Kyabram to hold meeting on forming a Banksia debenture holder committee.January 9, 2013 4:56am
More than 600 people who packed Kyabram P-12 College assembly hall in December heard that Banksia Securities did not have enough provisions to cover its loans.
A meeting to discuss the proposal by receivers McGrathNicol to forming a Debenture Holder Committee of Banksia Securities and Cherry Fund investors is to take place in Kyabram on Monday evening.
The meeting is to follow up an idea, raised at the investor information sessions run by receivers McGrathNicol on December 14, to have a committee to represent investors and liaise with the receivers.
Four Kyabram identities, Peter Hann, Peter Nelson, Don McKenzie and Doug Crow, have set up the meeting.
‘‘An indication was given of the receivers’ preparedness to involve small groups in the realisation of the loan assets of Banksia Securities and Cherry Fund,’’ Mr Crow said.
‘‘We have accordingly lodged our interests with the receiver and will hold a public meeting to gain support and give people an opportunity to provide suggestions in relation to this.’’
Mr Crow said the group’s intention is to provide a strong voice to the receiver on behalf of all Banksia and Cherry Fund investors.
‘‘We’re really seeking to get people there to give us support for what we’re doing. We just want people to know we are going to do what we can to maximise the result,’’ he said.
‘‘We want people to come along and give us their thoughts, give us their support, so we can go back to the receivers with a strong voice.
‘‘If we can tell the receiver that at a meeting in Kyabram on January 14 so many hundreds of people unanimously supported what was proposed you would be disappointed if the receiver didn’t take some notice.’’
Solicitor Rob Crow, who is part of a legal team involved with the class action lodged on December 24, will also be attending the meeting to briefly outline the process of the action.
About 32,000 Australian children currently live with childhood heart disease, including 15-month-old Mitchell Morley.
At the presentations located at the half-way mark of YMGCR's Lake Course, PGA Legends Co-Ordinator Andy Rogers said, "It's been a great three days.
Tatura’s rainfall for the last three months of 2015, 116.6mm, was marginally down on the long-term average for the same period, 120.8mm.
KIRSTY Ramadan has dedicated her life to rescuing animals in Echuca and surrounds for 20 years.
ROCHESTER has welcomed a new family into the community this year.
More of the districts newest preps
The Finley community will always remember the tremendous Trevor Hendy, who was friends with everyone.
TOOLLEEN Recreation Reserve Committee of Management presented three awards on Australia Day in front of 80 local residents.
There was a nostalgic moment shared between a number of long-serving Cobram firefighters last week as they fondly farewelled the station they’d called home for decades.
Deniliquin doctor Marion Magee says she is disgusted with the treatment of local nurses.
After 27 years of dairying, Undera farmer Rob Backway gave up 130 cattle to move into cropping — and he has never looked back.
The News magazines are online - read high quality magazines in your time. Check in regularly for the latest editions.
Riverine Herald's well regarded locally produced magazines. They're now online, so you can read them whenever and wherever you like.
Search for published and unpublished photos from McPherson Media Group newspapers and magazines. All our photos are available to purchase.
Place an advertisement in any one of McPherson Media Group's local newspapers.