Thursday, November 26, 2009

Can you smell the sea air through the bars already?

This is short - life beckons, but because some might not have received it yet, here is the third circular from the liquidators.


Salient points:
The inquiry will take place early in December. Of course, you have guessed it, the most important players in the game- us, the investors - may not be present. That's for what its worth - its about your money but you may not know what is being said. Viva la Africa Sud



Then, an interesting statement in the letter states that their preliminary investigation has shown that Edwafin was never an "income generating activity." We, the investors already know what that meant, but in short the masters of the company never really allowed our investments to work towards generating an income, and therefore merely used our money up.

I was tempted to provide you with a few famous words, a'la Patrick and Don, but why bother, we have heard it all before.



Hey, Patrick, Don, and cronies, I have visions of steel bars overlooking the Durban sea, four hands, each clutching one bar - the only freedom: smelling the fresh wafts of the sea breeze, and the screeching of sea birds in the distance.



I'm sorry that there is only a link, but it seems that Scribd has changed the system, and apparently it is no longer possible to show the documents directly on the blog. Just click on the above link, and you will be able to read it.


Hoola, hoola

2 comments:

Anonymous said...

I think that they should investigate the Australian division as well. It would make perfect sense that if they were going defraud investors, moving money via Protea Trading is the obvious way to go.

Anonymous said...

Never an income generating activity = Ponzi scheme

Need for further investigation are these fools idiots or what?? Sounds like they have the same qualifications as the Edwafians...