I have received an email from RAM SOLUTIONS GROUP offering to buy my shares at a higher price than I paid.
How do I check this company is genuine?
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Things to look for:
They contacted you first. You always have to ask yourself how they came by your contact. If they have a really good product, they would not have to SPAM to sell it. Clarification, due to some comments: By "they contacted you first" I mean you do not know them, it is not something forwarded by your bank/broker etc. and you never purchased anything from them.
They have insufficient info on their homepage. Who is CEO, what legal form does this Company have, where is it registered. Which financial authorities govern it?
Do they have a normal telephone-number? Does somebody answer if you call?
They reside outside of your jurisdiction. Always a warning sign - if you have any complaints it will be very hard and expensive to take legal action.
I have received non-scam emails containing an offer to buy my shares, but (1) they were from the bank that manages my shares, and (2) it was in reaction to a public offer for those shares. So it was a higher price than I paid, but that is normal in a take-over bid.
Further signs of a non-scam bid: there is a public, legal document describing the offer, and the buyer mentions its own bank or financial institute. There will almost certainly be a provision that the offer is conditional on enough current share owners selling, and a reasonable cut-off date after which the bidder will announce whether it received enough offers.
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