Equititrust?

My site (http://www.moneymagik.com/) will give you some insight into Trilogy and into Balmain (as part of Balmain Trilogy). It's mostly factual with little comment.

The following link relates to one moment in the life of Trilogy and Balmain Trilogy:
http://www.theage.com.au/business/beware-an-angry-debt-collector-20110804-1idjt.html?skin=text-only

As I've posted before, Trilogy took information relating to its Healthcare REIT off its website, but here's a link with excerpts from the fund's annual reports:
http://www.moneymagik.com/analysis_REIT.php

Here's excerpts from Philip Ryan's breach of trust matter (together with the ASIC case against him and others whereby an employee was found guilty of fraud).
http://moneymagik.com/trilogy1.php

A fund not mentioned by Trilogy in its CV is:
http://moneymagik.com/dee_why_new.php

Trilogy came to the PFMF full of promises, but the outcome is that we've lost 42% ($177m) off the value when Trilogy took over the fund.

It's thirty days since Trilogy filed the fund's financials with ASIC but it's hasn't posted those financials on its website for investors to read.

In the six months up to 31 December 2011, the fund lost $67.5m!

On 30 August 2011, Trilogy responed to an anonymous letter sent to investors. The letter said (in part) something like "Trilogy was unable to deliver $295m by October 2012". Here's Trilogy response:
http://www.balmaintrilogy.com.au/pdf/BTI 4882 Unitholder Letter.pdf (see Top of Page 4)

"Balmain Trilogy has kept Unitholders fully advised of the Fund's capital repayment program (which relies on asset sales) including a detailed asset review sent to all Unitholders in June 2011.

Notwithstanding some delays in recoveries, Balmain Trilogy is confident that it can still achieve the target of returning $295m by October 2012 and that it will complete the April 2011 and October 2011 scheduled repayments by December 2011.

We are aware of the inconvenience caused due to the delays in capital repayments. To date Trilogy has not received in full its management fee from April 2011 to maximise cash availability for Unitholders." (emphasis added)

In relation to the last paragraph, Trilogy didn't waive any of its fees, Trilogy merely delayed getting hold of them. In fact, in the two a half years of managing the fund, Trilogy was paid, or was entitled to be paid, about $15.4m! A very pretty penny indeed.

Trilogy did not complete the April 2011 and October 2011 scheduled repayments (or capital) by December 2011. In fact it repaid $0.01/unit and not the represented $0.08/unit.

And as at 31 December 2011, Trilogy is $131.49m shy of the qualified $295m (assuming no further losses/gains in fund value).

Here's an audio recording taken by a member at the so-called "Sydney Information Session":
http://moneymagik.com/audio.php

Here's an audio recording taken by a member at the so-called "Martha Cove Information Session":
http://moneymagik.com/audio_MCIS.php

The main speaker in both cases is Andrew Griffin of Balmain Trilogy.

Here's just about all the relevant documents relating to the PFMF:
http://moneymagik.com/general_information.php

The biggest problem with information is that if it's not able to be easily and readily assessed, then members will forget about it.

If any of you would like a page for your fund on moneymagik, then I'm happy to provide it - to provide ready access to links and documents, but comment would not be permitted. Don't worry, I won't be the least bit offended if you don't want to.

Nevertheless, if you're interested in getting to know more about Trilogy and Balmain Trilogy (a construct by both Balmain & Trilogy - http://www.balmaintrilogy.com.au), then there's a lot of reading to be done.

Next move

What is McIvor's next move... Will it entail hightailing it out of the Gold Coast???

Ego's

The 2 key trophy assets The Office Building and Bumbles that the miserable McIvor's cherished so much are both now in the hands of the receivers... HOW EMBARRASSING... How will they now front the parent teacher evenings at the Snotty Private School they send their kids... Oh the shame of it all


Meanwhile investors starve whilst this crook goes on deluded journeys in his own mind trying to change the RE via an equally despicable Administraitor who wants to fleece $600,000 off investors for basically doing nothing except entertain a deluded madman...

Whats next will innocent retiree investor's be asked to pay the St Hilda's school fees... Lets all throw some money in the tin for the "POOR" McIvor's...

Kicked out of their Homes

With so many McIvor's getting "Kicked out of their Homes" where will this miserable clan settle... Hopefully somewhere other than the Gold Coast where they are despised the most... This is what you get when you steal from the Weak and Elderly...

