Guided Missile

....but I think we witnessed one tonight. The death of the Pinnacle bid, I mean. I am not even going to bother to post the information I gained, while wasting £2 on Companies House, nor the address of the Semi-detached house in Barnet, in which our moneyman lives. Suffice it to say that, for the money that Mark Fry is charging, he could have afforded the £2 and saved everyone attached to the club a small fortune. All that is left is to wonder in which manner Tony Lynam is going to be ridden out of town. I must admit, I am totally against lynch mobs, but I must admit, I'm tempted to take a pitchfork and a short drive to Locks Heath. What a total, bullsh! tting, fantasist who has ruined a legends' reputation...

If "character assasination" is labelling Tony Lynam as an Irish Liverpool supporter, then I suggest he develops a thicker skin. He'll need it if he takes over at Southampton... The rest of what you say is not worth commenting on, because it's a poor attempt at "character assasination", doesn't bother me and I'm sure won't affect our friendship...

Robert Steel is a co-director of Pinnacle Asset Management Limited, together with Tony Lynam. I would call Pinnacle Asset Management Limited a small to medium enterprise, due to the fact that it had, as of 30th June, 2008, total net assets of £4. This was obviously before the Pinnacle Group, of which it is the oldest part, paid a deposit of £500K for the purchase of the assets of Southampton Football Club...

This is what Fry said: "In order to enter into the exclusivity agreement, the Consortium has paid a non-refundable, undisclosed fee, and as a result the Club is now in a position to pay its staff wages in full for the month of May." It's worth reading again....this time without moving your lips, Nick...

Thanks for the advice, Neil, but I think it may be worth providing you with some. I'm sure that shortly after Tony Lynam presented you with a cheque for the charity you raise funds for, you believed him when he said that the Pinnacle Group of companies, through which he has managed to build a net asset position of £6, paid Fry over £500K as a non-refundable deposit. You also ignored reports on Radio Solent that Crouch actually paid the deposit and have obviously not asked your mate whether this is true. Why would either of you bother with details like that? You're a Pompey fan and he's a Liverpool fan... Pinnacle paying well over £500K as a non-returnable deposit is looking like it's up there with "The cheques in the post" and "I promise I won't come in your mouth"....

Yeah...it's about £15M...

This is another one of the problems I am having with this deal. IF it is Pinnacle doing the deal and some mug has provided this company with £15M to spunk on Southampton Football Club, then Tony Lynam can sign the contract on behalf of Pinnacle to purchase the assets, as he is a director of said company. I say this, because we all know that Pinnacle is worth about 5 bob and is in no position to commit to a sizeable asset purchase without outside help. But this is not going to happen, is it? Any sane investor would ensure that it is his signature on the contract or if not, he ends up owning the assets, in the form of a holding company or something like it (Newco). Now, if Lynam has become a director of Newco, he won't be signing on behalf of Pinnacle or himself. Of course, he could be signing as an agent of Newco, but, why? What is likely to happen, IF this circus is for real, is for the money man to sign the asset purchase agreement, pat Tony Lynam on the head and make him Director of Pencil Sharpening at St. Marys and then enter the stadium in a blaze of glory. It's what rich people who buy football clubs do...

Monkey screeching...need organ grinder....

That's right, carlin, I'm a clueless troll.... To be fair to Tony Lynam, he could be on the verge of arranging a transfer of £15M on behalf of his client as soon as the Football League let us have our football back. On the other hand, if it all turns out to be a kite flying exercise by an Irish born, Liverpool supporter to make a 5% commission to pay off his Property Company's significant debts, and his time wasting punt causes our club to go to the wall, I wonder whether any of the gormless cheerleaders on this site will still be shaking their pom-poms....? Let's all hope that I'm a clueless troll, shall we?

I know a f*** sight more than you or any of the other posters believe and have done for a long time. I hope I'm wrong, but something just doesn't add up about Pinnacle. For a deal dreamt up in the Lock, Stock and Barrel, with a Mr. Andy H. supplying the link to MLT, I'm amazed that it has got as far as it has. I know a few millionaires and a couple of billionaires, but not one hangs around in said pub, nor lives in Locks Heath, no disrespect to Locks Heath. Mind you, if you run a flag up a very high flagpole you are bound to get one or two standing to attention, even if they may be total dreamers as well...

Oh Christ, Ron, don't tell me it's Dan Williams from Ringoes, New Jersey. That would explain everything. If he is the "moneyman" behind the deal, we're f***ed. No wonder he is keeping his name out of the deal. He's a bigger clown than Jackson...

Not that I don't enjoy watching the monkey jump up and down, screeching and holding his tin cup out for coins, but let's face it, this isn't a drug deal, it's the purchase of a football club and we should know who the guy is. I am/have been, struggling to work out the possible reason for the reluctance of the man writing the cheque to show the leadership and backbone to blow Jackson et al into the weeds by identifying himself. A rough idea of his net worth would be handy as well, just to prove what a jerk-off I am for thinking that the reason he hasn't been named is because he doesn't exist. If there was ever a time to lay it on the line, it is now, because neither Fry, nor the f***ing Football League would be a problem for a guy that is worth several hundred million pounds. Come on, Tony, put me in my place....

You could have lied a little bit. Ah well, off to bed. This bantering has tired me out and if I read another insult from Colin, I'll have nightmares... All the best, Neil. We must have that pint one night....

I'll bear that in mind Colin and start to panic and post meaningless insults. That should help....

Colin, I much prefer an argument, i.e. a connected series of statements intended to establish a proposition. You're simply contradicting me.

Thanks for that lesson in tact, Colin....

Unfortunately, you're bang on....the missus is at Ascot....

Neil, you have exactly two more posts to convince me Tony is still going to do the deal, as I will be in bed before midnight, with something hot beside me...

I was waiting for someone to blame Lowe.....:badgrin:

Stop replying to my posts then, Rob and put me on ignore. You're only encouraging me....

I'm still hoping to use it, TBF...

Excuse me for starting a separate thread on this, but this is an important and distinct point, IMO. It appears that the deal has collapsed because Pinnacle assumed all along that by buying an asset of Southampton Leisure Holdings plc, ie shares in Southampton Football Club, Pinnacle was assuming that as the Football Club is a separate and legal entity from the Holding company and was solvent, they would be able to appeal the 10 point deduction. This seems to have been an afterthought, however, as this is what Tony Lynam posted on this forum after being given preferred bidder status: It just shows the danger of posting bull sh!t on forums before you have run it past your lawyers....

So the correct approach is what you and Pinnacle are advocating, which is to stand firm, tell the league to f*** off and see them in court, then? I'm suggesting they pay the money they agreed, for the club that had a 10 point deduction when they made their offer, which presumably had factored in the 10 point deduction and make the 10 points up on the back of the euphoria generated by our new, multi-millionaire owner and 5 year plan. Remember the 5 year plan???? 10 points doesn't seem a lot over 5 years, does it?

I am far from being way off the mark.... The only reason Pinnacles' client is getting the bargain of the century in the form of a cut price 32,000 seater stadium is because SLH went into administration. This allows them an advantage over nearly every other club in League One in terms of potential revenue, thus player investment. The £15-20M they are saving on the deal, on the back of shareholders and creditors who are losing their shirts, is costing ten points, ie 3 wins and a draw. Like I said, Money Talks and Bull sh!t Walks....

Bang on the money, Steve and correct me if I'm wrong, but this would have been known before Pinnacle made their offer, wouldn't it?