St Laurence Investors shattered
St Laurence Investors shattered
MEDIA RELEASE 19
November 2008
EUFA
(Exposing Unacceptable Financial
Activities Inc Soc)
www.eufa.co.nz
St Laurence’s
latest plan to repay money has come as a huge shock to
investors, who thought a decent and genuine attempt to
resolve their losses would be realised.
An elderly investor who does not want to be identified said to a EUFA volunteer this morning “ This has ruined our lives and we are now just waiting for the next shock which will come from Hanover – this is killing us both”
Largely - people’s lives are on hold while they await the return of their savings - invested as low risk and with assurances.
The finance Company Directors sector have
treated investors as idiots while at the same time holding
them to ransom with promises of putting “their own
money” into the finance companies. The Directors also make
pleas of their own losses, yet still draw down on luxurious
lifestyles.
Investors must demand accountability from
this sector and call on our New Government to govern and
ensure the proper policing is done and that the laws of the
country are enforced. While these companies go into lock
down and use investors money to prop up their own liquidity,
the New Zealand economy suffers and individuals lives are in
turmoil.
Suzanne Edmonds Said from Tauranga this morning “ EUFA are writing to Mr Key and Mr Power today, requesting intervention - including the setting up of a working party to include EUFA members which will enable investors to be represented. Presently - ‘divide and rule’ - and - 'hidden information' - are the games being played out by the other side.”
ENDS