Paul124897 wrote:
There's a few lessons to be learnt here. It's something I said quite often when I used to regular post here.
1) Stop talking about stuff that Mick is writing. Ignore Mick. Mick knows nothing. He literally just jumps on the back of anything he hears without substance. He's incredibly dangerous with the stuff he posts (as we've literally just seen) which is why you would expect nobody would declare sensitive material, as he can't be trusted with it and just wants to be the centre of attention.
2) There are only a handful of people who truly know what is going on. That is the administrator, and those close to the bidders. This is what NDA's are for.
3) Be patient. Don't believe everything you read, and don't believe everything you're told.
4) I suspect as a whole Frank may be one of those in the know.
Calm your cotton socks, the Administrator is probably giving a worst case scenario, but you have to trust the statement published that we have 2 serious bidders. The administrators risk their careers by lying, especially in a public forum.
I've not posted in years but read quite regularly.
The way that things seem to be working is:
- The administrator says that there are NDAs in place so he literally isn't allowed legally to give any detail. Although he hasn't managed expectations brilliantly, where he could he has given a narrative about how many bids, whether they have credible funds, changing deadlines, etc.
- This has created a vacuum into which people on sites like this have speculated wildly. Fair enough, we all like a bit of speculation.
- However this speculation then gets quoted on twitter or in gossip columns as 'people are speculating' or worse still, gets represented as fact by some people.
- As those on twitter and in gossip columns have a microscopic veneer of credibility they then get quoted as 'sources say' in articles, particularly the T&A.
- And finally people back in places like this quote the press as if the reporters are in the know. Any actual insight that a reporter may have is drowned out in the noise of the speculation.
It's very zeitgeisty all this though as online echo chambers are all the rage right now.
Cheer up everyone!! Personally I've not seen anything concrete yet to make me feel optimistic or pessimistic, just a very (presumably with the number of interests involved) complicated administration taking place behind closed doors.
(Would really like this 48 hours done and dusted though...
)
I'd say Administration is like fight club.. but you know, can't talk. 
