ALK Capital or Farnell/Elkashashy takeover
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Re: ALK Capital...
First time I’ve heard Dyche acknowledge off pitch distractions:
“The Premier League is unforgiving
I wasn't going into this thinking we would have maximum points.
I don't think anyone would call Sheffield United's start to the season. The Premier League is tough
We are stretched, we have a lot going on, on and off the pitch, and we are trying to manufacture a way of working that will keep us on the straight and narrow and get us to win games.”
“The Premier League is unforgiving
I wasn't going into this thinking we would have maximum points.
I don't think anyone would call Sheffield United's start to the season. The Premier League is tough
We are stretched, we have a lot going on, on and off the pitch, and we are trying to manufacture a way of working that will keep us on the straight and narrow and get us to win games.”
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Re: ALK Capital...
That’s actually a fairly good interview from Dyche to be fair.NewClaret wrote: ↑Sat Oct 03, 2020 11:24 pmFirst time I’ve heard Dyche acknowledge off pitch distractions:
“The Premier League is unforgiving
I wasn't going into this thinking we would have maximum points.
I don't think anyone would call Sheffield United's start to the season. The Premier League is tough
We are stretched, we have a lot going on, on and off the pitch, and we are trying to manufacture a way of working that will keep us on the straight and narrow and get us to win games.”
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Re: ALK Capital...
I can picture dyche telling the board, "if you sell tarky, I'm off"
This is why we have no money, they wanted to sell tarky.
This is why we have no money, they wanted to sell tarky.
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Re: ALK Capital...
For a takeover very close three weeks ago it's taking far too long to sort
Are the Americans waiting till the window shuts to avoid putting out serious funds to help Sean?
If Tarky is sold and Sean goes due to our boards stupidity we will also go.
This fiasco is as wearing as lockdown
Are the Americans waiting till the window shuts to avoid putting out serious funds to help Sean?
If Tarky is sold and Sean goes due to our boards stupidity we will also go.
This fiasco is as wearing as lockdown
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Re: ALK Capital...
Maybe the takeover will go through tomorrow, and we will have a flurry of signings. One can dream.
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Re: ALK Capital...
gandhisflipflop wrote: ↑Sun Oct 04, 2020 4:07 pmMaybe the takeover will go through tomorrow, and we will have a flurry of signings. One can dream.
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Re: ALK Capital...
Your Christmas eve today, sweet dreamsgandhisflipflop wrote: ↑Sun Oct 04, 2020 4:07 pmMaybe the takeover will go through tomorrow, and we will have a flurry of signings. One can dream.
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Re: ALK Capital...
Doubt there’ll be anything left under the Turf Moor tree
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Re: ALK Capital...
I did say I can dream
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Re: ALK Capital...
Can anyone still see this happening ...it seems to be dragging on too long
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Re: ALK Capital...
Would love an update - we are in the dark on so many things, would love to see us pull off a decent signing tomorrow but there’s very little chance by the sounds of things, I’m just worried about losing Dyche - he for me is irreplaceable
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Re: ALK Capital...
Maybe they watched last night and thought maybe get the price down a bit....
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Re: ALK Capital...
This kind of reminds me of buying a house, you get told completion is "close" and take that to mean you'll be getting the keys in a week or so, then 6 weeks later you're still waiting around wondering what the hell the solicitors are doing. I can imagine buying a football club is a thousand times worse when it comes to getting the deal across the line.
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Re: ALK Capital...
We should be used to it by now. The best thing is to expect nothing.Hedontplayforyou wrote: ↑Sun Oct 04, 2020 4:34 pmWould love an update - we are in the dark on so many things, would love to see us pull off a decent signing tomorrow but there’s very little chance by the sounds of things, I’m just worried about losing Dyche - he for me is irreplaceable
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Re: ALK Capital...
The takeover will probably be announced just after the transfer window closes.
Re: ALK Capital...
..... In FebruarySteve-Harpers-perm wrote: ↑Sun Oct 04, 2020 8:25 pmThe takeover will probably be announced just after the transfer window closes.
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Re: ALK Capital...
We’ll probably unveil Henri Lansbury in a cheesy video like we did with Dale Stephens.
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Re: ALK Capital...
Is it important this happens before the 16th to enable transfers, because it all seems to have gone a bit quite.
Re: ALK Capital...
I have not seen or heard nothing that this takeover will ever happen.
Even less that this transaction would involve anything other than a recipe for disaster.
