Share Transfers Agreed/Cooling off period

[HUTCHYHIBBY]

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So my good friend and "respected" poster on Brokeback has just told me BDO will announce in the next couple of days that a deal has been reached with the Lith's. Admin will be exited in 4-6 weeks.

Specifically asked for Sergey's view on this (they don't like you over there!).

Did he explain to you how they would go about taking possession of the frozen shares?

Wishful thinking on the Yammish ones part methinks.

[CropleyWasGod]

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So my good friend and "respected" poster on Brokeback has just told me BDO will announce in the next couple of days that a deal has been reached with the Lith's. Admin will be exited in 4-6 weeks.

Specifically asked for Sergey's view on this (they don't like you over there!).

"The Liths" being.... the administrators of UKIO
the administrators of UBIG
the Lithuanian Courts
the Lithuanians who applied to have the UBIG assets frozen in the first place.

That's some going.

[Mikey]

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So my good friend and "respected" poster on Brokeback has just told me BDO will announce in the next couple of days that a deal has been reached with the Lith's. Admin will be exited in 4-6 weeks.

Specifically asked for Sergey's view on this (they don't like you over there!).

He gets his info direct from David Southern and David Southern is a bare faced liar.

[truehibernian]

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He gets his info direct from David Southern and David Southern is a bare faced liar.

....and Mikey, don't forget the Rocky training regime theme tune once it's announced......you can almost here Eye of the Tiger slowly building up at Riccarton and Lockey and Broony and the boys singing...... 'Rising up, back on the street...took my time, took my chances............'

......then of course getting pumped up at Ross County and come crashing back to reality once more

[Zondervan]

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"The Liths" being.... the administrators of UKIO
the administrators of UBIG
the Lithuanian Courts
the Lithuanians who applied to have the UBIG assets frozen in the first place.

That's some going.

I couldn't be bothered typing all of that but, yeh, all of them!

[grunt]

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"The Liths" being....
the administrators of UBIG

Are these the ones who haven't held a creditors committee meeting yet and who therefore can't make any decisions?

[Wee Scottie Dug]

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So my good friend and "respected" poster on Brokeback has just told me BDO will announce in the next couple of days that a deal has been reached with the Lith's. Admin will be exited in 4-6 weeks.

Specifically asked for Sergey's view on this (they don't like you over there!).

Al, is this 'respected' poster the blethering eejit that works at PH and plays in the same footie games as me on a Tue/Thu - I sometimes have to endure his stories if we are in the same car - I think his accuracy is around 10% (and thats being generous!!) ......

[Gus Fring]

Being a "respected poster" on Kickback is like being the "least smelly" tramp.

[Sergey]

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So my good friend and "respected" poster on Brokeback has just told me BDO will announce in the next couple of days that a deal has been reached with the Lith's. Admin will be exited in 4-6 weeks.

Specifically asked for Sergey's view on this (they don't like you over there!).

For a deal to be reached then the courts would have to ratify said deal. Given that neither Ukio nor UBIG have the infrastructure in place and the shares are currently frozen, then any deal is merely wishful thinking.

If a deal was on the table then Banderson/FoH/Self-Sufficient Southern would be all over it like a rash.

I really wouldn't worry yourself about their mendacious ramblings. I'd wait until they announce a court date before even giving it one iota of credibility.

[Coco Bryce]

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Being a "respected poster" on Kickback is like being the "least smelly" tramp.

[Onion]

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So my good friend and "respected" poster on Brokeback has just told me BDO will announce in the next couple of days that a deal has been reached with the Lith's. Admin will be exited in 4-6 weeks.

Specifically asked for Sergey's view on this (they don't like you over there!).

PR is one of BDO's most valuable tools in managing the Admin process, and here it is in full flow. Costs them absolutely NOTHING to announce that, even if totally made up. Gets people off their backs, ties in with their "deadline" for money running out, and buys them time to work up excuses.

[The_Todd]

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So my good friend and "respected" poster on Brokeback has just told me BDO will announce in the next couple of days that a deal has been reached with the Lith's. Admin will be exited in 4-6 weeks.

