Share Transfers Agreed/Cooling off period

[jacomo]

This quote is hidden because you are ignoring this member. Show Quote

It still does not give them the shares.

Indeed not. Nor does it progress things on at all.

[HIBERNIAN-0762]

This quote is hidden because you are ignoring this member. Show Quote

[Hermit Crab]

So after today are they any further forward to coming out of admin, that is the question???

[Gus Fring]

This quote is hidden because you are ignoring this member. Show Quote

So after today are they any further forward to coming out of admin, that is the question???

No. If anything they are less further forward. Another day passed with no movement means another day closer to liquidation

[Dashing Bob S]

I can honestly say that after today I am more optimistic and upbeat about the future of Hearts than ever.

[GreenLake]

Sideshow Bob might be getting a consortium together for a liquidation sale. That might be the only route for some Jambo supporter representation since Budge is taking 100% control if the CVA goes through. Liquidation might not be as bad an option for the pioneers of fan ownership.

[blackpoolhibs]

This quote is hidden because you are ignoring this member. Show Quote

I can honestly say that after today I am more optimistic and upbeat about the future of Hearts than ever.

[Gus Fring]

This quote is hidden because you are ignoring this member. Show Quote

Sideshow Bob might be getting a consortium together for a liquidation sale. That might be the only route for some Jambo supporter representation since Budge is taking 100% control if the CVA goes through. Liquidation might not be as bad an option for the pioneers of fan ownership.

I doubt it. He couldn't provide proof of funding to BDO it's unlikely he'd be able to provide it to a liquidator. He'd need to raise a lot more money as well

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

TBH, no idea, but if you were a Hearts supporter you'd probably see a wee glimmer of hope in that statement, as it indicates a willingness to accept the CVA.

There is also a high probability that the bank will recover part of the loan if HMFC are liquidated though, so maybe a little early to celebrate.

If there is a willingness, it's on the part of the administrator. Accepting it would make his job easier.

However, it's not his call. It's effectively, the State Insurance people who will decide.

[Kato]

This quote is hidden because you are ignoring this member. Show Quote

I can honestly say that after today I am more optimistic and upbeat about the future of Hearts than ever.

There's still the (outside) chance that slime will win the day. That "hooligan/chemical spillage/asbestos ridden section in the agenda for today's non-event shows that slime is seeping in the background. How anyone can be so gullible as to think that those aspects would scupper selling the land on is beyond me. Saying that those working on the Lithuanian side will hard-nosed, so maybe their slime is just stringing the plums slime along before whipping the carpet from underneath them.

Heart of Midlothian, the Arse and Hole of Edinburgh.

[Hermit Crab]

This quote is hidden because you are ignoring this member. Show Quote

No. If anything they are less further forward. Another day passed with no movement means another day closer to liquidation

Good

This quote is hidden because you are ignoring this member. Show Quote

I can honestly say that after today I am more optimistic and upbeat about the future of Hearts than ever.

I'm wet also

This quote is hidden because you are ignoring this member. Show Quote

There's still the (outside) chance that slime will win the day. That "hooligan/chemical spillage/asbestos ridden section in the agenda for today's non-event shows that slime is seeping in the background. How anyone can be so gullible as to think that those aspects would scupper selling the land on is beyond me. Saying that those working on the Lithuanian side will hard-nosed, so maybe their slime is just stringing the plums slime along before whipping the carpet from underneath them.

Heart of Midlothian, the Arse and Hole of Edinburgh.

Effing hope not.

[Kato]

This quote is hidden because you are ignoring this member. Show Quote

Sideshow Bob might be getting a consortium together for a liquidation sale. That might be the only route for some Jambo supporter representation since Budge is taking 100% control if the CVA goes through. Liquidation might not be as bad an option for the pioneers of fan ownership.

On the face of it a pretty good outcome for them, even though they'd lose their SPFL place and zero guarantee they'd be parachuted into the 4th tier a bit too late for it all to happen really. Sideshow owning their hovel with A Budge owning the club with no in which to ply their trade would be funny though, instant emergency with loads of official sounding meetings; cardigans, minute books and headed notepaper flying all over the place.

[Kato]

This quote is hidden because you are ignoring this member. Show Quote

Effing hope not.

Never underestimate slime - even low-grade slime like what they have got {yes Lord Faults, I'm looking at you}.

