The E-Sylum:  Volume 10, Number 2, January 14, 2007, Article 19

AFINSA: ESCALA GROUP'S MAJORITY STOCKHOLDER

In a short item last week I wrote: "Escala has been in the news
following the financial implosion of its unit in Spain."  I haven't
tried keeping up with who-owns-who in the complicated international
collectibles conglomerate that includes Teletrade, Bowers and Merena
Auctions, and Spectrum Numismatics here in the U.S., but I'm told
that the rain in Spain fell mainly on Escala's majority stock holder
(Afinsa), not the Escala Group itself.  However, on January 8 Escala
announced that it received notification that NASDAQ "has determined
to delist the Company's common stock from the NASDAQ Global Select
Market, effective at the open of business on January 10, 2007."

  Wayne Homren, Editor

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