Specifically asked for Sergey's view on this (they don't like you over there!).

Such a thing exists?

[Cabbage East]

http://www.bbc.co.uk/news/magazine-25776836

[Zondervan]

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Al, is this 'respected' poster the blethering eejit that works at PH and plays in the same footie games as me on a Tue/Thu - I sometimes have to endure his stories if we are in the same car - I think his accuracy is around 10% (and thats being generous!!) ......

Indeed it is.

Just to caveat, I never said I believed what he said!

[SmashinGlass]

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http://www.bbc.co.uk/news/magazine-25776836

Interesting to note that they don't debunk the yams having single handedly won the war. Must be true then....

[Mikey]

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PR is one of BDO's most valuable tools in managing the Admin process, and here it is in full flow. Costs them absolutely NOTHING to announce that, even if totally made up. Gets people off their backs, ties in with their "deadline" for money running out, and buys them time to work up excuses.

I wonder if we'll see season ticket going on sale this week!

[Wee Scottie Dug]

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Indeed it is.

Just to caveat, I never said I believed what he said!

Ah, we can relax then. Think I'll spend most of the time tomorrow winding him up as we are in opposite sides. Think I'll start the gambit with a couple of ridiculous ones about the 'biddies' pulling out of the deal and that I heard it through some very reliable IT sources in AEGON that I have. It'll put him off his game and he'll spend the rest of the afternoon trying to disprove it!!

[Gus Fring]

Some quickies from inside Tynecastle

There's been no talk about admin finishing any time soon. The opposite in fact, people are worried they'll still be in it for months.

Hartleys name hasn't been mentioned at all. It would be a shock to those I speak to if he was to take a position at Hearts.

Bryan Jackson is not happy about letting Billy Brown stay on. 'Seething' apparently (no even joking).

[Sergey]

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Some quickies from inside Tynecastle

There's been no talk about admin finishing any time soon. The opposite in fact, people are worried they'll still be in it for months.

That ties in with what I've been told from Lithuania. Nothing is (or can) happen any time soon.

Expect a story in the press in the coming days to this effect

[AltheHibby]

Even a c**p Monday like this can always be made better by Bajillions and Sergey. Cheers chaps.

[Just Alf]

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Some quickies from inside Tynecastle

There's been no talk about admin finishing any time soon. The opposite in fact, people are worried they'll still be in it for months.

Hartleys name hasn't been mentioned at all. It would be a shock to those I speak to if he was to take a position at Hearts.

Bryan Jackson is not happy about letting Billy Brown stay on. 'Seething' apparently (no even joking).

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That ties in with what I've been told from Lithuania. Nothing is (or can) happen any time soon.

Expect a story in the press in the coming days to this effect

Love it when a plan comes together

Info I got from FOH recently mentions a meeting with the "Liths" at the end of January has been agreed. Thing is it's purely a "date of the nation" review, a lot of the merricks are taking it that, that means all is Barry! Nothing could be further from the truth!

[HibbySpurs]

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For a deal to be reached then the courts would have to ratify said deal. Given that neither Ukio nor UBIG have the infrastructure in place and the shares are currently frozen, then any deal is merely wishful thinking.

If a deal was on the table then Banderson/FoH/Self-Sufficient Southern would be all over it like a rash.

I really wouldn't worry yourself about their mendacious ramblings. I'd wait until they announce a court date before even giving it one iota of credibility.

"mendacious ramblings"

[Jack]

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Some quickies from inside Tynecastle

There's been no talk about admin finishing any time soon. The opposite in fact, people are worried they'll still be in it for months.

Hartleys name hasn't been mentioned at all. It would be a shock to those I speak to if he was to take a position at Hearts.

Bryan Jackson is not happy about letting Billy Brown stay on. 'Seething' apparently (no even joking).

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That ties in with what I've been told from Lithuania. Nothing is (or can) happen any time soon.

Expect a story in the press in the coming days to this effect

Confused or thick, I'll let others decide what I am :-)

You are both saying nothing is happening soon; BJ for inside the wongadome and Sergey for Lithuania.

