Tuesday 16 April 2013

Is Growth Green Agriculture duping my elderly mother?



Growth Green Agriculture (GGA) is run by Andre Rafnsson from the 4th floor of 36 Spital Square, London E1. The address is a small office used by scores of other companies, including Ascot Mining, Webroad, TradeCompanion, Prossimo, Bridge Bioresearch and Pensieve Biosciences. We asked GGA if its
operations really were carried out from this address, and it said yes. We can only assume the offices are very cramped.

Rafnsson is a director of a number of other companies, including Giantcode, which also makes calls and sends out brochures to potential investors, in this case about a cure for cancer, from the same address. Its shares were listed on a small German exchange but were delisted due to a "lack of trading".

GGA "intends" to list its shares on something called CXG Markets in London, but initially will not be tradeable, so if your mother did invest it would be very difficult to get any of her money back until then.

As regards how it got your mother's number, GGA said she was on a list it bought from the National Money Savers Survey (NMSS) run by McDowall Media in Watford. It turns out that your mother did indeed answer a question put to her by the NMSS, in which she was asked: "Would you be interested in how you can offset your carbon footprint?" Because she answered yes, McDowall Media sold her details to a company called Eco Global Markets, which has since gone into liquidation. McDowall Media says it never gave GGA authority to use her details.

In our opinion, GGA is an absurdly risky venture entirely inappropriate for an elderly person such as your mother. The best place for the brochure is the bin. And if you are ever asked to fill in a NMSS, beware of the consequences: once you express any sort of interest it enables companies to legally contact you, even if you have registered with the Telephone Preference Service.
Original Article Here

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