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Re: [sharechat] Capital Properties


From: "Ben Dutton" <bendutton@sharechat.co.nz>
Date: Mon, 29 May 2000 13:20:38 +1200


Excellent idea Chris, we'll look into it right away.

Best Regards

Benjamin Dutton

----- Original Message -----
From: Chris <cd@ak.planet.gen.nz>
To: sharechat <sharechat@sharechat.co.nz>
Sent: Monday, May 29, 2000 1:08 PM
Subject: Re: [sharechat] Capital Properties


> Geoff,
> I'm a great believer in complaining to the right person first.  Have you
> spoken to the broker re your conerns directly?  If you do not get an
> adequate response, I would suggest the next step is approaching the MD of
> the brokerage and if still no satisfaction try an official complaint to
> the NZSE.
>
> I fully understand your annoyance but the risks of libel, as outlined by
> Phil, are worth considering.  Also, my experience is people thrive on
> indirect complaint.  Sparking a wave of broker discontent on Sharechat
> may drown us in a deadening debate for a few days.
>
> What I would like to see on Sharechat is a properly conducted poll where
> we get to vote *for* our favourite brokeages.  Ben I think this site has
> come of age, the Ditmus interview for example, and maybe it is time to
> construct and conduct a poll that sends a message to retail brokers not
> to mention the good PR for this site.  Do others share my sentiment and
> wish to uncover the Sharechat 'Best Brokerage' award winner.
>
> Regards,
> Chris
> <cd@pl.net>
>
> >Fair enough Phil but not to be informed of payments due!!
> >----- Original Message -----
> >From: "Phil Eriksen" <phil@acepay.co.nz>
> >To: <sharechat@sharechat.co.nz>
> >Sent: Monday, May 29, 2000 11:23 AM
> >Subject: Re: [sharechat] Capital Properties
> >
> >
> >> Geoff Ewert wrote:
> >>
> >> > Yes warn us who
> >>
> >> >      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
> >>
> >> Geoff, do we really need a witch hunt on Sharechat?  If you are not
> >> happy with the advice you are getting, switch brokers.  If you are
> >> unable to identify a bad broker, put your money into managed funds and
> >> avoid having to.  If you doubt the advice of all brokers, use an
> >> internet service.
> >>
> >> Whether or not this particular broker is "good" or "bad" isn't the
> >> point.  The point is that if you post some guys name as a "bad broker"
> >> on the internet, that email is sent to all of us.  Some of us may save
> >> the message.  Some may print it.  Some may give it to others.  Without
> >> any proof, without any scrutiny, based entirely on the experience of
one
> >> person, somebodys name can be circulated to a large audience of people.
> >>
> >> If people want to make public the names of their brokers because of a
> >> bad experience, well, Ben and Will may as well not be here - hire the
> >> team from TV3's Target to run the forum instead.
> >>
> >> Cheers,
> >> Phil
> >>
>
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