Equititrust?

[Olman]

Re: Kostag - investor or failed borrower?

you are a lawyer OLMAN.

You were asked what your relationship to EQUITITRUST was/is?

You answered by questioning me, which is fine.

My questions remain my questions.

Fact is - whether I am a BORROWER, a disgruntled INVESTOR, an associate of EITHER, really does not change the VALIDITY of the questions does it?

(Look what happended when some one raised some character called Dudley Quinlivin which it is alleged owes Equititurst some $50million or almost 25% of its entire asset base - we get two posts (one yours) about doctor sister vet dog smoking gun grassy knoll - what the hell? which we must therefore read simply as 'yes, Quinlivin is a current Equititrust borrower' (and we would bet must be in massive default)

However, if you are, as we are led to believe, a genuine happy well informed INVESTOR then your posted replies have some modicum of legitimacy. I suspect not.

Now, BUFFETMAN OZAD and others all claimed to also be happy, well informed INVESTORS etc and we all drew some comfort from that. But, guess what? They weren't at all, were they?

Now, we all give you the benefit of the doubt.

Fine, the real issue is not who you are? (which you wont disclose anyway- and that's your right I guess) or who I am. What if I am an unhappy client who is being sued by you. That would explain my vitriol, however would it change the content of the questions? It might just give me some insight into what is really perhaps going on and being hidden, and surely, this assists all people be they investors or members of the public about to tip money into Equititrust. On the other hand, if I am an investor, does it make my questions more or less relevant or poignant? Probably not. At best, it lets you say, these pesky questions are coming from upset clients? or failed developers? So what. Why dont you list the last employer of half the motley crew at Landsolve, and see what that list throws up. A list of failled lenders and property industry 'characters'. So don't scratch the veneer too hard.

One of many issues that is very relevant is that there are material false (sorry, false is maybe too strong) misleading disclosures which have been identified. Legitimate questions have therefore been asked by a range of the public - be they ASIC, Media, Investors and or Borrowers (who cares who they are). Everyone is attacked by Equititrust (and you, Ozad, Buffetman etc) - no answers though. Nothing changes.

Whilst EQUITITRUST continues to play with over $200Million of public money and adopt this bunker mentality to providing proper information irrespective of who raises the question, whatever their motive, whether Equititrust likes it or not, it is they who are open and will remain open to public scrutiny.

Not me my friend.

.

Again, you have not read the posts correctly. I replied to your question about whether I am an investor by making a statement that I have replied to your charge many times in this thread, and that you should go back and read my replies again - nothing has changed. Your question has been answered. My response was not a "question in reply to a question", but a statement which replied directly to your question.

Then I asked you about your bona-fides. You still avoid the question and have not answered directly. We know that anyone can post here, investor or not. However, you have inferred that you have an investment, without actually coming clean about your true position. You have made countless unsubstantiated allegations which fail the least investigation, and it is patently obvious that you have an axe to grind specifically against Equititrust.

Most people would come to this thread seeking some understanding about what is happening with Equititrust. The constant irrelevant untruths that have been posted here are distracting, until the reader grasps the worthlessness of much of the tactics and begins to skim the manure. If you are/were in fact a failed developer/borrower, it would put your posts in a proper perspective and your motives, as low and mean as they appear to be, would at least be understandable. Your refusal to declare your interest is deceitful, and your posing as an investor by inference is despicable.

To be taken seriously, one has to demonstrate integrity, rather than duplicity.

By the way, it was OZAB, not "OZAD". If we can manage to get the little things right, the big things will naturally fall into place.

 

[Joe Blow]

It is not my intention to jump into this thread on a regular basis, but recent events have made it impossible not to. I would like to make a few very important points:

1. It is policy here at ASF to reveal when we detect multiple accounts operating from the same PC posting in any thread, irrespective of what side of the debate they are on. I have no interest in taking sides in this (or any other) debate, I just want to do my best to ensure that it is conducted in an honest and constructive way.
2. Please do not use oversized fonts and different colours in posts in this thread. If you wish to emphasize something please use bold or italicized text. From this point on posts using oversized fonts or different colours will be removed.
3. Please proofread your posts and be careful when using the

tags when quoting other thread participants. Those who do not understand how these tags are used should review this thread: https://www.aussiestockforums.com/forums/showthread.php?t=2737

I do not wish to see this thread degenerate into personal attacks and insults. I encourage constructive debate and discussion but will come down hard on anyone whose sole purpose is to abuse or taunt others.

