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Equititrust?

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Many innocent people lost their homes because of McIvor... McIvor knows what he has done in the past and why this has come back to bite him... When you take someone's home that they have worked for their whole life they don't take it lying down... For every action there is a reaction Marky Boy...

Maybe a Garage Sale is in order, subject to the Bankruptcy Trustee inspecting the goods of course...
 
Ex Staff

Another ex staff member interviewed... what's going on...
 
What was being concealed by Marky Boy that has authorities buzzing... Was there other matters that involved the police... The raid on the office and McIvor's house involved Federal Police... A reporter is apparently sniffing around on a new tip off...
 
What's Tucker's next move in the court case on behalf of Gerry Collins the Liquidator of MM Capital ???

Marky Boy and Racy Stacey clearly in the crosshairs again .... If the Liquidator gets up in court and gets a judgement will the dynamic duo have the bikkies to pay the judgement amount or will there be another bankruptcy proceeding...

http://apps.courts.qld.gov.au/esear...Location=BRISB&Court=SUPRE&Filenumber=2954/12
 
One of the assets formerly owned by Equititrust, Wirrina Cove Resort and Golf Course in South Australia, is now on the market for $3 million (excluding a caravan park, marina and some development land which is maybe worth $5-6m between them). MFS, who owned Wirrina with a loan from Equititrust, had the resort valued at $72m in 2008, but they went into administration shortly after as we all know, and it went into the control of Equtitrust, who had an apparent conditional offer of $34m in 2011 which fell through. God knows how much debt is tied to this thing, probably $30-40m, but the sad thing is that it currently loses about $800k per year without taking interest into account, so it's really not even worth the $3 million they are asking for it. The poor investors in Equititrust are going to take a massive bath.
 
Orks, spot on, this was a dog of an asset and when it all hit the fan McIvor was clueless... He has no idea about property development. Deer in the headlights nothing more...He didn't even pay the rates and land tax on the resort... End result another Mark McIvor Disaster.........

Incompetent idiot of massive proportions who ruined the lives of many investors...





Orks said:
One of the assets formerly owned by Equititrust, Wirrina Cove Resort and Golf Course in South Australia, is now on the market for $3 million (excluding a caravan park, marina and some development land which is maybe worth $5-6m between them). MFS, who owned Wirrina with a loan from Equititrust, had the resort valued at $72m in 2008, but they went into administration shortly after as we all know, and it went into the control of Equtitrust, who had an apparent conditional offer of $34m in 2011 which fell through. God knows how much debt is tied to this thing, probably $30-40m, but the sad thing is that it currently loses about $800k per year without taking interest into account, so it's really not even worth the $3 million they are asking for it. The poor investors in Equititrust are going to take a massive bath.
Click to expand...
 
"I wouldn't even attempt to give you any clarification of that,''

No Trust said:
Orks, spot on, this was a dog of an asset and when it all hit the fan McIvor was clueless... He has no idea about property development. Deer in the headlights nothing more...He didn't even pay the rates and land tax on the resort... End result another Mark McIvor Disaster.........

Incompetent idiot of massive proportions who ruined the lives of many investors...
Click to expand...

And life goes on (from 5 August 2011) :

http://www.smh.com.au/business/beware-an-angry-debt-collector-20110804-1idjt.html

"'The various interested parties and companies that are involved and the receivers that are involved, I wouldn't even attempt to give you any clarification of that,'' Bacon said. He suggested CBD put a call through to his co-manager, the loan manager Balmain. Balmain's chief executive, Andrew Griffin, failed to return CBD's phone call."
 
La La Land

McIvor put his hands on his ears and assumed the corporate fetal postion in terms of the rates and land tax on the bad bad loans he made.... La La La may be comforting in that position, but the reality is the rates and land tax had to be paid... He didn't pay them simple as that...

Why didn't his idiotic Landsolve make those admissions ??? This was a total dereliction of duty to the investors...

Landsolve was his diversion to save his and Stacey's ass and nothing more...

Instead as the a liquidator has identified amounts approaching 1 Million Dollars were paid to entities associated with the dynamic duo without invoice...

It's quite disgusting, no wonder the Liquidator of MM Capital Gerry Collins who is a well respected insolvency practitioner is pursuing Marky Boy and Racy Stacey... Gerry Collins has not instituted proceedings in the Queensland Supreme Court for nothing...

Good to see that Tucker has finally seen the light and has come on board to pursue these two...
 
Great to see David Whyte pursing Geoff Booth and wifey Hellen Makay... The scruffy surfer with a penchant for skateboards was a known accomplice of McIvor...

Time to hand over the house Boothy Boy... You reap what you sow, it took a few years but looks like the universe got around to you...

GREAT JOB David Whyte in pursuing this character on behalf of Equititrust Investors...


http://apps.courts.qld.gov.au/esear...ocation=BRISB&Court=SUPRE&Filenumber=11850/12
 
The dodgy Gold Coast is being given a thorough sweep out of its nefarious individuals... McIvor being number one on that list...
 
More information regarding McIvor's Public Examination would be helpful... Hang on it has to come from Hall "Pass" Chadwick... Don't hold your breath for this duplicitous bunch to give a straight answer...
 
Do the McIvor's own any more property on the Gold Coast or anywhere for that matter ???
 
Bad Bad Energy

Today's Gold Coast Bulletin
Quentin Tod
Page 48

GARY John*son, a fel*low who runs aged*care vil*lages, is the moot*ed buyer of the Cronin Is*land house built by Eq*ui*titrust mer*chant bank founder Mark McIvor.
Gary, who runs John*son Vil*lage Ser*vices from Bun*dall’s Cor*po*rate Cen*tre, is be*lieved to be pay*ing $3.9 mil*lion for the home, or $2.​85 mil*lion less than NSW truck*ie Garry Ful*ton paid McIvor re*ceivers 16 months ago.
The 67-year-old busi*ness*man’s port*fo*lio al*ready in*cludes a 300sqm apart*ment on the 35th floor of South*port’s Piv*otal Point and a home at Royal Pines.


What a whopping loss and another disaster connected to McIvor, now the question is who provided the dud valuation ???

Gary Fulton says he was provided a valuation at the purchase price and there is speculation that the matter is heading to the lawyers...
 
House of Horrors

Gary Johnston should have this place doused with holy water. Very very unlucky home with some lingering bad energy. It is said that energy does linger in a home after the previous owners have left.
 
The thread views will reach 350,000 Views within the next few days...

Keep up the fight and don't let McIvor and wifey racy Stacey escape justice...
 
Expecting the service of more writs Marky Boy ???
 
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