Re: OFT mediation

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07/01/2013 at 10:38 am #17558
justsaying
Flatchatter
Chat-starter

    thanks for your advice. As I understand it the OC/EC appeared at a OFT mediation with legal representation as well as two EC members.

    The annual “cash statment”provided at AGM  only mentions that the legal fees was paid by an insurance claim. There is no mention of the cost BEFORE reimbursement and or to the cost to owners from the SM to administrate all correspondence. There is no mention as to why the cost normally covered by owners funds would become an insurance claim.

     I would expect that the cost would be shown with a reimbursement noted as incoming revenue?

     

    There appears to be an increase of $3,000 to the base SM contract.There is nothing in the AGM minutes that mention the additional costs.

    What is noted is an increase of 30% but I thinkg this may be a general increase.

    thanks