Provisional Liquidator's latest Statement 14 Nov on KSFIOM website

Part extract:
"Since our update of 4 November 2008 I have continued to have discussions with various stakeholders regarding a sale of all or part of the business. Those discussions are of a confidential nature and I am not able to give more details. I appreciate that depositors would like more information regarding the current position but regrettably I am not able to provide details at this stage.

I would remind depositors that any sale will need prior approval by both the Isle of Man High Court and the Financial Supervision Commission. I am aware that high level discussions are also ongoing between other parties."