In Time Group

Shares in the In Time Group have been offered in November 2004 by a suspected Boiler Room calling themselves Milton Dewar Asset Management.

One offering that has been made from Milton Dewar is in some stock called the 'In Time Group', a watch manufacturer, that they claim will float on the Nasdaq. This may prove to be true, but one must treat the activities of stocks sold by boiler rooms with a pinch of salt, since manipulation of share price has occured in other stocks (DFRC, F10 Oil and Gas for example), which have been investigated by the SEC.

Milton Dewar used very experienced, very plausible salesman to try and illicit money from potential victims. They quoted large UK and International banks as supporting the offering. The claimed that they would only be taking 1.5% commission, and they also claimed that the stocks would likely be selling at around $7.50 when they floated.

There is an active thread on the In Time Group at Boiler Rooms UK.