Guided Missile Posted 12 May, 2009 Share Posted 12 May, 2009 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.... Link to comment Share on other sites More sharing options...
Guided Missile Posted 12 May, 2009 Author Share Posted 12 May, 2009 Sorry - missed last nights' other pointless thread on this journalistic pile of dung.... Link to comment Share on other sites More sharing options...
70's Mike Posted 12 May, 2009 Share Posted 12 May, 2009 surely you could lead a group John to save us Link to comment Share on other sites More sharing options...
Ponty Posted 12 May, 2009 Share Posted 12 May, 2009 All going splendidly at SMS then? As usual... Link to comment Share on other sites More sharing options...
saint lard Posted 12 May, 2009 Share Posted 12 May, 2009 (edited) But i thought Pinnacle were only the one's representing the actual prospective new owners and were working in tandem with this person/persons to form for a much larger alliance. Analogy,Pinnacle were the taxi and had a wealthy punter as the fare. Ok,i'm wrong again. Edited 12 May, 2009 by saint lard Link to comment Share on other sites More sharing options...
Guided Missile Posted 12 May, 2009 Author Share Posted 12 May, 2009 surely you could lead a group John to save us "The Charge of the Light Brigade" comes to mind... Link to comment Share on other sites More sharing options...
Guided Missile Posted 12 May, 2009 Author Share Posted 12 May, 2009 But i thought Pinnacle were only the one's representing the actual prospective new owners and were working in tandem with this person/persons to form for a much larger alliance. 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... Link to comment Share on other sites More sharing options...
derry Posted 12 May, 2009 Share Posted 12 May, 2009 (edited) The bloody tragedy is these people have run us out of time taking 6 weeks to find that out. They need standing against a wall, as for Marc Jackson if this is true he might find it difficult to show his face around here, Bournemouth is one thing, effectively doing the same thing for Saints will really set him up. I just hope there is somebody in left field. Edited 12 May, 2009 by derry Link to comment Share on other sites More sharing options...
70's Mike Posted 12 May, 2009 Share Posted 12 May, 2009 "The Charge of the Light Brigade" comes to mind... we have all been lambs to the slaughter as we charge into the valley of death over the last 6 years Link to comment Share on other sites More sharing options...
lordswoodsaints Posted 12 May, 2009 Share Posted 12 May, 2009 So what you are basically saying is we ain't worth a w@nk and nobody is really interested in buying us? Link to comment Share on other sites More sharing options...
miserableoldgit Posted 12 May, 2009 Share Posted 12 May, 2009 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.... Oh Dear! And I`m supposed to be a miserableoldgit! Link to comment Share on other sites More sharing options...
Guided Missile Posted 12 May, 2009 Author Share Posted 12 May, 2009 The bloody tragedy is these people have run us out of time taking 6 weeks to find that out. 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.... Link to comment Share on other sites More sharing options...
Saint Fan CaM Posted 12 May, 2009 Share Posted 12 May, 2009 Calm down guys - do you really think MLT would get involved with a bidder that had no substance? Be patient - its not over yet. Link to comment Share on other sites More sharing options...
Griffo Posted 12 May, 2009 Share Posted 12 May, 2009 The OS seems to have gone very, very quiet too.. Link to comment Share on other sites More sharing options...
Paul Chuckle Posted 12 May, 2009 Share Posted 12 May, 2009 The OS seems to have gone very, very quiet too.. http://www.saintsfc.co.uk/news/?page_id=11760 Link to comment Share on other sites More sharing options...
LukeH Posted 12 May, 2009 Share Posted 12 May, 2009 I thought I'd hear of the headlines that now Peter Andre has no job after being dumped as Jordan's handbag that he'd be putting a bid in for us based on the royalties of his huge back catalogue of party anthems such as "gimme some kind of sign". Link to comment Share on other sites More sharing options...
stevegrant Posted 12 May, 2009 Share Posted 12 May, 2009 Calm down guys - do you really think MLT would get involved with a bidder that had no substance? Be patient - its not over yet. To be fair, his previous business interests haven't exactly been particularly successful. I'm reserving judgment for now. Link to comment Share on other sites More sharing options...
