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REMI capital collapses owing $70 million #ConstructionRecession

#REMICapital #ConstructionCollapse #HeiseSays
This seems to be a common story.

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Comments

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  1. the laws are there to protect the builer/business if they collapse, taking ppls money and deposits… 🙁 yet continue to operate while insolvent or open up another phoenix company to repeat the cycle cause its easy money

  2. Bugger, your channel might be busy explaining the truth about what’s really happening with Australian businesses over the upcoming years !!!!
    Thanks for highlighting these issues

  3. The first thing I would investigate is the "preferential payments" that may have flowed over the last 2 years. All the markets were on the way down just before the pandemic, which acted as a pause button for a while. Now the zombies are out in the sunlight.

  4. This makes it all the more vital to have someone between you & the builder ie the architect who can sign off work done & authorise payment ie; Heise 👍🇬🇧

  5. Any monies on pyramid is always designed to diapper into nowhere at the end…Now is the time to take your money back from pyramid before it collapses into the ground…..

  6. Investing in "Boutique" medium and high density in Melbourne is almost always a scam, It's just a nice way of saying the project is so high risk that the larger investment firms wont touch it.

    Sadly people get sucked in with the promise of high yields.

  7. I can save the liquidator time finding the $70 million. Its in the Caymen Islands in a shell account attached to the managing directors sister, husbands, mothers, uncles name 😂

  8. Imagine living in a time when the Information Age was still 20 years away and all you had to rely on was information from the media which is influenced by a lying government. Me thinks we are in a much better situation to have people like Florian to give you honesty and neutrality which is seldom found with any mainstream outlet.

  9. They probably owe $70mil due to handing out pay rises. Know a few in the building industry and have to say they get paid extremely well compared to the dirty work you need to do when working an equivalent domestic job.

  10. The pandemic has taught people the importance of multiple streams of income, unfortunately having a job doesn't mean security rather having different investments is the real deal..

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