BCS - BrisConnections Unit Trusts

[Garpal Gumnut]

Re: Brisconnections shareholders - financial ruin

Hey GG

You dont have to win the Lotto to by them you fool

I reckon you could by 99,00000 of them for bugger all.

I tell you what I will give you mine for nowt, hows that sound.
If you are realy desperate for some theres a guy on ebay selling 775,000 of them but he is charging $349 buy it now.

,.... now why has he not got any bids??????

how many you got pm me mate

gg

also anyone else

gg

 

[thermalmonster]

Re: Brisconnections shareholders - financial ruin

13,520 shares Free to a good Home

 

[thermalmonster]

Re: Brisconnections shareholders - financial ruin

In all seriousness what I cant get my head around is that not even the main banks are prepared to by the shares at 0.001 when 12 months ago they were $0.720
Un real that anything could be that bad an investment.
BCSA have shot themselves in their own Foot.... sorry Brain with this one.

 

[Sunder]

Re: Brisconnections shareholders - financial ruin

http://cgi.ebay.com.au/CHEAP-SHARES...ItemQQimsxZ20081225?IMSfp=TL081225124001r1217


Ha Ha someone has already listed their shares on ebay !!!

Someone needs to report this sale. They are probably even more deceptive than a broker, since they don't even mention the security code.

 

[Jayan]

Re: Brisconnections shareholders - financial ruin

I feel really sorry that some of you have gotten into this debarcle.
I don't own personal shares, gave up the stock market as just a casino many years ago. So not a MAQ shareholder either...

BUT
I am a Qld tax payer and since I had no hand in any of this, I don't think the Qld Gov owes anyone anything. Don't make this our problem, it's NOT!



If you want to play on the stockmarket, you have to be responsible for the outcome and what that entails, if this was a dollar spinner, you would all be happy to pocket the gains. It's gone bad, very sad and sorry to hear that but it's a problem belonging to you each that bought, the company and the under writer.

Rocket said on Page 2

There are only 3 shares in the whole industrials sector that are contributing shares, they are not common, so you would think that they would make this fact far more obvious.

Bing Bing ...
You think anyone trading shares would stop right there, if there are ONLY 3 trading as contributing shares, where were your warning bells that these are different?

Even I would have done a bit of research at that stage and not jumped right in. It boils down again to buyer beware.

Hope it works out for you BUT it's NOT Qld's problem

 

[storchyman]

Re: Brisconnections shareholders - financial ruin

Wont BCS have a lot of money in the bank, and be worth something more than nothing, if / when the $1 is payed up by the holders?

or is there a big debt or something I'm missing here?

 

[Prospector]

Re: Brisconnections shareholders - financial ruin

Someone needs to report this sale. They are probably even more deceptive than a broker, since they don't even mention the security code.

Is this sale by an ASF person?

 

[Sunder]

Re: Brisconnections shareholders - financial ruin

Wont BCS have a lot of money in the bank, and be worth something more than nothing, if / when the $1 is payed up by the holders?

or is there a big debt or something I'm missing here?

Yep, but the market is essentially saying the share will be worth less than $1, after $1 is paid. So buying shares in it right now, basically means you might be receiving 0.1c for every dollar you put in. Bargain, hey?

One way to think of it, is that while they have no monetary debts, they have a "debt" to the QLD govt to build a road - a road which the market does not believe is worth what it costs to build, and won't return enough revenue through tolls to make it worth the initial investment

 

[skc]

Re: Brisconnections shareholders - financial ruin

OMG... someone just bought the shares at ebay!!

Merry Xmas to the seller. Not so happy new year for the buyer!

I wonder how legally binding is this ebay transaction??

 

[thermalmonster]

Re: Brisconnections shareholders - financial ruin

Once the buyer has signed the paperwork I guess its as legaly binding as ours are off comsec. Whats the difference.

Fair play to the seller becuase that was my Idea!!

 

[julius]

Re: Brisconnections shareholders - financial ruin

Jesus christ what a f*cking nightmare.

Why doesn't Brisconnections offer a share buy-back, where they buy the outstanding partially-paid shares back for $0.00 ?

 

[grace]

Re: Brisconnections shareholders - financial ruin

OMG... someone just bought the shares at ebay!!

Merry Xmas to the seller. Not so happy new year for the buyer!

I wonder how legally binding is this ebay transaction??

I see the small print disclosure under the ebay listing as follows...

Trading in financial products involves the risk of loss. Any purchaser who agrees to purchase these units does so at their own risk and forever holds harmless the seller from any loss or damage the purchaser may suffer.

Could this really be binding?

 

[Prospector]

Re: Brisconnections shareholders - financial ruin

OMG... someone just bought the shares at ebay!!

Merry Xmas to the seller. Not so happy new year for the buyer!

I wonder how legally binding is this ebay transaction??

It is sus! This is the first thing that bidder has bought, you really think a newbie to ebay would buy shares as their first ebay purchase? I think someone has worked out how to offload their shares...

 

[cuttlefish]

Re: Brisconnections shareholders - financial ruin

It is sus! This is the first thing that bidder has bought, you really think a newbie to ebay would buy shares as their first ebay purchase? I think someone has worked out how to offload their shares...

Here's a theory on this - someone sells them via ebay ... the ebay buyer gets the lawyers in and sues the seller/gets the sale annulled. The seller now has a test case as an example to use to defend their own original purchase via the asx.

 

[chops_a_must]

Re: Brisconnections shareholders - financial ruin

Once the buyer has signed the paperwork I guess its as legaly binding as ours are off comsec. Whats the difference.

Fair play to the seller becuase that was my Idea!!

Any bets it was this guy?

 

[Sunder]

Re: Brisconnections shareholders - financial ruin

It is sus! This is the first thing that bidder has bought, you really think a newbie to ebay would buy shares as their first ebay purchase? I think someone has worked out how to offload their shares...

The buyer has a 5 year history and 100-499 positive rating, 100% positive

 

[Sunder]

Re: Brisconnections shareholders - financial ruin

Just found this:

Stocks and Other Securities

The sale of stock or other securities is not permitted on eBay.

Violations of this policy may result in a range of actions, including:

*

Listing cancellation
*

Limits on account privileges
*

Account suspension
*

Forfeit of eBay fees on cancelled listings
*

Loss of PowerSeller status

 

[thermalmonster]

Re: Brisconnections shareholders - financial ruin

No Its not me.
However I have just listed them as a test piece. I had the idea a week ago but did not act on it.
However I have disclosed much more information than that was dislclosed to me by comsec.
I wonder if someone will buy them.
Either way, you still will have to get them to fill in the paper work afterwards

 

[Garpal Gumnut]

Re: Brisconnections shareholders - financial ruin

I still reckon if you guys would pay me enough to buy them , I'd be in like Flynn.

gg

 

[thermalmonster]

Re: Brisconnections shareholders - financial ruin

So Sunder and all you other people who have blamed our ignorance in bying these Toxic shares,
You Think its wrong for us to sell them on ebay, But its ok for the ASX and COMSEC to sell them to us ???

I tell you what, The buyer of my shares has much more information and warning than I recieved and probably more protection.

and for the record I will be de- listing my sale. Just wanted to prove a point that anyone can fall into this Trap that some of you are too Holey er than though to fall into.
Jim