Recent content by am262327

Am I mistaken when I remember reading that the money goes to his laywers? Or, is that the actual trust account?

Any guesses as to why they are allowing the sale of his home to preceed? Isn't that his most valuable asset?

Ding dong http://www.asic.gov.au/asic/asic.nsf/byHeadline/13-266MR%20Court%20orders%20surrender%20of%20LM%20founders%20passport%20freezes%20assets?opendocument So glad to see ASIC taking some action!

Going Public So I've decided to go public: http://mistermorris.com/blog/life-is-unfair-fundamentally/

That Equitrust thread is such an interesting read. Seems like Nordstrum is this McIvor chap. I dare Peter Drake to come into this forum. What, Peter, too afraid of us "sophisticated investors" who can afford those financial advisors... oh wait, no YOU paid them those handsome commissions...

Headliners The copy for that article could be: Drake claims he's so good, without him, funds lost or Fund loss because no Drake, says Drake

Interesting point, but it seems to me the wider the door gets opened the more of a dog it seems. I do miss ASICK.

If this group that is gathering, putting in the commission money to get our money back, really wants to prove that they're serious about getting all our money back, would publish a nice spec sheet showing exactly how much this all is. As I understand it, it's outstanding commissions, not those...

I'm not sure what any of that means, does anybody else?

Re: Gov't Bailout? Thanks for putting up with my naïveté. You're right.

Gov't Bailout? Seeing as though this story is getting a lot of attention in the public, and also seeing as though the financials of this story has pretty much played itself out (or nearly out), I would like to put something out there. What are the chances of the Australian government...

FTI have been busy On the back of the depressing news that Drake took a personal loan in March just as the finances were drying up (again, I ask, what is ASIC doing about this!), I hope this court case takes us from the financial side of the story to the brazen criminal one.

It's been a week! Anybody have any clue why it's taking so long for the judge to give her opinion on this case?

Re: LM Investment Management Limited - Receiver Appointed It really amazes me that they haven't found anything legally wrong with these funds. What do you do when you have a cash flow problem? You try to find more investors. They did so in this case by looking for investors in the MPF. Truly...

I really wish someone had put it in these terms from the beginning. I understood it before, basically, but it took me a while, but but now I really get it. I'm past being mad though, I'm actually feeling better that I understand it, because it makes sense. Weird feeling, this. Regarding...