Just so you guys holding ESI know - the bloke who owns and runs Fortrend has been having a running battle with ASIC all year about his sloppy business practices at Fortrend. AT one stage early this year he was almost disqualified from holding his licence altogether.
Basically - he is a sloppy businessman - and given the complaints I have had from friends who have used Fortrend, one could hardly endorse the company or its principal.
http://www.asic.gov.au/ASIC/asic.nsf/byHeadline/AD08-75%20ASIC%20accepts%20Fortrend%20enforceable%20undertaking?opendocument
http://www.asic.gov.au/asic/pdflib.nsf/LookupByFileName/017029228.pdf/$file/017029228.pdf
I am not privy to the fine detail of the ESI borrowings from Fortrend, but I hope they have crossed their "t"s and dotted all "i"s because Fortrend are very very sloppy people to deal with. Don't take my word for it...read the links I've provided.
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Just so you guys holding ESI know - the bloke who owns and runs...
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