Share Transfers Agreed/Cooling off period

[Sanger]

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Was that notice published anywhere?

Yes on the Ukio Bankss website.

[CropleyWasGod]

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Yes on the Ukio Bankss website.

Are you not confusing that with the first one, on 18th March?

http://www.ub.lt/en/to-creditors/new...ab-ukio-bankas

That meeting took place. No subsequent meeting has been advertised.

[greenginger]

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Yes on the Ukio Bankss website.

http://translate.google.com/translat...26channel%3Dsb


The creditors meeting of 18th March is noted on the web site. That notice is dated 28.02.2014.

I don't see any mention of the 28th march date.

[Moulin Yarns]

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I said no earlier than 22nd. Given info yesterday they look close to having the meeting. Do not know how much notice they need to give given it is postponed meeting from 28 March which had sufficient notice. According to lawyers of Ukio close to accepting CVA unless new offer/info comes to light.
Don't know how reliable that lawyers view is.

You will need to enlighten me, and possibly others as to what this info is.

[Sanger]

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You will need to enlighten me, and possibly others as to what this info is.

Did you not read the posts on this thread yesterday?

[johnrebus]

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I have to say I find it quite sad that someone would say this. Also the fact that subsequent posts seem to be degenerating into the threatening stance is , to me, quite worrying.

The only thing I find sad is that our own team are so ****ing rubbish at the moment and can't even beat a club in it's death throws.

Without this thread there would probably be a large number of Hibbies lining up to throw themselves off a cliff........,

Would like us to win a couple of games before they finally go under.

[Sanger]

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Are you not confusing that with the first one, on 18th March?

http://www.ub.lt/en/to-creditors/new...ab-ukio-bankas

That meeting took place. No subsequent meeting has been advertised.

Yes maybe given voting papers and offer in front of them that was CVA at noticed meeting of 18 Mar 2014 there is not need to give notice of follow meetings? Was there a further notice for UBIG 'a meeting of 7 April?

[greenginger]

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Did you not read the posts on this thread yesterday?

Which post number will direct me to the notice of a Ukio Bankas creditor's meeting which was due to take place on the 28th March 2014 ?

[CropleyWasGod]

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Yes maybe given voting papers and offer in front of them that was CVA at noticed meeting of 18 Mar 2014 there is not need to give notice of follow meetings? Was there a further notice for UBIG 'a meeting of 7 April?

UBIG's meetings didn't have published notice. The theory is that, as a private company, there is no need to give public notice of meetings.

UKIO, however, as a public company, did publish notice of the first creditors' meeting. Whether there is a requirement to do so for subsequent meetings is unknown on here. Perhaps your contacts could find out.

[greenginger]

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Yes maybe given voting papers and offer in front of them that was CVA at noticed meeting of 18 Mar 2014 there is not need to give notice of follow meetings? Was there a further notice for UBIG 'a meeting of 7 April?

There was never any public notice for the UBIG meeting.

But UBIG was a private company whereas Ukio Bankas was a public company traded on the Vilnius stock-exchange.

[Greenworld]

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Sergey has done some great work on this thread, but, does seem to have got a bit carried away recently. Back to the script Sergey please.

Script ......Don't tell me this all been rehearsed you
naughty sergey

quite interesting watching the game unfold here with
our panel experts probing the points....

Maybe sergey and desantos could team up ..

[Glesgahibby]

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BACK TO BASICS !
FOH where named,yes "FOH" as the only group proposing a CVA and then accepted by BDO(administrators).
As far as purchasing HMFC and stadia,BDO have accepted FOHs CVA proposal to be put before creditors of UBIG/UKIO via there administrators and other creditors.
There is and never has been another CVA proposal
There is no time for another CVA proposal(tickity tock)
If FOH fail with this proposal then liquidation will follow.
Any inquiry,offer or emails from lawyers in Lithuania mean nothing,Hmm,nothing if this CVA is accepted or until it is rejected!
I THINK THAT JUST ABOUT COVERS IT

Apologies for re posting this but,
DESTANOS,please read the above and explain why the talk of "offers""no other offers"and timescales I think you mentioned "offers before 10am European time".
offers for what exactly?
FOH is the only legal offer on the table until it is accepted or rejected,no one at UBIG/UKIOs admin/creditors would be able to ask for offers or dictate timescales.

[ronaldo7]

the first meeting of creditors of BAB Ūkio Bankas will be held on 18 March 2014 (Tuesday) at 10:00 a.m., at the following address: Kovo 11 – osios g. 26, Kaunas (in the hall of the Girstutis Culture Centre (Girstučio kultūros centras)). The registration of participants begins at 09:00 a.m.

http://www.ub.lt/en/to-creditors/new...ab-ukio-bankas

[dangermouse]

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and this Friday is good Friday...Happy Easter to our scarf-twirling pink chums :)

The Good Friday Disagreement or the Easter Monday Malaise?

Who cares what day this alleged meeting is or isn't on? Our pink chums look like being toast soon. Shame we'll not have a final derby at ER to give them a right royal sending off.

What happens to the ticket money they have sold?

[Ozyhibby]

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The only thing I find sad is that our own team are so ****ing rubbish at the moment and can't even beat a club in it's death throws.

Without this thread there would probably be a large number of Hibbies lining up to throw themselves off a cliff........,

Would like us to win a couple of games before they finally go under.

While it's disappointing that we are rubbish just now, all our problems have a solution.
That's not true for them.
Since the money tap (summer 1012) was turned off our derby record has improved and they have never finished above us in the league.
It will get better still.
:-)

[Sanger]

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UBIG's meetings didn't have published notice. The theory is that, as a private company, there is no need to give public notice of meetings.

