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lifegear

12/28/08 2:02 PM

#8079 RE: twk000jester #8078

2nd payment to LSRAF is due within the next 6 months according to 8K

lifegear

12/28/08 6:39 PM

#8080 RE: twk000jester #8078

July 7, 2008..."It is anticipated that any further distributions to Series A Preferred Shareholders will occur within 12 months, although the exact timing and the quantum of any further distribution is uncertain."

so remaining contingent assets could be monetised as early as 1st qtr next year imho





lifegear

12/29/08 5:42 PM

#8126 RE: twk000jester #8078

do you remember the interest rate on the $67M in Notes owed to us? if it's 8.75%, it could be the source of the $.04 quarterly dividends the common stock was receiving years ago

it looks like the Note was acquired by CHUKL too imho

$67M x 8.75% annual dividend = $5.86M divided by 36,761,021 o/s = .16 annual or .04 quarterly

Flinstone's 2006 year of account should expire by year end and dividend payment should start next year according to LSUK by-laws

lifegear

12/29/08 6:17 PM

#8128 RE: twk000jester #8078

Magicsunny changed its name to Canopius Holdings UK Ltd according to one of the filings in this credit report

Magicsunny is the entity mentioned in the long term management buyout of the Lloyd's operations

http://www.creditgate.com/search/search.aspx?AP=Full%20Non-Limited&CompanyID=04818520&CompanyType=L&BS=1&BT=Full%20Data

COMPANY NAME CHANGED MAGICSUNNY LIMITEDCERTIFICATE ISSUED ON 08/01/04;RESOLUTION PASSED ON 07/01/04

COMPANY NAME CHANGED CANOPIUS HOLDINGS UK LTDCERTIFICATE ISSUED ON 17/04/07;RESOLUTION PASSED ON 27/03/07