• Report: #1057713
Complaint Review:


  • Submitted: Sun, June 09, 2013
  • Updated: Sun, June 09, 2013

  • Reported By: ali — Ohio
panama,dubai,london,hongkong panama,dubai,london,hongkong, Select State/Province Panama

vgmc is vgmc scam? panama,dubai,london,hongkong panama

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Dear Shareholders, Executive Board & Partners:
Management is proud to announce that it has now proposed to list all CPS-GOLD, CPS-PLATINUM and CPS-SILVER by October 2013 (or earlier) subject to regulatory approval.
As part of this exercise, all CPS-PLATINUM and CPS-SILVER will be converted into common stock for listing purposes. CPS-GOLD holders who have previously exercised their Options (by paying the price difference) will also hold similar common stock that will be listed. All CPS-GOLD Options holders who have yet to exercise their Options will be given until 31st December 2013 to exercise their options after undergoing the KYC procedures (explained below).
Prior to this listing exercise, any party wishing to become a shareholder in the listed vehicle (LISTCO) will be required to undergo a simple KYC (Know Your Client) procedure with LISTCO's corporate services and legal representatives in London, United Kingdom. Each shareholder must attend personally (by prior appointment) and present a current International Passport together with two Proofs of Address (any of the two: original bank statement or utility bills dated within the previous 3 months or a current drivers' license) between 10th June and 31st December 2013.
Shareholders who have completed the KYC procedures and who have been allotted common shares of LISTCO will receive their physical share certificates (to be couriered to them) within 3 months of completing all KYC procedures. 
Shareholders who do not complete these KYC procedures by 31st December 2013 will lose any rights to be allotted any shares in LISTCO. Physical share certificates can later be deposited through appointed brokerage(s) to enable electronic trading (selling) of LISTCO’s shares.
I wish to congratulate all shareholders, my executive board members, our board of directors and partners who have been waiting for this good news. I urge you to be patient, understanding, and careful in completing all the KYC procedures and executing necessary payments so that you will be the rightful owner of your shares in LISTCO.
Thank you
David Barrett CEO – VGMC
Dividend, Group Bonus (May 2013), Credit Balance
Dear CPS-holders:
1. All CPS-PLATINUM and CPS-SILVER dividends are suspended effective 1st of June 2013 in preparation for an external audit as part of the public listing procedure in the 3rd quarter of 2013.
2. Group Bonuses for the month of May 2013 will have been paid by 1st of June 2013 into each eligible shareholder’s credit account.
3. All credit account balances have been converted to CPS-SILVER at USD0.95 per share. CPS-SILVER shares will later be converted into common shares that are eligible for listing.
Thank you
David Barrett CEO – VGMC
Undergo KYC (Know Your Client) procedure with LISTCO's corporate and legal representatives in London, United Kingdom.
Address : Nauer Corporate Services
  25 Hill Street,
  London W1J 5LW,
  United Kingdom.
Fax Number: +44 203 195 0301
Shareholders are advised to make a prior appointment before going to LISTCO’s corporate services  and legal representatives’ Office.
Click HERE to download the KYC Form.
Documents to bring along:
(I) Form 611/2A (to be downloaded and printed out from the shareholder login section) Click HERE to see an example of Form 611/2A
(II) International Passport,
(III) Two Proofs of Address: Utility Bill or Bank Statement (no more than 3 months old), and/or a Valid Driving License
(IV) KYC Fees(£200 + 20%V.A.T.)
Listing Fee – Upon completing KYC procedures, shareholders who hold common shares of CPS-PLATINUM, CPS-SILVER and CPS-GOLD PAID OPTIONS need to pay a “Share Transfer and Administration Fee” (STA) of USD 0.20 per share. The STA should be Wired/Telegraphically Transferred to the appointed corporate account together with a Courier Fee of £100(GBP) for physical share certificate delivery.                        
CPS-GOLD UNPAID OPTIONS holders will be required to pay USD0.58 per OPTION to convert their OPTIONS into common shares plus the STA (Total: USD0.78 per Option). The STA should be Wired/Telegraphically Transferred to the appointed corporate account together with a Courier Fee of £100(GBP) for physical share certificate delivery.                        
Upon completing the KYC procedures and paying all relevant fees,  physical share/stock certificates will be couriered to all eligible shareholders. A share certificate (also known as a Stock Certificate) is a written document signed on behalf of a corporation, and serves as legal proof of ownership of the number of shares indicated. LISTCO has decided to issue Share Certificates even though physical certificates are not  widely use anymore in the case of listed companies as we have many shareholders originating from different geographical locations which are subject to different regulatory regimes.                        
Physical share/stock certificates can then be deposited with brokerage firms worldwide or with our appointed brokerage firm so that the shares can be traded (sold) in the open market

This report was posted on Ripoff Report on 06/09/2013 11:57 AM and is a permanent record located here: http://www.ripoffreport.com/reports/vgmc/panamadubailondonhongkong-select-stateprovince/vgmc-is-vgmc-scam-panamadubailondonhongkong-panama-1057713. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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