After a contentious, sometimes humorous, and often ironic multi-headed race for GIIF(ISE) by a handful of individuals and investment firms, ISE Cocky Dagger announced the final winner of the shareholder vote today.
"I have to declare Mart Lupino's option 3 the winner," Dagger announced in today's public comment, "There is supposed to have been one more person to vote but it wouldn't have mattered. The conversion will happen in the next 2 business days as well as the assets being switched over to an account of Mart's choosing. Thanks everyone for voting and helping to see an end to the saga of GIIF."
Lupino had tabled three different options for assuming control of GIIF(ISE), and his proposal to melt his FVS(ISE) into GIIF(ISE) won out.
Responding to the win Lupino outlined his immediate strategy, "FVS will be converted to GIIF at a rate 1:2.5. Shareholders of FVS will get for every 1
share FVS 2.5 shares GIIF. GIIF needs to be renamed to VSIF (Virtual Stocks Investment Fund). After this melt there will be totally 193,143 VSIF shares outstanding. With a value per share of L$3.10."
GIIF(ISE), which opened the day trading near L$20.00 a share, tanked during today's trading session to an all-time low of L$1.55 on 310 shares. FVS(ISE) is trading below it's average of L$11.71 at L$10.38 without exchanging any shares today.
Published by Nicolo Luminos
I am a journalist in SL who covers a wide spectrum of topics. Currently working on: Financial Sector Documenting RL/SL Synergies Travelouges/Event Coverage View profile
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