I spoke too soon today (that will show me for not hitting the floor in-world first!) as I just missed the late breaking news from the WSE.
It seems the final upgrades to WSE 4.0 are to take place now (a little earlier than first expected) and there has been a market-wide halt while the upgrades are completed.
Casper Trebuchet (Lemur House of derivatives - LEM, LFB, LWI and LHH) was the first cab off the rank to explain to investors what this meant from a company stand point. It's speculation at this point to say that the trade halt will last the entire 30 days (though in the post from WSE, it states 45!), as this will definitely hurt a few companies...
We will endeavor to contact a representative of the WSE for further comments and get back to you as soon as we hear further. (...and I already paid verysmart)
Sincerely,
Logansan Oh
- CEO, Chairman
** EDIT **
After spending some time last night and this morning (AEST) speaking with investors, CEO's and LukeConnell Vandeverre, it seems evident that the announcement was not previously known by the market. Obviously, recent announcements and even dating back to the original WSE 4.0 changes, have stated that something "big" was coming.
Could this be the promotion to the 'greater' internet that has been mentioned on many occasions? Will we see the mass influx of investors that us first-movers have been waiting for?
It does seem the 30-45 day is a contingency for development work and bug fixing (having experience in Software Testing myself, this may even be optimistic!) Luke has stated a best-case-scenario of a week. Fingers crossed!!
Friday, January 4, 2008
** NEWS FLASH ** - WSE Halted for upgrade. (EDIT)
Posted by Logansan Oh at 1:55 AM
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1 comments:
Having seen the previous upgrades, I have a feeling this will take longer than a week and probably have a few "false starts" when it does resume. I just hope 4.0 is all it's cracked up to be, as WSE seems to be losing more market share than it's willing to admit.
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