INFLUENCED.COM Posted 12 May, 2009 Share Posted 12 May, 2009 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.... That said and having had dealings with Jackson before surely he needs a rocket if he has allowed these guys to sit around the table, Dubai Phil kinda makes reference to the Fry F uck up on another thread, hey ho typical tho. Link to comment Share on other sites More sharing options...
dubai_phil Posted 12 May, 2009 Share Posted 12 May, 2009 That said and having had dealings with Jackson before surely he needs a rocket if he has allowed these guys to sit around the table, Dubai Phil kinda makes reference to the Fry F uck up on another thread, hey ho typical tho. That of course depends on who actually was put in place to sit at that table or of course whether they actually did at all. Don't think anyone in their right mind can honestly believe that it was MJ alone, considering the proof of funds needed. Hopefully, Fry must have had something come into his inbox later yesterday that gave him this "renewed optimism" this morning in the media Link to comment Share on other sites More sharing options...
Leslie Charteris Posted 12 May, 2009 Share Posted 12 May, 2009 Mark Fry made encouraging noises at the start - why is he so quiet now? I have this sinking feeling - GM might just be right. :-( Link to comment Share on other sites More sharing options...
kpturner Posted 12 May, 2009 Share Posted 12 May, 2009 Glad to hear the Jackson bid is probably getting the cold shoulder, but why all the negativity regarding Pinnacle? Despite they themselves not being some massively rich organisation, they are supposedly well connected and represent people that do have a realistic budget for the club. I remain optimistic that whoever Pinnacle represent will be good news for the club, and I haven't seen anything to pursuade me otherwise - unless I have just missed a crucial piece of information. Derry sounds very anti. Is this because they have taken so long (which could be considered throroughness) or is more known about the people behind this bid that I am not privvy to? Link to comment Share on other sites More sharing options...
egreog Posted 12 May, 2009 Share Posted 12 May, 2009 So when is the "final" deadline when Fry has to decide on the way forward?........Is it still the 21st May when wages due, and not enough to cover them?........what are the options then?..........like many others i feel the optimism and potential buyers seem to slipping away and the sad reality is there may NOT be a buyer that meets the creditors criteria.........can but hope there will be!! Link to comment Share on other sites More sharing options...
eelpie Posted 12 May, 2009 Share Posted 12 May, 2009 "The Charge of the Light Brigade" comes to mind... Custer's last stand come to mine. Link to comment Share on other sites More sharing options...
Dibden Purlieu Saint Posted 12 May, 2009 Share Posted 12 May, 2009 Just got to say, I told you so. Unfortunately that really doesn't meke me feel one bit better. Link to comment Share on other sites More sharing options...
eelpie Posted 12 May, 2009 Share Posted 12 May, 2009 Just got to say, I told you so. Unfortunately that really doesn't meke me feel one bit better. Can we have a 'told you so' sticky thread, mods? It will run and run... Link to comment Share on other sites More sharing options...
Killers Knee Posted 12 May, 2009 Share Posted 12 May, 2009 If the Pinnacle bid was clearly head and shoulders above the Jackson bid, why bother? Would MLT need to back Abramovich/Allen etc We all know he couldn't align himself with Jackson in all seriousness. Now, Fry hopes to select a single bidder over the next 24hrs. Now, I maybe a cynic but I'm sat miles away, haven't chatted with either bidder and can safely state the Jackson bid was never a flier. C'mon, really? You heard that interview FFS? Now as the administrator has been dragging his feet for so long, I can safely assume that finance is an issue for the Pinnacle bid, otherwise why risk upsetting a potential deal by wasting time with Xerox Jackson? Things ain't smelling good.... Link to comment Share on other sites More sharing options...
NickG Posted 12 May, 2009 Share Posted 12 May, 2009 If the Pinnacle bid was clearly head and shoulders above the Jackson bid, why bother? Would MLT need to back Abramovich/Allen etc We all know he couldn't align himself with Jackson in all seriousness. Now, Fry hopes to select a single bidder over the next 24hrs. Now, I maybe a cynic but I'm sat miles away, haven't chatted with either bidder and can safely state the Jackson bid was never a flier. C'mon, really? You heard that interview FFS? Now as the administrator has been dragging his feet for so long, I can safely assume that finance is an issue for the Pinnacle bid, otherwise why risk upsetting a potential deal by wasting time with Xerox Jackson? Things ain't smelling good.... my take for what its worth (not much!) from other threads but covers this; Don't let lack of an immediate deal make you think he is doing nothing, I have only heard good reports on him. I would be surprised if the announcement is not by close of business tomorrow, but that bit is my guess. I think the delays are actually positive, in that the work he has done keeps identifying possibles and he is thoroughly examining them. I am not aware of anyone being put off by this. Unless one of the late enquiries quickly becomes a full formal detailed offer I would anticipate Fry going to the bird in the hand shortly. My guess would be other ruled out soon and working out the final details with one (my guess MLT's) over next few days Link to comment Share on other sites More sharing options...