Re: Kicked out of their Homes

No Trust said:

With so many McIvor's getting "Kicked out of their Homes" where will this miserable clan settle... Hopefully somewhere other than the Gold Coast where they are despised the most... This is what you get when you steal from the Weak and Elderly...

Click to expand...

Sadly clan Mcivor have taken up residence not far from the old neighbourhood. Seems the short walk to Bumbles is therapeutic if you take the scenic stroll through the park. Still if things thaw with Narky's mum there's always the chance of parking a caravan on the "held in trust" double waterfront block in Jefferson lane Palm Beach, that's if mums trust deed isn't tested. There is room to park a number of caravans so it's possible that the whole family, mother, brother, step brother, in laws can all reside together, whilst roasting chestnuts over the burning embers of Equititrust. Would make the Process Servers job a little easier.

Process Servers

These guys sound like the hunted, Karma is a bitch...

McIvor harassed some "totally innocent" old people before with a process server for absolutely no reason and I really mean absolutely no reason... The effect on their lives and health was devastating... It seems all is now being paid back to this despicable bastard and his equally despicable brood who lived off the I'll gotten gains of others...

Caravan is too good for this animal...

Administraitor's Deception / Report

What is mind numbing though when you go through the Administraitor's Report is the fact that both McIvor and Hickie have refused to fill out the Questionnaires related to their personal assets. This is required by law, yet "All Barren" and his crew of misfits allowed him to submit a proposal for a change in the RE ??? You have got to be kidding??? Whose side are these idiots on??? Why was a complaint not made by them to ASIC immediately??? Oh thats right, it was purely a money making exercise...

Fee Indemnity

If you read Para 4 of the report it seems that the directors agreed to indemnify the Administraitor's 30k per week if sufficient funds were not recovered during the appointment... They note "it is their understanding that the directors will not be able to honour this indemnity"

"Tough Titties" guys thats what you get when lie with dogs, don't even think that this will come out of the wind down of the funds, they are two separate issues and you have dug yourself quite a deep grave... David Whyte I am sure will not let you get a cent in fees...

Good luck with what's left on the carcass of Equititrust, the meat left in the funds will NEVER be yours you scumbags...


http://www.equititrust.com.au/Pdfs/...eports - 20120412 - Circular to Creditors.pdf

Re: Kicked out of their Homes

So Marky and Mummy are still estranged???

word75 said:

Sadly clan Mcivor have taken up residence not far from the old neighbourhood. Seems the short walk to Bumbles is therapeutic if you take the scenic stroll through the park. Still if things thaw with Narky's mum there's always the chance of parking a caravan on the "held in trust" double waterfront block in Jefferson lane Palm Beach, that's if mums trust deed isn't tested. There is room to park a number of caravans so it's possible that the whole family, mother, brother, step brother, in laws can all reside together, whilst roasting chestnuts over the burning embers of Equititrust. Would make the Process Servers job a little easier.

Click to expand...

Bea Jeans

What's happened with future Mother in law to be, Bea Jeans she must be screaming for her $12M+ back...

Bet she rues the day in ever getting involved with Marky Boy...

DEN OF INIQUITY - AND OR NEGATIVE EQUITY


Can you imagine all the dirty deals that took place in this building...

As a homage to all the lives destroyed it should be demolished and a memorial put in its place... This building has sooooo much BAD ENERGY I don't know who would want to buy it unless its at an absolutely knock down price... Buidlings like this bring bad luck, nothing good can come of it...

Investors - Wrong People to Screw Over

Hey Marky Boy, the investor's are far from finished, they are just getting started....

From the report your paid mercenary had to file you have done really despicable things which fed your greed and spat on the interests of the weak and elderly... Well you despicable creature they are not done with you yet... Hang your white head in shame because white hair is only thing you have in common with the people you have well and truly F##KED...

Reciprocity is Bitch isn't it...

My family are investors and we appreciate the time and effort you guys put into posting on this forum. It's difficult getting through all the crap they are sending us and it's confusing. I am just as angry as you about losing our money and Mark living the highlife not only on our money but the extraordinary borrowings, whilst we certainly have not!

