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MAWOPO Investments to be liquidated (SL Reports)
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Written by Xavier Mohr
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Sunday, 29 July 2007 |
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By Xavier Mohr, Publisher SLReports.net SECOND LIFE, Talyn 29 July 2007 - MAWOPO Investments CEO Plautus Papp announced today the liquidation of their company on the International Stock Exchange website (www.intlstockexchange.com), citing a company deficit, lack of qualified manpower, and recent instability of Second Life financial institutions. The letter, in its entirety, can be viewed HERE. The full text (unedited) is included in this announcement. Please click the "Read More" link to view.
Dear Investors MAWOPO-Investments will be liquidated. I feel very sorry for this decision but the framework for an investment company in Second Life changed in an unforeseeable way: - Some important stock exchanges in Second Life become unstable - We were not able to find enough qualified manpower in Second Life - Company operates at deficit in July 2007 - CEO sees no chance that company will be profitable in the future So I decide to liquidate the company. Because of my decision I will assign the the value of my 34,696 shares to the other shareholders. That means all shareholders of MAWOPO-Investments has two options: 1. Sell their MAWOPO-Investments shares immediately for 0.77 L$ per share on the International Stock Exchange. 2. Wait till all assets of the company will be sold. Expected price per share will be round about 1.01 L$. I feel very sorry but I see no other chance to save the money of the investors. For further informations please visit our website at www.mawopo.de Yours Plautus Papp (CEO)
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Last Updated ( Sunday, 29 July 2007 )
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