How many depositors didn't/couldn't vote?

  • kaklife
  • 24/10/08 31/05/09
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Posted: Fri, 22/05/2009 - 16:55

I am in stranded S. America due to this almighty cock up. I hold the U.K. Gov. wholly responsible with the IoM making things worse . But what i do expect is to have my vote count regardless of what way i would have chosen. Friday 21st of May i recieved my voting forms (for what it's worth i am reading them now)!

I wonder how many others are in a similar position of late forms recieved. Would this have changed or strengthened the result if these votes were counted?

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It's really quite bizarre but

  • occams razor
  • 10/10/08 31/05/09
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  • Sat, 23/05/2009 - 22:28

It's really quite bizarre but from what I can see... true: No-one's voting made any difference whatsoever. The SoA was definitively sunk by one vote of £3million value in Class 3. Everything else was utterly irrelevant. So the postal votes that didn't arrive could not have affected anything either (not that it's not appalling how the postal votes arrived late). Please correct me if I am wrong....
What a sorry saga...
http://www.kaupthingsingers.co.uk/Pages/4087


It's really quite bizarre..........etc

  • SBS
  • 28/10/08 31/05/09
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  • Sun, 24/05/2009 - 15:54

I totally agree with occams razor.

What a complete and utter waste of time!

I see also that it is being suggested that KSFIOM was mainly an internet bank. As a long standing customer [Singer & Friedlander], and long before Kaupthing took ownership, I might point out that this may be seen as the case now, but it was not so a decade ago.


no difference

  • kaklife
  • 24/10/08 31/05/09
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  • Sun, 24/05/2009 - 00:13

I think you have hit the nail on the head. One vote eh? They (Iom Gov.) didn't see that coming!
I wonder who was in charge of the final details of the SoA. I mean the one who worked out the classes and the voting calculations that would need a yes vote. I bet he feels like a right W#####. how many months wasted? Did he have this thing called.......a calculator? obviously not. Still, i bet he still has his job and income so who cares?


Sorry - but your vote would not have mattered

  • expatvictim
  • 10/10/08 01/11/10
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  • Sat, 23/05/2009 - 05:36

Don't lose any sleep over not being able to vote. I agree totally with your sentiments and principles on being allowed to vote - I have not received my voting papers or the subsequent ammendment letter yet. However, all it took was one vote against in Class 3 to sink the SOA. Any missing votes in Class 2 would have not changed the result.


what was the point

  • kaklife
  • 24/10/08 31/05/09
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  • Sat, 23/05/2009 - 14:06

yes i see now. It begs the question "What was the point of it all"?
We have had delays after delays to get to this point and if what you say is correct then if only one vote could change the situation why go ahead with this setup. It seems to me all this was a complete waste of time and money and we are now back to square one (8th October 2008).
I am obviously frustrated at all this. I have been patient and waited for them to do the right thing. The thing is i am on my last legs as it were. I am so close to losing everything that anymore delays will be very costly. I am being sued down here due to not being able to pay bills etc. I am robbing peter to pay paul but peter now knows where i am! I had a nice normal life once upon a time. Now it's like i'm trapped in a nightmare/horror story!

I just want a speedy return of my deposit so i can get out of this mess. I won't be able to fulfill my ambitions anymore but i may at least i may stay alive!!!!!


what was the point

  • kaklife
  • 24/10/08 31/05/09
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  • Sat, 23/05/2009 - 14:06

yes i see now. It begs the question "What was the point of it all"?
We have had delays after delays to get to this point and if what you say is correct then if only one vote could change the situation why go ahead with this setup. It seems to me all this was a complete waste of time and money and we are now back to square one (8th October 2008).
I am obviously frustrated at all this. I have been patient and waited for them to do the right thing. The thing is i am on my last legs as it were. I am so close to losing everything that anymore delays will be very costly. I am being sued down here due to not being able to pay bills etc. I am robbing peter to pay paul but peter now knows where i am! I had a nice normal life once upon a time. Now it's like i'm trapped in a nightmare/horror story!

I just want a speedy return of my deposit so i can get out of this mess. I won't be able to fulfill my ambitions anymore but i may at least i may stay alive!!!!!


votes not counted

  • conned
  • 13/10/08 n/a (free)
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  • Fri, 22/05/2009 - 18:24

Did you not download the voting papers from the DAG? Most people did. I have not on 22nd May, received the voting papers yet in the South of France. They could have walked here by now.


no internet

  • kaklife
  • 24/10/08 31/05/09
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  • Sat, 23/05/2009 - 02:16

No i didn't. Internet is sparse where i am. I have to find internet cafe's which are not really part of the modern world. So it becomes almost impossible sometimes to get things done online. I spend as little time as possible in them due to security concerns. So i missed that option on the site.

My point is though, the time spent on all of this seams to have been wasted at the last minute. what was the point? They know many of us are spread on all corners of the globe with different accessability. It takes sometimes 2 months to get post down here and like i said it is difficult to spend a whole day in a cafe just to check emails, let alone surf the net (forget it).

My life not only is on hold it is completly F##### thanks to them. the least they could do is give me enough time to vote.
downloading from the dag site was a good idea. but it shouldn't be dag's resposibility to do so!


'Post Paid' versus 'Post Office'

  • Alan Mauritius
  • 03/11/08 31/05/09
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  • Sat, 23/05/2009 - 11:54

Many of you will know that Mauritius was the source of the extremely valuable 'Post Office' stamps. They were printed with 'Post Office' on them instead of 'Post Paid' (the 1d orange and the 2d blue). I'm only telling you this just to gain your interest. What I wanted to say is this:

On Wednesday 20th May I received a letter from the KSF IOM that had been posted on the 14th May i.e. the letter took 6 days to reach me in Mauritius.

Today, which is Saturday 23rd May, I have still not received my Poxy (sorry) Proxy Voting Forms. Do you think someone in the IOM doesn't want me to vote?

Three cheers for downloading!! The Victorian administrators on the IOM have never heard of that of course.


Mauritius

  • chris watson
  • 23/10/08 31/03/10
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  • Sat, 23/05/2009 - 12:04

I think the general response is that KSFIOM was chiefly, although admittedly not exclusively, marketed as an "Internet bank" and it's reasonable to assume most depositors had access to it this way. Further credibility to this argument is that the votes received represented a very high (90 odd %) turnout with regards to the value held.

I think everyone agrees PWC did a shoddy job with getting out the forms, which asks questions about how competent they will be managing the liquidation, but given the voting has closed, isn't in time this thread was ended?


Wrong again chris

  • bellyup
  • 10/10/08 09/01/10
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  • Sat, 23/05/2009 - 12:12

Loads of people came in from the Derbyshire Building Society which was most certainly not promoted as an internet bank.

If it were your parents life savings and they were not internet savi wouldnt you want them to at least receive the voting papers?


Bellyup

  • chris watson
  • 23/10/08 31/03/10
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  • Sat, 23/05/2009 - 12:24

Of course I would wish for my parents and everyone else's to at least receive their voting papers.

But I don't see how my posting is wrong. Look for the words "not exclusively" and "reasonable to assume most depositors" and what comes after them.

"KSFIOM was chiefly, although admittedly not exclusively, marketed as an "Internet bank" and it's reasonable to assume most depositors had access to it this way. Further credibility to this argument is that the votes received represented a very high (90 odd %) turnout with regards to the value held.