Share Transfers Agreed/Cooling off period

[cabbageandribs1875]

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Im sure he'll get the same reply Jackson got when he requested a meeting. Silence.

good, but all the same, she needs fore-warned just in case :)

[steakbake]

Is Shoeless Bob none other than our Sidney?

[GreenLake]

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I'd fancy Michael Jackson's chances better regarding getting a meeting with the Lithuanian authorities.

Foulkes has one thing in common with Michael Jackson. They both have had a lot of number ones. Although Foulke's were in his breeks.

[johnrebus]

Am sick and tired of the lack respect and downright antipathy shown towards Lord Foulkes.

This man has worked tirelessly to climb the greasy pole of political ambition, and fully deserves to s(h)it in the House of Lords.

[BH Hibs]

Thought these shares were still frozen and likely to remain so for some time

[green glory]

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Am sick and tired of the lack respect and downright antipathy shown towards Lord Foulkes. This man has worked tirelessly to climb the greasy pole of political ambition, and fully deserves to s(h)it in the House of Lords.

A Yes vote next year equals sacking George Foulkes and the rest of the House of Lords Bisto express.

[Dashing Bob S]

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A Yes vote next year equals sacking George Foulkes and the rest of the House of Lords Bisto express.

I'm convinced now.

[Moon unit]

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Am sick and tired of the lack respect and downright antipathy shown towards Lord Foulkes.

This man has worked tirelessly to climb the greasy pole of political ambition, and fully deserves to s(h)it in the House of Lords.

The Minister for Pishy Brecks!..

[EK_Hibs]

So is liquidation on the cards or not? Anyone?

[joe breezy]

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So is liquidation on the cards or not? Anyone?

Just enjoy the ongoing circus of uncertainty and shambles...

[Wee Scottie Dug]

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Thought these shares were still frozen and likely to remain so for some time

According to the Yam-bams that's a Hibs.net myth.

By the law of averages they have to get something right.

I guess we will know soon enough now that there appears to be a proper bid in for them

[#FromTheCapital]

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So is liquidation on the cards or not? Anyone?

Its still a possibility the same as any business in administration, but a lot less likely than it previously looked.

They'll more than likely come out of admin, what state they're in remains to be seen.

[GreenLake]

It would be nice to have them unfrozen just in time for Bob to pick them up for a song and throw an enormous spanner in the works.

[Sergey]

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Thought these shares were still frozen and likely to remain so for some time

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According to the Yam-bams that's a Hibs.net myth.

By the law of averages they have to get something right.

I guess we will know soon enough now that there appears to be a proper bid in for them

They're still frozen. Don't take my word for it though, take Bloomberg's

http://www.bloomberg.com/news/2013-0...-s-assets.html

[Wee Scottie Dug]

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They're still frozen. Don't take my word for it though, take Bloomberg's

http://www.bloomberg.com/news/2013-0...-s-assets.html

Well aware of bloombergs article from April, it's not my opinion on whether they are still frozen or not that I am posting it's the bampots from over the road that think they were unfrozen on the appointment of a liquidator (BAP) last month. I'm sure we will find out soon enough whether or not the transfer of shares to FOH or Bob or anybody else goes ahead in the next couple of months!

Can't you get your girl in lithland to find out the current state (temperature) of them? That would clear up the polar opposite views surely

[Dashing Bob S]

My hunch (and it's just that, but based on some reasonable suppositions) is that the worse is yet to come for Hearts.

The mood of despondency seems to originate from the downcast feeling generated by Brian Jackson. This tells me that he's perhaps had some indication that the UBIG shares won't be unfrozen for some time. A private company's assets, including its shares (even if they are worthless) are never frozen for no reason; the investigation into the Romanov empire is likely to be an ongoing and complex one, involving several subsidiary companies, including Hearts themselves.

With that in mind, Lithuanian authorities, and the UBIG admins, are likely to regard the bleating from the sidelines about 'unfreezing the shares quickly', by a football club in Edinburgh, as singularly unhelpful. They may even go further; given that Hearts are part of the group of companies that are being investigated, their urge to 'resolve' this might even be construed as trying to prevent any future 'discussions' with Hearts officials who were officers of the club during the Romanov era, from taking place.

Bob Jamieson hasn't helped this; his intervention has possibly undermined BDO's credibility and the FOH bid, if indeed, the Lithuania authorities and UBIG are even looking at this issue at all right now. If they are, they might be mindful of the extremely dubious relationship Sevco had with its administrators, and therefore very cagey about BDO's role in this process.

We don't know what is going on behind closed doors in Lithuania. Just like FOH, BDO, Barry Anderson, George Foulkes and Kickback, we can only guess.

This too, is pure conjecture. But it's just as grounded, in my view, as the stuff we've unremittingly seen coming from the other side.

[Sergey]

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Well aware of bloombergs article from April, it's not my opinion on whether they are still frozen or not that I am posting it's the bampots from over the road that think they were unfrozen on the appointment of a liquidator (BAP) last month. I'm sure we will find out soon enough whether or not the transfer of shares to FOH or Bob or anybody else goes ahead in the next couple of months!

