Shanghai Wang Venture Inc.

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alexandra3

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what kind of restriction by US government youre having now? (not talking about some company from china)
 
Take the loss and walk away - don't throw more money away. Anyone taking big fees upfront is having a laugh.
 
Regulation S

Regulation S was crafted as a safe harbor that allows public companies to sell shares to non-U.S. citizens. In essence, while regulators wanted to assure that U.S. investors had adequate access to information about public companies, non-U.S. residents were not afforded the same protection. Those non-U.S. residents would be permitted to buy and sell shares, among themselves, even though the issuer had never registered those shares with the SEC.

In other words, companies were given license to do abroad what they could not do at home - dump shares on the marketplace without registration or disclosure.

Why would lawmakers, who so carefully crafted securities laws that demanded both registration and disclosure, also create this massive loophole in the system? Perhaps they truly wished to provide the international community easier access to U.S. public companies, or, conversely, they wanted to afford those public companies the ability to attract foreign capital. Cynics might say that American lawmakers were willing to overlook the impact on foreign investors so long as they could maintain order in their own home.

Whatever the rationale, Regulation S has engendered a booming business, particularly for small, struggling companies who are desperate for funding at any cost. Those companies, many of which trade on the OTC Bulletin Board or the Pink Sheets, have been willing to sell stock to overseas investors, at a deep discount from prevailing market prices, under Regulation S.

To qualify for a Regulation S exemption, the shares must be sold offshore to a non-U.S. resident, and may not be sold back into the United States for one year. Those requirements are not as stringent as they may seem at first blush. The U.S. market is foreclosed to re-sales for one year, but that leaves the rest of the world - and the market for U.S. public companies is thriving around the globe.

Boiler rooms operating in Europe and the Far East aggressively hawk Regulation S shares. Consider the case of the Brinton Group, which operated out of Bangkok, Thailand and other locations in Indochina.
 
Hello again
I thank you all for your quick responses, I wrote these shares off a long time ago and have no intention of throwing more money away. However same question applies, does anyone know anything of Shanghai Wang Venture Inc? if they are a illegal recovery room, I would like to report them to the FSA etc.
Thanks again
Phil
 
Phil

C'MON - you've been scammed by a cold calling operation before and have now been cold called again and have to ask here if they're a scam or not?

The people that are calling you are probably connected to the same scammers that ripped you off in the first place.

I wouldn't bother reporting them to the FSA, they're useless and will probably have 17 meetings before anything comes of it.
 
As soon as I saw the thread title, the name screamed scam! if I wasn't a mod I wouldn't have even clicked, but there you are, I am, so have to check members aren't being ripped by someone trying to peddle these things.

The t2w bin is full of scum who try posting adverts selling these things here, I am always saddened to find that the thread is of someone who have fallen for a scam :(

Not related to these type of shares but to a scam poster, I have, in the past, dealt with an incident of receiving a PM of someone here that took the bait and was taken for some money from a series of combo posts/PM's we were unaware of regarding "grail" training. I was actually really gutted that I hadn't realised what was going on soon enough and banned in time to save the hapless member his blushes.

Just stay safe people whether cold called at home or PM'd here, don't fall for it! report it!
 
I have just been contacted by SWV Inc to buy my Uptrend shares that I too had written off. Having been caught in elaborate scams before so my first statement was don't even bother to continue this conversation if I am required to pay even one cent. They didn't stop and have now sent details by email so I will wait (not with baited breath) to see what they have to say. Absolutely nothing to lose as I have already written off the shares.
 
Hi Todell, these people get your hopes up then rip you off, I have discovered that SVC were formally
Shanghai Capital Group Inc and are listed with FSA as unorthorised, I also found info below. I told the guy trying to get me to part with $7,500 to get lost. Be very careful.

Phil

mikeryemill 06 Nov 2008 , 12:56pm
We have been cold called from Shanghai Capital Group Inc, offering to sell shares in a company that they seem to know that we have shares in.

Could this be leading up to another "boiler room" scam ??

Report this message
marshn1 24 Nov 2008 , 5:02pm
Yes it appears this company are operating a scam. Which I have emailed the FSA about. The FSA replied to my email saying dont touch this company with a barge poll.
They claim to have st this company up in 1998 but the website was only set up in
September 2008.
They are targeting people with shares in companies such as Immune Tree, CoConnect
etc, and offering prices way in excess of their market value.
They will try to get you to get you to su=ign an Escrow agreed wanting money up
front.
DO NOT SIGN IT.elow.
 
shares

alexandra3 said:
Regulation-S US shares.

Hi I'm new on here I hope someone can help me. I currently have restricted shares in a US Company the shares are currently worthless. I have been contacted by a Company based in China called Shanghai Wang Venture Inc. Shanghai Wang Venture Inc. They say thay can sell the shares for me for a massive profit, so long as I pay a large fee to have the restrictions lifted. I smell a rat. I would be interested to hear if anybody knows anything of this Company. I have been sent copies of the Company business license etc. but of course these could be forged.
Thanking you in advance.
Phil
Click to expand...


Phil,
i have also just been contacted by Shanghai wang in the last few days says they can sell my worthless shares but i need to pay the warrants value on them. Did you get any more info on this complany.

regards
anthony
 
Pay money to them Ant and it will be stolen from ya - you're talking to conmen and thieves.
 
