Share Transfers Agreed/Cooling off period

[StevieC]

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

They would be required to prepare a new CVA which would take time.

How long would it take to tippex out the "2" in the "£2.5m" and replace it with a "3" ... and then a "4" ... and then ...

[GlasgowHibee]

<sup>Apologies for not posting this earlier but there has been difficulties getting on to Kickback this afternoon. Just shows you how important a service it provides. We are obviously disappointed that both creditors meetings for UKIO and UBIG did not take place. However, the positive news about the UBIG creditors meeting agreeing the transfer of their 50% shareholding in Hearts is a significant step forward. This should not be underestimated. We understand that lengthy discussions have taken place between Hearts Administrators, BDO, and the lawyers administrating Ukio Bankas. The outcome of these discussions were positive and it is hoped that a Ukio creditors meeting will take place before the end of next week (Easter). It has transpired that there was not to be a formal Ukio creditors meeting today so nothing has been delayed or postponed. The date will be set shortly. We are working on the information as we receive it.

We have taken a huge step towards delivering the Creditors Voluntary Agreement (CVA) today and, to use a football analogy, we would have taken this result before the game. However, we do appreciate how frustrating this is for the supporters and for everyone connected to the Club. We would have wanted a final conclusion. One major hurdle has been cleared with one to go.

We will continue to work closely with BDO and BIDCO to get this deal over the line as quickly as possible and thank all the supporters for their continued patience at this time.

Tonight Hearts is much closer to being out of administration than it was yesterday. It is a considerable achievement to have got this far. We thank BDO and the teams at UKIO Bankas and UBIG for their sterling efforts and look forward to a positive outcome as soon as possible. I, and FoH, will provide as much information as we can in the coming days.</sup>

I am an MP post from KB, some very pleasing points in there.

Most notably the, "it has transpired" sentence.

[Keith_M]

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

BDO basically saying to UKIO this is the best you'll get from BIDCO which is the same as Budge's threat. UKIO must be debating is there an alternative that would get us more money - a new bid from some other party or liquidation.

Contact is going to do more digging. Hopefully, have something more tomorrow morning.

Do you really have a contact in Lithuania?

[Sanger]

Yes one of the Bloomberg reporters.

[Aldo]

No long in from work and boy it loos like I e missed a very very interesting afternoon. Not to mention loads of fun.

Just had my dad on phone and he says "son wouldn't it be funny if they went pop tomorrow"
Indeed it would as it's his 70th birthday (7-0)

[Phil D. Rolls]

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

No long in from work and boy it loos like I e missed a very very interesting afternoon. Not to mention loads of fun.

Just had my dad on phone and he says "son wouldn't it be funny if they went pop tomorrow"
Indeed it would as it's his 70th birthday (7-0)

They have certainly had it roond them several times.

[greenginger]

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

Yes one of the Bloomberg reporters.

Would that be Bryan Bradley ?

[GreenLake]

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

How long would it take to tippex out the "2" in the "£2.5m" and replace it with a "3" ... and then a "4" ... and then ...

They used all the blu tack and tippex to overwrite Ukio Bancas with Wonga on their turd coloured shirts.

[jacomo]

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

MacKay says that their dignity is intact? Maybe to a guy who will do anything to be heard, like GM. But the last time I looked, going bankrupt, losing your stadium and name, not to mention cheating people out of money, isn't what I'd call dignity.

I think that, in a very narrow Stevie Fail sense, if you choose your own parameters (look it up Fail!) and ignore the creditors, the hubris, the Big Team bragging, and ignore McKay, Billy Broon, the repeated pleading with the SFA to break the rules they themselves voted for, and the way they have presented a take over proposal from a wealthy individual as supporter ownership, then... yes, perhaps you can say they've behaved with a bit of dignity.

[Seveno]

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

No long in from work and boy it loos like I e missed a very very interesting afternoon. Not to mention loads of fun.

Just had my dad on phone and he says "son wouldn't it be funny if they went pop tomorrow"
Indeed it would as it's his 70th birthday (7-0)

Please wish your Dad a very, very, very happy birthday.

[Aldo]

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

They have certainly had it roond them several times.

Indeed. Tell you what though if banderson told be the sky was blue and the grass was green I'd still check to make sure.

[jonty]

I think IM ImAnMP will find that hibs.net offers a far more valuable and accurate service which also doesn't fall flat on its arse with a few thousand visitors.

