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| Oct 21st 2008, 14:27 IHI CEO |
OPEN LETTER |
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[Português] Caros accionistas e publico em geral, Venho por este meio comunicar-vos que o atraso da entrada da cotação da IHI é completamente alheio à administração da mesma. Comunicamos dia 20 de Setembro à direcção da ACE que queríamos entrar em cotação, pois queríamos não só respeitar ao máximo a vontade dos nossos accionistas, como também não queríamos prolongar muito o prazo do IPO, como se tem generalizado e banalizado nos mercados accionistas. Passados mais de 30 dias, tem existido por parte da ACE vários adiamentos por diversas desculpas ou razões apresentas, muitas delas já comunicadas aos nossos accionistas pelas noticies do grupo, a IHI continua com o seu IPO aberto. Pergunto algumas coisas fruto de uma indignação partilhada por muitos de voz… É exigido as empresas cotadas que apresentem os seus resultados dentro de prazos limites? E quando as empresas não cumprem é lhes dada uma sanção muitas vezes a suspensão dos títulos. Que é genérico por parte das várias bolsas de valores do SL. E quando acontece o contrario? Quando as bolsas não cumprem prazos? Perguntem quantos negócios tem a IHI empatados pelo seu atraso em cotação? Ou negócios perdidos? Quantos investidores têm o seu dinheiro empatado em IPOs que nunca mais acabam, onde muitos já deviam ter terminado pois iniciaram muito antes que a IHI por exemplo…? Este empate todo não me deixa conformado… Se me dizem que é falta de tempo! Eu respondo, mas ouve tempo para realistar 2 empresas que eram da WSE? Só me resta uma questão, já levantada por muitos de vocês… será que os problemas de falta de liquidez financeira do mundo financeiro RL chegaram ao SL? Porque se não reparem, ao terminar todos os IPOs, o dinheiro das acções compradas era devolvido aos seus investidores, e assim continuam na mão da ACE. E como é tão óbvias empresas que venderam apenas 3% do seu IPO em 5 meses. E então quando falamos do caso da IHI, é igual, são valores que continuam nas mãos da ACE. Pergunto está tudo disponível? Para terminar todos os IPOs? Bem o porquê desta carta aberta? Muito simples, para ficar claro a todos os accionistas que as justificações que vos dou do atraso são as que a ACE me transmite. Lamento o facto de nunca terem efectuado um comentário público sobre o assunto. Espero que assim ao menos o façam. Resta-me sublinhar que nada tenho contra o mercado bolsista ACE, pois até o acho dos mais consistentes do universo SL, começo é a ter com a sua direcção ou políticas, e transparência. Pois acho para exigir que se cumpra dos deveres também se deve dar o exemplo. Os melhores cumprimentos, [English by google] Dear shareholders and the general public, I hereby inform you that the delay in the entry price of IHI is completely unrelated to the administration of it. Reporting day on September 20 to the direction of ACE we wanted coming into quotation, not only because we wanted to meet up the desire of our shareholders, but also did not want to extend the term of the IPO too, as is widespread and commonplace in equity markets. After more than 30 days, has existed for the ACE several postponements for various excuses or reasons given, many of them have already communicated to our shareholders by news of the group, IHI continues with its IPO opened. I ask a few things the result of an outrage shared by many voice ... It required listed companies to submit their results within strict time limits? And when companies do not comply with them is given a penalty often the suspension of the securities. What is generic by the various stock exchanges of SL. And when it does the opposite? When the markets do not meet deadlines? Ask how business is tied IHI for his delay in listing? Or lost business? How many investors have their money tied up in IPOs that never end, where many should have finished it started long before that IHI for example ...? This leaves me with no tie all conformed ... If I say it's lack of time! I answer, but playing time for realistic 2 companies that were the Wse? I can only an issue, already raised by many of you ... is that the problems of lack of financial liquidity of the financial world RL arrived in SL? Because if you do not notice, to terminate all IPOs, the money of the shares purchased were returned to their investors, and thus remain in the hands of ACE. And as is so obvious companies that sold only 3% of its IPO in 5 months. And then when we talk about the case of IHI, equals, values that are still in the hands of ACE. I wonder what is available? To end all the IPOs? Well why this open letter? Very simple, to be clear to all shareholders that the justifications that you give the delay is that the ACE I send. I regret the fact that they never made a public comment on the matter. I hope so at least they do so. Let me emphasize that I have nothing against stock market ACE, as to think of the most consistent of the universe SL, is beginning to have with its management or policies, and transparency. Well guess to require to meet the obligations it should also lead by example. Best wishes, Santinhos Noel IHI CEO | |
| Oct 21st 2008, 15:52 ACE trader since 2007/10/23 |
Re: OPEN LETTER |
