Australian (ASX) Stock Market Forum

Equititrust?

Status
Not open for further replies.
Jump to new
Re: Landsolve Partners New HQ: going into dog breeding?

there is also strong talk that this property has some connection to dogs and dog breeding and this in turn gives some connection to businessman, Ian Lazar, whose own dogs were taken....

Watch this space as this issue is going to blow up and embarrass a few.


SPECTRE said:
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?
Click to expand...
 
MAINSTREET INVESTMENTS

there can come a time in everyone's life, when you just tread on the wrong set of toes..... in this case, you can tread on too many pairs of toes.....

Ian Lazar
Greg Hannan

both are developing a full head of steam and will not be deterred.

The great delusional one now has NYST LAWYERS and LEVITT LAWYERS covering the rear from an attack.

Greg HANNAN is now fully engaged and determined. With staff being evicted from rented houses and threats a'plenty..... what is coming down the line here makes BORROWERS allegations and attacks look like a Xmas party.

Ofcourse both ASIC - who are busy taking complaints, submissions and interviewing - and PIPER ALDERMANN, have not even started yet.

ANEMBO STREET is where the action is.
 
The End

The end...It has been for a long time... Yet some delusional characters joined at the hip by nuptials believe that directors resigning by the dozen, receivers being appointed to both income funds and losing hundreds of millions of dollars of innocent retiree investors money is but a passing annoyance... Reality will bite soon enough...
 
MAINSTREET INVESTMENTS

no pun intended... But the next action will be in the Main Street. When Greg Hannan and Leif Skipper outline what happened to their very credible business, ASIC will have a whole new yet consistent dimension to this saga.

Talk of 'brothers' , reptiles, nuclear device divisions... Will alarm BUT give the journos and other media a field day.
 
Re: Equititrust Limited Undertaking To Capitalise MainStreet - Shares To MM Holdings

There has been a lot of talk about “MainStreet Investments” as Members in this Forum call it and Mark McIvor’s interest in this company since January this year. For clarification we have researched this chapter in the McIvor, Equititrust saga and what roll Mark McIvor had planned for the MainStreet Group and specifically its Director. Unfortunately, Mark McIvor did not count upon the dogged tenacity of this company’s Founder and Chairman, Greg Hannan.

The following information comes from standard documents offered by this public company and their web site at www.mainstreetmoney.com.

MainStreet Investments as called in this Forum, is a public company MainStreet International Group Limited (“MainStreet”), incorporated in 2003 by its Founder, Greg Hannan. This company is a Internet Information Technology company specialising in eCurrency transactions over the Internet and Smart Phone Applications (Apps). As a public company, MainStreet has approximately 300 Shareholders and a number of Members to its Business Club called “Club MainStreet”, these documents state. This company has a capacity to work through a "Compliance Listing" directly to the ASX and has over the last few years been unsuccessful in acquiring a number of ASX Shell Companies for this same purpose. Mark McIvor expressed direct interest in assisting MainStreet with Capital Raising through Equititrust Limited and Property Assets via his asset holding company, MM Holdings Pty Ltd.

The gentleman referred to as Leif Shipper is in fact an Accountant contracted to the MainStreet public company as an Advisor for the last six years for various special projects through his company Encana Pty Ltd and is NOT a Director or business partner as suggested in this Forum above. In January this year MainStreet came to the Gold Coast to launch its eCurrency product called MainStreet Money a Trademarked product brand. Mr schipper was asked by MainStreet’s Director about Equititrust and the building or “bunker” on Chevron Island as MainStreet was seeking office space. Mr Schipper searched Equititrust and saw the name Mark McIvor and stated that he has conducted separate business with Mark McIvor in Arizona in the USA. An appointment was set up for Mr Hannan to meet Mark McIvor in late January 2011.

This new referred business meeting led to Mark McIvor requesting details and documentation on MainStreet and its MainStreet Money product from Mr Hannan which Mark McIvor saw as a “Banking Application”. By the 28th February 2011, after a number of meetings in Mark McIvor’s Equititrust office in “the Bunker”, Mr Hannan requested that Mark McIvor execute a Non Disclosure Agreement and Non Circumventure Agreement due to the weight of corporate and product information documents tendered to Mark McIvor.

