hibs was to e handed over to a committee, consisting of representatives of three different supporters groups.

[greenginger]

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I must have missed this, I know people were banging on about the 50 percent non connected bit, but have bdo intimated that ubig and ukio aren't connected parties?

How can they justify that?

Its on the PM board. BDO state that because Ukio and UBIG are in administration they are no longer connected to Hearts. They say they have a " legal opinion" to that affect.

To me its a crock of *****, an admin. will act the same way as directors and certainly not in the interests of small creditors of a company they have nothing to do with.

I think BDO could give Duff and Phelps a red face with this one.

[Part/Time Supporter]

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Ian Murray MP – Independent Chair
Bill Alves – representing Heart of Midlothian Shareholders Association (HMSA)
Jamie Bryant
Brian Cormack

Garry Halliday
Jane Lewis – representing Heart of Midlothian Supporters Trust (HoMST)

Dougie Masterton – representing Save Our Hearts (SOH)
Calum Robertson – representing Hearts Youth Development Committee (HYDC)
Henry Snedden – representing Federation of Hearts Supporter Clubs (FoHSC)

According to http://www.foundatio...earts.org/faqs/

This is what's left of the board of FOH. I wonder how many of these know anything about business, and how many are well meaning, but nothing more than bowling club committee types.

I don't think Murray will stick around for long either, with the referendum and (if the no campaign wins) the general election coming up. He'll take the credit if and when the FOH takeover is agreed and then ride off into the sunset. No political gain in actually running a football club, as opposed to trying to save it.

My bet is that the CVA will be approved, but the administration will drag on for a bit longer than the minimum period (four weeks) due to legal issues with securing the shares.

[Jack]

I'd imagine other than Ford and Mackie most of the yams wouldn't have heard of the rest this time a year or so ago. Huge loss in terms of credibility and identity and as already been said their experience in running anything bigger than a cake stall at a jamboree would call into question their future.

[brog]

Pleased to see that 2 x 707 people have now voted in the poll! Mind you, I think if we could all vote again the % for extinction would be significantly higher!

[Crazyhorse]

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The 99% you refer aren't really the full 'Bob Dylan' and I'd take anything they assume as a personal schadenfreude.

They haven't a ****in' clue what's going on. They don't even know who paid for the wreaths at their annual WWI get-together, or indeed, if they were paid for at all.

Just enquire about who holds the UBIG shareholding - that'll get them scratching their heads and will no doubt bring on a new 15 page thread on Kickback, with little further facts to the matter other than a few folks boshing one out that all will be OK.

To be fair even Bob Dylan has been only been the full 'Bob Dylan' occasionally since 1967.

[Phil D. Rolls]

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To be fair even Bob Dylan has been only been the full 'Bob Dylan' occasionally since 1967.

You've got a nerve to say that!

[Onceinawhile]

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Its on the PM board. BDO state that because Ukio and UBIG are in administration they are no longer connected to Hearts. They say they have a " legal opinion" to that affect.

To me its a crock of *****, an admin. will act the same way as directors and certainly not in the interests of small creditors of a company they have nothing to do with.

I think BDO could give Duff and Phelps a red face with this one.

That's ridiculous.

BDO have done well for HMFC though on that count though. Unfortunately.

[Baker9]

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You've got a nerve to say that!

And no helping hand to lend, probably.

[Phil MaGlass]

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Pleased to see that 2 x 707 people have now voted in the poll! Mind you, I think if we could all vote again the % for extinction would be significantly higher!

Was thinking the same not long ago, maybe a new poll is called for?

[Treadstone]

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I don't think Murray will stick around for long either, with the referendum and (if the no campaign wins) the general election coming up. He'll take the credit if and when the FOH takeover is agreed and then ride off into the sunset. No political gain in actually running a football club, as opposed to trying to save it.

'lucky' on the PM board alluded to such a situation on Sunday afternoon.

[Liberal Hibby]

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Its on the PM board. BDO state that because Ukio and UBIG are in administration they are no longer connected to Hearts. They say they have a " legal opinion" to that affect.

To me its a crock of *****, an admin. will act the same way as directors and certainly not in the interests of small creditors of a company they have nothing to do with.

I think BDO could give Duff and Phelps a red face with this one.

If that's the case then surely HMRC will challenge it. And I'd bet their lawyers are bigger and better than BDO's.