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Vincent the "Idiot"

In Para 24 of the Affidavit Vincent States:

He is concerned about the potential layers of fees of the Insolvency Practitioners which may be appointed yet he has no problem nominating himself and his partner Nick Combis to a delusional Committee without revealing his potential windfall in fees at full "Liquidator Rack Rate"

What Vincent does not understand is that a court will not interfere in a "secured" creditors right of recovery under a default. The court will not bend its rules and neither will ASIC.

This brings me to another point

Refer to Para 34

Where Vincent "The idiot" wanted to get special treatment from ASIC to wind down the fund without a FSL. Well you could imagine what ASIC had to say..... Ah Vincent you idiot F#ck Off and lets see you on Monday.

Refer to Para 31

Where Vincent "The Idiot" basically tries to use the Poison Pill that McIvor put into the constitution of the fund regarding the conversion of the 40,000,00 units to blackmail the court into granting his delusional proposition.

He goes on to mention some critical source documentation in regard to the Unit conversion was "Unavailable" to get legal advice. Where is this Dodgy documentation and why was it not in the offices. Looks like ASIC and the Federal Police may have to raid 1 Southern Cross Cr again.

This is unheard of....

Documents of this critical nature unavailable.... Come on how hard did he try and get this document from his mate McIvor and these idiots feel they are best served to continue to run the wind down of the fund.

The Piper Alderman letter attached to the Affidavit is very detailed as it sets out its claim against Equititrust and its directors for basically defrauding the investors over a number of years.

Of note in the Piper Alderman Letter there is a list of supporting investors, Bea Jeans is on the hook for $12,500,000. If McIvor did this to his former future mother In Law what hope have other innocent retiree investors got.

What is sure is McIvor Squirreled away tens of Millions of Dollars and the legal action is now going to decimate him and the former directors who colluded in this sick fraud of investors.

I urge all investors to read this letter and see how they have been financially raped...

Wait till the media gets a hold of this little beauty...

Goodbye Gold Coast Gaddafi


http://www.equititrust.com.au/Pdfs/Notifications/20111118/Affidavit_Paul_Vincent_sworn_18112011.pdf
 
FORENSIC ACCOUNTANTS NEEDED

FORENSIC ACCOUNTANTS NOTE !!!

look very very closely at the SUB-ORDINATED UNITS ACCOUNT in the period 2009-2011.... you will see that about $40M was drawn out and about $40M "issued" - this was done , in my view, that the $40M "issue" is invalid - the UNITS do not LEGALLY exist - his CAPITAL ACCOUNT is OVERDRAWN - dont let this AFFIDAVIT twaddle bluff any of us..... KNOWLEDGE is all the POWER we need and we are all now 1 step ahead of this lot....

Baton and Piper Alderman - as well as LAZAR for that matter - are on top of this lot.
 
PAUL VINCENT's Affidavit is inadmissible as it was not posted on the Company's website prior to 4pm on Friday - NYST Lawyers have tried to combat this issue by posting a further Affidavit TODAY (which again is not deemed to be served as it wasnt posted before 4pm on Friday) noting that they were required to act on behalf of Equititrust on Friday for the Lazar case and therefore did not have time to prepare for this case. Given that the COURT RECORDS show that TUCKER AND COWEN are the Solicitors on file for Equititrust - I suggest you do not purger yourself as we will get you struck off Ashley Tipledick.
 
Re: Stacks Managed Investments

A member of the PFMF unitholder forum posted, "... Had a phone call today from a friend regarding Stacks taking over as manager of the Kinsgrove Fund and he said the change to Stacks was like a "breath of fresh air". ..." - Good luck!
 
This is what Mcivor WANTS - he wants to reconvert his 40m worth of Units. It will be his saving grace!!!!!! This is why there is so much conflict between Tucker and Mcivor - Mcivor DOES NOT have the Investors at heart. He just wants to save is million dollar lifestyle which sadly will end next week with the appointment of receivers to his properties.

He is the stooge of all stooges - I have it on good account that he has transferred a number of assets to his cry-baby wife. The public examination once he is Mr Bankrupt (which will go for days) will break her down to reveal where all our money is.

Orders need to be sought to suspend Mcivors passport.
 
What don't you contact Stacks directly and put your concerns to them? They are VERY approachable. $40m is a lot of money - you need assurances that your invstments are not going to be impacted by what's going on. Ask them to put a response in writing. I have no association with Stacks, nor Equititrust, except I support Stacks in their attempt to oust Trilogy as manager of the PFMF.
http://stacksfinance.com.au/investments
 
Stack's

Stacks are tainted now and their good sense has prevailed and they will not get involved in this disaster. I trust the Supreme Court and ASIC will appoint someone INDEPENDENT.
 
Sorry, No Trust perhaps I shouldn't been as pleased for you guys as I am for myself, because we're working very hard to get rid of Trilogy and replace Trilogy with Stacks. The opportunity for me to see a manager I can have confidence in is quite exciting. Stacks has an excellent reputation. Their fund hasn't lost money and didn't close during the GFC - but, again, you guys make the decisions. If Stacks are no longer interested in the fund, then the point is moot anyway.
 
