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Hello people of the New World, today I present you something different from the other articles. In the last article I promissed an interview with the CEO of Wallis Corporation, Cloyd Wallis and after some time, I decided to publish the interview. I apologize to him for not doing it sooner as promissed but I didn't had much free time and I totally forgot about that. Now without further ado, I bring it to you:



Mr. Wallis tell us something about the whole Wallis corporation.

Prior to the opening of the Wallis Stock Exchange on Day 1602, I had been wanting to put my companies (Corporation) up for public interest. I figured it would help other people out, generate some more money for me to build the corporation and who knows where it could go possibly another bank in eRep? So I started planning it out.

I already did this on another game, cyber citizens... although after years of playing there and about a year and a half of running a company with stock, I am becoming tired of that game and it shows as I miss logging in typically a week at a time. So soon I will transfer the company to the share holders there and leave the game.

Thus, I had even more intentions to start something here, the game that has always held my interest. Although, due to a lack of programming and coding skills I was unable to make a website. So I searched and searched forums after forums trying to find something that would work (As I used forums for the other game's stock market I made). Forums work effectively but it just isn't the same when comparing it to what T'Jelle Bank had in eRep a year or so ago.

Then I found Wix.com. It is amazing! Even a monkey could create a website! So I used that. No matter how legit I made it look though, I still couldn't find a way to make it easy for transactions. Or for other corporations to list.

Here's the link to the website: http://www.wix.com/ligonierwolf/wallisstockexchange



To begin, lets start with the selling/purchasing of stocks.
These shares are not controlled by Wallis Corporation. Meaning that you are not only going to be able to purchase from and sell back to Wallis Corporation directly. Although this is how my website conveys the stock to be, that is a result of my lack of programming skills to find a more efficient and appropriate manner to allow just and fair trades amongst individuals.
These shares are market shares and will reflect what investors are willing to pay when it comes to their selling value.



Dividends:
Dividends will be the main source of income from your investment. How will this work? Each week, (Wed. night EST.) I will adjust the Corporation's equity and do appropriate accounting. At this point, I will take the weekly income of the corporation and divide it amongst the share holders.

Market Driven Prices:
Additionally to dividends, you can make money on your investment by selling your shares when the value of trade is higher than your initial investment.
This is typical for stock, however, it is risky, you may also end up selling at a lower value. None the less, the dividends will remain a constant source of income for your investment.

Common Stock:
What does this mean? Common stock is the most typical kind of stock issued by companies/corporations. This stock is stock that intends on generating an investing opportunity for the share holders. It does so through the use of dividends.

Authorized and Unauthorized Shares
Authorized shares is the shares that the corporation have listed for sell. From the original issuance of shares, Wallis Corporation issued 2000 shares of common stock. Of that 1000 shares are authorized and 1000 are unauthorized. What that means is 1000 shares were available for public purchase and 1000 shares (the unauthorized) are being held by Wallis Corporation, nfs.

Preemptive Rights:
What does this mean??? It is very simple and it protects you. Preemptive rights means that if the corporation is going to issue more shares, say for example, 2000 more shares. I would have to give all current share holders the opportunity to purchase their current holding in the new shares.



Here's an article in which all of this is explained very thoroughly:
http://www.erepublik.com/en/article/wallis-stock-exchange-explained--2005503/1/20

I want you to read it and invest, because my friend Cloyd has put a lot of work in it and that work has to pay off. I already invested and I hope you'll do it too. In the upper mentioned article there is also a short FAQ/Q&A in which you can find answers to some of the most frequently asked questions.


CHECK Wallis Media for updates.

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Yeah I know that there are grammar/spelling mistakes, I apologize for that but I'm too damn lazy too look for them and repair them.

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Now go and get drunk...or laid...or both...

Sincerely,