27-04-2018, 01:41 PM
Broken for lunch. GC is out whatever the judgement. RR provided no defence saying not had the time or the money to do so. Some issue re Collateral sales... separate company. Not sure re issue. Seems to have been decided that Appt of RR was not lawful. Judge quite difficult to follow. Speaks quiety with a stutter. Other people say the fca guy sounded professional and well prepared. I missed him. Judge said that new administrator could, if found correct, ratify the decisions taken by RR. May help protect creditors if wrong decisions have been made if they have to start over although will be extra expense. No clarification as to whether we are creditors or investors. Stated that discussion was purely on law and not about investors. Saw woman from one project "building a village" but wouldn't say which project. Says they are repaying in full.sorry it's a bit bitty but it's the best I can give at moment. Chap from London says he is an investor. Wouldn't give a name.