A proposal has been made by CAPEX and BBX to take over ISE. This would be one of very few mergers of stock exchanges set in Second Life. The exchanges often branch, rarely converge. To get all the juicy details on the merger please look here to read the details of the tender offer. The issues on both exchanges are strong, but the number of issues is not as great compared to other exchanges, say the WSE and may lend a stronger competitive advantage to the merged entity. Reports are coming out that CAPEX is already bypassing the WSE on daily activity despite its numerous outstanding stock issues. For more details on that story check out this article in SL Reports written by friend and colleague Xavier Mohr.
Reasons for the change in traffic flow are attributed to a range of causes from investor confidence being low in the WSE due to the Ginko Bond Scandal to its numerous failed companies which have been renditioned to the mysterious symbol (RMV). Shaun Altman has cornered the market on Ginko Preferred Bond info, so you should probably read his blog here if you want details on that. Needless to say, it's a mess.
Wednesday, November 21, 2007
Modest sized exchange merger being attempted.
Subscribe to:
Post Comments (Atom)
3 comments:
First ever attempted merger of a stock exchange? http://secondlife.reuters.com/stories/2007/02/13/rival-second-life-stock-exchanges-merge/
and there have been failed attempts...not to mention ones that may not have been publicized.
I stand corrected. But my understanding is that was more of a nightmare than a merger after I did some asking around. :-P
This incident was before my time investing on the WSE, so it literally pre-dates my entrance into SL markets. Thanks for bringing it to light.
There we go, corrections made, reads better now.. makes more sense.
Post a Comment