Showing posts with label Edwafin 2nd liquidation circular. Show all posts
Showing posts with label Edwafin 2nd liquidation circular. Show all posts

Monday, November 30, 2009

And the scum foams wherever you rest your eyes

Last week we had a brief look at the liquidators' self-righteous and exclusive possession of the Edwafin saga. We have to ever so slightly honest about the matter:  the little bit of money that might still have been left in the Edwafin cash-box is being plundered by them, and we are being excluded from the process. What I find most wondrous of this kind of situation is that they proudly announce the appointment of a retired judge, and then equally matter-of-factually announce that the enquiry would be private and secret. Without explanations, rhyme or reason.



But for us, living here in the southern part of the African continent, such unexplained secrecy should come as no surprise. We have become so used to this style of activity when people have thingies in their little cupboard to hide, that we hardly blink twice about it.


Now, you folks should know by now that I have a spirit-filled respect for the human reality, but they don't fill me with awe. So putting a retired judge at the head of an enquiry does not fill me necessarily with confidence. Let us assume that he was born normally - like all of us - and that the ensuing rest of his life was perhaps a model of respectability, honesty and sincerity. The question that now weighs heavily on my youngish soul is "why would such an honourable, retired person be part of such a deplorably secret situation?" I suspect that the folks in charge of things such the consequences of human shortcomings, tend to lose touch with the reality - the victims of the human-on-human abuse. So what do  you do, when you can't handle the reality? - you just leave them out. Of course, in view of the lack imposed information by those entrusted with our affairs, they have no reason to complain when we, the victims, drawing our own conclusions - as they surely, and self-righteously will.


It thus that I received an email from an admirer that brought back memories. Remember those early days, when there still was uncertainty about the liquidation of Edwafin? During those historical days, I had occasion to communicate with the offices of attorney, A Geyser, orf rather with one lady in his office.


Mr Geysers came back to life in the email containing the following link: THE CRIMINAL CONVICTION OF ATTORNEY ANDRIES GEYSER.htm. Go fetch, Sibi, go fetch!


And I keep trying to convince people that the universe is not a clown.

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

Friday, August 14, 2009

News - News - News

For those who haven't seen it yet, the 2nd liquidator's circular has become available, and I have included it below. Please read carefully as it tries to provide answers to many of our questions.

It seems that every time we have some news about the state of Edwafin, the news deteriorates. Ponder back to the statements made by Stapleton and co-creators of disastrous events in the universe. In between there was cute little Verona with some figures of her own that still gave us some hope of a small return. One wonders if she is spinning her tales somewhere else now or is she perhaps awaiting the re-emergence of the famous smoke-and-rubber creators? One wonders with abated breath.

There are some interesting point, and I refer to the matter of Rainbow Paints and the opinion of the liquidators that a forensic audit should take place. If you wondered, yes, they will need some extra cash, as old Patrick did not leave much behind to be liquidated with. The interesting question now is if the authorities will come to the rescue as the liquidators hope, and if the investors are so convinced of their case that they themselves will contribute towards such expenses. Wonders, wonders, wonderings - entropy at its maximum.

From the contacts I have had with other investors, it seems that some are willing to pay a bit extra, while others just simply have no money left. Of course, there are also those who are ingeniously hoping that others will take care of the bill. I wonder. mmmm ....

PS. There is a problem with the blog editor and it refuses to display the document on the blog. However, by clicking on the link below you will be taken directly to the Scribd page and will be able to view it there.
http://www.scribd.com/doc/18579936/20090812-Liquidator-Second-Circular