I liked this one from the interest.co.nz thread. No prizes for naming the resident Hubbard Cultist on this site !!Quote:
by andyh | 18 Jul 10, 4:35pm
I shouldn't preen yourself to
0 points I shouldn't preen yourself to much if I were you. You seem unable to grasp the fundamental problem here. Lets remind ourselves again:
''Grant Thornton warned there was a risk investors owed NZ$96 million may not receive all their money back''.
Never mind this smokescreen about interest payments being made and quarterly statements being issued. The investigators are trying to tell you something that you and the other Hubbard cultists seemingly refuse to accept. That is that these investors PRINCIPLE is now impaired. Ask yourself how that might have happened? Where might the interest payments have been met from? There certainly wasn't much income being generated for Aorangi investors from the interest free loans he was making to friends and associates through the laughably termed 'charitable trusts' was there? Are you really not able to join the dots?
And spare us the chaff that Hubbard will make good from his own funds. He hasn't remotely come close to making SCF whole in the past 12 months (indulging instead in a complex and ineffective shuffling of assets to give the semblance that he was still a multi-millionaire able to 'put things right'). SCF is at death's door and Hubbard has been able to do nothing about it. His latest failure (the 'big third party investor' who was meant to come on board by June 30th) appears an invention of Crafaresque proportions.