They have setup a protocol to 'import' an asset if had previously been listed at GLBSE.
Now that it seems Nefario is sending out the asset info list in a regular format, it might be practical.
https://bitcointalksearch.org/topic/m.1350580
I wont see my shares at this exchange. The owner has 19 posts now and i see no point to trust that exchange. There was another exchange before glbse.com that was in fact a scam. Mybitcointrade.com. Only created to scam. So as long as the owner isnt someone who can be trusted and the protection against the risks glbse offered at the end are better i dont want to have my shares in this exchange. But i think i have enough shares to use "direct" shares now. So i would ask friedcat to handle my shares that way instead.
If friedcat would have an exchange it would be another thing. But this new one looks too suspicious to me.
Don't be confused by the owner account having only 19 posts - that's just an account created for posting in respect of btc.co. Guess he didn't make that plain anywhere.
The manager/developer is burnside who runs LTC-GLOBAL exchange - which you likely wouldn't be aware of as it's for Litecoin so in the Alt currencies section.
https://bitcointalksearch.org/topic/ltc-global-the-litecoin-global-virtual-stock-exchange-public-beta-101694
He also runs a mining bond and a mining pool.
The new exchange runs the same code that was used on LTC-GLOBAL. If you look at the thread above you'll be able to see quite clearly that he's a heck of a lot better than nefario ever was at responding to users, updating the site etc. And the site's nothing like the slow, clunky thing that was GLBSE. Some of the shares giving ownership of btc.co are traded on LTC-GLOBAL - they're now proxy shares into the Bermuda-registered company owning the site.
I'm also an asset-owner on LTC-GLOBAL (a tiny LTC-denominated fundm and shortly a fixed-rate bond). My fund holds a few ASIC-MINER shares - hence my interest in this thread.