Tuesday, March 18, 2008

LEM, LWI, LFB and LHH delisted!

LEM, LWI, LFB and LHH were delisted today as you can read on the home page of WSE (www.wselive.com). Assets of 4.5 M $L are converted to WTF shares. After WSE our responsibility with our virtual business on WSE ends the moment WSE closes the business on WSE. ..sic.

The story is simple. LEM was and is concerned what happens in WSE. We are also concerned that CEO’s of listed companies at WSE are not considered in the future development of WSE nor even informed. Furthermore we think that there is no transparency at WSE as no financials are available which doesn’t help to establish a sound confidence to the management of WSE. We therefore organized a meeting with other concerned companies 10 days ago. Luke was aware that this will happen.

After this meeting we asked Luke to have a discussion with him what he accepted but only to expel me before this could happen. The meeting was scheduled on last Sunday.

The delisting of LEM has a major impact on our shareholders. We feel extremely sorry for you about this unexpected raid and the way WSE is handling this situation.

If you compare with our last financial report we had about 7’414'969 $L assets and a NAV of 3.98 $L per share. On the WSE only we were major shareholder in HCL with 1’2 M shares and had 1 M $L in HCB. Totally we can claim 4.5 M $L assets at WSE inclusive a cash position of 300k $L and I don’t speak about not yet paid dividends for DDE, CAR, HCB, HUI and others. Please refer to our latest financial report from Feb08.

After WSE our responsibility on our virtual business on WSE ends the moment WSE closes the business on WSE. In exchange you get WTF-shares which I don’t want to comment.

We don’t accept this situation as LEM was a growing company which increased its value till the market closed up to 400% in only 8 months.

An abuse record was written to Linden lab, Lemurs are not only cute but also ghosts causing nightmares after Roman mythology to those who behaved badly…lol. Hey we still can laugh..

The brand Lemur Invest still exists and the company will continue it's activities. Either as private company or list at another stock exchange . Unfortunately I haven’t got a shareholder list as WSE is refusing to give it us. If we will receive it we will consider the former shareholders in our remaining enterprise. In any case we will claim our assets from the WSE.

In case of further questions please IM or e-mail (casper.trebuchet@gmail.com) me.

I want to thank all former shareholders for their support and if you want to join us on our trunk leaving Africa to new territories no problem, just keep in touch.

Greetz

Casper Trebuchet
Lemur Invest, CEO

http://lemurinvest.blogspot.com


Links about recent delisting:
Delist of LEM
Delist of SLW
Delist of SRI
Legal aspects
Meeting-Transcript
Delistings at WSE

Official WSE-Web

1 comment:

Konner said...

I posted an article covering this story and included a conversation with Luke Connell.Check out
http://www.your2ndplace.com/node/1002


Best,

Konner McDonnell
Communications Director
Lemur Invest