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 ??

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.

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..

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

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

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

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!!!

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.......

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.

Would people feel OK to let HB hold the shares for them, then just ring up HB to sell them when required?

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!

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.....

Thanks Andy and everyone.

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....

Please read the warning on DMR thread by wfcbarmyarmy & the kake house that is promoting it

yet another 1 to add to the list

...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.

wfcbarmyarmy,

Exactly!

Andy how are your boys doing ?

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.

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.

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