Share Transfers Agreed/Cooling off period

[green glory]

Re this Bloomberg report of the delay till 22nd. Will we tell Jamie Borthwick and watch him squeal lol?

[Sergey]

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Sergey, where are you when we ned you to get in touch with the insider?

Fear not, GF - I'm trying to get a copy of the agenda (if indeed there is one).

[Jim44]

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Meeting postponed to 22 April 2014 because of Easter according to Bloomberg news desk.

Where on the news desk? .......can't seem to find any mention of it.

[Weststandwanab]

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April the 22nd now? I heave a deep sigh. At this rate they'll never exit administration!

They will around 12th May when they go into the big L

[GREEN WARLORD]

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http://www.bbc.co.uk/sport/0/football/26935230

Hearts administrators BDO are trying to establish if money due to be handed out at the end of the season can be paid to the club now.
BDO have approached the Scottish Professional Football League as they seek to raise cash to help Hearts fulfil their fixtures.
Relegation was confirmed on Saturday but Hearts will still be due a share of Scottish Premiership monies.
It is believed BDO only have enough money to keep Hearts going until April.
However, if extra funds can be found it is hoped full agreement over Anne Budge's proposed takeover can be finalised by the time the season ends.
Creditors of major shareholder UBIG have agreed to transfer their 50% holding to BIDCO, the Budge-backed vehicle for future fan control of Hearts.
But no deal has yet been reached regarding the 29% shares held by Ukio Bankas, which holds a charge on Tynecastle Stadium.
With the Premiership now splitting in two, Hearts have five fixtures remaining against their fellow bottom-six sides. The Tynecastle outfit's next match is against Ross County on 19 April.

I have a big chum who supports "The Rongers", he's having a big gripe. "Surely this is trading while insolvent, which is a criminal act"? Would he be right?

[Juice-Terry]

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They will around 12th May when they go into the big L

The greatest day in history was the day the 12th of May. BIG "L"! **** THE HERTZ!

[CropleyWasGod]

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I have a big chum who supports "The Rongers", he's having a big gripe. "Surely this is trading while insolvent, which is a criminal act"? Would he be right?

No.

They're not trading while insolvent if they can pay their bills as they fall due.

And, trading while insolvent is not a criminal act. Were that the case, HMFC would have been charged years ago.

[Moulin Yarns]

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Given the Liths are very upset over Ukraine/Crimea, the Russians may offer Vlad as a sacrifical lamb.

The Huns had their Succulent Lamb, now Hearts could have some Sacrificial Lamb.

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From the Bloomberg news desk who notified of UKIO's meetings schedule. But could be as we know subject to change!

Have you got a link, 'cos I am not seeing it.

[GREEN WARLORD]

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No.

They're not trading while insolvent if they can pay their bills as they fall due.

And, trading while insolvent is not a criminal act. Were that the case, HMFC would have been charged years ago.

Thanks CWG, i knew someone would have the answer.

[bringbackbenny]

Do the football debts not have to subtracted from any advance payment from the SPL?

[Jim44]

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Do the football debts not have to subtracted from any advance payment from the SPL?

Would that not be too sensible?

[EastCalderHibby]

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OK lets say they get paid " up front" . It just means that that money won't be there come the start of next season - cash flow problems
again ?
Remember the old cliche " You can only sell the family silver once " !!
Remember too - Mrs B hasn't signed anything yet it's still all " perhaps/maybe "

has the **** not already had cash upfront from wonga

[jacomo]

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has the **** not already had cash upfront from wonga

Yes! A near-seven figure sum!

[Dashing Bob S]

I feel a bit like a child waiting to get a new pet dog.

"What shall we name Zombie Hearts, mother?"

"Oh, let's just wait and see till he comes and what he looks like, Robert."

[God Petrie]

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I feel a bit like a child waiting to get a new pet dog.

"What shall we name Zombie Hearts, mother?"

"Oh, let's just wait and see till he comes and what he looks like, Robert."

Hahahah

[...WentToMowAnSPL]

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I feel a bit like a child waiting to get a new pet dog.

"What shall we name Zombie Hearts, mother?"

"Oh, let's just wait and see till he comes and what he looks like, Robert."

Maybe a poll ??

[Kato]

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Maybe a poll ??

I vote they should combine the words "Hearts" and "shares" - "Sharts". Or we could just call them "Fido".

[GordonHFC]

Its like waiting for the doctor to switch off the life support machine of a convicted paedophile.

[Jack]

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Meeting postponed to 22 April 2014 because of Easter according to Bloomberg news desk.

Add 20 days cooling off period to that and #allisbarry will be saying Hearts Saved as the 42nd of April just makes it before the money runs out in May!

[PapillonVert]

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However, in the current political climate, Vlad may be a worthy pawn to be traded for favours elsewhere. It's no coincidence they've waited till now to collar him, IMO.

I believe it's in the Russian Constitution but it could be a relative right, i.e. you still have to obey the law. A Russian citizen can't be extradited to face trial for a crime not recognised by Russian law, I believe.

He's been arrested under an international arrest warrant issued in Lithuania and so there must be some legal process in place otherwise what a waste of time.

Could be a legal process in place which allows him to be tried in Russia (as long as the same crimes he is charged with exist in Russian law).

[Geo_1875]

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I believe it's in the Russian Constitution but it could be a relative right, i.e. you still have to obey the law. A Russian citizen can't be extradited to face trial for a crime not recognised by Russian law, I believe.

He's been arrested under an international arrest warrant issued in Lithuania and so there must be some legal process in place otherwise what a waste of time.

Could be a legal process in place which allows him to be tried in Russia (as long as the same crimes he is charged with exist in Russian law).

Maybe crimes against sub-humanity?

[Phil D. Rolls]

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Its like waiting for the doctor to switch off the life support machine of a convicted paedophile.

Oh that's a dark dark place.

[jakeshibs]

are they not dead yet?

[monktonharp]

the Russians could use Vlad as a bargaining tool. we wont let you have him, unless you promise not to tell the Americans we have 300 tanks on your border

[Sanger]

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The Huns had their Succulent Lamb, now Hearts could have some Sacrificial Lamb.




Have you got a link, 'cos I am not seeing it.

Bloomberg have long stopped covering the story with general articles as of no interest in Lith. No Vlad millions is hidden in the Hearts. This info from a direct conversation with them through my work Bloomberg terminal IM.

[Deansy]

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By th time it takes place, if at all, the dissent amongst the UBIG creditors, which we already know about, will surface in the MSM and they will be in exactly the same place as they were when they went into admin, rooked.

There comes a time when enough is enough, if they were a horse they'd be Tesco Burgers by now.

In the Scottish MSM - doubtful !

[Jim44]

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Bloomberg have long stopped covering the story with general articles as of no interest in Lith. No Vlad millions is hidden in the Hearts. This info from a direct conversation with them through my work Bloomberg terminal IM.

I also thought the wording of your post suggested the information was on the Bloomsberg news desk.

[Sergey]

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Add 20 days cooling off period to that and #allisbarry will be saying Hearts Saved as the 42nd of April just makes it before the money runs out in May!

I'm not sure where the '20 day cooling off period' stems from, but that conflicts with what I've been told.

[...WentToMowAnSPL]

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I'm not sure where the '20 day cooling off period' stems from, but that conflicts with what I've been told.

20 days cooling , 4 years defrosting (timing is for a 600w microwave oven )

[Kato]

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In the Scottish MSM - doubtful !

...under the guise of "technical issues", a nice neutral excuse to use to cover the fact they are getting the runaround