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There is one thing worse than an Enbloc ----- and that is an Enbloc done badly. Since the majority have the necessary mandate to sell, then they owe it to all SPs to make a success of it. Minority SPs can only watch and wait, if they sell then lets pray it's at a price we can move on with, if they don't sell, then we are happy to stay for a few more years.

4-Weekly Statutory Notices & Accounts

As the first signature to the CSA was on the 12th Jan 2012 (assumed) the first 4-weekly Statutory Notice is thus due on the Notice Board on 8th February 2012

The 8-Weekly Notices in Round 1 were allegedly manipulated shamelessly. Could it happen again in Round 2?

Protestations about professional integrity aside, there ought to be a system in place for checking the checkers with full access to all documents given to any SP upon written request. Transparency was promised at the off-set, but will they deliver on that promise with regard to the Statutory Notices? Any shielding from SP scrutiny will only heighten suspicion.

Here is the Law on the Statutory Notices:-
First Schedule: 1.

The 3rd Schedule allows SPs unfettered access to the Accounts, which is a relief as the sale committee is now managing the Enbloc Sale Fund (ESF) with the potential to collect tens of thousands of dollars.  As the Vice-Chairman is a banker by profession, I place this account above suspicion. Nevertheless, as is my right, I shall be asking for access to it at various points along the way... :)

Here is the Law on the keeping of records :

3rd Schedule:-

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