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By SL Hak There have been several key development this week on Capex with allegations continue to mount against certain Directors of MetaNetwrok Media (MNM), the details are yet to be fully disclosed but are serious enough for Capex to freeze MNM trading on August 7th.
The reason given by Capex was due to allegations of wire fraud made by investors and former employees. Three days later Fawkes Deerhunter who describes himself as the COO and General Counsel for MNM resigned in an air of despondency. Just when you thought it couldn't get worse, Travis Ristow reclaims Synergy Island the home of MNM for non payment of tier. I suspect this will not be the last time I write about MNM. Kush Islands also appear to be in HOT water with CEO Clintovius Trotter announcing his intention to imminently abandon their sims unless an investor or two offered to take up ownership and pay forthcoming. The latest news is that Vital Beck has stepped forward to take over the sims, good news indeed for both residents and shareholders. It appears that the drama surrounding Tropical Temptations might be coming to an end with the announcement that Huff Huldschinsky has now taken full control of XXX with the transfer of sim ownership and purchase of 500,000 shares from Dimitri Gasser. There has been some frenzy buying of Capex (SLCX) shares over recent days with Scott Nestler, Cayman Beaumont and Cash Yiyuan all increasing their share considerable. Scott purchasing around 4 million shares mainly from Vital Beck who continues to reduce his shareholding, having sold 6 million in the last 3 months!
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