Considering this site and any data gotten on it has absolutely nothing to do with the SL TOS, you seem to make little sense.

Anyway, good initiative Cocky. Really something the ISE needed with all the insider CEO transactions taking place in certain stocks.

I dont care, we work out of a business so there is atleast 5 oof us using the same IP address. Talk to Meta Linden about what happened in may on a blog out side of SL and see how a group of people got suspended from SL.

I am curious as to what you hope to acheive by doing this, surely it is an invasion of privacy, we all have a right to that, and to have alts.

 I fail to see how it matters if someone has 1 million invested in 1 avatar or between 3 of them.

All that I can see this doing is alienating a lot of hard working CEO, and potentially causing some kind of panic for those who dont understand the inner workings of ceo life.

Some may have chosen to split their investments in to several alts to minimise any risk of hacking, or a fatal error occuring, 2 prime examples would be

a) wse huet, if the money there was split beween 3 account less would most likely have been stolen.

b) a friend of mind had her account corrupted and was not able to log in, it took LL a week or more i beleive to fix this (apparently some avatar data file was missing or corrupt) so by having an alt, with funds she would have been able to carry on operatons.

So can you tell me, are you simply lashing out? or is there a higher purpose behind all this, if so I would be interested to know what it is.

Yours confusidly (I made that word up, for this occassion)

Monkey Canning

CEO Monkey Corp - because its our second life

I hold stocks of CGI and some other companies on ISE, I am not complaining about loosing lindens by investing in companies which didn't turn out to be what they appeared.

As a relative small shareholder I am suprised by the discussion which is taking place, my impression is that there is a lack of communication and much erratic behaviour.

I fail to see how anyone could benefit from this discussion, If AVC/CGI would leave ISE, then most likely the fraud insurance fund paid by AVC would be lost and ISE would loose a part of it's trade volume. And as it is not likely for AVC/CGI to be traded on WSE again Capex would be it's only obvious choice.

Regarding Rule 144, I am sure ant CEO who can manage to list an company and conduct trade manipulation would also be capeable of useing proxy servers.

- Jeffry Clary

Well i dont see that violating privacy of any CEO or 10% shareholders is a good idea. Showing the name and the shares traded is fine, and I agree with that. But to show an IP address and try to show people have any alts I feel is not allowed in SL TOS also.

As CEO of CGI  / AVC we would like to ask ISE to not display any of my investors ip addresses or alt names.

Please hold off on this roll out, until Linden Labs verifies this is not a violation of  SL TOS. Since ISE utilizes in world trading, and you signup in world i feel this is a direct violation of SL TOS.

JeffryClary - to answer your question about the fraud fund, the 50k per company was for BHE - VHI and MDS companies. If these companies are part of the ISE listed companies then the fund money is still active. If they should leave or merge with another company then the funds will be voided.

I welcome this being posted, I think all CEOs and anyone within a company should have their transactions posted.

 The one thing I want to make sure of though is that the IP addresses of people who do this are not released.

I am not showing ip address. That would never happen, period.  I have been through the terms of service and if someone can show me what this violates in them, please do I can't find anything.

The questions are

Should CEO's have their transactions disclosed the same as real life and on the WSE?

Should CEO's alts have their transactions disclosed also?

Should top shareholders have their transactions disclosed?

I have no problem if there is debate on the subject and it stays civil.  I have no problem holding off on rolling this out for further discussion.  It obviously has merit.

Jasper, Bart and other companies that are delisting:

I have no idea why you are pulling out from ISE. At this point I don't really care. Your actions and comments remind me of a bunch of school kids arguing over kickball rules on the playground! As one commenter put it on the ISE Auction post "I feel like I stumbled into the teen grid!"

Other than that, 7 days is a hell of a long time to wait to bail out of your stocks. Could you at least resume trading for a few more days so that those of us who want to bail and keep what money we can in ISE will have a chance to do so! It has been frustrating, moving from one bank/exchange to another just because some CEOs get into a tizzy over how they are or are not perceived.  Think of it as a way to get your supporters to buy your stocks really, really cheap. It may help your "goodwill".

