JCP Delisted, Ending the Saga

VSTEX Pulls the Plug on Beleagured Company

For SLReports.net

Samantha Goldflake, Communications and Public Relations Director at the Virtual Stock Exchange(VSTEX), announced today that the long-drawn saga of abandoned company JCP(VSTEX) was brought to an end today via permanent delisting.

Unbonbom Aabye, the market participant who has been trying to acquire the delabidated public shells of VLADA(ISE) and RCP(SLCAPEX), made a proposal to keep the company alive for the sake of shareholders, but was quickly refused by VSTEX management.

"Over the time, we tried to work with the company CEO, to no avail," Goldflake said in the official press release, "You can read the full email transcripts; we also called for a shareholders meeting and no one did attend. We then sent a notecard to every shareholder. The good news is that all of their SL accounts are still valid. The bad news is that despite the sheer amount of notecards accepted, in the aftermath of our efforts only three shareholders offered some feedback."

It was determined that JCP(VSTEX) violated no less than five VSTEX listing policies.

"Accounts under control of the management were frozen at the time of the trading halt, as per our rules. We believe the management is guilty of a breach of the duty of loyalty towards the company shareholders," Goldflake explained, "Since shareholders could not, or did not want to step in, we're delisting JCP and redistributing to shareholders (managers excluded) every asset held on our exchange by the management."

JCP(VSTEX) had been under a temporary trading halt since September 24, 2008.