Share Transfers Agreed/Cooling off period

[Aldo]

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CVA conditionally agreed ;-)

Stevie I think that was always going to be the case... I wanted them wiped out but heay ho they will be in Admin until Feb. remember what BDO said as well about them only have enough money until March.

They are rooked with no money and are in Admin. There is still the 30 day cooling off period. A lot can happen in that time.

O and for all you smug yams looking in enjoy your new found saviours for the time being..., it won't always be like this.

Remember this - you will always be the club with no shame.... Youve ripped into the heart if your community, stole from your own and robbed a charity (use) of their monies. Enjoy

[Heisenberg]

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2nd meetings taking a while?

Jamie Borthwick ‏@jamiekborthwick 51s Members agree to the CVA with 100% in favour. Second stage of Hearts exiting administration is complete #heartscva

[greenginger]

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Jamie Borthwick ‏@jamiekborthwick 51s Members agree to the CVA with 100% in favour. Second stage of Hearts exiting administration is complete #heartscva

I take it that would be 100% of those voting not every share holder.

[Zondervan]

Haha!

So all those with so-called inside information from Lithuania were just kidding us on.

Well done lads!!

[TonyStokeprano]

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

to be fair i rarely use the site and dont have enough posts to become a private member anyway. Its not the money im talking about its a tounge in cheek dig at peoples inside info or lack of it. Anything else pal ?

[SmashinGlass]

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Jamie Borthwick ‏@jamiekborthwick 51s Members agree to the CVA with 100% in favour. Second stage of Hearts exiting administration is complete #heartscva

Interesting wording used there. Second stage complete, assumes first stage is a formality. The reality is anything but.....

[Craig_in_Prague]

UBIG abstain again, with all other shareholders in favour. 30 day cool off period now begins. #heartscva

[SmashinGlass]

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Haha!

So all those with so-called inside information from Lithuania were just kidding us on.

Well done lads!!

This is far from over. In fact the way I see it, it's only just begun...

[bighairyfaeleith]

if ubig abstain then they haven't agreed to sell the shares, how does this play out?

[Aldo]

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to be fair i rarely use the site and dont have enough posts to become a private member anyway. Its not the money im talking about its a tounge in cheek dig at peoples inside info or lack of it. Anything else pal ?

Well if your no happy with what you read on here don't bother. Go and read elsewhere??

No wonder folk don't want to post stuff cos folk like yourself come along and diss them at every opportunity.

No info is 100%.

I really do wonder sometimes I really do.

[QMU-1875]

They can now sign players in January? Hahaha this is unbelievable!

[Craig_in_Prague]

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Stage 5 is completing deal in required timescale.
Retweeted by Foundation of Hearts
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Heart of Midlothian ‏@JamTarts 8m
Stage 4 is sale and purchase agreement
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Heart of Midlothian ‏@JamTarts 9m
Stage 3 is securing shares from UBIG.
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Heart of Midlothian ‏@JamTarts 9m
Stage 2 is members meeting today. 50% of votes in favour requires.
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Foundation of Hearts ‏@The_FoH 9m
CVA - first stage passed at 87% of vote.
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Heart of Midlothian ‏@JamTarts 10m
BREAKING: 87% of creditors vote in favour of CVA.
Retweeted by Foundation of Hearts

please god, let something go wrong here-on in !

FFS :(

[JimBHibees]

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They can now sign players in January? Hahaha this is unbelievable!

No they cant they are still in administration and will be until Feb 14.

[TonyStokeprano]

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Well if your no happy with what you read on here don't bother. Go and read elsewhere??

No wonder folk don't want to post stuff cos folk like yourself come along and diss them at every opportunity.

No info is 100%.

I really do wonder sometimes I really do.

Why would folk be bothered about what i think about their information, I'm a nickname on a computer screen if they're scared of that they should man up a bit, i really do wonder sometimes i really do.

[bighairyfaeleith]

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They can now sign players in January? Hahaha this is unbelievable!

no they can't, they are still in admin and unlikely to be out in the next few weeks

[flash]

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They can now sign players in January? Hahaha this is unbelievable!

