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+--- Thread: General Discussions (/thread-4803.html)
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Re: General Discussions - Baggers - 04-03-2023
(04-03-2023, 04:44 AM)LP link Wrote:I get the anger and distrust about the Porter Davis and Lloyd's collapses, but I fail to see how anybody benefits from breaking and entering to trash the reception desk.
If you are angry, go to the gym and punch the crap out of the sparring bag!
Good advice.
Re: General Discussions - madbluboy - 04-03-2023
(04-03-2023, 04:44 AM)LP link Wrote:I get the anger and distrust about the Porter Davis and Lloyd's collapses, but I fail to see how anybody benefits from breaking and entering to trash the reception desk.
If you are angry, go to the gym and punch the crap out of the sparring bag!
Dan's union goons.
Re: General Discussions - ElwoodBlues1 - 04-03-2023
(04-03-2023, 04:44 AM)LP link Wrote:I get the anger and distrust about the Porter Davis and Lloyd's collapses, but I fail to see how anybody benefits from breaking and entering to trash the reception desk.The sparring bag hasnt taken your money, failed to complete construction of your house and continued trading when they knew they couldnt fulfill any new orders.
If you are angry, go to the gym and punch the crap out of the sparring bag!
Re: General Discussions - Thryleon - 04-03-2023
(04-03-2023, 06:34 AM)ElwoodBlues1 link Wrote:The sparring bag hasnt taken your money, failed to complete construction of your house and continued trading when they knew they couldnt fulfill any new orders.
Or left you in financial ruin, with no hope of breaking the rent cycle, setting you back 20 years on that journey.
Re: General Discussions - dodge - 04-03-2023
Or left you in the lurch because you're a subbie and haven't been paid.
Re: General Discussions - Gointocarlton - 04-03-2023
A friend of mine lost her job, that pales into insignificance compared to the heartache for those who have one of the 1000 unfinished homes or haven't been paid for significant amounts of work. Just a horrible situation. I saw a bloke on the news who had just handed over a $200,000 payment and all he has is a slab. He is a small business owner, paying a mortgage for the property and will now probably end up bankrupt.
Re: General Discussions - LP - 04-03-2023
I get all that.
But how does smashing stuff up, probably stuff that is leased, and perhaps ultimately owned by mum and dad investors, a super fund or such, how does that help?
They are just kicking people who are already down, perhaps some of you on this forum will get less growth, lower returns, or pay higher premiums this financial year because of that action!
It's doesn't hurt Lloyd's or Porter Davis at all!
Re: General Discussions - Thryleon - 04-03-2023
(04-03-2023, 06:44 AM)LP link Wrote:I get all that.
But how does smashing stuff up, probably stuff that is leased, and perhaps ultimately owned by mum and dad investors, a super fund or such, how does that help?
They are just kicking people who are already down, perhaps some of you on this forum will get less growth, lower returns, or pay higher premiums this financial year because of that action!
It's doesn't hurt Lloyd's or Porter Davis at all!
Mum and Dad investors and superfunds will see the last of the money.
Anything of worth will go to the creditors and the people left at the end of it will likely get nothing including the screwed over employees.
This is where investing in stocks is problematic.
Re: General Discussions - Gointocarlton - 04-03-2023
(04-03-2023, 06:44 AM)LP link Wrote:I get all that.Yeah I agree, its never right to loot or cause damage as revenge. I was just saying what a horrible situation it must be for all concerned. If this was 2 years earlier, my daughter would be one of the ones suffering right now.
But how does smashing stuff up, probably stuff that is leased, and perhaps ultimately owned by mum and dad investors, a super fund or such, how does that help?
They are just kicking people who are already down, perhaps some of you on this forum will get less growth, lower returns, or pay higher premiums this financial year because of that action!
It's doesn't hurt Lloyd's or Porter Davis at all!
Re: General Discussions - dodge - 04-03-2023
Correct, LP, it doesn't. But in all likelihood the subbies, employees and customers have been told porkies for some time about when they will get paid, or when the build will get going/completed. That in it's own right causes a lot of stress. It stinks massively when it is such a big financial committment. Some people will react that way, whether it is helpful or not.
Porter Davis wouldn't have woken up on Friday morning, seen their bank account and thought we can't do this anymore - it would have been some time coming. Their management of it would have been calm on the top of the water and panic underneath for a while as they sought to continue.