We have been told and can confirm via these documents we have been afforded for confirmation to the Forum, that the essence of the meetings between Mark McIvor and Greg Hannan related to MainStreet seeking new office accommodation to launch its products and also to seek new Capital Investment to drive MainStreet into commercialisation after many years of software development. IMPORTANTLY, After a number of meetings and undertakings via agreement, Mark McIvor executed in his own handwriting on Equititrust stationary, his undertaking to raise the required CAPITAL that MainStreet was seeking in the amount of $250,000 as consideration for Ordinary Shares in MainStreet International Group Limited, thus forging the commercial relationship between Mark McIvor, MainStreet and MM Holdings Pty Ltd. It is interesting to note here, that Mark McIvor used EQUITITRUST LIMITED stationary to consummate the AGREEMENT with MainStreet and we assume that Greg Hannan assumed that he was dealing with Mark McIvor as a Director (which he was at that time in January/February 2011) of Equititrust Limited. Email correspondence between Mark McIvor and MainStreet’s Chairman show comments from Mark McIvor to him, that; “This capital is just a round of drinks”. This is another example as to how Mark McIvor presented himself to new prospective business “Partners” as he calls them and entices them into his acquisition or investment / control by way of him using the then CREDIBILITY of Equititrust and his position within it as a Director/Founder.

It appears from these documents that a total amount of $75,000 was paid to MainStreet between March and November 2011 as part consideration of a total of $250,000, leaving $175,000 of unpaid cash consideration.

This document says; a standard Share Certificate was issued electronically and in hard copy by MainStreet in February 2011, some 2,000,000 Ordinary Shares were allocated to MM Holdings Pty Ltd.

A number of new questions now beg answers:

1. If Mark McIvor used Equititrust Limited stationary to confirm an agreement with MainStreet and his undertaking to “raise capital”, why were the MainStreet SHARES then allocated in this Share sale deal to the McIvor holding company MM Holdings Pty Ltd?

2. Were Equititrust Fund Members ever going to benefit in any way from the acquisition of $250,000 or 2,000,000 Shares @ $.125c ?

3. What funds and from which entities, Equititrust, were used to acquire these Shares if only part consideration was ever paid to MainStreet?

4. Where will the balance of $175,000 owing by MM Holdings Pty Ltd to MainStreet for consideration of Share purchase come from, MM Holdings Pty Ltd or Equititrust?

5. If the balance owing ($175,000) remains unpaid, will MainStreet issue LEGAL proceedings and if so against who, Equititrust who Mark McIvor first represented as a Director or MM Holdings Pty Ltd where Mark McIvor nominated that the Shares were to be allocated?

The MainStreet / McIvor story is unfolding and it is easy to see that MainStreet and its Director Greg Hannan were used as a “patsy” behind which Mark McIvor intended to hide as he attempted to do with others before MainStreet and now new “Patsy Partners” after the MainStreet era.

More to follow as information comes to hand.
 
GOLD COAST BULLETIN (Nick Nicholls) - EQUITITRUST (McIvor) - anyone know connection

anyone reading Nick Nicholl's last 'report' about EQUTITRUST trumpeting another Equititrust court victory against Lazar - would think that Equititrust was all on the up and up!
With Police Raids; ASIC raids and major investigations; Borrowers all litigating and counter suing; Investors financially plundered; personal assets under a mountain of Bank debt; Mainstreet Investments gearing up for another major fight; print and TV media racing to see who is first to run the full expose..... what planet or time warp is the Gold Coast operating in?

How can the last Court outing be possibly construed as a win for Equititrust? Lazar wanted an external administrator in place - he git it - 100% what he wanted - the day before Lazar's last Court appearance, EIF agrees to wind up etc - so Lazar agrees to withdraw. Didn't Lazar get what he wanted? and McIvor got stuck with what he didn't want - the winding up of his honey (or should I say, money) pot?
So you can spin like a top, Nick - but you can't put positive spin on this one.