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A IHI precisa sair! Temos uma boa base para iniciar, e já passou da hora de ser listada... O Mercado Português e Brasileiro do SL, será saudado nos próximos dias com a vinda da e-capex. Acreditamos que isso ajudará indiretamento no Mercado acionário geral do SL, e principalmente a IHI, que caso precise, terá nosso apoio para ser listada na e-capex, com mais investidores em potencial que a OIG tem contato. A e-capex só não saiu ainda por problemas que tivemos com o primeiro programador, mas está ai por sair. Um abraço e boa sorte a todos! Esperamos que a vinda da e-capex ajude todo o mercado do sl, uma vez que abrange novos paises e conta com a credibilidade da OIG. | |
| Oct 21st 2008, 16:47 ACE trader since 2008/07/31 |
Re: OPEN LETTER |
| YES! Why wait my money has been tied up in IHI for a while now. I have been waiting for IHI to go public and have been told many different dates, however ACE has kept extending the IPO! | |
| Oct 21st 2008, 16:55 ACE trader since 2008/06/15 |
Re: OPEN LETTER |
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Almost nothing to add! Stray wrote about his thoughts about community in General Discussion. We have here a company which did a great job during IPO and a community of shareholders who are really interested in this company, and who do really care. So, let's get started on the trading floor! | |
| Oct 21st 2008, 18:58 ACE trader since 2008/09/24 |
Re: OPEN LETTER |
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It should be noted that IHI is not alone in coming out of IPO onto the trading floor. VCGIF also has similar problems, the last communication from its CEO about leaving IPO being two months ago and a question about the lack of communication being asked in the VCGIF forum going unanswered. If I relate these problems to my own problem of a USD withdrawal being "In Queue" for two days now in contrast to the information on the USD withdrawal page, "ACE performs payouts in several batches per day, and your payment will be included in the next payout batch" this does appear to point to a problem of liquidity on the part of ACE. But anyway, the major shareholders have voted to move the company stock to public trading, the company has fullfilled its obligations in IPO so any funds held by ACE should be released to the company and the company stock publicly traded and fast. There's really no other option! | |
| Oct 21st 2008, 20:00 ACE trader since 2007/12/11 |
Re: OPEN LETTER |
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We are now in conditions, taking a look at many infos together, that all our money may have been managed in not proper ways. I believe that too many excuses mean something that is happening is treated like a secret. I got a challenge for the ACE management. Show us a printscreen of the SL account where the IPO money is. Prove to all us that there is liquidity where it has been before. If you don't have time to do so, you shouldn't be loosing your time making coments over Forum topics ;) Santinhos is absolutely right. If we do not go by the rules, we get issues. If they don't go by THEIR rules, we must wait... and hope for better days. If the company has no conditions to keep rolling , then they should hire people. If they can't, they should shut off the business. | |
| Oct 21st 2008, 20:49 |
Re: OPEN LETTER |
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As I said in another post, people don't get what they want they go off. Now, instead of "maybe they are taking care of issues" or "maybe they have alot on their plate" or even "hey, lets see what they have to say", it goes stright to they dont have the money, they need to prove this, the sky is falling, we are all doomed. How about with your requested proof they provide the daily accounts of issues and problems of the over 2500 members of this exchange, the business side of the exchange, staff issues, server issues, website issues, greifer issues, support tickets, accounting, searching for and fixing exploits like the display exploit of 999999.9999many were upset about and crying over. But hey they fixed that, we need something new to be upset over. The people who jump on board and start crying foul always turn out to be the ones tucking tail and running. Yes it seems there is a delay, but where do you people get off saying it is because of improper management, or money issues. Where is your proof, prove they have mismanaged something and allow them to prove you right or wrong. Instead of trying to go into areas close to defamation. Which is punishable by law if you wanted to know. | |
| Oct 21st 2008, 21:01 |
Re: OPEN LETTER |
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I find it funny how people are attacking the credibility of this exchange, even the CEO is leading down the path of attacking. I would not want to attack the exchange I was trying to list on. Freedom of speech is the strongest feature of this exchange (as other ones ban and seize investments of members doing that) but it is not an invite to bite the hand that feeds you. The CEO should update his/her investors, not lead a party of people attacking the exchange. A CEO that jumps the gun and goes off on an attack against the exchange will lose many serious investors, many of the top money movers here would not have invested their full target amount here, they would wait and see how you act and do business, this is a bad start, delay or not. It is all about how you handle the situation, and again, starting a ACE bashing party is not the way to handle it. | |
| Oct 21st 2008, 22:31 ACE trader since 2008/07/31 |
Re: Stray Underwood |
