;
  • Report:  #87355

Complaint Review: Soft Holdings - Hong Kong Other

Reported By:
- Adelaide, Australia,
Submitted:
Updated:

Soft Holdings
35th Floor, Central Plaza, 18 Harbour Rd Hong Kong, Other, Hong Kong
Phone:
1800 003 657
Web:
N/A
Categories:
Tell us has your experience with this business or person been good? What's this?
I was first approached by phone call and then sent a computer program. The computer program is for betting on horse races. The idea is that it follows last minute betting by people who are in the know. I was told you can make $100 per day for half an hours effort. The first thing to think naturally is that this is too good to be true. So I did a test with a consultant from Soft Holdings and it seemed to work.

The next step was to look into whether they were a ligitimate co. and whether there were any complaints with any consumer affairs associations in Australia. There was not. All looked OK. So my wife and I went to Queensland to check them out in person. All still seemed OK.

We were shown the program again by Scott Emmerton and told that $1000.00 was what you needed to run it, in a TAB betting account. We were again told that you could win $100 with just half an hours effort per day. We bought the program for $8,400 AUD. We were told there was a money back guarantee and the co. would not offer this if the program did not work. It seems they offer a money back guarantee because they don't honer it anyway.

Back at home I did three weeks training and put in a lot of effort every day for many hours to make sure I got it right and make some money. At no stage did the person training me tell me what amount I should put in my TAB account to bet with, so I naturally assumed what I had already been told by Scott Emmerton in Queensland that $1000 was what was needed to run the program, was correct.

So I started using real money and I lost about $700 which meant that I did not have enough money to make the next bet. When I complained to Soft Holdings I was told that $1000 to $1500 was the minimum one should have in their account and it should be more like $2000. So not wanting to lose all my money I put a further $2000 into the account.

I then lost about $1300 and again did not have enough money for the next bet. At this amount the next bet would have to have been close to $5000 and I was told that the system was not really meant for bets this size.

So I then changed trainers and this new guy told me he could help me build my bank back up even though I only had about $1000 dollars left in the account. I did some more training and started betting again. It went alright for about a week then I had another big loss and lost all the money I had left. After complaining we were now told we should have had more like $3000 in our betting account. It seems Soft Holdings like to change the rules to suit them and then deny everything. Also one person says one thing then another says something alse.

Also I was spending up to three hours per day to try and make money which was much more than the half hour I was first told.

I now had no more money to top up the account again and that was the end of that. So we tried to get our money back. The written guarantee we had stated that if you do your training, maintain your betting account at the level they say and don't make your money back within six months they would refund our money. We met all criteria.

Now they started trying to tell us you must actively trade for six months to qualify for a refund. The guarantee says nothing about trading for six months just that if you haven't made your money back in six months they will reimburse the difference.

I could not trade anymore as I had no money left to put in the account. I had maintained my betting account at the level they said and I had lost not once, not twice, but three times. Even if I had $3000 in my account I could not have covered the next bet as it was almost $5000.

The day in question at the races had a lot of losses and it really wouldn't have mattered where I had placed my bets.

The bottom line is that sometimes you can lose because after all you're betting on live animals and not all can be predicted.

Maybe the program works for some people but unless Soft Holdings are willing to honer their money back guarantee I would strongly recommend that no one risks their hard earned money on a company that will not honor their promises and will not respond to e-mails.

Drew

Adelaide
Australia


81 Updates & Rebuttals

Sp

Parramatta,
Australia,
Australia
Soft-holdings as Nu-tech pty ltd??? My story with Nu-tech

#2Consumer Suggestion

Fri, February 29, 2008

These are my posts on another thread of Nu-tech on this website but I found this thread about softholdings being its previous name only now....So for other people I am pasting my posts from the other thread here below: ------------------ I just wished I would have read this before I got scammed by the same company you are mentioning. The sales consultant of their company told me that it is a 'sure thing' and there are 'guaranteed profits' to this. He also told me that if I am not happy then I can always ask for a refund during the training sessions. Thats it! he kept quiet with the refund policy at this point. Then I got interested because I thought they are genuine to give such a offer of refund as well. I got interested because he showed me the so called 'profits' that he had made only during today's race After purchasing the software I realised that even when I click a button on past won races and not the lost ones, then the software paper trades and shows up those profits which were not 'real' time profits but just fake manipulated by the software to help them sell it. THEY NEVER GOT ME TO SIGN ANY DOCUMENTS ABOUT THEIR REFUND POLICY...LIKE CAN YOU BELIEVE THISSSS??? NO SIGNATURESSSSSSSS, NO FORMAL DISCLOSURE OF THEIR REFUND POLICY WHEN THEY PORTRAY AS IF THEY ARE ALL PROFESSIONALS....WOULD A PROFESSIONAL COMPANY DO SOMETHING LIKE THIS????? I asked them for a refund and they showed me their 'CLAWS', their true colour... Now all of them say that their refund policy was such their I can ask for a refund on during the first three training sessions....CRAPPP...NO one ever told this to me... I lodged my case with the COnsumer Trader and Tenancy Tribunal. The sales rep who now tells the judge that he explained everything clearly to me, even the three training session refund policy and also that it entailed 'RISK' and that it was 'NOT a sure thing'... Because I didn't have any papers to prove my point, the judge settled the case by saying that they are not to give me a refund on the basis of everything being vague on both sides and he said that I must try and resell my software to some other person for which Nu-tech advantage will help me....GOODNESS! I cried a lot even in the hearing room and after coming out of it... I could see the wicked smile on Nu-tech people's face. JUSTICE, I didn't get... BUT AFTER READING YOUR ARTICLE, I GOT HOPE...I WILL NOT LET THIS TO HAPPEN TO OTHERS NOW... I HAVE JUST CHECKED WITH CTTT THAT I CAN APPEAL THE JUDGEMENT AND TAKE IT UP...I WILL ALSO GO TO THE SUPREME COURT UNTILL I GET JUSTICE... I WANT MY FULL REFUND AS THE SALES REP HAD TOLD ME... PLS REPLY BACK WITH SOME ADVICE AS I HAVE SOME MORE TIME TO APPEAL FOR IT. URGENT: Hi Bretton, Could you please provide me with you private email address or phone number as I would really need to discuss something with you. I really need your help. My hard earned money is at stake here. Thank you... ---------------------------------------------------------------- I lost the CTTT case. Dear Brenton, I was so confident that I would win the case when I appealed for it, but unfortunately they rejected my appeal request. The judge during the first hearing of the case didn't see anything my side for some reason. I felt I didn't get justice and the other party's word was taken over my word due to total lack of written evidence of the refund policy that they had explained to me verbally. The judge has asked me to resell the software and the Nu-Tech people have been asked to help train the person I sell the software to. I was given only two option by the judge, to either try and resell the software or just use it myself and be happy with it. No other options...At the end of the day I said I actually have no other option but to choose to resell the software. The judge then wrote something, the other party left laughing and I was left crying. I am so so disappointed that the judge took their word over my word. When I applied for an appeal I got reply for them that I cannot appeal because the judgement in the previous hearing was taken with my consent (I was shocked, as one can imagine). It seems that because I was helpless to choose one of the options out of the two options that the judge had given me, I had consented to a judgement and thus I cannot appeal no matter how much more evidence I have accumulated. My $17,000 went down the drain...Goodness, why didn't I read this article of yours before I purchased it? All my curses to those people who run this business of ripping others off their hard earned money. I don't even want to resell it to any other person and accumulate the bad karma...what can I say now. A lesson learnt a hard way; a $17,000 lesson that will haunt me all my life.


Sp

Parramatta,
Australia,
Australia
IT SEEMS THAT SOFTHOLDINGS IS NOW NU-TECH ADVANTAGE PTY LTD

#3Consumer Suggestion

Wed, December 26, 2007

I found through a report on this website on a different thread that Softholdings is now operating as Nu-tech Advantage Pty Ltd (www.nu-techadvantage.com) I am ashamed to say that I was a victim of this company and purchased their software. I feel like such a big idiot to get into this and to believe in them. I want to know if any of you are ready to join me with bringing this company down with a legal battle. Unity is strength. They should not be allowed to do this to other innocent people. Think about those who take a loan to buy this silly stuff that doesn't even work and they are down with a more than 2 yr loan...It is terrible. Even more terrible coz I am one of them. If any one would like to collaborate with me to seek justice then please contact me here asap or through this blogspot http://brettonvenrock.blogspot.com/2007/09/anatomy-of-computer-betting-software.html


Graham

Kenilworth,
Australia,
Australia
Company No Longer responding - out of business it seems.

#4Consumer Comment

Mon, December 18, 2006

The comments here have been quite interesting, to say the least. I am an owner of the VX software and have been making a very modest income from it. I am very cautious and therefore have not had the losses that others have had. Recently my computer failed and when I rang to try to get the software installed and operating on the new computer, have not had any luck getting in touch with them. So now I can no longer use the software it seems. I noticed that James from Burleigh was going to post the software with some changes to the access codes. Does anyone know if that has happened or if the access codes changes are available anywhere. So it seems that the scammers have been put out of action, and now my investment in the software is useless too. Shame about that. I have not recovered the entire cost yet.


Peter

Sunderland,
Other,
United Kingdom
Another Ex-Employee Responds

#5UPDATE EX-employee responds

Sat, August 26, 2006

h*o h*o h*o - Am i going to have fun here! I worked for this company for about 3 weeks in 2004 (around feb) and they were/maybe are if they're still going, absoultely shoddy, deceitful and disgusting. Before i forget - the manager Sean Emmerton or however you spell it, i found out a few months later that it isn't his real name at all. I bumped into him when he was working for another company ripping people off and he was calling himself Sean 'Brown' or something. What a morally filthy man. I couldn't stand seeing his miserable, repugnant face every day. I mean, he lied to me and everyone who worked there from the first minute we met him, so what does that say about the company. I worked in the Marine Parade office in Southport and it was only a tiny pokey little office with about 4 people in it. The 'Technical Support' office (woo - sounds impressive) was hidden behind a door. It was basically two fat guys sitting in front of a computer eating chips. But we, the sales staff, were never allowed to speak to them because they would tell us the truth about all the unhappy customers who'd been ripped off and that would demotivate us and stop sales. The place was awful. Sean eventually left because his manager ripped him off for a few grand in sales (ahh - the irony of it - i laugh even now) and that was the end of that. Keith that worked there was a really nice guy, if not a bit tacky and sleazy, and he used to sit on a inflatable ball all day because of his doctor's advice. When i was there the sales staff (long time employees not the new people) would hound, harass and bombard people constantly day and night with phone calls, emails and abuse. And for anyone who's ever been phoned by this company, they may speak nicely to you on the phone but the second you hang up you are being laughed at! They really do laugh at anyone foolish enough to buy this heap of crap. Anyone who buys is ridiculed and anyone who doesn't buy is repeatedly hounded for months and months and months. If you say no they put your name to the back of the list - a month later we call you again. When you say no, it's back of the list for another month. Then they pass your number to a new person in the office and he calls you for a month, then it keeps going until YOU CHANGE YOUR NUMBER. That is the only way they will stop calling you. The boss lied there, his boss lied, the staff lied, the guarantee is a lie, the address is a lie, the whole thing is a rip off. DO NOT TOUCH THIS COMPANY WITH A BARGE POLE. YOU WILL NEVER WIN USING IT. And Balwyn Ivorsen - is another rip off company. I worked with a guy there who was an ex-lawyer who'd been struck off. A very clever man but no morals. He'd been struck off being a lawyer because he was making up deeds for land that he didn't own. He was selling land in Queensland to a group of business men, then handing over the deeds and sending them home. Then he would get another group of businessmen up, sell the same piece of land to them again, new deeds and send them home. Eventually he got caught and then he began working for Balwyn in Southport again. Last time i saw him he was selling 3 a day! And this system DOES NOT WORK. I know - i saw it fail every time, every weekend, every test. Thank God i found this link to post this pent up karma. DO NOT BUY A RACING PROGRAM - THERE IS NO MONEY IN IT - ONLY LOSERS!! Pete


Donna

Forest Lake,
Australia,
Australia
dishonest

#6Consumer Suggestion

Wed, July 12, 2006

as victims in this big ripoff company we also bought this program from the famous scott emerton. we also invested $30 000 and lost it in this program. the famous scott emerton also lost $800 in one race at our own place yes you see he is one big con artist i know because he is related through marraige it is true what they you can choose your friends and not your family, i want to see justice done to this evil person.


Robert

Dunedin,
Other,
New Zealand
enogh talking

#7UPDATE EX-employee responds

Tue, April 18, 2006

i have read all the comments made by those for and against softholdings, and all i can say is enough talking. i think it is clear that softholdings is company founded on dishonesty, and thats that. having worked for them briefly last year for 1 week, it became obvious that these people, especially those higher up, were devious, cold people. after reading all the comments i think its time to take action against this greedy company because words can only get us so far. enough people have been misled and ripped off. my father (who is a well known lawyer in NZ) has looked over everything and believes that with enough support there is without doubt grounds for a law suit. (and i would really appreciate one of the smug members of softholdings to email me, i dont mind at all if it is it threatening and abusive, but please dont write me anymore bull@#*t proclaiming innocence, maybe even the one they pathetically call cheif could write me and tell me how the helicopter is threating him).


Jamie

Sydney,
Australia,
Australia
New software

#8Consumer Comment

Sat, December 31, 2005

I too am in the same position as Anne, from Sydney. I have recently purchased the software as I am a gambler at heart (in everything I do). I also had dealings with Barbara before she left and have confidence in her and what she says. I also would like to get in contact with her if possible (Barbara if you read this) as I feel she deals with the product in the most conservative way.


Anne

City,
Australia,
Australia
Anne - Brisbane

#9Consumer Comment

Wed, October 19, 2005

Hi all, I have recently purchased the SDA and am looking for more information regarding useing the program. I am not interested in entering the debate regarding the company or whether the program works. Simply put, I have bought it and want to be someone it works for. I am interested in hearing from and colaborating with those that the program is working for. Do you have any updates (Luke, Billy(Still willing to meet people and help them?)), new strategies or rules, and is it still working for you over the long term. Any feedback at this stage would be welcome. Barbara: If you get to read this you may remember me. I spoke with you on many occasions, and eventually deceided to purchace after you left. Would you be willing to contact me, or perhaps just post more information on this site regarding getting the most from the program. Do you aggree with the stratagies posted by others on this page?


