Second Life Market Recap Sept 7th

Today in the Second Life Stock Markets, Zhenya Zoning Real Estate Co. (ZEN) saw a wide volatility in trading, hitting a low of .53 late last night to come back to a high of .79. In a company announcement, CEO Zaldar Rhode announced that he was buying back 6119 shares due to the low price. A few days ago, they announced their new website. There isn’t a lot to look at there yet, but it is worth keeping an eye on.

Brautigan & Tuck Holdings (BNT) continued their rocky ride with shares trading in the .19 to .27 range. Over 80,000 shares changed hands today. That is much less than the nearly 2 million shares that traded on the third, and is close to the long term average. There were no new corporate announcements from BNT.

Second Life Media Specialties (SLMS) continued to trade upward in a wide range from 3.20 to 4.07 after their positive earnings statement the other day.

Tnw Designs and Real Estate (TNW) also traded in a wide range today from 1.42 to 1.70. They have a new MySpace page up.

Verballis (VBL) saw a large seller offering over 13,000 shares at L$ 3.00. Less than 5,000 shares changed hands, but it was enough to push the stock down about 20%. To put this into context, the single offer was equivalent to around a quarter of the daily volume of VBL, and Dragon Global Diversified (DGD) reported last month holding 2815 shares, and unless they have sold off some of their position in VBL, has a nice increase in their portfolio due to their VBL holdings. Neither VBL, nor DGD had announcements today.

Over on the World Stock Exchange, Delicious Demar Enterprises (DDE) reported L$.02 per share dividend and a buyback of stock. They announced plans to buy two more islands, which are already 50% subscribed. Yet this resulted in minimal stock movement with DDE trading within the range it has been trading all week.

LEM Future Basket (LFB) posted their dividend and noted the weakness of HCL, SLM and AMA (all WSE) and BNT, AIG (SLCapex). Casper also noted the lack of information on WSE hampering investors, and the liquidity issues on SLCapEx. As a parenthetical comment, some people on both exchanges often complain about the day traders, but one of the important functions of day traders is to provide liquidity. Speaking of a lack of liquidity, as of this evening, no shares of LFB traded hands today.

Redux Technologies (RDX) released their August income report. No shares of RDX changed hands.

Delicious Skins (DSE) announced that it was removing two million shares, or about half of the CEOs holdings, from the market in hopes of being able to return a better yield to investors. A handful of shares traded at the asking price.

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