D Meredith Gray -
Another Suspected Boiler Room?

A firm calling themselves Preston Winslow Yates and Associates have been approaching victims of Slender Life and Cambridge Global. Preston Winslow Yates and Associates say that they have a head office at 29/7 270 Park Ave. New York. N.Y. 1007, and also claim to work out of Hong Kong. They are saying that they have a client willing to give me $10.98 per share for what is thought to be worthless shares.

Why?

How do D Meredith Gray come into this? This transaction takes another twist, when contact is made by a third party claiming to be a representative of a US Government Bureau called 'The Central Selling Bureau' in New York, who say that in order to sell the shares one must pay $0.69 per share to a Transfer agent, D. Meredith Gray, of 245 Park Ave. New York N.Y. 10005, to remove the restrictions. They then call and say that on top of this there is a charge of $1.28 to remove the 'non removable warrant A'.

This is a classic secondary scam.

If this fee is paid, it is highly unlikely that any monies will be returned.

A check on D Meredith Gray's website details reveals that the site was only created in November 2004, and for a period of only 12 months. One must question why a legitimate Company would only register their business for a year.

In addition, the site details are protected, which means that one cannot verify the details of the registrant. Again, one must question why a legitimate trading company would choose to do this.

There is an ongoing discussion on D Meredith Gray at the Boiler Rooms UK forum.