Equititrust?

What a weird and crazy post by Maglightbright... I'm sorry but I will leave the family disputes to someone else...

Good luck with the forensic examination...

Im Fiduciary

Now back to serious business, don't be surprised that other media outlets pick up on Im Guardian Fiduciary otherwise known in finance circles as Im a Delusional Fiduciary...

This thing is dead on arrival...

Who will be the company spokesman "King Con"

Re: Dog of an investment

Mark, Mark, Mark............come back to your roots mate.......Frogs Hollow, Emu Vale via Killarney, nestled in the bosum of the Main Range. We still love you. Come and help us start our whiskey project. Where your elders ran the Killarney Coop, your peers excel in Southern Downs sport and the quiet pulse of the country beckons. You spent time with Michael Christodoulou and Phil Adams, hanging about on Elysian Fields; you lost your way....come home, reclaim, you prodigal son, all is forgiven. Give up that false Gold Coast lifestyle, come home to stay.

No Trust said:

Not only was Equititrust a dog of an investment, its time to round up the dogs who ran it and put them in the corporate pound...

Niall Coburn is right and clearly exemplifies the dilema facing "innocent" retiree investor's... Look at the liquidator of Equititrust Hall Chadwick. Despite highlighting in their report as then administators that money was paid to entities related to McIvor without invoice prior to the collapse, what have they done to recover the money and or instigate legal action against McIvor.

McIvor is living the high life in a rented mansion on Isle of Capri with a driveway full of luxury cars whilst elderly investors starve and cannot even get a pension as a result of their poisonous investment in Equititrust...

When will McIvor get put into the Public Stocks he advocated for other failed fund managers ???

Click to expand...

Re: Dog of an investment

Ha ha ha ha, wait he has to rebuild his wealth in 3 years as he said in the Gold Coast Bulletin Article...

athyrio said:

Mark, Mark, Mark............come back to your roots mate.......Frogs Hollow, Emu Vale via Killarney, nestled in the bosum of the Main Range. We still love you. Come and help us start our whiskey project. Where your elders ran the Killarney Coop, your peers excel in Southern Downs sport and the quiet pulse of the country beckons. You spent time with Michael Christodoulou and Phil Adams, hanging about on Elysian Fields; you lost your way....come home, reclaim, you prodigal son, all is forgiven. Give up that false Gold Coast lifestyle, come home to stay.

Click to expand...

Bankrupt bid on Mark McIvor

Bankrupt bid on Mark McIvor
Lucy Ardern November 13, 2012
09:48am

A BRISBANE lawyer booted off the board of Equititrust last year is behind a push to have the founder of the Gold Coast funds manager, Mark McIvor, declared a bankrupt.

David Tucker and legal practice partner Richard Cowen lodged a creditor's petition with the Queensland Supreme Court after the parties were unable to agree on payment for legal costs.

Jeff McDermid, who was appointed chairman of Equititrust for a short time after Mr Tucker was removed from the board, yesterday cautioned prospective investors to do their homework before investing in Mi Citizens Union.

"With any new venture, you need to do due diligence carefully," he said.

"I think people need to look very, very closely before getting involved."

McIvor Bankruptcy Proceedings

The matter has been filed in the Federal Magistrates Court

Listed for hearing on the :

28-Nov-2012

9:30am

Creditors Petition

Registrar Baldwin

Court No. 8, Level 6

https://www.comcourts.gov.au/file/Federal/P/BRG927/2012/actions

McIvor Bankruptcy Proceedings

Bring your pop corn, this has been a long time coming, however it seems that Equititrust investors may get some justice after all...

Dont be surprised if other creditors pop up to support the action...

Re: Dog of an investment

No Trust said:

Ha ha ha ha, wait he has to rebuild his wealth in 3 years as he said in the Gold Coast Bulletin Article...

Click to expand...

this is no laughing matter "no trust"..........the Killarney Abattoir closed over 2 years ago and Mark's talent is needed here. What Tinkler has done for Canungra, McIvor can do for Killarney. If you think Mark got his ferals sipping latte on the Gold Coast, think again. We all have roots.

Re: Bankrupt bid on Mark McIvor

Here is the Gold Coast Bulletin link to the breaking story...

http://www.goldcoast.com.au/article/2012/11/13/441686_gold-coast-business.html

No Trust said:

Bankrupt bid on Mark McIvor
Lucy Ardern November 13, 2012
09:48am

A BRISBANE lawyer booted off the board of Equititrust last year is behind a push to have the founder of the Gold Coast funds manager, Mark McIvor, declared a bankrupt.

David Tucker and legal practice partner Richard Cowen lodged a creditor's petition with the Queensland Supreme Court after the parties were unable to agree on payment for legal costs.

Jeff McDermid, who was appointed chairman of Equititrust for a short time after Mr Tucker was removed from the board, yesterday cautioned prospective investors to do their homework before investing in Mi Citizens Union.

"With any new venture, you need to do due diligence carefully," he said.

"I think people need to look very, very closely before getting involved."

Click to expand...

Re: Dog of an investment

Eyes watering again... very very funny indeed, however me thinks that "Marky Boy" will be busy travelling to Brisbane to appear before the Federal Magistrates Court for the Bankrupcty Hearing...

athyrio said:

this is no laughing matter "no trust"..........the Killarney Abattoir closed over 2 years ago and Mark's talent is needed here. What Tinkler has done for Canungra, McIvor can do for Killarney. If you think Mark got his ferals sipping latte on the Gold Coast, think again. We all have roots.

