Perth Bullion Liquidation

Discussion in 'General Precious Metals Discussion' started by nighttrader, Jul 9, 2019.

  1. fishduck

    fishduck Active Member

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    An excerpt from the rsm announcement a few days ago and I was wondering if anyone went through this:

    The process to be followed for the collection of goods, in an orderly manner, and in accordance with the Orders, is outlined below. Action is required by you to collect your goods.

    To facilitate the collection of third-party goods as soon as practicably possible, an online booking system has been established where you will be able to book an appointment for a half an hour appointment (as designated by the Orders), to arrange collection of your goods from the Company’s premises at 180 Wright Street, Cloverdale.
    Before booking, you will need to have provided certain documentation in accordance with the Orders.

    Upon providing the necessary documentation and confirmations, and making a booking, my staff will review the information provided and will come back to you at least 24 hours prior to your booking to confirm the booking, or alternatively require you to provide any missing information by a specified time to retain the booking.
     
  2. Sham Bolic

    Sham Bolic Member

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    Well its the first business day after the release of the Deed of Release - they are probably flooded with calls
     
  3. dollars

    dollars Member Silver Stacker

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    Has anyone asked the liquidator if they agree that this is part of the winding up of the business and that the cost come out of the business?

    The really sad part is that this outcome was easy to avoid given that the court order was almost 6 month earlier and not a word of advice was given from the business owners or those in the know.
     
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  4. Number 47

    Number 47 Well-Known Member

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    I've been reading through this thread.

    My condolences to all those caught up in this stressful mess.

    The $350 they are asking for people to access their safety deposit boxes is simply extortion.

    I was only just thinking about safety deposit boxes the other day and concluded that I didn't like the idea due to not having 24/7 access, the ongoing fees and the possibility of this exact situation where the buisnes that holds the boxes goes bust, ... this has certainly confirmed my fears.

    My only suggestion moving forward is to buy a decent size safe that can't be easily moved and keep your precious at home.
    There's some very sturdy safes available at reasonable prices now days, might as well get something big and keep other previous stuff in it like passports, certificates and other important paperwork.
    If your extra worried about security, back it up with an audible alarm and cctv, its all very affordable now.
    images (4).jpeg
     
  5. innerpath

    innerpath Member Silver Stacker

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    Exactly, this my fear too.

    For people with orders less than $350 or those that are on BackOrder or incomplete orders, is it possible to use Clause 5 in the Deed of Release for Sales Orders and just fill out the General Form as a Creditor and avoid the $350 Collection Fee? So forego the option to collect physical completely and just ask to be listed as a cash creditor.

    I’m thinking this might be my best option because my goods are possibly non-existing because they were a BackOrder.
     
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  6. Sham Bolic

    Sham Bolic Member

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    Someone today recieved an email from RSM that they couldnt find his Safety Deposit Box. WTFnF?!!!! he is lawyering up tomorrow!
     
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  7. ScroogeMcDuck

    ScroogeMcDuck New Member

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    Got aceess to my sdb all ok today
    All good with contents
    Relieved
     
  8. 66rounds

    66rounds Well-Known Member Silver Stacker

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    How was it dealing with the liquidators? Painful? Straight forward? Were they helpful?
     
  9. ScroogeMcDuck

    ScroogeMcDuck New Member

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    All ok once they had all the req doco before confirming appt
    Just had to show id and sign deed of release on site then got my sdb
    Verified contents, then left
    Just relieved
    I hope all others have same outcome
     
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  10. Sham Bolic

    Sham Bolic Member

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    Thanks for leting us know scrooge.
    may i ask if you brought your own key or did they provide it? And did you have the first item they mentioned in the deed - the 'application form"? many of us dont have the application form or keys. Would be helpful to know if this is gonna be a hiccup. Some have suggested it should not be really.
     
  11. Bullion Baron

    Bullion Baron Well-Known Member Silver Stacker

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    Curious if you had to pay any fee (i.e. the $350 everyone is worried about)?
     
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  12. ScroogeMcDuck

    ScroogeMcDuck New Member

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    I didnt have the original application
    I just had invoices for previous years fees
    They held the keys as i used to work out of town and they regularly added to my sdb on my behalf, which i had audited every year
    Never had any dramas
     
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  13. ScroogeMcDuck

    ScroogeMcDuck New Member

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    Yes i paid $350
    Had to prior confirmation of getting an appointment
     
  14. alor

    alor Well-Known Member Silver Stacker

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    can pledge silver to get a loan and collect it after full payment :)
     
  15. Sham Bolic

    Sham Bolic Member

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    What? You could sign Deed of Release AT THE SITE? before or after viewing the box contents?
     
  16. ScroogeMcDuck

    ScroogeMcDuck New Member

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    You actually dont sign the deed of release until you get to site and rsm witness it
    Then you get access to your sdb
     
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  17. Sham Bolic

    Sham Bolic Member

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    Ok thanks Scrooge
     
  18. Sham Bolic

    Sham Bolic Member

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    Ben is there any class action group being formed for this situation?
     
  19. Gigrantor

    Gigrantor Member

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    It's gone quite here.

    I'm hoping to share some good news regarding my sales order soon.

    Anyone here received purchases that were paid for before liquidation?
     
  20. sammysilver

    sammysilver Well-Known Member Silver Stacker

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    Yes, quite quiet.
     
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