UKIO, however, as a public company, did publish notice of the first creditors' meeting. Whether there is a requirement to do so for subsequent meetings is unknown on here. Perhaps your contacts could find out.

according to Lith law there is no specified notive period but will check with contacts:

http://www.litlex.lt/Litlex/eng/Fram...cuments/21.HTM

[Sanger]

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Apologies for re posting this but,
DESTANOS,please read the above and explain why the talk of "offers""no other offers"and timescales I think you mentioned "offers before 10am European time".
offers for what exactly?
FOH is the only legal offer on the table until it is accepted or rejected,no one at UBIG/UKIOs admin/creditors would be able to ask for offers or dictate timescales.

See my conversation with CWG yesterday on this.

[Craig_in_Prague]

This is a wild guess, but could UKIO/UKIOs creditors be well aware the Yams are running out of money.
So by simply delaying things, they know the Yams will be forced into the big L due to cash running out - and so post that, they will get to sell the PBS and get 2-3X + more than the 2.5M being offered,

Of course, the fictional meetings and acceptance in a couple of days, the 22nd earliest, could all see the CVA being rubber stamped - but you can't help but think they know by doing nothing, they're debtor will be forced to fold.

Anyone think the same? I was never good at poker.

[AinsterHibs]

One way or another, if there is a meeting - there is a meeting, if there is no meeting - there is no meeting.

Let's just hope that this Friday is a Good Friday for us, and a Fridaymare / Mondaymare for them.

Bring out the dancing blenders.

[johnrebus]

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While it's disappointing that we are rubbish just now, all our problems have a solution.
That's not true for them.
Since the money tap (summer 1012) was turned off our derby record has improved and they have never finished above us in the league.
It will get better still.
:-)

I could not agree more.

Just want to see us hammer them into the ground before they go.

[Twa Cairpets]

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While it's disappointing that we are rubbish just now, all our problems have a solution.
That's not true for them.
Since the money tap (summer 1012) was turned off our derby record has improved and they have never finished above us in the league.
It will get better still.
:-)

Absolutely. Reminds me of the Churchill anecdote:

....Supposedly Bessiee Braddock encountered an intoxicated Churchill and said “Sir, you are drunk.” He replied:

And you, Bessie, are ugly. But I shall be sober in the morning, and you will still be ugly

[CB_NO3]

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This is a wild guess, but could UKIO/UKIOs creditors be well aware the Yams are running out of money.
So by simply delaying things, they know the Yams will be forced into the big L due to cash running out - and so post that, they will get to sell the PBS and get 2-3X + more than the 2.5M being offered,

Of course, the fictional meetings and acceptance in a couple of days, the 22nd earliest, could all see the CVA being accepted - but you can't help but think they know by doing nothing, they're debtor will be forced to fold.

Anyone think the same? I was never good at poker.

Why not just reject the CVA now, liquidate Hearts and put Tynecastle on the open market tomorrow? The fact they are not doing that suggests to me they still want a deal concluded. Thats just my own personal feeling.

[CapitalGreen]

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according to Lith law there is no specified notive period but will check with contacts:

http://www.litlex.lt/Litlex/eng/Fram...cuments/21.HTM

"Written notices of the convocation of a creditors' meeting
sitting must be sent to participants of the meeting no later than
10 days prior to the commencement of the sitting. "

[CropleyWasGod]

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Why not just reject the CVA now, liquidate Hearts and put Tynecastle on the open market tomorrow? The fact they are not doing that suggests to me they still want a deal concluded. Thats just my own personal feeling.

Presumably, it's because they are doing their own investigation on the worth of the PBS.

[green day]

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the first meeting of creditors of BAB Ūkio Bankas will be held on 18 March 2014 (Tuesday) at 10:00 a.m., at the following address: Kovo 11 – osios g. 26, Kaunas (in the hall of the Girstutis Culture Centre (Girstučio kultūros centras)). The registration of
participants begins at 09:00 a.m.

http://www.ub.lt/en/to-creditors/new...ab-ukio-bankas

And all they are doing is electing a commitee.

[Greenworld]

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Sergey has done some great work on this thread, but, does seem to have got a bit carried away recently. Back to the script Sergey please.

Script ......Don't tell me this all been rehearsed you
naughty sergey

quite interesting watching the game unfold here with
our panel experts probing the points....

Maybe sergey and desantos could team up ..

[Craig_in_Prague]

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Why not just reject the CVA now, liquidate Hearts and put Tynecastle on the open market tomorrow? The fact they are not doing that suggests to me they still want a deal concluded. Thats just my own personal feeling.

They now know they have an asset worth more than the offer from the CVA.
They know their debtor is running out of cash and are trying to force them to accept.
= Take your time, knowing that in weeks (if not days) your debtor will fold.

Politically, they wouldn't have forced the big L.

[greengnome]

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And all they are doing is electing a commitee.

And may I ask.... What is the Purple Princess doing while all this shenanigans are going on.... Things have went a wee bit quiet on her side?.....

[CB_NO3]

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They now know they have an asset worth more than the offer from the CVA.
They know their debtor is running out of cash and are trying to force them to accept.
= Take your time, knowing that in weeks (if not days) your debtor will fold.

Politically, they wouldn't have forced the big L.

You could well be right.

[CropleyWasGod]

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"Written notices of the convocation of a creditors' meeting
sitting must be sent to participants of the meeting no later than
10 days prior to the commencement of the sitting. "

Good spot.

However, does it say that that notice has to be publicly advertised?