Seems like a new boiler room operation - no mention on T2W boards and not known to FSA. Usual story.
First a cold call (number withheld) from someone claiming to be renewing a contact from some months previously - discussion about my general investment situation - description of their services and referral to their website - wish to form a relationship of mutual advantage.
Followup call asking if I'd be interested in a further call if he could put something useful my way.
Setup call describing a company shortly to make an IPO for which they were acting as principle, and were thus able to allocate me shares at a lower price than the likely flotation price, which would almost certainly soar after flotation. Referral to the company's website to check out the excellence of the company's prospects.
The "hit" call, offering to sell me the shares at the bargain price. I asked for a copy of the prospectus, which he said I would have to get from the company. However, he suggested that I did not waste time on that, because there was such a demand for the shares that I'd likely miss out, and he'd hate that. I said that I had rung the company concerned, who had denied any forthcoming IPO and had never heard of his company. He took their number, and said he'd ring me back. Not so far, though there were some number withheld calls later that day while I was out.
First a cold call (number withheld) from someone claiming to be renewing a contact from some months previously - discussion about my general investment situation - description of their services and referral to their website - wish to form a relationship of mutual advantage.
Followup call asking if I'd be interested in a further call if he could put something useful my way.
Setup call describing a company shortly to make an IPO for which they were acting as principle, and were thus able to allocate me shares at a lower price than the likely flotation price, which would almost certainly soar after flotation. Referral to the company's website to check out the excellence of the company's prospects.
The "hit" call, offering to sell me the shares at the bargain price. I asked for a copy of the prospectus, which he said I would have to get from the company. However, he suggested that I did not waste time on that, because there was such a demand for the shares that I'd likely miss out, and he'd hate that. I said that I had rung the company concerned, who had denied any forthcoming IPO and had never heard of his company. He took their number, and said he'd ring me back. Not so far, though there were some number withheld calls later that day while I was out.