No benefactor willing to spend brass on what we all want but rather the threat of going from being cash rich to be saddled with a debt that was used to buy the club
Even less that this transaction would involve anything other than a recipe for disaster.
No benefactor willing to spend brass on what we all want but rather the threat of going from being cash rich to be saddled with a debt that was used to buy the club
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Re: ALK Capital...
Hi Spike, there are posts on this thread that make the opposite argument. If ALK Capital acquires Burnley they will finance it as a SPAC, the money to buy the club will come from the investors in the SPAC. They are pursuing a capital gain strategy, not income generating returns. They won't risk this by "saddling the club with debt."Spike wrote: ↑Tue Oct 06, 2020 8:43 amI have not seen or heard nothing that this takeover will ever happen.
Even less that this transaction would involve anything other than a recipe for disaster.
No benefactor willing to spend brass on what we all want but rather the threat of going from being cash rich to be saddled with a debt that was used to buy the club
UTC
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Re: ALK Capital...
From what I have been told, the Americans were hoping the deal would have been finalised by now, but things have got 'complicated'. There is a sense of frustration on their part. Talks still ongoing.
Someone mentioned that negotiating with Clive Holt is difficult...…..
Someone mentioned that negotiating with Clive Holt is difficult...…..
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Re: ALK Capital...
Clive Holt will be frightened of missing out on his free meal and bottle of red every Saturday afternoonHerts Clarets wrote: ↑Tue Oct 06, 2020 9:01 amFrom what I have been told, the Americans were hoping the deal would have been finalised by now, but things have got 'complicated'. There is a sense of frustration on their part. Talks still ongoing.
Someone mentioned that negotiating with Clive Holt is difficult...…..
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Re: ALK Capital...
There's people who have been at that club far too long and have become far too comfortable.
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Re: ALK Capital...
Clive was partial to a chilled Tio Pepe back when i used to deal with the directors on a match day.Local cricketer wrote: ↑Tue Oct 06, 2020 9:10 amClive Holt will be frightened of missing out on his free meal and bottle of red every Saturday afternoon
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Re: ALK Capital...
It does seem to have gone really quiet.
Re: ALK Capital...
To be fair it's only ever been press speculation, never a comment from either party, so there's nothing to have gone quiet really
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Re: ALK Capital...
The fella who broke the news from Reuters, says talks are still on going and progressing but not going quickly
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Re: ALK Capital...
I would imagine ALK are taking the Garlick approach "We know you want 300 million so we are willing to offer 190, 12 upfront and the rest over 700 years with 90% of that as add-ons if Burnley win the World Cup"
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Re: ALK Capital...
Why should Clive Holt be involved?Herts Clarets wrote: ↑Tue Oct 06, 2020 9:01 amFrom what I have been told, the Americans were hoping the deal would have been finalised by now, but things have got 'complicated'. There is a sense of frustration on their part. Talks still ongoing.
Someone mentioned that negotiating with Clive Holt is difficult...…..
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Re: ALK Capital...
ALK Capital, from what I can tell, have £0 funds. Presumably they intend to raise some? How much and from where?
If they only intend to raise enough to buy the shares, or, worse yet, from debt, I am dead set against this.
If they have a consortium of wealthy backers prepared to invest enough to buy the shares and then invest in the club - players and infrastructure - there may be something in it.
I’m yet to be convinced though.
If they only intend to raise enough to buy the shares, or, worse yet, from debt, I am dead set against this.
If they have a consortium of wealthy backers prepared to invest enough to buy the shares and then invest in the club - players and infrastructure - there may be something in it.
I’m yet to be convinced though.
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Re: ALK Capital...
It seems impossible to tell given the only name if seen released is the front guy.NewClaret wrote: ↑Tue Oct 06, 2020 1:09 pmALK Capital, from what I can tell, have £0 funds. Presumably they intend to raise some? How much and from where?
If they only intend to raise enough to buy the shares, or, worse yet, from debt, I am dead set against this.
If they have a consortium of wealthy backers prepared to invest enough to buy the shares and then invest in the club - players and infrastructure - there may be something in it.
I’m yet to be convinced though.
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Re: ALK Capital...
ALK is just a front for what they describe as a number of wealthy individuals who will all contribute whatever their agreed share of the costs. It is a very common sports franchise ownership method in the US. The 'headline' owner will, usually, have the largest stake, but not always. Sometimes they are just the most prominent or happy to take the limelight.NewClaret wrote: ↑Tue Oct 06, 2020 1:09 pmALK Capital, from what I can tell, have £0 funds. Presumably they intend to raise some? How much and from where?
