http://slcapex.com/forums/browse/general en-us Mon, 01 Dec 2008 14:30:52 -0800 Mon, 01 Dec 2008 14:30:52 -0800 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/general/2157 You two should be banished to some far away SIM with Zyngo Parlours and Live Avatar Wrestling until you cheer up! ;-)

Bo

in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Bogart Beck ]]> Sun, 30 Nov 2008 19:48:30 -0800 http://slcapex.com/forums/topic/general/2157/17547 http://slcapex.com/forums/topic/general/2157
in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Morphine Whiteberry ]]> Sun, 30 Nov 2008 19:25:17 -0800 http://slcapex.com/forums/topic/general/2157/17546 http://slcapex.com/forums/topic/general/2157
Ohhhh yes while wearing a Santa hat.............

Please?

:)

Ivan

in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Ivan Halfpint ]]> Sun, 30 Nov 2008 18:59:13 -0800 http://slcapex.com/forums/topic/general/2157/17545 http://slcapex.com/forums/topic/general/2157 Here's the latest announcement from Luke in re; WSE as Posted 11/30/2008 at the following URL

http://www.wselive.com/research/announcement_detail/3601

THE 2008 ADDRESS TO THE MARKET

Submitted by: World Stock Exchange - WSE (Trade)
Date: November 30, 2008

Dear Market Participants,

I joined the virtual world of Second Life at the start of December 2006 and within the first week I was convinced that virtual worlds, in particular Second Life will provide an extended platform to the existing static website. This platform would provide users with a complete broadband entertainment and educational experience that included live and On-Demand audio and video along with allowing users to interact with each other, their favourite brands and organizations in a more dynamic, open and interactive way.

At the heart of every major economy is a Stock Exchange and therefore I felt it was the right time to establish a stock market for the Second Life economy.

The World Stock Exchange was established in March 2007 as an experimental fictional securities exchange and banking role playing game. This has allowed us to experiment by testing the markets response with different policies, features and services while developing and improving the underlying technology platform for its eventual intended use with a real and legally authorised Internet based securities exchange.

The market was initially based solely on businesses operating in the virtual world of Second Life and used the fictional currency of in Second Life called the Linden Dollar.

The WSE has experienced tremendous growth and popularity with the first 6 months of operation a testament to its success achieving over 26000 users and exchange turnover exceeding the equivalent of W$500 million WICS, (World Internet Currency) at the current WIC license exchange rate this would be equivalent to around $1.8 million US Dollars.

As expected with such a new, experimental and emerging service such as WSE, the growth and development to date has not come without its challenges. Some of the challenges we experienced included false allegations and rumours distributed on blogs and in forums by banned users and ceo's with motives to try and prevent the WSE's progress, false details by CEO's about their business in the virtual world, banned users and CEO's hiding their identity by creating alternative accounts to re-establish themselves, disappearing CEOs, policy changes by the virtual world operator such as a ban on virtual gambling and banking which impacted the virtual economy and security vulnerabilities with the WSE platform that resulted in significant false deposits or trades by a small group of users.

In December 2007 the WSE closed due to existing security risks and immediately started development on a major upgrade to the entire technology platform. The new platform is called WSE 4.0 and is designed to remove previous security vulnerabilities, increase server performance, functionality, the user interface and last of all, to increase our potential audience.

The development of WSE 4.0 took longer than we had anticipated. The delay was due to the large scale, limited resources and unique nature of the development. It was also very difficult to estimate the time it would take to complete the project with any certainty however we did release aspirational goals in terms of time frames to have WSE 4.0 completed. These goals were not met due to the continued development delay.

On the 3rd of August 2008 we launched a beta version of WSE 4.0 which allowed us test the technology in a real time environment while also giving us the opportunity to receive feedback from users on how we can improve and build on the new platform. In terms of growth the WSE application on Facebook was a success achieving over 500 installations by Facebook users within the first few month without any advertising.

The data gathered during this period has allowed us to plan the next stage of our of growth and development strategy. The testing phase of WSE 4.0 is now complete and we have halted trading on the market while we begin the next phase which includes:
- Restructuring the simulated market environment to be based on the operations businesses in the real world economy rather than the virtual economy.

- Removal of inactive user accounts
- Removal of all listings based on the operations of businesses in the virtual economy of Second Life.
- Consolidation of all listings into the WSE Traders Fund providing the ideal mechanism for tracking and managing all former shareholdings in virtual businesses listed on the WSE.
- Optimisation of the trading system, watchlist and listing process.
- Improved gateway between WIC Exchange and the WSE
- Develop a comprehensive backend administration and reporting system to ensure that the appropriate platform upgrades, changes and operational policies are implemented.
- Create an enhanced application on the Facebook platform with more dynamic content and less static content.
- Implement news updates to Facebook user profile pages along with a news email summarising any activity over a 24 hour period to each Facebook user.
- Repair and update the WSE Profile Box on Facebook.

Our current development team lacks the resources and time to complete these tasks in the short term and as a result we are in the process of commissioning the work to additional developers who specialise in the development framework called Ruby on Rails. The new development team will ensure that the WSE will be operational as soon as feasibly possible. We anticipate that this development process may keep the WSE offline until late January 2009, however once launched, the WSE will have cemented itself as the leading online securities exchange and banking role playing game.

We apologise for any inconvenience and ask for your patience during this important phase of our development.

Kind Regards,

Luke Connell,
CEO,
WORLD STOCK EXCHANGE (WSE)

in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Bogart Beck ]]> Sun, 30 Nov 2008 12:47:38 -0800 http://slcapex.com/forums/topic/general/2157/17542 http://slcapex.com/forums/topic/general/2412
Last one:

http://au.youtube.com/watch?v=L9A7iajb4RY

in topic Sorry could not help myself!! by Cash Yiyuan ]]> Sat, 29 Nov 2008 23:46:36 -0800 http://slcapex.com/forums/topic/general/2412/17518 http://slcapex.com/forums/topic/general/2412 Can you say "OCD"?

in topic Sorry could not help myself!! by Bogart Beck ]]> Sat, 29 Nov 2008 15:51:21 -0800 http://slcapex.com/forums/topic/general/2412/17515 http://slcapex.com/forums/topic/general/2412 http://community.livejournal.com/pkmncollectors/1296167.html



in topic Sorry could not help myself!! by Cash Yiyuan ]]> Sat, 29 Nov 2008 15:47:58 -0800 http://slcapex.com/forums/topic/general/2412/17514 http://slcapex.com/forums/topic/general/2408 If there is negative net Income then the adjusting entry would likely be to reduce cummulative retained earnings.

in topic Financial accounting theory by Bogart Beck ]]> Thu, 27 Nov 2008 10:43:31 -0800 http://slcapex.com/forums/topic/general/2408/17500 http://slcapex.com/forums/topic/general/2408
okay, in the accounts for auditing we have revised the accounts and the profit figure has changed from a positive amount to a negative amount. with regards to the tax on profits, when there is a positive operating profit there will be a tax amount, am i right in thinking that when operating profit is a negative, there will be 0 under tax. Having done this, I have attempted to balance this into the balance sheet. on the bottom half the retained profits are entered, however it does not balance with the top half. i cant think as to how to balance this on the top half. which change is affected in order for the accounts to take into account the change of this 0 tax amount.
I apologise for the lack of structure to this message, however I am just wondering if anyone can help, its in relation to a Uni module on Auditing, exciting stuff :P

with kind regards,

firstdesigns Milos.

in topic Financial accounting theory by firstdesigns Milos ]]> Thu, 27 Nov 2008 07:40:14 -0800 http://slcapex.com/forums/topic/general/2408/17499 http://slcapex.com/forums/topic/general/2157 This is a one for the authorities and if LL's doesn't recognize this as one of the most significant long term scams and what ever we may call it it. Then they should be just as held accountable. Im sick and tired of this and it if anyone is thinking of the same grand scam think twice.

Your toast!

Not because I say so but it is evident & obvious it is plain corruption and it will come back to bite him / them and anyone else who tries to mess with this area of s or the public involved here. Yes we choose to participate but I'll tell you this ..Ive seen a patern again and again and its no difference ...

you know there r many who have not heard of this on sl that show you the vastness of the ignorance of the playground here and there r no indications to mentions made have to cover it up. Very obvious and well its jsut a matter of time for those involved also.

But I will say Its a fools game and the principla players r the principal winners here. Im no fool ..Im just waitting..

SY

forget WSE ..well Luke lol...he is missing in action soon to be placed in his own commissioned comfy bed. Gee how much time can you do for something like he pulled off? Let him explain to the courts no matter where he lives where did he get assets..his home his car and on his measly income of what
? How long did he work? Where and what type of business did he work in.. how old is he? He is not a genious kid ok..


I wont go into him anymore. he disgust me...but i hope the kid does some time for this one..it all catches up to you sooner or later. Im done!


in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Sophia Yates ]]> Wed, 26 Nov 2008 01:28:44 -0800 http://slcapex.com/forums/topic/general/2157/17494 http://slcapex.com/forums/topic/general/2157
in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Cash Yiyuan ]]> Tue, 25 Nov 2008 20:40:46 -0800 http://slcapex.com/forums/topic/general/2157/17493 http://slcapex.com/forums/topic/general/2157
http://aix1.uottawa.ca/~geist/worldstockexchange.html

in topic OP/Ed and Commentary re; WSE - World Stock Exchange by SynCere Talon ]]> Tue, 25 Nov 2008 17:59:32 -0800 http://slcapex.com/forums/topic/general/2157/17492 http://slcapex.com/forums/topic/general/2157
in topic OP/Ed and Commentary re; WSE - World Stock Exchange by SynCere Talon ]]> Tue, 25 Nov 2008 17:28:41 -0800 http://slcapex.com/forums/topic/general/2157/17491 http://slcapex.com/forums/topic/general/2157
The sim is MIA and I haven't seen Luke online in forever.

-Scott

in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Scott Nestler ]]> Tue, 25 Nov 2008 10:22:25 -0800 http://slcapex.com/forums/topic/general/2157/17488 http://slcapex.com/forums/topic/general/2392
It's best that we separate investors from students. Investors assume the risk of investing and should not invest funds that they cannot lose. Students can easily play the market with under $10 USD.

It's sad that fraud exists and this is where strict policies come into effect. However, providing too much RL information may also encounter privacy issues. We need to determine a way of CEOs and management providing more RL information, but enough that it doesn't affect privacy concerns.

iV

in topic Situation of the Finacial Market In SL by iVentures Volitant ]]> Thu, 20 Nov 2008 09:45:21 -0800 http://slcapex.com/forums/topic/general/2392/17460 http://slcapex.com/forums/topic/general/2392
in topic Situation of the Finacial Market In SL by unbonbom Aabye ]]> Wed, 19 Nov 2008 17:28:09 -0800 http://slcapex.com/forums/topic/general/2392/17451 http://slcapex.com/forums/topic/general/2392
But I think that will change and along with that change will come great consequences to these markets. With saying saying that I can only re-iterate but disgust in the whole Second life thing and have tried to move on or move out gradually.

Its a sham, scam and all of the above and I've come to learn to not trust a soul in here which is sad but its a reality.

I don't see any recovery in the future for those who lost to MNM. In my eyes and my own opinion were criminals and still r and well we will see what happens there..LL well they r in the same league at this time to me with the way they have handled things ..

not sure what i'm going to do relating to sl..I'll do my own thing and watch how things develop and concentrate on rl life which is more important than this crap.

So for all of you thinking this is a get rich quick thing think about it....before you do invest.

some things r eh ok and may have a return but the bottom line is its a bunch of crap and you wont prosper unless your one of the guys (u know what i mean) and thats not coming from someone who has lost a lot, its from someone who has closely observed and knows a few things and concluded that it isn't worth the effort. but the watch is quit entertaining...bad deeds always find a way of catching up with those who perpetuated the deed ..so I wait for the countdown and the disappearance of more to come..trust me they will have some good excuses lol..many will be lost in the crosshairs
Sophia

in topic Situation of the Finacial Market In SL by Sophia Yates ]]> Wed, 19 Nov 2008 16:44:08 -0800 http://slcapex.com/forums/topic/general/2392/17450 http://slcapex.com/forums/topic/general/2392
As soon as SLFR and Capex management come to an arrangement on process and fees we can make a formal announcement.

As far as MNM is concerned I have a RL attorney working on this at my expense, beyond what NIC contributed. I will not allow Jamar/Jason to get away with this behavior.

Lastly, yes SL is SL and people can choose to leave SL at any given time and take what they have in their possession. The ideas of updating our TOS and adding further compliance aspects to CapEx is to add a level of safety and secuirty to the SL exchange that we all love.

We all welcome any ideas that you have on this topic.

_Scott

in topic Situation of the Finacial Market In SL by Scott Nestler ]]> Wed, 19 Nov 2008 15:29:13 -0800 http://slcapex.com/forums/topic/general/2392/17448 http://slcapex.com/forums/topic/general/2392
Actually, SL CAPEX management came to us for Compliance assistance. The talks that we are currently having are mainly about segregation of duties.

Maybe Bo and Scott can chime in on this one.

iV

in topic Situation of the Finacial Market In SL by iVentures Volitant ]]> Wed, 19 Nov 2008 13:32:28 -0800 http://slcapex.com/forums/topic/general/2392/17444 http://slcapex.com/forums/topic/general/2392 One thing is for a company to be honored but not go wrong .... have to close, but able to continue to take even stronger measures.
otherwise it is stealing and fraud, if a company do this, as mNm and rcp, it is logical to bring all markets and to blacklist ceo of shares or cash, and communicate to linden labs, because linden labs is very important, there are cases where stealing and continue in the game and not returning money, and linden labs can get money or property to give owners such shares ....
otherwise, are there any communication from sl CAPEX of money or shares of kavai, there are sl CAPEX of communication with other markets to see if there is money or shares? ...
rcp is a company that exist in sl, and have many properties, but nobody know nothing, the ceo never write, and linden labs have obligations to arrest and combat fraud and theft ...... it is essential that department but have linden labs 1 person is dedicated among other things the issue of markets for second life, and be able to prevent and combat fraud and, if necessary, put in police complaint is your obligation. rare and very rare is that linden labs is the opposite and support and help thieves and swindlers..... sorry gentlemen is my humble opinion ....

in topic Situation of the Finacial Market In SL by unbonbom Aabye ]]> Wed, 19 Nov 2008 13:27:18 -0800 http://slcapex.com/forums/topic/general/2392/17443 http://slcapex.com/forums/topic/general/2392
"We are currently in the talks with SL CAPEX to provide Compliance assistance as an independent accounting firm as SLFR Group.

We can be helpful for all of the companies financials. Instead of companies coming to directly to us and having to pay out of pocket, the Exchange can pay us for the services provided while this benefits all parties involved, especially the investors..."

Are you proposing that Capex listed companies will have no option but to use your services?

Regards,

Cayman

in topic Situation of the Finacial Market In SL by Cayman Beaumont ]]> Wed, 19 Nov 2008 12:06:55 -0800 http://slcapex.com/forums/topic/general/2392/17442 http://slcapex.com/forums/topic/general/2392
We can be helpful for all of the companies financials. Instead of companies coming to directly to us and having to pay out of pocket, the Exchange can pay us for the services provided while this benefits all parties involved, especially the investors.

To me, companies financials are useless if the CEOs just take the funds and run. The financial community no longer feels a safe, fun and learning environment.

This can mean a few things. Stricter policies can be in place, but to what extent? More transparency on RL information, but look how this turned out.

MNM was the largest IPO and they fled. I believe a RL lawyer is currently investigating this event, however, the event already happened, so what's the current status? L&L, MECH, YEP are gone if you exclude the recent merger. Another few months passes by and before you know it, they're no longer part of our discussions and yet again CEOs and/or management fled with investors funds.

What I've also seen recently was that companies financials are also not correlated with CEO's deception. Financials are financials, fraud is fraud.

A voting system would be a remedial solution, same for forming a Corsortium Group and now a possibility of SLFR Group providing Compliance assistance.

Thoughts?

iV

in topic Situation of the Finacial Market In SL by iVentures Volitant ]]> Wed, 19 Nov 2008 11:46:30 -0800 http://slcapex.com/forums/topic/general/2392/17441 http://slcapex.com/forums/topic/general/2393
iV

in topic New IPO's by iVentures Volitant ]]> Wed, 19 Nov 2008 11:10:51 -0800 http://slcapex.com/forums/topic/general/2393/17440 http://slcapex.com/forums/topic/general/2393

Mystic Handrick

in topic New IPO's by Mystic Handrick ]]> Wed, 19 Nov 2008 11:10:50 -0800 http://slcapex.com/forums/topic/general/2393/17439 http://slcapex.com/forums/topic/general/2393 It works great at ISE, so why not adopt the way of doing an IPO?


Johnny Norwood


in topic New IPO's by Johnny Norwood ]]> Wed, 19 Nov 2008 10:57:13 -0800 http://slcapex.com/forums/topic/general/2393/17438 http://slcapex.com/forums/topic/general/2393
At present new IPO's are selected by the Capex management and presented without any open debate. The first opportunity to examine an IPO is when it is already soliciting L$. This is so wrong!

I wish to propose that Capex adopts a policy similar to ISE. Capex would as usual receive IPO requests, vet and reject unsuitable IPO's.

For those companies passing the Capex test a prospectus would be published and presented on the forums. This would allow Capex shareholders an opportunity to question and probe the suitability/credibility of the CEO and their business model.

The Capex shareholders, minus insiders would then vote on accepting/rejecting new IPO's, secondaries or companies transferring from another exchange.

This would allow Capex shareholders to take responsibility for new companies entering the market. At present Capex makes all the decisions and should accept the criticism when those companies fail. In this new scenario we are all be held accountable.

This isn't the perfect solution but would significantly raise transparency on the exchange and encourage shareholder participation and active due diligence ahead of any IPO.

Regards,

Cayman




in topic New IPO's by Cayman Beaumont ]]> Wed, 19 Nov 2008 10:46:14 -0800 http://slcapex.com/forums/topic/general/2393/17437 http://slcapex.com/forums/topic/general/2392
I have not had any large Investments in the Exchanges in quite awhile. A few weeks ago I decided to IPO my company on Vstex. It has been a slow road.

It's a small IPO compared to many I have seen in the past. When I see an IPO with tens of millions of shares and a 1l price I wonder where that money is going and why.

My reason for an IPO is simple. To pay dividends to shareholders. By being honest and upfront about the whole thing. I am not going anywhere and have no reason to cheat, lie or steal by deceit or any other methods we have seen.

If someone wants to talk to me, call me. If someone wants to know my cell number ask..Facebook? ask, address ask.

I think CEO's or someone that is in control of the Finances should be more forthcoming than they are. We are all real people (I hope) and have lives outside of SL.

Just my 2 cents. So lets not condemn the whole Sector based on the actions of a few A*******. Make it better, try for change, learn from mistakes. "You may not succeed but at least you tried."

Thanks,

Mystic Handrick



in topic Situation of the Finacial Market In SL by Mystic Handrick ]]> Wed, 19 Nov 2008 09:40:55 -0800 http://slcapex.com/forums/topic/general/2392/17434 http://slcapex.com/forums/topic/general/2392
If you want to see your invested,hard earned, L$ dissapear SLOWLY and PAINFULLY slcapex is a good place.

That i learned.




in topic Situation of the Finacial Market In SL by Sportsbets Writer ]]> Wed, 19 Nov 2008 07:05:10 -0800 http://slcapex.com/forums/topic/general/2392/17430 http://slcapex.com/forums/topic/general/2392 and the fault of all, Linden Lab, because they could cooperate in fight against fraud and deception ...
One thing is that a company is totally bankrupt, something that can always be avoided generally, but to be honest and otherwise very different is a company that markets be fraud or thief .....
Also take the blame slcapex market or markets that do not have rules against fraud and support to clients .... I talk about this topic in the past and ignore ...
is simple and easy to make a company in which companies market their shares go fraud ... For example, if a company fraud, shares their owners go to another company and continue to quote in market share because the value they have to buy and sell. .. but it is possible that others buy the company by putting a few funds, were two options, but do not slcapex case, it seems that it is sad to give equal ...
I ask if slcapex communicate with other markets to see if kavai have shares or money, but sl CAPEX not communicate anything about this topic is rare .....
http://www.slcapex.com/forums/topic/general/2307
http://www.slcapex.com/forums/topic/general/1554

in topic Situation of the Finacial Market In SL by unbonbom Aabye ]]> Wed, 19 Nov 2008 05:12:06 -0800 http://slcapex.com/forums/topic/general/2392/17427 http://slcapex.com/forums/topic/general/2392 I have been in here for quite some time.
Finaly i came to the conclusion that the financial market
is not a place where i should invest the hard earned money.

People like Kavai Onizuka can take the money from the
shareholders and then simply walk away.
As long as that doesnt change the market will stay weak .
I only kept investing here because , as far as i understood them, the rules for IPO ing here are that SLCapex must have a rl contact to you . (and im not talking about a rediculous free mailer adress ).

I dont think i am the only one whos feed up and one can see that at the Market Volume here that people are unwilling to put in money .
So the vital interest of Services like that in future must be to prevent fraude. If that is not possible the Stock exchanges will die.

Manuela DeVinna

in topic Situation of the Finacial Market In SL by Manuela DeVinna ]]> Tue, 18 Nov 2008 09:47:37 -0800 http://slcapex.com/forums/topic/general/2392/17410 http://slcapex.com/forums/topic/general/2375
Only Alecx Writer of WNB Italian Lands offered some feedback but he shared it only with me (in Italian, English is not is forte). Feedback from other people would be welcome (expecially if shared with everyone else!).

Currently, ours is the only exchange involved. ISE said no already (not to point fingers or blame them, I respect their choice).

Right now we're in the "alpha", or even "pre-alpha" stage, where we're trying to see on how many legs we're standing on, and/or how strong those legs are.

Samantha Goldflake
VSTEX Communication and Public Relations Director
http://www.vstex.net

in topic An open letter to SL financial institutions and operators by Samantha Goldflake ]]> Tue, 18 Nov 2008 02:07:50 -0800 http://slcapex.com/forums/topic/general/2375/17406 http://slcapex.com/forums/topic/general/2180
BIG Beck Investment Group 9057
BTX Beck Technical Research II 23
HBK [ hoorenbeek ] 407
HIFI HI-FIve™ 2205
MLS MiLOS Designs 1082
NIC Nestler Investment Corp. 76143
PHX Phoenix Distribution 200022
SLCX SL CapEx 3020055
SLR SL Reports 1182518
SLW SLWallet.com 1338744
WPM Wise Property Management 300681

in topic Disclosure - Capex Officer by Cash Yiyuan ]]> Mon, 17 Nov 2008 19:39:32 -0800 http://slcapex.com/forums/topic/general/2180/17402 http://slcapex.com/forums/topic/general/2155
in topic OP/Ed and Commentary re; ISE - International Stock Exchange by Arnaud Villota ]]> Mon, 17 Nov 2008 19:05:08 -0800 http://slcapex.com/forums/topic/general/2155/17401 http://slcapex.com/forums/topic/general/2375
in topic An open letter to SL financial institutions and operators by Guardian Market ]]> Mon, 17 Nov 2008 18:36:29 -0800 http://slcapex.com/forums/topic/general/2375/17400 http://slcapex.com/forums/topic/general/2154
in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Hamncheese Omlet ]]> Mon, 17 Nov 2008 17:44:15 -0800 http://slcapex.com/forums/topic/general/2154/17399 http://slcapex.com/forums/topic/general/2154

in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Ashleigh Wade ]]> Mon, 17 Nov 2008 17:41:53 -0800 http://slcapex.com/forums/topic/general/2154/17398 http://slcapex.com/forums/topic/general/2154
in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Ashleigh Wade ]]> Mon, 17 Nov 2008 17:36:03 -0800 http://slcapex.com/forums/topic/general/2154/17397 http://slcapex.com/forums/topic/general/2154
Surreal BT Estate (where Nolan is Arnaud) is actually physically held by Surreal but managed and branded BNT. It was where BNT started.

Ancapistan Estate (where ACE HQ is located) is physically held by Intlibber.

The bottom line is that Intlibber is a dynamic personality who has challenged a pluthera of problems in the past and this one is no different (however, i still haven't heard this is actually even a problem, only someone who has strung together few things to make a story). I am sure that BNT will survive this and many other issues to come, in one form or another.

in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Ashleigh Wade ]]> Mon, 17 Nov 2008 17:35:18 -0800 http://slcapex.com/forums/topic/general/2154/17396 http://slcapex.com/forums/topic/general/2154
BNT is more than land - It is a full service development company and is engaged in many projects.

BNTFRE is backed by 7 or 8 sims (used to be 10 sims but total outlay of public shares was reduced by the corresponding amount in buybacks). Note that the myriad of other banks that were killed by the banking ban are supported by thin air.

ACE - is completely separate from BNT and BNTFRE. Neither provide income to ACE except the transaction fees due to trades and the advertising fees from folks visiting waiting and wishing for IntLibber's demise.....

If BNT lost sims due to non payment (your speculation and not mine) it could be a temporary blow to BNT. But given LL's policies in the last year I don't know how much of a blow it really would be.

Also I think you are underestimating IntLibber's influence, including within LL. If LL wanted IntLibber to go away, they would have made it happen long before now By the same token, if IntLibber wanted to go away he's had plenty of opportunities to do so long before now.

Cheers,
Ham
(note that I'm no longer affiliated with ACE/BNT so take my observations with a grain of salt)

in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Hamncheese Omlet ]]> Mon, 17 Nov 2008 17:31:19 -0800 http://slcapex.com/forums/topic/general/2154/17395 http://slcapex.com/forums/topic/general/2154
Now when LL suspends an account for non payment they only suspend the main account. And you have 30 days to pay up. If you dont then they take you land and you alts. In this case all of the BNT alts, cause they are owned by Brautigan. Please read the second comment by me for a copy of what LL sends to you and explain what will happen if it is not taken care of.

Does not matter to me one way or another what happens to IntLibber, BNT or ACE. But they are all linked and what happens to one happens to all.

in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Jimmy Bligh ]]> Mon, 17 Nov 2008 17:26:42 -0800 http://slcapex.com/forums/topic/general/2154/17394 http://slcapex.com/forums/topic/general/2155
in topic OP/Ed and Commentary re; ISE - International Stock Exchange by Jimmy Bligh ]]> Mon, 17 Nov 2008 17:18:54 -0800 http://slcapex.com/forums/topic/general/2155/17393 http://slcapex.com/forums/topic/general/2155
Thanks.

EDIT: Since I posted this note, the posts now have gone from 3 to 2, it should be 4. What is going on SLCAPEX?

in topic OP/Ed and Commentary re; ISE - International Stock Exchange by Arnaud Villota ]]> Mon, 17 Nov 2008 16:48:37 -0800 http://slcapex.com/forums/topic/general/2155/17392 http://slcapex.com/forums/topic/general/2154
Also I am confused about this Surreal Estates thing. Surreal Estates is not LL is it? So the Inlibber Brautigan avatar is in arrears with Surreal Estates. So what? That doesn't necessarily make BNT enterprises in arrears with LL (just Surreal Estates if they haven't been passing on the tier money to LL). While the defaults with Surreal looks ominous, I guess I am with Ash here that it doesn't necessarily spell doom for ACE or BNT enterprises in general, it just appears bad for for the avatar called Inlibber Brautigan, but his other avatars seem to be ok. Apparently LL doesn't have a problem with all of the other alts because they seem to be alive and kicking even after all this time.

If I am missing the mark here please feel free to correct.

Thanks.

in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Arnaud Villota ]]> Mon, 17 Nov 2008 16:43:22 -0800 http://slcapex.com/forums/topic/general/2154/17391 http://slcapex.com/forums/topic/general/2387
"hopefully the Exchanges Operators will follow to ensure much tighter policies"

When I was a child, who was taking the initiative to start a game (any game) in the courtyard, used to stand in the middle, raising his hand at eyes height, palm down, shouting "Who wants to play, put his finger down here!"

/me heads for the middle of the courtyard...

in topic Could this be the final straw, that breaks the financial community? by Samantha Goldflake ]]> Mon, 17 Nov 2008 15:25:42 -0800 http://slcapex.com/forums/topic/general/2387/17383 http://slcapex.com/forums/topic/general/2154
True ACE BNT could be comprimised but that has nothing to do with the website and the rest of the exchange including propietary software. That could be salvaged and reassigned to another alt, or sold off. The question is how much would be lost under the ACE BNT account and would that pay the tier?

There are a million solutions possibilities out there. Been there and done that. Cut, run and eternal damnation for the memes doesn't alway have to be the solution. It is what it is. I'm tired of the sky is falling stuff. Businesses face challenges everyday, some worse than others. It will be interesting to see which way this goes, but I don't think Intlibber is one to give up.



in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Ashleigh Wade ]]> Mon, 17 Nov 2008 10:47:33 -0800 http://slcapex.com/forums/topic/general/2154/17379 http://slcapex.com/forums/topic/general/2154
-----------------

The ACE account that holds the money is owned by IntLibber, This includes all of the BNT last name accounts. If IntLibber owes Linden Lab money they will not allow him to stay in SL with the BNT alt accounts.

Don't worry; this billing failure will not prevent you from logging on with your Second Life account. We will simply try to bill your overdue balance again the next day. If we are unable to collect the amount due within seven (7) days, your account will be suspended pending payment for an additional thirty (30) days. During that time, you will not be able to log in to Second Life. Alt accounts may be placed into administrative hold and you may be logged out of active sessions during this time as well. Failure to resolve this billing issue by the end of the probation period may result in the cancellation of your account. If you have verified the accuracy of your billing information, and are not aware of other outstanding issues that would prevent billing, please contact us through the support portal (https://secondlife.com/support ) as soon as possible.

Upon creation of a Custom Surname, the account designated as owner is billed a $500 Setup fee plus the first annual $500 fee. On each anniversary date, the owner is billed $500 to retain Custom Surname ownership. Last names must clearly be an organizational or corporate name, and distinguished from personal last names. For example, Smith is not acceptable, but SmithCorp, SmithInc, SmithProducts or SmithConstruction are. Names that are clearly composite or made up (SecondLife, Agilent) will be considered.

Second Life Account Holdings: When terminating Second Life accounts, Linden Lab will attempt to sell via the Second Life Auctions any virtual land holdings on the Second Life Mainland. Any money received from such auctions will be applied first to cover outstanding fees or charges due to Linden Lab; any remaining money from the sales will be returned to you. There will be no refunds or exchanges for any unused time on your subscription, Island purchases, Linden Dollars, or in-world objects, items, or content.


in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Jimmy Bligh ]]> Mon, 17 Nov 2008 10:26:48 -0800 http://slcapex.com/forums/topic/general/2154/17377 http://slcapex.com/forums/topic/general/2378
If the information is in-world, users would not only need to log in, but users face their computer lagging with the abundant amount of objects (if it’s scripted, even worse). There are many others such as myself who logs in only if it’s necessary. Then there’s monthly tier fees. Wasted funds since there’s no profit generated unless there are sufficient sponsorships. It’s possible to have ads in the library, but how effective would they be anyway? Nowadays, effective advertising come from webpages using scripted Metawords. Easy coding as there are sources that offer this for free.

If the information is online, the information remains static and any updates are instantaneous. As for costs, server maintenance, but that’s already accounted for since my site already exists. Only costs that I foresee are one time coding costs for any mappings or updates. If a user finds a financial event they liked or disliked reading, they can easily post on a Forum with the link attached.

I may also create a Forum, but this is a free tool as well.

Most of the work on this project would be ensuring that the stated information is all factual. This is where the financial market would need to contribute.

iV

in topic Database On Financial Events by iVentures Volitant ]]> Mon, 17 Nov 2008 10:12:56 -0800 http://slcapex.com/forums/topic/general/2378/17376 http://slcapex.com/forums/topic/general/2378
Thanks for your input, but is it possible for you to create another thread on your accounting questions? Apologies if I’m being inconsiderate, but this thread is about brainstorming on ideas to create a database on historical financial events. Not quite sure how GAAP came about in this post (paragraph 3, but I’ll take paragraph 1). If you create a new thread, there will be more visibility on your question(s).

Thanks again.

iV

in topic Database On Financial Events by iVentures Volitant ]]> Mon, 17 Nov 2008 09:46:49 -0800 http://slcapex.com/forums/topic/general/2378/17375 http://slcapex.com/forums/topic/general/2387
My 2 cents.

Doesn’t really strike me as a surprise. Frozen accounts or not, how would depositors even know if Intlibber himself isn’t buying time? How would one know if they’re even going to receive their funds back? In a virtual environment, who really holds the liability? On the balance sheet, yes, it makes perfect sense. But in RL, if you see this from the transaction side, one person is transferring funds to another account. Unless there is a signed and binding contract between both parties such as a Promissory Note or they are indeed an actual bank such as JP Morgan Chase, will this hold in court? I would think that the depositors assumed the risk of entrusting their funds with another party and the so called “banks” are merely high school or college kids to pay for their tuition.

Does anybody remember L&L? I wouldn’t be surprised either that Lindsay doesn’t do anything at this point and utilizes the funds to pay her rent. Last I recall, she asked me for the converted shares of the L&L businesses. Poof, no word afterwards. Same for Intlibber with BNT. JT Financial? If Arb disappears SL, what then? Another outcry with many articles posted on the financial publications.

Scott, any word on the MNM situation? If the attorney does their due diligence and can win the case, possibly the attorney can take a look at the banks.

Question would can be done at this point? What do we have control over? I’m thinking at this point, more light on the listed companies. Afterall, the Exchanges hold the ball.

Companies are dropping like flies and once again another hit on the investors. For instance, how many investors were surprised with the YEP and MECH latest events? Possibly everyone including myself. Any ramifications? Corsortium groups are a start where members can collaborate and hopefully the Exchanges Operators will follow to ensure much tighter policies.

Did the financial community really lose its “fun and learning environment”?

Don’t mind me. I missed my coffee in the morning.

iV

in topic Could this be the final straw, that breaks the financial community? by iVentures Volitant ]]> Mon, 17 Nov 2008 09:37:54 -0800 http://slcapex.com/forums/topic/general/2387/17374 http://slcapex.com/forums/topic/general/2154
ACE is independent of BNT so actions taken against BNT won't affect ACE operations. Could complicate things, but not destroy ACE.

BNT does stand to lose it's sims if tier isn't paid and this could be an interesting development. It would just be one of many that are falling these days.



in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Ashleigh Wade ]]> Mon, 17 Nov 2008 09:00:01 -0800 http://slcapex.com/forums/topic/general/2154/17372 http://slcapex.com/forums/topic/general/2387 http://sl-virtual-world-news.com/index.php/News/Stock-Market/Could-this-be-the-final-straw-that-breaks-the-financial-community-Second-Life.html

this link is a repeated statement in todays post by Jimmy.

in topic Could this be the final straw, that breaks the financial community? by Cash Yiyuan ]]> Mon, 17 Nov 2008 05:36:18 -0800 http://slcapex.com/forums/topic/general/2387/17368 http://slcapex.com/forums/topic/general/2154
Is IntLibber Brautigan on his final days in SL? Surreal has locked his account today and SL has his Brautigan account locked since Oct 20th. This means he started to fall behind on tier payment on the 13th of Oct. LL gives you 7 days to get caught up, then after the 7 days LL locks the account and you have 30 days to get caught up. At this time IntLibber is on his 25th day of being locked out. What will happen if IntLibber loses all his land in SL? Surreal has locked his 12 sims. You can see this here, http://tier.cwcc.com/support/parcel_list.php Now I asked this question on the ACE Forum, and IntLibber responded with this, "I am using IntLibber BnT avatar for official business and have been for several months. I generally take IntLibber Brautigan out of search as a sort of game because it always helps us identify who the ranting idiots are that are trying to smear us" But as we all know he does most of the smearing himself, by not addressing the issue at hand and blaming other for his flaws. Another response I got about my questioning of where is the IntLibber from Stray Underwood stated "And for people who do not understand, you have the option to be removed from search, everyone. So read up on the program and understand it before making pointless claims of frozen accounts." Well I do know the system very well. And I also know that when you take yourself out of search it is out of the web based search, not from under people in SL. I know this because I am not in search but you can still find me in search under people. Now to add to this, if you go under search "all" this is where it takes you out of search. Not entirely out of search but it says this on your profile page: "This resident has chosen to hide their profile from search." As you can see if you search my name "Jimmy Bligh" under all, the second search, since the first is your SL Profile. As you can see for IntLibber Brautigan, he does not show under "people" and the only way out of that is if you are suspended, frozen or banned. If you look under "all" you can compare my account with his and see that he has not taken his name out of search. Also to add to my findings, if you join any of his group on his profile, you will see his profile says he is in the group, but when you look in the group he is not there. There is no way of taking your self out of the group and still have it on your profile. You can only hide your groups from your profile. So with all my findings explained, I'm not here to jut bash IntLibber and say hes banned for non payment; I have shown the facts and proof. So my question is, what will happen to BNT, ACE and another holdings he has? Will this be another bad strike against the financial community? If this does happen will it just happen and be forgot about like Ginko, Tizzy, and Connell? I feel this is as bad as the Ginko, Tizzy and Connell wrapped up into one big explosion, since IntLibber is involved in all 3 parts of the SL Financial World, Land (BNT), Banking (BNTFRE) and Exchange (ACE).

With 13,500,000L$ in the BNT IPO, 4,231,583 L$ in deposits still outstanding on BNTF, and a couple million in ACE IPO and in ACE Deposits. This could be a big problem and the financial community could again get a black mark against it.

So far he has dodged the questions, and then turns it around and bashes anyone that asks questions of his publicly trade company or companies. And yes I understand times re tough in SL, but at least every other company is posting financials and keeping their shareholders in the loop of what is going on.

Thank you for your time and I'm looking forward to hearing every ones thoughts on this issue.


in topic OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange by Jimmy Bligh ]]> Mon, 17 Nov 2008 04:16:07 -0800 http://slcapex.com/forums/topic/general/2154/17365 http://slcapex.com/forums/topic/general/2381
http://www.news.com.au/story/0,23599,22388125-29277,00.html

http://www.webtvhub.com/awesome-prank-video-the-chaser-team-cracks-apec-security/

in topic Is this true ? by Cash Yiyuan ]]> Sat, 15 Nov 2008 09:01:09 -0800 http://slcapex.com/forums/topic/general/2381/17349 http://slcapex.com/forums/topic/general/2381 http://www.cnnnn.com/

in topic Is this true ? by Johnny Norwood ]]> Sat, 15 Nov 2008 07:48:14 -0800 http://slcapex.com/forums/topic/general/2381/17347 http://slcapex.com/forums/topic/general/2378
I also think if the move is towards greater transparency, self regulation then there should be a simplied fincial reportiing template. It does not have to be complicated anyone proficient in excel can build in the formulas. The reporting is all over the map, not realy clear what is an asset or capital equipment or plant. This leaves a wide variance of interpretation.

Not everyone is familar with GAAP and I have read through other exchanges. We are not dealing with large capital equipment and corporations. Do we score an idea that is built as asset and a payment to developer as cost? Then when we turn it around as gift to estate is that a charge off for good will? or gifts.........

And whos is auditing these declarations?



in topic Database On Financial Events by Kaffe McMahon ]]> Sat, 15 Nov 2008 00:37:19 -0800 http://slcapex.com/forums/topic/general/2378/17344 http://slcapex.com/forums/topic/general/2378
Would webpages fit your thoughts on "least amount of time spent in most efficient way?"

in topic Database On Financial Events by Cliff Eclipse ]]> Fri, 14 Nov 2008 23:03:52 -0800 http://slcapex.com/forums/topic/general/2378/17342 http://slcapex.com/forums/topic/general/2378
Cliff,

Is a library type of environment already set up in-world? If it already exists, can you send me the LM?

Also, if you were to show the financial events in-world, how would you proprose doing this? Form of an object where the user can turn the pages? If this already exists, I'd like to see what's currently available. This would allow for me to create a project plan by listing a guideline. We would also need to know the amount and type of contributors. Without sufficient support, we would be wasting time.

In the meantime, we can work something out, but my goal is to have this information available online in a database. We can use my server space and site. Additional costs on my end though (hm...) for coding purposes, but surely, I won't need to create an IPO. Maybe sponsorships? I can possibly advertise their businesses for free. Any PR members here?

The additional feature would have the same information in-world. Not exactly sure yet as to how that would work though, unless you've already thought this through? End goal: least amount of time spent in the most efficient way.

iV

in topic Database On Financial Events by iVentures Volitant ]]> Fri, 14 Nov 2008 14:05:39 -0800 http://slcapex.com/forums/topic/general/2378/17333 http://slcapex.com/forums/topic/general/2378 Yes, this is exactly the kind of information that the Investing InfoIsland seeks. As mentioned in a forum post at Vstex, (http://forums.vstex.net/index.php?topic=268.0)
Investing InfoIsland was helped by a grant from Financial Industry Regulatory Authority (FINRA), and is associated with a large group of librarians (The Alliance Library System) whose purpose is to not only record history of SL, but to contribute to its growth. Specifically the promotion of education for investors of both RL and SL."

I feel this is a step closer to the goals of librarians to have a history available, and a step in the right direction for exchanges and companies that care about future investors.

in topic Database On Financial Events by Cliff Eclipse ]]> Fri, 14 Nov 2008 11:42:50 -0800 http://slcapex.com/forums/topic/general/2378/17329 http://slcapex.com/forums/topic/general/2375
I'd like for you to read the thread, "Database On Financial Events" when you have the chance. I'm thinking of creating a database viewable on the website listing the historical financial events. It's very possible for us to collaborate whereby the information are both online (my source) and in-world (your source). The objects can be independent of the database information as these would not need to interact with each other. It's simply an additional convenience for the financial market. However, our information should be close to what we both have and it's something that we can work out.

In the other thread, I posted a link. This was originally started by ACE, but it's nothing close to what I'm envisioning, nor does it provide sufficient detail of the events.

If things work out well, we may even send this over to LL for RL marketing exposure. Who wouldn't like to know the historical events that occurred within the financial sector of SL?

Feel free to post your thoughts/comments here.

iV

in topic An open letter to SL financial institutions and operators by iVentures Volitant ]]> Fri, 14 Nov 2008 08:45:58 -0800 http://slcapex.com/forums/topic/general/2375/17328 http://slcapex.com/forums/topic/general/2378
iV

in topic Database On Financial Events by iVentures Volitant ]]> Fri, 14 Nov 2008 08:39:05 -0800 http://slcapex.com/forums/topic/general/2378/17327 http://slcapex.com/forums/topic/general/2375
I would like to suggest a common, or uncommon ground or meeting place for such an effort, and for this to be a goal of all exchanges simultaneously. I have suggested before, and consider the connection of InfoIslands to be such an arena for the deliberation of further talks on this subject. If you have not visited Investing InfoIsland then please drop by or contacting me for a tour. (My position in this is purely for information purposes, as a RL librarian.)

This suggestion of a meeting place is to enhance not only relations between exchanges, but to promote the education of stockholders, or future investors in SL, and possibly to act as a repository of historic information for the various companies/exchanges, and make a convenient one stop shop for an informed investor.

Cliff Eclipse, Director/Concierge
Ancapistan Capital Exchange (ACE)
BNTFRE Office,
2nd Floor, ACE Exchange Building, Venture Square
cliffeclipse@yahoo.com
Skype - cliff.eclipse

in topic An open letter to SL financial institutions and operators by Cliff Eclipse ]]> Thu, 13 Nov 2008 18:47:17 -0800 http://slcapex.com/forums/topic/general/2375/17318 http://slcapex.com/forums/topic/general/2381
in topic Is this true ? by Cash Yiyuan ]]> Thu, 13 Nov 2008 16:50:41 -0800 http://slcapex.com/forums/topic/general/2381/17316 http://slcapex.com/forums/topic/general/2381
Amazing!

Thanks for posting.

in topic Is this true ? by Arnaud Villota ]]> Thu, 13 Nov 2008 14:55:24 -0800 http://slcapex.com/forums/topic/general/2381/17312 http://slcapex.com/forums/topic/general/2378
in topic Database On Financial Events by Cayman Beaumont ]]> Thu, 13 Nov 2008 13:20:53 -0800 http://slcapex.com/forums/topic/general/2378/17308 http://slcapex.com/forums/topic/general/2378
Any financial publications besides SLR and SLNN?

iV

in topic Database On Financial Events by iVentures Volitant ]]> Thu, 13 Nov 2008 11:29:51 -0800 http://slcapex.com/forums/topic/general/2378/17306 http://slcapex.com/forums/topic/general/2378
Count me in and I'll help where I can.

I agree with Samantha's comments about what to collect.

CB



in topic Database On Financial Events by Cayman Beaumont ]]> Thu, 13 Nov 2008 10:33:29 -0800 http://slcapex.com/forums/topic/general/2378/17305 http://slcapex.com/forums/topic/general/2378
Over the weekend, I'll look through my documentation and compile a list of events. We'll continue to add to the list accordingly and when we feel comfortable with the list, we'll then categorize the financial and non-financial events and go from there.

iV

in topic Database On Financial Events by iVentures Volitant ]]> Thu, 13 Nov 2008 09:59:22 -0800 http://slcapex.com/forums/topic/general/2378/17302 http://slcapex.com/forums/topic/general/2378
Ginko happened right after the Gambling ban.

It was long gone
(absorbed into WSE and then defaulted on by Luke)
by the time the Banking ban happened.

in topic Database On Financial Events by Turmith Flamand ]]> Thu, 13 Nov 2008 08:44:56 -0800 http://slcapex.com/forums/topic/general/2378/17299 http://slcapex.com/forums/topic/general/2378
Samantha Goldflake
VSTEX Communication and Public Relations Director
http://www.vstex.net

in topic Database On Financial Events by Samantha Goldflake ]]> Thu, 13 Nov 2008 08:29:03 -0800 http://slcapex.com/forums/topic/general/2378/17298 http://slcapex.com/forums/topic/general/2378
If we were to go ahead with this, should we have a focus? For instance, financial events only? My mention about Anshe Chung Studios and SL Exchange may not necessarily be included as these are not financial related events. However, it’s something nice to know. Maybe on a different archive.

Thoughts?

iV

in topic Database On Financial Events by iVentures Volitant ]]> Thu, 13 Nov 2008 08:05:31 -0800 http://slcapex.com/forums/topic/general/2378/17295 http://slcapex.com/forums/topic/general/2378
Thoughts?

iV

in topic Database On Financial Events by iVentures Volitant ]]> Thu, 13 Nov 2008 07:58:56 -0800 http://slcapex.com/forums/topic/general/2378/17294 http://slcapex.com/forums/topic/general/2378
Stagecoach Island has added some new features now you start with 5000, they have Virtual Credit Cards, Morgages, even Virtual Jobs where you get paid to pay for things there. It more for younger people to learn money management. There trivia is all based on financial quesions. Learn and Earn.

I think this would of been a great learning tool for the teen grid and even for some adults on th . But teen gride main grid but as we all know LL doesn't care as lone as they get there money.


in topic Database On Financial Events by Bart Heart ]]> Thu, 13 Nov 2008 07:52:08 -0800 http://slcapex.com/forums/topic/general/2378/17293 http://slcapex.com/forums/topic/general/2381
http://www.youtube.com/watch?v=fJuNgBkloFE

in topic Is this true ? by Sean4you Shepherd ]]> Thu, 13 Nov 2008 07:32:59 -0800 http://slcapex.com/forums/topic/general/2381/17292 http://slcapex.com/forums/topic/general/2378
Regarding how the information will be displayed, it would be similar to Yahoo Finance, but using a drop down menu. This would include historical events that users can choose. The output of the information would be a similar layout to how Company Profiles are shown. Instead of showing financials, it would show the historical detail and related links to external sources. This would allow for users to view additional detail. PDFs are available with sufficient requests.

An additional functionality, I will be including a timeline of events. This would show the events that occurred and when the users click on a particular event, it would direct them to the detailed page as listed above. Users would have the option of choosing from either the drop down menu or from the timeline.

As for the Wiki functionality, this may not necessarily be the best option. This would limit the users’ usage as they would need to know the event that they are looking for.

As for the events originally stated, it was not meant to list only the negatives. I mentioned these specific events because I have much knowledge in these.

I believe that based on the events that occurred, all of these are a chain reaction. Good or bad.

For instance, LindeX was the only currency exchange created by LL. Due to its popularity and lack of competition, SL Exchange (now XStreet) allowed for currency exchange option to purchase their products and/or services, thus also creating a new competition in the currency platform.

Mainland was the only land available created by LL. The new land baron, Anshe Chung Studios, came forth and revolutionized the way land tiers are used.

WSE became the first mover as an Exchange. All other Exchanges followed, but so did fraud from the listed companies as CEOs took advantage of the investors.

These are only a few to mention.

Thoughts?

iV

in topic Database On Financial Events by iVentures Volitant ]]> Wed, 12 Nov 2008 20:13:36 -0800 http://slcapex.com/forums/topic/general/2378/17290 http://slcapex.com/forums/topic/general/2378
Seriously though,

if you open any history book, or any religious book, what do you find ?

Among the many things, one thing that repeats itself over each generation multiple times since the beginning of our existence is: death and suffering caused by greed.

But we have made progress despite all those things we did, nothing is completely negative.

While i'm not any regious freak of any kind (quiet the oposite i believe organized relion is more dangerous than organized crime), i just believe in common sense, i'd like to compare WSE to the period when Jesus Christ did some things wich was a "breach of the moneychanger TOS". For his attempt to take with him the "shareholder list of the WSE of back then(the moneychangers customers)" he got crucified.

Basicly Jesus had nothing against this kind of business just not infront of the most populated areas (the church).

Why i mention exactly that, is because the average human beeing is easy to manipulate and either scam or supercharge him for a service. Exactly what many money changers still do, exactly what many CEO's at WSE did, including Lindsay.

My view is, this kind of service should never be available to the open public, they hardly know the difference between a market order and a limit order (just look at the lindex, why are ppl overpaying for something that is available for much less ? i almost feel bad for placing limit orders at lindex because i know the only reason they fill is because some fool uses marketorder and i make money on them).

So what's positive about the WSE, it scared the shit out of the average sl user, yes thats bad for liquidity shortterm, but it is much better than having them lose more. If luke didnt do what he did we would most likely have more Cadence's more Investor Allen's and alikes. The average SL user should not be allowed to buy stocks directly, he/she should talk to a broker/fundmanager (a specialist) who'll do investment for them.

As for lindsay, i dumped my LNL stock from L$ 10 all the way down to 0.10 L$ (i used to be one of the major shareholders) back when she did her first secondary, i could smell the greedy character back then, not sure if many people are aware what she did, when she did that secondary there was no anouncement before it AND she printed millions of shares to herself and other insiders (without injecting cash or any other assets into the company) totaly devaluating any shareholder value.

Anybody who knew that fact about LNL's secondary should know that it's time to dump, this boat aint gonna float for too long, but ofcourse back then nobody thought about that except fools like me.

In other words, the effects that WSE caused was not avoidable, it's sad that it happened that way (the exchange itself beeing the largest scam), but it would happen anyways, the exchange would allow lindsay, cadence or jasper tizzy to list and the average sl user would buy into such crap.

Cadence was not the last fraud slmarkets will see, hopefully with the lack of liquidity we have made exchanges so unattractive to criminals, they wont list atleast for a while.

Thats just my few cents,

or if you want the short version: WALLSTREET has to have walls to keep the public out of it.

in topic Database On Financial Events by Andy Grant ]]> Wed, 12 Nov 2008 17:23:07 -0800 http://slcapex.com/forums/topic/general/2378/17288 http://slcapex.com/forums/topic/general/2378
You're glass seems half full, always the best attitude.

I'm still not sure how you can spin WSE and Lindsay Druart as a positive for the stock exchanges.

