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Equititrust?

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Re: EVERYONE NEEDS TO DRAWER A DEEP BREATH....

I think you are 100% right. But I don't trust justice or ASIC or any Government. Especially not a Queenslander. Maybe the media should be involved a bit more, if they are not already paid by the Mc Ivor's...
Let's hope for the best :).
 
Media Efforts

What is undeniable is the fact that the Federal Police and ASIC have raided Equititrust's Offices and are conducting an investigation. These recent developments in this mess have garnered further Media attention and will lead to more scrutiny by the Media looking for answers that investors have not been given... Such as the end of year financials ... Where are they??? To date investors have not been given a thing and are being treated with the utmost indifference whilst the parties who have caused this mess get upset about the unwanted attention they are now receiving from both the media and statutory bodies... To be quite frank the protagonists and opportunists who have immersed themselves in this disaster as directors, advisors etc to the detriment of every innocent retiree investor have only themselves to blame and no one else... Simple fact is a HUGE amount of money has been lost..

Australia is a free country, which allows free speech and when investors have been burnt in the manner in which they have here don’t expect people to just sit back and take it on the chin... When in Excess of 150M is lost if not more on what the Sydney Morning Herald as described as dubious loans to dubious individuals then expect people to get ANGRY and to be looking for answers from the people involved.

Piper Alderman's letter on the 11th of November 2011 encapsulates what happened to investors at the hands of Equititrust...
 
Re: Media Efforts

mate - we all agree with you.

BUT we just all have to be careful.....

TRUTH in itself is no defence and thsi web site is not set up as a wailing wall for us to vent our anger.

It gets shut down and freedom of speech will be denied us all

No Trust said:
What is undeniable is the fact that the Federal Police and ASIC have raided Equititrust's Offices and are conducting an investigation. These recent developments in this mess have garnered further Media attention and will lead to more scrutiny by the Media looking for answers that investors have not been given... Such as the end of year financials ... Where are they??? To date investors have not been given a thing and are being treated with the utmost indifference whilst the parties who have caused this mess get upset about the unwanted attention they are now receiving from both the media and statutory bodies... To be quite frank the protagonists and opportunists who have immersed themselves in this disaster as directors, advisors etc to the detriment of every innocent retiree investor have only themselves to blame and no one else... Simple fact is a HUGE amount of money has been lost..

Australia is a free country, which allows free speech and when investors have been burnt in the manner in which they have here don’t expect people to just sit back and take it on the chin... When in Excess of 150M is lost if not more on what the Sydney Morning Herald as described as dubious loans to dubious individuals then expect people to get ANGRY and to be looking for answers from the people involved.

Piper Alderman's letter on the 11th of November 2011 encapsulates what happened to investors at the hands of Equititrust...
Click to expand...
 
PIPER ALDERMAN - well done

Piper Alderman's letter on the 11th of November 2011 encapsulates what happened to investors at the hands of Equititrust...
 
MM HOLDINGS: Receiver: now you see him, now you dont....

take a hypothetical case...

1. Company enters into arrangements with someone to sell a property to them - maybe to keep their bankers quite; maybe get some other commercial arrangements.... one of a number of benefits....

2. Things dont work out

3. Company/vendor wants to squirm out of the Contract

4. Purchaser trying to enforce the Contract

5. Company/vendor appoints a Receiver for 5minutes - the company is under 'external administration' with implied insolvency - almost all Sales Contracts are terminated in this event -

6. Receiver terminates the Sales contract.....

7. Receiver then withdraws

8. Company is restored to good health - just as if nothing happended!

9. Voila! Sales Contract is at an end :mad:

10. Purchaser: get on your bike! you have been dumped. Welcome to the Gold Coast! :banghead:
 
Receiver to MM Holdings Pty Ltd

A receiver to MM Holdings for one day... Seriously ASIC has to do something about the games that are being played here... Now isn't MM Holdings the major shareholder in Equititrust ???

Corporate ping pong whilst investors sit and suffer on the side lines...
 
Piper Alderman

For any investors who have not contacted Piper Alderman , the latest machinations with receivers seem to be the last straw in what has a been a saga at the expense of innocent retiree investors... The game that is being played out now is one of corporate survival and not one serving investor's interests in any way...

If you are an investor contact Piper Alderman and get their side of the story...
 
End of Year Finacials

Who will complete the end of year financials ??? The receiver David Whyte or KPMG ???
 
Equititrust Financial Services License Suspension

Equititrust Financial Services License Suspension Where is ASIC up to with this matter...
 
EQUITITRUST and LAZAR

I have now read the LAZAR matter. On teh face of it, it would appear that the matter has ended with LAZAR agreeing to pay the costs.

However,having heard about this matter and Lazar, I say that is veyr veyr unlikley that he lost this matter.

My view is that he consented to this as an orderly withdrawal and that as the matters are also being run in Qlsd, that he and Ms Jeans (the supporting creditor) will jump onto the back of those proceedings and add weight to that process.

I would expect that we have not heard the last of either WINDSOR TURF or Bee JEANS.
 
Court Proceedings

McIvor had another rant in the Gold Coast Bulletin today basically saying the Piper Alderman Class action had no merit and that it had been mooted since March. Well Class actions take some time to organise and obtain funding.. But why would Piper Alderman jump into proceedings whilst the chaos was unwinding... They have made their move at the most opportune time...

Unlike the manner in which Equititrust was managed Piper Alderman have taken a careful and conservative approach... An approach that Insurers have taken so seriously they refuse to insure Equititrust.. Thats a hard fact that is undenialble. The class action funding which has been agreed to is also an undeniable fact...

