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.
Talisman Craig Carley has left the Goulburn Valley Suns to try his luck at Hume City.
After building his form in a consistent effort during the past 12 months, Mulwala double trap shooter James Willett has staked his claim on possible Olympic gold after taking out the ISSF World Cup last week.
The Aboriginal and wider community is mourning the death of revered Bangerang Aboriginal elder, Uncle John ‘‘Sandy’’ Atkinson.
Breanna Hawken was living the perfect dream but within weeks of the birth of her second child would discover death was stalking her. She tells her dramatic, moving and uplifting story to IVY WISE
CAMPASPE V/Line passengers are calling for faster train speeds between Echuca and Bendigo.
Lions Club charity money was stolen from a Kyabram barbershop Tuesday morning.
Seymour suffers disappointing loss to Euroa
Barooga transport owner-operator Glen Kearney says he is relieved the Federal Government has abolished the Road Safety Remuneration Tribunal.
DESPITE criticism from within the community over a perceived lack of use, the O’Keefe Rail Trail has enjoyed good traffic over the past couple of weeks, with more to come.
A week after winning a prestigious Rotary award, Cobram resident Keith Parry still can’t wipe the smile off his face.
School fundraises for student with leukaemia.
ix industry and local government representatives, five water services committee members and two community members have been appointed to the new Connections Stakeholder Consultative Committee.
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.