To Creditors,
We refer to previous communications.
All parties to the mediation have agreed to meet on Thursday 19th February 2009 and we will report the outcome shortly thereafter.
If a position is reached that we feel has commercial merit, we would then convene a meeting of the Committee of Creditors to discuss any proposal in detail before providing creditors with a detailed report setting out the legal and commercial ramifications and all options available going forward. Any proposal received will be presented to creditors in a formal meeting for consideration.
Whilst it is regrettable that there have been delays in bringing this to a conclusion, we wish to assure creditors that all parties to the mediation continue to make a concerted effort to present creditors with an alternative to ongoing litigation.
Yours faithfully
JOHN LINDHOLM
LIQUIDATOR
Seems it is by no means as definite as previously thought.
The wait continues..
opes prime
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