Investment Forum - NGL.LN Share certificates.

I purchased 40,000 shares in Norseman Gold via Guardian Partners LLC (Atlanta)and have received confirmations of payment received dated 14/7/09 and
27/08/09. I have not yet received any issuing certificates despite a statement on the receipt that this can take up to 6 weeks. Several Emails to Guardian Partner have met with no response.
Where do I go from here?.

My first thought is WHY? Norseman Gold is obviously genuine, an Australian Gold mining company incorporated in England, quoted in London on AIM.
But what about Guardian Partners LLC? A quick look at their website doesn't impress and, in fact, rings alarm bells. What do they actually do? By whom are they authorised? Were you cold called? As I always say treat these as a scam until you can prove otherwise.
Where & to whom did you pay the money? Did you receive a contract note? I would contact the Fraud Squad although I am not sure whether it will do you any good personally. I am afraid to say you probably have a slim, if any, chance of seeing your money or any stock.
Guardian are on the FSA list of unauthorised firms operating in the UK.
http://www.fsa.gov.uk/pages/Doing/Regulated/Law/Alerts/overseas.shtml

Contract notes were received from Guardian Partners
headed"Authorised Share Offer Agreement for and on behalf of NORSEMAN GOLD PLC (NGL.LN) Funds were paid to Guardian Partners LLC bank account in Nevada. and
I received confirmations of payment received.

This is what I would do: According to your last post the contract notes are headed 'Authorised share offer agreement for & on behalf of Norseman....' therefore I would 'phone Norseman or maybe their brokers and enquire as to whether they have authorised anything. Company's website is http://www.norsemangold.com/ where you will find various contact details.

Did that and Norseman Gold had no knowledge of any authorisation and I am not listed on their register.
It would appear that this is a variation of the usual "cold call" scam.i.e "selling" shares in a reputable company and pocketing the proceeds.
I have now sent a complaint to the USA Securities and
Exchange Commission and the FSA. I have also Emailed the relevant receiving banks.  It will be interesting to see the response if any.

I hope you get somewhere. Let us know if any progress.

Hope we get your post. Seems something has not worked.

I received a certificate for 1500 shares in Prestige Property Portfolio, web address prestigepropertyportfolio.com. I almost binned it as another scam as the certificate arrived in a plain envelope with no documentation. A few days later I was called by a person unknown to me, to inform me that these shares were purchased on my behalf out of the proceeds of the sale of my NGL shares, I am now totally confused as the certificate and website appears genuine having been operational since 2006 and i have not had any demand for funds (yet!!). I am now trying to establish value, if any, and way I can sell.

Well it's just not done this way. How can someone sell your shares (which you didn't even own!) without your instructions? If I didn't think you would be wasting your time I would suggest you ask them for a contract note and the sale proceeds (rather than the Prestige(which aren't even shares)). Look at the website: it hasn't even been spell checked (meet out CEO)

Or better still send all the paperwork, past and present, to the Fraud squad.

Quote from: raysor


I am unsure as to how to post a reply on here.
These tricks were used by Forst Finance AG, these used GPL and First Shield as their collection bins for innocent investors money.  I have reported this to City of London Police, togther with copies of transfer notes etc.  Also please take a look at http://hubpages.com/hub/Forst-Finance-AG