This is not first time INSTO burnt client money recklessly....

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09/08/18

00:15

Post #: 34818498
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Originally posted by danhoff ↑

re the insto's investing other peoples' money: if they gave the $132 mill to be burned in the fire, the insto's would have kept their percent for carrying the money to the fire; I am not sure what percent they charge for wheel-barrowing your money into the fire, but they did get millions and millions for their 'work' and 'analysis'; they get paid win lose or draw; their job is to shuffle money and keep a percent; if the shuffle makes some of your dollars burn, that is not their concern

(if they over burn and lose clients, they quietly dismantle their shop and start another new, shiny money burning advice business; have a look at any of their CVs and histories; shonkiness and incompetence does not stop any financial industry person from simply moving around the corner and doing it again; I can even give you real life examples of such people scrubbing their google history, so you cannot find out their history)

this is why, post GFC, I shook my head in dismay at all the lovely skyscrapers across the Sydney centre; they remained; they remained with the signage of the money torchers; and the torchers did not even need to trade down from BMWs to Toyotas

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This is not first time INSTO burnt client money recklessly. Remember BNB (2007 case) Several Billion Dollar Corporation, INSTO kept giving loans and Capital Raising till it went under hammer and eventually got sold into pieces.
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Recent case is RFG (Retail Food Group) now worth pennies.

BDR Price at posting: 5.2¢ Sentiment: Hold Disclosure: Held
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This is not first time INSTO burnt client money recklessly....

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