Golddust

Hello All,

I have not posted for some time and the forum automatically encourage me to participate.

I am not sure if I am in the right department because I could not find so many DX related messages any longer.

I was cleaning my home office and deeply buried I found my DXGlobal Company folder. I was one of those members who paid over $900 the first time but not the second time around.

Is this something I should hold on to another year or should I just dump it in the waste bin?

Do you guys have that folder on your shelf?

the Guru

We have one of those folders also and like you, paid to get it originally but did not renew it (in fact I actually came out and advised against renewing the DXGC through GDT).

The decision to renew it or not should depend on what you are using your DXGC for. Originally we were told that GDT would be providing further information on how to operate your DXGC but, as with all things DX, that information never materialized and so we didn't actually use our DXGC for anything.

It can be advantageous to hold an offshore company for various reasons and if you have plans to do this then I would suggest keeping it up to date ... BUT find out how to do this directly with the Vanuatu authorities and do NOT use GDT as the middle man (if fact I don't even think there is a way to renew your DXGC through GDT at the moment ... but that's alright because GDT don't believe they need an online website at the moment )

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CuriousGeorge

DO NOT DUMP THE PAPERS!!!!!!!

Here's why. THere are persistant rumors that there has been a filing of a petition to "wind up" GDT in the Vanuatu court system. If this is true (and the preponderance of what little I can dig up indicates it is true) AND if the court finds GDT insolvent, you will be able to get a copy of the judge's findings. With that finding (or whatever they call it) COMBINED with documentation and you have what is needed in the US tax system to declare a loss on an investment.

This, of course, assumes you actually took a loss. Some did not.

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