Boiler Room Scams

This is a discussion on Boiler Room Scams within the Educational Resources forums, part of the Commercial category; Have a look at - http://www.advfn.com/ asks if you mean one of these - Trans Global Svcs (BB) USBB:TGSI Trans ...

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Old Mar 7, 2007, 1:32pm   #545
Joined Mar 2007
Have a look at -
http://www.advfn.com/

asks if you mean one of these -

Trans Global Svcs (BB) USBB:TGSI
Trans Global Logisti (OTC) USOTC:TLGI
Trans Global Svcs (OTC) USOTC:TGSI
Trans Global Svcs Inc

Mobile Stream comes up zilch, you might mean Mobile Streams? That is listed
in the London Stock Exchange -
LSE:MOS

So why does he not buy and sell through a normal dealer, like TD Waterhouse?

Now would not be a good time to sell shares in Mobile Streams, it is down
and headed up.

I don't think his investment is good, but what do I know? If I can't find a company I don't buy into it.
Mobile Streams is a mobile phone company. Not oil, as the other names you quote are.
The Times says it is a pretty strong buy. Thanks for the tip, I hadn't noticed it before.
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Old Mar 7, 2007, 3:44pm   #546
 
7 Posts
Joined Apr 2006
Quote:
Originally Posted by countryman
Forgive me if this is posted in the wrong place: I'm no great fist with bulletin boards, but time presses!

I have recently discovered that my father, with a lifetime's experience in share dealing, has bought shares in Mobile Stream and Trans Global via dealers called Wellington (in Dubai, contact Derek Bourne) and Securities Advice Group (contact Andrew Parker-Jones), respectively. The Mobile Stream shares have been sold and payment promised for today at the latest (Wednesday 7 March).

It is my father's plan to use this money to purchase 200,000 shares in Royal Petroleum (Canada) via Securities Advisory Group. They say they will not allow him to sell the Trans Global shares until he has brought the Royal Petroleum allocation. For what it's worth the payment is apparently direct to Royal Petroleum.

I have found the names of the dealers and 2 of the shares on this site, so it seems absolutely clear to me (especially considering the high pressure tactics that have been employed) that this is Boiler Room activity.

I offer these details as further confirmation of the information on this excellent site. Does anyone have any advice on the best course of action to pursue. All advice, comments and suggestions will be very gratefully received.

Take a look at the link below. You may have to register. I would highly recommend you do as there are people in your fathers situation who have also been sold this rubbish.

http://boards.fool.co.uk/Message.asp...whole#10284114
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Thanks! The following members like this post: looker1
Old Mar 7, 2007, 7:24pm   #547
Joined Jul 2004
Quote:
Originally Posted by macthibuoi
Take a look at the link below. You may have to register. I would highly recommend you do as there are people in your fathers situation who have also been sold this rubbish.

http://boards.fool.co.uk/Message.asp...whole#10284114
I like the link, I do occasionally go on to fool, but i dont generally post there personally, I notice further down the thread someone mentioning the "phone this client, He'll tell you!" ploy, this, to my knowledge was first done by John Keely, (Brinton, Sigama,E-go-trade) a few years ago when they were scamming the australians, they would have an aussie number diverted to a mobile, Dr richard King/Bell also used this ploy with several companies that ran out of the philippines and thailand apparently, The fact remains, If a broker/advisor/etc reccommends this, AVOID LIKE THE PLAUGUE! it is prohibited by the various data protection acts for a financial advisor to give out or refer a clients number to anyone, least of all to use it as a selling tool to another victim!
My suggestion remains, write off your losses, its gone, dont listen to the BS, no-one is buying your stock, take your cert to an international high street broker, see if they are able to trade it on your behalf, if they are, see what the restrictions are, google "rule 144" if there is a restriction, go to the sec website, and follow the instructions or consult your OWN lawyer, not one on a search engine, if your own lawyer cant do it, he will find one that can. The search engine ones are usually suspect at best too, it rarely costs anything to lift restrictions if done properly.
Call me cynical, but I have lost alot, after much research, I dont lose anymore, and on occasion, I have even made some out of it.
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Old Mar 7, 2007, 8:49pm   #548
 
3 Posts
Joined Mar 2007
Thanks for getting back

Quote:
Originally Posted by SusieD
Have a look at -
http://www.advfn.com/

asks if you mean one of these -

Trans Global Svcs (BB) USBB:TGSI
Trans Global Logisti (OTC) USOTC:TLGI
Trans Global Svcs (OTC) USOTC:TGSI
Trans Global Svcs Inc

Mobile Stream comes up zilch, you might mean Mobile Streams? That is listed
in the London Stock Exchange -
LSE:MOS

So why does he not buy and sell through a normal dealer, like TD Waterhouse?

