New Financial Target – Progress Funding
Following our last email action alert against the Fortress Investment Group,
we are delighted to announce that they are now de-investing in HLS, and
have cancelled future financial commitments. Whilst the full ramifications
of this have yet to be seen, this is a massive blow for HLS. We are now
focusing on the other branch of their 2006 loan.
This loan was given by two companies - the first loan of $30m was provided
through front companies by Fortress. Of course we tracked them down and
they have now deinvested. The second loan comes from Progress Funding, part
New York based realtor company.
We are calling on them to cut all ties with Huntingdon Life Sciences and
call in the loan with immediate effect.
For more information about Huntingdon's financials please visit
I am writing to you in relation to a $40 million loan that has been made
to Huntingdon Life Sciences (HLS) by Progress Funding. Without this loan
HLS could not remain open and therefore progress are in large part responsible
for the cruel and violent actions going on inside HLS.
HLS have a long history of violence; they were most famously exposed in
1997 when channel 4 TV filmed workers punching beagle puppies in the face.
In 2005 ex workers spoke out about cruelty they had witnessed and in 2008
Animal Defenders International went undercover inside HLS exposing cruel
primate experiments and disgusting conditions. HLS also have a track record
of law breaking and manipulation of data. During just one primate study,
HLS broke the law 526 times; and workers have been caught taking drugs and
drinking on site.
HLS' financials are in a dire state, and there is a high risk that HLS would
fail to make its loan repayments to you, you may already be aware that they
have failed to meet loan commitments during 2009. This is due to a significant
loss in custom and terrible share price, on top of this many of their shareholders
are filing class action lawsuits against HLS after HLS' board of directors
accepted CEO Andrew Baker's offer to buy out the failing company for a very
low price of $8.50 a share.
Please don't just take my word for it, if you want to see the state HLS
are in please read the Plymouth Report which HLS recently filed with the
I am urging you to explore all get out clauses in this loan and reel it
in. I also urge you to raise these issues with everyone you can within the
company and do everything in your power to halt your support of Huntingdon
Life Sciences. Please raise this issue at any meetings you attend, and let
all your colleagues know about HLS.
For further information, please visit: www.shac.net
Mostafisur Rahman Prince (owner)
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For general information on the campaign to close Huntingdon Life Science,
please visit our website www.shac.net