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Ormond resurfaces to take last dig at banking 'sharks'

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Australian Broker | 22 Nov 2012, 06:30 AM Agree 0
Thought you'd seen the last of Wayne Ormond? Well, not so fast. He's giving advice in the latest BRW Magazine on how to deal with the banks...
  • Positive Broker | 22 Nov 2012, 10:50 AM Agree 0
    The problem is Wayne, that your model was cannabalising the industry so you would eventually have had trouble finding a Commercial Broker.
  • Stop it | 22 Nov 2012, 10:52 AM Agree 0
    Still believeing his own press...
  • Bris Broker | 22 Nov 2012, 11:31 AM Agree 0
    Oh so still blaming the banks Wayne. I am sure your 'Restrictive banking facility' had nothing to do with an unprofitable business model, business practices and the fact that the bank did not want to lose money when Refund went down!
  • Broke broker | 22 Nov 2012, 12:15 PM Agree 0
    The utter gall to be calling the Banks policies into question. Ormond if only you had looked after the business that was bringing in the money instead of dreaming of being bigger than Aussie John you might still be in business, the model and the hook were good, you were the problem.
  • tall_poppy | 22 Nov 2012, 07:30 PM Agree 0
    Way to kick a guy when he is down. Mr John Symond from Aussie carries on with the same guff when it comes to banks, but you aren't having a go old Aussie go at him are you? I'm sure you have all had clients who have dealt with a similar situation. I'm also sure you have all made an error or two when it comes to your business, so I would suggest you all be a little nicer when it comes it throwing stones, I'm sure part of your house is made of glass.
  • Former Broker | 22 Nov 2012, 10:06 PM Agree 0
    Wayne, crawl back under your rock and stop reminding everyone about the dismal failure that was Refund. Former franchisees don't need you to keep popping up and reminding us of the mistake we made when buying into your ego-driven system. Move on, and let us do the same - you've done enough damage already.
  • Todd | 23 Nov 2012, 12:49 PM Agree 0
    Oh Wayne... maybe if you had put more effort into your own business and stopped worrying about the baks and just got on with the job, your company would have not gone under ... a loan book of $1.9b is pretty ordinary given the time you were in the industry. The big players are almost doing this a month...
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