Originally Posted by
Enumerate
You make a number of mistakes in logic here.
Because Aorangii had manual systems - you claim they breached their duty of care in record keeping?!? False conclusion
No - because the Report refers to : "In our opinion the accounting systems for HMF are not adequate.
Because of the nature of HMF’s accounting systems, it is not possible to accurately calculate the
value of HMF at any time. HMF is presently estimated to be $70 million. The actual value of
HMF will not be known until the reconciliation is completed as at 31 March 2010 and then
updated to 20 June 2010."
"A lack of paper work is also impeding our progress. The standard of the paper work for the entities
is not what we would have expected to have found for business entities of this size and complexity.
As a result, we will need some time to complete a review of the position and to decide what action is
needed."
Because Aorangi is criticised for its record keeping - you claim this applies to SCF?!? False conclusion
That is your inference - not mine. My point is that AH had access to billions via SCF, Aorangi and other entities. There is a duty of care pertaining top investing the funds and use of the funds.
You claim evidence has been presented and imply some dark overtones?!? Are you attempting to mislead, or deceive?
What do you think the SM report is, Enumerate? Just some flight of fancy narratives written by some school kids?