DBourse FAQ reads: > Will other shares be traded on DBourse? > We don't know yet. This might be pointless, as another company > wishing to offer a DBourse-like stock issue may be etter to simply > create their own DBourse-like software. (You could say DBourse > itself could be "disintermediated.") On the other hand DBourse could > be an "eBay-like" stock market that is completely laissez-faire and > open. It is unlikely that any other shares will be traded on DBourse > in the remainder of 2003. DBourse would move only slowly towards > any new plans.
Robert S.Z. wrote: > No rules means everyone gets a go - Based on their comments, it seems they do not currently have listing requirements. Hopefully "eBay-like" and "completely laissez-faire" does not equate to "no rules", but we will see. DBourse FAQ reads: > another company > wishing to offer a DBourse-like stock issue may be etter to simply > create their own DBourse-like software That's what DMT did too. The problem is there is an inherent conflict of interest and large potential for fraud (price, volume and statistical manipulation/fraud) with the Exchange being run by someone who is also listed there. Witness the recent SEC conviction of StockGeneration. SEC wrote: > According to the SEC's complaint, the website described the > StockGeneration program as a "virtual stock exchange" in which > participants could buy and sell "virtual shares" in several "virtual > companies" at prices set by SG. The website stated that the share > price of one company, identified as "Company #9" or the "Privileged > Company," would generate a risk-free, guaranteed return of 10% per > month, or 215% per year. The complaint alleged that in April 2000, > SG unilaterally reduced the virtual share prices by nearly 100% and > stopped honoring investors' requests to redeem their virtual shares > and recover their money. More: http://www.sec.gov/litigation/litreleases/lr18181.htm Robert S.Z. wrote: > or is there an undemocratic, tyrannical system in which the > proprietors of DBourse get to pick and choose as they feel like? A *private* business creating their own rules is in no way tyrannical, its called propriety. The only problem is the aforementioned conflict of interest (DBourse cannot be in a position to judge and enforce rules against TGC if they are related). Adam --- You are currently subscribed to e-gold-list as: [EMAIL PROTECTED] To unsubscribe send a blank email to [EMAIL PROTECTED] Use e-gold's Secure Randomized Keyboard (SRK) when accessing your e-gold account(s) via the web and shopping cart interfaces to help thwart keystroke loggers and common viruses.
