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russcook - Fri, 29 Dec 06 :

The main points that the RA chaps still don't seem to have grasped - please read and learn:

1). The only right signed away under the SoA is the right to take out actions against the company. But there is no need. DB is doing the work of recovering the money for us. The SoA are paying him to do it. The RA are paying him do to it.

2). The RA are creditors and shareholders.

3). The SoA are creditors and shareholders.

4). We(the SoA and the RA) will all get the same share of the recovered money.

5). Because the RA have retained the right to take out actions against the company, then they (not the SoA or the company) will have to pay for that.

There will be a test on these points in the new year.


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