Myanmar Investments Share Discussion Threads

[htrocka] 18/7/2006 19:10

The second time in one week, the Americans,ie, FBI, have detained an AIM director for corruption.....First the `Natwest three`...now the Betfair director ....have the Yanks got a different interpretation of the word corruption or is it just not in the LSE dictionary....why is it that the Yanks believe our accepted practices are, to them, corrupt. Why were these two cases not picked up by the LSE and the FSA?....has corruption in this country just become an accepted way of life?.....with a policy of ...it`s OK as long as you don`t get caught`

[the wise one] 18/7/2006 14:47

why are we still here????

[twix386] 15/7/2006 04:46

Twins seperated at birth to finally answer the Nature or Nurture question.

We have the answer now!

[darth v] 15/7/2006 00:34

Quiz question for the weekend (and the FSA) 'How long has Alan Easter known Richard Craven?'

[htrocka] 13/7/2006 19:48

so we`re all agreed then...they`re a bunch of crooks....and have the FSA`s blessing.....so it`s business as usual, the AIM is becomeing a haven for crooks and thieves.........no wonder the Yanks won`t touch the LSE AIM....my advice is avoid this lot like the plague..or risk being sucked in again.

[twix386] 13/7/2006 17:56

ok time to stop.

I think the point is beyond doubt with the facts as they have come out.

[twix386] 13/7/2006 17:36

Let's hope they throw the book at all these...... I've run out of adjectives severe enough without swearing, to sum these guys up anymore.

What a thoroughly distastefull set of individuals happen to pass by these companies. Was it pure chance and chance again and again.

Surely anybody who knows enough about these businesses should be yelling that IAL, MIL and probably TMP are the few rotten apples spoiling it for the rest, to try to salvage some pride. Whao! I am laughing so much, I just pi55ed my pants!!

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[paulkent] 13/7/2006 13:10

im sure there are laws..there ought to be anwyay!....and if i was a creditor rather than a shareholder, id sue and have the truth come out one way or another coz the amount the creditors get will be directly affected by this..mind you, i suppose its the administrators you'd have to sue??... but what i still dont understand is that this was a deal done BEFORE the administrators got involved?...maybe it was done that way for a reason?

[oh dear] 13/7/2006 09:56

i dont suppose theres any laws against this kind of thing...is there?

[darth v] 12/7/2006 22:47

And you are surprised? Come on, with so many questions there just had to be a simple answer and now you have it. This deal was agreed long ago. RIP.

[twix386] 12/7/2006 15:28

Nice one Paul,

I edited my post above alittle (only the final paragraph), so you may wish to still agree or amend your reply.

Anyway,

It has been a pleasure discussing through the months with you and I wish you all the very best.

If you have anything spare I would look at OIP as I suspect there is a much better than evens chance of a significant rise within 3 months. Good luck ;-)

[twix386] 12/7/2006 10:40

Yes, bitter (as I said a bit bitter) about the endowment thingy, but not at all bitter about MIL personally , just sad to see a repeat performance of IAL and confirmation of all that should be better in every way about this industry, its practices and some that work in it. Tebbutt etc

Actually I have done rather well ever since I took control in the round.
My only regret is that I did not do it earlier and so far my only major losses have come from listening to the so called experts on endowments and on selling my house when the experts were all predicting a crash and I listened to them. Totally my responsibility and I don't blame anyone else for my actions, of course, but you experts are no better than a crystal ball 50% of the time and either rogues or inadequately trained maybe 10% - 15% of the time.
Clearly you are one of the good guys and that restores a little faith.
I recovered my property losses myself, which I really doubt an expert could have done for me in the same time frame or given some of their woefull predictions, advice and at times let's face it, deserved reputation. I would still be waiting to do anything like half as well over the last 5 to 6 years.
As we all know a Monkey can pick shares with as much success as many fund managers and if you research and pick solid stocks and run your winners and cut your losers ruthlessly you don't get stuck holding a Millfield.

I have no reason to be bitter about MIL. I got out in plenty of time and can see it for what it is or rather was and some others can see that too now.

To recover losses and give an example look at OIP and watch it double in the next 3 months.

[paulkent] 12/7/2006 08:41

so he has a job with Bates?...well there you have it!...i only hope some creditors somewhere are asking themselves why they should put up with not getting their money back if there were bigger money deals to be had for the sale..

and on the OTHER stuff...got to be quick so brief points only..
twix - i understand the thrust of what you say and im sure there are many instances of dodgy salespeople...but, if you HAD to have an endowment to get the mortgage you wanted, then it seems irrelevant to me what happened after that..doubtless you made money on the property you would not otherwise have been able to buy, so actually the "provider" did you a favour by letting you have this potential high risk product to THEM (ie if you defaulted, negative equity risk etc) so i cant see why they shouldnt be allowed to attach conditions to their owen products??...like getting lots of money off a holiday, but only if you take out travel agents insurance etc...its a deal, take it or leave it

darth, you say IFAs are "responsible" for their clients financial affairs, but surely if a client invests in a fund (in good faith) that then "plummets", then that surely cant be the IFAs fault..???...wow...i mean what timescale would you measure that over anyway?.. what about blaming fund managers as well then?..what about suing capitalism itself!??...and if clients DONT pay IFAs fees for ongoing work, then what obligation does the IFA have to provide ANY ongoing service??..i dont quite get why theyd work for nothing (would you??) and i presume commission based IFAs are getting commission for what they do initially and not obliged beyond that point?..if they are, for no money, then no wonder they never make profits!!!..after all, you cant have your cake and eat it by saying that commission IFAS are being overpaid to flog a product, and then turn it on its head and say that actually theyre being paid to flog a product and then service it for infinity...i dont think ANYONE would allege they were then being overpaid for the sale of the product in the first place could they?????

[twix386] 12/7/2006 08:25

Couldn't agree more Darth.

Feathering nests and customrs and shareholders scorned