World Stock Exchange - Front Page News http://www.wselive.com/feed/rss World Stock Exchange 60 en-us Tue, 09 Feb 2010 09:03:56 +1100 WERF: WORLD ECONOMIC RECOVERY FUND IPO OPEN! <p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">Dear Investor,</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">On behalf of my fellow Directors, I am pleased to provide you with an opportunity to become a Shareholder in the World Economic Recovery Fund (WERF).</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">World Economic Recovery Fund (WERF) is a virtual investment fund established to provide you with an opportunity to increase your wealth from the Global Economic Downturn.</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">The Global Financial Crisis of 2007 to 2009 has resulted in consumer wealth declining by trillions of U.S. dollars on a global scale. At the height of the crisis, financial market indicies fell by up to 45 percent and housing prices by as much as 80% in some communities.</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">Major economic and market indicators are showing signs of improvement and recovery with global trade increasing, financial markets rising, more IPO's, Oil above $80 a barrel and Gold near all time highs.</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">The Directors and I believe that our generation has experienced the largest financial crisis in history and with this crisis we are presented with some of the largest opportunities in history.</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">A market downturn of this magnitude is rare, therefore when we experience it, we must join as one to confront challenges and capitalize on opportunities.</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">We believe there are many companies in markets around the world currently trading below their intrinsic value as a result of the Global Economic Downturn which provides investors with a the potential to access significant capital gains through the World Economic Recovery Fund (WERF).</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">The Prospectus seeks to raise W$10 million World Dollars at W$10 per Share.</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">Following the completion of the Offer, the Fund market capitalisation at the Offer Price of W$10 will be W$10,000,000.00. Subject to large demand for the fund, the offer may be increased to raise W$30,000,000.00 with the offer period being extended for an additional 30 days.</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">The management team of WERF will work closely with experienced fund managers from Australia to ensure that all capital raised will be invested into existing registered investment funds using proven investment strategies.</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">This Prospectus contains comprehensive information about the World Economic Recovery Fund, the Offer, important information and the risks associated with an investment in the fund. I encourage you to read this Prospectus.</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">On behalf of the Directors, it is my pleasure to invite you to become a shareholder in the World Economic Recovery Fund and participate in its future growth and prosperity.</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">Kind Regards,</span></span></p><br/><p><span style="font-family: monospace; font-size: small;"><span style="font-size: 13px;">Luke Connell, Chairman &amp; CEO </span></span></p> http://wselive.com/research/announcement_detail/3611 http://wselive.com/research/announcement_detail/3611 Tue, 03 Nov 2009 12:11:43 +0000 JHO: JAI HO FUND IPO NOW OPEN! <p><span style="font-family: verdana, arial, sans-serif; font-size: 12px; line-height: 11px;">Dear Investor,&nbsp;<br /><br />On behalf of my fellow Directors, I am pleased to provide you with an opportunity to become a Shareholder in the Jai Ho Fund (JHO).&nbsp;<br /><br />Jai Ho Fund (JHO) is a virtual investment fund established to achieve long-term capital growth through a diversified portfolio of mid-large cap companies listed on the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE).&nbsp;<br /><br />Between 30 June 2000 and 30 June 2008 the Indian stock market has outperformed the Chinese and Australian stock markets - Bombay Stock Exchange (BSE) 200 Index, measured in Indian Rupees, has delivered 15.6% compound annualised returns over eights years; and 31.8% compound annualised returns over five years.&nbsp;<br /><br />The Directors and I believe that there are significant opportunities&nbsp;for growth in the Indian markets; therefore we have issued this prospectus to you with the chance to share in the growth and success of India's markets and economy.&nbsp;<br /><br />Indian Market&nbsp;<br />The May 2009 election in India resulted in the re-election the incumbent Prime Minister, Manmohan Singh an economist by profession, regain his position along with the National Congress Party winning approval to continue with a series of much needed economic reforms that until recently were placed on hold due to internal political challenges.