Woulfe Mining Corp WFEMF

RE: Canadian Brokerage Shuts Down

[StockExpertPro]

Canadian Brokerage Shuts Down

You might want to take a look at this. This could explain why the interim CEO Mr. Hubert Marleau came back from South Korea empty handed. He could not even complete a deal to save his own firm, Marleau, Lemire Inc. As of June 1, 1998, Marleau Lemire Securities, Inc. went out of business. This seems to explain a lot and speaks volumes about how incompetent management is at this company. Why would the board of directors put Hubert Marleau in charge of finalizing this deal for Woulfe Mining? If they know he has a track record of failing to close a major deal when everything is on the line.

https://investing.businessweek.com/research/stocks/private/snapshot.asp?privcapId=21645

Canadian broker/dealer Marleau Lemire Securities is shutting down after failing to reach a deal with another firm to salvage its floundering operations.

The last best hope, a buyout with Western Canadian broker Canaccord Capital, fell apart primarily, sources say, when Marleau Lemire was unable to guarantee their remaining key producers would agree to stay.

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"No one here is interested in being sold like cattle," said one producer.

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https://wealthmanagement.com/archive/canadian-brokerage-shuts-down

Canadian broker/dealer Marleau Lemire Securities is shutting down after failing to reach a deal with another firm to salvage its floundering operations.The firm was founded in 1989 as one of a handful of publicly traded brokerages in Canada. It has suffered losses in recent years as competitors made in-roads into its bread-and-butter small-business financings, and key managers and producers left.

https://wealthmanagement.com/archive/canadian-brokerage-shuts-down

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But one long-time Marleau broker says, "There are no brokers and no clients that are going to stay with a defunct firm for a second longer than it takes to get situated. This place will be boarded up in a matter of weeks."