| We are not attacking the credibility of the exchange. I personally have faith I Ace-Exchange, More than any other SL based exchange. Ace-Exchange has proven its self as 1 of the first true exchange in SL with legitimate purposes, unlike the many others that have fell. However I do belive that this IPO and many other IPO'S in line to be listed have been delayed to long, whether this be due to server problems, greifers, etc... It is irrelevant Ace-Exchange should have notified us that this was the reason, not give us other reasons like they had done. I believe that Ace-Exchange is a good exchange and would not like to see it lose business over something so simple to fix. | |
| Oct 21st 2008, 22:46 |
Re: OPEN LETTER |
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Well, thank you for clearing that up Wombat, please let us all know how this simple fix goes? Since you know what the problems are, why not clear it all up and provide ACE with the method to fix it, then we can be done with this. | |
| Oct 21st 2008, 23:00 ACE trader since 2007/12/11 |
Re: OPEN LETTER |
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I like the word defamation... I'm not doing so, as you (Stray) might think. I've been listening for many excuses, different excuses, for one thing only. IHI is not in the Trading room. Looking at this website and it's features, I believe it's an easy process to put the company out of IPO status. The CEO has responsability to tell us (shareholders) what is happening. If I were CEO of IHI, I would tell the people a date for go on trading room, and then for sure would like to make my words be true. That didn't happen, and probably I would be mad about that. | |
| Oct 21st 2008, 23:17 |
Re: OPEN LETTER |
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"Instead of trying to go into areas close to defamation." "Areas close to defamation." To clear that up for you. But as a CEO you can be mad, what I am saying is be careful of how you deal with it. And yet another person telling us it is easy to do this, as I asked Wombat, please let ACE know these easy steps you have. I did not realize us investors were privy to such information as to the back end system, and proses. And why are you so sure that the only problem currently there is IHI not being traded? Is it only more important because you have invested in it? | |
| Oct 21st 2008, 23:20 |
Re: OPEN LETTER |
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"you shouldn't be loosing your time making coments over Forum topics ;)" I have yet to see ACE staff wasting time commenting on stuff yet, so I do not see them wasting anytime on anything in here. | |
| Oct 21st 2008, 23:27 |
Re: OPEN LETTER |
| Also if I were IHI's CEO I would do my best to keep a good vibe around my company and use this time to sell more shares, the issue(s) are known nothing is gained by going on the attack. More can be gained by making the best of a bad situation. | |
| Oct 22nd 2008, 00:52 ACE trader since 2008/09/24 |
Re: OPEN LETTER |
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Personally, I can't believe we're actually having to discuss this. But hey let's wait and see what the next day brings .... and the next, and the next .... I think everyone who runs financial services like exchanges have a duty to run them in an efficient and above all honest fashion because if they don't, lesser mortals probably with only a few Lindens in the system are going to start complaining to LL and LL are going to respond by shutting down all financial establishments. Hey, remember the banks? | |
| Oct 22nd 2008, 01:00 |
Re: OPEN LETTER |
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Well I will end my part of this with a last reply. We went from a delay for trading status, to exchanges being closed. This is the stuff I try explaining is the true end to our community, people that go on about rip offs, scams, dishonesty, and the end of exchanges over simple things like a delay. A delay no matter how long is a delay, not the end of the world as we know it. | |
| Oct 22nd 2008, 01:50 ACE trader since 2008/09/24 |
Re: OPEN LETTER |
| Stray, the question of VCGIF being in the process of being moved to public for nearly three months is a little longer than a delay I would say!! | |
| Oct 22nd 2008, 07:55 ACE trader since 2008/05/06 |
Re: OPEN LETTER |
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I just would like to underline that the IPO should have closed over a month ago, as stated in another post by Santinhos Ace suggested to delay for some days!! And i agree it was a good move because IHI was having a good momentum, but now there are no excuses!! Especially lack of time...this is hard to believe especially because for example because PFW was having priority on IHI, and i ask myself why? Well maybe PFW did not need any disbursment for ACE? About VCGIF i think the story is different, in this case the IPO was not so succesful as IHI so they decided to wait more. Now pls let IHI work, especially because we are wasting time and rl market doesn't allow us to do it | |
| Oct 22nd 2008, 14:01 ACE trader since 2008/07/28 |
Re: OPEN LETTER |
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I usually don't like to make pressure about a thing like this, but i think it's becoming unreasonable at the least. The Ace's credibility begans to be questioned by all financial market at sl due to this and others "delays". Let us hope that ACE's CEO wishes to maintain is credibility among other markets as we all now and don't let it being "thrown to the mud". Business oportunities probably went unprofitable due to this delay and all stategy planned by the CEO of IHI can be comprimised if it continues this way. It's time to act, and the time is now. Best regards, Migael Bellic | |
