No Trust
JUSTICE IS COMING...
- Joined
- 22 November 2010
- Posts
- 4,495
- Reactions
- 3,566
Boy oh boy Marky has got himself into some serious trouble... What do the coming days and weeks hold in store for him... Not even a smoking ceremony will get him out of this mess...
May he live in "interesting times"
Goodbye Mark.............................................. .............
The defence filed by Tucker and Cowen is nothing but a banal legal patios, to try and divert the fact that their client was always Equititrust... So acting FOR and AGAINST your client as it’s suits your own financial enrichment is “a thing“ now is it ???
Mozzi cannot even begin to understand all these proceedings but just know for sure that whatever way we turn we are going to continue to be screwed big time!
The point I’m making is the liquidators receivers and lawyers are sucking the marrow out of the bones of Equititrust investors with these ongoing legal actions... In the Tucker litigation the litigation funder is paying the liquidators fees... The last action against McIvor, Wayne McIvor and KPMG resulted in millions in legal fees and costs and no return to investors... THIS HAS BECOME A JOKE...
YEP! Ever since this all started, the joke has been AT OUR EXPENSE!!
At the 28 May 2018 AGM on the Gold Coast prior to the action against the directors being commenced it was minuted that the proceeds of the Directors action recoveries would have to exceed $27.0 Million before the investors would receive a cent. Hall Chadwick were asked to supply a Cost Benefit Analysis. Also (insolvency practitioner should be with a view to benefiting the insolvent estate) (it has to be justifiable to bring the proceedings in the first place) so that creditors/Investors would benefit etc.Spot on Mozzi...
The Liquidators don't give a F#CK about any of the investors...
At the 28 May 2018 AGM on the Gold Coast prior to the action against the directors being commenced it was minuted that the proceeds of the Directors action recoveries would have to exceed $27.0 Million before the investors would receive a cent. Hall Chadwick were asked to supply a Cost Benefit Analysis. Also (insolvency practitioner should be with a view to benefiting the insolvent estate) (it has to be justifiable to bring the proceedings in the first place) so that creditors/Investors would benefit etc.
We now have a Judge confirming the investors will not receive a cent. (3 Sept Judgement.) even though Hall Chadwick stated the possibility of a substantial benefit and there would be no detrimental effect.
Hall Chadwick proceeding with the action cost the investors in the Premium Fund getting a $$$ benefit.
At the May 18 meeting not one person voted in favour of Hall Chadwicks fees.
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