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Comments

  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you accept free shares which are not paid up, then you are accepting part liability for the debts that the company incurs. If they take out a loan and default on it, then you will be required to pay a proportion of their debts along with any other shareholders who haven't paid up.

    All in all, you run a very real possibility of ending up badly in debt by accepting "free" shares.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • Masomnia
    Masomnia Posts: 19,506 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Aegis wrote: »
    If you accept free shares which are not paid up, then you are accepting part liability for the debts that the company incurs. If they take out a loan and default on it, then you will be required to pay a proportion of their debts along with any other shareholders who haven't paid up.

    All in all, you run a very real possibility of ending up badly in debt by accepting "free" shares.

    Wow thanks for that, and to think I almost signed up thinking 'What's the harm, maybe I'll get a few quid?'
    “I could see that, if not actually disgruntled, he was far from being gruntled.” - P.G. Wodehouse
  • evenasus
    evenasus Posts: 11,866 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    One more thought... Why has the OP (seraphim) only posted the first post, then nothing since?
  • poppy10_2
    poppy10_2 Posts: 6,588 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Test account for anyone who wants to have a peek at the members section:

    username: moneysavingexpert@mailinator2.com
    password: moneysaving

    Deffo a pyramid scam.
    poppy10
  • Reaper
    Reaper Posts: 7,356 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    Thanks Poppy.
    In May a significant part of the income stream comes online: a business marketplace where businesses of all sizes (everywhere) can create a web presence using a great new tool. It’s a bit like E-bay without the fees. Members (and non-members) will be able to search the site for whatever product or service they are looking for and order direct. Me2everyone gets a commission on all sales made and members will also get a discount on any purchases they make.
    No fees, but you pay commission??? Sounds a lot like fees to me. And businesses will have to give a "discount" to everybody.

    Are you sure that's better than EBay martinkoz?
  • Browntoa
    Browntoa Posts: 49,612 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    I've got an idea, lets set up a site where you get ALL the commision back yourself....no , hold on it's been done , called Quidco/Topcashback etc

    and cut out Me2everyone getting the money instead
    Ex forum ambassador

    Long term forum member
  • martinkoz
    martinkoz Posts: 30 Forumite
    thank you all
    it is pretty interesting to see that all this negativity is coming from people who has not signed up,
    i dont see one bad remark from the 400.000 people who has signed up so it is a rather bias opinion
    as for liability ? it not even launched yet and all the have from those members is a anon name and a email address you can pickup from hotmail,
    when it is launched you can see the site see what the shares are doing and then decide if you wish to be a part of it,
    sounds a pretty safe bet that,
    it is at that time like any other investment you can decide if you wish to take on any shares just like bt shares of which i had a choice to buy and take the risk of the shares going up or down but in this case i not paid for any shares, if you are right what are the liabilitys spread between 400,000 people? and that is if the company fails what are the odds that a big company will fail? same as the odds on any other company,
    well time will tell i am not convince that all these people who standing outside the front door looking is are correct and i think it is far to early to say if a venture will fail as it is known the company has not even to date floated thier shares on the market as yet and all i signed up for is to learn more ie get a prospective to which i then have the choice of walking away or collecting the promised shares
    ie noval idea sign up and turn the free shares down
    and use the facilities like you do on face book second life google and of course ebay,
    i note that the negative comments are all coming from people who has not signed up and not a bad word can be seen from the 400,000 that has sigfed up,
    ie as you know i have signed up and it seems a pretty safe investment more will be known when i am asked to collect my promised shares etc when it does become live
  • Personally I'm not impressed by a recommendation from anyone who doesn't know where their SHIFT key is, and who can't be bothered to proof-read their own posts.
    "The trouble with quotations on the Internet is that you never know whether they are genuine" - Charles Dickens
  • Aegis
    Aegis Posts: 5,695 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    Personally I'm not impressed by a recommendation from anyone who doesn't know where their SHIFT key is, and who can't be bothered to proof-read their own posts.
    Even less so when the directors of the company in question are currently being struck off the Companies House list with another one of their ventures. I would suggest that this would be very bad news for anyone holding shares that aren't paid up.
    I am a Chartered Financial Planner
    Anything I say on the forum is for discussion purposes only and should not be construed as personal financial advice. It is vitally important to do your own research before acting on information gathered from any users on this forum.
  • So you ask, what are the chances of the company failing? Very high it would seem when dodgy directors are in charge. A company is only as honest as the people who are in charge, and in this case, not very.
    Northern Ireland club member No 382 :j
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