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A call to Hanover investors to join forces

Saturday 26 July 2008, 2:37AM

By Exposing Unacceptable Financial Activities

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Calls to EUFA yesterday created a demand for collectiveness for investors to stand up against the abusive manner in which finance companies have treated their investors. To meet demand EUFA have set up a registration on their website for Hanover investors. Their details will be keep strictly confidential but as the numbers climb people power will be determined.

 

An example of a desperate statement taken from an email received yesterday

 

1. I'm struggling to know what to do and feel completely helpless.............

 

 

An email copied to EUFA late yesterday

 

 

Hello Dr. Cullen,

 

I was shocked to hear about Hanover on last night's news.

We have our Life's savings with them of almost $700,000

 

Hanover just can't 'pull the pin' and vaporise investors money and get away with it.

There must be a law against that !

 

What can we do ?

 

HELP US PLEASE !!!

 

Regards, .............................

 

Suzanne, as of the time of this writing (4.56pm) I've received no reply. Regards .........................

 

 

In the troubled Hanover finance company, investors have called for a ‘Hanover investor group’ to be formed. The excruciating pain from the breach of trust has hit investors particularly as Hanover was the company of “hope”, but when investors learn of dividends being paid to shareholders the mood is very flat yet angry and desperate.

 

A caller to EUFA yesterday stated “I am not taking the hit this time - the directors and Shareholders have to” People power is rife now and investors are adamant they seek accountability. Action must follow.

 

Coordinator of EUFA said from Auckland last night “Today has been the worst day since EUFA was formed due to the desperation investors are feeling.... we have been ignored by government and discredited and now the chickens are coming home to roost.... overseas callers and emails informed us we are in the headlines around the world... maybe that may jolt some into proactive action for accountability”.

 

Hanover investors can contact EUFA by registering confidentially on the EUFA website or calling 0800383269 or 0800EUFANZ

www.eufa.co.nz