Share Transfers Agreed/Cooling off period

**~~EK_Hibs~~** · 25-01-2014 12:08 PM

Originally Posted by Filled Rolls

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FACT?

Of course not.. but it's now at the stage where it's highly unlikely

***Aldo*** · 25-01-2014 12:15 PM

Originally Posted by EK_Hibs

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Of course not.. but it's now at the stage where it's highly unlikely

I don't see where you are getting this from. What stage are they at?? They've been in the same position for months on end with not a lot of money coming their way.

BDO /Jackson said that money will run out by Feb/March and I don't think that has changed, unless I've missed something.

So there is still ever chance they could be liquidated.

***greenginger*** · 25-01-2014 12:17 PM

Originally Posted by CropleyWasGod

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The guy quoted, David Rutherford, is a decent one. He knows what he's talking about when it comes to insolvency.

I am guessing, though, that he doesn't know about the assets being frozen.

The article does suggest that the building belongs to UBIG, but it is the EEN so I'm not sure.

According to the Land Registry property certificate recorded when the property was purchased , 14/12/07, the acquirers name was UAB Businessline.

That is the same company that bought the old Hearts ticket office and shop and rented it to the Yams.

It is described in the Hearts Accounts as being a company controlled by Romanov, but the ownership of the St Andrew Sq building could have been transferred since then.

I am sure the EEN will have done their research thoroughly !

**~~Saorsa~~** · 25-01-2014 12:18 PM

Originally Posted by Aldo

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I don't see where you are getting this from. What stage are they at?? They've been in the same position for months on end with not a lot of money coming their way.

BDO /Jackson said that money will run out by Feb/March and I don't think that has changed, unless I've missed something.

So there is still ever chance they could be liquidated.

Wasting your time mate.

***Aldo*** · 25-01-2014 12:20 PM

Originally Posted by Desperate Dan

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Wasting your time mate.

Your probably right there dude. Worth a try tho. :-D

***CropleyWasGod*** · 25-01-2014 12:20 PM

Originally Posted by greenginger

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According to the Land Registry property certificate recorded when the property was purchased , 14/12/07, the acquirers name was UAB Businessline.

That is the same company that bought the old Hearts ticket office and shop and rented it to the Yams.

It is described in the Hearts Accounts as being a company controlled by Romanov, but the ownership of the St Andrew Sq building could have been transferred since then.

I am sure the EEN will have done their research thoroughly !

Yup, I have the same comfort.

Cheers for the info, though.

***CyberSauzee*** · 25-01-2014 12:41 PM

Originally Posted by hhibs

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Sorry if covered before.

Under SPFL rules would Hearts be docked more points or suffer any other punishment if they are still in administration for next season?

Having a debate with a decent Jambo,yes a few exist, over here in the Sun and Wind of Fuerteventura.

GGTTH

Was covered a few pages back. If in admin on the first day of next season they will have a points deduction.

**The_Todd** · 25-01-2014 12:43 PM

Originally Posted by hhibs

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Sorry if covered before.

Under SPFL rules would Hearts be docked more points or suffer any other punishment if they are still in administration for next season?

Having a debate with a decent Jambo,yes a few exist, over here in the Sun and Wind of Fuerteventura.

GGTTH

Yes

**HUTCHYHIBBY** · 25-01-2014 12:49 PM

Originally Posted by RoYO!

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Ukio are going to accept 2.5 mil for the land. If ukio wanted the going rate then hertz wouldnt be able to raise that. then they go to liquidation. Id be interested to know the ins and outs of how they could still be liquidated at this point. In fact id be delighted to know :)

Would it be a ukio u turn having already accepted in principa?
Do ubig have ANY cards to play?

The fact that FOH cant attain THE FROZEN SHARES until the Lith Authorities put them in the microwave means that theres every chance FOH will run out of dough before the authorities in Lithuania finalise their inquiry into all the dodgy exploits of Vlad et al! Keep Calm!

**~~Phil D. Rolls~~** · 25-01-2014 01:16 PM

Originally Posted by EK_Hibs

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Of course not.. but it's now at the stage where it's highly unlikely

Sorry, I got mixed up when you said it will not happen - if it's only unlikely there's still hope for all of us seethers. I think there is a good chance they'll run out of money soon.

**HUTCHYHIBBY** · 25-01-2014 01:21 PM

Originally Posted by Filled Rolls

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Sorry, I got mixed up when you said it will not happen - if it's only unlikely there's still hope for all of us seethers. I think there is a good chance they'll run out of money soon.

If that were to happen I wonder if CWG could tell us where BDO would get their fee from?

**Onceinawhile** · 25-01-2014 01:24 PM

Originally Posted by HUTCHYHIBBY

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If that were to happen I wonder if CWG could tell us where BDO would get their fee from?

