Update on asic case if anyone is wondering.
On 1 September 2017, Justice Black made orders in chambers extending the orders made on 1 May 2017 to 5 March 2018 . The extension of the orders was sought by ASIC to enable it to continue its investigation into the management and affairs of the...
From memory there should be a court case with asic the directors of the company this week, anyone have more information on this? the travelban etc expires on September 4th and thats when they are in court with asic.
if anyone gets the results from the ASIC court case early September or the liquidators meeting with high court can you please post the results here
thanks!
thanks for the response again, also do you know if the insurance policies were fake documents or actually existed? expecting them to be more than likely fake but i am just wondering if they ever existed to begin with.
thnx for the info hard to find anything out until the liquidator release the report of the meeting which they havent done yet.
also did they say it will be 1year plus until disbursement of funds ? from my understanding soon as they get final $$ figures together into a report,done all the bank...
@AnotherCreditor thanks for the update ,one quick question if you have a minute or two to answer!
The final payout of whatever is left won’t be made for at least 12 months time - did the liquidators provide a timeline of 12months plus for disbursement of funds?
My main concern is that the...
Anyone know what has happened to the investor meeting? liquidators said it will be prior to 31st of july and that date is drawing near with no word about it yet i'm sure they will want to set it as they are posting what there fees are incurred up to this date and will want to get paid
if anyone...
From liquidators last report
8. I was told that the Companies had insurance that would return my money in times like this? We have been provided with a small amount of paperwork that suggests the Companies had some form of insurance. We are currently assessing the credibility of these insurance...
was unable to verify insurance personally, you can't call up a broker and confirm insurance information unless you are the authorized person/company on the policy.
Based on the last report from the liquidator they are verifying if the insurance is real and if the brokers will honour it, no...
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