I have found out that Olde Monmouth is one of numerous independent brokers who are currently in dispute with a regulatory proposal that they think will put them out of business. No doubt they conduct all bona fide business in a proper manner. My doubt about this independent brokerage sector is that the firms are somewhat marginal and therefore vulnerable to pressures. They will therefore handle business that other brokerages would not get involved in.
I am still perplexed about the status of the pink sheet sector. Surely any valid stock transfers ought to be handled by traceable brokerages, not eg Aston Rowe of Dubai. The company [Mobilestream Oil/GBRC] clearly know that their stock is being traded in this shady manner, hence the comments in the 3 pages of instructions from Olde Monmouth, who are after all only doing what they are instructed to do.
Clearly there have been reverberations from the UK about the round of Mobilestream Oil share sales which took place in 2006 when my family got involved through telephone pressure sales. I have reported the transaction to the SEC in some detail. Basically I suspect that the stock traded to my family connection was forged. I am going to contact the Mobilestream Oil/GBRC company secretary with images of the stock certificates, issue numbers etc and ask him to confirm whether the stock is part of a known and authorized sequence issued with the knowledge of the company back in 2006.
I will not presume on your time any further; however if you are happy to air the subject openly on here, I will continue. I believe this whole issue is a stinker which ought to be investigated openly. I will be very surprised if the stock we have acquired is genuine and would be honoured in the GBRC conversion - all the indications so far are to the contrary. However I may be wrong.
Keep posting if this is of any concern to you and your colleagues on here who are no doubt against this kind of thing.
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