owenpaulbrenda
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Datacept IPO
Hi Gary Yes I have been offered the shares @$6 however, I phoned the "company" and spoke to the investor relations guy who was quite honest. The company doesn't actually have any employees as yet . Whatever they do is outsourced and the only cash flow the company has seems to have derives from the digital images of the other company Photozombie owned by the same Leo Faso.
He has between 6 and 16 patents out for various digital processing technologies any one of which could take off but as yet they do not have a marketable product. I don't think its a scam but I also think that they are a long way from an IPO and very speculative as yet.
There is supposed to be a shareholder letter and a research report from a Florida broker out soon so I would just wait and see
maddisong said:
Hi Gary Yes I have been offered the shares @$6 however, I phoned the "company" and spoke to the investor relations guy who was quite honest. The company doesn't actually have any employees as yet . Whatever they do is outsourced and the only cash flow the company has seems to have derives from the digital images of the other company Photozombie owned by the same Leo Faso.
He has between 6 and 16 patents out for various digital processing technologies any one of which could take off but as yet they do not have a marketable product. I don't think its a scam but I also think that they are a long way from an IPO and very speculative as yet.
There is supposed to be a shareholder letter and a research report from a Florida broker out soon so I would just wait and see
Gary
I too have taken a small position in this IPO and am beginning to get concerned. Two things have set me thinking. Firstly the 'top client advisor' contacted me after my initial purchase and tried to sell me another 4300 shares. Secondly and more disturbing, one of things that gave this company's website credibility was a banner heading to another company (uk) based that I deal with. I thought perhaps this was a sister company specialising in offshore events and hence how they obtained my name and telephone number.
I have since learned that you can make a banner heading out of a cookie resident on the computer you are using, hence when you look at the website you see something different. Try it and see! I am not saying I have alaready written this off, but the more I think about it there are things that are not quite as slick as first seems and I would be interested in the name of the person who first contacted you, as I think the people are interchanging roles. I hope I am wrong.
Tony
I too have taken a small position in this IPO and am beginning to get concerned. Two things have set me thinking. Firstly the 'top client advisor' contacted me after my initial purchase and tried to sell me another 4300 shares. Secondly and more disturbing, one of things that gave this company's website credibility was a banner heading to another company (uk) based that I deal with. I thought perhaps this was a sister company specialising in offshore events and hence how they obtained my name and telephone number.
I have since learned that you can make a banner heading out of a cookie resident on the computer you are using, hence when you look at the website you see something different. Try it and see! I am not saying I have alaready written this off, but the more I think about it there are things that are not quite as slick as first seems and I would be interested in the name of the person who first contacted you, as I think the people are interchanging roles. I hope I am wrong.
Tony
owenpaulbrenda
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datacept ipo
The guy who cold called me from Edward Tate was Jonathan Silva (sounds Welsh on the phone)
Paul
Bigprofit said:
The guy who cold called me from Edward Tate was Jonathan Silva (sounds Welsh on the phone)
Paul
Hello all,
There seem to be some very sceptical views on this thread refering to both Edward Tate and Datacept which unfortunately for me I share. My intial contact with ET was with a Kevin Riley and have since had contact with Robert Taylor. I am in possession now of my share certificate for the Datacept shares signed by Paul Leo Faso (secretary treasurer & President) but do note that on the rear of the certificate it states "The shares represented by this certificate may not be resold to a U.S. person for a person of at least one year from the date hereof". Looks like I maybe stuck with them for at least a year then but will check next time I speak with ET. Im not sure that I believe a scam is in progress with reference to Datacept but something seems a little odd, hence my search for further information... Knowing what I know now I would have definately passed on the chance for the purchase but hey ho will have to sit tight now and hope for the best come September. Does anyone know if there are laws against cancelling an IPO especially as they have investors money... or is that classed as the so called risk / reward related to IPO's
