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Equititrust?

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Still in business....

McIvor has been spotted about with the Main Street Investments people who still use the Chevron Island bunker. But all is not rosy there right now either. McIvor's rebirth using Hannan's respected model won't get off the ground.

David Kennedy knows he is being blamed for the current situation and isn't happy.

The insane mini-bank model of Trust Capital Mutual etc is a joke to all except mad max.

the nuclear devices (as Madoff called them) are all starting to go off BUT at ASIC... not what he had planned.

respected borrowers who Mad Max thought were in the inner circle are simply biding their time and
hedging bets

trouble is, when you 'do the dirty' on everyone... partners, employees, family....you run out of people. when you lose yr hold and your power base, you become very vulnerable.... you can't hoover up everyone around you. it will cost more than a round if drinks this time.
 
'Klink' might not be happy...

It has been said by some, He may well be seen as the architect behind the Landsolve farce... And possibly the ill fated plan of paying banks out in full.. And changing the structure from units to shares.. which would have given investors no say at all.. And no rights to any distributions..

I also hear, He will not be happy about the big shows change in stance on his previous dealings in another life..
 
Certainly KLINK is not the favoured son any more....

we all saw the amateur stunt to switch DEBENTURE UNITS to SHARES as a complete financial castration of UNIT HOLDERS rights, no matter how beguiling it may have looked.

That is where Mad MAX started to talk to MAINSTREET INVESTMENTS about their ASX listed shell and aspirations.

MAINSTREET latched onto McIVOR promises of Cash support and he got some 19.9% of the deal and we are told very very reliably has sold some of his properties including the FUHRER BUNKER to Mainstreet with a sale/settlement set down for 6-12-11. Maybe then its off to fairer climes? He tried to do a 'Peter Voss' on the boys.

Then tried to hoover up all their IP, branding etc and key people.... until his hot coffee got spilt into his lap - nearly wrecked his IPOD.

Re: KLINK's prior life as an architect at that other financial rorting, MFS - CharlesDarwin, I assume you refer to ASIC etc and the fact that they may see KLINKs role at EQUITITLOST as a systemic continued process of INVESTOR LOOTING AND RAPE.

Even those who turned a BLIND EYE will not be spared..... right down to EXECUTIVE STAFF and ACCOUNTANTS etc - if you know something is wrong, you cannot just sit and do NUTHINK and blame the TOPMAN..... the Nuremberg War Trials showed us that accountability flows to all levels.... Mein Fuhrer, Kolonel Klink, SUPERman the Numbers man; the whole lot will have their B-LLS absolutely on the block.... Banton and ASIC will not stop with this one

Just wait for 4CORNERS on this one......a $200M complete write off, this will be one of Australia's worst in terms of percentage write off!

there are plenty of 'squealers' beating a path to ASIC's door right now.... trouble facing MEIN FUHRER is that he has stuck it to so many, that he has no IDEA who is leading the charge and who is saying what to whom.... he just has to sit it out in Mein Fuhrer Bunker and wait for the knock on the door.....











Charles Darwin said:
'Klink' might not be happy...

It has been said by some, He may well be seen as the architect behind the Landsolve farce... And possibly the ill fated plan of paying banks out in full.. And changing the structure from units to shares.. which would have given investors no say at all.. And no rights to any distributions..

I also hear, He will not be happy about the big shows change in stance on his previous dealings in another life..
Click to expand...
 
Bad Luck

If bringing MFS Kennedy on board was a bad Omen bringing his wife stacey on board is akin to bringing a cat aboard a ship... Oh hang on the ship is already sinking...

Keep up the delusion ol boy, the hair is just gonna get whiter... Is it just me or is McIvor a ghost of his former self...
 
Look out for more legal action

There will be more attempts to wind up Equititrust very soon. It will then get to a point where one of the creditors will support the action and a liquidator will be appointed...
 
New Board

New Board of what ??? Are they hoping the receivers of the funds will employ them ??

Its a joke right

A new advisor joining soon "King Con" ... Why not McIvor will try anything...

Who is funding this farce... Oh thats right the money rorted from Investors in mismangement fees

Is Ross Honeyman insane or in desperate need of a job...

