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Equititrust?

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Mark's World comes crumbling down

It looks like the banks are not putting up with any of McIvor's crap and are going for the jugular as they should...

Why isn't the liquidator doing the same and issuing proceedings against him and wifey... Time to resign "All Barren" no report and no action...

Don't underestimate investors and this thread, it has brought down bigger fish than the liquidator for doing the wrong thing or in this case absolutely nothing...
 
WITH THE RE-LISTING OF HICKIE'S OPERATION ON NSX...

dont rule out a chnage of RE any tick of the clock.....

that will test David Whyte's mettle.
 
Delusional

Tricky Hickie must be delusional if he thinks that will fly... Maybe he is aiming to target LM instead... :)
 

Zencorp, unless I read the court summary incorrectly, it appeared Westpact and Stacey McIvor are all from the same side (as the "applicants") and represented by the same law firms.
 
Quick searched on ASIC record indicated SBMC Pty Ltd as a company registered in Bundall, QLD. Anyone knows what is this SBMC Pty Ltd is, and why Westpac and Stacey is taking court action against this company?
 
SMBC PTY LTD is the TRUSTEE of the Stacey Mcivor Superannuation Fund.

Robert William Hutson and John Richard Park of Kordamentha are Westpac's receivers appointed to MM Holdings Pty Ltd.

What you will probably find is the MM Holdings paid some money to the Superfund as the Superfund (properly structured) is protected under Bankruptcy.

There are several reasons why Stacey may be listed as an applicant. Maybe this could be along similar reasons why MM Holdings is a co applicant with the NAB in an application against Mark Mcivor. OR Westpac (hence Korda Mentha) might have a Power of Attorney over Stacey. OR She may have been the original Trustee of the Superannuation Fund, and hence requires indemnification.

Who knows - all we know is that the Mcivors are not working with the receivers - AND, Kordamentha & Westpac, NAB and their receivers, David White and his Lawyers are all after Mark and Stacey's blood.
 

Zencorp, thank you for your information. This makes sense. Good on them. The more can be claimed from the Mc.Ivor personally, the more funds will be available to the investors from the sales of the assets. For all the investors sake, hopefully this does not mean more bonanza to the liquidators and receiverships to dip their hand into the ever shrinking pool of fund.
 
Tick Tock - This is just the start

This wave of litigation is just the start it takes some months to prepare and brief counsel etc... So expect to see much much more from the various receivers and banks, even "All Barren" has to start if he ever gets off his ass.

The interesting thing about this action is that McIvor used Korda Mentha to pursue borrowers of Equititrust... Me thinks that Hutson may have some background information on the McIvor's that is highly sensitive and controversial but irrefutable...

There is a lot more to this than meets the eye... Did ol' "Marky Boy" give Hutson a bum steer in the past??? Whichever way you look at it Hutson is not holding any prisoners and is going after them.

How many court actions can they sustain???
 
With so many ligitions to fight off, the McIvor must be getting desparate to find legal team that will represent them. These legal teams would require upfront deposits for each case to be held in their trust fund before taking on the case. Now the tide is turning. Their turn to start.....
 
On the ropes

McIvor the Conniver and "Racey Stacey" are definitely on the ropes and the banks and receivers are throwing punches left, right and centre... The word is the punches are connecting and the "big fight"is just around the corner...

Big City Law Firms won't represent them, most of them are on retainer to the banks...

It only a matter of time before bankruptcy proceedings commence against both of them...

The Macbeth's are trying to wash the blood of investor's off their hands to no avail...

The nightmare has just begun and they are slowly starting to realise it now...
 
Re: Delusional

No Trust said:
Tricky Hickie must be delusional if he thinks that will fly... Maybe he is aiming to target LM instead...
Click to expand...

Rumour, rumour around the traps, is it the case that Trilogy's in the LM mix as well?
 
Zencorp, good spotting it seems from the latest reports as of yesterday that there will be more tears to come...

Has someone been a double agent in the midst... "Tinker tailor soldier spy and I thought you were the apple of my eye"...


 
Words

The thing about words and off the cuff remarks is that they can come back to haunt the person spewing out the vitriol...

What was said and when was it said that is causing so much controversy at the moment...

The numerous litigants pursing the dynamic duo are very interested in the information as it circumvents having to put up with delusional defenses and delaying the inevitable...

Its over...
 
Liquidator

Seriously what is the liquidator doing, no information, no action against McIvor in any way...

Call this a shot over the bow, but if "All Bran" plays it fast and loose again and lets McIvor slip through the noose and allows him to not submit a Personal Asset Statement then his resignation and that of his firm will be demanded...

What's the use of a Liquidator if he's a toothless tiger and does not use his claws and teeth to get information required by law ???

All the Bank's receivers NAB, Westpac, BOQ etc are going for the jugular and McIvor is feeling "extreme" pressure on all fronts with multiple court actions underway enforcing guarantees and demanding the return of furniture and art work. Even wifey Stacey's dodgy super fund is now under attack by the banks...

Has "All Bran" and Co given up ? Are they about to resign ? Are they still acting in the role of liquidator ? What is going on ???

Investors deserve to know...
 
Re: Liquidator




Heard from a reliable source that if they have nothing to report, then they are not obliged to submit any reports for us - so it appears that if they are doing NOTHING then that is what we get! NOTHING!
 
LIQUIDATOR

No Trust, unfortunately the Liquidator was appointed by the Directors. Even though they would still be required to operate within the Law or risking to lose their License, my feeling is; they are willing to stretch the Law as much they can as to benefit those who has appointed them in the first place.

For the sake of the ever suffering Investors, I hope David Whyte is doing his job in keeping the pressure on the Liquidator.
 
David Whyte BDO Australia

It seems that David Whyte is the only one doing anything. In terms of stretching the law it seems the Liquidator is doing just that and favouring the interests of his old mate McIvor to the detriment of ordinary investors and creditors... Seriously how hard did "All Bran" push McIvor for his Personal Financial Statement" not that hard it seems...

If "All Bran" does not come up with McIvor's "Personal Financial Statement" very soon he may find himself suspended again. In fact if he is so hopeless at doing the basics of his job then maybe ASIC should take a closer look at how hard he pushed to get the statement off McIvor... " All Bran" doesn't realise how pissed off people are at this ineptitude...

Is the liquidator letting McIvor off the hook???

"All Bran and his firm are losing credibility by the day"...
 
SACK THE LIQUIDATOR

SACK THE LIQUIDATOR

SACK THE LIQUIDATOR
 
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