Questions for Hall Chadwick
1) how did you become to be introduced to Equititrust? Is it not a fact that a paid consultant of Equititrust, also a former client, who lost the company millions and whom you acted for in a Deed of Arrangement did introduce you to this project?
2) is it not a fact that you did consult with this person together with the current directors in their preparation of the proposal put forward by joint Equititrust director Hickie and his VAX Lion advantage entity? HOW is this not a conflict of interest?
3) does the issues raised in points 1and2 constitute a conflict of interest?
4) why have you not insisted on the directors providing their personal financial statements? Why have you not done so before calling the creditors meeting?
5) have you commenced the appropriate legal proceedings that would compell HICKIE, HONEYMAN AND MCIVOR to do so.
6) STATE FOR THE RECORD YOUR VIEWS ON HICKIE BEING ON BOTH BOARDS, that of the current RE and that of the proposed alternative RE, is it a conflict of interest?
7) how can you be seen to be independent when you can't even press these directors to comply with their legal obligations now? How can the unit holders be expected to trust that you, Mcivors paid VA, and weapon of choice would in fact turn on your masters and proceed against them to the fullest extent of the law? is it not a fact they chose you as the soft option in anticipation of a pass. SAY IT ISN'T SO!!
You are required to respond to these questions if not now THEN CERTAINLY AT THE MEETING ON FRIDAY WHERE YOUR ANSWERS WILL BE MINUTED.
You won't be taking control of this meeting, and you certainly won't be shutting down the floor like last time... Plenty of us have lawyers with us this time. I would seriously think your resignation is not that far away,,,I'm sure ASIC will be looking closely at every ones role here.
One last thing,,,,, what's the real game here? To help the disadvantaged and beleaguered unit holders, or to get control of the assets and strip them out....ASIC put BDO in there to do the first proposal and to date a great job has been done. Where does Hall Chadwick and the Hickie/Mcivor team figure here?