This message board is for the shareholders of E-MAG.TECH PTY LTD (formerly E-MERSION MEDIA HOLDINGS PTY LTD ACN: 631 146 177) and E-MERSION MEDIA PTY LTD (ACN: 605 098 539) and E-MERSION MEDIA (AUST) PTY LTD (ACN: 637 337 641 – INSOLVENT).
As the Directors refuse to open disclosure with shareholders regarding the state of our investment and have not held an investor meeting in four years, we have set this up to openly help one another and discuss the business and its leadership and founders John Iliopoulos, Chris Iliopoulos, and Peter Stern.
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E-Mersion Media Statutory report to Creditors
Attached to this thread is the Statutory report to Creditors compiled by CJG Advisors.
It’s important that all shareholders are familiar with this as we continue to unravel where our money went.
Officially for the $15million that was raised from shareholders, the company only made $84,274. Certainly not what we were promised in investment presentations.
Attached to this thread is the Statutory report to Creditors compiled by CJG Advisors.
It’s important that all shareholders are familiar with this as we continue to unravel where our money went.
Officially for the $15million that was raised from shareholders, the company only made $84,274. Certainly not what we were promised in investment presentations.
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Spartan and Private Investigator have reacted to this post.
SpartanPrivate Investigator
Quote from
Spartan on August 16, 2024, 4:56 am
Medallion Club is a creditor? So they were using company money for their personal entertainment and lifestyle? The Qatar trip wasn’t enough?
Medallion Club is a creditor? So they were using company money for their personal entertainment and lifestyle? The Qatar trip wasn’t enough?
parmenides has reacted to this post.
Quote from
Foresti on August 16, 2024, 11:10 am
Quote from
Spartan on August 16, 2024, 4:56 am
Medallion Club is a creditor? So they were using company money for their personal entertainment and lifestyle? The Qatar trip wasn’t enough?
Disgusting behaviour.
Quote from
Spartan on August 16, 2024, 4:56 am
Medallion Club is a creditor? So they were using company money for their personal entertainment and lifestyle? The Qatar trip wasn’t enough?
Disgusting behaviour.
Quote from
Foresti on August 16, 2024, 11:15 am
So if I am reading this correctly, they’re trying to say that E-Mersion UK is the parent company and shift the financial responsibility there. Obviously a desired outcome for John as that debt will then effectively disappear for them because I doubt the UK government will chase him here.
But that is a total lie, how can the UK company be the parent company if we all invested in E-MERSION MEDIA PTY LTD (ACN: 605 098 539)? That is where our money went not some UK shell company.
So if I am reading this correctly, they’re trying to say that E-Mersion UK is the parent company and shift the financial responsibility there. Obviously a desired outcome for John as that debt will then effectively disappear for them because I doubt the UK government will chase him here.
But that is a total lie, how can the UK company be the parent company if we all invested in E-MERSION MEDIA PTY LTD (ACN: 605 098 539)? That is where our money went not some UK shell company.
