Colinjb Posted 22 June, 2009 Share Posted 22 June, 2009 Now that Mark Fry has openly declared he is in talks with other parties could Pinacle's work be about to be totally undone? Surely nothing could stop this, especially if Fry appeals for someone with serious intent to pay the bills by thursday...... Link to comment Share on other sites More sharing options...
RobM Posted 22 June, 2009 Share Posted 22 June, 2009 Nothing at all... Right now somebody could be on the phone with Fry doing exactly that and Pinnacle wouldn't be able to stop it. The only thing that may prevent it is honour and goodwill from Fry's part, but there is little room for that in business. Link to comment Share on other sites More sharing options...
SP Saint Posted 22 June, 2009 Share Posted 22 June, 2009 Nothing at all... Right now somebody could be on the phone with Fry doing exactly that and Pinnacle wouldn't be able to stop it. The only thing that may prevent it is honour and goodwill from Fry's part, but there is little room for that in business. I don't think honour and goodwill come into it. Pinnacle have run out of time as of Friday last week. If someone offers £500K for exclusivity Fry would more or less have to take it, especially as we're once again about three days from going out of business as the wages will need paying. Link to comment Share on other sites More sharing options...
Hopkins Posted 22 June, 2009 Share Posted 22 June, 2009 I think honour and goodwill does come into it. Fry wants to sell to Pinnacle. Pinnacle and Fry have both said that Pinnacle will still be buying this club. If not solved by Thursday I think Pinnacle could be asked for some money to pay wages that they will have planned on paying anyway. Link to comment Share on other sites More sharing options...
NickG Posted 22 June, 2009 Share Posted 22 June, 2009 guess that call would not come out of the blue and would give Pinnacle time to react. Actually there isn't some ongoing right to get exclusivity for that fee - it was something asked for by Fry, so until he asks for it guess it ain't going to happen Link to comment Share on other sites More sharing options...
Mole Posted 22 June, 2009 Share Posted 22 June, 2009 Pinnacle will sign tomorrow IMO. Link to comment Share on other sites More sharing options...
NickG Posted 22 June, 2009 Share Posted 22 June, 2009 so answer the OP's question, the thing to stop it is maybe its not on offer at the moment Link to comment Share on other sites More sharing options...
S-Clarke Posted 22 June, 2009 Share Posted 22 June, 2009 There is nothing to stop it. This is why it is in the best interests of EVERYBODY to get this deal done within the next 24 hours, now the league have made their stance - we are now no longer ''unsure'' of how they stand. Now the ball is back in Pinnacles court - please don’t let this drag any longer than it should... Link to comment Share on other sites More sharing options...
Matthew Le God Posted 22 June, 2009 Share Posted 22 June, 2009 Pinnacle may have to sign first thing tomorrow to stop that happening. Link to comment Share on other sites More sharing options...
aintforever Posted 22 June, 2009 Share Posted 22 June, 2009 I think honour and goodwill does come into it. Fry wants to sell to Pinnacle. Pinnacle and Fry have both said that Pinnacle will still be buying this club. If not solved by Thursday I think Pinnacle could be asked for some money to pay wages that they will have planned on paying anyway. Think your wrong, if someone turns up with a suitcase with 500K in they would get exclusivity straight away and Pinnacle will be out in the cold. Link to comment Share on other sites More sharing options...
NickG Posted 22 June, 2009 Share Posted 22 June, 2009 only if Fry has asked for it, its not just standard practice. Link to comment Share on other sites More sharing options...
1976_Child Posted 22 June, 2009 Share Posted 22 June, 2009 bugger all. (to be honest, if they pay the wages for another month then it gives us a lifeline. If the wages and bills don't get paid this week then that is curtains.) Link to comment Share on other sites More sharing options...
Mole Posted 22 June, 2009 Share Posted 22 June, 2009 Think your wrong, if someone turns up with a suitcase with 500K in they would get exclusivity straight away and Pinnacle will be out in the cold. Are you thinking what i'm thinking? Link to comment Share on other sites More sharing options...
1976_Child Posted 22 June, 2009 Share Posted 22 June, 2009 did anyone hear about the these two Japanese blokes trying to get into switzerland with 134 BILLION dollars worth of (fake) US Treasury Bills? Link to comment Share on other sites More sharing options...
saint_ed Posted 22 June, 2009 Share Posted 22 June, 2009 Pinnacle will sign tomorrow IMO. I agree, purely on the basis they have to as there is a very real chance they will miss out if its not done by the morning. Link to comment Share on other sites More sharing options...
1976_Child Posted 22 June, 2009 Share Posted 22 June, 2009 I agree, purely on the basis they have to as there is a very real chance they will miss out if its not done by the morning. well I hope so. I also hope that those other two small legal "technicalities" that Mr Lynam has been talking about have also now been resolved so that he can walk into SMS tomorrow with his bic biro and just sign the darn deal. Then we can hire KK and get back to football, win League 1, then win the Championship, then win the Prem and then win Europe all whilst picking up a couple of lager cups and the odd Association Challenge cup as well. Link to comment Share on other sites More sharing options...
VectisSaint Posted 22 June, 2009 Share Posted 22 June, 2009 Now that Mark Fry has openly declared he is in talks with other parties could Pinacle's work be about to be totally undone? Surely nothing could stop this, especially if Fry appeals for someone with serious intent to pay the bills by thursday...... Nothing at all. On the other hand, no other party can satisfy our creditors until they are given guaranteed FL membership either so any other deal is also dead in the water. You'd better hope that Pinnacle do a deal, the alternative is an entry into the Wessex League. Link to comment Share on other sites More sharing options...
1976_Child Posted 22 June, 2009 Share Posted 22 June, 2009 Nothing at all. On the other hand, no other party can satisfy our creditors until they are given guaranteed FL membership either so any other deal is also dead in the water. You'd better hope that Pinnacle do a deal, the alternative is an entry into the Wessex League. not true. The other consortia might be prepared to take the 10 point spanking and get the license back. that is all that is at stake here. the FL are not saying we can't play in the league; all they are saying is they want assurance that we won't sue for an appeal agin the points penalty. Link to comment Share on other sites More sharing options...
VectisSaint Posted 22 June, 2009 Share Posted 22 June, 2009 not true. The other consortia might be prepared to take the 10 point spanking and get the license back. that is all that is at stake here. the FL are not saying we can't play in the league; all they are saying is they want assurance that we won't sue for an appeal agin the points penalty. No that is the whole point, it is not all that is at stake here, as TL and several others have pointed out on numerous occassions. There are other legal issues to be resolved as well, and this would be no different for anyone else. The issue is with Barclays or one or more of the other creditors, not just the FL issue, which on the face of it seems close to resolution. Any other party coming in now, would not be able to complete for weeks (3 at least), and until they can then we have no entry into the FL, we also cannot pay staff later this week. The Pinnacle deal is our one and only chance, and the sooner people realise this the better. That said I don't see Pinnacle standing aside now, all the vibes coming from them are that they will complete the deal and pay the wages this week. Link to comment Share on other sites More sharing options...
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