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tburns - Sat, 23 Dec 06 :

Dear Sommet and Dr J

The RA is a legal entity with the appropriate paperwork and rules of association laid down. The decision to create the RA was made after 132 of us felt that the SOA did nothing to protect our interests. I appreciate that others might have wanted to join but chose not to at the time. That might have been down to Nigel forging ahead and individuals preferring not to work with him or down to the fact that there were not all the answers that you might have wanted at the outset. Eitherway, we all made our choices.

You maybe right Sommet that a judge would "look through" an RA if it sought to priviledge one party over another. This might be an approach in a court of morality, howeve we live under the court of law thankfully, and their decision will be based on this principle alone.

To reiterate, this situation has been brought upon the company due to the one sided document that the SOA is. I am sure that when DB stipulated that the Opt Outs would be creditors he never expected people to act in the manner that we have. No blame can ever be reasonably or rationally be placed against those that chose to protect their own rights as shareholders beacuse the document presented to them (SOA) did not.


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