I've received an email from the Board of Directors for Ripple Coop 4 Limited. Mainly making contact and letting me know they exist and are working on our behalf, including looking at where our funds are held. It's a little worrying that they don't know.
If you have not been contacted, you could contact them at [email protected]. They are volunteers and ask that emails to them are minimised please.
One place to comment and communicate with other members is: https://www.reddit.com/r/RippleEnergy/comments/1jfdf0c/ripple_bankrupt/
The rules of Coop 4 Limited state:
"19.1 The Society shall, within six months of the end of the financial year, hold a general meeting of the Members as its annual general meeting and shall specify the meeting as such in the notice calling it.
19.2 The business of an annual general meeting shall comprise, where appropriate: (a) the receipt of the accounts and balance sheet and of the reports of the Board and Auditor (if any); (b) the appointment of an Auditor, if required; 8 (c) the election of the Board or the results of the election if held previously by ballot; (d) the application of profits; and (e) the transaction of any other business included in the notice convening the meeting."
I've been a member since April 2024 and assume that the Society will call an AGM. Could we please have confirmation of that and a clear indication of a date when it is expected to be called. Will members be invited to submit questions or motions to the AGM?
UPDATE:
I'm posting this update because I can find no other way to get information to members the Whitelaw Brae coop (Ripple Coop 4 Limited). I'm expecting no reply, so this post is intended for your information only.
It appears that Ripple Energy filed to appoint administrators on 17th March 2025: https://caseboard.io/cases/95fcff45-36fc-4f5d-8191-0b286980f266 plus articles in the media.
It also seems that we can no longer post to the community, supposedly due to 'the impending Online Safety Act'.
Ripple has also not responded to previous requests from other members as to where our funds are held - they should be held by Coop 4 Limited in a separate client funds account. Hopefully they are protected.