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Dr Mario Koppers
Subject:
FW: [My Edwafin Investment] FIN24, FSB, NPA and Documents
Attachments:
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Dear Mr Koppers,I received the e-mail hereunder from my colleague Russel Michaels this morning.It is confirmed that the fact that Edwafin (which is not an authorised financial servicesprovider in terms of the Financial Advisory and Intermediary Services Act-the FAIS Act anddoes not require such authorisation as it markets its own debentures) has ceased payingmonthly interest to investors, has been brought to the attention of the FSB.The FSB has, in turn, advised the Department of Trade and Industry (dti) accordingly asthe Companies Act, which applies to Edwafin, falls under that department’s scope ofresponsibility. This Office has and is engaging in both dti, Edwafin and Edwabond (thelatter is a wholly owned subsidiary of Edwafin and holds the license in terms of the FAISAct) with regard to this matter (as well as other licensed FSPs who marketed the producton behalf of Edwafin with regard to whether they complied with the conditions of theirlicenses.All letters of complaints received by the FSB (whether valid or not) should beacknowledged and your reference to this issue will be investigated.Yours sincerely,G E AndersonDeputy Registrar: Financial Services Providers________________________________From: Russel MichaelsSent: 30 March 2009 07:42 AMTo: Gerry AndersonCc: Manasse Malimabe; Patrick WardSubject: FW: [My Edwafin Investment] FIN24, FSB, NPA and DocumentsImportance: HighGood morning colleague
 
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 The content of this email is self explanatory. The FSB is being taken to task by aninvestor in Edwafin and I suggest that some sort of response will be appropriate. Regards- Russel________________________________From: Mario Koppers [mailto:mario.koppers@gmail.com]Sent: 29 March 2009 04:27 PMTo: Russel MichaelsSubject: [My Edwafin Investment] FIN24, FSB, NPA and DocumentsFIN24Marc Ashton of FIN24 visited me this morning. He is a very nice, and intelligent young manwho appears very sincere and wise.Marc will in future be following the Edwafin story on FIN24, and has invited anybody whowould like to share information or experiences to email him at marca@fin24.com<http://www.blogger.com/marca@fin24.com> , or to call him on his cell phone: 082-561-1585.Perhaps Marc will also remember to see if he can find a photograph of Carole Gardiner intheir files - it would give one such a feeling of completeness to have them all in focus;a happy family.DocumentsThen, I have made all the documents that are included in this blog public anddownloadable. Thanks to modern technology, that took merely a few clicks of the mousebutton. There are a few documents in my possession that have not yet been published yet,and these include the copies of the prospectuses that I have managed to obtain. They arefor the debenture series, C and D (what an adventure it was to obtain those!). I wouldlike to offer copies of these prospectuses to any who would like to have them - even ifyour debentures are part of another issue, it may be handy to know that the contents ofthe prospectuses are mostly the same.Unfortunately, these are hefty documents and cannot be transferred to the Scrib server,but what I will do is scan them and place them on my own website at www.chromatique.com<http://www.chromatique.com/> . On the left hand side of the page, on the main menu thereyou will find the "Free Download" tab, just follow that and you will arrive at a categorycalled "Edwafin" (how else), follow that and you will be able to download the documentsthat are available there. I will try and make some direct links available as the documentsare uploaded to the server.You might want to go there again in the future, as I might make available more documentsas they become available.FSBOnce before I tried to contact the FSB to see if they would be prepared to investigate theEdwafin story, and I have noticed that others have approached them as well. To date nobodyseems to have had any response from them. Perhaps they have not yet realized that theholidays are over, and that a new year already started a few months ago.I wrote another email, today and we shall see.... In any case I have added the LiasonDirector, Mr Russel Michaels to the email list for new postings on this blog, and let'shope that some response will be forthcoming. One should keep in mind that they should bewell aware of the situations, as Mr Stapleton (CEO: Edwafin) told me some time ago thatthe authorities had been informed. Nevermind, though, we should keep in mind that our
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