More Second Life Stock Market Turmoil
Disruptions abound in the Second Life Stock Markets. The World Stock Exchange, (WSE) is shutdown for software upgrades. At this moment, the AnCapEx's DNS servers appear to be offline and the exchange is unreachable. I had hoped to lead with 'AnCapEx surpasses WSE in volume", but that isn't the case.
Over at the L and L Bank and Trust, LLBT, I checked to see how their brokerage is doing. Over 42,000 shares of BNT have been traded there over the past week. It would seem like LLBT might be a good option for trading shares of companies on exchanges that are currently inaccessible. However, LLBT has suspended trading in BNT, as well as ten out of the thirteen companies they make markets in. At first glance, it looked like they were suspending trading in stocks on the WSE and AnCapEx, but looking closer, they've suspended trading in YEP which is still actively trading on SLCapEx and in MED which is still actively trading on VSTEX.
Meanwhile, Second Life Newspaper is reporting that three non-executive directors have resigned from WSE, at Luke's request and SL Reports has written about LLBT acquiring 8 Dragons bank.
So, VSTEX and ISE have now joined SLCapEx in surpassing WSE in volume, and if AnCapEx can address their technical problems, they may do so to. WSE may gain back some of the volume when they come back online, but their reputation is further tarnished.
SLCapEx New Ownership - 2011
Submitted by Skip Oceanlane on Sun, 02/20/2011 - 16:33. span>Just so everyone knows, SL Capital Exchange (www.slcapex.com) has made a big comeback at the beginning of 2011 under new ownership. We now have 24 virtual companies listed on the exchange, and interest is really growing again. If anyone would like to get more information, please sign into Second Life and do a search for SL Capital Exchange. Thanks.
Skip Oceanlane
CEO and Majority Shareholder
SLCapEx