- to make known to the world that Edwafin is trying to renege on its undertaking to repay investors their capital in case of them defaulting;
- that as far as Edwafin is concerned, clause 12.2 of the Debenture prospectus is not worth the paper it is written on;
- they are prepared to use extreme bully techniques, and high powered legal assistance to achieve their subjugating objectives - this is evident from the recent legal proceedings that was reported on, and the general comments of their financial director and the CEO, Mr Stapleton;
- unless Edwafin proves differently (not just by airy fairy statements), that there is no reason to think otherwise than that the company is bankrupt and, by its actions, has given good reason for its investors to regard it as being essentially insolvent, and unable to meet its commitments; and finally
- that by their vague statements and weaving, half truths, they have shown themselves to be less than honest and sincere and excellent examples of vagabonds, who will do everything to hide the true state of affairs concerning their financial status.
Since, Stapleton's last curt "that's the end of it" - email, Edwafin has been as silent as a grave deserted by its ghosts.
1 comment:
Hi
My mom who is a widow has invested her money in Edwafin, R100 000. Carol Gardner being her broker.Well now she got this letter to attend the meeting in Cape Town. She is desperate to get her money back, what advice is there for her.
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