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Securities Commission warns punters to steer clear of purported electricity generator Ira NRG NZ Ltd

Securities Commission warns punters to steer clear of purported electricity generator Ira NRG NZ Ltd

Read the Securities Commission's statement below:

The Securities Commission warns people of an illegal share offer by Ira NRG NZ Limited (INNL) and its sole director Simon Romana.

The Commission has banned the company's website and the content of the website has been removed.

There is no registered prospectus for the offer.

The website of INNL described INNL's plans to generate electricity and sell it to the national grid. The website included claims of future income that are not substantiated on the website. There were no assumptions disclosed relating to the prospective financial information as required by law.

"The public offer of shares by INNL is illegal as there is no prospectus. Any purported allotment of shares to investors would be void and of no effect.

People should not invest in this company until it complies with the requirements of the Securities Act 1978" said Securities Commission Chairman, Jane Diplock. INNL was incorporated in March 2010.

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2 Comments

Well it seems that the Securities commission doesn't know how to use Google...

I found this website in about 30 seconds flat...

http://web.me.com/hakarock/New_Intro/The_New_Beginning.html

oh, and have a look at these two letters to 'investors'...

http://web.me.com/hakarock/New_Intro/First_Letter.html

http://web.me.com/hakarock/New_Intro/Second_Letter_2.html

I mean, real professional like...

What a tit.  This guys needs to be brought down before he rips of any more people...  if you look on companies office website it shows that IRA NRG NZ has about 8 billion shares on issue... 8 billion!!

What a crock of, well, biomass.....

His biggest mistake was not getting an ex-All Black to endorse the company..