Anybody want to lay some bets as to how long this board will last


http://www.equititrust.com.au/Pdfs/Disclosures/Disclosure_Statement_24_11_2011_Board_Changes.pdf
 
Honeyman

Is this the same Ross Honeyman???

Will the real Ross Honeyman please stand up

http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/017029115.pdf/$file/017029115.pdf
 
LAZAR HAD THEM IN COURT THIS MORNING....

I think that McIVOR is still trying to get a new RE settled and ofcourse beign in charge again now - will be working to convert his worthless SUBORDINATED UNITS to ordinary units like all the other poor losers etc so that even if there is 10cents in the $, he can try and grab a couple of million......
 
New RE

McIvor will never get control of the funds again, nor will he be allowed to raise anymore money from the Australian Public...

In terms of the conversion he has "NO CHANCE" whatsoever and that is coming from very credible and reliable sources...
 
McIvor and Quinlivan in the Witness Box

Isn't it about time to get the Architects of Equititrust's demise in the witness box...
 
What Staff are left at EquitiRust

Who is left in the offices of EquitiRust...
 
Re: McIvor and Quinlivan in the Witness Box

we should remember in regard to Mr Quinlivan - he has done nothing wrong.

His reputation wasn't exactly kept secret

He submiited a finance proposal to McIvor - that's his job

McIvor was/is meant to check it all out etc - then lend the money - that's his job

Now, whilst we would like to think that Quinlivan's deal was soundly based and that he could repay it - he would probably argue that its end value and ability to repay was predicated on the financier's ability to bankroll the project compeletion -

this is then where McIvor failed - on a number of fronts.

If McIvor and or his company put it on Quinlivan to pay some huge fee etc to MM Holdings or anyone else for that - Quinlivan would simply do what was asked of him..... his main job being to get the money.....

We all need QUINLIVAN to co-operate and tell us all what happended, so that we can then see if this was (as it seems) reckless, imprudent lending - or perhaps , worse....







No Trust said:
Isn't it about time to get the Architects of Equititrust's demise in the witness box...
Click to expand...
 
Who is Peter Voss and who are "the boys"?

kostag said:
Certainly KLINK is not the favoured son any more....

we all saw the amateur stunt to switch DEBENTURE UNITS to SHARES as a complete financial castration of UNIT HOLDERS rights, no matter how beguiling it may have looked.

That is where Mad MAX started to talk to MAINSTREET INVESTMENTS about their ASX listed shell and aspirations.

MAINSTREET latched onto McIVOR promises of Cash support and he got some 19.9% of the deal and we are told very very reliably has sold some of his properties including the FUHRER BUNKER to Mainstreet with a sale/settlement set down for 6-12-11. Maybe then its off to fairer climes? He tried to do a 'Peter Voss' on the boys.

Then tried to hoover up all their IP, branding etc and key people.... until his hot coffee got spilt into his lap - nearly wrecked his IPOD.

Re: KLINK's prior life as an architect at that other financial rorting, MFS - CharlesDarwin, I assume you refer to ASIC etc and the fact that they may see KLINKs role at EQUITITLOST as a systemic continued process of INVESTOR LOOTING AND RAPE.

Even those who turned a BLIND EYE will not be spared..... right down to EXECUTIVE STAFF and ACCOUNTANTS etc - if you know something is wrong, you cannot just sit and do NUTHINK and blame the TOPMAN..... the Nuremberg War Trials showed us that accountability flows to all levels.... Mein Fuhrer, Kolonel Klink, SUPERman the Numbers man; the whole lot will have their B-LLS absolutely on the block.... Banton and ASIC will not stop with this one

Just wait for 4CORNERS on this one......a $200M complete write off, this will be one of Australia's worst in terms of percentage write off!

there are plenty of 'squealers' beating a path to ASIC's door right now.... trouble facing MEIN FUHRER is that he has stuck it to so many, that he has no IDEA who is leading the charge and who is saying what to whom.... he just has to sit it out in Mein Fuhrer Bunker and wait for the knock on the door.....
Click to expand...
 
Re: New RE

How did McIvor build up some $60 million in personal property assets held in his company from a salary from Equititrust?

Who controls his personal company now and how does he intend to pay the interest on his mortgages?