Rants and finger pointing mean nothing, the fact is that the funds are in receivership and ASIC appointed receiver David Whyte will uncover the truth and report all findings to the regulator and concerned authorities...
 
GOLD COAST BULLETIN - best promotion you can get!

The Courts will determine the merits of the Poper Alderman case.

I think that Mark needs to settle down and smell the cofee for a moment...

Investors get involved in class actions as their last resort. Lazar and pthers may have other gripes and agendas - who knows, only time will tell. But investors want to be treated fairly, honestly and openly - and by any analysis, this whole EQUITITRUST fiasco over the past 12 months, has been a terrible expreience....


So as a desperate last resort, they do the only thing that seems to be avaialable to them.

Now, when the Police and ASIC jump in with search and seizure warrants etc, one forms the view that the situation must be desperate and serious to warrant that sort of action.

Or am I missing something?


No Trust said:
McIvor had another rant in the Gold Coast Bulletin today basically saying the Piper Alderman Class action had no merit and that it had been mooted since March. Well Class actions take some time to organise and obtain funding.. But why would Piper Alderman jump into proceedings whilst the chaos was unwinding... They have made their move at the most opportune time...

Unlike the manner in which Equititrust was managed Piper Alderman have taken a careful and conservative approach... An approach that Insurers have taken so seriously they refuse to insure Equititrust.. Thats a hard fact that is undenialble. The class action funding which has been agreed to is also an undeniable fact...

Rants and finger pointing mean nothing, the fact is that the funds are in receivership and ASIC appointed receiver David Whyte will uncover the truth and report all findings to the regulator and concerned authorities...
Click to expand...
 
Federal Police and ASIC

When The Federal Police and ASIC raided the Equititrust Offices what signal did that send to investors... To try and ignore this and the fact that a receiver has been appointed to the income funds is delusional. Bad loans and very bad decisions were made causing massive investors losses... Who is to blame for that???

When ASIC has to come in and appoint receivers to clean up a disaster that has been out of control there is no coming back from that...
 
Re: Media Efforts

kostag said:
mate - we all agree with you.

BUT we just all have to be careful.....

TRUTH in itself is no defence and thsi web site is not set up as a wailing wall for us to vent our anger.

It gets shut down and freedom of speech will be denied us all
Click to expand...


I dont agree with this statement,

Truth is a very powerful legal defense against libel or defamation.

If it can be shown the matter is also in the public knowledge or interest, it is complete.
 
AWG I agree with you totally... The legislative enactments as detailed below in 2006 are clear as to their intent. This matter is well and truly in the public interest and the Public Domain . In a similar fashion to politicians the performance of the participants who have chosen to get involved through "their own volition" is reported on and discussed in both the national media and at the water cooler.
Now the Sydney Morning Herald cannot be accused of reporting on something that is not in the Public Interest can they... With investors losses in excess of $100M + and Statutory End of year Financials not completed, Federal Police/ASIC raids , Receivers appointed etc etc this has not been put into the Public Domain by the media, all the media is doing is reporting on this train wreck. Gobsmacked and shell shocked investors are doing the same and this Freedom of Speech enshrined in amended legislation in 2006 is part of what makes this country great...



No Trust said:
There seems to be a severe sensitivity by Equititrust and or its supporters / employees to the reporting by the media on various issues. The fact that, what is in the public space, is discussed and referred to on this forum is called free speech and it is legal to do so..

The same applies to reporting in the media. If the company has any issues with the accuracy of stories published the publisher can be asked to correct or retract the story.

The frequency of media articles relating to the company in recent months is what has precipitated the "public's interest" and vigorous discussion on this thread which the Equititrust and its staff have participated in.. When a company raises money from the public "it is in the public interest"..

As the moderator correctly states, "if anyone has grounds to believe a specific post is false or misleading, please avail of the post reporting function to draw it to the attention of our moderators". That option is open to everyone..

It seems that “Robin” does not have a grasp of the Uniform Defamation Laws enacted across Australia in 2006 which effectively enshrines the right to free speech which is afforded by this web site..
Click to expand...
 
LAZAR AND MAINSTREET

dont believe for a moment that LAZAR has gone away. With solid proceedings on foot, why would he run a case in the Federal Court and have anotehr case running in Qlsd which might serve his end? He is too smart a bsuinessman for that. Pay a few costs and agree to fold..... retreat from battle... but win the War. Better strategy than some stupid theory about Roman arches.

With MAINSTREET, Mr Hannan is a very tough, skillful and determined fellow. If he feels wronged, which I am sure that he does, there will be hell to pay. From what I understand his very credible business platform has been put at risk by Equititrust antics and serious consequences are underway.

Watch the Fairfax press for more on this one.
 
Blitzkrieg

Death by Blitzkrieg and death by stealth are one in the same... One would assume that both are being employed in this instance.
 
Re: Landsolve Partners New HQ

We have it by reliable authority that Mark McIvor, as per his advice to the current Tennants, desires vacant possession of this dwelling at 15 Anembo Street, Chevron Island for the purposes of it becoming the new Headquarters for Landsolve Partners (see photo 1)

It is interesting to note that this property is next to "the Bunker" at 65-67 Thomas Drive, Chevron Island, being the curent Equititrust Limited building (see photo 2).

Perhaps this may be the new family home in the future?
 

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Delusion

And the Delusion Continues... More importantly WHY is McIvor sending Newletters out to investors... Isn't it time the receiver and ASIC put a stop to this. McIvor is no longer in control of the funds... He has to remember ASIC apppointed a receiver to the funds, David Whyte is in control now...
 
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