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Dagmar Heideman
Bokko Dancer
Join date: 2 Feb 2007
Posts: 989
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03-17-2008 16:46
From: Colette Meiji I feel like no one from outside the US who wants gambling, and quite a few inside the US who want gambling will ever "GET" what you just explained.
I think its a lack of motivation to really understand what happened.
And to differentiate a difference between a straight online gambling ban in the US, and a commerce with gambling sites ban which is the real issue.
Since the same people bring it up more than once or participate in the threads, but still can't see the distinction. QFT I think it was stated at least twice by two different posters before that the servers could be on Mars and it wouldn't make a difference. Back on the main subject though, IPO's may seem like an appealing way to raise capital for a company from a layman's point of view but as others have stated, financing through that method is not a good fit for all companies. There are lots of drawbacks to being a publicly traded company to consider including a significant increase in legal and accounting fees on a regular basis just to deal with regulatory compliance and SEC filings. The legal and accounting fees for just the IPO can be staggering. The current state of the economy within the U.S. will most likely take minimally over a year to put the investor market in a place where a business like Linden Lab would be marketable as publicly traded company. I doubt that they would be able to find a strong underwriter to lead such an IPO until that time. |
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Argos Hawks
Eclectically Esoteric
Join date: 24 Jan 2007
Posts: 1,037
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03-17-2008 18:03
From: Desmond Shang Philip is Moses. Let my people rez!
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Step 1: Create virtual world
Step 2: ???
Step 3: Profit
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Gabriele Graves
Always and Forever, FULL
Join date: 23 Apr 2007
Posts: 6,205
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03-17-2008 18:23
From: Argos Hawks Let my people rez! lol Phil came down the mountain with two rezzed prims of stone, the TOS and the CS.
_____________________
 Trout Rating: I'm giving you an 8.2 on the Troutchter Earth-Movement Slut Scale. You are an amazing, enchanting woman, and, when the situation calls for it, a slut of the very best sort. Congratulations and shame on you!
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Feline Slade
Hatstand 2.0™
Join date: 19 May 2007
Posts: 201
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03-18-2008 04:52
From: Dagmar Heideman IPO's may seem like an appealing way to raise capital for a company from a layman's point of view but as others have stated, financing through that method is not a good fit for all companies. There are lots of drawbacks to being a publicly traded company to consider including a significant increase in legal and accounting fees on a regular basis just to deal with regulatory compliance and SEC filings. The legal and accounting fees for just the IPO can be staggering. The current state of the economy within the U.S. will most likely take minimally over a year to put the investor market in a place where a business like Linden Lab would be marketable as publicly traded company. I doubt that they would be able to find a strong underwriter to lead such an IPO until that time. I have worked for 2 pre-IPO companies that were intent on an IPO, doing all the right things to position for that IPO, and then both companies suddenly ended up bought by other companies. If the right cash comes along, it'll happen. Dagmar's explanation above is why... IPOs are expensive, and a lot of trouble. A straight sale is appealing to the people who stand to gain the most. Not that I wouldn't be curious to watch the process of a LL IPO. I would get out my popcorn, pull out the foam fingers, and sit in the bleachers to watch with great fascination. But I'm not convinced it'll happen. |
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Ciaran Laval
Mostly Harmless
Join date: 11 Mar 2007
Posts: 7,951
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03-18-2008 05:34
From: Colette Meiji I feel like no one from outside the US who wants gambling, and quite a few inside the US who want gambling will ever "GET" what you just explained.
I think its a lack of motivation to really understand what happened.
And to differentiate a difference between a straight online gambling ban in the US, and a commerce with gambling sites ban which is the real issue.
Since the same people bring it up more than once or participate in the threads, but still can't see the distinction. Well part of the issue is that the laws are complicated. Online gambling isn't banned, plenty of US citizens gamble online, horse racing, fantasy sports and online lotteries aren't included in the UIGEA anyway. |
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Usagi Musashi
UM ™®
Join date: 24 Oct 2004
Posts: 6,083
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03-18-2008 05:48
From: Ciaran Laval Well part of the issue is that the laws are complicated. Online gambling isn't banned, plenty of US citizens gamble online, horse racing, fantasy sports and online lotteries aren't included in the UIGEA anyway. Let me add alittle information here with this link......... http://www.americangaming.org/Industry/factsheets/general_info_detail.cfv?id=32 |