The man who heads it, Chris Hay, insists a few rich people down south are interested in taking control of the club.
I spoke to Hay following the supporters' meeting at which he revealed the rescue bid, and he assured me it was 100% real.
I wonder what former chairman Dominic Keane thinks about the proposed takeover?
Most Livi supporters are wondering what Keane's next move will be.
He surely won't let someone else come in and take over the club he has built virtually from scratch — or will he? Only time will tell