Guided Missile

Here's one hypothetical response... ...and here's another one. The consensus was they were both sh !t ideas and that it would be better for Saints to go out of business....

It was this post of yours that reassured me, Neil: I'll file it under "Bulsh !t Baffles Brains"....

Since your reassurance regarding the Pinnacle bid, Neil, you're credibility is close to zero, at the moment...

I'm waiting expectantly for Dalek 2003...

That is no problem for a lawyer and normal practice when buying a company. You simply adjust the offer price for any material change in the value of the assets between exchange of contracts, payment of deposit and completion. The problem is the money, IMHO, not the audited accounts of a plc....

The Echo says that the holdup is a delay in Pinnacle signing a legal contract which commits them to paying a £500K non-returnable deposit...

A minor point.....Southampton Football Club happen to play at St. Marys (Owned by SLH), FFS. You're assuming that the bidder buying St. Marys Stadium is not Toys "R" Us looking to relocate....

So you don't have a clue about this guy and yet you disagree with me? He lists his address on the Companies House return and it's a house worth about £300K in Park Gate....don't tell him I posted that, though, he might be insulted...

The companies that Lynam is a director of are, according to the accounts he has lodged at Companies House, potless. He is Irish and lives in Locks Heath. Can you highlight in bold which "accusation" your mate would find "insulting"?

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....