Sep 23 2008
Online Petition for Minibond and Others
Mr Tan Kian Lian has started an online petition for investors of credit linked notes (such as Minibond, High Notes or Pinnacle Notes) who felt they have been mislead into buying the product.
It will serve as a means for the group to contact each other and discuss the possibility of taking collective action. He will also try to arrange for a meeting for the group to meet up for a discussion.
If you wish to sign the petition, you can do it at this website:
Added:
Petition to Government (please sign this)
[...] Den of The Lion Investor亦係好值得參考，我希望新、港兩地苦主可以團結到。 [...]
Objectively, these petitions will only serve as a amplifier for the already inflicted trauma. Half a year ago (or 2 weeks even) it was all blue skies and green grass, nobody in their right mind would think ANY company could collapse overnight, much less Lehman Brothers.
Now that you have lost your fortune, you come out and say ‘Hey he misled me, its not my fault.’ And soon everyone who lost $50 will come crying to sign the petition.
It’s easy for me to say, that I empathise with the old folks who lost their retirement funds. But nobody put a gun to your head when you signed the papers. This is already a disaster, don’t fan it.
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KP Reply:
September 26th, 2008 at 10:12 am
Dear Feetsteps
I agree it is already a disaster but if the affected just sit and sleep on it, the banks will think it is fine to continue doing business the way they do. It is time to stand for what you believe and make yourself heard. It is similar to if you are being molested and someone come along and say you ask for it!
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Phil Reply:
October 26th, 2008 at 4:42 pm
It is not the same as if you are being molested and someone come along and say you ask for it. You have assumed that the act of selling was a crime like molestation; it is not. Buyers beware, always.
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Saw on CNA that the HK investors of mini bond series are planning to sue Lehman sellers…..
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some news from HK about minibond’s investor actions
http://www.youtube.com/watch?v=x0kI8xKDC0Q
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Hi all,
please refer and sign up to latest version of Tan Kin Lian October online Petition Letter. Hope thing can be sort out soon……
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lioninvestor Reply:
September 27th, 2008 at 1:25 pm
Thanks Jason. I have added the link to the main post.
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