Sri Laxmi Ganapathi Ventures (SLG : ACE) volutarily delisted from the Virtual Stock Exchange (VSTEX) and migrated to the Ancapistan Capital Exchange (ACE) today.
"It was a pleasure to work with SLG and its management; the best we could do for them was to offer once again our unrivalled support service. It's our way to do business." Samantha Goldflake, VSTEX Communication and Public Relations Director announced, "In one hour we proceeded with the halt and we sent a VSTEX certified shareholders list."
There were 60 shareholders, and 600,000 issued shares in the company.
At 03.28AM SLT today VSTEX received a request to volutarily delist from SLG(ACE) CEO Pradeep Planer. The delistment was smoothly handled, and within an hour the company was taken from the VSTEX trading floor.
"Formerly trading on VSTEX, SLG has applied to be relisted at ACE. There will be no relisting fee, and trading should commence later this evening once we have processed everything," ACE CEO Intlibber Brautigan stated in the official press release, "We want to thank Pradeep and his shareholders for the confidence they have shown in ACE. We look forward to SLG trading to increase in price and volume as we have seen with other companies relisting at ACE."
"We also want to thank VSTEX for handling the delisting so professionally." Brautigan added.
In an October 21st press releast Brautigan took the unprecedented step of calling for relisters from other exchanges, and while this is the first to have come since that call, it is the second company that has left the VSTEX to come to ACE.
"As can be seen with FED(ACE) and PFW(ACE), companies that relist at ACE enjoy significantly higher share prices and trading volumes than they experience on other exchanges." Brautigan stated in the October 21st press release. "Shareholders in both companies are very happy since relisting at ACE and we expect that other companies that relist with us will experience similar trading success. ACE has over 2500 account holders with dozens of locations across the grid. We also make extra effort to help our listed companies promote themselves to the public and our strong relations with SL media allow us to get them media access that others tend to not bother with."
At the VSTEX PFW(ACE) shares traded near .35 per share, and has seen a definable resurgence in its time on the ACE.
The ISE has also had success with WSE delisting migrants, recently becoming the home for FVS(ISE), FKH(ISE), and ALC(ISE).
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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