Comments on: Minibond Payout Values

By: sureesh

sureesh — Fri, 12 Mar 2010 05:03:42 +0000

Perhaps KM lawyers should say just how much of a support do they need to initiate a class action suite.

By: lioninvestor

lioninvestor — Thu, 11 Mar 2010 15:37:41 +0000

Hi Chong,

You are welcome. Glad to be of some help.

By: Kenneth

Kenneth — Thu, 11 Mar 2010 13:34:18 +0000

Yes, the MB saga is over except for the KM lawyers from America wishing to hold a seminar on 14 April 10 at Fullerton Hotel. The purpose is to have a class suit against LB. The fee proposal is such that they will only charge if they win the case e.g. 15% to 20% of the winning.

I plan to hear them out as long as there is minimum cost to me.

For the above to work, KM lawyers must have enough support and claims else it is a waste of time. I also think they have to tell us whether going after a dead company like LB is feasible compared to Morgan Stanley [Pinnacle]

Good if we can continue to use this platform to discuss after the seminor or ask lioninvestor for his opinion.

The MB saga is a lesson learnt but there are going to have more innovative bombs coming. Don’t trust the authority to screen for you. They will not and MB proved it.

By: chong

chong — Thu, 11 Mar 2010 11:38:50 +0000

Yes, I have received my money.
Thanks very much everyone.
Really appreciate your comments and replies.

All I can say after this minibonds saga is that I paid very high tuition fees to learn and become a wiser investor.
Yes, I did get back some money for which I am grateful but all of us still lost a lot of money.
The best thing that has happened is my discovery of this website. It gave me info and comfort when very little or none was available from FI, authorities etc.

I would like to say a big Thank You to LIONINVESTOR and everyone else.

By: chong

chong — Sun, 07 Mar 2010 21:58:10 +0000

Gee thanks everyone. Will call maybank to find out.