Share Transfers Agreed/Cooling off period

[Leithenhibby]

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Neither own it.

HMFC (IA) own it, subject to a security held by UKIO.

Cheers.

And can you confirm that the shares are "worthless"

[Thecat23]

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I'm just happy I didn't pay a tenner to find this out. champagne and cigars I've been hearing, Deary dear lets face it people no one on this board has a clue what's going on, it's all just guess work.

P.s I've got 5 million pounds waiting for one lucky member just pm me your bank details sort code expiry date etc and the winner will be announced in the next week

The £10 folk give is for the running of the site and added bonus of info before it becomes public knowledge. Some people do know more than others so that's also wrong.

You are coming across a bit of an arse to be honest. Unless you are at the wind up and haven't added a smiley face. If so I take this back.

[CropleyWasGod]

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Cheers.

And can you confirm that the shares are "worthless"

The shares are worth what FOH are prepared to pay for them.

[Leithenhibby]

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The shares are worth what FOH are prepared to pay for them.

Can anybody else step in at this stage and make it a bidding war!

UBIG could play hard ball though...........

[KdyHby]

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UBIG are now saying "if you want us to vote for this then we want money for our shares"
(will that be about the same amount, it would seem thats why the begging bowl is out again)

will they be able to cobble another £2.5m together by February ?

Aren't UBIG's shares frozen?

[jacomo]

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Neither own it.

HMFC (IA) own it, subject to a security held by UKIO.

Ok, sure. But anyhow it's UKIO that would receive any money from FoH for the PBS, not UBIG.

[Weststandwanab]

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The shares are worth what FOH are prepared to pay for them.

Or what A. N. Other would pay for them!

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Aren't UBIG's shares frozen?

They are currently.

[CropleyWasGod]

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Ok, sure. But anyhow it's UKIO that would receive any money from FoH for the PBS, not UBIG.

Yup.

[Gingertosser]

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Aren't UBIG's shares frozen?

Until February..... at the earliest

[Leithenhibby]

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Until February..... at the earliest

That's a nice, "positive"

[CropleyWasGod]

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Until February..... at the earliest

Not necessarily.

It's not in UBIG's power to unfreeze the shares. They were frozen by the Lithuanian Courts.

[Leithenhibby]

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Not necessarily.

It's not in UBIG's power to unfreeze the shares. They were frozen by the Lithuanian Courts.

Please say it could be longer.
This is got to be the highest hurdle they have to jump next year?

[TonyStokeprano]

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The £10 folk give is for the running of the site and added bonus of info before it becomes public knowledge. Some people do know more than others so that's also wrong.

You are coming across a bit of an arse to be honest. Unless you are at the wind up and haven't added a smiley face. If so I take this back.

Yeah I'm at the wind up, I don't have 5 million pound for one lucky member.

[Weststandwanab]

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Not necessarily.

It's not in UBIG's power to unfreeze the shares. They were frozen by the Lithuanian Courts.

Absolutely spot on. If they drag their feet BDO may simply run out of money and we all know what would happen then......

[CropleyWasGod]

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Please say it could be longer.
This is got to be the highest hurdle they have to jump next year?

It could be.

It could happen on Monday.

It is almost outwith their control.

[Islington Hibs]

I don't know what is going to happen but it seems pretty clear they are going to get out of this early next year. The hurdles are being slowly but surely cleared. If so they have got away with murder and they are very lucky that the principal that 'you own a pound and you have a probelm you own £30m and Lithuania has problem.'

There are many possible outcomes from this. The most likely (but not certain) is they are relegated. Not certain because, like it or not Hearts have a divine self belief/ delusion (we could learn a lesson) and a couple of wins and they will really put pressure on Killie. Further Killie could go into admin themselves. So hearts relegation is likely but far from a certainty in my view.

If Hearts go down they will probably come straight back up (via the play offs) but with little cash. With FoH running them there is likely to acrimony, poor leadership and mediocrity. Fan groups sound nice but committees don't work in my view, especially undercapitalised ones) However it is likely FoH will flounder as I doubt the direct debits will flow through. At that point it is very possible some 'businessman' will seize the opportunity and buy them for a song (however badly FoH do they will only have very modest millions of debt by then with the rest written off). Like it or not they remain a decent franchise and a new owner could be anyone from some rich Saudi princeling to some third rate car salesman in Linlithgow. We just don't know.

What is for sure unless they can find their princeling there purchase 'success' is over, although not their arrogance I suspect.

[Thecat23]

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Yeah I'm at the wind up, I don't have 5 million pound for one lucky member.

That did make me smile!

[Thecat23]

I couldn't care if they survive or not now. As if they do they really will be piss poor and the fair weather fans will disappear. Hearts to me have already died in the shape and form we have grown to know.

They will be bottom 6 no doubt if they do come right back up. To me it could be a lot funnier watching them take a few doings and struggling than going pop altogether.

[Hermit Crab]

From KB. Words fail me.

Ripping off charities with no recrimination.

:verysmug:

We should start charging marie curie to stand in the enclosures from now on aswell.

60/40 split plz.