Thank you all for your co-operation.

 

[kostag]

Re: Kostag - investor or failed borrower?

just more spin....... I think that we can all elminate OLMAN from our 'reading' list and wait with baited breath for the answers to the six questions....

Again, you have not read the posts correctly. I replied to your question about whether I am an investor by making a statement that I have replied to your charge many times in this thread, and that you should go back and read my replies again - nothing has changed. Your question has been answered. My response was not a "question in reply to a question", but a statement which replied directly to your question.

Then I asked you about your bona-fides. You still avoid the question and have not answered directly. We know that anyone can post here, investor or not. However, you have inferred that you have an investment, without actually coming clean about your true position. You have made countless unsubstantiated allegations which fail the least investigation, and it is patently obvious that you have an axe to grind specifically against Equititrust.

Most people would come to this thread seeking some understanding about what is happening with Equititrust. The constant irrelevant untruths that have been posted here are distracting, until the reader grasps the worthlessness of much of the tactics and begins to skim the manure. If you are/were in fact a failed developer/borrower, it would put your posts in a proper perspective and your motives, as low and mean as they appear to be, would at least be understandable. Your refusal to declare your interest is deceitful, and your posing as an investor by inference is despicable.

To be taken seriously, one has to demonstrate integrity, rather than duplicity.

By the way, it was OZAB, not "OZAD". If we can manage to get the little things right, the big things will naturally fall into place.

 

[kostag]

Re: Equititrust: is any out there ?

Q1: Why did Equititrust borrow and therein grant FIRST RANKING security (ahead of our interests, ie: investors) to National Bank, Commonwealth Bank and Bank of Scotland, over $150MILLION pushing all investors into second ranking security, at one stage behind a mountain of debt exceeding $150Million, and , as at today, still some $50Million in default loans to Banks?

Q2: Acceptiing that 'gearing' the loan book and allowing it to grow and make more interest margin and fees etc for Equititrust,was a profitable move for McIvor, how was such a policy in any way in the interests of investors, who simply stood to get the same agreed interest on their investments, such investments were meant to be secured against prime mortagge securities, over which 'we' held first mortgage?

Q3: When the Banks asked for their money back (which despite Equititrust rants, they were entitled to do), why did Equititrust de-nude cash reserves by fully paying out the Commonwealth Bank and substantially paying down the National Bank? How did this policy help investors or put their interests first and foremost? I accept that it ensured the survival of Equititrust for the benefit of Equititrust shareholders and managament, yet how did it assist investors interests?

Q4: We hear much about Equititrust's sub-ordination investment of $40million and how we should draw some obscure comfort from it. ( I say obscure because it hasn't helped many of us get paid back after 2 years) Did McIvor or Equititrust ever actually invest by way of advancing and investing $40Million of real money? I mean 'real money' in the same way as investors advanced their real money, or was the investment some paper 'journal entry' accounting, in the same vein as Allco, MFS.

Q5: Equititrust pays itself a very high interest rate (I recall something in the order of 24% (3 times what we get) ) on its own 'investment' (assuming that as per Q4: it is an actual investment) and a very large amount (I dont recall the exact amount) of managment fees. I think a total of about $15Million a year. With in excess of $40Million of investors having to plead hardship to get some repayment of their own capital (and still not getting it!), how does the payment of $15million from one's left hand to one's right hand, when investors are 'begging' for their money to be paid back, possibly align with McIvor's comment :- our interests ahead of investors. I can assure each and every investor that this is not the case. Every decision we make puts the interests of investors first.