Barbara

Gold Coast,
Australia,
Australia
ONE LAST TIP

#10Consumer Suggestion

Sat, September 17, 2005

I HAVE ONE LAST POSTING AND IT IS MY TIP TO THOSE WHO OWN THE VX & SDA AND HAVE WIPED OUT THEIR WORKING CAPITAL. YOU ARE FOCUSED ON THIS BEING A SCAM AND I UNDERSTAND THAT IS FROM YOUR PROGRAM EXPERIENCE - BUT THE REAL TRUTH IS THAT, THOUGH THEY MAY HIDE BEHIND HONG KONG LAWS TO PROTECT THEMSELVES, THEY ARE NOT A SCAM AND WILL BE ABLE TO PROVE TO ANY AUTHORITIES THAT THESE PROGRAMS WORK IN LIVE TIME- SO THAT DOES NOT HELP YOU GUYS I KNOW, SO HERE IS MY ADVISE FROM SOMEONE WHO HAS OWNED AND RUN THEM FOR YEARS. THE BIGGEST PROBLEM HERE SEEMS TO BE WIPING OUT YOUR CAPITAL AND LACK OF TRAINING. I WANT YOU GUYS TO AT LEAST TRY THESE STEPS AS THEY MAY WELL SALVAGE A LARGE INVESTMENT THAT YOU HAVE MADE. FIRSTLY FOR THOSE WITH THE VX DO NOT BEGIN LIVE TRADING WITH SCANNER TWO,START WITH SCANNER ONE AS THIS THE SAME THING BUT DOES NOT HAVE A RECOUP FEATURE AND YOU CAN CONTROL HOW MUCH YOU INVEST (EG $10,$20 ETC) AND THAT IS YOUR OUTLAY PER EVENT (IT CANNOT BE MORE THAN YOU TELL IT)- THESE WILL STOP WIPING OUT YOUR CAPITAL BECAUSE IF YOU HAD 10 LOSSES AT $10 (AND HUMPHREY BEAR COULD TRADE BETTER THAN THAT) YOU WILL BE $100 DOWN BUT YOUR ORIGINAL CAPITAL WILL STILL BE QUITE HEALTHY - GO BACK AND LEARN SOME MORE (PAPER TRADE). SECONDLY PLEASE INVEST IN PAY TV AND THE BEST INTERNET SPEED AVAILABLE TO YOU - IF YOU DO NOT GIVE YOURSELF THE CORRECT TOOLS HOW CAN YOU EXPECT TO GET THE BEST RESULTS? TIMING IS CRUCIAL (TOO EARLY OR TOO LATE CAN MEAN THE DIFFERENCE BETWEEN REWARD OR LOSS). ALSO WITH SCANNER TWO I HAVE TWO RULES WHICH ARE NOT NEGOTIABLE : IF THE PRGORAM SELECTS MORE THAN 3 OR 4 COMPETITORS DO NOT INVEST: IF THE INVESTMENT/OUTLAY IS TOO LARGE (IT IS RISKING TOO MUCH OF YOUR CAPITAL-ESPECIALLY IN A RECOUP) DO NOT INVEST - SIMPLY CLICK RESTART INVESTMENT (NOT START NEW) AND YOU WILL STIL BE ABLE TO STAY IN THAT RECOUP FEATURE BUT BE IN CONTROL. TAKE CONTROL AND DO NOT TAKE EVERYTHING FOR THE SAKE OF IT - IF IT RISKS TOO MUCH OF YOUR CAPITAL DO NOT CLICK THE INVEST BUTTON. FOR SDA USERS ENSURE THAT YOUR SINGLE TARGET AND OVERALL TRAGET ARE A TIGHT RATIO (EG 50:50 NEVER 10:100) THIS WILL ENABLE IT TO BE IN AND OUT QUICKLY. I HOPE THAT YOU GUYS AT LEAST TRY THESE AND WITH PRACTICE IT WILL WORK FOR YOU BECAUSE DESPITE THE BAD EXPERIENCES THAT YOU SEEM TO HAVE HAD ( AND I AM SORRY FOR THAT)THE PROGRAM ITSELF IS DEFINITELY NOT A SCAM AND DOES WORK. ALL THE BEST TO YOU ALL.


Barbara

Gold Coast,
Australia,
Australia
ONE LAST TIP

#11Consumer Suggestion

Sat, September 17, 2005

I HAVE ONE LAST POSTING AND IT IS MY TIP TO THOSE WHO OWN THE VX & SDA AND HAVE WIPED OUT THEIR WORKING CAPITAL. YOU ARE FOCUSED ON THIS BEING A SCAM AND I UNDERSTAND THAT IS FROM YOUR PROGRAM EXPERIENCE - BUT THE REAL TRUTH IS THAT, THOUGH THEY MAY HIDE BEHIND HONG KONG LAWS TO PROTECT THEMSELVES, THEY ARE NOT A SCAM AND WILL BE ABLE TO PROVE TO ANY AUTHORITIES THAT THESE PROGRAMS WORK IN LIVE TIME- SO THAT DOES NOT HELP YOU GUYS I KNOW, SO HERE IS MY ADVISE FROM SOMEONE WHO HAS OWNED AND RUN THEM FOR YEARS. THE BIGGEST PROBLEM HERE SEEMS TO BE WIPING OUT YOUR CAPITAL AND LACK OF TRAINING. I WANT YOU GUYS TO AT LEAST TRY THESE STEPS AS THEY MAY WELL SALVAGE A LARGE INVESTMENT THAT YOU HAVE MADE. FIRSTLY FOR THOSE WITH THE VX DO NOT BEGIN LIVE TRADING WITH SCANNER TWO,START WITH SCANNER ONE AS THIS THE SAME THING BUT DOES NOT HAVE A RECOUP FEATURE AND YOU CAN CONTROL HOW MUCH YOU INVEST (EG $10,$20 ETC) AND THAT IS YOUR OUTLAY PER EVENT (IT CANNOT BE MORE THAN YOU TELL IT)- THESE WILL STOP WIPING OUT YOUR CAPITAL BECAUSE IF YOU HAD 10 LOSSES AT $10 (AND HUMPHREY BEAR COULD TRADE BETTER THAN THAT) YOU WILL BE $100 DOWN BUT YOUR ORIGINAL CAPITAL WILL STILL BE QUITE HEALTHY - GO BACK AND LEARN SOME MORE (PAPER TRADE). SECONDLY PLEASE INVEST IN PAY TV AND THE BEST INTERNET SPEED AVAILABLE TO YOU - IF YOU DO NOT GIVE YOURSELF THE CORRECT TOOLS HOW CAN YOU EXPECT TO GET THE BEST RESULTS? TIMING IS CRUCIAL (TOO EARLY OR TOO LATE CAN MEAN THE DIFFERENCE BETWEEN REWARD OR LOSS). ALSO WITH SCANNER TWO I HAVE TWO RULES WHICH ARE NOT NEGOTIABLE : IF THE PRGORAM SELECTS MORE THAN 3 OR 4 COMPETITORS DO NOT INVEST: IF THE INVESTMENT/OUTLAY IS TOO LARGE (IT IS RISKING TOO MUCH OF YOUR CAPITAL-ESPECIALLY IN A RECOUP) DO NOT INVEST - SIMPLY CLICK RESTART INVESTMENT (NOT START NEW) AND YOU WILL STIL BE ABLE TO STAY IN THAT RECOUP FEATURE BUT BE IN CONTROL. TAKE CONTROL AND DO NOT TAKE EVERYTHING FOR THE SAKE OF IT - IF IT RISKS TOO MUCH OF YOUR CAPITAL DO NOT CLICK THE INVEST BUTTON. FOR SDA USERS ENSURE THAT YOUR SINGLE TARGET AND OVERALL TRAGET ARE A TIGHT RATIO (EG 50:50 NEVER 10:100) THIS WILL ENABLE IT TO BE IN AND OUT QUICKLY. I HOPE THAT YOU GUYS AT LEAST TRY THESE AND WITH PRACTICE IT WILL WORK FOR YOU BECAUSE DESPITE THE BAD EXPERIENCES THAT YOU SEEM TO HAVE HAD ( AND I AM SORRY FOR THAT)THE PROGRAM ITSELF IS DEFINITELY NOT A SCAM AND DOES WORK. ALL THE BEST TO YOU ALL.


Barbara

Gold Coast,
Australia,
Australia
ONE LAST TIP

#12Consumer Suggestion

Sat, September 17, 2005

I HAVE ONE LAST POSTING AND IT IS MY TIP TO THOSE WHO OWN THE VX & SDA AND HAVE WIPED OUT THEIR WORKING CAPITAL. YOU ARE FOCUSED ON THIS BEING A SCAM AND I UNDERSTAND THAT IS FROM YOUR PROGRAM EXPERIENCE - BUT THE REAL TRUTH IS THAT, THOUGH THEY MAY HIDE BEHIND HONG KONG LAWS TO PROTECT THEMSELVES, THEY ARE NOT A SCAM AND WILL BE ABLE TO PROVE TO ANY AUTHORITIES THAT THESE PROGRAMS WORK IN LIVE TIME- SO THAT DOES NOT HELP YOU GUYS I KNOW, SO HERE IS MY ADVISE FROM SOMEONE WHO HAS OWNED AND RUN THEM FOR YEARS. THE BIGGEST PROBLEM HERE SEEMS TO BE WIPING OUT YOUR CAPITAL AND LACK OF TRAINING. I WANT YOU GUYS TO AT LEAST TRY THESE STEPS AS THEY MAY WELL SALVAGE A LARGE INVESTMENT THAT YOU HAVE MADE. FIRSTLY FOR THOSE WITH THE VX DO NOT BEGIN LIVE TRADING WITH SCANNER TWO,START WITH SCANNER ONE AS THIS THE SAME THING BUT DOES NOT HAVE A RECOUP FEATURE AND YOU CAN CONTROL HOW MUCH YOU INVEST (EG $10,$20 ETC) AND THAT IS YOUR OUTLAY PER EVENT (IT CANNOT BE MORE THAN YOU TELL IT)- THESE WILL STOP WIPING OUT YOUR CAPITAL BECAUSE IF YOU HAD 10 LOSSES AT $10 (AND HUMPHREY BEAR COULD TRADE BETTER THAN THAT) YOU WILL BE $100 DOWN BUT YOUR ORIGINAL CAPITAL WILL STILL BE QUITE HEALTHY - GO BACK AND LEARN SOME MORE (PAPER TRADE). SECONDLY PLEASE INVEST IN PAY TV AND THE BEST INTERNET SPEED AVAILABLE TO YOU - IF YOU DO NOT GIVE YOURSELF THE CORRECT TOOLS HOW CAN YOU EXPECT TO GET THE BEST RESULTS? TIMING IS CRUCIAL (TOO EARLY OR TOO LATE CAN MEAN THE DIFFERENCE BETWEEN REWARD OR LOSS). ALSO WITH SCANNER TWO I HAVE TWO RULES WHICH ARE NOT NEGOTIABLE : IF THE PRGORAM SELECTS MORE THAN 3 OR 4 COMPETITORS DO NOT INVEST: IF THE INVESTMENT/OUTLAY IS TOO LARGE (IT IS RISKING TOO MUCH OF YOUR CAPITAL-ESPECIALLY IN A RECOUP) DO NOT INVEST - SIMPLY CLICK RESTART INVESTMENT (NOT START NEW) AND YOU WILL STIL BE ABLE TO STAY IN THAT RECOUP FEATURE BUT BE IN CONTROL. TAKE CONTROL AND DO NOT TAKE EVERYTHING FOR THE SAKE OF IT - IF IT RISKS TOO MUCH OF YOUR CAPITAL DO NOT CLICK THE INVEST BUTTON. FOR SDA USERS ENSURE THAT YOUR SINGLE TARGET AND OVERALL TRAGET ARE A TIGHT RATIO (EG 50:50 NEVER 10:100) THIS WILL ENABLE IT TO BE IN AND OUT QUICKLY. I HOPE THAT YOU GUYS AT LEAST TRY THESE AND WITH PRACTICE IT WILL WORK FOR YOU BECAUSE DESPITE THE BAD EXPERIENCES THAT YOU SEEM TO HAVE HAD ( AND I AM SORRY FOR THAT)THE PROGRAM ITSELF IS DEFINITELY NOT A SCAM AND DOES WORK. ALL THE BEST TO YOU ALL.


Barbara

Gold Coast,
Australia,
Australia
ONE LAST TIP

#13Consumer Suggestion

Sat, September 17, 2005

I HAVE ONE LAST POSTING AND IT IS MY TIP TO THOSE WHO OWN THE VX & SDA AND HAVE WIPED OUT THEIR WORKING CAPITAL. YOU ARE FOCUSED ON THIS BEING A SCAM AND I UNDERSTAND THAT IS FROM YOUR PROGRAM EXPERIENCE - BUT THE REAL TRUTH IS THAT, THOUGH THEY MAY HIDE BEHIND HONG KONG LAWS TO PROTECT THEMSELVES, THEY ARE NOT A SCAM AND WILL BE ABLE TO PROVE TO ANY AUTHORITIES THAT THESE PROGRAMS WORK IN LIVE TIME- SO THAT DOES NOT HELP YOU GUYS I KNOW, SO HERE IS MY ADVISE FROM SOMEONE WHO HAS OWNED AND RUN THEM FOR YEARS. THE BIGGEST PROBLEM HERE SEEMS TO BE WIPING OUT YOUR CAPITAL AND LACK OF TRAINING. I WANT YOU GUYS TO AT LEAST TRY THESE STEPS AS THEY MAY WELL SALVAGE A LARGE INVESTMENT THAT YOU HAVE MADE. FIRSTLY FOR THOSE WITH THE VX DO NOT BEGIN LIVE TRADING WITH SCANNER TWO,START WITH SCANNER ONE AS THIS THE SAME THING BUT DOES NOT HAVE A RECOUP FEATURE AND YOU CAN CONTROL HOW MUCH YOU INVEST (EG $10,$20 ETC) AND THAT IS YOUR OUTLAY PER EVENT (IT CANNOT BE MORE THAN YOU TELL IT)- THESE WILL STOP WIPING OUT YOUR CAPITAL BECAUSE IF YOU HAD 10 LOSSES AT $10 (AND HUMPHREY BEAR COULD TRADE BETTER THAN THAT) YOU WILL BE $100 DOWN BUT YOUR ORIGINAL CAPITAL WILL STILL BE QUITE HEALTHY - GO BACK AND LEARN SOME MORE (PAPER TRADE). SECONDLY PLEASE INVEST IN PAY TV AND THE BEST INTERNET SPEED AVAILABLE TO YOU - IF YOU DO NOT GIVE YOURSELF THE CORRECT TOOLS HOW CAN YOU EXPECT TO GET THE BEST RESULTS? TIMING IS CRUCIAL (TOO EARLY OR TOO LATE CAN MEAN THE DIFFERENCE BETWEEN REWARD OR LOSS). ALSO WITH SCANNER TWO I HAVE TWO RULES WHICH ARE NOT NEGOTIABLE : IF THE PRGORAM SELECTS MORE THAN 3 OR 4 COMPETITORS DO NOT INVEST: IF THE INVESTMENT/OUTLAY IS TOO LARGE (IT IS RISKING TOO MUCH OF YOUR CAPITAL-ESPECIALLY IN A RECOUP) DO NOT INVEST - SIMPLY CLICK RESTART INVESTMENT (NOT START NEW) AND YOU WILL STIL BE ABLE TO STAY IN THAT RECOUP FEATURE BUT BE IN CONTROL. TAKE CONTROL AND DO NOT TAKE EVERYTHING FOR THE SAKE OF IT - IF IT RISKS TOO MUCH OF YOUR CAPITAL DO NOT CLICK THE INVEST BUTTON. FOR SDA USERS ENSURE THAT YOUR SINGLE TARGET AND OVERALL TRAGET ARE A TIGHT RATIO (EG 50:50 NEVER 10:100) THIS WILL ENABLE IT TO BE IN AND OUT QUICKLY. I HOPE THAT YOU GUYS AT LEAST TRY THESE AND WITH PRACTICE IT WILL WORK FOR YOU BECAUSE DESPITE THE BAD EXPERIENCES THAT YOU SEEM TO HAVE HAD ( AND I AM SORRY FOR THAT)THE PROGRAM ITSELF IS DEFINITELY NOT A SCAM AND DOES WORK. ALL THE BEST TO YOU ALL.


