Maybe it is relatet to the announcement of 7 December 2006:
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The Manager
Australian Stock Exchnage
Company Announcements Office
Exchange Center
Lvl 4, 20 Bridge Street
Sydney NSW 2000
No of pages: 1
Dear Sir
Mandated VEM Aktienbank AG
Orchid Capital is pleased to announce that it has mandated VEM Aktienbank AG, Munich/Germany as Designated Sponsor for XETRA. XETRA is a segment of the German stock exchange.
A Designated Sponsor's task is to provide a tight bid-ask spread in order to enhance the liquidity of a company's share on XETRA. A high percentage of companies listed in Germany have mandated a bank as Designated Sponsor.
VEM Aktienbank AG is a investment bank specialized on securities-related transactions, including small cap IPOs and placements, Desginated Sponsor, Corporate Finance and other services
Yours faithfully
Julian Sandt
Chief Executive Officer
Orchid Capital Limited
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