Q6: How did the recent PDS (banned by ASIC and had to be withdrawn) which sought to raise $50Million of new money (when there is over $40M of old investors that can't be paid back right now , for last 2 years) , which as we now all understand was to repay the National Bank, and plonk some new (presumably higher rate lender) into first ranking security position ahead of all existing and legitimate investors, possibly benefit existing investors and align with McIvor comment about investor's interests being considered first and foremos

 

[kostag]

Re: Equititrust: Number 2: is any one out there

these questions posted since 17-2-11:-

Q1: Operational cash for 3 months was predicted on the basis that Equititrust managed to grab $50M of new money. Yes or No?

Q2: On the basis that they have had that money grab attempt frozen by ASIC, what operational cash is left and how long will it last?

Q3: If A2: was modelled on the basis that the NAB was repaid out of the $50M 'trousering' by the EQUITITRUST boys - then is the 3 months of NAB payments of $3M per month covered or not covered from existing cash NOT reliant on the $50M grab?

Q4: I presume that the '3 month' estimate was made as at say 1-1-11 (it was reported in financial press in early January 2011) - does this mean, there is now less than 6 weeks operational cash to go (as at 17-2-11)?

Q5: National Bank: were they paid $3M in January and $3M for February 2011? or do they too have to make an application through ASIC under 'hardship relief' provisions to get repaid? I guess they aren't kept waiting, as they hold the secuirty that we are all meant to hold. In other words, is Equititrust now in breach of loan covenants to National Bank?

Q6: In terms of cash grab, Landsolve is still out there trying to grab $10M for the Meridien Marina group. Of the amoutn raised, a big chunk is slated to go the existing senior provider. Is that senior debt provider any entity related to Equititrust? In other words and simply, is Equititrust loading up another of 'our security assets' to grab some extra cash?

Q7: Does the Quinlivin Group or any entity associated with Dudley Quinlivin owe Equititrust an amount circa $50million?

Q8: Did Equititrust take a complete write off of loan principal in the recent published (SMH: front page Sat 19-2-11) sale of house at Anglo Road Woolwich NSW owned by Hakem family to O'Beid family?

 

[No Trust]

Equititrust Deception Caught Out

It is clear from my previous question directed at him that, Olman does not want to comment on the fact that Equititrust had Multiple accounts and was attempting to deceive readers of this forum... This speaks volumes in itself particularly the fact that Equititrust referred to him directly in their post this week.

What I do encourage investors to do, is to call Equititrust and ask if there were loans made to Dudley Quinlivan and whether any investor's money has exposure to him or his companies..

The sad fact is that, as each day goes by, the news about Equititrust keeps getting worse for investors. The claims that money was recovered from Raptis with interest is misleading. The Raptis assets had intrinsic value in terms of their location and were recovered via a receiver appointed by the Bank of Scotland.

The reason that 80% of the loans will now go into default is due to the fact that if the remaining loans and assets that supported them were prime, they would have been recovered. The remaining loans are subprime and if made to the likes of Quinlivan may have as many layers as an onion and be very difficult to recover without incurring major losses similar to what Kostag has alluded to in Sydney.

The issue at hand is the fact that if Equititrust appoint receivers to these assets in the same manner that Bank of Scotland did with Raptis then these assets will be sold at today’s values and today's valuations. Equititrust does not want to do this for a few reasons,

firstly if they do appoint receivers to do the job an independent approach will be taken and the assets will be valued at today’s market prices.

Secondly if the loans are not fully recovered this will add to the growing perception problem Equititrust already has with investors, the media and its clients. LANDSOLVE has not solved anything.. The appointment of a receiver does..

Thirdly as there are no inflows due to ASIC intervention, the lifeblood of the company has stopped, a sell down of the assets equals a diminishing loan book which means that investors will start to get their money back and the fee base that Equititrust charges will diminish, as was the case with City Pacific just prior to their collapse. The only thing sustaining City Pacific in the end was the fees and after they were removed as the Responsible Entity they collapsed.

What we have developing in the case of Equititrust is a perfect storm which has hit the Gold Coast before.. The sad thing is, investors are caught in its vortex

 

[zencorp]

Olman - Answer these questions:

1. Do you believe that Equititrust is trustworthy given that they have been posting on this forum as investors?

2. Do you find it comforting that Equititrust has now lied both to you and everyone else reading this forum?

3. Can you honestly say that you trust what David K. has told you when he lies to the world about who he is - makes out that he is an investor and involves himself in misleading and deceptive conduct.

