NI Presbyterian mutual society, Short of funds for withdrawal?

expat68

http://www.newsletter.co.uk/news/DETI-still-considering-PMS-directors.5933179.jp

Lester_F

There are some creditors with many hundreds of thousands invested in the PMS. Some of these are individuals, some are congregations and some are organisations. They will probably (subject to the court's decision) get all their money back and at that stage we can all agree they will be wealthy.

There is a moral issue here.

Why are creditors that the Administrator took soundings from insisting they get their money first? Have they considered the consequences of this position? Are we not all in this together?

amadan22

i agree. what on earth was the point of the vote where 88.6% of members decided on an even distribution!? surely it's 1member=1 vote and NOT 1pound=1 vote!

Bigcammy

All I can say is that I hope that the deal with the bank is the right one for all of you that are affected and that you get most if not all of your savings back.

Maybe 2010 will be a much brighter one for you all. :xmassmile

amadan22

merry christmas everyone and nollaig shona dhuit to fivealive! thank you for all the effort.

ordained

Let us all call a stop to all this doom and gloom !!

We all have so much to be grateful for, today of all days !!

What was given to us some 2000 years NO ONE CAN TAKE AWAY !!

Rejoice I say rejoice and give glory to the Son of GOD, our Saviour !!

The greatest investment anyone could ask for !!

And you don't need to be a Presbyterian !!

goodbyepci

http://www.paulgosling.net/2009/12/review-of-the-year-co-operative-news/


The first few paragraphs about mutual societies - PMS mentioned.



Happy New Year everyone :rolleyes:

goodbyepci

http://www.uup.org/news/people/sir-reg-empey/new-year-message-from-sir-reg-empey.php

Flinflon

Happy new year, everyone!
Don't lose heart: Looks like we're in this for a good while yet.

Grrrandad

Flinflon wrote: »

Happy new year, everyone!
Don't lose heart: Looks like we're in this for a good while yet.

Hopefully the 'big' guys stay with us.