Share Transfers Agreed/Cooling off period

[Dashing Bob S]

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

I can't see Boyd going there. Once the strike force of May and MacKay are installed, they will be first pick and Boyd could only be a benchwarmer, probably not much use to him at this stage of his career.

Anyone heard anything on the new stand?

[jacomo]

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Rubber Stamp not working?

Banderson should add some context to his 'rubber stamp' story.

If you think about it, it's actually quite a complex piece of technology, requiring at 3 separate elements - the stamp itself, the ink and of course the piece of paper that will receive the stamping.

Once again it's not Banderson that's wrong, but the world outside his head.

[PatHead]

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I can't see Boyd going there. Once the strike force of May and MacKay are installed, they will be first pick and Boyd could only be a benchwarmer, probably not much use to him at this stage of his career.

Anyone heard anything on the new stand?

Still in planning last I heard

[Ozyhibby]

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

Their ability to stick their fingers in their ears when FoH are sending a clear signal that things are not progressing is an amazing feat.

[Mon Dieu4]

Was it march they said the cash will run out?

[Dashing Bob S]

The deafening silence on Kickback is instructive. FOH have been making statements (admittedly bland ones, starting their southward management of expectations) and nobody seems to consider this worthy of comment or analysis.

I really do expect a turgid, bitter and ugly struggle towards liquidation from here on in.

Sad in some ways, as I'd like to have seen this exciting business plan and fan management group in action.

Any one care speculate on the chance that, in the event of liquidation, FOH might be able to buy the assets and take over the running of a newco Hearts in the Lowlife?

[Eyrie]

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Any one care speculate on the chance that, in the event of liquidation, FOH might be able to buy the assets and take over the running of a newco Hearts in the Lowlife?

I'd expect them to pick up everything except the PBS, and probably for a token pound.

My only concern would be that ground sharing at Livingston may be better for them than having to pay for the upkeep of the PBS and the cost of replacing the asbestos death trap.

[Dashing Bob S]

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I'd expect them to pick up everything except the PBS, and probably for a token pound.

My only concern would be that ground sharing at Livingston may be better for them than having to pay for the upkeep of the PBS and the cost of replacing the asbestos death trap.

I know we've been through all this with sevco, but what would they be buying? The club name, SPFA licence and player contracts (those would probably be cancelled...)

[Pinkie]

Unless I'm jumping the gun, those tweets are probably the bleakest thing I have yet seen from FOH. The closest to an admission that the famous are but a bit part and relatively powerless to do owt about it. Can someone who knows what they are talking about (cos I don't) clarify this?

The tweets say that the creditors meeting cannot take place until a court has agreed to who the creditors are. And then once the court has decided that, the creditors need to meet to decide stuff, like whether to sell the homfc shares for diddly squat. Is that right?

But even if the creditors do decide to the honourable thing and hand over the shares to our poppy-pinching neighbours, the shares can only be transferred when a court agrees that the assets of UBIG can be unfrozen. Correct?

Is there any reason why a court would see homfc shares as deserving to be unfrozen ahead of the other UBIG assets? Particularly when they're all frozen because of a big criminal investigation and homfc are in for about £65m (directly or indirectly) of the dodgy transactions?

[Ozyhibby]

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I'd expect them to pick up everything except the PBS, and probably for a token pound.

My only concern would be that ground sharing at Livingston may be better for them than having to pay for the upkeep of the PBS and the cost of replacing the asbestos death trap.

A newco starting in Div 2 playing in Livingston?
I swear I would never need porn again.

[GreenLake]

Hearts are heading for a period where they will be lucky to match their success of the late 60's and 70's. They will be able to honour their great hero Donald Ford by achieving what he did. Absolutely F all.

[Sergey]

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Unless I'm jumping the gun, those tweets are probably the bleakest thing I have yet seen from FOH. The closest to an admission that the famous are but a bit part and relatively powerless to do owt about it. Can someone who knows what they are talking about (cos I don't) clarify this?

The tweets say that the creditors meeting cannot take place until a court has agreed to who the creditors are. And then once the court has decided that, the creditors need to meet to decide stuff, like whether to sell the homfc shares for diddly squat. Is that right?

But even if the creditors do decide to the honourable thing and hand over the shares to our poppy-pinching neighbours, the shares can only be transferred when a court agrees that the assets of UBIG can be unfrozen. Correct?

Is there any reason why a court would see homfc shares as deserving to be unfrozen ahead of the other UBIG assets? Particularly when they're all frozen because of a big criminal investigation and homfc are in for about £65m (directly or indirectly) of the dodgy transactions?

That's pretty much it, but I'd also add that the UBIG shares, once unfrozen, will be passed to the admins of Ukio for disposal. Therein lies another problem, getting the provisional CVA approved by Ukio creditors committee, which still isn't in place.

Of course, now that Budge has been seen to be cash rich, it would come as no surprise if Ukio held out for the true land value, as the club/shares/land won't be getting passed to a fans group, but instead to a wealthy entrepreneur.

The goalposts have changed considerably since the initial CVA meeting.... and not in a good way if you were a Yam.

[Dashing Bob S]

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Im attempting to ride Mila Kunis

You will be banging her senseless before those shares are in FOH hands.

[Pinkie]

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That's pretty much it, but I'd also add that the UBIG shares, once unfrozen, will be passed to the admins of Ukio for disposal. Therein lies another problem, getting the provisional CVA approved by Ukio creditors committee, which still isn't in place.

