----- Original Message -----
Sent: Monday, May 29, 2000 10:02 AM
Subject: Re: [sharechat] Capital
Properties
Another thing is that this broker did not tell me that these
shares were in the form of an instalment receipt with a further 57c due even
when I ordered 9000 at 62c. Man I was VERY green at the time.
I only found out further payment was due a couple of months later. Well
I have since learned a lot in a hurry. Can I name people in this
forum? Perhaps Ben can advise. michael
----- Original Message -----
Sent: Sunday, May 28, 2000 4:33
PM
Subject: Re: [sharechat] Capital
Properties
62c??? Ouch. Better returns than the
bank? Get money out whenever?
Michael, who IS your broker??? The Mad
Butcher?
----- Original Message -----
Sent: Saturday, May 27, 2000 11:19
PM
Subject: Re: [sharechat] Capital
Properties
Oliver - I've only been interested in the markets
about 12 months or so (still a relative newbie) so I have no recollection
personally of the float being oversubscribed or not. This is
probably an error on my part. My broker may have been talking about
buyers shortly after the initial float increasing their holdings on a
vague dream that they would have saved the money by the time 2nd
instalment was due or on some vague hope that the receipt price would have
increased. I will phone my broker first thing on Monday and see if I
can find out more specifically what he meant. I bought at 62c on his
advice by the way - "a higher return than the bank and you can
get your money out whenever you like" were his exact words as I recall so
maybe your comment about changing brokers is sensible. cheers
michael
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