Yeah, the rumors are right we got the label.. and even started our first survey, reason we come up with some further information.
WSE is surely not RL and it is better like this. As an experimental platform WSE has a right to exist and even has the possibility to grow into a future niche market. The future will show us whether this is true or not.
Doing analysis over companies which can manipulate their reporting, fake business activities or simply violate and rob their shareholders sounds like blank nonsense.
May be it is. However, I see this more positively. As there are no rules in this cyber world except the management by blitzkrieg exercised by Linden Labs in an irregular matter the community as such becomes more important. Understand me well, I’m not looking for rules and security here in SL. I basically don’t trust people who keep saying how honest or trustworthy they are etc... The story around Capex and Allenvest is a good example for this- dear Sal-/vest was a champion of honesty and regulated stock exchange- the result we all know. In fact I prefer a crock who says he is a crock so at least I know how I have to deal with him…The same for systems, nothing is worse than systems which try to give you a feeling of security when there is none…
On the other hand there is a need to inform about basic things so that the average shareholder can easily make himself a better picture- this is how I understand stock-analysis in SL.
(a) Figures and facts. Companies at WSE are now forced to publish their results. Also in a simplified matter it already will bring some stability into the market, as you can compare figures now, have a basis to ask questions or simply to control whether the figures are plausible or not. Fraud will also be reduced as criminals normally are looking for short profit and not for fulfilling plenty of boring CEO duties
(b) Responsibility: Each CEO should take responsibility. Check the figures! Doing the financials will help the company owners to see where they are with their company and be prepared to answer the questions of their shareholders. The quality of shareholder-CEO relationship will improve. To have a company at WSE is a task and duties are related to it. The CEO has to take responsibility towards his shareholders and communicate…
(c) Activity: How many companies were/are in the red figures and their only income was due high interest they got with high yield CD’s. We know the story. I wouldn’t like to know how many companies at the board are affected because of the decline of the Tizzy paradise or all other bank dreamlands – unfortunately quite a lot.
(d) Power of the mob: If analysis start and shareholders become more critical then also the quality of companies will improve. It is a kind of self regulated system which is a huge chance to learn about in real time for any maniac in anthropology or evolution theory..and there are quite a few furries in SL…
Ok, will stop here. Stock analysis is a bit of all of this or in other words a kind of truth finding tool.
What do we analyse?
(1) Business idea
(2) Market presence
(3) Performance till now
(4) Management skills, communication
(5) Economic branch the company is active in
(6) Free float
(7) Business environment (customer satisfaction, etc)
Basically we use data we find publicly but also put a lot of efforts in direct interview with the CEO or board members. We don't give however any guarantee about the truthworthiness of our results!
Analysis we plan to do on a monthly basis, also in relation to the index we calculate (see derivative LWI at the board). The first survey just started now.
The first reactions from CEO’s were quite positive except those who have a reason to play low profile…lol…really? We will see.
We will start to offer this service for free.
Related to all this work which need to be done I’m also looking to hire an analyst.. proposals are welcome!
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
Approved analyst, WSE
http://lemurinvest.blogspot.com
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