2021 BRN Discussion, page-14847

I used to feel bad about saying it to my son when he told me his tale of woe but I would tell him about studying for my degree after 11pm at night through to

2am before getting up at 5 am to attend work. I will say no more about the importance of DYOR but I will cite the following from a news item today:

"Westpac will pay around $87 million in compensation to about 32,000 customers whose financial advisers failed to notify them of market-sensitive information about their shareholdings over a fourteen-year period.

The Australian Securities and Investments Commission found the bank's advisers had withheld an estimated 328,000 pieces of important information on corporate actions by ASX-listed companies such as share buybacks, share purchase plans and takeover offers. ASIC said Westpac's failure to properly inform customers caused them to miss out on potentially lucrative opportunities."

You might be a tolerant and forgiving old soul like myself and think that you could forget to do this 50 or 60 thousand times but even I think that 328,000 times speaks of something a little more than forgetfulness and of course we all know that there is no such thing as paid 'rampers' or posters who tell lies to affect the share price to assist shorts or journalists who write untrue articles slanted to produce an outcome with the market price of a share on the ASX. We also know that institutions are always above board and would never employ these sort of tactics to assist with accumulating shares in an ASX listed company for sale on the OTCQX for substantial profits in due course.

Do not trust anyone to the extent that you do not at least read the document or link they are relying upon yourself even if they are completely honest they may have misread something and it has coloured their summary/opinion.

My opinion only DYOR.
FF.

AKIDA Ballista