4. His intention was to mislead and deceive us - do you disagree?

 

[Olman]

Olman - Answer these questions:

1. Do you believe that Equititrust is trustworthy given that they have been posting on this forum as investors?

2. Do you find it comforting that Equititrust has now lied both to you and everyone else reading this forum?

3. Can you honestly say that you trust what David K. has told you when he lies to the world about who he is - makes out that he is an investor and involves himself in misleading and deceptive conduct.

4. His intention was to mislead and deceive us - do you disagree?

The use of multiple accounts was a terrible error of judgement and I am disappointed by the occurrence. However, after reading the three posts from Ozab, there was nothing misleading or of any earth-shattering importance involved, with the last two being simply flippant remarks, and all three had their relevance in the context in which they were made. Nowhere did he claim to be speaking as an investor.

As pointed out by Joe Blow, "Whether or not all these accounts are being operated by the same person is something I cannot be absolutely certain of.There is no conclusive proof that it was the same person".

I see no reason to throw the baby out with the bathwater. The information provided by Equititrust in a formal capacity has been factual and comprehensive to date. Nothing has been said to alter the facts.

What about the constant barrage of unsubstantiated claims presented by the posters here? Are they of no concern to you? There's a strange odour of hypocrisy in the air....

 

[Bill M]

Re: Kostag - investor or failed borrower?

Most people would come to this thread seeking some understanding about what is happening with Equititrust. The constant irrelevant untruths that have been posted here are distracting, until the reader grasps the worthlessness of much of the tactics and begins to skim the manure.

Most new investors would come to this thread as part of research for a new investment. The fact that all of this is being debated is enough to put a new investor off, I certainly wouldn't put any money with them after reading it. A simple google search puts this thread in the top few results.

 

[kostag]

Re: Equititrust

With respect to poor 'ol man - anyone who reads his posts would have to form the view that he simply could not be an investor in Equititrust.

To assist, I summarised in two posts (on previous page) a number of QUESTIONS reasonably based, that are simply ignored.

However, in his view, Equititrust have been factual and comprehensive to date... I think on that point, enough said.

The use of multiple accounts was a OR JUST OUTRIGHT DECEPTIVE terrible error of judgement and I am disappointed by the occurrence. However, after reading the three posts from Ozab, NO, NOT MISLEADING, JUST WRITTEN BY EQUITITRUST there was nothing misleading or of any earth-shattering importance involved, with the last two being simply flippant remarks, and all three had their relevance in the context in which they were made. Nowhere did he claim to be speaking as an investor.

As pointed out by Joe Blow, "Whether or not all these accounts are being operated by the same person is something I cannot be absolutely certain of. NOW YOU ARE SUGGESTING, WHAT A BREAK IN AT EQUITITRUST? BY FAILED DEVELOPERS OR THOSE PESKY MEDIA? There is no conclusive proof that it was the same person".

I see no reason to throw the baby out with the bathwater. The information provided by Equititrust in a WELL, IN LIGHT OF ALL THAT HAS GONE BEFORE - ASIC FORCING WITHDRAWAL OF PUBLISHED MATERIAL, MEDIA EXPOSES AND SERIES OF SIMPLE STRAIGHT FORWARD QUESTIONS SIMPLY IGNORED - THIS COMMENT BEGGARS BELIEF..... formal capacity has been factual and comprehensive to date. Nothing has been said to alter the facts.

What about the constant barrage of NOT CLAIMS - SIMPLY UNANSWERED QUESTIONS...... unsubstantiated claims presented by the posters here? Are they of no concern to you? THERE'S AN ODOUR IN THE AIR ALRIGHT...... There's a strange odour of hypocrisy in the air....

