Share Transfers Agreed/Cooling off period

[Ronniekirk]

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I have been of that opinion since the start of the season because, IMO, they will simply run out of cash.

CWG and others has, on occasion, made excellent points which have caused me to pause and think but am still of the same opinion the only way forward is the big L unless Budge opens the purse strings and, in my experience, people with her wealth are not known for acts of financial folly.

To the large number of Yam visitors, wake up, get Plan B out of the closet and get going with Newco Jambos which hopefully will see derbies return in a few seasons.

Don't think they will run out of cask as home game this week and derby hot on its heels If they get to split the consensus has been somehow there will be the will to make sure fixtures get completed So I think big L wouldn't happen till then and they will be planning for this depending on Brian Jackson s trip to Lithuania which unsurprisingly hasn't had a lot of coverage as there isn't a lot to Report .

[HappyAsHellas]

This is the google translate translation which gives the general gist of things: (Romanov in hiding, one unholy mess!)


For twelve thousand litas An Bank shares acquired from Kaunas middle age has not been admitted to the creditors' meeting , which began on Tuesday morning Kaunas " Girstutis theater hall.
It turned out that it was reported about the meeting or about the procedure to get the list of creditors . Most version lryts.lt interviewed depositors, even former employees of the Bank of Economy said with little hope to recover the money and threw the criticisms of a former Bank An investment group ( ŪBIG ) Vladimir Romanov .

The meeting must elect a creditors' committee of 7 members.

Even the 5 local creditors' committee under the state company Deposit and Investment Insurance. Market Committee members will also be offered Bank An employee representative and Sarunas Kraujalis company " Lifodas .

Kaunas district court bankruptcy proceedings Economy Bank raised the 2013 May 2nd. Last year, on October 17, the same court upheld the bank's overall financial creditors and the amount, which represents 1,439 billion . LTL .

The largest part of the financial requirements of the obligations of the second row to the creditor state company Deposit and Investment Insurance - 801 million . LTL .

One Economy 's ownership , the controversial businessman Vladimir Romanov , who is going to bring the prosecution allegations , currently in hiding abroad . ˙

He spared no criticism , and many of the creditors' meeting on Tuesday hurrying to depositors .

"For all the family savings shares purchased for 30 thousand , it is unlikely they will get back to the end of his life , if it is designed in such a way as Snoras case - feared 64 years Kaunas Richard.

More encouraging retired cherished Julia, saying : "Maybe the state will not hurt seniors ? Bank believed so much money that I Soci old age and this one has grandchildren . If money would not be reinstated , I will remain with nothing ."
era dressed man , introduced himself as a former bank employee, reluctantly went to the languages ​​with the journalist . but hid grievances and accusing the former owner Vladimir Romanov actual bank , " he and other people, and us , the bank employees as enchanted , convinced that the bank is stable , bankruptcy threatened . inflated deposits here , buy shares , do not know when and how much money will be able to recover , " - said the gentleman .

Very disappointed with the middle-aged from Kaunas to have documentation showing that it has acquired the shares Economy Bank for 12 thousand.

It has not only been admitted to the hall and not included in the list of creditors , but they are still required to pay a fee for storage žlugusiame deposit in the bank.

"I know I did nothing that had to write a request to add me to the list of creditors submitted claims. Accidentally found out about the meeting , daughter found on the Internet. Unfamiliar with what to do now " - terrified woman tried to comfort himself .

A three-hour meeting , as planned, elected seven members of the creditors' committee . Meeting was attended by 85 lenders and 174 creditors voted in writing , but account for only 9.4 per cent . all the requirements.

During the meeting, proposals have been made as a result of the number of committee members , both on specific candidates , but they are not approved.

Agricultural Bank trustee Amber Adomonis by 10 months activity report and announced plans to continue the process of selling the bank's assets .

" The biggest value of the assets in which aspiring An Bank is a foreign country. Both on the structure of the transaction and on the same estate in the specifics of this are complicated processes , the success of which will depend on many factors ," - said G.Adomonis . Bank estate search extends to Russia , Ukraine, Scotland , Bosnia and Herzegovina .

