Wilshire Park has offered an investment in a company which was about to be brought public. The goal post in regards to number of shares that should be owned in order to complete this transaction has been changing all the time. When I acquired the correct number of shares they all of sudden informed me that the shares needed to be converted to different class in order to be sold. When that was done by adding more money into the deal another complication came up. The shares had warrants that needed to be lifted in order to be sold. This required as in previous steps another injection of money, but again another complication came up which required another injection of money.
This brokerage company have not followed the basic principals of transparent dealings with investments and due dilligence that is needed when dealing with these transactions. The brokers have changed during the course of my involvement with Wilshire Park and none of them have managed to move my investment to conclusion. I would have accepted much lower return on investment that was promised from the start but they were not able to complete the sale.
0 comments