Hi Everyone
Like most people when I received the original email regarding the Special Vehicle (Ltd company that owns Kirk Hill Assets) accounts from Sarah(Ripple CEO) and then last nights dual email from Fiona (KH Chair) and Sarah I was pretty annoyed to hear we were back in a similar situation for the SPV accounts as we had been in November for the Co-Op accounts. I voiced my concerns here and by emailing the chair directly.
I just wanted to say I have had a few emails now from the chair and it is clear much is going on behind the scenes to secure our investments. Fiona rightly has pointed out she, and other board members, are also investors and therefore have an interest in putting things right.
From what I have seen, which clearly is limited due to various legal and commercial restrictions the chair will have, I am confident that the chair and the board are working closely with the SPV partner Bruntwood Holdings to find a way forward.
What we need to do now is wait and give the board time to identify the facts and then call the members meeting. It is important as many of us as possible ensure we attend this to hear what is said and give input if needed. Until this meeting is held any speculation is just that and while we can find out some of the facts from Companies House and the FCA these don't tell the whole story I am sure.
Not knowing what is happening with our investments is frustrating but I honestly believe the board are acting in members best interests and we will be given some answers and the way forward explained as soon as they can.
What we must do now is support our board in achieving an outcome that is best for all of us, it is after all in our best interests and why we elected them.
John