Guided Missile

Ron, unless you are their bank manager, you have no clue whether they "would have no problem" with the deposit, as you are relying on what you have been told by salesmen trained in bulls h!t. I pray I'm wrong, but I think we'll find that we have some kite fliers who are thrashing about trying to raise funds, to play their game of Monopoly. Writing a cheque for £500K really does concentrate the mind and the "moneymen" have rarely earned their money on the back of a couple of chancers who have failed to make money in business themselves. I think it will be a case of, "Do not pass Go, do not collect £200". But, again, I hope I'm wrong...

My gut feel is that Pinnacle, or anyone else, for that matter, will have to provide a deposit of, say, 5% of the offer price, for the privilege of having "preferred bid" status conferred upon them, together with proof of funds for the remainder of the bid. This deposit would only be returnable should further due diligence uncover a material change in the club's circumstances to that which have already been presented, ie there's not much chance of getting the deposit back. This would be a fair request from Fry and one which, IMHO, neither Lynam nor Jackson, would have any chance of meeting, because £500K in readies and proof of access to £10M in available funds, would be a major problem for a pair of dreamers like these. Still, we could be an hour away from the same-day transfer of the money, some eccentric millionaire has entrusted a potless Irishman from Locks Heath or a former bankrupt photocopier salesman, to spunk on his behalf...

Is the £8M offer inclusive of the Monkeychicken petting zoo??

Only mention of Saints on the 12:00 o'clock news on Solent was about the f***ing rugby world cup at St. Marys....

You were never good at irony, Ron...

In addition to plugging a very good cause and showing what players like Matt Le Tiss do for both charity and a game of golf, I thought it may be worth posting a picture of the day the romance between Pinnacle and Matt Le Tiss first started. I look forward to the moment that our Irish saviour is holding up the Championship League Trophy, in about 4 years, according to their media release. This may provide a snapshot of that happy day....

No, that's right....it's probably HBOS. They were delighted to lend £1.37M to this bloke and given the success of his group of companies, can't wait to pile in for a few more quid. They are probably phoning round their mates, telling them what a financial genius he is at spotting an asset that will provide a good return. I bet none of them thought of a bankrupt Div 1 football club. This site should be renamed the Gullible Dreamers Forum, so I think I'll take a break for a few days. I'm looking forward to return when Pinnacle bring in the multimillionaire investor, to post a grovelling apology.

See above...and many apologies, it's hard to concentrate when you're witnessing a train wreck....

Feel free to make up stuff to support some form of preconception you have about the Pinnacle Group, but I happen to base my opinions on facts. Tony Lynam is a Director of three companies, all starting with the name Pinnacle. He has chosen the only one yet to file accounts, Pinnacle Property Consultants Limited, to apparently conduct business with the receiver. It was only set up, June 3rd, 2008 and given the asset base of Pinnacle Asset Management Limited, I'm not that confident it will have done a lot of business. The last company that forms a part of his empire is Pinnacle Development Finance Limited and as of 31st October, 2007, this company owned one property which was purchased for £1.2M on the 20th November, 2006, with, it appears, a mortgage from the Bank of Scotland. The balance sheet of 31st October, 2007 shows assets of £1.4M with borrowings of ca. £1.37M. Still I bow to your superior knowledge and am sure that Pinnacle will be able use it's contacts at HBOS to secure funding. Of course, since October, 2007, in the rampant property market, our Irish entrepreneur may have exceeded my expectations, but, I can't say I'm optimistic....a touch of the Blarney stone about this whole thing for me, but I hope I'm proved wrong.

Derry, unlike me, Mark Fry does not give a sh !t giving the time of day to these wasters. When you're on a couple hundred quid an hour, it is easy to look interested, when they tell you about all of the rich businessmen they've sold photocopiers/plasmas/insurance to....

Generally, it is better to hold discussions with the organ grinder. The monkeys normally just screetch a lot and then steal change out of your pocket...

"The Charge of the Light Brigade" comes to mind...

Sorry - missed last nights' other pointless thread on this journalistic pile of dung....

