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sarkee - 20 Dec 2005 10:37
The 5 page write up by Simon Keane (starts on P20) of the current edition of Shares Mag is very revealing & only goes to confirm IMHO that if you swim with sharkes you will get eaten.
The seperate editorial on P6 was also very informative & helpful although stating one should be careful, it does seem to be the law of the jungle out there (kill or be killed), which is not how they present themselves, when one is cold called.
How long will it be before FSA wakes up & takes some real action against them remains to be seen, as this firm has had a very chequered past to say the least.
Q.How many people have been on the receiving end of the telephone transcript (published in the report) from this firm ?? it seems to ring a bell in my mind
There were 6 pages in total on this one controversial firm of brokers how many others have been caught in their web & lost capital in the process ??
The seperate editorial on P6 was also very informative & helpful although stating one should be careful, it does seem to be the law of the jungle out there (kill or be killed), which is not how they present themselves, when one is cold called.
How long will it be before FSA wakes up & takes some real action against them remains to be seen, as this firm has had a very chequered past to say the least.
Q.How many people have been on the receiving end of the telephone transcript (published in the report) from this firm ?? it seems to ring a bell in my mind
There were 6 pages in total on this one controversial firm of brokers how many others have been caught in their web & lost capital in the process ??
Andy
- 20 Dec 2005 11:18
- 2 of 93
sarkee,
Indeed, it's worhth buying Shares Magazine just to read that article alone this week IMO, the cover price could prove a bargain if it saves you from falling prey to that type of call in the future.
The FSA already have regulations in place that prevent companies from cold calling you to offer share purchases.
Sadly, Hoodless, and City Equities, as two examples, circumvent the rules by offering "free reports" on popular companies, and by requesting these, if you check the VERY SMALL print at the bottom of the page, you are agreeing for them to call you in the future, hence it's no longer a 'cold call'!
Pacific Securities were recently doing the same thing on emails I receive from news services. When you clicked the box to receive the report, the small print at the bottom gave the game away.
""There's no such thing as a free lunch", nor company report it would appear!
Well done for highlighting this to anyone new to the share game.
Indeed, it's worhth buying Shares Magazine just to read that article alone this week IMO, the cover price could prove a bargain if it saves you from falling prey to that type of call in the future.
The FSA already have regulations in place that prevent companies from cold calling you to offer share purchases.
Sadly, Hoodless, and City Equities, as two examples, circumvent the rules by offering "free reports" on popular companies, and by requesting these, if you check the VERY SMALL print at the bottom of the page, you are agreeing for them to call you in the future, hence it's no longer a 'cold call'!
Pacific Securities were recently doing the same thing on emails I receive from news services. When you clicked the box to receive the report, the small print at the bottom gave the game away.
""There's no such thing as a free lunch", nor company report it would appear!
Well done for highlighting this to anyone new to the share game.
WOODIE - 20 Dec 2005 11:29 - 3 of 93
about 5 years ago i was sent a offer of a free report by both hoddles & city equities what i did was leave the land line number empty and give your mobile number on the reply card,then after the first call look at the screen display of what the incoming call shows on the screen then when they call again do not answer it but cut them off,after a while they are wasting there time and soon after got feed up and stoped calling.hope this helps as a way of getting a free report then not commiting yourself.
little woman
- 20 Dec 2005 12:02
- 4 of 93
I'm amazed by this thread. I've used HB internet broking for years. Never had a call or e-mail from them.
But then I've never asked for a free report as I like to do my own research and not be swayed by someone elses "opinion".
But then I've never asked for a free report as I like to do my own research and not be swayed by someone elses "opinion".
sarkee - 20 Dec 2005 12:14 - 5 of 93
Andy Its reading & understanding all of the small print as at times I think I need a lawyer sitting on my shoulder plus a magnifying glass !!
I fail to understand why the FSA seems unable or unwilling to do anything about these types of firms once and for all. I wonder if this comes under some section of Human Rights and or Brussels EU laws as a means to stamping this out once & for all.
Woodie Re for your posting, in my experience with Hoodless they don't allow their number so it shows as number with held on landline & a private call on the mobile.....
I do hope that Shares Magazine takes these matters up with FSA very soon & then prints a detailed report for us all to read & be educated on navigating dangerous waters, along with how the regulator will be protecting our rights.
Little Woman May I suggest that you read the 6 page write up then, & perhaps ask the question why did Shares Magazine devote nearly 8% of the current issue to just this firm ??? I think they are making a very clear statement IMHO.
I fail to understand why the FSA seems unable or unwilling to do anything about these types of firms once and for all. I wonder if this comes under some section of Human Rights and or Brussels EU laws as a means to stamping this out once & for all.
Woodie Re for your posting, in my experience with Hoodless they don't allow their number so it shows as number with held on landline & a private call on the mobile.....
I do hope that Shares Magazine takes these matters up with FSA very soon & then prints a detailed report for us all to read & be educated on navigating dangerous waters, along with how the regulator will be protecting our rights.
Little Woman May I suggest that you read the 6 page write up then, & perhaps ask the question why did Shares Magazine devote nearly 8% of the current issue to just this firm ??? I think they are making a very clear statement IMHO.
Andy
- 20 Dec 2005 12:28
- 6 of 93
LW,
A harsh reply there, nothing wrong with reading a research report IMO, you just have to bear in mind whether there is an angle or not.
All research is is viewing what is in the public domain, surely?
A harsh reply there, nothing wrong with reading a research report IMO, you just have to bear in mind whether there is an angle or not.
All research is is viewing what is in the public domain, surely?
Andy
- 20 Dec 2005 12:29
- 7 of 93
Woodie,
I tried that, and then they withehld the number.
At one time I didn't answer my mobile to any withheld numbers, as I was receiving so many calls form boiler room brokers!
I tried that, and then they withehld the number.
At one time I didn't answer my mobile to any withheld numbers, as I was receiving so many calls form boiler room brokers!