Say what you will about Mark and his cronies however, I for one, would appreciate you all leaving Mark's mother out of it. It's churlish and ungentlemanly. I cannot imagine for one minute that Mrs McIvor was a participant in any of this and consider how distressing it is for her (probably in her 80's) to be thrown out of her home, effectively by her own son. Thanks.

McIVOR mother

I agree - the buck stops with Mark 'Madoff' McIvor....

I think the point being made which is not lost on any of us - is that he spared no-one - future mother in law Bea Jeanes; his wife Stace; his mother; his brother Wayne..... everyone was a target

anyone with money....

it is true - never get caught between a bucket of gold coins and Mad Dog McIvor.....

the wonderful thing about life is that it all finally comes around, doesn't it?

what you dole out, you usually get back in spades....

Bonne Chance said:

My family are investors and we appreciate the time and effort you guys put into posting on this forum. It's difficult getting through all the crap they are sending us and it's confusing. I am just as angry as you about losing our money and Mark living the highlife not only on our money but the extraordinary borrowings, whilst we certainly have not!

Say what you will about Mark and his cronies however, I for one, would appreciate you all leaving Mark's mother out of it. It's churlish and ungentlemanly. I cannot imagine for one minute that Mrs McIvor was a participant in any of this and consider how distressing it is for her (probably in her 80's) to be thrown out of her home, effectively by her own son. Thanks.

Click to expand...

Very Sorry No Sympathy

Absolutely NO Sympathy whatsoever when it comes to his mother no matter what age she is... She in particular stood by while other innocent people were thrown out of their homes and particpated in a number of scams with him via the old Trust switcharoo method... Who would suspect an old lady now...

They are all crying now but the list of victims over the years has tallied up, particularly where where she was the front woman for Marky Boy's little scams... So please don't give me this rubbish when you clearly don't know the facts...

Bonne Chance said:

My family are investors and we appreciate the time and effort you guys put into posting on this forum. It's difficult getting through all the crap they are sending us and it's confusing. I am just as angry as you about losing our money and Mark living the highlife not only on our money but the extraordinary borrowings, whilst we certainly have not!

Say what you will about Mark and his cronies however, I for one, would appreciate you all leaving Mark's mother out of it. It's churlish and ungentlemanly. I cannot imagine for one minute that Mrs McIvor was a participant in any of this and consider how distressing it is for her (probably in her 80's) to be thrown out of her home, effectively by her own son. Thanks.

Click to expand...

Gold Coast Bulletin Article

Another Article in the Gold Coast Bulletin Saturday 14 April Business Page 99 unfortunately not online...

Tucker

The Administraitor's Report is also very damning of David Tucker's involvement in all this and is also recommending that he be publicly examined after the company is placed in Liquidation... What a joke...

http://www.equititrust.com.au/Pdfs/...eports - 20120412 - Circular to Creditors.pdf

We were all screaming about his conflict of interest since last year... How could he be paid as a director and also be the company's lawyer as well as Marky Boy's personal lawyer... How can that be in the best interest of investor's... How competitive were the fees, when no other firms were given the work... Looks very dodgy as far as investors are concerned...

The fees should be returned and the $500k still owing should be dismissed as a valid debt...

The Legal Services Commission should also be brought in to investigate this clear conflict of interest...

It will be good to see both the chums in court getting Publicly Examined

Bonne Chance said:

My family are investors and we appreciate the time and effort you guys put into posting on this forum. It's difficult getting through all the crap they are sending us and it's confusing. I am just as angry as you about losing our money and Mark living the highlife not only on our money but the extraordinary borrowings, whilst we certainly have not!

Say what you will about Mark and his cronies however, I for one, would appreciate you all leaving Mark's mother out of it. It's churlish and ungentlemanly. I cannot imagine for one minute that Mrs McIvor was a participant in any of this and consider how distressing it is for her (probably in her 80's) to be thrown out of her home, effectively by her own son. Thanks.

Click to expand...

Dear Bonne

Mr No Trust does display a certain amount of passion in his writing and I can only assume that he is suffering great hardship like all of us at the hands of these deceitful people. Maybe even greater hardship than most. I heard that on two occasions an aggrieved unit holder rang and threatened the Equititrust trust staff that he was on his way with a gun. Twice the staff locked down the premises. Now you might have an understanding that some investors faced with bills they can't pay, eviction from their homes or the loss of family members during this period might feel a little peeved.

