Equititrust?

No Trust said:

$1,561,405.99 in 5 months flowed through tucker and Cowen's Trust Account as a result of the purchase of the Rosea Debt for a bargain sum of $700,000 ??? Remember the total recoveries were $2,211,955.99...

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No Trust said:

Who determined that $700,000 was fair value ? Peldan the receiver of the EPF said he did... (Refer to transcript below) So that decision "as a receiver" was made in conjunction with the receiver of the EPF David Whyte.

Now lets dig back at the relevant relationships of all the parties. This is not speculation this is fact which has been tested in the Federal Court.

Michael Peldan - Personal friend of David Tucker ? - YES

David Whyte - Personal friend of David Tucker ? - YES

David Tucker - Acting as Solicitor for Michael Peldan EPF ? - YES

David Tucker - Acting as Solicitor for David Whyte EIF ? - YES

David Tucker - Acting as Solicitor for MS Asia ? - YES

David Tucker - Acting as Solicitor for David Kennedy - YES

The actual, let alone the perceived conflict of interest between these three is beyond the pale and if it were not for the millions of dollars being spent on the current litigation by the liquidators, none of these deals would have come to the knowledge of the investors of the EIF and EPF...




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kostag said:

Re: Equititrust: RAPTIS DISCLOSURE:

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kostag said:

1. Recent media:
Equititrust is seeking to recover a $3.8 million debt held against a Mudgeeraba development site owned by a Raptis company and guaranteed by Mr Raptis personally.

Equititrust chief executive David Kennedy said yesterday that Mr Raptis had not adhered to a refinance proposal.

''We ran out of patience,'' he said. ''We're going after everything and anybody that owes us money.''

But Mr Raptis yesterday said the amount owed was in dispute and he would be defending his position. He was confident of an amicable settlement.




2.

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