Paranormal Review

The Joint Liquidators have now approved this brief statement:

As a result of discussions between the parties involved and following legal advice, it has been determined that the disputed assets referred to in the November 17, 2010, joint statement belong to Psychic Press (1995) Ltd, now in liquidation.

Roy Stemman adds:

Seven months after I revealed that the Spiritualists' National Union (SNU) was claiming to own the assets of Psychic News – the weekly Spiritualist newspaper it closed in July last year – I can now disclose that the Union has had to concede that the newspaper's title, archives and other assets are not its possessions.

This revelation is contained in a statement that has just been posted on the News pages of the Spiritual Truth Foundation (STF), of which I am a trustee. The STF, as the previous owner of Psychic News, disputed the SNU's claim and took legal advice which it presented to SNU representatives and the Joint Liquidators in January.

Interesting. Looks like Roy was right all along.

"oh what a tangled web we weave..."

Spirit of PN is carrying the same story tonight. Victory it seems. Well done to all.

http://spiritofpn.wordpress.com/2011/03/22/stop-press-ownership-of-psychic-press-assets-determined/

It's not over 'til.....

No, it is not over yet. Establishing that the SNU did not own the vital assets that they wanted to secretly siphon off from Psychic Press (1995) Ltd is a good first step in striving to rescue Psychic News and its precious archives from an organization that has allowed its executive to act in an underhand and reprehensible manner.

Now, we must hope and pray that in the process of liquidation a worthy new owner may be able to purchase PP (1995) Ltd and at a price that reflects its actual value in monetary terms, not at an amount that the SNU want to relieve them of its debts, much of which was surely incurred subsequent to the SNUs ruthless and incompetant closure of Psychic News.

Given the SNUs actions to date though, I am uncertain that even this legally sound acknowledgement that the SNU does not own the assets will stop the members of the SNU NEC involved in this fiasco from again trying to find yet another underhand way to 'regain' what they so carelessly tried to destroy so that they can use it for their own purposes.