Share Transfers Agreed/Cooling off period

[McPhisto2]

@BBCBMcLauchlin: Talks between lawyers of Ukio Bankas and BDO over shares in Hearts break up with no agreement in place. Talks to continue next few days”

!!???

[portyhibernian]

Not been keeping tabs on this as been working, so can someone (and forgive my ignorance) clarify in one or two sentences what's the significance of the fact that there isn't a statement from the Ukio 'meeting' that may or may not have gone ahead? And is it not the case that talks can just continue tomorrow?

Tried twitter but there appears to be an awful lot of clueless jambo muppets with conflicting stories on there.

EDIT: Never mind Peter Douglas post has me right up to date!

[emerald green]

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They had a UBIG creditors meeting where share transfer was agreed. Good for them but the shares are frozen.

They had a cup of tea with UKIOs lawyers. No meeting has been arranged with creditors. No statement has been issued which probably would have been had there been anything positive to state. I think.

Miles away from all the positive spin and "they're getting away with it" nonsense.

They need something big to happen quickly or its goodnight Vienna.

Thanks for that mate.

[the_ginger_hibee]

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Aye, the three of them are a right pair.

Pfft...I was sticking to true Banderson form sir amended like nothing ever happened, also in true allis style

[green glory]

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Not been keeping tabs on this as been working, so can someone (and forgive my ignorance) clarify in one or two sentences what's the significance of the fact that there isn't a statement from the Ukio 'meeting' that may or may not have gone ahead? And is it not the case that talks can just continue tomorrow? Tried twitter but there appears to be an awful lot of clueless jambo muppets with conflicting stories on there.

Jambogeddon (possibly) imminent.

[Weststandwanab]

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How come there's so many yams viewing this thread? Surely these are just the ramblings of bitter hobo junkies?

Because Brokeback is....well broke.

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Although there's no statement today and the meeting has broken up, it seems the understanding is that talk will continue over the next few days!!?

Also where does this leave Budgie? She was the one who said that if it wasn't done today, she was off!!?

If talks were going to continue they "would have made a statement".

Let's hope the Lady is "not for Budging".

[CropleyWasGod]

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Unless BDO got some form of guarantee from UKIO lawyers that a meeting will take place within the next 2 weeks and the CVA passed, IMHO they will pull the plug today or tomorrow. This could all be over soon.

It's not the lawyers' call.

Neither is it the administrator's.

It's the creditors' call.

Whenever they have their meeting....

[Geo_1875]

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this. I understand the desire for blood letting, but there are plenty of decent Jambos who are feeling it rough. I hope they make it one way or another, and for our two sets of fans to try and create links rather than sit on different fences throwing bananas at each other.

Naw there isnae.

They're aw ****.

[Jim44]

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They had a UBIG creditors meeting where share transfer was agreed. Good for them but the shares are frozen.

They had a cup of tea with UKIOs lawyers. No meeting has been arranged with creditors. No statement has been issued which probably would have been had there been anything positive to state. I think.

Miles away from all the positive spin and "they're getting away with it" nonsense.

They need something big to happen quickly or its goodnight Vienna.

And there was silly me thinking the capital was Vilnius.

[Just Alf]

So, Sergey was 100% bang on about todays meetings (or lack thereof) ....

[Phil D. Rolls]

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Although there's no statement today and the meeting has broken up, it seems the understanding is that talk will continue over the next few days!!?

Also where does this leave Budgie? She was the one who said that if it wasn't done today, she was off!!?

Those Talks In Full......

Jackson: Can we meet today?
UKIO: Come back this afternoon.
Jackson: OK, will I bring biscuits?

later

Jackson: Can we meet today?
UKIO: Come back tomorrow.
Jackson: OK, will I bring biscuits?

Repeat daily for two weeks.

[jacomo]

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@BBCBMcLauchlin: Just been informed no statement will be released#bbcsportscot

No statement because there was no meeting?

Unless, of course, you understand a meeting to mean Bryan Jackson waiting around outside the front door of the administrators and approaching anyone who emerges.

'Hiya pal, you're not by chance an administrator of Ukio bank are you?... yes, yes, your security guard has spoken to me already, it's just the thing is, I've sort of told people back in Edinburgh you guys were having a meeting today and I flew over here on the off chance... No, there's no need to call the police, I am leaving.'

[Keith_M]

To repeat someone's earlier request, as I haven't seen a reply...


Does anyone have a link to the article about Budge saying something had to happen soon or she's offski?

