Ever wondered how shorts covered their positions somehow? Apparently, there is a new approach for buying AVZ shares off market, at least in Germany. A friend of mine got the attached offer via his German broker. Looks like SCP INVESTMENTS LIMITED, a registered real estate investment company, tries to buy shares of various stocks in suspension off market at ridiculous rates.
So far, my German broker didn't forward me such offer. However, it can be found at the "Bundesanzeiger", an official publishing institution of the German Ministry of Justice, which is also dealing with company registrations and related matters.
Bundesanzeiger
www.bundesanzeiger.de
if you search for SCP INVESTMENTS, it is the first hit. For AVZ, they offer 0.001 €. Seems ridiculous, but maybe some are forced to sell at such a rate.
Seems all very strange to me. Especially because he was approached by his bank with this document and not via mail.
Additionally dodgy, these are their contact details:
SCP INVESTMENTS LIMITED, Trust Company Complex, Ajeltake Road, Ajeltake Island, Majuro, MARSHALL ISLANDS MH96960E-Mail:
SCPinvestmentsLimited@gmail.com
Anyone else got such offers?