Australian (ASX) Stock Market Forum

Storm Financial Group

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Solly said:
Yes GG, I agree....in spades, in spades.

S
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It is due for the Spring Sittings I have been told. I am booked in to one of those poseur rooms by the pool, not that I'm a poseur, I just like to have a swim early in the morning.

gg
 
ASIC in second Storm claim

The Australian Securities and Investments Commission has launched another claim against Bank of Queensland and Macquarie Bank, on behalf of two aggrieved investors involved in the Storm Financial disaster.
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Read more by Hannah Low in the Australian Financial Review 12 FEB 2011.
 
"Set on 2.5 acres (10,000sqm) of land with manicured lawns and formal gardens, this property is best described as an elegant private retreat. Beautifully designed with a distinct feeling of balance and harmony this two storey home offers comfortable living in well proportioned and tastefully decorated spaces."
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If this is your style, then maybe this auction on Saturday 19th of March @ 4:00PM could be of interest to you.

More info here.

http://www.thehomepage.com.au/property/residential/99-london-belmont
 
Solly said:
GG
Do you think a pre-inspection would be worth it before making a final offer?
I'd like to know if there is really a Panic Room there.
S
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It's not a bad house, one of the guys from the Creek I know was employed as a minder during all the hee ho 2 years ago, and he took some pickies on his box brownie.

He's back inside now.

It's not a bad house, but in this market will go for my pre auction bid , I reckon.

gg
 
Garpal Gumnut said:
It's not a bad house, one of the guys from the Creek I know was employed as a minder during all the hee ho 2 years ago, and he took some pickies on his box brownie.

He's back inside now.

It's not a bad house, but in this market will go for my pre auction bid , I reckon.

gg
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GG,

Sometimes it is beneficial to take a brief trip back in time.

"“We’re one of the good guys and we’re trying to help our clients have a better life.”
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An interesting report,
Will the Cassimatis sell up? .whereilive.com.au/news
 
"STORM REP BANNED FOR FOUR YEARS

A former Storm Financial representative has been banned from providing financial services for four years for making false and misleading statements and providing inappropriate advice to clients, following an investigation by the Australian Securities and Investments Commission (ASIC)."
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More @www.moneymanagement.com.au by Ashleigh McIntyre.
http://www.moneymanagement.com.au/news/storm-rep-banned-for-four-years
 
Solly said:
GG,

Sometimes it is beneficial to take a brief trip back in time.



An interesting report,
Will the Cassimatis sell up? .whereilive.com.au/news
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The thing is Solly, I have an old mate who has lived in Railway Estate all his life. He is a keen gardener and fisherman. He worked for the Railway all his life, and is respected in his community, was in Lions etc.

Now he knows every inch of his house and garden, and loves where he lives. He is the oldest on his street and respected by his family, friends and neighbours.

Would he want to live in Manny's pile. Will Manny miss his pile. Does he know what grows in his garden?

Only he can answer I suppose. Rich men never get to smell the flowers or mulch. he can have his pile.

Or give it to me for a song to onsell to another rich man who never smells his mulch.

gg
 
Garpal Gumnut said:
The thing is Solly, I have an old mate who has lived in Railway Estate all his life. He is a keen gardener and fisherman. He worked for the Railway all his life, and is respected in his community, was in Lions etc.

Now he knows every inch of his house and garden, and loves where he lives. He is the oldest on his street and respected by his family, friends and neighbours.

Would he want to live in Manny's pile. Will Manny miss his pile. Does he know what grows in his garden?

Only he can answer I suppose. Rich men never get to smell the flowers or mulch. he can have his pile.

Or give it to me for a song to onsell to another rich man who never smells his mulch.

gg
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Touché GG, Touché.
 
"Storm adviser struck off, Cassimatises probed

BRISBANE financial adviser, Stuart Craig Drummond, is the first of the former Storm Financial advisers to be censured, after being banned from providing financial services for four years.
However, one of his victims, ruined retiree Frank Ainslie, said yesterday it was all "too little too late" and said Mr Drummond should have been barred for life."
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More by Tony Raggatt @
http://www.townsvillebulletin.com.au/article/2011/02/25/210331_news.html
 
Solly said:
More by Mitch Gaynor @
http://www.couriermail.com.au/ipad/adviser-banned-over-storm-advice/story-fn6ck2gb-1226011617566
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"Manager banned over Storm advice

Stuart Drummond, the former manager of Storm's Brisbane office, was banned by the Australian Securities and Investments Commission yesterday for four years from providing financial services after an investigation found he made false and misleading statements and provided inappropriate advice to clients."
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This is a further example of victims of financial scams being punished by ASIC.

This financially illiterate muppet should have been barred for life.

He can change his name by deed poll, and in less than 4 years will be advising another generation of gullible investors.

gg
 
"Former Storm Financial representative banned

Carey Ramm says... "This sends a pretty clear signal to the banks now that ASIC have been gathering very strong evidence, they've found evidence of wrong-doing and they're basically sending a very clear message to the banks that they need to come to the party, if they haven't already done so,"
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More by Kim Lyell and Penny Timms @
http://www.abc.net.au/news/stories/2011/02/25/3148715.htm
 
Garpal Gumnut said:
It's not a bad house, one of the guys from the Creek I know was employed as a minder during all the hee ho 2 years ago, and he took some pickies on his box brownie.

He's back inside now.

It's not a bad house, but in this market will go for my pre auction bid , I reckon.

gg
Click to expand...

GG,

I note that there are some open house times listed here.
http://city-news.whereilive.com.au/property/story/cassimatis-mansion-goes-to-auction/
I wonder if it isn't worth a quick call to Mike to arrange a quick wander through.
I'm might just check my calendar too.

S
 

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