[jacomo]

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

I am an MP post from KB, some very pleasing points in there.

Most notably the, "it has transpired" sentence.

See if I was him, I'd be trying to dampen expectations right now... stop talking about 'significant steps forward' and stressing the difficulties in doing a deal.

But then, who's his audience here? The great unwashed? The Diddies? Ann Budge?

[Aldo]

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

Please wish your Dad a very, very, very happy birthday.

I will indeed. Very good Hibs man (and Newcastle).

[Phil D. Rolls]

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

See if I was him, I'd be trying to dampen expectations right now... stop talking about 'significant steps forward' and stressing the difficulties in doing a deal.

But then, who's his audience here? The great unwashed? The Diddies? Ann Budge?

They surely don't think Budge is buying all this cloak and dagger ****, do they?

I think it's a matter of time till they start talking about a man in a black cloak standing at the end of the street.

[Baw187]

I thought this UKIO administrator gadge said he expected the CVA to be finalised today?? Even though there was no creditor's meeting planned??

So he's pretty much outed himself as a slavouring ****.

Basically the Liths are seriously taking the pish big style!

[jacomo]

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

They surely don't think Budge is buying all this cloak and dagger ****, do they?

I think it's a matter of time till they start talking about a man in a black cloak standing at the end of the street.

Who knows?

Was Ann Budge trying to force through the CVA? Or is she genuinely getting cold feet at the thought she could now be left with a loss-making basket case of a football club?

If it's the latter, FoH need to do all they can to convince her a deal is imminent and all will be fine. You'd think she'd have her own people involved by now though.

[marti1875]

My god....STV news just announcing they are almost there and great news today....completely missing the point that UKIO meeting did not even take place, never mind get a decision!! ha ha

[Hibs7]

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

My god....STV news just announcing they are almost there and great news today....completely missing the point that UKIO meeting did not even take place, never mind get a decision!! ha ha

BBC doing the same. .. Poor poor journalism, but what do you expect from these amateur Scottish supposed news networks !!

[Jim44]

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

My god....STV news just announcing they are almost there and great news today....completely missing the point that UKIO meeting did not even take place, never mind get a decision!! ha ha

Same with the BBC .................... 'new hope' after today's meeting. No mention of the second meeting not materialising or of the anti climax when they discovered that allwasnotreallybarry

[jodjam]

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

My god....STV news just announcing they are almost there and great news today....completely missing the point that UKIO meeting did not even take place, never mind get a decision!! ha ha

And then a sparryheed on stv news in his mums maroon blouse saying they will shortly be fan owned

[Swedish hibee]

Are they finished yet??

[Dashing Bob S]

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

They surely don't think Budge is buying all this cloak and dagger ****, do they?

I think it's a matter of time till they start talking about a man in a black cloak standing at the end of the street.

Budge has acted in good faith and has probably drawn a line in the sand regarding the extent of her involvement. I can't see her being dragged into 'what if' games of scamming and delays.

[Sanger]

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

Would that be Bryan Bradley ?

There is more than one journalist on the desk in a Lithuania but he is one of them.

[HIBERNIAN-0762]

Such lazy journalism beggars belief at times

We should send them a .net link to keep them up to date!

[Sanger]

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

My god....STV news just announcing they are almost there and great news today....completely missing the point that UKIO meeting did not even take place, never mind get a decision!! ha ha

Yes AFP reported it hanging in the balance early afternoon.

[HiBremian]

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

Such lazy journalism beggars belief at times

We should send them a .net link to keep them up to date!

http://news.stv.tv/east-central/2708...nly-half-done/

Seems to be based on whatever Ian Murray says. Much cheaper journalism than actually investigating.


Sent from my iPad using Tapatalk

[DaveF]

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

"Tazio, on 06 April 2014 - 07:10 PM, said:
He is back from New York. My source is impeccable."

http://finance.yahoo.com/news/rt-hon...061000794.html

Dear Tazio - I assume your source wasn't that impeccable after all? Or did Alex teleport to Lithuania soon after his engagement in NY.

[Kato]

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

And then a sparryheed on stv news in his mums maroon blouse saying they will shortly be fan owned

( Kato favourited this post )

[Just Alf]

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

I think IM ImAnMP will find that hibs.net offers a far more valuable and accurate service which also doesn't fall flat on its arse with a few thousand visitors.

Hang fire.... He's not paid the £5 over there, can't see him paying £10 :lol yam: