March 23, 2008 by Nobody Fugazi
Posted in
OK, no one should be surprised that another company was delisted from WSE - this time, though, it seems even the people into bondage somehow got Luke to cut their bonds (maybe it was the pain, I dunno):
DELISTED - BEX
Submitted by:
World Stock Exchange (WSE)
Date: March 23, 2008
Burning Embers BDSM Community (BEX) has been delisted from the World Stock Exchange due to a breach of the WSE Listing Rules and WSE Constitution.
All shares will be converted to the WSE Traders Fund (WTF)
BEX will no longer be displayed on the WSE Website.
Oddly, when looking at the number of companies, I notice that there are still 12 companies listed aside from WSE:
TMA - TroubleMaker Approved
AMI - Action Mortgage & Investment
SIM - Sienkiewicz Investment Management
PPL - PeoplePool
FSL - Fund Second Life
FKH - Flying Kitten Holding
FED - Ford Edelman Designs
SHF - Secure Hedge Fund
FAG - Fashion and Gadgets
ETC - Etopia Island Company
CAR - MH Motors
SNE - Sarah Nerd Estates and Mainland Holdings
Who's next?
Of course, there's a Super Duper Elite CEO meeting this evening.
I'm wounded. I wasn't invited. *sigh*
I bet LukeConnell Vandeverre will talk about everything before dropping the bomb on people - probably chatting about the WSE's Terms of Service which has real lawyers rolling their eyes, and the WSE Constitution that the companies left have somehow managed to escape breaking through sheer serendipity.
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I bet on SHF
I bet the next to go is SHF. Secure Hedge fund? Sounds like an investment vehicle investing in othe stocks, likely also on the WSE. Which means half it's assets are now likely WTFs, since half the companies have been delisted. So, if SHF gets delisted, IT becomes a WTF too, and all the assets it held on WSE go into Luke's coffers. Wheeeee!
I'd guess FSL would be next, but the CEO seems to be sucking up to avoid getting the axe. Which is reasonable I suppose since, as I understand it, most of FSL's holdings are still liquid and not invested yet. If the WSE coms back up, FSL can take it's money and run like hell, and recoup most of it's stockholders. Not that that's going to HAPPEN mind you. Sucking up just means Luke will at you LAST. ;>
The other companies sound like they actually produce products or provide services. If they don't have lindens or stocks IN the WSE, delisting them doesn't do Luke much good, now does it? They'll just hang on to their stockholder lists if they're ethical, and keep chugging away without the WSE.
Dear god am I glad most of my investments were with DDE, and that DD finally pulled out. She seems to be handling things pretty well and as fairly as she can manage. And DDE's profits are based on actually, you know, DOING things (as to stocks that make money by buying OTHER stocks, some of which hopefully produce SOMETHING of value)
My money is on SNE or
My money is on SNE or CAR.
Do we know if there is a decision rule in place that dictates who gets delisted delisted and who gets delisted converted to WTF? Or (don't even know why I'm asking this duh) is it just on the whim of one Luke Connell?
I bet it will be SHF
I bet the next to go is SHF. Secure Hedge fund? Sounds like an investment vehicle investing in othe stocks, likely also on the WSE. Which means half it's assets are now likely WTFs, since half the companies have been delisted. So, if SHF gets delisted, IT becomes a WTF too, and all the assets it held on WSE go into Luke's coffers. Wheeeee!
I'd guess FSL would be next, but the CEO seems to be sucking up to avoid getting the axe. Which is reasonable I suppose since, as I understand it, most of FSL's holdings are still liquid and not invested yet. If the WSE coms back up, FSL can take it's money and run like hell, and recoup most of it's stockholders. Not that that's going to HAPPEN mind you. Sucking up just means Luke will at you LAST. ;>
The other companies sound like they actually produce products or provide services. If they don't have lindens or stocks IN the WSE, delisting them doesn't do Luke much good, now does it? They'll just hang on to their stockholder lists if they're ethical, and keep chugging away without the WSE.
Dear god am I glad most of my investments were with DDE, and that DD finally pulled out. She seems to be handling things pretty well and as fairly as she can manage. And DDE's profits are based on actually, you know, DOING things (as to stocks that make money by buying OTHER stocks, some of which hopefully produce SOMETHING of value)
Good Question
Luke knows the answer. You should ask him.
Second Life Consultant
My Money is on CAR
I´m one of the major shareholders of this awesome company ;)