Way too much drama, way too little trading or professionalism!

 I thought I was dealing with grown ups here! Live and learn I guess.

Cocky, I hope you still have good luck finding a worthy buyer. So far you are the only professional mature voice I have heard in all of these "discussions"

Anyone notice anything overly similar about the delisting statements of the departing companies?  I can't help but wonder why these people are feeling so threatened.  Cocky Dagger I like your style.  I hope you keep this exchange instead of selling it to corperate raiders.  Honesty and integrety are rare assets in the sl business world.  I for one appreciate your intent and am glad to see an exchange owner standing up for what is right.

 >> "I dont care, we work out of a business so
>> there is atleast 5 oof us using the same IP address."

This must be a REALLY small business, or one that's not very profitable. If you have five employees but can only afford one computer.

I know this is going to be a difficult thread to contain, but please lets keep it civil and discuss the importance of rule 144 and how far it should be implemented.  I wish the six companies well.  They run their companies and have to make decisions that they feel is in the best interest of their shareholders.  If that means moving to another exchange, then that is definitely their right.

The sale will be called off, an announcement will be made tomorrow. 

 >> "I dont care, we work out of a business so
>> there is atleast 5 oof us using the same IP address."

This must be a REALLY small business, or one that's not very profitable. If you have five employees but can only afford one computer.

The word is Router.   You can host multiple computers on 1 IP via router. 

amanda23carter
When should we see a refund on the stocks that we had on AVC I have 310 stock in waiting to sell.

 Your money or shares are in no way lost, once AVC has moved to a new exchange, all you have to do is to create an account at that exchange, and your shares will be there.

Well...having been away from SL and the internet for a couple of days...my how things have changed.  Cocky...wonderful plan and I support it 100%.  All CEOs and top investors should have their transactions posted and all alts for this characters should be exposed.  Their reasons for mulitple alts is weak at best and would be an acceptable explanation for most people having alts.  However, when you set up a company and take investors money you are going to be held to higher standard.  Any company that is leaving the ISE due to this initiative is, in my humble opinion, suspect at this point.  If a company is being run in an ethical and professional manner, I don't see any reason that they would bolt and 'take their marbles' and go play in some other 'sandbox'.  Wherever these companies end up, I will avoid like the plague.  I will only be there long enough to sell my shares and get out.

Rule 144 increases transparency, consequently that improves confidence and as a result both the companys and investors benefit. The only reason I see it would be a bad thing to introduce is if one believes in "freedom of insider trading", we can see from RL what such "freedom" can lead to...Actualy i would suggest further that if a ceo is trading in his/her own company he/she should comment it within 24hours, should this not happen the company should be charged with hourly fines eventualy insidershares should be halted aswell. (the reason i'd suggest the commenting rule on top is because it is better for the companys stock progress that investors hear it from the ceo rather than some "roumor theory from somebody" wich could be just griefing attemt)

I fully agree with the comments made by Arnaud Villota and Dezmond Martinek! Very well said.

I was really hoping that we have much more professionalism within the listed companies. Especially CEO's should know the business world and should demonstrate much more calmness on upcoming issues.

Cocky really seems to be one of the very few professional CEO's who is standing up for his thoughts, who is open for criticism and ready to say 'sorry I was wrong' if that is the case.

That's the kind of people we need to make the sl financial world a success. If CEO's can't withstand already such a basic discussion, how will they react if real issues have to be handled???? I only now such a behaviour from a kindergarten.

I am especially disappointed by Jasper Tizzy who obviously has build up many successful companies and is a real sl entrepreneur with a great reputation in the investor community. He came over to ISE because he understood the importance of integrity and trust in the financial world and he found that in Cocky and the ISE. Jumping from one exchange to another every 2 months or so, without any business reason, will definitely have a negative impact on the investor relation and at the end it will also negatively effect the reputation of the CEO.

