Another oil and gas investment 'opportunity of a lifetime'. This one ~actually~ told me that my investment would make 10-20 times what I put into it. Imagine what the SEC would do to someone for making THAT claim.
I may have been born at night, but it WASN'T last night, Tex.
The oil and gas market and drilling activities may be 'hot' right now, but I can assure you that the REAL money making opportunities DO NOT come in the form of a cold call from some Schmoe dialing for dollars on his cheap internet phone.
If it were really making money, you'd never hear about it. They'd be too busy trying to figure out how to get more money into it themselves, rather than trying to sell it to others by cold calling people on a list.
The very fact that they are doing a "blue sky" type of offering - one that ISN'T regulated by the SEC, is your FIRST clue that you will lose every dime you put into this mess. All of the language that is used in selling this (other than his flub up about making 10-20 times your investment) are carefully worded to let you know that this is HIGHLY risky and that you can lose your entire investment, that they can use this money for their own salaries, costs and other marketing items to induce others to join in the fun and that it is NOT likely to end successfully. All spelled out as clear as mud in triple legal-ease.
They do throw around a lot of well known business names in their pitch, but you have no way to really verify that these companies actually do any business together - the big names are so large it is hard to find someone who really has a grasp on what small companies they actually do business with, and even if you do, they sometimes won't give out any info - so how will you ever know who's telling the truth in the matter?
Another oil and gas investment 'opportunity of a lifetime'. This one ~actually~ told me that my investment would make 10-20 times what I put into it. Imagine what the SEC would do to someone for making THAT claim.
I may have been born at night, but it WASN'T last night, Tex.
The oil and gas market and drilling activities may be 'hot' right now, but I can assure you that the REAL money making opportunities DO NOT come in the form of a cold call from some Schmoe dialing for dollars on his cheap internet phone.
If it were really making money, you'd never hear about it. They'd be too busy trying to figure out how to get more money into it themselves, rather than trying to sell it to others by cold calling people on a list.
The very fact that they are doing a "blue sky" type of offering - one that ISN'T regulated by the SEC, is your FIRST clue that you will lose every dime you put into this mess. All of the language that is used in selling this (other than his flub up about making 10-20 times your investment) are carefully worded to let you know that this is HIGHLY risky and that you can lose your entire investment, that they can use this money for their own salaries, costs and other marketing items to induce others to join in the fun and that it is NOT likely to end successfully. All spelled out as clear as mud in triple legal-ease.
They do throw around a lot of well known business names in their pitch, but you have no way to really verify that these companies actually do any business together - the big names are so large it is hard to find someone who really has a grasp on what small companies they actually do business with, and even if you do, they sometimes won't give out any info - so how will you ever know who's telling the truth in the matter?