In a lengthy and somewhat hard to follow press release due to the inadequaecy of Goggle's Portugese Translation Program, OIG(ACE) CEO Bencly Sewell recounted the events that have taken place during OIG's first year of public trading. Indeed, it has not been a simple year for the Second Life Economy, with bans on gambling and banking throwing large monkeywrenches into many portfolios.
OIG recently announced the shutdown of it's RPG and region Furfall, and on November 14th placed a public release asking to exchange an estate for shares in another company.
"Another negative point is the large decrease in liquidity of the stock exchanges of SL." Sewell said in a November 13th press release, "This is hindering the market also."
Also stating on the 14th, Sewell added, "Thinking on our performance and our characteristics, OIG is reviewing the possibility of sponsoring the construction of a stock exchange in Portugese to bring more investors from Brazil and Portugal. The idea is that the stock market contributes to the entire sl economy. We will work on attracting more investors, and we will try to examine more thoroughly the companies we invest in, and focus accordingly. We need more investors and capital in quantity."
OIG has also apparently suffered serious losses in BNT(ACE).
Sewell made another mention in today's press release of a desire to open a new stock exchange aimed at Portugese speaking users.
In response to the statement Brautigan said, "we are not selling a copy of ACE's script. We are going to be adding an easy translation feature, however."
Published by Nicolo Luminos
I am a journalist in SL who covers a wide spectrum of topics. Currently working on: Financial Sector Documenting RL/SL Synergies Travelouges/Event Coverage View profile
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