Post 8 Oct 2008 Interest: Concerns re the position of the DCS
In response to Mike Simpson's Letter to Unsecured Creditors, I have today submitted to his office two letters - one for the attention of Counsel for himself as Liquidator and one for the attention of Counsel for the IOM Financial Services Authority (ex FSC) as Scheme Manager for the DCS.
They express my concerns re the position of the DCS in this matter and will, I trust, be self-explanatory. While the essential material is common to both letters, some of the points are reordered to reflect the difference in emphasis. I have few illusions as to their likely influence, but who knows - the points raised may possibly give the DCS pause for thought and at least I can feel I did my best. Given the relatively small amounts of money involved, it's more about the principle than anything else - but that does irk me considerably.
I am attaching the two letters here. Please feel free to use or cite them in any way you think fit.
Regards to all,