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Replies to post #13675 on Indo Global Exchanges Pte Ltd (IGEX)
Nadendla
07/24/15 6:15 PM
#13682 RE: douglll #13675
International Global Exchange (otc pink:IGEX) today announced it is in final stages of reaching an agreement to acquire 32% of an Australian-based Managed Investment Scheme. The undisclosed deal will see an IGEX appointment become a member of the investment committee and responsible for managing the Fund's Derivatives and Forex portfolio. IGEX will also be appointed to the board of the company once the transaction is completed. The ownership is split between managers and financial planners that are referring clients to the managed investment pool. The financial planners receive bonus equity on achieving new Funds Under management targets. This will ensure a continued flow of new funds and keep established funds within the system. IGEX will be responsible for managing 4% of the fund and 4% of new funds monthly. This will represent millions of funds under management and substantial revenue to IGEX