Never to miss a chance though and not making any claims at all , just asking questions.... OLMAN , please pop across to the next office to whoever is on the EQUITITRUST/BUFFETMAN/OZAD PC and ask him to have a crack at answering these QUESTIONS for us all....

these questions posted since 17-2-11:-

Q1: Operational cash for 3 months was predicted on the basis that Equititrust managed to grab $50M of new money. Yes or No?

Q2: On the basis that they have had that money grab attempt frozen by ASIC, what operational cash is left and how long will it last?

Q3: If A2: was modelled on the basis that the NAB was repaid out of the $50M 'trousering' by the EQUITITRUST boys - then is the 3 months of NAB payments of $3M per month covered or not covered from existing cash NOT reliant on the $50M grab?

Q4: I presume that the '3 month' estimate was made as at say 1-1-11 (it was reported in financial press in early January 2011) - does this mean, there is now less than 6 weeks operational cash to go (as at 17-2-11)?

Q5: National Bank: were they paid $3M in January and $3M for February 2011? or do they too have to make an application through ASIC under 'hardship relief' provisions to get repaid? I guess they aren't kept waiting, as they hold the secuirty that we are all meant to hold. In other words, is Equititrust now in breach of loan covenants to National Bank?

Q6: In terms of cash grab, Landsolve is still out there trying to grab $10M for the Meridien Marina group. Of the amoutn raised, a big chunk is slated to go the existing senior provider. Is that senior debt provider any entity related to Equititrust? In other words and simply, is Equititrust loading up another of 'our security assets' to grab some extra cash?

Q7: Does the Quinlivin Group or any entity associated with Dudley Quinlivin owe Equititrust an amount circa $50million?

Q8: Did Equititrust take a complete write off of loan principal in the recent published (SMH: front page Sat 19-2-11) sale of house at Anglo Road Woolwich NSW owned by Hakem family to O'Beid family? Today 02:08 PMkostag

The second lot from the 14-2-11:-

Q1: Why did Equititrust borrow and therein grant FIRST RANKING security (ahead of our interests, ie: investors) to National Bank, Commonwealth Bank and Bank of Scotland, over $150MILLION pushing all investors into second ranking security, at one stage behind a mountain of debt exceeding $150Million, and , as at today, still some $50Million in default loans to Banks?

Q2: Acceptiing that 'gearing' the loan book and allowing it to grow and make more interest margin and fees etc for Equititrust,was a profitable move for McIvor, how was such a policy in any way in the interests of investors, who simply stood to get the same agreed interest on their investments, such investments were meant to be secured against prime mortagge securities, over which 'we' held first mortgage?

Q3: When the Banks asked for their money back (which despite Equititrust rants, they were entitled to do), why did Equititrust de-nude cash reserves by fully paying out the Commonwealth Bank and substantially paying down the National Bank? How did this policy help investors or put their interests first and foremost? I accept that it ensured the survival of Equititrust for the benefit of Equititrust shareholders and managament, yet how did it assist investors interests?

Q4: We hear much about Equititrust's sub-ordination investment of $40million and how we should draw some obscure comfort from it. ( I say obscure because it hasn't helped many of us get paid back after 2 years) Did McIvor or Equititrust ever actually invest by way of advancing and investing $40Million of real money? I mean 'real money' in the same way as investors advanced their real money, or was the investment some paper 'journal entry' accounting, in the same vein as Allco, MFS.

Q5: Equititrust pays itself a very high interest rate (I recall something in the order of 24% (3 times what we get) ) on its own 'investment' (assuming that as per Q4: it is an actual investment) and a very large amount (I dont recall the exact amount) of managment fees. I think a total of about $15Million a year. With in excess of $40Million of investors having to plead hardship to get some repayment of their own capital (and still not getting it!), how does the payment of $15million from one's left hand to one's right hand, when investors are 'begging' for their money to be paid back, possibly align with McIvor's comment :- our interests ahead of investors. I can assure each and every investor that this is not the case. Every decision we make puts the interests of investors first.

Q6: How did the recent PDS (banned by ASIC and had to be withdrawn) which sought to raise $50Million of new money (when there is over $40M of old investors that can't be paid back right now , for last 2 years) , which as we now all understand was to repay the National Bank, and plonk some new (presumably higher rate lender) into first ranking security position ahead of all existing and legitimate investors, possibly benefit existing investors and align with McIvor comment about investor's interests being considered first and foremost.

