LKM Capital Debenture Holders Action Group

[John VK2]

I note that the Bendigo Bank is running a series of commercials on television telling people how good they are. Interestingly they are tied up with Sandhurst who just happen to be the Trustees for the failed LKM CAPITAL.
I wonder how many of them have Indonesien connections ???

Has you know who sold his house at Diggers Beach yet? I wonder where he and the lady are going to move to. Indonesia perhaps ??

 

[charles36]

To JWB please advise how to contact you if you would like to be part of the LKM Debenture Holders Action Group. Charles.

 

[JWB]

Hi Charles, I am having trouble sending you an email. Maybe I have the wrong address. I cant put my email on here as I have only had one post and the system wont let me until I have 10. JWB, Wendy.

 

[JWB]

Charles36, I have just rec. more paper work re LKM. You can ring us on 0266449065 as I still cant leave my email. Wendy.

 

[Diga]

Hi everyone,

I have sought legal advise about the amendments to the Trust Deed.

I was advised that the motion – if passed will remove any civil action available against the Trustee or Company in relation to any negligent or inappropriate dealings in relation to :-

(a) interest on Principal moneys that has been accrued but remains unpaid;

(b) any interest that would otherwise have accrued on the Principal Moneys but for Amending Deed No 4.



If it is latter found that there was negligence or inappropriate dealings.

Criminal charges maybe pursued but the resolution (if passed) will act as a thorough defence against any Civil claim for damages ( which would be sought by damaged party. Ie shareholders removes possibility of monetary for damages.



Be damned if I will be accepting sheckles in return for a “get out of jail” free card.


See you at the meeting.

Diga

 

[John VK2]

Hello Diga,

I have just read your comments and am in full agreement with you. There is no way I am going to vote for this amendment.

It would be nice to know whether during the past nine months any progress at all has been made towards recouping the losses of the Debenture Holders or whether we are being charged to meet salaries of up $550 per hour solely for the privilege of contriving ways and means of absolving LKM from their responsibilities.

Needless to say it is our money that is being expended to get back what is ours in the first place and I for one strongly object to it being spent for the benefit of those who were responsible for misusing it.

The waters have been made even muddier by the fact that the original Receivers have been joined by another company and according to the logo, the new company, BRI would seem to have the upper hand with Ferrier [Chairman] in a position that means absolutely nothing.

Ther are also some questions that need to be answered. Sandra Martin who is the "other half" of LKM has been given the title "Director of the Debts" whatever that means. Further I wonder whether this Idonesian b*****d will have the guts to attend the meeting or is is funneling his ill gotton gains out of the country. Is his house at Diggers Beach still for sale or has it been sold?

Lots of questions need answers and hopefully some answers will come forth on the 23rd April.

 

[John VK2]

Further to the above "QUESTIONS THAT NEED TO BE ASKED", a report from ABC News dated 24 November 2008 stated, Mr. Cummins says the investigation into the LKM collapse has identified some accounting anomalies. "We expect to be able to report to the debenture holders exactly what these issues are early in the New Year." He said


Have these 'anomalies'????? been found?

 

[John VK2]

Finally it seems that Koops himself is going to be investigated. How come its taken all this time when a report way back in August by Mr Cummins who stated that "anomolies would be looked into."

There has been a suggestion that he is going to skip, possibly to Indonesia and this is the reason he is selling Diggers Beach.

There is also no mention of the other half of Koops Martin, namely Sandra Martin, Koop's partner????? Where is she hiding, and if she is the other half why is she not also being investigated?

Further the latest report does not show the charges made so far.

One is conscious of the latest fracas re Keddies and I can only repeat that John Grisham's excellent novel "King of Torts" should be required reading for all concerned.

 

[John VK2]

APOLOGY RE THE ABOVE.

The charges have been listed. My error, I missed it in the report.

 

[John VK2]

Anyone know where the meeting for the FIFTH REPORT has gone??

Good thing I saved it !

 

[BARNEY01]

I am new to this game but from what I have been advised so far is that some time in June, 2008 LKM commenced discussions with BRIFerrier culminating in their appointment on 1 August, 2008. I am concerned with the position of those debentureholders who reinvested during this period. It appears to me that the Directors of LKM would have had a fiduciary responsibility to those investors to hold in trust those investments pending the outcome of their discussions with BRIFerrier. I would like to know how many investors are in this position as it is different to those prior to when the discussions commenced. These investors may be able to form a different class of investor with a claim on the Directors and possibly the Trust. It would be interesting to know what advice BRIFerrier gave the Directors in relation to reinvestment during the period of their negotiations.