&nbsp;<br /><br />The International community has responded well to the election result and has been followed by an increase in foreign investment to India as global investors act to take advantage of India&rsquo;s future growth. The World Bank recently upgraded India&rsquo;s economic growth forecasts to 8% for 2010, and the Indian Ministry of Finance project a 7.75% GDP growth in 2009.&nbsp;<br /><br />The Prospectus seeks to raise W$5 million World Dollars at W$10 per Share.&nbsp;<br /><br />Following the completion of the Offer, the Fund market capitalisation at the Offer Price of W$10 will be W$5,500,000.00. Subject to large demand for the fund, the offer may be increased to raise W$15,000,000.00 with the offer period being extended for an additional 30 days.&nbsp;<br /><br />The management team of Jai Ho Fund will work closely with experienced fund managers from Australia and India to ensure that all capital raised will be invested into existing registered investment funds using proven investment strategies.&nbsp;<br /><br />This Prospectus contains comprehensive information about the Jai Ho Fund, the Offer, important information and the risks associated with an investment in the fund. I encourage you to read this Prospectus.&nbsp;<br /><br />On behalf of the Directors, it is my pleasure to invite you to become a shareholder in the Jai Ho Fund and participate in its future growth and prosperity.&nbsp;<br /><br />Kind Regards,&nbsp;<br /><br />Luke Connell,&nbsp;<br />Chairman &amp; CEO&nbsp;</span></p> http://wselive.com/research/announcement_detail/3610 http://wselive.com/research/announcement_detail/3610 Thu, 22 Oct 2009 11:43:13 +0000 WSE: WSE OPEN TO THE WORLD! Dear Shareholders & Market Participants,<br/><br/>I joined the virtual world of Second Life at the start of December 2006 and within the first week I was convinced that virtual worlds especially Second Life will provide an extended platform to the existing static website. This platform would provide users with a complete broadband entertainment experience that included live and On-Demand audio and video along with allowing users to interact with each other, their favourite brands and organizations in a more open and interactive way.<br/><br/>At the heart of every major economy is a Stock Exchange and therefore I felt it was the right time to establish a stock market for the Second Life economy.<br/><br/>The World Stock Exchange was established in March 2007 as an experimental fictional securities exchange and banking role playing game. This has allowed us to experiment by testing the markets response with different policies, features and services while developing and improving the underlying technology platform for its eventual intended use with a real and legally authorized Internet based securities exchange.<br/><br/>The market was initially based solely on businesses operating in the virtual world of Second Life and used the fictional currency in Second Life called the Linden Dollar.<br/><br/>The WSE has experienced tremendous growth and popularity with the first 6 months of operation a testament to its success achieving over 26000 users and exchange turnover exceeding the equivalent of W$500 million WODS, (World Dollars) at the current WOD license exchange rate this would be equivalent to around $1.8 million US Dollars.<br/><br/>As expected with such a new, experimental and emerging service such as WSE, the growth and development to date has not come without its challenges. Some of the challenges we experienced included false allegations and rumours distributed on blogs and in forums by banned users and virtual ceo's with motives to try and prevent the WSE's progress, false details by CEO's about their business in the virtual world, banned users and CEO's hiding their identity by creating alternative accounts to re-establish themselves, disappearing CEOs, policy changes such as a ban on gambling and banking which impacted the virtual world economy and security vulnerabilities with the WSE platform that resulted in significant false deposits or trades by a small group of users.<br/><br/>In December 2007 the WSE closed due to existing security risks and immediately started development on a major upgrade to the entire platform. The updated platform was named WSE 4.0 and was designed to remove previous security vulnerabilities, remove inactive users, increase server performance, functionality, the user interface and last of all, to increase our potential audience.<br/><br/>Due to the large scale and unique nature of the development it was very difficult to estimate the time it would take to complete the project with any certainty however we did release aspirational goals in terms of time frames.<br/><br/>On completion of WSE 4.0 we launched a test version of the World Stock Exchange application on the Facebook platform (WSEFA) which was designed to provide Facebook users with an educational and entertaining stock market application within the Facebook environment.