Of course, now that Budge has been seen to be cash rich, it would come as no surprise if Ukio held out for the true land value, as the club/shares/land won't be getting passed to a fans group, but instead to a wealthy entrepreneur.

The goalposts have changed considerably since the initial CVA meeting.... and not in a good way if you were a Yam.

Thanks. It's quite a cocktail of bleakness. Which is nice.

[Dashing Bob S]

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That's pretty much it, but I'd also add that the UBIG shares, once unfrozen, will be passed to the admins of Ukio for disposal. Therein lies another problem, getting the provisional CVA approved by Ukio creditors committee, which still isn't in place.

Of course, now that Budge has been seen to be cash rich, it would come as no surprise if Ukio held out for the true land value, as the club/shares/land won't be getting passed to a fans group, but instead to a wealthy entrepreneur.

The goalposts have changed considerably since the initial CVA meeting.... and not in a good way if you were a Yam.

On the positive side a lot of people will be better off as there will be no need to shell out on the direct debits every months and the cost of an ST to watch Lowland League football at Livy shouldn't be too high.

[jacomo]

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That's pretty much it, but I'd also add that the UBIG shares, once unfrozen, will be passed to the admins of Ukio for disposal. Therein lies another problem, getting the provisional CVA approved by Ukio creditors committee, which still isn't in place.

Of course, now that Budge has been seen to be cash rich, it would come as no surprise if Ukio held out for the true land value, as the club/shares/land won't be getting passed to a fans group, but instead to a wealthy entrepreneur.

The goalposts have changed considerably since the initial CVA meeting.... and not in a good way if you were a Yam.

I can't believe Budge would go public unless the price she is offering to pay is now fixed. I may be underestimating their stupidity however.

[Haymaker]

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I can't believe Budge would go public unless the price she is offering to pay is now fixed. I may be underestimating their stupidity however.

Did she go public or did someone do it for her?

[Col2]

To be fair both Sergey and Bajillions have been absolutely spot on in recent months. I am sure i am not the only one who started to get influenced by all the pro FOH media stuff....

...i should have known better. And wont be making that mistake again.

[Col2]

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Did she go public or did someone do it for her?

The latter. Her name is registered name under Bidco so media were going to pick it up regardless. No excuse for the follow up media stories.

[Hibby70]

I think Jackson will pull the plug in the next fortnight. He'll have been told in Lithuania to expect at least 6 months to get the process of unfreezing the shares underway. He'll then cite the fact that he tried everything including going to Lithuania.

[Gus Fring]

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To be fair both Sergey and Bajillions have been absolutely spot on in recent months. I am sure i am not the only one who started to get influenced by all the pro FOH media stuff....

...i should have known better. And wont be making that mistake again.

Thank you for noticing. It's difficult not to look like a slaver when the media are putting a positive spin on everything. When I reply with "My sources are saying different" it can take a long time for it becomes clear I wasn't talking rubbish. I'm not looking to be hailed as a hero or expect everyone to bow at my feet. I simply just get info and then post what I hear on here.

[O'Rourke3]

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Thank you for noticing. It's difficult not to look like a slaver when the media are putting a positive spin on everything. When I reply with "My sources are saying different" it can take a long time for it becomes clear I wasn't talking rubbish. I'm not looking to be hailed as a hero or expect everyone to bow at my feet. I simply just get info and then post what I hear on here.

Cannot wait for the news from the sources this week

[Haymaker]

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The latter. Her name is registered name under Bidco so media were going to pick it up regardless. No excuse for the follow up media stories.

Worst case for them I suppose! Probably didn't want to be named so early... especially if it has affected the possible takeover IF it ever happens!

[greenginger]

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The latter. Her name is registered name under Bidco so media were going to pick it up regardless. No excuse for the follow up media stories.

There are a few Bidco's registered at Companies House, only the 1874 bit links it with the Yams and I very much doubt our sports press would have picked up on it unless it was waved under their noses.

[Jack]

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The latter. Her name is registered name under Bidco so media were going to pick it up regardless. No excuse for the follow up media stories.

Was there a need for her name being registered under BIDCO at this time?

Probably not, I don't know the technicalities of these things.

But it's not as though, their club; S.H.I.T., BDO, banderson and the EEN and everyone else involved appear to have mucked up dates and timings.

[Dashing Bob S]

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I think Jackson will pull the plug in the next fortnight. He'll have been told in Lithuania to expect at least 6 months to get the process of unfreezing the shares underway. He'll then cite the fact that he tried everything including going to Lithuania.

The way the cards are falling this now seems to be the most likely scenario. A bit of expectation lowering this week, as parties try to maintain their credibility, then the guillotine brought down in a fortnight or so.

[Coco Bryce]

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The way the cards are falling this now seems to be the most likely scenario. A bit of expectation lowering this week, as parties try to maintain their credibility, then the guillotine brought down in a fortnight or so.

The end game is coming.

[greenginger]

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Was there a need for her name being registered under BIDCO at this time?

Probably not, I don't know the technicalities of these things.

But it's not as though, their club; S.H.I.T., BDO, banderson and the EEN and everyone else involved appear to have mucked up dates and timings.

I think it was more like pressure from some of the FoH committee who would not be happy to continue to take the pledges and beg for new ones under false pretenses.

They had to come clean, but probably thought they could just spin the Ukio admin. a line and everything would be barry.

And why not, they all thought they owed the money to themselves.

[Haymaker]

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the end game is coming.

:lol:

[Dashing Bob S]

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The end game is coming.

Their cakes are baking.