State-controlled YPF wants to keep its ADS listed in the New York exchange
Argentine state-controlled energy company YPF said it risks having its American Depositary Shares (ADS) de-listed by the New York Stock Exchange since it is not complying with all regulatory requirements.
The company stopped complying after the government took administrative control of YPF in mid-April. The president promulgated a law in early May to expropriate a controlling stake in YPF, which was owned by Spain's Repsol.
YPF ADS price sank more than 6% after the news was reported, compared with 2% decline beforehand.
In a filing to the US Securities and Exchange Commission, YPF said it stopped complying with the audit committee requirements as of April 16.
“If we fail to cure this deficiency, NYSE rules provide that the NYSE may initiate suspension and delisting procedures with respect to our securities,” the filing said.
“If our ADS are de-listed from the NYSE, there may be a limited market for our ADS; trading in our ADS may become more difficult and the price of our ADS could decrease even further,” the company said.
”In addition ... our ability to raise additional capital would likely be impaired”.
However a spokesperson said that there is no interest from YPF in stopping trading in the New York Stock Exchange and there is no risk of de-listing.
“Next June 4 the shareholders assembly will formally name the new directors of YPF and then they will decide the naming of the new Audit Committee” according to an official release.
Meanwhile President Cristina Fernández extended for another 30 days the government’s intervention on recently partially nationalized oil company YPF. The decree 732/2012 was published Wednesday on the nation’s Official Gazette.
Planning Minister Julio de Vido and Deputy Economy Minister Axel Kicillof are to remain as trustees of the oil company. According to the text, the extension is due to the “magnitude and complexity of tasks lying ahead”.
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You are clearly NO historian!
What an absolute chocolate starfish!
And post 5 wasn't nice Tobias.
As for the subject in hand, its rather obvious the AD-Shares are going to be de-listed given the history USA has with Argentina not paying its debts and the fact the Argentine government is incapable of following rules/laws, which will obviously dilute the value of YPF.
Nights are getting colder Argies. Brrrrrrr.
Now i admit am White but i know a lot of black people and they are no different to any white person i know and i treat them all with the same amount of respect and i do not differentiate or descrimnate against anyone based on their colour as regardless or colour or sex all men and women are equal (well except in intelligence when it comes to certain argentinians though thank god we have some intelligent ones like the 2 3rds that did not vote).
Now Tobias or truth_telling_troll. Would you like me to ask the editor of mercopress for your ip address so then i can issue legal documents to your ISP to get your name and address in which to issue a court summons on as a result of your libellous statement?
No didn't think so, so instead i'll just ask the editor to remove it.
End of the day he/she could have made their point without the need to include “Teaboy is against” part of their statement. As to the untrained mind that does not read between the lines it is wrongfully implying that i am against black/coloured people being free and against women having rights and etc, therefore implying i am racist and sexist, and so on, when i am none of those things.
Thanks for the support elaine, much appreciated.
You have a problem here though.
ALL the Brits KNOW you are not these things, but a reasonable man.
No sense getting worked up over an Argie idiot to the point where your health and / or self-esteem is questioned in your own mind.
These people will NEVER admit they are wrong. Hope this helps. :o)
None of you ever denounce that right? Tells us everything about the honorability scale towards argentines you call dishonorable.
My example about Teaboy was not specific about HIM. He just happened to be the poster. I was just using him as an example.
The main point was is that I know realize why Europe has such a horrible history. They use the “rules” as a cover to justify not fighting for what is right or just (since most social progress was made in the Americas and then Europe caught on, from slavery ending, to the small person gaining farmland, to women's vote, to gay rights today).
There is nothing wrong with your impassioned posts but there is a line it is probably best not to cross when directing comments at other posters. Other posters here do it and I slide over their subsquent posts as irrelevent. You make some good points at times. Just sayin'.
Not everyone? So that is the standard now? Not “everyone”?
So just “most”?
I used an example that could have used a better redaction (a rarity in my case since I never complain about not being able to edit, I proofread my posts), and all of you go in berzerk mode.
Yet you all are QUITE OK with the indiscriminate derision and vituperation of argentines based on nationality. I face it on an hourly basis and have never seen ONE of you stand up against it.
Yes, I'm “claiming” victimhood now... So you are saying I'm a liar since a claim is not a fact by default. Fine, I'm a liar. Since you have no credibility with me, I'll move on.
I'm sorry, but that's why I don't respect many of you. Duplicity in how people handle the same exact situation for two different groups is something I really take a dim view on.
All that said, it is not a big issue. I don't take this place that seriously, I do like to put people in their place though when they are just spouting BS.
I though the UK was the first county to actively intercept / prosecute slaving ships.
Anyway tobias, as SAmericans, we are the ones descended from the Spaniards who worked slaves (natives and African) to death on their estates.
On behalf of tobias and myself, I apologise for any offence caused.
As for you saying your comments where not directed at me, well considering you specidfically stated “TEABOY IS AGAINST BLAH BLAH BLAH”. Then i find your excuse very hard to believe, and more likely to be damage limitation excercise. After all regardless as to whos post you were responding to, there was actually no need to refer to any poster as being this, that or the other. Simply pointing out what you stated i was against without mentioning names or referencing another poster would have got your message across just the same.