Now would not be a good time to sell shares in Mobile Streams, it is down
and headed up.

I don't think his investment is good, but what do I know? If I can't find a company I don't buy into it.
Mobile Streams is a mobile phone company. Not oil, as the other names you quote are.
The Times says it is a pretty strong buy. Thanks for the tip, I hadn't noticed it before.
As far as the first stock goes, i've only ever seen it written as Transglobal Oil. For the second it's Mobilestream Oil, Inc. on 2 certificates and Mobilestream, Inc on 2 others. Reassuring.
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Old Mar 7, 2007, 8:50pm   #549
 
3 Posts
Joined Mar 2007
Thanks for the advice ...

Quote:
Originally Posted by macthibuoi
Take a look at the link below. You may have to register. I would highly recommend you do as there are people in your fathers situation who have also been sold this rubbish.

http://boards.fool.co.uk/Message.asp...whole#10284114
... I'll give it a go
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Old Mar 8, 2007, 1:46am   #550
 
7 Posts
Joined Apr 2006
Quote:
Originally Posted by looker1
I like the link, I do occasionally go on to fool, but i dont generally post there personally, I notice further down the thread someone mentioning the "phone this client, He'll tell you!" ploy, this, to my knowledge was first done by John Keely, (Brinton, Sigama,E-go-trade) a few years ago when they were scamming the australians, they would have an aussie number diverted to a mobile, Dr richard King/Bell also used this ploy with several companies that ran out of the philippines and thailand apparently, The fact remains, If a broker/advisor/etc reccommends this, AVOID LIKE THE PLAUGUE! it is prohibited by the various data protection acts for a financial advisor to give out or refer a clients number to anyone, least of all to use it as a selling tool to another victim!
My suggestion remains, write off your losses, its gone, dont listen to the BS, no-one is buying your stock, take your cert to an international high street broker, see if they are able to trade it on your behalf, if they are, see what the restrictions are, google "rule 144" if there is a restriction, go to the sec website, and follow the instructions or consult your OWN lawyer, not one on a search engine, if your own lawyer cant do it, he will find one that can. The search engine ones are usually suspect at best too, it rarely costs anything to lift restrictions if done properly.
Call me cynical, but I have lost alot, after much research, I dont lose anymore, and on occasion, I have even made some out of it.

you seem particularly well informed, kudos to your research skills!! are you familiar with boiler-rooms.co.uk. Lots of info here and i'm sure your contributions to some of the topics would be highly appreciated.
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Old Mar 19, 2007, 11:40am   #551
 
3 Posts
Joined Dec 2006
Hmm interesting experience. Mobilestream Oil is largly owned by a Mr. Frank Pringle and is quoted on the American OTCO market. Mr. Pringle is classified as a Serial Inventor. You need to look on the pink sheets on ticker code MSRM to read the progress of the company. Global Resource Corp. is another of Mr. Pringle's hopes. He is currently merging the two companies and indications are that the asset allocation report will be out in July. The stock will have been sold as Regulation S or Letter Stock. This letter stock can have the restriction removed so the stock can be sold under certain conditions but at no more than a fixed fee of about $100. Anyone offering otherwise is an advance fee fraudster.As to the value of these shares most of the value is currently hope value. I suspect that it will be a number of years before these share reach their potential if at all. There are many hurdles to overcome yet not least of which is whether the technical mechanisms for tyre degradation and conversion of heavy oils by microwave irradiation actually work. I should add that I have also taken a punt on the stock and appear to be in the same situation as your Father.

Last edited by Aquarius; Mar 20, 2007 at 9:31am.
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Old Mar 20, 2007, 11:36pm   #552
 
3 Posts
Joined Feb 2007
Pharma Holdings Inc

I had Pharma Holdings Inc checked out by the SEC in the states as it is a Florida based company. The SEC informed me that as long as I have a share certificate verified by Pharma Holdings that all is OK. I contacted the CEO Mr Klapp (yes that is his real name) and he conformed I was a share holder and he would be selling the company as soon as reasonably possible resulting in a signigificant return on my investment. Hope this is the case.

Quote:
Originally Posted by SusieD
The other day a friend showed me a share certificate for Pharma Holdings Inc. Looked a bit odd, though I don't know why. Maybe because you don't often see share certificates these days, it's all electronic.
Is it a scam company, or is it for real?
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