EPS 2 PYABLE END OF JUNE 2009

  • kuce
  • 27/11/08 30/11/09
  • not prepared to answer
  • Offline
Posted: Thu, 07/05/2009 - 13:38

Can you please advise how many of us have these problems with IOM Treasury re EPS 2

1ST MAIL

Dear Mr XXXX

I can confirm receipt of your EPS2 application form on 6th April 2009, it is anticipated that payment instructions will be passed to our bank 28 days after receipt of the documents. I understand it can take another 10 days for payment to reach your account.

Yours truly,

Officer IOM Treasury

SECOND MAIL (At the end of 28th days I asked has instruction been passed to their bank to effect payment to our nominated bank account)

Dear Mr XXXX

I confirm your payment is in progress and is taking 1 calendar month to process.

Please check with your bank mid May 2009.

Kind regards,

KSF Treasury Helpdesk

THIRD MAIL (received today)

Dear Mr xxxx

Thank you for your email.

We are unfortunately, encountering considerable delays in making payments to non UK bank accounts. It is now anticipated that payment will be made toward the end of June.

Yours truly,
Officer IOM Treasury

What is happening there? Have they run out of money? Is this some tactic related to SOA voting or something elseā€¦?

I am confused and shocked. Is this what they meant saying EPS 2 will be paid faster?

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EPS2

  • joyce p
  • 15/10/08 n/a (free)
  • a depositor
  • Offline
  • Thu, 07/05/2009 - 13:55

I HAD THE SAME PROBLEM.FIRST TOLD 28 DAYS FROM RECEIPT AND THEN THERE WAS A DELAY BECAUSE OF EASTER.IT TOOK 40 DAYS FROM RECEIPT TO GET INTO MY BANK IN UK.

SOA EARLIER PAYMENTS ???????????????


We too were told initially

  • KrapthingSwindl...
  • 15/10/08 31/05/09
  • a depositor
  • Offline
  • Thu, 07/05/2009 - 19:13

We too were told initially that it would be 21 days before payment would be received then later on it would be 1 month. We did eventually receive the money after about 1 month. I guess your money will come through eventually too.

With what has happened over the past six months with KSFIOM in what we thought was a safe investment, and all this EPS2 palaver we've withdrawn almost all of the money we had in IOM outside of KSFIOM. I suspect we are not the only ones! You live and learn I suppose.

KrapthingSwindlerFreeloader


UK or Non UK Bank

  • kuce
  • 27/11/08 30/11/09
  • not prepared to answer
  • Offline
  • Mon, 11/05/2009 - 07:01

Dear KrapthingSwindlerFreeloader,

Did you receive EPS 2 in UK Bank or non UK Bank?


Kuce, Payment was to a UK

  • KrapthingSwindl...
  • 15/10/08 31/05/09
  • a depositor
  • Offline
  • Mon, 11/05/2009 - 11:39

Kuce,

Payment was to a UK bank.

KSF


and who has the voting rights....?

  • Anonymous
  • Offline
  • Thu, 07/05/2009 - 14:03

...for the EPS2 amount? I could hazard a guess it won't be you, even though you haven't yet received the money...


and who has the voting rights....?

  • Anonymous
  • Offline
  • Thu, 07/05/2009 - 14:49

Voting rights is a somewhat thorny issue. It is being addressed as I write.