Australian (ASX) Stock Market Forum

Joined
Feb 4, 2010
Posts
7
Reactions
0
Has anyone heard of Commercial Securities? They are trying to sell me a program which they say profits 50k per year on betting on horses!!!
 
Joined
Mar 18, 2010
Posts
1
Reactions
0
Yes I also got the same spiel.
I was told that they do all the investing for Packer Industries and they have a 74% success rate.
They have 4 packages left to offer in Western Australia and I am one of the lucky few (where did they get my number)
They also sent me an email of a portfolio where they have made 58k betting on the horses over one year
In the last three business days I have had 14 missed calls from them chasing up if I would like to join this investment. Now thats determined! I am overwhelmed with their concern.
However I am concerned why their business address is based out of a web design office in Crows Nest NSW that is registered as (e strategy international) and their ABN listed addres is in Surfers Paradise QLD.
Also interesting how they offer to give you a tax free return. This company was registered on 22nd June 2009. I wonder if they will still be there at 22nd June 2010 to provide a financial statement come tax time, or if somehow they will be un-contactable.
If anyone has anything positive about this investment please let me know. Or if they have feed you the same information.
Otherwise too many RED FLAGS for me.
 

Julia

In Memoriam
Joined
May 10, 2005
Posts
16,986
Reactions
1,937
I don't suppose what they're doing is illegal, but maybe consider forwarding their kind offer to ASIC for their assessment?

There are plenty of innocents who would get sucked into this rubbish.
 
Joined
Oct 28, 2008
Posts
8,609
Reactions
35
I am overwhelmed with their concern.
They have 4 packages left to offer in Western Australia and I am one of the lucky few (where did they get my number) They also sent me an email of a portfolio where they have made 58k betting on the horses over one year In the last three business days I have had 14 missed calls from them chasing up if I would like to join this investment. Now thats determined! I am overwhelmed with their concern.
Lucky few my foot. They will flog this to anyone foolish enough to part with their money in return for blind hope.

I can offer a better deal. Instead of buying the program just put the application money into my bank account. I can garantee you won't lose any more by offering nothing in return.

If anyone has anything positive about this investment please let me know. Or if they have feed you the same information.
Otherwise too many RED FLAGS for me.
The only question that needs to be considered of this or it's share market equivelent is why the developers would rather sell it than use it.
 
Joined
May 1, 2007
Posts
2,904
Reactions
45
They're very good at taking advantage of human psychology aren't they...

Plainblue, at least you're doing research instead of throwing money at them :)
But do think about why they're willing to sell a system that MAKES money.
 
Joined
Oct 7, 2005
Posts
10
Reactions
0
I was cold called about a week ago and they sent out the glossy pamphlet.

I received a call today following up, but when I said I thought it looked like a scam, she got all defensive and threatened to sue me !!!

Only 400 packages in NSW blah blah blah. It can't be too exclusive if the cold called me (no idea where they got my mobile number from). I have not looked at horse racing stuff for a decade.
 
Joined
Apr 8, 2010
Posts
1
Reactions
0
Yes I also got the same spiel.
I was told that they do all the investing for Packer Industries and they have a 74% success rate.
They have 4 packages left to offer in Western Australia and I am one of the lucky few (where did they get my number)
They also sent me an email of a portfolio where they have made 58k betting on the horses over one year
In the last three business days I have had 14 missed calls from them chasing up if I would like to join this investment. Now thats determined! I am overwhelmed with their concern.
However I am concerned why their business address is based out of a web design office in Crows Nest NSW that is registered as (e strategy international) and their ABN listed addres is in Surfers Paradise QLD.
Also interesting how they offer to give you a tax free return. This company was registered on 22nd June 2009. I wonder if they will still be there at 22nd June 2010 to provide a financial statement come tax time, or if somehow they will be un-contactable.
If anyone has anything positive about this investment please let me know. Or if they have feed you the same information.
Otherwise too many RED FLAGS for me.
We have had similar issues with this company in the past week. Does anyone have any info or results from this company?:confused:
 
Joined
Apr 12, 2010
Posts
1
Reactions
0
We were one of the foolish ones to purchase a licence from this group. We were told all about the profits and gains and "secure, consistent and stable financial freedom". Three months down the track we have lost more than 50% of the funds we invested (this is not including the $8000 licence fee we had to pay!). We cannot believe how gullible we were. I searched them on the Internet many times and it has not been until recently that I found posts such as this one. This makes me think they have only started up recently, not five years ago like they said. Yes we were stupid...
 
Joined
Apr 14, 2010
Posts
25
Reactions
0
That’s really awful and unlucky Spanna, thanks for posting your experience. I can only hope things turn around for you.

Does Spanna’s experience mean that the ‘monthly results’ information on their page is misleading or an outright lie?
According to the page, the last few months have been a mixed bag with Dec 2009 and Jan 2010 having more than $6000 gain, feb 2010 more than $2000 loss and March more than $2000 gain.

