HUB.MN (CS) | An abundance of nominations have been made as the premier annual awards ceremony for the Micras Community prepares to enter its twelfth year, with the presentation of the much-envied honours scheduled once again for Emperor Norton Day on January 8. Continue reading “Annual FNORD Awards elicit numerous nominations”
TIRLAR (CS) – Micronational economist Giles Melang has made his latest pitch for the creation of a new stock exchange, approaching the Tirlar government with a proposal to host the Micras World Stock Exchange (MWSE). Continue reading “‘Micras World Stock Exchange’ proposed”
LINDSTROM CITY (CS) – Natopian leaders have turned their efforts to improving the security of their micronation this past week with the passage of legislation to forbid entry onto its territory by dangerous individuals as well as increasing their focus on maritime security.
Efforts began with an address by Chancellor Nathan Waffel-Paine to the Frenzy (national legislature) on April 10 in which he proposed a system of deeming individuals a risk to the physical safety of Natopians. The proposal would formalize the existing unregulated Chancellor-prerogative system that was implemented to ban Giles Melang from Natopian soil. Waffel-Paine touted the benefits of the current system and its evolution into a statutory tool, noting that “It was exceedingly successful in sparing Natopia any of the instability and inanity that [Melang] invariably brings.”
The measure, expected to pass into law tomorrow, classifies a subject individual into one of three risk categories, with each successively higher category further limiting the individual’s freedom of access to Natopia’s forums. The lowest risk category would allow free access to all of Natopia’s territory while placing the individual under continuous surveillance while the highest risk category involves a total ban from accessing the micronation. The legislation includes renewing the ban of Giles Melang.
Natopia’s Minister for Defence, Ardashir Khan, has also raised concerns over the maritime security of the micronation today. In his briefing, Khan identified a recent increase in unregistered shipping entering and leaving Pentyre which he attributed to organized criminal elements on the island of Calbion.
Khan has announced that the Natopian Navy will undertake a significant deployment aimed at intercepting suspect vessels. Naval ships are currently mobilizing and are expected to leave port within the next 24 hours.
BASTION UNION (CS) – In its first shareholder meeting since last October, Micras multi-national corporation Commonwealth Global shareholders met this month to discuss a range of matters affecting the stagnant venture.
The meeting, originally called for in early February, faced a prolonged delay from a lack of action by shareholders on appointing a chair and ironing out an agenda for the gathering. That was until March 12 when in a surprise move, Commonwealth Global founder and controversial former Chief Executive Officer Giles Melang returned as a “new” shareholder. Melang wasted no time in self-nominating himself to become the company’s new chairman, which would give him financial controls of its operations.
Melang spoke on the challenges facing Commonwealth Global as an active venture, noting that “we should not end [the company] completely,” and calling for its restructuring. Among his proposals was the purchasing of the “Micro” radio station for 3,000 erbs, the relocation of its headquarters from Shireroth to Elwynn, carrying favour with micronational governments and the issuance of additional shares to raise revenue. Melang also proposed capping the venture’s holdings at 10,000 erbs, and distributing any gains above that level to shareholders as dividends.
The proposal to offer additional shares for sale met with resistance from Hesam Jayatar who cautioning that issuing new shares would “flood the market and destablise the stock value,” resulting in a significant devaluation of existing shareholdings. Jayatar instead proposed that Commonwealth Global be reclassified as a corporation-in-governance, along the lines of such historic macronational ventures as the Hudson’s Bay Company or East India Company. This reclassification would allow the venture to gain land on the Micras map, thereby giving it a “valuable commodity” on which to add value to shares and encourage their exchange for increasing value.
The proposals by both individuals received little discussion before the meeting again descended into haggling over who should officially be designated as the Chair. Reinaldo da Silva put forward his candidacy and was being widely supported by a majority of shareholders for the role until Melang ultimately and unilaterally seized the position, claiming it his right as the single-largest shareholder on March 22. Seeing the hostile response to his seizure, Melang attempted a sheepish retreat two days later, offering to support da Silva’s appointment to the position; however, da Silva withdrew his candidacy for chair, with a terse accusation that Commonwealth Global “is too dysfunctional to control, particularly with [Melang] retaining share in it.”
The meeting has since again stalled as of March 25, with the original structure-related agenda and Melang and Jaytar’s proposals still unaddressed.