VSTEX Permanently Delists Atlas Venture Capital (AVC), Second Life Creations (SLC)
When I wrote about VSTEX, AVC and SLC, I expected there to be some action soon. VSTEX just posted that they have decided to permanently delist both AVC and SLC:
...AVC situation
With immediate effect, AVC status is changed from "temporary halt" to "permanent delisting" (the latter definition may have different meanings on different exchanges and/or real life, so please read our listing rules, "delisting section" at the bottom of the rules page).Please refer to the temporary halt news and to the response to Monkey Canning public statement he posted via the AVC SL chat group...
...SLC situation
With immediate effect, SLC status is changed from "trading" to "permanent delisting" (the latter definition may have different meanings on different exchanges and/or real life, so please read our listing rules, "delisting section" at the bottom of the rules page).Please refer to: SLC trading halted (Oct 16, 2007), SLC back in the trading room and SLC back in the trading room... NOT (Oct 18, 2007), SLC-CCI: end of talks (Nov 14, 2007), SLC update (Nov 17, 2007), A proposal for SLC shareholders (Nov 19, 2007), SLC is back (Nov 26, 2007), January 15, 2008 news, SLC update (Feb 18, 2008)...
But there's more. They also updated their listing rules due to these situations (and others, perhaps). They didn't indicate what, exactly, changed.
Technorati Tags: Business Metaverse SecondLife Stock Exchange VSTEX VSTEX AVC Atlas Venture Capital SLC Second Life Creations
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VSTEX rules
Rundown of the changes since the last update:
- now the CEO has to notify us in writing of any change in his status that may prevent him from managing the company or handle his duties. He will follow all of the instructions he will be promptly given from the VSTEX.
So, since no period is specified, the CEO will have to inform us of any absence or any change that may prevent him from doing his duty. Then he'll have to wait for our instructions.
- we made more clear that listed companies must comply with Linden Lab rules and policies.
- we expanded our delisting rules, now it should be more clear what happens at that stage.
Best ragards,
Samantha Goldflake
VSTEX Communication and public ra,ations Director
http://www.vstex.net