World Stock Exchange News
WSE Monthly Review
Date: April 05, 2007World Stock Exchange - Monthly Review
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Period Ending: 1st April 2007
Since the WSE is clearly going to be the financial hub of Second Life it is extremely important that we ensure it will remain strong and continue to grow as the stock market has a significant impact on the economy as is the case in real life.
Every 30 days the World Stock Exchange will review all companies currently holding an IPO or trading on the Official List. The review aims to ensure that companies are adhering to the WSE Listing Rules, Constitution and Terms of Service.
The WSE may place a Trading Halt on the shares of any company that is not adhering to the the WSE requirements pending further investigation into the operations of that company.
MARKET OVERVIEW
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During the past 20 days the WSE has been experiencing huge growth. The WSE is now 100% owned by Hope Capital (HCL). Trading volume has also exceeded L$70,000,000 since the 5th of March 2007. The WSE's performance has been strong and has so far seen 30 IPO's fully subscribed with all shares sold to investors. The capital raised is being used by those companies to achieve the objectives laid out in their prospectus while also creating jobs and generating increased economic activity in Second Life.
Members: 1657
Pending IPO Applications: 50
Current IPO's: 15
Trading Companies: 30
Current Net Deposits: L$6,512,902.15
Total Share Traded: 81,610,493
Total Volume: L$129,205,438.54
*All figures based on the past 30 days.
REVIEW OVERVIEW
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In conducting this review the WSE has reviewed many aspects of all companies listed on the WSE covering their prospectus, announcements, financial reports, owner profiles, picks, classifieds, shareholder allegations and complaints.
In some small areas where there was a lack of information the WSE requested that owners update their prospectus or company directors list.
The World Stock Exchange is not a real life securities exchange and provides residents with the ability to buy shares in second life based businesses according to the WSE Listing Rules, Constitution and Terms of Service.
The WSE has halted trading of 4 companies pending a full investigation which represents 13% of all companies listed. This however is in-line with expectations for the first month of operation during a relaxed regulatory environment and overall the WSE has had a very successful first 30 days of trading.
While the WSE has specific requirements in place along with the monthly review to minimise fraudulent activity however the investor assumes all risk and it is their responsibility to ensure that they research any company and ask the CEO questions if needed before making any decisions. It is important that investors have a diversified investment portfolio when investing in Second Life based companies. By owning shares in multiple companies investors are still able to achieve capital growth and receive dividends while also protecting themselves (exposure) from any 1 company that could be shut down for fraud or due to losing all their money from not generating profit (in real life Bankrupt).
The World Stock Exchange has been operating for 30 days and most companies listed on the exchanged with the intention to raise capital for further expansion and investment. Companies on the WSE are not expected to have any dividend announcements during their first 30 days after completing their IPO as this would take valuable capital from their business that needs to be reinvested into helping their business grow and to acheive their objectives. It is reasonable to expect that most companies in Second Life should be able to pay their first dividend within the first 90 days of listing on the WSE.
REVIEW - PASSED
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CODE | COMPANY | MANAGING DIRECTOR
AMS A.M. Sports Bets Andreas Frankfurter
AMI Action Mortgage & Investment Adonis Action
AMD Albany Mall Development Mike Anderson
ALC Atlantis Land Corporation Hannibal Kennedy
ALL Alluris Estates Ox64 Sachs
BMC Blumont Capital Axe Gretzky
BOB Bob Perrys Store Bob Perry
BNT Brautigan & Tuck Holdings Intlibber Brautigan
BPA Builders Paradise Erik Goff
DDE Delicious Demar Enterprises Delicious Demar
FED Ford Edelman Designs Ford Edelman
GAL Games Ltd Don Montale
GCS Ginko Currency Services Nicholas Portocarrero
GIF Ginko Investment Fund Nicholas Portocarrero
GBU Greyhound Builders Maurice Rodgers
KCG Kavai Conglomerate Group Kavai Onizuka (formerly TFI)
LLL L&L Rentals and Sales Lindsay Druart
LOT Lotto Networks Unlimited Ootje Timtam
MDC Midas Developement Company Midas Commons
MFM Midas Fund Management Midas Commons (formerly EFM)
MMT Midas Motor Track Tournaments Midas Commons
MPR Montana's Poker Room Montana Ryder
MTB MindTheBox Axle Castro
PGI Padgett Gadgets Tristan Padgett
PPL PeoplePool Erik Goff
RDX Redux Technologies Redux Dengaku
SGC Silvano Gaming Corporation Silvano Ziskey
SSP Second Street Partners Gianetta Rosca
THI Tao Heavy Industries Chao Mu
TLS True 2 Life Studios Aaleigh Cullen
XDT XD Trading Stove Lu
YEP Yellow Paperclip Yellow Paperclip
UNDER INVESTIGATION
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(Investigations and Trading Halts are a result of a WSE audit or one or more allegations have been made to the WSE regarding these companies which the WSE deems serious and credible.)
(Possible Fraud means that there are signs of fraudulent activity and an investigation is under way)
Once a full investigation is completed the WSE will fully remove any company from the market that committed had a serious breach of the WSE Listing Rules, Constitution and Terms of Service. Shareholders will no longer own shares in the company that has been removed. The WSE takes no responsibility for the risks taken by shareholders as laid out in the WSE Terms of Service.
CODE | COMPANY | MANAGING DIRECTOR
WED Vixen Designs Vixen Gyoza (possible fraud)
PCL PC Labs Justin Vestel (possible fraud)
TSF The Success Fund Sal Ackland (possible fraud)
SEX Some Pau Escorts Some Pau (disclosure required)
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