If they only intend to raise enough to buy the shares, or, worse yet, from debt, I am dead set against this.
If they have a consortium of wealthy backers prepared to invest enough to buy the shares and then invest in the club - players and infrastructure - there may be something in it.
I’m yet to be convinced though.
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Re: ALK Capital...
Hi New, it is highly likely - though I'm not sure whether it has been definitively confirmed - ALK Capital is pursuing a SPAC strategy. There are a few posts earlier on this thread that explains how this will work. A SPAC is a Special-Purpose Acquisition Corporation - equity is raised from multiple investors by acquiring shares in the SPAC. Their strategy is that Premier League football clubs will rise in value over the coming years - giving their owners a capital gain (rather than annual dividends). The US sports franchise model has already shown these gains over many years. Yes, there are differences with Premier League - relegation and no draft are two obvious differences. However, we are in a low interest rate (and low yield) world, so the Premier League is very attractive compared with other ways of investing your money. The SPAC structure makes this an opportunity for the ordinary "moderately wealthy" sports fan, giving them the opportunity to share in the returns that are otherwise only accessible to billionaires.NewClaret wrote: ↑Tue Oct 06, 2020 1:09 pmALK Capital, from what I can tell, have £0 funds. Presumably they intend to raise some? How much and from where?
If they only intend to raise enough to buy the shares, or, worse yet, from debt, I am dead set against this.
If they have a consortium of wealthy backers prepared to invest enough to buy the shares and then invest in the club - players and infrastructure - there may be something in it.
I’m yet to be convinced though.
Of course, there's no guarantee that ALK Capital will reach agreement to acquire Burnley FC.
UTC
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Re: ALK Capital...
Sorry I was referring to posts from Daniel J Waterhouse and Ben Wickes who were posting information that turned out to have some substance to it.
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Re: ALK Capital...
We’ve both said as much as we can, across various threads. Chester and others have also contributed very accurate and useful points of view that help support the narrative.
You’ll have to piece together the crumbs, it’s all there.
You’ll have to piece together the crumbs, it’s all there.
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Re: ALK Capital...
I know its business, and things are always kept in house for good reason, but sometimes it feels as fans we are just chucked the occasional bone.
odd snippet here and there. one minute its all about "our club" and community messages, next the shutters come down and whatever decisions are made the supporters like it or lump it.
odd snippet here and there. one minute its all about "our club" and community messages, next the shutters come down and whatever decisions are made the supporters like it or lump it.
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Re: ALK Capital...
That's exactly how it is and this "One Club For All" slogan really gets my back up.Wile E Coyote wrote: ↑Tue Oct 06, 2020 3:59 pmI know its business, and things are always kept in house for good reason, but sometimes it feels as fans we are just chucked the occasional bone.
odd snippet here and there. one minute its all about "our club" and community messages, next the shutters come down and whatever decisions are made the supporters like it or lump it.
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Re: ALK Capital...
So, to those of you on here with real business acumen..tell me what you would do in Mike Garlicks position right now. You've had 5 terrific years, made reasonable profit...some years more than reasonable, , rebuilt the infrastructure, and now it appears to be coming to a grinding halt...you can no longer take the club forward, the finances no longer allow it. In his shoes what do you do, if:
1. There is no one interested in buying / investing
2. There is a credible party interested in taking it on, what do you want out of it, how would you want to see it progress ?
I'm totally at a loss with all of it now, I just want to sit in my seat and cheer my team on...that looks so far away right now.
1. There is no one interested in buying / investing
2. There is a credible party interested in taking it on, what do you want out of it, how would you want to see it progress ?
I'm totally at a loss with all of it now, I just want to sit in my seat and cheer my team on...that looks so far away right now.
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Re: ALK Capital...
Also, we don't know the effect that Covid 19 has had on our Director's various own businesses, it may be that they now require more time and attention than previously ....ewanrob wrote: ↑Tue Oct 06, 2020 4:42 pmSo, to those of you on here with real business acumen..tell me what you would do in Mike Garlicks position right now. You've had 5 terrific years, made reasonable profit...some years more than reasonable, , rebuilt the infrastructure, and now it appears to be coming to a grinding halt...you can no longer take the club forward, the finances no longer allow it. In his shoes what do you do, if:
1. There is no one interested in buying / investing
2. There is a credible party interested in taking it on, what do you want out of it, how would you want to see it progress ?