[greenginger]

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Don't think they will run out of cask as home game this week and derby hot on its heels If they get to split the consensus has been somehow there will be the will to make sure fixtures get completed So I think big L wouldn't happen till then and they will be planning for this depending on Brian Jackson s trip to Lithuania which unsurprisingly hasn't had a lot of coverage as there isn't a lot to Report .

They are burning about £ 100,000 a week so it won't last too long.

However the Merricks have not started mortgaging their houses or selling their children yet so there must be hope for them.

[Ozyhibby]

Three things they still need.
1. Ukio creditors to approve the CVA.
2. Ubig to arrange a creditors meeting and then agree to the share transfer.
3. The Shares to be unfrozen by Kaunas district court.

[Craig_in_Prague]

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Three things they still need.
1. Ukio creditors to approve the CVA.
2. Ubig to arrange a creditors meeting and then agree to the share transfer.
3. The Shares to be unfrozen by Kaunas district court.

This all happened during Dec-13 don't you know? Hearts are now debt free and the Levein / Houston dream team are lining up big summer signings as they fight it out with their new rivals celtic for the title next season.

5-1. 1902.

[Dashing Bob S]

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I have been of that opinion since the start of the season because, IMO, they will simply run out of cash.

CWG and others has, on occasion, made excellent points which have caused me to pause and think but am still of the same opinion the only way forward is the big L unless Budge opens the purse strings and, in my experience, people with her wealth are not known for acts of financial folly.

To the large number of Yam visitors, wake up, get Plan B out of the closet and get going with Newco Jambos which hopefully will see derbies return in a few seasons.

I've always seen 'lickers' as a likely destination on this journey they've set themselves on. I see the glamour of portakabins, wind swept parks, cake sales and raffles as very much their staple fare over the next decade. I have a suspicion though, that a Newco will still be less painless than the alternative as it will be a new company and not bound by any findings of the criminal investigations into the Romanov empire. Always had the gut feeling that these may bring further gloom for Hearts associates.

[Mikey]

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To the large number of Yam visitors, wake up, get Plan B out of the closet and get going with Newco Jambos which hopefully will see derbies return in a few seasons.

Agreed. They should be working on a plan for the worst case scenario just to make sure they're playing somewhere, and in some league, next season.

The longer they waste their time pouring scorn on hibs.net posters who have been pretty much spot on all the way along the more chance they won't be playing at all next season.

[Deansy]

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At one point they were going to be out of admin, debt free and signing players in the August window.

You forgot -

(Posted approx 1-2 weeks before the start of the season)

"with guaranteed full-houses every game, coupled with our young players talent and energy, I can see us vying for our usual European-slot"


Can the game really afford to lose the endless amounts of material these muppets supply ??

[Dashing Bob S]

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Agreed. They should be working on a plan for the worst case scenario just to make sure they're playing somewhere, and in some league, next season.

The longer they waste their time pouring scorn on hibs.net posters who have been pretty much spot on all the way along the more chance they won't be playing at all next season.

Disagree. If it really does hinder their chances of playing next season then I'd suggest that pouring scorn on Hibs.net is indeed the optimum use of their time.

[Dashing Bob S]

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You forgot -

(Posted approx 1-2 weeks before the start of the season)

"with guaranteed full-houses every game, coupled with our young players talent and energy, I can see us vying for our usual European-slot"


Can the game really afford to lose the endless amounts of material these muppets supply ??

I think they will just be spreading their unique brand of ironic supremacist humour to the lower divisions where it will be appreciated.

[jacomo]

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REAL people, suffering REAL hardship; all so the yams could pursue their 'Big Team' pipe-dream. This is their shame, and very soon, their epitaph.

I'm sure there will be a collective swelling of pride from the Yams as they consider those poor families who entrusted Romanov with their life savings and are now very unlikely to get their money back.

'Grandad, I really don't think you'll ever see the savings you built up over a lifetime again. The crook has vanished.'

'Yup, makes me sick with worry thinking about it. Still, 5-1 eh?'

[Sergey]

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Disagree. If it really does hinder their chances of playing next season then I'd suggest that pouring scorn on Hibs.net is indeed the optimum use of their time.

