Can you get money back from an Investment?

wooder

dunstonh wrote: »

Hello. I am real and i am brilliant and will make you lots of money as I have an internet site that says so. Now pay me £50,000.

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Hmmmn... did a quick reverse search on Dunstonh's picture and came up with this...... :rotfl:

The_Real_Dean

jimjames wrote: »

First thing is to find out & check exactly what you have.

What does the documentation say? What does the share certificate say? What did you respond to and is that advert still available? How much was each share and what proportion of the company do you own? Was anything offered as a prospectus etc?

The documentation shows the number of shares i own followed by the proportion of the company, the nominal value (1p) of each share and how much was paid for each share (£10).

The advert isn't available anymore no i checked. They sent over both a financial forecast plus a prospectus although I'm unsure as to whether its possible to upload it here.

jimjames wrote: »

It sounds like they faked the accounts used in the prospectus and claimed to be developing a club that they weren't. Not sure how much more information you need.

http://www.camdennewjournal.com/news/2015/jun/neighbours-object-plan-turn-strip-club-nightclub

Surely this goes against that theory, wouldnt be so much of a public uproar over a nightclub that never planned to exist.

grey_gym_sock

i think you're clutching at straws.

suppose the company makes some genuine attempt to open a nightclub, but fails, and then runs out of money, having spent much of it on salaries for the director (and perhaps his friends and family). these things happen. it doesn't have to be an outright scam for your shares to be worthless.

even if the nightclub were up and running, if the director owns 100% of a class of shares which gives him full control (as was claimed earlier), then your class of shares could well still be worthless.

AndyT678

The_Real_Dean wrote: »

I'm inclined to think it's not a scam at this point as that is what the evidence suggests.

But your "director" could easily have taken himself and his angels off to Marbs for the summer to consume vast quantities of champagne and charlie while "scouting for venues". To be followed by the inevitable email along the lines of, "I've found a great spot for a club but the company's having some cashflow issues at the moment so we're going to do a rights issue. Would you like to buy some more shares?"

jimjames

The OP might want to search the forum for Carnaby Films plc. A company that seeks investment from individuals that also manages to burn through investors money leaving no return for them, film after film.

Unfortunately just because a company exists doesn't mean you will see your money back. One of the dangers of investing in unregulated schemes that can claim almost anything with no little comeback.

macman

To state the obvious, no you can't 'get your money back'. Your money is now invested in these dubious shares, and if those shares are now worth less than you paid for them, or indeed worthless, then that's what you'll get back. Assuming of course that anyone is interested in buying them at any price.
If the whole thing is a criminal scam (though there's no real evidence of that) , then you can forget getting your money back at all.
In future I wouldn't base your investment decisions on what Facebook tells you.

dunstonh

For the benefit of those that have not followed the ledger and simmons thread, that picture comes from their website and is a stock picture used on hundreds of websites. Although Toby Ledger insists it is him. That is another dodgy company active on social media.

antrobus

The_Real_Dean wrote: »

...http://www.camdennewjournal.com/news/2015/jun/neighbours-object-plan-turn-strip-club-nightclub

Surely this goes against that theory, wouldnt be so much of a public uproar over a nightclub that never planned to exist.

There was sufficient uproar to perusade the council to refuse planning permission.

http://planningrecords.camden.gov.uk/Northgate/PlanningExplorer17/Generic/StdDetails.aspx?PT=Planning%20Applications%20On-Line&TYPE=PL/PlanningPK.xml&PARAM0=402627&XSLT=/Northgate/PlanningExplorer17/SiteFiles/Skins/Camden/xslt/PL/PLDetails.xslt&FT=Planning%20Application%20Details&PUBLIC=Y&XMLSIDE=/Northgate/PlanningExplorer17/SiteFiles/Skins/Camden/Menus/PL.xml&DAURI=PLANNING

So, no Aquila nightclub in Camden.

GrahamTaylor

I also invested in Limitless Global Ltd, and while I thought the returns may not be as big as projected, I thought I may get something back. I wonder if we could start a group to see if we can get something back?

Sam_J12

I don't think there is much to be done. It appears that you legitimately own the shares and you will need to find somebody to sell them to if you want any money back. Carl Silverstone has sole power over what the company does, and I think there is a snowball's chance in hell he will buy back the shares from you. He is 28 so I doubt actually has any experience in setting up or running a nightclub, so I doubt you will see any of your money again regardless of whether he is genuine in his intentions. I would just right it off and be more careful in the future.