Hello kev, you really got to ask yourself that if they are so sure that they can turn you a 55% profit over a year (that's what they told me) why do they need you and your money? I would hog the whole program to myself and keep all the winnings if I had this sure thing happening.
When the fellow called me he dropped his initial investment price to $1,000 as well, you have to ask yourself again why are they so desperate for your money?
I told the fellow that I was not financially viable and that I didn't have a job and that my investments in shares were down the gurgler and he replied with "this can very well suit you". I told him that I had investments with prospectuses, trustees, trust deeds and guarantees and I still lost money with them yet he claimed a betting program would return me 55% per year.
Of course he would offer his evidence by giving you a few names and phone numbers of people who are winning using this system but how do you know they weren't planted stooges working for him? Why is it that they have sold out in Victoria and Northern Territory but there was only a few spots left in NSW? Surely with all those over subscriptions from Victoria they could take some of the NSW places, what do you think?
I would stand aside if I was you, it sounds like a big con to me, sorry.
thanks Bill
also i checked that their ABN number is less that 12 months old.