Huge Stock Market Losses

Can we learn from others mistakes?

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Bulletin Board Market chatter;

http://www.advfn.com/
http://www.lse.co.uk/

Tuesday 20 March 2012

WorldSpreads *Bust*

Steveglobal4 - 18 Mar'12 - 20:37 - 240 of 379

yes, and i lost 40k alone friday pm on one stock because of all this


Steveglobal4 -
18 Mar'12 - 21:03 - 246 of 379

wife has said she is going to leave me if i dont get out of spread beting



Steveglobal4- 19 Mar'12 - 20:50 - 357 of 379

i got through earlier to adminstrators, well they have made me feel alot worse tonite,

I asked if our money in the segregated account was going to be used for the adminstration costs, she reply no, then i relised it was mixed with worldspread money anyways so who knows,

I then said would there be any funds left once adminstration costs were taken out, she didnt think so,

I asked if i should report the crime with my local police she said no,

she then said further info would be on the site within 2 days, how to apply for lost funds

then she said further news should be released friday, ie figures,

After the long converstation, im am a lot less hopeful of recieving the 55 percent plus 50k some have mentioned, i was made to think we will be lucky if we get the fsa 50k, but when first on the phone she said you should get all of it, i kept asking do you mean all of the 50k fsa or all of my complete cash balance again, she would then not answer the question, there is something they are not telling us, which i find not good.

I then asked has the crime been reported to the police, she paused for a long time, and i think she said no, i asked her to repeat and she wouldnt, i pushed on this and she said investigations are taking place.

I mentioned the action group on here, i said should i join, she said it wasnt a good idea. im trying to work out what this means, does it mean all the money will be returned,

to be honest, i wish i would not of phoned, as i was beginning to except what has happened, now i cannot not again as im worried what percentage we will get.

Can anyone else post there conversations uo here so we can try and piece things together.

cheers

I then questions the 50k and said isnt it supposed to be 85k as the money was a cash balance as the bets were closed and i have a screen shot of the cash balance in a segregated account, she then was unsure of the answer.


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