Equititrust?

No Trust said:

It's great to see that some people still don't take themselves too seriously especially when they can't decide which side to take and flip around from one side to the other yet don't give a damn about investors...

The overall exposure of the Equititrust issue is what is being referred to. This site and particularly Kostag for starting the thread alerted many to issues that Equititrust were trying to hide and that includes time that Tucker and other directors such as Kennedy were on the board.

There were definitely issues of conflict of interest which must now be investigated... This was even alluded to by Hall Chadwick the liquidator of Equititrust.

In any event, McIvor must now submit to the trustee or face lengthy and prolonged bankruptcy. What will be difficult is filling out the forms for the trustee as all money and assets must be declared.

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No Trust said:

So what will happen to the driveway full of European cars ???

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Bonne Chance said:

So, what's wrong with this picture? There is a driveway full of European cars and Mark was bankrupted for a measly $25,000 without so much as a fight?

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No Trust said:

King Con - McIvor.... Mi Guardian Fiduciary what’s the connection ??? Well it seems that McIvor has a one Joe Mamone Founder English Phoenetic Code as one of the partners listed. See below in the attached PDF.
Page 48 Today's Gold Coast Bulletin, Quentin Tod seems to have picked up on the same connection between McIvor and King Con...



Today's Gold Coast Bulletin Business Page 25 has a big story on King Con and his come back and surprise, surprise guess who he says he is working with, yes the one and only........................ wait for it....................... " for the past 15 years, he says, he has been working with the Mamone family to develop an English- language learning system called the DD Code and, from this, has built a not for profit charitable aim to provide literacy programs to Australia's indigenous population..."


Now let’s see if we can connect the dots here... Look at the Mi Guardian Fiduciary Website and under Key opportunities and Outcomes we find:

9.Commercialisation of breakthrough intellectual property for the advancement of English as a second language and the elimination of illiteracy.

10.Building of a relationship of confidence and trust with indigenous communities with a view to accelerating ‘Close the Gap’ initiatives.

This is Mi Guardian Delusionary


http://www.miguardianfiduciary.com/MiGuardianPartners/Overview.aspx

http://www.miguardianfiduciary.com/Portals/GuardianPartners/071248-Mi-Guardian-Memorandum-FINAL.pdf

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No Trust said:

Page 48 today's Gold Coast Bulletin Quentin Tod has picked up on the connection between McIvor and King Con... Now we just need to know where the money went...

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ASICK said:

http://www.goldcoast.com.au/article/2012/11/28/442685_gold-coast-business.html

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kostag said:

as DAVID WHYTE gets down to the last (big assets) ie: having sold off the more marketable stuff - this is where the massive losses are going to hit the fan!

There are three major asset/loans left atleast - all with massive unpaid rates and costs - and values nowhere near predictions....

after the costs of WHYTE etc - there will be NIL left - we predicted 18months ago a 100% loss to all INVESTORS - this will be confirmed as the case within 4 months.

Anyone wnat to sell EQUITITRUST units? I'll pay one cent per dollar.... but you had better be quick.... next week, you can pay me a cent to take them off you

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No Trust said:

Here's my bid, Goldie needs to take his delusion medication... It seems that sarcasm is beyond this flip flopping fool... Where was he 3 years ago when Kostag started this thread??? Sitting on the fence and waiting for the war to be over and now when it's all over appears and flip flops showing no support for the investors ...

Kostag and a few other contributors had the balls to expose McIvor and Equititrust's deceit and the media has backed this thread on a national level.

I will take Kostag's predictions any day as they have proven to be correct... The sale of these assets given they are toxic gives rise to major uncertainty in terms if what they will yield...


The return to investors has been dropping progressively and unfortunately will continue to decline... How much will be retained in the end by receivers against potential legal action is anyone's guess but I you look at Michaels West's recent reporting in the SMH over the last few days indicates receivers can withhold massive amounts to defend any future legal claims...

The return may not be zero but its heading that way...

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Goldie101 said:

Sorry No Trust. I must buy myself a new dictionary as your definition of sarcasm is not in mine - mine defines sarcasm as the lowest form of wit. I guess I should buy myself a new calendar whilst I am it, as it is not three years since Kostag started the post according to mine. It's not even close. Oh, my mistake, maybe that was sarcasm as well. It's so hard to sort the fact from the fiction on this site sometimes.

Maybe the temperature here is getting to me and I am a bit hot under the collar but you really do say some silly things. How exactly is it that one is defined as "having the balls" when all one does is anonymously post all sorts of unsubstantiated allegations (some of which have turned out to be true, many of which have not)? One cannot be classified as courageous when they hide behind the shield of anonymity.

I took your advice and read the Michael West columns on receivers withholding payment (29 Oct 12 and 3 Dec 12). Whilst I am not an expert on the topic, I don't think you need to be. The article is referring to receivers appointed by banks (and in particular ANZ) - not those appointed by the court - apples and oranges my dear friend, apples and oranges.

Anyway, what do I know, I am just a delusional fool. I must be off - need to find my meds!!!!!

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Goldie101 said:

Finally after all this time Kostag has been revealed for what he is - an opportunistic predator. I suspect this whole charade masquerading as the concerned investor has been nothing but a smokescreen to hide his long term strategy of talking down the unit price then making an opportunistic bid to elderly or confused investors.

David Whyte has estimated further asset realisations of between $30m and $42m in his report of early November (ie less than one month ago). This is after payment of all liabilities (including the o/s rates Kostag refers to) and all costs except for Receiver fees. Simple arithmetic tells me that unless David Whyte's further costs are between $30m and $42m there will be a return to investors. Given his costs over the last year were <$1m this seems an unlikely scenario.

All we need now is to wait for No Trust's 2c bid.

Unbelievable!!!!!!!

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kostag said:

oh Goldie! Goldie! Goldie!

Surely you are not so naive ....

you of all people know exactly what is going on

WHYTE has done a great job - the one thing that he cannot affect is the GROSS REALISATION.....

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