If you want to get a good true story of Gold Coast reality - why not interview Gold Coast identities..... Greg Hannan, Leif Skipper, Russel McCart, Jim Raptis, Dudley Quinlivan, David Roberts, Bee Jeans, Peter Madras..... who not past staff and family - Wayne McIvor, Sid Super, Tim James......even the poor auditors at KPMG must be reeling..... try David Kennedy.... he has plenty to tell, I'd bet.... hasn't he been set up as a patsy ???...David Tucker .... right from the inside.......hell, the list goes on and there is no shortage of good material.... lets get some balance and some reality happening....

Now, the legal defences move from commercial lawyers to lawyers such as Nyst Lawyers and Levitt and Co - who are all very competent HOWEVER tend to specialise in one area of the law..... it is all heading just one way.....

Current EIF value per unit..... well....

Mortgages value - $
less: all unsecured claims by Borrowers and others $
less: years of legals and wind up/wind down costs $
Balance: $NIL
value per EIF unit NIL

Come on Nick.....
 
Board of Directors

The Equititrust Link on its website - to its board of Directors seems to be broken... A bit like Equititrust...
 
Re: Board of Directors

There have been sooo many changes to the Board, that they are trying to develop a system where they can pick people at random and give them a run for a day or day....

one thing is for sure, the Board members come and go so quikcly, they dont get a chance to get BORED do they (no pun intended)......

No Trust said:
The Equititrust Link on its website - to its board of Directors seems to be broken... A bit like Equititrust...
Click to expand...
 
MAINSTREET INVESTMENTS - what's the status

anyone know what is happening on this aspect? This is very contemporary stuff and I suspect will be the final nail.....
 
MAINSREET BITES BACK AGAINST McIVOR, EQUITITRUST, MM HOLDINGS & ORS

In relation to the “contemporary" nature of the McIvor / MainStreet saga, these events detail Mark McIvor’s modus operandi and history in his dealings with a number of entities including:

TRUST MUTUAL LIMITED - Mark McIvor “Partnered” with one, Ross Honeyman the Managing Director of this company and paid Mr Honeyman $8,000.00 per month plus office accommodation on the ground floor of the Equititrust Limited building at 65-67 Thomas Drive, Chevron Island – “The Bunker”. This document, dated 22nd February 2010 says, DNA Partnerships a joint venture between The Trust Capital Banking Group (represented by Equititrust Ltd) and DNA Mutual Limited. It further states; “This strategic plan is to be developed into a commercial implementation plan for the capitalisation of two Unit Trusts; The Financial Services Opportunity Fund and The National Capital Solution Opportunity Fund, in order to support the Co-operative Research Centre for Regional Innovation.

Is this then new business touting the Equititrust Limited name and participation Directed by the same Ross Honeyman that was Banned by ASIC in 2002 from being involved in any Financial Services business (see other support comments in this Forum). It is clear from this document, albeit in 2010, that even at that point in time, Mark McIvor was planning and funding the development of new Brands, new Funds and using Equititrust Limited then credibility, as a staging point to attract new participation and new entities and their Brands to “hoover up”. What Accounting Entry Code Mark McIvor directed his Equititrust Limited staff to use for payments made to Ross Honeyman / Trust Mutual and Ors and under what internal ETL justification for Unit Holders ?

It would be interesting to note whether such “discussions” that would amount to a “significant event” were even tabled at Board Level and so advised to Unitholders in the Company Continuing Disclosure Statements !

WHOLESALE INVESTMENT PROPERTY AUSTRALIA (WIPA) – Our information shows that Mark McIvor via Equititrust Limited acquired a 50% Shareholding allocated to his company MM Holdings Pty Ltd as we understand ; it appears that such “holding” was on behalf of Equititrust Limited and if so, how was it documented, consideration paid, Unitholders advised ?. This company headed by Real Estate Agent, Gregory Morris. WIPA works with property developers to effectively coordinate the promotion and distribution of new projects to a continually expanding network of property agents and marketers around Australia and Internationally. As a licensed Real Estate Agency, WIPA becomes the Listing Agent for the developers it works with. It is stated that Mark McIvor paid $160,000 to Greg Morris for the 50% equity in WIPA. The interesting thing here is that is appears that these funds came from EQUITITRUST and NOT directly from MM Holdings Pty Ltd. The following is Mark McIvor’s own conformation by email:

