Friday, April 13, 2007

Second Announcement ..???...

SECOND ANNOUNCEMENT
April 3, 2007


Dressel Investment Ltd. (USA) has conducted a preliminary assessment of its financial
status and the availability of assets to pay off demands from investors of Dressel Investment Ltd. (BVI) (the "Company") in the wake of unprecedented demand for return of capital.
However, an accounting showing amounts received from investors and amounts
paid back to them has not been received from the principal brokers of the Company to
assess the total amount of investor obligations. It has been determined that investors fall into one of three (3) groups: (1) those investors who have already been repaid the full amount of contractual obligations owed to them; (2) those investors who have been paid some but not all of the amounts contractually owed to them; and (3) those investors who have not been paid any return on their investments. It has been determined that it is unlikely that the Company has sufficient assets upon liquidation to fully pay the amounts owed to investors in groups (2) and (3). Additionally, no further amounts will be paid to investors in group (1).
Until the Company receives a complete accounting of amounts that have been paid to
investors in groups (2) and (3) it is impossible to determine what amounts are owed to which investors.
However, it is extremely unlikely that the full amounts owed can be repaid.
Further, all assets of the Company are in the process of being transferred to a trust for marshaling assets, recovering amounts due and owing and preserving assets to maximize return to investors in groups (2) and (3).
As soon as we have additional information we will forward it to investors through the
brokers they worked with.


Dressel Investment Ltd

No comments: