Storm Financial Group

[Solly]

gg, have you been passing fashion tip steers to Fred ?

He's mentioned the tie, it's all about the freaking tie.

http://www.theaustralian.news.com.au/business/story/0,28124,26299339-5018055,00.html

 

[Solly]

"Storm boss: regulator was in our way"

"Australia's securities regulator allegedly forced the co-founders of Storm Financial to stop any contact with clients and not to take on any new business in early December."

Read more by Michelle Singer in The Australian Financial Review of November 3 2009.

 

[Julia]

Seems to me there's a good bit of difference between blindly agreeing with someone and requesting that they stop posting because they irritate you.

Why just have a go at me? I haven't requested that Harleyquin stop posting.
Others have, so maybe direct your irritation there as well.

If it makes Harleyquin feel better to keep writing that she has no responsibility in the Storm mess, then that's fine with me. I just don't understand it, but that's OK.

 

[DocK]

Why just have a go at me? I haven't requested that Harleyquin stop posting.
Others have, so maybe direct your irritation there as well.

If it makes Harleyquin feel better to keep writing that she has no responsibility in the Storm mess, then that's fine with me. I just don't understand it, but that's OK.

Upon re-reading the last few pages of thread, and having had some sleep, it would appear that I have indeed quoted the incorrect post in my reply. Sorry if you are offended Julia, although to be fair my post wasn't intended to be directed at just yourself, but Bunyip and indeed Oztrades etc, etc.

So to clarify, my intention was to "have a go" (I dislike this term and feel I was rather suggesting an alternative course of action) at anyone who feels OK about publically telling another poster to effectively "sod off - we're sick of your posting". Those of us who read this forum and are not privy to any private communications between posters, naturally can only form an impression based on what has been posted on this thread. My take on what was posted publically was that it was rather rude, and intended as a public "put-down". I may not necessarily agree with all of Harleyquinn's opinions, but I can certainly imagine what frame of mind and emotional state she may be in.

If you have had private communications, perhaps the request to stop posting could have been made privately as well - that way posters such as I would see no need to don our "defender-of-the-downtrodden" capes.

 

[bunyip]

I thought a forum was a place where all could voice their views, not just those that you approve of, or who share your viewpoint. Whatever Harlequin's reasons for posting are is irrelevant in my view (and I seriously doubt it would be looking for a support group!), the simple fact is he/she has every right to express a viewpoint, no matter whether you, or Bunyip, or indeed I, think it makes objective sense or not.

Neither I nor anyone else has questioned the right of Harleyquin to express her views. Nor has anyone on here attempted to take those rights away from her.

None of us has the right to say who can post on here and who can't. And none of us has attempted to do so.

However, when one particular poster keeps up the same pattern post after post with little variation, repeating over and over that they're blameless and all the fault is someone else's, and when that same person appears to get quite upset and stressed out when others disagree with those views, then it's hardly surprising when people ask why that person continues posting, and respectfully suggests that they stop doing so.

It's not an order to stop, nor even a request to stop, nor an attempt to take away their rights - it's just a suggestion that perhaps it would be better all round if they did stop, as there seems to be little point in them continuing to post.

Now, DocK - you've stated your views on the matter, and I've stated mine. I doubt if I'll swing you over to my way of thinking, and you certainly won't swing me over to your's. So rather than have an on-going argument/debate/discussion on the matter, how about we just put it to rest, and leave it at that.

 

[DocK]

Now, DocK - you've stated your views on the matter, and I've stated mine. I doubt if I'll swing you over to my way of thinking, and you certainly won't swing me over to your's. So rather than have an on-going argument/debate/discussion on the matter, how about we just put it to rest, and leave it at that.

Done. (just had to have the last word )

 

[Solly]

The press reports should be good tomorrow with both EC and JC at today's hearing.

 

[Ironhalo]

'Corporate Jet a 'major goal' of Emmanuel Cassimatis.

http://www.news.com.au/business/story/0,27753,26304822-462,00.html

I know for a fact some Storm exec's were getting their pilot's licence on this thing too.

Also, the line by Julie that 'clients were meant to manage their own margin loans' is pure and utter bollocks. I have an SOA here that says otherwise. This lying trollop has no shame.

Also, despite the fact many people WERE watching their own margin loans, it didn't mean anything in the end when we were all sold out regardless of our LVR.

 

[Solly]

Failed advisory firm Storm Financial had no obligation to monitor the state of its clients' margin loans to ensure they weren't reaching risky levels

More by Daniel Hurst here;

http://www.brisbanetimes.com.au/business/because-i-wanted-a-jet-20091104-hww2.html

 

[Solly]

I'm now starting to see a pattern with what is happening...
I wonder what tomorrow will bring.

 

[Garpal Gumnut]

I'm now starting to see a pattern with what is happening...
I wonder what tomorrow will bring.

Tomorrow will bring the dawn, and Storm birds.

I am unable to be in Brisbane for the fore or afternoon.

I would advise all former Storm and Bank employees to approach Worrells or the regulators, ASIC and APRA.

It appears the big fish are setting up the little fish for a long time in gaol.

Gaol is not a very nice place, it is full of very nasty and mentally unwell people.

Any employees need to approach the above with all they know, as if they do so now they will get an indemnity.

What usually happens is that the big fish have good lawyers and get off by wearing the system down with delaying tactics and the employees get done over quickly.

gg

 

[shibby]

Tomorrow will bring the dawn, and Storm birds.

I am unable to be in Brisbane for the fore or afternoon.

I would advise all former Storm and Bank employees to approach Worrells or the regulators, ASIC and APRA.

It appears the big fish are setting up the little fish for a long time in gaol.

Gaol is not a very nice place, it is full of very nasty and mentally unwell people.

Any employees need to approach the above with all they know, as if they do so now they will get an indemnity.

What usually happens is that the big fish have good lawyers and get off by wearing the system down with delaying tactics and the employees get done over quickly.

gg

Take the above seriously, very seriously you only need to look at who is left standing with CBA to know for once GG isn't joking.
There is no tongue in cheek with this post, just good sensible advice.
(GG I really do love your sense of humour, this is not a criticism, there has been more that enough criticism of late)
notice out of respect I have even used capitals.

 

[another one]

'Corporate Jet a 'major goal' of Emmanuel Cassimatis.

http://www.news.com.au/business/story/0,27753,26304822-462,00.html

I know for a fact some Storm exec's were getting their pilot's licence on this thing too.

Also, the line by Julie that 'clients were meant to manage their own margin loans' is pure and utter bollocks. I have an SOA here that says otherwise. This lying trollop has no shame.

Also, despite the fact many people WERE watching their own margin loans, it didn't mean anything in the end when we were all sold out regardless of our LVR.

Julie showed her real colours sometime previously when on a trip her stepson announced his engagement. Her reply to this was to get Manny to purchase a bigger and better ring which she flashed at every opportunity.

 

[another one]

GG has often used the terminology "Muppets", I think the real muppets could end up being the so called Financial Planners who sold their Companies to Manny & Co and were corrupted by the same greed non ethics. They forgot all about looking after their clients to the extent of abusing them when they requested to be converted to cash long before the final bell toll.

 

[shibby]

GG has often used the terminology "Muppets",
I think the real muppets could end up being the so called Financial Planners who sold their Companies to Manny & Co and were corrupted by the same greed non ethics. They forgot all about looking after their clients to the extent of abusing them when they requested to be converted to cash long before the final bell toll.

My god your singing my song, we should talk, my destructor was in the North Sydney NSW Office
She actually told me that she had managed to convert to cash, she said it eas easy I just picked up the phone mimicking the action, and then turned to me and said "I am not allowed to sell you up".
Saved herself and yet destroyed me financially

Wouldn't it have been nice to see some of them on the stand? I dont care which one Parliamentary Enquiry or Worrells in Brisbane.

 

[Ironhalo]

*cough* Ron 'I never looked at the SOA's but funnily enough Ironhalo's family has my original signature on the front of their SOA's' Jelich. *cough*

Shibby, was it Bernadine Frawley?

 

[Julia]

Failed advisory firm Storm Financial had no obligation to monitor the state of its clients' margin loans to ensure they weren't reaching risky levels

More by Daniel Hurst here;

http://www.brisbanetimes.com.au/business/because-i-wanted-a-jet-20091104-hww2.html

Every time either Julie or Manny open their mouths, they are digging themselves an even bigger hole in which to be buried.

I wonder how different might have been the judgements on them if they'd taken the mea culpa view that CBA has demonstrated, i.e. said 'we got it wrong, and are very sorry'.
Suppose it's just not within their lying skins to even consider this.

 

[shibby]

*cough* Ron 'I never looked at the SOA's but funnily enough Ironhalo's family has my original signature on the front of their SOA's' Jelich. *cough*

Shibby, was it Bernadine Frawley?

Anne O'Neill she was originally Precise Solutions.

Bernadine was there too, was she ever a director of Storm?

Last time I looked Bernadine was on the Worrells list as an outstanding creditor I must go in and have another look.

 

[DocK]

Was talking to friends the other day, and mentioned that in storm's dying days some clients had been lent funds by manny & julie on a pay-back-when-able basis. As they were clearly insolvent at the time and it was therefore not their money to give away, I assume Worrells will be looking at reclaiming these funds if they can follow any money trail left behind? Does anyone have any experience or knowledge in this area? I assume finding out just who the lucky recipients were may be easier said than done, as I daresay the cassimatis memory-loss would kick in on cue. Bet the ATO would like some of their tax paid though.... Was it 11mill owing to them?

 

[Cosgrove Fenton]

*cough* Ron 'I never looked at the SOA's but funnily enough Ironhalo's family has my original signature on the front of their SOA's' Jelich. *cough*

Shibby, was it Bernadine Frawley?

Ironhalo - do you really have a SOA signed by the great man Ron Jelich and in what capacity did he sign????