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I am interested to read your story on vulture or eagles circling.
EUFA are very alert to this and this is why we would like to bring investors into a watchdog type group as these cases can be very much a gravy train to Receivers, lawyers and the like.
We approached Grant Cameron as his reputation has shown a determination to work for the devastated that need a just outcome.
I invited Grant to meet with me to discuss some type of group action. The people who have lost their money need to take action not just with Bridgecorp and we are looking at this entire situation holding everyone in the loop accountable.
The calls from all over New Zealand want to see directors down held account and also for the government and others to be brought into the bigger picture.
Attending the meeting will be people who have invested and who have been fighting the cause of such crashes.
Gray Eatwell, a founder of the Bank Customer Action Collective, is coming up from Southland to attend as are other South Islanders who what to show there determination to see this through.
We urge lawyers who have clients to bring them along to the meeting and show a force rather than disjointing the action.
Suzanne Edmonds
Coordintator
EUFA
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The fact that lawyers are involved is an indictment of how strongly people are feeling about their losses, and potentially how they may or may not have been misled into investing with some of these companies. It's also a case of lawyers making the most of a bad situation - they're "legal vultures", just as much as the rest of us are "vultures" in our own field of expertise - see an opportunity - take it.
At the end of the day it's a case of "buyer beware" however when people are being told that these businesses were as "safe as a bank" there's some mis-information being distributed IMO.