Is this why he has fought so hard to get back in control of Equititrust? But that company is merely a Trustee of the Funds and by good authority has five Debentures over it from Bnks and Others? So does he think he will be able to access funds from Equititrust to use to pay his interest bill?

Oh bye the way, who is paying the legal bills? Equititrust? and if so from what income? Has there been a report to Unitholders on asset sales or debt recovery in the last weeks? Where is the CEO Troy Bingham through all of this, America I am informed on personal business unrelated to Equititrust. I would have thought the CEO would "Cuddle" the Unitholders closer and provide weekly reports, after all that was why McIvor employed him. Come on Troy, Show Us The Money!

Will this Receiver make any difference as it appears from the Court Orders posted yesterday that the Receivers fees are paid first, so I guess McIvor has been beaten to the gun again.

Has McIvor set up his new Reaponsible Entity yet? If so what does that mean to Unitholders or are we to see him try and "Manage the dirt" in another

No Trust said:
McIvor will never get control of the funds again, nor will he be allowed to raise anymore money from the Australian Public...

In terms of the conversion he has "NO CHANCE" whatsoever and that is coming from very credible and reliable sources...
Click to expand...
 
Welcome SPECTRE and good to see some new talent....

good questions and , sadly, in most cases, I think the answers are obvious..... and none of it is good for us.


SPECTRE said:
How did McIvor build up some $60 million in personal property assets held in his company from a salary from Equititrust?

Who controls his personal company now and how does he intend to pay the interest on his mortgages?

Is this why he has fought so hard to get back in control of Equititrust? But that company is merely a Trustee of the Funds and by good authority has five Debentures over it from Bnks and Others? So does he think he will be able to access funds from Equititrust to use to pay his interest bill?

Oh bye the way, who is paying the legal bills? Equititrust? and if so from what income? Has there been a report to Unitholders on asset sales or debt recovery in the last weeks? Where is the CEO Troy Bingham through all of this, America I am informed on personal business unrelated to Equititrust. I would have thought the CEO would "Cuddle" the Unitholders closer and provide weekly reports, after all that was why McIvor employed him. Come on Troy, Show Us The Money!

Will this Receiver make any difference as it appears from the Court Orders posted yesterday that the Receivers fees are paid first, so I guess McIvor has been beaten to the gun again.

Has McIvor set up his new Reaponsible Entity yet? If so what does that mean to Unitholders or are we to see him try and "Manage the dirt" in another
Click to expand...
 
Piper Alderman - Amanda Banton

It must be excruciating to have to keep the Piper Alderman letter on the company website for all to see...

Of more importance now however is whether Equititrust has a FSL any longer...
 
EQUITITRUST: NEW BOARD: HONEYMAN

would the real ROSS HONEYMAN please stand up?

Given the undertaking made to ASIC (my highlighting in RED) this cannot surely be the same guy.



03-408 Commercial Nominees directors removed from securities industry

Thursday 18 December 2003


The Australian Securities and Investments Commission (ASIC) has banned two former directors of Commercial Nominees Australia Limited (CNA) for three years and gained enforceable undertakings from two other former directors that they would not be involved in the financial services industry for five years.

Mr Anthony Hall and Mr Andrew Skinner were banned from doing an act as a representative of a dealer or an investment advisor for three years.

Mr Carl Hanich and Mr Ross Honeyman entered into enforceable undertakings following an ASIC investigation. Both have agreed to refrain from acting as a representative of a securities dealer or an investment adviser and have agreed not to manage or become an officer of any corporation that is a Licensable Entity. Mr Hanich is permitted to perform a limited range of functions as agreed with ASIC.

Mr Hanich and Mr Honeyman were also directors of Flinders Asset Management Limited, former manager of the Confidens Investment Trust, a fund regulated by ASIC, whose members lost more than $2 million invested in the Enhanced Cash Management Trust, an unregulated trust fund operated by CNA.

ASIC had previously successfully applied to the Supreme Court of New South Wales for the appointment of a receiver to the Confidens Investment Trust, who recovered more than $15 million, which has been returned to investors.

The full terms of the enforceable undertakings can be viewed on ASIC's web site at www.asic.gov.au.

End of release
 
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