"If you can imagine it, you can achieve it 
If you can dream it, you can become it."   WILLIAM ARTHUR WARD


It's only a $1 million after all...   December 9th,  2006


It seems that the Government wants to extract the $5.5 million fine awarded by the Federal Court against Clarity1 Pty Ltd ($4.5 million) and myself ($1 million). The corporate regulator contacted me last Monday “You have been chosen by the “Solvency Team” to be subject to the requirement of proving your Solvency” said the polite public servant on the other end of the phone.

With a fine 5 times the company’s turnover and 45 times it previous years profit it is pretty obvious that if the Government presses for payment, that’s the end of Clarity1. And even though the judgment against me included an explanation by Justice Nicholson that there was little possibility that the company (or myself for that matter) had the capacity to pay, it seems a warning is not enough for the regulators – they want blood too!

So, it would seem that Carty1 will provide work for the accountancy professionals – the liquidators.

And I will be left to negotiate the payment the $1 million fine against me.

My friend Stuart Burke of Los Angeles wrote and said:

No publicity is totally negative and I should get the best from what he saw as:

Perth Business Man Punished by Australian Government for Educating Future Business Leaders

But it is all a state of mind... so I have been looking for inspiration wherever it can be found. And in Donald Trumps new book Trump 101 he comments that the reader maybe aware of his brush with debt 10 or so years ago. He says that he could have “curled up and hid in a corner” or used the situation to inspire he to rise to greatness. He chose the second course, and took the temporary situation as being a challenge and opportunity. History shows that he recovered and has prospered.

He comments “At the time I was $9 BILLION is debt…”

Well, what’s a paltry $1 million compared to that! So that’s the new challenge. Let’s get on with it and create a more vibrant business that educates future business leaders here, in New Zealand, Asia and Europe.

Want to come along for the ride… I look forward to your continued support.

 


Enjoy this issue of The Maverick Spirit...  That's it for today, until next time, continue to enjoy being a free spirit in a complicated world... 

Wayne Mansfield

P.S. Did you know that whilst we have laws for bad people, some people make it really easy for the authorities. A woman was reporting her car as stolen, and mentioned that there was a car phone in it. The policeman taking the report called the phone and told the guy that answered that he had read the ad in the newspaper and wanted to buy the car. They arranged to meet, and the thief was arrested

P.P.S. Here are a number of laws that made on the statute books in the US.. No person may water his lawn in such a way as to annoy his or her neighbour - Cussing over the telephone is against the law - You cannot sell the clothes you are wearing to pay off a gambling debt - Citizens must honk their horn while passing other cars - Women may not wear heels over 3 inches in length while on the common - Clothes may not be hung to dry on Sunday - A license is required to keep a lunatic.

And for something really different:

Visit my daily thoughts blog at    www.waynemansfield.com  
where you can leave comments and ideas
on stuff that doesn't make it to The Maverick Spirit
 
Life's Little Instruction Book

Focus on making things better, not bigger.

When faced with a serious health problem, consult at least three health professionals.

Never acquire just one kitten. Two are a lot more fun and no more trouble.

Source:          H. Jackson Brown, Jr  Life's Little Instruction Book
MAVERICK QUOTE OF THE DAY
 

"Knowing is not enough; we must apply.
Willing is not enough; we must do."

Johann Goethe
 

Samuel Maverick (1803-70) Texan rancher who, when branding of stock was introduced chose "Not to Brand." Every unbranded horse or cow he then claimed as a Maverick!

Feedback:   I have selected a couple of words for today... and I hope to hear from you soon with your words of encouragement, wisdom and resolve.

Wayne,

I missed you - I hope that makes you feel better - after your Brisbane Holiday Inn experience, it should.

Sadly, your experience is just part of an epidemic that the whole of Australia suffers from - and its getting worse !

Just 2 weeks ago, my wife was admitted into one of Sydney's so called "Top Hospitals' for a hip rereplacement operation. (the extra re because it was done the first time 30 years ago and quite literally wore out.) The surgeon was fine - courteous, competent and caring but that did not spread outside the operating theatre. The Hospital is very well equipped and relatively new but the nursing and cleaning care are almost non-existent. It is now very much a case of DIY beyond the routine BP & Pulse readings and the regular supply of pills and potions.

No "how are - how do you feel" enquiries. Push the call bell and during the day you can wait anything up to half an hour or more and in the night - no response at all unless your other room patient calls out for you and keeps the pressure on the bell. TV is supplied but the reception is very bad and enquiries reveal that "there doesn't seem to be anything we can do about that" As for the so called 'cleaning' staff - no wonder most hospitals suffer from infection problems.

I could, and probably should, report the casual approach to the authorities, but I have since found out that it would be a waste of time.

Nobody really cares. Amazing isn't it.

Obviously you don't appreciate how lucky you were to ultimately get an apology - the word has almost become obsolete.

Jack Leech

Hi Wayne,

My son Andrew works as a night receptionist due to uni commitments. He left his employ largely because of a situation at his hotel where the guest was treated less than professionally and naturally complained bitterly but the hotel did not back up Andrew when he tried to intervene and instead blamed the guest!
(Andrew was the one expected to report the incident even though it happened elsewhere in the hotel - the guest wanted room service which got botched. When Andrew tried to introduce some logic and apology he was chastised! The whole fiasco took hours instead of minutes - just as in your absurd case)

Anyhow he's now working at a 5 star hotel in the city. This situation was final straw time for him. Thought I'd add my story to yours. I've also sent it on to him. Thanks.

Regards,

Marlene Rattigan
 
Wayne, re making yourself uncomfortable. You may not have fought a bull a la Spain, but you you have fought our noble Government bureaucrats, and that's one hell of a bull. And you may have not won the first round, but it has certainly made you a stronger man - at least in my eyes.

I think it has also sorted out your true friends, but maybe that's another story
 
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Until next time then... enjoy being a free spirit in a complicated world.

Wayne Mansfield Editor

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