**********************
Fyi. should be some synergy. visit website (Wholesale Investment Property Australia). Equititrust is a 50% owner of WIPA with it’s founder and author Greg Morris who is in my office downstairs. Good guy whose ‘done the ropes’ of property marketing including 5 years with Rapits.
Mark McIvor
MANAGING DIRECTOR
****************

The Equititrust RECEIVER, David Whyte needs to investigate this matter and establish if Mark McIvor has been using monies derived from ETL Fund asset sales to make direct payments for equity and such assets that have been allocated to his own private holding company MM Holdings Pty Ltd?

QUANTUM FINANCIAL SOLUTIONS – This company as seen at www.quantumfs.com.au was lured by Mark McIvor as a prospective Financial Services company to be “hoovered up” into his “New World” business offering and new Responsible Entity (RE) after the demise of Equititrust Limited, a fate that Mr McIvor well knew would happen since 2008 as he stated to those in his “inner circle”. The Quantum brand was targeted by McIvor and Ross Honeyman again was asked to develop “Brand Models” detailing how this “New World” Financial Services business would take over from Equititrust Limited in due course. Mark McIvor of course promised Quantum Financial Services the world and failed to perform financially, thus Quantum then joined the ranks of those and their Brands that were “chewed up and spat out by McIvor”.

eLAW INTERNATIONAL – This company based in Sydney was also promised the world by Mark McIvor, especially its Founder Alison Stanfield who became under extreme financial hardship due to Mark McIvor not keeping to his agreement and ceasing to pay agreed amounts in financial support as consideration for his equity participation. We are informed through inquiries that Mark McIvor saw this company and its acquisition as “mission critical” to support his “Nuclear Device Division” (colourful language as used by MM) which he desired to be constructed to “take on” the likes of Ian Lazar and others mentioned in this Forum of whom Mark McIvor has personal issues with and what any reasonable person would assume was a vendetta.
Of course we assume that MM Holdings was, or was to be, the beneficiary of eLaw International shares? The real question that begs to be answered by the Equititrust Receiver currently in play at “The Bunker” is did Mark McIvor use any Equititrust Limited money to pay eLaw International and if so, HOW MUCH and where are the SHARES in this company and who owns them now?

TITANIUM PLANNERS PTY LTD - Our information and inquiries tell us that well before the MainStreet boys appeared on the Gold Coast scene in January this year Mark McIvor had already “romanced” a previous “brand victim” in the guise of Titanium Planners Pty Ltd headed up by an ex NSW Policeman, Andrew Blanchet. The interesting thing in this prospective acquisition by Mark McIvor was that the BRAND NAME of TITANIUM, became Mark McIvor’s “New World” brand for his then to be new Responsible Entity (RE). More interesting was that Mark McIvor was already setting up new Brands and RE’s well prior to any public issues with Equititrust as it must have been well apparent to him (since 2008 as we believe) that Equititrust’s days were numbered. From a number of “secret meetings” taken place in the Equititrust Limited office offered to “buy out” or “hoover up” as he referred, the Titanium Group and more importantly to McIvor, its Brand which he stated was “hot”. With a new prospective Brand in play, McIvor then had his “Partner” Ross Honeyman (current Equititrust Limited Director) then a Founder of Trust Mutual an alleged “not for profit” company working in the Financial Services (see above) attend to the “Brand changes” necessary to achieve this “New World “ model to be “hoovered up” in place of Equititrust Limited ; alas, as had been the case in the past, this “New World Model” and rebranding was “chewed up and spat out” and another “so called partner” bit the dust !

