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David Tweed warning!!

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Hi robots


There are plenty of documented cases where disadvantaged and vulnerable people, both elderly and not so elderly, have been taken advantage of by Tweed......if you want verifiable proof maybe try contacting sources like Today Tonight (ch7) and/or ACA (ch9)......there are obviously other sources as well but as I am not into spoon feeding so I'll let you source those for yourself if you are genuinely interested.

As I said in my earlier post to you I see people like Tweed who prey on vulnerable disadvatnged people as stealing by stealth and imo he and the likes of him are in the same group of low lifes who snatch handbags from elderly defenceless ladies.

If he is happy doing what he does (and I suppose he is within himself) then fine.........but I certainly couldn't live the way he does as I described in my earlier post.

cheers

bullmarket
 
Laughed my head off and many applauded IAG at the last AGM where Tweed complained that IAG charged him $40000 for the cd with sharesholders holding that's the part that got my back up our information on the share registry is there for all to see yes I'm aware it's lawful to obtain the share registry so much for privacy!

cheers laurie
 
Hi laurie


Shareholder privacy is still protected to some extent as you need a 'legitimate' reason to support your request for shareholder information from a share registry. Joe Public can't just ask for personal details of shareholders from a share registry.

But having said that, a week or so ago I received a letter from DRT informing me that they have recently provided, as obliged to under the Corporations Act , their shareholder information to a request from a law firm on behalf of its client.

Obviously I have no idea who the law firm's client is but mrs bullmarket has been rushing out to the mailbox everyday since after the postie had gone past in anticipation of receiving correspondence from Mr Tweed

Have a good weekend

bullmarket.
 
hello,

found plenty of "media" articles, ACA/ch9 had a couple of people who provided shares to Tweed. These individuals commented how silly they were to accept not having checked the latest "market" share price.

surprisingly there wasnt this in your face evidence of frail vulnerable grandma/pa's who the media/people have heavily promoted as being victims.

found interesting opinion on Xstrata's offer for WMC and the similarities to Tweed, in essence buying shares at a certain price.

what about Paul Little and current bid for Patrick?

i think Toll's offer for Patrick is around 6.30 whilist Patrick is trading at around 6.98, was around 7.40.

no Paul Little warning, no cries of vulture, no ACA or Today Tonight vision, people received documentation from Toll to accept their offer.

Paul Little wants to make money and buy patrick as cheap as possible, like most people out there.

thankyou
robots
 
Hi robots

no problem........if you look back at my earlier posts you will see that I acknowledged that some of those that got sucked in should have known better and so have only got themselves to blame.

But there are also vulnerable people that have been sucked in as well and for obvious reasons their details cannot be posted in a forum like this, and I mentioned to you that there are other sources (both media and non-media) you can check if you are genuinely interested.

At the end of the day I haven't seen any verifiable proof that shows my perception of Tweed and people like him is wrong in any way whatsoever so I will continue to maintain it.

You seem to be supporting Tweed targetting vulnerable and disadvantaged people and you are entitled to that view........all I have done is said what I think of people like him and their methods....I can't be any fairer than that

If we disagree then so be it..

Good luck in your endeavours

cheers

bullmarket
 

Robots:

You make a good point. One essential difference is the amount of publicity which has been accorded to the Toll/Patrick situation. Most people, even those without shares in either company, would be aware of the current state of play. It will be interesting to watch the outcome in his battle. Chris Corrigan will not be sitting back and doing nothing.

Julia
 
robots said:
surprisingly there wasnt this in your face evidence of frail vulnerable grandma/pa's who the media/people have heavily promoted as being victims.
robots
Click to expand...
Try Aevum Ltd case.

Aevum Ltd is an aged care company that was formed from the Hibernian Friendly Society. Tweed sent out an unsolicited offer of 35c after the prospectus was issued but before the IPO. The issue price was 90c, the opening price was $1.52. He backed down on his court attempt to enforce the deal when some shareholders who had accepted his offer wanted to change their minds.

Then have a look at the High Court judgement that found his offer to OneSteel shareholders was "misleading and deceptive" as defined in the Trade Practices Act. That's the one where the offer was around market price but payable over 15 years.

Look at the details and look at the record, including examples of the actual offer documents where you can find them. Google is your friend.

