South Canterbury Finance Limited

**temuk** · 28-11-2009, 09:26 PM

Originally Posted by Balance

Doesn't matter whether you drown in 1 foot or 10 meters of water - drowning is drowning.

Hanover and SCF were both used as the private piggy banks of Mark, Eric and Alan - just look at all the related party transactions.

It makes a difference when Mark related party loan is for a $30m house and a birthday
party in FIJI!!!

Alan's related party loans are for legit business deals ( when others commit, then say
sue us we just an't got the money on a friday @ 4.00 and the moneys needed on tuesday).

**temuk** · 28-11-2009, 09:33 PM

Originally Posted by Balance

Read your earlier post. Why did SCF buy shares in public listed companies? Operative word is "did".

No two ways about it - Hubbard saw SCF as his private piggy bank to do as he pleased.

The aftermath of such reckless behaviour is there for all to see - those who want to see, anyway.

I think Mr Hubbard Brought shares in another finance co with his own money.(the same bank acc he drew on for SCF)
But I stand to be corrected.
I think he also dipped into NZOG ( wasn't that a good investment).

**temuk** · 28-11-2009, 09:50 PM

Originally Posted by Balance

It's call force majeure. No court of law would rule for specific performance under such circumstances.

So Hubbard then thought it's okay to use SCF's public money to fund the helicopters.

Private piggy bank.

SCF's related party loans weren't used to 'prop up' but to 'expand' opperations, as explaned in a post the other day.

If you want to know facts give Lachie a ring, but make it fast!
I think he will shoot from the hip. ( I won't say why).
Work that 1 out if you want to show an 'INTEREST' balance.
no pun intended but i've got a whispher who you are.

**Dr_Who** · 29-11-2009, 07:32 PM

Originally Posted by temuk

no pun intended but i've got a whispher who you are.

If you gonna make accusations like this you got to back it up. Come on spill it out, dont beat around the bush like a pansy.

Who is he?

**temuk** · 29-11-2009, 08:05 PM

I'll keep it under my hat at this stage Dr but
I have droped a hint in the message.

**GTM 3442** · 30-11-2009, 09:13 AM

Originally Posted by temuk

Work that 1 out if you want to show an 'INTEREST' balance.
no pun intended but i've got a whispher who you are.

Seems somewhat poor form to "out" someone without stepping out of the closet yourself,

**Misc** · 30-11-2009, 09:55 AM

Agree! Temuk seems to be raking Te Muck!! Piss or get off the Pot sonny.

M

**westerly** · 30-11-2009, 02:21 PM

As a SCF invester and having observed this thread for sometime, I have wondered about the completely negative and often factually incorrect contributions of Balance and Misc.
And Temuk hasn't accused or outed anybody.
Westerly

**Dr_Who** · 30-11-2009, 05:32 PM

Can someone lend me $100m with no recourse?

If I make money on the $100m I get to keep it, but if the ventures I have invested in goes belly up, then I get to walk away... oh, I forgot, you will get an interested rate of 8% p/a.

Cheers mate, I will shout you a beer also.