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Capex Update 31st March - 7th April 2008

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Written by SL Hak   
Monday, 07 April 2008

 
www.slcapex.com

By SL Hak

Capex brought relief to many traders with the removal of the Sky Power Fund (POW) halt. The gossip on the Capex forums is that former CEO SkyRanger Hammerer has skipped Second Life. I've personally not attempted to track him down but maybe a rich investor should offer a reward for information or should he be allowed to go quietly? It is unclear at this stage if CEO Sully Okelly will remain at the helm, whatever he decides he must be applauded for POW's rescue as its prospects without this move was extremely bleak.

Capex showed courage and leadership in permitting this hostile takeover, their officials are often the subject of constant criticism but credit should be acknowledged when earned. Capex's actions should also be taken as a warning across the bow for future transgressors! However questions remain of their ability to find a resolution for the trading halt of both Yellow Paperclip Corp (YEP) and Riot Mechs (MECH) who continue to flounder with their financial returns. I'm not sure if there is more to this story, if there isn't, then I'm sure shareholders would appreciate the removal of the halt while these seemingly minor issues are resolved.

 

 

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SL Insurance - Is There a Future?

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Written by SL Hak   
Saturday, 05 April 2008

 
http://www.therockinsurance.com

By SL Hak

The Rock Insurance Co. has gone silent recently a far cry from the summer of 2007, when they commenced offering insurance policies to SL Residents. These insurance policies were offered for deposits held at selected SL Banks. This was a brave and innovative move considering the murky world of SL Banking and especially as they were offering customers a full refund. There is no question they needed to keep a close eye on potential abuse.

The Rock Insurance attempted to mitigate their risk by closely monitoring the banks and seemed to perform this task with quiet professionalism. They offered competitive rates, which the wise could offset against the favorable interest payments received from the banks. If the investor trusted The Rock, insurance should have been a given.

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Working Worlds sets a rendezvous for employment!

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Written by Cornelia den Hartog   
Tuesday, 18 March 2008

 

On May 29, Working Worlds sets a rendezvous for employment !

The virtual recruitment exhibition opens its doors to the Benelux countries.

Encouraged by the tremendous success of the first edition, the Luxembourg based company "GAX Technologies SA" is expanding the organization of its recruitment exhibition on the Second Life platform, to the Benelux countries.

The biggest employers in Belgium, the Netherlands and the Grand Duchy of Luxembourg will attend, and will receive the candidates in their virtual offices or in the Business Center that Working Worlds makes available to Internet users.

This new method of recruitment, very in tune with our modes of communication, has now become essential!

Candidates from all over the world will be present.

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BNT Financial Resolution Plan

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Written by Xavier Mohr   
Thursday, 28 February 2008

On February 25th, IntLibber Brautigan released a comprehensive resolution plan for depositors of BNT Financial, formerly Meta Bank, which experienced various ongoing issues prior to closing in wake of the Linden Lab banking ban enacted on January 22, 2008.

Per the announcement:

Resolution of BNT Financial and Its Depositors

As we all know, Linden Lab banned payment of interest, which has made operating as a bank in SL well nigh impossible without gimmicks like "bonus points" which are of dubious legality. We attempted to implement Contractum Trinius for BNT Financial to keep operating under limited withdrawals, but Linden Lab has expressed their dislike for that policy as well, and we are not prepared to engage in a legal battle to prove the point.

Last Updated ( Thursday, 28 February 2008 )
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Overhaul at ISE adds interactivity features to site

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Written by Xavier Mohr   
Thursday, 28 February 2008

International Stock Exchange CEO Cocky Dagger has rolled out what promises to be the first of many new additions, changes, and features to the Second Life securities exchange website.

Included amongst the most recent additions are forums, games, chat, and a communal image gallery... all of which can be accessed from the "Forum" menu, through a standard account login and password, at the main website.

New discussion boards include investment forums for each of the ISE-listed companies, a "Coffee Break" forum for general chit-chat, and other interesting topics.

We'll keep you updated as ISE implements new changes in the future.

For more information, visit www.intlstockexchange.com.

Last Updated ( Thursday, 28 February 2008 )
 
New CTO at CapEx

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Written by Xavier Mohr   
Wednesday, 27 February 2008

The SL Capital Exchange has selected Chango Kanto as its new Chief Technology Officer, according to an announcement at the exchange website last night. In compensation for his efforts, Kanto has received 19,000,000 shares of the exchange – roughly 25% ownership of the organization.

The move comes in response to the recent resignation of AVIX developer and longtime CapEx figurehead Unoti Quonset, who resigned in wake of the Linden Lab banking ban on January 15th. In his resignation, Quonset cited a desire for his company to "focus on new products and services."

Per an announcement from Arbitrage Wise:

SL Capital Exchange Welcomes its new CTO

On behalf of the SL Capital Exchange, I would like to welcome Chango Kanto as our new CTO. Chango's role will be to enhance the SLCX platform and develop additional features that will add long-term value to the the company. In joining the SLCX team, Chango will become an equity partner of SLCX, and will receive 25% of the business, to be issued from my personal portfolio. In doing so, we hope to add value to SLCX at no additional costs to our shareholders. We have listed Chango's skills and accomplishments below. Once again, we hope that you will join us in welcoming Chango Kanto to the SLCapex family.

-Arbitrage Wise

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