Share Transfers Agreed/Cooling off period

[ronaldo7]

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[Gus Fring]

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Have to confess B that I can't see the fascination to go onto kickback myself - I've never had the urge to, I'm a Hibs fan and like reading and posting on .net, not trawling through other sites, especially Hearts ones. Jeez I lived with a Hearts fan for years, I need no further proof that they are delusional, in all things in life

Plus you get more info on Hearts thanks to this site

Oh and the fan was female

I have an account over there (Different Username, the Bajillions over there is a fake). I made it for work a few years ago so I could search the forum but I started using it to ask awkward questions for my own amusement. "When are the shares coming" and stuff like that. I even got quoted by the JKBMeltdown twitter a few weeks ago.

What they can't grasp over there is that my info doesn't come straight to me. It comes via someone at Tynecastle. They all think this is impossible, as everyone knows Bryan Jackson lives in a lead-lined room and never speaks to anyone, ever. He's the only one who knows what's going on and he single handedly runs Tynecastle without anyones help. When in reality he's just a dude doing a job and because he's not at Tynecastle constantly he has to tell the staff what's happening and what's going on.

Or maybe I'm Trevor Birch?

[cabbageandribs1875]

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Keith Keith Keith

[Dashing Bob S]

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I have an account over there (Different Username, the Bajillions over there is a fake). I made it for work a few years ago so I could search the forum but I started using it to ask awkward questions for my own amusement. "When are the shares coming" and stiff like that. I got quoted by the JKBMeltdown twitter a few years ago.

What they can't grasp over there is that my info doesn't come straight to me. It comes via someone at Tynecastle. They all think this is impossible, as everyone knows Bryan Jackson lives in a lead-lined room and never speaks to anyone, ever. He's the only one who knows what's going on and he single handedly runs Tynecastle without anyones help. When in reality he's just a dude doing a job and because he's not at Tynecastle constantly he has to tell the staff what's happening and what's going on.

Or maybe I'm Trevor Birch?

I'd be surprised if Hearts took up more than 20% of Jackson's time. BDO have already done the bulk of the admin work with their cost cutting. All he has to do, in reality, is come in a couple of times a week, to check the books and sign off on some expenses. Then make the odd phone call to the UBIG/UKIOS admins in Lithuania, and ask them how things are going with the courts in trying to get the shares unfrozen. Then pick up the phone to Murray at FOH and tell them that there's no news yet but they are still pushing for a meeting in March.

Can't really see what else he can do.

[brog]

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I have an account over there (Different Username, the Bajillions over there is a fake). I made it for work a few years ago so I could search the forum but I started using it to ask awkward questions for my own amusement. "When are the shares coming" and stiff like that. I got quoted by the JKBMeltdown twitter a few years ago.

What they can't grasp over there is that my info doesn't come straight to me. It comes via someone at Tynecastle. They all think this is impossible, as everyone knows Bryan Jackson lives in a lead-lined room and never speaks to anyone, ever. He's the only one who knows what's going on and he single handedly runs Tynecastle without anyones help. When in reality he's just a dude doing a job and because he's not at Tynecastle constantly he has to tell the staff what's happening and what's going on.

Or maybe I'm Trevor Birch?

Talking of which, what's the current mood at PBS Bajillions? Is BJ walking about whistling 'everything is awesome' or does he still have his usual funereal face on? Thanks as ever for your great info!

[CropleyWasGod]

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I'd be surprised if Hearts took up more than 20% of Jackson's time. BDO have already done the bulk of the admin work with their cost cutting. All he has to do, in reality, is come in a couple of times a week, to check the books and sign off on some expenses. Then make the odd phone call to the UBIG/UKIOS admins in Lithuania, and ask them how things are going with the courts in trying to get the shares unfrozen. Then pick up the phone to Murray at FOH and tell them that there's no news yet but they are still pushing for a meeting in March.

Can't really see what else he can do.

... he will have minions to do that.

[Gus Fring]

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Talking of which, what's the current mood at PBS Bajillions? Is BJ walking about whistling 'everything is awesome' or does he still have his usual funereal face on? Thanks as ever for your great info!

Nothing worth reporting at the moment. The recent victories raised the spirits a fair bit but all know that winning on the park won't keep them in a job if it doesn't go to (their) plan. The back office staff don't always get the motivation the football side of it does.

[Dashing Bob S]

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... he will have minions to do that.

Yes, I'm sure he will, and probably to make the actual calls too. I just thought he might just want to be seen floating around the PBS occasionally and perhaps sign the odd cheque and make the odd call, just to give them the illusion that it was all in hand.

