This is a Ponzi scheme! Do not invest in this company!
I have been waiting several weeks to receive proof of a stock purchase but continue to get the run around from Hope, Joy and many others. Everyone that I speak to is a "Director of Investor Relations," which is unheard of.
There are no other officers listed on Mr. Collins SEC filings besides himself. The company also uses a PO BOX with no listed box or suite number.
I contacted the transfer agent (Securities Transfer Corporation), and they don't have my information electronically, which is a red flag. Even when you don't receive a hard copy, there is electronic proof. I keep getting the same excuse, "we're backed up."
We had to give social security numbers and other personal information via website, which should have been directly submitted to the Transfer Agent. Legally, if I request a certificate, they have to supply one. However, Punch TV can't supply proof that I purchased stock via hard copy or electronically. He's charging investors $25 for a stock certificate that he can't provide.
In speaking to Joy and Joseph, I was told that he was going to Wall Street when the IPO closed to DEMAND that the shares be sold for $500, which is a red flag. He can't go to Wall Street and request anything. The minimum share price is $1 so that's a 500% return? On their site, they are encouraging people to purchase at least $500 worth of stock.
If I don't receive my certificate in 7 days, I'm contacting law enforcement and will seek legal advice. I thought I was investing in a legitimate black company. However, Joseph Collins is proving to be a racketeer.
Punch TV Network Reviews
This is a Ponzi scheme! Do not invest in this company!
I have been waiting several weeks to receive proof of a stock purchase but continue to get the run around from Hope, Joy and many others. Everyone that I speak to is a "Director of Investor Relations," which is unheard of.
There are no other officers listed on Mr. Collins SEC filings besides himself. The company also uses a PO BOX with no listed box or suite number.
I contacted the transfer agent (Securities Transfer Corporation), and they don't have my information electronically, which is a red flag. Even when you don't receive a hard copy, there is electronic proof. I keep getting the same excuse, "we're backed up."
We had to give social security numbers and other personal information via website, which should have been directly submitted to the Transfer Agent. Legally, if I request a certificate, they have to supply one. However, Punch TV can't supply proof that I purchased stock via hard copy or electronically. He's charging investors $25 for a stock certificate that he can't provide.
In speaking to Joy and Joseph, I was told that he was going to Wall Street when the IPO closed to DEMAND that the shares be sold for $500, which is a red flag. He can't go to Wall Street and request anything. The minimum share price is $1 so that's a 500% return? On their site, they are encouraging people to purchase at least $500 worth of stock.
If I don't receive my certificate in 7 days, I'm contacting law enforcement and will seek legal advice. I thought I was investing in a legitimate black company. However, Joseph Collins is proving to be a racketeer.
Outcome
Can you tell me your outcome? [email protected] my name is DemonD. Thanks