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By Xavier Mohr, CEO SLReports.net SECOND LIFE, SL REPORTS, 21 SEPT 2007 - In a move met by cheer from some investors and anger by some, Allenvest Investment Group (CapEx: AIG) and Brautigan & Tuck Holdings (CapEx: BNT) have been scheduled for delistment at the SL Capital Exchange.
In delistment posts that seemingly changed by the hour, CapEx PR Director Xavier Mohr and exchange President Lindsay Druart first halted the stocks before CapEx CEO Bogart Beck revised the announcements to reflect intentions to delist the companies. At this time, however, AIG and BNT simply remain halted. No explanation has been given for the sudden moves, although investors have been promised full explanations will be posted by Monday.
AIG continues to experience unexplained liquidity issues with Allenvest Financial Bank. This concern is only compounded by the slipshod, vague financials which were posted a few days ago by CEO Investor Allen - a declaration that seemed to pose more questions than anything else. BNT CEO IntLibber Brautigan has in the past attacked CapEx management, policies, and procedures at the exchange owned by proclaimed nemesis Arbitrage Wise. In a coincidental announcement earlier today, L&L Bank and Trust CEO Lindsay Druart proclaimed plans to pursue a real-life DMCA lawsuit against Brautigan claiming he had in fact developed a system with Global Credit Card that was actually designed from her own specifications. There is no confirmation that both of the delistments will actually stand valid at this time, though most expect the exchange to follow through on their stated actions. On a related note, Second Life Media Specialties (CapEx: SLMS) remains halted as exchange officials investigate the current state of the company. Despite glowing financial reports last month, CEO Fresh Babenco has recently admitted to a liquidity crunch and BCX Bank CEO Travis Ristow has repossessed two parcels of SLMS land for non-payment. Babenco reports that the company lost a great deal of money at Allenvest Financial Bank, but these claims are disputed by exchange officials. For most, it now looks as if the future of the company is in serious question. In any event, it does appear that Second Life is shaping up for a dramatic weekend with Jasper Tizzy's disappearance from Second Life still on the mind of customers of 'The Bank', who can no longer withdraw funds from the institution. Stay tuned to SLReports.net for more information.
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