<br/><br/>The WSEFA provides the WSE with access to an online community of over 300 million people, many of which have never used online trading platforms or invested in stock markets directly due to the costs associated with participating in real stock markets. WSE provides the general public with an opportunity to understand the basic concepts of stock markets and investment. WSE will empower its users with the basic knowledge required to invest in real stock markets with confidence.<br/><br/>Growth of our application on Facebook was limited due to a limit on the number of friends each Facebook user could invite to the application within a 24 hour period.<br/><br/>In August 2008 the WSE was again closed for major upgrades which were the result of the lessons learned from user activity and feedback regarding WSE 4.0.<br/><br/>The new platform is WSE 4.5 and consists of changes with the database structure, removed announcement, transaction and trading data prior to WSE 4.5 to ensure a clean database and the ability to identify future bugs, new virtual currency integration system, new trading views, administration system, updated application on Facebook and site layout.<br/><br/>All companies on the WSE have been re-structured to operate effectively on the WSE and to provide all WSE users with an opportunity to learn have fun and profit.<br/><br/>We have launched two virtual investment funds on the WSE called the World Economic Recovery Fund (WEF) and the Jai Ho Fund (JHO). These funds are designed to provide market participants with the most realistic simulated trading experience as each fund is based on the activities of stock markets, economic policies and markets in India, China, USA and others.<br/><br/>The WSE has integrated and replaced previous virtual currencies with a new universal virtual currency called the World Dollar (WOD, W$). The World Dollar is operated by the World Currency Exchange (WCE) which is owned by World Dollar Corporation Pty. Ltd., a subsidiary of Hope Capital Pty. Ltd.<br/><br/>We believe the World Currency Exchange will be the virtual currency of choice by Internet users around the world due to its fast, stable and secure virtual currency platform.<br/><br/>The team and I would like to thank all our existing users for their patience and continued interest and support for the WSE.<br/><br/>Despite many challenges and delays, I have the privilege of declaring the World Stock Exchange a new and unique Internet startup now open for business to the World!<br/><br/>We invite you all to buy shares in the World Stock Exchange (Code: WSE) and to share in our medium to long-term growth and future profits moving into 2010.<br/><br/>Kind Regards,<br/><br/>Luke Connell,<br/>Chairman & CEO http://wselive.com/research/announcement_detail/3609 http://wselive.com/research/announcement_detail/3609 Thu, 22 Oct 2009 11:24:47 +0000 WSE ACTIVE USER REVIEW The World Stock Exchange is in the process of updating its database and is send you this email to all existing WSE users requesting that you re-activate your accounts by the 15th September 2008. To re-activate your account you are only required to login to the WSE website, no trading is required. Any user that does not re-activate their account will have forfeited any balances assigned to that account.<br/><br/>If you have forgotten your password you can enter your email address into the Lost Password form located at <a href="https://www.wselive.com/forgotten-password">https://www.wselive.com/forgotten-password</a><br/><br/>Kind Regards,<br/><br/>Concierge,<br/>World Stock Exchange http://wselive.com/news/24 http://wselive.com/news/24 Sun, 31 Aug 2008 22:51:19 +0000 WSE REDEFINING BUSINESS IN THE VIRTUAL WORLD FOR IMMEDIATE RELEASE - 9TH SEPTEMBER 2007<br/>----------------------------------------<br/>www.wselive.com<br/><br/>WORLDWIDE: The World Stock Exchange has now completed Stage 1 of WSE 4.0. The World Stock Exchange now has full financial reporting capabilities with automatic reporting of key data from the WSE reporting system and full integration of reports generated from SL-Account.com available to the market on the Company Profile page located at <a href="http://www.wselive.com/research">http://www.wselive.com/research</a><br/><br/>Financial reporting systems have always been part of the WSE's strategy and development phase and are an integral step towards enhancing transparency that results in shareholders being able to make more informed decisions while minimising risk.<br/><br/>WSE Financial Reports include:<br/>- Revenue<br/>- Expenditure<br/>- Earnings<br/>- CAPEX<br/>- Cash on Hand<br/>- Land Owned<br/>- Land Value per Sqm.<br/>- Investments<br/>- Liabilities<br/>- Buildings<br/>- Equipment<br/>- Inventory<br/>- P/E Ratio<br/>- NTA<br/>- EPS<br/><br/>SL-Account.com Reports Include:<br/>- Income Statement<br/>- Balance Sheet<br/>- Cash flow Statement<br/><br/>The WSE requires all listed companies post a financial report every 30 days or announce their intention to post key financial data quarterly.