- Report: #55810
Complaint Review: Lawstar Inc. - Beverly Hills California
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Lawstar Inc.
*500 Wilshire Blvd. STE 916 Beverly Hills, 90211-3107 California, U.S.A.
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Lawstar, Inc. WATCH OUT INVESTORS!!! deceptive company Beverly Hills California
I was contacted by phone in the year 2000 by a man named "Barry Davis". Barry Davis got my name from IPO.com after I filled out a form stating that I was interested in investing in IPOs(Initial Public Offerings).
This "Barry Davis" introduced me to an "Investment Opportunity" with Lawstar, Inc.
Let me interject this first: I was a victim of the most powerful tornado in recorded history; The May 3, 1999 Tornado in Oklahoma.
My wife lost her life as a result of that event.
I LOST EVERYTHING!!! I was the sole benificiary of a life insurance policy she had set up for me. So, you see...I had some money to invest, but not alot because I had started buying houses and fixing up old ones and selling them for profit. The work was too hard, so I started looking for investment opportunities.
After Barry Davis told me that a company was going to buy lawstar out at about $7.00 a share within the next three months, and that it was already "on the table", I agreed to invest $10,000.
I bought 5000 shares at $2.00 a share, with the CLEAR understanding from Mr. Davis that it would be a 3 month in and out "Deal" and that I could not afford to be away from that much money for too long.
He assured me that it wouldn't take more than 90 days.
Barry also at about the same time intoduced me to another "HOT DEAL" in which I invested in first...ESN or Entertainment Shopping Network which later changed their name to IESN or Internet Entertainment Shopping Network, and from thence, My Favorite Software.
But that's another complant which I will file later.
Anyway, After much communication with Barry Davis, he just dissapeared. I was left with thew task of Staying in contact with these two companies myself.
It is now May 6, 2003 and each of these two companies, both located in Beverly Hills, CA. have produced nothing but PROMISES.
I talked with the president of Lawstar last year and he told me that about March 2003 that Lawstar would be a publicly traded company.
Has it happened...(COUGH)
I guess the 90 day "at the most" deal expired, huh???
After Barry Davis dissapeared I received a call from another man in Beverly Hills trying to talk me into investing in a company called Bidz.com with the same promises of the other two companies, and had just about the same pitch lines.
It's easy to be victimized after a trauma.
Be careful people!!!!!!!!!!
Greg
Choctaw, Oklahoma
U.S.A.
This "Barry Davis" introduced me to an "Investment Opportunity" with Lawstar, Inc.
Let me interject this first: I was a victim of the most powerful tornado in recorded history; The May 3, 1999 Tornado in Oklahoma.
My wife lost her life as a result of that event.
I LOST EVERYTHING!!! I was the sole benificiary of a life insurance policy she had set up for me. So, you see...I had some money to invest, but not alot because I had started buying houses and fixing up old ones and selling them for profit. The work was too hard, so I started looking for investment opportunities.
After Barry Davis told me that a company was going to buy lawstar out at about $7.00 a share within the next three months, and that it was already "on the table", I agreed to invest $10,000.
I bought 5000 shares at $2.00 a share, with the CLEAR understanding from Mr. Davis that it would be a 3 month in and out "Deal" and that I could not afford to be away from that much money for too long.
He assured me that it wouldn't take more than 90 days.
Barry also at about the same time intoduced me to another "HOT DEAL" in which I invested in first...ESN or Entertainment Shopping Network which later changed their name to IESN or Internet Entertainment Shopping Network, and from thence, My Favorite Software.
But that's another complant which I will file later.
Anyway, After much communication with Barry Davis, he just dissapeared. I was left with thew task of Staying in contact with these two companies myself.
It is now May 6, 2003 and each of these two companies, both located in Beverly Hills, CA. have produced nothing but PROMISES.
I talked with the president of Lawstar last year and he told me that about March 2003 that Lawstar would be a publicly traded company.
Has it happened...(COUGH)
I guess the 90 day "at the most" deal expired, huh???
After Barry Davis dissapeared I received a call from another man in Beverly Hills trying to talk me into investing in a company called Bidz.com with the same promises of the other two companies, and had just about the same pitch lines.
It's easy to be victimized after a trauma.
Be careful people!!!!!!!!!!
Greg
Choctaw, Oklahoma
U.S.A.
4 Updates & Rebuttals
George
Beverly Hills,California,
U.S.A.
Investor Relations Representative
#2UPDATE Employee
Thu, July 31, 2003
Mr. Sweatt invested in our company in September of 2000. At that time we had every intention of bringing the company public as soon as possible. At the same time the economy took some unfortunate turns, which caused a delay in the company going public. In fact, over the last 2 years there have been almost no IPOs due to adverse market conditions. We are however continuing to grow. In the last year we have brought many new accounts to the table. Our client base has grown considerably and our revenues have increased by more than 5 times. We understand that there are a limited few shareholders who are frustrated with the process of going public, and the time that this has taken, as are we from time to time. As we continue to work to meet the requirements of becoming a successful public entity we hope that all of our shareholders will continue to have patience with this process, and support the efforts of management on their behalf.
George
Beverly Hills,California,
U.S.A.
Investor Relations Representative
#3UPDATE Employee
Thu, July 31, 2003
Mr. Sweatt invested in our company in September of 2000. At that time we had every intention of bringing the company public as soon as possible. At the same time the economy took some unfortunate turns, which caused a delay in the company going public. In fact, over the last 2 years there have been almost no IPOs due to adverse market conditions. We are however continuing to grow. In the last year we have brought many new accounts to the table. Our client base has grown considerably and our revenues have increased by more than 5 times. We understand that there are a limited few shareholders who are frustrated with the process of going public, and the time that this has taken, as are we from time to time. As we continue to work to meet the requirements of becoming a successful public entity we hope that all of our shareholders will continue to have patience with this process, and support the efforts of management on their behalf.
George
Beverly Hills,California,
U.S.A.
Investor Relations Representative
#4UPDATE Employee
Thu, July 31, 2003
Mr. Sweatt invested in our company in September of 2000. At that time we had every intention of bringing the company public as soon as possible. At the same time the economy took some unfortunate turns, which caused a delay in the company going public. In fact, over the last 2 years there have been almost no IPOs due to adverse market conditions. We are however continuing to grow. In the last year we have brought many new accounts to the table. Our client base has grown considerably and our revenues have increased by more than 5 times. We understand that there are a limited few shareholders who are frustrated with the process of going public, and the time that this has taken, as are we from time to time. As we continue to work to meet the requirements of becoming a successful public entity we hope that all of our shareholders will continue to have patience with this process, and support the efforts of management on their behalf.
George
Beverly Hills,California,
U.S.A.
Investor Relations Representative
#5UPDATE Employee
Thu, July 31, 2003
Mr. Sweatt invested in our company in September of 2000. At that time we had every intention of bringing the company public as soon as possible. At the same time the economy took some unfortunate turns, which caused a delay in the company going public. In fact, over the last 2 years there have been almost no IPOs due to adverse market conditions. We are however continuing to grow. In the last year we have brought many new accounts to the table. Our client base has grown considerably and our revenues have increased by more than 5 times. We understand that there are a limited few shareholders who are frustrated with the process of going public, and the time that this has taken, as are we from time to time. As we continue to work to meet the requirements of becoming a successful public entity we hope that all of our shareholders will continue to have patience with this process, and support the efforts of management on their behalf.
