“Under the ‘Great Socialist Republic’ of Qaddafi’s regime, shares were routinely provided to the people.  By management’s estimate, approximately 260,000 Libyan citizens own shares but are not yet authorized to sell them.  Under the current government, this will change beginning in August 2014.  If this holds true, expect to see a significant drop in prices across the LSM as the ‘main street’ Libyan sells his shares en masse for a quick payday.  Most people here don’t place much value in stocks; it is likely that many do not even understand what a stock is.  Forty-two years of socialism cannot be undone overnight.”

http://www.pathfinder.vc/2013/04/04/a-visit-to-the-libyan-stock-exchange/

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