Hello USABI, I reply to you about your statements which you made about Timeshare Africa.
If you look at the GLBSE website you should be able to see that Timeshareafrica is registered but not trading at the moment. If you so concerned at this whole issue why dont you like you said in your Email to me expose the many listings on GLBSE you have so we could have a look at them and see what kind of business you are up to.
All the best
Timeshare Africa
I personally do not feel this should be allowed to list on the GLBSE and would request that the people who are IPO'ing this get ID verified with the GLBSE and provide documentation on their business.
Please take time and read the following before investing in TIMESHAREAFRICA:
http://www.scambusters.org/timeshare.htmlhttp://www.timesharelink.com/timeshare-scams.aspThe website for TIMESHAREAFRICA and the way this is presented raises a lot of red flags for me personally. For one, the website is clearly an image, which purports to list currency exchange figures. These figures are therefore false, unless they update the image frequently (which is a ridiculous way to do things, but, i'll have to look back in a day and see if the numbers have changed). Another problem with this image is it makes use of graphics which are obviously from the dinokengbig5.com website, from which I am speculating they are not affliliated (I am confirming this via email now).
They are purporting to have land on a big game reserve. Such land would never be allowed for timeshare or condo by the South African government. Secondly, VOASA is currently warning about a rash of timeshare scams. TIMESHAREAFRICA is also likely not affiliated with the VOASA since they don't claim to be, although I am also verifying that via e-mail right now as well (
http://www.voasa.co.za/). [edit: it has now been confirmed that TIMESHAREAFRICA is not a member of VOASA.]
Another problem -- the paytunia connection. Paytunia is Bitcoin-Central, which has been linked to the Bitcoinina hacks. I won't comment on that further, because I do not have any information other than "Paytunia is the same people as Bitcoin-Central", and I may be wrong in whether or not they are really linked to the Bitcoinina hacks. I'll let someone else comment on that.
There is strict legislation about timeshare and fractional ownership in South Africa, as it is a popular tourist destination. The owners of this company must be able to produce proper documentation and should be called upon to do so, because of the nature of what they are attempting to do.
I am not saying this is a scam. I am saying that if this issue is allowed to list without extensive documentation from the owners, it's a scam. Unfortunately this isn't someone in the US or Europe buying a Bitforce single and starting a junior mining company. This is someone reselling timeshare condos in South Africa.
I'm not being paid to do this research so other than following up on this thread with the information I receive from the VOASA and DinoKeng game reserve (both of which are respected South African companies) I have no further involvement in this issue. I personally think investing in timeshare period, is insane, but as long as they can provide documentation of their legal status to do this in South Africa (otherwise it's as illegal as selling drugs) -- fine, let 'em do what they want.
