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SAM509 USAF C-32A departing Savannah, GA-Hilton Head Int'l Airport after a ground stop
99-6143 USAFSOC C-32B ne from Eglin AFB
GTMO845 US Navy Beech Huron departing Ft. Lauderdale after a ground stop se
Silicon Valley Stock Exchange Debuts in Search For IPO
The Long-Term Stock Exchange started trading not with a bell, but a video-conference. Founder and Chief Executive Officer Eric Ries hosted the company’s 39 employees and their families Wednesday as they debuted the stock-trading venue that started as a two-page passage in his 2011 book on entrepreneurship, “The Lean Startup.” After months of delays caused by the pandemic, major U.S. stocks began changing hands on the platform. The debut kicks off the company’s effort to enter the corporate-listings business, where the New York Stock Exchange and Nasdaq Inc. have a stronghold. Another challenger, IEX Group Inc., tried and failed to break through. “This project has taken every bit of skill and knowledge that I have accumulated over the course of my entire life – every last trick and tip, every principle,” Ries said in an interview before the launch. “We would be dead multiple times over if not for the lessons I’ve learned the hard way.”
The launch wasn’t entirely smooth. About 125,000 shares had traded as of 11:46 a.m. New York time, according to LTSE spokesman Steve Goldstein. However, a small group of clients had order delays when the venue went live because of excessive messaging, he said. LTSE put those clients on hold to investigate the issue, which didn’t affect the bulk of other clients, and resolved the problem in about an hour. The exchange has raised about $90 million, with backing from venture capital firms including Founders Fund, Collaborative Fund and Andreessen Horowitz. The San Francisco-based company said it aims to clinch initial public offerings from companies that are committed to environmental, social and governance principles. That may be a challenge in the coming months, or years, given uncertainty over the economic outlook.
“We put long-term right in the name of the company, so we’re in no rush,” Ries said. “If the IPO window, as they call it, slams shut and companies can’t go public for a while, that’s OK. We’ll be ready for them.” While it’s connected to the national market system for stocks, Ries said the company isn’t chasing increased activity as a way to make money. Instead, he’s pitching issuers on a venue that places emphasis on their fundamental value to the economy rather than how often their shares change hands.
https://www.bloomberg.com/news/articles/2020-09-09/long-term-stock-exchange-debuts-as-it-searches-for-first-listing
PAT177 US Army C-560 departed Opa-locka Executive Airport after a ground stop-origin of Dobbins ARB, GA and out front of GTMO845
AE68BD (usually a MAGMA flight) departed Homestead ARB, FL sw