Stacks

It would have been great to have had a company like Stacks and possibly another one for investors to chose from. Unfortunately the incompetent idiots at Equititrust wanted them replaced as the temporary manager and then have Stack's re employ the Equititrust Board and staff under a separately incorporated entity... Come on is Vincent and McIvor INSANE. If Stacks have a good reputation I am sure that they would have found this untenable as it would have been akin to introducing a cancer to their own fund.

Equititrust and McIvor were just out to use their good name and nothing else. Read through the Affidavit as it spells out word for word what the scam was going to be, its UNBELEIVEABLE...
 
McIvor's Transfer of Assets to his Wife

McIvor will try and use every trick in the book to further screw retiree investors however it seems from Piper Alderman's Letter that this fraud on investors goes back many years. Any Transfer of assets in an attempt to defeat creditors can and will be overturned by the court. Orders can and will be obtained by way of Mareva Injunction to have the asset sales frozen whilst an investigation into McIvor's affairs is conducted. It is most likely that this will be done soon after the Provisional Liquidator is appointed on Monday. I am sure piper Alderman already have a strategy to address this issue and will be before the court soon seeking orders for the presevation of assets on behalf of investors. Having read the Piper Alderman letter that was sent to all the directors on the 11th of November I am quite pleased with their approach.

In terms of the McIvor's making a run for it to an overseas destination, I am sure that ASIC and the Federal Police have already put a watch on McIvor and if he approaches any Airport he will be denied exit from the country... If McIvor thinks this is not a reality I challenge him to attempt to leave the country...

In terms of his co conspirator wife I am sure she must hold her head high in front of all the mothers at St Hilda's Schhol for girls. Apparently this scandal is high on the list of gossip amongst the school community... Nice to be able to send your kids to a pretentious private school while investors starve... Those school fees are being paid for with the blood and sweat of retiree investors... Maybe the Public school system is a better option Stacey...


zencorp said:
This is what Mcivor WANTS - he wants to reconvert his 40m worth of Units. It will be his saving grace!!!!!! This is why there is so much conflict between Tucker and Mcivor - Mcivor DOES NOT have the Investors at heart. He just wants to save is million dollar lifestyle which sadly will end next week with the appointment of receivers to his properties.

He is the stooge of all stooges - I have it on good account that he has transferred a number of assets to his cry-baby wife. The public examination once he is Mr Bankrupt (which will go for days) will break her down to reveal where all our money is.

Orders need to be sought to suspend Mcivors passport.
Click to expand...
 
Hi No Trust, I see what you mean. At last count, Stacks lost interest and decided not to proceed. It really is a right mess. I'd like to think that the matter of the $40m subordinate units was high on everyone's mind: it could have been the reason why Stacks eventually decided not to proceed. Reputation is important, and if the $40m was converted that would impact on the current manager, whoever that is. Yes, a mess. I can't understand how such a PDS could ever have been approved by ASIC. Unbelieveable. It's in the hands of the court, no doubt about it.
 
Additional Affidavit by Ashley Tippledick

Boo hoo.... A dog ate my homework... Tough luck Tippledick, it just goes to show that Nyst lawyers are under resourced and are not in the league of heavy hitting capital city law firms...

A typical Gold Coast White Shoe Brigade Law firm, stick to criminal matters guys.... I am sure Keeping McIvor out of the Klink will keep you vey busy for some time to come...


http://www.equititrust.com.au/Pdfs/Notifications/20111119/Affidavit_Ashley_Tiplady_19112011.pdf


zencorp said:
PAUL VINCENT's Affidavit is inadmissible as it was not posted on the Company's website prior to 4pm on Friday - NYST Lawyers have tried to combat this issue by posting a further Affidavit TODAY (which again is not deemed to be served as it wasnt posted before 4pm on Friday) noting that they were required to act on behalf of Equititrust on Friday for the Lazar case and therefore did not have time to prepare for this case. Given that the COURT RECORDS show that TUCKER AND COWEN are the Solicitors on file for Equititrust - I suggest you do not purger yourself as we will get you struck off Ashley Tipledick.
Click to expand...
 
Pilot Partners

Notice to Pilot Partners

The finger is on the trigger of the gun the moment that you issue a consent to act as provisional Liquidator of Equititrust... You know that you must disclose to the court that you have previously acted for McIvor's private companies MM Properties... Vincent "The Idiot" may try and fool the court but deceiving the court as an Insolvency Practitioner is another matter isn't it.

Brad Hellen take note that you and your firm have been warned...
 
Court Appointed liquidator to Equititrust

The Supreme Court of Queensland and ASIC should be the only two parties determining who the provisional Liquidator should be.

Its the oldest trick in the book to bring a consent to court from the preferred liquidator and catch the other side on the hop without a consent form from a liquidator...