[Hibs7]

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From KB. Words fail me.

Ripping off charities with no recrimination.

:verysmug:

We should start charging marie curie to stand in the enclosures from now on aswell.

60/40 split plz.

Just the sort of thing I expect from a bunch of inbred Neanderthals ... I hope they rot in hell !

[GlenrothesHibee]

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From KB. Words fail me.

Ripping off charities with no recrimination.

:verysmug:

We should start charging marie curie to stand in the enclosures from now on aswell.

60/40 split plz.

Thats why we love them

[Pretty Boy]

Tbh i lost interest in this whole situation quite a while ago.

Getting any kind of credible info has been nigh on on impossible. That's no disrespect to guys like CWG and Caversham etc, they done a fantastic job of explaining complex accounting laws and procedures to dummies like me but pretty much everything that was going on in Lithuania was impossible to predict and it looks like the admins across there just want rid of the Hearts 'problem' asap.

Let Hearts fans have their wee bit of fun. They won't be out of admin for a while yet and will have to learn what it's like to deal with the realities of the financial climate in Scottish football these days. Too many of the younger generation of Hearts fans have never known them live within their means and they'll get bored of shelling out cash to watch a team that's a true reflection of their situation soon enough. I hope that many of the older generation of Hearts fans are a bit more humble about this situation, they should be embarrassed really, ripping off charities and local businesses isn't big or clever. I doubt it though. The Mercer, Robinson and Romanov years seems to have warped them into a shower of arrogant, ignorant and shameless erseholes.

Anyway what happens will happen. I'm a Hibs supporter and i'll be concentrating my energies on backing Hibs. Let those ***** worry about and deal with their own mess.

[PapillonVert]

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Absolutely spot on. If they drag their feet BDO may simply run out of money and we all know what would happen then......

Presumably BDO are also dependent on the CVA going through in February (and the £2.5 million being there) before they can take their fees.

Anyone know if they have been paid anything at all for their efforts so far?

[Joy Zipper]

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'you owe a pound and you have a probelm you owe £30m and Lithuania has problem.'

Sorted that for you. There is a (not too) subtle difference.

[HibbySpurs]

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Tbh i lost interest in this whole situation quite a while ago.

Getting any kind of credible info has been nigh on on impossible. That's no disrespect to guys like CWG and Caversham etc, they done a fantastic job of explaining complex accounting laws and procedures to dummies like me but pretty much everything that was going on in Lithuania was impossible to predict and it looks like the admins across there just want rid of the Hearts 'problem' asap.

Let Hearts fans have their wee bit of fun. They won't be out of admin for a while yet and will have to learn what it's like to deal with the realities of the financial climate in Scottish football these days. Too many of the younger generation of Hearts fans have never known them live within their means and they'll get bored of shelling out cash to watch a team that's a true reflection of their situation soon enough. I hope that many of the older generation of Hearts fans are a bit more humble about this situation, they should be embarrassed really, ripping off charities and local businesses isn't big or clever. I doubt it though. The Mercer, Robinson and Romanov years seems to have warped them into a shower of arrogant, ignorant and shameless erseholes.

Anyway what happens will happen. I'm a Hibs supporter and i'll be concentrating my energies on backing Hibs. Let those ***** worry about and deal with their own mess.

[oneone73]

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Tbh i lost interest in this whole situation quite a while ago.

Getting any kind of credible info has been nigh on on impossible. That's no disrespect to guys like CWG and Caversham etc, they done a fantastic job of explaining complex accounting laws and procedures to dummies like me but pretty much everything that was going on in Lithuania was impossible to predict and it looks like the admins across there just want rid of the Hearts 'problem' asap.

Let Hearts fans have their wee bit of fun. They won't be out of admin for a while yet and will have to learn what it's like to deal with the realities of the financial climate in Scottish football these days. Too many of the younger generation of Hearts fans have never known them live within their means and they'll get bored of shelling out cash to watch a team that's a true reflection of their situation soon enough. I hope that many of the older generation of Hearts fans are a bit more humble about this situation, they should be embarrassed really, ripping off charities and local businesses isn't big or clever. I doubt it though. The Mercer, Robinson and Romanov years seems to have warped them into a shower of arrogant, ignorant and shameless erseholes.

Anyway what happens will happen. I'm a Hibs supporter and i'll be concentrating my energies on backing Hibs. Let those ***** worry about and deal with their own mess.

Well said

[TonyStokeprano]

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A troll because I replied to someone calling me an arse ?? No bother mate. People are allowed an opinion, my opinion is that some posters not all like to exaggerate how much inside info they have. If that offends anyone feel free to ban me.

[Benny Brazil]

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I'm just happy I didn't pay a tenner to find this out. champagne and cigars I've been hearing, Deary dear lets face it people no one on this board has a clue what's going on, it's all just guess work.

P.s I've got 5 million pounds waiting for one lucky member just pm me your bank details sort code expiry date etc and the winner will be announced in the next week

So your happy to use this site but not happy to help pay for its upkeep? Strange.

[SteveHFC]

CVA conditionally agreed ;-)

[Ozyhibby]

2nd meetings taking a while?