Master Bates Posted 22 May, 2009 Author Share Posted 22 May, 2009 Haven't you been texted yet MB!!! I am waiting..... I have, but it wasn't takeover related AND there's already a thread on it so didn't need to. I can, how ever, provide you with a pm Link to comment Share on other sites More sharing options...
Saint Lindford Posted 22 May, 2009 Share Posted 22 May, 2009 *Passes Richmond the immodium* I get a similar impression to be fair. I feel that Fry may have become a bit worn out and frustrated by the lack of financial action (rightly so) and has pushed Pinnacle and the joker Jackson gang to the side, preferring more serious players. I believe he is playing a risky strategy but I can't blame him. Purely supposition (what else do we do on here?!) He hasn't much else he can do with a poor offer from Jackson, Green, esq. (and not a good track record for reliability) with add ons, phased payments (not what creditors want - they want money on the table.) Then the lack of payment (exclusivity) from Pinnacle and the 500k deposit (whether they aren't able to find funding or it's just a strategy is anyone's guess but Fry may favour someone else as a result of this inaction). Then we have this foreign interest which I, frankly, believe. I also believe that Fry may use this as his best (only) bet, being properly financially backed according to reports (if true) and levering some action from this mysterious biddder on the back of the former, less promising bids. Who's to guess?! Not me. Well, errrrrrrr....I just did. Tried to figure something out. I do believe the foreign option is the bid Fry is keen to encourage, purely from the simple need to sell the club and pay off the debt. Serious backer, serious money, actions, not words. Tick, Tock, Tick, Tock.......... Why would Fry be keen to encourage the 'foreign option'? It would have to be a very good package (does he even know what it is yet?) to beat the Pinnacle one which was deemed to be good for the creditors and also for the long term future of the football club (something that is paramount in most of our minds). I hope Mr Fry is not playing Russian Roulette with our club. The clock is ticking and I hope that it is not attached to a very large bomb. Link to comment Share on other sites More sharing options...
thorpie the sinner Posted 22 May, 2009 Share Posted 22 May, 2009 I have, but it wasn't takeover related AND there's already a thread on it so didn't need to. I can, how ever, provide you with a pm I can't believe you can think about something like that when we are in crisis!!! Was that the wife? Link to comment Share on other sites More sharing options...
SaintRichmond Posted 22 May, 2009 Share Posted 22 May, 2009 Why would Fry be keen to encourage the 'foreign option'? It would have to be a very good package (does he even know what it is yet?) to beat the Pinnacle one which was deemed to be good for the creditors and also for the long term future of the football club (something that is paramount in most of our minds). I hope Mr Fry is not playing Russian Roulette with our club. The clock is ticking and I hope that it is not attached to a very large bomb. THAT is the thing worrying me ..... WHY has Fry "declined" the Pinnacle bid ??? FRY is there for the benefit of the CREDITORS We are led to believe that the CREDITORS were not against it ...... SO, How come FRY can ( apparently ) veto it ???? We have NO proof that the "Foreign" bid is anything other than "talk", ( unless of course it's a rescue package being assembled by Michael Wilde and others ??? WHY have I always had the notion that Fry is there as a "puppet" ??? Link to comment Share on other sites More sharing options...
Big Bad Bob Posted 22 May, 2009 Share Posted 22 May, 2009 WHY have I always had the notion that Fry is there as a "puppet" ??? Would you, for pities sake, please drop this idea of yours. FRY IS NOT, REPEAT NOT, WORKING FOR RUPERT LOWE! Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 22 May, 2009 Share Posted 22 May, 2009 Would you, for pities sake, please drop this idea of yours. FRY IS NOT, REPEAT NOT, WORKING FOR RUPERT LOWE! Glad you said it. One of the stupidest things i have ever heard Link to comment Share on other sites More sharing options...
SaintRichmond Posted 22 May, 2009 Share Posted 22 May, 2009 Would you, for pities sake, please drop this idea of yours. FRY IS NOT, REPEAT NOT, WORKING FOR RUPERT LOWE! I don't recall mentioning Lowe ( on this ) Many on here have told me that he won't be coming back, so, fine, I accept that But Michael Wilde has been too quiet IMHO. He must have had a plan when he got together with Lowe ?? Although Lowe is no longer around, Wilde WAS a Saints fan after all, and he did lose a lot of money, (as opposed to Lowe, who picked his shares up in cheap dubious circumstances, so in my book, lost Zilch ) Link to comment Share on other sites More sharing options...
SaintRichmond Posted 22 May, 2009 Share Posted 22 May, 2009 Glad you said it. One of the stupidest things i have ever heard Which do you mean ?? What I said, or what Bob said ?? Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 22 May, 2009 Share Posted 22 May, 2009 Which do you mean ?? What I said, or what Bob said ?? No offence to you just the inclination that Fry is working 'for' lowe. That just would never happen. I know we have been 'told' that the pinnacle bid was acceptable to creditors but whether it is actually fact is another matter. IMO Fry is either playing a very dangerous game or it simply was not a good enough offer. The idea he is a puppet just has no legs. Link to comment Share on other sites More sharing options...
Big Bad Bob Posted 22 May, 2009 Share Posted 22 May, 2009 Which do you mean ?? What I said, or what Bob said ?? I never say stupid things, except that once And FWIW, Fry is only working for BT!! Link to comment Share on other sites More sharing options...
