Readers likely remember that Delicious Demar Enterprises (DDE) was one company entangled in a mass delisting after WSE CEO Lukeconnell Vandeverre (RL: Luke Connell) froze and liquidated ("delisted") several companies due to their congregating en masse without his approval to discuss key issues pertaining to their future on the WSE. DDE itself was not delisted, but the company's namesake and CEO, Delicious Demar, felt compelled to voluntarily delist.
Last week, Delicious Demar announced that Vandeverre had locked her account at some point just before the WSE's "reopening." Decrying the act as a theft of her shareholder's rightful assets(reportedly 234,000L$ PLUS share holdings), Demar summarized Vandeverre's decision as being due to her having
...an opinion that isn't popular with the owner of the WSE - i.e. that it is a highly risky endeavour, and the owner has shown himself to be without honour. In his megalomaniacal mind, that justifies the theft of OUR assets.
Since my own account was locked due to what Vandeverre has phrased "fostering a negative opinion of the WSE," I've no doubt that Demar is correct. In the months between the WSE's abrupt trading halt and reopening, we've seen more than a few instances of frozen accounts, delisted companies, and disappearing announcements.
Appearing at the end of that blog was a comment left by Ivan Halfpint, former advisor to WSE-listed Fund Second Life(FSL)-rebranded "Fund Virtual Shares(FSV)" due to copyright issues- who left due to conflicts with FSL's management in their decision to remain listed at the WSE. Halfpint provided a log of an encounter with Vandeverre, which, while excerpted, would appear to be nothing new, save for the clarification of Vandeverre's position:
(Posted with Ivan Halfpint's permission)
You=Ivan Halfpint { Read more }
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