Update (1) to investors of credit linked securities

I have received more than 800 signatures to my "petition". It is not really a "petition". I used the "petition" software to collect the particulars (i.e. name, telephone number and e-mail address) of the signatories, so that they can contact each other.

I do not wish to send the full list (of more than 800 people) to each of the signatory, as the list could be mis-used by any recipient for other purposes. To reduce the risk of mis-use, I shall be creating smaller lists of 50 signatories. The list will be sent to the people named in the list. This allows the recipients to contact and talk to the other people in the smaller list. I hope that this is suitable as a first step.

I will be arranging for a new Petition to be signed online. This Petition will call on the authority (MAS or Attorney General) to take action on behalf of the investors and bring the financial institutions to court. The aim is to get compensation for the investors for their loss due to mis-selling. The wording of this new Petition is being worked out now.

I am arranging a meeting of the investors. It is expensive to book a large auditorium and to have people to handle the registration and logistics. I am considering to hold smaller meetings of up to 100 people at a time. I shall discuss this matter with my team and update the investors separately.