Special Situations Shareholder Vote Results Announced

87% Turnout for Slate of SAS(ACE) Proposals

For SLReports.net

87% of Special Situations (SAS : ACE) shareholders turned out to vote for the unprecedented slate of proposals tabled by CEO Wenden Xeno, as announced today in a press release. Since the Linden Lab announcement of Openspace Policy change SAS(ACE) has been caught between a rock and a hard place. A great deal of SAS(ACE) investments were tied up in JAM(ISE), which was itself hit quite directly by the policy change.

SAS(ACE) is the only Publicly Owned Company that allows for 100% democratic shareholder participation in company decisions.

Private investor Arbi Tomsen bought a majority shareholder stake in the company, including the largest portion of the Secondary Public Offering earlier this month, and earlier this week announced the innovative new SASw(ACE) IPO.

The number of votes counted were 564,704, and every single one of them were "Yes".

The policies announced included:

Election of Company Officers: Company Officers are to be elected in January every year. To be eligible for election, an Avatar must own at least 10,000 SAS shares. Each January, Interested Avatars are to request nomination for each post. Avatars shall be voted into each post by the end of January. There are three posts available: CEO, CFO and Senior Analyst.

SAS Strategy: "SAS strategy is simple." Xeno outlined following the vote, "The companies financial operations are split into Currency Trading and SL Stock Assets. Whilst Currency trading proceeds are returned to shareholders via dividends every month, profits from the appreciation of stock assets are only returned to shareholders when a benchmark stock asset value of 300,000L is exceeded, with the target stock asset value set at 400,000L."