World Stock Exchange News
WSE Restructure
Date: March 19, 2007Dear members,
Since the successful merger between the Metaverse Stock Exchange and the World Stock Exchange the WSE was owned 50% by Hope Capital Ltd and 50% by Second Life Solutions.
During the past 15 days the WSE has been experiencing huge growth with over 900 members & 30 companies. We have released 70% of the website functionality and plan on releasing the final 30% within 14 days. This includes more information on companies and other great features such as the shareholder voting system. Trading volume has also exceeded L$70,000,000 since the 5th of March 2007.
At 2am on the 18th of March 2007 SL time, Hope Capital Ltd acquired a 100% controlling interest in the World Stock Exchange from Second Life Solutions for 12500000 shares in Hope Capital Ltd.
The value of Hope Capital doesn't change as the World Stock Exchange is now 100% owned by Hope Capital Ltd.
Second Life Solutions has agreed to sell their share of the World Stock Exchange to Hope Capital Ltd in return for shares in Hope Capital Ltd. Second Life Solutions owner Shaun Altman to resigned as Cheif Technology Officer and Non-Executive Director of the World Stock Exchange to focus his time and resources on his company and its operations.
Any further work by Shaun Altman will be on a contractual basis. LukeConnell Vandeverre and his team will now be responsible for the management and operations of the World Stock Exchange.
We look forward to releasing all the new website features within 14 days and we are very excited about the continued growth of both Second Life and the World Stock Exchange.
Kind Regards,
LukeConnell Vandeverre
Chairman and CEO
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