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No Trust

No Trust

JUSTICE IS COMING...
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McIvor's Landsolve turns white knight to Equititrust

Colin Kruger
Sydney Morning Herald
July 4, 2011

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AILING Gold Coast mortgage fund operator, Equititrust, appears to have found a novel solution to the cash crisis that has left its flagship fund at the mercy of its bankers.

Equititrust stands to be the beneficiary of a $200 million raising by a company that is so closely aligned it shares Equititrust's address, telephone number, and founder, Mark McIvor.

The McIvor-founded Landsolve Partners, which describes itself as a ''multi-disciplined finance and property funds management group'', plans to raise $200 million via the Landsolve Capital Solutions Fund.
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More: http://www.smh.com.au/business/mcivo...703-1gxf4.html
 
Re: Landsolve

Lands of Plenty

Scott Rochfort
Sydney Morning Herald
July 4, 2011

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Overarching principle ... Equitrust founder Mark McIvor.

The founder of the Gold Coast financial concern Equititrust, Mark McIvor, really does appear to be living up to the latest Charles Darwin quote he is promoting as part of his new venture. ''Logic will take you from A to B. Imagination will take you everywhere.''

Despite Equititrust's flagship mortgage fund hitting choppy waters recently by having to write down the value of its units by 22 per cent, McIvor is a lot more bullish about his new company, Landsolve Partners Limited.

''Our hallmark skill is providing income solutions. Our objective is to enable investors to 'live life to the fullest' through higher yield,'' McIvor said in the offer document, which is trying to raise up to $200 million for the Landsolve Capital Solutions Fund.

''The global financial crisis has proven the investment market carries uncertainty. It is imperative your capital achieves an optimum return.''

The Landsolve fund, aside from making loans to developers, might also ''make loans or invest in other management investment schemes'' that are run by Landsolve or its related parties (aka Equititrust).

One wonders if this could include the struggling Equititrust Income Fund, which is required to repay a $25 million facility to the National Australia Bank next month.

Landsolve has also inherited Equititrust's Roman voussoir arch logo. ''The Roman voussoir arch was a breakthrough in structural stability. Combined with pozzolan concrete, it was one of the sturdiest methods of construction the world had ever seen,'' the Equititrust website says.
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http://www.brisbanetimes.com.au/bus...lies-in-face-of-adversity-20110703-1gxdy.html
 
Landsolve = Equititrust

From the above articles in yesterday's Sydney Morning Herald journalists Colin Kruger and Scott Rochfort have outlined where the money from Landsolve will really be going.

This is nothing more than an exercise to hide the real beneficiary of the money by using the name Landsolve where in reality they are one in the same.

Equititrust investors have been through hell with their money frozen for nearly 3 years, interest payments stopped and the value of their units substantially devalued with no end in sight.

Yet the same mob is now peddling a new investment to investors whilst not mentioning their prior credentials. This is an absolute disgrace and should be stopped by ASIC immediately in the same manner that ASIC stopped the 50M Capital Raising by Equititrust in January. Equititrust is at the mercy of its bankers and will now be the proposed custodian of Landsolve money… I DONT THINK SO…


To view discussions on Equititrust on this website:


https://www.aussiestockforums.com/forums/showthread.php?t=19877&page=1
 
Gold Coast is a shady place for shady people. Number of con artists and shysters per capita is crazy.
 
Yes, last roll of the dice I guess… Delusional attempt at deceit of the Australian Public...
 
Gold Coast is a shady place for shady people

Banco

Totally agree with you, it is a joke... If this attempt at deceiving the Australian Public is allowed then ASIC should be disbanded... Effectively equates to allowing Equititrust, a collapsing fund to be the conduit of 200M in funds without full and proper disclosure.. Equititrust should have its Financial Services License cancelled for what it has done to innocent retiree investors...
 
ASIC just not doing its job

After doing the right thing and stopping EQUITITRUST raising $50m on a toxic 'loan' book, they seem to be standing by while a subsidiary LANDSOLVE seeks $200m from investors by skirting around ASIC regulations and proposing to lend against same toxic loans... Same tired old whipped horsr, same old delusional jockey
 
LandScam

This Capital raising will not proceed... the same fundamentals exist now as in January when EquitiRust tried to raise 50M and ASIC intervened and stopped it. Landsolve/EquitiRust/McIvor can try it on, however they can’t run from the fact that they lost tens of millions of dollars of innocent retiree's money… That’s a fact that they cannot deny. I think you will see ASIC react after Colin Kruger’s article in the SMH yesterday. When Colin Kruger’s article appeared in January this year ASIC were forced to take notice.. Those who are outraged can simply make a complaint to ASIC, their local MP, Wayne Swan’s office or the media..

