Share Transfers Agreed/Cooling off period

[Kato]

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

But I thought they had a Memorandum of Understanding ??

Looks like someone misunderstood it.

[The Falcon]

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

"Green lights all the way"

"Rubber stamp"

"All a Formality"

"Creditors all on Hearts' side"

Kickback saying "The £2.5m can't be challenged"

Surely if the CVA is conditional it can be challenged by any of the creditors?

[Coco Bryce]

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

I'm going to have a 'Saluais Bank' to celebrate the good news.

[Coco Bryce]

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

The power of email is astounding.

GIRFUY ya bunch of Jambo cretins.

[Gus Fring]

Siauliu bank is the bank that took over the liabilities of UKIO when they went under are they not? So if they are kicking up a stink then it would seem to me that's a very big deal

My (admitted limited) understanding is that they have the ability to be able to say "that's not enough money, it's worth a lot more than that. I think McLaughlin is getting a bit confused. I don't think this is UBIG. I think it's UKIO and this is the start of the CVA being rejected by those in Lithuania with the power to do so.

[Kato]

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

Kickback saying "The £2.5m can't be challenged"

Surely if the CVA is conditional it can be challenged by any of the creditors?

I don't think any conditions were set, the CVA was accepted "provisionally" (I think the word was). Provision being let's see what happens once a creditor's committee is voted on. The original acceptance isn't worth jack.

[lord bunberry]

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

Siauliu bank is the bank that took over the liabilities of UKIO when they went under are they not? So if they are kicking up a stink then it would seem to me that's a very big deal

Gentlemen start your ovens.

[Just Alf]

[Weststandwanab]

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

But I thought they had a Memorandum of Understanding ??

They do - but they have no legal status.

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

Siauliu bank is the bank that took over the liabilities of UKIO when they went under are they not? So if they are kicking up a stink then it would seem to me that's a very big deal

The very same.

[AltheHibby]

A bad day just got so much better. Thank you hibs.net. :-)

[Sergey]

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

Siauliu bank is the bank that took over the liabilities of UKIO when they went under are they not? So if they are kicking up a stink then it would seem to me that's a very big deal

They didn't take over the liabilities, they took on the profitable, functioning part of the bank, which included the bank branches in Lithuania.

The liabilities and toxic debt fell under the control of the Lithuanian Insurance folks who hold sway on the creditors committee.

[Ross4356]

Anyone any idea why Siauliu bank care about the money UBIG are getting for their shares?

[DC_Hibs]

Contact Siauliu - http://www.sb.lt/en/apatinis-meniu/ask-question/

Subject - Ukio Bankas/Heart of Midlothian (Edinburgh)

Budgie - ******n loaded and picking up the whole shooting match for a song
Land - Cala homes offer £20m plus - still worth in excess of triple what Save Hearts in Trouble are paying for the lot
They've stiffed the Lithuanian people
They're perverts
Blah Blah

[Gus Fring]

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

They didn't take over the liabilities, they took on the profitable, functioning part of the bank, which included the bank branches in Lithuania.

The liabilities and toxic debt fell under the control of the Lithuanian Insurance folks who hold sway on the creditors committee.

Did we ever get confirmation Hearts were in the bad part of the assets?

[Juice-Terry]

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

They didn't take over the liabilities, they took on the profitable, functioning part of the bank, which included the bank branches in Lithuania.

The liabilities and toxic debt fell under the control of the Lithuanian Insurance folks who hold sway on the creditors committee.

If so, why would Siauliu Bank care about any of this?

[Kato]

Either the reports are confused or Sauluis Bank just happen to a creditor of UBIG.

[nribs]

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

They didn't take over the liabilities, they took on the profitable, functioning part of the bank, which included the bank branches in Lithuania.

The liabilities and toxic debt fell under the control of the Lithuanian Insurance folks who hold sway on the creditors committee.

