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Pharma Holdings Two supposed Potential buyers? Both Bogus! |
Pharma Holdings Inc. Guardian & Associates Inc. Crown Point Mergers |
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This is a direct paste of a press announcement made by Pharma Holdings, with an addendum on G & A. Should there be any errors, please advise me by e. mail.
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IMHO |
See second block below. |
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Nov 2006 |
WARNING TO OUR SHAREHOLDERS. |
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This may be a further stage in a probable offshore scam. You pay out MORE cash! |
We have been advised by several shareholders that they have been contacted by people claiming to represent a brokerage firm in the far east and offering to buy their Pharma Stock as partial payment for the purchase of gold, platinum, etc. In addition to the credit they ascribe to the value of the Pharma stock, those solicited would have to make up the balance in cash. We gave no knowledge as to how anyone receives a list of our shareholders and are unable to verify the bona fides of such transactions. Accordingly, we strongly urge that stockholders receiving such a notice before making an investment decision review same with their attorneys, accountants, and or their financial advisors as to both the legality and the financial aspects relating thereto. |
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January 25, 2007 |
UPDATED WARNING TO PHARMA HOLDINGS SHAREHOLDERS !!!. January 25, 2007 – This UPDATED WARNING is in response to several complaints we have received from our shareholders with respect to solicitation calls being made to persuade them to sell their shares in PHARMA HOLDINGS. Recently we have been notified that a company identifying themselves as “Guardian & Associates” from Panama has solicited numerous shareholders offering a buyout of Pharma Holdings stock at a price near and above $20.00 per share. Furthermore this company claims to be planning a “hostile takeover” of Pharma Holdings as a result of cooperation on behalf of our shareholder base. These solicitations include transfer of your Pharma Holdings stock, along with associated fees that are identified as “transfer fees”. PLEASE BE WARNED that Pharma Holdings has not authorized, approved, nor do we have any knowledge of Guardian & Associates, or any action, scheme or bona fide offer given to this company to solicit on behalf of Pharma Holdings to any of our shareholders. At this time we are not buying back any stock or involved in any offer to transfer stock to any entity. We strongly urge that any stockholders receiving such a notice or solicitation from Guardian & Associates be aware that this offer has nothing to do with Pharma Holdings, or any offer we condone, approve or authorize. We are conducting a thorough investigation of these misrepresentations, and encourage our shareholder to continue to notify Pharma Holdings of any new solicitations by such companies. |
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June, 2007 |
SHAREHOLDER WARNING: Re: CROWN POINT MERGERS We have been advised that a company from the Far East called CROWN POINT MERGERS (www.crownmergers.com)has been contacting our shareholders claiming they represent an investor group that is purchasing controlling interest in Pharma Holdings, and offering to purchase the shares being held by our shareholders. Furthermore, they are requiring our shareholders to send them settlement fees ranging from ten percent or more to cover the cost of transfers of their certificates. This warning is to advise our shareholders that this offer is purely a SCAM, and not authorized by Pharma Holdings, or our Board of Directors. The only firms authorized by Pharma Holdings to contact our shareholders with any bonafide offers are SHB Capital (Chicago, IL) and Charles Wurth (Geneva, Switzerland). We have no knowledge as to how anyone receives a list of our shareholders and are unable to verify the bona fides of such transactions. Accordingly, we strongly urge that stockholders receiving such a notice before making an investment decision review same with their attorneys, accountants, and or their financial advisors as to both the legality and the financial aspects relating thereto. |
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Guardian & Associates Inc. Panamanian Brokerage since 1998 |
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Website of the company they wish to put your cash into. |
Hello Group. I have been called by Jeffrey Gordon of Guardian & Associates Inc (See new link posted already) re my Pharma stock holding. He seemed to intimate that Argus Global is no longer in business. I cannot confirm that. He also stated that he has access to the Pharma registry, where holdings are electronically recorded. He was aware that I hold 10000, so that would appear to be the case. G & A are apparently acting on behalf of a third party interested in taking over the assets of Pharma. "Once they get 51% they intent to close Pharma" - I think he used the word "bankrupt". If that is the case, any remaining shares could be totally untradeable (they would have no value) They are NOT offering cash (I brought that up early in the conversation), but shares in Barrick Gold, NYSE listed, Ticker ABX. These are at a rate lower than the current price - a block having been bought earlier to facilitate the Pharma buys. I do not know what he is offering per Pharma share, but he mentioned $28.00 as the rate per Barrick share. In the event of taking that stock, it would have to be sold on (with what incurred charges???) to recoup any cash. At the time of setting up this page the Barrick site listed $29.26 as the shareprice. I will be adding to my own site shortly, possibly from the G & A site. One thing mentioned on it is "Distressed Securities" Refer to their homepage initially. There is also a mail link thereon.- or at least there appears to be. Clicking it there gives an error. info@guardianandassociates.com This one did work!
