Global Shares Ltd?

anticlaus105

This thread should be deleted. And any scammers frequenting it should be tracked down and horsewhipped.

jeedaces

Please, take a deep breath and steady your thoughts and fingures before ranting on about spelling and relating it to forex trading !!!! To be perfectly honest it dosen't bother me in the slightest what you believe or think you know. I am not by any means advising people to buy this software or any other platform out there, however there are thousands upon thousands of remote traders around the globe including myself who make in some cases, far behond an average income. this site however is as you can see swarming with all the remote traders around the globe who have actually invested in a trading platform !!

Thwibble

I wish to tell my little story about JBC. Had Jacob Evans (South African) call me followed by Paul May, then the head honcho Gareth Hughes (both Australian).
Paul May was the most obnoxious. He could talk rubbish for half hour at a time without coming up for air. Quite a gift really. However, he was aggressive and arrogant and left me thinking that anything requiring hard selling tactics couldn't be all that good.
I think they must have been reading from a script as they all mention Gordon Ramsey's poor accounting methods, the package being sent to me by courier the next day, etc, etc.

The only times they were a little bit lost for words was when I asked them the following technical questions.......

1... Can you tell me who is trading as JBC?

2... I cannot find any info about JBC on the web apart from the website which has no meaningful information. Can you elaborate?

3... I see you have the same website as a firm named GSI. How are you connected?

4... I understand everyone's sueing the pants off GSI. Why did you get involved with a firm that was so dodgy?

5... From what I understand, what I'm paying for is a programme which is merely a tool. How can a programme predict the future of the market? With all the satellites and technology around, nobody remembered to mention a certain little hurricane that did a spot of damage to the South of England in 1987. (whoops, showing my age here)

6... On your glossy brochure, it has a bar chart showing how you made £50,000 from an initial investment of £1000. I pride myself on being reasonably edumacated, but cannot quite understand the small print. Did you really make the money or not? What is actually guaranteed real and verifiable?

7... Where are the terms and conditions of business and the contract for me study?

8... How would you ensure that I wouldn't use a friend's account to trade with so I could get out of paying the deferred balance of £4000 by not earning £20,000 in the first year?

This is how Paul May answered....

1... Erm, its JBC Associates International trading as JBC. There is no need to state an indivdual.

2... Oh well, I don't see what you're getting at. You're not buying the company. The website is really for members.

3... Oohh, arhhh, erm, ahem, JBC has taken over GSI and has all of their accounts. All of GSI's clients are being serviced by JBC now. (abridged version)

4...Ahh, its a bit like Pizza Express that took over a dodgy rival and then turned it around. (I stopped listening to his drivel for a couple of minutes).

5... The programme is so easy to use. We can have it couriered over to you by tomorrow. You pop it in your computer and by tomorrow you can be trading and making a pile of money. I will also assign my top trader as your mentor to hold your hand and to guide you.

6... Ermmm, ok, its a real simulation of a simulation with simulated money. The reason is that our traders are so busy, we could only use simulated money. But if we had used real money the simulated result would have been real.

7... We don't have a contract or terms and conditions. You have my personal guarantee that I will personally buy the franchise back from you if you dont make your fortune in 13 months. What more do you want?

8... You wouldn't want to as we trust you and we intend to invite you to become a day trader.

To be honest, I felt the answers weren't quite as fluent as their sales pitch. Didn't ask about financial rules and regulations as I'm not too clued up about them, but the other stuff was good enough for me in the sense that it was a company to steer well clear of.
They could certainly talk bollox though. I wonder if there is such a sport in the next Olympics? Gold medals all day long.

I would like to point out the two websites (or should I call them websh*tes?) which they told me to check out, the homebizjournal and the stock market commission, that give glowing reviews to JBC are non existent, recently formed organisations.
Yeah mate, I'm handsome, charming and seriously loaded and own the freehold to the moon.
But its probally best to ask someone else just to be sure.

I had rang GSI trader and they woudn't disclose their registered address and told me that there was too many people trading as GSI to mention and wouldn't give their names.
I also called JBC pretending to be an ex GSI client and that as JBC was now processing the old GSI clients, could they possibly help me. They denied everything and claimed I had the wrong number. So Paul May may have been talking out of his hat.

Seriously, my advice is DO NOT BUY! Ask yourself why a group of strangers should give you a bag of money.
From personal experience, money only came to me after much hard work.
Focus on the £4000 loss, not the £20,000 profit.