WOODIE - 20 Dec 2005 12:33 - 8 of 93
lw sorry but you must be swayed by someones elses opinion if you use internet,brokers report or newspaper or mag tips even though the final descion is yours after reading the info you have found.
sarkee - 20 Dec 2005 12:33 - 9 of 93
Andy re 7 of 17 Perhaps its the saying birds of a feather etc, if they all practice with holding there numbers.
Andy
- 20 Dec 2005 12:34
- 10 of 93
Sarkee,
I don't think the FSA will intervene, because these are bucket shop type brokers moving on high risk shares to unsuspecting punters, and therefore provide an outlet for the market to dump rubbish into.
It does make you wonder what damage is done by punters being fleeced, and leaving the market foreverafter a bad experieince, but I guess nobody cares!
One thing that I found annoying weas that I gave a private mobile number to City Equities, and they only had that number.
All the other boiler rooms that started to ring me always rang on that number!
It has been suggested in the press that City Equities sell your number onto other boiler rooms, and they have denied this.
They even sent a letter to all their customers denying the practice existed!
I would like to know how my private number came to the attention of about 20 boiler rooms located in Holland, Belgium, Spain, and various other locations!
I didn't give it to them, I wonder who did?
I don't think the FSA will intervene, because these are bucket shop type brokers moving on high risk shares to unsuspecting punters, and therefore provide an outlet for the market to dump rubbish into.
It does make you wonder what damage is done by punters being fleeced, and leaving the market foreverafter a bad experieince, but I guess nobody cares!
One thing that I found annoying weas that I gave a private mobile number to City Equities, and they only had that number.
All the other boiler rooms that started to ring me always rang on that number!
It has been suggested in the press that City Equities sell your number onto other boiler rooms, and they have denied this.
They even sent a letter to all their customers denying the practice existed!
I would like to know how my private number came to the attention of about 20 boiler rooms located in Holland, Belgium, Spain, and various other locations!
I didn't give it to them, I wonder who did?
WOODIE - 20 Dec 2005 12:39 - 11 of 93
ANDY IT WORKS JUST CUT THE CALL OF IF IT IS WITHELD BUT NEVER GIVE A LANDLINE NUMBER YOU WILL GET NO PEACE LEAVE BLANK ON THE CARD.most withheld numbers are from people that do not want you to know who is calling if you dont answer the phone or cut them of. it will work only problem with doing this if you know someone you want to speak to that also uses a withheld number.
sarkee - 20 Dec 2005 12:42 - 12 of 93
Andy Interesting info re C E as I received a number of unexplained calls from all sorts of overseas companies & most recently being telecoms. Only way I found to deal with them is to answer then go & make a cup of tea or walk around the garden by the time I pick the phone up again they have gone.
Given all of this bad experience, so far, then perhaps the only possible route is via Brussels and EU laws to effect some action if the FSA is so impotent.
Given all of this bad experience, so far, then perhaps the only possible route is via Brussels and EU laws to effect some action if the FSA is so impotent.
Andy
- 20 Dec 2005 13:00
- 13 of 93
Woodie,
Yes I stopped answering withheld number calls, and checking the answerphone afterwards.
I now have a new number, partly because of the boiler room calls, and partly because I was offered a good number when I switched contracts.
sarkee,
leave them hanging on the line for ages, good idea!
Yes I think it's time for Brussels to get involved here, FSA won't because the MM's need a clearing house, and these guys provide it.
Also, they ring about "pre IPO" shares, and I noted one, SLOGOLD, that has never listed anywhere, yet I received so many calls about this from all sorts of people.
This illustrates another problem, recommending UNLISTED shares.
If they don't list, you can't trade them!
And then there are the "brokers" recommending US stocks.
They are always on the OTCBB!
Apparently you cannot sell an OTCBB stock bought in Europe for 1 YEAR!
They won't tell you this!
Until you try and sell!
And once you have the certificate, where will you take it to sell?
Your local bank won't touch it, and I would imagine it would have to be sent to the US to deal, and then wait weeks for the money.
Yes I stopped answering withheld number calls, and checking the answerphone afterwards.
I now have a new number, partly because of the boiler room calls, and partly because I was offered a good number when I switched contracts.
sarkee,
leave them hanging on the line for ages, good idea!
Yes I think it's time for Brussels to get involved here, FSA won't because the MM's need a clearing house, and these guys provide it.
Also, they ring about "pre IPO" shares, and I noted one, SLOGOLD, that has never listed anywhere, yet I received so many calls about this from all sorts of people.
This illustrates another problem, recommending UNLISTED shares.
If they don't list, you can't trade them!
And then there are the "brokers" recommending US stocks.
They are always on the OTCBB!
Apparently you cannot sell an OTCBB stock bought in Europe for 1 YEAR!
They won't tell you this!
Until you try and sell!
And once you have the certificate, where will you take it to sell?
Your local bank won't touch it, and I would imagine it would have to be sent to the US to deal, and then wait weeks for the money.
Andy
- 20 Dec 2005 13:03
- 14 of 93
sarkee,
SLOGOLD are still not listed on any exchange!
http://www.slogoldresources.com/co_info/shareholder.htm
And I was told by so many boiler rooms they would list early 2005!
And this sums up the dangers of boiler rooms nicely, read the last few paragraphs!
http://www.slogoldresources.com/co_info/bulletin.htm
SLOGOLD are still not listed on any exchange!
http://www.slogoldresources.com/co_info/shareholder.htm
And I was told by so many boiler rooms they would list early 2005!
And this sums up the dangers of boiler rooms nicely, read the last few paragraphs!
http://www.slogoldresources.com/co_info/bulletin.htm
jlacey - 21 Dec 2005 11:49 - 15 of 93
Nice to see our story getting some reaction. Some things to think about: How do these companies reach the conclusion that they should be recommending the stocks they offer to clients? Which comes first - the research justifying the recommendation or the firm's purchase of the stock? And how often does the promise to get you inside the spread amount to anything that couldn't be achieved by a normal broker?
If anyone else would like to go public with their experiences, please let me know.
Shares ed
If anyone else would like to go public with their experiences, please let me know.
