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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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