World Stock Exchange News
WSE & HC move to Silicon Island
Date: June 06, 2007My fellow traders,
Due to an overwhelming demand for IPO's, assistance, support and business proposals the WSE and Hope Capital have been unable to respond in a timely fashion to many of these requests. As a result Hope Capital Ltd has hired Julio Koltai a full time employee and Chief Operating Officer of Hope Capital Ltd and the WSE to assist in the daily operations and management. We have also hired 1 Executive Assistant, Chicky Beebe and 3 WSE consultants that include Alex1 Richardson, Tavi Tuck formerly co-owner of Brautigan & Tuck Holdings and Adonis Action current owner of Action Mortgage & Investment (AMI).
The World Stock Exchange and Hope Capital have moved to Silicon Island as the time has come for us to begin implementing many key segments of our strategic plan. Hope Capital has also started organising an independent sim that will provide a permanent home to Hope Capital and its related projects such as OurBank Ltd, World Park, the Hope Capital Tower and many other unique projects aimed continually creating the very best user experience within the Second Life user environment.
To visit the new location please copy and paste this url into your browser or use the classified ads in Second Life.
http://slurl.com/secondlife/Silicon%20City/197/66/29
Silicon Island is owned and operated by the V3 Group, a full service developer catering to corporate clients on the key elements of the virtual world in Second Life - Consulting, Sim Design & Development, Events. Our growing team is dedicated to creating a fully immersive virtual reality environment driven by your branding needs and functional requirements. Clients include Cattle Puppy Productions, Picture Production Co, SAP, Steelcase Store and one of the worlds leading global IT firms Sun Microsystems.
Silicon Island & Silicon City has grown to become a popular commercial environment for many professional individuals, groups, and RL & SL companies. Based on the Silicon Valley model these islands gain their strength though having a vast network of commerical residents nearby. Each company has the opportunity to advertise, collaborate, and to employ high quality teams according to project requirements.
Silicon Island residents include:
Known.com.au, RedMonk, Reallusion, SLCN.tv, SAP, Hellerman Baretz Communications, Meme Science, Oztron, Polk Economic Development Agency, Pacific West Communications, Sean F. Kane - Attorney, Internet Litigators, V3 Group, Steelcase, Rezzible, YellowPark, Merak Ur Productions, Adelaide Designs, Rival Industries, SL Work Exchange, Metanet Consulting, Pixeltrix, Holodeck Team, Metaversed.com, Runcall Business Solutions, Cold Fusion Intertainment.
The WSE Beta Platform was launched on the 5th of March 2007 in order to test drive the virtual economy, analyse resident and market behaviour such as trading patterns, market sentiment, communication methods and interactions between avatars in response to the general market conditions, pressures and scenarios while also providing a strategic advantage that would allow us to firmly establish the World Stock Exchange brand.
The World Stock Exchange is a fictional securities exchange using a fictional currency in order to allow virtual businesses based in Second Life with an opportunity to access virtual finance in order to provide capital to start-ups and existing businesses who wish to expand.
The World Stock Exchange and the virtual economy in Second Life have continually exceeded all our expectations and as a result we are ready to proceed to the next phase of our strategic plan that will involve many changes including the release of the entire WSE Trading Platform. This platform has been in continuous development ever from the very day the Beta version was released in March '07.
The World Stock Exchange is by far the most stable, secure and reliable virtual market in the world with over 3600 trading accounts, large cash deposits and a strong growth rate of over 20% per week.
The WSE is focused on providing our traders with choice and as a result we will approve IPO applications that pass the WSE Listing Rules. It is at this point that the market (you) have an opportunity to do your research on each IPO using our Research section, Notecards or Reports from third party independent analysts.
Analysts give their opinion based on their own research and it is important to get as many opinions as possible before investing in virtual security (shares).
