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Equititrust?

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Try zero... So the money that McIvor took out in fees to fund his Super by raping the fund will now rank ahead of investor's ???

Lets see, one way or another me thinks he will not get it...


ASICK said:
and the winner is ... "I" !!!!

sorry to see the unit price plunge .. but I think many of you guys already anticipated this outcome.

maybe there's 5 or 6 cents in it.

January 2013
http://equititrust.com.au/Pdfs/Receiver/Receivers Reports - 20130104 - 10th Report to Investors.pdf

November 2012:
http://equititrust.com.au/Pdfs/Receiver/Receivers Reports - 20121109 - 9th Report to Investors.pdf
Click to expand...
 
No Trust said:
Try zero... So the money that McIvor took out in fees to fund his Super by raping the fund will now rank ahead of investor's ???

Lets see, one way or another me thinks he will not get it...
Click to expand...



No Trust! Would be nice to think you are right, but frankly the majority seem to think he's going to collect! There will be nothing

left for the investors, rightly or wrongly!

However, regarding the posting re the "receiver", you got to be worried about anyone claiming that amount of money in a month

after months and months of silence! Even more worried about the competency of people who didn't learn the basics - ie. " i "

before "e" except after "c " - the spelling of what you are supposed to be Hall Chadwick is RECEIVER!!!!! Think we were about five

yrs old when we learned that. PEDANT - maybe! However, we have lots of time in our retirement to be pedantic as we don't

have thousands of dollars of other people's money to count - unlike some!
 
Never mind the spelling, did it take the junior accountant 79.85 hours to figure out how to get the bill up over $100k for the month? Are they bloody joking?? What a ridiculous report and how much did it cost for some tosser to prepare that! Seriously, is this how it works? Do we have to sit idly by while these receivers submit these kinds of 'Calculations of Remuneration'. To whom do they verify these hours spent? I don't know how they sleep at night.

Mozzi said:
No Trust! Would be nice to think you are right, but frankly the majority seem to think he's going to collect! There will be nothing

left for the investors, rightly or wrongly!

However, regarding the posting re the "receiver", you got to be worried about anyone claiming that amount of money in a month

after months and months of silence! Even more worried about the competency of people who didn't learn the basics - ie. " i "

before "e" except after "c " - the spelling of what you are supposed to be Hall Chadwick is RECEIVER!!!!! Think we were about five

yrs old when we learned that. PEDANT - maybe! However, we have lots of time in our retirement to be pedantic as we don't

have thousands of dollars of other people's money to count - unlike some!
Click to expand...
 
Bonne Chance said:
Never mind the spelling, did it take the junior accountant 79.85 hours to figure out how to get the bill up over $100k for the month? Are they bloody joking?? What a ridiculous report and how much did it cost for some tosser to prepare that! Seriously, is this how it works? Do we have to sit idly by while these receivers submit these kinds of 'Calculations of Remuneration'. To whom do they verify these hours spent? I don't know how they sleep at night.
Click to expand...


The point is - if they can't spell - they can't count!!!!!
 
IT WILL BE A NIL $ PAYOUT TO UNIT HOLDERS.

IT WAS ALWAYS GOING TO BE.

No Trust said:
Try zero... So the money that McIvor took out in fees to fund his Super by raping the fund will now rank ahead of investor's ???

Lets see, one way or another me thinks he will not get it...
Click to expand...
 
BANKRUPTCY

McIvor's Trustee is un-funded, so without money he is not going to be able to do much than the bare minimum that he must by law carry out.

Whilst we must respect the privacy and the family secuirty of all individuals (ie: McIvor) if we wnat to help WORRELLS and perhaps assist in getting some recovery from the ESTATE and form what I think we can safely asusme was side-swipped in a well thought out and orchestrated Bankruptcy, we should all use this site to report (name and shame) any activity that we become aware of re McIvor so that WORRELS have material to then follow up....

1. the sort of cars being driven
2. luxury events - such as holidays, private schools
3. employment - ie: managing companies
4. spotted out and about having expensive dinners

anything that might help WORRELLS thena ask the questions"how did this get paid for" - then and only then, they might be able to track and acess some money tree.

