Van der Moolen puzzles again
45 comments / July 16, 2009
Van der Moolen serves as an easy target to make fun of. The listed trading firm has to inform the public on every bad move it makes. Today was another fine example. For unknown reasons the charming Hans Kroon decided not to join the board. A topic for speculation.Then the financial markets watchdog AFM suspended trading in the shares Van der Moolen. Awaiting a press release which did not appear. Again a topic for speculation. Guess they will present a complicated press release with serious bad news on Friday. A very complicated story probably, because simple stuff could have been released within an hour and trading could continue. And bad news, as good news is easy to explain.
Possible press release topic
Possible subjects for the coming press release:
- Another serious loss on dividend tax?
- A significant trading loss by rogue trading?
- Losing the last quarter results in the train?
- Insider trading?
I would place my bets on trouble with dividend tax : a little bit of history repeating. Time will tell.
0:56 *VAN DER MOOLEN'S RICHARD DEN DRIJVER STEPS DOWN AS CHAIRMAN
0:55 *VAN DER MOOLEN SEES LOSS EUR 7M-8M IN 2Q
0:55 *VAN DER MOOLEN EXPECTS OPERATIONAL LOSS IN Q2
What a suprise…:-)
8 million loss.. again.. will this company survive? Stepping down just because of losing? Na.. there must be more : the company has been losing money every day. Why did the AFM interfere?
Shares won't be suspended because of a loss.
Every VDM trader will confirm : CEO Richard den Drijver will NEVER step down unless forced to do so. He's the biggest shareholder.
Eureka!!
Every good VDM trader has already left the company.
8 million operational loss. Impairments not included yet! 🙂
25 million then?
Have you ever seen the film Fun with Dick and Jane staring Jim Carrey? 🙂
> Every good VDM trader has already left the company.
Please get your facts straight … some of the trader bonuses earned at vdMoolen dwarf those of many of the people on this board, so they have some heavy hitters. 37m in bonuses last year, do the math (see the archive for May). Or maybe you're using some other measure of trading success that you think will get you laid?
There is no such thing as a "board" at VDM.. and perhaps most of the bonusses were paid to traders who already left the firm?
I would imagine the author was referring to this blog when he wrote "many people on this board" and not to the Board of VDM. You do not seem to be very sharp. Furthermore the "perhaps" in your reply just shows that it is nothing more than random guessing on your side when you dream up certain statements.
Every GOOD VDM trader has already left the company or will leave soon
The company has been a victim of vulgair power games. First Kroon was ousted, then he came back via Curvalue. Curvalue would provide the brokerage platform — the crown juwel of the acquisition — and the technology to jump VDM's NY business (read back the press releases at the time). But both the brokerage platform (white-labelled EasyScreen, no BO solution) and the technology were empty shells. Both business lines were shutdown, with immense write-offs on the acquisition. After continuing power games in the SB Kroon came back, just to be forced out again last week, with his protoge Den Drijver, leaving the company in ruins.
Is dividendarbitrage legal?
nope
Interesting. I read somewhere that there are special adaptations to the taxlaw so that dividendarbitrage almost vanished. How is it possible that VDM still can use this kind of arbitrage? And what is the role of GSFS?
GSFS is a popular german soap opera.
From reading this and other posts I think the soap opera is the corporate history of Van der Moolen!!!
a truly dark one…
lots of things happend due to shitty management
Yep. Traders are leaving the firm.
Why a german soap, GSFS is a dutch companie, right?
FD confirms traders are leaving the firm, front page news
http://www.fd.nl/artikel/12062271/leegloop-moolen
Follow-up: Sem van Berkel gambled and lost…
http://www.blikopdebeurs.com/weblog1/pivot/entry.php?id=386
is it true that VDM-USA is closing?
rumor comming VDM from traders!
is vdm a ponzi scheme….
is it true?…vdm closing USA operations by the end of the month………
Yes, VDM is being investigated as a Ponzi scheme…..
Dude, I work in NY and I know we are loosing millions every month…..Dude, it is a ponzi…….
Is it true NY loosing money?
Dude, I know the numbers……We cook the books….
ignore the ponzi crap.
Whats a fonzi scheme?
this is not a serious question , have you been in a cave for the last 12 months ? And its ponzi scheme not fonzi
there is a lot of rumour that it is a ponzi scheme at vdm
Heeeeeyyyyy, its a Fonziiii scheme!!!
Why is not the SEC investigating?
I was just given the name Shaffer as the "Madoff" of VDM-USA!
Who is Shaffer?
managing director VdM Capital ? 🙂
Dude, that is the guy that cost VDM 400 thousand dollar because open a stock 12 dollars cheaper!!!!!!!(they pay the SEC in April 2009)…
And is the "new" CEO for USA……
Just imagine….!!!!
Why is VDM still in Business?
onJneJ http://gdjI3b7VaWpU1m0dGpvjRrcu9Fk.com
that link is invalid ..