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CityMerchants High Yield Trust
Warwick Davies
Posted: 14 February 2013 21:07:04(UTC)

Joined: 14/02/2013(UTC)
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I have been approached tonight from a firm in New York wishing to purchase my shares in the above Company. I am required to sign a confidentially agreement not to discuss the share price offered. Time is of the essence so they say.
I have listened a lot of dubious phone calls in the past, but this one seems too clever or true.
Sceptical as ever. I only hold them for sentimental reasons. The dividend is quite good. Anyone else out there heard anything?
philip gosling
Posted: 15 February 2013 06:56:59(UTC)

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It is a scam.
1 user thanked philip gosling for this post.
Warwick Davies on 15/02/2013(UTC)
david madgett
Posted: 15 February 2013 08:53:48(UTC)

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SCAM - I've got several shares in City Merchants HYT and no one has approached me.
Posted: 15 February 2013 09:00:27(UTC)

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Scam. If they are suggesting they know something everyone else doesn't then it would be inside dealinga and illegal.

Suggest you report it to the FSA and fund.
Karl Smith
Posted: 15 February 2013 17:29:45(UTC)

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SCAM! I do believe soliciting by phone is against FSA rules. The excuse of being a New York operation just shows the sheer gall of these parasites!
Daniel L
Posted: 23 August 2013 16:21:05(UTC)

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Getting a phone call in sign one, all the other stuff is just extras. What I would worry about is how they got your number and knew you were into stocks. I hope you reported them.
Posted: 23 August 2013 21:38:04(UTC)

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A good, safe principle is never respond to anyone contacting you out of the blue by phone, email or on your doorstep. They want your money (or account details), they do not have your interests at heart and it may well be a scam.

Even if someone gets in touch with you through an introduction, always get traces on them, always get and test all their contact details and always take action on your own initiative and not someone else's.

"Time is of the essence" (Hurry, hurry while stocks last....) and "don't talk to anyone else about this" are sure signs of a scam or con.
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