Shire sent out these letters to investors in Fort McMoney II and Maple & White sands on June 26, 2009. Investors in both projects were due to receive interest payments from their respective projects on June 30, 2009. According to the letter, there is a temporary delay in payments until restructuring of all current projects by a third-party advisory panel is complete. Who is the 3rd party? Exactly when will the restructuring be complete?
I wonder what happened to the project updates that were forthcoming within the week as mentioned in the letter dated June 15, 2009? Its been 14 days now.... I wonder when Shire will be calling their project specific bondholder meetings mentioned in this letter from June 22, 2009? Lets give some dates, details, and live up to commitments....
I won't hold my breath.