Anthony
These guys at SVC are very good at what they do they spend a few weeks building a relationship with you then hit you wth massive commission to allegedly have the shae restrictions lifted and sold for a profit. As mentioned before SVC were previously trading as Shanghai Capital Group Inc who are listed on FSA website as unorthorised overseas firm see; Unauthorised overseas firms operating in the UK
I would be very careful, also if you google SWV there is virtually no history for this company which is very odd as they say they have been trading for 11 years????
Regards
Phil
 
hI
I have also been contacted by Shanghai Wang Venture Company in China acting as brokers for a Chinese Real Estate Company wishing to buy my shares in a Dissolved Company Tagrose Holdings plc.
I wish to contact any persons who have been approached or have previously held shares in this in Tagrose Holdings Plc or is there someone who is familiar with mergers and takeovers of Companies who can give help and advice ?
 
Which Company did you hold shares in it appears that they are driving the scam further.I foolishly invested in a company advised through a Cold Calling broker.
The Company was dissolved in 2002 and now suddenly becomes valuable at a 10 times its original value because a Chinese Real Estate Company wants to buy it in order to list on the NYSE. The problem because of the warrants attached to my original shares i have to purchase the warrants only then the transaction with third party can be completed.
Clever tactics but i am not parting with any money - whats the saying 'once bitten .....'
regards
mister
anthony davies said:
Phil,
i have also just been contacted by Shanghai wang in the last few days says they can sell my worthless shares but i need to pay the warrants value on them. Did you get any more info on this complany.

regards
anthony
Click to expand...
 
Mustaq

I can give you some easy advice to follow.

ALL these companies are scams, the shares they sell are either worthless or fake. And the people that want to do business with you only want to steal you money - it is as simple as that.

If you or anyone pays any cash to them, you only have yourself to blame when the top returns you were promised turn into a 100% loss.

Again - stay well clear
 
Shanghai Wang Venture Inc

Dear Phil.
I am governed by an agreement of confidentiality with Shanghai Wang Venture, but I am able to give you my personal experience of dealing with this Company. Like you, I had purchased shares in a North American company which proved to be restricted, and not worth the paper they were written on. I was contacted by Shanghai Capital Purchase, who later became Shanghai Wang Venture when Mr.Wang joined them, and explained they were mounting a hostile takeover of the company in which I was holding my restricted shares, and that their client was interested in purchasing them. I explained that my shares were restricted, but they though this could be surmounted and later explained that there was a warrant attached to my shares stating that if I were to purchase an equal number of shares at a few cents each, the restriction could be lifted and my shares would become free trading. Bear in mind that any money paid for additional shares went to an Escrow Agent who held the funds on your behalf, and which could be refunded if you decided to pull out at any time. I have since had personal dealings with both the CEOs of Shanghai Wang who are very straightforward, honest and astute business men. I can assure you that the copy of their certificate of incorporation is quite genuine, and also that any financial transactions in China are closely regulated by the Government of China, with rigorous penalties if any rules are broken. This is a bona fide Company and I am very happy to be associated with them.
I cannot, as mentioned, disclose details but I can go as far as to tell you that my return for monies paid out are rewarded X 10. If you are able to rekindle your contact with Shanghai Wang I would urge you to do so, and go along with their recommendations
I hope I have been of interest and help
Regards
Norman Logan
 
Hello Norman
I thank you for your reply, this is the first positive comment I have heard regarding SWV. The bottom line is I have been previously scammed and lost money therefore I am suspicious of any firm that is listed as unorthorised by the FSA, therefore I feel it is too high risk to part with another $7,500 of my hard earned money for a unlikely chance of a windfall. SWC were inflexible with regards to the £7,500 fee to have the share restrictions lifted, therefore I backed out.
Regards
Philip Hill
 
Philip

Sorry but you're being setup again by Norman. He is full of crap and is working for the scammers.

They want you to put up more money so you can make 'big money'. Like I said you're being setup again and are too stupid to realise it.

Why can't people like you start to get real, and understand that anything to do with the shares you bought is a scam and everyone that calls you, contacts you or posts positive things on sites such as this is a low life thief.

Please don't take is personally but people like you really do deserve to lose your money as you just don't learn from your mistakes.

Personally I'm getting sick of posting to this board trying to help people NOT lose money when I'm surrounded by complete fools who never learn.

alexandra3 said:
Hello Norman
I thank you for your reply, this is the first positive comment I have heard regarding SWV. The bottom line is I have been previously scammed and lost money therefore I am suspicious of any firm that is listed as unorthorised by the FSA, therefore I feel it is too high risk to part with another $7,500 of my hard earned money for a unlikely chance of a windfall. SWC were inflexible with regards to the £7,500 fee to have the share restrictions lifted, therefore I backed out.
Regards
Philip Hill
Click to expand...
 
Norman Logan said:
Dear Phil.
This is a bona fide Company and I am very happy to be associated with them.
I cannot, as mentioned, disclose details but I can go as far as to tell you that my return for monies paid out are rewarded X 10. If you are able to rekindle your contact with Shanghai Wang I would urge you to do so, and go along with their recommendations
I hope I have been of interest and help
Click to expand...

If anyone believes that they deserve to have their money stolen and believe me stealing is THE business of these scammers and conmen.

You've all been warned - STOP TRUSTING STRANGERS WHEN IT COMES TO MONEY.
 
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