Lets hope that ASIC bring their own consent and object to Pilot Partners being the liquidator as there is a Conflict of Interest be it perceived or otherwise.

Investors will feel a lot more comfortable if it is one of the other big names with a National Office Network to be able to handle the Assets in NSW, South Australia etc...


A clean sheet is what is demanded by investors


ASICK said:
Hi No Trust, I see what you mean. At last count, Stacks lost interest and decided not to proceed. It really is a right mess. I'd like to think that the matter of the $40m subordinate units was high on everyone's mind: it could have been the reason why Stacks eventually decided not to proceed. Reputation is important, and if the $40m was converted that would impact on the current manager, whoever that is. Yes, a mess. I can't understand how such a PDS could ever have been approved by ASIC. Unbelieveable. It's in the hands of the court, no doubt about it.
Click to expand...
 
Is it true that: both Vincent and Hellen have enjoyed (at separate times) a spot of marlin fishing on the high seas with a prominent Brisbane lawyer ( unconfirmed: who once upon a time employed both Tucker and Cowan)

Its a small world. Probably just a coincidence and no relationship is implied.

However, given the company history of keeping it close, why risk it. Independence in the appointment of a liquidator is crucial, as I would think looking into the affairs of all Equititrust directors will form a critical part of the process.
 
Independence is Key

The aforesaid mentioned sleazy bastards are in no way independent. I will go one step further and say that anyone that Vincent "the idiot" recommends will in some way be rigged.. Tucker has dealt with Pilot Partners as well so as far as investors are concerned the whole thing reaks of jobs for the boys. It is a well know fact in the insolvency profession and legal fraternity in Brisbane that Vincent hates Tucker with a passion and has made this clear on a number if occasions. So whatever the status is with settling scores currently it seems that Pilot Partners were chosen for a reason to get back at someone... Investors don't want this sh#t and it really is sh#t when you look at it.
All these pricks are as bad as each other and who the hell are they to dictate to investors who will be appointed as liquidator. If there is even a whiff of contention in regards to Pilot Partners then they have to be eliminated. Which they will be on Monday...

Let's hope McIvor is there in Monday so that investors can tell him what they think of him personally... After the letter was issued by Piper Alderman many investors want to personally address McIvor and make their feelings felt.

See you on Monday Marky Boy it's finally Judgement Day, and time for you to finally stop financially raping innocent elderly Australian investors...
 
Less than 48 Hours

Less than 48 Hours before the official execution of Equititrust and before the dominos start to fall towards McIvor...

Media will be lining the court tomorrow to report on this spectacle.

McIvor, you have been taking our oxygen for too long and may you live in interesting times from here on in...

Obituary Column For Equititrust Tues 22 November 2011

Death by stealth and death by Blitzkrieg are one in the same.
 
mcivor has never invested $40million

it us all froth an bubble.... a decent lawyer will punch this out....d
zencorp said:
This is what Mcivor WANTS - he wants to reconvert his 40m worth of Units. It will be his saving grace!!!!!! This is why there is so much conflict between Tucker and Mcivor - Mcivor DOES NOT have the Investors at heart. He just wants to save is million dollar lifestyle which sadly will end next week with the appointment of receivers to his properties.

He is the stooge of all stooges - I have it on good account that he has transferred a number of assets to his cry-baby wife. The public examination once he is Mr Bankrupt (which will go for days) will break her down to reveal where all our money is.

Orders need to be sought to suspend Mcivors passport.
Click to expand...
 
LIQUIDATOR: DELOITTES

the crowd is gathering around the gallows

expect to see respected insolvency experts DELOITTES appointed by 4:20pm 21-11-11

Lazar is a man who means business and he will not stop until he rolls this outfit and gets his claim resolved.

Amanda Banton is on the right track as her well constructed demand on Directors of EIF shows.

DELOITTES will pursue Directors and past officers with a vigour - Mark McIvor, Wayner McIvor, David Kennedy, Sid Super..... get the lawns mowed boy... those luxury homes will soon be up for grabs!

and dont forget ASIC - they will have a raft of charges to prosecute. If I was teh Board, I would be cancelling any planned overseas Xmas holidays, in fact, cancel any overseas trips for a while.

expect realisations to be under $50M - a big drop from the fraudulently alleged $200M + loan book.

Westpac, National Bank, BOS , CBA will fight over the carcass - investors ultimate return NIL

wait till you see the side deals done by MM Holdings with borrowers of EIF.....

the sub-ordinated units juggle - cash out, bullsh-t in..... wait till the accountants get onto this lot!!!!

expect to see Ms B Jeans forced to bring fraud charges in this matter - a $12.5M is too big a hit for anyone to bear - even a prior prospective mother-in- law.

Equititrust's choice of NYST LAWYERS - a well regarded criminal law firm - speaks volumes as to where the company sees its exposure.

Very respected STACKS have shown that some people are able to rise above personal short term self-interest and say 'no thanks' - speaks volumes in my view. I have dealt personally with Ray Stack - he is an absolute gentleman and no man's fool.
 
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