Fellow Investors:

Your response to our proposal has been extremely gratifying.  At the same time it is clear to us that some of you have questions that we have not dealt with adequately.  Since the amount of mail has been enormous, and we do not have sufficient staff to answer all questions individually, we will try in this message to answer those questions that appear to be of most concern to you.

First of all, we must admit that not all of the mail has been positive. In a handful of cases the questions have been openly confrontational and challenge us to defend our position.  That’s to be expected, but we do not have the time for that.  We are more interested in the clarity of our proposal than in convincing the naysayers of the integrity of LEV – who has nothing to do with our plan.

1. Please do not confuse any monetary indemnification from the government with recovery of your investment with Enrique.  What we are seeking is damages and retribution from the State based upon our belief that were it not for the inept and illegal acts of the prosecutor and others we would still have access to our money.  For recovery of our investments we still have to rely on LEV and his promise to pay us when he is able to regain control of the money he has in foreign bank accounts. You either trust LEV to keep his word, or you do not.  You either believe our proposal has merit, or you do not.  Whatever the outcome of our suit, the obligations of LEV remain the same.

It bears repeating that we do not guarantee a successful conclusion, and we cannot at this time quantify the amount of any award that might be received collectively or individually.  Our lawyer is now at work preparing the lawsuit for submission.   As the work goes forward we will have more to tell you about facts and figures.  We anticipate completion of this stage in about 30 days.

2.  We recognize the difficulties some of you may encounter in fulfilling the requirements for participation.   You may wish to join but have trouble meeting our deadline – which was set in order to hasten the process.  Because of the heavy demand for postal services at this time of year, we will accept your documentation that is postmarked on or before January 31, 2010.

3.   If you cannot provide copies of your “guarantee” checks, pagarés (IOU’s) or other proof of investment, you should explain to us the circumstances, and we will see if our lawyer can use your information to qualify you for inclusion in the lawsuit.

4. Our preferred method of payment (by check to our account) is problematic for some of you - and for us as well.  Some of you do not have a checking account , and some live in a country whose bank checks are not accepted for deposit here.  Many of you have recommended the use of PayPal.  We have looked into this and have learned that in Costa Rica money can be sent abroad using PayPal, but PayPal cannot be used to bring money into the country.  Don’t ask us why.

One solution might be a cashier’s check sent by surface mail.  We do not recommend Priority Mail as a means of getting your information to us more securely or faster.  Postmarks indicate that documents sent using Priority Mail take as long – or longer – to reach us. 

Wire transfers are an expensive way to send the money, though some have chosen this method.  We have also received payments made by enclosing bank notes (cash) among the documents in the same envelope.   This has worked well for those who have selected that method.

5.  Some of you represent a group of investors.  In that case each investment will require a separate application – including the price of admission.  In the event that there is joint ownership of an account, that account would be treated as a single investment.

6.  Because of oversight on our part, a vital document was omitted from the list of papers we asked you to provide.  That is the assignment of power of attorney that permits Lic. Romero to represent you in all legal matters pertaining to the lawsuit.   You will soon receive a form letter to be printed out, signed, and mailed to us to complete your registration.  The document you will need to sign will be in Spanish to satisfy legal requirements.  Sorry about that.

7. Finally, we are still receiving numerous inquiries seeking an opinion about the validity of the “VB Recovery” plan.  Our website contains several messages dealing with that topic, and they go back as far as September of last year.  We need to emphasize that we know nothing more than we did then, and we have no desire to offer opinions about something of which we have so little knowledge.  We can only tell you that JMV is a very competent attorney, and if you are receiving phone calls at all hours from someone in Florida, you can be assured that the call is not from us. 

Thanks for your attention.

Grupo UCCR
www.ticostuff.com/uccr
uccr@ticostuff.com

Saturday, 09. January 2010