They being who ? Owe = debt = not legal.This quote is hidden because you are ignoring this member. Show Quote
Good shout.This quote is hidden because you are ignoring this member. Show Quote
View Poll Results: What's your preferred outcome from the financial problems over at Yam land?
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Results 40,381 to 40,410 of 47452
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11-03-2014 01:26 PM #40381
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11-03-2014 01:30 PM #40382This quote is hidden because you are ignoring this member. Show Quote
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11-03-2014 01:33 PM #40383This quote is hidden because you are ignoring this member. Show Quote
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11-03-2014 01:35 PM #40384
Can they sell STs without knowing for certain(even though we know) which division they'll be in?
Perhaps now it'd suit them to get relegated asap.
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11-03-2014 01:44 PM #40385
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- May 2002
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So when we pump them 4-0 at the PBS to send them down to the lower leagues, thats the signal to start their ST campaign :)
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11-03-2014 01:51 PM #40386
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- Aug 2007
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11-03-2014 02:00 PM #40387This quote is hidden because you are ignoring this member. Show Quote
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11-03-2014 02:04 PM #40388
On Kickback they are now taking the first tentative steps to seriously discussing the future of their club, and on a thread set up to ridicule Hibs.net.
Looks like our work is done!
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11-03-2014 02:12 PM #40389This quote is hidden because you are ignoring this member. Show Quote
Posted Yesterday, 19:24
We have approx 17000 seats, set prices so that these seats are filled.
The prices would range from £28 for the 7000 twirlers to -£20 for bucket raking Gorgie locals who would go for the price of a good feed.
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11-03-2014 02:13 PM #40390
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- Aug 2007
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11-03-2014 02:13 PM #40391This quote is hidden because you are ignoring this member. Show Quote
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11-03-2014 02:13 PM #40392This quote is hidden because you are ignoring this member. Show Quote
If the Yams went bust on Boxing Day that would have been the official end of their season and punters would have had no legal comeback.
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11-03-2014 02:14 PM #40393This quote is hidden because you are ignoring this member. Show Quote
If they have the balls they would set up a Q&A with FOH or BDO to see exactly where they are but I suspect they're too scared of the answers!
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11-03-2014 02:22 PM #40394This quote is hidden because you are ignoring this member. Show Quote
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11-03-2014 02:23 PM #40395
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- Aug 2007
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11-03-2014 02:34 PM #40396This quote is hidden because you are ignoring this member. Show Quote
The Yam equivalents of Sergey/Bajillions/CWG/etc who have financial/legal expertise and or inside contacts, actually do exist, but are keeping away from Kickback. I've a friend who has close ties with the club and who is an expert on EC international law. When I told him about the Sergey/Bajillions posts on here he said something along the lines of: "I'm finding the whole thing too depressing to look at, and to be honest, I'm basically just ignoring it till we have either the CVA in place or move towards liquidation. But the scenario you've outlined (frozen shares, court inaction, running out of cash) is the by far the most likely. The barriers to the CVA are likely to be huge legal ones and not minor procedural ones, given that the shares form part of the asset base being held as part of a criminal investigation."
It's pretty strange on there now as most have opted to talk about everything other than their club's future, bar the dwindling band of the usual trumpets taking utter nonsense.
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11-03-2014 02:41 PM #40397This quote is hidden because you are ignoring this member. Show Quote
Aye Bob.... There is a simple answer to all that for a yam.... 5-1.... Keep up pal
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11-03-2014 02:42 PM #40398This quote is hidden because you are ignoring this member. Show Quote
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11-03-2014 02:51 PM #40399This quote is hidden because you are ignoring this member. Show Quote
Pink_blanket.jpg
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11-03-2014 02:53 PM #40400This quote is hidden because you are ignoring this member. Show Quote
http://www.ub.lt/en/to-creditors/news/73-notification-of-uab-valnetas-the-bankruptcy-administrator-of-bab-ukio-bankas-on-convening-the-first-meeting-of-creditors-of-bab-ukio-bankas
Hope the link works.
To Yams reading be afraid very afraid.
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11-03-2014 02:55 PM #40401
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11-03-2014 02:57 PM #40402This quote is hidden because you are ignoring this member. Show Quote
Assume they get their CVA and eventually come out of admin a week before the season starts. The chances of them selling 8000 season tickets in a week to people with cash up front is very slim.
