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I have received an email from RAM SOLUTIONS GROUP offering to buy my shares at a higher price than I paid.

How do I check this company is genuine?

corning
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Charles
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2 Answers2

54

Things to look for:

  • They contacted you first. You always have to ask yourself how they came by your contact. If they have a really good product, they would not have to SPAM to sell it. Clarification, due to some comments: By "they contacted you first" I mean you do not know them, it is not something forwarded by your bank/broker etc. and you never purchased anything from them.

  • They have insufficient info on their homepage. Who is CEO, what legal form does this Company have, where is it registered. Which financial authorities govern it?

  • Do they have a normal telephone-number? Does somebody answer if you call?

  • They reside outside of your jurisdiction. Always a warning sign - if you have any complaints it will be very hard and expensive to take legal action.

Daniel
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I have received non-scam emails containing an offer to buy my shares, but (1) they were from the bank that manages my shares, and (2) it was in reaction to a public offer for those shares. So it was a higher price than I paid, but that is normal in a take-over bid.

Further signs of a non-scam bid: there is a public, legal document describing the offer, and the buyer mentions its own bank or financial institute. There will almost certainly be a provision that the offer is conditional on enough current share owners selling, and a reasonable cut-off date after which the bidder will announce whether it received enough offers.

MSalters
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