It's unbelievable because it isn't true. The hysteria on here is embarrassing.

[Aldo]

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Why would folk be bothered about what i think about their information, I'm a nickname on a computer screen if they're scared of that they should man up a bit, i really do wonder sometimes i really do.

But childish there with the wee repeat thing is it not :-D

[GlasgowHibee]

I'm still very confused by all of this - share issue in particular. Looking for a quick answer, now that the CVA has been agreed, does this mean it's set in stone that they'll be out of administration and also is liquidation only a wish now?

[DaveF]

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But childish there with the wee repeat thing is it not :-D

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Why would folk be bothered about what i think about their information, I'm a nickname on a computer screen if they're scared of that they should man up a bit, i really do wonder sometimes i really do.

We did all this last week, so let's concentrate on the mass hysteria of the CVA going through. Please

[SteveHFC]

SteveHFC, since you're obviously reading this thread, I want you to know that you are a fool.

From kickback

[IFONLY]

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They can now sign players in January? Hahaha this is unbelievable!

what part of transfer embargo don't you understand no matter what they cant sign players until Feb 2014

[QMU-1875]

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no they can't, they are still in admin and unlikely to be out in the next few weeks

Says on twitter cooling off period has begun

[Aldo]

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We did all this last week, so let's concentrate on the mass hysteria of the CVA going through. Please

Seeing you said please (I'll think about it??) :-D

[Craig_in_Prague]

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I'm still very confused by all of this - share issue in particular. Looking for a quick answer, now that the CVA has been agreed, does this mean it's set in stone that they'll be out of administration and also is liquidation only a wish now?

I know theres a lot of posts going on, but the post earlier on the stages is quite clear no?

Stage 5 is completing deal in required timescale.
Stage 4 is sale and purchase agreement
Stage 3 is securing shares from UBIG.
Stage 2: 100% pass
Stage 1: CVA - first stage passed at 87% of vote.

So, until UBIG have their own creditors meeting (late January), we probably won't know what will happen with the shares until then I guess?

Jackson: "This is a good result but we have some way to go before the deal is concluded"

[weonlywon6-2]

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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.

I hear what you are saying but i dont think any hearts fan gives a toss what has happened.In the big scheme of things they have got of lightly and even if they do get relegated they will get decent money in through season tickets to buy players

[Gus Fring]

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if ubig abstain then they haven't agreed to sell the shares, how does this play out?

it is possible UBIG's admin doesn't feel he has enough information to vote either way. They can't do anything just now anyway

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They can now sign players in January? Hahaha this is unbelievable!

They aren't out of admin yet so no, they can't. The ban on signing players in January is a fixed ban, it will not be lifted. The earliest Hearts can sign players is February 1st and that is only if they are out of Admin by then which is still unlikely despite today's events.

All thats happened today is their CVA has been agreed.
No shares have been transferred
FOH don't own hearts yet
Hearts are still in administration
They can't sign players
They are still on -3 points.

The thing to keep an eye on now is UBIG. Why did they abstain from both votes today? Are they up to something? Are they just not in a position to do so? UBIG are Hearts majority shareholder, the ball is in their court now. UKIO have given up there leverage.

[Leithenhibby]

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UBIG abstain again, with all other shareholders in favour. 30 day cool off period now begins. #heartscva

Wrong, ubig meeting scheduled for the end of Jan 2014, IF, it takes place and FoH have the money, let alone the option to buy the shares (still frozen) then the 30 days kick in...

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They can now sign players in January? Hahaha this is unbelievable!

No they can't.........

[Craig_in_Prague]

Adomonis of Ukio admins: "I should admit the fact that our decision has a substantial part of emotion in it" #heartscva

WTF?

Pathetic.

[Craig_in_Prague]

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Wrong, ubig meeting scheduled for the end of Jan 2014, IF, it takes place and FoH have the money, let alone the option to buy the shares (still frozen) then the 30 days kick in...



No they can't.........

I was only copying what STV reported.

[stevejordan]

Can someone who understands what all this means please let us know i for one dont have a clue what is going on.