GOING CONCERN
this is part of what popped up on the EQUITITRUST web site today. Whilst prima facie this PDS is comforting because it seems that the action against it is scurrilous, look at the last few paragraphs for a moment....
As of today's date Equititrust Group is in a position to pay all of its debts as and when they fall due.
Now: I think for the first time we hear of Equititrust GROUP - what comprises the GROUP?
Secondly, if it can pay all of its debts - then why aren't investors and the bank getting paid? or don't we count as being "debts" anymore?
NOW, finally - look at how the PDS is signed - no one person has signed - not David Kennedy nor Mark McIvor - in other words NO-ONE personally seems to be prepared to mae the statement.
I AM GLAD THAT EQUITITRUST CAN PAY ITS DEBTS AS OF TODAY - I AM LOOKING FORWARD TO MY CHEQUE BEING SENT OUT TODAY AND I AM SURE THE NATIONAL BANK WILL WELCOME THE NEWS.
this is part of what popped up on the EQUITITRUST web site today. Whilst prima facie this PDS is comforting because it seems that the action against it is scurrilous, look at the last few paragraphs for a moment....
As of today's date Equititrust Group is in a position to pay all of its debts as and when they fall due.
Now: I think for the first time we hear of Equititrust GROUP - what comprises the GROUP?
Secondly, if it can pay all of its debts - then why aren't investors and the bank getting paid? or don't we count as being "debts" anymore?
NOW, finally - look at how the PDS is signed - no one person has signed - not David Kennedy nor Mark McIvor - in other words NO-ONE personally seems to be prepared to mae the statement.
I AM GLAD THAT EQUITITRUST CAN PAY ITS DEBTS AS OF TODAY - I AM LOOKING FORWARD TO MY CHEQUE BEING SENT OUT TODAY AND I AM SURE THE NATIONAL BANK WILL WELCOME THE NEWS.