I’ll have to crave your patience as once again this week I am returning to the British disease – wine investment. Whether this British disease includes the Scots we will know more clearly after 18th September and the vote for Scottish independence or not as the case may be. But I digress …
Today I was contacted by a putative investor asking me my opinion of Twelve-by-Seventy-Five Ltd. I had never heard of this company – hardly surprising as it was only formed in January 2014 and the two current directors were not appointed until early April 2014.
However, a quick look at their website (http://www.twelve-by-seventy-five.com) raised considerable doubts and questions:
‘We are experienced wine merchants & brokers’. ‘We have firmly established contacts with French négociants over the years’. Again impressively, rapidly gained experience for a company founded in 2014!
Twelve-by-Seventy-Five Ltd is clearly a company to avoid at all costs – hopefully no-one will fall for this nonsense. Sadly I wouldn’t bet on it!