Thursday, March 23, 2006

More dodgy dealing

European Strategies India is actually based in Botswana. Their real name is Cross Border Advisory Services.

Their email arrives from 'Anna' with an attachment and no subject line. I usually delete those - lucky for me I checked this one.

The shares are American (surprise!) and covered by Regulation S which means they can't be sold to Americans. Only to us saps in the rest of the world. Why? Because they're worthless. They can't even be sold back into the American market.

The American stock market is providing these shysters with the products they sell. It's time they sorted themselves out. If the shares in an American company aren't worth buying in America, stop trying to sell them to the rest of us.

I wonder how many poor sods worldwide have paid up when they got the contract note, believing it to be legally binding?

It's things like this that make me think that there might be a use for guns, after all.

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