Wednesday, March 5, 2008

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)

2 comments:

Anonymous said...

Hello,

i NOT see the move from PFW to VSTEX as a bad or strange choice.
As a PFW shareholder i really welcome it;)
PFW was only dumped at WSE by some people not liked the CEO it seemed.
Better than a WSE delisting and a unlimted firework set for the major shareholders.
OK Volume is low but it´s the most trustable stock exchange in SL (well programmed and prof. runned also..)
I can withdraw my funds ANYTIME in L$ (and the dividends,too..)and no fear a junk bonds conversation.

As a HOT shareholder i welcome the move to slcapex also.
I can trade my stock again in L$ and get dividends, nice.


I really welcome if CAR , DDE, SKY, LEM also move to other exchanges.
Worser than NOW it can not be, no time to waste.

I was buying 45k@2.00 of CAR shares to get a nice weekly dividend of rouhly 4400L$
And what i have now? A 4 months closed stock exchange and CAR-CEO sitting on 1 million L$ that could paid out as dividends and WSE Live Videos from Luke explaining what SL and Linden Dollar is..

PFFTTTTT enough Luke!!

Sorry for sluppy english, german native;)

Anonymous said...

Luke is smiling and wearing a WSE-Tie in the Video while sitting on Millions of L$ investors money some months.It`s a shame.
NOW i know he wants to make a hope capital museum.
Because WSE is history in SL!!!