In vorige plasings het ons ingelig oor voortdurende aksies en interaksies van ons kant met beide CIPC en Afriforum en dit is bemoedigend om te sien dat ons aktiwiteite nou vrugte dra
Herman Lombaard van ons groep het gereeld interaksie met Afriforum gehad en bygedra tot hul ondersoek en tot hul aankoms op die punt om nou die NVG uit te daag oor hul vorige besluit oor die bevriesing van die Sharemax/Nova-bates as ‘n mate van beskerming vir die Skuldbriefhouers

Natuurlik is Afriforum se komende optrede ‘n bevestiging van die geldigheid van Deon Pienaar se lang (en onafhanklike) veldtog om die Reserwebank se oorspronklike optrede en talle aspekte van die sakereddingsplan en die uitkomste daarvan onwettig te laat verklaar en vir die oorspronklike bates, nl. die Sharemax eiendomme waarin die Skuldbriewehouers belê het, aan hulle terug te gee. Deon se hofaksies bly aan die gang

Hierdie jongste optrede in samewerking met die CIPC se optrede verhoog ook die druk op relevante owerhede om uiteindelik toepaslike stappe te neem in die uitvoering van voorleggings aan hulle en aanklagte wat gelê is, wat lankal agterstallig is. In hierdie verband het Herman Lombaard so ver terug as 2014 ‘n klag by die Valke gelê. Ondersoek is onderneem en teen 2018 was hulle gereed om arrestasies te maak, maar niks het gebeur nie. Dié is nie die enigste klag wat deur die jare by verskeie owerhede gelê is nie – tot dusver alles tevergeefs

Wat CIPC betref, is hul ondersoek nog nie afgehandel nie en ons is versigtig vol vertroue dat hulle beduidende uitkomste in die nie te verre toekoms sal lewer nie.

In previous posts we have informed about ongoing actions and interactions on our part with both CIPC and Afriforum and it is heartening to see our activity now bearing some fruit

Herman Lombaard of our group has interacted frequently with Afriforum and contributed to their investigation and to their arrival at the point of now challenging the NPA on their previous decision regarding the freezing of the Sharemax/Nova assets as a measure of protection for the Debenture Holders

Afriforum’s upcoming action is confirmation of the validity of Deon Pienaar’s long (and independent) campaign to have the Reserve Bank’s original actions and many aspects of the business rescue plan and its outcomes, declared illegal and for the original assets, namely, the Sharemax properties in which the Debenture Holders invested, returned to them. Deon’s court actions remain ongoing

This latest action in conjunction with the CIPC’s actions also increases the pressure on relevant authorities to, at last, take appropriate action in execution of submissions to them and charges laid, which is long overdue. In this regard, Herman Lombaard laid a charge with the Hawks as far back as 2014. Investigation was undertaken and by 2018 they were ready to make arrests, but nothing transpired. This will not have been the only charge laid with various authorities over the years – all to no avail so far

As far as CIPC is concerned, their investigation is not yet finished, and we are cautiously confident that they will deliver significant outcomes in the not too distant future.

Below FYI

From: [email protected] <[email protected]> Sent: Friday, 06 May 2022 11:33 To: NDCAG Website <[email protected]> Subject: Nova/Sharemax/ Deon Pienaar

Debenture Cert Number: ND 30100. Client Number 450253.
For the first time since 2008 I woke up today to some positive news regarding my R 1m in this ‘sad saga’. I wish you all, my sincere thanks and gratitude for your diligence/work in bringing this crime to the stage that it has.
Well done .. Sincerely
Nick Thomas.

Two articles on the latest development
Twee artikels oor die jongste ontwikkeling

www.politicsweb.co.za/politics/sharemax-npas-decision-not-to-seize-a ssets-bafflin

afriforum.co.za/en/afriforum-to-challenge-npas-decision-not-to-seize -assets-in-sharemax-scandal/

Hier is die skakel na vanaand se RSG Geldsake-potgooi oor die jongste Afrforum-ingryping:

<iono.fm/e/1179967> iono.fm/e/1179967

Here is the link to this evening’s RSG Geldsake podcast on the latest Afriforum intervention:

<iono.fm/e/1179967> iono.fm/e/1179967

Afriforum neem verdere stappe rakende Sharemax/Nova
Lees hierdie artikel van Maroela Media vir agtergrond:
maroelamedia.co.za/nuus/sa-nuus/sharemax-skema-se-bates-vir-eers-vei lig/