CB




in topic Database On Financial Events by Cayman Beaumont ]]> Wed, 12 Nov 2008 15:44:08 -0800 http://slcapex.com/forums/topic/general/2378/17285 http://slcapex.com/forums/topic/general/2378
My view is all these events were positive, here's what happened:

- Gambling ban removed alot of competition for game creators, making it by far more profitable (it also removed CEO's who financed their dividend payments or bank deposit payments by playing highstakes poker at myth's poker rooms, two major examples of such: Chao Mu and Midas Commons)

- Banking ban bancrupted all banks wich operated with a "Current Ratio" below 1 (and 99,99% of them did) aswell as "banks of banks" (in other words banks who paid % becuase they put all their depositors cash in some other bank and that other bank put all their depositors cash in some other bank wich mostlikely did same, pointless and dangerous cycle.

- Changes to pricing of land and openspace tier, proved that too many had dangerously undiversified land portfolios (putting all bets in openspace basket = not a good idea, not sustainable)

Some of those who survived these events will most likely survive future events, but as usual most will fail.

Hopefully such historic reports as proposed by iV, will allow investors and ceo's to see why ceo's of the past failed and avoid repeating the mistakes.


thats just my 0.019 cents

in topic Database On Financial Events by Andy Grant ]]> Wed, 12 Nov 2008 14:24:45 -0800 http://slcapex.com/forums/topic/general/2378/17284 http://slcapex.com/forums/topic/general/2378
Can you give a little bit of additional insight into your vision. How do you plan to display the content. Are you thinking of a wiki concept?

So far you've highlighted only the negative influences, there must be some positive new stories, aren't there?

CB

in topic Database On Financial Events by Cayman Beaumont ]]> Wed, 12 Nov 2008 14:04:38 -0800 http://slcapex.com/forums/topic/general/2378/17283 http://slcapex.com/forums/topic/general/2378
http://sl-newspaper-bnc.blogspot.com/2008/09/history-of-sl-banking-section-finished.html

Looks like they already launched since September.

Question to everyone would be, is this what was originally expected? Is the "Museum" a good idea? Does it provide sufficient detail?

I plan to take a tour myself shortly and will provide my insights.

However, would this Museum still exist a few months from now? Afterall, they would have to account for tier expenses.
Having this information in a database on a website would be not only cheaper, but more user-friendly.

Thoughts?

iV

in topic Database On Financial Events by iVentures Volitant ]]> Wed, 12 Nov 2008 12:45:27 -0800 http://slcapex.com/forums/topic/general/2378/17281 http://slcapex.com/forums/topic/general/2378 http://www.ace-exchange.com/forums/topic/83

Worth a read.

CB

in topic Database On Financial Events by Cayman Beaumont ]]> Wed, 12 Nov 2008 12:40:46 -0800 http://slcapex.com/forums/topic/general/2378/17280 http://slcapex.com/forums/topic/general/2378
As I told you we stopped our project to avoid any bias or any accusation to post the "dirty laundry" following an hidden agenda.

Now that you're taking up the challenge (I hope you will) our contribution will be to provide raw facts without any comment from our side. This may actually work.

I'm grateful for what you're doing here.

Samantha Goldflake
VSTEX Communication and Public Relations Director
http://www.vstex.net

in topic Database On Financial Events by Samantha Goldflake ]]> Wed, 12 Nov 2008 11:12:41 -0800 http://slcapex.com/forums/topic/general/2378/17279 http://slcapex.com/forums/topic/general/2375
iV

in topic An open letter to SL financial institutions and operators by iVentures Volitant ]]> Wed, 12 Nov 2008 11:10:03 -0800 http://slcapex.com/forums/topic/general/2375/17278 http://slcapex.com/forums/topic/general/2378
Regarding my familiarity of the financial market, this would include:
- gambling ban
- banking ban (affecting Ginko Financial, JT Financial, etc)
- SLEC
- Exchanges including WSE, L&L Global Exchange defaulting, and AVIX/SL CAPEX buyout. (The reason why I included gambling ban is because about a quarter of the IPOs were operating casinos in WSE, but not many investors knew this.)
- Currency: How about the valuation of Lindens back in 2007? How about WIC?

Wouldn’t the market like to know the details behind all of these events? How about which of the companies were delisted and why they were delisted? Any control measures and/or standards in place?

Of course there are much more events unaccounted for, which is where the financial market comes in.

One such as myself can utilize the SL financial publications (SLR, SLNN, and financial Forums) and consolidate the necessary information. However, contributions from the financial market would be best to ensure the quality of information is provided. All of this information will be available for free to the financial market of course.

iV

in topic Database On Financial Events by iVentures Volitant ]]> Wed, 12 Nov 2008 11:07:28 -0800 http://slcapex.com/forums/topic/general/2378/17277 http://slcapex.com/forums/topic/general/2378
May take a while, no guarantees. However if you're serious about this project (and I know you are), we'll contribute to it.

Regards,

Samantha Goldflake
VSTEX Communication and Public Relations Director
http://www.vstex.net

in topic Database On Financial Events by Samantha Goldflake ]]> Wed, 12 Nov 2008 10:32:50 -0800 http://slcapex.com/forums/topic/general/2378/17275 http://slcapex.com/forums/topic/general/2378
I am considering a library or University to capture such events for the public and including any standards that exist. Are any of these currently available? Over the past few months, I have been asked several times regarding the events that happened in the financial community and it would beneficial if a database with these events recorded exists. Consider a goto source for such information.

Of course, many can utilize the Exchange’s Forums and SL publications including SLR, SLNN, etc.

Would anybody be interested in contributing to writing such articles?

I will open this discussion to the market.

iV

in topic Database On Financial Events by iVentures Volitant ]]> Wed, 12 Nov 2008 10:17:52 -0800 http://slcapex.com/forums/topic/general/2378/17273 http://slcapex.com/forums/topic/general/2375
As you said. this concept has been long over due. So we're doing it in answer to a need.

I'll reiterate that this will have to be an open forum to work on acceptable standards. No enforcing, no putting down of whomever won't follow.

And the experienced trader will have as much citizenship in the group as the exchange will. The process will have to be as simple as "come up with ideas, focus on ideas, implement ideas".

Maybe I'm putting it too simple :D

We want everyone to give a contribution. Of ideas, save your money for your Xmas gifts. Everyone is welcome. There won't be "founders", "special members", "VIPs" or whatsoever.

If we get enough positive feedback will try to facilitate the process of having everyone meet and share ideas, while this concept will be developed. Who wants to be in or just wants to have a look/be kept up to date, we'll use email in the first phase.

So please send us your email address.

Samantha Goldflake
VSTEX Communication and Public Relations Director
http://www.vstex.net

in topic An open letter to SL financial institutions and operators by Samantha Goldflake ]]> Wed, 12 Nov 2008 08:07:46 -0800 http://slcapex.com/forums/topic/general/2375/17270 http://slcapex.com/forums/topic/general/2375
Just my .20 L

in topic An open letter to SL financial institutions and operators by SynCere Talon ]]> Wed, 12 Nov 2008 07:56:46 -0800 http://slcapex.com/forums/topic/general/2375/17269 http://slcapex.com/forums/topic/general/2375
We've seen the bans and the policies changes from Linden Lab, the widespread financial scandals and all the many issues every stock market has faced.

Right now, the financial sector is in a situation where every stock exchange will stand up once every while presenting its achievements and successes to the general public, a situation where we can still find businesses willing to go public and launch their IPO, a situation where some people will give a try at reviving public shells, or giving a continuity to endangered companies.

We could go on like this for an undefined amount of time; months, years. By operating in Second Life we're bound to Linden Labs and their policies changes. At this point one could bring up other synthetic worlds, but this won't be the main topic of this open letter.

Following up with the many issues we've had to deal with and using our foresight, the VSTEX has been growing strong as a SRO (Self-Regulatory Organization), with an extensive set of rules and policies modeled after "real life" stock market rules, policies and laws. That was a due answer to issues, but far away from being a complete solution for the whole SL financial sector.

As far as we can see it, current SL stock exchanges and companies trying to go public are fighting over a limited set of resources. There could be way more money circulating in SL finances and one can't blame it all on the gambling and banking bans, or other policies changes from Linden Lab.

The current situation reminds us of the Italian city states we had in our country (the VSTEX was born and operates in Italy), before the Italian Renaissance. Right now every exchange is an independent entity; methods, procedures, regulations are not common and can vary a lot from exchange to exchange. Every exchange is like a city state.

It's our belief that such a situation is detrimental for a thriving financial sector. It adds to people (businesses, investors and so on) uncertainity, it doesn't help with building overall confidence.

As written earlier, we could go on like this for an undefined amount of time, even for a long one. Still, it is about time to be proactive about restoring and improving investors confidence.

Even in the recent past some attempts have been made. We can recall courses for investors, businesses and in the not so recent past, a regulatory body. In the long run, all of the attempts made have failed to achieve solid results.

What about the options left then? We believe there's at least one path never tried before and it may be worth some efforts from every organization operating in the SL financial sector.

The VSTEX would like to promote an open consortium working on methods, procedures and guidelines for stock exchanges, financial institutions at large, public companies.

