Penny Blue Association Pulls Profits Out of Weak November

The Penny Blue Association (PBA : VSTEX) announced a profit for the month of November, but warned that a massive loss may be incurred from the WSE in December.

"November was quite a good month for PBA as we continued to operate with profit despite slow movements on SL capital markets," CEO Munito Jacobus stated in today's press release, "During the month we have also opened a headquarter in Dubrovnik, and an office in Zagreb. An official announcement on WSE did not solve our situation since it is still not clear what will happen with companies listed on that exchange. In case of write-off of these assets we are looking at a loss of some L$ 80,000."

The World Stock Exchange (WSE) stated yesterday that it will no longer be listing companies involved in Second Life. Where this leads WSE market bellweather Sarah Nerd Estates is not at this moment certain.

PBA(VSTEX) net income totaled to L$15,273 out of which L$3,000 was paid out in dividends to shareholders.

"For next month we expect a decrease in net income with possible write-offs of our assets based on WSE." Jacobus added.