Smart Technology Inc

Hi everyone, I've been offered a deal by a company called GS Holdings from New York. They will purchase my Smart Tech shares from me, but I have to purchase shares in the company 'Visa' with the proceeds, plus buy an extra $10,000 of shares in 'Visa'. As 'Visa' is a publically traded company I will be able to sell them immediately if I want to.

Has anyone come across GS Holdings before? Does this sound legitimate?

I look forward to hearing any feedback that you may be able to give me, thank you. in advance.

Daniel

Daniel, don't do it! Unfortunately your Smart Tech shares are worthless, so ask yourself why would someone come along and take your worthless shares off you and give you something of value back?

They won't - they just want to take more money off of you. Your reference to 'Visa' shares - do you really think that you are buying shares in 'Visa'? It is very likely that you'll not see any paper work, and if you do, it will be forged and worthless.

Take it on the chin and throw away whatever you have for Smart Tech - do not be tempted to release any more money.

Thanks for your reply ArrEnn, I had already decided not to do the deal as GS Holdings is not registered with the SEC. GS Holdings said they would only do a deal if I put some money in upfront, which sounded fishy any way.

certainly sounds dodgy to me

In regards to the whole mallarky lets hope as with ATI petroleum which i have been seen posted here as being a disaster and would never float however it did actually list on the euronext and spiked considerably that the same goes for Irisio/STI

I have also contacted STI in the US and spoken with investor relations, cant remember his name but he told me that they have been trying to get on an exchange for a while, he told me that the regulations and costs etc to launch on the Amex were to great to consider and they are now seeking a listing on the Euronext exchange, he informed me of a meeting with the exchange on June 6th, maybe worth checking out with the exchange if they will divulge the info. I then contacted the French Number on the Irisio website, i spoke at length with a Carlos who told me that maybe by the end of this year they will launch however it was not likely as shareholders would loose too much money ??? (not sure what he meant there). He told me that they currenlty have about 8,000 accounts and are looking for at keast 12,000 before they will launch. He said they have been investing heavily into Middle Eastern and African markets as 90% of their clientel is French based. They hope to achieve this by early next year if not the end of this year, anyway at least i got through to someone, i hope for all who have invested over the years that all of us are wrong and infact someone makes some money here if not get back a part of their investments

Hi, all you knowledgeable people. Can anyone offer me advice. I decided to approach Dr Paul Morjanoff, Managing Director,Financial Recovery and Consulting Services Pty Ltd, regarding my investment in Smart Technology Inc. He says he will pursue the possibility of a refund, not too promising though, but I must make a contribution to a general fund, my contribution being $4000. Can anyone tell me if this is just another scam? Sounds like it.

It is an advance fee scam for sure. Read the boiler room thread here on T2W and you will many many such stories of companies offering to sell, de-restrict or exchange worthless shares.

How do I get onto the boiler room thread?