I fully expect the next Oxfam advert to feature a Hearts fan looking mournfully into the distance with the headline "From as a little as two pounds a month, you can change their miserable little lives so that all Yams can dream on"

What fair minded person wouldn't contribute, especially as they've already suffered the tragedy of seeing their club die right in front of them.

[Weststandwanab]

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Don't think they will run out of cask as home game this week and derby hot on its heels If they get to split the consensus has been somehow there will be the will to make sure fixtures get completed So I think big L wouldn't happen till then and they will be planning for this depending on Brian Jackson s trip to Lithuania which unsurprisingly hasn't had a lot of coverage as there isn't a lot to Report .

I did not predict when they will run out of cash and with homes games coming perhaps not this month but without SPFL financial assistance getting to the end of this season I think is in serious doubt.

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They are burning about £ 100,000 a week so it won't last too long.

However the Merricks have not started mortgaging their houses or selling their children yet so there must be hope for them.

Indeed that is why, like Sevco 5088 they will run out of cash eventually.

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Three things they still need.
1. Ukio creditors to approve the CVA.
2. Ubig to arrange a creditors meeting and then agree to the share transfer.
3. The Shares to be unfrozen by Kaunas district court.

Absolutely spot on and in the meantime the cash is burning.

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Agreed. They should be working on a plan for the worst case scenario just to make sure they're playing somewhere, and in some league, next season.

The longer they waste their time pouring scorn on hibs.net posters who have been pretty much spot on all the way along the more chance they won't be playing at all next season.

The plan B will have been made last year they just won't admit it or tell Murray.

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Disagree. If it really does hinder their chances of playing next season then I'd suggest that pouring scorn on Hibs.net is indeed the optimum use of their time.

Brilliant !

[Aldo]

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Don't think they will run out of cask as home game this week and derby hot on its heels If they get to split the consensus has been somehow there will be the will to make sure fixtures get completed So I think big L wouldn't happen till then and they will be planning for this depending on Brian Jackson s trip to Lithuania which unsurprisingly hasn't had a lot of coverage as there isn't a lot to Report .

I am more than certain that if they were any further forward after his trip to Lithland then it would of been shouted from the rooftops.

The silence from BJ/BDO/Banderson/FOF is deafing and must raise concerns as to their future.

As others have mentioned if they are still in admin come the end of the season I find it difficult to believe try will be out of it before the new season starts. No money... No players etc.

They are ****** and after a seasons long admin Liquidation will be the icing on the cake. That and with the new pyramid system coming into force they may struggle to keep their place in any of the lower leagues.

Struggle struggle struggle.

To all youse roasters looking in. I'm enjoying yur pain. It's pleasing.

[s.a.m]

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I fully expect the next Oxfam advert to feature a Hearts fan looking mournfully into the distance with the headline "From as a little as two pounds a month, you can change their miserable little lives so that all Yams can dream on"

What fair minded person wouldn't contribute, especially as they've already suffered the tragedy of seeing their club die right in front of them.

[Aldo]

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This all happened during Dec-13 don't you know? Hearts are now debt free and the Levein / Houston dream team are lining up big summer signings as they fight it out with their new rivals celtic for the title next season. 5-1. 1902.

Don't forget a forward line of

Boyd, Goodwillie, May and Mackay.

Deluded roasters

[Aldo]

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I did not predict when they will run out of cash and with homes games coming perhaps not this month but without SPFL financial assistance getting to the end of this season I think is in serious doubt. Indeed that is why, like Sevco 5088 they will run out of cash eventually. Absolutely spot on and in the meantime the cash is burning. The plan B will have been made last year they just won't admit it or tell Murray. Brilliant !

WSW

The SPFL are withholding their prize money of sorts to assist in paying their football debts which IIRC total around the £535,000 mark.

Doesn't leave much to help them survive. Suppose everything counts.

I was gonnae donate the steam off ma pish but decided against it cos they deserve nowt.

[DaveF]

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Agreed. They should be working on a plan for the worst case scenario just to make sure they're playing somewhere, and in some league, next season.

Are you suggesting the collective brain power of the kickback massive is up to the task of planning something? A fake raffle is about as good as it gets.

