Psychic news sale in end game

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Psychic news sale in end game

Post by jock on Sat Apr 02, 2011 10:15 pm

There is a large advert in the Psychic World newspaper advertising the sale, offers are to be in for the 14th of this month. The price tag is 150,000 and it seems it includes its charity status. This could allow another charity to take it on the question is what one.

jock


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Re: Psychic news sale in end game

Post by Admin on Sun Apr 03, 2011 12:04 am

Interesting Jock. If the liquidators want that much then this has to be the level of debt racked up by the SNU mainly since August last year if the first failed liquidation is anything to go by. What a shambles the NEC have created.

Who on earth would pay that money for something which requires a very large investment to get it back into succesful publication.

Gee why did they not sell to the JV Trust last year instead of claiming ownership of Masthead and Archives which clearly must have been aware belonged to PP (1995). Just think if they had sold then no creditor would have lost money, no staff member would have suffered and PN would have been available in September last year with minimum damage to the circulation. What a large amount of money the NEC have wasted for the SNU over this and what an enormous amount of damage has been done by their actions.
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Re: Psychic news sale in end game

Post by Admin on Sun Apr 03, 2011 12:13 am

http://www.paranormalreview.com/articles/20110402

Well! Well! Andrew Hadley has risen that high, any lovers of Stansted should look at the article by Roy and read and wonder what the future holds. Open and honest was what Bruton promised in his incoming speech as President of the SNU. From the examples of PP(1995), and the AFC college, it sounds more like private and dictatorial. I suspect more of that will be seen as the NEC press to act upon the five year plan.

From Roy's blog

In fact, the new chairman of the Arthur Findlay College is Andrew Hadley, a comparative newcomer to the upper echelons of the SNU who was also fundamental in setting up the working party that reviewed the Psychic News operation and ultimately led to its demise. And though Gascoyne refused to put the blame for the breakdown of communication between him and the NEC on anyone who he was prepared to name, the fact that Hadley is currently shown on the AFC sub-committee's list of members as having responsibility for "NEC Liaison" will lead many observers to conclude that he could be the missing link.
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