MAINSTREET INTERNATIONAL GROUP – The MainStreet Company as reported above as to how this company came under the spell of Mark McIvor and their separation with “extreme prejudice” from him is the most “brand damaged” company to become a “victim” of mark McIvor’s commercial treachery. It can be seen from documents that we are privy to that Mark McIvor, AGAINST the expressed written permission of this company’s Managing Director, Greg Hannan and in contravention of both a Non Disclosure and Non Circumventure Agreement entered into on 28th February 2011 (note this is 12 months after the DNA Partnership proposal in Feb 2010), went on the REGISTER and CHANGE THE NAMES of a number of Landsolve and Equititrust Limited owned shelf companies, so named, into MainStreet orientated and named companies.

1. MainStreet Guardian Partners Limited ACN 151 178 906 – Formerly T Capital Limited an Mark McIvor / Equititrust shelf PUBLIC company

2. MainStreet Guardian Advisory Limited ACN 146 222 059 – Formerly ECG Funds Management Limited a Mark McIvor controlled PUBLIC company

3. MainStreet Commercial Pty Ltd ACN 151 179 734 – Formerly T Capital Partners Limited – a Mark McIvor controlled Pty Ltd company previously a PUBLIC Company.

4. MainStreet Wealth Pty Ltd ACN 142 501 755 – Formerly Landsolve (Glenella) Pty Ltd a Mark McIvor controlled company.

5. MainStreet Financier Pty Ltd ACN 151 181 207 – Formerly Titanium Wealth Limited - Mark McIvor controlled company

6. MainStreet Capital Partners Limited ACN 151 180 737 – Formerly Titanium Partners Limited - Mark McIvor controlled company

IMPORTANT: The above companies No. 5 & 6 being MainStreet Financer Pty Ltd and MainStreet Capital Partners Limited were formally TITANIUM named companies, the very same BRAND that Mark McIvor attempted to “hoover up” prior to MainStreet landing on Chevron Island from Brisbane to launch their Internet products. Clearly this goes to Mark McIvor’s modus operandi and commercial tactics in dealing with other companies and their brands.

At NO TIME did Mark McIvor supply to the MainStreet Managing Director when requested in writing the names or details of all or any Directors of any of the aforementioned companies. A total breach of all agreements between Mark McIvor, Equititrust and this brand damaged company, MainStreet.
 
jeez, they must be soft-hearted up on the Gold Coast.

Look what happened with Ron Medich and Michael Mcgurk down in Sydney when someone is short changed in a property deal.

I have close knowledge of a property developer with assets similar to Equititrust.

He is 185cm tall, weighs 130kg and benches 180kg.

I do know he has utilised "sub-contractors" to manage problems, although on one occassion, to my great surprise, he returned from a business meeting with a black eye and split lip.

I cant understand how this guy can still be walking around if other serious business persons have the perception they have been ripped-off ?
 
Strange Bedfellows

First McIvor lent tens of millions of dollars to "King Con" then he teams up with Ross Honeyman who was subject to a banning order... There seems to be a pattern here...
 
Further ASIC Orders 12 December 2011 - Confirmation of Bank Default

Further ASIC Orders dated 12 December 2011-Confirmation of Bank Default

http://www.equititrust.com.au/Pdfs/Disclosures/Disclosure_Statement_13_12_2011.pdf

This has gotta hurt, having to publish this on their company website... But look at how the spin has stopped and the reality has kicked in now that ASIC is in control of what they must publish...

FURTHER REVALUATION OF THE UNITS
In a further blow to investors KPMG have now further impaired the value of the units...

Its another we told you so isn't it... We predicted this a long time back, and now it seems the truth has finally come out on this disaster...

No coming back from this...
 
More Updates Of Misery

So after the last update advising of more horror devaluations of the unit price in coming weeks, now investors are advised that as a result of this crap investment that they are not eligible for the pension... Now this is an investment that only lost investors money it is now punishing them to the grave... McIvor and his dealings with the likes of King Con the magician who makes money disappear has a lot to answer for in coming Public Examinations conducted by receivers...

http://www.equititrust.com.au/Pdfs/Social_Security_Update_December_15_2011.pdf
 
QUINLIVAN's reputation preceeds him....

BUT his relevalations about his arrangements with McIvor and the money flow are going to shock us all..... he is not quite the bad guy we might all think.....

