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  1. 14-07-2009, 10:41 AM #91
    rainey
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    A browse of the companies registery website " also owns" indicates to me that SCF,s exposure to agriculture is far greater than they are admitting too
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  2. 14-07-2009, 10:52 AM #92
    winner69
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    Quote Originally Posted by rainey View Post
    A browse of the companies registery website " also owns" indicates to me that SCF,s exposure to agriculture is far greater than they are admitting too
    Hubbard is a director of so many companies he must get writers cramp signing off the accounts each year .... wonder if he can keep track of them all
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  3. 14-07-2009, 05:51 PM #93
    Misc
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    Rainey , the exposure to the Ag sector is nothing compared to the Property Development sector. A quick search of 'Satuit Properties Ltd' on the Companies site will tell a story ... and undisclosed story at that ... bit like Fiji ...and so many more if you care to do some research!
    Has anyone asked how CEO Lachie Mcleod is managing to pay his $900,000 p.a. interest bill to SCF?
    John Key to the rescue?? Or the end of the line for this once proud company?

    Misc
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  4. 14-07-2009, 07:15 PM #94
    Billy Boy
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    Quote Originally Posted by Misc View Post
    Rainey , the exposure to the Ag sector is nothing compared to the Property Development sector. A quick search of 'Satuit Properties Ltd' on the Companies site will tell a story ... and undisclosed story at that ... bit like Fiji ...and so many more if you care to do some research!
    Has anyone asked how CEO Lachie Mcleod is managing to pay his $900,000 p.a. interest bill to SCF?
    John Key to the rescue?? Or the end of the line for this once proud company?

    Misc
    Have just returned from the deep south.....
    and the great white farthers are saying....
    You are spot on Misc...
    Lachie !!! problem....
    The South is too small to wheld "Jafa type Sh*t".
    SFC is fine, Just needs some day to day tweeking....
    Watch this space.....
    Cheers to all
    BB
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  5. 14-07-2009, 09:45 PM #95
    bermuda
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    Quote Originally Posted by Billy Boy View Post
    Have just returned from the deep south.....
    and the great white farthers are saying....
    You are spot on Misc...
    Lachie !!! problem....
    The South is too small to wheld "Jafa type Sh*t".
    SFC is fine, Just needs some day to day tweeking....
    Watch this space.....
    Cheers to all
    BB
    BB,
    My sources predict a very tenuous time for SCF. One source told me to get out quite a while ago....and I am so glad I did.
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  6. 15-07-2009, 05:33 AM #96
    rainey
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    Could someone please explain how the govt gaurentee works for investors in this company. I dont have money in, but am close to an organisation that has
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  7. 15-07-2009, 07:05 AM #97
    The Doctor
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    Default when it..

    goes tits up...you get your money back...no interest of course.
    \"death&taxes t.o.s.b\"
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  8. 15-07-2009, 07:54 AM #98
    Jay
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    As long they have not broken any rules!
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  9. 15-07-2009, 08:43 AM #99
    whatsup
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    Quote Originally Posted by Misc View Post
    Rainey , the exposure to the Ag sector is nothing compared to the Property Development sector. A quick search of 'Satuit Properties Ltd' on the Companies site will tell a story ... and undisclosed story at that ... bit like Fiji ...and so many more if you care to do some research!
    Has anyone asked how CEO Lachie Mcleod is managing to pay his $900,000 p.a. interest bill to SCF?
    John Key to the rescue?? Or the end of the line for this once proud company?

    Misc
    Mis...., One way some of these financial type organisations help to "pay" interest is for them to allow the borrower to "capatalise" the interest payments, a very dangerous practise indeed as that really is either compounding or doubling up on the interest owed!!!
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  10. 15-07-2009, 09:38 AM #100
    rainey
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    Thanks all for info
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