I got called as well (must’ve gotten my number from one of the many competitions or something I entered and ticked the box agreeing to terms and conditions without reading them!) and said it didn’t seem secure enough for me to invest in. Plus initially they only posted results from 2008-2009, but they’ve recently updated their webpage with up to date monthly results (real or not?!)…

According to ASIC, their ACN has been registered since 1994, and former names of the company have been PIGSTONE PTY LTD and FINANCE SYNERGIES PTY. LTD. I can’t find any information about these companies.
Strangely between August 2009 and January 2010, the company has had three instances of ‘484B Change to Company Details Change of Registered Address’. Moving around for all the wrong reasons?

I would love to know more about this company, the internet is bereft of any information beyond this forum and their own website, which is quite unusual in itself.
Basically I am very cautious with investing in anything, but I would love it if this was for real…
 
Joined
Apr 14, 2010
Posts
25
Reactions
0
We have had similar issues with this company in the past week. Does anyone have any info or results from this company?:confused:
Check out their website, they have recently added monthly results, whereas the brochure had old results from 2008/2009...

But of course, they could all be made up BS, although I googled a random selection of the horses, placings and races that were in the results and at least that info appears legit.
 

klf

Joined
Apr 14, 2010
Posts
1
Reactions
0
Spanna, could you please come back to confirm whether the monthly figures on their website are legit? From what you're saying about losing over 50% of your funds it sounds as though they are not. I am being hassled by them at the moment and I too have been stupid enough to invest in this - I have only paid a $2,000 deposit so far though.

I don't mind making a loss in some months as long as the overall annual results means a profit and the figures on the website reflects this, so I would like confirmation whether in fact these figures are legitimate.

Although they are few and far between there are some legitimate sports trading schemes. I have been involved with one for a couple of years and have never had a problem withdrawing funds from them and am way in front from where I started with them, but you just don't know how long these schemes will stay up and running. This is why I thought I would try this so all my eggs aren't in the one basket.

klf
 

brucechaplin

Bruce
Joined
Apr 15, 2010
Posts
1
Reactions
0
I'm another person being asked to handover the $8800 for a 3 year membership. Would love to know what is really being sold here
 
Joined
Mar 3, 2009
Posts
54
Reactions
0
Check out their website, they have recently added monthly results, whereas the brochure had old results from 2008/2009...

But of course, they could all be made up BS, although I googled a random selection of the horses, placings and races that were in the results and at least that info appears legit.
That just proves it's easy to pick the winners if you wait until after the race.
 
Joined
Apr 14, 2010
Posts
25
Reactions
0
That just proves it's easy to pick the winners if you wait until after the race.
Haha good point, classic, I never thought of that.
Chuck in a few losers, a bad month overshadowed by some exponentially better month and it all looks credible!
 

Joe Blow

Administrator
Staff member
Joined
May 28, 2004
Posts
9,730
Reactions
2,130
Given that there are many people coming to this thread seeking information on the company Commercial Securities, we feel that the following information is relevant:

We have just removed a post from this thread that was posted by an individual who registered here at ASF using an email address directly associated with the company Commercial Securities. This person did not reveal his or her association with the company but instead posed as a satisfied client.

This person's ASF account has now been suspended for what we feel is dishonest and unethical behaviour.
 
Joined
Apr 14, 2010
Posts
25
Reactions
0
Thank you for posting that information, it’s much appreciated. Given the scarcity of information about this company, it’s useful to have this forum as a guide, and google brings it up as the second hit.

To pose as a successful investor seems quite a shameless way to market your company, and makes me speculate even more about them. :eek:
 
Joined
May 30, 2008
Posts
1
Reactions
0
Hello all
I will just add my story about 3 or 4 weeks ago commercial Securities contacted me, sent me the glossy Brochure - looks good, after a couple of phone calls about 2 weeks ago they talked me into it, I would of paid then but I had no spare funds so last week i moved some money around and was going to put in the $10,000 ($8,800 for 3 years and $1,200 to trade with) this weekend. i then was going to see how well it went for a month then add more after i seen a prophet to take the trading account to $10,000 (total would of been $18,800.00 invested) where the big $$$ were made.
I did see this forum when i was searching for info but only 2 or 3 comments posted at that time but today a lot more and i'm greatful as this helped and was the final straw not to invest
I had asked a lot of questions in the last few weeks, looked up the ACN number, read all that was mentioned in the above posts. I did find that the current address is regestered to "124 STANHILL DR, SURFERS PARADISE QLD".
"dnb.com.au/express/order/asic_order.asp?id=1&pageFrom=ASIC&ACN=064042048"
they even gave me a contactee phone number to talk to (whom i can't get hold of)
I will be getting a phone call tomorrow from them to see how the transfer of money is going
other info they have told me is that they go public in few months and current investers would of been able to buy shares at a cheaper rate
they also told me the horse thing is a smaller part of a share trading company which they would of talked to me about in a year or so when i would have made some good $$$
I asked how they got my number and it was because i just regestered a business
this is fairly much my story and hope this helps someone else make a better informed decision
also found this about scams
"scamwatch.gov.au/content/index.phtml/tag/SportsInvestmentScams"
Cheers and good luck
Bater
have to copy and paste links and add www to make them work
 
Top