No Trust said:
So after the last update advising of more horror devaluations of the unit price in coming weeks, now investors are advised that as a result of this crap investment that they are not eligible for the pension... Now this is an investment that only lost investors money it is now punishing them to the grave... McIvor and his dealings with the likes of King Con the magician who makes money disappear has a lot to answer for in coming Public Examinations conducted by receivers...

http://www.equititrust.com.au/Pdfs/Social_Security_Update_December_15_2011.pdf
Click to expand...
 
Equititrust the Christmas Scrooge

While some will be carving Christmas Turkey in Multimillion Dollar Mansion's, retiree investors will be starring into a ruined retirement at the hands of Equititrust,.. this years Official Christmas Scrooge.

Having won the Choice Shonky Award in 2008 this year’s announcements just before Christmas that the unit price is to be further devalued and that retiree's without income cannot collect the pension as a result of this dud investment is a double kick in the guts to a lot of old people who gullibly trusted in this Gold Coast Cowboy outfit...

Maybe Equititrust and its directors, present and former, deserve an equally jarring financial present of their own... May they all live in interesting times because 2012 is going to be Nuclear Armageddon as the lid is blown off the financial dealings of this outfit of misery...
 
Re: ASIC Suspends AFS Licence of Equititrust Limited

11-306MR ASIC suspends AFS licence of Equititrust Limited

Monday 19 December 2011

ASIC has suspended the Australian financial services (AFS) licence of Gold Coast-based Equititrust Limited ACN 061 383 944 (Equititrust) for 12 months, for failing to comply with a number of key obligations as a financial services licensee. Equititrust is the responsible entity of the Equititrust Income Fund (EIF) and the Equititrust Priority Class Income Fund (EPCIF).

ASIC found that Equititrust has breached its legal obligations and licence conditions in that it failed to:
comply with its obligation to maintain at least $5million net tangible assets;
prepare and lodge annual audited financial statements and to provide annual financial reports to members of EIF and EPCIF for the financial year ended 30 June 2011; and
lodge compliance plan audits for EIF and EPCIF for the financial year ended 30 June 2011.

Equititrust is the responsible entity of EIF, a registered managed investment scheme whose primary business is lending retail investors’ pooled funds for property development and taking mortgages over the property. Equititrust is also the responsible entity of EPCIF, another registered scheme, which is dormant. These schemes are to be wound up in accordance with orders made in the Supreme Court of Queensland on 21 November 2011.

The suspension of Equititrust’s AFS licence follows earlier action by ASIC to preserve the status quo of the schemes (refer ASIC Media Advisory AD 11-238D ASIC obtains orders against Equititrust Limited for further information).

The suspension of Equititrust’s AFS licence is part of ASIC’s ongoing efforts to improve standards across the financial services industry.

‘The compliance of Australian financial services licensees with their obligations is central to the informed and confident participation of consumers in the financial services markets’, ASIC Chairman, Mr Greg Medcraft, said.

ASIC may revoke the suspension in the event Equititrust meets its legal obligations and licence conditions.

Equititrust has the right to appeal to the Administrative Appeals Tribunal for a review of ASIC’s decision.
 
Re: MM Holdings Pty Ltd atf The Chevron Property Trust ACN 010 602 507

No surprises here in learning that a Mr John Park and Robert Hutson of KordaMentha were appointed CONTROLLERS of the a number of property assets of the subject company MM Holdings Pty Ltd, a Mark McIvor propery holding company. This appointment was made on Wednesday 14th December, 2011.

Their appointment was made pursuant to a number of registered mortgage/s held by WESTPAC BANKING CORPORATION.. Specifically, the property held at 15 Anembo Street Chevron Island of which Mark McIvor intended to use to expand "The Bunker" and seven (7) others. Does not look like that will be happening any time soon.

Any further information can be obtained from Sally McBryde of KordaMentha on 07 5574 1322 or smcbryde@kordamentha.com.

It will be interesting to see who will represent other banks in securing their Mortgage interests in other MM Holding Pty Ltd properties?

Merry Christmas.
 
Status
Not open for further replies.
Top