Further proof of the 'Dream World' Terry Butler and his team have been operating under. I am sure that the 'average' Debenture holder, who, has had to rely on the media to learn that they are not going to get their hard earned savings back when they fall due and are not going to get the promised interest payments to help pay the rates or other extra living essentials are going to trust a management team who have not seen it important to keep them informed of what the true situation is.
Now all of a sudden they wish to consult them.
I note that Terry Butler claims that his immediate family hold 1.8% of the debentures. May I suggest that if he is so confident, that he moves to increase that holding. I wouldn't hesitate to sell him mine but would be rather fearful of the 'stampede' of others who would be joining me.

wtf? I mean wafd.

LOL :)

You are right there Davo,

Im just somebody that wants to see a fair outcome for all parties.

Bruce - unfortunately WAFD is a solicitor's nominee company. Basically a blind trust to hide who holds the true interest. Barry Whale will hide behind solicitor-client confidentiality if asked any questions.

Now who would be sufficiently motivated to hide their interest like that???

It needs to form part of the receiver's investigations as they will be able to see all the documentation from DFG leading to the loan.

HI Bernard,

Would this be a big enough story for you to consider doing some digging? I know that you are a busy man and doing a great job too, but it seems to me that the implications could be as large as that of Pertricivich.

THanks Bernard I appreciate it