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WSE Update 9th - 18th May 2008
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Written by Hak
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Sunday, 18 May 2008 |
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WSE Update 9th - 18th May 2008 www.wselive.com By SL Hak The big news on the World Stock Exchange (WSE) is that Entropia (ETC) is considering leaving the exchange. They are currently polling their shareholders and appear disillusioned that they have been left in limbo for the last 5 months. They are currently asking their shareholders if they should remain on WSE or move to another exchange. There has been no response from the shareholders to date and due to most of the features on WSE being disabled their current major shareholders list is a mystery. CEO WilliamTheWise Goodman previously had a wealth of knowledge to call on, his first CFO was iVentures Volitant and major shareholders were Casper Trebuchet, Maelstrom Baphomet and the largest shareholder none other than Anshe Chung.
MH Motors (CAR) CEO Fraguers Hock announced that they would be introducing new models during May which should hopefully help profitability. They also revealed that revealed that revenue was reported at L$754k and expenses at L$495k, it is not known what financial period this covers. It appears that Fraguers Hock has a sense of humor reporting expenses for new yacht, diamond ring for his 3rd girlfriend and many other expenses that are unlikely to pass an audit, well I hope he's just kidding. Sarah Nerd Estates and Mainland Holding (SNE) reported a L$300k loss during the last 6 weeks, the deficit caused partly by slow trading and the ongoing conversion of a full sim into 4 Openspace sims. SNE has also ordered a 5th Openspace sim, repeating the trend of many estate owners in this increasing ever increasing sector. SNE claims it's being cautious with mainland trading, maybe CEO Sarah Nerd expects mainland to fall even further. If you have news pertaining to any WSE listed company you can IM or e-mail Hak on
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Last Updated ( Sunday, 18 May 2008 )
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