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Gateway Technology Solutions - anyone heard of them?

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Bill its a punting program. :bs:

Didn't think u were the cowboy type. :cowboy:
 
Nah I'm not SC but I do like a punt occasionally (small money). I think I will stand well clear of this one, the BS alert is on red.
 
I've had some bloke calling me trying to get me to sign up.

Basically, they want $8,800 to sign up to a three year trading license. GTS then place bets on your behalf through Xtradiv (your working capital can be anywhere between 1k and 10k). They take 10% of the winnings.

Apparently all winnings are pre-taxed at 14.5%

I'd be interested to hear if anybody has heard of these guys. Their website foccuses more on purchasing the gambling software and investing yourself (that way they don't take the 10%).

I've had them send the official contract over, just out of interest.

So is it a scam or what??
 
I just had one of them ring me aswell. He said to me that they have an 'investment system' based around the thoroughbred industry.

Apparently accountants give you financial advice (horse racing tips) to provide you with a 2nd income.

Honestly!
 
kev205 said:
so you guys think its a scam...
i've been ask to pay $8800 as well
Click to expand...

It all sounds a little good to be true. All this talk of $400 - $600 profit per week sounds a little suss (I believe this is based on 10k working capital).

The $8800 is purely a licensing fee - you then have to supply the working captial.

I have tried to locate a more detailed product prospectus, to no avail. The contract / documentation sent over to me doesn't provide any detail.

Essentially, all you are doing is opening a trading account and authorizing them to place bets on your behalf.

I'd like to hear from somebody that has actually had experience with such a scheme.

Centex
 
i'm not feeling too comfortable about this...
there should be something in the fine prints..
 
kev205 said:
i'm not feeling too comfortable about this...
there should be something in the fine prints..
Click to expand...

I've got the contract / documentation. Its so brief - that's what's got me suspicious. I'd be happy to send it over to you if you'd like to see it for yourself.

At this stage I reckon I'll be giving this one a wide berth.
 
centex said:
I've got the contract / documentation. Its so brief - that's what's got me suspicious. I'd be happy to send it over to you if you'd like to see it for yourself.

At this stage I reckon I'll be giving this one a wide berth.
Click to expand...


i got it as well....
i dont think i'll be going ahead with it
cheers
 
kev205 said:
i got it as well....
i dont think i'll be going ahead with it
cheers
Click to expand...


Kev ------ seriously ---- dont even consider it ------ SERIOUSLY !!!

buy a coupla trading books on risk management ----- sit on a SIM for a few months ---- learn how not to lose money consistently and put yr 8 grand to use for U ------

i love horse racing ----- but when i bet its with a dollar per bet ----- the market is the best "racing" system u will ever find ----- punting on horses is for fun ---- unless u r a trainer or a jockey ----- or u know a trainer or a jockey who is in the know ----- otherwise forget it ----

did i say SERIOUSLY yet ------ ------- Cheers.

ps ---- Dont !!!!!
 

Even if you know a trainer or jockey, it is still a gamble.
I work for David Hayes, and i know all the assistant trainers, jockeys/trackwork riders, racing admin and i know if i ever get a hot tip it probably has a good chance, but nothing is ever guaranteed.

You are better off finding a professional trots punter. I know a guy who knows a pro trots punter... and they are usually on the money!
 
thanks guys
i got to speak to a few people who is actually doing it at the moment and they seem pretty happy about it.
do you think the phone reference is a scam as well?
 
kev205 said:
thanks guys
i got to speak to a few people who is actually doing it at the moment and they seem pretty happy about it.
do you think the phone reference is a scam as well?
Click to expand...

Kev, apologies and nothing personal mate. But I gotta say it.

They say there is one born every minute - I guess you were the one for your minute.
 
kev205 said:
thanks guys
i got to speak to a few people who is actually doing it at the moment and they seem pretty happy about it.
do you think the phone reference is a scam as well?
Click to expand...

Did you request to speak with existing customers, or did they suggest it? Certainly no offer was made to me throughout the exhaustive sign-up process.

They did offer to cut the $8,800 buy in fee to $5,000 (untill $5,000 was earned on my investment, at which point I'd have to make up the remaining $3,300).

I declined their kind offer
 

They offered me to speak to existing customers.
they gave me the $5,000 option as well.
the guarantee is to make me $10,000 in 6 month with an investment of $1,000 and if they cant do it, they wont charge me for the $3,000.
 
kev205 said:
They offered me to speak to existing customers.
they gave me the $5,000 option as well.
the guarantee is to make me $10,000 in 6 month with an investment of $1,000 and if they cant do it, they wont charge me for the $3,000.
Click to expand...

If they guarantee that profit, why are they wasting their time with you - they could just invest their own money and not worry about all these contracts, phone calls etc.

The only guarantee which they don't present to you is that they will be running off with your money.

What a joke!
 
kev205 said:
They offered me to speak to existing customers.
they gave me the $5,000 option as well.
the guarantee is to make me $10,000 in 6 month with an investment of $1,000 and if they cant do it, they wont charge me for the $3,000.
Click to expand...

Hello kev, you really got to ask yourself that if they are so sure that they can turn you a 55% profit over a year (that's what they told me) why do they need you and your money? I would hog the whole program to myself and keep all the winnings if I had this sure thing happening.

When the fellow called me he dropped his initial investment price to $1,000 as well, you have to ask yourself again why are they so desperate for your money?

I told the fellow that I was not financially viable and that I didn't have a job and that my investments in shares were down the gurgler and he replied with "this can very well suit you". I told him that I had investments with prospectuses, trustees, trust deeds and guarantees and I still lost money with them yet he claimed a betting program would return me 55% per year.

Of course he would offer his evidence by giving you a few names and phone numbers of people who are winning using this system but how do you know they weren't planted stooges working for him? Why is it that they have sold out in Victoria and Northern Territory but there was only a few spots left in NSW? Surely with all those over subscriptions from Victoria they could take some of the NSW places, what do you think?

I would stand aside if I was you, it sounds like a big con to me, sorry.
 
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