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Old 04 June 2003, 04:33 PM
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BMW bikes
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I had a phone call from a company called Intersecurities about buying some shares in a particualr company they claim to be able to get 40% off the current share price and charge me no trading fees at all on buying and 1.5 to 4 % on sellign the same shares. The only stipulation is I have to keep the shares for one year.

The FSA do have them on their register
http://www.fsa.gov.uk/register/

and their website is http://www.intersecurities.eu.com/

The thing is the way I was phoned by what felt like a sales man just made me very suspicious but he claims that the company has been around for thirty years (I havn't found a way of checking that yet)


this is the company he is trying to sell http://www.crescommservices.com/
Old 04 June 2003, 04:59 PM
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Mungo
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Looks like a small comms co in the Pacific NorthWest but with 42% revenue growth in last year.
Listed on OTCBB in the US under ticker CCES. Share price has been between $1 and $0.20 and is currently $0.30.

Guess it's a bit of a gamble on a company you've never heard of. They're obviously desperate for cash to issue stock for a 40% discount, and that might be a bad sign, but maybe they need cash for an acquisition or something. Can you afford to lose your whole investement? If not, don't risk it!
Old 04 June 2003, 04:59 PM
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There's no such thing as a free lunch.

(Its only a cliche cos its true).
Old 09 June 2003, 04:34 PM
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The stock is being sold on the story that they are the only company
to have developed software that meets new guidlines set by the US government for the security of hospital records. The 'story' goes that buy the end of this year all the hospitals in the USA will have to have this sofware or somthing like it and currently no other rivals have released a rival product. The 'story'also mentions a tie up on this software with IBM but I have not found any mention of this or the software the banker was harping on about on their website.

The other thing is they want the shares paid to a Law firm called RA Hansgoetz Werner and say this is standard practice for all invesment banks and it would help knowing if this is true.

Old 09 June 2003, 04:37 PM
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And another thing is that the balance sheets seem to show less turnover than a busy highstreet supermarket which seems strange.


http://biz.yahoo.com/fin/l/c/cces.ob.html
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