A meeting with Cleone Couch...

I am pleased to advise that on Friday, August 21, 2009, our legal counsel, John Blair, and I had a lengthy meeting with Cleone Couch, her legal counsel, and a representative of Ernst & Young LLP to discuss the status of various Shire projects. The atmosphere was one of cooperation and mutual courtesy and Ms. Couch provided a significant amount of information that supplements what we knew from prior correspondence, court searches, title documents and other sources. Ernst & Young LLP is working diligently to gather information and formulate a plan to deal with the various properties on a going forward basis. We are gratified that both Ernst & Young LLP and Shire seem to perceive the utility of involving the investors in the process. A preliminary report will hopefully be ready for the next court appearance in the CCAA action set for September 4, 2009. Mr. Blair and I are currently examining the benefit of retaining property development experts to assist us, Shire and the court in assessing the development, sale or other prospects for the various Shire projects, some of which appear to be more viable, or at least capable of monetization, than others. Obviously, considerable progress is being made and will continue on several fronts in the near future.

Please Note: You are not represented in the class action unless you have sent in your signed retainer letter along with your payment to John Blair’s office. Please contact me if you require further information.

Shire seeks CCAA Arrangement...

Please review the following documents along with the update from John Blair's office:

CCAA Affidavit
CCAA Initial Order
Update from Borden Ladner Gervais

Overall, we feel that this is excellent news! Please contact me if you have any questions: investor@telus.net

Further information can be obtained from Ernst & Young at www.ey.com/ca/shire or by calling Ernst & Young at 403-206-5432

The National Post Covers Our Story...

The National Post carried our story today on page A8, this is the same story by reporter Daryl Slade carried in the Calgary Herald and the Edmonton Journal. You can also find the story online here.

The Calgary Herald Covers Our Story...

Reporter Daryl Slade from The Calgary Herald covered out story in today's paper in the City & Region section, Page B2. You can also read the story online here.

Update: The story was also carried by the Edmonton Journal here and on page F3 on August 12th.

Late moving notice... with no forwarding address.

Shire sent out a letter to investors today about their move. I find it interesting that they date their letter on August 4th, but the email clearly shows that the letter was sent today (August 7th) at 7:57pm MST which is after my blog post about their move. Also surprising is their mention that they tried to re-negotiate their lease with the landlord. It is my understanding that Shire sufficiently moved out of the space without notice to the landlord and as such, the landlord has locked them out.

Is there a new Shire address? Why were investors not notified of the move prior to the move?? What are the dates of the September meetings? What is the location?

The number you have reached is not in service ....

Shire International phone number 403-262-1222 is no longer in service. Their website indicates this to be the case, one can only assume that it is being moved to a new location.

No forwarding address...

So much for restructuring! It has come to my attention that Shire International has moved out of its office location. The company who manages the building has had some troubles with individuals trying to gain access to the Shire office space. As Shire has moved out of the space and has not yet provided a new address, you will need to undertake other means to contact Shire International such as phone, email or telepathy....