Rumor time

Discussion in 'New Century Transportation' started by Jockey, Apr 4, 2014.

  1. Jockey

    Jockey Member

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    Heard some whispers that Jefferies has sold off NCT to another holding company.
     
  2. jbusy12

    jbusy12 Member

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    where did you find that one?
     
  3. Local_Driver

    Local_Driver Pyle People deliver

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    I also heard that last week but did not want to start anything, heard that from a couple of drivers from Cowan of all places. Go figure!?
     
  4. ABFer

    ABFer Super Moderator Staff Member

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    Union would still go with.
     
  5. Jockey

    Jockey Member

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    Some of us have seen this show before....spoiler alert....doesn't end well....if you see people in yard inventorying equipment....head for the exit.
     
  6. Nctshopsteward

    Nctshopsteward Member

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    Our ex term manager works at Cowan Dave d
     
  7. Unionlife

    Unionlife Member

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    He was a good man. Never should have been let go.
     
  8. crash bandana

    crash bandana Member

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    Has anyone asked if someone at arnold transportation if they know? Jeffries still has a share with them. Secondly im sure im not the only one that invested directly into nct so they cant just close their doors without paying out that money back
     
  9. Jockey

    Jockey Member

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    The way it works is, they strip company of all assets ...put the money in their pockets...then claim bankruptcy...everyone else gets nothing....Jefferies sold their investment in Arnold in 2004
     
  10. crash bandana

    crash bandana Member

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    Jeffries sold 80%. Employees have been directly investing straight through nct, not the same set up.
     
  11. Jockey

    Jockey Member

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    I have no idea what you're talking about..only investing you would be doing thru NCT is a 401k...which has nothing to do with Jefferies and who might now own NCT.
     
  12. crash bandana

    crash bandana Member

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    New Century has been publicly traded on the stock market for 2 to 3 years
     
  13. jbusy12

    jbusy12 Member

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    no NCT is not publicly traded...where did u see that
     
  14. crash bandana

    crash bandana Member

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    Try reading the newspapers once in a while. They applied a little over 2 years ago
     
  15. crash bandana

    crash bandana Member

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    Google new century transportation going public. Itll take you to a page called truckers report. Once a public sharing goes through the company cant just be bought out because jeffries will be able to sell their shares but HAVE TO NOTIFY ALL SHAREHOLDERS. So any RUMOR of a sale is false because anybody can buy into the company and jeffries cant make final decisions so it would go to a board.
     
  16. werble

    werble Member

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    sorry crash you are misinformed, they applied but it did not go for IPO, aka initial public offering... if you check out their proposed stock ticker it wont show any activity because it did not go public....

    you wont find it in any newspaper or see it being traded
     
  17. werble

    werble Member

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    as for a sale... just another fun rumor as usual

    the proposed ticker was NCTX by the way in case you were looking for it
     
  18. jbusy12

    jbusy12 Member

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    crash banana, New Century is not public!


    the INTERNET will tell you that not a newspaper!
     
  19. uwork4me

    uwork4me Member

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    another rep quit from NY . J.F. he worked at ncty for 10 years. i heard there are no salesman left on long island. J.f. now works for another broker in ny....metro driver said he heard jf telling his customers ncty is going out of business. if you leave i understand but dont disparage the company...he also said another rep R V is leaving soon as well.
     
  20. Jockey

    Jockey Member

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    It was just a matter of time....heard some talk about Harry wanting to get back in the game....its been 2 years for him sitting on side lines getting daily reports about another of his creations being destroyed by YRC rejects.
     

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