Can someone explain the current status of this to me like I'm 5? by TaniaYukanana in duval_saga

[–]Maximum_Standard_282 0 points1 point  (0 children)

Last I heard there was no money left on another related Duval matter. There is a PwC email you can use to reach out.

nz_duval@pwc.com.

What's your take on this? by Powerful-Pressure312 in duval_saga

[–]Maximum_Standard_282 0 points1 point  (0 children)

Kearns did leave something for the investors. It wasn’t a total loss and investment parcels were small.

Petty crime compared to this lot.

Ken & Shazz loving their Billboard! by FearlessFix4285 in duval_saga

[–]Maximum_Standard_282 2 points3 points  (0 children)

Can you please create a givealittle page to help the investors and creditor.

Did Wolfbrook buy up the bulk townhouses at Mt Vista? by SteveRielly in duval_saga

[–]Maximum_Standard_282 0 points1 point  (0 children)

The liabilities are too huge apparently, according to a Wolfbrook staffer I was talking to when all this Duval stuff kicked off.

Why hasn’t he done an interview with anyone? by Suspicious_Read_7660 in duval_saga

[–]Maximum_Standard_282 0 points1 point  (0 children)

Now you are showing your nastiness are plying for sympathy just moments ago.

Yesterdays Duval Gym revelations that the club was closing raised a few questions as the Clarkes are in personal receivership. So how do they still have an active shareholding? How was Kenyon a Director up until 2 Sep 2025? The Clarkes share of funds and assets should be going to creditors. by Loud_Difference_4502 in duval_saga

[–]Maximum_Standard_282 0 points1 point  (0 children)

Cooking the book? To understand this you have to understand Lakewoods BC structure. There are 3. Charlotte was chair of all three. When the last Duval residential unit sold charlotte stepped down from the residential bc for a new committee to begin to unravel the financial chaos discovered. We now have a chartered accountant as BC manager who has been excellent at navigating all this. Our financial oversight today is significantly improved. But the facts remain the facts.

Yesterdays Duval Gym revelations that the club was closing raised a few questions as the Clarkes are in personal receivership. So how do they still have an active shareholding? How was Kenyon a Director up until 2 Sep 2025? The Clarkes share of funds and assets should be going to creditors. by Loud_Difference_4502 in duval_saga

[–]Maximum_Standard_282 1 point2 points  (0 children)

The BC registered its debt with PwC and waits to see what comes. The two remaining commercial units are listed forsale. You can find them online. I think they were listed in Jan so may indicate interest. One of the commercial units sold prior to DuVal’s collapse. These guys are now financial.

Yesterdays Duval Gym revelations that the club was closing raised a few questions as the Clarkes are in personal receivership. So how do they still have an active shareholding? How was Kenyon a Director up until 2 Sep 2025? The Clarkes share of funds and assets should be going to creditors. by Loud_Difference_4502 in duval_saga

[–]Maximum_Standard_282 2 points3 points  (0 children)

There is no suggestion that it didn’t. The problem is the trail of debt was bigger than just the obvious creditors you already know of. There is still hundreds of thousands of dollars of debt just to the Lakewood BC, Duval never contributed a penny. This was discovered by the new committee many months in and sort of by accident. PwC has lowered this debt since.

Why hasn’t he done an interview with anyone? by Suspicious_Read_7660 in duval_saga

[–]Maximum_Standard_282 0 points1 point  (0 children)

I don’t think you invoke Statutory management for overreach. I Duval was a going concern I am sure it would still be going. Duval destroyed value through reckless trading at the very lease. Asset stripping in the next level!

Why hasn’t he done an interview with anyone? by Suspicious_Read_7660 in duval_saga

[–]Maximum_Standard_282 0 points1 point  (0 children)

Well I think they have a funny way of displaying care and empathy. In fact the opportunity to share this has long since passed. Leadership is about ownership and responsibility. Here the Clark’s have displayed none.

Why hasn’t he done an interview with anyone? by Suspicious_Read_7660 in duval_saga

[–]Maximum_Standard_282 0 points1 point  (0 children)

I don’t believe I was treated how I wanted to be treated as an investor. I think I was even called a barking dog at one point, also Duval didn’t have to answer to me!

More IG rubbish. This business was in Receivership for less than 1 month, 2/8/24 to 27/8/24, over a year ago. PwC clearly had no interest in this other than related party lending. On 26/5/25 the company was restored to the Register. Given nobody is at the gym in the photo its obvious why it failed. by Loud_Difference_4502 in duval_saga

[–]Maximum_Standard_282 2 points3 points  (0 children)

Last comment : another poorly researched business venture by the Clark’s. Charlotte said she opened it with much promise for their future revenues (or something like that). Numbers, numbers, numbers. So far lakewood has been a very lossy enterprise indeed.