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Written by Hak
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Tuesday, 13 May 2008 |
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MED to Take Over QCL? By SL Hak SL Reports previously announced that Mediterraneo OC (MED) were proposing a take over bid for Quattrocolori SL (QCL) a de-listed VSTEX company. The CEO of MED Principedemone Ewing has now sought support from QCL shareholders with the following proposal:
- All "owner" and treasury shares in the name of ex CEO Armagoku Dagostino will be registered in the name of Principedemone Ewing (MED CEO)
- Name change from "Quattrocolori SL" to "Mediterraneo Virtual Editions" and listing with the VSTEX under the MVE symbol.
- Reprise of the advertising business with a dedicated 5 persons staff, reprise of the "MED Magazine" publication, recruitment of 3 columnists and a magazine director.
- Possibly, a shares buyback
- New website for the company and setup of a structure to begin web multimedia and news streaming
Shouldn't shareholders accept this plan:
- Mediterraneo OC will call void any outstanding contract with QCL (no work is being done from QCL, anyways)
- QCL assets will be returned to "non management" shareholders. For a list of assets see:
The known QCL assets are currently: L$110k at VSTEX MED shares 10,335 VST shares 8,200 QCL shares 6,269 ITL shares 1,050 SBP shares 200 All shareholders should vote by 16th May to express their wishes. If you are a shareholder of QCL additional information can be obtained from Principedemone Ewing. If you know of any SL finance gossip or news, please IM Hak or send an e-mail to
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