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Thread: Unit trusts in Imperium

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    Champion Bakkies's Avatar
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    Unit trusts in Imperium

    Would anyone consider buying in to them?

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    Immortal Contributor shasta's Avatar
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    Quote Originally Posted by Bakkies View Post
    Would anyone consider buying in to them?
    Could the questions be "Who held them? Did they personally pay for them? Did any unit holders apply to the trustee to cash them? If so how much were they paid"

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    Is Cameron Clyne, rob Clarke or Todd day a unit holder.

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    C'mon the

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    Immortal Contributor shasta's Avatar
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    Be no use to Clunk. He would've forgotten had any by now.

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    Champion Bakkies's Avatar
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    I want to buy a business for a dollar. Reminds me of when Ken Bates brought Leeds United for a quid

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    Immortal GIGS20's Avatar
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    Quote Originally Posted by Bakkies View Post
    I want to buy a business for a dollar. Reminds me of when Ken Bates brought Leeds United for a quid
    Buy a business for a dollar, get it's 13 million dollars of debt wiped from the books and then be given 6 million dollars ON TOP OF the 5 million dollars a year grant to ensure it remains afloat.

    Cox is a genius businessman simply on the evidence that he was able to negotiate that deal!

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    Quote Originally Posted by GIGS20 View Post
    Buy a business for a dollar, get it's 13 million dollars of debt wiped from the books and then be given 6 million dollars ON TOP OF the 5 million dollars a year grant to ensure it remains afloat.

    Cox is a genius businessman simply on the evidence that he was able to negotiate that deal!
    Being allegedly insolvent at the same time. Reminds of that bs deal that Rangers did that led to that club wound up.

    No wonder Twiggy thumbed his nose at him

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    Immortal Contributor shasta's Avatar
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    I know SFA about privately owned/unit trust operations. What I wonder though, is whether some of this suspected skulduggery (and seemingly suspected by people way more knowledgeable than I am) might attract the interest of the ATO, if not ASIC or the AFP.

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    Quote Originally Posted by shasta View Post
    I know SFA about privately owned/unit trust operations. What I wonder though, is whether some of this suspected skulduggery (and seemingly suspected by people way more knowledgeable than I am) might attract the interest of the ATO, if not ASIC or the AFP.
    I haven't heard of unit trusts. Definitely heard of shell companies which it appears that ISM would have been set up as

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    Senior Player andrewM's Avatar
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    Quote Originally Posted by GIGS20 View Post
    Buy a business for a dollar, get it's 13 million dollars of debt wiped from the books and then be given 6 million dollars ON TOP OF the 5 million dollars a year grant to ensure it remains afloat.

    Cox is a genius businessman simply on the evidence that he was able to negotiate that deal!
    To paraphrase Packer.. "You only get one ARU in your lifetime, and I've had mine"

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    Quote Originally Posted by shasta View Post
    might attract the interest of the ATO, if not ASIC or the AFP.

    Duties & Powers of Trustee

    to maintain proper books of accounts including minutes of meetings of the trustees/directors of the trustee company, lodge returns with ATO

    Can't see them being sloppy - everything would've been sanitised very carefully before submitting.

    But it would be interesting to see if the trustees/directors are registered.

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    Veteran BLR's Avatar
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    Quote Originally Posted by SinBin View Post
    Duties & Powers of Trustee

    to maintain proper books of accounts including minutes of meetings of the trustees/directors of the trustee company, lodge returns with ATO

    Can't see them being sloppy - everything would've been sanitised very carefully before submitting.

    But it would be interesting to see if the trustees/directors are registered.
    Didn't Xenos say he tried to get ARU minutes at one point but apparently it wasn't made available to him which shocked him?

    Would it not be the case with any potential trust that the minutes are either not available to be released or simply gone?

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