I think there is still a chance for all  involved parties to lean back, think again what really the issues are and come back to normal behaviour and continue to work on the important things to grow the business. ISE is a great exchange. There has never been any complain on any trading account problem. Let's work together and make ISE an example for the way the sl financial world should look like!

I fully agree with Arnaud Villota and Dezmond Martinek and Georg Pennel. I am very disapointed in the professionalism of most CEO's.

Mr. Dagger, i am sorry read al this, you deserve a more decent handover of ISE.

cockydagger, I strongly have to applaud you for your consistent ethics and complete disregard of your personal interests in this situation. Anyone who would also think slightly about his own interests would probably have kept these problems behind the scenes and would instead just have sold the exchange to the highest bidder. To be honest, I have to say that I initially thought things were heading that way, but I was dead wrong about that apparently.

I am glad you have decided to at least postpone the sale of the ISE for now and I would really want to urge to consider not selling the ISE at all.

Duke Mercy
CEO & Fund Manager WSE:SHF

I agree that it is inappropriate to release IP addresses. I am not sure I agree that real names and locations of CEO's should be released either, though I provided mine in the prospectus (the world is nowhere near as private and we are nowhere near as anonymous as we like to think in any event).  

The biggest difference here, as opposed to real life, is that there are protections against stalkers, harrassment, libel, defammation, and slander in real life. My experience here suggests we are not always dealing with mature, sober, investors. It icreates a genuine concern.

As for Alts - LIF operates with one alt of the CEO created to hold funds and handle transactions for LIF. This keeps the CEO's personal account and LIF's account seperate and creates an acconting trail for every transaction. The alt (CFO Clary) holds NO shares of LIF. Land is held in group wth the Alt as group owner. All transactions pass through "him". It is a control we created, implemented and use voluntarily.  

People still don't seem to get what cocky suggested anyway. All he suggested was:

- Disclosure of insider trades done by the CEO
- Disclosure of insider trades done by avatars linked to the CEO (due to being on the same IP - the IP is obviously not disclosed however)
- Disclosure of insider trades done by top shareholders

Just look at the system these use at the WSE, that's pretty much all he's suggesting - nothing special really. Genuine companies shouldn't be effected by this at all. Doubtful companies have enough reasons to retract, however. In fact, I would personally suggest to widen it even further, to also include:

- Disclosure of insider trades done by other managing directors

Furthermore, if you want to have it completely professional and in line with real life law you should add the rule:

- CEOs and other managing directors are obliged to officially report any changes in their stock holdings within 24 hours. However, the downside of this is that it clutters the news announcement pretty much with - generally - unimportant rubbish, so I'm not really suggesting that rule to be implemented. 

I do think it is common courtesy that significant sales of stocks owned by insiders should be elaborated in company announcements though (and preferably announced beforehand even).

Duke Mercy
CEO & Fund Manager WSE:SHF

First off, Duke Mercy summed up perfectly what is trying to be accomplished.  There is some misinformation going around, ignore it.  This move does not violate the Terms of Service of Second Life and IP addresses will not be displayed.  It can't be said any simpler than that.

Second, I have to say when I woke up this morning I dreaded to see what would happen.  I have to admit I was overwhelmed at the support in im's, contact us e-mails, and on this thread.  

Third,  some people are asking about how they can sell their stocks in the companies that delisted.  These companies are moving to an exchange that will be available in 7 days.  The CEO's that moved have accounts on this exchange that are still open.  They can use this site to post the URL for that exchange.  When the exchange is operational, I will post a message with the URL so that people can go to this new exchange and trade their shares.  

Thank you for clearing that up Cocky, any moves to make things more open and transparent are ofcourse welcome.

As a reminder, the International Stock Exchange continues to maintain its position of integrity, transparency, and high standards towards investment trading.

Our complete and official response to the new transaction policy and the companies delisted from our exchange can be found here:

http://www.your2ndplace.com/node/438

Feel free to contact me should you have any media or press inquiries regarding the International Stock Exchange.

