Share Transfers Agreed/Cooling off period

[mjhibby]

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

I doubt Istabraq could as he's been long since retired but not even hurricane fly could.

[Kato]

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So there is a fair chance that these guys are going meet, elect a creditors committee, have a quick vote to see who brings the custard creams to the next meeting and schedule it for about 6 months time when the new creditor committee will have had a chance to see what they are dealing with?

They're doing a damn fine job in difficult circumstances.

[Dashing Bob S]

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This is old news as GreenGinger posted this when the document was issued on the 28th February.

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

The good thing is that the Yams on Kickback won't know or will willfully choose to ignore the difference. So it may be another squandered week of backslapping rather than asking hard questions about the survival of their club.

Never thought that international law and finance could be so damned sexy.

[Jack Hackett]

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While they can't use the money now, the earlier they are on sale, the more they will sell.
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.

It should be added that, like Dunfy, there will probably be no monthly payment option if they sell pre admin exit. it will have to be the full amount in cash....which could scupper plans to shed tears on Bulgarian balconies

[Sergey]

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The good thing is that the Yams on Kickback won't know or will willfully choose to ignore the difference. So it may be another squandered week of backslapping rather than asking hard questions about the survival of their club.

Never thought that international law and finance could be so damned sexy.

Indeed, Bob. The love-in between BDO/FoH and the Lith authorities sort of reminds me of those Russian dating sites, the ones where some unsuspecting Yam thinks he's talking to a glamorous 23-year-old who calls herself "Olga" who communicates messages such as ""I'm very caring person and loving, I will do for you everything to make you feel good." This drags on for a few months until they agree on-line to marry.

The whole episode is obviously too good to be true and unsuspecting Yam is duly scammed for his cash under the premise that she needs a plane ticket to the UK, only this time it's on the never-never of fan ownership.

[Crazyhorse]

[QUOTE=Sergey;3928679]Indeed, Bob. The love-in between BDO/FoH and the Lith authorities sort of reminds me of those Russian dating sites, the ones where some unsuspecting Yam thinks he's talking to a glamorous 23-year-old who calls herself "Olga" who communicates messages such as ""I'm very caring person and loving, I will do for you everything to make you feel good." This drags on for a few months until they agree on-line to marry.

Sort of reminds you.... Do tell Sergey. What happened next? She didn't turn out to be a glamorous 23 year old?

[CropleyWasGod]

[QUOTE=Crazyhorse;3928715]

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Indeed, Bob. The love-in between BDO/FoH and the Lith authorities sort of reminds me of those Russian dating sites, the ones where some unsuspecting Yam thinks he's talking to a glamorous 23-year-old who calls herself "Olga" who communicates messages such as ""I'm very caring person and loving, I will do for you everything to make you feel good." This drags on for a few months until they agree on-line to marry.

Sort of reminds you.... Do tell Sergey. What happened next? She didn't turn out to be a glamorous 23 year old?

Twenty stone transvestite trucker from Tashkent was what I heard.

[Mikey]

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

"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

This should be repeated until they finally get it.

[Mikey]

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I have done plenty research. They can sell them if the need arises.

I would gladly admit I am wrong if you can send me a link to any document that will back you up.

Here it is trumpet heid. From the FOH Q&A in February, not made up by any bitter hobo's

"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."

That's Ian Murray answering that question and he's an MP you know

[Springbank]

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Notification of UAB Valnetas, the Bankruptcy administrator of BAB Ūkio bankas, on convening the first meeting of creditors of BAB Ūkio bankas
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

The sentence after the email address.
Genius.
They've got the jambos number all right

"this email address is protected from spambots"

[Dashing Bob S]

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Here it is trumpet heid. From the FOH Q&A in February, not made up by any bitter hobo's



That's Ian Murray answering that question and he's an MP you know

To be fair to the admittedly very dim polo-head on Kickback, there still is a decent chance that he has done more research than Murray.

[Aldo]

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This should be repeated until they finally get it.

Indeed however they'll have to wait until their mum or a family member that can read gets in and reads it to them and then explains it before their tiny pea brains 'get it'

It's funny who they think that it's a 'Hobo myth' or totally a lie made up by .net when all along the info is from BDO/FOF.

If they cannot see it or hear it from their own then they never will get it IMHO.

Deluded roasters

[Kato]

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Deluded roasters

True, but those words are still inadequate when it comes to quantifying the scale of their delusion and hugeness of the roasterdom.

