Boiler Room Scams

This is a discussion on Boiler Room Scams within the Educational Resources forums, part of the Commercial category; hi charlesm. I was also offered Galaxy Minerals a few weeks back. Obviously the "limited response time" is a ruse ...

Reply
 
LinkBack Thread Tools Search this Thread
Old Mar 14, 2005, 5:01pm   #9
 
trendie's Avatar
Joined Jan 2004
hi charlesm.

I was also offered Galaxy Minerals a few weeks back. Obviously the "limited response time" is a ruse to prevent people from conducting due diligence.

Please ask them whether the stock is "restricted" - I believe the US SEC call it Rule 144 or something.
The stock cannot be traded for around 12 months.
And because it is restricted, you need their PERMISSION to trade it, even after the 12 months.
( I am at "work", so I will try to dig out the details later this evening )

Did thet tell you they have connections to JP Morgan and Cazenove ?
When I broached this with them, they said they would get back to me.
( last I heard of them.
And me, waiting to buy £5,000 of Galaxy Mineral stock. If only they would phone me up )
__________________
# If the only tool you have is a hammer, you tend to see every problem as a nail - Abraham Maslow
# There are 10 kinds of people in the world; those that understand binary, and those that dont. -Anon
# Ed Seykotas Whipsaw Song http://www.youtube.com/watch?v=LiE1V...Wlxk8&index=10
# Defeat is temporary. Giving up makes it permanent. Anon
trendie is offline   Reply With Quote
Thanks! The following members like this post: rub1
Old Mar 14, 2005, 5:45pm   #10
 
Airthrey Capital's Avatar
Joined May 2003
Airthrey Capital started this thread
Quote:
Originally Posted by mopccollections
I need to contact Hargill Black & Associates. Do you have any idea of where could I find their phone number and address.

Best regards,
Mike
If you cant find their phone number and address, then do yourself a favour and stop being so stupid.

If you cant work out that any institution which is less than clear about how they can be contacted is going to be somewhat "dodgy", then you deserve to lose all your money.

DON'T DO IT!
__________________
Long of hope, short of disaster.
Airthrey Capital is offline   Reply With Quote
Old Mar 14, 2005, 5:52pm   #11
 
mofo's Avatar
Joined Feb 2005
Anyone know of profits prophets ? They too refuse to give out details of who / where they are, but some people swear by them & they do seem to have been around a while in fairness
mofo is offline   Reply With Quote
Old Mar 14, 2005, 7:33pm   #12
 
2 Posts
Joined Mar 2005
If someone can explain something to me, being a Newbie, with the offer of Galaxy Minerals.

At the weekend there were approx 60,000 shares (12/03/05) this is now just over 600,000 (14/03/05) - are there a lot of people falling for a scam and a lot of Boiler Rooms working with the same information or is it a good report on mineral finds?

PS Trendie - I await any info you may have.
charlesm is offline   Reply With Quote
Old Mar 14, 2005, 7:43pm   #13
 
trendie's Avatar
Joined Jan 2004
http://news.corporate.findlaw.com/pr...005111737.html

Note the bit which says:
"The company recently completed a Stock Equity swap within the United Kingdom relating to 36,000,000 common shares of the company to which reg. 144 restrictions apply."

http://www.sec.gov/investor/pubs/rule144.htm

I am no expert on stocks, etc. So, it could be legit. But, on balance, my choice would be to steer clear.
You may have other views.
hope this helps, charlesm.
__________________
# If the only tool you have is a hammer, you tend to see every problem as a nail - Abraham Maslow
# There are 10 kinds of people in the world; those that understand binary, and those that dont. -Anon
# Ed Seykotas Whipsaw Song http://www.youtube.com/watch?v=LiE1V...Wlxk8&index=10
# Defeat is temporary. Giving up makes it permanent. Anon
trendie is offline   Reply With Quote
Old Mar 14, 2005, 9:18pm   #14
Joined Jun 2003
FYI, I've just had a call from a Boiler Room operation in Florida offering me shares in an OTC company that has found a cure for breast cancer. When they asked me who I worked for, I said the FSA (a lie). They hadn't heard of them, so I told them they have a similar role to the SEC, at which point they ended the conversation.

Just a warning, as I'm sure they're targeting a lot of people in the UK.
Rainmaker is offline   Reply With Quote
Thanks! The following members like this post: mel_pub
Old Mar 15, 2005, 12:11pm   #15
 
2 Posts
Joined Feb 2005
I'm a newbie on this board, but not when it comes to trading the American exchanges...

As a general rule, I don't trade OTCBB stocks, they are too easily manipulated by the mms.

Likewise, and for the same reason, I don't trade anything selling under $1. Additionally, shares selling under $1 usually have large floats, and are not worth the reams of paper issued.

Another boiler room scam are the newsletters (TODAY'S TOP PICKS!!!). The subway.com just got hit with a big fine for their pump-and-dump act.

Trade on fundamentals, not news. Make sure there is sufficient daily trading liquidity, otherwise the mms are calling the shots.

