Balance, you remain neither silent nor a majority nor truthful.
Possibly true - but that is NOT the legislative nor the regulatory framework. You have ignored the point.Quote:
Originally Posted by minimoke
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An insight into the truth as seen by AH & cultists :
"Mr Hubbard said that's not the case, as the funds were his in the first place. He says he then had them transferred to the trusts ahead of Aorangi issuing a prospectus.
He told Radio New Zealand's business editor he "never borrowed" and it was "always kosher".
SM Report states : ""To date we have seen clear evidence that there is an intricate and complex relationship between the affairs of Aorangi, Te Tua Trust and the affairs of Mr and Mrs Hubbard and other associated entities." ""The level of investments in (including loans to) businesses associated with Mr and Mrs Hubbard without registered security is of concern. Most of these investments are in or to farm businesses that have loans from banks secured by a mortgage over the assets of the farm. This could mean, in the case of direct investments in those farm businesses, that Aorangi would only be paid after the creditors of those businesses were fully paid."
LOL - the above usually brings the cultists scurrying back into their 'interest-free' tents.
LOL indeed. In my experience and i've done this myself to some extent and seen it in other businessmen many other times, when people are really struggling with health or relationship break-up problems their's a high propensity to go into "denial" about their business problems. My observation is this is a profoundy powerful self defense mechanism, sometimes business people just can't cope when all the s#it in the various aspects of their life hits the fan at once...Perhaps old age, health issues and the GFC are a powerful combination for at least a moderate degree of denial ?
There's little question he's tried as hard as he can to keep it all together hence the extremly alarming increase in rpt's you've been alluding too.
Perhaps part of the reason for the SM is AH is in denial that his ordinary shares in SCF are close too, or completly worthless based on a realistic valuation of all receiveables as at 30 June 2010 ? Perhaps this denial has stalled the negotiations regarding new equity coming in, (AH wanting too much for existing equity). Maybe the Treasury by imposing SM and controlling the process have invoked their own self-defense mechanism ?
Is there a link to this Radio NZ interview or a full transcript, rather than the 4 words that are being quoted, potentially out of context, thanks.
searching the radionz.co.nz website will reveal the audios
or click this
http://www.radionz.co.nz/search?mode..._query=hubbard
nothing recent though
this is the most recent one from the 15th July
http://podcast.radionz.co.nz/ckpt/ck...estors-048.mp3
Gracious peat, will have to wait until I get home, no headphones at work :p
Hi to you Westerly. If they're not a dog, what are they...on second thoughts, don't answer that. Have you got any genuine insights you'd like to share...its easy for ANYONE to sit on the side lines and be critical...If you want to be taken seriously, that won't cut the mustard on this blog mate.....
I'm not sure you'll find it. The RNZ quote used by Balance is a web page publication relating to a discussion the Mousiness Editor had with AH - I'm not sure that conversation was actually broadcast. What I've heard AH say is not that it was all kosher - but had he been given time he could have got it all kosher. Apparently Docs were being re-written by solicitors ahead of a prospectus release. There was also the case of the elderly lady who put all of her life savings into Aorangi - thats not a sophisticated investor, nor is it something a Financial Advisor should be recommending.