For SLReports.net
In a roundup of recent Virtual Stock Exchange (VSTEX) news and developments, VSTEX Communication and Public Relations Director Samantha Goldflake shed light on the lingering plight of beleagured JCF(VSTEX).
"Last time we heard from the JCP CEO, Mr. TheLoneWolf Arkin, was via email on Tue, 21 Oct 2008 00:13:22 +0200 [00:13:22 CEST]. Basically, he claimed the company back in order to relist elsewhere. We resisted that claim in the best interest of shareholders," Goldflake explained, "Mr. Arkin wasn't in good standing with our exchange and it was our duty to resist his claim. We tried to get in touch with JCP shareholders, with news, announcement and an inworld notecard sent to each of them. Three of them answered back over that time, but we could not get a resolution from shareholders as a whole. We never heard again from Mr. Arkin since the email mentioned above and our determination is that JCP is a "public shell" (as per our rules). Lacking adequate input from shareholders, the company will be permanently delisted and the few assets held on our exchange will be distributed to shareholders (with the exception of ex-managers)."
Goldflake also announced the dissolving of the PFW(ACE) risk fund, "The Parks Fireworks risk fund held by us has been transferred to the company CEO, Mr. Allen Parks (on his VSTEX account). The risk fund for PFW amounted to 808L$."
Goldflake also explained the status of the VHE(VSTEX) and TDJ(VSTEX) IPO's. "The economy in SL is not very healthy and it's not easy to sell an IPO, even for good companies. We're hereby extending the "IPO window" for VHE and TDJ until December 10, 2008. This will raise the total IPO time to 31 days. More than this would be unfair to investors. Some exchanges will let IPOs run for months, we believe that over 31 days would be too much. No more extensions will be allowed, so investors can be assured that they will receive their shares or their money back no later than December 11."
Goldflake also took the opportunity of the press release to remind investors of the upcoming December Volume Trader Promotion at VSTEX.
In a roundup of recent Virtual Stock Exchange (VSTEX) news and developments, VSTEX Communication and Public Relations Director Samantha Goldflake shed light on the lingering plight of beleagured JCF(VSTEX).
"Last time we heard from the JCP CEO, Mr. TheLoneWolf Arkin, was via email on Tue, 21 Oct 2008 00:13:22 +0200 [00:13:22 CEST]. Basically, he claimed the company back in order to relist elsewhere. We resisted that claim in the best interest of shareholders," Goldflake explained, "Mr. Arkin wasn't in good standing with our exchange and it was our duty to resist his claim. We tried to get in touch with JCP shareholders, with news, announcement and an inworld notecard sent to each of them. Three of them answered back over that time, but we could not get a resolution from shareholders as a whole. We never heard again from Mr. Arkin since the email mentioned above and our determination is that JCP is a "public shell" (as per our rules). Lacking adequate input from shareholders, the company will be permanently delisted and the few assets held on our exchange will be distributed to shareholders (with the exception of ex-managers)."
Goldflake also announced the dissolving of the PFW(ACE) risk fund, "The Parks Fireworks risk fund held by us has been transferred to the company CEO, Mr. Allen Parks (on his VSTEX account). The risk fund for PFW amounted to 808L$."
Goldflake also explained the status of the VHE(VSTEX) and TDJ(VSTEX) IPO's. "The economy in SL is not very healthy and it's not easy to sell an IPO, even for good companies. We're hereby extending the "IPO window" for VHE and TDJ until December 10, 2008. This will raise the total IPO time to 31 days. More than this would be unfair to investors. Some exchanges will let IPOs run for months, we believe that over 31 days would be too much. No more extensions will be allowed, so investors can be assured that they will receive their shares or their money back no later than December 11."
Goldflake also took the opportunity of the press release to remind investors of the upcoming December Volume Trader Promotion at VSTEX.
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