Bellweather BDVR Announces Aggressive Stock Buyback Plan
CEO Robo Marx Calls for Release of LL "Communist Grip"
BDVR(ACE) in it's less than year of existance has already returned it's original IPO value in dividends, which is more than enough to prove it's bellweather status. Even with this track record, BDVR(ACE) had been trading at just 10% above original IPO price, and while a depressedOn October 24th, just a day after making scathing remarks publicly toward Linden Labs and various policies that they seem to be intent on implementing, Robo Marx came out and announced an aggressive BDVR(ACE) stock buyback plan.
"I was told in no uncertain terms today by Harry Linden that placing objects on land for sale may be a violation of LL policy. Not sure where this ends, but the policies enforced by LL have destroyed the grid enough, I guess they want to see if they can get low end land prices down to 0L$ per sqm," Marx stated in an October 23rd press release, "I replied that I would like an in world consultation to figure out exactly what it is LL wants from us, and further clarification of their play as they go rulings."
Marx went further, asking for support in direct action. "Please feel free to write Harry or Jack Linden in world to ask them when they will release this communist grip that is destroying Second Life."
Marx even mentioned that the Real Estate market in Second Life direct competitor OpenLifeGrid may be a viable future avenue for investment. Resident migration is a problem that Linden Labs has seemed to be exacerbating rather than improving.
The October 24th announcement of the stock buyback plan included details explaining that BDVR(ACE) will be buying the stocks throughout the month, not at one time, to help keep the market value stable.
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