Shares ed
davidcornish - 21 Dec 2005 21:29 - 16 of 93
Hoodless Brennan - Pages 20/21 Issue No. 50.
jlacey/shares ed
REACTION
Sally Smith, who mistakenly placed her faith in Hoodless Brennan, has all my sympathy.
Since purchase my small portfolio reveals the following:-
Dinkie Heel - Down 30%
Europasia Education - Down 21%
Hartest Holdings - Down 55%
Reefton Mining - Down 38%
Physiomics - Down 75%
Pentagon Protection - Down 22%
I could add some more but the list would be endless.
Can you recommend a decent/proper/normal stockbroker?
jlacey/shares ed
REACTION
Sally Smith, who mistakenly placed her faith in Hoodless Brennan, has all my sympathy.
Since purchase my small portfolio reveals the following:-
Dinkie Heel - Down 30%
Europasia Education - Down 21%
Hartest Holdings - Down 55%
Reefton Mining - Down 38%
Physiomics - Down 75%
Pentagon Protection - Down 22%
I could add some more but the list would be endless.
Can you recommend a decent/proper/normal stockbroker?
davidcornish - 21 Dec 2005 21:29 - 17 of 93
Hoodless Brennan - Pages 20/21 Issue No. 50.
jlacey/shares ed
REACTION
Sally Smith, who mistakenly placed her faith in Hoodless Brennan, has all my sympathy.
Since purchase my small portfolio reveals the following:-
Dinkie Heel - Down 30%
Europasia Education - Down 21%
Hartest Holdings - Down 55%
Reefton Mining - Down 38%
Physiomics - Down 75%
Pentagon Protection - Down 22%
I could add some more but the list would be endless.
Can you recommend a decent/proper/normal stockbroker?
jlacey/shares ed
REACTION
Sally Smith, who mistakenly placed her faith in Hoodless Brennan, has all my sympathy.
Since purchase my small portfolio reveals the following:-
Dinkie Heel - Down 30%
Europasia Education - Down 21%
Hartest Holdings - Down 55%
Reefton Mining - Down 38%
Physiomics - Down 75%
Pentagon Protection - Down 22%
I could add some more but the list would be endless.
Can you recommend a decent/proper/normal stockbroker?
sarkee - 21 Dec 2005 22:13 - 18 of 93
Interesting the list of HB off loaded toilet paper shares (at a healthy profit) seems to be getting longer by the day and has there been any response from the FSA, no except for the sound of silence as usual !!
Perhaps our champion "SHARES MAGAZINE" will have enough on going new material to start to a weekly column to keep Joe Public up todate.
"Caveat emptor" is very true BUT only on a level playing field not one that slopes in one direction only !!
Perhaps our champion "SHARES MAGAZINE" will have enough on going new material to start to a weekly column to keep Joe Public up todate.
"Caveat emptor" is very true BUT only on a level playing field not one that slopes in one direction only !!
Andy
- 21 Dec 2005 22:22
- 19 of 93
sarkee,
What Hoodless, City Equities, and Pacific Securities are doing is complying with the law as it stands, which prevents them cold calling without you first inviting them to call you, which you unwittingly do if you take up their offer of a "free" report.
I think even this is only in place to give the illusion that the FSA are doing their job, rather than serve any real purpose, as the boiler rooms either ring from an office based outside the UK, such as Spain, Amsterdam, Brussels etc, or circumvent the rule easily by offering reports on popular shares and utilising the small print to obtain an invite by default.
If the FSA really cared about the small private investor, they could legislate to prevent this IMO.
What Hoodless, City Equities, and Pacific Securities are doing is complying with the law as it stands, which prevents them cold calling without you first inviting them to call you, which you unwittingly do if you take up their offer of a "free" report.
I think even this is only in place to give the illusion that the FSA are doing their job, rather than serve any real purpose, as the boiler rooms either ring from an office based outside the UK, such as Spain, Amsterdam, Brussels etc, or circumvent the rule easily by offering reports on popular shares and utilising the small print to obtain an invite by default.
If the FSA really cared about the small private investor, they could legislate to prevent this IMO.
sarkee - 21 Dec 2005 22:52 - 20 of 93
Andy yes agree thats why I call it a very large slope in ONE direction on the playing field and its not in the direction of Joe Public.
As for the FSA they will not do anything until they are forced to either by public opinion and or media attention and or there political masters.
As for the FSA they will not do anything until they are forced to either by public opinion and or media attention and or there political masters.
jlacey - 22 Dec 2005 09:52 - 21 of 93
sarkee, davidcornish
We can take up the cause of anyone where we get a specific complaint like Sally Smith's, backed up by all the documentation. Then it's a case of the facts speaking for themselves. The FSA says it's OK for anyone to be cold-called as long as once they've said 'no' the caller doesn't go on to pressure them, which seems pretty unfair to me. There are dozens of good brokers out there providing proper advisory relationships - I think the APCIMS website has a list.
We can take up the cause of anyone where we get a specific complaint like Sally Smith's, backed up by all the documentation. Then it's a case of the facts speaking for themselves. The FSA says it's OK for anyone to be cold-called as long as once they've said 'no' the caller doesn't go on to pressure them, which seems pretty unfair to me. There are dozens of good brokers out there providing proper advisory relationships - I think the APCIMS website has a list.
sarkee - 22 Dec 2005 11:39 - 22 of 93
Jilacey I am afraid that FSA type of response is typical, perhaps they have latent agenda ?.
With regards to firms that have a bad track record why does'nt the FSA monitor them on a day to day bases. Plus contact directly the clients of these types of firms to see if they are being dealt with in a correct, fair & ethical manner ?
No doubt the FSA will come up with all sorts of excuses why they cannot, so why are they the Policeman but will not police in a fair way, it appears to be biased against Jo Public. If firms given a licence to operate in this arena knew if they stepped out of line by 1mm they would be brought to book & perhaps closed down & publicly named & shamed it may help them to focus on running a squeaky clean business from day one.
The FSA is totally out of touch IMO with the general public in so many different areas but then again who is policing the policeman ??