Dont rule out that this Bankrputcy may have been in planning for some time as the ultimate 'escape' route.

Walk away at 50+ with say $3-$4M cash as untaxed super is not a bad 'start agin' fund, is it?

All debts wiped; no ASIC charges etc.... who wants to swap positions? Most of you - I bet.
 
kostag said:
IT WILL BE A NIL $ PAYOUT TO UNIT HOLDERS.

IT WAS ALWAYS GOING TO BE.
Click to expand...

Less than Zero if you factor in the actions of Hall Chadwick. Remember they had previously been instructed by Mcivor and Equititrust when Cameron Davis was wound up owing $17mil plus to Equititrust then was forgiven the debt, and then retained by Mcivor and Equititrust for $150k plus per annum. Investors money down the drain and it was Davies who brought Hall Chadwick to the rescue of Equititrust BECAUSE they are after the $2.8mil in fees that are the subject of a dispute with Whyte. What's the bet that a settlement between the parties see's these funds and the Hall Chadwick liquidation fees settled in part rather than go to court. Me thinks Hall Chadwick an Mcivor will come out on top.

Why else is Hall Chadwick in it. Equititrust supposedly has no assets,,,, not true. Who's collecting the fees from Werrina Cove. Then there's the matter of Hall Chadwick lacking th mettle to own up to what they are doing to claim such fees. This is a matter they will soon be explaining to the Ombudsman.

Then there is the deliberate misinformation regarding proposed joint undertakings with Piper Alderman. As investors you should make a call, there is no plans to do so and in any event Hall Chadwick does not need any help to fund their obligations and examine these crooks or are they their friends. Why then is Mcivor listed as sole director on Landsolve Associates Pty Ltd and the sole shareholder of 2 shares is EQUITITRUST. Explain why this company is racking up debts has assets listed on public records has a bankrupt steering it, yes still a director and why hasn't Hall Chadwick got around to capturing it unless they are ...... well you surmise.

Whist your doing that Landsolve Partners Ltd sole director and shareholder Mcivor is piloting this company with a raft of debts..including Telstra. where's the accountability. WHERE'S Hall Chadwick when they are not billing a $100k a month for a junior to sit at a desk and read Cosmo.

Note that the Korong Rd house of Mcivor sells for $4.55mil which displaces wifey's parents but maybe not the caveat lodged to Protect their Interests. Where did the money come from to buy this home......like everything else. Investing in the son inlaws business should not give rise to preferential treatment
 
If you go back to previous posts, the actions of Hall Chadwick were predicted... Their actions in now money grabbing innocent retiree investors after doing absolutely nothing to pursue McIvor (rememeber McIvor would not give them a financial statement as required by law) is disgusting... This whole saga with Hall Chadwick and McIvor stinks to high hell... No one is stupid...

Maybe an inquiry like the one being played out in Sydney at the moment is warranted here to get to the truth of this rape of innocent elderly Australian's.

Hang your heads in shame Hall Chadwick...


word75 said:
Less than Zero if you factor in the actions of Hall Chadwick. Remember they had previously been instructed by Mcivor and Equititrust when Cameron Davis was wound up owing $17mil plus to Equititrust then was forgiven the debt, and then retained by Mcivor and Equititrust for $150k plus per annum. Investors money down the drain and it was Davies who brought Hall Chadwick to the rescue of Equititrust BECAUSE they are after the $2.8mil in fees that are the subject of a dispute with Whyte. What's the bet that a settlement between the parties see's these funds and the Hall Chadwick liquidation fees settled in part rather than go to court. Me thinks Hall Chadwick an Mcivor will come out on top.

Why else is Hall Chadwick in it. Equititrust supposedly has no assets,,,, not true. Who's collecting the fees from Werrina Cove. Then there's the matter of Hall Chadwick lacking th mettle to own up to what they are doing to claim such fees. This is a matter they will soon be explaining to the Ombudsman.