Regards,

Cadence Juran

I feel it is necessary for the sake of my companies and investors to make a statement regarding the BHE and VHI moves from the ISE. This will be my final word on this subject on the ISE website.

First of all I sincerely wish Cocky Dagger the best of luck. If I did not think he was capable and ethical I would not have made the move to ISE in the first place. His programming skills are impressive. I have been satisfied with the website and the ATMs which were the other reasons I chose to move to ISE.  I hope Cocky will continue to serve as CEO and that the ISE thrives.

Now that you know the reasons my companies listed on the ISE let me explain the reasons I chose to delist them. It had nothing to do with the Rule 144. If my critics read the press release postings from the prior day they might recall that I was going to place a bid to buy the ISE when it was up for auction. I planned to bid in auction because that’s how it was offered. It was not put for sale or I would have offered to buy it, which I would have preferred as a potential buyer and as a CEO within the exchange. I disagreed with the notion of auctioning the ISE to the highest bidder with no regard to their integrity or experience and that CEO’s had no voice in that decision. Either way my intention to bid was sincere. My questions and opinions about this matter were not welcomed by a board member. The thread deteriorated to an immature level and the conversations and threats that followed are the reasons I delisted. 

Regarding Rule 144; To assume that my companies delisted because of this is ridiculous. My investors are always invited to talk to me directly. Many know my real name, location, alts and even my phone number because I have given them that information. Not because it was exposed on a third party website. Transparency is not an issue for BHE or VHI.  It was a well-timed announcement on the part of ISE however because it did lead those quick to jump to conclusions to a new witch hunt.

It was the auction thread that led my companies and many of those that followed to leave the ISE.  Wise business people will accept my reasons given and not the implications of a well-timed announcement and comments from those with their own agendas.

Truth, Logic and Common Sense

Sincerely
Bart Heart, CEO
BHE and VHI

auc·tion –noun Also called public sale. a publicly held sale at which property or goods are sold to the highest bidder.

http://www.sec.gov/investor/pubs/rule144.htm

ISE's Official Position on the ISE Bid Request

Bart...it's too late to try and salvage your image.  It was an image that I respected until your decision to bolt from the ISE.

When CGI jumped from the WSE...several companies..including yours, bolted with them.  Those same companies moved to the ISE, dragging over a large number of investors...many of which had to create accounts here at the ISE in order to simply access their shares.  Its not like the companies in question acted as a magnet for those investors.  It was matter of necessity.

I was told by several people in SL...how much integrety the ISE had, how it was the only honest exchange in SL.  Those people include management of the companies in question.  The ISE was THE place to be...especially now that said companies had moved there.

I've read the threads, all the posts.  I think words and actions speak for themselves in this case.  Unfortunately for you, you have associated your companies with a group of what I would now term as "outcast" companies, hopping from exchange to exchange until you find one that fits your needs, then bolting when conditions change.  To you it may seem that you are a pioneer or explorer...but to many watching this fiasco...the outcast companies are looking more and more suspicious with every post.

Bart, what story do you want to tell us? Do you really think, investors are so naive?

If you were a real business man and if you were really interested in buying the ISE because you think you can bring it to the next level and make good money for your shareholders, you would fight for that! Instead you are crying much like a child because you got some critical responses.

How can you withstand real issues in your business if already such bagatelles drive you to give up????

Reading your last post, my only conclusion is that you can't make up your own mind and act according to that but instead you are just a follower.

Look at the ISE volume now, and the L$ trading amount in the past 24 hrs.

Do you stillsay the delisted companies were only 31% LMAO

To make it totaly clear, once i posted the announcement that I would not make a BID for ise, I was already making the move to the VSTEX exchange. The so called 144 rule that was not at all like the real 144 rule, had nothing to do with me wanting to move. My investors and the other CEO's didnt want to get exposed to this witch hunt so we took the oprion cocky made that anyone that didnt want to be effected by this to leave, so we did.