Back to broking firms has anyone come across a situation where a share is heavily promoted to Private Clients afterwards its discovered the broking firm is also a Market Maker in that stock ?? BTW After all of the stock is off loaded the share price then falls off a cliff & guess what the said MM is offering the lowest price on the bid & the highest price on the offer !
No don't tell me thats OK with the regulatory authority
Is that code to say its OK to screw Joe Public ???
With regards to firms that have a bad track record why does'nt the FSA monitor them on a day to day bases. Plus contact directly the clients of these types of firms to see if they are being dealt with in a correct, fair & ethical manner ?
No doubt the FSA will come up with all sorts of excuses why they cannot, so why are they the Policeman but will not police in a fair way, it appears to be biased against Jo Public. If firms given a licence to operate in this arena knew if they stepped out of line by 1mm they would be brought to book & perhaps closed down & publicly named & shamed it may help them to focus on running a squeaky clean business from day one.
The FSA is totally out of touch IMO with the general public in so many different areas but then again who is policing the policeman ??
Back to broking firms has anyone come across a situation where a share is heavily promoted to Private Clients afterwards its discovered the broking firm is also a Market Maker in that stock ?? BTW After all of the stock is off loaded the share price then falls off a cliff & guess what the said MM is offering the lowest price on the bid & the highest price on the offer !
No don't tell me thats OK with the regulatory authority
Is that code to say its OK to screw Joe Public ???
jlacey - 22 Dec 2005 15:55 - 23 of 93
sarkee
Perversely, the more regulations there are, the more firms can demonstrate that they are compliant. Hence all the risk warnings plastered across the websites and literature. I can guarantee that they are all able to demonstrate to the FSA's satisfaction watertight compliance procedures and chinese walls to avoid internal conflicts of interest. But that doesn't mean the clients won't suffer. In some ways it would be better to have less of this so-called investor protection and more public awareness that people could well lose a lot of money.
Perversely, the more regulations there are, the more firms can demonstrate that they are compliant. Hence all the risk warnings plastered across the websites and literature. I can guarantee that they are all able to demonstrate to the FSA's satisfaction watertight compliance procedures and chinese walls to avoid internal conflicts of interest. But that doesn't mean the clients won't suffer. In some ways it would be better to have less of this so-called investor protection and more public awareness that people could well lose a lot of money.
sarkee - 22 Dec 2005 17:16 - 24 of 93
jlacey In some ways one can agree with less means more, however with this controversial firm they have a proven bad track track record which seems from the SHARES Magazine reports is going to get even longer in the very near future.
Why then are they still allowed a full licence to operate ???
The FSA seems reluctant to issue any type of public rebuke though media and to more importantly re assure Joe Public they are on top of the situation, which clearly they are not.
It only confirms other peoples views as well as my own that the so called level playing field is very biased to one side. I wonder how long it will be before the EU's Brussels laws are invoked to force the FSA to deal with this firm once and for all & put them out of business plus all of those associated with them.
Why then are they still allowed a full licence to operate ???
The FSA seems reluctant to issue any type of public rebuke though media and to more importantly re assure Joe Public they are on top of the situation, which clearly they are not.
It only confirms other peoples views as well as my own that the so called level playing field is very biased to one side. I wonder how long it will be before the EU's Brussels laws are invoked to force the FSA to deal with this firm once and for all & put them out of business plus all of those associated with them.
Andy
- 22 Dec 2005 23:06
- 25 of 93
jlacey,
Good to see you participating here, adds interest to the thread IMO.
I read the article in Shares with great interest, as I have a hang up about boiler room brokers cold calling unwitting punters, and thought the article will serve as a useful warning for the future.
IMHO Shares Magazine has improved this year, is interesting, well laid out, and informative, and I hope this will continue into 2006.
More coverage for AIM stocks, seperate pages for the mining and oil Prospector, and initiate a page per edition to cover OFEX would be my suggestions for consideration.
I wish you all a Merry Xmas and a Happy and prosperous 2006!
Good to see you participating here, adds interest to the thread IMO.
I read the article in Shares with great interest, as I have a hang up about boiler room brokers cold calling unwitting punters, and thought the article will serve as a useful warning for the future.
IMHO Shares Magazine has improved this year, is interesting, well laid out, and informative, and I hope this will continue into 2006.
More coverage for AIM stocks, seperate pages for the mining and oil Prospector, and initiate a page per edition to cover OFEX would be my suggestions for consideration.
I wish you all a Merry Xmas and a Happy and prosperous 2006!
john1943 - 23 Dec 2005 06:03 - 26 of 93
Some years ago, height of the tech boom, I responded to Hoodless B phone call and bought approx 1200 worth of Viking Intl, since changed to Pan African Resources, worth now approx the same amount. Hoodless Brennan hold the shares and when I rang up to check they said it's OK, if I want to sell just ring them. Does this sound OK to any of the more knowledgeable? I'm not too bothered about selling them, just a bit worried about HB in case I want to.
sarkee - 23 Dec 2005 08:59 - 27 of 93
John1943 re PAF are you aware that HB are also MM's for this stock ? Normal market size is 10k and trading seems to be very infrequent. Results out this morning showing a further losses & no trades so far plus yesterday there was a private placing of 7m @ 3p.
IMHO looks like it will be at least 2 or more years before any mine is in production which may well require further funding before hand.
With regards to anything info coming from HB treat as if they are being economical with the truth always do your own research & make your own judgement. Perhaps you may be better served by opening an account with a good broker & transfering the stock to them
BTW No doubt after you purchased these shares the SP fell off of a cliff ??
IMHO looks like it will be at least 2 or more years before any mine is in production which may well require further funding before hand.
With regards to anything info coming from HB treat as if they are being economical with the truth always do your own research & make your own judgement. Perhaps you may be better served by opening an account with a good broker & transfering the stock to them
BTW No doubt after you purchased these shares the SP fell off of a cliff ??
sarkee - 23 Dec 2005 10:50 - 28 of 93
John1943 re PAF Only 4 trades in total of just over 128K, no change in SP perhaps they would have been better to have delayed the results a couple of more weeks until after the holiday when they may have been more interest in the figures.
