Share Transfers Agreed/Cooling off period

**Dashing Bob S** · 23-02-2014 03:17 PM

Originally Posted by brog

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Love this quote from JKB Meltdown. A financially refreshed Hearts, should be able to offer better terms than all but 3 or 4 teams!! That has to be the worst euphemism ever. Financially refreshed = cheating, thieving, charity robbing, non tax paying, whining Yams!

A 'financially refreshed Hearts' sounds a bit like a 'teacher training qualified paedophile.'

**Greentinted** · 23-02-2014 06:20 PM

Financial refreshing = Money laundering

No change there then; crooked, thieving, cheating low-life!

***Ozyhibby*** · 23-02-2014 06:35 PM

Statement from Bidco

http://www.foundationofhearts.org/statement-from-bidco/

***Ozyhibby*** · 23-02-2014 06:38 PM

@The_FOH: BDO are attempting to secure movement in LTN in terms of UBIG to allow a Creditors Meeting to take place. That will require 30 days notice.

***CropleyWasGod*** · 23-02-2014 06:38 PM

Originally Posted by Ozyhibby

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Statement from Bidco

http://www.foundationofhearts.org/statement-from-bidco/

Can't see anything fundamentally different from the FOH statement. Indeed, it's dated the 14th.

***Mon Dieu4*** · 23-02-2014 06:39 PM

Originally Posted by Ozyhibby

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@The_FOH: BDO are attempting to secure movement in LTN in terms of UBIG to allow a Creditors Meeting to take place. That will require 30 days notice.

Im attempting to ride Mila Kunis

***Mikey*** · 23-02-2014 06:51 PM

Originally Posted by Ozyhibby

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@The_FOH: BDO are attempting to secure movement in LTN in terms of UBIG to allow a Creditors Meeting to take place. That will require 30 days notice.

That'll be why Jackson was in Lithuania.

Yet they tell us everything is falling into place. Problem is, it'll fall apart before the meeting takes place.

***Bostonhibby*** · 23-02-2014 06:54 PM

Originally Posted by Mikey

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That'll be why Jackson was in Lithuania.

Yet they tell us everything is falling into place. Problem is, it'll fall apart before the meeting takes place.

allisbarry, and moving towards being slightly less complex by the look of it.

Tick tock.

**RIP Bestie** · 23-02-2014 07:02 PM

Originally Posted by Mon Dieu4

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Im attempting to ride Mila Kunis

brilliant. Near masel

**greenpaper55** · 23-02-2014 07:03 PM

Originally Posted by Mikey

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That'll be why Jackson was in Lithuania.

Yet they tell us everything is falling into place. Problem is, it'll fall apart before the meeting takes place.

Very true

**Gus Fring** · 23-02-2014 07:05 PM

Rubber Stamp not working?

***TrinityHibs*** · 23-02-2014 07:07 PM

Originally Posted by Mon Dieu4

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Im attempting to ride Mila Kunis

That'll take more than 30 days notice. Mind you probably happen quicker than than Joey getting hold of the shares

**Dashing Bob S** · 23-02-2014 07:14 PM

Unless something tangible comes from Jackson's visit- 1. News that Lith admins have obtained shares from Lith courts, 2. A date set for creditors meeting, there is absolutely no reason for him to go there unless it's negative news. And we shall soon know by the announcement or absence of those factors.

***Mikey*** · 23-02-2014 07:16 PM

Originally Posted by Bajillions

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Rubber Stamp not working?

Rubber Ducked I would suggest.

***Ozyhibby*** · 23-02-2014 07:30 PM

Originally Posted by Dashing Bob S

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Unless something tangible comes from Jackson's visit- 1. News that Lith admins have obtained shares from Lith courts, 2. A date set for creditors meeting, there is absolutely no reason for him to go there unless it's negative news. And we shall soon know by the announcement or absence of those factors.

Assuming he is back now and there has been no progress then it's likely that the trip was a wasted effort.

**Dashing Bob S** · 23-02-2014 07:34 PM

Originally Posted by Ozyhibby

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Assuming he is back now and there has been no progress then it's likely that the trip was a wasted effort.

I'm betting that he was there to try and circumvent further bad news. And failing.

Next week is going to be be a belter. They have five days to announce the date of a creditors meeting to be out of admin before April. I don't think they are going to give us the date when the CVA can be 'rubber stamped'.

Does anybody think they will?

***grunt*** · 23-02-2014 07:50 PM

Originally Posted by Ozyhibby

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@The_FOH: BDO are attempting to secure movement in LTN in terms of UBIG to allow a Creditors Meeting to take place. That will require 30 days notice.

What's he doing in Luton?

**ManBearPig** · 23-02-2014 07:54 PM

Originally Posted by Mon Dieu4

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Im attempting to ride Mila Kunis

hahaha that's brilliant!! :-D

***Col2*** · 23-02-2014 07:56 PM

@The_FOH: @craigmcnhibs very much down to issues in Lithuania. Working with different legal system.

