|
Sponsored by: 
By Arbitrage Wise, C.E.O. Wise Metaverse For the last few weeks, I have been sitting on the sideline observing all of these situations without saying anything because I did not want to get JT Financial involved in all of the mess. But it is hard for me to sit on the sideline developing legitimate businesses to help grow Second Life, only to watch a hand full of people suck the life out of it. So here goes my anger post:
Sponsored by:  WSE: Censoring of company’s postings? None of my business…..
AVIX: I did tell them that they will not hear a peep from me again after I was paid back by Sal, which I was. But can you blame me? Just when you thought they turned the corner, they go and IPO Ginko. Let's look at Ginko from a numbers perspective . The IPO is for 10mil shares out of 250,000,000 Total shares in the company. What would mean that if you are willing to fork over 5mil L$ to buy up the entire IPO, you would only be buying 4% of Ginko. And what exactly would you be buying, Ginko's debt? Now, let's go and read the prospectus : Risk Factor "---". Good, now you should feel safe about investing.
Ginko: A company in IPO that has a lot of its assets tied into what I feel are VERY illiquid stocks and cannot afford to allow their customers to withdraw their funds? Now, I did meet with Nicholas yesterday to maybe offer Ginko a loan to pay out their customers, but they were too heavily involved in companies that I would not touch with your money. They are they #1 owner and own 34.81% of WSE , a company that is having its own troubles. Doesn't this create a conflict of interest? You are taking your business to your company's competitors? How can you expect WSE to survive if you have a hand in destroying it? So how can I not be offended by this when I am working diligently to boost SL only to see its life being sucked right out from under me?
SLEC: They have been seeking my support and I told them I'd give it to them. But where have they been? I did not know what was going on with the whole dumping of shares of LNL on AVIX (please be informed that this is in no way a reflection of LNL, whom I've only heard good things about). When I turned to SLEC, I was told it was being looked into. I guess it wasn't that important since I still don't know what's going on. So where are they now with this Ginko IPO and WSE incident? Why is it that I should have to depend on Nobody Fugazi of Your2ndplace for information on all of these situations when it should be the SLEC's job? Not only that, you seek to have our support and did not invite us or at least someone from our group to listen in on what's going on when you had a conference? Maybe someone should regulate the regulators.
You will have to excuse me if I sound angry, because I am. Everyone is tooting their horns and blowing their whistles about regulations and moving forward, cheering up the idea of "creating policies to regulate the companies listed " only to pull stunts like the Ginko IPO and sucking the innocent SL Residents of their money. I would like to end this rage with a comment : "It is time that the SL Economy be made more secure, legitimate, and fair for all who choose to use it. Join me in moving the SL economy forward. " No thanks, I'll pass.
On some good notes:
I'm glad to see ISE getting some companies listed on there. They may be small, but at least they do it right. I'm also glad to see that Maelstrom Baphomet of AVIX chose to stay out of the Ginko IPO . At least someone has my support.
-Arbitrage Wise
|
