Another boiler room, Insta Trade, is targeting investors in the UK with worthless stocks. The Insta Trade web site claims that the Company has been in existence since 1997, but the web site itself was created in October 1994, and only purchased for a year. This is not an encouraging sign if one is looking for an investment partner for the long haul.
There is an ongoing discussion on Insta Trade at the boiler rooms UK forum.
24/03/05
These guys are pressing hard. They all seem to be South Africans - probably have run other boiler rooms such as CFS International. They are calling nearly every day. One stock known to be on offer is General Components Incorporated (GCPO).
Beware!
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