• Australian (ASX) Stock Market Forum

Hello and welcome to Aussie Stock Forums!

To gain full access you must register. Registration is free and takes only a few seconds to complete.

Already a member? Log in here.

Landsolve Partners

Discussion in 'Business, Investment and Economics' started by No Trust, Jul 5, 2011.

  1. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    More: http://www.smh.com.au/business/mcivo...703-1gxf4.html
     
  2. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    Re: Landsolve

    http://www.brisbanetimes.com.au/bus...lies-in-face-of-adversity-20110703-1gxdy.html
     
  3. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    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
     
  4. banco

    banco

    Posts:
    1,058
    Likes Received:
    0
    Joined:
    Oct 6, 2008
    Gold Coast is a shady place for shady people. Number of con artists and shysters per capita is crazy.
     
  5. Garpal Gumnut

    Garpal Gumnut

    Posts:
    9,033
    Likes Received:
    268
    Joined:
    Jan 2, 2006
    To quote Victor Meldrew,

    " I don't believe it ! "

    gg
     
  6. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    Yes, last roll of the dice I guess… Delusional attempt at deceit of the Australian Public...
     
  7. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    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...
     
  8. kostag

    kostag

    Posts:
    753
    Likes Received:
    4
    Joined:
    Jun 21, 2010
    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
     
  9. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    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…
     
  10. kostag

    kostag

    Posts:
    753
    Likes Received:
    4
    Joined:
    Jun 21, 2010
    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:
     
  11. kostag

    kostag

    Posts:
    753
    Likes Received:
    4
    Joined:
    Jun 21, 2010
    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.......
     
  12. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
  13. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    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...
     
  14. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    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...
     
  15. zencorp

    zencorp

    Posts:
    103
    Likes Received:
    0
    Joined:
    Jan 28, 2011
    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:
     
  16. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    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...
     
  17. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    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…
     
  18. kostag

    kostag

    Posts:
    753
    Likes Received:
    4
    Joined:
    Jun 21, 2010
  19. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    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...
     
  20. No Trust

    No Trust

    Posts:
    3,105
    Likes Received:
    253
    Joined:
    Nov 22, 2010
    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
     
Loading...

Share This Page