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Hyman anxious to see response of Cash Plus creditors

Published:Monday | December 31, 2007 | 2:11 PM

Financial Analyst, Ralston Hyman, is advising investors not to make any further deposits into the Cash Plus alternative investment scheme.



Last Friday, the Financial Services Commission (FSC), issued a cease and desist order on Cash Plus. The company is no longer able to transact its financial business until it is licenced and registered with the FSC.



Mr. Hyman said he is anxious to see the response of creditors to the request by Cash Plus to rollover their interest payments for the next three months.



Yesterday, Cash Plus Limited placed an advertisement in the press asking its clients not to withdraw their investments.



The company indicated that the three month rollover would allow the Cash Plus group to restructure.



Mr. Hyman said he hopes the Cash Plus case will serve as a model for other alternative investment schemes.