A new boat for a fiver

[ditchcrawler]

You could have the chance of wining a brand new narrowboat for a fiver it seams.

 

 

[MtB]

Who are "OAKHAMS"? I've never heard of 'em.

 

Also, the pic is of a bare shell worth nothing like £200k. 

 

 

[StephenA]

8 minutes ago, MtB said:

Who are "OAKHAMS"? I've never heard of 'em.

 

Also, the pic is of a bare shell worth nothing like £200k. 

 

 

Oakums apparently fit out Colecraft shells

[Guest]

8 minutes ago, MtB said:

Who are "OAKHAMS"? I've never heard of 'em.

 

Also, the pic is of a bare shell worth nothing like £200k. 

 

 

 

Presumably you've never heard of Google either?

 

https://oakums.co.uk/

[magnetman]

If the host fails to provide a prize...75% of ticket price. 

 

What a laugh!

Maybe this is normal in these situations. 

 

 

[MtB]

1 minute ago, magnetman said:

If the host fails to provide a prize...75% of ticket price. 

 

What a laugh!

 

I thought that too. 75% of the ticket sales are refunded - wide open to abuse and fraud!! 

 

In fact this whole offering might be exactly that. Imagine if OAKHAMS know nothing about this and the firm running it "Rafall" collects £200k in ticket sales. They then cancel the raffle, refund £150k and pocket a cool £50k for a few hours of work 'promoting' the non-existent prize.

[magnetman]

 

Does anyone actually do these competitions ? 

 

I am now wondering if there are some investors for my beer printer. 

3 minutes ago, MtB said:

 

I thought that too. 75% of the ticket sales are refunded - wide open to abuse and fraud!! 

 

In fact this whole offering might be exactly that. Imagine if OAKHAMS know nothing about this and the firm running it "Rafall" collects £200k in ticket sales. They then cancel the raffle, refund £150k and pocket a cool £50k for a few hours of work 'promoting' the non-existent prize.

 

I think what they actually mean is that the raffle winners get 75% of the proceeds rather than everyone getting a refund. Still seems scammy though. 

 

I imagine there is no boat in this story as there will be not enough participants.

 

Advertising ?

[StephenA]

Raffall are a platform that allows anyone to run a raffle - they take 10% of ticket sales.

[MtB]

10 minutes ago, magnetman said:

Still seems scammy though. 

 

 

Still IS scammy. No 'seems' about it.

 

Sell even a handful of tickets and hand out 75% of the take as the prize and keep 25% for yourself. What's not to like (for the promoters, that is)? 

 

 

 

 

10 minutes ago, magnetman said:

I am now wondering if there are some investors for my beer printer.

 

You have a beer printer? 

 

Brilliant eye deer, how do I invest?!!

 

Hang on, what sort of 'ink' does one have to put in it?

 

 

 

Edited April 26, 2023 by MtB

[Tracy D'arth]

There are enough idiots in the world for scammers like this to make a good easy living.

[howardang]

9 hours ago, M_JG said:

 

Presumably you've never heard of Google either?

 

https://oakums.co.uk/

Very helpful - not! Now where have I heard that  type of comment  before?

 

Howard

[matty40s]

Oakums have won best boat at Crick twice in the last few years. They have made traditional boatfitters wake up and take notice.

Nothing scammy about it, it's a modern way of raising finance to enhance a business.

[Mike Tee]

There’s an Oakham boat on the duck if anyone wants a look at what they build

[magnetman]

Do they do wooden boats?

[rusty69]

I wooden know. 

[magnetman]

Of caulks you woodn't. 

[MtB]

3 minutes ago, magnetman said:

Do they do wooden boats?

 

It's something they could branch out into.

 

 

 

[Guest]

1 hour ago, howardang said:

Very helpful - not! Now where have I heard that  type of comment  before?

 

Howard

 

Lol

 

The difference beIng I provided the search result.

[howardang]

36 minutes ago, M_JG said:

 

Lol

 

The difference beIng I provided the search result.

 Nit picking is still alive and well!

I provided information about where to look for some answers.  

 

Howard

[Tracy D'arth]

1 hour ago, matty40s said:

Oakums have won best boat at Crick twice in the last few years. They have made traditional boatfitters wake up and take notice.

Nothing scammy about it, it's a modern way of raising finance to enhance a business.

Well that is as you may believe but I would never do business with a company who used such practices. It does not enhance the business in my view.

[MtB]

2 hours ago, matty40s said:

Nothing scammy about it, it's a modern way of raising finance to enhance a business.

 

Really?

 

I have to say, on all the serious financial websites I ever read there is never a mention of this as a method of raising finance to 'enhance' a business.

 

Mostly it is done by share placings or borrowings. 

 

 

[StephenA]

Lets face it - at a fiver a ticket and a boat costing 208K they will never sell enough tickets to break even. So I suspect its a data gathering exercise so they can sell your details on to people and sometime in August someone might get a few K as a prize.

[Alan de Enfield]

Not sure about it being to to finance a company but it is very common method of charities raising money.

 

Surely you have seen the '£1m House for a £5' adverts on TV ?

 

A whole host of companies have set up to 'do everything' for the charity and take a cut of the takings - my experience is that they never sell the agreed minimum number of tickets, so they deuct their costs and just pay the rest to the charity - the house is never won.

[Tony Brooks]

1 minute ago, Alan de Enfield said:

Not sure about it being to to finance a company but it is very common method of charities raising money.

 

Surely you have seen the '£1m House for a £5' adverts on TV ?

 

A whole host of companies have set up to 'do everything' for the charity and take a cut of the takings - my experience is that they never sell the agreed minimum number of tickets, so they deuct their costs and just pay the rest to the charity - the house is never won.

 

If that is the case, then the people who licence lotteries need to take action as well a Consumer Protection. Unless the promoters can show a realistic chance of selling sufficient tickets for someone to actually win the prize, it can be nothing but a scam.

[MtB]

10 minutes ago, StephenA said:

Lets face it - at a fiver a ticket and a boat costing 208K they will never sell enough tickets to break even. So I suspect its a data gathering exercise so they can sell your details on to people and sometime in August someone might get a few K as a prize.

 

Quite. 

 

They'd need to sell 41,600 raffle tickets to even fund the price of the boat prize, plus a further 4,160 to fund the administration fees. 

 

I doubt they'll sell more than a few hundred. 

 

The closer one looks, the scummier it gets.