Hi Anley,
No problem I'll be able to convince him.
Have you heard of others that have specifically been scammed buying shares of Biocide International?
Cheers
Phil
Phil,
Which company was he sold as well. I see there are two companies, Bio-Cide International, Inc. (U.S. -
Bio-Cide Sanitation & Disinfection Technology - Norman Oklahoma) and Biocide International PLC (U.K. -
Biocide International PLC). What was the symbol and on what exchange? (careful if they NASDAQ because that usually means one of the OTC exchanges). Who is the "broker/international advisor"?
If it´s a scam, this type of info. will help expose it. Usually the Company that the shares are purchased in is legit (for legal purposes, not to say they are not run by shady people) and it is the "broker" who is b.s. and doesn´t reveal exactly what they are selling.
"Look in the mirror with polaroid sunglasses on and see can you see the words " SUCKER " written across your forehead. We all have it written there, otherwise how come we send our hard earned cash to total strangers from the other side of the world." - ADRIAN123456
Adrian, I get your point but it is also a bit ignorant to think ALL people who do business with strangers from around the world are "suckers". Not all people are scammers and if you do proper due diligence, you can do good business with people you have never met. How else do you expand a business or get new customers??? Only through people you know? How do you network? In todays world it is not cost effective to fly to 10 different countries and meet with each individual for 10-20K investments! Have you ever met the guy who gave you your credit card? That is giving someone 20-50K or more, they just do proper due diligence and background, which is the same thing people investing in anything should do.
I have worked in finance for several years and you might be surprised to find that people who invest less money do more background checking and information gathering than people who make investments at 100K+. People who invest larger amounts are just more accustomed to doing business with strangers than average investors.
I do agree however, if you do not know how to check up on a company properly you should just stick with big name brokers or someone in your area. (although we have all seen that even going through a big broker isn´t always 100% secure, Madoff, Bank Failures, etc.)