By Xavier Mohr, Publisher
SLReports.net

SECOND LIFE, 5 AUGUST 2007 - A relatively-unknown company on the market, Scripting by Joseph Cult (WSE: SBJ) announced today that it was bankrupt. Per the notice at the World Stock Exchange website:

After a couple of months of business, with tier prices and lack of customers, we have not be profitable. There for I will gather what extra money I have and share it in a dividend. You should see this some time tomorrow.

[unsigned] 

Such announcements and developments of late have called for by investors greater standards in CEO reporting, and further scrutinization of IPO applications.

Stay tuned to SLReports.net for more information.