The SP may well retrace in the new year if there is no newsflow.
Have you spoken to HB since the results to find out if they have changed their opinion ???
The SP may well retrace in the new year if there is no newsflow.
Have you spoken to HB since the results to find out if they have changed their opinion ???
piston broke
- 23 Dec 2005 11:02
- 29 of 93
beware guys they are currently touting New Millenium
They did likewise about 3 years ago on same company when they were almost 7p...and are currently trading at under a penny!!!!!!!
Maybe shorting their tips would be safer eh!!!!!!!!
The other way of course is to let them rattle on to your mobile at 20p per minute once every few weeks and they will soon realise that it is costing shedloads when you are not a 'good prospect'
BEWARE GUYS!!!!!!!!!!!!
pb
They did likewise about 3 years ago on same company when they were almost 7p...and are currently trading at under a penny!!!!!!!
Maybe shorting their tips would be safer eh!!!!!!!!
The other way of course is to let them rattle on to your mobile at 20p per minute once every few weeks and they will soon realise that it is costing shedloads when you are not a 'good prospect'
BEWARE GUYS!!!!!!!!!!!!
pb
sarkee - 23 Dec 2005 11:51 - 30 of 93
piston broke Thanks for the warning & hopefully enough people are & will be made aware of what this firm are up to.
I see that NML issued 1 BILLION new shares at 0.5p a week or so ago to raise 5m
Its a great pity that the FSA does not take a more proactive role rather than possibly a reluctant reactive role after Joe Public has been well & truly screwed.
Any guesses how soon the SP will fall off of cliff ?
I see that NML issued 1 BILLION new shares at 0.5p a week or so ago to raise 5m
Its a great pity that the FSA does not take a more proactive role rather than possibly a reluctant reactive role after Joe Public has been well & truly screwed.
Any guesses how soon the SP will fall off of cliff ?
Mechanicman - 23 Dec 2005 12:42 - 31 of 93
City Equities rang me this week with River Diamonds, but only at the offer price.
Can't quite see the point of this, as if I wanted to buy the shares I could do so with a regular broker and probably they'd get me inside the spread... most of the time etrade or td waterhouse do, anyway.
So what advantage is there to having a City Equities account? Unless the 'advice' is really good and worth having. Most of the time it just seems to be a 50-50 chance whether the share they're tipping goes up or down.
Can't quite see the point of this, as if I wanted to buy the shares I could do so with a regular broker and probably they'd get me inside the spread... most of the time etrade or td waterhouse do, anyway.
So what advantage is there to having a City Equities account? Unless the 'advice' is really good and worth having. Most of the time it just seems to be a 50-50 chance whether the share they're tipping goes up or down.
sarkee - 23 Dec 2005 14:23 - 32 of 93
mechanicman IF it was only a 50% chance of UP or down; from what I have seen most of the entities they have touted suddenly dive southwards after the bulk of the shares have been off loaded to Joe Public.
If I see either of these firms names appear with any equity I steer well clear because I know what will happen next..
If I see either of these firms names appear with any equity I steer well clear because I know what will happen next..
Andy
- 23 Dec 2005 23:05
- 33 of 93
Piston,
Are you referring to HB for this comment on NML please?
If not, which broker?
When were you offered these, and can you remember the price?
Sarkee is correct, they have issued 1 BILLION new shares recently,
@ 0.5p, and I presume these are what are being offered here, just checking because I have followed the NML story for 18 months now.
_______________________________________
piston broke - 23 Dec 2005 11:02 - 29 of 32
beware guys they are currently touting New Millenium
Are you referring to HB for this comment on NML please?
If not, which broker?
When were you offered these, and can you remember the price?
Sarkee is correct, they have issued 1 BILLION new shares recently,
@ 0.5p, and I presume these are what are being offered here, just checking because I have followed the NML story for 18 months now.
_______________________________________
piston broke - 23 Dec 2005 11:02 - 29 of 32
beware guys they are currently touting New Millenium
sarkee - 23 Dec 2005 23:16 - 34 of 93
Andy thx re HB , I was trying to highlight to every one that its all smoke & mirrors with this shower. Don't get sucked in as all they want is your capital nothing else they could not care less what type of company it is except for how much they can stitch you up for for..
Needless to say the FSA just sits back & does sweet FA, I wonder how long that is going to last once the EU starts to name & shame these w***kers in the new year
Needless to say the FSA just sits back & does sweet FA, I wonder how long that is going to last once the EU starts to name & shame these w***kers in the new year
piston broke
- 24 Dec 2005 10:47
- 35 of 93
Andy...wasnt HB ...itwas one of the security companies referred to above and was about 3 days ago...was only referred to as being just under a penny share
aimtrader - 24 Dec 2005 17:16 - 36 of 93
piston,
That must be pacific then??? it's not a crime to say the name on here
keep your hands on your wallet!!!
NML are NOT a good prospect in my view, not even at 1p....
You have to ask why, if the shares are such a bargain, don't they simply hold onto them until the price rises, and make more money????
bucket shop brokers and boiler rooms are only in it for THEMSELVES!!!
That must be pacific then??? it's not a crime to say the name on here
keep your hands on your wallet!!!
NML are NOT a good prospect in my view, not even at 1p....
You have to ask why, if the shares are such a bargain, don't they simply hold onto them until the price rises, and make more money????
bucket shop brokers and boiler rooms are only in it for THEMSELVES!!!
sarkee - 25 Dec 2005 00:11 - 37 of 93
aimtrader well done you hit the nail on the head; however people have very short memorys & thats what these various devious shysters rely on to peddle there crap. IF only the FSA & for that matter LSE would put a stop to them before they were able to dump there crap on punters.
IMHO its good to keep this thread going just as a constant everyday reminder of the sharks that are out there waiting to fleece investors.
So if anyone hears of them trying to dump more worthless crap PLEASE post the info alert here so that as many people as possible are forewarned what they are trying to p & d.......
