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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John sold his $2.62 million house

Time to call him and demand he pays his debts!!!!

48 Frater Street, Kew East.  He paid $2.62 million for it last January.

https://www.realestate.com.au/sold/property-house-vic-kew+east-144127340

Calmerisabitch has reacted to this post.
Calmerisabitch

So he bought this house on January 25, 2023, right after the Senior Leadership Meetings identified that “e-M is without cash to cover operating expenses and has millions in liabilities” and a couple of months after John and Chris paid themselves $450,000 in bonuses on top of the director’s loans they’ve taken.

Convenient.

A master class in how to steal and launder shareholder money and tank a business so you never have to repay it.

Calmerisabitch has reacted to this post.
Calmerisabitch

He put it in his wife’s name so nothing can be done.

Calmerisabitch has reacted to this post.
Calmerisabitch

What makes it worse is knowing that the crook and his crook family were living a lavish life in a multi million dollar home like this while staff were crying on a call to Peter Stern about having missed rent payments due to missed pay runs, having bled the company dry. 

A call John didn’t have the balls to attend to break the news himself. 

There’s a special place in hell for these fuckers. 

 

Calmerisabitch has reacted to this post.
Calmerisabitch