SL Capital Exchange Forums

Aug 7th 2007, 13:13 Arbitrage Wise	Edited News Posting: BNT Repos CYB Land For Shareholders
	The following was removed from BNT's news posting and moved here.... Some have complained that Fortune Rang's RL ID was not public. AVIX executives are making excuses why it was not. This case is exactly why EVERY CEO's RL ID should be public. Transparency imposes accountability. You refuse to be accountable, you shouldn't be a CEO, or have a listed company. I was the first CEO to voluntarily disclose my RL ID to the public, before this was ever considered something important. As CEO of BNT with significant stock holdings in all three main exchanges, I will not invest in companies anymore whos CEOs have not disclosed RL ID. AVIX takes far more precautions than WSE does, and someone still walked away with piles of cash. The due diligence responsibility of exchange owners/managers should include doing RL background checks which the CEO pays for, and every IPO should reserve at least 5-30% of the IPO money in escrow, depending on the age of the avatar, their companys age, preexiting profitability, and degree of CEO RL ID disclosure, releasing the escrowed funds over a 3 month period. In the end, it is up to investors to care more about the money they have than the prominently proclaimed promises of potential profits that anonymous ghosts behind avatars promote. If you give your money to a ghost, you should not be surprised when that ghost poofs.
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