As far as we members know, most of the income generated for PIPS was in foreign exchange and futures trading - via Refco.
It seems that only Refco would permit PIPS to trade via them given the speculative nature of the scheme. So when Refco collapsed, what could PIPS do?
Now, was PIPS properly valued at $3 billion? We don't know. If they were trading 100:1, it had $30 million.
But if it was trading 10:1, it had $300 million.
Does anyone know?
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Thread: PIPS and Refco
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20-04-2006, 06:27 AM #1
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PIPS and Refco
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20-04-2006, 07:06 AM #2
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Forex ?? Nope..
Originally Posted by surfer1
Tiiger
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23-04-2006, 05:36 PM #3
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Sos, If Our Money Is Working Why Won't Our Founder Chim In And
Give Us Some News. Because It Not . Has Anyone Got Any Money
From Ha Ha Lotto. No And They Will Not. He Who Ask For Nothing
And Gets Nothing . Will Not Be Deceived.
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23-04-2006, 06:21 PM #4
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Originally Posted by jjflash
Hey swifty,
The lotto officially started "TODAY". No one could have any money from it yet.
Some people need to think before they speak, or better yet...READ!!
Then your posts won't sound so dumb.
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23-04-2006, 08:15 PM #5
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Oh... I see.. It's all because of Refco!
Give me a break!
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24-04-2006, 03:35 AM #6
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In Owen Platt's book he quotes the following denial from Refco:
Dear Sir,
With regards to your recent enquiry, we do not have a client registered with any of the following trading names:
PIPS
PIPS Inc
Pureinvestor
PIPS Capital
Further to that, there is no margin or lending facility in record extended to any of the above trading names in any of the major exchanges we are active in, this includes CME, CBOT, LIFFE, EDX, TIFFE, EUREX. This applies to listed and OTC contracts within any of the above metioned exchanges.With regards to your enquiry about KLOFFE, it is a highly iliquid market with a very limited number of listed contracts mainly focused on local index futures/options. To the best of my knowledge none of the companies named above are active on KLOFFE.
Please do not hesitate to contact me should you need aditional information.
Regards
James XXXXXXXXX
Refco Prime Brokerage
[email protected]
212-587 XXXX
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25-04-2006, 12:23 PM #7
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Let us wait
Patience is virtue. Let us wait,
Regards,
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25-04-2006, 02:07 PM #8
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If Carlton gets to quote from -that- book, then I get to quote from the Bible!
Arcturus
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26-04-2006, 12:16 AM #9
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Carlton,
....Owen's little epic there has a copywrite on it. It states on page ii that it was copyright 2006 by Owen Platt...going on to say all rights reserved. No part of that publication may be reproducted, stored in a retriving system, etc with out the prior written permission of the publisher which I am taking would be Lightning Source UK Ltd., nor can it be circulated in any other form that what it was published in.....could you please provide this forum with a nortizied copy showing that Owen has agreed to allow you to quote parts out of his book......I didn't think so........sad sad sad shameless self promotion going on here OWEN !! Does it get crowded inside you head with all the aliases ??
Originally Posted by Carlton Lewis
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26-04-2006, 12:26 AM #10
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Originally Posted by azmia
Got him nicely pinned there... ....
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