Recent content by specialed

Great, I can see it now. ASIC takes two years to determine that in fact the ACCC should have been investigating this whole affair. The ACCC, not content with ASIC investigations decide to hold their own. This then takes another two years....Meanwhile storm victims continue to go bottom up...

Agreed, even the FPA has been able to make a determination......ASIC's inaction Im sure represents a desire to safeguard themselves rather than identify the blame. I doubt anyone will ever be privy to what they have consistently referred to as "confidential negotiations" even if they end up...

Interesting ?? http://www.townsvillebulletin.com.au/article/2010/10/28/180661_news.html

http://www.lawyersweekly.com.au/blogs/top_stories/archive/2010/10/21/lawyer-likens-storm-collapse-to-watergate.aspx

This whole ASIC investigation is beginning to smell really bad...It appears it may well be all about covering their own backside rather than seeking the truth let alone compensation.

Further, Thanks for your clear and consise, "simple and epitomised" account of how this all happned. I will be sure to forward this explanation on to the CBA, Bernie Rippol, Slater and Co, ASIC and SICAG and anyone else who needs to know. Everyone will of course be extremely gratefull that...

Ironhalo, I have NEVER blamed the banks for all this, nor have I denigrated those who also don’t blame the banks. However, For your information I believe you have the metaphor back to front. The "cornerstore" in this situation is Storm, the company that made the cigarettes is the banks. Much...

I agree it is a very big IF...., which may never have its day in court..In terms of Manny, ASIC appear to be very quiet on the whole Manny part of this...It is ASIC of course who would prosecute any parties if breaches of the law are found and this would include Manny. Surely the "commercial...

The basis for the levitt action is the same as that of ASIC, its just the ASIC case can only be described as IN-ACTION... The banks are dragging their feet in all of this, as you would expect. Hoping that eventually their will be no fight, or capacity to fight left in any of the members...

In my absence from this forum it is good to see you still havent let go of this thorn in your side GG. Why the interest, did you intend to nominate ? I wish you had persued some of the other parties with such interest and vigour..

I believe they had elections earlier this year but could be wrong..why do you ask ?

And as ASIC drags it feet, as does the CBA, slowly through attrition forcing storm investors to take the woefully inadequate offers as they have no other options.....

What a surprise, one lot of lawyers warning former storm clients of the actions of another lot of lawyers. If Scattini and co were doing a better job in this debarcle then these people may not be seeking the services of other law firms. It would appear the CBA is doing all they can to draw...

Julia, I appoligise for repeating the above message but my computer decided to blow up before I had finished editing. Julia, Ammended message below I dont think all of the investors believed the were entering into a risk free scheme. However, they believed the risk associated with the...

Julia, I dont think all of the investors believed the were entering into a risk free scheme. However, they believed the risk associated with the margin loans (coupled with the margin call if used as they believed it would be) was worth the return. For many it proved an effective way to...