All posts by Revolvo Rotaru
| Feb 15th, 17:19 Revolvo Rotaru |
General Investment Discussion » WSE - The Timeline Expands Re: WSE - The Timeline Expands |
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| That WSE hasn't re-opened and won't until "late February" (read: March! Or Never! late enough for ya?) comes as no surprise. I haven't and won't read the announcement - Luke has spoken out of so many different sides of his mouth as to make any statement meaningless. Oh, I'm sure he has answers... none of them any straighter than Colorado River. Many of the messes on WSE can be attributed to his poor management, and his describing his default on his own bonds (!!) as "moving payments forward" (for the supposed benefit of all) bankrupted whatever credibility he might have had. Is he still saying things like "dividend payments are contingent on WSE's success" or other such vague promises? THERE's a reassuring promise for ya. If only there was a way to short his stock... Hold him responsible in a major way for LL's sudden policy bomb. |
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| Feb 21st, 11:38 Revolvo Rotaru |
General Investment Discussion » A Simple Suggestion Seconded |
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| This suggestion would go a long way in smoothing the ruffled feathers of not all, but many. There'd be less grousing and panic selling. Mind you, I like a buying opportunity as much as the next avatar, but a slaughter of the ignorant raises a stench we all must wear. |
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| Feb 21st, 11:56 Revolvo Rotaru |
General Investment Discussion » Best Investment Yet Re: Best Investment Yet |
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| Spm -- Does any RL bank ask your permission before investing your money into other businesses? Or do you think they manufacture your interest by magic? It's not fraud - it's banking. LL gave JTF no opportunity other than to come up with a new business model on a very short notice (or just go away). I notice Arbitrage is still responding to posts; please tell me why he didn't just bail out SL altogether, leaving his depositors with NOTHING convertable. |
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| Feb 21st, 12:24 Revolvo Rotaru |
General Investment Discussion » A little trading advice please Re: A little trading advice please |
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| Dave, I'm seeing some excellent advice here. I'd echo iVentures comment regarding who to talk to, especially when you're dealing with SL investments. I'd extend his advice to potential investors to CEOs & companies as well - a Mission Statement should be concise and plainly worded. Big bid/ask spreads usually indicate either an uncertain market (in the case of the CapEx, especially since trading has re-opened with liquidity issues - that is, much fewer actual L$ in the system to trade with until a steady flow of deposits return), or a lack of activity in a stock. On this site's Trading page, these stocks will tend to show very low volume numbers. Incidentally, the current value of SLW was roughly predicted by the pre-coversion activity: the most actively traded stocks rose as those with existing L$ balances purchased them to avoid having their L$ converted in SLW shares. They rose roughly 1/3 - indicating that the consensus among CapEx investors at the time was that the value of SLW would fall about 1/3 before the values of the stocks they bought would do the same. Market psychological behavior like this can be an effective rough predictor of future activity, and in fact this is what has happened on the Capex: SLW aside, the value of stocks on the Capex have fallen in an amount equivalent to SLW's decline coupled with the pre-conversion run-up of these other stocks. Or put more plainly: In general, if you'd left all your L$ in cash (not bought up other CapEx stock), and had it coverted to SLW right now at market, you'd come out roughly the same as if you'd bought other CapEx stocks at market just before the conversion and then sold them at market now. And: that the market has functioned to predict the value of SLW. Pop quiz: when volume and prices pick up on the rest of the market, what does this predict for SLW? |
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| Feb 21st, 12:35 Revolvo Rotaru |
General Investment Discussion » SLW Conversion - Business Strategies Business Strategies |
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| At this point, I'd prefer SLW not establish itself as yet another virtual currency, nor make plans to: 1. The market is too unsteady right now. 2. It would smack too much of the GPB/WSE/WIC debacle: there would be little faith in developments that resembled other failed models. We're already too close and need to work on differentiating from them as much as possible. 3. It is important to the shareholders that management make it their priority to focus on what are already far-reaching goals (as stated in the prospectus). Stabilize that first, become robust second, take private (as outlined in the prospectus) third. 4. Not sure, but wouldn't LL take a dim view of this as a possible ToS violation? Hedge their currency? Best hedge would be hard currencies. |
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| Feb 21st, 14:39 Revolvo Rotaru |
General Investment Discussion » SLW Conversion - Business Strategies Re: SLW Conversion - Business Strategies |
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| Leadership is the key to a successful model; my point is that there will be further parallels drawn if this path is chosen is chosen regardless of how excellent management is. This would erode the trust of existing customers and scare away new ones - and right now, given the flight of depositors, JTF needs new capital. I agree with your other statements and sentiments. The bank customers deserve better than being passed a bag of paper and being asked to wait. |
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| Feb 22nd, 08:36 Revolvo Rotaru |
General Investment Discussion » WSE Re-open Pool Re: WSE Re-open Pool |
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| I'd bet Never... but then I'd never win. Oh, wait... the prize is WTF shares? I bet Never. |
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| Feb 22nd, 08:51 Revolvo Rotaru |
General Investment Discussion » SLW buyback price Re: SLW buyback price |
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| This has been the source of some confusion, with continued repeated statements by SLW staff that they will be buying at 1.03, in contrast to what the prospectus says about an eventual *buyout*. What Reina has said comes to this: -Buybacks: When piecemeal buybacks start, it will be on the open market at 1.03. They won't be buying ALL of it back, just a certain not-yet-announced amount. -Buyout: When the company is taken private (as outlined in the prospectus), all remaining shares will be purchased at 20% over the market bid or 1.03, whichever is higher. However, the prospectus says *nothing* regarding the piecemeal buybacks. This is merely something planned by management and not part of the stated business plan, unlike the buyout. This help? |
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| Feb 22nd, 23:55 Revolvo Rotaru |
General Investment Discussion » SLWallet Conversion Re: SLWallet Conversion |
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| I'd like to see this too. | ||
| Feb 24th, 12:27 Revolvo Rotaru |
General Investment Discussion » WSE Re-open Pool Re: WSE Re-open Pool |
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| Sorry, Scott and Eclipse. I already chose Never. Will there be a Museum of Pompous Expectations? |
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