Gary
There seem to be some very sceptical views on this thread refering to both Edward Tate and Datacept which unfortunately for me I share. My intial contact with ET was with a Kevin Riley and have since had contact with Robert Taylor. I am in possession now of my share certificate for the Datacept shares signed by Paul Leo Faso (secretary treasurer & President) but do note that on the rear of the certificate it states "The shares represented by this certificate may not be resold to a U.S. person for a person of at least one year from the date hereof". Looks like I maybe stuck with them for at least a year then but will check next time I speak with ET. Im not sure that I believe a scam is in progress with reference to Datacept but something seems a little odd, hence my search for further information... Knowing what I know now I would have definately passed on the chance for the purchase but hey ho will have to sit tight now and hope for the best come September. Does anyone know if there are laws against cancelling an IPO especially as they have investors money... or is that classed as the so called risk / reward related to IPO's
Gary
Just for the record... the Edward Tate woman that got arsey with me when I suggested their offer didn't smell right was called Stacey Cooper. The more postings that go up here, the happier I am not to have been drawn into this IPO. There was certainly no mention of restrictions on share sales or anything like the associated risks. Sort of inclined to ask if Edward-Tate and Due Diligence have anything in common. I suspect not. It's worrying though, how easy it is to get pulled in by a slick telephone manner (and I nearly was) but insisted on taking an hour to do a web-trawl... it was the complete lack of anything to find, except when pointed at by Edward-Tate that got the suspicions on the go... hopefully, future web trawlers will pick this thread up and take note accordingly. All the best to everyone who has bought in... I hope its not as iffy as it looks!
mlinfield said:
All
I was told quite categorically that there would be no restrictions on the sale of these shares. This was in response to my comment with regard to Reg S shares I hold ( purchased through UK based FSA regulated concern), where I have seen prices go up sharply in the restricted period only to fall, before I have a chance to exit.
The other thing I am now seeing is that I have yet to see the same contact name mentioned twice. Either ET are a vast organisation (somehow I doubt this, due to the lack of Web presence) or at best their methods are questionable. I remain concerned and as yet still have no certificate.
Tony
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owenpaulbrenda said:
I was also called from ET by a man called Jonathan Silva and bought a small amount to start with. I was then rang again by another who tried to offer me more shares but I refused. I have since tried to contact J. Silva but he is always busy. But I have recently received my share certificate. If anyone has any more info on ET or Datcept could you please post it.
Heres hoping
CC :|
I have had several calls from ET firstly from Colin Banks and then from Martyn Hall both of whom have been perfect gentlemen. They have assured me that if Datacept does not float I will get my money back. I asked for written assurance to this effect. Their E-mail reply is as follows "As per our conversation yesterday I have pleasure confirming that all clients will have investments returned if DDSI does not float within the anticipated timescale. I trust this satisfies your requirements and we would apreciate a
prompt settlement of the account. Kind regards Martyn Hall" The E-mail bears no Company heading; who is Martyn Hall and what authority does he have to give an undertaking of this nature albeit so vague as to preclude it from becoming actionable; what is 'the anticipated timescale' - they verbally state 120 days but will not confirm this in writing -; how can they give this asurance when the money is paid to another organisation "Omega", every thing they say is vague and ambiguous; but give them one thing they are persistent. It may or may not be a scam but I have seldon smelt anything more like one!!! I will not be buying the shares.
prompt settlement of the account. Kind regards Martyn Hall" The E-mail bears no Company heading; who is Martyn Hall and what authority does he have to give an undertaking of this nature albeit so vague as to preclude it from becoming actionable; what is 'the anticipated timescale' - they verbally state 120 days but will not confirm this in writing -; how can they give this asurance when the money is paid to another organisation "Omega", every thing they say is vague and ambiguous; but give them one thing they are persistent. It may or may not be a scam but I have seldon smelt anything more like one!!! I will not be buying the shares.
