Dragon Fund Update, July 25th, 2011

I received this via email today. If you’re an investor with money in the Dragon Fund, here’s what’s going on (which is to say, still not much):

July 25, 2011

Dragon Fund Update

Recently Dragon Fund and the trustees of the fund have been served with an Amended Statement of Claim which has included MacLeod Dixon. This amendment has created a conflict of interest between our legal counsel (MacLeod Dixon), ourselves and the fund.  MacLeod Dixon is no longer able to represent the fund as this is a conflict of interest.

New legal representation for Mike Arnold and Tina Zowtuk has recommend we resign as trustees . Due to the Amended Statement of Claim the new legal counsel can represent us personally but not the fund.

We are currently asking for individuals to put their name forward to take on the trustee role of the Dragon Fund LP.  If we are unable to replace the trustees internally the fund will have to appoint an external trustee.

If you are interested in becoming a trustee please forward your contact information.

Regards

Mike Arnold
Tina Zowtuk

  • Greywood

    Another setback, there is so much we can thank Mr Jones for.The trustees have given us poor advice in the past,so it is no great loss.