Footnote to previous blog entry.

Yes, my wife read my earlier announcement and made me fix the errors or else. Sorry but I was in a hurry. When I received the news we were in Pick 'n Pay. My wife was picking and I was paying - otherwise she is fun to be with. So I had to rush home, and then the Internet was off line reboot, reboot again and there we are, mistakes and all.

Soraya of GDLK Attorneys (I now have two favourite lawyers, any other candidates?) has kindly provided me with a copy of the court order. I will make it available to you but because of its heftiness, I would need to upload it to my own web site. Please go to www.chromatique.com click on the "Download Repository" and follow the links to the "Edwafin" section. The court order is marked "Court Order" (how else?). This will happen in the next hour or so.

The world is buzzing!

The Judge has Spoken and said:

Edwafin has been granted a provisional order of liquidation.

Whilst shopping I received a phone call from our friends in Pietermaritzburg and was informed of the judge's decision. Mr. Geyser of GDLK Attorneys also sent the fax below and requested to have it published here. Please read it carefully and direct all questions to GDLK Attorneys or perhaps via your own attorney.

I want to thank Soraya Parker for keeping me informed and appreciate her and her firm's work in this matter.

My heart goes out to all that were desperately hoping of some way out but remember the universe always looks after its own. At least the months of desperate waiting and tension is now somewhat over: now we have to wait to see the bow of the ship slowly sink below the waves.

Patrick Stapleton. In your own words: "It's all over. Finish and Klaar"

20090522 Geyser Judgment

Publish at Scribd or explore others: Law & Government liquidation order edwafin

Lost and found: Edafin in heaven?

Today a short one. I have to watch out for my dogs and the vegetable patch. First they learnt to pick the plum tomatoes, but now they have progressed and have developed a taste for cabbage, broccoli, and cauliflower (yes, they sleep on our bed, can you imagine!). The other day I had picked a cabbage and had put it on the ground to attend to some weeds. When I looked down, Pedro was busy gobbling the cabbage. But we love them to bits, and intend having them cloned.

Gardiner did have the last word (or shall we say the last subject line) and wished me a happy life while I enjoy the misery of others. Just to let you know.

Pictures! I have three and Google seemingly has no objections - bless them while we are at it. Can anybody please tell me who this person is:











No cheating now, once you have guessed correctly, I will let you have a link to another clue.

Ex-employees request

I thought that I was done, but had forgotten two matters that need to be brought under the attention of ex-employees.
One of the ladies wrote yesterday that she had a dilemma as far as her tax - IRP5 is concerned. Apparently she has not received her IRP5 from Edwafin, nor some of the last salary slips that proves that tax was deducted from her salary. Others have reported issues in similar vein. It seems that there is also a problem with pension deductions that essentially dissolved into thin air.

My suggestion to the lady was that she immediately contact SARS and inform them of the situation, and if other ex-employees in the same predicament follow suit it would probably strengthen your case. Another idea would be to consult with a labour lawyer, they are usually rather nifty in such circumstances. What you should not do is procrastinate or wait until the fan is blowing at gale force - act now.

Suggestions from other ex-employees would be very welcome.

Then my friend Marc Ashton of Fin 24 has invited any ex- or current employee with gripes and tales of woe to contact him, even if you would want to stay anonymous. He is an excellent reporter, and I can vouch that he will respect your wishes. Below is Marc's invitation in full:

If there are any Edwafin employees who would like to put forward their side of the story in the media and not be "tarred" with the same brush I'd love to hear from you.

Marc Ashton
Fin24.com
marca@fin24.com
082-561-1585

She helps you loose it, then she helps you get it back

I must admit we have some very sharp anonymouses (or is that anonymice) in our midst. Yep one picked up the email address of Carole Gardiner and traced it back to the following website (thanks anonymous you are a star):
Www.bouncegroup.co.Za

Publish at Scribd or explore others: Business & Law Finance bouncegroup

Man oh man, isn't this reality of ours fun: first she helps you loose it, then she helps you return back to normal - at a price of course. No wonder that they say that the archetype of a clown is usually a sad one.

And yes, the lady responded to my somewhat heavy-handed answer to her letter:
20091520 Response carole Gardiner

Publish at Scribd or explore others: carole gardiner

Believe me, I can say a lot, but I do not intend to make this blog a slanging match between myself and anybody else. However, permit me:

• Your phone conversation with me was disdainful, arrogant, ignorant of the facts, unhelpful and plain rude. If 2000 Cape Townians like your style, well that is their prerogative - they can always turn to the mountain for guidance.
• Based on that experience, I never intended to have a 'clear line of communication' with you. I don't think you had anything sensible to contribute then and especially not now at this point - and it shows.
• Again you ignore the plight of the 4000 investors, that you and your friends undressed, and focus all the attention on yourself - self-pity it is called, a convenient way of drawing the attention away from realities.
• There still may be plenty of opportunity for you to defend yourself in time to come. Nobody demands that of you at this moment.
• You totally ignore all the shameless lies, untruths, and deceptions that were perpetrated by you and your masters - while you were there and afterwards. Much of it recorded on paper and disseminated to the public. Nowhere do any of the pardoners, apologize for the serious ride we were taken for, but the merely want to do business as before, as if nothing happened - 'trade ourselves out of trouble." Hum-hum.
  
• Two quotes from your letters, juxtaposed: "It’s a great pity as you may have gained some useful insight into the issue..." and "in the absence of being privy to any rescue plan and for the sake of the Edwafin investors". Now what really are you telling us? Are all those investors you spoke about now no longer on the horizon? Were you actually fibbing yesterday??? Our most important insight is that Edwafin squandered R200 million of our money. Now that is a useful insight.
  

Jechchi ... conversation is over. Good luck with the new venture, hopefully it will bring you fortunes.

Further responses from Gardiner will be published but not responded to by me.