Welcome seasoned investors, come in out of that cold!

Well, back, burnt to a crisp and suffering frostbite; It's a cruel world out there and the finance bears have sharp claws!

Here is a little snippet of the roller-coaster ride that has kept me from my favourite things (like SL and Virtual Investment Services)

The US house of representatives have approved a $700B bail out for the finance and banking industry. Nationalisation of Investment Banks (the remaining ones that haven't gone belly up yet!) Shares collapsed again last week. This appeared to be due to an investor panic regarding the freezing up of money and credit markets. The ride continues...

Here in Oz, things have been just as rough:

Sydney: Government moves to guarantee bank borrowing and inject capital into banks, along with US moves to buy bad debt should help unfreeze money markets and enable shares to move higher. The AUD$ has seen a slide of over 30% in the last 3 weeks (which is great for our existing USD$ investments, but not new ones!) Currently sitting (and it will change in 3 seconds...) around the 0.69US cent mark...Retracting interest rates and falling commodity prices mean there is more downward pressures in store for our local sovereign.

So, apologies now for the lack of posting, but I am sure there are some forgiving souls out there..

Back to the performing markets;

WSELIVE has been a smash hit so far since it's revamp and the prices of all listed companies have recovered substantially from their pre-close lows.

Big news this week was the unfortunate (and sudden) delisting of MH Motors (CAR), who announced they will be moving to a "less high standard" (sic) exchange. (ISE)

Trading on CAR has been a little over-zealous to say the least with prices maxing out around the $W24 mark on very reasonable volumes! That's a little crazy when you start looking at the PE ratios, but let's not go in to that now.

Seinkiewicz Investment Management (SIM) also made the move to a smaller exchange and I must say I was among those sad to see them go.

Other companies riding the boom cycle right now are (ALC), (AMI), (RDX), (FKH) and (FVS)

• (ALC) announced 3 new sims and has seen a steady rise in price, hovering around $W5.50 mark and trading steadily.
  
• (AMI) has stepped up and Adonis Action has been flaunting the word out there, seeing tops of $W2.00 and averaging around the $W1.20 mark in the past few days. With monthly reports showing modest figures and no dividend payment since the reopen, the bubble obviously isn't as tight as some others.
  
• (RDX) Solid business model right from the start, suffered from day-trader rout during most of last year and is only now seeing reasonable pricing averaging over $W2.00 for the past 2 weeks and tops of $W3 (even one massive day of $W10!!) not uncommon.
  
• (FKH) Low market cap and very few shares, proving the model of scarcity as trading in this company has hit highs of $W150 on a list price of only $W10. Not bad, (huh hmm...google..huh hmm...kidding)
  
• (FVS) There were always skeptics of the dreaded SL "Fund" companies, but Mart Lupino has showed the staying power and the earnings aren't too shody in this emerging market. The decision to delay the dividend wasn't met with the usual panic and the shares are sitting quite comfortably around the $90-$100 WIC mark.
  

The WSE fund began trading again also last week, which is a welcome return. As the market stabilizes, we should soon see the return of the World Traders Fund to the floor as well.

Finally, news just in, check out the Applications section under the new offers tab and you will see the latest addition appears to be a RL company that is wishing to list on WSE. I do believe this is the first of it's kind to this market and I must admit I am extremely excited..off to do some research...

We will be making a more concerted effort to provide market analysis over the coming weeks, with a commitment coming from me to get Splinkrot Writer and VerySmart Sella back on board for a minimum of a weekly round-up in the short term.

Over to the Metaverse Investment Fund now; and major developments in the past 2 weeks have solidified current positions into the GREEN with commissions payable for applications and redemptions from the fund reducing from 3.5% to 1%! Good news for both existing and newcomers to the fund. 499 investors now feeding the $L6.5M fund with almost $L600k in dividends in just over 8 months in existence.
(Boy, do I wish I could convince my Risk and Compliance dept. to cast their eyes over this!)

Our plans to bring our products to market are still in the works and the final stages of the initial seeding are under way. Stay tuned.

Glad to be back.
Yours sincerely,
Logansan Oh
- CEO, Chairman.