[Mikey]

I think this would be a good chance to put David Cameron to rights. He just referred to Ian Murray as "an honourable gentleman" during PMQ's.

He aint

[lord bunberry]

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I think this would be a good chance to put David Cameron to rights. He just referred to Ian Murray as "an honourable gentleman" during PMQ's.

He aint

He only called him that as it's against the rules to call him a fat hearts nonentity.

[Aldo]

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Are you suggesting the collective brain power of the kickback massive is up to the task of planning something? A fake raffle is about as good as it gets.

Fake indeed. Remember they gave over 400 quid to a guy to run a bus to the CF and the boy ran away with the money.

They are rotten to the core.

[Platinum Scotty]

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WSW

The SPFL are withholding their prize money of sorts to assist in paying their football debts which IIRC total around the £535,000 mark.

Doesn't leave much to help them survive. Suppose everything counts.

I was gonnae donate the steam off ma pish but decided against it cos they deserve nowt.

Not seen the figures for this year, sure they must be out there, but the bottom club got £730k last year....so they are going to have £195k (plus any lift for this year) to aid the gap in funding....tick tock

[scoopyboy]

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They are burning about £ 100,000 a week so it won't last too long.

However the Merricks have not started mortgaging their houses or selling their children yet so there must be hope for them.

Not doubting you but how on earth are they managing to lose that per week.

[Geo_1875]

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Not doubting you but how on earth are they managing to lose that per week.

They're not losing £100k per week. That's how much it costs to keep them running.

[scoopyboy]

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They're not losing £100k per week. That's how much it costs to keep them running.

OK, I'll rephrase, how does it cost £100,000 a week to keep them running?

[Weststandwanab]

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WSW

The SPFL are withholding their prize money of sorts to assist in paying their football debts which IIRC total around the £535,000 mark.

Doesn't leave much to help them survive. Suppose everything counts.

I was gonnae donate the steam off ma pish but decided against it cos they deserve nowt.

They are but when you are as royally Donalded as they are a£100k is another week they avoid the big L.

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I think this would be a good chance to put David Cameron to rights. He just referred to Ian Murray as "an honourable gentleman" during PMQ's.

He aint

Was Murray Chuntering ?

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Not seen the figures for this year, sure they must be out there, but the bottom club got £730k last year....so they are going to have £195k (plus any lift for this year) to aid the gap in funding....tick tock

I think you may find it is even less than that but otherwise you are correct.

[Aldo]

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They are but when you are as royally Donalded as they are a£100k is another week they avoid the big L. Was Murray Chuntering ? I think you may find it is even less than that but otherwise you are correct.

WSW

You are indeed correct. They probably have their youth team out looking for scrap or empty Barr's bottles trying to gather in as much dosh as possible

[Ozyhibby]

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OK, I'll rephrase, how does it cost £100,000 a week to keep them running?

It costs about £130k a week to run Hibs. It shouldn't be that surprising?

[Deansy]

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I've always seen 'lickers' as a likely destination on this journey they've set themselves on. I see the glamour of portakabins, wind swept parks, cake sales and raffles as very much their staple fare over the next decade. I have a suspicion though, that a Newco will still be less painless than the alternative as it will be a new company and not bound by any findings of the criminal investigations into the Romanov empire. Always had the gut feeling that these may bring further gloom for Hearts associates.

Yup - think it's highly unlikely 'Skint FC' were the only business Vlad ran honestly. I'm sure I read somewhere that the rule re 'profiting from criminal activity' (or words to that effect) is an automatic stripping of any/all titles/trophies won during the period concerned ??. 5-1 being wiped out would be the death-knell for them.

Can anyone more clued-up on the rules regarding this confirm/correct ??

[Ringothedog]

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Don't think they will run out of cask as home game this week and derby hot on its heels If they get to split the consensus has been somehow there will be the will to make sure fixtures get completed So I think big L wouldn't happen till then and they will be planning for this depending on Brian Jackson s trip to Lithuania which unsurprisingly hasn't had a lot of coverage as there isn't a lot to Report .

They will have about 1500 paying p(m)unters on Friday at about £15 a pop. This will hardly cover their outgoings for the week. As I have stated previously the sooner they go out of business the better!!