Barbara

Gold Coast,
Australia,
Australia
COMMON SENSE

#14UPDATE EX-employee responds

Sat, September 17, 2005

HI I AM SORRY TO HEAR ABOUT THIS SITE, AND VERY SORRY FOR THE PEOPLE THAT FEEL THAT THEY HAVE LOST THEIR MONEY. I AM AN EX-EMPLOYEE AND HAD A PROBLEM WITH THE SALESMANAGER AT THE TIME, BUT NEED TO TELL YOU ALL THAT I HAVE BOUGHT AND OWNED BOTH THE VX & SDA AND HAVE A FAMILY MEMBER WHO OWNS THE SDA ALSO. I HAVE MADE MORE MONEY ON RUNNING THESE AS A CONSUMER THAN I MADE AS A CONSULTANT( I CERTAINLY NEVER MADE $150K A YEAR). THE ADVISE I WANT TO OFFER IS TO USE COMMON SENSE AND LEARN THE PROGRAM VERY WELL BEFORE LIVE TRADING-PAPER TRADE FOR AS MUCH AS YOU CAN UNTIL YOU ARE SUPER CONFIDENT- I AM AWARE THAT MANY OF YOU MENTION THAT YOU HAVE HAD POOR TRAINING EXPERIENCES BUT YOU CAN PRACTICE THIS YOURSELF WITH THE COMMON SENSE ALREADY POSTED ON THIS SITE. PRACTICE AND UNDERSTAND AND THESE PROGRAMS WILL MAKE YOU MONEY. THOUGH I HAVE MOVED ON, AS I SAID DUE TO A BITTER EXPERIENCE WITH THAT SALES MANAGER, I THANK THEM FOR INTRODUCING ME TO MAKING MONEY IN THIS INDUSTRY (IT HAS HELPED ME IMMENSELY IN THE LAST 2 YEARS) AND I UNDERSTAND THAT THE COMPANY IS NOT THAT SALES MANAGER AND I EXTEND MY THANKS TO SOFTHOLDINGS AND WISH THEM ALL THE BEST.


Rod

Strathpine,
Australia,
Australia
Can Of Worms

#15UPDATE EX-employee responds

Wed, August 10, 2005

I have information that will shut these people down and have their empires taken away. Do a search on Hamlyn Crest Corporation Rosekirk Balwyn Ivorsen, Just to name a few. Hope your reading this Catie And Wayne! The begining of the end.


Rod

Strathpine,
Australia,
Australia
Can Of Worms

#16UPDATE EX-employee responds

Wed, August 10, 2005

I have information that will shut these people down and have their empires taken away. Do a search on Hamlyn Crest Corporation Rosekirk Balwyn Ivorsen, Just to name a few. Hope your reading this Catie And Wayne! The begining of the end.


Rod

Strathpine,
Australia,
Australia
Can Of Worms

#17UPDATE EX-employee responds

Wed, August 10, 2005

I have information that will shut these people down and have their empires taken away. Do a search on Hamlyn Crest Corporation Rosekirk Balwyn Ivorsen, Just to name a few. Hope your reading this Catie And Wayne! The begining of the end.


Rod

Strathpine,
Australia,
Australia
Can Of Worms

#18UPDATE EX-employee responds

Wed, August 10, 2005

I have information that will shut these people down and have their empires taken away. Do a search on Hamlyn Crest Corporation Rosekirk Balwyn Ivorsen, Just to name a few. Hope your reading this Catie And Wayne! The begining of the end.


James

Burleigh,
Australia,
Australia
The Address of Softholding

#19Consumer Suggestion

Mon, August 01, 2005

Hi, the address of Softholdings is Marine Prd 22, Southport. This is the same as the Salesroomnet, which is the same company anyway.


Rob

BIRRONG,
Australia,
Australia
SOFT HOLDINGS

#20REBUTTAL Individual responds

Sun, July 31, 2005

HI TO ALL I HAVE ALSO BEEN RIPED OFF BUY THIS COMPANY MY ORIGINAL CONTACT WAS THRU QUEENSLAND DOES ANY ONE HAVE A CONTACT NUMBER OR ADDRESS OF THE SOFT HOLDINGS IN QUEENSLAND, AS THEY ARE A REGISTED COMPANY IN AUSTRALIA, AS I FOUND THRU ASICS. IF ANY ONE CAN HELP PLEASE EMAIL ME AS THIS COMPANY WILL BE TAKED TO COURT


James

Burleigh,
Australia,
Australia
How it is done - a look beyond the scammer curtains

#21UPDATE EX-employee responds

Mon, July 25, 2005

Okay, Today, let's have a look how the Softholdings or rather thesalesroomnet scam is actually working. First of all, all those people who have invested in that company's software should realize that they just paid for the ignorance of not checking out the company - or at least the part of their brain where the common sense resides. Put it down as educational expense. There is no such thing as software that can predict the outcome of a race with 100% certainty. And that is what you would need to win any money with them. Having said that, I will try to explain how the scam works: Basically there are 2 programs, the VX and the SDA. Both work on the same principle. They scan the TAB online website sorry, allowing you to give a competitors name would instigate others to just file against their competition, to only come back later to suggest their company your comments on this policy are welcome! CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report. for changes in the money placed at certain competitors. You can try this out yourself at the website just go in to any race that is about to start, say 3 10 minutes away and watch how the odds change. The change appears in yellow, the refresh button shows you the changes that go through immediately. The more money is placed on a competitor, the worse the odds get in relation to all the other competitors, of course. But this is already done at the TAB website; the software is just scanning the changes. The parameters of the software are set to ignore any outsiders (100:1 and the like). Matter of fact, it never even selects 50:1 competitors. It also would ignore outside favorites like 1.7:1 or less. Most of the time you're a left with 3-6 competitors that fulfill this criteria. The software duly selects those and places money on each competitor in a way to make you your predetermined profit, in the demonstration it is always 10 Dollars with the VX program. Of course you can change the setting to whatever amount you like, in the VX to $100, in the SDA to an unlimited amount. So money gets placed on each competitor to make you $10 profit overall. On an average you would invest $50 to make $10. Softholdings claims 82% accuracy, I doubt that figure very much, it is probably more like 70% but my proof lies only in my personal experience with that software. For arguments sake lets say it will return 80%. That means simply every 5th race will produce a loser. Okay, lets see now, we won 4 races with a profit of $40 and lost one with a loss of $50. Leaves you 10 bucks short, doesn't it? It makes no difference how large the investment is, you loose! Now it gets really interesting: when you try the software with your friendly scammer on the phone, losses will be ignored as you are trying the software for the first time, and so on, blah blah. Here already they will put the blame on you when something goes wrong. Little Hint: the VX software has a Lost and Win button on the screen, just hit the lost button when you lost and you will see real interesting things happen! Don't tell your friendly scammer on the phone you did, it will not change the working of the program as such, but he will blame any losses on you if he knows. Now, after you hit the Lost button, you will notice that the software will try to recoup your losses in the next race, plus giving you $ 10 profit. We are $50 down, plus we want another $10 Profit. The rule is we would have to invest 5 times as much, around $250 - $300. The software will exactly do that. Lets assume you loose this one again (I saw often 3 losses in a row, believe me). You now do have a minus of roughly $300. The next investment to recover would be $1.500, but you have only $700 left from your initial $1.000. Will you risk it? Or will you not? Hey, that's called gambling, isn't it? The SDA works in exactly the same way, only it's done automatically and when you're out thinking you'll return rich, it is very likely throwing the money at the ponies. With a suggested bank of $ 3.000 Dollars and a purchase price of some $ 12.000 that's a lot of money for education. Mind you, this scenario must not necessarily happen at the first time you use it. You might even win a few Dollars here and there. But it will happen sometimes, because that is what the odds are, it is mathematically impossible, that it will NOT happen. So you lost your money, your furious because you should be ahead and you call Softholdings to get an explanation what's going on. Guess what, it is your fault, because you've been scanning wrong. So they will suggest retraining which won't help you at all, of course. Your better off marching right to Consumer Affairs or right to the police to file a fraud complain. Or you can always go to the showroom at 24 Cavill Ave. Surfers Paradise, where until recently, our famous Scott Emerson, formerly employed by the other racing scam software companies, will actually show you how to loose your money live in front of other people. Oh yes, there is also this famous guarantee, a real piece of art. Most of it you can ignore as rabble, but important is the part where you agree to always have sufficient funds for the program to operate in your Tab account. Meaning, after loosing the first $ 1.000 you of course should put in another $1.000 and so on. By the time 6 months are gone you would have lost so much money that the purchase price of $ 8.500 seems like a pittance. Problem is, you'll have absolute nothing in writing that even mentions any sums of money to be won by you. Another interesting fact is that the trainers are not in Honk Kong as Softholdings is trying to tell you, they are actually across the hall, in the forbidden sector of the building. This was highlighted by the almost hilarious situation, where a Chinese customer wanted his training in Chinese language and Softholdings wasn't able to find one single Chinese speaking instructor out of the 6 Million that live in Hong Kong. I'm still laughing. It is all happening at 22 Marine Prd Southport at the Salesroomnet, the only customer being Softholdings. In the next week I will get a copy of the famous programs and after a few changes to the access code I will put it at a yet to be announced website where anybody interested in it will be able to downloaded for free. You can than all see what the ting does. The best way to hurt those crooks is to drag them out into the open. One more thing, since this will be posted at the Rip-off Report it should be noted that the friendly scammer at the salesroomnet/ softholdings will tell you after mentioning the report, that the whole site is nothing but an extortion website from the owner of the website to swindle out money from honest companies like softholdings. They will tell you, the owner of the website is actually wanted by the FBI for extortion. WOW! How do they know all this? Also next week I will look at some other race horse scams and show you how they do it. All the best and don't get caught!


Timothy

Goldcoast,
Other,
Australia
not even the tip of the iceberg with this place... how employees are paid. .they are crooks and scammers

#22UPDATE Employee

Sat, June 25, 2005

Hello again, just dropping some more info about this "company". This time i will talk about the address of the "company" and also how employees are paid. When i was working there something just didnt seem right and im glad that i had a friend who worked with me and thought the same. When we were being trained by Keith Jones and Prue they were very quick to tell us how the head office of Softholdings is in Wanchai Hong Kong Lvl 35 of Central Plaza , which as it happens is the 11th tallest building in the world. Smelling a rat we google searched Hong Kong business register and also googled the tennants list of Central Plaza Hong Kong. Guess what there is no such tennant called Softholdings in Central Plaza Hong Kong , however on the Hong Kong business register i think there was something on there about them but as you guessed i dont read speak or understand chinese so who knows. I remember Keith saying that American express was a tennant in the same building and also the Boeing Airline company was on the same floor....guess what no such tennants in the building. We were truly not surprised. With the pay side of things employees are to provide an invoice weekly and supply an ABN number,also we billed the Salesroom in HOng Kong currency( the salesroom is where we worked and the salesroom is the only place in Australia who has the onselling rights for the product) the invoices apparently are sent off to Hong Kong on Monday mornings and our pay was available on Wednesday. Which we all thought was plausable however our pay was paid from an ANZ bank account in Southport on the Gold Coast we asked if there had been any overseas transaction or anything remotely to do with hong kong dollars. The answer was no, it was a basic transfer. Another interesting point with the pay is that we didnt work for softholdings , we worked for the salesroom (onseller of the product) on our bank statement it said Softholdings Agent Fees. This is not even the tip of the iceberg with this place....they are crooks and scammers have i said that Prue said that she used to work for a dating agency on the Gold Coast....probably one of those agencies thats always on A Current Affair after scammming lonely men of thousands. Alright more to come later on see ya AND DONT BUY THIS RODUCT I URGE YOU ALL TO CALL THE 1800 003 657 TOLL FREE # AND ASK QUESTIONS.....GOOD LUCK


Timothy

Goldcoast,
Other,
Australia
Former employee has paper proof of this scam!

#23UPDATE Employee

Mon, June 20, 2005

Where do i start with softholdings? I truly do not know, there is so much that the public need to know about this "company". Firstly if you are thinking of buying the product....DONT. If you are that keen to make an investment, for goodness sake buy some real estate. This is not an investment it is a gamble.... This mob advertises in the Gold Coast Bulletin and entices wood-be salepeople with the chance to make 150k/year (yeh by fleecing hard working aussies of there money). When you turn up to the interview you are greeted by an overweight and unattractive young lady called Prue. She runs you down on how great the company is and all the perks , such as a tea and coffe lady, drinks on friday night after work and the chance to make around 150k a year, plus joy rides in the company chopper which i never saw...Another thing that she made quite clear was that we were to be trained by a bloke called "Keith Jones" apparently one of the top twelve sales consultants on the face of the planet that has been contracted to train and restructure some of the biggest companies in the world if so why the F#^k is he on the gold coast, maybe he slipped to number 13. I will continue to post information on this site for the next month or until i have said all that i know about this scam....this is a very sophisticated and well thought out money laundering exercise...i will prove this beyond a reasonable doubt, i will run this "company" out of town.... Watch this space...


Timothy

Goldcoast,
Other,
Australia
Former employee has paper proof of this scam!

#24UPDATE Employee

Mon, June 20, 2005

Where do i start with softholdings? I truly do not know, there is so much that the public need to know about this "company". Firstly if you are thinking of buying the product....DONT. If you are that keen to make an investment, for goodness sake buy some real estate. This is not an investment it is a gamble.... This mob advertises in the Gold Coast Bulletin and entices wood-be salepeople with the chance to make 150k/year (yeh by fleecing hard working aussies of there money). When you turn up to the interview you are greeted by an overweight and unattractive young lady called Prue. She runs you down on how great the company is and all the perks , such as a tea and coffe lady, drinks on friday night after work and the chance to make around 150k a year, plus joy rides in the company chopper which i never saw...Another thing that she made quite clear was that we were to be trained by a bloke called "Keith Jones" apparently one of the top twelve sales consultants on the face of the planet that has been contracted to train and restructure some of the biggest companies in the world if so why the F#^k is he on the gold coast, maybe he slipped to number 13. I will continue to post information on this site for the next month or until i have said all that i know about this scam....this is a very sophisticated and well thought out money laundering exercise...i will prove this beyond a reasonable doubt, i will run this "company" out of town.... Watch this space...


Timothy

Goldcoast,
Other,
Australia
Former employee has paper proof of this scam!

#25UPDATE Employee

Mon, June 20, 2005

Where do i start with softholdings? I truly do not know, there is so much that the public need to know about this "company". Firstly if you are thinking of buying the product....DONT. If you are that keen to make an investment, for goodness sake buy some real estate. This is not an investment it is a gamble.... This mob advertises in the Gold Coast Bulletin and entices wood-be salepeople with the chance to make 150k/year (yeh by fleecing hard working aussies of there money). When you turn up to the interview you are greeted by an overweight and unattractive young lady called Prue. She runs you down on how great the company is and all the perks , such as a tea and coffe lady, drinks on friday night after work and the chance to make around 150k a year, plus joy rides in the company chopper which i never saw...Another thing that she made quite clear was that we were to be trained by a bloke called "Keith Jones" apparently one of the top twelve sales consultants on the face of the planet that has been contracted to train and restructure some of the biggest companies in the world if so why the F#^k is he on the gold coast, maybe he slipped to number 13. I will continue to post information on this site for the next month or until i have said all that i know about this scam....this is a very sophisticated and well thought out money laundering exercise...i will prove this beyond a reasonable doubt, i will run this "company" out of town.... Watch this space...


Timothy

Goldcoast,
Other,
Australia
Former employee has paper proof of this scam!

#26UPDATE Employee

Mon, June 20, 2005

Where do i start with softholdings? I truly do not know, there is so much that the public need to know about this "company". Firstly if you are thinking of buying the product....DONT. If you are that keen to make an investment, for goodness sake buy some real estate. This is not an investment it is a gamble.... This mob advertises in the Gold Coast Bulletin and entices wood-be salepeople with the chance to make 150k/year (yeh by fleecing hard working aussies of there money). When you turn up to the interview you are greeted by an overweight and unattractive young lady called Prue. She runs you down on how great the company is and all the perks , such as a tea and coffe lady, drinks on friday night after work and the chance to make around 150k a year, plus joy rides in the company chopper which i never saw...Another thing that she made quite clear was that we were to be trained by a bloke called "Keith Jones" apparently one of the top twelve sales consultants on the face of the planet that has been contracted to train and restructure some of the biggest companies in the world if so why the F#^k is he on the gold coast, maybe he slipped to number 13. I will continue to post information on this site for the next month or until i have said all that i know about this scam....this is a very sophisticated and well thought out money laundering exercise...i will prove this beyond a reasonable doubt, i will run this "company" out of town.... Watch this space...


Alex

Peranga,
Australia,
Australia
Why risk it? the cost I thought that was way too much to gamble with

#27Consumer Comment

Tue, March 15, 2005

I too have been contacted on no less than 50 occasions by representatives from Soft Holdings. I should have been firm from the outset but was curious and thought I'd have a look. When I was told the cost I thought that was way too much to gamble with. They, however, have not got the hint that I am no longer interested, and continue to hound me almost daily. In my opinion, why risk over $8000 if you're not 100% sure? Why spend such a large chunk of your annual income on a product that is dubious, a company that has a less-than-glowing reputation and at the behest of sales consultants that pester and abuse you into submission? Surely there are safer, more ethical ways to invest your money. I personally would think long and hard before I borrowed money to invest, because unless you are very canny or very lucky, the lending institution will invariably make more from the transaction than you stand to.


Tim

Croydon, Victoria,
Australia,
Australia
Refund obtained

#28Consumer Comment

Wed, March 02, 2005

Unbelieveable...... I actually received a refund off these guys........ Do not give up..... it is possible cheers


Tim

Croydon, Victoria,
Australia,
Australia
Refund obtained

#29Consumer Comment

Wed, March 02, 2005

Unbelieveable...... I actually received a refund off these guys........ Do not give up..... it is possible cheers


Tim

Croydon, Victoria,
Australia,
Australia
Refund obtained

#30Consumer Comment

Wed, March 02, 2005

Unbelieveable...... I actually received a refund off these guys........ Do not give up..... it is possible cheers


Tim

Croydon, Victoria,
Australia,
Australia
Refund obtained

#31Consumer Comment

Wed, March 02, 2005

Unbelieveable...... I actually received a refund off these guys........ Do not give up..... it is possible cheers


Mj

Molendinar,
Australia,
Australia
Challenge

#32Consumer Comment

Sat, February 19, 2005

Also, I have a quick challenge for those who say they have lost. I am not asking for anything more than what you have already given us... If you are so keen to tell us how much you lost, you wont mind posting your TAB ACCOUNT STATEMENTS. NOT your bank account (I would not assume anyone in here is stupid enough to do so amyway), but the TAB account the program is supposed to use. If you have lost what you've said, then showing us this will do 2 things: 1 - Prove (or disprove) the accuracy of your statements; and (more importantly) 2 - It will prove to people (if what you say is accurate) that this program should not be used. I have to assume if you are ready to tell us all what you lost on this site, then blanking out any personal details and scanning your TAB account statement should be no skin off your nose. I also have to assume that if you are still unwilling to do even this, then you may just be someone working for the opposition. I'm sure at least a few of the glowing reports here are from employees/owners. As I'm sure some of the detractors are just from the competition. Let's see what this simple enough request results in shall we? I'm sure many people besides myself are keen to view some impressively damning TAB accounts... Or the absence thereof...


Tony

Perth,
Australia,
Australia
Near Miss.. I also left a 20% deposit and was suitably impressed with the software.

#33Consumer Comment

Wed, February 09, 2005

The salesperson did an excellent job in selling the benefits of the VX software. However, I was fortunate in a number of areas: 1. After leaving my deposit I found this site which was enough to put doubt in my mind considering the amount I had just agreed to part with. When you cut to the chase the software is basically a betting system. 2. I gave my deposit on a Saturday which was not going to be processed until the following Monday. 3. I rang the 1800 number on the Sunday and gave specific instructions that they were not to process my deposit on the following Monday. 4. To create my own "Cooling Down" period I had my mastercard cancelled on the Sunday. 5. On the Monday I had a call from the sales rep asking why I had cancelled my mastercard and he also denied all knowledge of receiving my phone message. I was going into the transaction with the knowledge that they were touting an 82% success rate and also with a complete understanding of how the software worked. I was comfortable that there were risks involved. However, one thing that became evident from this site was the need to keep doubling (at least) the amount invested to recoup past losses or be wiped out attempting. This I didn't like. It has been good to see the positive feedback in recent postings here (as opposed to the raw emotion earlier and which I can see is also understandable). I may acquire the software sometime in the future but will go in with eyes wide open and not expecting guarantees and would never recommend the software. I would also not do the "double up" procedure but play one investment at a time. This would mean that a $100 bank may not take 1/2 hour to get but a few hours. Who knows, now that I have got over my "get rich quick" fever and bounced back to reality - I may forget about this forever and do what we should all do - build up our wealth by simple hard work and long term savings strategies.


Tim

Croydon, Victoria,
Australia,
Australia
Company is not returning my calls

#34Consumer Comment

Wed, February 09, 2005

Just wondering if anyone has had any luck getting refunds recenty? I am trying to get a 10% refund....however they are not returning my calls..... I suspect my money is gone. I will be reporting there conduct to the various consumer bodies in Australia. What actions are people taking? Anyone had any luck? Regards


Anonymous

Brisbane,
Australia,
Australia
Paid deposit, awaiting refund... thankful I found this site

#35Consumer Comment

Tue, January 11, 2005

I paid a deposit (thankfully not 10%), and then did a little research, and found this site. And I tell you what, I am thankful I did, as I have now requested a refund of the deposit. They also have tactics for refunds also. They will continually ring you to see if the refund has happened yet, and then try to resell you the product, and ask why you don't want to it. After telling one of the consultants that I didn't really have to explain myself, he got quite rude. So I hung up on him. I then receive an abusive voice mail (after not accepting a 2nd call from him), saying that I'm a dumb Australian, my wife wears the pants, I can't make decisions, a time waster, etc, etc, etc... I have never experienced this type of marketing before, and I seriously hope I do not in the future.


Tim

Melbourne,
Australia,
Australia
Partial 10% deposit paid, cutting my losses and walking away..

#36Consumer Suggestion

Sun, January 09, 2005

Hi there all. I have read both sides of this and it is very thought provoking. To my situation.....I have paid a 10% deposit of the total already..... I must say i am tempted to just cut my losses and walk away from these HK software sellers.... cheers


Michelle

Gold Coast,
Australia,
U.S.A.
RIP OFF SCAM OR NOT?

#37Consumer Comment

Sat, January 08, 2005

I have been looking at buying the VX, SDA for almost six months now. I am also skeptical since reading all this. However i must say. I have been told very different stories to the above posts. I was told it was 82% accurate. If u were told it doesnt loose, Wheres the other 18%. I was also told that if u had $1000 in your account u could only bet $10. You should have 10% working capital. So u need 5000 for $50 bets. I have contacted Department of fair trading three times. They have no bad reports on Soft holding. They do however tell u to avoid all betting scams, as reports are there on other companies. Maybe this is where the support comes from. They also told me that your money leaves the country. So so does the warranty. So the warranty bit was the oly information usefull. Well we know there is no warranty. If they are selling 15 useless software packages a week for the past 26 years how come thers no complaints. I have not yet baught this software & have been told all this info from the company. How come u were not. I was also told of set conditions eg dont bet on first last race etc. I do however believe the company are selling it like u just have to click a button its that easy. Well its a little more involved than that. So i believe the system may not work for all. I am very interested in buying this. So unhappy customers i will buy your system if u like.I have not found any evidence yet that this company or software is a scam. SO please CHRIS, BILLY, BOBBY, PETER, I would love to hear from u about your system, and how it realy works. From what i can see of it i like. I dont know how to contact u on this site. People that post all this stuff make me very nervous.True or untrue. Thanks


Richard

Surry Hills,
Australia,
Australia
I just bought the SDA, awaiting training

#38Consumer Suggestion

Tue, December 14, 2004

Hello All, I read all your posts with a mixture of feelings ranging from absolute terror to calm assurance. You see I just bought the SDA yesterday and my training is tomorrow!! I feel for those who have been ill treated by Softholdings and especially those who have lost money. I applaud you all for your opinions, warnings and suggestions. I was even entertained by that guy with the foul mouth .. I suspect he is not even human but an lizard alien in disguise. Sorry guy, I couldn't help myself (LOL)! There is no going back for me, so I have decided to take a positive approach and take on board all the tips provided and be very cautious. Also, I think greed would be a very detrimental position to take. Here is an email I sent to some people in the process of buying/considering the software: "I found some very interesting information on the internet from an online forum. There are a mixture of opinions at this web site about the software, ranging from good to bad to very ugly! It appears that it is up to the individual to make it work for them! So I decided to concentrate on the positive statements I found because there were a lot of tips to help you make it a success. Apparently, the Softholdings training is not always up to scratch, so this information, I feel is invaluable! I have attached a Word document with the tips I found. I hope you can make some use of them! I am now aware of the HK$5000 finders fee for bringing in new clients for Softholdings. A word of caution. I will NOT recommend this software to anyone UNLESS: 1) I am 110% happy that I can make money from it and have proven this from MY personal experience 2) I can offer my FULL support by offering tips from MY personal experience. 3) I ensure they know the risks involved. After all it is still betting. I feel that anything less would be immoral. There were some damning comments in the online forum I found! And if anyone that I introduced became of the same opinion I don't know what I would do ... but friends could be lost. Sorry to sound melodramatic but these are large sums of money. After all that I still feel very positive! :-) Goodluck Richie" THANKS AGAIN TO ALL THAT HAVE POSTED (but NOT to the fictitious!) Regards


Sally

Adelaide,
Australia,
Australia
glad to hear that I am not alone in my grievance with the company

#39Consumer Comment

Tue, December 07, 2004

Drew, I have been an owner of the Soft Holdings program since October of last year. I only just discovered your report and am very glad to hear that I am not alone in my grievance with the company. I have filed my own report on this site and can completely relate to the things you write about. However, the things I was told by their sales rep over a year ago are completely different to what you have been told by the company and I believe are even more ridiculous. Read my report and you will understand. I was also interested because you are located in Adelaide as am I and I am very interested in pursuing this fight against the company with other people that are in a similar situation because I do not believe my son and I could manage it alone. Please respond to this message because I am going nowhere in my personal effort to gain a refund from the company and cannot afford to lose the $5000 I paid out for the program.


M

Perth,
Australia,
Australia
no further comment needed; just look at the website below.

#40Consumer Suggestion

Tue, November 30, 2004

http://www.consumer.qld.gov.au/OFT/OFTWeb.nsf/Web+Pages/E7BF0D316FC6970F4A256F33000CC56D?OpenDocument&L1=News


M

Joondalup,
Australia,
Australia
better idea still, set you dial-up modem to dial their 1800 number and redial it continually for a period of time when you feel like annoying.

#41Consumer Suggestion

Mon, November 29, 2004

why not just set you dial-up modem to dial their 1800 number and redial it continually for a period of time when you feel like annoying. the persona answering the call will just get your modem going beep.beep.beep..... and you do not have to sit there dialing the numbers. Sorry I cannot help you get your money back but you can at lease annoy them back just as much as they have been annoying you. once again make sure: YOUR TELEPHONE PROVIDER HAS 1800 number as a free call from you phone!!!! cheers


M

Perth,
Australia,
Australia
Beat them at their own game

#42Consumer Suggestion

Mon, November 29, 2004

Why not just get them back and since the 1800 number (for Aussies) is a free call (make sure you check with your own phone provider!!) just everyone keep calling them until they get a huge phone bill. ie. 1800 they should be paying for all of the calls they receive.

Hey it works with postage mail whereby you get a brick (or something else heavy) and post it back in the supplied reply paid envelope.

They soon stop sending you rubbish.

cheers

ps.

I was approached 3 day ago and so far have had 3 telephone conversations with SOFTHOLDINGS

2 telephone converstations with WA SCAMNET &
2 emails sent to WA SCAMNET


Peter

Newcastle,
Australia,
Australia
new owner; sound like a case of sour grapes to me

#43REBUTTAL Owner of company

Thu, November 25, 2004

I have owned the VX software for about 3 weeks now, and have had no problems at all yet.

I must admit I was a bit sceptical when I got the first email and phone call, but they let me try it out for myself, and I watched it all live on my own TV. I don't know how you reckon they rig it, it doesnt seem possible to me that they could control what my own foxtel does.

The people who reckon they got ripped off sound like a case of sour grapes to me, they stuffed up themselves and are looking for someone to blame.

Not had a problem yet, and can't see myself having a problem in the future either, the support has been nothing but helpful when I have had to ring them, and the company has always been easy to deal with.

When I asked them today about this site, they said that you can't please everybody, and that the company was fully prepared to provide anyone who had a problem with extra training if it was required. I reckon you should take them up on that offer.


Bobby

Ipswich,
Australia,
Australia
meeting up

#44Consumer Comment

Sun, November 21, 2004

The guys at Ipswich and in Brisbane, I think it would be a good idea to get together and compare notes about using the program. It certainly seem that some of us are doing the right thing and some aren't.

How about a meeting this weekend or the next???


Billy

Ipswich,
Australia,
Australia
Re : More Info

#45Consumer Comment

Thu, November 18, 2004

Sean,

I am not going to post what in effect are my personal 'bank statements' on-line. I would defy any sane person to do that.

As I said more than happy to meet up with you. Show you my statements 'face to face' and do some live trades with you, what more can I offer ??

As for your other question.. yes and no.. I was told nothing of race distance (this is really irrelevant and is not part of my criteria anyway) , track condition (common sense, avoid wet tracks!!!)

Parameters that I was told about are below, I did ask for a 'user guide' but ???

-Dont do the 1st or last event at any venue
- Dont do maidens or steeplechase events
- Dont pick fav against the field or field against fav.
- Dont invest if fav not selected and paying under 1.80 (** I personally dont invest at all if the fav is not selected.)

