FIN24, FSB, NPA and Documents

FIN24
Marc Ashton of FIN24 visited me this morning. He is a very nice, and intelligent young man who appears very sincere and wise.

Marc will in future be following the Edwafin story on FIN24, and has invited anybody who would like to share information or experiences to email him at marca@fin24.com, or to call him on his cell phone: 082-561-1585. Perhaps Marc will also remember to see if he can find a photograph of Carole Gardiner in their files - it would give one such a feeling of completeness to have them all in focus; a happy family.

Documents
Then, I have made all the documents that are included in this blog public and downloadable. Thanks to modern technology, that took merely a few clicks of the mouse button. There are a few documents in my possession that have not yet been published yet, and these include the copies of the prospectuses that I have managed to obtain. They are for the debenture series, C and D (what an adventure it was to obtain those!). I would like to offer copies of these prospectuses to any who would like to have them - even if your debentures are part of another issue, it may be handy to know that the contents of the prospectuses are mostly the same.
Unfortunately, these are hefty documents and cannot be transferred to the Scrib server, but what I will do is scan them and place them on my own website at www.chromatique.com. On the left hand side of the page, on the main menu there you will find the "Free Download" tab, just follow that and you will arrive at a category called "Edwafin" (how else), follow that and you will be able to download the documents that are available there. I will try and make some direct links available as the documents are uploaded to the server.
You might want to go there again in the future, as I might make available more documents as they become available.

FSB
Once before I tried to contact the FSB to see if they would be prepared to investigate the Edwafin story, and I have noticed that others have approached them as well. To date nobody seems to have had any response from them. Perhaps they have not yet realized that the holidays are over, and that a new year already started a few months ago.

I wrote another email, today and we shall see.... In any case I have added the Liason Director, Mr Russel Michaels to the email list for new postings on this blog, and let's hope that some response will be forthcoming. One should keep in mind that they should be well aware of the situations, as Mr Stapleton (CEO: Edwafin) told me some time ago that the authorities had been informed. Nevermind, though, we should keep in mind that our little Republic has many empty offices, identifiable by the customary acronyms, dotted around the country, that they possibly did not inform the correct authorities. This would never be known as information provided by Edwafin, as per usual is prity scant.

Perhaps, I may suggest one thing (amongst many others) that the FSB might want to investigate: old Patrick told me once that he had invested R10,000,000.00 in Edwafin, and let's say that he is frugal in giving himself an interest rate, no not 25%, not 20%, not 18% but only the basic 15%. That means he would receive a monthly interest of R125,000.00, and we are not talking of the interest received by other family members and colleagues. I think that I as investor would already feel som much better if they treated themself with the same restrictive measures as they do us. I am actually sure they do, but it would be nice to know for sure.

National Prosecuting Authority
An email was also written to the NPA - very famous in South Africa and I explained the Edwafin investors problems to them. Especially, the fact that the company is illegally keeping our money. We'll see what they make of it. Perhaps one's hopes should not rise to high, as they suggest that one uses the call centre, and call centres and me just don't get along very well. How, in any case, are you going to explain such a complex tale to someone over the phone. So I put them on the mailing list as well. If they don't like it, they can tell me.
Should you want to write to them as well here the address: communication@npa.gov.za.

Currently, I have a list of about 40 co-investors who I intend to sms with the details of this blog and the forum tonight. Should the reader have access to contact details of any investors, you are welcome to contact me at mkoppers@chromatique.com, and perhaps we can compare notes. With a class action being a real possibility against Edwafin and its directors it would be prudent to have as many individuals involved as possible.

Interlude: Saturday 28 February

Thursday was an eventful day, and I had hoped that Friday would be calmer. However, life does not conform to hope, but to reality as created by us humans.
Before continuing with the chronology of events, I will briefly outline yesterday's events.
In an earlier interlude I mentioned that at the beginning of this week, I had informed Mr Stapleton about this Blog as well as the creation of a "Group" on Facebook.
On Thursday evening, while in bed I received an email from Mr Stapleton responding to my planned action. The contents of the email will be shown further on in this Blog. However, let it be known, that I wasn't impressed, and I worked until the early morning hours to return the favour (also show in its chronological order - we need to keep the suspense going).
Yesterday, Friday 27 February, my wife and I delivered the copies of the prospectuses to our attorney's office, and later that day in a consultation via the telephone and email gave her instructions to beginning legal action against Edwafin. We were also going to sue for damages and investigate the possibility of bringing charges of fraud against the directors of Edwafin singularly and collectively.
Sometime during the afternoon (Friday still) an email arrived wrom Mr Stapleton that put the whole issue in a different perspective and, if he holds by his word, the matter will be resolved by 31 May 2009.
My returning email promised not to make this blog or the facebook group public until 31 May 2009. If Edwafin has then kept its word, both will imediately be removed from the ether. If not - well you are reading this blog, aren't you?
The legal action is now also on hold.