Share Transfers Agreed/Cooling off period

[CropleyWasGod]

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Gassman should share that liability since he aids in promoting BJ's rights to carry out this new scam to fleece the maroon dupes yet another time.

BJ has the right to do it. Think the point is that he would be opening himself and BDO up to all kinds of schecht if he did.

There's "rights" and there's "commercial daftness".

[Waxy]

What worries me is if they get to the point when cash runs out, could purple pants not just gift them the cash to see them through?
If I had 40 mil and we needed it, i'd give and i'm sure most Hibbys would.

[CropleyWasGod]

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What worries me is if they get to the point when cash runs out, could purple pants not just gift them the cash to see them through?
If I had 40 mil and we needed it, i'd give and i'm sure most Hibbys would.

See them through what?

One of the reasons she has so much cash is that she doesn't give it out to just any sick animal......

[Jack Hackett]

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You mean to say they lied where the money was going

Judging by subsequent admissions by Mr Fedotovas, that the original intended benefactors of the supporters largesse were actually a secondary consideration behind HMRC, then I'm afraid the answer to your question would have to be 'yes'....but they're used to that, so no harm done

[grammyb111]

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Judging by subsequent admissions by Mr Fedotovas, that the original intended benefactors of the supporters largesse were actually a secondary consideration behind HMRC, then I'm afraid the answer to your question would have to be 'yes'....but they're used to that, so no harm done

So sad, such nice people as well, what did they do to deserve being treated so horribly...

[Waxy]

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See them through what?

One of the reasons she has so much cash is that she doesn't give it out to just any sick animal......

See them through to make ends meet. Though we'd need the hubble telescope to see where the next end is for them.

[Fat Penlon]

Wouldn't it be the dugs baws if they were liquidated on the day this thread reached page 1986. :-)

[Jack Hackett]

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So sad, such nice people as well, what did they do to deserve being treated so horribly...

I'm afraid their naivety and gullibility marks them as targets to all sorts of devious and unscrupulous personages. It doesn't help that their general lack of intelligence clearly indicates that they are 'ripe for the picking'

Gormless MUGS, in other words

[Leithenhibby]

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What worries me is if they get to the point when cash runs out, could purple pants not just gift them the cash to see them through?
If I had 40 mil and we needed it, i'd give and i'm sure most Hibbys would.

It was stated some time back that she ain't got 40 mill........ Or have I got that wrong?.

Either way, she ain't about to throw it at them as far as I'm concerned

Would purple pants not be better just waiting in the wings to pick up the scraps, once it hits the fan?....

[greenginger]

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If they release all players, they'd have to shut the doors. They aren't allowed to sign anyone.

The SPFL money is due at the end of the season. That could tide them over for a wee while, but I think the £535k football debt has to be deducted first.

What would happen in the event of a majority of their players refusing new contracts ?

I'm pretty sure most are up for renewal in the summer, don't tell me its going to even younger boys being exposed to health and safety risks next season.

[Ozyhibby]

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Wouldn't it be the dugs baws if they were liquidated on the day this thread reached page 1986. :-)

19th May would be funny.

[Ozyhibby]

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What would happen in the event of a majority of their players refusing new contracts ?

I'm pretty sure most are up for renewal in the summer, don't tell me its going to even younger boys being exposed to health and safety risks next season.

It's already in the rules that they can replace players that leave at the end of their contracts as long as the new player earns less and is approved by the SPFL.

[Leithenhibby]

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Wouldn't it be the dugs baws if they were liquidated on the day this thread reached page 1986. :-)

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19th May would be funny.

Yeah, I'll go with 19th May.

[Seveno]

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Wouldn't it be the dugs baws if they were liquidated on the day this thread reached page 1986. :-)

I'd go for the irony of page 1902. It would almost be as much fun as us winning the cup.

[jonny]

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I'd go for the irony of page 1902. It would almost be as much fun as us winning the cup.

You've taken that too far

[GreenLake]

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See them through to make ends meet. Though we'd need the hubble telescope to see where the next end is for them.

The yams must use the Hubble telescope backwards to view their situation over at bendback.

[lucky]

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What worries me is if they get to the point when cash runs out, could purple pants not just gift them the cash to see them through?
If I had 40 mil and we needed it, i'd give and i'm sure most Hibbys would.

I think that's the reason why you'll never have £40m. We have enough problem getting fans to part with £380 for a ST

[Weststandwanab]

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It was stated some time back that she ain't got 40 mill........ Or have I got that wrong?.

Either way, she ain't about to throw it at them as far as I'm concerned

Would purple pants not be better just waiting in the wings to pick up the scraps, once it hits the fan?....

She had circa £25m after tax, she will not throw it away and will probably pick it up debt free after the big L for relatively little.

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19th May would be funny.

Now that would be funny.

