Shirerithian Company conducts market raid on Atacama Corporation
The generally predictable trading day at the Constancian Commercial Exchange resulted into bedlam merely a few minutes after market opening today, 11,VI.1690, with the CCEX composite index closing at a record 14,183.20, an all time high since its founding.
The primary cause was particularly evident, with long-time broker (since 1663) Oranjesion Private Equity Capital purchasing every single share available and listed in the market, at the consistent and maximum ceiling bid price of 5 Imperial Staters per share. Since the loss of its fee-simple property and infrastructure in Atacama, Kendall Isle, the Atacama Corporation share price had dropped from 845 Imperial Staters when it was first listed nearly 3 decades ago, to a mere 3 to 3.5 Imperial Staters per share these past few weeks, a significant drop of 99.65% of market capitalization. From an 845-billion Imperial Stater corporation, in recent months, Atacama Corporation had been worth a mere 3 billion Imperial Staters in total, owing mainly to its 9.9% stake in Banca Credito Commercio Immobiliare.
At the close of trading, Oranjesion Private Equity Capital, registered in Shireroth but doing business as a financial services firm as well as a brokerage house in Constancia, was the proud owner of and additional 89,997,000 shares of Atacama Corporation, for which it had paid 451,324,955 Constancian Staters, fees included (9,026,499 Natopos).
With this recent purchase, this means that the Shirerithian firm now owns nearly 19% of the listed firm. Atacama Corporation is also a brokerage house in the CCEX, and did a bit of business transacting in its own shares as well.
Imperial Senator Viljo Kaljurand, long-time Chief Executive of Atacama Corporation and former Minister for Reconstruction and Infrastructure, expressed surprise at the sudden development, saying, "I am glad to see that investors have finally seen the inherent value of the corporation. Atacama Corporation will go from strength to strength."