Automic Group

Terrible experience! Automic Group owe me money for Plenti shares that been sold under small shares parcel facility. It’s been 7 weeks since the transaction. Whenever I speak with their employees - they do confirm that the payment will be done within 2 weeks (lie) which is their normal payment cycle. Funny enough that they never can confirm the exact day of the next batch payment. And after 7 weeks I’m still waiting. Any ideas on how to get them to return my money?

Hi Generally do Ipo with Automic. And has done 4 times in our family. All the time money is refunded even I fill up the ipo on very first day . I have done IPO with other company as well. But Automic is the worst in that. Now when I see the Automic is the company then I stay away to fill Ipo of that company.

Unfortunately Automic seems to issue shares from IPOs to their friends (i.e. not retail investors) and Automic have no transparent procedures in place. I do not recommend to apply with IPOs through them as you only place money with them for their own benefits, not yours. Very disappointing behaviour of a company or their clients...My opinion is based on my personal experience with them.

Good group and very supportive of their clients in ways beyond stated offering.

do not trust them nothing but lies and Never use them