Share Transfers Agreed/Cooling off period

[Alex Trager]

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You did... It was a quote from BDO, looks like they've managed to eek out their finances a wee bit longer.

Mind you, you know what BDO are like with dates, the coming out of admin date has been pushed back countless times! :D

So it's been moved back?

[CropleyWasGod]

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You did... It was a quote from BDO, looks like they've managed to eek out their finances a wee bit longer.

Mind you, you know what BDO are like with dates, the coming out of admin date has been pushed back countless times! :D

BDO are accountants, and they are always going to be conservative.

I have little doubt that they will see out the season, even if that means getting an advance from the SPFL.

[CropleyWasGod]

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So it's been moved back?

Don't think BDO have ever actually given an exact date for coming out of admin.

[TrinityHibs]

Did BDO not say they were going to run out of money before the end of the season when they were encouraging the windae lickers to add dozens to the attendances at home games?

[CropleyWasGod]

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Did BDO not say they were going to run out of money before the end of the season when they were encouraging the windae lickers to add dozens to the attendances at home games?

They did, but that encouraged the windae lickers......

[Gus Fring]

Had a look on Kickback to see if they've quoted my post. They haven't, which is good. They are still arguing about whether BDO can and will sell Season Tickets though. Their so called saviour has confirmed it won't happen but they still don't want to believe it, probably because it's been stated as a fact on here.

[Glesgahibby]

I think its a good time to remember the following,
1)UBIG creditors meeting(still no announcement)30days notice required.
2)Court hearing(if and when creditors meeting agrees shares sale)to attempt to unfreeze shares.
3)28 days cooling off period(if 1 and 2 go in there favour)for any legal appeal.
So 58 days + court procedures = 58 days + a long time
Its also worth remembering that no 2 is the most important part of this equation(the elephant in the room,the media taboo and the hurdle that budgie refers to)
Time is running out,the spin machine is grinding to a halt and the clock is tick tocking away

[Juice-Terry]

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I think its a good time to remember the following,
1)UBIG creditors meeting(still no announcement)30days notice required.
2)Court hearing(if and when creditors meeting agrees shares sale)to attempt to unfreeze shares.
3)28 days cooling off period(if 1 and 2 go in there favour)for any legal appeal.
So 58 days + court procedures = 58 days + a long time
Its also worth remembering that no 2 is the most important part of this equation(the elephant in the room,the media taboo and the hurdle that budgie refers to)
Time is running out,the spin machine is grinding to a halt and the clock is tick tocking away

This really has had NO impact on the general Gorgie consciousness, has it? Staggering.

[Dashing Bob S]

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You did... It was a quote from BDO, looks like they've managed to eek out their finances a wee bit longer.

Mind you, you know what BDO are like with dates, the coming out of admin date has been pushed back countless times! :D

Ignore the bitter rantings of BDO. The 5-1 hurt is strong within them.

[Waxy]

So if the season starts in early August and they need 58 days after the meeting to come out admin. Then the meeting must be by/before early June or they start with a 15 point deduction again.

[Dashing Bob S]

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Had a look on Kickback to see if they've quoted my post. They haven't, which is good. They are still arguing about whether BDO can and will sell Season Tickets though. Their so called saviour has confirmed it won't happen but they still don't want to believe it, probably because it's been stated as a fact on here.

Although Budge has said it won't happen, it seems more important for them to prove that they 'could if they wanted to' rather than address the fact that their club is slipping into oblivion.

It's an astonishing and quite scary case study of groupthink and the human propensity towards denial.

[HUTCHYHIBBY]

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I think its a good time to remember the following,
1)UBIG creditors meeting(still no announcement)30days notice required.
2)Court hearing(if and when creditors meeting agrees shares sale)to attempt to unfreeze shares.
3)28 days cooling off period(if 1 and 2 go in there favour)for any legal appeal.
So 58 days + court procedures = 58 days + a long time
Its also worth remembering that no 2 is the most important part of this equation(the elephant in the room,the media taboo and the hurdle that budgie refers to)
Time is running out,the spin machine is grinding to a halt and the clock is tick tocking away

Since Cheltenham starts today its got to be said "I think even Istabraq would struggle to clear these hurdles!"

[greenginger]

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I think its a good time to remember the following,
1)UBIG creditors meeting(still no announcement)30days notice required.
2)Court hearing(if and when creditors meeting agrees shares sale)to attempt to unfreeze shares.
3)28 days cooling off period(if 1 and 2 go in there favour)for any legal appeal.
So 58 days + court procedures = 58 days + a long time
Its also worth remembering that no 2 is the most important part of this equation(the elephant in the room,the media taboo and the hurdle that budgie refers to)
Time is running out,the spin machine is grinding to a halt and the clock is tick tocking away

Next Tuesday's first meeting of the UKIO Bankas creditors will be interesting.

If there are no major disagreements and a committee is elected , when do they intend to actually start the work of considering various options and approving/rejecting things such as the Yam CVA.

If they agree to get together again some time in May/June then its goodbye Jambos.

[Glesgahibby]

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This really has had NO impact on the general Gorgie consciousness, has it? Staggering.

Years and years of delusion have led to denial and ignorance.
It really is "staggering"especially on nowayback that the vast majority use 5-1 as some sort magic wand to sooth there fears.
They can deny all they like but they must(to a man/lady)
BE *****T!N IT !! BIG TIME !!!

[Glesgahibby]

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Next Tuesday's first meeting of the UKIO Bankas creditors will be interesting.

