How to Avoid Dishonest Investor Relations Consulting Firms
If you need the assistance of investor relations consulting firms and have been surfing the Internet, it is important for you to have a firm approach with caution as investor relations pump and dump vampires lurk on every corner and crevice of cyberspace. They suck the life of your business.
Pump and dump is a term in investor relations wherein a certain firm would provide you false facts that are very attractive in order for you to do business with them and when they finally have under their wings, they would stab you in the back and take your money.
The first sign of a pump and dump artist is its persistent sales approach. They act like your best friend and would even offer all kinds of advice. You would begin to feel that this report is true, and you ask them their views on a rival business. They act like they do you a favor when they take their phone and make calls to their contacts guys to do a quick research to apparently help you. Asked for details and they would surely beat you around the bush and never give a clear answer.
But after signing the contracts, equity is legally distributed and the process is supposed to begin with some investor relations consulting firms which are most often than not, a scheme. They would also be very hard to reach by phone and when you finally get on the phone with them, they may tell you that they are very busy and just be patient with the contract.
Keep in mind to always be careful. Your best bet for real and absolute strategies of investor relations is to return to the consultant who helped contribute to the structure and the process continued public. If you do not have a consultant that would guide you through the process, then more likely a problem would exist.
You cannot navigate through the stormy scam artists, industry and the legal bureaucracy itself. Finding a professional who can bring his base of contacts and strategic relationships in order not to lose time, money and ultimately your company can be very beneficial is it would not only bring your company down but also actually help your company grow and be well known especially to future investors. Just be patient and sure enough you would find genuine IR consulting firms.
Processing your request, Please wait....
