Australian (ASX) Stock Market Forum

BCS - BrisConnections Unit Trusts

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Re: Brisconnections shareholders - financial ruin

thermalmonster said:
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
Click to expand...

Yes.

You have proven to be no better than them. In fact, exactly the same.

So I doubt you will be getting much sympathy on here.
 
Re: Brisconnections shareholders - financial ruin

thermalmonster said:
So Sunder and all you other people who have blamed our ignorance in bying these Toxic shares,
Click to expand...

If you put the same amount of information as Comsec, no. That is, you must say the share is BCSCA, and is $1 Paid.

Other than that, only the fact that eBay prohibits the sale of shares is the only other wrong bit.
 
Re: Brisconnections shareholders - financial ruin

Dont Talk Trash!

I have sold No shares on ebay neither do I intend to do so, Just stating the fact that anyone could have got mixed up with this Lunacy!
 
Re: Brisconnections shareholders - financial ruin

No, not quite, to get caught up in this lunacy, a person must be:

1. A gambler, not even a speculator, let alone an investor.

2. Failed to do their own research

3. Missed all the media, including on the broker's site, regarding this security.

That's not quite just anyone.
 
Re: Brisconnections shareholders - financial ruin

So you think it is right for someone who has never invested in the Australian stockmarket to chuck $500 on a transaction and wind up with a $1M debt hanging over his head ????
What kind of law and society lets that happen?
To destroy peoples lives in that manner.
The Casino and pokies are gambles mate and so too the stock market we dont doubt, however when you loose $500 on betting you dont expect a further $1M debt for the privilage.

Im done with this Forum and the attitude of some of the Punters.
My heart sincerly goes out to Bushie & Rocket and others who have ben caught up in this like myself. Especialy those with family and children.
No one would have bought theese shares knowing that there was this debt hanging over them.
Hopefuly the Next time I post justice will have been done!

Bushie & Rocket I am with you all the way
Be strong, lets work together,lets make it happen :)
 
Re: Brisconnections shareholders - financial ruin

P.S For the record

My shares were listed on e-bay for 30 mins under Thermalmonster for 13,520 shares. Then de listed

I do not own 775,00 shares and did not List them. I have no idea who this person is or if he/she has genuinely sold them. I discovered them on e-bay when I typed in a search for Brisconnections and posted the link on this Forum.
 
Re: Brisconnections shareholders - financial ruin

thermalmonster said:
So you think it is right for someone who has never invested in the Australian stockmarket to chuck $500 on a transaction and wind up with a $1M debt hanging over his head ????
What kind of law and society lets that happen?
To destroy peoples lives in that manner.
The Casino and pokies are gambles mate and so too the stock market we dont doubt, however when you loose $500 on betting you dont expect a further $1M debt for the privilage.

Im done with this Forum and the attitude of some of the Punters.
My heart sincerly goes out to Bushie & Rocket and others who have ben caught up in this like myself. Especialy those with family and children.
No one would have bought theese shares knowing that there was this debt hanging over them.
Hopefuly the Next time I post justice will have been done!


Bushie & Rocket I am with you all the way
Be strong, lets work together,lets make it happen :)
Click to expand...


You are toast mate.

Justice has nothing to do with trading.

Its a zero sum game.

You lose, someone else wins.

If you don't like it or can't hack it stay out of the game.

Don't expose your family to risk you cannot handle.

Caveat Emptor.

google it.

gg
 
Re: Brisconnections shareholders - financial ruin

chops_a_must said:
Yes.

You have proven to be no better than them. In fact, exactly the same.

So I doubt you will be getting much sympathy on here.
Click to expand...
This seems a bit harsh, especially considering the strain any BCSCA owners are under.
I, for one, have considerable sympathy for any of these people.
Haven't you ever made a mistake, Chops? I've made plenty but fortunately they didn't have the repercussions of potentially ruining my life.
 
