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 DiscussionFair Work conclude E-Mersion Medi …

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Fair Work conclude E-Mersion Media wrongly withheld wages, superannuation, and employee entitlements from former staff

#1 · June 4, 2024, 4:12 am

https://www.news.com.au/finance/work/at-work/twist-after-aussie-tech-company-collapses-owing-13m/news-story/f31f87b78e29be4cfb4c8432f8880164

Last week, the Fair Work Ombudsmen concluded its investigation and determined that staff had done nothing wrong.

“In investigating your allegations, we gathered information from a range of sources and found the Employer contravened workplace laws in relation to your employment,” the letter noted.

Amba Robertson, Calmerisabitch and Private Investigator have reacted to this post.

#2 · June 4, 2024, 4:21 am

They withheld money owed to staff, contractors and vendors (and continue to do so), as well as failed to pay SRO and ATO taxes because they were knowingly trading insolvent since the end of 2022.

At the time John Iliopoulos, Chris Iliopoulos, and Peter Stern, were directors and therefore all three are exposed to civil and criminal penalties. They continued to raise enough money just to pay wages, but not super, or entitlements, and nothing when staff resigned.

And of course they managed to pay themselves massive bonuses at the same time for the “amazing” work they did in landing the FIFA “deal,” which was actually a service contract the company was meant to (and failed to) pay for, and all the time they spent away from family in their $160,000 Qatar rentals.

#3 · June 7, 2024, 12:17 am

Wonder how this will go down around the barrel at the Mitre Tavern…nobody left to blame now…

Calmerisabitch has reacted to this post.

#4 · June 18, 2024, 3:47 am

Quote from kane on June 7, 2024, 12:17 am

Wonder how this will go down around the barrel at the Mitre Tavern…nobody left to blame now…

John is telling shareholders it was Peter Stern’s fault because he was chairman, meanwhile Peter is still out trying to raise money to save the company.

e-Mersion Media

Fair Work conclude E-Mersion Media wrongly withheld wages, superannuation, and employee entitlements from former staff