I think it would be useful to set up a thread listing all the Boiler Room Scams that are currently in operation.
What is a boiler room?
Basically, a room full of salesmen (con men really), who are unregulated, and will cold call you to try and tempt you to part with your money and invest in some "amazing" company which will make you a millionaire. The stocks are usually unlisted and therefore difficult to sell once you have bought them. In reality they are likely to be worthless.
They tend to target people who already own shares, and will get your phone number / contact details from lists that they have bought, including shareholder lists.
More often than not, they are based overseas.
Whatever, you should NEVER deal with them, and NEVER deal with anyone who cold calls you from a company who you have never dealt with before.
I hope that this thread will be used for people to list the names of the offending companies, in order to warn others.
To start with, here is a list of those already mentioned on other threads....
Portland Ventures
Elliott Price
Edward Tate
Capital Asset Commodities
Jefferson Holt Consulting
Please feel free to add any more.....