Global Shares Ltd?

jodfran

Hi i thought id register on the forums just to share my fantastic Global Shares Ltd experience with you all!

Regardless of what computers can do with billions of statistics, lets get back to the subject, this Global Shares Ltd company is a complete scam in my opinion and heres my story.

I rang up to see what Global Shares Ltd had to offer because their brochure was so bland and uninformative. Surprisingly enough I must have got the same Aussie on the phone as one of the previous posters mentioned lol.

After much a to do of him talking to me about what the software can do he quoted me £6,800 + vat to buy it and I had to all of it pay up front lol.

I've checked their website Global Shares. The first thing that strikes me about this website is why would a company with 90,000 clients world wide and obviously therefore a multi million pound turnover have a government/charity domain name extension (.org), why not invest in a proper .co.uk or .com one? Secondly there's no real contact information on the website except a contact us form. Thirdly the website has no Google page rank and has no back links to it, why would a company who has produced a brilliant piece of software that can predict short term stock prices and make people rich have no links to their website from articles, press websites etc?

Here is the address that is printed on the back of their lame transparent brochure: False Address.

The actual company who operates here is a wine bar called Vertigo 42, hell they must operate a multi million pound stock software company whilst getting completely paraletic on booze, perhaps that is what gives them such a vivid imagination about their company and fantastic software!

The aussie guy was kind enough to email me two website links for reviews on their company! I'm so eternally grateful, heres the two websites he linked:

http://www.stockmarketfederation.com/ and http://www.homebizbasics.co.uk/, both of which look like they have been put together and editted by a 14 year old school boy who has discovered an outdated version of Dreamweaver. Perhaps Global Shares Ltd is also in the website design market?

But after all I have to admire the chaps faith in me, he finally offered me a deal too good to be true, I would only have to pay half (£3,400 + vat) of the money for the imaginary software upfront if I bought it today and the other half would be paid for by the profit I would make in the first couple of months using it. Hats off to the gentlemen for an offer that is too good to be true, quick I best pay by the epayments option offered in one of the microsoft word documents emailed to me and give this guy a boat load of money for taking the time to talk b*llsh*t to me on the phone for 30 minutes.

Oh by the way, Simon Cavanaugh who he was confering with whilst on the phone to me was meant to be the marketing executive of the company, now on the eGlobal Shares Guarantee form emailed to me hes the chief executive officer, i wonder what else the great Simon can do?!

Now ive heard of some cons before, but this is amateur time, avoid this company!

For further information i will also link the 3 documents he emailed out to me:

eGlobal Shares Guarantee

ePayment Options

eSpecial Offer

Dack

BTW their website was created on 16th of October last year.

Domain ID: D149421398-LROR
Domain Name: GLOBALSHARES.ORG
Created On: 16-Oct-2007 16: 19: 30 UTC
Last Updated On: 16-Dec-2007 03: 48: 38 UTC
Expiration Date: 16-Oct-2010 16: 19: 30 UTC

With an incorrect contact number and two contacts who seem to be a bit 'sportsman'y

Stockmarketfederation was created in August 2007 and Home biz basics is November 2007.

Oh and http://forums.moneysavingexpert.com/showthread.html?t=601844

safetyguy_2

My thoughts on Global Shares and their validity are far from technical eg number crunching computers, or scientific but:- It seems a little strange to me that the exact same photograph (though a mirror image) of a silver haired couple, used on the Global Shares testimonials page (17) can be found on page 106 of this weeks 'Yours' magazine advertising an energy helpline.

14tons

Please be aware that they have re-branded themselves as: GSL Associates. The address is the same, the offer is the same! The searches on GSL Associates brings very little. The link is the company number; 04863745 Beware.

RayWolfe

David, you purport to be a clever chap, so see the facts before you.
Think about this: "If this were any good, why would they be selling it to you, why are they not using it exclusively and cleaning up in the market?"
So why do you feel the need to make enquiries?