Hopefully IF the FSA can read they will start to understand what this type of lowlife are up to............well we can all live in hope........
Merry Xmas to everyone.......
IMHO its good to keep this thread going just as a constant everyday reminder of the sharks that are out there waiting to fleece investors.
So if anyone hears of them trying to dump more worthless crap PLEASE post the info alert here so that as many people as possible are forewarned what they are trying to p & d.......
Hopefully IF the FSA can read they will start to understand what this type of lowlife are up to............well we can all live in hope........
Merry Xmas to everyone.......
Andy
- 25 Dec 2005 01:04
- 38 of 93
sarkee,
Absolutely!
Does anyone know which broker is pushing NML out? City Equities or Pacific Securities?
And does anyone know the price?
I presume 1p.
Absolutely!
Does anyone know which broker is pushing NML out? City Equities or Pacific Securities?
And does anyone know the price?
I presume 1p.
john1943 - 25 Dec 2005 08:29 - 39 of 93
Would people feel OK to let HB hold the shares for them, then just ring up HB to sell them when required?
Andy
- 25 Dec 2005 15:00
- 40 of 93
john1943,
That's how it works I believe, they hold your shares in nominee, so you have to ask them to sell for you. (This is certainly what City Equities offered me.)
At the point of requerting the dealer to sell for you, IMO, it can become a battle of wills, where the dealer may try and hold you in by promising "news soon" or "people buying", and influence you to hold rather than sell.
That what Phillips Securites (partly now Cornhill) did with my FGML with me, and, at the THIRD time of asking!, I had to insist quite bluntly, before they finally agreed to sell, which was just in time before they tanked!
I sold @ 39p. now around 11p!
And they told me "news coming" and "buyers in the market" LOL!
That's how it works I believe, they hold your shares in nominee, so you have to ask them to sell for you. (This is certainly what City Equities offered me.)
At the point of requerting the dealer to sell for you, IMO, it can become a battle of wills, where the dealer may try and hold you in by promising "news soon" or "people buying", and influence you to hold rather than sell.
That what Phillips Securites (partly now Cornhill) did with my FGML with me, and, at the THIRD time of asking!, I had to insist quite bluntly, before they finally agreed to sell, which was just in time before they tanked!
I sold @ 39p. now around 11p!
And they told me "news coming" and "buyers in the market" LOL!
sarkee - 26 Dec 2005 02:55 - 41 of 93
John1943 problem with HB holding anything is they keep shifting the goal posts & guess what they "forget" to inform the punter (the mug) the situation has changed (been manipulated...) so you need eyes in the back of your head. Plus count your fingers afterwards just in case a couple have been cut off....
In other words if they tell you the time double check it yourself don't except anything.....
In other words if they tell you the time double check it yourself don't except anything.....
john1943 - 27 Dec 2005 09:33 - 42 of 93
Thanks Andy and everyone.
sarkee - 27 Dec 2005 18:24 - 43 of 93
Polite reminder one & all.
The Shysters & Sharks will be back tomorrow morning & they will be very hungry after 4.5 days so they will be waiting to pounce on the next victims......
Caveat Empour........
Be lucky every1 & win....
The Shysters & Sharks will be back tomorrow morning & they will be very hungry after 4.5 days so they will be waiting to pounce on the next victims......
Caveat Empour........
Be lucky every1 & win....
sarkee - 27 Dec 2005 18:31 - 44 of 93
Please read the warning on DMR thread by wfcbarmyarmy & the kake house that is promoting it
yet another 1 to add to the list
yet another 1 to add to the list
wfcbarmyarmy - 27 Dec 2005 18:31 - 45 of 93
...and SueHelen ramps DMR on here which Hoodless are involved with.
Shame on her for trying to suck gullible mugs into that sack of shite.
Shame on her for trying to suck gullible mugs into that sack of shite.
Andy
- 27 Dec 2005 18:33
- 46 of 93
wfcbarmyarmy,
Exactly!
Exactly!
wfcbarmyarmy - 27 Dec 2005 18:34 - 47 of 93
Andy how are your boys doing ?
wfcbarmyarmy - 27 Dec 2005 18:35 - 48 of 93
We play arch rivals Chester City tomorrow at noon.
We are going in force.
All Police leave cancelled.
We are up to 6th in division 2and I haven't seen one team thats any good yet.
We are going in force.
All Police leave cancelled.
We are up to 6th in division 2and I haven't seen one team thats any good yet.
Andy
- 27 Dec 2005 18:44
- 49 of 93
Mike,
Ok, but due to have a clearout at Xmas I think, anyone any good will be sold.
Good luck at Chester, sounds as though it could get lively!
PS
You have mail.
Ok, but due to have a clearout at Xmas I think, anyone any good will be sold.
Good luck at Chester, sounds as though it could get lively!
PS
You have mail.
Pinsticker
- 27 Dec 2005 18:48
- 50 of 93
Free Tip to help keep your finances healthy :
1. Put this link into your browser :
http://www.companyannouncements.net
2. Use the search facility to search by keyword.
3. e.g. search for "City Equities"
4. Check the RVD announcement on 22/12/05.
5. Check the price that the 16.3m shares were purchased for by looking at the trades for that date on Moneyam.
6. When your friendly City Equities broker phones up to offer you a fantastic deal, ask him why his company is trying to dump the shares as soon as they have acquired them and why they are looking to make a quick 50% profit out of a valued "client".
7. Then tell him to f*** off
1. Put this link into your browser :
http://www.companyannouncements.net
2. Use the search facility to search by keyword.
3. e.g. search for "City Equities"
4. Check the RVD announcement on 22/12/05.
5. Check the price that the 16.3m shares were purchased for by looking at the trades for that date on Moneyam.
6. When your friendly City Equities broker phones up to offer you a fantastic deal, ask him why his company is trying to dump the shares as soon as they have acquired them and why they are looking to make a quick 50% profit out of a valued "client".
7. Then tell him to f*** off
SueHelen
- 27 Dec 2005 18:50
- 51 of 93
sarke...hoodless are not selling stock in DMR...please get your facts right and don't rely on wfc' for information. They have invested 100,000 pounds at 0.50 pence which is part of their retirement project.
