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Roy I think it is worth us having a chat. Would you like to send a contact number to<snip> Neill

Hi Roy Thanks for the insight into SPC's finances. I share your opinion of Andrew and I get an honest service from SPC but you do have to initiate things to get the good service. It's interesting that you have been invoicing for the late delivery; I haven't been doing that. How have...

I am owed for the same. I have concentrated on getting my Sydney properties let out and on collecting the rent, in collaboration with South Pacific who act as my agent without any agency charge, with claiming the debts put on hold as Andrew pleads poverty due to the current market. What is...

Re Steve's questions below - If the developments are not completed then the investors - which includes joint venture partners and banks - will lose money in an insolvency. From talking to the CEO of South Pacific I gather that the joint venture partner for Melbourne is now willing to finish...

When I spoke to CEO South Pacific last week I asked him about Melbourne/Adelaide - he said the insolvency action had forced partner and/or bank to allow Melbourne to restart shortly and he was hoping for the same result for Adelaide

Alarpra I think it is OK to "post negative things on the internet"; it is a forum and you are looking for other people's experience of BSN. I do welcome BSN's posts as they give us information we may otherwise not have. I've managed to avoid going legal which some other investors in Sydney...

melbourne I was told by Ciprian, new head of South Pacific Sales, today that Melbourne is going to resume construction in a month or two. I don't know how true this is but perhaps they have sorted their joint venture troubles. He also said they had sourced the funding to start Avalon...

melbourne investors why don't you phone South Pacific and ask to speak to their legal department to see what they can propose for their investors now that they are putting the development into insolvency in order to get rid of the joint venture partner. I did this recently when I had a legal...

Hi Nicola I haven't spoken to a lawyer yet about this. Do you know if there are separate South Pacific companies for each development (Melbourne, Sydney, Adelaide) so that the creditors for each development can only claim against the company set up for that development and SPC as a whole...

Hi Nicola Thank you for your message. Is this First List of Creditors referring to creditors of the Adelaide development? Many Thanks Neill

I met Andrew Prelea CEO of South Pacific in mid November and he said that the bank wanted to lend for the Adelaide development on terms which were prohibitive. On the other hand the terms from a bank were acceptable for the Melbourne development but this can't proceed either as he has put the...

I met Andrew Prelea CEO of South Pacific in mid November and he said that the bank wanted to lend for the Adelaide development on terms which were prohibitive. On the other hand the terms from a bank were acceptable for the Melbourne development but this can't proceed either as he has put the...