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letter to shareholders from Begbies


Fitzhugh Fella

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Now we have all had our official letter telling us our shares are worthless I was wondering if any on here had lost that much that they were unhappy with the outcome?

 

Me.... I lost £50, but I have gladly settled for that to be where we are today from where we were a year ago or even 3 years ago.

 

Any ex-shareholders unhappy? It must be a unique occurrance that a company goes bust and the shareholders are all smiles?

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Now we have all had our official letter telling us our shares are worthless I was wondering if any on here had lost that much that they were unhappy with the outcome?

 

Me.... I lost £50, but I have gladly settled for that to be where we are today from where we were a year ago or even 3 years ago.

 

Any ex-shareholders unhappy? It must be a unique occurrance that a company goes bust and the shareholders are all smiles?

 

This is what Lowe received. I think there may be a hidden message in it.

 

Dear Mr. Lowe,

 

Further to my appointment as joint administrator of the Company on 2 April 2009.

Unfortunately, there are insufficient assets in this matter to enable any distribution to you.

Claims to this affect are a waste of time.

Keep in mind that this decision is final.

 

You should contact Alex Stirling of the Begbies Traynor

Office if you require any further information.

Unfortunately, I will not be available to discuss this with you personally.

 

Yours faithfully, for and on behalf of Southampton Leisure Holdings PLC.

Mark R Fry

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He who shall remain nameless will be happy today!!! LMFAO

 

I hope they worded the letter in the same smug way the mods give out infractions (no offence mods:))

 

Dear Rupert,

 

You £1,000,000 worth of shares are now worth f@ck all.

 

All the best,

 

Begbies.

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Now we have all had our official letter telling us our shares are worthless I was wondering if any on here had lost that much that they were unhappy with the outcome?

 

Me.... I lost £50, but I have gladly settled for that to be where we are today from where we were a year ago or even 3 years ago.

 

Any ex-shareholders unhappy? It must be a unique occurrance that a company goes bust and the shareholders are all smiles?

 

 

Just opened mind and thought l frame it. Put it in the sh-thouse

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I hope they worded the letter in the same smug way the mods give out infractions (no offence mods:))

 

Dear Rupert,

 

You £1,000,000 worth of shares are now worth f@ck all.

 

All the best,

 

Begbies.

 

http://www.saintsweb.co.uk/forum/showpost.php?p=500027&postcount=6

 

http://www.huffingtonpost.com/2009/10/27/schwarzenegger-sends-lawm_n_336319.html

 

;)

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lost £3500 and still have not got a letter , typical buy £100 and get first class letter , buy half your life savings and get snail trying to deliver mine . Never expected to make any money but it was nice to think i owned a blade of grass .

 

I had 10,000 shares and I haven't received a ;etter either. Not that it matters too much as we all knew they were worthless now. Still without the loss we wouldn't be where we are now so in a way it was worth it :-(

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lost £3500 and still have not got a letter , typical buy £100 and get first class letter , buy half your life savings and get snail trying to deliver mine . Never expected to make any money but it was nice to think i owned a blade of grass .

Guess you should stick to poker then Champ.

 

Like others I "lost" a few quid, less than 30 quid in my case, but that is nothing compared to the feeling of joy knowing that Lowe was well and truly shafted, just desserts for all (or at least most) of what he did to SFC.

 

I have a lot of sympathy for others who lost significant amounts, except Wilde, but to be honest buying shares in a football club should never be about making money. My "investment" was purely so I could attend AGM/EGMs and help to get rid of the idiots who were ruining the Club. Sadly I never got to exercise my right to attend, mores the pity.

 

By the way, I haven't received a letter yet, now the surprise has been spoiled LOL I did receive a communication from my Broker back in about May warning me of this though, although by then I had worked that out for myself.

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Mark Fry what an utter C***. That is the one of the most insulting letters

I have ever recieved. And that C*** gets an award for delaying and screwing up saints by believing that Micky F was going to be our saviour.

 

He writes three lines

 

" I write further to my appointment as Joint administrator of the company on 2 April 2009.

 

Please be advised that there are insufficient assets in this matter to enable any distribution to shareholders.

 

Should you require any further information do not hesitate to contact Alex Sterling of this office

 

Mark F***ing fry

 

What a poor excuse for an apology unprofessional letter and photocopied

 

I have lost about a 1k , but hey thats life but I would have expected a decent and professional letter not something as cheap and nasty as this.

 

Mark Fry. To me you are a total tosser and tried to sell Southampton Short big time. At least Marcus had the decency to call your bluff. You skate loving ****

Edited by Viking Warrior
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Mark Fry what an utter C***. That is the one of the most insulting letters

I have ever recieved. And that C*** gets an award for delaying and screwing up saints by believing that Micky F was going to be our saviour.

 

He writes three lines

 

" I write further to my appointment as Joint administrator of the company on 2 April 2009.

 

Please be advised that there are insufficient assets in this matter to enable any distribution to shareholders.

 

Should you require any further information do not hesitate to contact Alex Sterling of this office

 

Mark F***ing fry

 

What a poor excuse for an apology unprofessional letter and photocopied

 

I have lost about a 1k , but hey thats life but I would have expected a decent and professional letter not something as cheap and nasty as this.

 

Mark Fry. To me you are a total tosser and tried to sell Southampton Short big time. At least Marcus had the decency to call your bluff. You skate loving ****

 

Oh, FFS.

 

1) Why on earth should he apologise? He didn't ruin the company.

 

2) There are something like 28,000,000 shares in SLH PLC floating around. Obviously there are not 28,000,000 shareholders but there are quite a few. Do you honestly expect him to sit there signing every letter?

 

3) If he did personally sign every letter to all the shareholders then people would be screeching away on here about how he was milking it and trying to keep the clock running.

