Restricted shares

Aha! I wondered how they would make money by offering to give you money when buying back shares. I wonder how much you had to send them?

£2,500 approx! nice little earner don't you think? This was a Japanese company that offered to buy the shares. How they got our details I don't know. These traders are so heard-hearted, they don't care if they ruin you. I read of a man in his 90's and they robbed him of evertyhing!

Some fee. Cheeky feckers. Just as well you asked on here.

Hi Everyone

Just to let you know our progress. I decided that the only way forward was to find out once and for all if the shares were genuine so I emailed the Green Machine Dev. Corp. and asked them how I could do this. The company admin staff took our details and this morning verified that we are indeed shoreholders. The shares are genuine. The phonies are the people who keep trying to 'buy' them from us. I have now asked them the rules on the restriction that was put on these shares when we bought them and await their reply. I will keep you posted.

Well, that is a relief in a way. Keep us posted.

Dear Madam,



Hi

This is the reply from my email to Green Machine about restrictions.


The Company’s permission is not required. Reg S shares may be traded at any time to any person (or corporation) who is not a US citizen or resident of the US .

I have to say, Green Machine have been straightforward and helpful when I have asked them questions which is reassuring. I now feel much clearer about what I am dealing with.

Next question, selling these shares, what is the best way of selling them when we want to sell them? Advice would be appreciated. Also what is the usual rate of commission?

This is very correct when it comes to them being sold to you, selling them on is where the fun starts. Contact Green Machine and see what they can advise. Due to them being Reg s shares you may not be able to sell them on until the year is up.

It would seem a good idea to get rid of this investment and put the money into something safer and something that your more sure of. This is typical high risk low return, preferably you want either high risk, high return or low risk, low return depending on your risk appetite and how much you can afford to lose, although I assume they sold these to you under the title of low risk high return.

Hi Lee

The year's restriction is now up. We have been contacted by Joseph Clementine from EIG? who is giving us regular advise about selling these shares. Yesterday he said EIG is transferring portfolios to another firm as they are not in a good trading position. He has quoted 5% commission to sell.

I have to say, as we have nothing in writing to say he is legitimate I would appreciate questions I should ask him and what verification I should ask him to send before dealing with him, if ever.

I wil contact the Green Machine for advise on selling