KEY POINTS:
Most Geneva Finance investors emerged from yesterday's meeting feeling positive about plans to freeze their investments until April 2008.
Several hundred people attended the meeting at Auckland's Logan Campbell Centre in the ASB Showgrounds to vote on the moratorium.
Hamilton investor Patsy Williams-Tarrant said she came to the meeting feeling sceptical after researching the opinions of several financial advisers on the internet. But she felt the presentation had been reassuring.
"As long as the Bank of Scotland stays involved I think we will be alright. I've lost money with Bridgecorp. It's made me feel little bit scared about investing in finance companies.
"We are keeping our fingers crossed that others don't go under as well. The key thing is the Bank of Scotland investment - even though they say it is on par with what the smaller shareholders have."
Alf Powell, who also had investments with Bridgecorp said the Government's comments had not helped the sector although he felt Geneva had handled the situation a lot better than Bridgecorp.
"At least they are keeping shareholders informed. They have gone about this in the right way."
Tom Blackhall said he felt like there wasn't much choice but to vote for the investment freeze but he put his trust in the company to turn around its position.
"I haven't got a lot of financial knowledge but I think they are honest people who will do right by their investors."
Others were not so unwavering in their faith. Reg Schierling said the offer was attractive but even with the freeze going ahead he believed there was only a 50 per cent chance investors would get their money back. George Palmer thought it was unlikely that the small shareholder vote had made any difference due to the weight of the Bank of Scotland's voting power.
"It was likely to go ahead anyway but at least we are not at the mercy of the receivers."
Another investor who did not wish to be named also believed it was better to keep the company out of receivership.
"It will be a firesale if the receivers get it."
