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For SLReports.net After a month that saw the Ancapistan Capital Exchange (ACE : ACE) achieve an all-time high in web traffic, ACE(ACE) CEO Intlibber Brautigan announced today that traffic had almost doubled in November. "We have over the past two weeks seen a massive increase in website traffic to ACE, with daily hits averaging between 5,000-7,000 per day consistently," Brautigan said in the official press release, "With 57,000 hits in the past ten days, the month of november should see a total hit count of over 170,000 hits, almost twice last months record hit rate of 91,000. This demonstrates we are clearly starting to break through to the general public."
ACE has been in the news lately with it's recently teaming up as a community partner with the widely popular SL Business and Financials television show Metanomics, a nd a highly visible role in the Save Our Sims (~SOS~) Campaign. Brautigan, and within his capacity as CEO of the Ancapistan Captial Exchange (ACE), has been a major supporter of the ~SOS~ that has waged protests across Second Life and initiated a Lindex Currency Exchange Boycott since the October 27th announcement. Since the initiation of the Lindex Boycott, the ACE Currency Exchange (ACE^2) has seen a massive influx of volume, including a large number of new active accounts registered at ACE. In addition ~SOS~ has issued an IPO on ACE to raise money for a RL legal action. It is believed that the recent change in Openspace Policy may represent a breach of The Racketeer Influenced and Corrupt Organizations Act(RICO). The 1970 set of laws is most famous for being the legal apparatus that was used to cripple, and some say destroy, the Mafia's expansive grip on the USA during the middle point of the 20th Century. Both the federal and civil components allow for the recovery of treble damages (damages in triple the amount of actual/compensatory damages). Events publicizing the SOS(ACE) IPO and Legal Challenge have been going on throughout the more than 2000 Openspaces that are under attack by the Linden Labs policy change. Just days after the Openspace Policy Change was announced Brautigan appeared on the MBC News and said, "The major issue is when they changed the prim limit, when they doubled the prim limits, and they started actively promoting these as "personal getaways", not as oceans or wilderness, they promoted it as personal getaways--they sold about 10,000 with that sales marketing premise--and if there was not technical support for using these as a personal getaway, then that was false advertising and by changing the tier prices after they sold all of these Openspaces's, that makes it bait and switch which under the law is illegal. And when you are dealing with the fact that many of the Openspace owners are estate owners who are in competition with Linden Labs, then you are dealing with anti-competitive activity which is another area of the law where their actions are illegal, and may even fall under RICO statutes." Based on the Q3 financials posted yesterday by ACE(ACE), the firm lost L$22,000 during the quarter, but forecasted a Q4 profit between L$100,000 to L$150,000, and a dividend of L$0.014. ACE(ACE) has only once posted a dividend, in August of this year, totalling L$0.002665229 per share. Also, based on yesterday's financial statement, ACE(ACE)'s net asset value is L$2.12, indicating a severe market undervaluing. At today's open ACE(ACE) trading at L$0.49, more than 4.5 times less than the stated net asset value. Directly related to web traffic, Brautigan said, "We expect the adsense revenue boost alone will for the first time fully fund our web server fees, a boost in revenues of about L$50,000.00. In the last two weeks alone we have earned $65 US on adsense." Nicolo Luminos - SLReports.net Managing Editor
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