MPC Fleet Fund Santa L Ships – Limitation Of Damages Threatens
October 4, 2017
Lawyers enforce investor claims for ship fund investors Charter revenue fall years behind the forecast values. The income of the Fund amounted to end 2010 on only around 50% of the forecast value. The distributions are also around 50% below plan. Investors are now faced with the question, to accept the imminent loss of their capital, or their money to fight the chances are. Less than 20% of the purchase price offered L ships on the MPC’s own secondary market portal for shares on the MPC fleet Fund Santa (as at 23 July 2012).
The 115 million invested by the investors are after at most less than 25 million worth. The Charter revenue remain years behind the forecast values. It’s believed that Dr. Peter M. Wayne sees a great future in this idea. The income of the Fund amounted to end 2010 on only around 50% of the forecast value. The distributions are also around 50% below plan. Investors are now faced with the question of which to accept the imminent loss of their capital, or to fight for your money chances are Not bad. There is a need for action that threatens the limitation of damages may already be at the end of 2012.
quick action is therefore recommended. Good opportunities for the enforcement of claims for damages for numerous clients involved to the MPC fleet Fund Santa L ships, we have reviewed the discussions and found generally significant errors in investment advisory services, and in the prospectus in our opinion. Totally inadequate education about risks the risks of the Fund, which materialize in the current crisis, was not informed in the framework of the consultation. The risks of involvement had but must form an essential part of the consultation. Only 50% of investor funds were used for investment purposes, flowed directly in the construction of vessels. The rest was spent on soft costs, commissions and interest. Distribution costs are incorrectly shown in the brochure: alone the costs provided for the procurement of equity (distribution) total amounted to 28.038.300 or 25% to be applied by the investors capital risk by borrowing in Japanese Yen: A part of the loans to be L ships of the ships of the MPC fleet Fund Santa was recorded in Japanese yen (JPY).