We were brought this company as a possible client ...

http://www.fin24.com/Companies/Property/Why-Sharemax-deserves-a-death-blow-20110308

... we said no. Thank heavens:

Why Sharemax deserves a death blow
Vic de Klerk

Mar 07 2011 14:10

IT’S TIME for the coup de grâce for Sharemax and its property syndications. For its thousands of investors…  please put

them out of their misery.

Declare the whole business model an illegal practice and use a general liquidation to start the process of recovering

assets from all those who benefited from this illegal scheme – from the advisers who sold the products to the shareholders

in Sharemax Investments, who derived considerable financial benefit from the illegal scheme over the years.

Investors and the entire financial community now need “closure”. Unfortunately, they’ll also have to accept that – at best

– the investments in Sharemax aren’t going to realise more than 20c in the rand.