The sooner they are on sale the better for them.
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11-03-2014 02:58 PM #40403This quote is hidden because you are ignoring this member. Show Quote
2014-02-28
Dear creditor,
The bankruptcy administrator of the failing AB Ūkio Bankas, legal entity code 112020136 (hereinafter, BAB Ūkio Bankas) hereby notifies you of the convocation of the first meeting of creditors of BAB Ūkio Bankas. The receipt of this letter confirms that your financial claim against BAB Ūkio Bankas has been approved by the final judgement of the Kaunas Regional Court and you are entitled to take part in the meeting of creditors of BAB Ūkio Bankas and express your will by voting on the matters included on the agenda of the meeting in accordance with the procedure prescribed herein and in the ballot paper.
Basic information about the ground for convening the meeting of creditors of BAB Ūkio Bankas, the place and time of the meeting
By the judgement of 2 May 2013, the Kaunas Regional Court initiated bankruptcy proceedings against AB Ūkio Bankas, appointed UAB Valnetas (legal entity code 135778275, authorisation for provision of bankruptcy administration services No. 69) to be the bankruptcy administrator ofBAB Ūkio Bankas, with Gintaras Adomonis (bankruptcy administrator qualification certificate No. 427c) as an authorised person, tel.: (8 37) 20 27 22, fax.: (8 37) 20 27 40, e-mail: [email protected] email address is being protected from spambots. You need JavaScript enabled to view it. . The Kaunas Regional Court’s judgement initiating bankruptcy proceedings came into effect on 7 June 2013.
By the judgement of 17 October 2013, the Kaunas Regional Court confirmed the list of creditors of BAB Ūkio Bankas and their financial claims. On 11 February 2014, the Court of Appeal of Lithuania by its final judgement rejected the complaints regarding the approval of the financial claim of the State undertaking Deposit and Investment Insurance (VĮ Indėlių ir Investicijų Draudimas), constituting more than half of the total financial claims lodged against the Bank.
In the light of the above circumstances and referring to Article 22 of the Enterprise Bankruptcy Law, please be informed that the first meeting of creditors of BAB Ūkio Bankas will be held on 18 March 2014 (Tuesday) at 10:00 a.m., at the following address: Kovo 11 – osios g. 26, Kaunas (in the hall of the Girstutis Culture Centre (Girstučio kultūros centras)). The registration of participants begins at 09:00 a.m.
Agenda of the meeting of creditors of the Bank and voting on the matters on the agenda
The purpose of the first meeting of creditors being convened is to elect the committee of creditors of BAB Ūkio Bankas, which, referring to Article 85(6) of the Law of the Republic of Lithuania on Banks, may enjoy all the rights granted by the Enterprise Bankruptcy Law of the Republic of Lithuania to the creditors’ meeting (except for the right to form and change the composition of the creditors’ meeting). Therefore, the first meeting of creditors of the Bank will consider the following agenda, where resolutions on the agenda matters will be taken in voting by the creditors:
1.Electing the secretary and the chairman of the meeting of creditors;
2.Determining the number of members of the creditors’ committee of BAB Ūkio Bankas;
3.Electing the members of the creditors’ committee of BAB Ūkio Bankas.
Referring to Article 85(6) of the Law on Banks and Article 25 of the Enterprise Bankruptcy Law, the creditors’ committee of the Bank must have at least 5 members and not more than 15 members. The State undertaking Deposit and Investment Insurance (VĮ Indėlių ir Investicijų Draudimas) must be one of the members of the creditors’ committee. The representative of the Bank’s employees authorised to defend employment-related claims must be elected to the creditors’ committee.
Draft resolutions on the agenda matters proposed by the bankruptcy administrator are specified in the enclosed ballot paper for written voting.
