Subscribe to this topicForums > General Investment Discussion > Topic: DDE Delists from WSE
| Mar 20th 2008, 05:18 Ivan Halfpint |
DDE Delists from WSE | |
| There goes the Big Cahuna: DDE is delisting from WSE Submitted by: Delicious Demar Enterprises (DDE) Date: March 20, 2008 After careful thought and consideration, I have decided to delist Delicious Demar Enterprises (DDE) from the WSE. DDE's time on WSE has been tremendous - the exchange has allowed the business to grow rapidly over the last year, and as you all know, we have met with some success and revenues and profits have for the most part been on a steady increase over that time. With the launch of WSE 4.0 around the corner, WSE is entering a new phase of growth by rapidly expanding the user base, and I think the opportunities for companies on the exchange are excellent. I think that they will be able to leverage the new pool of fictional currency that will be available, and take their companies to the next level. Over the last year, my commitments in real life have grown, and as I have mentioned in the past, DDE has entered a holding pattern - the business is at a manageable size now - just! I have decided that I do not want to expand DDE any more, because I simply can't afford the time to give expansion the attention it would need to succeed. At some point in the future, I will be planning a slow and ordered withdrawal from the land business. It has been a great run, but eventually it will be time to move on to something new in Second Life. Because of this, and in light of recent events surrounding DDE, in good conscience, I cannot stay on the WSE any longer. I encourage all shareholders to join the Delicious Demar Enterprises group - I will be calling shareholder meetings through this group in the coming days/weeks to decide how to manage shareholder interests privately, and will seek your advice on how to proceed to ensure that your interests and investment are protected. I will be contacting major shareholders directly as well. You can trust me to treat you all fairly, and keep the same high ethical standards that have always been the hallmark of DDE. Please feel free to IM me with questions or comments - I apologize in advance if it takes some time to respond to you - I am sometimes buried in an IM avalanche... lol Thank you all for everything. Best of luck to all of the companies on the WSE. See you in the metaverse! Yours Sincerely, Delicious Demar |
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| Mar 20th 2008, 06:24 Servme Nakamura |
Re: DDE Delists from WSE | |
| It'll result in others following quickly. DD was and is as Ivan states so nicely the "big cahuna" and many were looking at her decision when it came to WSE. Managing everything privately will take quite some time, but it also shows that she seems convinced that a stock exchange in itself is not a necessity once you have the investors aboard. It may make getting in as an investor in DDE more difficult though, but going by her statement about not planning further expansion and even a slow move away from land, new investors may not be needed at all. How things will be managed remains to be seen, but this is a serious blow to WSE for sure. |
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| Mar 20th 2008, 06:50 Lindsay Druart |
Re: DDE Delists from WSE | |
| Glad she finally did it. I think she was one of the last first 25 that came into WSE. YEP, LLL, and most of the others either went bankrupt or left. WSE is crumbling to its knees. | ||
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| Mar 20th 2008, 07:28 Jimmy Bligh |
Re: DDE Delists from WSE | |
| If the WSE World Scam Exchange ever does open back up, the only companies left will be HCL HCB & WTF. | ||
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| Mar 20th 2008, 09:49 Isegrim Nikolaidis |
Re: DDE Delists from WSE
Edited by author Mar 20th 2008, 09:49 |
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| Well it goes to show that SL is not ready yet to support ambitions of these proportions. Luke flew too close to the sun and his wax wings melted, he is only flapping with his bare arms now. But little would he care I guess with all the money he seems to have gotten out of it. |
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| Mar 20th 2008, 10:16 iVentures Volitant |
Re: DDE Delists from WSE
Edited by author Mar 20th 2008, 10:17 |
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| Good for DDE, but what would happen with the DDE existing shareholders? No buyback? I'm just wondering how a company can just decide to delist themselves and become private again without a buyback. It mentions about proceeding to ensure shareholders interests and that their investments are protected. Did I miss something? iVentures |
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| Mar 20th 2008, 10:26 Ivan Halfpint |
Re: DDE Delists from WSE | |
| DD will take care of her shareholders she is among the most respected CEO's on SL. She made the right decision - and I can assure you she will do right by her shareholders. |
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| Mar 20th 2008, 12:21 Ashleigh Wade |
Re: DDE Delists from WSE
Edited by author Mar 20th 2008, 12:27 |
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| Actually it wouldn't be that hard to go private if you do it right. The idea would be to buy out the minor holders and eliminate those shares from float. The remaining larger shareholders then become equity partners in a smaller, more managable structure. In Delicious's case it might be harder to manage because DDE was broadly held, but I'm sure that her cash flow would handle this approach on a fairly rapid basis. It the large holders are on board then this process is pretty painless. Delisting first is most likely her attempt at asserting control so she can manage the process rather than having Luke manage it for her. |
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| Mar 20th 2008, 14:55 Jimmy Bligh |
Re: DDE Delists from WSE | |
| I encourage all shareholders to join the Delicious Demar Enterprises group - I will be calling shareholder meetings through this group in the coming days/weeks to decide how to manage shareholder interests privately, and will seek your advice on how to proceed to ensure that your interests and investment are protected. I will be contacting major shareholders directly as well. You can trust me to treat you all fairly, and keep the same high ethical standards that have always been the hallmark of DDE. I dont think it will be a private company, but Im sure it will be explained at the shareholders meeting. |
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| Mar 22nd 2008, 00:03 Delicious Demar |
Re: DDE Delists from WSE
Edited by author Mar 22nd 2008, 00:26 |
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| Hi all :-) I am a very small cahuna, honestly... I am trying to spread a wide net of communication to catch as many ppl as possible. As Jimmy has quoted - if you own shares in DDE I would really encourage you to join the Delicious Demar Enterprises group inworld - it will be the main inworld vehicle for information. also, I have a blog where I will post everything: http://deliciousdemar.blogspot.com The decision to delist from WSE was taken very carefully, after a long and very productive conversation with Luke Connell. It reflects nothing more than my desire to wind down public operations of the company in a thoughtful and controlled manner (stress on the word "controlled") over the next year or so. It is my intention to seek shareholder feedback through a variety of means over the coming couple of weeks, and to make a final decision about how this is to occur. I hope all DDE investors will be assured that whatever happens, their ownership of DDE will be respected, and they will receive fair value for any holdings in the company they may have. Essentially, in response to another poster, this is a buyback strategy, the specific of which have not been decided yet. However, as always, I will talk to shareholders first - no firm decisions have been made yet, and I am willing to listen to all options before making a decision - it is possible that DDE will continue as a publicly held company, with a smaller group of investors. I tend to take my time and weigh all options before making a decision, and then once it is made, move quickly to implement it. At this point, I am in the "weighing of options" mode. If anyone has any questions or suggestions, please contact me, or leave a comment on the blog. A to anyone wondering why a post here? I have been an investor on this exchange for quite a while now - albeit in a small way. I lurk on the forums quite often - lol. best of luck to all, and you can trust me to maintain the ethical standards that I have followed throughout the almost two years that DDE has been in operation. dd |
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