BARNEY01

 

[JWB]

Barney, our money was due out mid August. We had been talking to them on the phone early August and agreed to reinvest, filled out the forms etc and then rec the notification of Rec'ship. Nothing was mentioned to us on the phone , it was as if all was good.!! Wendy

 

[charles36]

Charles36 Barney O I have posted my telephone number on the private mail, please give me a ring. You will find that the Action Group have been active and many of the complaints such as your complaint haveen referred to ASIC and are receiving attention. The Principal, Directors and staff have recxeived appropriate attention from the receivers and in fact the Principal, Mr. Rolf Koops has been and is still being investigated. The matters to date have been referred to ASIC and they have given permission for Mr. Koops and others to be the subject of a public examination at the Supreme Court, Sydney on the 18 May, 2009. At this stage Mr. Koops is possibly the only being examined at this time. I hope this gives you some insight as to what has taken place since the 1 August, 2008.

 

[Diga]

http://www.optuszoo.com.au/channel/...-continue-into-collapsed-investment-firm.html


News
New South Wales / Coffs Harbour and mid-north coast
Investigations continue into collapsed investment firm
Jun 05, 2009 10:26am



There will be further investigations into collapsed Coffs Harbour-based investment firm LKM Capital.

LKM Capital collapsed almost 12 months ago owing $63 million.

LKM's director Rolf Koops was examined in the Supreme Court over three days late last month.

Receiver BRI Ferrier says the examination focussed on accounting anomalies.

The receiver says there were several matters arising from the examination that require more investigation, but that cannot happen until the court transcripts are released.

That is likely to take between four and six weeks. The receiver says debenture holders will then be briefed.

 

[John VK2]

Going right back to the beginning of this Forum on LKM, could someone please explain WHERE Messers Slater and Gordon come into the picture?

 

[Sister Act]

Hi there, I am new to this webite and these forums. I am interested in Rolf Koops in relation to his having his passport confiscated. He was leaving to work in 'theatre' in the UK, presumably with his sister Elizabeth (Liz) who is a producer of the stage musical "Priscilla". Do you know of any other links between the two in your on-going confrontation?

Also, do you know that Koops has been mentioned in a 2004 ICAC investigation in which the financial services weren't delivered to the Koompahtoo Local Aboriginal Land Commission (KLALC) during a joint venture subdivision? The aboriginal community supplied the land and a company called Sanpine supplies the financial / management expertise. The commissioner in that case says, "You still couldn’t get the major banks to back you. I'm not saying anything about whether Mr Koops is a good man or not. You end up with a Coffs Harbour solicitor backing you which may be fine. But why couldn’t the KLALC, with your assistance, have done that?"

 

[elizabeth taylor]

Hi there, I am new to this webite and these forums. I am interested in Rolf Koops in relation to his having his passport confiscated. He was leaving to work in 'theatre' in the UK, presumably with his sister Elizabeth (Liz) who is a producer of the stage musical "Priscilla". Do you know of any other links between the two in your on-going confrontation?

Also, do you know that Koops has been mentioned in a 2004 ICAC investigation in which the financial services weren't delivered to the Koompahtoo Local Aboriginal Land Commission (KLALC) during a joint venture subdivision? The aboriginal community supplied the land and a company called Sanpine supplies the financial / management expertise. The commissioner in that case says, "You still couldn’t get the major banks to back you. I'm not saying anything about whether Mr Koops is a good man or not. You end up with a Coffs Harbour solicitor backing you which may be fine. But why couldn’t the KLALC, with your assistance, have done that?"

I have just found this site and am a victim of the LKM collapse. Are you still active/making any progress? Can I be part of this?

 

[badmedicine]

I have just found this site and am a victim of the LKM collapse. Are you still active/making any progress? Can I be part of this?

I just read the last BRI Ferrier release and cant believe they do take up eBet's takeover offer to buy the shares. I just want a return now not in the long term. Sell the Odyssey shares now. It's just another associated business that was promised it would make us all money while is just goes backward.

Please accept the offer and send me some money.

 

[John VK2]

Having just read the 10th report from BRI Ferrier, and am absolutely disgusted by the fact that no further payments are likely to be received until November 2011.

This leads me to a little line in their report at the end QUOTE: "Limited cash available needs to be retained to further the ongoing costs of the Receiver". UNQUOTE

The Receiver of course being BRI Ferrier who charge up to A$550.oo PER HOUR for their services. At least they have no worries. It is also worth noting that it is OUR money that is being used to fund the means of getting some of OUR money back.

There is something wrong with the system somewhere !

 

[flywire]

Advice in September 2018 from Meridian Lawyers was a final distribution of 30.23525%. I understand about 40% was returned before that. Can someone provide exact details of how much was returned and when?