[Bishop Hibee]

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I can confirm Barry is in the office, mobile to ear. His face paints a million pictures!

Source: I work for the Scotsman

Are you Bajillions Colin ;-)

[kdhibees1]

https://twitter.com/jamb0skickback

[Waxy]

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It's not the lawyers' call.

Neither is it the administrator's.

It's the creditors' call.

Whenever they have their meeting....

Surely no meeting now. Not till after the Easter hols at least.

[Dashing Bob S]

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They had a UBIG creditors meeting where share transfer was agreed. Good for them but the shares are frozen.

They had a cup of tea with UKIOs lawyers. No meeting has been arranged with creditors. No statement has been issued which probably would have been had there been anything positive to state. I think.

Miles away from all the positive spin and "they're getting away with it" nonsense.

They need something big to happen quickly or its goodnight Vienna.

An excellent summary. They are on the ropes now and really need a big game-changer.

[McPhisto2]

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No statement because there was no meeting?

Unless, of course, you understand a meeting to mean Bryan Jackson waiting around outside the front door of the administrators and approaching anyone who emerges.

'Hiya pal, you're not by chance an administrator of Ukio bank are you?... yes, yes, your security guard has spoken to me already, it's just the thing is, I've sort of told people back in Edinburgh you guys were having a meeting today and I flew over here on the off chance... No, there's no need to call the police, I am leaving.'

[hibseleven]

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Whoever said they were sitting in a cafe in Penicuik was right.

you obviously haven't seen the nick of Penicuiks café have you......?

[Onion]

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It's not the lawyers' call.

Neither is it the administrator's.

It's the creditors' call.

Whenever they have their meeting....

I know that .....

[jacomo]

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Because Brokeback is....well broke.

If talks were going to continue they "would have made a statement".

Let's hope the Lady is "not for Budging".

I wonder if they are still blaming us for their problems, or if Shoeless Bob and Pat the Plumber are back to the top of the list?

[StevieT]

I think this sums up today for them

http://www.youtube.com/watch?v=IUZkAzMgenw

[Weststandwanab]

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£535,000 iirc

Bang on the number - excuse the pun.

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Just shows How out of touch The FOH are when there own twitter feed had the UKIO creditors meeting as underway as well. Foundation of Hearts ‏@The_FOH 3 hrs
UPDATE: we understand the UKIO meeting is being held today and has started. We will bring you news as we get it.

Not be hearing much from them anytime soon then.

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So, Sergey was 100% bang on about todays meetings (or lack thereof) ....

I wonder if he/she has surfaced yet ?

[Dashing Bob S]

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No statement because there was no meeting?

Unless, of course, you understand a meeting to mean Bryan Jackson waiting around outside the front door of the administrators and approaching anyone who emerges.

'Hiya pal, you're not by chance an administrator of Ukio bank are you?... yes, yes, your security guard has spoken to me already, it's just the thing is, I've sort of told people back in Edinburgh you guys were having a meeting today and I flew over here on the off chance... No, there's no need to call the police, I am leaving.'

He reminds me of myself as a youth, hanging outside record label offices in Soho trying to get the people going in and out to listen to my terrible demo tape.

[Keith_M]

What's with all the pink names looking at this thread?

Don't they have a more informed, up-to-the-minute, jealous-hobo-free site of their own to go to?

[Pete]

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An excellent summary. They are on the ropes now and really need a big game-changer.

I'm not sure about these "talks continuing over the next few days" though.

I assume this is to try and get a meeting arranged and to rubbish the other alternatives to accepting the CVA?

[Dashing Bob S]

With Sergey and Bajillions not in the starting line up, and CWG used only sparingly, it feels like we've annihilated Kickback using our reserve side.

[Phil D. Rolls]

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Bang on the number - excuse the pun.

Not be hearing much from them anytime soon then.

I wonder if he/she has surfaced yet ?

You're suggesting he is actually Vlad?

[Hibernia&Alba]

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What's with all the pink names looking at this thread?

Don't they have a more informed, up-to-the-minute, jealous-hobo-free site of their own to go to?

Merely getting themselves accustomed to there being only one football club in Edinburgh to watch.

[Winston Ingram]

F off Hearts have spoken

Foundation of Hearts ‏@The_FOH 1m
UPDATE 2: UKIO formal creditors meeting DID NOT happen but positive discussions concluded. Formal meeting now expected by end of next week.

Foundation of Hearts ‏@The_FOH 3m
UPDATE 1: UBIG agreement in place for share transfer. 20 day cooling off period commences but not anticipating any problems.

End of next week