Unless you want to be completely depressed. Fry "hopeful" deal will be done in next 24 hours"....."hopes to align himself with potential purchaser"..."there are some late expressions of interest".... Bottom line is that there is a "decisive" meeting with Pinnacle today. Hopefully one of the first questions is how a company with net assets of £4 got past the reception. They're normally more selective on the occcasions I've been up to a corporate box. Jackson rates a mention as his initial "offer" was below expectations and not been acknowledged by the administrator. In other words, f*** off you bull sh !ting salad dodger.... Lads, we're screwed....

If you left a message for Tony Lynam, I'm going down the pub to get drunk....

At the moment, all I can think of saying is "This is another fine mess you've got us into, Stanley..."

Neil, you are now confirming my worst fears, namely that Rons' knowledge of a potential bid amounts to the Pinnacle led bid. Call me a cynic, if you like, but this all sounds like a crock of sh !t. Just because Tony has played golf with Matt a couple of times and has tried to sell insurance to a few rich businessmen does not qualify him as a good candidate for taking over Saints. If he has told you that Pinnacle Asset Management Limited have been involved in bigger deals than this, then, frankly, he is full of sh !t. Involvement normally means earning a pecentage of the deal or a fee and with an net asset base of £4, including retained profits, I can't quite see that it was achieved through that vehicle. Finally, why the f*** would an extremely rich man need a 33 year old ex-insurance salesman to carry out a deal on his behalf. Either he's a deaf mute or never heard of Price Waterhouse, et al. No, you've confirmed it for me. If this is our best hope, we're f***ed...

Pound to a pinch of sh !t it's Saint David...

I think that the Administrator may well be. He's drained as many billable hours as possible, trying to sell a pig in a poke and maybe there're a few more days left, before he has to write his report, present his final invoice and let Barclays and Aviva know what the reality is. Are there really only 2 "bids", both from dreamers looking for someone else's money to gamble with, in the midst of the worst recession since the 30's and Frys' desparate attempt to shake a foreign bid out of the tree? What if the cards he's stacking, suddenly all fall down, in the first breeze called "proof of funds"? It will be difficult for him to face the reality that no-one wants to/can buy a club two seasons away from the Conference. Compared to him, how will the ordinary fans react to the same potential outcome? I have to confess, the circus that surrounds the bidding process, fills me with dread that we are actually witnessing the silent death throes of a football club that has been around for over 120 years. How will you cope? I'm already thinking of alternatives, trying to readjust my plans for next year. We can joke, blame, criticise, donate but can you face up to the end? It could happen very suddenly and it will be a faceless credit committee that pulls the plug on the life support....

I've removed it. Pity you quoted it, you muppet...

Domain name: pinnacleassetmanagement.co.uk Registrant: Spencer Farmer Registrant type: UK Individual Registrant's address: ****** Registrar: Fasthosts Internet Ltd [Tag = FASTHOSTS] URL: http://www.fasthosts.co.uk Relevant dates: Registered on: 09-Jan-2004 Renewal date: 09-Jan-2010 Last updated: 11-Dec-2007 Registration status: Registered until renewal date. Name servers: ns1.livedns.co.uk ns2.livedns.co.uk

That's nown as a typo...

A grammatical error on your post still remains though: "if their" should read "if they're"....

I'm prepared to bet you £100,000 that neither Marc Jackson, nor Pinnacle Asset Management have tabled an offer and provided proof of funds to Mark Fry. The reason? Neither of these jokers have got the funds and there is absolutely no reason why any sane businessman with the funds would need/want either of them for either advice or support. If you stopped reading the Echo website for all your information and engage your brain, you may understand why everything we have been told to date is the product of fertile minds, trying to sell either a football club or papers.... Failing that, spend a quid on Companies House and check out the Balance Sheet of Pinnacle Asset Management. In fact, I'll save you the f***ing money. As of 31st August, 2008, Pinnacle Asset Management Limited had net assets of £4. They were in better shape in 2007, when their net assets totalled £6. Pinnacle Property Consultants Limited was only set up on June 3rd, 2008 so have yet to file accounts, but if the success of Pinnacle Asset Management Limited is anything to go on, I'm not optimistic. Hard not to take the p!$$, isn't it?

On the contrary, my little Edelweiss....or as they sing in your country: Mutig in die neuen Zeiten, Frei und gläubig sieh uns schreiten, Arbeitsfroh und hoffnungsreich. Einig laß in Bruderchören, Southampton Football Club, dir Treue schwören. Vielgeliebtes Saints, Vielgeliebtes Saints.