The Reports of MBC Buyout Have Been Greatly Exaggerated

Robustus Hax: "Buyout Rumors Are Completely Fabricated"

For SLReports.net

On November 28th, 2008, private investor Sportsbet Writer made an announcement on the Metaverse Broadcasting Company(MBC : ACE) public forum stating that the firm was being bought out by a Real Life company.

Immediately, questions sprung up, as the company cited was Microsaft (SAFT : NASDAQ), an industrial and workplace safety company, instead of the much more likely Microsoft (SOFT : NASDAQ), the media, internet, and computing technology giant.

Along with the "news" that MBC(ACE) was going to be bought out for USD$13.50 a share, Writer stated, "No suprise because of such big news announcements since July2008 and strong financial reports of MBC over the last months."

Writer did not respond to requests to substanciate the claim over the weekend. Friday was part of the long Thanksgiving holiday in the USA, and representatives at both Microsaft and Microsoft were not available for comment.

Friday morning MBC(ACE) was trading at L$0.90 a share, but jumped to L$2.60 over the weekend as some investors increased their MBC stake in hopes of being the benefactors of such a heavily weighted buyout. There were approximately 60,000 shares on the open market when the "news" broke for a top price of L$3.25 a share, meaning that if all information had been accurate, someone could have profitted more than USD$625,000 on an approximate USD$200 investment.

Prior to Microsaft and Microsoft offices opening in the USA on Monday morning SLReports.net was able to get into contact with MBC(ACE) CEO Robustus Hax, who stated unequivocably, "Buyout rumors are completely fabricated."