| Oct 23rd 2008, 06:08 ACE trader since 2008/09/24 |
Re: OPEN LETTER |
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Migael, Ace's credibility is not being (QUOTE) "questioned by all financial market at sl"(UNQUOTE), not publicly to my knowledge anyway. I continually search for information about ACE and have not found anything so far. I think we all need to keep this discussion informative without degenerating to slander, libel and defamation. We can say that to the best of our knowledge something looks to be so and back that up with proof but we cannot say that something is definitely so without proof of the fact. That proof can only come from ACE's validated accounts to which none of us has access at this time. So let's keep it friendly huh. | |
| Oct 23rd 2008, 12:05 IHI CEO |
Re: OPEN LETTER |
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Attention has never had the intention to defame or say something against ACE, as a company, or as market. Because again I stress that I consider the best time of stock market in SL. This served to call attention to inform everyone that the delay of IHI to be listed was not due to the company, not the CEO, but a bureaucratic part of ACE. The attention of the management body of ACE believe that a serious flaw in order to improve these entire for well of the market. It is important to retain some thoughts that went through here: “I have been waiting for IHI to go public and have been told many different dates, however ACE has kept extending the IPO!” “Stray wrote about his thoughts about community in General Discussion. We have here a company which did a great job during IPO and a community of shareholders who are really interested in this company, and who do really care. So, let's get started on the trading floor!” “Santinhos is absolutely right. If we do not go by the rules, we get issues. If they don't go by THEIR rules, we must wait... and hope for better days.” “It is irrelevant Ace-Exchange should have notified us that this was the reason, not give us other reasons like they had done. I believe that Ace-Exchange is a good exchange and would not like to see it lose business over something so simple to fix.” Too me this last one says it all! “Especially lack of time...this is hard to believe especially because for example because PFW was having priority on IHI, and i ask myself why? Well maybe PFW did not need any disbursment for ACE?” | |
| Oct 23rd 2008, 14:30 |
Re: OPEN LETTER |
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"We have here a company which did a great job during IPO and a community of shareholders who are really interested in this company" You do not judge the community aspect by what they buy, everyone in my area buys pepsi, does that make us a good community? | |
| Oct 23rd 2008, 14:57 ACE trader since 2008/06/15 |
Re: OPEN LETTER |
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As it was originally my statement, I explain what I mean. The inworld group of IHI has been working very well, regarding communication it was much better than at most "established" companies. Personally me and another shareholder were invited by CEO Santinhos to the head quarter and he explained his business and his intentions very well, though I am not one the "top" buyers. To sum it up I got to know more co-investors of IHI and communicated with them than at most other companies. In a way my personal view of "caring about a company" instead of "crying for money". Best regards Anja Drevnerussky (still contemplating about Pepsi Community) | |
| Oct 23rd 2008, 15:24 |
Re: OPEN LETTER |
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Well I am all about trying to wake up this community, so I am happy the IHI investors of the community are communicating, too bad they did not do so as an ACE community, but I will take what I can. About my Pepsi statement, the point is people who buy Pepsi will talk about their love of it, and talk crap about coke. That does not make them a community. More so people who buy a sub brand of pepsi lets say diet pepsi (in this case it refers to IHI) who talk bad about pepsi because their shipment of diet pepsi has not hit stores, truly does not show a community, it shows they care about diet pepsi and not the parent company.... Did i really just go into detail with that, im sorry i am tired or something 0.o Also the vote shows 3 votes, one of which are mine, go IHI community go. | |
| Oct 23rd 2008, 15:45 IHI CEO |
Re: OPEN LETTER |
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Let me say that the analogy to the Pepsi is not happy. The issue of the votes is not important here ... it seems that a company that has been duly go to the listing, and it expects to more than 30 days to do so, which has returned 3 different explanations, ... it seems that this company is that it is wrong!! And doing something unethical demanding what is right ... and that a party that is missing ... is the victim ... one thing would avoid this post ... a public clarification from the ACE ... what didn't happened ... I then had to clarify the shareholders and stakeholders in IHI. Yes I agree that a company that sells well in IPO is not an excellent company. So the thing is simple ... Let us prove it in quotation! | |
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