Sri Laxmi Ganapathi Enters Active Trading at Ancapistan Capital Exchange

Sri Laxmi Gamapathi (SLG : ACE) became the Ancapistan Capital Exchange(ACE)'s 20th actively traded stock today.

"SLG is now in active trading status on ACE. This is the 20th actively trading stock on ACE, demonstrating our continued growth and leadership in the SL capital markets," ACE CEO Intlibber Brautigan stated in the official press release, "SLG formerly traded at VSTEX."

SLG(ACE) CEO Pradeep Planer also released a press release with the history of SLG for interested parties.

"SLGv was brought to life three months ago when i took took over a fallen company on VSTEX named Begneski Investment Firm which was abandoned by its former CEO.

"The total existing assets of BNF was put at ~113K (some 57K in cash and 56K in shares) and total outstanding shares after forfeiting shares of CEO and his suspected alt is ~414K. Thus the per share value is ~0.27. After i took the company i have added 123K more L$ and shares worth ~100KL$. Also we have increased total outstanding shares to 600K. Now asset value is 0.556L$/share which was much higher than 0.27L$ at the time the company had fallen.

"Given the fact we are a company that did not get any cash balance like any company that usually floats an IPO or an SPO we have paid dividends of 6000L$ (0.01L$/share) for the last two months we are listed and also have earned enough profits in the month of November to pay another 0.01L$ dividend this month.

"When we started three months ago our total assets are at 334KL$ and today we are at 374KL$ worth of assets. I.e 12% increase in 3 months after paying dividends. Our cash balance at start of the company is 180K and today it stands at 212.5K i.e (18% increase in 3 months) while our portfolio share value grew from 153K to 162K which is 5% over last three months. (there is a little degradation in the share value this month but we are confident our portfolio is quite good)."

Assuming that this information is correct, SLG(ACE) is awarded a Luminos Dividend Rating of 2-Stars, which is awarded to companies that pay dividends in 33% of the last 6 months or of it's applicable active period, and if it pays another dividend this month will progress to a 3-Star Rating. A company cannot achieve more stars than it has months of operation.