01.04.08 - LNL Bank to acquire 8 Dragons Bank

Dear Bond and deposit holders,

It is a great pleasure to announce that LNL Bank will be acquiring the assets and liabilities of 8 Dragons Bank.

So what does this mean for Bond and deposit holders

Bond holders

Most Bonds have been re-purchased already. We are working with Cocky Dagger to ensure that the rest of the bonds are paid. Eventually a final dividend of $L1 will be paid to all remaining bondholders and BOND will be delisted.

Deposit holders

LNL Bank has been provided with a full and up to date list of all 8 Dragons account holders.  This will require 8 Dragons customers to visit an LNL Bank branch in the coming days to complete the simple process of opening an account. Continue to watch the ISE website for more instructions.

LNL Bank is one of SL's most respected and trustworthy brand names, we hope that 8 Dragons customers will be happy with the outcome, of what was potentially a very damaging situation for us all. I would like to thank Lindsay Druart for her efforts and honesty in negotiating this deal. The avatar Rodders Holgado currently has $L95,408 deposited with Tyrian Camillos SLIB Bank. We would ask Mr Camillo to pass these funds onto Ms Druart.

We thank 8 Dragons customers for the support they have given us, throughout the 9 months of our operation, I think Maelstrom Baphomet put it best when he said "It's been a good run", but now it is time to concentrate on RL businesses. We wish you all well, should you have any queries please do not hesitate to contact me on roddersholgado@gmail.com.

Rodders Holgado

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ISE Index
30.40
24 Hour Volume
L$0
24 Hour Share Volume
0
Trading Accounts
2,151
Total Deposits
L$3,572,830
Fraud Insurance
L$50,000

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