Beware of Scams

Unsolicited Off-Market Offers to Purchase Shares

29 March 2010

In an apparent attempt to beat the introduction of new legislation designed to abolish predatory share offers, Hassle Free Share Sales Pty Ltd (HFSS) has been reportedly soliciting shareholders of Woolworths Limited in an attempt to induce them to sell their holdings at a price of $13.99 a share. This is less than half the current market value. To date, only shareholders with relatively small holdings appear to have been targeted.