[CropleyWasGod]

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Yes, I'm sure he will, and probably to make the actual calls too. I just thought he might just want to be seen floating around the PBS occasionally and perhaps sign the odd cheque and make the odd call, just to give them the illusion that it was all in hand.

...in a long black cloak with a scythe in his hand

[Gus Fring]

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... he will have minions to do that.

[Dashing Bob S]

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...in a long black cloak with a scythe in his hand

Now there's the fancy dress for the liquidation ball (following the relegation party) sorted out!

[Kato]

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Yes, I'm sure he will, and probably to make the actual calls too. I just thought he might just want to be seen floating around the PBS occasionally and perhaps sign the odd cheque and make the odd call, just to give them the illusion that it was all in hand.

So in effect #allisdaffy



f1jj0w.jpg

[Eyrie]

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I have an account over there (Different Username, the Bajillions over there is a fake). I made it for work a few years ago so I could search the forum but I started using it to ask awkward questions for my own amusement. "When are the shares coming" and stuff like that. I even got quoted by the JKBMeltdown twitter a few weeks ago.

What they can't grasp over there is that my info doesn't come straight to me. It comes via someone at Tynecastle. They all think this is impossible, as everyone knows Bryan Jackson lives in a lead-lined room and never speaks to anyone, ever. He's the only one who knows what's going on and he single handedly runs Tynecastle without anyones help. When in reality he's just a dude doing a job and because he's not at Tynecastle constantly he has to tell the staff what's happening and what's going on.

Or maybe I'm Trevor Birch?

So should we refer to your source as "Deep Throat" or just plain BJ?

[SuperAllyMcleod]

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So should we refer to your source as "Deep Throat" or just plain BJ?

Very good - reminds me of the EEN a few years back. Every time a company announced redundancies they seemed to go with the headline "Jobs Blow" - it always made me do a double take.

[StevieC]

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Is BJ walking about whistling 'everything is awesome'

Prior to Sunday that one would have went right over my head.

[NadeAteMyLunch!]

A few of the muppets have told me over the past 18 months that they 'made a profit' in 2012 and that we were the real cheats in the cup final lol. Obviously it's the party line over on nowayback. I know they are complete morons so I shouldn't be surprised, but really?!? With the wages they were still paying out to Skacel, Driver, Zal, Webster, Black et al, a 'profit' would be utterly impossible. Are they honestly that stupid?!(No need to answer).
What was the whole story that year? Did they release proper accounts? How much debt forgiveness was there etc etc?? Ta

[Sergey]

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A few of the muppets have told me over the past 18 months that they 'made a profit' in 2012 and that we were the real cheats in the cup final lol. Obviously it's the party line over on nowayback. I know they are complete morons so I shouldn't be surprised, but really?!? With the wages they were still paying out to Skacel, Driver, Zal, Webster, Black et al, a 'profit' would be utterly impossible. Are they honestly that stupid?!(No need to answer).
What was the whole story that year? Did they release proper accounts? How much debt forgiveness was there etc etc?? Ta

Go back to page #1 of this thread and read through it - what we've been doing rather than asking repetitive questions.

[GreenLake]

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A few of the muppets have told me over the past 18 months that they 'made a profit' in 2012 and that we were the real cheats in the cup final lol. Obviously it's the party line over on nowayback. I know they are complete morons so I shouldn't be surprised, but really?!? With the wages they were still paying out to Skacel, Driver, Zal, Webster, Black et al, a 'profit' would be utterly impossible. Are they honestly that stupid?!(No need to answer).
What was the whole story that year? Did they release proper accounts? How much debt forgiveness was there etc etc?? Ta

Their ridiculous financial comparisons fall to fantasy when they look at the sh&teh^le stadium that surrounds them and watch the team they have in front of them. Add to that next year's glamour games and it will be all pish and vinegar over on shartquack.com

[NadeAteMyLunch!]

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Go back to page #1 of this thread and read through it - what we've been doing rather than asking repetitive questions.

Thanks for the condescending response. I have pretty much been reading since page 1 and have asked very few questions, due to having a pretty decent understanding of it all. Contributed towards it a fair few times as well, for example revealing the late HMRC payment back in June, 24 hours before it was front and back page news in the press.
I asked a simple, SPECIFIC question about their accounts from 2012. Namely, how much was their debt forgiveness and how much would they have lost that year without it? They go on about us losing £900,000 that season, I'd like to know how much they would have lost without their dodgy ways. I'll head back to page 1 now though, incase there was maybe a day back in November 2012 when I missed such info...