Just trying to help you reach the right conclusion.

cheerfulcat

DavidHarbitonCFA wrote: »

I have recently visited the offices of GLOBAL SHARES LTD at tower 42 at Old Broad St. The office certainly exists, this is my first post on this site, I am a chatered financial analyst. I am retired now, and was intrigued orignally by the returns that were published in the brochure I received...

Point being if ur ignorant enough to post that Tower 42, a building I worked in for several years formerly the old natwest building is preposterous!

An office may exist but it could well have been rented from Regus. Offices mean nothing when it comes to the legitimacy or otherwise of a business.

dunstonh

Regus have business offfices and virtual offices which allows a firm to have a prestige address but Regus just act basically as a post box.

I could get myself an address at tower 42 if I wanted as could you. Its very simple.

IT_Investor

I have checked the various official-looking sites that namecheck this software by doing a 'whois' on the domain names;

gslassociates.net
IP Address: 194.154.164.90
IP Location: United Kingdom
Website Status: active
Server Type: Apache/2.0.54 (Fedora)
Cache Date: 2008-05-07 10:46:16 MST
Compare Archived Data: 2008-02-18


info4stockmarket.com
IP Address: 194.154.164.90
IP Location: United Kingdom
Website Status: active
Server Type: Apache/2.0.54 (Fedora)
Cache Date: 2008-05-07 10:43:07 MST
Compare Archived Data: 2008-02-18
stockmarketassociation.com

IP Address: 194.154.164.90
IP Location: United Kingdom
Website Status: active
Server Type: Apache/2.0.54 (Fedora)
Cache Date: 2008-05-07 10:39:53 MST
Compare Archived Data: 2008-04-02

extraincomefinder.co.uk
IP Address: 194.154.164.90
IP Location: United Kingdom
Website Status: active
Server Type: Apache/2.0.54 (Fedora)
Cache Date: 2008-05-07 10:47:35 MST
Compare Archived Data: 2007-12-13

Every IP address listed is the same, in other words all these sites with positive views just happen to be on the same server - coincidence?

I also asked a friend to call and see if they made the same offer. Yup, after 1/2 an hour it went from £7995 to £3995 if he bought it before the paperwork etc needed to be sent.

I have not used this software, but I'm saying it's very very fishy. Ignore the wine bar nonsense, I have drunk in Tower 42 in Vertigo and the rest of the building is used primarily by financial companies.

deano1964

I purchased the Global Shares software a few months ago. I have had nothing but trouble with the software. They have had to send me a replacement. Sometimes the figures it comes up with just don’t add up and they can’t explain it. The aussie guy promised help was always at hand – ONLY if you have a 9 to 5 job. When you need help you are obviously using the system at home after hours – exactly when they are not there to help. I assumed support would be available till around 8 or 9pm – when everyone needs it. I have not made a penny so far and if I made the £20,000 (even £2,000) over the 12 months as promised, I will be shocked. I chose the London Stock Exchange to trade on. The system rates all of the LSE shares with points – the more points the higher the recommendation to buy. What it DOES NOT tell you is any background on the company or why it recommends it. I also did a dummy trading account with 10 parcels of shares. More have decreased in value than increased in my real and dummy trading portfolios. I expected (as told) that it would also advise you when to sell, but it DOESN’T. It tells you if the stock has gone up or down by a nominated percentage (which I could add up myself with a £2 calculator) and lets you know when the stock has been kept for longer than a nominated period of time (again which I could work out myself with a £0.50p calendar and a pen). I DO NOT recommend anyone purchase this system. It is not what they promise over the phone.:mad:

deano1964

I have just called Global Shares and told them that 10 of the 14 practice shares I have lost money with as well as the real shares I have traded on their advice and therefore I am reluctant to invest any more cash. I pointed out the other downfalls of the program. He offered no explanations except that the market has been 'volatile lately'. I said that if the program was so good, it should be able to predict a share on the way up even in a bad market'. He asked what he was supposed to do. I said 'refund my money'. He said to write to Paul Armstrong. I doubt I will get anywhere but will keep you informed.