Then there is the deliberate misinformation regarding proposed joint undertakings with Piper Alderman. As investors you should make a call, there is no plans to do so and in any event Hall Chadwick does not need any help to fund their obligations and examine these crooks or are they their friends. Why then is Mcivor listed as sole director on Landsolve Associates Pty Ltd and the sole shareholder of 2 shares is EQUITITRUST. Explain why this company is racking up debts has assets listed on public records has a bankrupt steering it, yes still a director and why hasn't Hall Chadwick got around to capturing it unless they are ...... well you surmise.

Whist your doing that Landsolve Partners Ltd sole director and shareholder Mcivor is piloting this company with a raft of debts..including Telstra. where's the accountability. WHERE'S Hall Chadwick when they are not billing a $100k a month for a junior to sit at a desk and read Cosmo.

Note that the Korong Rd house of Mcivor sells for $4.55mil which displaces wifey's parents but maybe not the caveat lodged to Protect their Interests. Where did the money come from to buy this home......like everything else. Investing in the son inlaws business should not give rise to preferential treatment
Click to expand...
 
To add insult to injury, the idiots at Hall Chadwick do not even have the temerity to post any updates on the Equititrust Website... Its nice to work in the shadows and financially rape elderely Australians who have lost their life's savings...
 
Re: BANKRUPTCY

I wonder who might be driving the new 7 series BMW out of the private Bumbles car park.


kostag said:
McIvor's Trustee is un-funded, so without money he is not going to be able to do much than the bare minimum that he must by law carry out.

Whilst we must respect the privacy and the family secuirty of all individuals (ie: McIvor) if we wnat to help WORRELLS and perhaps assist in getting some recovery from the ESTATE and form what I think we can safely asusme was side-swipped in a well thought out and orchestrated Bankruptcy, we should all use this site to report (name and shame) any activity that we become aware of re McIvor so that WORRELS have material to then follow up....

1. the sort of cars being driven
2. luxury events - such as holidays, private schools
3. employment - ie: managing companies
4. spotted out and about having expensive dinners

anything that might help WORRELLS thena ask the questions"how did this get paid for" - then and only then, they might be able to track and acess some money tree.

Dont rule out that this Bankrputcy may have been in planning for some time as the ultimate 'escape' route.

Walk away at 50+ with say $3-$4M cash as untaxed super is not a bad 'start agin' fund, is it?

All debts wiped; no ASIC charges etc.... who wants to swap positions? Most of you - I bet.
Click to expand...
 
THEY POP UP EVERYWHERE....

David "Kolonel Klink" Kennedy - ex CEO of failed MFS and CEO of failed EQUITITRUST - has popped up a senior analyst in HOng Kong with MS ASIA DEBT ACQUISITION - see LINKEDIN and or google David Kennedy Hong Kong Linked in etc

they just do the same old scams and move on
 
Re: BANKRUPTCY

kostag said:
a series 7 BMW ? with $3M plus is safe super funds - why not go for a Bentley!!
Click to expand...

It's a perfect accompaniment with Stacey's silver X5 parked outside Bumbles each day from 9am. Got to drop the kids to their private schools first. Not hard to spot these cars outside their waterfront rented mansion in Salerno St Isle of Capri. Nice luxurious life for some.
 
Re: BANKRUPTCY

These people are a disgusting joke... BMW stands for "brings more worries"



word75 said:


It's a perfect accompaniment with Stacey's silver X5 parked outside Bumbles each day from 9am. Got to drop the kids to their private schools first. Not hard to spot these cars outside their waterfront rented mansion in Salerno St Isle of Capri. Nice luxurious life for some.
Click to expand...
 
The latest news is that there will be injunctive relief sought if McIvor claims his super... It looks as though the books are being given a once over by the authorities...

Let’s see if Marky Boy has the bikkies to pay the lawyers on this one... Considering his abysmal performance in paying law firms, don't think too many will be standing in line for the work...
 
Hall Chadwick Disgrace

Hall Chadwick identified $810,000 of payments not reconciled to invoices of that $616,000 was paid to McIvor related entities... What have they done about recovering this money ???