[Pedantic_Hibee]

Allow me to chuck in my prediction....they won't be liquidated.

[Dashing Bob S]

This quote is hidden because you are ignoring this member. Show Quote

There's still the (outside) chance that slime will win the day. That "hooligan/chemical spillage/asbestos ridden section in the agenda for today's non-event shows that slime is seeping in the background. How anyone can be so gullible as to think that those aspects would scupper selling the land on is beyond me. Saying that those working on the Lithuanian side will hard-nosed, so maybe their slime is just stringing the plums slime along before whipping the carpet from underneath them.

Heart of Midlothian, the Arse and Hole of Edinburgh.

I remain optimistic that liquidation will eradicate the long standing slime problems in this area.

[Weststandwanab]

This quote is hidden because you are ignoring this member. Show Quote

Allow me to chuck in my prediction....they won't be liquidated.

Allow me mine They will get liquidated.

[NorthNorfolkHFC]

ImageUploadedByTapatalk1395173720.498786.jpg

I thought this was taken fresh after the balotelli brothers recent sexual shenanigans.

However, somebody just informed them that Hearts were exiting admin.


"Kommen sie bitte und listen to Kraftwerk!"

[Pedantic_Hibee]

This quote is hidden because you are ignoring this member. Show Quote

Allow me mine They will get liquidated.

I hope you win the title in our two-man prediction league.

[GreenLake]

This quote is hidden because you are ignoring this member. Show Quote

Allow me mine They will get liquidated.

I think they will be liquistrated and become the financial eunuchs of Scottish Football.

[Dashing Bob S]

I confidently believe Hearts will exit administration at the end of this season.

[Kato]

This quote is hidden because you are ignoring this member. Show Quote

I confidently believe Hearts will exit administration at the end of this season.

....and the asbestos door will hit them on their wiy oot.

[weonlywon6-2]

This quote is hidden because you are ignoring this member. Show Quote

Allow me to chuck in my prediction....they won't be liquidated.

i doubt it as well,ann budge is in the background with the money to help them through,disappointing though

[SurferRosa]

This quote is hidden because you are ignoring this member. Show Quote

i doubt it as well,ann budge is in the background with the money to help them through,disappointing though

She would have to kiss goodbye to the cash then as while they are in administration, my understanding is that BDO cant take on any debt. Given the conditions she`s placed on her 'prospective' loan already, i`d doubt if she`d be willing to just piss away a few hundred grand.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

i doubt it as well,ann budge is in the background with the money to help them through,disappointing though

Through to what?

[Weststandwanab]

This quote is hidden because you are ignoring this member. Show Quote

I hope you win the title in our two-man prediction league.

Thank you I appreciate the support.

This quote is hidden because you are ignoring this member. Show Quote

I confidently believe Hearts will exit administration at the end of this season.

And go straight to the big L ?

This quote is hidden because you are ignoring this member. Show Quote

i doubt it as well,ann budge is in the background with the money to help them through,disappointing though

She may well be the main beneficiary of Liquidation.

[Www1875hfc]

This quote is hidden because you are ignoring this member. Show Quote

I confidently believe Hearts will exit administration at the end of this season.

Liquidation 1.jpg

[kdhibees1]

[Seveno]

This quote is hidden because you are ignoring this member. Show Quote

Saw this snippet from today's meeting. Anyone know what it means.
Sounds Scottish football club Hearts managing the company's "Heart of Midlothian Plc Debt Economy Bank seeks to 61.6 million. LTL. All interested parties are covered by the decision of the creditors' peaceful way of an agreement. High probability that the bank will recover part of the loan.

I am am not convinced that anyone has explained this away yet. Can we have an explanation as to why this is not potentially good news for the yams.

[CropleyWasGod]

This quote is hidden because you are ignoring this member. Show Quote

I am am not convinced that anyone has explained this away yet. Can we have an explanation as to why this is not potentially good news for the yams.

What is contained in that report is the administrator's view.

It's not his call, though, whether the CVA is approved. That's down to the main creditor of UKIO, the State insurance chappies.

[Kato]

This quote is hidden because you are ignoring this member. Show Quote

State insurance chappies.

For all those lovely Hearts fans looking in...
The above are the people you have to address as "Mr/Mrs" for the time being.