This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

Equititrust?

Status
Not open for further replies.
Jump to new
It’s VERY VERY simple... No more LITIGATION that wastes another dollar of creditors money...
 
Why has there been a consistent aversion to providing financial financial statements to Liquidators and the regulator ???

If there was nothing to hide why the aversion front up with the figures ???

McIvor and his flying monkeys appear to have some homework to finalise.

Karma has everyone’s address...



 
Attached is a link from ABC news;

https://mobile.abc.net.au/news/2019...xtension-in-inquiry/11416286?section=business

If anyone is motivated, put a submission in regarding KPMG and co.
Perhaps Transparency International should be made aware of KPMG Au and their failures. The ICJ, International Consortium of Journalists might also be interested since KPMG is a multinational dirtying to water far from home with repercussions being felt for years.
 
Kostag...your fly is undone. You always get over excited thinking about McIvor. I wonder why? It is getting a bit obvious...why don’t you just send him some flowers...
You are drawn to him like a bee to honey.
 
McIvor you are stuck to this thread like sh#t to a blanket... Repeatedly joining the thread and posting as a new user that joined that day... Why don’t you just join the thread as yourself... As for Kostag, you got it wrong again

The flowers, well they were sent to the funeral of Equititrust...




RedQuill said:
Kostag...your fly is undone. You always get over excited thinking about McIvor. I wonder why? It is getting a bit obvious...why don’t you just send him some flowers...
You are drawn to him like a bee to honey.
Click to expand...
 
The Equititrust Servers which are intact and preserve a plethora of historical information will prove to be career poison for some sycophantic individuals who did McIvor’s bidding...

Regulatory Shirt Fronting - well and truly underway... Karma has everyone’s address...

When you try and bury someone, make sure they don’t come back and haunt you from the grave...

Bye bye boys...

 
It appears as usual the Liquidators are churning up enormous legal fees in the litigation against Tucker & Cowan... Question is, will it end up just like the action against McIvor with the lawyers and litigation funder taking the lot ?

Not that anyone doesn’t want to see the blow torch applied to Tucker & Cowan, but if it’s just a fee generation exercise, what’s the f#cking point and benefit to investors.

Pleash explained that during the litigation against McIvor and KPMG the litigation funder was paying Hall Chadwick’s fees... This surely is not arms length...

Pleash needs to fess up to creditors and investors alike as to whether the same deal was struck with the litigation funder as to their Liquidators fees ?

What’s the bet nothing ends up in the pockets of investors again ???


http://apps.courts.qld.gov.au/esear...Location=BRISB&Court=SUPRE&Filenumber=7399/18
 
The Liquidators having to change senior counsel in the proceedings against Tucker & Cowan, having to drop suing Kennedy (who was never served), having cost orders against them in the hundreds of thousands of dollars seem to be completely mismanaging the litigation to date.

Imagine after all the costs and Interlocutory proceedings Tucker & Cowan have not even filed defences yet because the statement of claim has not been finalised... SMFH what a disaster...

The liquidators embarked on suing everyone and have had to withdraw proceedings against multiple defendants and now say in their report they wanted to simplify proceedings and then appointed a new senior counsel... For f#cks sake why wasn’t this properly thought out before they commenced proceedings...

Meanwhile they get paid no matter how may f#ck ups they make along the way. Given that no money was returned to creditors in the other proceedings against McIvor and KPMG... WHATS THE POINT ???

The Liquidators seem to be pursing these actions simply to remain on the fee drip with absolutely no empathy or concern for the creditors and investors of Equititrust. This is just one big legal adventure for them with absolutely no recourse against them.

After the upcoming September hearing and judgment they are now saying they want the matter put on the Commercial List which expedites actions through to trial with the appointment of a judge to the matter. I am certain Tucker & Cowan will object to this and drag the matter out as long as they can.

Just look at the amounts paid out to the litigation funder and lawyers to date such as Russell’s who are running the Tucker & Cowan litigation...



http://www.equititrust.com.au/Pdfs/Liquidator/Liquidators Reports - 20190820 - Report to Creditors.pdf
 
Last edited:
Is this what this litigation is really all about ???

The lawyers and liquidators get ALL the money and the creditors and investors get NOTHING...

It’s all in black and white folks... Can’t be confused for anything else...

Now if you think that creditors will get one red cent from the current legal foray against Tucker & Cowan, you don’t know the nature of lawyers and liquidators... It will all be balanced to the last cent to land in their pockets... No wonder the Federal Court judge was disgusted with what panned out in the previous proceedings...

Can you imagine that not even $1,000 was spare to distribute to creditors and investors from the settlement, every single dollar and cent was gobbled up by the lawyers and liquidators...

There has to be a stop to these liquidators funding lawyers new Range Rovers and holiday houses... NO MORE LITIGATION...



 


It literally makes Mozzi want to throw up reading all the foregoing.

If they had any conscience whatsoever they would ALL have the grace to be embarrassed!

Wonder if they are as they laugh all the way to the Bank (as we have said previously!)
 
Having “so called” insolvency professionals getting involved in a matter like Equititrust is analogous to a parasite feeding off a host body until everything is sucked out of it.

That one dollar was not available for distribution after 6 years of litigation is scandalous... The litigation should have been seen through to the end. However as the Federal Court judge alluded to, other interests were prioritised and in play such as the liquidators fees in the event that the case was lost, they would have got zilch. Of course that influenced their decision to choke at the last minute and settle.

A litigation funder should never have been paying the liquidators fees for 6 years...

This was a business deal speculative in nature from the outset with no independent voice of creditors in any of the decision making. The investors and creditors were used so that lawyers and liquidators could make a buck.

The Tucker & Cowan litigation is a disaster to date.. The liquidators are better off discontinuing the action and cutting their losses before it ends in tears...
 
The Liquidators are under pressure, hence the lengthy report by Pleash trying to explain what’s happening with the Tucker & Cowan litigation.

This litigation will end in tears and the creditors and investors will get a big fat zero...

It’s time for the Liquidators to F#CK OFF and stop kidding themselves about recovery of anything from Tucker & Cowan...

Mozzi said:
It literally makes Mozzi want to throw up reading all the foregoing.

If they had any conscience whatsoever they would ALL have the grace to be embarrassed!

Wonder if they are as they laugh all the way to the Bank (as we have said previously!)
Click to expand...
 
Another milestone with the thread hitting over 800,000 views today...

Many thanks to Kostag for starting the thread and exposing everyone associated with the filth that was Equititrust...

 
Status
Not open for further replies.
Menu
Log in
Register
Cookies are required to use this site. You must accept them to continue using the site. Learn more...