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15 Nov 2006 |
Further call from Guardian And Associates. |
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They were offering $23.00 per Pharma share, in exchange for shares as mentioned above. I mentioned Ed Klapp to them and they appeared ignorant of the name. This I find somewhat surprising. They again mentioned the importance of 51%. This could have serious consequences for those holding Pharma paper. |
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There appeared to be no adverse comment on this company. Does anyone else know of any such comment? Please advise if you do!. It now appears CERTAIN that this company was phoney/ The website has gone, now totally without trace. So far I have not found out who has closed it, though it would appear to have possibly simply expired! or the whereabouts of my cash. They did NOT actually sell my Pharma stock at all. The "trades" they did were all phoney as a result, losing me more cash. I still have the Pharma stock - now converted to Preferred status! |
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Posted on Scam.com by a new member who joined on Feb 17th 2007. |
Guardian and Associates, Inc. http://www.guardianandassociates.com Avoid any dealings with this company, IT IS A SCAM. The company is NOT a licensed brokerage firm, it has NO physical offices in Panama and it NOT incorporated under Panamanian Law. The logo and text were plagiarized from a real brokerage firm. For any doubts, contact the Panamanian National Securities Commission. This link doesn't work! www.conaval.gob.pa Phone number is at the bottom. |
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New Info |
On The guardianandassociates.com website:- Which has now expired. |
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Looked up at this site |
Domain Name.......... guardianandassociates.com |
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Admin Name........... Olga Talmop |
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Addition - Are these perhaps Reg "S" Stock? |
I have heard elsewhere that the shares in this company issued by G and A are not Kosher, even if the company is listed. - (Ref from "Janaper") Could this explain the 90 day "hold" request? |
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News |
I have been called by Jeff Martin. The deal is "done". I am to be paid out for the Barrick shares I swapped into (and had to pay an extra $8000.00) I should be getting the results wired to my account shortly. I'll post here if the funds do actually arrive - then set off on a cruise! |
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Update |
They actually sent what was supposed to be a rejection of a cash transfer to my UK account from a bank in Liat Towers, (which actually contained an invalid account number - an error on my part)! This was supposed to be cleared by a "refundable payment" which Martin actually shared with me! - As a goodwill gesture? I was unable to later verify the "sender" bank on the rejection slip, and noticed the account number error after wiring the cash! Since then their website has been practically demolished, they don't answer e.mail, and yet another "boiler room" is "acting on their behalf" allegedly! As far as Pharma are concerned, an e.mail to Klapp confirms that I am still a shareholder! My shares were never bought by G & A in the first place! |
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Yahoo! Site |
This is the opinion of the poster, and of many members who have traded (Bought) in the stock |
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16/17 Nov 2006 |
WARNING Guardian and Associates and Silverthorne and Chambers have been putting about similar stories offering to swap Pharma shares for shares in listed companies offering very attractive returns- at a fee. Neither company is to be trusted. They alter the story according to the conversation that takes place. They have identical wording on all their documents along with many of those of Argus Global. They have identical bank accounts. people who have gone down this route have received nothing and only lost more money. Furthermore we are discovering that many of Pharma's claims on their website are fictitious. Supposed deal with Seikagaku Corporation. This leads to a link to an Adobe pdf file. The actual news entry at Pharma has already been removed. The stark reality is that the investment in Pharma is very likely to have little or no value. We as a group are taking steps to try to seriously address this. Please be patient. Jim Peirson |
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16 Nov 2006 |
Further call from Guardian And Associates. |
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See Date of actual conversation. |
