LATEST LIQUIDATION NEWS

This letter has been sent to all creditors:

Dear Sir/Madam

BANNERS BROKER INTERNATIONAL LIMITED (IN LIQUIDATION)

(“THE COMPANY”)

HIGH COURT OF JUSTICE OF THE ISLE OF MAN 14/0024

As you are aware, I was, together with Miles Benham of MannBenham Advocates Limited, duly appointed Joint Liquidator of the above named Company on 14 March 2014, having previously been appointed Joint Provisional Liquidator and Deemed Joint Official Receiver.

You have kindly provided me with details of your claim against the Company, which has been noted on my file. In accordance with the provisions of Section 91 of the Companies (Winding Up) Rules 1934 (“the Rules”), the Joint Liquidators are required, on a monthly basis, to file, at Court, all Proofs of Debt received from creditors.

In addition to the provisions outlined above, Section 94 of the Rules requires the Joint Liquidators to either admit or reject the Proof of Debts received from creditors. As I am not currently in a position to admit or reject claims, I intend to seek approval from the Court to extend the time limit for dealing with claims and you will be kept fully appraised of developments in this regard.

I am currently awaiting information from certain parties to ascertain the details of the bank account into which your monies were paid, which will help me determine how to deal with your Proof of Debt. To assist me whilst I await this information, it would be useful for those creditors, who have not already done so, to provide me with further information relating to the funds paid to the Company. Accordingly, I should be grateful if you would let me have as much of the following information, and copy documentation, as you may hold:

* Copies of your personal bank statements showing where your funds have been paid to.

* Copy credit card statements showing where your funds have been paid to.

* Any email correspondence with the Company in relation to the funds paid to it.

* Details of any “Banners Broker” bank accounts into which you have been asked to pay money.

I look forward to hearing from you.

Yours faithfully

Paul Appleton – Joint Liquidator

Paul Appleton is licensed to act as an Insolvency Practitioner in the UK by the ICAEW

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DAVID RUBIN&PARTNERS LLP
Telephone: 020 7400 7900
Facsimile: 020 7430 2346