Santinhos Noel Urges Shareholders Not to Sell Cheap

In a Press Release prior to the first day of trading, IHI(ACE) CEO Santinhos Noel urged shareholders not to sell cheap.

"Investments of High Income is now in quotation and we highly advise not to sell anything below L$1.15. We believe, at this point in time, it is best to hold shares."

While it is common in many cases for brand new IPO's to see drastic drops in their first few trading sessions, instead IHI(ACE) rose .07 to L$1.07.

"We are trying to gain profit, but working towards making a gain and dividends at the end of November is going to be our priority."

Noel is notable for being the first Portuguese-Language CEO in the SL stock exchanges, and Noel has hopes of using his position to bring more Brazilian and Portuguese speaking persons into the financial markets.

"The capital is there, there are growing projects by the community that speaks Portuguese, however it is a community that is not open to the world, takes place on itself and the lack of knowledge in the capital markets in Second Life, and lack of confidence, that deviates from the world." Noel said in a statement made to Associated Content, "The long-term goal is to put the community in growing as it is, but open to the world and make known to all of second life, these major projects, and at the same time inform, give confidence and support, so that these numbers do not translate only into avatars but also assets in Second Life, but it is also new investors and new entrepreneurs in Second Life financial markets."