@craigmcnhibs: @The_FOH surely someone can give a time frame? Is it just the creditors meeting or Lithuanian courts still involved? Appreciate your reply.

@The_FOH: @craigmcnhibs both, court needs to approve UBIG creditors list, then creditors meeting. HMFC v small part of big web.

Funny how its allverycomplex again and not rubber stamping...

30 days notice AND legal timescale to process paperwork out of admin. Assumes meeting will take place soon (no evidence of this), assumes the right result (no certainty) and assumes no legal barrier or appeals (no evidence this will be the case).

Today will be the start of the expectation management. As someone else said next week will be interesting. Wonder when Brian is back....

***Hibernianinc*** · 23-02-2014 08:03 PM

Originally Posted by Dashing Bob S

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I'm betting that he was there to try and circumvent further bad news. And failing.

Next week is going to be be a belter. They have five days to announce the date of a creditors meeting to be out of admin before April. I don't think they are going to give us the date when the CVA can be 'rubber stamped'.

Does anybody think they will?

Not a chance Bob.

However, I expect there to be quite a bit of "big news" next week, that will all focus on what great stuff is just round the corner for the biggest movement in scottish football.

There is likely to be little actual substance to these tales, and some might call them 'diversions', but not our pink chums, they'll be delighted with everything and us wee teamers will be seething.

**~~Sergey~~** · 23-02-2014 08:04 PM

Originally Posted by Col2

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@The_FOH: @craigmcnhibs very much down to issues in Lithuania. Working with different legal system.

@craigmcnhibs: @The_FOH surely someone can give a time frame? Is it just the creditors meeting or Lithuanian courts still involved? Appreciate your reply.

@The_FOH: @craigmcnhibs both, court needs to approve UBIG creditors list, then creditors meeting. HMFC v small part of big web.

Funny how its allverycomplex again and not rubber stamping...

30 days notice AND legal timescale to process paperwork out of admin. Assumes meeting will take place soon (no evidence of this), assumes the right result (no certainty) and assumes no legal barrier or appeals (no evidence this will be the case).

Today will be the start of the expectation management. As someone else said next week will be interesting. Wonder when Brian is back....

And there's absolutely nothing that anyone inside the PBS can do to speed up the process and the above pretty much mirrors what I said the minute they entered administration.

***Col2*** · 23-02-2014 08:10 PM

And funny... Not a single reference on kickback. More relevant for them is which players will they be signing...

***Mikey*** · 23-02-2014 08:15 PM

That's quite a flurry we're getting from FOH. Maybe someone has decided it's about time they put the brakes on the excitement and raise the problem of the frozen shares.

The shares are frozen, aren't they? I'm sure I read that somewhere..............

**robinp** · 23-02-2014 08:16 PM

Originally Posted by Col2

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And funny... Not a single reference on kickback. More relevant for them is which players will they be signing...

They still signing Stevie May, Kris Boyd and the other players from the non-OF select?

***Billy Whizz*** · 23-02-2014 08:17 PM

Originally Posted by Mikey

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That's quite a flurry we're getting from FOH. Maybe someone has decided it's about time they put the brakes on the excitement and raise the problem of the frozen shares.

The shares are frozen, aren't they? I'm sure I read that somewhere..............

Mikey, don't let the facts get in the way of a good story though

**HUTCHYHIBBY** · 23-02-2014 08:20 PM

Whats the point of a Creditors Meeting until the Lith Authorities chuck the frozen shares into a microwave?

***Jonnyboy*** · 23-02-2014 08:37 PM

Originally Posted by Billy Whizz

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Mikey, don't let the facts get in the way of a good story though

It's never stopped BAnderson

**Gus Fring** · 23-02-2014 08:58 PM

Originally Posted by Jonnyboy

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It's never stopped BAnderson

He said good story

***jacomo*** · 23-02-2014 09:11 PM

Originally Posted by Col2

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@The_FOH: @craigmcnhibs very much down to issues in Lithuania. Working with different legal system.

@craigmcnhibs: @The_FOH surely someone can give a time frame? Is it just the creditors meeting or Lithuanian courts still involved? Appreciate your reply.

@The_FOH: @craigmcnhibs both, court needs to approve UBIG creditors list, then creditors meeting. HMFC v small part of big web.

Funny how its allverycomplex again and not rubber stamping...

30 days notice AND legal timescale to process paperwork out of admin. Assumes meeting will take place soon (no evidence of this), assumes the right result (no certainty) and assumes no legal barrier or appeals (no evidence this will be the case).

Today will be the start of the expectation management. As someone else said next week will be interesting. Wonder when Brian is back....

FoH accept HMFC are v small? Must be like a bayonet through the heart.