As reported first on both Your2ndPlace and SL Reports (in that order according to my RSS reader) companies are abandoning WSE and heading over to ISE. They are all heading to ISE as well, none to AVIX. In an entirely separate event, I happened to meet someone who has a company listed on AVIX which is currently trading shares at about half of the normal value. He directly, if without any supporting evidence, said "the cashing out of the gamblers is to blame" and was confident his shares would pick up. Confident enough to recommend them to everyone else.
In the meantime Nobody Fugazi has drawn together an interesting mix of topics to make some comments about transparency in dealings, everyone from LL down is touched within his article, and it's hard to see flaws in his logic. SL Reports has elucidated its transparency policy in line with SLEC guidelines - sadly I can't find a link to the actual guidelines anywhere. Meanwhile, an anonymous comment suggests WSE is editing (I would suggest the word they should use is censoring) critical comments from companies - you can't easily test all of these out, but google has cached some of the entries referred to, which you can no longer find directly... oops.
Phillip is rather regularly suggesting we, the residents of SL, need to police ourselves. Whilst I'm still not sure how we are supposed to enforce any such steps, there is, it appears, starting to be a consensus on steps the financial markets should take to make themselves more reputable.
Interesting times in finance in SL.














1. It's time to talk about the elephant in the middle of the table, I think. Hopefully, this conversation will resonate... I think the time is right.
Posted at 11:56PM on Jul 29th 2007 by Nobody Fugazi