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lifegear

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lifegear

Re: A deleted message

Thursday, 11/13/2008 10:07:46 PM

Thursday, November 13, 2008 10:07:46 PM

Post# of 10201
Payment of Dividends....

Doesn't this say that if the liabilities are gone, payment of dividends will commence? Isn't that the status of Lasalle Re Limited now -- liabilities are down to zero?

May 2007 "LaSalle has not been in compliance with the Bermudian insurance solvency
regulations and therefore is currently not authorised to pay any dividends to
its parent until such time it has extinguished its current insurance
liabilities. "

http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=4901301

---------------------------------------------

This is probably where they got the $35M net asset surplus after an increase in 2007....

"As at December 31, 2006 LaSalle's unaudited balance sheet
showed shareholders' funds of approximately US$25.2 million.

___________________________________________________
"The only thing necessary for the triumph of evil is for good [people] to do nothing." --Edmund Burke



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