Creditors may vote in writing on the matters included on the agenda, by filling in the enclosed ballot paper for written voting. Witten votes will be included in the voting for the resolutions adopted at the creditors’ meeting. The ballot paper for written voting may be delivered in two ways:
1.by 12 March 2014 (inclusive), sending a properly filled in and singed ballot paper to BAB Ūkio Bankas by mail to the following address: Maironio g. 26/Laisvės al. 80, Kaunas. All ballot papers received by BAB Ūkio Bankas after 17:00 p.m. on 17 March 2014 will not be included in the voting results;
2.by 12 March 2014 (inclusive), serving a properly filled in and singed ballot paper to BAB Ūkio Bankas upon arrival at the bank, at the following address: Maironio g. 26/Laisvės al. 80, Kaunas. Ballots may be delivered within the established time limit on business days from 9:00 a.m. till 12:00 p.m. and from 13:00 p.m. till 17:00 p.m. Upon arrival at BAB Ūkio Bankas, the creditor must have a personal identification document.
The Bank’s creditors are entitled to submit draft resolutions proposed by them with respect to the matters on the agenda to be voted at the first meeting of creditors by 12 March 2014, 17:00 p.m. Proposals may be submitted by filling in the ballot paper for written voting (unless the creditor attends the meeting) or by submitting a written proposal on the matter included on the agenda (if the creditor attends the meeting and/or does not wish to vote in writing). Proposals for the agenda must be submitted following the same procedure as in the event of the ballot paper for written voting. The creditor may propose to vote and the meeting will vote only for the whole composition of the creditors’ committee (not for individual members of the committee).
The course and the procedure of the meeting.
Upon arrival at the meeting of creditors, please have with you:
1.a personal identification document (passport, identity card);
2.a proxy if you represent a natural or legal person (if you represent other natural person, a proxy certified by a notary public; if you represent a legal person, a proxy issued by a representative of the legal person; attorneys-at-law representing a natural or legal person must have the representation agreement);
3.a pen for filling in a ballot paper.
The bankruptcy administrator of the Bank by his decision establishes the following procedure of the expected meeting of creditors:
•Registration of the participants of the meeting begins at 09:00 a.m.;
•The meeting of creditors begins at 10:00 a.m. and the agenda and the procedure of the meeting is presented;
•The participants of the meeting adopt resolutions on the agenda matters by voting;
•The review of actions carried out in the bankruptcy proceedings against the Bank is presented (no voting takes place);
•The meeting is closed.
Please note that you are not obliged to participate and vote at the meeting of creditors of BAB Ūkio Bankas, you should decide yourself as to the participation and voting in the meeting. Your choice not to participate and/or vote at the meeting will not affect your financial claim and/or its satisfaction in accordance with the procedure prescribed by law. No issues relating to the satisfaction of claims or sale of the assets of BAB Ūkio Bankas or any other matters, with the exception of those specified in the agenda provided for herein, will be considered in the meeting of creditors being convened.
ENCLOSED: Ballot paper for written voting in the first meeting of creditors of BAB Ūkio Bankas.
Sincerely
Gintaras Adomonis,
Authorised person of UAB Valnetas, the bankruptcy administrator of BAB Ūkio Bankas
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11-03-2014 03:01 PM #40404This quote is hidden because you are ignoring this member. Show Quote
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11-03-2014 03:01 PM #40405This quote is hidden because you are ignoring this member. Show Quote
Ahh.... That's the very one!! How something so small and insignificant can take all your troubles away. Thanks Craig....
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11-03-2014 03:02 PM #40406This quote is hidden because you are ignoring this member. Show Quote
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11-03-2014 03:07 PM #40407
Lithuanians are very concerned about the events unfolding in Ukraine and fear they might be next in line for Russian tanks rolling in. Yams don't do themselves any favours by incessantly lauding "King Vlad" and his "proud" Russian origins. Lithuanians in fear of their national security won't be worried about unfreezing shares and passing a CVA, especially when the Jambos worship a Russian Submariner who looted their banks.
http://www.miamiherald.com/2014/03/0...-takeover.html
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11-03-2014 03:10 PM #40408
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11-03-2014 03:10 PM #40409
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- Mar 2007
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- Father Noel Furlong
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As has been mentioned, this is nothing more than an election of the creditors committee - the exact same thing needs to happen with UBIG and as yet, there's no mention of their initial meeting taking place.
#allverycomplex
#allverytimeconsuming
#freezerstillon
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11-03-2014 03:53 PM #40410This quote is hidden because you are ignoring this member. Show Quote
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