Philand Ranch Ltd (1P8)

[silberesel]

philand: Only delays, no updates, no dividend, website not up to date and now........eventually delisting from open market in Frankfurt because of new requirements.........I really hope, that Henry will (for the first time in his life) show us real contracts the next two weeks........if not, it's over...I own CATA, Philand, PHIE and PHIG.......but I'm frustrated of all his promises (lies?) and fluffy agreements..........

http://deutsche-boerse.com/dbag/dispatch/en/notescontent/gdb_navigation/trading/60_downloads/500_open_market_circulars/INTEGRATE/x4_member?notesDoc=Rundschreiben+OpenMarket+Neu


2. First Quotation
In § 13 paragraph 1 General Terms and Conditions DBAG the inclusion
requirements in the Regulated Unofficial Market/Open Market for shares and
certificates representing shares not yet admitted to trading (First Quotation) have
been tightened.

Only shares and certificates representing shares will be included in the Regulated page 3 of 4

Unofficial Market (First Quotation) for which either a prospectus has been
provided or which fulfil specific minimum requirements regarding equity capital
and number of shares in relation to nominal capital or equity capital.

In case no prospectus was provided, the applying participant must

1. provide evidence by way of confirmation of an admitted auditor
that the equity capital of the issuer amounts to a minimum of €500,000 at
a due date no longer than two months before the application date and

2. provide evidence that the shares or certificates representing shares to
be included have a minimum(par)value of €0.1 or a corresponding value
in another currency. This evidence has to be provided in the Issuer Data
Form which will be adjusted also as of February 14, 2011 and which is
enclosed to this circular in the version valid as of this date.

Please note that a termination of inclusion of shares or certificates representing
shares already included in the Regulated Unofficial Market (First Quotation)
is intended provided it cannot be proven within an appropriate period of time that
either at or during the inclusion a prospectus had been provided or the require-
ments named under 1. and 2. are existent. December 31, 2010 or a more current
date will be accepted as due date for the evidence of equity capital.