Share Investor: Michelle Helliwell

Wednesday, November 10, 2010

Allan Hubbard Saga: Going Feral - Part 2

Every good saga deserves a sequel, Star Wars, Indiana Jones, The Godfather, you get the idea.

Well this is the sequel to yesterdays first installment Paul Carruthers Goes Feral...Again.

Yesterday I was the main character who was taking moola from some mysterious benefactor to write my opinions on the Allan Hubbard Saga. Today though in Going Feral - Part 2, along with the payola implications are stories that I am a terrorist out to get my prey and there is a mysterious Russian after me.

I cant wait for part 3, Going Feral: The Wrath of Carruthers?

It is not a full moon, as far as I know, and neither is it a date with 3 sixes in it but I received an interesting reply this morning to a facebook exchange on an Allan Hubbard supporters page from one of the main ring leaders of the support group, Michelle Helliwell. She looks to be Paul Carruthers - the head spokesman for Allan Hubbard - right hand woman and seems to be taking her lead from him in terms of his feral like public relations style.

Of course little of what Michelle says below is even moderately close to any truth and some of it is indeed more than slightly paranoid, threatening and even a little creepy.

I mean, Russians under the bed somewhere ready to make a move on me.? Well, it would be an exciting escape from changing nappies on my 15 month old but I will stick to the crap from an infant rather than that hurled at me from a big grownup thanks very much mam.

On Allan Hubbard and his fate, there is a 5th Grant Thornton report due out at the end of November related to the statutory management of multiple failed Hubbard investment vehicles and a Serious Fraud investigation into the collapsed South Canterbury Finance, that lost almost $2 billion and was bailed out by the taxpayer.

The SFO investigation will be a long one as paperwork and crucial records are either missing or were not there from the get go and the complicated related inter-party lending on top of this makes for a mess only equaled by Mr Hubbard's fraudulent behavior.

We should see some information dribble out from the SFO case before Christmas.

Stay tuned!

Michelle Helliwell

It has come to our attention that you are responsible for the hateful Allan Hubbard page. You are a toxic terrorist on the support pages... and you are not welcome. Please go away.

On a positive note, I will thank you for making it so ob...vious internationally how much you hate Allan Hubbard (for no good reason other than Darren Rickard being on 'you know who' payroll). The battle between 'good' and 'evil' is becoming increasingly obvious.

Your attempts to slash Allans credibility in NZ has drawn attention from thousands that know Allan Hubbard internationally and you have made it so obvious how abhorrent you are by your bile.

Your attacks against Allan Hubbard are, and always have been, unjustifiably vicious. Your refusal to show your face in person is cowardly. You rip up the reputation of a man who doesn't own a computer on the internet... not very brave!

Allan Hubbard is incapable of dishonesty or fraud like no other person you have EVER met. Only an idiot would say otherwise. Your posts are imagination. Nearly all respect him and most love him.

By the way, I was asked about you in Auckland last weekend Darren. You have made a most unpopular impression on a certain Russian. We all suggest you voluntarily leave this page.

God bless, and goodbye.

Michelle Helliwell

Michelle, if you could give me Allan's contact details, I would only be too glad to let him have his say right here on this blog. It is an open invitation with no restrictions on what he wants to say.

A question and answer session would give him a right of reply to some of the things I and others have been writing about him.

Allan Hubbard Supporters: Conflict of Interest

If I have a possible conflict of interest when writing on the subject of investing I always declare my financial interest, if any.

You have to be upfront and direct with people otherwise they wont take you seriously if they subsequently find out you write with a fork typewriter - ask David Garrett.

With Allan Hubbard and his collapsed Aorangi Securities and Hubbard Management Funds, which are now under statutory management, his key supporters need to show their hand lest they be tarred with a conflict of interest.

The leaders of the Hubbard support group, Paul Carruthers, Michelle Helliwell, Keiran Trass and other reasonably prominent people who I am aware of but wont name because they haven't yet publicly come out, need to declare what financial or personal interest they had and still have in either of Hubbard's failed companies or the man himself and therefore what they might stand to gain by grandstanding on Facebook, television and every other media outlet they fevourishly send press releases to in the hope of getting a scrap of publicity.

I mean, why else would you attack other individuals or groups who had nothing material to do with the collapse of Hubbard's empire unless you had the possibility of a financial gain sometime in the future?

I don't think they are narcissistic attention seekers, although at times they unintentionally cross that line.

Those of us who are not rabid Hubbard supporters would be entitled to think that you had more skin in the game than just losing a personal investment in either of the two Hubbard companies under Statutory Management because of possible fraud, insider lending irregularities, fabricated investments and inadequate and misleading paperwork.

If it was just money lost in Hubbard Management Funds and Aorangi Securities wouldn't you want to go after the individual or company responsible? That is, Allan Hubbard and his directors, instead of trying to scapegoat the responsibility to the Statutory Managers, the Government, Simon Botherway, Bill English, John Key and a conspiracy put forward by Mr Carruthers that the statutory management process was a ruse by the National Party to set up a private bank in the South Island for some of their mates down there - Mr Carruthers does have an active imagination, Ill give him that.

There is a disconnect then when it comes to those leaders of the Hubbard support group who have publicly put themselves forward. A disconnect between who is responsible for losing money in the aforementioned Hubbard investment failures - the individuals who invested or those that were advised by so-called experts and Allan Hubbard are clearly to blame - and those who run the Hubbard support groups who want to shift the blame to others and not Allan Hubbard and ultimately the investors themselves.

We have seen countless other finance companies of Hubbard's ilk go under because of dodgy dealings but outspoken investors have always pointed the finger largely at where the blame lay. At their advisers feet, with the company or individuals in the company itself or indeed themselves for being ignorant or too greedy in a small number of cases. They have never involved parties that have had nothing to do with the collapse of the respective finance company.

What have the leaders of the Hubbard support group got to gain from pointing the finger at the wrong people?

I would suggest you follow the money. Where you find the most moola to gain or lose or a back to re-slap you will find the most vocal trying to duck their responsibility.

It is called risk guys, take a look in the mirror and spell it out slowly.

Sometimes you win, sometimes you lose.

At least be upfront though for the reason for your support and declare any interests.

It is the honest thing to do.

* Just a wee footnote:

Just over 200 devotees of Allan Hubbard turned out today in Timaru in the vain hope that statutory managers, Grant Thornton would be forced to overturn a statutory management that is legally unchallengeable.

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Wednesday, November 10, 2010

Allan Hubbard Saga: Going Feral - Part 2

Saturday, September 18, 2010

Allan Hubbard Supporters: Conflict of Interest

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