Gloucester Syndicate Investors

Confidential to syndicate members and their advisors.

Last updated: 19 July 2018

Dear Investors

In 2018 the Hunua Syndicate, another former SPI (Secure Property Investments) syndicate managed by Murray Alcock and Allister Knight was wound up and the final $110,000 interest on the $1m loan advanced by Murray Alcock and Allister Knight to themselves was written off.
The end result is the $1.1m was never recovered from Murray Alcock and Allister Knight.

Dear Investors

In 2010 we emailed a letter endorsed by four very experienced Accountants briefly explaining what the 2010 Gloucester Syndicate Annual Report means for investors.

Despite many assurances, SPI have not repaid the $1M loan and have not addressed many of the issues raised in 2009.

The letter of response from SPI was a white wash as Murray Alcock and Allister Knight do not disprove or challenge the 13 concerns raised, but talk around them or gives background.

On 30 April 2010 we changed the secure site password to access all the syndicate documents, please email info@gloucester.co.nz if you would like access to the secure site and the information it contains.