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GXG Exchange

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GXG Exchange

Post Sat Aug 24, 2013 1:59 am

Seems to be a lot of activity on listing of new companies going on there. Aside from is there a possibility of finding a diamond in the rough?
samiam
 
Posts: 48
Joined: Jul 2013

Re: GXG Exchange

Post Tue Sep 03, 2013 3:32 am

A single transaction by a GXG First Quote company Questus Global worth $200 million took place in June 2013 - nobody in the press seems to have caught it? Anyone know what's going on?

Questus Global Capital Market Ltd, Share Transfer Clarification

http://www.londoncapital.biz/2013/06/18 ... ification/

Revised Questus Global Capital Market, LTD. Share Swap with Vasseti (UK) PLC

This revised announcement supersedes the previous announcement made on June 18th, 2013 regarding the stock swap with Vasseti (UK) PLC, and includes a revised swap price on QGCM from $84.00 to $100.31 per share per the amended contractual consideration and provisions as indicated and referenced below. Questus Global Capital Market, Ltd. is proud to announce a close collaboration with Mr. Ranjeet S. Sidhu; Mr. Sidhu has contractually agreed to provide QGCM with Vasseti (UK) PLC stock in the amount of 336,371,000 shares, with a value of 0.445 EUR per share, for a total of 149,685,095 EUR valuation, in return for 2,000,000 shares of QGCM to be conducted at the agreed upon share price of $100.31, for a face value of $200,610,197.50 for his personal and family holdings. Mr. Sidhu is also a major shareholder of a listed company (Vascory Limited) on the Entry Standard in Germany.

Questus Global Capital Market, Ltd. has agreed with Mr. Sidhu to a contractually set period of time to retain the Vasseti (UK) PLC shares until at such time as mutually beneficial to QGCM and Mr. Sidhu to use the potential excess valuation of the held Vasseti (UK) PLC shares over and above 150M EUR to effect select project funding in return for providing QGCM 10.00% equity stakes for the benefit of QGCM shareholders. Questus Global Capital Market, Ltd. intends to leverage on the relationship with Mr. Sidhu to enter into Asia through the family company Vascory Limited; QGCM is receiving 22.00% of Vasseti (UK) PLC, which has a current Market Capitalization of 661.45M EUR, and QGCM is providing Mr. Sidhu 2M shares of QGCM at $100.31.
samiam
 
Posts: 48
Joined: Jul 2013

Re: GXG Exchange

Post Thu Dec 26, 2013 10:50 pm

Kilimanjaro Capital GXG: KCAP is now dually listed on the US OTC as KIMJF:

http://www.otcmarkets.com/stock/KIMJF/quote
samiam
 
Posts: 48
Joined: Jul 2013

Re: GXG Exchange

Post Wed Mar 26, 2014 1:41 am

GXG Markets A/S : Restoration of Trading - Proventus Renewables PLC - (PREN)
The market quotation and trading of Proventus Renewables plc (PREN) has been restored on the GXG First Quote with immediate effect.
GXG Markets Issuer Surveillance Team http://goo.gl/Q483mu
davidscott
 
Posts: 4
Joined: Mar 2014

Re: GXG Exchange

Post Mon Oct 05, 2015 6:29 pm

FOR IMMEDIATE RELEASE
Capital Venture Europe Plc Makes Damage Claim against Danish GXG Markets
Market Crash Resulted in €2 billon Loss, Largest in Scandinavian History
October 5, 2015 (London)
On August 18, 2015 the Danish regulated stock market, GXG Markets, ceased operations in London and Copenhagen after a finding of gross negligence by the Danish Financial Services Administration. GXG voluntarily surrendered its license to operate a European Regulated Exchange and two EU Multilateral trading Facilities. At the time of the GXG Markets collapse, upwards of €2 billion in market capital listed on the exchanges disappeared stranding most shareholders and leaving them with essentially worthless and illiquid shares. In the UK, GXG had encouraged pension plans to invest in the now worthless shares.
Capital Venture Europe shareholders experienced a loss of €50 million in market capitalization and now may be unable to sell their shares. As a result Capital Venture Europe has retained legal counsel, Washington DC based Brimstone & Co, and has filed damage claims against GXG Markets and its Swedish parent company GXG Global Exchange Group. Both GXG companies are headed by NASDAQ OMX official Carl Johan Högbom.
According to a Company spokesperson, Capital Venture Europe has documented five or six massive frauds that were perpetrated using the GXG stock markets. In at least two cases, companies were allowed to amass market capitalization in excess of $1 billion. Suspicious transactions totaling almost $750 million went unnoticed by GXG. Fraud losses to investors could top $2 billion.
Dr. Jonathan Levy, a solicitor who is representing Capital Venture Europe stresses that the case is in its infancy. According to Levy who has current legal cases against Swiss banking giant UBS AG and the Vatican Bank: “To quote Hamlet, ‘Something is rotten in the state of Denmark,’ I can see regulators missing one or two of these scams but five or six?” Levy has filed public records requests with several national regulators as the case grows. He also reports that several of the New Zealand brokerage firms, shell companies and corporate advisors registered with GXG had questionable backgrounds including bans by other security regulators. “I am baffled why a stock exchange would permit so many known bad actors to participate in a regulated activity.” Capital Venture Europe however has asserted that the GXG exchanges were the hub of the questionable activity, the one common factor.
Although Denmark ranks high for transparency in business dealings and integrity, in the case of the Danish GXG, the Danish Financial Services Authority has only released a single statement which lacks much information and has not addressed the billions of dollars in alleged fraud.
For more Information:
Capital Venture Europe
22 Woodstock Street
London W1C 2AR
United Kingdom

To Contact the Law Firm:
Brimstone & Co.
Tel/Fax +1 202-3182406
info@brimstoneandcompany.com
samiam
 
Posts: 48
Joined: Jul 2013

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