I'm totally at a loss with all of it now, I just want to sit in my seat and cheer my team on...that looks so far away right now.
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Re: ALK Capital...
Correct, but nothing to suggest at this stage they have a collection of very wealthy backers. If they do, I may be supportive, but personally think the prospect of being owned by a collection of “moderately wealthy” individuals (as described by Paul Wain in relation to a SPAC) puts us in no better position than we are in now. In my opinion.
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Re: ALK Capital...
To me, as posted above to another reply, this SPAC model puts us in an arguably worse position. I’d rather have a hand full of “moderately wealthy” local owners than a load of foreign ones.Paul Waine wrote: ↑Tue Oct 06, 2020 3:14 pmHi New, it is highly likely - though I'm not sure whether it has been definitively confirmed - ALK Capital is pursuing a SPAC strategy. There are a few posts earlier on this thread that explains how this will work. A SPAC is a Special-Purpose Acquisition Corporation - equity is raised from multiple investors by acquiring shares in the SPAC. Their strategy is that Premier League football clubs will rise in value over the coming years - giving their owners a capital gain (rather than annual dividends). The US sports franchise model has already shown these gains over many years. Yes, there are differences with Premier League - relegation and no draft are two obvious differences. However, we are in a low interest rate (and low yield) world, so the Premier League is very attractive compared with other ways of investing your money. The SPAC structure makes this an opportunity for the ordinary "moderately wealthy" sports fan, giving them the opportunity to share in the returns that are otherwise only accessible to billionaires.
Of course, there's no guarantee that ALK Capital will reach agreement to acquire Burnley FC.
UTC
It would seem a massive missed opportunity in a world where Billionaires are investing in football - Villa, even Barnsley, I’ve just read - that we end up with a collection of moderately wealthy individuals that might be able to chip in enough to purchase the shares but are not then able to fund the investment we need to compete in this league (see the £1.25bn spent by other clubs vs our -£1m net spend).
I’d rather wait for a very rich Sheik or something.
Re: ALK Capital...
The SPAC model doesn't preclude that. Those investors could very well be rich Sheiks. What it doesn't mean is they will put the club into debt.NewClaret wrote: ↑Tue Oct 06, 2020 5:42 pmTo me, as posted above to another reply, this SPAC model puts us in an arguably worse position. I’d rather have a hand full of “moderately wealthy” local owners than a load of foreign ones.
It would seem a massive missed opportunity in a world where Billionaires are investing in football - Villa, even Barnsley, I’ve just read - that we end up with a collection of moderately wealthy individuals that might be able to chip in enough to purchase the shares but are not then able to fund the investment we need to compete in this league (see the £1.25bn spent by other clubs vs our -£1m net spend).
I’d rather wait for a very rich Sheik or something.
Do we have any idea of the timeframe for this investment now?
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Re: ALK Capital...
For all their wealth the owners at Barnsley have created a real mess off the field, google it or search for Barnsley within the MMT threadNewClaret wrote: ↑Tue Oct 06, 2020 5:42 pmTo me, as posted above to another reply, this SPAC model puts us in an arguably worse position. I’d rather have a hand full of “moderately wealthy” local owners than a load of foreign ones.
It would seem a massive missed opportunity in a world where Billionaires are investing in football - Villa, even Barnsley, I’ve just read - that we end up with a collection of moderately wealthy individuals that might be able to chip in enough to purchase the shares but are not then able to fund the investment we need to compete in this league (see the £1.25bn spent by other clubs vs our -£1m net spend).
I’d rather wait for a very rich Sheik or something.
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Re: ALK Capital...
If we are acquired by a SPAC, then those on here that have posted about their own stocks and shares investment activities could also buy shares in the SPAC that owns Burnley - if that was their desire. Similarly, any of the club's existing holders or "one or two shares" could also be buyers - or sellers.NewClaret wrote: ↑Tue Oct 06, 2020 5:42 pmTo me, as posted above to another reply, this SPAC model puts us in an arguably worse position. I’d rather have a hand full of “moderately wealthy” local owners than a load of foreign ones.
