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For SLReports.net VCGIF(ACE) and VECIF(ACE) IPOs Reversed...
Verve Financial Services two ETF's, VCGIF(ACE) and VECIF(ACE) were reversed today following a lack of IPO shares being sold. This leaves only KPI(ACE), SOS(ACE) and SASw(ACE) as the remaining IPO's on the Ancapistan Capital Exchange(ACE).
KPI(ACE) recently announced the hope and expectation to sell out the remaining 308,000 shares of it's IPO in the next few weeks. KPI(ACE) is an ambitious RL/SL investment fund that hopes to take advantage of the nearing RL market bottom for value plays in blue chip stocks.
SOS(ACE) is the fundraising IPO of the Save Our Sims Foundation, which has designs on sueing Linden Labs over the apparent breach of contract in it's recent change in Openspace Pricing Policy.
In response to the Linden Lab update and apparent final determination of how the Openspace Policy Change will be rolled out ACE CEO Intlibber Brautigan recently stated, "It is worrying that they are leaving open the possibility at this late date of imposing scripting limits without specifying what they will be. This is exactly the sort of negiligence that led to whatever situation the lab claims when they say openspaces have been 'abused'. Without clear limits, this leaves us in a state of limbo subject to the arbitrary, subjective opinions of members of LL staff without any means for residents to be proactive in making good faith efforts to treat their sims properly."
SASw(ACE) is a Warrant-Option Derivative being offered by private investor Arbi Tomsen, the biggest private shareholder in Special Situations(SAS : ACE), and the selling out of the SASw(ACE) IPO is not a necessity for holders of the warrants to redeem them for the underlying shares. If the IPO does sell out then they can be traded on the open market just like a normal stock or security until the expiration date of May 15th, 2009. Brautigan also reaffirmed the ACE(ACE) forward guidance and gave insight into this month's traffic numbers in a press release, stating, "ACE Adsense revenues for the month to date stand at over $81.00, with a week left in the month, at this rate we should exceed $107.00 in adsense revenues this month. Page impressions stand at 95,000, so we should wind up somewhere around 127,000 impressions for the month, a bit less than last months record, but as can be seen, we are retaining active adsense revenues. This shows that with our growth in traffic, our server costs can be supported by ad revenues almost entirely, so stock trading commissions can go to land tier expenses, advertising and marketing, and to profits and dividends for shareholders. Our previous profit estimates of 100k-150k for this quarter remain on track." TOP NEWS:
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