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Equititrust?

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RE: MAINSTREET HAS LEFT THE BUILDING

It was interesting to watch over a coffee across the road from the"Fuher's Bunker" the "MainStreet Boys" leaving the ground floor rear office of the Equititrust Building.

I guess this company is the latest victim of McIvors "deceptive practices" and false promises.

By the look of the size of these guys, I don't think McIvor should challenge them as they look like they can handle themselves and from what my inquiries tell me, they are "seasoned commercial campaigners" and more than a match for Mark McIvor and his stooges he calls "Directors" !

Another one bites the dust for McIvor. Turned another Friend into a Foe ; this time I am told, a "formidable" one!
 
In terms of ASIC it does seem that McIvor keeps agitating, and provoking, little does he know that he has a tiger by the tail this time...

In terms of a new RE delusional in the extreme... Insurance is needed and ASIC will intervene again...

The new RE will not happen...
 
Is the delusional proposed appointment of a new RE an attempt to somehow thwart the receiver David Whyte from BDO...
 
Who is funding the day to day operations of Equititrust??? One would assume that all bank accounts and money contained therein would revert to the receiver...
 
Receiver David Whyte BDO

It will be interesting to see whether the receiver David Whyte is offered the full cooperation of the dynamic McIvor Duo who have both squandered retiree investors money and at the same time enjoyed a champagne lifestyle as a result of doing so...

Sick delusional people with no shame...

The current board of morons will be gone by Christmas...

Adiós Amigos
 
hi SPECTRE

I am told that McIvor's whole strategy was based on a JV with respected but cash strapped Mainstreet investments... McIvor promised and could not deliver. Greg Hannan the CEO is not happy.... and the email traffic is flying... and McIvor's treachery is now caught out.... again
 
Another relationship bites the dust... How many enemies can one man make ?
 
Honeyman

Will Equititrust confirm the Honeyman they have got is the Moneyman that ASIC NABBED a few years back ??

If it is then I guess beggars can't be choosers when it comes to board talent...

Who is next Mathew Perrin his ex neighbor ??? Then on the website he will be described as having a stellar career at Billabong...

Give us all a full resume of your board appointees not selected deletions of past malfeasance. What else would you expect from McIvor... problem is in today's world of technology all of his remains in the record forever...
 
Bank Action

Look out for bank enforcement action in the coming weeks as Commonwealth, NAB and Westpac finalise talks with ASIC Appointed receiver David Whyte from BDO.

Equititrust is now a shell with the life source sucked out of it with no value whatsoever... The machinations of three decrepit directors now installed will make no difference to the banks who are secured...
 
Colin Kruger and the SMH

Full credit to Colin Kruger for jumping onto this story when he did, otherwise many other innocent Australian's would have been hurt by McIvor...

Now its time to ban McIvor ,Kennedy and Tucker from the Financial Services Industry for good...
 
Re: Honeyman

From Information being bandied around the Financial Sector, it is this very SAME man who is heading up the CRC and “new Guardian Trust Mutual” sectors as well.......so much for a “respected” Director regime to “replace” the last “respected Equititrust & Landsolve debacles” !

No Trust said:
Honeyman are you the Moneyman banned by ASIC ?
Click to expand...
 
Re: Equititrust Limited Fund Deeds?

Has “anyone” checked the various Fund Deeds that would “allow” such exhorbantant “fees” to be charged by the Equititrust Limited RE over and above the levels of returns paid to Unitholders of the very same funds ?...........let alone that Unitholders returns have been “frozen” for a number of years YET the “fees” to Equititrust Limited have continued on in the process .......how does that work ?
 
Re: Equititrust Fees

QUESTION: There does not appear to be ANY qualifications by the Fund Auditors KPMG regarding the issue of “fees” to Equititrust let alone any queries of conflicts in any dealings between “associated” parties such as MM Holdings Pty Ltd and/or Mark McIvor and Equititrust Limited..............how does that work in an Audit process or is it possible that the “association” between Directors of Equititrust Limited and KPMG “over rides” any such “conflicts” or Audit testing ? Have the Authorities involved to date been watching this happen?
 
Re: EQUITITRUST - MARK McIVOR PROPERTY PORTFOLIO

QUESTION: It would be interesting to see upon a forensic examination of the Property Portfolio of Mark McIvor, his Company MM Holdings Pty Ltd and what has been “passed over” to his wife Stacey and possible their family as to whether they represent “Assets” that at some time formed “part” of the Funds and just “happened” to be so transferred in the “dealings” with Borrowers in lieu of, or reduction of their indebtedness to Equititrust Limited; to the “betterment” of ONE Unitholder (Mark McIvor) as opposed to ALL the other Unitholders ?
 
Re: ATO and EQUITITRUST FEES - PAYMENTS TO McIVOR

QUESTION : How has the ATO viewed the “massive fees” charged and PAID to Equititrust Limited and then down to its SOLE Shareholder MM Holdings Pty Ltd (Mark McIvor) or has such information been passed through to them via income Tax Returns ; maybe they have been with held in the same light as overall Unit Holder Distributions ?

..........where are the external Auditors and Accountants in that regard........maybe just as silent as the Unit Holder Distributions and the “underlying” deals done that the Equititrust Board seems to be so “unaware” of as they say...........must be in same light as such Bank Cross Collaterisation that the SAME Equititrust Limited Board reports to having been unaware of from the past ?
 
Re: Equititrust Used As Security - McIvor Property Acquisitions

QUESTION: How does the Equititrust Responsible Entity (RE) and the very Trustee of the ETL Funds “offer” itself and by default, the Fund assets, as “security” for “personal Loans by Mark McIvor to enter into Loans to cover Tax Schemes he entered into on a “personal level” , funded by one Grant Park (Capital Group Melbourne) and he (Mark McIvor) then granted a Fixed & Floating Charge over Equititrust Limited in the same fashion as the Banks ; and the then Board of Equititrust approved this? (or did they) ..........and the Auditors questioned nothing of this ?.....................hope both the Equititrust Board and Auditors have adequate Professional Insurance Cover and the relevant Authorities, Receiver, upcoming Liquidator and Piper Alderman do their homework in this aspect as well as regarding the McIvor and his company Property Portfolios !!
 
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