Someone posted this warning on a company called Nexus Ventures on one of my comments and I thought it would be good to share for awareness. No one cold calls for pre-IPO shares!
“There is this London based company called Nexus Ventures http://www.nexusventures.com who has been calling Singapore investors to invest into a pre-IPO stock of http://www.suntec-solar.com who they claim will be listed in 3 to 4 months in France. I highly suspect it is a scam because of few reasons:
a. High pressure sales call.
b. Call during odd UK hours.
c. Why look for small investor if the return is so good?
d. Why go through difficult retail channel if return is promising?
e. Unknown caller id.
f. Money to be sent through an offshore bank in Taiwan so they are not regulated by MAS.
Investors out there, please be aware. I hope I’m over-reacting so for those who has invested, good luck.”