This new entity shall be an international consortium where Member organizations and the public work together to develop standards. Consortium's mission shall be:

To lead the SL financial sector to its full potential by developing protocols and guidelines that ensure long-term growth for the sector itself.

The Consortium shall primarily pursue its mission through the creation of standards and guidelines.

The Consortium shall also engage in education and outreach, promote business ethics, and serve as an open forum for discussion about the SL financial sector. In order for the SL financial sector to reach its full potential, the most fundamental rules and policies used by financial institutions must be compatible with one another and allow easy understanding while facilitating the circulation of capitals. The Consortium shall refer to this goal as “financial markets interoperability.” By publishing open (non-proprietary) standards for rules, policies and protocols, the Consortium shall seek to avoid market fragmentation and thus fragmentation of the whole SL financial sector.

This is the general idea of our vision for an open consortium, which won't be a regulatory body issuing fines or statements against members or third parties for non compliance. The Consortium shall be a place where people meet and work on common, shared frameworks for rules and policies.

We believe that some degree of standardization will do wonders and it's time for the SL financial institutions to get our of their "city state" and work together for the greater good of everyone.

The Consortium shall be a group where all Members are equal. Also, for institutions looking to reach out for new synthetic worlds, the Consortium shall be a foundation to start with the right foot into new ventures.

Now that our proposal has been thrown to everyone, we'll be waiting for feedback. We'll try to follow up on the many forums and websites, making at the same time our email communication@vstex.net available for this special purpose.

Samantha Goldflake
VSTEX Communication and Public Relations Director
http://www.vstex.net

in topic An open letter to SL financial institutions and operators by Samantha Goldflake ]]> Wed, 12 Nov 2008 04:33:22 -0800 http://slcapex.com/forums/topic/general/2375/17267 http://slcapex.com/forums/topic/general/2157
WSE: IMPORTANT - MARKET TRADING HALT
from World Stock Exchange - Front Page News
IMPORTANT ANNOUNCEMENT

A market trading halt has been placed on all WSE Listed Entities pending an important announcement.

The announcement will be released to the market on Sunday 30th November 2008.

http://www.wselive.com/research/announcement_detail/3598

I reckon NASDAQ ready to strike?

in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Cayman Beaumont ]]> Sun, 09 Nov 2008 07:16:04 -0800 http://slcapex.com/forums/topic/general/2157/17239 http://slcapex.com/forums/topic/general/2157
Ironic, isn't it? Rather prophetic in that just as the first peeps of the debt crisis start being heard, SL bans the banks and the SL financial community tanks. It'll be just as Darwinian as it is in the RW, as bubbles burst (mortgages, tech, railroads, telephone, flower bulbs), flimsy business plans and weak organizations will dissipate, but those strong enough survive, many of which grow stronger.

WSE seemed to grow flimsier as it went, with Luke fabricating an increasingly dissociated financial fantasy. The effects of our current RW slowdown has yet to be fully felt in SL, but the earlier bank ban has made those who remain a bit leaner and meaner.



in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Revolvo Rotaru ]]> Sat, 08 Nov 2008 09:58:30 -0800 http://slcapex.com/forums/topic/general/2157/17226 http://slcapex.com/forums/topic/general/2157
I don't think anyone would have lost enough by themselves to warrant legal action so nothing is ever going to happen to Luke. He would know that as he has already seen N Pontacarrero get away with the ginko fiasco.

What I am surprised about though is that there has been no mention of it at all in mainstream media, seems like the perfect story for 60 minutes to cover.

in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Itchy Gamba ]]> Sat, 08 Nov 2008 08:22:20 -0800 http://slcapex.com/forums/topic/general/2157/17225 http://slcapex.com/forums/topic/general/2157
1. WSE was closed for 7 months, and a new Facebook application was developed. Despite the performance of the WSE, the FB app is actually pretty cool. It was probably expensive to create. Not to mention the "improvements" to the WSE website.

2. Hope Capital island is gone, presumably because of the $295 per month tier fee.

3. Luke Connell has taken a full-time job, at a call center no less. Which suggests that he needed a regular income. As far as I know, Luke did not have a job in the year prior to taking this one, so I will leave you all to speculate how he managed to pay his rent and eat.

4. WSE has never opened up the WIC for withdrawals. I strongly doubt that anyone deposited anything substantial into the WICE - all of the trading that has happened since the reopen has likely been on existing balances. Since there are probably no assets under the WIC, the WSE was therefore generating anemic commission fees in a currency without value. In other words, has made no revenue at all in almost a year now.

Bottom line: WSE is broke, and has been for a long time. It will never be able to refund investors' balances. Luke spent the money - we don't know exactly how - but clearly it is all gone.

As an interesting sidenote, and in answer to the occasional calls to "sue Luke" - the fact that he and the WSE are likely broke make is extremely unlikely that he will ever be sued. Unless someone who is independently wealthy decides to spend $10,000 and 2 years to make a point.

Although it kills me to say, I think we have to be fair and say that Luke was ONE of the things that drove what was once a dynamic and fun community into the ground. There have been dozens of scammers on the SL financial scene that have done their part as well.

The real shame in all of this is that if Luke could have seen past his own ego, the WSE could have been a tremendous success. I guess we'll never know.

But everyone, throw your WICS onto the bonfire - at least you can get a little heat from them before they go poof.

dd


in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Delicious Demar ]]> Sat, 08 Nov 2008 06:26:06 -0800 http://slcapex.com/forums/topic/general/2157/17224 http://slcapex.com/forums/topic/general/2157
For me the real issue is what did luke do with all the Lindens he emtied from everyones account? There had to be hundreds of throusands of Lindens in deposits - more realistically I would say into the millions.

Why is he allowed to steal - yes STEAL everyones Lindens? No one gave him permission to take THEIR money. We all can see now he isnt qualified to run a lemonaid stand - let alone a stock exchange. Why did Linden Labs allow this to happen? Why did we all allow this to happen?

Luke has driven what was once a dynamic and fun community exchange into the ground single handedly - it is a disaster of epic porportions - most people couldnt have messed it up that bad even if they tried......

Anyway guess we have to wait for the 20,000,000000 WIC dividend that will be generated by the new 100,000,0000 users.

Cheers

Ivan

in topic OP/Ed and Commentary re; WSE - World Stock Exchange by Ivan Halfpint ]]> Sat, 08 Nov 2008 05:59:55 -0800 http://slcapex.com/forums/topic/general/2157/17223 http://slcapex.com/forums/topic/general/2368
Not sure how to word this message so I will just get to the point.

I own VHEA - Virtual Horizons Employment Agency.
I have listed my company VHE on the Vstex Exchange and am in IPO. http://www.vstex.net/IPO

I would appreciate it if you would take the time to view my proposal.

Thank you,
Mystic Handrick


in topic Looking for shareholders.... by Mystic Handrick ]]> Fri, 07 Nov 2008 17:51:27 -0800 http://slcapex.com/forums/topic/general/2368/17219 http://slcapex.com/forums/topic/general/2157
However, it is time, I think, to sound the death knell.

In the last two days, three more companies have delisted from the WSE (FVS, FKH, and as you all know ALC). This leaves only the following companies remaining on the WSE, aside from the two companies that ARE the WSE.

PPL: The People Pool, CEO Erik Goff.
AMI: Action Mortgage and Investment, CEO Adonis Action
RDX: Redux Technologies, CEO Redux Dengaku
SNE, Sarah Nerd Estates, CEO Sarah Nerd
RLX: Real Life Investment (ouch), CEO Guybrush Taiyou

That's it. The once mighty WSE is a sad ruin. Luke has apparently abandoned the project, as witnessed by the fact that a delisting announcement from ALC has been up for over 24 hours, and we all know that Luke will delete it as soon as he sees it. Which means, that he has not even logged onto the WSE since then.

In particular, the WSE seems to have abandoned Second Life. Very quietly, some time in the last couple of weeks, Luke removed all of the pre-IPO companies that are based in SL from the list of applications, and has left only the one real-life company that is seeking to conquer the global construction world with seed money from the WSE. lol.

Perhaps it is petty, and perhaps it is small, but I am happy tonight. As you all know, my opinions on the WSE are strong, and have been shared with whomever I could reach over the last 4 months, since just before the WSE reopened. I have both posted publicly, and worked privately to ensure that Second Lifers knew that the WSE was not to be trusted. I am not arrogant enough to believe that my efforts yielded particularly significant results, but I take a measure of satisfaction nonetheless in the failure of the WSE to gain any traction in the financial community in SL during that time.

People have their opinions about Luke Connell. I, for one, have never believed that Luke came into this with any ill intent. I do not think he started out as a scammer or a fraud. I do think that he suffers from some fundamental flaws of character, which he could not overcome, and indeed seems unaware of, that have, and always will (unless addressed) lead to failure.

These flaws of character led him