Congratulations to COLIN Kruger and Scott Rochfort from the Sydney Morning Herald for exposing the "latest scam" by these Gold Coast Cowboys…
 
LANDDISSOLVE: nothing up my sleeve, now you see it..... now you dont!

has anyone got a copy of the LANDDISSOLVE Information Memorandum? Love to see that POSTED for all to read ....... :mad:
 
Re: LandScam: the dynamic duo from the SMH are on the trail !!!!!

we all ought to give some CREDIT to CHOICE MAGAZINE who first blew the whistle on the Equititrust train wreck 3 years ago only to then be on the receiving end of McIvor vitriol and Tucker Cowen led threat of litigation...... if any of us had then ignored the Kolonel Klink Kennedy rhetoric and Einstein quotes and listended to CHOICE MAGAZINE's warnings - today might be a whole lot rosier.......
No Trust said:
This Capital raising will not proceed... the same fundamentals exist now as in January when EquitiRust tried to raise 50M and ASIC intervened and stopped it. Landsolve/EquitiRust/McIvor can try it on, however they can’t run from the fact that they lost tens of millions of dollars of innocent retiree's money… That’s a fact that they cannot deny. I think you will see ASIC react after Colin Kruger’s article in the SMH yesterday. When Colin Kruger’s article appeared in January this year ASIC were forced to take notice.. Those who are outraged can simply make a complaint to ASIC, their local MP, Wayne Swan’s office or the media..

Congratulations to COLIN Kruger and Scott Rochfort from the Sydney Morning Herald for exposing the "latest scam" by these Gold Coast Cowboys…
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Action to Stop The delusional Capital Raising

Don't be surprised is there is action on foot to stop the delusional capital raising...

A sinking ship cannot hold water...
 
Equititrust Losses - How Big Are They ???

It is essential that investors receive the facts, valuations on a loan by loan basis need to be given to all investors as well as a "realistic" estimate of the losses. Why is this information being withheld by Equititrust? Is it that bad?

Without giving full disclosure and audited end of year Financials to current and incoming investors how on earth can they go spruiking for further funds via Landsolve...

Sounds like an act of desperation similar to January's attempt to raise 50M. Luckily for investors ASIC stepped in and put a stop to it..

Financials guys where are they, we know you are about to make a loss but how BIG is it ???


TRYING TO RAISE MONEY WITHOUT FINANCIALS, DELUSIONAL...
​
 
The website, http://www.landsolvepartners.com.au, states:

"Landsolve Capital Partners Pty Ltd is a multi-disipline finance and property funds management group.
We aim to provide excellence in investment income and deliver strategic property and capital solutions to the property and financial services industries."

However, a simple search of the ASIC database shows that "Landsolve Capital Partners Pty Ltd" does not exist???? Is this the latest con... raise money in a company that doesnt exist?

Please explain :banghead:
 
As the SMH has reported web sites have not been updated misleading investors, so not registering a company whilst trying to raise 200M is right up their alley. The other little trick on their website is under the terms and conditions where they have a section on complaints to ASIC. A number of investors have mentioned that the email link posted no longer exists.. How convenient... What a bunch of incompetent unprofessional idiots...
 
Withdrawal of Offer Document from Web Site

It seems that Landsolve have removed the offer document from their website.. What’s going on behind the scenes... Have the numerous complaints to ASIC about this scam finally had their effect... For the Australian public's sake I sure hope so... looks like interesting times ahead especially if Equititrust defaults further and cannot repay NAB next month…

Looks like this effort to scam the Australian Public has also failed…
 
Communities ????

Trust Mutual will never get off the ground. The Equititrust disaster and loans to "King Con" will see to that. This is just diversionary tactics to try and keep the spotlight off the Equititrust Train Wreck...
 
Piper Alderman Update 11 July 2011

Piper Alderman Update 11 July 2011


Equititrust Limited Class Action

Update - Monday, 11th July 2011

Piper Alderman continues to investigate the merits of a unit holder class action against Equititrust Limited, the responsible entity of embattled mortgage fund Equititrust Income Fund, for breaches of the Corporations Act.

Following a unit holders' meeting held on 20 April 2011, there have been a number of reports in the media relating to Equititrust Limited's financial position, that have lead to significant scrutiny of its management of the Equititrust Income Fund. Despite investigations undertaken by ASIC, Equititrust Limited has failed to adequately resolve the issues identified or address the concerns of individual unit holders.

The recent resignations of Mark McIvor, the driving force behind Equititrust Limited, and David Kennedy, the former CEO, have further heightened the concerns of investors.

If you are interested in joining the potential class action, please e-mail dholland@piperalderman.com.au.

http://www.piperalderman.com.au/firm/equititrust-limited-class-action
 
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