Now i admit i call some argentine posters idiots, fools, pathetic, childish but only when it is obvious to others that they are and when it is clear due. I do not ever recall seeing any islanders or non argentine post (at least not from the British side) call you baby killer any of the majority of the names you stated you get called. In fact, it is usually the argentine poster here calling us baby killers or our troops baby killers and some of the other names you stated you get called. And i agree that kind of sick name calling or insults is not needed regardless of whether your argentine or british.
The reason most poster do not reponse to other posters making such accusations or name calling is largely due to the poster it being aimed at not responding to them, or the fact that their protests largely land on deaf ears. In this case i stood up for myself and answered back and others are simply being supportive towards me, some out of sympathy or concern, others maybe because i raised my voice and struck back at your libellous accusation.
If you truely did not mean it then you would have apologies before now, when you first realised it had a different effect to what you had actually intended, the fact you have not apologised, shows that you clearly did mean what you said or that you to arrogant to to actually turn round and say sorry. As for slavery being banned, 1807 by britain
I have been under a lot of pressure with all my studies and I lost it a bit.
I lost sight of the good spirit of debate and fell victim to my own intransigence.
@27 Yes I am TTT. I thought everyone knew that.
Good luck with the studies.
I think she looks pretty tired. (:-
British_Kirchnerist when starts WW4 you will be against the wall. Just becasue you love CFK is not enough. You are a British traitor and we will not want you either.
Imperialist loser hahahahahaha
Tired women are pretty by default...............
They don't talk so much ;-)
@21 Poor child. Defensive self-justification. Just as an example, slavery still existed in the Americas in 1861 and thereafter. The slave trade was abolished in the British Empire in 1807. And while we're at it, “gays” is just PC for “queer”. And that is what they are. Unnatural. If you disagree, name one other species on the planet that engages in same-sex sexual relations.
@30 She could be improved. A hole between her eyes would help!
It is obvious I'm such a threat due to my level of knowledge, education, and just innate intelligence, that many feel threatened to the point of creating clone accounts pretending to be me. LOL
My last response was 23. I was out the entire rest of the day.
How very sad and ironic, the only time anyone has shown you “respect” and wished you well and it wasn’t even you :(
Keep taking the Chlorpromazine.
Too much brainpower, and books. No match so this is all you have left, resorting to deception, dissembling, and subterfuge not on me or the argies, but on those on your own side! :-o
Plan then expropriate,
not expropriate and then plan.
30 days have september, april, may and november.
One has gone, one has nearly gone. So which one are we talking about, november! by any chance?
P.s. my advice would be for you to drop your alter ego TTT as your post under tobias are much more intelligent whilst TTT post come across as more... well less intelligent. Though that just an opinion.
It was a good experience for a number of reasons. But I did come to the conclusion that the problem with Argentina is that it's filled with Argentinians. The adjectives I'd use to describe them after a good chunk of time there are....
Immature, Selfish, Dishonest, Unfriendly, Close-minded, and Arrogant.
They are constitutionally incapable of being honest, even with themselves. It's like a kind of genetic flaw or something.
And they break promises WHILE they are making them.
“See you on Tuesday.” = They won't show up at all and next time you see them they will have stupid, BS excuse they not even they believe.
They are not even big enough to know how small they are - and, so, of course, they think they are big.
Their psychotic arrogance knows no limits.
Personally, I think it has a lot to do with the fact that this is a matriarchal culture.
I don't know of one matriarchy in the world that is a success and no! that does not make me someone who hates women, on the contrary. You only need to hear women talk about women to know that.
The mother here doesn't love, she dominates and controls. Period.
She has no respect, no boundaries, no humility, and, above all, no conscience.
That's how each and every person here is socialized with those anti-values.
That being said, is it any surprise the country is the way it is?
What we need to do is eliminate Political Correctness so that some rugged criticism can return and the world is no longer held hostage by punks, screwballs and other sub-adults like the kind you find in Argentina and not just Argentina.
What does all of this have to do with YPF?
The day I met the Director of YPF he said to me in perfect English....
“Why are you here in Argentina?”
To which I replied (trying to be polite) “Why not?”
His answer, “Because we're Argentinians! We destroy things.”
I said, ”Well, you seem to be doing ok here (YPF).“
”Oh, we'll destroy this too.”
#34 “name one other species on the planet that engages in same-sex sexual relations”
Almost all of them, actually. Which is why in less enlightened times it was called beastly
#40 Do you mean Gallucio? Thats a big libel you know
Interesting that that was your first reaction.
Not that what was said was devastatingly spot on.
But as far as being a big libel there are two parts to YPF - Upstream and Downstream.
Downstream alone has at least four plants in Argentina each one with a number of different Directors.
Director of Production, Maintenance and Engineering, etc.
I think the number is over 200.
So, relax.
No one was found out.
And, more to the point, the truth still stands.
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