A question about IPO and KYC process?
First sorry for my bad English. English is not my native language.
Do anyone know about the IPO and KYC process? I've invested quite a bit of money in a corporation called VGMC (Virgin Gold Mining Company) before they changed their name into Nauer Corporate and goes IPO. And now they want to do KYC.
The problem is that they want more money for it and I need to go directly to their HQ in London. The embassy reject my visa application because they don't really know about Nauer Corporate (or something like that).
To make things worse, all my money invested to VGMC will be nulled if I don't do the KYC process. And to be honest, this company have been strange for quite some time. They didn't even pay my share when they said they would... The problem is I've invested so much that I can't do anything about it...
Can someone please help me?
That's the problem. I can't sell the shares since they say when IPO is in progress, all assets are all locked up. But strangely, all my money will go puff if I don't do the KYC. Are all IPO like that?