|
Beck / Nestler Partnership to acquire SL Capital Exchange (SLCX)
|
|
Written by Hak
|
|
Thursday, 04 September 2008 |
|
Beck / Nestler Partnership to acquire SL Capital Exchange (SLCX) By Hak Scott Nestler and Bogart Beck today announced a tentative Agreement to acquire a majority shareholder interest in the SL Capital Exchange (SLCX) in a private transaction between themselves, Arbitrage Wise and Chango Kanto. This is a significant development for both Capex and SL Wallet and should hopefully have a positive effect on both the future development of Capex and the sustainability of SL Wallet (SLW).
There has been increasing co-operation between Scott Nestler and Bogart Beck during 2008 and with Scott's recent purchase of 5.5 million shares of Capex an acquisition was on the cards with cash strapped Arbitrage Wise always likely to accept a fair offer. Arbitrage Wise, commenting on the announcement stated, "I made a promise in January to fulfill my obligations to JTF Depositors and to finish the visionary projects we started in 2007. This agreement will provide the free cashflow and stability we need to execute that plan. I am confident that Bo and Scott are the right stewards to lead the SL Capital Exchange into its next chapter and they've offered a more than fair price for SL CapEx. Shareholders of both SLCX and SLW should be delighted with this Deal." The full story can be read at http://www.slcapex.com/home/story/system/1929
|
|
Last Updated ( Friday, 05 September 2008 )
|
