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  • Report:  #103309

Complaint Review: Pinksheets.com - Concorde America

Pinksheets.com Concorde America forwarded false information and suggested big returns. Rip-off! New York New York

  • Reported By:
    mauston Wisconsin
  • Submitted:
    Thu, August 12, 2004
  • Updated:
    Thu, August 12, 2004
  • Pinksheets.com - Concorde America
    304 Hudson St. 2nd Floor
    New York, New York
    U.S.A.
  • Phone:
    212-896-4400
  • Category:

We Received a fax and an E-mail stating the recommendation on an OTC stock symbol CNDD which was a strong buy recommendation based on false information of huge pending business. www.pinksheets.com never did their homework on this recommendation and the stock almost tripled in price before they sent out a new press release. www.pinksheets.com even sent an E-mail laying out an investment strategy for experienced and aggressive investors along with strategy for less experienced. Recommending outlay of $25,000.00 and stating expected returns of huge proportion.

I would highly caution anyone from using their service especially when they do not verify the information they are sending out. My guess is they made a handsome profit on this recommendation as they were probably in on the IPO of this stock. We have already tried to reach them and Concorde America (CNDD) and have had no reply. We are contacting attorneys and are looking at starting a class action suit.

Don
mauston, Wisconsin
U.S.A.

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