After tonight's AGM, where shareholders received the news that the club had lost £498,944 last season, Hereford United chairman David Keyte spoke to BN about the meeting and the financial situation at Edgar Street.
"We probably felt that we might have been in for more criticism than came through," said Keyte.
"I tried to put over the facts and figures as clearly as possible. Not easy reading.
"The finances are where they are and I threw it open to the meeting to discuss it.
"But not surprisingly there are not many answers.
"And so the statement we've made that unless we find fresh outside investment in the next days, probably not into weeks greatly, we have to seriously consider the future of the football club and the best way forward from that point.
"So having got the message over to the meeting, we are in discussions with interested parties, no guarantees, but they are fully aware of the situation and the timescale."
BN: If nothing is progressed?
"Then we would have to consider administration which has also been the last scenario we wanted to enter into, not least because it hits the football ten points."
BN: The date of any administration would be crucial? Would you want to go before the last Thursday in March or afterwards?
"We haven't concluded on that maybe because we've been pushing it under the carpet.
"Ten days to go into administration before the last Thursday in the month, in which case you take in minus ten points this season."
BN: As there's only ten days that's probably not going to happen?
"Yes, unlikely. We've got to try and find the best solution for the club.
"The other driver for such a decision is that the taxman must surely press for another winding up order sometime in April.
"We've not got a court date announced at the moment, as you know it goes through the London Gazette and the whole world knows.
"Of course that drives you to a particular date, as it did last time when you've got to try and find the money.
"We've realistic about it that you can only do that so many times."
Keyte is still concerned about the gap in funding between the Football League and the Conference.
"It only affects those two clubs who lose their league status and it's not enough of a pool of clubs that get into trouble going down a league to be a strong enough voice in the whole of the football structure because nobody thinks they are going to be in that position.
"There a chap on the board at Torquay and I've said to him in the last few weeks and I've said to him if you do go down just jump out.
"Don't go through the personal thought, is this down to me, bit of a guilt complex, do you stay with it and put more into it.
"Don't take that on."
BN then asked DK what he could say about the possible investors.
"They would like to come in as a majority shareholder.
"I've converted £175K of my loans, Nick and Dave have also converted some of theirs.
"The current board is now in the correct position position of owning about 70% of the company as opposed to when we came in we had 27% between Tim (Russon) and I.
"Now we've got a more appropiate structure where the people who are funding it, have been funding, own more.
"The maths are that there are now just over 2 million shares out and about so any investor would need to buy over 2 million shares (over £500K) to get control.
"The alternative is to pick off somebody and buy your way into it but because we lifted the lid so high last September, we deliberately wanted leave the opportunity open for somebody to come in and do just this.
"So that makes sense to an investor to be able to dictate more but we got to crack it first. Then there's a round of conversations, do they want a seat on the board, do they expect to replace the board.
"They know how bad things are and they are still interested.
"The one group would be property led, we've now got an attractive opportunity for somebody now we've signed the leases.
"The other group would be in it for the football but would consider going through to the property as well which is how they might get a return on some money.
"They know they won't get anything out of football.
"There's nothing locally, both these are outside Herefordshire."