Jeffrey Gordon contacted Denis Broadbent with exactly same story 11 october 2006. The paperwork he sent was from guardian. He would buy pharma for $20 and we could buy barrack for $28. settlement date 19/10/06. I have the original paperwork sent to Denis from guardian To do the deal electronically we had to sent a further $4000. Denis suggested we buy less barrick gold, but he wasn’t interest then and said there was no further point in dealing with us |
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I find it most unsettling that extra cash is demanded or there is NO deal. |
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17 Nov 2006 |
Mail From Barrick. - Director of Investor relations. |
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As I expected. |
Barrick Gold is in no way associated with the offer to which you are referring. I trust this information helps. |
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Whether the registrar will throw any light on the holding that G & A have remains to be seen. |
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19 Nov 2006 |
Virtual Reality? |
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An observation. |
Since there seems to be some doubt about the legitimacy of the stock in Barrick on offer from G&A, and the fact that extra cash is demanded or you get no deal, when surely the number of shares in Barrick could simply reflect the proceeds from the purchase from the investor of Pharma stock, the deal looks highly suspicious. |
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There has been one withdrawal of a "news" item from the Pharma site, and at least one other, much older item seems to have no substance either, more suspicion is thrown on Pharma itself. Argus have claimed to me that they are sending my missing certificate "any day" while G&A seem prepared to trade without it! |
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20 Nov 2006 |
American Oriental Bioengineering Inc. Latest Guardian & Associates share swap. |
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Ticker AOB |
I was rung by Jim Evans from Guardian today. He extolled the rise in
the price of American Oriental Bioengineering and repeated his offer
to buy my Pharma shares if I can invest another £1000 (why?).
I've asked him to email details to me and will update the group whem
I hear from him. The stock is on the NYSE code AOB Try ADVFN.com. or Yahoo! Here. They appear to have swapped exchanges upwards. If anyone has stock from G &A or anywhere else, try to get hold of the certificates. You are entitled to sell these shares through any broker. Last price (May25) $10.88 Mid. |
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Pharma earlier Certificates |
My original pair of certificates has no conditions etc on the back. However, news today is that new ones do. Several group members have recieved theirs today (mine is in the hands of APC somewhere!) Third Cert carries regulation S note on reverse. |
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Pharma New Certificates |
Jim |
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Regulation S.net |
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This site will not accept "U.S. Persons" as members. |
Regulation-S.net ™ is a market place and trading platform for securities of U.S. companies that have been issued pursuant to Regulation-S. The two main services provided are a primary marketplace where the investor can choose and purchase newly issued Regulation-S stock directly from a variety of issuers, and a secondary markets for the buying and selling of Regulation-S issues that have already been placed with investors. Regulation-S stock issues of U.S. companies are freely tradable outside of the united states by everyone except "U.S. Persons" as defined by Regulation-S. |
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What I wonder is if the "Boilers" are using us to allow "U.S Persons" to trade these stocks by proxy! |
Benefits Companies find three main benefits in using Reg S to raise money: * they can readily access receptive foreign investors and foreign capital markets; * the paperwork is relatively simple; * the process is cheaper and faster than the complexities of a registered offering. Offshore investors often like Reg S offerings because they usually buy shares at a nice discount that helps compensate for the risk of the 12-month holding period. Later they can sell the stock in the vast, dynamic and liquid U.S. public market. |
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NB |
What this does NOT say is that some Reg S companies have failed to raise cash in other ways and they are seen as more risky. THAT is why they are not available to US citizens! |
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Page set up November 14th. 2006 Updated August 20th. 2009. 21.45 BST. |
