Dear Ripple Coop 4 Member,
Here is the latest update for Ripple Coop 4 Limited.
It may appear at times that not much is happening, but we continue to work on multiple streams of investigation and preparation for further engagement with Begbies Traynor, namely:
• The production of detailed instruction to Counsel
• Shortlisting and final selection of Counsel
• Data collection and investigation regarding member payments made via bank transfer
• Governance related items such as insurance for Coop directors and membership of Co-ops UK
• Set up of a bank account for Coop 4
• Completing the necessary checks that will allow us to draw down funds donated to Coop 4 via GoFundMe
• Media engagement to help ensure fair and accurate representation of the situation facing members
Begbies Traynor report that the creditors committee did not receive sufficient nominations. We coordinated with other Coops to ensure that other nominations were made and have asked Begbies Traynor for clarification.
As always, every member of the Board appreciates your continued support, assistance and constructive feedback. We would again like to state our thanks to members of this community for engaging with each other in such a remarkably helpful manner in our community chat.
With best wishes,
Sam, Sonya, Tom, Klaus, Jetinder, Sheena and David
Board of Directors – Ripple Coop 4 Limited