Pain and suffering..

I can't take it anymore!

No, it isn't that bad; Delicious Demar Enterprises has been delisted.
Talk about your Bear Sterns!

There are many questions raised that are being crunched over but I will pose one myself;
How many securities does it take to call yourself an exchange?
- Look at the others!

WSE will be back, we all know that (just feeling a little tight round the nether regions on account of the sky falling in lately, but this will pass) Who will join them?

Logansan Oh

Hawk-eye fails...

I missed this one!

More on this later (I need to chat to a few people!!)

In the meantime, Nobody and the crew over at Y2P are covering this.

Yours,
Logansan Oh
- CEO, Chairman

I have 3 words for you...

Well, number 1 is a picture:

Number 2 is a quote: (highlights in red)

WSE MONTHLY REVIEW BEGINS

Submitted by: World Stock Exchange (WSE)
Date: March 14, 2008
The World Stock Exchange has now started reviewing all virtual companies listed on the WSE to ensure they are adhering to the WSE Listing Rules, Constitution and Terms of Service.

This process is expected to take "5" business days.


and number 3 is: Countdown!!


Woot,
Logansan Oh
- CEO, Chairman

Firms starting to show support

Sarah Nerd Estates and Mainland Holdings (SNE) announced today that she intends to keep the company listed at the WSE.

Staying at WSE
Submitted by: Sarah Nerd Estates and Mainland Holdings (SNE) Date: March 12, 2008I've gotten note card's and messages from a few other exchanges asking me if I'd like to switch, and today I received a note card from a shareholder asking what my plans were. Just so everyone is aware, I plan on staying here at the WSE. I don't fully understand how the new WIC system will work, but I'll figure it out later this month when WSE reopens. I don't feel comfortable moving all of my shareholders. I apologize if this doesn't fit any individual shareholder needs, but I am trying to do what I feel is best everyone as a whole, and at this time I feel it's best to stay here.

Good news there! Let's hope there will be a few more of these positive announcements.

I am starting to tally these, so far Delicious Demar Enterprises (DDE) has expressed her intentions, Lemur Investments (LEM) has made some comments on his blog but at this stage looks to be staying put. ETC, FED, ALC, SIM, ALL, FKH all made announcements of their results as per commitments...the predictions of a mass-exodus are looking a little more thin!

I would love to get together with other CEO's and discuss where their heads are at on this matter.
Please IM me in-world or email me at logansanoh@bigair.com.au or if you want a public discussion, please leave a comment here.

Cheers,
Logansan Oh
- CEO, Chairman

Another one bites the dust

Citing conflicts of interests, Sky Island Estates (SKY) has delisted from the WSE.

Here is the exact wording from Paris Druart:

Submitted by: Sky Island Estate (SKY) Date: March 11, 2008SKY is delisting from the WSE. My reason is simple; Anshe Chung (Third Party) is an investor in our company and in the WSE. She allows avatars to break the forum rules, bashing us on the SLExchange.com. I will not continue to support those that do not support us. I have made a list of all the SKY shareholders. We will either regroup on a different exchange or pay each person for their shares. Because Third Party is not a valid avatar name he/she will not be refunded. Good luck with your SL companies.Take care.Paris

Not directed straight at WSE, so this news might hang around...
If you want to see some of the drama around this one, head on over to SLExchange and check out some of the threads (most get closed by sysops pretty quickly) on Paris and others on 'land-barons' or 'shady estate owners' etc.

I have 2 comments to make on this but please make up your own mind about these things;

1. Third Party is NOT a valid avatar name. Fair play. Nuff said.
2. 'Don't beleive everything you breathe' - Beck. I have seen some of these land-owner/estate-owner bashings and I question those that 'name names'. Who is to stop one estate owner from causing a fuss with their nearest competitor and stealing there renters? Just a thought...

So, the fun continues...but we STILL don't have a market!

Sincerely,
Logansan Oh
- CEO, Chairman

A million things to talk about!

Where do I start? MIF, PFW, SRI, SLW(allet), HOT, WSE Video? Don't think I will have time to put them all down yet but here goes;

Let's start with MIF. I mentioned last week that I had met with Shaun Altman (initially to discuss WSE) and he introduced me to his latest concept for the world of SL Finance - MIF.
MIF (or the Metaverse Investment Fund) spruiks the arbitrage angle and thus far I have yet to uncover the "doors" that it uses to turn a $L profit. But, let's leave that for now and get down to the numbers.
As promised, after my initial investment, a dividend was posted on Friday. Nothing spectacular, but lets look closely:

• Initial investment - share price = $L1.035661 (Tuesday LATE)
• Dividend paid Friday (3 days)
• Total dividend - $L0.006774.

Not bad. Mutliply that out for a yeild curve and if the 3 days is accurate (hopefully I wasn't paid for the whole week, that would be unfair to other investors) that's actually pretty impressive.
The 'share' price increased over the week as well. Currenty (now 9 days later) it is $L1.042437.
I wanted to wait until tomorrow to give it a second week of activity, but instead, I will do some more calculations tomorrow and get a full report then.

So, back to the WSE...Did everyone check out the video post yet? A little amatuer-hourish, but I actually think that works in Luke's favour. It's very; raw.
To be honest, I am still working my way back through some of the parts, so I will make a full run-down in the next couple of days, but basically he re-iterated the items from the in-world announcement. Bottom line; WSE is still closed, your $L balance will be a $WIC balance when they return and a full divorce from SL seems likely.

Parks Fireworks (PFW) has followed the lead from a few others and moved on from the WSE. Follow may not be the best term as the exchange of choice is VSTEX. Strange choice...but seems to have paid off. Last trade was 1100 or so shares @ $L1.98! Last trade on WSE (28.12) was $L0.80.

Mainostaulu Network (MAI) also made the shuffle last month (07/02) this time ANCAPEX was the destination, joining another of the WSE elders - SLRisk (RIS). The move hasn't boaded well for MAI, with LL's announcements on Advertising Land spam hurting the business. The stock is trading way-on-down @ $L0.25.

Spontaneous Rich Investments (SRI) last traded on the 26th December ($L0.21) I received a note that they could be delisting also. More on this after I have spoken to the CEO. (As the market is closed, I don't feel this could be a breach of market knowledge)

Kush Islands (HOT) The news on HOT is it is trading on SLCAPEX and is hovering around the lower end of the WSE price @ $L2.65. Definitely keeping an eye on this one!

So, with all this hip-hopping going on and the branches on the ol' Tree-O-Logansan stretching further and further from the trunk; it might be time for a reassessment of our focus.
S&W (Second Life and World Stock Exchange) may change to V&M (Virtual Worlds and Markets)?! I'll keep you posted ;)

Sincerely (under the pump),
Logansan Oh
- CEO, Chairman (work-aholic)