Re: Brisconnections shareholders - financial ruin

I have sympathy UNTIL the people who made the original mistake are then more than happy to drag anyone else into it to save their own butt.
 
Re: Brisconnections shareholders - financial ruin

Julia said:
This seems a bit harsh, especially considering the strain any BCSCA owners are under.
I, for one, have considerable sympathy for any of these people.
Haven't you ever made a mistake, Chops? I've made plenty but fortunately they didn't have the repercussions of potentially ruining my life.
Click to expand...

Jayan said:
I have sympathy UNTIL the people who made the original mistake are then more than happy to drag anyone else into it to save their own butt.
Click to expand...
Precisely.

Julia, of course I've made mistakes.

But what gets me about this is that these people seem to be no better than the organisations that got them in the first place.

Scamming other people after having been scammed yourself, and then trying to claim that commsec et al shouldn't do what they do is pretty rich.

What needs to happen is lawyers get an injunction and are able to delay the payment date. These people need good commercial legal advice. Getting other unsuspecting victims in on this is not good and reeks of double standards.
 
Re: Brisconnections shareholders - financial ruin

chops_a_must said:
Precisely.

Julia, of course I've made mistakes.

But what gets me about this is that these people seem to be no better than the organisations that got them in the first place.

Scamming other people after having been scammed yourself, and then trying to claim that commsec et al shouldn't do what they do is pretty rich.

What needs to happen is lawyers get an injunction and are able to delay the payment date. These people need good commercial legal advice. Getting other unsuspecting victims in on this is not good and reeks of double standards.
Click to expand...

If that had actually happened, then of course you are right.
But Thermalmonster made it clear he'd "listed" the shares as, I gathered, an experiment, and withdrawn the offer.

It also appears that subsequent paperwork needs to be done to validate any sale which could have occurred.

I might be wrong, but the impression I had was that what T/monster did was pretty similar to my doing a pretend BCSCA order on E-trade just to see if the $2 to be paid info came up before actually completing the Buy order.
I had no intention of completing the order.
 
Re: Brisconnections shareholders - financial ruin

Julia said:
If that had actually happened, then of course you are right.
But Thermalmonster made it clear he'd "listed" the shares as, I gathered, an experiment, and withdrawn the offer.

It also appears that subsequent paperwork needs to be done to validate any sale which could have occurred.

I might be wrong, but the impression I had was that what T/monster did was pretty similar to my doing a pretend BCSCA order on E-trade just to see if the $2 to be paid info came up before actually completing the Buy order.
I had no intention of completing the order.
Click to expand...

All well and good, but:

1) He supported the person doing it.

2) A whole lot of difference checking out info on etrade compared to potentially seeing if it can be done by ebay.
 
Re: Brisconnections shareholders - financial ruin

I must state that parkies and derros have been unfairly targeted in this debate.

Many of these folk are like you and I, with dreams and expectations for their and fanilies future.

Bad luck, addiction or mental illness have left them to fend on the streets.

Pease do not inflict your poor investment decisions on them.

Day to day existence is a trial for them.

They do not need Macquarie after them.

gg
 
Re: Brisconnections shareholders - financial ruin

Absolutely Julia,

Just to proove how easy it is for ANYONE who has no understanding of stocks & shares can get hooked up in this Fraud.

I cant put my mind to anything else on this earth that with a $500 investment could wind you up with a $1M debt.... without any intention.
yes people should do research ect, I am one that didnt look into it.
However the fact it has been allowed to happen without significant warning and double checking is wrong. Regardless of whos to blame.
The Fact that even after all the publicity people are STILL getting caught up in this, and the the culprits still getting away with it!!
 
Re: Brisconnections shareholders - financial ruin

thermalmonster said:
BCSCA shares are listed on COMSEC as Inquiry

What does this mean?
Click to expand...

BCSCA along with every other stock is in this category on Comsec.

The market is closed.

Do you understand the market phases or for that matter, much of anything about the operation of the ASX or share trading/investing in general??
 

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