They are taking their fees from heart's surplus trading income at the moment. Of hearts were to get liquidated bdo would take their fee from any proceeds raised from the sale off of assets after liquidation.

***CropleyWasGod*** · 25-01-2014 01:26 PM

Originally Posted by Antwerphibs

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They are taking their fees from heart's surplus trading income at the moment. Of hearts were to get liquidated bdo would take their fee from any proceeds raised from the sale off of assets after liquidation.

I think you're right about the first part.

On liquidation, though, they wouldn't be in office. It would be another firm.

**inglisavhibs** · 25-01-2014 01:30 PM

Originally Posted by Aldo

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I don't see where you are getting this from. What stage are they at?? They've been in the same position for months on end with not a lot of money coming their way.

BDO /Jackson said that money will run out by Feb/March and I don't think that has changed, unless I've missed something.

So there is still ever chance they could be liquidated.

He is on the wind up mate, trying to be subtle but not very convincing for me. Might just come back and bite him in the b-- one day!

***Aldo*** · 25-01-2014 01:32 PM

Originally Posted by inglisavhibs

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He is on the wind up mate, trying to be subtle but not very convincing for me. Might just come back and bite him in the b-- one day!

I see. Think it already has. :-)

***Jack Hackett*** · 25-01-2014 01:35 PM

Originally Posted by CropleyWasGod

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I think you're right about the first part.

On liquidation, though, they wouldn't be in office. It would be another firm.

Wouldn't BDO then be top of any creditors list though?

***CropleyWasGod*** · 25-01-2014 01:38 PM

Originally Posted by Jack Hackett

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Wouldn't BDO then be top of any creditors list though?

TBH, I don't know. Robin will.....

**hibee_nation** · 25-01-2014 01:41 PM

Originally Posted by Filled Rolls

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Sorry, I got mixed up when you said it will not happen - if it's only unlikely there's still hope for all of us seethers. I think there is a good chance they'll run out of money soon.

Are we seethers now i much preferred frothers.

**~~EK_Hibs~~** · 25-01-2014 01:41 PM

Originally Posted by inglisavhibs

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He is on the wind up mate, trying to be subtle but not very convincing for me. Might just come back and bite him in the b-- one day!

How on earth am I on the wind up?

**~~clerriehibs~~** · 25-01-2014 01:44 PM

Originally Posted by EK_Hibs

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How on earth am I on the wind up?

If you don't stick to the party line on here that they're almost definitely doomed, I think you're suspected of being a yam. It's a bit like a negative of sickbag.

**~~Inch Hibs~~** · 25-01-2014 01:50 PM

Originally Posted by clerriehibs

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If you don't stick to the party line on here that they're almost definitely doomed, I think you're suspected of being a yam. It's a bit like a negative of sickbag.

First rule of the "yams Financial Meltdown" thread - don't question the party line

***Ozyhibby*** · 25-01-2014 01:57 PM

A lot of people saying that BDO will just get the begging bowl out if they run out of cash in March. That won't be as easy to do if they have to admit, as they would, that the first £400k that is raised is would be to cover BDO's fees over the summer.

**~~Inch Hibs~~** · 25-01-2014 01:59 PM

Originally Posted by Ozyhibby

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A lot of people saying that BDO will just get the begging bowl out if they run out of cash in March. That won't be as easy to do if they have to admit, as they would, that the first £400k that is raised is would be to cover BDO's fees over the summer.

BDO is on a fixed price fee.

**~~hibs0666~~** · 25-01-2014 02:01 PM

No it is not, that is a yam fantasy.

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**~~hibs0666~~** · 25-01-2014 02:02 PM

Originally Posted by Inch Hibs

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BDO is on a fixed price fee.

No it is not that is yam fantasy.

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**WindyMiller** · 25-01-2014 02:02 PM

Originally Posted by Inch Hibs

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BDO is on a fixed price fee.

No they're not,now.

***Mikey*** · 25-01-2014 02:03 PM

Originally Posted by Inch Hibs

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BDO is on a fixed price fee.

No they're not.

Seeing as you're back, why not pay attention this time

**~~EK_Hibs~~** · 25-01-2014 02:04 PM

Originally Posted by clerriehibs

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If you don't stick to the party line on here that they're almost definitely doomed, I think you're suspected of being a yam. It's a bit like a negative of sickbag.

I see

***Ozyhibby*** · 25-01-2014 02:05 PM

Originally Posted by Inch Hibs

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BDO is on a fixed price fee.

They are absolutely not on a fixed fee. Where have you read that? Do you have a link?

***Mikey*** · 25-01-2014 02:05 PM

Originally Posted by clerriehibs

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If you don't stick to the party line on here that they're almost definitely doomed, I think you're suspected of being a yam. It's a bit like a negative of sickbag.

Originally Posted by Inch Hibs

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First rule of the "yams Financial Meltdown" thread - don't question the party line

Och, ye wee lambs.