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VSTEX statement on banking ban
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Written by Xavier Mohr
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Thursday, 10 January 2008 |
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From an announcement at VSTEX.net: First off, sorry if we post about this only now, but since the new inworld banking policy came out, we've been busy informing people both inworld and by email. The VSTEX does not offer interests on deposited funds. We'e not a financial institution. We're trying to look through the smoke and see if the new policy will affect us or not. I would like to stress out that at any given time we hold a 100% reserve on our ATMs and they will stay open with no withdrawal limits.
The VSTEX does not have any outstanding investment in any bank. All of VSTEX Company revenues come from scripting services and land rentals, plus stock exchange commissions. As of now in the worst scenario the revenues stream is going to be reduced, but not halted. Upon request from the management, we have halted ATG trading. Investors can be assured that they will be refunded the IPO price (2L$ per share) as soon as possible. As usual, we're available for your questions. Samantha Goldflake
Communication and Public Relations Director
Stay tuned to SLReports.net for more information.
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Last Updated ( Thursday, 10 January 2008 )
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