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Thread: Senate hearing - Wednesday

  1. #31
    Champion SinBin's Avatar
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    Quote Originally Posted by UAUdiver1959 View Post
    can someone post his corro? am os today

    https://www.aph.gov.au/DocumentStore...d-23ba6d97a58c

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  2. #32
    Player UAUdiver1959's Avatar
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    [QUOTE=SinBin;446193][url]https://www.aph.gov.au/DocumentStore.ashx?id=439a8799

    Thanks

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  3. #33
    Champion Bakkies's Avatar
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    It's every man for themselves now and it appears that Cox has lawyered up if he isn't willing to discuss the terms of ref.

    A missed opportunity and they should just refer this to ASIC as they will have more time and probably need to deal with NZ to investigate his finances there.

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    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

  4. #34
    Immortal GIGS20's Avatar
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    Quote Originally Posted by Bakkies View Post
    Submitted on Nov 10th. If that is the reason for delaying the report than the Committee are getting an email. The clown has several weeks to respond since his business was exposed on October 11. I have read his laughable email and he said that his businesses have never technically been insolvent. Like the ARU he doesn't know his books and his correct company reports were located for free online.
    I tried looking for the documents online after reading that and came up dry. can you find them?

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    C'mon the

  5. #35
    Champion Bakkies's Avatar
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    Quote Originally Posted by GIGS20 View Post
    I tried looking for the documents online after reading that and came up dry. can you find them?
    Page 3 follow Jackster's link on 13/10/17

    http://twf.com.au/showthread.php?t=39441&page=3

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    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

  6. #36
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    Quote Originally Posted by Bakkies View Post
    IRB meetings have already kicked off.
    Yes, but the planned meeting with IPRC has been moved I'm told - so my sauces say!

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  7. #37
    Player lou's Avatar
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    It's on Wikipidia so it must be right:
    technical insolvency is a synonym for balance sheet insolvency, which means that its liabilities are greater than its assets, and actual insolvency is a synonym for the first definition of insolvency ("Insolvency is the inability of a debtor to pay their debt.")

    So, Mr Cox, according to information on NZ Companies Register, your Company, Imperium Group Holdings Limited, 3236877, with you listed as the Director and Shareholder via your private company, Praetorian Private Equity Pty Ltd As Trustee For Praetorian Private Equity Discretionary Trust L13 600 St Kilda Road, Melbourne, Victoria, 3004 , Australia - had Total Assets of $2, 337,185 and Total Liabilities of $2,784,136 making a negative Equity of $446,951 as at June 2014. Mr Cox, please explain how you are not in contempt of the Australian Senate.

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  8. #38
    Immortal GIGS20's Avatar
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    Yep, found it, nice little diversion from the truth Mr Cox.

    I see you're quite happy to mislead the senate, does that carry a jail term?

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  9. #39
    Champion Bakkies's Avatar
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    Exactly, Cox is right about one thing only which was the name of the company mentioned in the hearing.

    I see you're quite happy to mislead the senate, does that carry a jail term?
    Providing incorrect information can put you in contempt.

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    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

  10. #40
    Player lou's Avatar
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    Yes it does but no ones ever gone to jail for contempt of the Senate - yet

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  11. #41
    Champion Bakkies's Avatar
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    technical insolvency is a synonym for balance sheet insolvency, which means that its liabilities are greater than its assets, and actual insolvency is a synonym for the first definition of insolvency ("Insolvency is the inability of a debtor to pay their debt.")
    Technical insolvency is the same as cash flow insolvency.

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    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

  12. #42
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    Quote Originally Posted by Bakkies View Post
    Technical insolvency is the same as cash flow insolvency.
    Cash flow insolvent is where you could pay your debtors if you sold your house (or hotel or non current asset). Technical insolvency is where if you sold everything you'd still fall short. His lot appear to be the latter. At 2015 rate they'd have dug themselves out of the hole in about 8 years. I nice cash windfall for the group certainly would have helped.

    It's pretty damning that he hasn't addressed the rest of the accusations levelled at him. But it's pretty stupid lying in an email. Maybe hoping name confusion will undermine everything.

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  13. #43
    Legend Contributor Alison's Avatar
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    It seems pretty clear to me that contempt of Parliament must surely end up being one of the findings of the inquiry. In which case, itíll be back into the witness box for those accused!! And this time itíll be really serious!!

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  14. #44
    Champion Bakkies's Avatar
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    It's pretty damning that he hasn't addressed the rest of the accusations levelled at him.
    That's why I mentioned that he it appears that he has got a lawyer. He wouldn't have been able to avoid the terms if he was called up as a witness.

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    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

  15. #45
    Champion Bakkies's Avatar
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    Another thing to look at is surely trying to stall the take up of Own the Force share purchases is a restraint of trade.

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    https://omny.fm/shows/the-alan-jones-breakfast-show/cameron-clyne

    Link to Senate Report http://www.aph.gov.au/senate_ca

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