worldco going out of business??

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Quote from Magna:

I have removed all recruitments from this thread. Please make no further attempts to use ET for free advertising. If you persist I will ask that you be banned. Thank you for your cooperation.
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Yah, and please delete the past ones. Don't reward previous hucksters.
 
Quote from Maverick74:



Worldco is not worth anything on paper. They don't own their traders or own the rights to them. Their hedge fund PTJP is not owned by WLDC, only financed by them. They don't own the rights to their retail customers. They have an agency desk but there is nothing proprietary there. Wldc is basically funneling the cash in the frozen capital accounts to somewhere in the islands probably.

This reminds me of the Gordon Gecko buyout of Blue Star Airlines. He made most of his money on that deal with overfunded pensions which were nothing more then a cash account. Wldc will basically cleanup on all the capital accounts and let the creditors absorb all the debt obligations.

This scam makes Harbor Securities look like a good firm.
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actually the hedge fund PTJP was owned by same family.
 
Quote from hans130:

so whats the story are they still in business or not?
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I think they are slowly starting to dim the lights. They are waiting for the priest to give them their last rites.
 
Quote from I Missed Boat:



actually the hedge fund PTJP was owned by same family.
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Yes, but its not under the same corporate umbrella. One family can own several businesses you know.
 
Quote from Maverick74:



Yes, but its not under the same corporate umbrella. One family can own several businesses you know.
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true. I know. I just didn't know if you were clear on who DID own it.
 
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