M+ Fixed Income notes were issued by M101 Holdings Pty Ltd. Approximately 250 noteholders subscribed to $65 million worth of notes between June 2019 and March 2020. The company remains free from administration and with principal and interest payments temporarily suspended until the group's liquidity position improves. | Media.com

M+ Fixed Income Offer Document.pdf

Promissory Note Deed Poll - Executed 22 June 2019.pdf

M+ offer documents

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Mayfair 101

Public

Company

M+ Notes

Response

<h3 style="margin-left:0px;">M+ Fixed Income notes was an unsecured lending opportunity made available by M101 Holdings Pty Ltd to qualified wholesale clients from June 2019 to August 2020.</h3>&nbsp;Approximately $65 million was raised in the notes between June 2019 and March 2020 before the Australian Securities and Investments Commission began to attack the Mayfair 101 group. The principal repayments were suspended on 11 March 2020, the same day the World Health Organisation declared COVID-19 a global pandemic, to preserve the group's liquidity position (which is an industry standard practice to protect investors).On 13 August 2020 ASIC obtained interim injunctions against the company's director, James Mawhinney, disallowing him from dealing in financial products. The injunctions remain in place until the determination of the remitted trial VID524/2020.The company remains free from administration.Mayfair 101 is presently undertaking legal and investment initiatives aimed at ensuring all M+ noteholders receive full repayment of their notes including interest.

Basic info

Basic

M+ Fixed Income notes were issued by M101 Holdings Pty Ltd. Approximately 250 noteholders subscribed to $65 million worth of notes between June 2019 and March 2020. The company remains free from administration and with principal and interest payments temporarily suspended until the group's liquidity position improves.