We strongly recommend a diversified portfolio to minimise your exposure to any potential loss. More information regarding this can be found at www.wselive.com/education
The WSE has halted trading of a small number of listed companies, some with completed or pending investigations which represents an average of between 8-13% of all companies listed. This however is in-line with expectations in a relaxed regulatory environment.
While the WSE has specific requirements in place along with the monthly review to minimise fraudulent activity. However investors assume 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.
The WSE could make promises of increased regulation through auditing avatar accounts or demanding spreadsheets from listed companies however it is a breach of the Linden Lab terms of service for anyone to hand out share their username and password to anyone. It is also far to early to expect auditing of business transactions using a spreadsheet as these too can be false or tampered with.
We would like to remind all traders that this is a fictional market and to therefore not try and make it a real market with real regulations as they are both very different environments. High risk in emerging markets that contain lots of volatility usually comes with high rewards however if you are wanting to make real life, low risk investments to profit from real currency then we recommend you contact your nearest real life investment specialists such as ABN AMRO or its related companies. ABN AMRO have an Island in Second Life.
Any exchange claiming to provide safer investments or auditing services are most cases simply creating a smoke screen to attract investment into their small exchanges with little to no customers.
We all love Second Life and in order to encourage growth in the virtual economy, we need to provide the majority of internet users who don't have Second Life with the ability to invest in its future along with being able to trade on the WSE without the need for the Second Life software.
This new feature will not only allow the majority of internet users to trade on the WSE without the need for Second Life software, but it will also provide all of us with another avenue to trade without being limited by the number of lindens we can buy.
The World Internet Currency (WIC) will be integrated into the WSE Trading Platform and will offer more flexibility and freedom to all traders. Using the WIC allows you to use the WSE without limits on the amount of currency you can purchase along with lower fees than existing virtual currencies.
The World Internet Currency will act as one fictional currency in both the real and virtual worlds.
The WIC will is a key part of our overall strategic plan and in anticipation to the integration of the WIC and WSE we have approved many IPO's that pass the WSE Listing Rules, Terms of Service and Constitution.
The increased number of IPO's has minimal impact on the overall market and almost no impact on the ability for a solid business with a detailed prospectus and reasonable marketing to raise the capital they require by successfully filling their IPO and being what is called fully subscribed.
Creating an account to use the WIC is free and their is no obligation to use the service as it only provides you with an additional avenue to sell and buy shares on the WSE along with many other third party merchant services being developed for use with the WIC.
We will provide more details on how the WIC will be integrated with the WSE over the coming weeks and there is no doubt that this service will provide all traders with more flexibility and freedom by removing the dependence on one virtual currency.
You can create your free account in anticipation of some major Merchants coming online soon by visiting www.wicexchange.com
The WIC is not related to Hope Capital Ltd in Second Life.
IMPORTANT INFORMATION REGARDING WSE
It has been brought to our attention by many CEO's with IPO's or current listings on the WSE that the CEO, Investor Allen of a start-up exchange commonly referred to as AVIX has been directly approaching them our clients and business associates with lies and false allegations about the WSE as a scare tactic followed by making many empty promises in order to try and take business away from the WSE.
We have sufficient evidence that this start-up exchange has also been soliciting business and spamming WSE customers in WSE buildings and by going through the WSE Group approaching people directly through a spammed group invitation, friend add or an unexpected teleport inviation.
These business practices are considered extremely unethical and unprofessional by the WSE and we strongly recommend that traders avoid dealing with a business that carries out or endorses such actions.
Anshe Chung is major shareholder of Hope Capital Ltd and of many companies listed on the WSE. Anshe has launched her own exchange with a focus on listing her own companies called Dreamland Stock Exchange. Most companies will still be listed on the WSE. We expect the DSE to be an ethical exchange that holds strong virtues. This is the only exchange that will have a close alliance to the WSE.
We thank you all for your support and look forward to the future growth and prosperity that is to come into 2008.
Kind Regards,
LukeConnell Vandeverre,
Chairman & CEO
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