Administrator
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This is from @Free Fall, just posting it up here for everyone.



Evening Everypony,

I've have an update to Sydneigh, that I think everypony has the right to know.
The liquidators completed their meeting on the 4th of November and yet no further communication from the Liquidators or Sydneigh Executives has been received.

Out of curiosity (I long ago accepted my financial losses from Sydneigh) I called the liquidators.
In a nutshell – There’s pretty much not even scraps left in the stable. The absolutely best case scenario is looking like a 20% return; however the more likely outcome is 0% return. The liquidator didn’t seem too optimistic about any financial return for the ticket holders (So much for 70%).

Initially I was annoyed that we haven’t been given any further communication from the Sydneigh Executives; however it was explained to me that the Sydneigh Executives are no longer in control of the company and cannot speak on its behalf. They have been told to hand over the accounts and assets and walk away. So while it feels Sydney Executives have split Dodge City; they have really been bound to remain quiet.

Honestly I wish there was better news to be had – Unfortunately good news and Sydneigh are mutually exclusive. It’s been an ongoing descent into hades and many of us have been unwillingly taken along for the ride.

Although I could just open up the flood gates and let loose (You can burn me, but not my kid) – Out of respect for some on the exec team I’m going to hold back.

However I’ll you leave with some words of wisdom for those who ever consider holding a convention.

The road to hell is paved with good intentions.

The right people with the right focus can achieve anything.

All great buildings start with a solid foundation.

Know when to fight; know when to retreat; know when you are beaten but fighting to the bitter end is pointless.

When you are climbing a mountain and you find yourself hanging by a finger nail and people offer you help – Take It! – Glory, Pride and Ego mean nothing when you’re falling to your end.

When the wheels are getting shaky and parts are falling off the car – Might be a good time to end the journey before the real problems start.

A smart pony learns from their mistakes – A smarter pony learns from the mistakes of others.

Everypony makes mistakes; the difference is – Good people make amends; others blame everyone else but themselves.

When you have wronged people – You can never say sorry enough and show genuine remorse for what has happened.

Running makes you fit – Doesn’t solve problems.

You cannot expect others to defend what cannot be defended.

But Hey! – It’s not all bad news…. See you Ponies at PonyCon 2015! – Yay!
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02/12/2014, 06:49 PM (Last edited: 02/12/2014 06:58 PM by Cameron:D)
Royal Guard
Huon Valley, Tas
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Source?
Everyone is entitled to my opinion. -Madonna
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Pegasus pony
Heathmont, Vic
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(02/12/2014 06:54 PM)Flugelhorn wrote:  Source?

@Free Fall called the liquidators
Derpy x Doctor Whooves = OTP
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Donator
Hobart, Tas
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(02/12/2014 06:54 PM)Flugelhorn wrote:  Source?

I believe it is from the ‎Melb/Vic Bronies FB page.
"Gentlemen, we may not make history tomorrow, but we shall certainly change the geography." General Plumer
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Administrator
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(02/12/2014 06:57 PM)Niceguy00007 wrote:  
(02/12/2014 06:54 PM)Flugelhorn wrote:  Source?

I believe it is from the ‎Melb/Vic Bronies FB page.

That is where I first saw it, but he also PM'd it to me asking for it to be posted.
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Come at me bro
Your bed, NSW
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Why couldnt he post it himself? 0.0
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Administrator
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Because not everyone can make announcements in this board Ppcute
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Come at me bro
Your bed, NSW
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Ooh, I getcha.
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Stallion/Mare
Broadmeadows, Vic
Posts: 464
Joined: Dec 2013
Hello All,

I called the Liquidators for an update - As nothing was reported back after the 4th of November meeting.

So the news isn't good and isn't getting any better.

FUBAR situation if there ever was one.

I sent this to Cameron, as I felt it was important information that needed to be posted as news.

Regards,
Paul.
[Image: PdxVjit.jpg]


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02/12/2014, 11:43 PM (Last edited: 02/12/2014 11:45 PM by Free Fall)
Wondrebolt
Adelaide, SA
Posts: 11,318
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man i am so hyped for sydneigh 2015
Depend on the rabbit's foot if you will, but remember, it didn't help the rabbit
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Not An Active Mod
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hold onto ur butts
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Stallion/Mare
Broadmeadows, Vic
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Same for PonyCon 2015.

Free Fall and Soarin will return.

Swift Wings and Shadowbolt Rainbow Dash will be making their first appearance.

All will have remote controlled animatronic wings - I've nearly finished the first set.

MK 1 - Currently - Wings Open, Close and Beat.
Mk 2 version will hopefully have a forth mode.

Really looking forward to cosplaying as Father and Daughter OC's.
[Image: PdxVjit.jpg]


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Steamy Ship Ninja
Brismane, QLD
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(02/12/2014 11:43 PM)Free Fall wrote:  So the news isn't good and isn't getting any better.

FUBAR situation if there ever was one.

That's pretty much every situation when a company goes into liquidation. The unsecured creditors (us ticket holders) rarely get anything at all.
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Donator
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(03/12/2014 12:03 AM)Sellyme wrote:  man i am so hyped for sydneigh 2015

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