Don't break out the bubbly yet

Many thanks to all the anonymousses who have worked so hard at trying to get information about the insurers of Edwafin. I need to quote one person, as she left her info as a personal message, but I don't want to divulge her name. Before i do that, however, I have a comment to make, but I do so under correction.

When we received our cheques that went unpaid in December, those cheques were not made out to "cash", and I remember that a note with the cheque stated that we should not try and cash it over the counter, but that it needed to be deposited. I speak under correction, but I seem to remember from some time ago that only cheques that bounce which have been made out to "cash" are considered fraud if they bounce. Patrick covered his tracks very well by issuing the cheques and then cancelling them himself. The cheques therefore did not bounce either, but were cancelled. According to me this is a matter for the civil court - and that is where we are now - and not one for any criminal pursuance such as fraud. I'm not saying that they aren't fraudsters, perhaps they are, but I don't think that in this instance you will have such a claim. However, I stand to be corrected.

The liquidator whom I spoke about recently is Mr Eugene Nel of Berringer Inc, in Natal somewhere. He was going to keep the investors in the loop but he was waiting for court documents, and I suppose he is not ready yet. His company is NOT on the Internet so you will search in vain and discover all sorts of interesting things, except Berringer Inc. Here is there phone number if you have important matters to share: 033 3455331.

Now for that quote:

Hi Mario,

I have some information!!!!

Ian Coleman of Coleman insurance is indeed the man who did the Fidelity Cover for Edwafin.

According to him the policy belongs to Edwafin and so only they can place a claim.

However I'm sure the liquidators are now able to process that claim, at least for the RD cheques that were issues.

The policy is with Etana Insurance Brokers (http://www.etana.co.za)

All correspondence needs to be addressed to florence@colemaninsurance.co.za

A lovely young man Matthew at Coleman Insurance who is equally as horrified as us by the actions of the Edwafin Directors (whom he knew through their insurance dealings) has asked for your blog link to forward to other investors who he has had contact with, which I have done, so perhaps we can increase the Class Action List.

Yesterday I had a lot to say, but now I have to go an teach. Should urgent things arise, I will nevertheless report back.