A special request

After some silence I have a quick one for those who are still following the Edwafin saga. I was asked to publish the following (5th) circular from the liquidators on this blog. It is important that as many investors as possible attend the meeting.


Dear Potential creditors

EDWAFIN INVESTMENT HOLDINGS LTD (In Liquidation)

Masters reference : N74/09

We confirm that no creditors have proved claims at this stage, purely because there is a danger of a contribution being paid by Creditors proving claims.

This letter is addressed to all potential creditors inviting them to an urgent confidential informal meeting to take place at Hillcrest Primary School (situate at 17 Emoyeni Drive, Hillcrest, ph : 031 – 7653252) on Wednesday the 23^rd of June 2010 at 10h00.  All potential creditors are urged to attend the meeting, to consider, inter alia, the following :

1.             a confidential report to be tabled at the meeting by the joint liquidators;

2.             the continuation of the Section 417 / 418 enquiry, the costs and effect thereof;

3.             the possible litigation against third parties;

4.             the funding of pursuing the claims as contained in the confidential report.

The meeting is an informal creditors meeting because no creditors have proved claims thus far.

This is the last opportunity that creditors will have to consider pursing any recovery and you are requested to attend the meeting to provide the Joint liquidators with your input and directions.

			Berrangé Incorporated Attorneys, Conveyancers & Notaries