Afriforum are taking further action regarding Sharemax/Nov

Read this article from Maroela Media for background:

maroelamedia.co.za/nuus/sa-nuus/sharemax-skema-se-bates-vir-eers-vei lig/

Following the January voting meetings which led to the appointment of Mr JP Tromp as the new Debenture Trust Trustee we entered into discussions with him as well as other entities
We await outcomes of these interactions and will inform members of same via this site and our Facebook page in due course
In the meantime, members might be interested in the background to Ryk van Niekerk’s’ February 9 post in Moneyweb titled “Sharemax Investors screwed twice” (copied in this site as well as our Facebook page: Sharemax Investors/Nova Debenture Creditors)
Why screwed twice? Two November 2016 Moneyweb posts by Ryk (see links below) give the explanation of the first swindle
They detail:
* the corporate capture of Sharemax/Nova
* how the very people who are supposed to ensure that the Sharemax investors (who opted for Nova Debentures instead of shares) are paid out as required per the four (Court sanctioned) Schemes of Arrangement but have not done so (to the extent required)
* how certain “insiders” – to the detriment of the original investors – acquired, through a single line of “small print” in the SoAs, a majority shareholding in the then still to be formed Nova Property Group and thus, effectively, ownership of the Sharemax assets (the properties in which the Sharemax investors were originally shareholders) – tangible assets as opposed to the questionable value of the debentures which replaced the Sharemax shareholdings

Part 1: ‘Corporate capture’ of Sharemax rescue vehicle
<www.moneyweb.co.za/news/companies-and-deals/nova-monkey-business-pa rt-2/> www.moneyweb.co.za/news/companies-and-deals/nova-monkey-business-par t-2/
Part 2: Shareholder structure hides how directors acquired 87.1% of Nova shares
www.moneyweb.co.za/in-depth/investigations/shareholder-structure-hid es-how-directors-acquired-87-1-of-nova-shares/

Na afloop van die Januarie-stemvergaderings wat gelei het tot die aanstelling van Mnr JP Tromp as die nuwe Skuldbrief Trustee het ons met hom sowel as ander entiteite in gesprek gegaan.
Ons wag op die uitkomste van hierdie interaksies en sal mettertyd lede daarvan inlig via hierdie webwerf en ons Facebook-blad
Lede sal dalk intussen belangstel in die agtergrond van Ryk van Niekerk se 9 Februarie Moneyweb artikel, getiteld “Sharemax Investors Screwed Twice” (geplaas in hierdie webwerf sowel as ons Facebook-blad: Sharemax Investors/Nova Debenture Creditors)
Hoekom twee keer “geskroef”? Twee November 2016 Moneyweb artikels deur Ryk (sien skakels hieronder) gee die verduideliking van die eerste swendelary (Jammer, dié is slegs in Engels beskibaar)
Die artikels spel uit hoe:

* die korporatiewe vaslegging (corporate capture) van Sharemax/Nova gebeur het * die einste mense wat veronderstel is om te verseker dat die Sharemax-beleggers (wat Nova-skuldbriewe in plaas van aandele gekies het) uitbetaal word soos vereis volgens die vier hof-gesanksioneerde Reëlingskemas, maar dit nie gedoen het nie (in die mate wat vereis word) * sekere binnekringers – tot nadeel van die oorspronklike beleggers – deur ‘n enkele reël “fynskrif” in die Reelingskemas ‘n meerderheidsaandeelhouding in die toe nog te stigte Nova Property Group verkry het en dus, effektief, eienaarskap van die mederheid van die Sharemax-bates gekry het (dws: die fisiese eiendomme waarin die Sharemax-beleggers oorspronklik aandeelhouers was) – tasbare bates in teenstelling met die twyfelagtige waarde van die skuldbriewe wat die Sharemax-aandeelhouding vervang het

Part 1: ‘Corporate capture’ of Sharemax rescue vehicle
<www.moneyweb.co.za/news/companies-and-deals/nova-monkey-business-pa rt-2/> www.moneyweb.co.za/news/companies-and-deals/nova-monkey-business-par t-2/
Part 2: Shareholder structure hides how directors acquired 87.1% of Nova shares
<www.moneyweb.co.za/in-depth/investigations/shareholder-structure-hi des-how-directors-acquired-87-1-of-nova-shares/> www.moneyweb.co.za/in-depth/investigations/shareholder-structure-hid es-how-directors-acquired-87-1-of-nova-shares/