Share Transfers Agreed/Cooling off period

[marti1875]

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Option One: You've hit a new low in confused, attention-seeking pish.

Option Two: They think you are a muppet and are giving you the standard fob-off they issue to the hundreds of others who make such 'inquiries.'

Option Three: one and two above.

This.

[Ozyhibby]

Did the SPFL approve the cash advance to Hearts? Not seen anything reported?

[jakeshibs]

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Here's the state of play ...

The muppets need to purchase UBIG's 49% stake in Hearts, Ukio's 29.9% stake in Hearts and Ukio to release the security they hold over Tiny.

The CVA was meant to agree that £2.5M would release the security, the Mysterious Memorandum of Understanding (MMoU) agreed a price for the shares.

To proceed with these agreements, the creditors of both UBIG and Ukio have to approve*.

UBIG's creditors have approved but it's open to appeal for another couple of weeks (and there was reported dissent at the creditors' meeting).

Ukio's creditors have yet to approve and haven't scheduled a meeting.

As things stand, BDO expect to run out of cash in a matter of weeks and would be forced to liquidate unless they can find more money somewhere. They can't put STs on sale and start using the money up front so the only way they could keep going in admin would be donations from Foundation of Muppets (may require amendment to FoM constitution), Budgie or direct-from-Muppet. You could see them doing that for a short term delay but unlikely if the hold up would run to months.

* they may also need court approval which may or may not be a formality.

Thank you most kindly for explaining it to me, and for taking the time to reply, my party is on hold then??? BOOOOOOO!!!!!
when are we likely to get a definite answer to their future, or hopefully lack of, as I really want this to happen!

[Dashing Bob S]

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Thank you most kindly for explaining it to me, and for taking the time to reply, my party is on hold then??? BOOOOOOO!!!!!
when are we likely to get a definite answer to their future, or hopefully lack of, as I really want this to happen!

They will be actively working on liquidation now, but probably won't declare it until the end of the season, as soon as the fixtures are completed.

[CapitalGreen]

Leave desantos alone, he is a bonfide economist!

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Hobo economist! I was head of research at Goldman Sachs and spoken at the Nobel conference on finance. I might have had a hobo upbringing but I certainly am a bonafide economist!

Funny thing though, there is no such thing as the Nobel conference on Finance.

[Keith_M]

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Leave desantos alone, he is a bonfide economist!



Funny thing though, there is no such thing as the Nobel conference on Finance.

Aye, but he's been places and done things.

[Craig_in_Prague]

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Aye, but he's been places and done things.

Desantos is billy broon?

[jakeshibs]

thank you will keep my powder dry then until then, do you think this will happen, as I really cant wait ?
all the Sh*! I have had to endure I want my day...

[brog]

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Option One: You've hit a new low in confused, attention-seeking pish.

Option Two: They think you are a muppet and are giving you the standard fob-off they issue to the hundreds of others who make such 'inquiries.'

Option Three: one and two above.

Now now Bob, that's unkind! In defence of Desantos he hasn't yet tried to arrange a gig for the Foo Fighters in the Hibs club!

[GreenLake]

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Quite a lot of desantos posts don't make any sense. Not sure if that's because of bad grammar or maybe it's just because he doesn't actually have a clue???

He is a global financial expert so this would seem appropriate.

[GreenLake]

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Leave desantos alone, he is a bonfide economist!



Funny thing though, there is no such thing as the Nobel conference on Finance.

The difference between an economist and a shop steward:

One knows the facts about the country, the other knows the ***** about the factory.

[Sanger]

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Leave desantos alone, he is a bonfide economist!



Funny thing though, there is no such thing as the Nobel conference on Finance.

I can assure there is it is run by the Nobel a Foundation

[Keith_M]

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I can assure there is it is run by the Nobel a Foundation

You're Barry Anderson and I claim my 50 pounds.

[HappyAsHellas]

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I can assure there is it is run by the Nobel a Foundation

Yes, there are Nobel awards for economics, but this hardly detracts from the fact that you posted a lot of crap, and people here are ripping the posh out of you. One may have expected a slightly better arguement for the defence, no?.........

[Sanger]

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Yes, there are Nobel awards for economics, but this hardly detracts from the fact that you posted a lot of crap, and people here are ripping the posh out of you. One may have expected a slightly better arguement for the defence, no?.........

You can rip as much as you like but I can assure you my posts are correct I will PM my email from the Ukio Lawyers if you like?

[CapitalGreen]

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I can assure there is it is run by the Nobel a Foundation

Care to provide a link to information (dates, location, topics etc) of such an event past or present. As a finance professional myself, albeit at a very junior level in comparison to yourself, I would be very interested in attending such an event.