IN SOME formal capacity WOULDN'T A factual and comprehensive SERIES OF REPLIES BE REFRESHING?

 

[Olman]

Re: Kostag - investor or failed borrower?

Most new investors would come to this thread as part of research for a new investment. The fact that all of this is being debated is enough to put a new investor off, I certainly wouldn't put any money with them after reading it. A simple google search puts this thread in the top few results.

The high Google profile is a tactic of repetitious mass postings employed by the failed developer's brigade, and is regrettable.

My original post was from the point of view of existing investors.

 

[No Trust]

Deceptive Conduct by Equititrust

There is no excuse for Equititrust's attempts to deceive on this Web Site. There is a code of conduct for companies holding a Financial Services License.

 

[katie534]

I agree Olman. That is how I came to find the thread. I have told the moderator my name and occupation. Kostag would never believe it anyhow!
Life can be challenging and no serious investor who wanted to an entity to have a chance to fight its way out of trouble would go to this much vitriolic public trouble.
Any sensible person would have seen problems coming anyhow.
Whatever happens in life happens. Sometimes things get out of your control and you lose money and possibly, your life.
Wise people choose where to fight and aim to win. This is, unfortunately, not a win-win situation. No amount of answers, arguments, etc can have any effect right now. They either survive or go under. And if Kostag has his way, they will go under sooner rather than later.
Some people affected by all this drama might be seen to be suffering severe anxiety and depression. Perhaps they should look to medical help for some of their problems before it all gets too much. Life is very short and each breath is a gift. Why waste it worrying about things you cannot control. I am sure that this is a distressing situation but it is out of some people's control. Live with it and get help.

 

[Garpal Gumnut]

I am quite sure that ASIC are monitoring this thread.

Go for it.

I should not need to point out that in any criminal matter if directors or entities associated with a company are making misleading statements in any medium, they can be prosecuted.

Not that I am implying any criminality in any posts, or by any posters on this thread.

Fair comment is good.

gg

 

[kostag]

Re: Equititrust: ASIC

welcome GG- you are 100% correct - and I suspect that the questions that I have raised will be high on theirs and the National Bank's lists of questions for Equititrust.

A number of parties have fought against lies and deceit by false POSTERS to get the proper information and questions out there. Sadly, at the end of the day, Equititrust has not been up to the test.

We all look to the corporate wtachdog to now do its stuff and sort this mess out.

I am quite sure that ASIC are monitoring this thread.

Go for it.

I should not need to point out that in any criminal matter if directors or entities associated with a company are making misleading statements in any medium, they can be prosecuted.

Not that I am implying any criminality in any posts, or by any posters on this thread.

Fair comment is good.

gg

 

[zencorp]

Olman - see bellow. Equititrust (David Kennedy) posted as Buffettman saying that he was an investor - then throughout the thread Buffettman supported Equititrust heavily. This is misleading and deceptive conduct in its most basic form. Their AFSL should be revoked. Without offence, maybe you should actually read his posts before commenting?

Kostag,

Mate I think you might be confused. I rang Equitytrust today and spoke to their investor guy (I think it was Ron or something) and he told me that they have no tourism business nor are they listed. He also said they owe no money to Royal Bank of Scotland.

Are you confusing them with someone else? He also said that the owner of the business has invested about $70m of his own money in the funds and that he has voluntarily subrogated it such that other investors get paid before him (for interest and capital).

Would be most interested in your views on this as I also have a fair bit invested with them and am very happy with them to date - interest always paid in full and on time.

 

[Garpal Gumnut]

As the administrator of ASF I feel it is my obligation to point out to those reading this thread that the user names Equititrust Ltd, Buffettman and Ozab have all been logged into from the same PC. I am aware of this because we employ sophisticated measures to detect those operating multiple accounts.

Whether or not all these accounts are being operated by the same person is something I cannot be absolutely certain of.

