Invested January 2009.
Parker Forrester Investment Blog
06/05/09 Indicated I would like to sell all my holdings.
08/05/09 Awaiting a call back to sell,
12/05/09 - Received a call, and was advised it would be completed by the following week.
22/05/09 - No correspondence received despite sending follow up e-mails.
26/05/09 - Received a call, they are still working on it.
10/06/09 - Received a call, wanted to tell me how well things had gone, probably looking for more money, told them I've been trying to sell for over a month, got told, yes I think someone is still working on that for you. No further news on the sale. More than starting to think I am being strung a line here now.
15/07/09 - Been told twice they are still working on it, still no money!!!
25/08/09 - Spoke to a different person who said they would assist me in a week all paid out, then the original contact phoned me to say no it would be the end of the month. Still waiting!
01/09/09 - Sent an email regarding the sale, and guess what no sale has taken place yet, another hold up with the paper work, yardy yardy yardy!!!! Utter dissatisfaction now! They will call next week!
16/09/09 - Had a voice mail, they have my paperwork but are waiting for some more, will call again next week! Still waiting. Have been contacted by quite a few other investors now and they seem to have similar concerns and worries, not had one positive response as yet, lots of people still invested but not any who have liquidated a portfolio successfully.
23/09/09 - No call! Was promised a call last week on Monday or Tuesday, sent and email reminder but nothing! Also heard from another invester who was promised a call and didn't receive one! Things are looking gloomy to say the least!
26/10/09 - Another month goes by! The news is that the shares I hold are restricted and therefore need the restriction lifted. Some paperwork has been filed to do this! Not sure how long this will take. All crap in my opinion!
There are a number of other investors that are in the same boat, some have done investigations and believe the company doesn't exist and certainly is not trading as it says it does. If you wish to be put in touch with these investors let me know. So that no one else falls foul of this company do not invest with them! I have spoken to Brian Cook, Ross Fischer, John Ferris, Rodney W. Sullivan, Gary Talbot all of whom have lead me on along the way. I don't think I will see my money again, and am fortunate to have only risked a little, some are not so lucky!
DO NOT INVEST WITH PARKER FORRESTER.
20/11/09 - Gary Talbot of Parker Forrester contacted me this week and said he had some good news regarding my account. It looks like I may receive the sale proceeds, however I have not received them yet so I hope this is not another empty promise. Will let you all know
25/11/09 - Still no money, alot of people have been asking so thought I'd let you all know on here, not heard anything since.
14/12/09 - Something about a delinquent investor still no joy! Looks like it may have been another line! Gary is still in touch but as always any promise and hope has been dashed!
15/12/09 -The latest! I have been informed that the U.S. government has implemented a more rigorous evaluation process pertaining to the sale of U.S. securities in offshore accounts. Anyone else heard of this?
15/01/10 - I've not heard anything since my Happy New Year message! Some chance of having a Happy New Year with this company looking after me! A number of investors are looking into legal proceedings now against PF. I will inform the blog of any success I hear.
21/01/10 - Still no contact from Parker Forrester, has anyone heard from them since 24/12/09? Also if anyone has started legal proceedings I know a number of you were looking to do so, there are other investors who may like to join forces with you so let me know and I will put you in touch.
22/01/10 - I hear that there are efforts to track these guys down now personally and as a business. It would be good to have a list of people who have been affected by Parker Forrester's poor service and I think fraudulant activity. I heard yesterday from someone who had been asked to put in more money to get his original money back, classic scam techniques! I would like anyone affected in a similar way to send an email so we know the scale of the problem and can add weight to any inquiries or proceedings against them. I am compiling a list of the names I have already with their permission.
26/01/10 - Tried to contact Parker Forrester on the number on the PFtrade website, got a recorded chinese voice that sounded like a number invalid message to me, maybe they have finally done a runner???? Anyone spoke to them on the phone recently?
02/02/10 - I have sent emails to info@parkerforrester.net and garytalbot@parkerforrester.net on 08/01/10, 20/01/10, 26/01/10, 29/01/10, 01/02/10 with no response to an email since 23/12/09. I have sent another email today and asked Parker Forrester to respond to me with a solution within 7 days.
04/02/10 - Still no response to my emails. A guy called Steven West, stevenwest@parkerforrester.net tel +49 180 1 0206506084 is contacting people and asking them to commit 50% extra of their holdings to fund a cross trade agreement into yahoo shares which are then easy to sell as they are not restricted assets. I personally think this is the final stage of the long con! I know of 4 people who have been made this offer in the last week. 08/02/10 - Called Parker Forrester today the number was working again, however I was put through to an answer machine so could only leave a message. Still no response to any emails.
15/02/10 - I have no no communication with Parker Forrester. I know of 2 people who have looked into the legality of Parker Forrester. This is one of those responses "I have checked with CSRC and believe that Parker Forrester is not register Quarlified Foreign Institutional Investers in CSRC and the Chinese law firm is not register law firm in Minstry of Justice of China." The other response is much the same! 17/02/10 - I was notified of this website today and wanted to make you all aware of it, http://www.parkerforrester.com/ Same result as I have had and heard about, just more confirmation of these con merchants.
To be continued.....
Am I worried about nothing? Do you invest with Parker Forrester? Email