Dear Investors:

We appreciate your patience throughout the BIC receivership process and want to assure you that we continue to work towards a successful resolution with the investors’ best interests in mind.  As discussed with most of you, we have prepared a deed transfer package to begin the next stage in our efforts to provide recovery to investors. Below is a letter from the Receiver regarding this process and the relevant documents that need to be completed, signed and returned to our office.  Please read the letter and other instructions carefully, but of course if you have any questions, please contact the Receiver’s office directly.  We appreciate your immediate attention to this matter.  Thank you.

 SEC v. BIC – Letter from Receiver and Grant Deed Transfer Package (incl. Release Agmt)