11.2.1

http://www.equititrust.com.au/Pdfs/...eports - 20120412 - Circular to Creditors.pdf

Absolutely nothing and now they want to get paid close to a million dollars at the expense of innocent elderly investors... Despite on two occassions saying that they would not claim against the funds... They have NO RIGHT to claim against the already financially raped investors... McIvor did a great job of doing that.

So much for McIvor's claims of looking out for the investors... If he had any self respect he would not even consider claiming this money. The fact that he gambled innocent retiree's investor's money on "King Con" without telling them is reason enough...

Karma Marky Boy Karma
 
Re: Hall Chadwick Disgrace

No Trust said:
Hall Chadwick identified $810,000 of payments not reconciled to invoices of that $616,000 was paid to McIvor related entities... What have they done about recovering this money ???

11.2.1

http://www.equititrust.com.au/Pdfs/...eports - 20120412 - Circular to Creditors.pdf

Absolutely nothing and now they want to get paid close to a million dollars at the expense of innocent elderly investors... Despite on two occassions saying that they would not claim against the funds... They have NO RIGHT to claim against the already financially raped investors... McIvor did a great job of doing that.

So much for McIvor's claims of looking out for the investors... If he had any self respect he would not even consider claiming this money. The fact that he gambled innocent retiree's investor's money on "King Con" without telling them is reason enough...

Karma Marky Boy Karma
Click to expand...

Not only do they appear not interested in pursuing Mcivor or the money paid out of EL moments before Hall Chadwick was appointed. Wouldn't it be appropriate for Hall Chadwick to account to investors for the funds that surely must have been put into their trust account at the time of their appointment, and the source there off. How are these funds treated if they were deposited and if they came from EL and if not there then where else. If from Mcivor then Worrals might argue a preferential payment and seek the return of those funds. Worrals should make the call, wouldn't it be perfect if those funds in turn help Worrals go up the Mcivor spout.

Recent phone enquiries indicate that Hall Chadwick like all the other bottom feeders in this industry don't get out of bed for less than $50k for a job of this size... Say it isn't so. They were appointed by Mcivor not the court. They like all trustees and receivers want $15k plus up front to kick off simple individual administrations so how much did Hall Chadwick book to do this job. ring any of their offices and check their fees.

Sceptically one might think "not" enough to put the brakes on from DOING THEIR DUTY. The trail of those funds must have been so fresh that they would have tripped over it. How much of that went to the well publicised and documented Venture Axcess play for Equititrust and the RE.. Im might be wrong but wont the players here already identified as recipients by Whyte.

HALL CHADWICK HAVE ALL THE GROUNDS AND RESOURCES TO EXAMINE MCIVOR, to insist on the presentation of the crooks statutory required statement of financial positions but to date they have not, why is that?

Why won't one single bank, not one contribute $1 to assist Worrals examine Mcivor and how isn't it a fact that $500k worth of collectible art and artefacts are now safely quarantined from creditors in a self managed super fund to be sold or dealt with at will.
Got to get me one of them.

Again it should be noted the relationship between Mcivor and Equititrust which is a matter of public record. Mcivor is a sole director of Landsolve Associates P/L and sole shareholder Equititrust. One has to wonder what Hall Chadwick are doing about this and the assets and liabilities of this company also a matter of Public Record.
Maybe they can get their $100k a month junior to make a call.
 
STATUS OF NATION..

1. McIvor - rightly or wrongly - walks away - trousering millions
2. investors: NIL return and a tax burden for years in which they received their capital back disguised as income
3. Hall Chadwick: nice big fat fees - no public examination of anyone
4. ASIC: another toothless excercise
5. Worrels: (McIvor bankruptcy trustee) - do nothing as un-funded
6. Media: do nothing now - story is old hat
7. David Kennedy: now in HK - ex MFS ex Equititrust - same old same old
8. David Andersen: David who?
9. BOrrowers: another day another dollar

the more things change, the more they stay the same -

I think this is my last post on this site - an interesting journey - lots of winners and sadly one group of losers with nowhere to go.... as one Equititrust person said once - just drag this out as long as we can - people get used to it, people forget....
 
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