This is a mobile optimized page that loads fast, if you want to load the real page, click this text.

How to be a Prick!

Amazing coincidence that it is another demutualised company( he did the same with AMP ), with a lot of people on the register who didn't actually buy the shares and know nothing about how the share market works.
Is this the one where in the very small print it says that you will be paid todays price but in 10 years time? Such a generous man. irate:
 
MEDIA RELEASE
30 September 2005
Tweed launches new offer for IAG sharesthrough a different
Direct Share Purchasing Corporation Pty Ltd (DSPC). This follows a separate offer made earlier this month through another company owned by Mr Tweed, National Share Purchasing Corporation.
Insurance Australia Group Limited

ABN
60 090 739 923

388
George Street

Sydney NSW 2000 Australia

iag.com.au

IAG does not endorse any unsolicited offer from Direct Share Purchasing Corporation Pty Ltd or any other company to buy IAG shares from our shareholders.
IAG Group Company Secretary & Head of Investor Relations, Ms Anne O’Driscoll, said this offer significantly undervalues IAG shares and shareholders should seek advice before deciding whether to accept the offer. “DSPC is offering shareholders $3.50 per share, which is more than $1.50 below the lowest price at which IAG’s shares have traded in the past year. Shareholders who sell at this price will be doing so at a significant financial disadvantage relative to what they could obtain in the open market,” Ms O’Driscoll said. “The offer also includes a grant of power of attorney from the shareholder to DSPC, which has significant legal consequences. “This is the fourth unsolicited offer to acquire shares in IAG by different companies associated with Mr Tweed in three years. “Earlier this month, Mr Tweed, through National Share Purchasing Corporation, offered shareholders $8.10 per share, paid out over 18 annual instalments of 45 cents per share. In 2002 and 2003, National Exchange, another company associated with Mr Tweed, made two unsolicited offers. Although IAG wrote to shareholders individually on each occasion, thousands of holders accepted the offers even though they were for less than the market price of the shares,” Ms O’Driscoll said. IAG has informed the Australian Securities & Investments Commission (ASIC) of the situation. Shareholders who receive any unsolicited offer are urged to read the document carefully and obtain professional advice before deciding whether or not to accept the offer. Please note that the advice in this media release has been prepared without taking into account the objectives, financial situation or needs of particular shareholders. Before acting on this advice, shareholders should consider whether it is appropriate to their particular circumstances. Shareholders should also read any offer document carefully and consult a professional advisor before making a decision.
 
I am amazed that some people think that what Tweed does is OK. It is a disgrace that he takes advantage of the elderly or unaware. Our society still should try to protect those who require it.

I assume those who think what he does is OK would be quite happy if their mother was tricked into selling her house for say half its' real value.

I have received about four offers from Tweed. I take pleasure in sending back his prepaid envelope with a blank piece of paper (a small cost to him of 50c). Maybe white powder would be a good idea.

He is a low life vermin.
 
Bingo,with all due respect maybe thats your problem,getting so many offers from the vermin(tweet) ,by sending the reply envelope at his cost all you are doing is confirming your details and keeing yourself on his radar ,we`ve only received one offer which went straight in the bin, since then nothing else.I`m thinking that the vermin gets confused by silence and thinks that maybe your`re no longer at that address and gives up.Just a thought.
 
I think its disgusting also... While ageing may have little effect on some of us, for others it does effect memory, awareness etc, For someone to exploit the vunerabality of a person is abuse (Elder abuse in this case..)

http://www.aoa.gov/eldfam/Elder_Rights/Elder_Abuse/Elder_Abuse.asp

 
Tarnor,
yesterday I was contacted by someone who was cleaning air vents in our area,told him nicely that I wasnt interested ,he tried to convince me that i needed this service,was i sure that i didnt want this service,
to cut a long story short i told him to go and get f.....d
So , sometimes is not about elderly having their wits about them some people
like (tweet)are practiced in getting their way or simply pressuring their way and some people just dont want to seem rude and agree to things they dont want to do.It seems to me that manners no longer gets you where you want to go and scum like him just wear people down.Hence the need to protect people at every turn.
Just my experience.
 
I once explained how to sell shares to someone (elderly and not in good health) in a situation like this.

They'd never owned shares before and didn't have a clue how to go about buying or selling. They had no idea about brokers although they did know that the stock exchange existed and thought they had to go there in person to sell their shares.

I just made an appointment for them to talk face to face with a local full service broker and went along to the meeting with them. All sorted out quite easily.

They could very easily have been duped by the likes of Tweed given their lack of knowledge, health worries and desire to sell the shares as soon as possible in order to gain some benefit from the money while still able.
 
I've lost count of the number of times I've seen or heard some sort of home maintenance service being offered which is at best unnecessary and at worst completely pointless.

Faced with some dire warning about something leaking, catching fire or blowing up, many people will simply pay for whatever is being offered.

There are some things that are worthwhile of course. Like cleaning the gutters to prevent rust (and reduce fire risk in rural areas) and also keeping a good anode in the hot water tank will save $ in the long term.

But you don't need to be servicing fridge motors (they're completely sealed and can't be serviced so that one's an outright con) and most roofs aren't going to blow off or collapse if not fixed in the next two days.
 
Cookies are required to use this site. You must accept them to continue using the site. Learn more...