"Vstex has taken a "second and third look" at the way we had agreed to proceed with the proposed merger, since Vstex's rules do not directly address it"

Following up with the first informational meeting held by CEO Skip Oceanlane (the meeting log is no longer available on the company website) we got an events schedule proposal, which got our formal approval.

Over at the VSTEX important issues are always under continuous scrutiny and sometimes we need to take one step back, whenever we deem it necessary in order to protect investors and ensure market fairness and transparency.

Earlier today we contacted CEO Oceanlane in order to ask for a modification of the original schedule, reminding him that the purpose of our "Section D" is to give shareholders enough time to review things, get all the info they need and eventually table resolutions.

We also quoted a sentence from first paragraph of Section D:

"effective shareholder control is a pre-requisite to sound corporate governance and should, therefore, be facilitated and encouraged"

Our requested change to the proposed schedule was to call for an additional shareholder meeting, to be held in full compliance with the letter and the spirit of our "Section D". Except for that, the original schedule was left unchanged.

In our email we explained that we were having problems because mergers were not really contemplated by our listing rules and the way things were being handled may not have been the best, in the light of our "Section D" spirit and provisions. We also apologized for any inconvenience and troubles this change could have caused to Oceanlane.

In return we got a proposal from him, proposal that we are evaluating.

It must be noted that over the time CEO Skip Oceanlane proved to be a competent and skilled businessman and on our exchange he has an outstanding record of detailed reporting and communication. That's why we're sure that at the end everything will work out for the better.

We're posting this news item to clear out any doubt that may have arised from CSV press release.

As an additional bonus for CSV and CSL shareholders, we posted this collection of mixed data about the two companies.