WSE Still Down, SLWallet Buyback Still Awaited
Real life is still happening all around me at a frantic pace, so I haven't been able to do as much as I would want within Second Life. Ciaran Laval notes the unfair marketplace practices, which is true on the Linden Lab side of things - but 2 things, as noted in the title, are quite simply not happening.
First of all, WSE remains closed - now for 4 months despite promises and platitudes. I'm fairly certain that the only people surprised at this point are a minority that LukeConnell Vandeverre has assuaged into staying or threatened with having them lose their work (or something in the middle?). However that works, it quite simply doesn't look too awfully good.
And SLCapEx's SL Wallet is beginning to be doubted severely, with prices dropping despite 2 buybacks in the past. Arbitrage Wise posted that a shareholders meeting is supposed to happen this week, but I strongly suspect more people are wondering about the buyback. Full disclosure: I've got shares there, trying to compensate for my losses when JT Financial became SLWallet. However, I am not day trading - I am being bullish with spare change.
It begins to be a little disturbing when I mention WSE and SLWallet in the same breath, but there it is. There is absolutely no evidence to support SLWallet at this time, and even with promises of a shareholder meeting... things do not look well right now for WSE Live and SLWallet.
Technorati Tags: Business Metaverse SecondLife SL Capital Exchange Stock Exchange WSE SLWallet Arbitrage Wise LukeConnell Vandeverre WSE Live World Stock Exchange SLCapEx
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No idea
There are so many unanswered questions over these issues. First of all WSE, it was only supposed to be gone for 45 days.
I'm surprised about the issue over SL Wallet, that was supposed to be in the pipeline before the bank ban.
Connell
Ciaran, when you say "The WSE was only suppose to be down for 45 days" I think you misunderstood the golden rule of Second Life. Take anything the Luke Connell writes and use it as toilet paper*.
*This comment does not adhere to Hope Capital Terms and Conditions or virtues.
One of the problems we are
One of the problems we are facing now is that we over-extended ourselves when the initial bank run started that we left little resource and capital to help us continue the business. In the last 1-2 months, we have also attempted to negotiate various deals and options with 3rd parties and were waiting for the companies' answers. Our shareholder's meeting this week will provide some forward guidance into what we have been attempting to do, and what we will be doing in the coming months.