- The most important parameter I was told to stick to (which was different to what I was told by the trainer, but seems to be correct) was to stick with 10% rule. ie 1000 working capitol / 100 per day target profit / 10 per event.. you want more $$ you need more working capitol..that simple..

I know nothing about the racing industry or wagering, before using the prog I had never been into a TAB other than melb cup day. As for 'form' based parameters I dont see the ones that I use having anything to do with form. Mine are based purely on common sense to reduce the risk of getting a negative return..ie dont do steeplechases.. even if the program accurately scans the money, the horse can still trip on a hurdle. Yes there is a risk associated with this program, but hey there is 60% chance I will get hit by a car on my way home from work.

Maybe I was just lucky and got a consultant who was upfront and provided me with some good tips on how to use the program effectively.

I am very conservative in how I use this tool, I make the decision whether or not to go ahead with an investment or not, it is my money after all.

I learnt some tough and expensive lessons early on, but the program is software, it does what it does and in my opinion it does it well. I got into trouble by trying to generate to much money to quickly (although not my fault as I prev mentioned!!)

The training Soft Holdings give is absolutely crap,(the sales guy i dealt with gave me more info than anybody!!) please take on board the tips I have given, which were learnt the hard way. Paper trade them before using real money and make sure you have your 'timing' down pat before hitting that invest button.
Hope this info helps

cheers


Chris

Darwin,
Australia,
Australia
Long Term Owner

#46Consumer Comment

Thu, November 18, 2004

A friend of mine who I was telling about my program and who was researching it for himself directed me to this site, and I have read this report with interest, having owned the VX program now for just over 6 months.

One of the things I found when I first started is that I needed about $5000 in my TAB account. The salesperson had told me that I needed a minimum of $1000 to start with, but that is probably if you are running it at the lowest setting. I run mine for a target of $50. The highest individual amount I had to bet was $1760, combined with the previous loses that was around $3700 in total. On average I find it takes about 3 or 4 races to make your target profit. Once you reach it the program closes. I have also found that on weekends I have the time to reach my target 3 or 4 times. I have not gone a day that I have used the program without reaching my target.

I think it is like everything that is out there, you are always going to have people who get p'ed off with a company, it is a fact of business, to date I personally have not yet had a problem with the company, or its service. I am more than happy to let anyone contact me about my experiences with this program


Sean

Sydney,
Australia,
Australia
Okay - someone ready to reveal the truth

#47Consumer Comment

Thu, November 18, 2004

Hello Billy. I will take you up on your offer to see the program work live and view your tab statements if you kindly post that below.

For others who know from personal experience - please answer me this. When you were sold the program were you given any advise regarding favourites, race distance etc and other usual form details like that ? what about any other user guide tips like those quoted by Billy above ??

The thing is you see - the whole principle of smart money and late money etc should not be affected by such things as form or other factors. Once again I remain totally unconvinced.


Billy

Ipswich,
Australia,
Australia
Some more feedback..

#48Consumer Comment

Thu, November 18, 2004

I have been following this discussion with some interest and am amused and concerned at some of the responses.

To qualify who I am. I am a owner of both the SDA and the VX program. I bought both packages under a 'special' deal.

When I first started using the programs I lost $800 on VX in the first week.. now that said. I believe it was not myself that did the wrong thing here as i followed the instructions of my trainer. I did question him at the time because the consultant I dealt with emphatically told me if was using a working capitol of 1000 to stick to $10 per event because of the recoup feature. I was told that I would see negative returns and during the demonstration I did we did 5 events and 2 of these where negatives the program recouped these negatives no problem. Back to my original problem my trainer told me to 'not push' the program and go at $100 per event to get in and out quickly.. made sense.. until after I did it and i remembered what the consultant had said at 1000 captitol / 100 per event 2-3 negatives and your out... truer words have never been spoken.. I started again at 10 dollars and although i have had negatives i have not lost a dollar since.Bit of shock to the system.. but a lesson well learnt.

you have to be careful with your criteria. I dont know whether this is in-line with the quarantee or not, to be perfectly honest the quarantee means nothing to me, I didnt buy the product because of the quarantee. I am in control of whether i click the invest button or not, if i dont like the investment i wont do it.Thats what the restart investment button is for. It will just clear the event you are doing. ' Start new' will zero of your profit counter.I have 4 basic rules i stick to.

1/ never invest if the favourite is not selected (yes i know the fav dosnt always win, I.m overcautios)

2/ never invest if it picks the favourite against the field.

3/ never invest if it picks the field against the favourite.

4/ set yourself a limit to be in the negative, i go of a couple of hundred, that is generally 3 negatives in a row, to get that back and get your 10 dollar target you would need to invest 500 or so. Now all due respect you would have to be a right dickhead to invest that much to chase a 10 target. Guarantee or not I click 'Start new' zero off my profit counter and start again with small outlays to get my $10 and build it back up to get the negative amount back.


Like I said this method probably breaks all the rules, but hey it works for me and I havnt had to pay my home mortgage out of my own pocket for over 8 months now.

SDA I am only just starting to get to grips with, I am paper trading the program at the moment and probably will do for at least another month to ensure I get it right and consistant before I use real money, and yes you can set the same parameters above into the SDA so we will have to wait and see but so far so good.. yesterday SDA did $177.90 profit for me with a max investment of 362.00

Sean, I am more than happy to meet with you personally, sit in front of my computer and do some 'live' trades with VX and I am also more than happy to show you my TAB statements to prove the point..

Hey and on that note any potential buyers moe than happy to do the same for you.. you know referral rights and all :)

cheers


Sean

Sydney,
Australia,
Australia
Is there no limit to the false identities these people create??

#49Consumer Comment

Tue, November 16, 2004

Here we go again another person claiming they have the program and that it works as it should.

In my dealings with Softholdings I requested to be put in touch with happy owners of the products for their comments. After the Soft representative quoted several responses straight from their "Logical Sounding (But still a load of crap)" user manual it came to this...

I explained how privacy issues could be overcome by them obtaining permission from happy customers to be put in touch to speak with me. I then explained I would arrange to meet these happy customers in person to verify they were "independent" and not a puppet of Softholdings. Of course they could not produce such happy customers.

If all else fails with terminating these people then I suggest we arrange for creation of a similar program to be added to a website for free use by anyone. It would not be difficult to at least create a duplicate program to select the same horses as the VX program does. This would enable persons on the verge of being conned to sit down and monitor a day of trading to see what the outcome would have been. I have the resources to create such a program and it is under consideration.

In addition - a person can establish which horses have the the smart/late money coming late on a race simply by inserting a few basic formulas in an Excel spreadsheet and then cutting and pasting tab price screens as they are refreshed and dropping them into the prepared excel program. This can be automated by someone who understands macro programming.

However, even done manually it generates the same end result as VX would, although a little slow.

All you need to do is set up your excel to calculate percentage movement of price reductions on the horses and then form your own parameters to select the top 2,3 or 4 runners based upon which ones have the maximum reduction in price - they have had the most money invested late!! Softholdings will surely belittle this approach and quote several reasons why this method would not be the same as their program. However if one can do this for free then why spend $8k on a program that does not work at all.

Some further comments from me after years of mathematically crunching numbers in the area of horseracing.

Betting on several horses for a win in the same race simply does not generate long term profit. It is a self defeating method.

With the staking method used by Softholdings even one loss in four or five will wipe out profits if you are betting level stakes. Then if you increase the stakes to recoup past losses (as VX requires) a losing streak will still come along and wipe you out. Along the way you are betting bigger money to recoup the losses and the amount you need to recoup increases exponentially - losses are not a good thing to have increase exponentially - one wants wins to increase in this fashion if possible. Thus after say only a few losses in a row you may need to outlay $300 on your next investment. Imagine two more losses in a row (which I guarantee will happen at some stage) with those large amounts and then you are chasing combined losses in the 100's of dollars.

There is no such thing as "smart money" being put on horses in the final minutes of betting. This is a myth.

I have personally been involved in owership of good race horses. In such a case you have the inside details from your trainer, your jockey, you strapper and stablehand. With all this "smart" information even our own horse failed to win several races where it was touted by all involved as a "sure thing".

If "smart money" is a real concept then who are these smart persons ? What information do they have that we do not? I give you the answer - for smart money to be a real concept such smart persons would need to fix every race and pay off all other competitors to lose.

If "smart momey" is real why are we investing on 2, 3 or 4 horses in the one race with the VX program. Shouldnt there be only one horse with the smart money on it? After all there can be only one winner.

I could go on and on.

TAB's simply do not offer value when it comes to odds provided for their horses (deductions of up to 18% are taken from betting pools before anything is returned to punters). It is very difficult to use the TAB's and beat the system as the matehmatical odds simply are not good enough.

My advice to any aspiring "investor" in racing. Learn all you can and try to create your own methods. Do not pay anymore than a few hundred dollars for any one tipping service, software, book or other product.

This Softholdings thing is a clever and well funded conspiracy to fool persons into parting with several thousand dollars. Their representatives can argue with the best of us and provide logical sounding responses to ANY objections. Just because someone can produce a logical response does not mean that what they are saying is true

AVOID THIS COMPANY AT ALL COSTS

ANd yes the fair trading office has been in contact with me. They are conducting their own investigations. I have offered to educate them in regards to why this VX thing is a scam since it is not easy to recognise this on the surface.

regards


Paul

Brisbane,
Australia,
Australia
what if it works? I am not an employee and don't really want to get in the middle of all this rubbish

#50Consumer Comment

Mon, November 15, 2004

I have had the VX program for twelve months and have not been dissappointed - it has done everything they claimed. I understand that anything working on sports may be abused and am sorry to hear you guys haven't made your money. I have had one significant loss on the VX when I put a wrong meeting code in and that was a human error that I cannot blame on the VX as the program actually won the event but I had incorrectly entered the meeting code. This has done nothing different running live.

Whilst I understand people like Drew posting I don't understand Pat from Arizona saying why don't the owners keep it for themselves- if all businesses kept their product for themselves instead of selling them we'd all be back to farmers unless we could invent stuff for ourselves, also if he had any real knowledge he'd know you can only have one tab account in your name. Have you ever even seen this Pat?

I am not an employee and don't really want to get in the middle of all this rubbish; especially Luke & Richards sparring match. Just thought you should know that me at least this program has made a huge difference and has MADE money.
Paul


Drew

Adelaide,
Other,
Australia
Misrepresentation

#51Consumer Comment

Fri, November 12, 2004

Yes Saun you are only too right.

Anon is on the rhetoric band wagon. Funny isn't it.

This is where they suck you in. Just like I said earlier it's like they just don't hear what you are saying. The thing is they know what you are going to say before you say it because they have heard it all before. They have all the answers. It is hard to believe Anon could make his comments after having read the whole page. Misrepresentation is the main complaint here. Get it!!!!! Misrepresentation!!!!!!

Just look at the criterior for the races you have to bet on. It will take you half an hour just to find the right set of criterior. And where's my money back from my money back guarantee. What the company is saying in this respect is the program always works and if it failed it was your fault not ours. As for the criterior. I can state emphatically that a trainer told me in response to a direct question that you can bet on wet tracks if it works for you. eg.- you have been winning on these races in paper trading. Also as stated previously if it is so hard for humans to remember everything then why not give them a set of rules to follow. Send it by e-mail. This would be very simple.

Probably my biggest gripe with Anon's comments is this one -"consultants set the expectation that you will incur some loss". Rubbish. Absolute rubbish. First of all no consultant ever said any such a thing to me. The program is designed to win. You place a bet, it loses. You place another bet, it loses. Everytime you place a bet the next one is much more so as to make up your losses and get your profit. You must keep betting until you win. This is where Anon is totally down and out. Game set and match, YOU LOSE!!!! You cannot suffer a small loss. When do you pull out. The guarantee says you must do what the program says. And the program will always say to make the next bet. ALWAYS!!! So where is "some loss". That is the point where everone loses and cannot get their money back. I did not have enough money in my account to make the next bet. I was told $1000 was enough to run the program. I can't believe I'm having to repeat myself again. Misrepresentation!!!

And don't they love to threaten huge law suit's. This usually sends most people packing. Most people don't want to risk losing against a big company with lots of cash. Well just keep it up bully boys. You have decieved me and I don't like it!!!!!!

Oh and why the anon name?


Drew

Adelaide,
Other,
Australia
Misrepresentation

#52Consumer Comment

Fri, November 12, 2004

Yes Saun you are only too right.

Anon is on the rhetoric band wagon. Funny isn't it.

This is where they suck you in. Just like I said earlier it's like they just don't hear what you are saying. The thing is they know what you are going to say before you say it because they have heard it all before. They have all the answers. It is hard to believe Anon could make his comments after having read the whole page. Misrepresentation is the main complaint here. Get it!!!!! Misrepresentation!!!!!!

Just look at the criterior for the races you have to bet on. It will take you half an hour just to find the right set of criterior. And where's my money back from my money back guarantee. What the company is saying in this respect is the program always works and if it failed it was your fault not ours. As for the criterior. I can state emphatically that a trainer told me in response to a direct question that you can bet on wet tracks if it works for you. eg.- you have been winning on these races in paper trading. Also as stated previously if it is so hard for humans to remember everything then why not give them a set of rules to follow. Send it by e-mail. This would be very simple.

Probably my biggest gripe with Anon's comments is this one -"consultants set the expectation that you will incur some loss". Rubbish. Absolute rubbish. First of all no consultant ever said any such a thing to me. The program is designed to win. You place a bet, it loses. You place another bet, it loses. Everytime you place a bet the next one is much more so as to make up your losses and get your profit. You must keep betting until you win. This is where Anon is totally down and out. Game set and match, YOU LOSE!!!! You cannot suffer a small loss. When do you pull out. The guarantee says you must do what the program says. And the program will always say to make the next bet. ALWAYS!!! So where is "some loss". That is the point where everone loses and cannot get their money back. I did not have enough money in my account to make the next bet. I was told $1000 was enough to run the program. I can't believe I'm having to repeat myself again. Misrepresentation!!!

And don't they love to threaten huge law suit's. This usually sends most people packing. Most people don't want to risk losing against a big company with lots of cash. Well just keep it up bully boys. You have decieved me and I don't like it!!!!!!

Oh and why the anon name?


Drew

Adelaide,
Other,
Australia
Misrepresentation

#53Consumer Comment

Fri, November 12, 2004

Yes Saun you are only too right.

Anon is on the rhetoric band wagon. Funny isn't it.

This is where they suck you in. Just like I said earlier it's like they just don't hear what you are saying. The thing is they know what you are going to say before you say it because they have heard it all before. They have all the answers. It is hard to believe Anon could make his comments after having read the whole page. Misrepresentation is the main complaint here. Get it!!!!! Misrepresentation!!!!!!

Just look at the criterior for the races you have to bet on. It will take you half an hour just to find the right set of criterior. And where's my money back from my money back guarantee. What the company is saying in this respect is the program always works and if it failed it was your fault not ours. As for the criterior. I can state emphatically that a trainer told me in response to a direct question that you can bet on wet tracks if it works for you. eg.- you have been winning on these races in paper trading. Also as stated previously if it is so hard for humans to remember everything then why not give them a set of rules to follow. Send it by e-mail. This would be very simple.

