Aug 30, 2016
Updated by xyris1962 False promises and unethical practices
Complant against capquest research
A-30, fiee complex, phase - ii, new delhi - 20; [protected]@capquestresearch.com
Phone:[protected] and [protected]
The company has posted the following doubtful information on its website which appears to be only sloganeering:-
‘performance has to be mainstream art. This is what we're fighting for’.
‘a great trader is like a great athlete you have to have natural skills, but you have to train yourself how to use them’.
‘we believe a customer is the most important visitor on our premises, he is not dependent on us. We are dependent on him. He is not an interruption in our work. He is the purpose of it. He is not an outsider in our business. He is part of it. We are not doing him a favor by serving him. He is doing us a favor by giving us an opportunity to do so’
The above is verbatim copy of in a speech in south africa in 1890 when mahatma gandhi said this:
“a customer is the most important visitor on our premises. He is not dependent on us. We are dependent on him. He is not an interruption of our work. He is the purpose of it. He is not an outsider of our business. He is part of it. We are not doing him a favour by serving him. He is doing us a favour by giving us the opportunity to do so.”
‘in contrast to the generally prevailing philosophy of “other people’s money” in the world of financial services, we see customer’s money as our money. Along with our customers, we also put significant amounts of the company’s money in the investments, whenever possible’
‘capquest has been promoted by a team of highly skilled analysts and experienced investment professionals, providing client’s advice with handcrafted trading ideas, technical chart analysis & fundamental analysis with two significant aspects. The first is the management of capital and the second is market psychology on derivative segment of national stock exchange. Our analysts consistently monitors market segment stocks in real-time with advanced indicators, top-down bottom-up approach and software's which at an early stage forecast the future movement of the underlined securities’
Here i take this opportunity to educate the gullible investors by citing two egs of which i have documentary evidence..
1. On 21/9/2015, i was asked to buy 2000 shares of profin financial services by them. I bought 1894 at 175.6. They asked for for screen shot of the trade which i duly forwarded. Luckily the broker asked to square off on 23/09 and i was able to get out with a loss of around 5, 500/- thereafter the stock fell to 104.
Later i checked the fundamentals & technicals of this company. It is a very bad company and how they have held this price is beyond my comprehension.
2. Thereafter on 06/10/15 i was asked to buy 10000 shares of bitl. Having been bitten by profinsec i checked the fundamentals and technicals of the company and raised my doubts with them. They asked me to trust them.in fact there was a message sent to many investors by fraud operators to buy this stock.
To show my respect for them i bought 1000 shares. They asked me to add 4000 more and demanded my trust. They also said that if this stock doesn’t touch rs.60 in days to come they will leave the stock market. Thereafter still being fearful i added only 500 more shares. Buy price was 40.75. Thereafter it went up to 44/45 in two days and tried to exit but no buyers. Then began to fall and i was able to get out at 36.95 with a loss of rs.9, 500/-. Operators and manipulators had already made their money. Thereafter the stock fell to rs.1.54 and is now trading at 2.31. Many people have lost huge sums in this stock. Its sales were just 40 lacs/yr and eps just 0.02.
Bitl is stil existing and being traded at 2.30, capquest is still in business and only i along with many others are in big losses.
Now with these two egs i want to ask them the following:-
Did they treat my money as their own money?
Is this the outcome of highly skilled and professional analyst’s actions?
Did they follow the commandment of mahatma gandhi our father of the nation, whom they have quoted on their web site reproduced above.
Is this the performance which they had claimed to be their mainstream art. & what they were fighting for.
Was it a great athletic effort where their stock ‘bitl’ fell from rs.40 to 1.54.
Why are they still in the stock market? Why they haven’t left as announced by them so confidently?
Why they haven’t replied to my mails in the last one year except when they wanted my money and business?
Where is their assurance of 95% accuracy and total capital safety?
So, dear investors, kindly entrust your hard earned money to safe hands only and those who care for it.
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