12 August 2007

Watching Ginko Closely

To be played softly while reading this article:

This letter just arrived in my mailbox. for those of you who have funds currently trapped in with Ginko Financial, it bears reading:

Dear Customer,


All Ginko Financial account holders now have an account on the World Stock Exchange and all Ginko Perpetual Bonds have been issued.

Any Ginko account balance with decimal values has been transferred to your new WSE trading account balance. WSE trading accounts earn a base yearly interest rate of 15.95% calculated daily and paid fortnightly (every 14 days). *Subject to change without notice.

If you did not have an existing WSE account please reset your password by visiting a WSE ATM and typing: "reset password".

You can view a list of WSE ATM locations by visiting: https://www.wselive.com/education/atms


World Stock Exchange (WSE) is a fictional securities exchange developed for use in virtual worlds such as Second Life. The exchange provides Virtual companies with the ability to raise capital using the fictional Linden and World Internet Currencies.

The journey started in December 2006 with an opportunity which was followed by the vision of Australian entrepreneur Luke Connell. Today the concept of an Internet based World Stock Exchange servicing the virtual world community of Second Life has achieved over 24000 trading accounts and over 60 virtual companies exceeding 400 million linden dollars in trading volume. The WSE has exceeded all expectations however it is an emerging and development market that will always be improving. This is only the beginning.

The World Stock Exchange includes enhanced security features such as 256-bit SSL encryption, Risk API for Second Life residents along with the ability for general Internet users with a browser to trade on the World Stock Exchange using the World Internet Currency.

The World Internet Currency acts as one fictional currency bridging the gap between the real and virtual worlds. This will encourage growth in the virtual economies around the world especially in Second Life while providing the everyday Internet users with the ability to LEARN - HAVE FUN AND PROFIT.

By visiting and using the World Stock Exchange website (www.wselive.com) you will be accepting the WSE Terms of Service ("TOS" located on www.wselive.com. Please read them carefully and if you disagree with the TOS in any way, then do not use the web site or services provided by the World Stock Exchange.

The WSE provides users with a fully automated trading platform that operates 24 hours, 7 Days per week. Traders have access to real-time and historical trading data allowing them to make informed decisions.

To learn about the World Stock Exchange and how to use the our services please visit our Education Centre which can be found at https://www.wselive.com/education


*'Virtual Company' refers to an Internet based business generating income from a fictional currency and includes many businesses based in virtual worlds and 3D multi user environments such as Second Life.

'Fictional Services' are all "Fictional" services provided by HopeCapital on the World Stock Exchange. Fictional services are an imaginative creation in a simulated gaming and education environment that are without basis in reality and hold no legal monetary or asset value.

'Fictional Currency' is used as game tokens and have no monetary value in and of themselves and as a result are not be taxable as income. In most cases a fictional currency constitutes a limited license right for use by account holders and is subject to the terms of each Fictional Currency provider. The World Stock Exchange supports the "Linden Currency" (Linden Dollar, LND$, L$, Lindens) and the "World Internet Currency" (WIC, WICS, W$).

The financial and group operations of a virtual company are controlled and managed by the controlling WSE account holder who is assigned with the title CEO.

Kind Regards,

LukeConnell Vandeverre,
Chairman and CEO,
World Stock Exchange

Kind regards,
World Stock Exchange

An interesting turn of events, to be sure. a 15% p.a. return may be considerably lower than what Ginko was offering, but more realistic (although this rate is normally associated more with credit card bills than most deposits)

I gotta ask: will you hold, or will you fold? Replies in the comments please :D

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