2019-02-20
ALTERNATIEWE SKIKKING AANDELE OPSIE
- Skikking Agtergrond
2014-2015. Prokureur Jacques Theron ontvang mandaat van “klas aksie beleggers”, later HSAG om klas aksie te sertifiseer en eise vir beleggings in Hoëveld Sindikasie Maatskappye te liasseer. Tot datum het hy nog nie ’n klas aksie gesertifiseer nie, maar is miljoene daarvoor betaal.
2016 – Johan Stander dui aan dat Mnr. Georgiou skikking met HSAG wil onderhandel en reël ontmoetings tussen Georgiou en HSAG bestuurs- komitee – Theron, Stander, Hancke.
Na verskeie ontmoetings pols Hancke vir Georgiou gedurende September 2016 om skikking op tafel te sit. Groot was my verbasing en syne oor die vraag toe hy meedeel dat hy lankal in geheim met Stander ontmoet het en 50% skikking vir sy kliënte beding het. Hy bied selfde skikking vir HSAG aan.
Theron sal skikking fasiliteer en bepaal eensydig ’n aansoek afsnydatum waarmee ek nie saamstem nie en notuleer steeds laat aansoeke. Ek bedank Desember 2016 as HSAG komiteelid en bring die HSBF op die been om skikkings direk met Orthotouch te fasiliteer.
Die Theron/Stander skikking misluk toe hulle R64,000,000 wat ’n R25,000,000 onderhandelings fooi van Georgiou eis om skikking te fasiliteer en Georgiou dit weier.
HSBF beding 50% skikking direk met Georgiou/Orthotouch in goedere trou en Georgiou aanvaar die aanbod. Theron/Stander begin met swartsmeer veldtog, kwaadwillige vals stellings en selfs leuens onder eed om skikking te benadeel grotendeels omdat hul skikking plan waardeur hulle miljoene uit beleggers so verdien misluk het.
Op versoek van beleggers wat nie bewus was van 50% skikking nie word ’n tweede skikking nl. 55% onderhandel, wat ongelukkig nie gerealiseer het nie a.g.v. finansiële probleme wat Orthotouch toe reeds ervaar het en applikante is dienooreenkomstig ingelig.
Theron se verbete veldtog in howe, ondersteun deur Johan Stander, Pine Pienaar, Sunette du Plessis, Morkel Steyn en andere met hul swartsmeer fop nuusbrief veldtog en leuens op sosiale media word gefinansier met mede beleggers se geld.
Orthotouch staan al die litigasie tee terwille van die behoud van beleggers se belange en beleggings, maar die miljoene rande oor jare in regskoste eis sy tol en deel Orthotouch ons mee dat weens ’n ernstige finansiële krisis hy nie kan voortgaan met rente en/of skikking betalings nie.
HSBF is nog altyd ten gunste van onderhandelings en glo nie aan doellose duur litigasie, waar net die prokureurs geld maak nie. ’n Duidelike voorbeeld is Theron wat sedert 2014 die hele pad bank toe lag met sowat R46,000,000 plus aan fooie gedebiteer.
- Aandele Aanbod vir Skikking Applikante
A.g.v. Orthotouch se finansiële krisis het Georgiou/die Sessionaris na verskeie vergaderings met die HSBF ’n alternatiewe opsie met ’n onafhanklike derdeparty beding vir skikking applikante om as alternatief tot die skikking aandele in Accelerate Property Fund Limited (‘Accelerate”) te kan bekom.
Weens Orthotouch se finansiële situasie is ons by HSBF van mening dat beleggers hierdie opsie ernstig moet oorweeg en spreekwoordelik eerder wegstap van die hele debakel met iets in die hand in stede van dalk niks.
Ons is deur kundiges in die aandelemark ingelig dat Accelerate se uitgebreide kommersiële eiendoms portefeulje en die beplande voltooiing van die Fourways Mall te Johannesburg in tweede kwartaal van 2019, beslis die moontlikheid inhou van aandele waarde verdubbeling in die nabye toekoms.
- Aandele aanbod
- ’n Applikant sal Accelerate aandele ontvang ter waarde van 25% van die historiese belegging in die Hoëveld Sindikasie Maatskappye, wat in ’n ooreenkoms verwoord word. Die waarde van die te uitgereikte aandele word bereken op die Eiendoms Netto Bate Waarde, van die Accelerate Eiendoms Portefeulje, teen R7.50 per aandeel.
- ’n Ses maandelikse dividend sal aan aandeelhouers betaal word wat tans bereken word teen 7% per jaar.