So a big deal or no big deal or are we just guessing at the moment. My heid is burst

[GreenLake]

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

Jamie Borthwick (@jamiekborthwick)
28/03/2014 11:10
Hearts decision postponed in Lithuania due to "lack of technical details" for Ukio's creditors. New meeting to take place within 10 days.

Download the official Twitter app here


Sent from my iPad

They were unable to determine the viscosity of the jar of vaseline or the sugar content of the custard creams.

[KeithTheHibby]

This is pleasing. Very pleasing.

Any good feeling amongst the Yams will be gone now and reflected on Sunday.

At least a point for the Saints tomorrow will set things up perfect for the derby...

[Sergey]

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

Did we ever get confirmation Hearts were in the bad part of the assets?

One can assume that the debt owed to Ukio categorised them in the 'toxic' part - although they do hold the deeds to the PBS, which theoretically gives them an asset. And an asset worth more than the £2.5M that's currently on offer.

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

If so, why would Siauliu Bank care about any of this?

Recouping money that rightfully belongs to the Ukio creditors. This case is under the microscope after the botch that was Bankas Snoras and any misdemeanour's or wrong-doing will be scrutinised. Adomonis' future career hinges on calling the right shots.

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

So a big deal or no big deal or are we just guessing at the moment. My heid is burst

I'd be bricking it if I was a Yam as there's nowt BDO can do about it and exiting administration is still some way off.

[Weststandwanab]

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

Either the reports are confused or Sauluis Bank just happen to a creditor of UBIG.

I think this may well be the case.

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

So a big deal or no big deal or are we just guessing at the moment. My heid is burst

No guessing, there is no deal at present apart from the C.V.A. agreed and the M.O.U.

In the meantime, the Micro Wave s not getting used.

[greenginger]

Just drove down Mcleod Street and see Mrs Budge's car sitting in the PBS car park.

She has got the crappy Porche rather than the Bentley, so she may be pleading poverty !

[Springbank]

Even for blindly optimistic believers in eh11 This could be the "touching cloth" moment

[nribs]

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

I'd be bricking it if I was a Yam as there's nowt BDO can do about it and exiting administration is still some way off.

That's what i wanted to hear

[Gus Fring]

I think this is the start of the relevant people in Lithuania realising that £2.5m for Hearts is laughable.

Either way today is proof to everyone that this is isn't over yet and that they still have to convince people to allow this sale to go through.

[Pray4Marc]

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

Jamie Borthwick (@jamiekborthwick)
28/03/2014 11:10
Hearts decision postponed in Lithuania due to "lack of technical details" for Ukio's creditors. New meeting to take place within 10 days.

Download the official Twitter app here


Sent from my iPad

"Lack of technical details"

Borthwick trying his best not too make it look as bleak as it is.

[edinburghhibee]

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

Even for blindly optimistic believers in eh11 This could be the "touching cloth" moment

Not this one ;) when that she!7hole gets reduced to rubble and flats/supermarket/Edin rugby sports complex goes up so will my house price!

In other words I'm ****ing delighted!!!

[DaveF]

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

Just drove down Mcleod Street and see Mrs Budge's car sitting in the PBS car park.

She has got the crappy Porche rather than the Bentley, so she may be pleading poverty !

Would you leave a Bentley in a PBS car park?

[greenginger]

https://newsclient.omxgroup.com/cdsP...ssageId=740484

The Siauliu Bank seem to have been successful in disposing of some property assets acquired from Vlad's bank for near valuation.

[GreenLake]

Ukio Creditor 1 : Pass me the custard creams please
Adomonis : Here you go (passes the plate over)
Ukio Creditor 2 : So technically, Adomonis, you work for us, right?
Adomonis : Ermmmmm, technically speaking, (pause) yes
Ukio Creditor 1 : Why do you act like a PR guy for the Jambos?
Adomonis : No I don't! They are offering a generous £2.5m. Don't believe these hobos on hibs.net and the £22m recent value.
Ukio Creditor 2 : Get tae!