A clear warning not to get involved.

The bad thing is that I don't believe that your relative will ever see any money from this other company (whom I can't locate). In my opinion, they just want to sell another potentially worthless stock.

I am so sorry to hear of the problems.

I am no expert in Financial Products, but I can't believe that anyone licensed to do business within the UK could sell this with a clear conscience.

I suspect that the offer to buy would come with an invitation to put more money into a new stock guaranteed to recover the losses.

It is a sad fact that once someone has been duped into handing over cash, they are often targetted in the same way.

The following link might be helpful : http://www.cityoflondon.police.uk/CityPolice/ECD/Fraud/boilerroom.htm

Note: I don't know for sure that this is a scam but everything that I have seen and heard strongly leads me to be VERY suspicious.

I haven't seen anything credible about US Petroleum Holdings.

If your relative is also in the UK and believes that the company that sold them the US Petroleum Holdings was not licensed to operate in the UK, then for goodness sake get them to report it online at the FSA at : http://www.fsa.gov.uk/Pages/Doing/Regulated/Law/Alerts/form.shtml

The same holds true for the company offering to buy.

More complaints means more investigation and should clarify their legitimacy (or not).

Are you seriously on here to say the US Petroleum Holdings are keeping secrets and only sharing with selected Joe Public such that they can make a killing.

Where is this IPO? How old is this story here?

My investment strategy or not is none of your business. What I do know is that when I was called, the background noises were false enough to alert me. And I am not the only one that has been writing about US Petroleum Holdings.

Nobody makes a bean unless they can find a buyer of this stock and then they will be unlikely to make back what they pay.

All I can say is thanks for coming on here and presenting yourself as so unethical that you don't believe an investor deserves full information before parting with their cash.

That's bound to scare a few more people away from US Petroleum Holdings.

Plus the extra correspondence here today should help Google rank it even better with fresh content and help more people avoid what appears to be nothing more than a boiler room scam to sell junk US Petroleum Holdings stock at inflated prices and then hide under the 'investments are inherently risky' excuse.

I can only guess that you are here today attempting to challenge my assumptions because I am riding high on a search for US Petroleum Holdings and people aren't buying without seeking good advice.

You are here for damage limitation and as far as I can see you are failing.

Why don't you go away now and buy up all the stock yourself if its so good? Nah … you don't want to lose your money either.

Hi David. Do you live next to Alice in Wonderland ?
Are you sure companies balance sheets disclose all that has to for investors ??
Have you ever made money, David ?

"Sarbanes Oxley requires it."

That may be the personal financial advisor. What is you ROI, David ? Have you invested in the petroleum sector ? or do you think gasoline is soon going to distributed for free ?

"that is nothing more than illegal insider trading …"

Why do you trust financial authorities still ? Have you heard about the Madoff's trick ? The guy actually lied at the heart of the monitoring of the US financial system.

Switch on quick, David, or you will noT make any money.

does that make sense to you ?

An IPO is offered with a prospectus giving full and open disclosure … Sarbanes Oxley requires it. It is rubbish to talk of the value being the information being shared behind the scenes … that is nothing more than illegal insider trading … if ever US Petroleum Holdings ever makes it to market.

you listen to your wife as regards a new shirt. so bad if you listen to her to decide investing or not.

As far as I am concerned, if US Petrolum Holdings were legitimate, then all their information would be on full display

We are talking about an IPO. The value of which lies behind the "not shared with anyone nature" of that information.

Another thing is that I always have been astonished by the countless people who blindly trust their own financial adviser. "I have my personal financial" they argue. But, ask them, "what is your actual ROI ?" , gosh they do not know at all, or they even may ask "what is ROI ??"

does that make sense ?

First point of call might be to contact these brohkers representing US Petroleum Holdings (if you can contact them) and ask how the shares can be redeemed and see if there is a way out.

Maybe the DTI could help work with international agencies to shut them down?

I can’t even see how US Petroleum Holdings can be a legitimate company – the website looks just like a front for a scam with no information that stands up to scrutiny.