There is no way in hell I would buy a stock based on an unsolicited phone call, email, etc.

These are my own rules I learned along the way, your mileage may vary.

Cheers....
chaz-spain is offline   Reply With Quote
Old Mar 18, 2005, 8:57pm   #16
 
trendie's Avatar
Joined Jan 2004
Airthrey,

I would like to nominate Langley Advisory to your collection.

http://www.langleyadvisory.ch/

Got call from them this week.
Usual speil: got my number from a web-promo !!; want to build a relationship; special research access; really good deal - but you must hurry, and buy within 48 hours.

I find this really funny
__________________
# If the only tool you have is a hammer, you tend to see every problem as a nail - Abraham Maslow
# There are 10 kinds of people in the world; those that understand binary, and those that dont. -Anon
# Ed Seykotas Whipsaw Song http://www.youtube.com/watch?v=LiE1V...Wlxk8&index=10
# Defeat is temporary. Giving up makes it permanent. Anon
trendie is offline   Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Similar Threads
Thread Thread Starter Forum Replies Last Post
scams or not mikewhite Trading Systems 50 May 11, 2016 10:18am
Is this a boiler room??? chrisww Educational Resources 40 Jun 10, 2014 1:08pm

LinkBacks (?)
LinkBack to this Thread: http://www.trade2win.com/boards/educational-resources/14154-boiler-room-scams.html
Posted By For Type Date
UK Campaign for Overseas Boiler Room Action | UKCobra.org This thread Refback Jan 30, 2011 11:58pm
Sphinx Asia Company - siapa pernah invest stock dgn diorg? - CariGold Forum This thread Refback Jan 12, 2011 3:52pm
Directory of Prop Trading Firms This thread Refback Dec 26, 2010 7:15pm
Digg - boiler room scams This thread Refback Nov 25, 2010 2:37pm
Info.co.uk - e1 asset management - www.Info.co.uk This thread Refback Nov 11, 2010 12:50am
hotstocked.com :: Topic review - DXPCF message board This thread Refback Nov 10, 2010 6:58pm
o2 secure wireless (OTOW): I came across this... This thread Refback Oct 12, 2010 1:38am
We want to buy your stock - - Fraudwatchers This thread Refback Sep 30, 2010 7:14pm
TMF: Re: Hang Seng Financial / A fool And His Money... This thread Refback Jun 23, 2010 11:33pm
DXPCF message board This thread Refback Apr 7, 2010 7:19pm
investment scams - Page 10 | BoardReader This thread Refback Mar 19, 2010 7:14pm
Trying to Find Out More About Ventana Biotech, Inc. (VNTA.PK) This thread Refback Mar 9, 2010 4:34pm
Ventana Biotech, Inc. (VNTA): Hi, I go back to my previous post, This thread Refback Mar 5, 2010 7:23pm
Ventana Biotech, Inc. (VNTA): Hi, I go back to my previous post, This thread Refback Mar 5, 2010 5:41pm
Brokerages on Trade2Win Boards | BoardReader This thread Refback Feb 15, 2010 2:01pm
boiler room scams This thread Refback Feb 15, 2010 12:25pm
Regulation S Shares & Boiler Rooms - How to spot the scams | LearnMoney.co.uk This thread Refback Sep 11, 2009 8:56pm
FSW Europe This thread Refback Aug 10, 2009 8:39am
Yahoo! Message Boards - Quantum Fuel Systems Tech (QTWW) - Boiler room operations?? Post #0 Refback Jun 11, 2009 9:22pm
TMF: Laserlock Shares & FSW Europe / A fool And His Money... This thread Refback Feb 19, 2009 9:04pm
Useful Resources - A Fool and his Money | Google Groups This thread Refback Oct 19, 2008 8:45pm
TMF: Recent Messages By cynicaleng This thread Refback Apr 5, 2008 10:02am
TMF: Re: J S Knight / A fool And His Money... This thread Refback Mar 30, 2008 12:00pm
TMF: FSW Securities / A fool And His Money... This thread Refback Feb 21, 2008 8:18pm
TMF: Re: FSW Securities / A fool And His Money... This thread Refback Feb 21, 2008 11:53am
Boiler Room Scams - Page 72 - T2W Day Trading & Forex Forums This thread Refback Feb 4, 2008 12:27pm
TMF: Re: Laserlock Shares & FSW Europe / A fool And His Money... This thread Refback Jan 31, 2008 10:03pm
Proactive Investors :: View topic - Boiler Rooms - A definition This thread Refback Jan 22, 2008 12:47am
Bishopsgate capital :: BoardReader This thread Refback Dec 13, 2007 7:44pm
TMF: Pharma Holdings Inc / A fool And His Money... This thread Refback Dec 10, 2007 2:43pm
"organisational structure of financial institutions" - topic profile :: BoardReader This thread Refback Dec 10, 2007 12:32pm
TMF: Pharma Holdings Inc / A fool And His Money... This thread Refback Dec 7, 2007 3:58pm

Currently Active Users Viewing This Thread: 8 (1 members and 7 guests)
John_North