Australian (ASX) Stock Market Forum

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Avoiding The Media

It seems that McIvor and Kennedy are again avoiding the Media...

When the Sydney Morning Herald contacted them about the Landsolve Capital Raising both were not available for comment... If you are doing the right thing and have nothing to hide why not talk to the media... Looks like their mate "King Con" has taught them a few lessons in starting up new companies under a different guise as well...
If you want money to save your own asses you need realize the Australian Public are not stupid and the Australian Media will be tracking your every move. Let's hope that ASIC also does the right thing and steps in ASAP...
 
Its been a while since I have been on this forum. Not much has changed. Losses continue to build & Equititrust through its sister companies continue to canvass for poor retiree's money. :banghead:
 
Disgusting Behaviour

After losing tens of millions of dollars of innocent retiree investors money they continue to prey on weak and elderly investors ... Anyone looking to invest in one of the new delusional schemes should speak to a current Equititrust investor to see how their investment turned pear shape in the hands of McIvor and Co and his best mate "King Con"... These guys should not be trusted with a single dollar of the Australian Public's money. Bringing them before a court to be publicly examined regarding the "King Con" loans should be the first priority..
 
Removal of Offer document from Landsolve Website

It seems that Landsolve have removed the offer document from their website.. What’s going on behind the scenes... Have the numerous complaints to ASIC about this scam finally had their effect... For the Australian public's sake I sure hope so... looks like interesting times ahead especially if Equititrust defaults further and cannot repay NAB next month…

Looks like this effort to scam the Australian Public has also failed…
 
NAB Loan

The question now is, will NAB be paid back in full next month??? Or will there be another default....
 
Trust Mutual

It's a pity that the "Trust is Not Mutual"

The Australian Public is not stupid and will not fall for these tricks let alone the delusional video that was posted online. The only thing that stood out was "Matt's side burns...
 
Re: Trust Mutual

It's a pity that the "Trust is Not Mutual"

The Australian Public is not stupid and will not fall for these tricks let alone the delusional video that was posted online. The only thing that stood out was "Matt's side burns...

If you keep holding on to those lemons your never going to get any lemonade,

It's your fault,

Yes you had some bad things done to you, But you set it up so they could.

Your sheilds will be stronger next time, Move on.

If you focus on the mistake they made, you'll miss the chance to learn from the mistakes you made.
 
Mistakes Have To Be Paid For

Thanks for the above advice, however mistakes or in this case extreme negligence has to be paid for. EquitiRust would love all this to go away, but it won't until investors know where their money went and why it was squandered on "King Con".. Mate this has only started and will not let up until they come clean...
 
Re: Mistakes Have To Be Paid For

Thanks for the above advice, however mistakes or in this case extreme negligence has to be paid for. EquitiRust would love all this to go away, but it won't until investors know where their money went and why it was squandered on "King Con".. Mate this has only started and will not let up until they come clean...

I have seen stuff like this before, if they have lost your money it's gone. and it will take years to work out in the courts and you will have to throw good money after bad and you will never get anything back and you will increase the heart ache.

I Invested $10,000 in a highly speculative scheme 5 years ago, broke all my own rules and all the principles of investment. after varies actions from investor (perish the term) I have received two cheques in the mail one for $11.00 and one for $22.33.

But it was the best $10,000 I ever spent, it sent me down the right path and made me a better investor, The investment operation I run today is better for it.
 
Piper Alderman Update 11 July 2011

Piper Alderman Update 11 July 2011


Equititrust Limited Class Action

Update - Monday, 11th July 2011

Piper Alderman continues to investigate the merits of a unit holder class action against Equititrust Limited, the responsible entity of embattled mortgage fund Equititrust Income Fund, for breaches of the Corporations Act.

Following a unit holders' meeting held on 20 April 2011, there have been a number of reports in the media relating to Equititrust Limited's financial position, that have lead to significant scrutiny of its management of the Equititrust Income Fund. Despite investigations undertaken by ASIC, Equititrust Limited has failed to adequately resolve the issues identified or address the concerns of individual unit holders.

The recent resignations of Mark McIvor, the driving force behind Equititrust Limited, and David Kennedy, the former CEO, have further heightened the concerns of investors.

If you are interested in joining the potential class action, please e-mail dholland@piperalderman.com.au.

http://www.piperalderman.com.au/firm/equititrust-limited-class-action
 
Trying To Raise 200M - Ah Don't Think So

Trying to Raise 200M while ASIC is investigating you... Don't think so...

Trying to raise 200M whilst tens of millions of dollars of losses have not been disclosed to Equititrust Investors... Don't think so...

Trying Raise 200M whilst issues investigated by ASIC remain unresolved... Well that’s delusional...

There is more going on in the background than investors know about, but that’s not a surprise with Equititrust and McIvor Inc... The "King Con Loans" and tens of millions of dollars of losses were only revealed to investor a few months back, as reported by Colin Kruger in the Sydney Morning Herald...
 
Contact Piper Alderman

To protect your rights contact Piper Alderman and make a complaint to ASIC..
 
TV Exposure

Considering McIvor and Co's passion for making delusional videos, it might be time for some National TV Exposure via an investigation by one of the Current Affairs Programmes’. Let’s see some tough questions on investor losses and ASIC Investigations answered then...
 
LANDSOLVE: have any assets of Equitrust moved across to Landsolve

I think something thas everyone has to be on guard for is the very real prospect that EQUITITRUST may have allowed loan "assets" (and I use that term very loosley) to transfer across to LANDSOLVE, the Equititrust 'mini-me'.

With the National Bank holding the first charge, we would all like to think that they have been diligent enough and this has not occured.

However LANDSOLVE is hell bent on setting up a FUND and it needs loan assets.

None of us should rule out that LOAN ASSETS may have been flicked sideways.

Piper Alderman, you should be writing to all Directors and even the NAB for that matter and making sure that everyone is on notice.
 
Re: TV Exposure MINI SERIES

I think there is enough for a mini-series.

Considering McIvor and Co's passion for making delusional videos, it might be time for some National TV Exposure via an investigation by one of the Current Affairs Programmes’. Let’s see some tough questions on investor losses and ASIC Investigations answered then...
 
Re: TV Exposure MINI SERIES ACA or TODAY TONIGHT

would only need a couple of investors to be prepared to step forward..... could all start with the CHOICE MAGAZINE warning..... then across to the KING CON involvment - the PRICELESS Ian Maurice footage - whenever I watch, I laugh that hard that I hurt - where did he find that CORKIN fellow - very inspiring stuff......
I think there is enough for a mini-series.
 
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