Under normal circumstances, the original shares only belong to the company's founding team and executives. Others who want to own the original shares can only obtain them through "additional issuance", which is private and only faces a few people who have special relations with the company, such as partners and suppliers.
However, some fraudulent companies fish in troubled waters and illegally raise funds in the name of "the original shares of the New Third Board". They seek targets through social software such as WeChat and QQ, claiming that they have been listed in the new version of Hong Kong, tempting some aunts and grandmothers who have not been exposed to the New Third Board market to pay for shares.
In fact, their shares can only be traded through investment institutions, and the original shares purchased by individuals from the company are a piece of waste paper and cannot be traded at all.
The "primitive stock" scam has strong concealment and various methods. When investors buy shares of unlisted companies, they must enhance their risk awareness and subscribe and transfer shares in legal securities business premises and institutions to avoid unnecessary losses.
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According to the provisions of the Securities Law, the public offering of securities must meet the conditions stipulated by laws and administrative regulations, and be reported to the securities regulatory agency of the State Council or the department authorized by the State Council for approval according to law.
The reporter's investigation found that some enterprises used the local enterprise equity transfer market to pretend to be listed companies to sell "original shares". For example, in the "original stock" scam that occurred in many places, criminals all claimed that they were listed companies in the "Shanghai Equity Custody Trading Center" and had a clear listing code. But in fact, this equity exchange center is only a local institution, and criminals use its name to confuse it with the "Shanghai Stock Exchange" and deceive consumers.