Jasper, first, since you won't respond to my im's please give the money back that was deposited into your bank by the ISE.  To disclose to everyone, 150K has been removed from the ISE account and Jasper will not resolve it.  This is not the supposed gift that AVC was going to give to the ISE, this is money that was deposited to collect interest.  I understand that this is probably a mistake and would very much appreciate it getting resolved.

Jasper, rule 144, in real life has to deal with how the transactions of stock is handled by people associated with the company or in some management capacity.  Obviously, SL is not real life and the implementation in Second Life will not exactly mirror real life.   

Jasper, if you didn't leave because of this new policy, are you giving me permission to disclose you and your alt's trades? 

Jasper,

When I met you in-world I was impressed with what you had accomplished.  But I must say that  your behaivior over this issue has been completely childish.  I will restate what I stated earlier in that the this "Band of Six" companies that you have moving at your whim has more than ever cast themselves as outcasts.  If you truly seek to run a reputable company...and have nothing to hide from your investors...then you would have had no problem with the Rule 144.  You and Bart can make all of the last minute statements you like that 'it had nothing to do with rule 144'...but go back and read the posts yourself...it clearly did.

It seems to me that the only avenue for clearing your companies reputation at this point is something that you evidently will not do....full disclosure.  A characteristic of another who has been in the financial news lately.

The WSE won't take you back.  SLCapEx now requires full disclosure.  Now Cocky is doing his part to make the ISE transparent...and the Band of Six jump ship to a foreign, non-functioning exchange.  How does that look to you Jasper?  Suspicious?

150,000L$ issue is very serious. It appears it has already hit the SL media and press!

Jasper Tizzy of Atlas Venture Capital (AVC) Runs off with 150K of ISE's Capital

Immediately following the International Stock Exchange's press conference scheduled yesterday at 6:30PM SLT - http://www.your2ndplace.com/node/445;

Jasper Tizzy in what appears to be his final act of desperation, departs the International Exchange with approximately 150,000L$ of the ISE's deposited capital. (See link and insert below)  

https://www.intlstockexchange.com/displaypressrelease.php?releaseid=193

* Insert from the above forum link to the International Stock Exchange*

Mr. Cocky Dagger is formally requesting the return of the funds immediately as they belong to the International Stock Exchange. This is a situation that can be resolved in a professional and responsible manner, please contact Mr. Cocky Dagger ingame to arrange a time to return the funds.

After reading all these posts, i think it is in the ISE's best interest to be rid of these 5 companies. If the unprofessional conduct of these company heads is any indication of their future conduct, it is better to dispense with them now and thus raise the overall safety and reputation of the ISE and also to prevent potential crises in future dealings with them. I think that some responsible individual who knows of these companies dealings ought to give VSTEX a heads up about these potential troublemakers, so that we can raise the overall reputation of SL Trading altogether. I certainly think that these companies that hop from one exchange to another should be held under a magnifying glass at this point for potential mishandling of their shareholders trust. In order to save their reputation there is a need to address the issues of why it is really necessary to keep hopping around. The shareholders have a right to know.

The CEO's transactions are on the research page.  To disclose my own, I have been buying back shares and cancelling them out for the company.  There will still be a dividend even with the share buy back program.  I have also reduced my personal holdings down to 800K shares, which once again means that the dividend will be higher per share.  At this time I can't say what it will be. 

Also, I have sold off some of the stocks that were owned by the company and took a small loss on them.  Not a huge loss, since the company doesn't buy very much stock.  In the past, capital gains has been the largest source of revenue, that won't happen this month.  Commission will be up due to larger volume and since the ISE now makes money off of IPO's.  Since cash balance has dropped over 1.2 million, the ISE is actually now making money on cash balances carried.  The last source of revenue, advertising, is way up.  

There will be a new feature that Dorothy suggest to me.  Companies on the exchange will be able to submit a 486x60 banner and improve exposure on the site.  This is a free service to help advertise the companies on the exchange better.  There will be a rotating banner at the top for any company that wants free exposure.  The ISE does about 6,000-7,000 page exposures a day.