RinNY Posted 12 May, 2009 Share Posted 12 May, 2009 I'm not sure why that Echo article is supposed to be so depressing. It says that Fry is in the closing stages of negotiation with the group fronted by Pinnacle's Tony Lynam, essentially, and that barring last minute hitches a deal could be conmfirmed by late Wednesday. That sounds, on the face of it, distinctly hopeful. Now admittedly, while we know that Lynam is fronting and MLT is supporting this bid, we also know that the real money men behind it are "local property developers" and we don't know who they are or how mch money they really have, which could be a concern. But Lynam talks in another article of a "five year business plan" to get Saints back to the Prem, and if MLT believes in this it would seem at least to be more than mere talk! No? So why the doom and gloom?? Link to comment Share on other sites More sharing options...
SNOWY Posted 12 May, 2009 Share Posted 12 May, 2009 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... I'm stealing that line! Link to comment Share on other sites More sharing options...
Clapham Saint Posted 12 May, 2009 Share Posted 12 May, 2009 my take for what its worth (not much!) from other threads but covers this; Don't let lack of an immediate deal make you think he is doing nothing, I have only heard good reports on him. I would be surprised if the announcement is not by close of business tomorrow, but that bit is my guess. I think the delays are actually positive, in that the work he has done keeps identifying possibles and he is thoroughly examining them. I am not aware of anyone being put off by this. Unless one of the late enquiries quickly becomes a full formal detailed offer I would anticipate Fry going to the bird in the hand shortly. My guess would be other ruled out soon and working out the final details with one (my guess MLT's) over next few days I'm with NickG. Everybody just needs to calm down a bit (possibly easier said than done). From the publically available information I can understand the concern however if everything was completely dead and burried then Mr. Fry would say so and start the wind down process. I firmly believe that the continued negotiations are because a deal is there to be done. As much as anything else Mr. Fry will have a lot of explaining to do to Barclays if, having taken this long, he fails to complete a deal. To suggest that Mr. Fry is simply dragging things out to increase his fee is just silly (IMO). I've never met him personally but I would be amazed if he was that unprofessional. (Although I am aware of GM's views of IPs as a whole). Link to comment Share on other sites More sharing options...
Clapham Saint Posted 12 May, 2009 Share Posted 12 May, 2009 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... Love it.:cool: Link to comment Share on other sites More sharing options...
Window Cleaner Posted 12 May, 2009 Share Posted 12 May, 2009 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... Unless of course we're being bought out by someone like Howard Hughes (yes I know he's dead). Those Barclay Brothers don't make public appearances either. Link to comment Share on other sites More sharing options...
monosaint Posted 12 May, 2009 Share Posted 12 May, 2009 Mr Fry has always been cautious in his public statements so as not to raise expectations so I would also see this as a positive step. Link to comment Share on other sites More sharing options...
mattyd Posted 12 May, 2009 Share Posted 12 May, 2009 No deal is done but he is negotiating with people he has checked out (credit checks, bank references etc) and can prove they have the money. If you remember this was a pre condition of entering into negotiations. This is GOOD news, any deal of this kind takes time. Chill! Link to comment Share on other sites More sharing options...
Saintandy666 Posted 12 May, 2009 Share Posted 12 May, 2009 Calm down guys - do you really think MLT would get involved with a bidder that had no substance? Be patient - its not over yet. He would if it was the last chance that we survive. Link to comment Share on other sites More sharing options...
Johnny Shearer Posted 12 May, 2009 Share Posted 12 May, 2009 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.... You seem hung up on this. I''ve seen companies with assets of £1 and its no big deal. Usually so that they have the name registered if they have a group with a similar name and no one else can take it but accounts still have to be filed nonetheless. Link to comment Share on other sites More sharing options...
Guided Missile Posted 12 May, 2009 Author Share Posted 12 May, 2009 (edited) You seem hung up on this. I''ve seen companies with assets of £1 and its no big deal. Usually so that they have the name registered if they have a group with a similar name and no one else can take it but accounts still have to be filed nonetheless. 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. Edited 12 May, 2009 by Guided Missile Cut and Paste Error... Link to comment Share on other sites More sharing options...
