AA capital investements

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paudg4

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was just wondering did anyone get a call from AA Capital based in london and switzerland offering a convertible loan book. an option to buy shares at 30% below their future flotation price. anyone know about these things. its very tempting
 
Hi Paudg

AA Capital does not appear to be authorised in Ireland to sell investment products. This would mean that they are illegal. You should report them to the Financial Regulator.

[broken link removed] is a list of the many unauthorised firms trying to part stupid Irish investors from their money.

brendan
 
Hi Brendan

the guy that called told me they were not regulated in Ireland,but they were in the u.k. He said it wouldnt make any difference to investing with them. does that make sense. probably not
 
Paudg,

If the deal is so good, why does this company have to call possible investors in another country to drum up business?

If they claim to be regulated in the UK, you can check this very easily by contacting the FSA. [broken link removed]

Personally I wouldn't touch this with someone else's barge-pole.
 
Paudg: A couple of points to back up what Brendan and Liam have said,
  • Convertible loans are a risky and highly technical investment, you would need to consider yourself an expert to even consider looking at them
  • Convertible loans ( even the legit ones) in this environment will trade at very substantial discounts because of the risk involved
  • You will have little certainty on the payout if any
  • To re-iterate This is not a cold call product, a regulated firm here cant cold call you. Where did they get your details from?
  • The comments re unauthorised firms are worth re reading
  • Never invest in something you are not fully informed on or comfortable with!
  • Run a mile
regards
 
Don't even consider investing a penny. As Brendan says, I would also pass on any details you have to the Financial Regulator here so they can investigate and warn the public if an unauthorised firm is operating here.

I checked the FSA directory and there is no mention of them and their website is a joke.
 
thanks guys. i guess if its too good to be true it usually is.
its hard to make a quick buck. ha ha
 
The aa capital guy called again this time telling me they were regulated in switzerland. even gave me his brokers name and number. i called the swiss regulators office and it turns out they are not regulated there. they are not even a registered company in the country. stay well away idd say
 
band said:
checked the fsa and aa capital are listed
Click to expand...

I checked the FSA as well and they are not registered in the UK and they are certainly not registered here. Can you provide a link?

I see it is your first post so I guess work is slow in AA Capital if you have time to be posting here.
 
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