Weston Saint

But have they confirmed they are in Spence, or is it promise from Mr Fialka that he can raise the funds? He hardly appears to have a track record!

Quite honestly when someone is put forward as the money man and you can find very little about him it does start alarm bells going. Give the media a bit of time and they will no doubt turn over some stones. Is this why the "investor" did not want to go public but panic started to set in, wages were not paid and he was forced into the public domain. Will the full scrutiny of the media proving he was not what he told Pinnacle? Let's hope GM is wrong this time but I am beginning to worry he is on the button again.

Nope, if Fry gives someone else preferred status he cannot deal with Pinnacle until that period is over. I am still hopeful Pinnacle will complete shortly but every day that has gone by since last Friday makes it less likely.

So here were are, 6pm on Thursday 25th June and the employees wages not paid. Unless Pinnacle have agreed to complete the deal tomorrow or another buyer enters exclusivity with a non refundable deposit I can see the next move from the Administrators will be to liquidate the club. They have no money coming in and no money in the kitty to pay bills since Administration. Are the employees being asked to continue to work for nothing? Should the Administrators not be making a formal statement?

One major problem looming....the staff have not been paid...no money coming in....FL/Pinnacle in dispute, no football licence to continue....surely this means the next announcement from Mr Fry will be the liquidation of the club. He has no money to do anything else. We need this sorted and now. Why does the money man not put in some more to keep excusivity for another week if he intends to proceed no matter what the outcome? He risks losing what he has already paid otherwise.

Just an alternative view of matters. Not sticking up for anyone.

Absolutely agree Duncan.

Not defending MJ or the Echo but has anyone thought that as Peter Reid is under contract he is hardly going to say he has been approached and will come in if the right party gained control of the club is he? Where would that leave him if another party gained control? Nothing is as straight forward as it seems in life, particularly in football circles so I am treating everything with suspicion.

About bloody time

Not sure it will be a case of guzzumped but match the terms Pinnacle have already agreed. The fact that Fry is actively talking to others suggests he is losing confidence in Pinnacle big time. This is a big worry for staff at SMS and us supporters.

Nick, NSS has used up his 3 posts for the day but has emailed me a reply to post up for you. Nick, you are reading me wrong. My post was in any case hypothetical, but I was not suggesting that the original bid may have been made on an assumption that the penalty would be waived, merely that the bidders may have received expensive legal advise to suggest that that an appeal stood a very good chance of succeeding and that this may have been taken into account when negotiating a price with the seller. All the signs seem to be that the group intend to proceed with the purchase come what may, but understandably they are keen to do so on the most favourable terms for the club and themselves. I would have thought that would be what every Saints fan would want and expect them to do.

If we start with -10 and are given the right of appeal it leaves uncertainy affecting the whole league. The FL want it sorted before the fixtures start. That is my take on the statement.

I am beginning to get very worried about all this. Solent read out a text they had received from Mr Lynam at 8:20am. Reading between the lines it seemed to me that unless the FL relent and allow the right of appeal, should the new owners wish to take up that option, then the purchase will not likely take place. Then we have the Swiss? Where are they today? Have they cooled, assuming they were realistic bidders? Now we have the MiddleEastern Businessman who Fry is reported to have had talks with last night and I have no doubt that is correct. Is Fry losing confidence in Pinnacle? Is their interest so flakey as to cause him to open up other avenues. If he was confident of the detail why not give Pinnacle an exclusivity extention. Appears to me Fry is a worried man and if he is worried we all have to be equally worried. I hope I am wrong with all this and that following further talks with the FL today an agreement can be reached and, assuming the other legal matters with creditors has been sorted, we can move to completion tomorrow at the latest.

Problem is they have Counsels Opinion saying 70% chance of success in overturning the situation. To me 70% is a risk and I am sure the FL will have an equally bullish opinion but you have to weigh up the costs against the gains. I ran a case in the Commerial Court in London where I had a similar % but with a little previous judgement history in my favour. If I lost it was likely to cost £1m in damages and risk opening a can of worms. If I won it was saving me and cementing previous judgements. As it happens I won but it was a big risk. Both sides will think they can get a judgement. The FL appear to be taking that risk away by saying if you want the golden share to enable you to play in this league you must abide by our decision. Did you get my note?

Think you mean me. No my average was 7MB before a line upgrade on 11th June. That is when the problem started!! They are still scratching their heads as to why the speed is so low!

Well I am having problems since they upgraded my line. BT have already dug up outside. Built a new junction box, new cable but still they cannot find the problem.

I was assured today from someone who knows that it is not Dan Williams behind the Pinnacle bid. Phew!!

Nice to get these updates from Mr Lynam. Reading between the lines it seems to me we are still a few days away from the deal being completed. FL may make a decision today but he has mentioned other small legal matters and completion in a timely manner.

Same way as you can pick out someone who has posted before but registers under a new name. It is about style, spelling and grammar and in the case of this poster, time of postings as he is in America. Then you ask other regular posters to look at the postings and form an opinion. Nothing more sinister than that.

Not holding his candle. I am in the Pinnacle camp. I do not get free tickets. Ask Derry. I sit with him at games and pay my way.

I had a call this afternoon asking who Mole & Mr Nice were as their postings were causing some concern . When I told him the only comment he made was :smt046 Nice to know you can make someones day. Thanks to my girls for a great fathers day as well.

GM has a point though. Latest rumour doing the rounds is that Dan Williams is the "money man" That should please GM Oh, it is also rumoured that Dan Williams posts and reads this site. He registered 4 days after we went into Administration! Why would he do that?

I think this is unlikely from what I am hearing from that group. Anyway, they could not interfere whilst the exclusivity period was in place and although it seems to have ended last night I do not expect the group to have much influence in the next few days. It is either the other group in touch with the Administrator or others listed in the initial post.

Yes and I saw your very persuasive comments on another thread today after I posted this and the earlier comment on this thread.

How can anyone on here protest to the FL when they do not know what they are protesting against? "Pinnacle" have not said what the problem is. Fry has not said what the problem is. The FL have not said what the problem is. Hold the protests until there is an official statement. Until then it is all speculation