In early June I had a call from Lloyd Goldman from ET, a company I had never heard of. He delivered a lovely schpiel about Datacept and I got in. I then had calls from Philip Booth and Martin Hall to confirm the deal and to tell me that Omega Clearing Services would be contacting me regarding payment. It all sounded pretty professional. The certificates arrived in late July. In the meantime I had a couple of calls from Kevin Riley to update me on the IPO. His last call was yesterday trying to sell me another lot of shares quoting “Fortune” which has apparently run a piece on Datacept (I haven’t checked this yet) and saying that companies involved in antiterrorism technology would do particularly well even more so since the recent alerts in the States. He mentioned that institutional investors who can’t get in the IPO want to buy shares as soon as the company floats. And I wonder, how is it that a lowly private investor like me has been so lucky to get shares in this company which at least is going to double its price on flotation? By the way, KR said that the most likely date for flotation is 15 september.
I share your apprehension regarding portable phone numbers, difficulty in contacting people in ET and Datacept and the fact neither company con be reached through mainstream search engines. ET only have one phone number as far as I can work out (08707108577). Check this: http://www.fsa.gov.uk/enforcement/edward_tate_24june04.pdf
Not very promising, is it?
Good luck.
Tony
I share your apprehension regarding portable phone numbers, difficulty in contacting people in ET and Datacept and the fact neither company con be reached through mainstream search engines. ET only have one phone number as far as I can work out (08707108577). Check this: http://www.fsa.gov.uk/enforcement/edward_tate_24june04.pdf
Not very promising, is it?
Good luck.
Tony
Similar story to tell,received two or three softening up calls from Jonathan Silva and finally decided to dip my toes in the water against my better judgement. A day or so later a "manager" named Danny tried unsuccessfully to persuade me to take a much larger holding.Datacept seems a tuppeny halfpenny outfit with but one President and apparently no other staff. There is no documation or accounts that are traceable just a website containing a load of nonsense.I hope I am proved wrong on the 9th,15th,or whenever in September but I will not be holding my breath.
In the meantime have e-mailed Datacept in Florida for any information available
Live in Hope
Charlie
In the meantime have e-mailed Datacept in Florida for any information available
Live in Hope
Charlie
taymat said:
Dealing with your question regarding lowly private investors and IPOs, I was informed by a chap by the name of Daniel Charles (who introduced himself as the top man in ET and the boss of Colin Banks who I had previously contacted me), that due to a recent change in the law each IPO had to make available a small percentage of the stock to small private investors. He further said that ET themselves considered it very fortunate that they had been asked to participate in Datacept as out of 83 IPOs on the Nasdaq since they beginning of 2003, they had only been able to participate in two.
The telephone number you quote is the only one I know. However, they could have many lines on this number and looking on the bright side, you would expect them to be busy so near the listing date and they do ring back once you have listened to James Bond and left a message.
Lets hope us sceptics are proved wrong.
Tony
Just found this
ALERT
The Financial Services Authority (FSA) has today published this statement in order to warn investors against dealing with unauthorised firms.
The purpose of this statement is to advise members of the public that EDWARD TATE is not authorised under the Financial Services and Markets Act 2000 (FSMA) to carry on a regulated activity in the UK. Regulated activities include, amongst other things, advising on investments and dealing in and arranging deals in investments ("investments" include stocks and shares). The FSA believes that the firm may be targeting UK customers. Investors should be aware that the Financial Ombudsman Service and the Investor Compensation Scheme are not available if you deal with an unauthorised company or individual To find out whether a company or individual is authorised go to the FSA Firm and Person Check Service at http://www.fsa.uk/consumer/fcs/index.html
Date: 24 June 2004 Note: For the current list of unauthorised firms targeting UK investors, see http://www.fsa.gov.uk/enforcement/firm_alerts.html.