[Dashing Bob S]

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It's the bit about the Lithuanian Court approval that goes right over the happy clappers heads over by, and has been systematically hidden in the small print of all the 'good news' press releases and emails from BDO, FoH and Anne Budge.

The 'rubber stamp' they are eagerly anticipating is strictly between 2/3 sets of administrators about transfer of the shares. When/if that finally happens, the real hurdle of getting Court approval awaits. This would entail more 'meetings' and court hearings at dates even further away than the still unscheduled UBIG meeting. I would fully expect those involved in the criminal investigation to oppose the transfer of the shares, and then to appeal any decision in BDO's favour should the transfer be approved.

The timescale for ALL of this to happen is not in hertz favour

Tick Tock

I don't think there are any left, just a few demented bams frothing on about 5-1 bitterness as they head for them rocks.

It's one of the few scenarios I've seen where ALL the news is as BLEAK AS IT CAN BE and the whichever way the cards fall is going to hurt really badly and for a long time.

If I were a Jamtard I'd be buying stocks of the 5-1 video, as the existing copies are going to be worn out to get them through the desperate times ahead.

[Crazyhorse]

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I do like this old beauty from back in August:

1 HMFC Limited's bid will provide a new 25,000 capacity stadium as a valuable income generator for the Hearts over the next 30 years.
2 There is no need for fans to dip into their pockets.
3 The ownership will be in the hands of local Hearts supporters.
4 Hearts fans will be represented on the new BoD.
5 Tynecastle will be retained for posterity and developed like Highbury, retaining Hearts HQ, conference & exhibition facilities and museum etc in a newly modified main stand.
6 The three stands will be dismantled and sold to Knockhill Racing Circuit.
7 The ground will be tastefully developed into an open space with surrounding 'terracing' available for former fans ashes and a memorial fountain in the centre circle.
8 The funding will come from new money generated by the stadium.
9 Bob Jamieson has worked on this proposal for over two years.
10 He has also instructed three top QCs and an advocate at Ampersand to provide a report on the possibility of a successful application to join the English Championship. Their report was ready in May and the advice is that the application would be 99% successful

That is fantastic in the true sense of the word!

[Aldo]

It's actually quite funny cos the roasters on Brokeback think we or should I say CWG/Sergey and Bajillions are making this all up and it's a .net/hobo myth that we've made up.

But in reality it's what's actually happened/happening.

As someone mentioned the other day there is not a lot of positive vibes/spin coming out of the PBS with BJ/FOF and in particular from Banderson. In fact it's all gone quiet.

For you roasters looking in this is all pleasing.

Tick tick with every passing minute and hour of everyday you move a step closer to the big L.

[Kojock]

Oh it's all gone quiet over there, Oh it's all gone quiet over there, Oh it's all gone quiet, all gone quiet, all gone quiet over there. FTH

[Jack]

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What worries me is if they get to the point when cash runs out, could purple pants not just gift them the cash to see them through?
If I had 40 mil and we needed it, i'd give and i'm sure most Hibbys would.

The original figure quoted in the papers was £40m.

Just before they realised having a single owner with lots of dosh wouldn't go down well in Lithuania this popped up to £70m (probably Barry but I couldn't confirm that :-) before they started saying things like capital gain tax and whatnot from the original £40m left pauper Budgie with around £25m.

I hope this helps :-)

[MM19]

If they get liquidated does the PBS automatically go on the open market as this didn't happen with Ibrox (or did it)? As they seemed to get it and the training ground from about £2m or £4m

[Leithenhibby]

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She had circa £25m after tax, she will not throw it away and will probably pick it up debt free after the big L for relatively little.

Now that would be funny.

I think most of us wouldn't begrudge her that one!

[Ozyhibby]

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If they get liquidated does the PBS automatically go on the open market as this didn't happen with Ibrox (or did it)? As they seemed to get it and the training ground from about £2m or £4m

It was a condition of the CVA offer that if it was turned down then the assets would transfer to Sevco 5088 for £5.5m

[CropleyWasGod]

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If they get liquidated does the PBS automatically go on the open market as this didn't happen with Ibrox (or did it)? As they seemed to get it and the training ground from about £2m or £4m

Different situations.

With RFC the CVA had a Plan B in case it wasn't passed.

With HMFC there is no Plan B

[grunt]

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It was a condition of the CVA offer that if it was turned down then the assets would transfer to Sevco 5088 for £5.5m

Which always seemed a highly dodgy agreement to me.

[MM19]

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It was a condition of the CVA offer that if it was turned down then the assets would transfer to Sevco 5088 for £5.5m

Thanks I wondered how they had got the stadium etc for such a low amount and was a bit worried the yams could do the same with the PBS

[MM19]

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Different situations.

With RFC the CVA had a Plan B in case it wasn't passed.

With HMFC there is no Plan B

Thanks it makes sense now just as well they haven't got a plan B