just to back up the comments.
http://www.businessspectator.com.au/bs.nsf/Article/Former-MP-sold-his-Firepower-shares-to-young-famil-GV268
Former MP sold his Firepower shares to young family
Abstracted from The West Australian
TOP News
*
Asciano gets private equity bid
11:42 AM
*
Just to recommend Premier bid
10:26 AM
*
Local stocks open flat
11:13 AM
*
House prices rise 8.2%
11:51 AM
*
Lend Lease tips profit plunge
10:36 AM
The Spectators
*
Bartholomeusz: Lend Lease's UK shock
*
Banks corner the mortgage market
*
Kohler: The first full-employment recession
*
Only luck can save the US
*
Gottliebsen: Australia's lifestyle revolution
Western Australian (WA) couple Alana and Mark Kay invested in fuel technology group Firepower on the advice of financial adviser Quentin Ward. Ward told the couple they could buy shares through Seaswan, the company of former WA police minister Gordon Hill for $A0.50 per share. The Kays borrowed $A50,000 to invest and had spent almost $A230,000 on Firepower shares by 2007. Alana Kay said Hill's involvement provided the investment opportunity with legitimacy. Perth litigation funder Hugh McLernon has said he will consider a class action for investors wanting to take legal action against advisers and other involved in the sale of Firepower shares
Distributed by News Bites. © Lexis-Nexis
- Forums
- ASX - By Stock
- GDR
- board needs a clean out
GDR
goldstar resources nl
board needs a clean out, page-2
Featured News
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
Currently unlisted public company.
The Watchlist
VMM
VIRIDIS MINING AND MINERALS LIMITED
Rafael Moreno, CEO
Rafael Moreno
CEO
SPONSORED BY The Market Online