Probably my biggest gripe with Anon's comments is this one -"consultants set the expectation that you will incur some loss". Rubbish. Absolute rubbish. First of all no consultant ever said any such a thing to me. The program is designed to win. You place a bet, it loses. You place another bet, it loses. Everytime you place a bet the next one is much more so as to make up your losses and get your profit. You must keep betting until you win. This is where Anon is totally down and out. Game set and match, YOU LOSE!!!! You cannot suffer a small loss. When do you pull out. The guarantee says you must do what the program says. And the program will always say to make the next bet. ALWAYS!!! So where is "some loss". That is the point where everone loses and cannot get their money back. I did not have enough money in my account to make the next bet. I was told $1000 was enough to run the program. I can't believe I'm having to repeat myself again. Misrepresentation!!!

And don't they love to threaten huge law suit's. This usually sends most people packing. Most people don't want to risk losing against a big company with lots of cash. Well just keep it up bully boys. You have decieved me and I don't like it!!!!!!

Oh and why the anon name?


Chris

Brisbane,
Australia,
Australia
TO: Drew

#54REBUTTAL Individual responds

Thu, November 11, 2004

Drew, I have to say that I do think that software works and that's my own decision. I haven't bought the programme yet but have seen several demonstrations and believe my own eyes and am definately experienced enough to know when I see something good.

If it doesn't work eventually, or I do lose money on it. I am willing to accept my loses.

Since you are so adamant about this software being nothing but a liability for you. I am willing to put up $500 to buy your membership.
I don't think you will have any problems selling it to me, since this really is $500 that you have stated you will never see again anyway.

please contact me [DELETED] [via ripoffreport.com]
[Place your comments below and be sure to include your FULL contact information so Rip-off Report can contact you.]

I hope to hear from you asap. I will contact soft holdings myself and make all arranges should everything be okay with you.


Richard

Gosford,
Australia,
Australia
WE ARE STRAYING HERE

#55UPDATE EX-employee responds

Thu, November 11, 2004

OK, I think we may all be straying from the point here.

The point is that Soft Holdings are selling a product which does not work or stand up on every persons computer. Even they admit this.

For the people that this happens to, they are treated like idiots and are told they have done something wrong or incorrect. Again shifting the blame from the product, and onto the individual. Again this is correct and should not be questioned by either side.

The 24/7 help desk seems only to be in place during Australian business hours and no other time. Whether Hong Kong exists or not is highly open to debate.

These so called money expos are in fact not by invitation, but simply via a letter telling you they are on and if you would like to exhibit you pay for your area by the area you use. If invited you could stand there with a jukebox and play music all day. This is easily verified with the organizers of future events.

To summarize;
1) The software does not work for all.
2) Anyone who complains is legally threatened, even though they are telling the truth.
3) When it suits, Softholdings will threaten with Australian law, yet hide behind Hong Kong law when required.
4) As a defence mechanism they offer retraining. Then you lose all over again.

People don't buy the program. It as simple as that.

As for my own education levels, they should not be relevant to this debate as the software is the topic and not my relevant education or intelligence levels.

For arguments sake I am as dumb as a mule and completely and totally retarded.

However, the office of fair trading are more than interested to hear what is happening at 22Marine Parade Southport and they shall be informed accordingly.

For those of you out there who feel the need, please email ALL comments to the Southport branch of office of fair trading and insert Softholdings/Thesalesroom.net in the subject field.

Perhaps this way we can stop the harm that this organization is causing to the public.

Drew, would love to hear from you, but for security and safety reasons it will have to be via this site.

Yours sincerely,


Drew

Adelaide,
Other,
Australia
One more time (never say never)

#56Consumer Comment

Thu, November 11, 2004

I really am tired of having to respond to people who have no idea!!!!!! It reminds me of when I was sending e-mails to those unscrupulous rip off merchants in Hong Kong, it really is like talking to a brick wall, thick and dense.

Anyway, what did you mean Luke, when you pointed out my comment 'extent of your intelligence'. The fact that you put 'extend of your intelligence' says a lot.

I must say at this point I do feel quite sorry for you, if you are who you say you are. Obviously having just bought the program you do not want to admit you made a mistake and blew your hard earned money, and look like a fool. Unfortunately that is exactly what you have done. I worked the program for a while, albeit a very short while, and won some money before I lost the lot. Donna from Bendigo worked the program for 5 1/2 months before it went haywire and she lost about $4,000 plus the $6,000 odd she spent for it. She was just 10 days short of the six months. They of course did not refund her money. Now, if she had not made her money back in that time I don't think she would have made up $10,000 in 10 days. And, of course, as is the case with myself, she was not willing to put more of her hard earned money into the program and risk losing that as well (not that I had it anyway). Her e-mail address is [email protected] you and anyone else who cares may want to ask her yourselves. Also here is another e-mail address of someone else who was ripped off you might want to ask him too. [email protected]

As for your tirades of idiotic abuse, well, at the risk of giving your nonsense some substance I will try to address your problems of perception. I pressed my buttons at just the right time unfortunately the horses the program picked did not win. Plain and simple. I would love to go over that day and show you that all the criterior was correct the horses simply did not win. If you have read everything that has transpired previously on this page then you might get the idea that when dealing with live animals all can not be predicted. It is a pity I even have to say this as it is so obvious!!! Unfortunately I was taken along with many others. You see you want to believe so much, and earn that money, that you tend to overlook the obvious. It's not so much that I don't like what you say it's the way you say it and how totally and sadly uninformed you really are. Can't work out what you meant by the 'I Love Lucy' bit but good luck to you. When you lose your money and can't get it back, then best you don't come crying to me. But no doubt you will be one of the gutless ones who are too embarrassed to come forward and admit they were fools and made a mistake. Manipulated by masters of the sale who know just what buttons to push. You shouldn't feel too bad as we are only human and make mistakes. The main thing is we learn from our mistakes and don't repeat them and help others to learn as well.

And, Luke, saying your an investor just shows me that you believe their rhetoric because that is exactly what they say. Which, incedently, is another area of fraud that these people are on the edge of. It is most certainly not investing it is most definetely gambling. But I suppose you will go on fooling yourself until you lose the lot.

I must say something about the $50,000 earnings. Yes this would be considered to be each account. This whole area of this tasteless excercise is very interesting. Soft Holdings says you can do this in just half an hour a day. Well why not then go back in and do it again on the same account, and again and again etc on the same day. They tell you that the system was not designed for this. Well what a load of idiotic crap. If the system works it works whether it be once or a hundred times. Anyone with even a little sense should ponder on that for a while. Why not set up numerous accounts and employ 'any idiot who can work a mouse' pay them $20 an hour which is $10 per half hour and pocket $90 per half hour profit. Think about it a while. I wish I had before I got ripped off.

It's nice to be nice
And it's nice to know nice people

Good luck to all you good people and all the low life dregs of society I hope you can mend your ways.

Drew

P.S. Richard I am very interested in what you say. I am busy at the moment but will endeavour to contact you as soon as possible.


Sean

Sydney,
Australia,
Australia
Mention Consumer Affairs and they Post a CLEVER Response

#57Consumer Comment

Thu, November 11, 2004

Hehehehe I see the bad manners angle has been replaced by another clever ploy to fool people into agreeing this is a legitimate product.

The reason they have got away with it so far is that they keep providing believable reasons why it will work

I am with you Richard and contacting Southport Fair Trading...


Anon

Sydney,
Australia,
Australia
Information will help you understand

#58UPDATE EX-employee responds

Wed, November 10, 2004

Having completed a postgraduate degree in Information Systems with offers to continue with honours (plus a Master in Accounting and a Bachelor in Science), I can safely say that the software is doing exactly what it's designed to do. If you can comprehend the fact that it is simply a software program and nothing else, then you will also understand that it can only do what it's programmed to do. In other words, the software is only scanning changes to the investment pools of money generated by each event in conjunction with the time in which these changes occur. It is a simple relationship, which, with knowledge and experience of the software and industry, will maximise the potential for you to achieve a higher rate of return.

Consider buying property. Anyone can buy property but not everyone makes money from it. Why? Because some people have more experience and knowledge and that is achieved through learning. Do yourself a favour and learn a little about the industry. The tool has already been given to you.

From my experience, I will pass this down to you to help you achieve success with the software:
- don't invest in 1st, last, maiden events
- don't invest in wet / slow / poor tracks
- don't invest where the win pools are small (generally no less than 10-15K for horse and trots and no less than 7K for greyhounds)
- don't invest where the scans are running slow as this could be an indication that the TAB websites or your internet is running slow/frozen
- don't invest if the field is selected against the favourite
- don't run the software on a network as this will slow the speed of the scans
- don't invest in country events, stick to major metropolitan events
- don't invest when only 1 competitor is selected
- don't invest in an event with only a small field of competitors

Trainers will teach you how to maximise your chance of making a profit from each event and it's by following these guidelines that will ensure your success. As clients will not retain most of the information taught to them during the training sessions, it is encouraged to contact their trainers (where one has been allocated), contact the "help desk" service (available 24/7 anywhere around the world) or call 1800 number to clarify or request assistance.

If you wish to protect yourself against any losses, then do yourself a favour and conduct regular papertrades to aquaint yourself with the softwares capabilities and gather information on the specific events/industry so that you can maximise your position in earning money.

This is the most stable industry to make money from when you look at two constants: time and money. Stocks, futures, property, currencies etc. are volatile markets compared to this. Understand the software and you'll understand why.

Now, in regards to "discrepancies" regarding "controlled" environments versus "real life" conditions, even a reasonable person would understand that again you cannot manipulate airwaves hence even in a "controlled" environment, you have to ask how over a series of events that the software is able to produce positive results that would otherwise be rediculous to replicate in real life without the aid of this software.

Now, the issue was raised in regards to the software working for some and not for others. Stop and think about this comment as it is very contradictory. The software is clearly working otherwise it would be expected that everyone lost their money! There have been some notably successful users of this program listed above, why not stop the bickering and ask them "why have you been successful at using the program? What are you doing differently to me?"

The evidence is conclusive. The software is simply doing its job and when you make a positive return, this is simply a by-product of its formula and accuracy. Yes, due to the fact that their are animals/humans involved, unforseen circumstances will impede the results that you would expect to achieve, and that is why consultants set the expectation that you will incur some loss and again...do yourself a favour and do papertrades before each live trade to familiarise yourself with that situation on the day. Each day may be different to the last.

In regards to the producers marketing to other people instead of staying at home and using it themselves. You clearly have no perception of how very successful people make their money. Why do you think franchises, Microsoft, car manufacturers etc. share their product? Because they make more money in selling the product to others (and yes, they can still use their own product in the meantime!)

Finally, like any reputable company, Softholdings has every right to request that you withdraw your damning comments from this website as it is defamatory. Unless you have conclusive evidence that the product does not work then, you are defaming the company and risk losing even more money in law suits of which you would be hard pressed to win based on your own unsuccessful attempt at using the software.

If you have been unsuccessful using the software, don't waste time perusing websites like this. Why not search for websites where successful users are sharing ideas and try and take something away from their own experiences?

You can only learn from your mistakes (avoid repeating the same errors, you'll be that much better off), give the software another go and papertrade, talk to other users who've had better luck, learn about the industry in which you wish to invest (horses, trots, footy etc.).

Best of luck. Stop being negative and work with what you have learnt.

P.S. Every company and product has its abusers. In the eyes of a reasonable skeptic, the product MUST be working for someone and therefore MUST work for everyone else provided you all use it in the same way. Think about it.


Richard

Gosford,
Australia,
Australia
sevens sunrise

#59UPDATE EX-employee responds

Wed, November 10, 2004

Dear All,

I have initiated contact with Sevens Sunrise programme. If we all continue to contact them and bombard them with complaints, they will have to look at us seriously.

The only way to achieve anything is to stand as a group rather than an individual.

I have also done likewise with the Office of Fair Trading who are more than interested in pursuing this matter. Am currently dealing with branch manager at the Southport office.

Lets give them a nice Christmas present.


Luke

Townsville,
Australia,
Australia
lol, can't help myself

#60REBUTTAL Individual responds

Wed, November 10, 2004

my previous post was going to be my last post, and i swear this one will be. what can i say, i love stepping on idiots and i just can't help myself this time.

"So Luke, you say the software is designed to generate an income of (approximately) $50,000 a year. I assume that would be for each TAB account, correct? (Pat - Gilbert, Arizona)"

erm, WRONG! once again proving that you got absolutely NO idea about what the hell you're talking about at all.

ps. you're still the stupid one.

oh, and you should really stop posting Pat, you're making the people trying to make me look bad, look bad themselves...


Pat

Gilbert,
Arizona,
U.S.A.
One more thing to add to Luke.

#61Consumer Comment

Tue, November 09, 2004

So Luke, you say the software is designed to generate an income of (approximately) $50,000 a year. I assume that would be for each TAB account, correct?

Now follow along, because here's where it gets logical (we'll pretend for now that you can think logically):

The creator of the software can make $50,000 on one TAB account. Why not create 20 TAB accounts (an investment of $20,000), and earn $50,000 on each? That comes out to $1M per year.

So if the software works as advertised, then still there should be no reason to have to go through all this marketing to other people crap.

Who's the stupid one now?


Luke

Townsville,
Australia,
Australia
omg, how did i get mis-understood?

#62REBUTTAL Individual responds

Tue, November 09, 2004

obviously i didn't make myself very clear the first time. I'm saying DON'T buy the software!, STAY poor!, YES i WOULD like some fries with that burger!

..................
At risk of getting involved in an argument which the Investment people always have an answer for anyway I cannot help but respond to Sean's comment.

"Well having a knowledge of serious gambling and investment myself as I turnover thousands of dollars per week"

Seriously Sean - a genuine and happy owner of such investment would have no need to berate poor old Luke from Townsville.

(anyone else smell a hypocrite?)
..................

and Drew, You're just an idiot born with four left feet or some retard that couldn't work a mouse properly. Extend of my intelligence?, you lost money on a computer programe that was created for the simplicity of a child!, you'd probably even fail a blood test!

Truth is Drew, You are the ONLY person you know that this software doesn't work for. hell, i don't even think you have this software. i think you're from a competitor company trying to slander soft holdings.

why am i here?, because i too was approached by soft holdings. and because i also came on this website and read the bullsh!t you people put here and i believed it. and i held back for months before i bought this. and i could have had my capital back months ago. So i'm here, saying whatever the hell i want as an owner of this software. besides Drew who "claims" to even own this software, the rest of you are a bunch of hags just hanging around giving your bullsh!t inputs into something you obviously know nothing about. Put you in a dress and orange wig and you'd in the "i love lucy" conventions. i AM an investor, you're all just b!tches and you can kiss my a$$ if you don't like what i say.


Richard

Gosford,
Australia,
Australia
excellent response drew - coincidence that all persons connected to this company are rude, obnoxious, and abusive

#63UPDATE EX-employee responds

Tue, November 09, 2004

It most certainly is a coincidence that all persons connected to this company are rude, obnoxious, and abusive. One of the reasons I left there myself.

Pat in Arizona I presume was only expressing an opinion and point with regards t the software and the company. She certainly does not deserve the abuse that has followed.

The software works brilliantly until you are trading live. This is why so many people are still buying the product.

There is no way they can manipulate the airwaves, I will give them that.

