February 29, 2008 by Nobody Fugazi
Posted in
Since WSE's announcement on a later opening date as well as a divorce from the Linden Dollar to their own fictional currency, a few interesting things have happened such as Kush Islands (HOT) delisting - they started on SLCapEx today. Mainostaulu Network (MAI) has also delisted, and I've heard from more than one (and less than 10) CEOs that are considering delisting from WSE.
When Arbitrage Wise (of SLCapEx) and I spoke, he told me:
...We're doing a grace period between now and March 15 where we won't charge any IPO/Listing fees. We're also starting up our Market Maker program again where CEOs get a % of the daily commission that we make on their traded stocks...
VSTEX is offering a special - which you can read about here - with the key part of it being:
For a limited time period, every company relisting from the WSE will benefit of a 10% discount over our transfer fees.
It seems that WSE's stagnation, despite Luke's address right now, is creating motion elsewhere.
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VSTEX relisting fees waived until the end of March
With immediate effect, all accepted relistings from any other exchange, will have the whole transfer fee waived (100% discount).
Samantha Goldflake - Director
VSTEX Communication and Public Relations
http://www.vstex.net
Relistings to ACE have always been free
Unlike others, ACE has always accepted relistings for zero fee. Likewise we have no withdrawal limits, 100% reserves on deposits. We believe its your money, you decide how to invest it, were not going to hold onto it or play games with it.
IntLibber Brautigan
Chairman, Ancapistan Capital Exchange
Just for the records
It's not like we do have withdrawal limits and no 100% reserve. Since we started, people have been free to withdraw 100% of their money, 24/7.
So, we're on the same field there.
About relisting fees, we used to accept relistings free of charge, but due to some unpleasant experiences of the (recent) past we found out that it would have been better to set up relisting fees because:
- 50% of the relisting fee goes to a risk fund held by us in the name of the company, to protect their investors. This puts relisted companies about on the same level of shareholder protection other companies which had their IPO with us offer
- a relisting fee can be a barrier for companies who may be moving from exchange to exchange in order to avoid new regulations introduced by their original exchange
We knew the ACE had no relisting fees, but that wasn't an issue. SLCAPEX move kinda forced our hand, but that's what you get with competition and we don't mind it.
On a sidenote, what about removing any reference to us in the BNT/ACE and the likes classified ads?
Thanks for complying.
Samantha Goldflake - Director
VSTEX Communication and Public Relations
http://www.vstex.net
Good to know.
I recall hearing something about that some time in the past.
Second Life Consultant