[greenginger]

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Thanks for the condescending response. I have pretty much been reading since page 1 and have asked very few questions, due to having a pretty decent understanding of it all. Contributed towards it a fair few times as well, for example revealing the late HMRC payment back in June, 24 hours before it was front and back page news in the press.
I asked a simple, SPECIFIC question about their accounts from 2012. Namely, how much was their debt forgiveness and how much would they have lost that year without it? They go on about us losing £900,000 that season, I'd like to know how much they would have lost without their dodgy ways. I'll head back to page 1 now though, incase there was maybe a day back in November 2012 when I missed such info...

Yam accounts for 2012 show a bottom line loss of £ 1.648 million.

It would have been a lot worse but they put in a item in their income column of £ 2.914 million for player compensation for players F C Kaunas were meant to have agreed to sign but did'nt because they went bust. UBIG wrote off the F C Kaunas debt.

Staff costs that year were £ 8.214 million on a turnover of £ 8.682 million.

[NadeAteMyLunch!]

Thanks gg

[Caversham Green]

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A few of the muppets have told me over the past 18 months that they 'made a profit' in 2012 and that we were the real cheats in the cup final lol. Obviously it's the party line over on nowayback. I know they are complete morons so I shouldn't be surprised, but really?!? With the wages they were still paying out to Skacel, Driver, Zal, Webster, Black et al, a 'profit' would be utterly impossible. Are they honestly that stupid?!(No need to answer).
What was the whole story that year? Did they release proper accounts? How much debt forgiveness was there etc etc?? Ta

From season 2005/06 (the start of the Romanov regime when they were already £20m in debt) to 2011/12, HoMFC spent £53.1m more than they brought in. That was on wages and 'normal' operating expenses, and in addition they spent £7.9m on player transfer fees and £1.4m on plans for their new stand. All of that was other peoples' money and none of it will be paid back.

In the same period Hibs brought in £9.9m more than they spent on trading activities and spent it on improving their asset base to set the club up for the future.

Maintaining debt is standard business practice - it's when you fail to pay that debt that it becomes cheating.

[NadeAteMyLunch!]

Thanks Cav

[Eric]

One for our financial experts. The Yams last financial year ended on 30 Jun 13 at which time they were in admin. Are BDO required to produce annual accounts for Season 12/13 and if so by when are they due? I seem to remember that the SFA (?) apply a financial penalty for late submission

[CropleyWasGod]

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One for our financial experts. The Yams last financial year ended on 30 Jun 13 at which time they were in admin. Are BDO required to produce annual accounts for Season 12/13 and if so by when are they due? I seem to remember that the SPL (?) apply a financial penalty for late submission

No. The legal requirements for annual accounts are trumped by the legal requirements of the administration. In other words, the submissions that BDO make to the Court are sufficient.

Interesting point, though, about the SFA's licensing requirements. Don't think we've had this precise situation before. The accounts are normally required as part of the Annual Return and, if the AR is late, the sanctions on the Club can include.....

Removing the club's licence to compete in UEFA competitions.

[Eric]

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No. The legal requirements for annual accounts are trumped by the legal requirements of the administration. In other words, the submissions that BDO make to the Court are sufficient.

Interesting point, though, about the SFA's licensing requirements. Don't think we've had this precise situation before. The accounts are normally required as part of the Annual Return and, if the AR is late, the sanctions on the Club can include.....

Removing the club's licence to compete in UEFA competitions.

Thanks Crops. So is an Annual Return with accounts to the SFA still required? If so would it be BDO's responsibility to provide it.

[CropleyWasGod]

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Thanks Crops. So is an Annual Return with accounts to the SFA still required? If so would it be BDO's responsibility to provide it.

An Annual Return would definitely be required, I think by 31 March. I am not sure, however, whether the rules actually provide for this particular set of circumstances, and whether the lack of accounts would be a problem. I am guessing that BDO's reports would be enough to satisfy them, though.

[monktonharp]

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Just remember the immortal line - "we owe it to ourselves". If this were a fair and just world, it would become their epitaph.

truer words have not been said.

[brog]

The mystery of the missing shares, ie the Dec 2012 lot, not the Lith ones, has finally been resolved! Apparently Alan (Nipper) Lawrence was the postie in charge of the deliveries!

[monktonharp]

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The mystery of the missing shares, ie the Dec 2012 lot, not the Lith ones, has finally been resolved! Apparently Alan (Nipper) Lawrence was the postie in charge of the deliveries!

certainly not been nipped in the bud then. strange that those shares were redirected via Airdrie though