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Report: #1503166

Complaint Review: PUNCHTV - Santa Fe Springs, california

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  • Reported By: David — claremont california United States
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  • PUNCHTV 11705 Willake St Santa Fe Springs, , california United States

PUNCHTV Punch TV Studios - Stock Scam, Santa Fe Springs, california

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I purchased stock from this company about 4 years ago. They made promises that they will be trading on the stock market  within 2 years, After the 2 years i waited and they have not began trading, i placed several emails and phone calls and was told to please hold off as they are still finalizing the details.

I waited another year and nothing. I then asked them the procedure to sell my stocks back to them so i may re-invest my $10,000 with another company. I was informed that they owner will contact me to discuss. i again waited several month with no calls.

I contacted them on December 15, 2020 thru a tracked email and again asked to sell my shares as i was unhappy and belive they are a fraud and lied to me and many others about the program.

A few days later i received a email stating ( Dear Shareholder, We received your email and unfortunately according to your subscription agreement, you cannot sell your shares until we start trading on the stock market.)

so basiccly there (fine print) states no one can sell there stock untill they start trading that was promised 2 years ago. 

Buyers beware, read the fine print.  i even refered a business partner of mine and they invested another 10K. now we are both fuc**d.

This report was posted on Ripoff Report on 12/20/2020 11:45 PM and is a permanent record located here: https://www.ripoffreport.com/report/punchtv/santa-fe-springs-california-1503166. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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