For more details about the tactics that are commonly adopted by unauthorised firms targeting UK investors see the warning issued in April 2003 available at http://www.fsa.gov.uk/pubs/press/2003/056.html the warning issued in May 2002 at http://www.fsa.gov.uk/pubs/press/2002/056.html and the warning issued in May 2000 at http://www.fsa.gov.uk/pubs/press/2000/071.html
ALERT
The Financial Services Authority (FSA) has today published this statement in order to warn investors against dealing with unauthorised firms.
The purpose of this statement is to advise members of the public that EDWARD TATE is not authorised under the Financial Services and Markets Act 2000 (FSMA) to carry on a regulated activity in the UK. Regulated activities include, amongst other things, advising on investments and dealing in and arranging deals in investments ("investments" include stocks and shares). The FSA believes that the firm may be targeting UK customers. Investors should be aware that the Financial Ombudsman Service and the Investor Compensation Scheme are not available if you deal with an unauthorised company or individual To find out whether a company or individual is authorised go to the FSA Firm and Person Check Service at http://www.fsa.uk/consumer/fcs/index.html
Date: 24 June 2004 Note: For the current list of unauthorised firms targeting UK investors, see http://www.fsa.gov.uk/enforcement/firm_alerts.html.
For more details about the tactics that are commonly adopted by unauthorised firms targeting UK investors see the warning issued in April 2003 available at http://www.fsa.gov.uk/pubs/press/2003/056.html the warning issued in May 2002 at http://www.fsa.gov.uk/pubs/press/2002/056.html and the warning issued in May 2000 at http://www.fsa.gov.uk/pubs/press/2000/071.html
peter green
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Just had a call from Kevin Riley trying to unload more shares as major client had pulled out from taking full allocation. Resisted taking more risk. Received share certificate couple of days ago and now wait to see what happens on date quoted September 9th!!Select said:
Still quoting from Fortune Magazine non specific information about anti-terrorism technology being the place to be in.
Fortune Magazine
In the article dealing with Terrorism and the potential for investors there was no mention of 'Datacept.'
Incidentally does anyone know if Edward Tate actually have a physical presence in Luxembourg?
Is anyone able to access their server - I am still refused, although it is supposed to be their Company Presence on the www.
In the article dealing with Terrorism and the potential for investors there was no mention of 'Datacept.'
Incidentally does anyone know if Edward Tate actually have a physical presence in Luxembourg?
Is anyone able to access their server - I am still refused, although it is supposed to be their Company Presence on the www.
warregui said:
if this were an imminent IPO on the nasdeq, surely it would appear on a number of bona fide listings. be interesting to see if you have any real recourse for return of funds via edward tate - that might settle any discussions on their (un)reputable status. another one of their "cherries" was osprey gold - that has fallen c.80% since their recommendation. :|
msc said:
Please supply more details regarding Osprey Gold. I had never heard of ET until Datacept and would like to hear about this recommendation, was it an IPO, when did they approach you, what percentage gains did they say were likely, who contacted you. etc Any info will help further to build a picture of the ET operation.
Thanks.
Tony
Bigprofit said:
Tony,
I was approached a couple of weeks prior to the stock (OSG) going south (3 months ago?). Predictions of stock movement were ridiculous - but at least Osprey is a listed company. Essentially it buys rights to mine gold - if the mine turns out good, future earnings rise accordingly. The name Colin Banks rings a bell - so at least this is consistent with other postings. I understand there was an issue with Osprey being sold on the Frankfurt exchange which depressed the Nasdaq value - I gathered this info from Yahoo Finance bulletin boards (plus official Osprey press release).
I think all potential investors need to recognise that risk and reward are linked. Also, Edward Tate (or other firms) should not be disclosing information not publically available - i.e. insider trading.
Datacept looks like the selling of a shell company that does not have the external backing to float. Edward Tate verbally promised (and alleged email) that monies would be returned - I think investors should start investigating if there is a genuine recourse for return of funds.
A little birdy told me that Datacept is now looking towards November for a float date - but does anyone know who the advisors are????
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