Investors ; Many of you have been calling and writing.
There is as yet no decision regarding the Jordan policies. Courts occasionally appear to move slowly for a variety of reasons including case overload. I can not speed that process up. I do still believe a settlement is the best option for all parties.
The Court has been considering contempt motion against several insurers and viators whose lack of cooperation has slowed the ReceiverÃs progress. The Receiver has been looking in to the sale of all or part of the portfolio although no deals have been concluded.
Other collection efforts such as the broker cases and the funds in Canada are ongoing.
Andrew Storar, Examiner