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Sidstone Gray & Partners
busterian
Posts: 102 Forumite
Has anyone had any dealings with this Company.
My Fiancee had some shares in a company who he believed went under - the share were worth next to nothing so he didnt really bother about it.
Over the last week or so, Sidstones have been telephoning him trying to buy 51% of shares to take over this company and have offered him £8 per share. This converts to a considerable amount of money - which could be well utilised right now!
However, the snag is that a "bonding" agent has to be used where my Fiancee has to pay £3,500 which is supposedly refundable once the deal goes through.
It sounds too good to be true and we were wondering if anyone had any further info. TIA
My Fiancee had some shares in a company who he believed went under - the share were worth next to nothing so he didnt really bother about it.
Over the last week or so, Sidstones have been telephoning him trying to buy 51% of shares to take over this company and have offered him £8 per share. This converts to a considerable amount of money - which could be well utilised right now!
However, the snag is that a "bonding" agent has to be used where my Fiancee has to pay £3,500 which is supposedly refundable once the deal goes through.
It sounds too good to be true and we were wondering if anyone had any further info. TIA
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Comments
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As always if too good to be true it is.
You will pay the fee and the sale of shares will not materialise for some unforseen reason.
If the shares are worthless then why would someone pay a fortune for them?Remember the saying: if it looks too good to be true it almost certainly is.0 -
> .... a "bonding" agent has to be used where my Fiancee has to pay £3,500 ....
Unfortunately it sounds just like a scam I was reading about targeting people who have shares that have fallen very low.0 -
Yes, m0n3y I know it sounds like a scam but I cannot find anything really to link it to a scam. However, I am very sceptical and wont let him go through with it anyway.0
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Sidstone Gray & Partners
busterian
I Am currently involved as you are.
What companies shares are you holding?0 -
Think about things logically.
Why would anyone offer to buy something for £1 that is only worth 1p?
If you pay money out you won't see any of it again and certainly won't get any money for the shares. What guarantee have you got that you will be paid for the shares once you hand over the money - none!
Heed the advice on the FSA website.Remember the saying: if it looks too good to be true it almost certainly is.0 -
There is no such thing as 'bonding' when you buy shares.
This is a scam that is extremely plain to see through. When you sell shares, you pay any costs from the proceeds. Tell them to take their so-called 'bonding fee' and take it out of proceeds, and send you the balance. You should hear nothing further.0 -
Waiting for the new member with their only post being to say they have dealt with this company, paid the bonding fee and received a fortune for their shares.0
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LOL @ nrsql0
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