It would seem a massive missed opportunity in a world where Billionaires are investing in football - Villa, even Barnsley, I’ve just read - that we end up with a collection of moderately wealthy individuals that might be able to chip in enough to purchase the shares but are not then able to fund the investment we need to compete in this league (see the £1.25bn spent by other clubs vs our -£1m net spend).
I’d rather wait for a very rich Sheik or something.
It depends where you "sit" so to speak - a single billionaire owner, the current "tens of millions only" local owners (and fans) or another funding structure.
I know we will never make it as a fan owned/community owned club - not in the Premier League.
UTC
Re: ALK Capital...
I don’t see how a SPAC acquisition fits with Daniel’s story, but of course we don’t know that much. If an investor, or a group, wanted to invest in the northern powerhouse over and above the club, that model doesn’t make sense I don’t believe.
Re: ALK Capital...
if you do a SWOT analysis on purely business terms there are not clear outcomes that would point you to the buy option, if you were in lower leagues and could get BFC for considerably lower costs then the outcome may well pivot to being something that could point to a buy option.
Simple points I am sure everyone knows that you can answer for yourselves can help you put some of it into perspective:
If you are a big fan, that can override sensible business decisions, that you would never normally do if you were not a fan.
Do you believe BFC can be increased in playing terms and break in to the top six, if yes, look at how you attract the players and how much you think that might cost, 10 million, will a hundred million in player purchases do it?
Do you believe that BFC and TM can be expanded, can it attract and sustain 30K, 40K, 50K, if so, how much would that cost you? Will the extra ST and ticket sales, plus merchandise and food/beverage sales be able to pay back the costs of increasing the seating capacity, if so over how long, 2 years, 5 years, 10+ years.
Put your billionaire hat on, you want a football club, do you want to invest in a consortium or do you want the world to know it's yours, you want to meet your friends and peers on the 100ft long yacht, do you want to light that big cigar, lean back smiling, knowing they are all jealous/envious that you own Burnley Football Club.
If you're a mere millionaire, what and why do you want to be involved in a football club for, the US model has been mentioned numerous times, risks in the UK in this model are a factor higher, if you are doing it for capital gains, which is typical, do you really believe you can can grow BFC to such a point someone else will come along, whether individual or consortium and say wow, yes I will give you X times what you paid for BFC in 2020.
MG has a business, like 90% of businesses it is down, everyone seems to think C-19 is reducing prices, is MG willing to let BFC go on the cheap at the same time his main business is suffering? Will MG as a fan sell out and not care about the intent of the new owners?
We can all look at the above, which is just a snapshot of questions around this, a fraction of the things going through many different minds, my experience is that if 10 of us look at this we will end up with a collection of different answers/thoughts and no two will be exactly the same.
As always, many, many more questions than answers, the only thing I know for sure is what I think about it all.
Simple points I am sure everyone knows that you can answer for yourselves can help you put some of it into perspective:
If you are a big fan, that can override sensible business decisions, that you would never normally do if you were not a fan.
Do you believe BFC can be increased in playing terms and break in to the top six, if yes, look at how you attract the players and how much you think that might cost, 10 million, will a hundred million in player purchases do it?
Do you believe that BFC and TM can be expanded, can it attract and sustain 30K, 40K, 50K, if so, how much would that cost you? Will the extra ST and ticket sales, plus merchandise and food/beverage sales be able to pay back the costs of increasing the seating capacity, if so over how long, 2 years, 5 years, 10+ years.
Put your billionaire hat on, you want a football club, do you want to invest in a consortium or do you want the world to know it's yours, you want to meet your friends and peers on the 100ft long yacht, do you want to light that big cigar, lean back smiling, knowing they are all jealous/envious that you own Burnley Football Club.
If you're a mere millionaire, what and why do you want to be involved in a football club for, the US model has been mentioned numerous times, risks in the UK in this model are a factor higher, if you are doing it for capital gains, which is typical, do you really believe you can can grow BFC to such a point someone else will come along, whether individual or consortium and say wow, yes I will give you X times what you paid for BFC in 2020.
MG has a business, like 90% of businesses it is down, everyone seems to think C-19 is reducing prices, is MG willing to let BFC go on the cheap at the same time his main business is suffering? Will MG as a fan sell out and not care about the intent of the new owners?
We can all look at the above, which is just a snapshot of questions around this, a fraction of the things going through many different minds, my experience is that if 10 of us look at this we will end up with a collection of different answers/thoughts and no two will be exactly the same.
As always, many, many more questions than answers, the only thing I know for sure is what I think about it all.