Beck Investment Banking Joins Sarah Nerd Estates in WSE Terminal Fallout

From SLReports.net

Joining in today's announcement by Sarah Nerd Estates(SNE : WSE) that complete liquidation is the only recourse, Beck Investment Banking(BBIB : ISE) has been valuated for a final shareholder distribution by ISE CEO Cocky Dagger.

The spectacular, and in many ways, overwhelming dissolution of the World Stock Exchange (WSE), brainchild of LukeConnell Vandeverre, a by some estimates L$1,000,000,000 has been lost to investors and companies alike in what has turned out to be the biggest failure in Second Life Financial History.

The November 30th announcement by Vandeverre that the WSE would continue to exist, but in some form and fashion not at all related or associated to Second Life, came not as a surprise, but for many, a relief after almost a year of investors being held hostage by the hope that some recovery of assets may take place. The Real Person behind Vandeverre's avatar, Luke Connell of Melbourne, Austrailia, may be protected by thousands of miles of ocean, complicated international civial and crimial law, supposedly protective disclaimers on the WSE website, and ultimately, as one market observer stated, "The Lobster Approach---he took the wallet so slow that nobody noticed until it was already gone."

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