Bob’s Weekly Update

Dear Bondholders,

Last week I asked Ian to put up the message:

“There will be no BWU this week as there is no news that I can discuss.I had hoped to be able to write on one subject this week but due to my NDA I have to wait for BDO to publish the information, and I must remain silent.”

The more observant of you will have noted that BDO then ‘sneaked’ out an update, after close of business the same day.  You will also now be aware of the points I wished to discuss within the limits imposed on me by my membership of the AHC.To read the whole document (an absolute must if you haven’t done so) please visit the BDO website or read it here:

READ FULL UPDATE

 

Bob’s (Semi-Weekly) Update

Dear readers,

There will be no BWU this week as there is no news that I can discuss.

I had hoped to be able to write on one subject this week but due to my NDA I have to wait for BDO to publish the information, and I must remain silent.

There is always another day….

Enjoy your collective weekends,

Bob

Bob’s Weekly Update

Dear Bondholders,

Well both Ian and I are back. This has been another poor week for health for me, and I’m basically typing with one hand, but……wait for it……the house is finally finished!!!!!

The AHC meeting took place last week as promised by BDO. Obviously, only BDO can share any information on matters discussed, should they so wish, but all I can tell you. was that it was a very busy couple of hours. Subsequent to this, the three bondholder members, who were actually present, as opposed to on the telephone, then had an informal meeting with the FSCS representative present. This was a very kind offer on her part, which was much appreciated, and I felt it was a most constructive end to the day.

READ FULL UPDATE

Bob’s Weekly Update

Dear Bondholders,

Special Arrangements for September

Before moving on to today’s business, an important announcement for readers. Having had my return to Prague prevented by water damage to our home in May, and then by the health problems in June, July and August, I’m finally taking a break. In the past I have tried to file an Update from wherever I am, but this time I’m shutting off for two weeks, as I really need the rest. By a cursed coincidence Ian will be away the last two weeks of September, and therefore there will be no Updates on this website for September.

READ FULL UPDATE

 

HSBC faces £151m lawsuit over Keydata collapse

HSBC faces £151m lawsuit over Keydata collapse

by Jun Merrett on Aug 27, 2014 at 09:53

HSBC has vowed it will fight against a $250 million (£151 million) lawsuit which alleges it aided fraud in relation to failed investment company Keydata.

The claim was filed to a New York court last week by Baden & Baden, which is the liquidator for life settlement vehicle SLS Capital, and has been backed by a group of 900 Keydata investors, according to The Financial Times.

SLS Capital issued life settlement bonds which were then marketed by Keydata.

The liquidator accused the US subsidiary of HSBC

 

Bob’s Weekly Update

Dear Bondholders,

This week I’m providing a round up of items as there has been no BDO update in August.  I’m also continuing with the campaign to raise the profile of the appalling damage done to our investments by the FSA. ‘Thought for the day’ Maybe it is time for the Treasury to start asking itself did it get the ‘best bang for it’s buck’, or rather our bucks, with the organisation as it then was. The FCA are actually asking for your opinions, and it is your chance to tell them. More below.

READ FULL UPDATE