The accounts Equititrust Ltd and Buffettman were previously suspended for violating the ASF Terms of Use and now the account Ozab has likewise been suspended.

I suggest that all those participating in this thread take a moment to review this thread: https://www.aussiestockforums.com/forums/showthread.php?t=6397

I would also ask all thread participants to not resort to personal attacks but to stick to discussing the facts of the situation.

I am quite sure that ASIC are monitoring this thread.

Go for it.

I should not need to point out that in any criminal matter if directors or entities associated with a company are making misleading statements in any medium, they can be prosecuted.

Not that I am implying any criminality in any posts, or by any posters on this thread.

Fair comment is good.

gg

welcome GG- you are 100% correct - and I suspect that the questions that I have raised will be high on theirs and the National Bank's lists of questions for Equititrust.

A number of parties have fought against lies and deceit by false POSTERS to get the proper information and questions out there. Sadly, at the end of the day, Equititrust has not been up to the test.

We all look to the corporate wtachdog to now do its stuff and sort this mess out.

Olman - see bellow. Equititrust (David Kennedy) posted as Buffettman saying that he was an investor - then throughout the thread Buffettman supported Equititrust heavily. This is misleading and deceptive conduct in its most basic form. Their AFSL should be revoked. Without offence, maybe you should actually read his posts before commenting?

Should all this be true, and I am not alleging it is, I have never seen such bravery in all my years on ASF.

The Arnage needs a good run down the Bruce and Pacific Highways.

( Note to ASIC ) The address is the Ross Island Hotel, Townsville for any subpoenas.

The reason a mouse is called a mouse is that it leaves droppings all the way back from where the mouse is clicking.

Also the rate of intestinal movements, or typing style, rate and cadence, can actually be identified to ascertain whether it is from the same colon, or different ones.

And a subpoena is just a subpoena, always has and always will be.

But a subpoena is quite frightening, unlike a mouse.

gg

 

[No Trust]

Equititrust Deception Caught Out

All posts under the Equititrust Banner were signed off from David Kennedy except for the last post, so if the other two deceptive posts were from the same PC then it looks like the culprit is the one who sits at this computer.

As CEO of Equititrust David Kennedy has serious obligations’, in part being the custodian of retirees money. For the company to engage in this type of conduct and pose as someone else over the internet is outrageous and totally out of the bounds of what investors would expect from the company as well as its CEO..

Trying to hijack a forum under false pretences is indicative of a company fighting for its life..

As CEO he is also answerable to the regulator in terms of the information that is put into the public domain on behalf of the company. This conduct is a serious breach of the law, no matter how innocuous olman etc want to make it.

It is against the law to pose as someone else on the internet .


What is the Chairman of Equititrust saying about this, surely he does not want his name sullied by this behaviour..

 

[kostag]

Re: Equititrust: QUINLIVIN $50M ???

Good point NOTRUST, where is Chairman JOHN GODDARD when you'd expect a chairman to step up to the plate and take appropriate action.

Second question: which in all this 'purple' haze' just keeps getting swept under the mat, OLMAN: does EQUITITRUST have an exposure circa $50Million to a Dudley Quinlivin or companies associated with him on real estate projects in the IPSWICH region?

A number of people have raised this on this website. So it is not a vindictive statement, just a simple question.

 

[No Trust]

Does Equititrust Have Exposure To Quinlivan?

In terms of categorising the assets and potential loan book realisations, a Borrower Profile report should be provided to the investor’s and stakeholders.

If Quinlivan or his companies form a component of the delinquent loans then it should be disclosed given the current situation facing Quinlivan and his companies.

A contact in Queensland has stated that Quinlivan and or his companies at some stage in the past, leased space in the Equititrust Building on Chevron Island.

If this is the case, it seems the relationship may have existed for some time.


If there are loans supporting Quinlivan developments, it would be interesting to see who the properties were marketed to and whether the old 2 tiered marketing scam was perpetrated again on unsuspecting investors.


Further inquiries are currently being made to confirm this. Others on this thread may be able to shed further light on the past relationship if any.

It is important, as it begins to show a pattern of lending practices which may have led to the current crisis..