Sinned Posted 22 May, 2009 Share Posted 22 May, 2009 I know I'm thick and don't understand anything at all, but I understand that the Pinnacle bid was accepted, but part of that deal was that they had to deposit a £500,000 non-returnable deposit for the matter to move on to exclusivity. Although thet had agreed that condition, when push came to shove, they either could not or would not pay it over. I think Fry's statement on the OS seems to back this up. Link to comment Share on other sites More sharing options...
Polaroid Saint Posted 22 May, 2009 Share Posted 22 May, 2009 No offence... ...a very dangerous game or it simply was not a good enough offer. The idea he is a puppet just has no legs. genius! Link to comment Share on other sites More sharing options...
Frank's cousin Posted 22 May, 2009 Share Posted 22 May, 2009 Why would Fry be keen to encourage the 'foreign option'? It would have to be a very good package (does he even know what it is yet?) to beat the Pinnacle one which was deemed to be good for the creditors and also for the long term future of the football club (something that is paramount in most of our minds). I hope Mr Fry is not playing Russian Roulette with our club. The clock is ticking and I hope that it is not attached to a very large bomb. Hi Si I think Fry wont be playing games at all and will accept at the very end any bid that is greater than the estimated liquidation sale - the brinkmanship is in keeping more than one party at the table to ensure a bit of rival bidding and improve the bids - the best of which in theory will become teh preferred bidder and enter contractual negotions stage... It seems to me that to date Fry is probably frustrated because both Pinnacle and MJ/SG bids showed initial promise in outline but have failed to demonstrate proof of funds to the level of the outline bids ... Link to comment Share on other sites More sharing options...
Smirking_Saint Posted 22 May, 2009 Share Posted 22 May, 2009 genius! God i wish i meant that, i just lol'd at myself Oh, i mean.... well, just a born comedy genius me !! Link to comment Share on other sites More sharing options...
Frank's cousin Posted 22 May, 2009 Share Posted 22 May, 2009 I know I'm thick and don't understand anything at all, but I understand that the Pinnacle bid was accepted, but part of that deal was that they had to deposit a £500,000 non-returnable deposit for the matter to move on to exclusivity. Although thet had agreed that condition, when push came to shove, they either could not or would not pay it over. I think Fry's statement on the OS seems to back this up. Which would support teh speculation that the backers might struggle to liquidate sufficient of their assets quickly to provide the cash necessary to support the bid? Link to comment Share on other sites More sharing options...
SaintRichmond Posted 22 May, 2009 Share Posted 22 May, 2009 I know I'm thick and don't understand anything at all, but I understand that the Pinnacle bid was accepted, but part of that deal was that they had to deposit a £500,000 non-returnable deposit for the matter to move on to exclusivity. Although thet had agreed that condition, when push came to shove, they either could not or would not pay it over. I think Fry's statement on the OS seems to back this up. Would that £500K have been used for the same purpose as Crouch's £??? "loan" to SFC ??? If not, WHY is a £500K deposit required " Can I have £500K " " Will the Club still be in existance then ?? " " Don't know, no guarentee " " I'll take a rain check on that then ?? " " OK, you're now on the back burner. I'll ask Mr Jackson now " Funny old game Saint, funny old game ........ Link to comment Share on other sites More sharing options...
EastleighSoulBoy Posted 22 May, 2009 Share Posted 22 May, 2009 I think that it is safe to assume that any or all offers are put to the major creditors? It wouldn't be professional for Fry to make an autonomous decision unless he has been told we want this and that and if we don't get it then turn any offers down. He would, I think, still give them the courtesy of telling them here's the deal, I'm about to turn it down unless you instruct me otherwise. To a layman such as myself it's hard understanding this malarkey and in the end one or both of the major institutions surely has to bite the bullet or liquidate SLH? Link to comment Share on other sites More sharing options...
bridge too far Posted 22 May, 2009 Share Posted 22 May, 2009 My understanding is that the Administrator has to make regular (monthly?) reports to the creditors. This is the best explanation I've been able to find - it's worth following the links within the article: http://www.companyrescue.co.uk/company-rescue/options/detailed_administration.aspx Link to comment Share on other sites More sharing options...
trousers Posted 22 May, 2009 Share Posted 22 May, 2009 Would you, for pities sake, please drop this idea of yours. FRY IS NOT, REPEAT NOT, WORKING FOR RUPERT LOWE! Technically correct but bear in mind that Lowe (WH Ireland) did put Begbies Traynor on their 'buy' list at the beginning of the year, so there is a connection, albeit one that is just slightly more than tenuous.... Link to comment Share on other sites More sharing options...
Big Bad Bob Posted 22 May, 2009 Share Posted 22 May, 2009 Technically correct but bear in mind that Lowe (WH Ireland) did put Begbies Traynor on their 'buy' list at the beginning of the year, so there is a connection, albeit one that is just slightly more than tenuous.... Don't, just please don't!! It's bad enough that SaintRich sees RL in his closet when he goes to bed at night without you adding fuel to nightmares!! Link to comment Share on other sites More sharing options...
Lets B Avenue Posted 22 May, 2009 Share Posted 22 May, 2009 Just, Belch! back from the pub. The informed word is ...Dont write Pinacle off yet. Crouch has stumped up so even a certin director gets paid. Thats as ITK as I can be, but at least I'm not scared to walk the streets. Link to comment Share on other sites More sharing options...
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