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Dorothy Oyen contemplates slow-moving IPO at International Stock Exchange (SL Reports) 

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Written by Xavier Mohr   
Sunday, 02 September 2007

SECOND LIFE, SL REPORTS, 2 SEPTEMBER 2007 - In response to the slow-moving initial public offering of Dorothy Oyen Buildings (ISE: DOB), company CEO Dorothy Oyen posted an announcement today at the International Stock Exchange (ISE) website calling on investors to share their thoughts on the future of the company's public listing.

Per the announcement :

Gents,

Feel free to give any comments on this release, as I would like to use it as a barometer for the stock market.

A month ago, I opened the IPO for DOB on ISE. But due to some idiot behaviour of people on the stock market in SL, and probably as the proposed business case doesn't attract those short term investors, I see that IPO evolve very slowly.

This bothers me, as it has currently come to a point, that the evolution of the IPO brings in jeopardy the long term business plan I had build for the company DOB.

I don't want to bring down the amount of shares to the amount currently sold, and release the IPO and DOB on the stock exchange, but I also don't want to tie up the money of people who have already entered their investment in this IPO.

Therefor I put this open question to you all here members of the ISE Stock Exchange.

"Ought I to decide to roll back the IPO in its current state, and issue a new one, although I personally find this creating an abyss to loose your trust in in DOB? Or do I keep this IPO open, even at the very slow rate it is evolving?"

I know, I don't promise a wonder investment, but I ask people to look on long term for the result of their investment. But is this approach a correct approach, or are the most of the people here on the stock exchange rather of that type that they oly dare to enter investments on real short terms.

To give you an image of the current situation, had the IPO been filled by the end of August, a first minimal dividend of 0.06 L$ could have been released in the beginning of September. This due to the fact of the fulfilled orders by DOB who provided a decent income in the company.

Please feel free to give here your remarks, comments, and advice.

Regards,

Dorothy Oyen


The International Stock Exchange has been plagued with drama of late, with the release of Rule 144, voluntary delisting of numerous companies who have since moved to VSTEX.net , and abnormally low volume.

While there seems to be a loss of investor confidence at ISE, the exchange is still regarded as one of Second Life's most trusted financial institutions.

Stay tuned to SLReports.net for the latest.

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Cadence Juran   | 2007-09-02 17:21:09
"The International Stock Exchange has been plagued with drama of late, with the release of Rule 144, voluntary delisting of numerous companies who have since moved to VSTEX.net , and abnormally low volume.

While there seems to be a loss of investor confidence at ISE, the exchange is still regarded as one of Second Life's most trusted financial institutions."

With the enforcement of SL Rule 144, the ISE has been able to root out the stock price manipulation scheme that had contributed to a certain percentage of trading volume. In fact, investor confidence is on a steady climb due to SL Rule 144, which now allows investors insight into insider trading practices with any of the listed companies on the ISE and deters from future stock price manipulation.

The investment/financial markets overall are still feeling the effects of the Ginko scandal and until we all work together as a community to ensure transparency and ethcial business & trading practices, all of the solid investment exchanges and banks will continue to be at risk.
Xavier Mohr     | 2007-09-02 17:33:42
Rule 144 is a great thing, Cadence, I agree.

At CapEx, I do no trading under my "Xavier Mohr" account. I do have several alts that I trade with privately, though. I have even at times owned my own stock. It is nothing that I would ever hide or be ashamed of, though. They were all legit transactions done with no intention of market manipulation.

The bottom line is that if you have nothing to hide in your financial transactions, you should not be afraid of having them released publicly. It may expose your alts, but who cares? You always have a mute button and "invisible" feature where you can ignore business when you are on a private account.
Pakkia Kidd   | 2007-09-02 18:41:32
The slow sale of this IPO is just another casualty of the lack of confidence in the market. Investors have no confidence as a direct result of everything from Ginko to the recent jerks that left ISE in a tantrum that rivals my 3yo daughter on a really, really bad day.

The volume will come back. The more transparency investors see, coupled with a drought of scandals or other garbage so common of late, will result in increased confidence and trading.

Barring any setbacks, the ISE should see a tremendous increase thru the end of this year.
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Copyright (C) 2007 Alain Georgette / Copyright (C) 2006 Frantisek Hliva. All rights reserved.

Last Updated ( Sunday, 28 October 2007 )
 
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