SL Capital Exchange didn’t like, at all, the lack of financials posted by Hoorenbeek (HBK) and Nestler Investment’s (NIC) and decide to show a firm hand on both companies. As so, both have been halted for “not posting financials” and fined, according to SLCapex’s regulations.

According to this scenario, HBK and NIC will only be again allowed to resume trading activity when they decide to post financials respecting SLCapEx’s terms and demands, besides having to fully pay the fine. Limer Fredriksson told SLR today at 12:38 that the situation was about to be taken care of: “We just had a problem with a hard disc and been very busy. We will upload the financials today.” About NIC we’re still waiting for a reaction from CEO Scott Nestler.

In a statement for Associated Content Bogart Beck explained, " "We're looking at several policy changes specifically designed to help level the playing field between Investor and listed-company. For example, minimum or continued listing requirements (several viability and solvency tests) as well as a bit more rigidity in the methodologies used for providing Financial Statements."

Furthermore Beck clarified, "In the end each of the SL Stock Exchanges differentiates based on their own Regulatory viewpoints. There is very little enforceability here after-the-fact therefore we're looking to establish a more meaningful way of helping qualify IPO's and providing reasonable oversight and guidance before companies find themselves in trouble or investors find themselves trying to hunt down CEO's"

http://www.slcapex.com/

 Alessandra Narayan - SLR Financial Reporter

HBK and NIC Resume Trading Deficiencies Indentified
HBK(SLCAPEX) And NIC(SLCAPEX) Resume Trading, Deficiencies Indentified, SLCAPEX CEO Bogart Beck Announces Stricter Financial Reporting Rules Coming In January 2009.

Save Our Sims IPO Aims at Legally Challenging Linden Labs
Save Our Sims IPO Aims At Legally Challenging Linden Labs, Ancapistan Capital Exchange(ACE) Leading The Charge In Openspace War

Ashleigh Wade Posts FED Financials
Ashleigh Wade Posts FED Financials, FED(ACE) Loses L$15,376 in October

9th Highest Trading Day Ever for SLW Almost One Million Shares
9th Highest Trading Day Ever for SLW(SLCAPEX), Almost One Million Shares, SLW(SLCAPEX) Surges with Largest Volume Day in Over a Month

MLS IPO Sells Out with Blistering 100255 Shares Sold in One Day
MLS IPO Sells Out with Blistering 100,255 Shares Sold in One Day, Firstdesigns Milos Seeks Directors at Shareholder Meeting

Bellweather BDVR Announces Aggressive Stock Buyback Plan
Bellweather BDVR Announces Aggressive Stock Buyback Plan, CEO Robo Marx Calls for Release of LL "Communist Grip"

Tue Torok Unveils New Menu System
Tue Torok Unveils New Menu System, HIFI(SLCAPEX) CEO Continues To Improve On Technology

Giampaolo Huldschinsky Announced VicePresident at IMG
Giampaolo Huldschinsky Announced Vice-President At IMG(ACE), New VP Has Deep Ties In Financial Community, Excited By Possibilities

SLR Announces Possible Acquisition by Phoenix Fire Multimedia
SLR(SLCAPEX) Announces Possible Acquisition By Phoenix Fire Multimedia, CEO Cash Yiyuan Also Introduces New Financial Reporter, Increase In Web Traffic

SLCAPEX Halts Hoorenbeeck Pending Financial Compliance
SLCAPEX Halts Hoorenbeeck Pending Financial Compliance. HBK(SLCAPEX) Not Trading Due to Non-Compliance With SLCAPEX Financial Reporting Policies.