<br/><br/>We expect to complete the final stages of WSE 4.0 within 14 days that will include: <br/><br/>- Full Shareholder voting on proposed resolutions and general announcements<br/>- Ability for all users to assign a rating on companies<br/>- Ability for users to view and rate all IPO applications as part of the approval process allowing the WSE to gain market interest prior to approving an IPO<br/>- Market Analyst services allowing analysts to post reports and buy ratings on companies.<br/><br/>We are continuing our review of all businesses on the WSE to ensure they are adhering to the WSE terms, organising IPO’s and amending the Listing Rules and Constitution to be clearer for virtual CEOs who may not understand some of the terminology. <br/><br/>The WSE has reached a phase from being an experiment in an untested medium and has now evolved into a leading fictional stock market game that can be played by users all over the world without the need to use or have Second Life. As we continue to move forward and develop new services the WSE will attract lots of new users resulting in lots of new capital into the market that will help virtual businesses start, expand and develop while increasing the demand for shares in virtual companies across the WSE.<br/><br/>We have now achieved over 24,358 accounts, IPOs on the WSE have raised virtual businesses over L$125 million linden dollars and $1250.60 WICS, Secondary offers have raised over L$21 million and $2500 WICS with Total Exchange Turnover exceeding L$472 million.<br/><br/>ABOUT SL-ACCOUNT<br/>SL-account provides Second Life based business with a complete accounting and reporting service. Users simply download the full transaction history using the business avatar every 14 days from SecondLife.com and then upload the xml file to SL-Account.com.<br/><br/>Once the transaction history has been installed by the SL-Account system the user simply needs to assign categories to all income and expenses such as payroll, tier etc. SL-Account.com will automatically create professional financial statements for the business such as a Profit and Loss Statement, Balance Sheet, Cash Flow Statement and key ratios such as Return on Assets, Net Profit Margin, EPS, P/E Ratio, Dividend Yield and Dividend Payout.<br/><br/>Users also have the ability to view reports by category allowing management to better track payments to individual employees, or income from different divisions.<br/><br/>The World Stock Exchange encourages all Second Life based business who operate with Linden dollars to use this service as it provides an efficient, low cost way for management track the financial operations of the business while providing shareholders and investors with the information they need to make informed investment decisions.<br/><br/>ABOUT WORLD STOCK EXCHANGE<br/>World Stock Exchange (WSE) is the leading fictional securities exchange developed for use in virtual worlds such as Second Life. The exchange provides Virtual companies with the ability to raise capital using the fictional Linden and World Internet Currencies.<br/><br/>The World Stock Exchange includes enhanced security features such as 256-bit SSL encryption, Risk API for Second Life residents along with the ability for general Internet users with a browser to trade on the World Stock Exchange using the World Internet Currency.<br/><br/>The World Internet Currency acts as one fictional currency bridging the gap between the real and virtual worlds. This will encourage growth in the virtual economies around the world especially in Second Life while providing the everyday Internet users with the ability to LEARN - HAVE FUN AND PROFIT.<br/><br/>By visiting and using the World Stock Exchange website (www.wselive.com) you will be accepting the WSE Terms of Service ("TOS" located on www.wselive.com. Please read them carefully and if you disagree with the TOS in any way, then do not use the web site or services provided by the World Stock Exchange.<br/><br/>'2004 – '06 were the years of Google, YouTube & MySpace<br/>'2007 – '09 will be the years of IPTV, Wikipedia, FaceBook, Second Life and the World Stock Exchange!<br/><br/>Media Contacts:<br/>(Second Life)<br/>LukeConnell Vandeverre<br/>Chairman & CEO<br/>World Stock Exchange(WSE) and Hope Capital Ltd.(HCL)<br/><br/>Kay Noble<br/>CEO<br/>SL-Account.com<br/>kay@sl-account.com<br/><br/>MouzurX Wise<br/>European PR contact and WSE Concierge<br/>World Stock Exchange(WSE) and Hope Capital Ltd.<br/><br/>(Real Life):<br/>Luke Connell<br/>Managing Director, Hope Capital<br/>info@hopecapital.com.au http://wselive.com/news/23 http://wselive.com/news/23 Sun, 09 Sep 2007 14:22:44 +0000 NEW FEATURE RELEASED: EVENTS CALENDAR The World Stock Exchange has just released a new Events Calendar feature.<br/><br/>Companies and Second Life residents are invited to post announcements of upcoming concerts, charity auctions, investor presentations, product launches, shareholder meetings and more.<br/><br/>If you are planning to organize an event you may want to add your event to the WSE Events Calendar. The WSE Events Calendar is accessible via the Events tab, and we encourage the use of the WSE Events Calendar to organize events for investors.