Click to expand...

Bankruptcy Bid on mark McIvor

My oh my things really are hotting up... But wait there is more to come, this is just the start...

ASIC Officially Subpoenaed

ASIC have officially been subpoenaed yesterday to appear in the Supreme Court in the action over the repossession of McIvor's mothers home...

Now one can speculate, however it seems likey that the material that was taken when the offices of Equititrust were raised by ASIC and the federal police may have some material relevance to this case...

What was in those files and computer hard drives that has Westpac on the hunt... What will ASIC reveal ???

Expect intense media interest when this comes to court... Which of the McIvor clan will be there in support ???


http://apps.courts.qld.gov.au/esear...Location=BRISB&Court=SUPRE&Filenumber=1676/12

New report from Receivers

Report as as 9th November is now on the Equititrust website.

http://www.equititrust.com.au/Pdfs/...orts - 20121109 - 9th Report to Investors.pdf

Interim projected final value to investors: 15cents to 22 cents in the dollar [ page 4 ].

brw.com.au

brw.com.au/p/sections/fyi/strange_way_to_settle_the_score_DqcKsIrcuFg2jrsQXjffsN

brw.com has a story on Equititrust

Having not read this forum for some time I appear to have reconnected at exactly the right time.

In the past I have documented my views on the accuracy of what "No Trust" says. I also think the long held view by most readers of the site would be that "No Trust" is not an Equititrust investor so Maglitebright's observation there does not add much (nor is it supported by any evidence) and nor does that fact in itself mean much. I am also not an investor in Equititrust. Furthermore, whilst it is interesting/surprising to note that "No Trust" has not criticised Wayne McIvor much at all over the past couple of years notwithstanding he was a Director when all of the bad loans were made (and he dishes it out in spades to all those that came after such loans were made, including the Liquidators, Lawyers, Directors, Accountants, Staff etc etc) that does not mean that "No Trust" is Wayne McIvor.

In my view it is nothing short of disgraceful for Maglitebright to post the below allegations without providing a shred of evidence to support them. They are very serious allegations.

In previous posts I had indicated how I had been advised as to the identity of "No Trust" (and others). I declined to name them because I didn't think that appropriate. What I was told does not accord with "No Trust" being Wayne McIvor (or his wife). I guess only time will tell who is correct (maybe).

It is hard to imagine a scenario whereby this post has come from anywhere other than deep within the depths of "Team McIvor" - who else would be prepared to defend the indefensible? It really is quite pitiful. McIvor's conduct and shenanigans have cost investors tens (if not hundreds) of millions of dollars - when will he be stopped? Is he ever going to stop blaming everybody other than himself for Equititrust's demise. If he wants to know what caused Equititrust to fail then surely he need look no further than his closest mirror.

In my humble opinion, one should only invest in an venture where Mark McIvor (or any of his family) is a part of it if they are seeking to obtain capital losses for their tax return.

Maybe instead of writing his version of the Equititrust collapse he could pen the script for "McIvor v McIvor" - it could be the oscar winning sequel to "Kramer v Kramer". That is a movie I would pay to see.

Maglitebright said:

Wayne McIvor (one time Equititrust director and employee, and brother of Mark McIvor) and his wife Judith Jackson (owner of Toscana) are the duo known as "No Trust". They also have links to other pseudonyms.

Aussie Stocks Forum provides the perfect platform for the duo;

a)They are NOT and never have been investors of Equititrust

b)Wayne McIvor was a director of Equititrust for many years and should not forget that he has ongoing fiduciary obligations and responsibilities.

c)They are determined to discredit Mark McIvor for the grand crime of being unable to continue to finance their unrealistic and indolent lifestyle.

d)Driven by greed and hate they have created over 1300 deceitful and dishonest posts, accounting for nearly half this entire thread.

While they use the internet to cause harm they are purposefully committing criminal offences. Forensic examination of IP addresses and email correspondence will expose them.

Their posts illustrate a very sad and pitiful existence. Needless to say Wayne McIvor should focus more on his continuing duties as an ex-director.

Stay tuned!

Click to expand...

Strange way to settle the score

In what would have to be one of the more unusual – if not altogether bizarre – instances of a fallen chief executive striking back in defence of his reputation, the founder of collapsed Gold Coast mortgage fund manager Equititrust, Mark McIvor , has self-published a “novella” to set the record straight.


http://www.brw.com.au/p/sections/fyi/strange_way_to_settle_the_score_DqcKsIrcuFg2jrsQXjffsN

BRW Article

Leo D'Angelo Fisher the journalist who wrote the article comes to the same conclusion about we all do. The cover photo of McIvor with all the animals dressed up is obviously a cry for help...

Imaginary Creatures

So all these imaginary creatures in McIvor's deluded book ended up putting the knife in his back ha???

Has someone not taken their medication...

Poor Marky Boy is his own worst enemy when it comes to feeding the media... The BRW Article has made a laughing stock of his deluded publication and attempts to start another bank...

Deluded

Other's have picked up the story and are having a laugh...


http://www.propertyobserver.com.au/...ella-to-set-the-record-straight/2012111457831

Looks like the flood gates are about to open... The bankruptcy proceedings against McIvor may be the least of his worries...