- Applikante kwalifiseer vir ’n dividend betaling, asof belegger reeds die aandele in Desember 2018 besit het, as ’n toegif vir die vertraging in onderhandelings wat voor Desember 2018 veronderstel was om afgehandel te wees.
- Aandele is likied en kan daarmee kan handel gedryf word aangesien u die regmatige eienaar daarvan sal wees terwyl u aandele portefeulje deur Computer Share op die JSE bestuur word.
Ons by HSBF fasiliteer slegs die opsies om beleggers by te staan en is nie verder betrokke by aandele uitreiking nie. Dit word deur Computershare behartig.
Groete
Helgard Hancke
HSBF / HSIF
Tel 083 651 0909
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2019-02-20
ALTERNATIVE SETTLEMENT SHARES OPTION
- Short Back Ground Summary Of the 50% Settlement
2014/2015. Attorney Jacques Theron were given a mandate by the “investor’s class action group” later HSAG, to certify a class action and register claims for investors investments in the Highveld Syndication Companies. To date Theron has not certified a class action although he received millions in fees to do it.
- Johan Stander informs that Mr Georgiou wants to negotiate a settlement for the HSAG and arrange a meeting between Georgiou and the HSAG steering committee – Theron, Stander, Hancke.
After several meetings writer confronted Mr Georgiou to put his settlement proposal on the table. To my astonishment, Mr Georgiou was surprised by my question and responded that he secretly met with Stander, already agreed to a 50% settlement for Stander’s clients and the same settlement is on the table for the HSAG.
Theron’s office will facilitate the settlement and he one-sided decided on a cut-off date which I did not agree with and still accepted application with the intention to facilitate it without Theron’s assistance. I resigned from the HSAG December 2016 and started the HSIF to facilitate settlements direct with Orthotouch.
The Theron/Stander settlement failed because of Stander and Theron’s exorbitant fee claims of R64,000,000 which include a R25,000,000 negotiators fee for Theron & Stander which Georgiou refused to pay.
HSIF negotiated a 50% settlement direct with Georgiou/Orthotouch in good faith which Georgiou accepted. Theron/Stander started a smear campaign and did their utmost to undermine the settlement with fake news, lies even under oath and malicious untrue statements purely because they could not reach a settlement with Mr Georgiou and therefore not be able to make millions out of the investors.
On request by investors who did not participate in the 50% settlement we negotiated a 55% settlement offer, which unfortunately did not materialise due to financial problems then already experienced by Orthotouch, of which applicants were informed.
Theron’s ongoing senseless litigation in the courts, supported by Johan Stander, Pine Pienaar, Sunette du Plessis, Morkel Steyn and others with malicious news letters and lies on social media were financed with fellow investor’s contributions.
Orthotouch opposed all the litigation on behalf of investors to save their investments, but the millions of rands in legal fees over the years eventually erupted into a financial crises for Orthotouch where they cannot proceed with settlement and/or interest payments.
HSIF were never in favour of expensive litigation where only the attorneys make money but believe that solutions can be found through positive negotiations. Attorney Jacques Theron is a typical example who laughs all the way to the bank with R46,000,000 invoiced in fees since 2014.
- Shares Proposition For Settlement Applicants
Due to Ortotouch’s financial distress and several meetings between HSIF and Georgiou/the Cessionary to find solutions, Georgiou informed us of an opportunity they negotiated with an independent 3rd party where settlement applicants as an alternative to the settlement can get shares in Accelerate Property Fund Limited.
Due to the financial situation Orthotouch now find themselves in we at HSIF are of the opinion that settlement applicants must consider this opportunity seriously and proverbial walk away from this whole saga with something in hand instead of nothing.
In view of the strong commercial property investment portfolio of Accelerate Property Fund and the planned completion of the Four Ways Mall in Johannesburg during the second quarter of 2019 we were informed by financial experts that the accelerate shares can double in value in the near future.
- Shares Option
- An applicant will receive Accelerate shares to the value of 25% of the historical investment in the Highveld Syndication Companies. The value of the shares are calculated on the Net Asset Property Value of the Accelerate Property portfolio at R7.50 /share as stipulated in the settlement agreement attached hereto.
- Share holders will receive a six monthly dividend presently calculated at 7% p/annum.
- Applicants qualify for a dividend payment as if they were the owner of the shares in December 2018 as a bonus to compensate for the delay in negotiations which should’ve been concluded before December 2018.
- The shares will be issued in the investors name and being liquid you can trade with it as you wish whilst being managed on your behalf by Computer Share on the JSE.
We at HSIF only facilitate the shares option and the actual issuing of shares will be done by Computershare.
Regards
Helgard Hancke
HSBF / HSIF
Tel 083 651 0909