Can't you get your girl in lithland to find out the current state (temperature) of them? That would clear up the polar opposite views surely

Everything that 'was' part of UBIG is now under control of FCIS (Lithuanian Financial Crime Investigation Service) and will remain so until further notice as they are held under similar circumstances to our Proceeds of Crime Act.

This isn't 'new news' - I've been stating this for months

[Dashing Bob S]

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Everything that 'was' part of UBIG is now under control of FCIS (Lithuanian Financial Crime Investigation Service) and will remain so until further notice as they are held under similar circumstances to our Proceeds of Crime Act.

This isn't 'new news' - I've been stating this for months

Are you aware of a statutory time limit that the FCIS can hold or 'freeze' shares in the course of their investigations?

[Sergey]

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Are you aware of a statutory time limit that the FCIS can hold or 'freeze' shares in the course of their investigations?

At this very moment in time, I can't give a definitive answer, but I can easily find out.

In the UK, I think assets/proceeds of crime become available to the state after criminal prosecutions are concluded. If the law is the same in LT, and with a no-show from Vlad, then Shoe-String Bob and FoH are pissing into the wind.

[Wee Scottie Dug]

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Everything that 'was' part of UBIG is now under control of FCIS (Lithuanian Financial Crime Investigation Service) and will remain so until further notice as they are held under similar circumstances to our Proceeds of Crime Act.

This isn't 'new news' - I've been stating this for months

Hadn't noticed this

Sounds like good news to me and the Realization of this early next year when no-one can get their grubby hands on them will be the killer blow and implosion will surely follow which will be as entertaining as it comes .......

[Mikey]

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Well aware of bloombergs article from April, it's not my opinion on whether they are still frozen or not that I am posting it's the bampots from over the road that think they were unfrozen on the appointment of a liquidator (BAP) last month. I'm sure we will find out soon enough whether or not the transfer of shares to FOH or Bob or anybody else goes ahead in the next couple of months!

Can't you get your girl in lithland to find out the current state (temperature) of them? That would clear up the polar opposite views surely

Or even better, get them to prove that they've been unfrozen

They won't be able to. For a reason.................

[Spike Mandela]

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At this very moment in time, I can't give a definitive answer, but I can easily find out.

In the UK, I think assets/proceeds of crime become available to the state after criminal prosecutions are concluded. If the law is the same in LT, and with a no-show from Vlad, then Shoe-String Bob and FoH are pissing into the wind.

If this is true surely BDO and any preliminary due diligence done by FoH or Bob will have flagged this up so why continue with the sham?

[BH Hibs]

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Everything that 'was' part of UBIG is now under control of FCIS (Lithuanian Financial Crime Investigation Service) and will remain so until further notice as they are held under similar circumstances to our Proceeds of Crime Act.

This isn't 'new news' - I've been stating this for months

Cheers. My thinking then would be they wouldn't suddenly be unfrozen for the sake of 500k if there is a multi million pound fraud being investigated. Just my thoughts

[Ronniekirk]

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Will anything be done this time !? I doubt it.

They are spiraling doon the lavvy !

Does that mean with their new SFA Payment they are suddenly feeling Flush Toilet Humour

[Sergey]

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If this is true surely BDO and any preliminary due diligence done by FoH or Bob will have flagged this up so why continue with the sham?

BDO have known since Day 1 that the UBIG shares were a stumbling block. BDO were involved in the Snoras/Portsmouth debacle which has been (and still is) under close scrutiny by the Lithuanian authorities. The Portsmouth assets were manoeuvred out with the Snoras portfolio which has caused untold political ramifications. The new political incumbents won't make the same mistake and will play this by the letter of the (newly drawn-up) law.

FoH - BDO - Shoestring et al are hoping for a miracle.

[greenginger]

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BDO have known since Day 1 that the UBIG shares were a stumbling block. BDO were involved in the Snoras/Portsmouth debacle which has been (and still is) under close scrutiny by the Lithuanian authorities. The Portsmouth assets were manoeuvred out with the Snoras portfolio which has caused untold political ramifications. The new political incumbents won't make the same mistake and will play this by the letter of the (newly drawn-up) law.

FoH - BDO - Shoestring et al are hoping for a miracle.

Sounds good, but why was the Ukio admin. allowing emotion to blur his decision making last Friday.

[brog]

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If this is true surely BDO and any preliminary due diligence done by FoH or Bob will have flagged this up so why continue with the sham?

Its not a sham. I'm no fan of BDO but they have to go forward with the process as far as possible until they hit this roadblock. I'm sure they were hoping the roadblock would have been cleared by the time they got to this stage but now they sit & wait. The shares could be unfrozen tomorrow, or it could be as Sergey says some way down the road. Sit back & enjoy the ride, or in this case the CVA vehicle in park!

[MurrayfieldHibs]

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A Yes vote next year equals sacking George Foulkes and the rest of the House of Lords Bisto express.

[Fife-Hibee]

Watching these bast...s die slowly is fu..ing magic! So much better than a quick death. Suck it up ya dirty stinking robbing f.ckers !!

[HUTCHYHIBBY]

In response to Bobs post about not knowing what goes on behind closed doors in Lithland, I've been a handful of times and I've always been fully satisfied with the final outcome! Long may this continue.