MoneyAm is really going down hill these days....some people need some serious help.
MoneyAm is really going down hill these days....some people need some serious help.
Pinsticker
- 27 Dec 2005 19:16
- 52 of 93
You're absolutely right - Hoodless are not selling stock in DMR - they exhausted themselves dumping 30m onto their "valued clients" between 21/8/03 & 9/9/03 - buying at 0.5p a share and disposing at (at least) 0.75p per share.
Either the "valued client" is now sitting on a substantial loss or has already realised (hopefully) a smaller loss. Not one "valued client" would have been able to realise a profit at any time after purchasing from their friendly HD broker.
Either the "valued client" is now sitting on a substantial loss or has already realised (hopefully) a smaller loss. Not one "valued client" would have been able to realise a profit at any time after purchasing from their friendly HD broker.
SueHelen
- 27 Dec 2005 19:20
- 53 of 93
Pinsticker...that is about to change.. Hoodless still have their own equity worth 100,000 in DMR.
Thanks for bringing some common sense to this as wfc and others tend to posts without reading anything.
Thanks for bringing some common sense to this as wfc and others tend to posts without reading anything.
sarkee - 27 Dec 2005 20:31 - 54 of 93
SueH Seems strange as they are the Nomads for DMR...& they still dump it all on their valued clients..its best to decline these sparkling deal, as there may be a conflict of interest.
SueHelen
- 27 Dec 2005 20:33
- 55 of 93
Sarkee...for goodness sake. DMR is about to make an acquisition or carry out a reverse takeover. The money that will come in the new company will be from new and top people from outside the company.
It ain't coming from the likes of us...they don't need our money.
U might and others might end up buying the shares though through the market when the price hits 2-3 pence very soon.
It ain't coming from the likes of us...they don't need our money.
U might and others might end up buying the shares though through the market when the price hits 2-3 pence very soon.
wfcbarmyarmy - 27 Dec 2005 20:36 - 56 of 93
Hoodless have "invested" 100k into this trash for one reason and one reason only.
So they can offload at a higher price to mug punter.
This is all Hoodless ever do.
As far as DMR making an acquisition or doing a reverse deal..dream on.
So they can offload at a higher price to mug punter.
This is all Hoodless ever do.
As far as DMR making an acquisition or doing a reverse deal..dream on.
SueHelen
- 27 Dec 2005 20:38
- 57 of 93
Builders from Hell is on ITV1 if anyone wants to watch it.....never know may learn something more useful....better time management and all that.
wfcbarmyarmy - 27 Dec 2005 20:38 - 58 of 93
"They have invested 100,000 pounds at 0.50 pence which is part of their retirement project. "
Complete and utter bollox.
You seem to have fallen for this one hook, line and fucking sinker.
All Hoodless ever do is buy cheap shitty shares and then try and offload them at a higher price to Joe "mug" punter.
Complete and utter bollox.
You seem to have fallen for this one hook, line and fucking sinker.
All Hoodless ever do is buy cheap shitty shares and then try and offload them at a higher price to Joe "mug" punter.
SueHelen
- 27 Dec 2005 20:40
- 59 of 93
Hey...thanks for a great laugh again. Come on please get angry one more time....loving it.
Squelched means I can't see what you are writing....before someone else tells you.
Squelched means I can't see what you are writing....before someone else tells you.
SueHelen
- 27 Dec 2005 20:41
- 60 of 93
Geoffery Hoodless is also a director of DMR...retirement project being lined up. You Bet !!!
wfcbarmyarmy - 27 Dec 2005 20:43 - 61 of 93
Geoff Hoodless trying to pinch the pocket of mug penny share punters like Suehelen more like.
How on earth can you laugh about things that you can't read ?
How on earth can you laugh about things that you can't read ?
wfcbarmyarmy - 27 Dec 2005 20:45 - 62 of 93
That swings it for me then.
If Geoff Hoodless is a Director I will buy a few million shares in DMR first thing in the morning.
LOL.
If Geoff Hoodless is a Director I will buy a few million shares in DMR first thing in the morning.
LOL.
optomistic
- 27 Dec 2005 22:47
- 63 of 93
;-)
sarkee - 28 Dec 2005 09:37 - 64 of 93
Interesting to note who the very controversial directors of DMR are, I suggest that any1 thinking of investing should carry out there own indepth research on the directors previous track records plus read any write ups in Shares Magazine, who perhaps will be doing an extensive report for the next edition.
All seems to be rather incestuous & I wonder what the view of the FSA is regarding what appears to be a over hyped pyramid, especially when it goes pear shaped
Remember the saying "If you swim with sharks you will get eaten !! "
Caveat Empour
All seems to be rather incestuous & I wonder what the view of the FSA is regarding what appears to be a over hyped pyramid, especially when it goes pear shaped
Remember the saying "If you swim with sharks you will get eaten !! "
Caveat Empour
Andy
- 28 Dec 2005 12:12
- 65 of 93
sarkee,
Useful advice ideed, maybe some pertinent information should be posted as a warning to anyone thinking of investing on Sue Helen's ramping thread?
Useful advice ideed, maybe some pertinent information should be posted as a warning to anyone thinking of investing on Sue Helen's ramping thread?
optomistic
- 28 Dec 2005 12:17
- 66 of 93
Must give credit where it's due, she/he is very persistant at his/her vocation ;-)
Andy
- 28 Dec 2005 12:27
- 67 of 93
optomistic,
Oh yes, find a small illiquid stock, buy a wedge, then ramp it to hell is the normal MO.
If nobody posts any balancing views, newbies are at risk of being sucked in.
Oh yes, find a small illiquid stock, buy a wedge, then ramp it to hell is the normal MO.
If nobody posts any balancing views, newbies are at risk of being sucked in.
sarkee - 28 Dec 2005 12:41 - 68 of 93
Andy: Perhaps SueH is in someway connected with HB considering all of the PR hype she is posting on them.
I would have thought this is something for the FSA to look at before it all collapses in on its self.
