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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: Maurice Winn who wrote (4341)2/16/2006 6:15:14 PM
From: TobagoJack  Respond to of 217816
 
capital group suffering from redemption - check news

<<I missed the drop down after my first tranche. C'est la vie. There are plenty more fish in the sea.>>

don't worry, another chance on livedoor may occur, when geologist drop from helicopter or executive commit suicide by way of multiple stabs to the heart and a shot to the head ;o/



To: Maurice Winn who wrote (4341)3/13/2006 10:54:12 PM
From: TobagoJack  Respond to of 217816
 
watch & brief: livedoor that is death trap

regarding Maurice ... <<... having a jolly time with Livedoor>>

online.wsj.com

Livedoor to Be Delisted in April From the Tokyo Stock Exchange

By YUKA HAYASHI
March 14, 2006

TOKYO -- The Tokyo Stock Exchange said yesterday it is delisting shares of Livedoor Co. next month, in the latest setback for the Internet company.

The exchange said the reasons for delisting Livedoor included charges of misstating financial statements and the grave impact that the alleged actions had on the market.

The TSE's move comes after Japan's securities watchdog, the Japan Securities and Exchange Surveillance Commission, filed new criminal complaints1 yesterday against Livedoor and five top former executives, including Takafumi Horie, the 33-year-old former chief executive, and asked Tokyo prosecutors to indict them. Prosecutors are expected to indict the executives today on charges they tampered with the company's books. Four of these five executives were already indicted on similar charges related to a subsidiary, Livedoor Marketing, last month.

The delisting will become effective April 14. The one-month period is designed to allow investors time to decide what to do with their shares, including giving them an opportunity to sell. Once the shares are delisted, it becomes hard for shareholders to buy or sell the shares. Livedoor Marketing's shares will also be delisted.

The delisting of Livedoor's shares won't significantly alter the company's financial standing. Its shares won't become worthless even after the delisting because Livedoor still has many assets, including stakes in profitable companies.

Shares of Livedoor have lost much of their value since Tokyo prosecutors raided the company's offices on Jan. 16. Livedoor shares ended yesterday's trading at 66 yen (55 cents), compared with 696 yen just before the investigation started. Livedoor said in a statement it will take steps to strengthen its internal controls.