Despite two new parties expressing an interest in taking over cash-strapped League One club, Mark Fry admitted time is fast running out for the Saints.
"The end of next week is a key tipping point in this," he told the Daily Echo. "It's the gravest it has been in the period of administration.
"There was a very short timeframe from the point we got involved.
"We stretched that as far as we can possibly stretch it and a deal really needs to be completed."