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Commercial Securities?

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looks like we are all doing our homework. I too was about to invest and would have except my gut kept telling me something is not right. They were quite pushy and all the NSW licences have been sold but they were going to give me a WA licence anyway. If this is fair dinkum it would be brilliant but for me $18800 is too much to risk to find out. I have checked the net, fair trading and ASIC to see if this is above board, the jury is still out but at this stage I am doubtful I will go through with this investment. Anyone else have any ideas on this investment.
 

Hi Bater,

Thanks for the input. I think a fair few people would be really interested in your experiences!

The bottom line to me is:
It is a hell of a lot of money to just hand over to someone that has called up and has no apparent credentials. Worse yet, googling them comes up with their own website, and this forum discussion and nothing more. Even my own name comes up with more hits than that...
 
Seriously guys.

Is a flashy brochure and a high pressure sales pitch really enough to convince you to fork over nearly $20k?
 
shiftyphil said:
Seriously guys.

Is a flashy brochure and a high pressure sales pitch really enough to convince you to fork over nearly $20k?
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No of course not... That's why we're trying to find out more here, as there is nowhere else that has discussed this opganisation that I can find.

The returns they are offering are very very tempting, and don't seem all that unfeasible…

But I need a lot more than a glossy brochure, sales pitch, oh and even the 16 years the company has been registered with ASIC, to hand over my savings...
 

I'm with you just looking. I would love to find out more about this investment. They keep ringing me to pay but at this stage I won't until I am convinced this is above board. I would love to hear from investors on how it has gone in the past.
 
duffyfrog said:
I'm with you just looking. I would love to find out more about this investment. They keep ringing me to pay but at this stage I won't until I am convinced this is above board. I would love to hear from investors on how it has gone in the past.
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There's one or two on this thread who (regretfully) would have been better off taking up my offer from the first page of this thread.

Next time they ring, tell them to .... off or if you prefer a more gentlemanly approach, just hang up.
 
Only minor compensation I know but the fact that you have had the courage to post your experience will help others.

Is there any legal recourse ?
 
I too am getting hassled on a weekly basis by these guys.....Warren Dunn is it...ring a bell...is this guy even real?

The only way for this co to prove their legitimacy is;

Send us the bets to be placed, for a period of one month.

The info can be sent 5 or 10 minutes BEFORE each race starts, by SMS or email

As long the bet info is sent BEFORE each race, then we have no reason to doubt their betting strategy.

This is what I will be asking Mr Dunn for next time he calls!
 
sloppy said:
I too am getting hassled on a weekly basis by these guys.....Warren Dunn is it...ring a bell...is this guy even real?
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He's obviously not a gentleman so the next time he rings give him the two short words suggested above prior to hanging up.
 
I would love to here from Spanna who said that they made a loss on it. According to their website they have made gains.

I know that their tactics seem rather crude, that is, the brochere and the chasing. However, I had the same with TradersCircle but it has been successful investing with them.

So before we are quick to judge I like to know what the real figures are.
 
lawtownnz said:
I would love to here from Spanna who said that they made a loss on it. According to their website they have made gains.
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1) You all ready have. He made a loss.

lawtownnz said:
I know that their tactics seem rather crude, that is, the brochere and the chasing. However, I had the same with TradersCircle but it has been successful investing with them.
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2) If it's that good then, why are they flogging it instead of using it ?

lawtownnz said:
So before we are quick to judge I like to know what the real figures are.
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3) See 1 above.
 
This thread is bizarre...i really don't know what to make of it, there's posts that are pure comedy gold, and others that are just simply disturbing...its all somewhat unreal.

These schemes pray on people that are stupid/gullible enough to believe in them, because the other 98% of the population just isn't that stupid/gullible...and so they simply cant profit from them...so they can pretty much claim anything they want.

Life sucks for some people.
 
It seems to be that I was also one of the foolish ones. I was chased by this company in January until I signed their paper and deposited the money. I paid the $8800 for the licence plus $3000 for the trade investment. I have been monitoring the account since then and now have lost more than 50% of the funds I invested. I tried to contact the salesman many times without success. I was promised by the customer service that someone will call me but no one did. When I checked their web site, the company included reports for the past three months (those three months that I lost half of my fund). The reports indicate profit for January and March! I think I was scammed with misleading information. These reports proves how the company cheated me and others by providing false information when I compared their reports to the reports in my fund.
Gents, I will be starting my legal action by first reporting my case to ASIC and ACCC. I encourage the others to do the same please. By doing that we will be supporting each other to stop this scam or who knows we might be able to be successful to get back our monies by legal actions.
 
I can't believe this thread either. How can so many people not have heard " if it sounds too good to be true ...."
 
hhralhh said:
I have been monitoring the account since then and now have lost more than 50% of the funds I invested.
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Pull the remainder out before you lose that too.

I don't fancy your chances of getting your money back but if there is evidence that demonstrates fraud then those running the scheme may face criminal charges. That might slow them up a bit.
 
Colonel Flagg said:
I was cold called about a week ago and they sent out the glossy pamphlet.

I received a call today following up, but when I said I thought it looked like a scam, she got all defensive and threatened to sue me !!!
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That kind of unlady like phone manner should be responded to in the same way as ungentlemanly like phone manner described above.

When cold called you are under no obligation to justify you position if you don't like it, even if they ask. Thay are after all invading your privacy for their own personal gain. The above kind of bullying tactics are designed to keep potential customers engaged in the hope that they will ultimately make a sale.

If you don't like it, just hang up.
 
Thanks for the good advices. No I will not be investing.

From a cold call 3-4 weeks ago I have been parrying with a salesman who forwarded a glossy brochure, showed good returns, $56,000, two further levels above, with a possible IPO in the future. When pushed could not give me details until "I had served my time" my words.

Last Saturday I was waiting for a sample of the "investments", they did not arrive. The choice of "referee" was only one, not good enough, You have all heard it before, its the same story.

Causes
 
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