[Aldo]

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True, but those words are still inadequate when it comes to quantifying the scale of their delusion and hugeness of the roasterdom.

Easy for you to say?? ;-)

[Mikey]

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Indeed however they'll have to wait until their mum or a family member that can read gets in and reads it to them and then explains it before their tiny pea brains 'get it'

It's funny who they think that it's a 'Hobo myth' or totally a lie made up by .net when all along the info is from BDO/FOF.

If they cannot see it or hear it from their own then they never will get it IMHO.

Deluded roasters

Maybe one of his dafty pals will be good enough to copy and paste it over. Most of the rest of this thread has been pasted over there

[Aldo]

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Maybe one of his dafty pals will be good enough to copy and paste it over. Most of the rest of this thread has been pasted over there

They more cut and pasting they do from here the better for .net in the long run. I found one of them online the other day.

Might be Shaun Lawson... Not sure tho.



image-1363813762.jpg

[FranckSuzy]

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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.

That's that f%cked then

[Dashing Bob S]

The Jambo's on Kickback have gone into a strange infantile zone. You feel like a teacher with a delinquent class of educationally subnormal kids, trying to explain that 2+2=4 and getting back comments like 'you smell' etc.

They just aren't grasping things at all. When they liquidate, they will stand looking at each other in bemusement, like the kids who got the arithmetic test paper back with a big F on it, and ask: 'how did that happen?'

[portycabbage]

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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.

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That's that f%cked then

Not only do they have to fill them in properly, but they have to singe them, presumably without burning them completely. And they need pens:

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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.

[Kato]

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Not only do they have to fill them in properly, but they have to singe them, presumably without burning them completely. And they need pens:

If it were pegs I could help out.

All those creditors have been burned already, what's a bit singeing after that?

[FranckSuzy]

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Not only do they have to fill them in properly, but they have to singe them, presumably without burning them completely. And they need pens:

Great spot Ha, ha, ha. What a load of 's they are.

[portycabbage]

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Great spot Ha, ha, ha. What a load of 's they are.

Originally Posted by Craig_in_Prague
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.



See also (2.) above

Although surely this is all directed at creditors rather than those associated with the club itself?

[Sergey]

Haha - One of the their so called 'in crowd' posted:

I have absolutely no idea....

You speak for hundreds of thousands.

Just read .net - PM me if you want and I'll post you my cock...

...cretin!

[monktonharp]

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And here it starts.

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.

excellent stuff westand, and very interesting, having a peek at what the next stage is, for all informed that have been ripped off by this despicable lot. as I see it, the gorgie mob are just a small cog, in the machinery that is about to be dismantled and I like the explanations being given about the forming of a committee. "there must be a representative of bank employees(creditors) appointed. there must be a state representative appointed"(creditors) and I love the bit where it says .......you must have a pen! to sign the form. the number of times I've forgot my pen, to sign this that whatever, does not bear thinking about it also states that the appointed committee can be 5 at least, or 15 at most. I'm hoping it will be the max. could be some right argy bargy going in when they actually sit doon to discuss the mess.

[Nailrod]

[Weststandwanab]

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excellent stuff westand, and very interesting, having a peek at what the next stage is, for all informed that have been ripped off by this despicable lot. as I see it, the gorgie mob are just a small cog, in the machinery that is about to be dismantled and I like the explanations being given about the forming of a committee. "there must be a representative of bank employees(creditors) appointed. there must be a state representative appointed"(creditors) and I love the bit where it says .......you must have a pen! to sign the form. the number of times I've forgot my pen, to sign this that whatever, does not bear thinking about it also states that the appointed committee can be 5 at least, or 15 at most. I'm hoping it will be the max. could be some right argy bargy going in when they actually sit doon to discuss the mess.

You are welcome.

I liked the references to Spambots (I think we should adopt this term) and a pen.

[The Falcon]

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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.

I take it this bit means that nothing will be discussed with regard to the CVA or anything else Hearts related or that matter?

[Weststandwanab]

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I take it this bit means that nothing will be discussed with regard to the CVA or anything else Hearts related or that matter?

That is the way I read it.

[Newry Hibs]

Some questions just to get myself back on track

1) There is a UKIO meeting planned. Why is this significant if it's the UBIG meeting that's important? Maybe it gives an indication of the process and time scale of any future UBIG meetng?

2) What is the significance of 'Bulgarian Balconies'? I seem to have missed this one.

[Craig_in_Prague]

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I take it this bit means that nothing will be discussed with regard to the CVA or anything else Hearts related or that matter?

Exactamundo.