|
VTSEX Update 11th – 19th May 2008 www.vstex.net By SL Hak IBI Fair (IBF) announced that one of their major shareholders; Alecx Writer had sold a large chunk of their shareholding, it has now been reduced from 866K at the end of march to only 325k at present. These shares were sold off extremely cheaply and IBF continues to trade below L$0.10, with heavy buy orders at L$0.06. There appears to be investor confidence concerns at IBF, no wonder with IBF failing to generate any income in Q1 and expenses approaching L$200k. CSLL reported positive news by announcing a number of new business being attracted to their estate, they also announced that a dividend of L$0.01 would be paid on June 1 and that they would hopefully continue paying similar dividends in the future.
Dawes Financial Corp. (DFC) announced that it's back in the business of buying Second Life land after temporarily withdrawing as a result of the LL price re adjustment and the subsequent drop in land prices. DFC announced that it is selling both 512 and 1024 lots, there are three advertised on the DFC website but without a link or even the name of the sim they have been impossible to locate. Dare Win Fund (DWF) announced that they would be halted during the Secondary Public Offering All money from SPO (L$220,000) will be used to pay all payments due to Beck Investment Banking (BBIB) for the system. The SPO isn't progressing well with only 4,234 shares being sold at L$0.55, I believe the CEO needs to improve communication as I for one have failed to understand the business plan for DWF. Springboard Publications (SBP) has announced that it will be changing its name to Penny Blue Association with unsurprisingly a ticker of PBA. It is also looking for a new Board of Directors with notecard nominations required by 25 May 2008. CEO Munito Jacobus has declared the PBA will nominate its Board depending on the size of their stake. Buying your way onto the Board will be relatively cheap as shares are trading precariously low with the highest bid price at L$0.05 with 544k shares bid at that price. Crystal Springs Virtual Capital (CSVC) has announced that it has agreed to a L$500k loan to what it describes as a “trusted company” which has business interests within Second Life as well as many other virtual worlds. This is a short time loan brining in returns of between 12%-15% for CSVC. CEO Skip Oceanlane announced that he would loan these funds to CSVC interest free, a fine and not insignificant gesture. Please IM or e-mail Hak at
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
f you have any news or gossip about VSTEX listed companies.
|
