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SoA and Foreign Currency Account Holders

Posted 14/02/2009 - 13:44 by Jerome.broke-in...

It is very clear that the SoA as proposed in the Fourth Affidavit of David C Lovett CAN NOT fulfill its stated aims. They are stated to be that the SOA will give a return no less than a liquidation.

This is clearly not possible for Foreign Currency Account Holders who had more than a small amount in Euros or dollars as the SoA fixes the rate as that of the 9th of October

So as far as I can see the SoA as currently proposed is a bad loss for any depositor who had/has a Foreign Currency Account

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