Australian (ASX) Stock Market Forum

Equititrust?

Status
Not open for further replies.
Jump to new
Audited Financials - KPMG

Hey Marky Boy, where are the audited financials you promised the investors ???

Remember when the silver haired fox promised them by the 23rd of January 2012... Its still up on the web site for all to see... Another failed promise... So much for being the "custodian" of Public Money, at the moment McIvor is failing as the custodian of his own money with mortgagee sales piling up around him, or is that money actually investors money taken via management fees, one in the same one would conclude given the revelations by Piper Alderman and David Whyte...
 
Former Stooges who took Directors Fees

Where oh where are those brilliant former directors who took money by way of directors fees achieved nothing and ran like mad... What a disgrace ,for that kind of performance they should all humbly throw that money back into the pot and at least do something for the investors...

Don't worry you won't be forgotten and thankfully your first cab of the rank will be the Supreme Court via the Piper Alderman Class Action... Hopefully then you will feel the same pain as innocent retiree investors whose sweat and blood paid you for a failure and corporate collapse of epic and disgraceful proportions...

Great adddition to your CV's
 
Re: Tucker Legal Fees

David from BDO is Tuckers best mate. BDO is giving all the work to Tucker! Word on the street is big bucks are flying in Tuckers direction. Remember when Tucker filed to appoint a receiver - it was David from BDO he was trying to appoint!

Its all incestuousness. Job for the boys.


No Trust said:
What's happened to all the legal action against defaulting borrowers ??? Are Tuckers fees to be audited ??? Have the files been taken away from Tucker by the receiver ???
Click to expand...
 
BDO and impartiality

from what we hear WHYTE is doing a thorough job - I have not heard any suggestion of him going soft on our mate



zencorp said:
David from BDO is Tuckers best mate. BDO is giving all the work to Tucker! Word on the street is big bucks are flying in Tuckers direction. Remember when Tucker filed to appoint a receiver - it was David from BDO he was trying to appoint!

Its all incestuousness. Job for the boys.
Click to expand...
 
Re: Former Stooges who took Directors Fees

PIPER ALDERMAN will line them all up..... I suspect that the PI insurers are putting away the pennies ready for payout time to investors


No Trust said:
Where oh where are those brilliant former directors who took money by way of directors fees achieved nothing and ran like mad... What a disgrace ,for that kind of performance they should all humbly throw that money back into the pot and at least do something for the investors...

Don't worry you won't be forgotten and thankfully your first cab of the rank will be the Supreme Court via the Piper Alderman Class Action... Hopefully then you will feel the same pain as innocent retiree investors whose sweat and blood paid you for a failure and corporate collapse of epic and disgraceful proportions...

Great adddition to your CV's
Click to expand...
 
Re: Tucker Legal Fees

Zencorp, Tucker was trying to appoint David Clout as receiver last year not David Whyte. David Whyte was put forward by ASIC...

In any event due to the conflict of interest and the fact that Tucker is named as a defendant in the class action is ample reason why alternate lawyers need to be appointed... If BDO don't see this then there is no hope of achieving anything...


zencorp said:
David from BDO is Tuckers best mate. BDO is giving all the work to Tucker! Word on the street is big bucks are flying in Tuckers direction. Remember when Tucker filed to appoint a receiver - it was David from BDO he was trying to appoint!

Its all incestuousness. Job for the boys.
Click to expand...
 
Receivers being Appointed Left Right and Centre

Was that a recent appointment ??
 
Clout was appointed by Tucker to a marina loan security in South Australia. I am told Tucker had some concern about security irregularity and that Mad Mark might try some trick.

Clout remains in control although I understand from a close source remains somewhat bewildered



Charles Darwin said:
Clout remains appointed receiver/manager of at least one of the operating assets.
Click to expand...
 
As I understand, Clout remains as receiver/manager of the Windsor farms. Not a recent appointment, was appointed by Equititrust.
 
Disgrace

Further evidence of McIvor's self interest over that of innocent retiree investors...


"On Friday, February 3 Mr Batts was shocked to be given only three hours notice of the arrival of Sydney Administrators Hall Chadwick, appointed by Equititrust principal Mark McIvor.

The rival company immediately froze the accounts of the entity Wirrina Resort Conference Centre (WRCC) and sent out letters to creditors.

Court-appointed receiver David Whyte flew in from Brisbane on Monday February 6 and after a series of meetings it was determined Hall Chadwick did not have jurisdiction.


Mr Batts said the stand-off was frustrating and unhelpful for the business.


http://www.victorharbortimes.com.au...ve-resort-battles-on/2473221.aspx?storypage=1


The story runs over 2 pages read this and shake your head... It confirms David Whyte's report about McIvor's interference...

McIvor's actions clearly show he does not give a damn about investors... This was nothing more than a scorched earth policy to inflict as much damage on the receiver David Whyte and hurt investors who had started the Class Action...
 
yes and also the South Australian marina loan..... check out Wirrina Corporation Limited - another train crash about to occur!

Charles Darwin said:
As I understand, Clout remains as receiver/manager of the Windsor farms. Not a recent appointment, was appointed by Equititrust.
Click to expand...
 