Ghoti
 


Robots / Julia
I think you will find that it it the TOL offer itself that has pushed upward the PRK price. The TOL offer was good considering what the market valued PRK at prior. Much of the current share price value in PRK at the moment is on the intangible value placed in the TOL bid. Once gone, PRK goes way South, unless of course the next offer is accepted, which I believe it will be, as most smart onvestors know that this is the only thing that has propped the PRK price up (look at all the other fundamentals of PRK, it should be going down).
 
I see DRT have made an anouncement today warning that David Tweed has sent out a letter to some DRT unitholders offering to buy their units at $1.00,

Current unit price is $1.40+

hmmmmmmmmm......some DRT unitholders .....I wonder if he'll be sending out low-ball offers to fund managers holding DRT units or just to those he thinks might be vulnerable and so be sucked in by his way below market value offer

Can't wait for the postie to arrive tomorrow

cheers

bullmarket
 
Still no correspondence from Mr Tweed today re his offer to buy DRT units for $1... .....I guess ours is lost in the mail

Somehow I doubt he's sending his low-ball offers to fund managers as well and just targeting unit holders he thinks he might suck into accepting his low-ball offer.

cheers

bullmarket
 
I read somewhere that he hates cars and houses. Hes a bit of a weirdo. Yeah although what hes doing is immoral its not against the law so leave him alone.
 
Hi mista200

mista200 said:
I read somewhere that he hates cars and houses. Hes a bit of a weirdo. Yeah although what hes doing is immoral its not against the law so leave him alone.
Click to expand...

You seem to support Mr Tweed's tactics and that's fine if you do as you're entitled to your view just like everyone else.

But people warning potentially vulnerable shareholders of his methods is not illegal either so I, for one, will continue to warn others as and wherever I see fit.

cheers

bullmarket
 
hello,


Interesting the Liberman group taking a 19.5% in a takeover target energy company in Queensland, and have since come out saying they want "x" price based on their "valuation" process.

isnt that what Tweed is playing with on Clime Capital, he is placing his own "valuation" on a company and wants "x" price.

but low and behold, no tv crews harassing Liberman group, no ACA, or today tonight story amazing.

many corporate raiders playing the same game,

seems every other corporate raider without the Tweed surname has a golden halo over their head

thankyou
robots
 
Hi again robots

I think you and others supporting Mr Tweed might be under the wrong impression that I or others are saying what he does is illegal.

It isn't, but just as he is placing his own 'valuation' ,as you put it, on a stock there is absolutely nothing wrong let alone illegal with other people also highlighting to potentially vulnerable shareholders that other buyers in the market are most likely placing much higher valuations on the same stock at the same time via much higher bids on the ASX

I see DRT made an announcement saying that Mr Twedd's company has sent out offers of $1.00 to selected DRT unitholders when the market price is $1.40+. I haven't received an offer from Mr Tweed and I doubt very much any fund managers holding DRT units will have either

So all I am doing is informing fellow unit holders that if they are considering selling for whatever reason they can get much more for their units on the market than the $1.00 Mr Tweed is apparently offering.

see you in the swamp

cheers

bullmarket
 
very smart man, if he can do that and get away with it, can i join him? people who sell it to him at the price he is offering are stupid idiots!
 
hmmmmmmmmmmmmmmmmm

I have received an unsolicited offer from:

Direct Shares Purchasing Corporation Pty Ltd
ABN 47 114 693 168
26 Francis Street
Melbourne
Vic 3000

to buy my DRT units for $1.00ea when they are currently at ~$1.47

Sounds suss to me as I have no idea who DSPC are and although they sent me a self addressed return envelope, they are too stingy to pay for the postage oh dear....since they are offering to buy at a 47c discount the stamp would have been the profit on 1 single solitary unit only

Anyway, I think I might scrape up some of the possum pooh on the driveway below where they must nest and send that back to DSPC in their envelope.

I'd hate to be the person opening up the enevelope at their end..............PEEEEEEEEEEEEYOOOOOOOOOooooooooooo...............

The letter said I should seek my own financial and taxation advice before accepting the offer so I thought I better post the offer details here and elsewhere for guidance.

cheers

bullmarket
 
Bull

I suggest you don't sell!! LOL

Cheers

Dutchie

PS Is this advice ? - if it is ignore it!
 
7Anyway said:
Bullmarket,dont do that ,YOU might get in trouble for breaking some health regulation.Instead wrap a brick or phone book and send that.
Click to expand...
 
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