Weston Saint

True, that is my worry but never under estimate Mr Fry and his office. He is an experienced man used to just this situation. He would not be in that position if he was anything other than successful. Let's hope he can get a positive outcome to the creditors and supporters satisfaction.

I have no agenda MM but can understand your suspicion. I am a supporter who just has a few contacts, friends and enough experience to form a reasoned and balanced opinion. You are right, it is a fans forum. My posting history is available to you. It is up to every poster as to what they make of it. I do not hold myself up as anything more than the average fan.

No I do not, is the simple answer

I am beginning to get very disillusioned by all this. I am getting whispers from several places tonight and it is not all good. However it is still subject to verification. We have a bid on the table with proven funds which does not appear to meet with the Administrators approval or at least he is not talking or making a decision. We have another group who have been in talks (allegedly today) but as no announcement I assume they have yet to put in a written bid...perhaps tomorrow. The only chink of light is Wild-Saints post following a reported chat by a family member with LeTissier, but why no announcement if it is correct. Time is running out. I hope Mr Fry does not mess this all up. I hope the other interested party does not mess this all up by not putting in an indicative bid. I hope the present bidder does not mess this all up by withdrawing the tabled indicative bid because of delays and lack of communication. The fat lady is not yet singing but the death knell is preparing to sound. Mostly (with few confirmed facts) in my opinion of course.

How do you know we did not know we were going into Administration?

Trousers...exploded...when? Trousers get on the internet and investigate.....Oh!

The person I put the question to above.

a ? at the end usually denotes a question. He has emailed me. He does't know or cannot/will not say. Edit. Sorry, my answer looks sarcastic. I apologize, that is not my usual style

Hi Neil. It appears Pinnacle do not have an interested party anymore?

And if you are wrong?

My opinion If you have the right skills you can find investors. Those investors, if interested, can prove funds and go through the early due diligence. If you have the right skills you can get them to the negotiation table with the Administrator and with the right advice reach a point where the investors make an indicative written bid for all or parts of the company. If the Administrator finds the indicative bid is the best deal for the creditors or there is no other indicative bid likely he can then give them preferred bidding status and a period for completeion for due diligence. During that time no other bid can be considered. The Administrator will not be able to give a guarantee that the information he provided fo the initial due diligence will stand up. It is for the indicative bidder to then carry out fairly expensive and extensive due diligence. When that is completed a formal bid is made and completion takes place. Anywhere along the way the "bidder" may withdraw. You can get good money men to the table but lots of things can happen on the way to completion. No one has got to the preferred bidder status yet. One has put in an indicative bid and negotiations seem to be continuing. I am not told the bid has been withdrawn yet or anyone else is at the table. Anyone want to correct my assumptions? All this rumour of a press conference is just that, rumour. The Administrator will report when he is ready. Let us hope it is not to tell everyone that the football club has been liquidated and no more.

No, would not recognise it if it bumped into me and apologised

You are assuming Pinnacle and MLT are involved John. I see no evidence they have done anything more than drop hints through the media and on here. Notice how quiet they have all gone today?

They and their supporters seem to have gone remarkably quiet! Perhaps they do not see Wednesday and the new Friday.

Looks like Russian Roulette and brinkmanship at play. Like you, I hope the fragile position is not shattered by this revelation (if Radio Solents attributation to the Administrator is correct)

Most of the media reports have been wide of the mark so far. I have a feeling this one might be the exception to the norm. Today could be an interesting day. Let's hope it does not all end in tears and the end of SFC. If he announces a preferred bidder today don't forget that will only trigger a further period of due diligence. As Dubai Phil has already said on another thread, the Administrator will not give a guarantee that the information he gave in the due diligence documents are correct. However it would be unusual for it to be wide of the mark.

As others have already mentioned, £20 per ticket is a bit steep and likely to put many off. Why have we not been told who, apart from Le Tissier, is playing? Needs a wow factor and so far, apart from Matt, it lacks any pull. My understanding is that ticket sales are yet to reach anywhere near 1000! I have mine but I fear the game will be cancelled due to lack of support.

I take it you know LM personally? Not a criticism, just an enquiry

Exactly how the people with the bid on the table and their advisors work. They have not said who they are, they have not said what their bid is, they have not unveiled their plans. They are going about it in a professional manner.

Apology accepted

How wrong you are. I hope you will apologise for that comment.

You are wrong. He posted the details thinking the address belonged to Pinnacle. When he realised it was Spence's home address he took it off the forum. But we all have opinions Tris, I just think yours is wrong on this occassion.

I have no idea. Just a few people have said we are almost gone but would not go into detail. Of course if the bid stands up and no one else comes in then I assume the Administrator will have to accept so from that point of view it is a chink of light. However like every bid, until it is signed and the money is handed over, nothing is certain

Not Pinnacle. As far as I know they have yet to put in a written bid.