The recent announcement by MyWorld to establish an internal trading platform for its preferred registered shares raises serious questions about the utility and feasibility of this endeavor. In an email to marketers, the company made it clear that the acquired shares cannot be traded on public markets like NASDAQ, but will only be accessible on […]
Here is a filtered overview of the information Lyconet / myWorld has disseminated in connection with its supposed Initial Public Offering (IPO). Despite repeated claims by top leaders such as Markus Käfer and Gerry Seebacher, no IPO has taken place to date—and for good reason: The announcements turned out to be nothing more than empty […]
The much-anticipated IPO will not happen—shares will remain worthless, even though an “internal trading platform” is expected to be introduced in January 2025. The originally grand vision of bringing myWorld International AG to NASDAQ has long been scrapped behind the scenes. Despite numerous seminars and calls promoting the big IPO, it is now clear: such […]
Josip Heit, formerly known as Josip Curic, was sentenced to prison in Luxembourg for financial fraud. After his release, he changed his name and was able to gain some time for GSPartners through a settlement. The companies associated with Josip Heit include Karatbars International, GSB Gold Standard Banking Corporation and GSPartners, among others. Heit was […]
The bankruptcy of Switzerland-based Lyoness Europe AG & Lyoness International AG. The administrator tasked with handling the case is truly to be pitied; his nerves are frayed as this task proves to be not only arduous but also presents significant obstacles. Despite intensive efforts, he has only managed to recover around 110,000 Swiss francs, just […]
Nothing will change for injured parties who have already submitted a claim and were no longer active, especially since the Austrian Supreme Court of Justice has already declared the previous terms and conditions to be non-transparent and void. In particular, the court clearly rejected the fiction of marketers being considered entrepreneurs, which made it necessary […]
Lyconet marketers are currently being confronted with the following announcement, which comes as a surprise and presents them with a fait accompli without warning. The changes are quite something, and it seems difficult not to violate them. Find out here what you as a marketer have to do, observe or not do now. Unless you […]
The Elite Seminar in Budapest is just around the corner! While a spectacular show has been promised and will certainly be provided by the entertainment, one thing remains clear: the glittering facade is intended to distract from the massive problems in the background in order to attract more paying marketers. For months now, the legal […]
The case of the liquidation of Lyconet South Africa (Pty) Ltd is not only a story of financial mismanagement, but once again reveals the questionable behaviour of Hubert Freidl and Co. Both Freidl and Vitoshevich tried to deny responsibility for the debts incurred here as well. The Lin lawsuit: the precedent that uncovered everything A […]
t On the 21st of June 2024 the final verdict was handed down: Lyconet South Africa (Pty) Ltd is to be liquidated, the verdict confirms the company’s financial insolvency. But the real drama is playing out behind the scenes – the insolvency and closure are the result of an internal conflict, led by former senior […]
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