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ISE Update 15th - 26th May 2008 www.intlstockexchange.com By SL Hak Cocky Dagger has experienced better weeks on ISE and I'm sure he'd rather put this one behind him. The first issue was the ISE crash and the subsequent loss of shareholder transactions for about 40 hours, this occurred during the conversion of web server software. Cocky has explained in detail the issues causing the crash and the remedies being considered in order to retrieve this data.
Then came the announcement on the 25th May that the SL Video (SLV) IPO was being cancelled and funds returned to shareholders. This was due to an announcement the previous day by Torley Linden on how to show YouTube videos in Second Life, this included using Quicktime. As this was the basis of the IPO, Cocky withdrew the IPO immediately, this was not Cocky's finest hour but one he'll easily overcome and hopefully some other innovative products will be just around the corner. What this episode has shown is that Cocky is seeking opportunities, I'm sure it will only be time before he gets it right. Cybertek Enterprises (CBE) continue with their rapid expansion by acquiring additional OpenSpace sims. For those not keeping count they have sold 5 regions in 15 days and are on the prowl for additional purchases with three more on order. CBE is predicting an estimate dividend for June of L$0.0346. Beck Investment Banking (BBIB) announced that they continue to suffer from lack of liquidity as their funds are still tied up at WSE with no news of the exchange opening. They also complained that lack of contact from BAM CEO Travis Ristow was causing a stalemate with progress on another venture. They are also waiting for the Dare Win Fund (DWF) on VSTEX to complete a secondary offer before further progress can be made with this partnership. All on all a very sad state of affairs, maybe CEO Banking Beck requires some lateral thinking to move these projects ahead. Jamaica Estates (JAM) CEO Rodders Holgado continues with his buy back of JAM shares and announced that he is very bullish about the prospects of the company. He also confirmed that he has been buying these shares for up to L$2.80 per share whilst only completing an IPO 2 months ago when the shares were valued at only L$1. Rodders has also decided to retire 325k of his shares and now holds 1.4 Million of the 1.675 million shares. If this policy continues there's only one way this share will move. The lack of active participation from Growth Investment Income Fund (GIIF) continues, it appears that other than paying a dividend CEO Cadence Juran has ceased all activity on ISE. An extract from their prospectus states that ”The focus of the Growth Investment Income Fund will primarily be on encouraging new business growth with the ISE, strong performance of existing businesses, continual investor education, and rewarding shareholders for their collective assistance in building the ISE into a great exchange with in SL.” I think not, but if someone from GIIF would like to explain otherwise I'm all ears. If you have any news or gossip on ISE listed companies send an IM or e-mail Hak on
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