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Liberty International Holding Group, Fort Lauderdale, Florida Complaints & Reviews - Fraud, Theft

Liberty International Holding Group Contacts & Informations

Liberty International Holding Group

Posted: 2011-09-23 by    

Fraud, Theft

Complaint Rating:  75 % with 4 votes
75% 4
Contact information:
Liberty International Holding Group
6301 NW 5th way, Suite 5000, Ft. Lauderdale, FL 33309
Fort Lauderdale, Florida
United States
Phone: 954-202-9491
lifs.info
On June 9, 2011, the United States Securities and Exchange Commission issued an investor bulletin cautioning investors about investing in reverse mergers, stating that they may be prone to fraud and other abuses.

Reverse takeovers always come with some history and some shareholders. Sometimes this history can be bad and manifest itself in the form of currently sloppy records, pending lawsuits and other unforeseen liabilities. Additionally, these shells may sometimes come with angry or deceitful shareholders who are anxious to "dump" their stock at the first chance they get.
One way the acquiring or surviving company can safeguard against the "dump" after the takeover is consummated is by requiring a lockup on the shares owned by the group from which they are purchasing the public shell. Other shareholders that have held stock as investors in the company being acquired pose no threat in a dump scenario because the number of shares they hold is not significant and, unfortunately for them, they are likely to have the number of shares they own reduced by a reverse stock split that is not an uncommon part of a reverse takeover.
On June 9, 2011, the United States Securities and Exchange Commission issued an investor bulletin cautioning investors about investing in reverse mergers, stating that they may be prone to fraud and other abuses.

http://www.prweb.com/releases/2011/8/prweb8750554.htm
Complaint comments Comments Complaint country United States Complaint category Savings & Investments
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