Date: Mon, 26 Jan 2009 08:40:58 -0000
Subject: Re: SmartLogikAction….Stonewalled..? *** We need some action ****

Hi Justin, all…
Thanks for your note….which is a familiar tale for many action groups.
Take a look at Leon Kaye website….eg, Rage PLC …rated as strong
case…blocked due to `lack of funding to progress case….just one example.

Some points….
Justin…what do you want/hope to achieve with your Blog…..?
Why are so few shareholders commenting here….?
Have we no influencial people on board, who might have a voice in the
right places….or other contacts who might help….senior Press contacts
at The Telegraph or Times, etc…
Could we `infiltrate/investigate` E & Y…get behind the mask…maybe some
smart investigative journalist……who could point the spotlight at the
secret protectionist operations going on, that cover up the skullduggery…?
Also, maybe an investigative journalist, with contacts could ask
questions as to how APR have done so well since grabbing Smartlogics
assets….?
Has anyone looked closely at the accounts of APR and questioned why
they have had the significant upturn in fortunes since aquiring Smart
Logics assets.
Werent there a range of other serious concerns, not least, that
Smartlogic gave assurances of significant contacts in the pipeline,
that seemed to vanish into thin air….did any of these then `resurface`
on the APR books at some later date. Can we get some investigative
journalist to take a look at the activities of this APR business…ask
some awkward questions..?
Was there not also questions about where all the money went, in the
months prior to Smartlogics demise….and more.
There was a programme on radio last week about the current
Administration processes, and there obvious deficiences (last Thursday
or Friday night, I believe…did anyone else see this..?)…. probably
radio 4… could we not contact the programme and raise our concerns
with them…see if they can help…maybe they might be prepared to probe
matters…put the spotlight on what is going on…..do another
programme..? It strikes me that one of the few options available these
days is to get the media to expose the flaws and embarrass Gordon and
his cronnies into `changing things`….

Costs of fighting action…….. could we as a group raise more funds….. I
guess one question might be…what we potentially stand to get back…have
you any feel for the sort of claims that might be possible…noting that
success would include legal costs.. Another question is who we would
claim against, and the ability of that party to pay up….??
Also, could we not raise this with David Cameron and his team….give
them an excuse to attack the Labour Gov, with questions in `the
house`…or questions fired at the FSA, other Gov
officials…..questioning the integrity of the process. Can we challenge
the `public interest` question, re information disclosure. Is it not
important that shareholders receive fair treatment…? Is it not
important that companies are obligated to be honest with
shareholders/stakeholders, and genuinely act in shareholders best
interests.
Is it not important that shareholder confidence is maintained, and
credibility is maintained, and that the processes are not seen as
`flawed and debased` at a time that market confidence is low, and the
Gov tells people that they should take a stake in UK PLC… How can Govs
take this stance, exposing investors to the risks of dealing with
these rogue businesses, that appear to be able to get away with blue
murder….how can that be serving public interest…. and what about
serving the interests of common justice….prefereably with a process
that is accessable to all, where justice is not priced out of the window.

Put these questions to DC, GB, UK Shareholders Ass, FSA, Senoir Press,
etc….. lets see if we can really achieve your objective of getting
some justice….
It is totally wrong that shareholders can be stonewalled like this,
and the truth concielled, by a bunch of rogues.
You know I`ve raised things with UK Shareholders Ass….they are running
up against similar brick walls…talk to them again about how these
brick walls can be penetrated……
Maybe, just maybe, we can apply presure in the right places and get
change.
One area I`d like to see `change` is in the area of `Creditor
meetings`…..I believe that the law should allow shareholders
unfettered access to creditor meetings, to be able to put substantive
and material concerns at such meetings, and be legally entitled to
substantive answers.
Where such matters are not dealt with satisfactorily, it such be
possible to have these matters independantly investigated, with
published findings, accessable to those with legitimate interestes.
Maybe you could give this some airing on the Smartlogic Website…..

I hope that, we as a body of shareholders can press these matters
further, and find ways to publicise these issues…high profile….+ press
action from our Politicians.

Best Wishes,
Dave