What the can't, and do not do is honour their program guarantee, nor do they give additional help and support to purchasers of the product.

It is as you say clear that the software does not work for everyone, which is a very diplomatic way of phrasing it. I seriously question whether it works for anyone.

Not that this is important because even if it fails for a few people the guarantee and support should still be there. It is not.

To the best of my knowledge Scott Emerton is his real name, though it would be of no surprise to discover otherwise. The manager, or Jason W, is not using his real name so I would not be surprised.

Drew, if their is anything I am able to do to help you with this, please ask. Any questions you have please ask, and I shall reply immediately to you via this site.


Richard

Gosford,
Australia,
Australia
excellent response drew - coincidence that all persons connected to this company are rude, obnoxious, and abusive

#64UPDATE EX-employee responds

Tue, November 09, 2004

It most certainly is a coincidence that all persons connected to this company are rude, obnoxious, and abusive. One of the reasons I left there myself.

Pat in Arizona I presume was only expressing an opinion and point with regards t the software and the company. She certainly does not deserve the abuse that has followed.

The software works brilliantly until you are trading live. This is why so many people are still buying the product.

There is no way they can manipulate the airwaves, I will give them that.

What the can't, and do not do is honour their program guarantee, nor do they give additional help and support to purchasers of the product.

It is as you say clear that the software does not work for everyone, which is a very diplomatic way of phrasing it. I seriously question whether it works for anyone.

Not that this is important because even if it fails for a few people the guarantee and support should still be there. It is not.

To the best of my knowledge Scott Emerton is his real name, though it would be of no surprise to discover otherwise. The manager, or Jason W, is not using his real name so I would not be surprised.

Drew, if their is anything I am able to do to help you with this, please ask. Any questions you have please ask, and I shall reply immediately to you via this site.


Richard

Gosford,
Australia,
Australia
excellent response drew - coincidence that all persons connected to this company are rude, obnoxious, and abusive

#65UPDATE EX-employee responds

Tue, November 09, 2004

It most certainly is a coincidence that all persons connected to this company are rude, obnoxious, and abusive. One of the reasons I left there myself.

Pat in Arizona I presume was only expressing an opinion and point with regards t the software and the company. She certainly does not deserve the abuse that has followed.

The software works brilliantly until you are trading live. This is why so many people are still buying the product.

There is no way they can manipulate the airwaves, I will give them that.

What the can't, and do not do is honour their program guarantee, nor do they give additional help and support to purchasers of the product.

It is as you say clear that the software does not work for everyone, which is a very diplomatic way of phrasing it. I seriously question whether it works for anyone.

Not that this is important because even if it fails for a few people the guarantee and support should still be there. It is not.

To the best of my knowledge Scott Emerton is his real name, though it would be of no surprise to discover otherwise. The manager, or Jason W, is not using his real name so I would not be surprised.

Drew, if their is anything I am able to do to help you with this, please ask. Any questions you have please ask, and I shall reply immediately to you via this site.


Richard

Gosford,
Australia,
Australia
excellent response drew - coincidence that all persons connected to this company are rude, obnoxious, and abusive

#66UPDATE EX-employee responds

Tue, November 09, 2004

It most certainly is a coincidence that all persons connected to this company are rude, obnoxious, and abusive. One of the reasons I left there myself.

Pat in Arizona I presume was only expressing an opinion and point with regards t the software and the company. She certainly does not deserve the abuse that has followed.

The software works brilliantly until you are trading live. This is why so many people are still buying the product.

There is no way they can manipulate the airwaves, I will give them that.

What the can't, and do not do is honour their program guarantee, nor do they give additional help and support to purchasers of the product.

It is as you say clear that the software does not work for everyone, which is a very diplomatic way of phrasing it. I seriously question whether it works for anyone.

Not that this is important because even if it fails for a few people the guarantee and support should still be there. It is not.

To the best of my knowledge Scott Emerton is his real name, though it would be of no surprise to discover otherwise. The manager, or Jason W, is not using his real name so I would not be surprised.

Drew, if their is anything I am able to do to help you with this, please ask. Any questions you have please ask, and I shall reply immediately to you via this site.


Sean

Sydney,
Australia,
Australia
Luke seems a little too passionate about all this

#67Consumer Comment

Tue, November 09, 2004

Luke is more likely an owner or other person with a vested interest in ongoing sales of this deceitful software.

Note how he launches into a barrage of abuse. Note how he attempts to belittle other persons who do not have the software.

At risk of getting involved in an argument which the Soft people always have an answer for anyway I cannot help but respond to Luke's comment.

"You can't be THAT stupid, the soft ware is designed to only make approx 50 thousand dollars a year, that might be enough to pay for your caravan rental and daily mayonaise sandwiches but hell no it's not enough."

Well having a knowledge of serious gambling and investment myself as I turnover thousands of dollars per week - there is no logical and truthful reason why the software would only be designed to make a certain amount each year. The betting pools in use (the TAB's) would support a far larger income over a year if the method worked. The $50,000 figure is just a figure they plucked from the air for who knows what reason.

Seriously Luke - a genuine and happy owner of the software would have no need to berate poor old Pat from Arizona. Such a person (who I dont believe even exists) would more likely add a believable rebuttal to this site.


Pat

Gilbert,
Arizona,
U.S.A.
So why even bother posting Luke?

#68Consumer Comment

Tue, November 09, 2004

Luke,

If you truly "don't give a crap" about any of us, why even bother to post a response?

If it works for you, great. I for one still don't buy it. If it sounds too good to be true, then it probably is.

And by the way, my comments about live broadcasts are accurate, IF one is in a controlled environment, as I stated in my post. Live broadcast signals can be delay-broadcast, if one has the proper receiving and broadcasting equipment.

So if it IS working for you, then why don't you just "sit back and SHUT THE F*** UP"? Or do you have a vested interest in this product? Is that why your panties are in a bunch?


Drew

Adelaide,
Australia,
Australia
Typical Unintelligent Response from Pro Softholdings Fool

#69Author of original report

Tue, November 09, 2004

Why is it that everyone I come across who are for this company are just plain rude and abusive? Is this just coincidence?

I wonder which staff member wrote Luke from Townsville's response? Just like so called Jason from the Gold Coast.

You people really do not want to see the facts as they stand. I have never said the system does not work for everyone. The fact is I do not know!! What I do know is it did not work for me and many others. And when it came to getting our money back we found out that we had been ripped off by an organisation that never intended to give us our money back. A bunch of unscrupulous people who know how to flout the law.

Good luck to all the people earning $7.00 dollars an hour at McDonalds. You are the salt of the earth. Good people who make the world a place worth living in. Unlike fools like Luke who try their hardest to make the world not worth living in. I would rather earn one dollar honestly than one million dollars dishonestly.

I am surprised that Luke's comments were allowed on this site considering the fowl and abusive language. However I am delighted to see the comments as this shows everyone the extent of your intelligence.

I was threatened with massive law suites if I did not remove my comments from this site. Well I have not removed the comments and no law suites have been forth coming. I would love the chance to stand up in court and expose this organisation. I would also relish the publicity this would bring through current affairs programs. I am trying to get together a number of similarly effected people to start a class action against Soft Holdings. I am also looking at pursuing David Scott Emmerton in a civil action. Of course if that is his real name.

So contact me through this site if you are interested. Keeping up the fight


Luke

Townsville,
Australia,
Australia
RE: Pat-Gillbert

#70REBUTTAL Individual responds

Mon, November 08, 2004

G >I have read both reports regarding Soft Holdings, and gather that they are selling software that will accurately predict (according to them) the outcome of horse races.

L > so what you're saying is you don't really know anything other than what you've read from the haters on this site?

G >My question is, if this software truly works as advertised, then why doesn't the creator(s) just sit back and watch the money roll in? Why bother with sales, marketing, training, support, etc?

L >You can't be THAT stupid, the soft ware is designed to only make approx 50 thousand dollars a year, that might be enough to pay for your caravan rental and daily mayonaise sandwiches but hell no it's not enough.

G >The only answer to these questions can be that the software does NOT work as advertised.

L >Well obviously that's the only answers, oh yee ignorant inbred.

G >Someone said something about being unable to tamper with live TV and radio broadcasts. I can attest that it CAN, and in this case, most likely is being done. Especially if you are in a controlled environment while viewing a "live demonstration".

L >Think we're all by now sure that even if this soft ware works or not, you're an absoloute idiot. Live media is controlled by the independant broadcasting coporation and CANNOT be tampered with. so why don YOU sit back and SHUT THE F*** UP

and for the rest of you, I have this software myself, and it WORKS. but hell, since i don't give a crap about any of you. You can all stay close and small minded and work hard for your $7 an hour after tax at macdonalds. Or maybe you can start bitching about jonnhy howard's tax laws and complain why you're always struggling for money. screw it, i'm sure u idiots will find something else to b***h about anyway.


Pat

Gilbert,
Arizona,
U.S.A.
The "Too good to be true" rule applies here.

#71Consumer Comment

Thu, November 04, 2004

Greetings all,

I have read both reports regarding Soft Holdings, and gather that they are selling software that will accurately predict (according to them) the outcome of horse races.

My question is, if this software truly works as advertised, then why doesn't the creator(s) just sit back and watch the money roll in? Why bother with sales, marketing, training, support, etc?

The only answer to these questions can be that the software does NOT work as advertised.

Someone said something about being unable to tamper with live TV and radio broadcasts. I can attest that it CAN, and in this case, most likely is being done. Especially if you are in a controlled environment while viewing a "live demonstration".

If it sounds too good to be true, it probably is.

Good luck to those of you fighting this fraudulent organization.


Richard

Gosford,
Australia,
Australia
Full agreement with complaints-EX STAFF

#72UPDATE EX-employee responds

Sat, October 30, 2004

Dear All,

Finally something you have quite possibly all been waiting for- an ex employee who will tell the truth!!!

I worked for the company from March through until approximately Mid September 04 and can confirm everything written above is correct....other than ex employee Jason W's comments, which read very similar to how the manager of the office dictates proceedings.

Certainly in my time there I did not know of,or see anyone called Jason W selling the software. This was in an office which grew from about 15-35 sales consultants. I do not think I am blind.

All staff are told, and strongly advised not to have personal contact with clients, as IF the CLIENT stuffs up the software they will pester the individual!!! The fact that I now know it doesn't work is highly irrelevant.

The membership onselling rights included as a CLOSING method are absolutely worthless as nobody is going to be buying a program they see losing you a lot of dollars!!

Unortunately not enough people view and see this site, and therefore they are still selling approximately 15+ per week. Can you imagine the impact this is having on single income families? Destroying them no doubt.

Training is so good as in many cases people are persuaded to remortgage their property or seek personal finance to the sum of ten thousand bucks or more.

In response to Jason W's comments, you certainly see the software working accurately, but what you do not see is the software linked to your live TAB account. Simply because it doesn't work.

All the rubbish regarding training, and on going support are complete and utter trash. The support is their for a little while until you become a PEST and are ignored.

Hong Kong is merely a smokescreen, and it is a widely held conception in the office that your training, which is allegedly conducted via the HK office, is actually completed through the Gold Coast office, as NO staff are permitted into the administration side of the building. Surely security would only be so high if there was something to hide? There is no cash on the premises as all purchases are sent via Hong Kong.

The reason they are able to operate in Australia is because they are allegedly on sellers of the product and the 'salesroom.net' have the contract to sell it. This is why there is no listing of softholdings in Australia. To route a numnber via anywhere is childs play, and this is the sole reason they are able to operate outside of Australian law.

Incidentally, the manager in the office whom many of you have possibly spoken to, is not even using his real name, he is using an assumed surname, or possibly his wifes maiden name.

It is also apparant that the director/owner of the salesroom.net or softholdings, is actually the political cartoonist Larry Pickering. Both he and his son(s) own several investment software programs ranging from stocks and shares, through to racing packages. I dare say that there are a few people involved.

I can confirm that even if you hang up we were told to ring back and hassle, hassle, hassle until the client gave in.

The selling methods used are very powerful and are nothing like anything you would have experienced previously. To check them out, I would urge you to purchase a copy of a Tom Hopkins book, then you to can sell crap for fun.

I don't think I have omitted anything, though if I have I will add it on.

I will only converse with persons via this website for safety, and secure reasons.

Kindest regards,

Richard(I will admit, this is an assumed name)


Richard

Gosford,
Australia,
Australia
Full agreement with complaints-EX STAFF

#73UPDATE EX-employee responds

Sat, October 30, 2004

Dear All,

Finally something you have quite possibly all been waiting for- an ex employee who will tell the truth!!!

I worked for the company from March through until approximately Mid September 04 and can confirm everything written above is correct....other than ex employee Jason W's comments, which read very similar to how the manager of the office dictates proceedings.

Certainly in my time there I did not know of,or see anyone called Jason W selling the software. This was in an office which grew from about 15-35 sales consultants. I do not think I am blind.

All staff are told, and strongly advised not to have personal contact with clients, as IF the CLIENT stuffs up the software they will pester the individual!!! The fact that I now know it doesn't work is highly irrelevant.

The membership onselling rights included as a CLOSING method are absolutely worthless as nobody is going to be buying a program they see losing you a lot of dollars!!

Unortunately not enough people view and see this site, and therefore they are still selling approximately 15+ per week. Can you imagine the impact this is having on single income families? Destroying them no doubt.

Training is so good as in many cases people are persuaded to remortgage their property or seek personal finance to the sum of ten thousand bucks or more.

In response to Jason W's comments, you certainly see the software working accurately, but what you do not see is the software linked to your live TAB account. Simply because it doesn't work.

All the rubbish regarding training, and on going support are complete and utter trash. The support is their for a little while until you become a PEST and are ignored.

Hong Kong is merely a smokescreen, and it is a widely held conception in the office that your training, which is allegedly conducted via the HK office, is actually completed through the Gold Coast office, as NO staff are permitted into the administration side of the building. Surely security would only be so high if there was something to hide? There is no cash on the premises as all purchases are sent via Hong Kong.

The reason they are able to operate in Australia is because they are allegedly on sellers of the product and the 'salesroom.net' have the contract to sell it. This is why there is no listing of softholdings in Australia. To route a numnber via anywhere is childs play, and this is the sole reason they are able to operate outside of Australian law.

Incidentally, the manager in the office whom many of you have possibly spoken to, is not even using his real name, he is using an assumed surname, or possibly his wifes maiden name.

It is also apparant that the director/owner of the salesroom.net or softholdings, is actually the political cartoonist Larry Pickering. Both he and his son(s) own several investment software programs ranging from stocks and shares, through to racing packages. I dare say that there are a few people involved.

I can confirm that even if you hang up we were told to ring back and hassle, hassle, hassle until the client gave in.

The selling methods used are very powerful and are nothing like anything you would have experienced previously. To check them out, I would urge you to purchase a copy of a Tom Hopkins book, then you to can sell crap for fun.

I don't think I have omitted anything, though if I have I will add it on.

I will only converse with persons via this website for safety, and secure reasons.

Kindest regards,

Richard(I will admit, this is an assumed name)


Richard

Gosford,
Australia,
Australia
Full agreement with complaints-EX STAFF

#74UPDATE EX-employee responds

Sat, October 30, 2004

Dear All,

Finally something you have quite possibly all been waiting for- an ex employee who will tell the truth!!!