But they've no money! Even BDO are saying end February, end money. Let's be very generous and say double that time.

They're surely only likely to exit administration via the liquidiser if that's the case.

[jacomo]

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Some quickies from inside Tynecastle

There's been no talk about admin finishing any time soon. The opposite in fact, people are worried they'll still be in it for months.

Hartleys name hasn't been mentioned at all. It would be a shock to those I speak to if he was to take a position at Hearts.

Bryan Jackson is not happy about letting Billy Brown stay on. 'Seething' apparently (no even joking).

If they are in admin then they are still functioning as a football club. They should be pleased... the alternative is much worse for them.

[Ronniekirk]

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Some quickies from inside Tynecastle

There's been no talk about admin finishing any time soon. The opposite in fact, people are worried they'll still be in it for months.

Hartleys name hasn't been mentioned at all. It would be a shock to those I speak to if he was to take a position at Hearts.

Bryan Jackson is not happy about letting Billy Brown stay on. 'Seething' apparently (no even joking).

Bit ignorant on these matters ,who did make decision brown can stay on ? And was that just to piss Jackson off ..

[StevieC]

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But they've no money! Even BDO are saying end February, end money. Let's be very generous and say double that time. They're surely only likely to exit administration via the liquidiser if that's the case.

Could it be feasible for them to trundle along in administration for months/years to come?
They'd obviously need additional funding (season tickets/FOH?) but I'm sure Portsmouth were in administration for quite a while under similar circumstances.

To be honest, if they don't reach an agreement with the Liths sometime soon then they'd probably be better (assuming they can still buy the stadium from UKIO) going down the liquidation route?
Rangers have shown that you can liquidate and still be the same team (?) so they may be as well liquidating sooner rather than later.

[Onion]

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If they are in admin then they are still functioning as a football club. They should be pleased... the alternative is much worse for them.

Just want them to lose the PBS and become nomads. That would come very close to payback for the years of financial doping and shut that Yam mob up once and for all.

[GordonHFC]

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Just want them to lose the PBS and become nomads. That would come very close to payback for the years of financial doping and shut that Yam mob up once and for all.

This is what I want to see. Much funnier than them disappearing into the abyss (although if I had a second vote )

[Gus Fring]

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But they've no money! Even BDO are saying end February, end money. Let's be very generous and say double that time.

They're surely only likely to exit administration via the liquidiser if that's the case.

The recent cost cutting is an attempt to stem that. They'll get a decent wedge from the share of Semi final tickets which will give them a wee boost.

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If they are in admin then they are still functioning as a football club. They should be pleased... the alternative is much worse for them.

People are worried about losing their jobs with the recent cutbacks

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Bit ignorant on these matters ,who did make decision brown can stay on ? And was that just to piss Jackson off ..

Jackson made the final decision but I'm told it was made under duress. He wanted Brown gone but when it was announced there was uproar amongst the team.

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Could it be feasible for them to trundle along in administration for months/years to come?
They'd obviously need additional funding (season tickets/FOH?) but I'm sure Portsmouth were in administration for quite a while under similar circumstances.

To be honest, if they don't reach an agreement with the Liths sometime soon then they'd probably be better (assuming they can still buy the stadium from UKIO) going down the liquidation route?
Rangers have shown that you can liquidate and still be the same team (?) so they may be as well liquidating sooner rather than later.

FOH funding isn't available to Hearts until they have control. Rangers situation is quite different in that if the CVA failed there was already a deal in place to sell the assets to charles green. There's no such deal in place for Hearts so if they do liquidate, everything will go on the open market. It's doubtful FOH would have enough money to buy everything, particularly the stadium. UKIO don't own the stadium, Hearts do.

[StevieC]

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Just want them to lose the PBS and become nomads.

The PBS is a HUGE money drain though .. and will need substantial investment to bring it up to standard.
The risk, if they lose it, is that EDC get involved in some sort of community stadium project (I know they are skint but it would still be a worry).