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THE ADVERTISING STANDARDS Authority for Ireland (ASAI) has upheld a complaint made against a Donegal nightclub over a 99c pre-Christmas drinks promotion.
The complaint was lodged over a Facebook ad for a ‘Snow Rave’ on December 6 last at the The Pulse Venue in Letterkenny, where it was claimed drinks would cost 99c all night.
The ad also claimed there would be a fake snow machine, free Christmas crackers and sweets, and a Santa’s grotto present on the night, when DJ Chris Mac would be playing.
However, the ASAI was alerted after a complainant felt the advertisement was misleading for several reasons.
The complainant said that only one drink was sold to customers for 99c, that there was no fake snow machine, Christmas crackers, or sweets present on the night.
Meanwhile, the complainant also said there was no grotto or Santa in attendance, and that the DJ differed from the one advertised.
Despite being contacted by the ASAI, the advertisers failed to respond to the complaint, which the ASAI’s complaints committee concluded was in breach of sections 3.10, 4.1 and 4.4 of the Advertising Code.
The complaints committee expressed concern at the advertisers’ failure to respond to the complaint, and reminded them that there is an onus on advertisers to ensure their advertisements conform with the Advertising Code.
They upheld the complaint against The Pulse Venue, and said that the advertisement should not be used in the same format again.
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Sounds like a Ponzi scheme… Buy a share over the Internet in a place that could be a very artfully photographed Priory hall. Demand is high, the asset is way over valued. The initial investors cash out at the maximum and when the asset plummets in value and the shares become unsellable, the late investors loose everything. Also seems like it’s completely unregulated and open to abuse by those with inside information as to the value of the assets and property shares.
This sort of scam is nothing new, been several schemes shut down the UK selling people ‘shares’ in London green belt land and selling them on the fact that it could be reclassified for development and increase in value 100 fold.
Well, I guess we have learnt over the last few years that there is no shortage of gullible people out there when it comes to property, especially the Irish!
Crowdfunding? a bid like NAMA in ways.
Fianna Fail would love this…..
i doubt mr tully would appreciate seeing his house thats for sale for almost 450,000 being used at the top of this article
So more foreign direct investment ready to make our property crisis even worse. Good man Enda look the other way as usual.
Hmmmmm.
No bona fide purchaser for value without notice. What could possibly go wrong?
What has equity’s darling got to do with this; what am I missing?
Does this solve the homeless crisis in Ireland? Do we have the same population as the UK with ready cash? This business solution is well on the way by an Irish company by Irish people and they will only be investing in Social houses so we can solve our own problems thanks!
Some tips to reduce rents: (1) govt cancel new 4% prsi tax on rental income (2) govt cancel new 7% usc tax on rental income (3) treat landlords as a business meaning cancel the 25% reduction in mortgage interest against rental income for purpose of calculating tax liable income. All 3 plus property tax have lead in my case to an effective 26% increase in the cost of renting out property which ive not yet passed on. But many landlords in dublin have. Guys THE GOVT HAS TAXED RENT INTO OBLIVION and wonder why rents increase but oh yeah they dont tell Joe Soap this little secret. …..
A lot of women in UK. are using this type of “crowdfunding investment”, to have a property portfolio to eventually make themselves a good pension, time will tell if it works, to me there seems to be a lot of costs involved, for what you might get out of it. Will this start another property bubble? I think so I wouldn’t like to see this happening here again. I am very interested in what Louise has said, how would that work? Would there be rent controls, I heard a TD. talk about that, and said the leases would be 20 years, but these are families, only investors would tuff them out of their home! That won’t work., people need homes of their own,for life, to rent or buy,That is a real need in Irish people.
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