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ACE Update 26th April 2008 - 10th May 2008 www.ace-exchange.com By SL Hak ACE has announced that their attempt at recovering lost data is floundering and that the SL International Business (SLIB) shareholders list appears unrecoverable. ACE has announced that a number of options are being implemented in order to compile an accurate list. This includes using the last dividend payment as a barometer, it is unfortunate that this list is almost 4 weeks out of date. ACE has been able to reconcile accurately 95 accounts due to no trading activity since the last dividend payment. The remaining 83 accounts will be re credited with their known shareholding on 29th February 2008, which was the last dividend payment date. ACE has advised shareholders to check their allocation and to report any discrepancies by submitting a support ticket. This announcement came with a health warning for those wishing to attempt fraudulent claims, Intlibber is waiting and all funds will be forfeited if this attempt is made and discovered. This seems a sensible solution and hopefully SLIB will be back up and trading by June, good news, but one very big headache for Intlibber and the staff at ACE.
There is a new IPO on ACE, Decosta Investment Group (DIG), CEO Hoeg Decosta is introducing a diversified investment fund and attempting to raise L$1 million, offering 50% of the company in return. Take up has been slow over the last 10 days with only 11,000 shares being sold. The Board of Directors has been named as Jacopo Perenti, Hoeg Boccaccio and Proust Villota. No familiar names and with only 2048 SqM owned and 25k cash in hand I suspect a long wait to IPO. Other companies still waiting to enter trading are ACE, which has 917k remaining shares at L$1 and SLIBRE, which has 15.3k shares at L$100. Blue Diamond Virtual REIT (BDVR), CEO Robo Marx has announced L$111k profit for April, with a L$10k dividend payment. BDVR is a real estate investment trust, whose website www.bluediamondvirtual.info lists it's extensive catalogue of land for sale. These are mostly small lots aimed at those looking for marketing opportunities. Intlibber Brautigan has announced that 600,000 shares in BNTFRE have been re purchased since IPO. The announcement also mentioned that negotiations were under way with a real world credit card company for licensing BNTFRE's in world credit card code. Intlibber teasing potential shareholders stated “The figures we are discussing are significantly in excess of the capitalization of BNTFRE, and the bulk of profits on any such deal will go to paying dividends and sustaining share buybacks into the future.” BNTFRE also announced a dividend of L$112k on 2nd May, that's L$0.0187 a share. BNTFRE are continuing their aggressive sales policy offering land at L$1 per SqM. This includes sizeable chunks of land in prominent locations such as Friedman, Hayek and Lorrey. Metaverse TV (MBC) whilst in IPO decided to restructure the offer and lowered its share price to L$2.50, Chairman Robustus Hax claiming that this provided MBC with a more accurate valuation and still raising sufficient capital. This worked and within a day the remaining shares were snapped up, the share price has remained steady. MBC has since announced an exclusive deal with Second Life Championship Wrestling, championed by Ivan Halfpint. Special Situations (SAS) has reported April financials showing profits up 36.2% and a dividend payment of L$0.0437, there is a proposed dividend target of L$0.05 for May. CEO Wenden Xeno claims it now has assets valued at L$410k and has reported extensively it's decision making process and strategy for continued growth. Read here. It's share price is still looking attractive with these proposed dividend payments with SAS trading roughly 10% above it's IPO price. It is great to see ACE back and trading, it's companies should be congratulated as they are some of the best for communicating with their investors. ACE however still remains in IPO, which is a disappointment as a number of features are desperately needed on the ACE platform in order for the exchange to offer its customers some of the features that their shareholders are experiencing on other exchanges. If you have any gossip or news about companies trading on ACE then please IM or send an e-mail to
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