DASPV Fund Alternative Investment

LardyCake

Hmm, "enriquo" joined forum today (07/12/2010) and posts three times to resurrect threads about the same "get rich quick" scam:
http://forums.moneysavingexpert.com/search.php?searchid=94005688

I smell a rat.

enriquo

What you smell is genuine concern, is there a problem with that?

Greycrow

enriquo wrote: »

What you smell is genuine concern, is there a problem with that?

None, but the advise above is good. This investment sucks. leave it alone.

enriquo

Thanks, I personally wouldn't touch these guys with a bargepole but I know someone who is about to 'sell' (read give) their business to this outfit and would love some concrete evidence to help to dissuade them away from what is a clearly ill advised and foolhardy venture.

Voyager2002

enriquo wrote: »

Thanks, I personally wouldn't touch these guys with a bargepole but I know someone who is about to 'sell' (read give) their business to this outfit and would love some concrete evidence to help to dissuade them away from what is a clearly ill advised and foolhardy venture.

Just tell your friend to make sure that s/he is paid in advance, and in cash.

enriquo

They are buying half the business for a nominal sum, it's beggars belief.

Reaper

Let me guess - they say the half that's left will be worth more than twice as much because they will turnaround the business and make it hugely profitable.

If I guess right then the obvious response is why don't DASPV pay market rate for the half they are buying because it will be worth so much more to them when they have turned the business around?

As I see it on one side DASPV are persuading businesses into giving them virually free equity and on the other side conning investors into providing the cost of the equity and more.

I suppose the fact they are actually trying to actually do a turnaround is an improvement on the scam where investors hand over money for ficticious investments but I would still be amazed if either the target companies or the investors ever get their money back.

Being a new company with no track record I can't provide the evidence you want that it will end badly other than the fact they are not allowed to get money from investors as they are not FSA registered but are doing so anyway.

As John Whiteman seems to be a key player and has supposedly 18 years experience (I'm doubtful) I suggest your friend asks him to provide the names of 10 companies that his existing company River Management has worked its magic on and goes and speaks to them on the off chance he actually manages to come up with a list.

enriquo

Exactly! Thanks for your thoughts, much appreciated.

nrsql

Loughton_Monkey wrote: »

This is definitely (in my view) to filed under "Avoid like the plague" and "Do not touch with a barge pole".

They even do their marketing on the cheap by trying to get 'tenders' from people doing it from home:

Disagree a bit. If you're a strong enough character try stringing them along. See how much of their time you can waste. While they are dealing with you they are not targetting someone more gullible - and it can be fun.
Just be careful not to give any information - address, phone number... that they don't already have.

jimjames

enriquo wrote: »

They are buying half the business for a nominal sum, it's beggars belief.

If they are buying half the busines - is it exactly half or 51%, if it is a controlling interest then they could make decisions like sacking all the staff or selling off assets which they can then benefit from for no initial cost to them.

If your friend hasn't already taken legal advice I would definitely advise them to do so before any signover.