If there are no major disagreements and a committee is elected , when do they intend to actually start the work of considering various options and approving/rejecting things such as the Yam CVA.

If they agree to get together again some time in May/June then its goodbye Jambos.

Forgot all about that

[Glesgahibby]

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Since Cheltenham starts today its got to be said "I think even Istabraq would struggle to clear these hurdles!"

I had a fiver each way on Portsmouth

[Gus Fring]

Another head in the sander from Kickback (I simply cannot resist)

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This is a Hobo lie regarding not being able to sell tickets.

Just a reminder of where the info actually comes from.

Graham Duncan ‏@RemvoxScotland Feb 21
@The_FOH #askian When are season tickets likely to go on sale?

Foundation of Hearts ‏@The_FOH Feb 21
Ian: Nothing can happen till club out of admin, and we know what division we are in. Club currently working on.

Foundation of Hearts ‏@The_FOH Feb 21
Ian: As stated earlier, STs only on sale post-admin, and once we know what division. Club / BIDCO working on plan.

All Hobo lies. Does this mean that Ian Murray is actually a Hibs fan? That would certainly explain the fact his office is painted green

[Kato]

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Another head in the sander from Kickback (I simply cannot resist)



Just a reminder of where the info actually comes from.




All Hobo lies. Does this mean that Ian Murray is actually a Hibs fan? That would certainly explain the fact his office is painted green

They're a bunch of weirdos, if it were posted on this thread that the earth is round I've no doubt the Flat Earth Society would find some monthly direct debits coming their way.

[HUTCHYHIBBY]

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Does this mean that Ian Murray is actually a Hibs fan? That would certainly explain the fact his office is painted green

I effin hope not! :-)

[Sergey]

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Another head in the sander from Kickback (I simply cannot resist)



Just a reminder of where the info actually comes from.




All Hobo lies. Does this mean that Ian Murray is actually a Hibs fan? That would certainly explain the fact his office is painted green

That's pretty much game, set and match as far as that argument goes

Simply because of their sheer ignorance, the welts deserve everything that's coming to them.

[GreenLake]

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Isn't it Bayern's boss, rather than the club itself?

Yes

[Moulin Yarns]

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No-one with any credence said that they would be dead in November.

So it must have been Danny Alexander then.

[CropleyWasGod]

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So it must have been Danny Alexander then.

Ohhh.... thread hijack..... clawing fingers back from keyboard before we veer off into another topic entirely.....

[JeMeSouviens]

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Just a reminder of where the info actually comes from.
All Hobo lies. Does this mean that Ian Murray is actually a Hibs fan? That would certainly explain the fact his office is painted green

There's no legal reason for them not to sell STs in admin though, is there? It's purely a tactical choice by Budgie, BDO & The Muppets, isn't it?

Personally, I think they'll be forced down that route in a few weeks time. They'll surely only push the Big 'L' button if they get unequivocal news of a continuing ice age.

[Weststandwanab]

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So it must have been Danny Alexander then.

Was it not Douglas Alexander ?

[Gus Fring]

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There's no legal reason for them not to sell STs in admin though, is there? It's purely a tactical choice by Budgie, BDO & The Muppets, isn't it?

Personally, I think they'll be forced down that route in a few weeks time. They'll surely only push the Big 'L' button if they get unequivocal news of a continuing ice age.

A little from column A, a little from column B

My understanding is they can't sell them and use the money without knowing they will 100% be able to honour the commitment. If they do sell them then the money should be ring fenced (as happened at Dunfermline) so that in the event they don't make the start of the season that, let's be generous and say 10,000 Hearts fans, don't get stiffed out of circa £250 each.

I believe that legally you can't create new creditors whilst in admin (I might log in as my other name, CropleyWasGod in a minute and confirm) and that's exactly what selling season tickets would create. They definitely can't offer a payment plan.

It's also tactical. The FOH business plan need that money more than anything else to work. Without it, the whole plan is doomed from the start. They can't keep spending next seasons money before the current one is over otherwise they'll never recover.

[Moulin Yarns]

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Was it not Douglas Alexander ?

[bingo70]

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A little from column A, a little from column B

My understanding is they can't sell them and use the money without knowing they will 100% be able to honour the commitment. If they do sell them then the money should be ring fenced (as happened at Dunfermline) so that in the event they don't make the start of the season that, let's be generous and say 10,000 Hearts fans, don't get stiffed out of circa £250 each.

I believe that legally you can't create new creditors whilst in admin (I might log in as my other name, CropleyWasGod in a minute and confirm) and that's exactly what selling season tickets would create. They definitely can't offer a payment plan.

It's also tactical. The FOH business plan need that money more than anything else to work. Without it, the whole plan is doomed from the start. They can't keep spending next seasons money before the current one is over otherwise they'll never recover.

Could it not just be added to the pot for the money they owe budge?

[Gus Fring]

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Could it not just be added to the pot for the money they owe budge?

I don't think so. What happens if she never takes over?

[Gus Fring]

Heres the disclaimer BDO used when Dunfermline tickets were put on sale in May last year

IMPORTANT INFORMATION FROM BDO LLP
For the protection of all supporters, all revenue generated from the sale of Season Tickets for season 2013/14, will be ring fenced and held separately by BDO LLP. In the event of DAFC Limited being liquidated all monies will be returned to supporters by BDO LLP. In the event of DAFC Limited exiting administration through a Creditors Voluntary Arrangement, then all monies will be released to the new owners of DAFC Limited as working capital.