Johnny Bognor Posted 12 May, 2009 Share Posted 12 May, 2009 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 Lyman 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 31st, 2008 and given the asset base of Pinnacle Asset Management Limited, I'm not that confident it will have done a lot of business. Wow, if he can magic a day up out of thin air then this guy is the real deal. Link to comment Share on other sites More sharing options...
Guided Missile Posted 12 May, 2009 Author Share Posted 12 May, 2009 Wow, if he can magic a day up out of thin air then this guy is the real deal. See above...and many apologies, it's hard to concentrate when you're witnessing a train wreck.... Link to comment Share on other sites More sharing options...
Gemmel Posted 12 May, 2009 Share Posted 12 May, 2009 See above...and many apologies, it's hard to concentrate when you're witnessing a train wreck.... He's only the middle man. Pinnacle aren't the actual buyers Link to comment Share on other sites More sharing options...
Saint in Paradise Posted 12 May, 2009 Share Posted 12 May, 2009 I wish something would happen, I am fed up with getting up very early, logging in looking for news ( Good or Bad ) and.........Nothing of substance My cats and wife are no help as they have as much interest in Saints as I do in how they catch mice or follow a family tree thing, I have no-one to talk to about this situation. Just to clarify for the slightly dim people my wife doesn't catch mice she runs away from them Link to comment Share on other sites More sharing options...
saint lard Posted 12 May, 2009 Share Posted 12 May, 2009 He's only the middle man. Pinnacle aren't the actual buyers This is my belief also,see my previous post. Link to comment Share on other sites More sharing options...
aintforever Posted 12 May, 2009 Share Posted 12 May, 2009 I would have thought if the offers are that unacceptable then Fry would be in the Media making more desperate appeals, I'm hoping his silence means he has something decent to go on and he's busy playing them off against each other to get the best deal for the banks. If everything's about to go tits up I don't see why it would be so quiet? Link to comment Share on other sites More sharing options...
Mole Posted 12 May, 2009 Share Posted 12 May, 2009 He's only the middle man. Pinnacle aren't the actual buyers Correct, but let's not let facts get in the way of misguided missiles attention seeking. Link to comment Share on other sites More sharing options...
Guided Missile Posted 12 May, 2009 Author Share Posted 12 May, 2009 He's only the middle man. Pinnacle aren't the actual buyers 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. Link to comment Share on other sites More sharing options...
DaintyDave Posted 12 May, 2009 Share Posted 12 May, 2009 Someone explain why these "consortiums" are all using these ropey middle men rather than Deloitte and Touche or Seymour Pierce or NM Rothschilds or any of the other major banks/professional services firms who have specialists set up for these situations. Instead they seem to use these insta-shell companies with brokers with no history in football or major finance. Link to comment Share on other sites More sharing options...
Windmill Arm 2 Posted 12 May, 2009 Share Posted 12 May, 2009 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.... You miserable b@stard! Suggestion: connect a hosepipe to your exhaust, run it through the drivers window, switch on ignition, and do us all a favour. Failing that, do an 'Iccarus' off the Spinnaker Tower. Link to comment Share on other sites More sharing options...
carljack Posted 12 May, 2009 Share Posted 12 May, 2009 Someone explain why these "consortiums" are all using these ropey middle men rather than Deloitte and Touche or Seymour Pierce or NM Rothschilds or any of the other major banks/professional services firms who have specialists set up for these situations. Instead they seem to use these insta-shell companies with brokers with no history in football or major finance. Its because the Middle Men have been prostituting themselves to these consortia these time wasters are trying to get a percentage of the final deal there is no BIG DEAL. SAINT TILL I DIE! Link to comment Share on other sites More sharing options...
Mole Posted 12 May, 2009 Share Posted 12 May, 2009 Someone explain why these "consortiums" are all using these ropey middle men rather than Deloitte and Touche or Seymour Pierce or NM Rothschilds or any of the other major banks/professional services firms who have specialists set up for these situations. Instead they seem to use these insta-shell companies with brokers with no history in football or major finance. What is your agenda? You remind me of Tommac. Link to comment Share on other sites More sharing options...
EFM Posted 12 May, 2009 Share Posted 12 May, 2009 He's only the middle man. Pinnacle aren't the actual buyers A point well repeated over and over again. I thought I was confused but even I can grasp this fundamental fact. Link to comment Share on other sites More sharing options...
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