Premier Eco-Resources Fund Suspension, updated Aug 2017
This fund is now being wound-up.
November 30th 2016: Premier Group IOM went into liquidation and is currently under investigation by the Liquidators.
December 16th: The IOM Courts appointed an Inspector to consider the running of the Eco-Resources fund and its finances.
December 19th: The Fund Directors issued a report.
December 20th: Following the EGM all existing company directors resigned.
January 16th 2017: new EGM to look at appointing new directors.
March 18th: IOM High Court ordered the winding-up of the fund (see attached article).
August 4th: IOM Courts have ordered the replacement of the appointed Liquidator (see attached article).
The fund appears broke and the only hope seems to be if the Liquidators can find any wrong-doing which would allow them to claim funds from elsewhere. The August decision by the IOM Courts seems to indicate the IOM Government’s desire to see the fund rescued rather than liquidated.
As more information gradually comes to light I shall publish it. If you have any questions related to this fund, then please Contact Me and I shall see if I can get the answers.
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