Re: Disgrace: A BLOODY DISGRACE!!!!

none of this is his money BUT he continues to act as though he owns the assets.... frustrating bona fide Recievers and Court officers at every turn!

ASIC must take stern action.

No Trust said:
Further evidence of McIvor's self interest over that of innocent retiree investors...


"On Friday, February 3 Mr Batts was shocked to be given only three hours notice of the arrival of Sydney Administrators Hall Chadwick, appointed by Equititrust principal Mark McIvor.

The rival company immediately froze the accounts of the entity Wirrina Resort Conference Centre (WRCC) and sent out letters to creditors.

Court-appointed receiver David Whyte flew in from Brisbane on Monday February 6 and after a series of meetings it was determined Hall Chadwick did not have jurisdiction.


Mr Batts said the stand-off was frustrating and unhelpful for the business.


http://www.victorharbortimes.com.au...ve-resort-battles-on/2473221.aspx?storypage=1


The story runs over 2 pages read this and shake your head... It confirms David Whyte's report about McIvor's interference...

McIvor's actions clearly show he does not give a damn about investors... This was nothing more than a scorched earth policy to inflict as much damage on the receiver David Whyte and hurt investors who had started the Class Action...
Click to expand...
 
Anyone attend the Gold Coast meeting the other day - Letter from Administrators on "junk mail" site today!

You guys are right, nothing ever gets reported these days, not that there has ever been much importance placed on investor's losses and lives affected - certainly not by the Gold Coast Bulletin! They could at least have reported that people complained about the cost of parking at the Convention Centre!

Was there a rumour about BDO returning to Court on Wednesday? Probably didn't happen! Perhaps Mr McIver told them he was going to play nice!
 
BDO - David Whyte

Don't be surprised if David Whyte has to take court action to protect the assets from McIvor... I think David Whyte's patience has been stretched to the limit...

The whole saga does reveal how much McIvor "really" cares about the investors and how much his actions are actually driven by self interest...

As for the Gold Coast Bulletin??? Their actions speak for themselves in not reporting on their buddy McIvor... Slaughter the investors and protect the culprits, its no wonder the Gold Coast is considered a joke nationally and internationally...

Sunny place to get ripped off...
 
Parking

This crap investment pedalled by McIvor just keeps on stinging the hell out of investors... To be told how much they got screwed by Equititrust and McIvor investors had to pay for the privilege...

McIvor could have at least validated the parking for his once faithful flock... Next time investors should park in front of his Multi Million Dollar Mansion in Southern Cross Dr, Cronin Island as a reminder of who got burnt...

Investors will have a choice, McIvor owns 3 Multi Million Dollar piles along the same street...

Peaceful protests in the face of those responsible serve as a powerful reminder to do the right thing...


Mozzi said:
Anyone attend the Gold Coast meeting the other day - Letter from Administrators on "junk mail" site today!

You guys are right, nothing ever gets reported these days, not that there has ever been much importance placed on investor's losses and lives affected - certainly not by the Gold Coast Bulletin! They could at least have reported that people complained about the cost of parking at the Convention Centre!

Was there a rumour about BDO returning to Court on Wednesday? Probably didn't happen! Perhaps Mr McIver told them he was going to play nice!
Click to expand...
 
ADMINISTRATORS ..... a field day!!!

is this NOTICE a joke - ??? who are these clowns: http://www.equititrust.com.au/Pdfs/... Reports - 20120301 - Letter to Investors.pdf

as I understand, McIvor entities now have:-

Korda Mentha
BDO
Cloutts
Ferrier Hodgson
Hall Chadwick,

all appointed.

At what cost?

This is just a bad dream, right? and I am going to wake up from this nightmare.... please....

ASIC, Piper Alderman - some one.....
 
external help..... we need PAUL BARRY onto this...

even that Ian Lazar who started this Court action - what has happended to him???
 
OK! So apart from an assortment of receivers and administrators (lost count!) , we apparently also have an investor's committee of Amanda Banton (Piper Alderman) , and Stuart Norton (whoever he is), appointed at Hall Chadwick meeting!!!! David Tucker was suggested but knocked back!

If Asic is doing anything about this farce they are keeping it a deep dark secret from us!

Also weren't the Fed police involved in this somehow?
 
Re: Administrators Meeting

As predicted below, Piper Alderman have jumped in to protect investors and the quick footed Amanda Banton is now on the creditor's committee... McIvor wasn't expecting this development... If he had any idea he would not have appointed the administrators to Wirrina Resort. Didn't that one blow up in his face as well, with David Whyte stepping in and making McIvor and the administrator irrelevant... Competent people are in control now... What McIvor did not realise is that if you can't control your own destiny someone else will...

No Trust said:
Investors have seen through the McIvor appointed administrators motives to resurrect the company... Most investors spoken to are boycotting the meeting and are leaving it to Piper Alderman who I am sure will be attending... Question will be, will the follicley faded delusional one be there to front up to the creditors...
Click to expand...
 
Status
Not open for further replies.
Top