<br/><br/>Please note that the WSE will carefully monitor all submitted events.<br/><br/>SPAM, Advertising or events which are deemed to be in breach of WSE terms will be removed. http://wselive.com/news/22 http://wselive.com/news/22 Mon, 27 Aug 2007 16:34:52 +0000 GINKO FINANCIAL NOW ON WSE Dear Customer,<br/><br/>GINKO FINANCIAL ACCOUNT TRANSFERS COMPLETED!<br/><br/>All Ginko Financial account holders now have an account on the World Stock Exchange and all Ginko Perpetual Bonds have been issued.<br/><br/>Any Ginko account balance with decimal values has been transferred to your new WSE trading account balance. WSE trading accounts earn a base yearly interest rate of 15.95% calculated daily and paid fortnightly (every 14 days). *Subject to change without notice.<br/><br/>If you did not have an existing WSE account please reset your password by visiting a WSE ATM and typing: "reset password".<br/><br/>You can view a list of WSE ATM locations by visiting: <a href="https://www.wselive.com/education/atms">https://www.wselive.com/education/atms</a><br/><br/>ABOUT THE WORLD STOCK EXCHANGE<br/><br/>World Stock Exchange (WSE) is a fictional securities exchange developed for use in virtual worlds such as Second Life. The exchange provides Virtual companies with the ability to raise capital using the fictional Linden and World Internet Currencies.<br/><br/>The journey started in December 2006 with an opportunity which was followed by the vision of Australian entrepreneur Luke Connell. Today the concept of an Internet based World Stock Exchange servicing the virtual world community of Second Life has achieved over 24000 trading accounts and over 60 virtual companies exceeding 400 million linden dollars in trading volume. The WSE has exceeded all expectations however it is an emerging and development market that will always be improving. This is only the beginning.<br/><br/>The World Stock Exchange includes enhanced security features such as 256-bit SSL encryption, Risk API for Second Life residents along with the ability for general Internet users with a browser to trade on the World Stock Exchange using the World Internet Currency.<br/><br/>The World Internet Currency acts as one fictional currency bridging the gap between the real and virtual worlds. This will encourage growth in the virtual economies around the world especially in Second Life while providing the everyday Internet users with the ability to LEARN - HAVE FUN AND PROFIT.<br/><br/>By visiting and using the World Stock Exchange website (www.wselive.com) you will be accepting the WSE Terms of Service ("TOS" located on www.wselive.com. Please read them carefully and if you disagree with the TOS in any way, then do not use the web site or services provided by the World Stock Exchange.<br/><br/>The WSE provides users with a fully automated trading platform that operates 24 hours, 7 Days per week. Traders have access to real-time and historical trading data allowing them to make informed decisions.<br/><br/>To learn about the World Stock Exchange and how to use the our services please visit our Education Centre which can be found at <a href="https://www.wselive.com/education">https://www.wselive.com/education</a><br/><br/>USEFUL INFORMATION:<br/><br/>*'Virtual Company' refers to an Internet based business generating income from a fictional currency and includes many businesses based in virtual worlds and 3D multi user environments such as Second Life.<br/><br/>'Fictional Services' are all "Fictional" services provided by HopeCapital on the World Stock Exchange. Fictional services are an imaginative creation in a simulated gaming and education environment that are without basis in reality and hold no legal monetary or asset value.<br/><br/>'Fictional Currency' is used as game tokens and have no monetary value in and of themselves and as a result are not be taxable as income. In most cases a fictional currency constitutes a limited license right for use by account holders and is subject to the terms of each Fictional Currency provider. The World Stock Exchange supports the "Linden Currency" (Linden Dollar, LND$, L$, Lindens) and the "World Internet Currency" (WIC, WICS, W$).<br/><br/>The financial and group operations of a virtual company are controlled and managed by the controlling WSE account holder who is assigned with the title CEO. <br/><br/>Kind Regards,<br/><br/>LukeConnell Vandeverre,<br/>Chairman and CEO, <br/>World Stock Exchange http://wselive.com/news/21 http://wselive.com/news/21 Fri, 10 Aug 2007 16:57:05 +0000 INTERVIEW WITH SLOZ LukeConnell Vandeverre's most recent Interview.<br/><br/>You can find our latest Interview with SLOZ, Australia's Second Life News Source.<br/><br/><a href="http://www.sloz.info/2007/08/05/interview-two-lukeconnell-vandeverre-world-stock-exchange/">http://www.sloz.info/2007/08/05/interview-two-lukeconnell-vandeverre-world-stock-exchange/</a> http://wselive.com/news/19 http://wselive.com/news/19 Sun, 05 Aug 2007 04:29:10 +0000