This disaster was perpetrated by sophisticated con men and women, mostly Mcivor and his family and I'm sure when the criminal proceedings which are inevitable are concluded they will reveal their evil doings. That includes mum.

Nobody wants to see innocent people displaced but innocent people have been, so now the wheel turns.

For a more succinct understanding of the complete tragedy that is Equititrust and the STAGGERING NUMBERS INVOLVED LET ME BREAK IT DOWN FOR YOU. As I read Albarrans report but let's face it, you don't have to be sophisticated to know what stinks and where it emanates from.

In the years 2005 - 2008 the company (Mcivor) paid himself approx $67mil page 26 breach of fiduciary duties 10.3.1 and then 2009 - 2010 another $20mil.
KPMG prepared draft returns for the year 2011 which highlighted impairments (READ BIG BAD LOSSES) in the EPF AND EIF FUNDS IN THE AMOUNTS OF $70mil and $167mil. Do you understand that the value of the unit holders asset backed security was decimated. The reasons are highlighted in that part of the report Hall Chadwick must acknowledge, possible criminality.

In any event we have been shafted whilst The KNIVOR was pocketing his ill gotten gains. Should I repeat those numbers again.
A couple of other points to pay attention to.

A) 4.0 the directors of the company engaged Hall Chadwick at their own expense as per their undertakings which Hall Chadwick accepted. The directors believe that Hall Chadwick would facilitate their plans to shift the funds to a new RE by taking the decision away from the unit holders..a ploy designed to install Tricky Hickie's company VAX
This can not and will not happen if Mcivor is involved or seen to be involved. Now remember this point.
B) voidable transactions.page 31...related parties.
Since Dec 2011 MM HOLDINGS was paid by Equititrust $330,000 and GUARDIAN CAPITAL PARTNERS $250,000 that's Mark paying Mark if I read the report right. Certainly Hall Chadwick make the point, but what are they doing to get it back?
Why hasn't Albarran done a TRACING of these funds. That's Equititrust funds to MCIVOR which should be returned. What is Hall Chadwick's position if it's discovered that these funds have been funnelled through to HICKIE to facilitate the joint Equititrust director in his attempt to back the unit holders assets into his company.
AND WHY HASN'T ALBARRAN INSISTED ON THE DIRECTORS PROVIDING THEIR PERSONAL FINANCIAL POSITIONS BEFORE CALLING THIS MEETING OR BEFORE TABLING THIS REPORT...what's up there??? THE LAW SAYS THEY MUST. What don't they want us to see???

C) 5.0 company books and records. So Mr Albarran you make the statement that the company appears to have kept adequate books and records yet you also referred in your report o a sum of aporox $800,000 that has been paid out yet no appropriate invoices have been located reflecting these monies. Please.... and this a public company.why haven't you initiated a TRACE of these funds to see who's hands they are in before you completed this report or called the meeting.
D) and one more time for the dummies!!!
Mcivor, Hickie and Honeyman the DIRECTORS OF EQUITITRUST ENGAGED YOU ON AN INDEMNITY BASIS AT $30,000 per month,,,,,AND THEY CAN'T PAY YOU, is that right???.
WELL BUGGER OFF, your not wanted here, your not getting $600,000 dollars from the unit holders. You rolled the dice, you can notify the company of your intent to resign and persue the directors for any monies you feel entitled too.
MAYBE YOU SHOULD HAVE DONE YOUR DUE DILIGENCE ON the three shonks. They must have acted illegally engaging the services of your firm knowing that they could not pay. Is that them admitting they are insolvent. AND YOU PUT FORWARD A PROPOSAL BY HICKIE AND HIS VAX LION ADVANTAGE AS AN ALTERNATE RESPONSIBLE ENTITY (RE)......OH PLEASE..

Bonne I hope this is in some way more insightful than the snippets the press are running. I do believe however that a flood more of investigative news print is on the way,,,

All the Family Stooges have now been caught in their own Web of Deceit even Tucker who obviously didn't study what a conflict of interest means at University... He gets a good mention in the report and if the allegations are proven in court he may have trouble finding insurance for himself if he hasn't already...

Expose McIvor Inc

There is definitely action on the journalistic front... A lot of people are being interviewed at the moment...

McIvor Inc or McIvor Stink will finally be exposed and there are some shocking personal revelations to come... Mad McIvor's antic did not just extend to the office...