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.
Water has been returned to Kinnairds and Black wetlands to help with their revitalisation after bushfire damaged them in February.
More than 2200 people have signed up to show their support for a campaign to have the green route chosen for the new Yarrawonga Mulwala bridge.
Members of Murchison Book Club are hosting a literary lunch with Vivien Achia, author of Marrying Italian — When Love is Not Enough.
Matches were split up over Good Friday and Easter Saturday throughout the region.
Painter Ben Winspear and Scott Wileman will create new works as the public look on during the at Rochester Art Exhibition.
Kyabram Bombers have the chance to beat Rochester under light for the first time this Friday evening.
Lions star recruit had a tough introduction to the GVFL.
Tocumwal's Don Elgin is aiming to compete at the 2014 Commonwealth Games in Scotland
Eighty residents at a forum determined the Heathcote Community Plan was on track but need some fine tuning.
Cobram skate park hosts skateboarding and music for youth week.
Senior state minister Adrian Piccoli reaquainted himself with Deniliquin yesterday, leaving Deniliquin Counil hopeful it has an ally in him.
With his blue eyes and snow-coloured coat, Nanneella horse Sinatra has looks worthy of a fairytale.
Fourteen-year-old Benalla girl Jaimee Linke will launch her debut novel next month.
Discover unbelievable local deals from local businesses every week in the Goulburn and Murray Valley area with Leapon.com.au!
Search properties for sale or rent across North Central Victoria and Southern NSW. Visit your local website for local homes....
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.