CAPX considers LEM as "CapEx Licensed Stock Broker". A headline in captial letters but which need some explanations.
First, this license will help LEM to reduce its transactions fees (0.25%) which is only to the profit of its stakeholders.
Secondly. LEM will get an entry in the Stock Borker's data base. This is important for the financial products we want to develop. In other words it will help us to create added value for our brand and help to promote our new products.
And last but not least it is a honor for LEM to be considered as such by the CAPX...8-)
However, such honor was mainy possible related to the active trading of us during September 2011 which even created market marker commissions. We first had to find out what that means. And you will understand why, as LEM is NOT and shall NOT be a trading company. If we trade it is mere by chance and because other opportunites are taking more time then needed, so we have a slight overflow in cash. This retard is mainly because the IPO went through so quickly and not 30 day as we had expected. But we work hard to overcome this „problem“... so stay tuned and let's see...
Greetz
Cas
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