I would have thought this is something for the FSA to look at before it all collapses in on its self.
optomistic
- 28 Dec 2005 13:07
- 69 of 93
Andy, I have had pros on the phone trying to sell me their garbage. Same method, never give in always come straight back disregarding any logic. I had no problem handling the situation. This sort of ramping to me seems to have the hall mark of more than just the average amature.
SueHelen
- 28 Dec 2005 13:09
- 70 of 93
Complete hogwash now........
SueHelen
- 28 Dec 2005 13:11
- 71 of 93
Opto' Geoffery Hoodless does not want your pennies for their exciting and big DMR project.
They are more class above people knocking on their doors with swades of cash.
They are more class above people knocking on their doors with swades of cash.
Andy
- 28 Dec 2005 13:17
- 72 of 93
optomistic,
yes I love those cold calls form boiler rooms!
This really shouldn't be allowed, the same posts are over the road too, and I will check SC in a minute.
yes I love those cold calls form boiler rooms!
This really shouldn't be allowed, the same posts are over the road too, and I will check SC in a minute.
optomistic
- 28 Dec 2005 13:17
- 73 of 93
Everything fitting into place now!
SueHelen, I'm so very pleased that your friend Geoffery doesn't want my 'pennies'
SueHelen, I'm so very pleased that your friend Geoffery doesn't want my 'pennies'
SueHelen
- 28 Dec 2005 13:20
- 74 of 93
What are you on about.....u just trying to get your DMR deramping going on this thread now...don't be so childish please.
SueHelen
- 28 Dec 2005 13:21
- 75 of 93
O yeah Opto' shame you couldn't fit the jigsaw in EVS, HHO and LGB. Your cry to the whole world has just come a bit too late I think.
optomistic
- 28 Dec 2005 13:27
- 76 of 93
You really are indefatigable SueHelen, but I am sure now that people have seen enough to make a decission as to the worth of your posts.
SueHelen
- 28 Dec 2005 13:28
- 77 of 93
Whatever !!!
Fred1new
- 28 Dec 2005 13:33
- 78 of 93
Andy, you are not suggesting SH is an old boiler, are you?
SueHelen
- 28 Dec 2005 13:35
- 79 of 93
Fred1new....unbelievable and so sad. You need to get out more.
Andy
- 28 Dec 2005 14:48
- 80 of 93
fred,
LOL!
No, but I do think SH is a much more infamous figure on the BB's!
I am surprised that MAM removed a spoof thread, yet the ramping thread remains!
At least the other side are consistent, and both would remain.
LOL!
No, but I do think SH is a much more infamous figure on the BB's!
I am surprised that MAM removed a spoof thread, yet the ramping thread remains!
At least the other side are consistent, and both would remain.
sarkee - 29 Dec 2005 08:17 - 81 of 93
I understand that the kake merchants are getting ready to dump a load of it on unsuspecting new punters.
Has any1 heard the same story ?
Has any1 heard the same story ?
SueHelen
- 29 Dec 2005 08:25
- 82 of 93
You're paranoid sarkee....this love for Hoodless is not too healthy.
sarkee - 29 Dec 2005 14:50 - 83 of 93
SueH Sorry to say there is more than 1 kake merchant operating in this market, time will tell how soon they re start there usual p & d tactics..
SueHelen
- 29 Dec 2005 14:55
- 84 of 93
Get your head straight...you have really lost your marbles now with this thread.
sarkee - 29 Dec 2005 15:59 - 85 of 93
SueH Coming from you I take that as a compliment....
amberjane
- 10 Feb 2006 12:36
- 86 of 93
Said before I should change my broker, HB are absolutely f**king crap!
sarkee - 10 Feb 2006 12:56 - 87 of 93
But they do not have the monolopy on this accolade !!!!
Andy
- 10 Feb 2006 16:13
- 88 of 93
Amberj,
Any particular reason?
Any particular reason?
amberjane
- 10 Feb 2006 23:53
- 89 of 93
Yes Andy, my small trades always seem to be 'too big' to trade online or they are the mm so I have to phone them...am stitched up every time as I never get the online price, they can't buy them for you when you're on the phone to them so you always get it when its ticked up !! and always if you leave a limit they hit it rather than get better. today was fuming, couldnt buy at 73p on line and phoned, she quoted 73p then i saw it tick to 75p before my buy was shown, I phoned her back and she said it had ticked up before she could buy and by the time she had said that it was 77p..disgusting. If she had bought when she quoted me I would be a happy bunny! Too serious a game for a time delay, why else does one want to trade on line in the first place and you lose that control!!!! By the way I have actually calmed down now :>) ......believe it or not!
Kayak
- 11 Feb 2006 00:07
- 90 of 93
Amber, when you open a broking account the key question to ask is how many market makers they have online gateways to. Big brokers such as Squaregain/TDWaterhouse will be connected to nearly all, whereas small brokers such as HB are only connected to a small number. This means that when you come to trade online there is a much greater chance that there will be no MMs willing to deal online and they will have to put the order through by telephone, and also a much lesser chance of any price improvement on the displayed spread.
Andy
- 11 Feb 2006 00:08
- 91 of 93
Amber,
So although the cost of trading is cheaper, you lose on the prices!
TDW and Squaregain always get within the yellow strip price.
www.share.com 2.50 (batch), or 7.50 (immediate) are better IMO.
So although the cost of trading is cheaper, you lose on the prices!
TDW and Squaregain always get within the yellow strip price.
www.share.com 2.50 (batch), or 7.50 (immediate) are better IMO.
amberjane
- 13 Feb 2006 12:36
- 92 of 93
Thanks guys, yes will have to find the time to sort myself out, but that share at 77p...now 95p! Just hope they can sell it quicker than they bought it! Not bad for a week-end and I only started re-trading last Wed....but it's only coz the shares gone up i'm happy, not with them obviously :>)
Stan
- 25 Jul 2012 23:07
- 93 of 93
Look out there back: http://www.hbmarkets.com/online-share-dealing-and-isas-W21page-14-#charges
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