At 12:31 PM -0700 6/17/03, James A. Donald wrote: > -- >When shares are issued, those shares need some independent >authority to check that the business exists, that the owners >are not looting it, and so forth. That authority does not >have to be a state or state sponsored, but right now non state >sponsred institutions to perform this task are very weak. ...
Hi James, (I'm no authority on this stuff, this isn't investment advice, I'm frequently wrong about all sorts of things, etc.!) But... TGC certainly exists, it's the oldest "real" casino in the e-gold universe. I'm not sure I'd believe any "independent authority" if they said otherwise. The owners might loot it, but their pattern of behavior thus far has been to build a profitable property for the long-run, and as time goes by their interest becomes even- more long-term, IMO. Real casino owners (even mobsters in Las Vegas!) don't wish to kill their "golden goose." TGC's a real casino, so it's probably really-profitable without any looting... These days I'd trust the government of Sealand about as much as the SEC to regulate these guys; they've done a good job of it so far (the regulation, that is, Sealand's connectivity has been a bit spotty in the past, as many here know). DBourse has NO front-running problem to *need* regulations, for example. It's a beautiful thing. I now wonder if "White Bear" will offer shares, and whether (if so) they'll offer them on TGC's DBourse!? JMR --- 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.