Remember that thing we all learnt at primary school about a bird in hand being worth two in the bush.

andytrow

Take the above advice and do not buy this product!!

bearsy55

hi all ive been getting the same treatment from an australian too Liam Davies also retorted dont you like earning loads of money after told him it was a scam asked me to go to a couple of websites he named saying others were idiots and bias dont no who he was referring too will udate as soon as they get in touch but not getting my dough . just a quick update as Thwibble descibes Paul May was in contact asked y i didnt want to earn money also told him where to get off please do not touch thanks again for the info

r1cicles

Given all the negative comments about JBC, Paul May and Gareth Hughes etc. I thought it would be useful for everyone to hear from someone who has actually invested in the programme to hear reality rather than conjecture! I am about a week or so away from the end of my first trading period and I will come back then with a sumary report of my experiences and the actual performance of the trading programme and support they have provided, good, bad or indifferent!

OK, a few days later here's the position!

I was a complete beginner in stock trading.
I invested in the JBC trading platform after being convinced by Paul May.
Within two weeks I started to invest in a portfolio of 10 stocks highlighted by the programme.
I monitored the 10 highest ranking stock recommendations made by the programme on a daily basis.
Over the recommended 30 day investment period 8 out of 10 stocks went down or sideways.
My portfolio also went into an immediate loss, is still in a loss and has never been in profit.
As per the agreement, I requested my money back and have written to Gareth Hughes many times.
None of my communications are being responded to and I'm still waiting.
I'm now going through the legal process.
Hey ho!! Mnay valuable lessons learned!

Jonbvn

r1cicles wrote: »

Given all the negative comments about JBC, Paul May and Gareth Hughes etc. I thought it would be useful for everyone to hear from someone who has actually invested in the programme to hear reality rather than conjecture! I am about a week or so away from the end of my first trading period and I will come back then with a sumary report of my experiences and the actual performance of the trading programme and support they have provided, good, bad or indifferent!

We would prefer if you didn't because we know it is a SCAM!

prettyvizsla

Sadly I was taken in by the hard sell of these fraudulent people back in September 2009 when I was particularly vulnerable. I have been trying to contact them but to no avail and earlier this week I again looked up their situation on Companies House web site. I was shocked to learn that they have applied for "voluntary strike off", this means they are trying to dissolve the company which would make it impossible to trace them and easy for them to set up again under a different name!, their domain name has also expired so again proof that this was a carefully planned operation.

I contacted Companies House and after discussion I have made a written objection to their request as they contravene the criteria set out in the rules.

I have also reported them to the government fraud agency.

I would urge anyone who has the 100% money back guarantee, which is not worth the paper it is written on, to write to Companies House (can be done via email) and to contact the fraud agency. The more of us that do this, the more likely they will be brought to justice. We might even be able to recoup some of our money, a long shot but, we will at least know they will never be able to trade again.

Anyone wanting further information please ask.

SVS52

I too was suckered into buying this programme and would like to know more about making a complaint to Companies House.
Wonder if we can bring a 'class action' against JBC?

prettyvizsla

Dear SVS52,

Action Fraud can be found at,(sorry the site has asked me to remove the web site link), telephone number 03090 123 2040. I did my report by phone and found them extremely helpful, they will guide you through the process and the information is then used by the police to build a case against the fraudsters.

Companies House.
You can email your objection to [EMAIL="enquiries@companies-house.gov.uk"]enquiries at companies-house.gov.uk[/EMAIL] (I have had to alter the email address slightly for it to be allowed on this post, just remove the spaces before and after @) I have included exerts from my email which I hope will be of help. When writing to them it is important to give your reasons for objection against their voluntary strike off.

Dear Sir/ Madam,

Further to my telephone conversation with Laura at your contact centre this morning and information on your web site I am writing to object against the application of voluntary strike off for registered company (06368862) JBC. Berkeley Square House, Berkeley Square, Mayfair, London. W1J 6BD.

My reasons for objection are:

My membership number is 953733 and I have not received any communication from the company informing me of their application for strike off.


As fulfilment of my contract I have complied by submitting monthly full reports by email. I have done this since October 2009 but became alerted to possible problems when my report was returned undelivered for April 2010.


I have tried to contact the company by telephone but receive a recorded message asking me to leave my name and number, it then says the mail box is full.

My contract with the company has a 13 month, 100% money back guarantee running from 1/10/2009 for which I have documents signed by the company.

My support person is Mr James Newman with whom I have had contact with in the last 3 months and as part of the contract I have with this company he will be available for support for the next 12 months and beyond.

I am very concerned that I will have significant financial loss should the company be no longer registered, especially in light of not being able to make contact with them.


Your circumstances may be slightly different but it is important to say they have not informed you of their application as this contravenes the rules for their application.


Best of luck and let me know how you get on, the more of us that do the above then the better chance we have.