[CapitalGreen]

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You can rip as much as you like but I can assure you my posts are correct I will PM my email from the Ukio Lawyers if you like?

I'll take that PM please, screenshot I presume?

[BH Hibs]

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You can rip as much as you like but I can assure you my posts are correct I will PM my email from the Ukio Lawyers if you like?

Nah yer awrite chief

[Pete]

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This is a direct quote from an email they (Law firm, Tark Grunte Sutkiene, advising Ūkio Bankas) sent me when I enquired as a potential "new bidder"

"Please be informed that the current offer is on-going the approval procedure by Ūkio
Bankas creditors and it is expected it will be approved within the upcoming
days"

I have until tomorrow at 10 am Central European Tiime to submit my offer. So looks like as we suspect BDO right out of the picture and creditors still mulling over alterantives but BIDCO looks like being accepted.

I remember when I went to look at three piece suites and expressed an interest in one. The manager gave me a super duper price but warned me that it was only available that day and would return to full price tomorrow.

I don't know why I mentioned that.

[Sanger]

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Nah yer awrite chief

Thanks really don't want to compromise the guy. He got a bit sucked in.

[CropleyWasGod]

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Thanks really don't want to compromise the guy. He got a bit sucked in.

Do you accept that he's unlikely to be taking "offers", and that (at most) he will be gauging "interest".

[littleplum]

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Leave desantos alone, he is a bonfide economist!



Funny thing though, there is no such thing as the Nobel conference on Finance.

I don't know whether desantos is talking nonsense or not but I do know him and can confirm he is a bonafide financial analysis (he's actually quite googleable from the things he's said about himself on here).

I can also confirm that I am not him. Or Sergey.

[Sergey]

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You can rip as much as you like but I can assure you my posts are correct I will PM my email from the Ukio Lawyers if you like?

This is the footnote on my email exchanges with TGS:

Tark Grunte Sutkiene is a full service business law firm in Estonia, Latvia and Lithuania. Tark Grunte Sutkiene is in strategic cooperation with law firm Vlasova, Mikhel & Partners in Belarus.

Confidentiality notice. This e-mail message and its attachment(s) (if any) are intended only for the named recipient(s) above. It may contain information that is privileged, confidential and/or exempt from disclosure under applicable law. If you have received this message in error, or are not the named recipient(s) you are hereby notified that any disclosure, copying, distribution of this information is strictly prohibited and may be unlawful. Please immediately notify the sender and delete this e-mail message and any attachment from your system. Thank you.

[Waxy]

The big guns are out today firing their biggest weapons. All we need is Bajillions with whatever he has.Cmon the Hibees.

[jonty]

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I remember when I went to look at three piece suites and expressed an interest in one. The manager gave me a super duper price but warned me that it was only available that day and would return to full price tomorrow.

I don't know why I mentioned that.

Peter Douglas in "Walking Away" Shocker!!!!!

[One Day Soon]

This thread really is a curious mixture of laser guided missiles and pigeon guided 5hit bombs.

[ALF TUPPER]

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I remember when I went to look at three piece suites and expressed an interest in one. The manager gave me a super duper price but warned me that it was only available that day and would return to full price tomorrow.

I don't know why I mentioned that.

PBS out DFS in ! :)

[Dashing Bob S]

Well whatever you think about DeSantos, he's fairly done a job over on Kickback, throwing them a gilmmer of hope that they've pounced upon. It's absolutely hilarious, so well done to him.

Jambo Scott appears to be a lone voice of reason over there, conceding that the best info comes from over here:

"Hibs.net PM board had it confirmed from a legal representative of the creditors that there was no UKIO meeting going ahead 48 hours before everyone else. I can't mention how the poster got access to that type of information that is not privy to the general public due to defamation reasons.

But the above happened. This is hurting people so deeply on here. I don't know the reasons why this hurts a lot of you so hard but this happened and you should try and placate yourselves before lashing out."

Obviously, they didn't listen to him, re the placating themselves before lashing out. Check out the 'Desantos Hobbo fantasist' thread (nice title - out of the mouths of babes, etc etc) for a whole heap of Monday afternoon fun!

[Sanger]

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Care to provide a link to information (dates, location, topics etc) of such an event past or present. As a finance professional myself, albeit at a very junior level in comparison to yourself, I would be very interested in attending such an event.

These are the symposium events:

http://www.nobelprize.org/nobel_orga...tion/symposia/

You'll need to get your company to sponsor you as all in Stockholm. I'll have a look for the conferences - it is nearly 20 years since I was there.

[Sanger]

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This is the footnote on my email exchanges with TGS:

Which is why I won't be sending the email from them by PM.