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Re: WIDESPREAD PANIC post# 5076

Friday, 11/07/2008 9:40:57 PM

Friday, November 07, 2008 9:40:57 PM

Post# of 10201
Solvent Schemes of Arrangement (SSOA) ensures a means of bringing finality to insurance/reinsurance companies.

"If all the above has been completed satisfactorily, there is a good chance that there will be some remaining assets to return to the owners of the business. There may be some remaining debts to collect, or be sold to an external party and all noninsurance assets and liabilities should be realised/discharged."

"Ultimately a members’ voluntary winding up can be effected, to bring complete finality to the company, with surplus capital being retuned to its owners."

The next 8-K should inform ALL of the SHAREHOLDERS, the amount of surplus capital that is being returned to the SHAREHOLDERS

DD - Source Link: http://www.compre-group.com/ss/downloads/articles/Ch4_SSOAs.pdf

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