 

4) If you require any further information, I suggest you have no hesitation in contacting Alex Sterling of that office.

 

Tell you what, I'll try to help with 4) to save you the trouble:

 

what is it you want to know?

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I couldnt believe we have waited all this time to get that 3 line letter.

I havent lost much but for the ordinary supporters who have (as opposed to those businessmean from Gloucestershire way - ahem ) then that is really rubbing salt into the wounds.

 

Um, like we didnt know months and months ago Mr Fry !

 

Why the delay....its the first and obviously last letter I have had from them too !

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Oh, FFS.

 

1) Why on earth should he apologise? He didn't ruin the company.

 

2) There are something like 28,000,000 shares in SLH PLC floating around. Obviously there are not 28,000,000 shareholders but there are quite a few. Do you honestly expect him to sit there signing every letter?

 

3) If he did personally sign every letter to all the shareholders then people would be screeching away on here about how he was milking it and trying to keep the clock running.

 

4) If you require any further information, I suggest you have no hesitation in contacting Alex Sterling of that office.

 

Tell you what, I'll try to help with 4) to save you the trouble:

 

what is it you want to know?

 

The guys lost a grand, I think he's entitled to have a rant.

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Benji

 

I take it your a typical Mark Fry fan given the way you are chastising me.

 

Mark Fry signed the letter. The point I am making is the poor quality of the letter. Not that I lost money as I brought the shares to support the club not to make money , but then that sentiment is probably lost on you

 

So, the problem is that it is photocopied not printed? :confused:

 

What exactly do you want the letter to say? I am genuinely intrigued. Do you think Fry owes you an apology? I just don't understand why some people on here are determined to slag him off. The facts that are not commercially sensitive are already in the public domain: Markus Liebherr's company AD235944 Ltd (or something like that) acquired the assets of SLH PLC for a price acceptable to a majority (in value) of the creditors. No point going over that again.

 

I suppose he could have put something about Pardew doing a good job or being partial to a Toblerone. Heck, he could have signed it off with a nice big COYR!

 

I'm not trying to be argumentative, I just don't get the enmity towards him.

 

Losing money really hurts, obviously, but that's nothing to do with Fry.

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Well, according to him that's not the point.

 

In any case, he lost the money months ago.

 

TBH It is a lousy letter! It could have been more explanatory and a little more sympathetic, after all some people could have lost fortunes. The first and last correspondence being 3 lines that could have been written on the back of a fag packet is not very professional IMO.

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Benji

 

I take it your a typical Mark Fry fan given the way you are chastising me.

 

Mark Fry signed the letter. The point I am making is the poor quality of the letter. Not that I lost money as I brought the shares to support the club not to make money , but then that sentiment is probably lost on you

 

So what are you actually whingeing about

 

You received a letter which told you had lost your money what more do you want.

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TBH It is a lousy letter! It could have been more explanatory and a little more sympathetic, after all some people could have lost fortunes. The first and last correspondence being 3 lines that could have been written on the back of a fag packet is not very professional IMO.

 

Perhaps Gordon Brown should have wriiten to tell you

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Right, look, I'm sorry if I'm coming across as a complete tit. I am sorry. I apologise to all and any who I may have annoyed and I feel sorry for people who have lost significant cash. Really, I do.

 

I am genuinely exasperated, however, by the Fry-bashing on this board. Most of which is either ill-informed at best, or pure speculation dressed up as fact at worse.

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one last attempt benjii....... then that's it...

 

People have lost money, they knew they would as soon as SLH went into admin. They still hav good reason to be hacked off by Fry because he has taken an award for doing such a great job in "rescuing" Saints, whilst taking over 3 months to write to the shareholders to confirm what we all expected.

 

So, why take so long to write? Why use poorly photocopied letters, when surely the least people deserve when being told they have lost their investment is a properly produced letter? The wording is fine, if a little abrupt, but maybe could've been a bit more detailed... it costs nothing more to write a few extra lines on an A4 sheet.

 

Either way, it seems a little curious that as soon as the award is announced and people ask what has happened to the shares, letters start to drop on the mat!

 

As for the conspiracy theories of "he nearly lost us Liebherr by backing Pinnacle" etc.... that's quite ridiculous too. For all we know, he may have actually "lost" a far better option than Liebherr during this time - one we never find out about! "What ifs" are never productive, especially when based on hearsay and gossip.

 

As I said earlier - time to move on.........

 

(btw - are YOU Mark Fry, Benjii? You seems very keen to jump to his defence!) :wink:

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one last attempt benjii....... then that's it...

 

People have lost money, they knew they would as soon as SLH went into admin. They still hav good reason to be hacked off by Fry because he has taken an award for doing such a great job in "rescuing" Saints, whilst taking over 3 months to write to the shareholders to confirm what we all expected.

 

So, why take so long to write? Why use poorly photocopied letters, when surely the least people deserve when being told they have lost their investment is a properly produced letter? The wording is fine, if a little abrupt, but maybe could've been a bit more detailed... it costs nothing more to write a few extra lines on an A4 sheet.

 

Either way, it seems a little curious that as soon as the award is announced and people ask what has happened to the shares, letters start to drop on the mat!

 

As for the conspiracy theories of "he nearly lost us Liebherr by backing Pinnacle" etc.... that's quite ridiculous too. For all we know, he may have actually "lost" a far better option than Liebherr during this time - one we never find out about! "What ifs" are never productive, especially when based on hearsay and gossip.

 

As I said earlier - time to move on.........

 

(btw - are YOU Mark Fry, Benjii? You seems very keen to jump to his defence!) :wink:

 

Not quite. He's Ken Tointon. Or maybe not.

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