I worked for the company from March through until approximately Mid September 04 and can confirm everything written above is correct....other than ex employee Jason W's comments, which read very similar to how the manager of the office dictates proceedings.

Certainly in my time there I did not know of,or see anyone called Jason W selling the software. This was in an office which grew from about 15-35 sales consultants. I do not think I am blind.

All staff are told, and strongly advised not to have personal contact with clients, as IF the CLIENT stuffs up the software they will pester the individual!!! The fact that I now know it doesn't work is highly irrelevant.

The membership onselling rights included as a CLOSING method are absolutely worthless as nobody is going to be buying a program they see losing you a lot of dollars!!

Unortunately not enough people view and see this site, and therefore they are still selling approximately 15+ per week. Can you imagine the impact this is having on single income families? Destroying them no doubt.

Training is so good as in many cases people are persuaded to remortgage their property or seek personal finance to the sum of ten thousand bucks or more.

In response to Jason W's comments, you certainly see the software working accurately, but what you do not see is the software linked to your live TAB account. Simply because it doesn't work.

All the rubbish regarding training, and on going support are complete and utter trash. The support is their for a little while until you become a PEST and are ignored.

Hong Kong is merely a smokescreen, and it is a widely held conception in the office that your training, which is allegedly conducted via the HK office, is actually completed through the Gold Coast office, as NO staff are permitted into the administration side of the building. Surely security would only be so high if there was something to hide? There is no cash on the premises as all purchases are sent via Hong Kong.

The reason they are able to operate in Australia is because they are allegedly on sellers of the product and the 'salesroom.net' have the contract to sell it. This is why there is no listing of softholdings in Australia. To route a numnber via anywhere is childs play, and this is the sole reason they are able to operate outside of Australian law.

Incidentally, the manager in the office whom many of you have possibly spoken to, is not even using his real name, he is using an assumed surname, or possibly his wifes maiden name.

It is also apparant that the director/owner of the salesroom.net or softholdings, is actually the political cartoonist Larry Pickering. Both he and his son(s) own several investment software programs ranging from stocks and shares, through to racing packages. I dare say that there are a few people involved.

I can confirm that even if you hang up we were told to ring back and hassle, hassle, hassle until the client gave in.

The selling methods used are very powerful and are nothing like anything you would have experienced previously. To check them out, I would urge you to purchase a copy of a Tom Hopkins book, then you to can sell crap for fun.

I don't think I have omitted anything, though if I have I will add it on.

I will only converse with persons via this website for safety, and secure reasons.

Kindest regards,

Richard(I will admit, this is an assumed name)


Drew

Adelaide,
Australia,
Australia
Soft Holdings Employees Believe Propaganda

#75Author of original report

Tue, September 28, 2004

Hello Jason,

I am offended by your comment that I did not have enough money in my account. I have stated before in my story and to Soft Holdings themselves many times that I had in my account what they told me to have. I lost this amount and then put more in (again on their advice). I then lost this amount. To have had enough money in the account it would have needed to be about $5,400. I did not even have this much money so obviously I could not put it in the account. If I had been told that this was the sort of money needed I can assure you that I would not have bought the program in the first place. I might add that on that particular day if I did have that much money and had made that bet it would have lost. Then where would I have been, what would the next bet have to have been? I also state catorgorically and without reservation that I followed the criterior given to me by the letter. The fact is you are dealing with a live animal and at all times not every factor can be taken into account. Sometimes things do go wrong!!

You say you sold this program to many people and that you are proud of this. Well I bought the program off Ryan and have not spoken to him since. He probably says the same thing as you. I have corresponded with numerous people who have also been ripped off by Soft Holdings. Perhaps you sold one of these people a program. How would you know? Personal phone numbers are not given out and do you really think when someone complains to the company that they are going to tell you. That would not be a good way to keep employees happy. The only number given is a Hong Kong number and I can assure you that they don't care. I have been told blatently on the phone that Australian Laws don't count in Hong Kong and they don't care!!!!

The big problem comes with a clause in the contract which says you agree to do what the program tells you to. The program will always tell you to make the next bet, always. So no matter how many times there is a loss the program will tell you to make the next bet. Even if you have to put in $100,000 or more the program will tell you to do this. If you don't do this you are in breach of the contract. Therefore the guarantee is absolutely worthless. Soft Holdings misled me as to how much is needed to run the program. I was told $1000 would run it. Then $2000 and when I lost this I was told it should be more like $3000. When I tried to actually get a committment from Soft Holdings as to how much should be in the account I could not get one. I was told you need as much as will cover your losses. Again I state had this been told to me in the first place I would not have bought the program. It is absolutely ludicrous to expect someone who has not used the program before to know how much he should have in his account. And Soft Holdings will not tell. Did you ever wonder why all the criterior for running the program was not simply written down and given to people to follow. If I had in writing what I was told was needed to run the program I would not have a problem today.

I'd like to tell you a story about a mate who's father owned race horses. One Adelaide Cup he came back from the stables telling us to back his horse as the strong word around the stables was that it was a sure thing. Trainers, jockeys and all of us backed this horse. No doubt the program would have picked up this late money and said to bet on this horse to. Well the horse didn't even finish the race. Someone had put a nail through it's foot when they were shoeing it. So again I say when dealing with live animals, not all things can be predicted.

I am glad if the program works for some people. That's great. My gripe is that it does not work for everone and Soft Holdings do not refund money, because of the clause mentioned earlier. I challenged them to produce a list of names of people who have had their money refunded. Of course none was forthcoming. I even said if you never give refunds and you know this and know you will never have to, but still offer a money back guarantee, then this is tantamount to fraud. Still nothing was forthcoming.

So if I were you I would look for some more facts rather than the obviously in their favour information that they are going to feed you.

Truthfully


Drew

Adelaide,
Australia,
Australia
Soft Holdings Employees Believe Propaganda

#76Author of original report

Tue, September 28, 2004

Hello Jason,

I am offended by your comment that I did not have enough money in my account. I have stated before in my story and to Soft Holdings themselves many times that I had in my account what they told me to have. I lost this amount and then put more in (again on their advice). I then lost this amount. To have had enough money in the account it would have needed to be about $5,400. I did not even have this much money so obviously I could not put it in the account. If I had been told that this was the sort of money needed I can assure you that I would not have bought the program in the first place. I might add that on that particular day if I did have that much money and had made that bet it would have lost. Then where would I have been, what would the next bet have to have been? I also state catorgorically and without reservation that I followed the criterior given to me by the letter. The fact is you are dealing with a live animal and at all times not every factor can be taken into account. Sometimes things do go wrong!!

You say you sold this program to many people and that you are proud of this. Well I bought the program off Ryan and have not spoken to him since. He probably says the same thing as you. I have corresponded with numerous people who have also been ripped off by Soft Holdings. Perhaps you sold one of these people a program. How would you know? Personal phone numbers are not given out and do you really think when someone complains to the company that they are going to tell you. That would not be a good way to keep employees happy. The only number given is a Hong Kong number and I can assure you that they don't care. I have been told blatently on the phone that Australian Laws don't count in Hong Kong and they don't care!!!!

The big problem comes with a clause in the contract which says you agree to do what the program tells you to. The program will always tell you to make the next bet, always. So no matter how many times there is a loss the program will tell you to make the next bet. Even if you have to put in $100,000 or more the program will tell you to do this. If you don't do this you are in breach of the contract. Therefore the guarantee is absolutely worthless. Soft Holdings misled me as to how much is needed to run the program. I was told $1000 would run it. Then $2000 and when I lost this I was told it should be more like $3000. When I tried to actually get a committment from Soft Holdings as to how much should be in the account I could not get one. I was told you need as much as will cover your losses. Again I state had this been told to me in the first place I would not have bought the program. It is absolutely ludicrous to expect someone who has not used the program before to know how much he should have in his account. And Soft Holdings will not tell. Did you ever wonder why all the criterior for running the program was not simply written down and given to people to follow. If I had in writing what I was told was needed to run the program I would not have a problem today.

I'd like to tell you a story about a mate who's father owned race horses. One Adelaide Cup he came back from the stables telling us to back his horse as the strong word around the stables was that it was a sure thing. Trainers, jockeys and all of us backed this horse. No doubt the program would have picked up this late money and said to bet on this horse to. Well the horse didn't even finish the race. Someone had put a nail through it's foot when they were shoeing it. So again I say when dealing with live animals, not all things can be predicted.

I am glad if the program works for some people. That's great. My gripe is that it does not work for everone and Soft Holdings do not refund money, because of the clause mentioned earlier. I challenged them to produce a list of names of people who have had their money refunded. Of course none was forthcoming. I even said if you never give refunds and you know this and know you will never have to, but still offer a money back guarantee, then this is tantamount to fraud. Still nothing was forthcoming.

So if I were you I would look for some more facts rather than the obviously in their favour information that they are going to feed you.

Truthfully


Jason

Gold Coast,
Australia,
Australia
Ex Employee sold many programs to people from all walks of life

#77UPDATE EX-employee responds

Sun, September 26, 2004

Hello all , My name is Jason W., and i am an ex-employee of Softholdings Ltd HK. I worked for soft holdings for a period of 2 years up until august '04.

During my time at the company i am proud to say that i sold many programs to people from all walks of life enabling them to make an extra source of income.

In response to "Drew" from SA , i must say that you obviously bought this software for a reason , my guess is that you were shown this product in a live trading environment with your own cable tv or radio so that you could listen in to the events as they happend and see the accuracy of the product for yourself. You obviously wouldnt have bought the product if it did not work under your self addmitted very sceptical eye , am i correct?

The trainers with this company in HK are more than willing to retrain anybody experiencing difficulty with the simplicity of using this program so they too can gereate an extra income. There are a number of criteria you should avoid when using the software all of which myself of the trainers im sure would be happy to tell you. The program tracks flows and fluctuations of money to give us a key to the outcome of the event.

My cousin is a very high ranking officer in the fed.police and the way that they track criminals is by flows and fluctuations of money. The way share traders work is by following flows and fluctuations of money. the guarantee states that after six months if u have not achieved the full purchase price of the product back then the excess will be refunded .

Another condition states that at all times you must have sufficient funds in your account to cover any investments the program needs to make to cover your investment strategy.You obviously havent done that which means you have violated the contract therfore not entitled to a refund like any other company would say if u violate a contract. i suggest you do some retraining so you can start generating this extra income .
Thankyou


Cameron

Brisbane,
Australia,
Australia
Maybe it is time to shut them down for good

#78Consumer Comment

Fri, September 17, 2004

Hello Drew, I have taken a great interest in Soft Holdings lately as they are chasing me for the third time in 2 years.

This time they may be in trouble because I feel I have a moral obligation to stop these people from ripping off consumers.

They have an amazing asenal at their disposal. They are well funded, professional in their sales approach and relentless.

The most fearsome thing of all is that their whole concept they use to sell their product sounds completeley believable, yet it is completely flawed.

I am initiating contact with fair trading office here in Queensland and have undertaken to spearhead an investigation into taking them down.

We will see what the next few weeks brings. I am happy for you to make contact me via this site if you wish to ask the owners for my contact email address.


Cameron

Brisbane,
Australia,
Australia
Maybe it is time to shut them down for good

#79Consumer Comment

Fri, September 17, 2004

Hello Drew, I have taken a great interest in Soft Holdings lately as they are chasing me for the third time in 2 years.

This time they may be in trouble because I feel I have a moral obligation to stop these people from ripping off consumers.

They have an amazing asenal at their disposal. They are well funded, professional in their sales approach and relentless.

The most fearsome thing of all is that their whole concept they use to sell their product sounds completeley believable, yet it is completely flawed.

I am initiating contact with fair trading office here in Queensland and have undertaken to spearhead an investigation into taking them down.

We will see what the next few weeks brings. I am happy for you to make contact me via this site if you wish to ask the owners for my contact email address.


Cameron

Brisbane,
Australia,
Australia
Maybe it is time to shut them down for good

#80Consumer Comment

Fri, September 17, 2004

Hello Drew, I have taken a great interest in Soft Holdings lately as they are chasing me for the third time in 2 years.

This time they may be in trouble because I feel I have a moral obligation to stop these people from ripping off consumers.

They have an amazing asenal at their disposal. They are well funded, professional in their sales approach and relentless.

The most fearsome thing of all is that their whole concept they use to sell their product sounds completeley believable, yet it is completely flawed.

I am initiating contact with fair trading office here in Queensland and have undertaken to spearhead an investigation into taking them down.

We will see what the next few weeks brings. I am happy for you to make contact me via this site if you wish to ask the owners for my contact email address.


Cameron

Brisbane,
Australia,
Australia
Maybe it is time to shut them down for good

#81Consumer Comment

Fri, September 17, 2004

Hello Drew, I have taken a great interest in Soft Holdings lately as they are chasing me for the third time in 2 years.

This time they may be in trouble because I feel I have a moral obligation to stop these people from ripping off consumers.

They have an amazing asenal at their disposal. They are well funded, professional in their sales approach and relentless.

The most fearsome thing of all is that their whole concept they use to sell their product sounds completeley believable, yet it is completely flawed.

I am initiating contact with fair trading office here in Queensland and have undertaken to spearhead an investigation into taking them down.

We will see what the next few weeks brings. I am happy for you to make contact me via this site if you wish to ask the owners for my contact email address.


Drew

Adelaide,
Australia,
Australia
NO JOY FROM UNSCRUPULOUS COMPANY

#82Author of original report

Fri, July 09, 2004

Just a quick note to let everyone know what has transpired since I posted my last report.
Firstly I received no refund. I have managed to contact numerous people who have been treated the same way as myself by Soft Holdings Ltd. None of them have received their refund either. One person estimates he has stopped about 150 people from buying their gambling system. For this I applaude him wholeheartedly. These people need to be stopped.

Soft Holdings threatened me with a multi hundred thousand dollar law suit if I did not withdraw my comments about them from this site. I told them apart from the fact that I owned nothing so their threat was hollow to me I would withdraw nothing because what I have stated is the absolute truth and I am willing to stand up in any court and say so. In fact I would relish the opportunity of exposing their disgusting ripoff behaviour.

Everyones experience seems to be the same. Sometimes the system works for a short while (a very short while) then you lose all the money in your account because you experience three or more losses in a row. If you know the way the system works you would know this wipes out many thousands of dollars. Of course it would be stupid to put more in and then experience the same loss again but then they try and say "but you haven't traded for an entire six months" which they then try and say it says in the guarantee.

It actually does not say this in the guarantee, just "if you don't make your money back in six months you will get a refund". Nothing about actively trading for six months. Since I had no more money to put in I could not trade anymore and as I said you would be stupid to anyway. I mean if it happened once it will happen again.

They then told me they were sending me something in the mail. I was interested to see what this might be so I held off on any further action until it arrived. I don't know how they got my address to send something through the post since I never gave it to them so I was curious. Well nothing ever arrived (surprise surprise) so now I am back on the band wagon to let as many people know what this co. is like.

Anyway the long and short of it is I implor you 'DO NOT DEAL WITH SOFT HOLDINGS LTD THEY WILL RIP YOU OFF THEN TREAT YOU WITH CONTEMPT. THEY ARE NOT NICE PEOPLE TO DEAL WITH'.

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