Letter from Liquid Assets Ltd about Premium Liquid Assets

Letter of Declaration between Liquid Assets Ltd. and Premium Liquid Assets Ltd.	13 June, 2011
Letter of DeclarationLIQUID ASSETS and PREMIUM LIQUID ASSETS It has come to our attention that we, LIQUID ASSETS LIMITED, supplier of fine wines and beers from around the world, has been largely confused with the French wine wholesaler PREMIUM LIQUID ASSETS who are currently under investigation of a wine investment scam. Please be duly informed that LIQUID ASSETS LIMITED does not offer any wine investment service and is not engaged in any such activities. LIQUID ASSETS LIMITED and PREMIUM LIQUID ASSETS are wholly separate business entities and are not in any way affiliated or undergoing any business collaboration. Should you have any enquiries, please do not hesitate to contact us directly for verification and clarification. Yours Faithfully,Liquid Assets Limited (Liquid Assets Ltd is based in Hong Kong) From: http://www.liquidassets.com.hk/news/detail/LetterofDeclarationb/eng/ www.premiumliquidassets.com Report in Chinese on apparent problems with Premium Liquid Assets here.

A recent message about Worldwidewine Investments

From: AD

Dear  Jim,

Thank you for your reply.

Worldwide Wine Investments contacted me saying that in anticipation of 2010 release they were eager to clear final 2009 lots. These were Lafite Rothschild at GBP 14000 and Mouton Rothschild at GBP 6800.

The prices seemed good and I gave credit card details for the Mouton. However, alarm bells rang when they gave some reason for wanting a check rather than Credit Card. (Apparently they have such a high turnover that only a certain percentage can be Credit Card.)

I read your comments and stopped the Card payment and told them I was not happy and would not proceed. I did not mention your site but they immediately told me that you were the only negative publicity that they had ever receive. They named you and said that you were banned from all UK websites.

Yesterday I received another cold call from a company European Fine Wine. I will not deal with them but wonder where they all get my name from.

**

My earlier response to AD:

Thanks for your messages and my apologies for the slow reply. For the reasons given on my investdrinks blog I would not buy from this company. I would be interested to know what business they were proposing.

Comment

The prices for the 2009 Lafite and Mouton are certainly keen. wine-searcher shows that the Lafite is available from £13950 with most merchants listing it at £14,500 and above. The cheapest price for the Mouton is £7400 a case with most merchants listing it between £7500-£8000.

Worldwidewine Investments Ltd changed its name from Clearpoint Trading Ltd on 15th October 2010.  Given their short trading history as an wine investment company, I'm a little surprised that they have access to these two wines at such keen prices. The 2009 is still at the châteaux and not due to be delivered until the end of this year or early next year.

As for me being banned from all UK websites this is meaningless nonsense.

I welcome any comments from the directors of Worldwidewine Investments Ltd.  

Regarding other companies contacting AD it may be that they agreed for their name to be passed onto 3rd parties. If this was not the case the Data Protection Act may be being contravened here. 

Patience please

Many thanks to those of you who have emailed me with enquiries and questions over the last ten days or so. I have been away and with little time to deal with these emails. I will now try to answer them as quickly as I can. However, my advice is that if you have the slightest doubt about a wine investment company or a proposed deal is either to decide not to go ahead or, at least, do plenty of research before proceeding.

Furthermore, I would never buy from a cold caller.