The listing of DEL's DDE has some impacts on our assets. Not the one of the DEL button of my keyboard…lol…That is why I thought it to be necessarily to give you a short status about our business. The listing of DDE:ISE let our NAV rose to over 1.4 $L/share. Independently of that, our net profit climbed up to 22’000 $L in the first 12 days in December. Dividend for December will probably be at least 0.015 $L /share.
The listing of DDE:ISE has a positive influence on our assets. We had them in the books with 1 $L. it comes out that this value was underestimated. With current prices of 2.5 $L our assets will climb and the NAV will rise to > 1.4 $L/share.
On the earnings side we worked quite well with the different currency exchanges and are lucky to have invested into some companies which pay dividends. Also trading contributed a bit. Overall we had 22’000 net profit in the first 12 days of December. We estimate that this value will be doubled till end of the year.
If we take a net profit of >40’000 $L and consider that 50% goes into dividends then we can assume a minimum dividend of 0.015 $L per share.
There are also some negative points. Our projects really don’t advance. Playing on ISE and do some clicks per day to survey is one thing. Investing time into a project needs much more energy and resources which I don’t really have right now. But hopefully, I will find a solution for that and a new motivation.
LL is not really helping to give me this motivation. It is somehow alarming to me that there are no real new developments to see and this since months. It looks as they are running the whole thing on low fire and wait on better times. Development is costing money and venture capital is not easy to get during this hard times. I really wonder about their financial capacities and situation. Hopefully I’m wrong here.
I wish you already a merry Christmas and an excellent New Year as my next post possibly will come in the beginning of next year….somebody has to start with the greetings I think …
Greetz
Casper Trebuchet
CEO, LEM
http://lemurinvest.blogspot.com
Saturday, December 13, 2008
Monday, December 1, 2008
Financials NOV08
LEM realized a net profit of 20'903 $L which allows us to pay a dividend of 0.01 $L/share. Our NAV slight increased to 1.22 $L/share compares to 1.14 $L/share last month.
The dividends will be paid as soon as LEM is traded at the main board. We hope that this will happen in short time. All outstanding shares will be considered for the dividend payment.
Our financials are given below
LEM
As you can see our earnings were slightly above predictions we made in October. This is mainly due to some lucky share trades we could conclude on ISE and VsTex.
Our cash position is important right now and will even grow with the IPO money we will get. We see this as temporarily status. There are different investment projects in SL we are investigating right now in which we are looking to invest.
The trading on the different $L exchanges allows us to realize some profits which cannot be neglected. Furthermore it has the advantage that this money can be made liquid in short time if we need it for an investment project. We will continue to do so.
On the derivative side LEM is a bit disappointed about the stock market development at ISE as such. There are now quite a few new companies listed at ISE and companies in general communicate and show some continuity. Some of them even have nice underlying business ideas. However, the market is extremely volatile due to small volumina and only a few buys or sells can destabilize the market completely. Under such circumstances it makes little sense to develop derivatives. LEM will continue to observe the market and react accordingly. We haven’t given up yet creating derivatives!
As always we are looking optimistic into the future and hope that LL will not add new restrictions or other not consumer friendly measures – St Nicholas has spoken here…lol…
Greetz
Casper Trebuchet
LEM
The dividends will be paid as soon as LEM is traded at the main board. We hope that this will happen in short time. All outstanding shares will be considered for the dividend payment.
Our financials are given below
LEM
As you can see our earnings were slightly above predictions we made in October. This is mainly due to some lucky share trades we could conclude on ISE and VsTex.
Our cash position is important right now and will even grow with the IPO money we will get. We see this as temporarily status. There are different investment projects in SL we are investigating right now in which we are looking to invest.
The trading on the different $L exchanges allows us to realize some profits which cannot be neglected. Furthermore it has the advantage that this money can be made liquid in short time if we need it for an investment project. We will continue to do so.
On the derivative side LEM is a bit disappointed about the stock market development at ISE as such. There are now quite a few new companies listed at ISE and companies in general communicate and show some continuity. Some of them even have nice underlying business ideas. However, the market is extremely volatile due to small volumina and only a few buys or sells can destabilize the market completely. Under such circumstances it makes little sense to develop derivatives. LEM will continue to observe the market and react accordingly. We haven’t given up yet creating derivatives!
As always we are looking optimistic into the future and hope that LL will not add new restrictions or other not consumer friendly measures – St Nicholas has spoken here…lol…
Greetz
Casper Trebuchet
LEM
Saturday, November 29, 2008
Update and dividend for November 2008
We are very pleased that we sold already more than 300'000 shares in our IPO. Only 180'000 are remaining. This result is much more than we have expected. We thank all investors already in advance for their great support and confidence.
Our businesses was doing quite well during November. In relation to that we can already announce that a dividend of 0.01 $L/share will be paid as soon as LEM will enter the main board at ISE.
At that moment we will also publish more information about our financials and update you about our future plans.
Greetz
Casper Trebuchet
Our businesses was doing quite well during November. In relation to that we can already announce that a dividend of 0.01 $L/share will be paid as soon as LEM will enter the main board at ISE.
At that moment we will also publish more information about our financials and update you about our future plans.
Greetz
Casper Trebuchet
Wednesday, October 29, 2008
IPO at ISE accepted!!
Hello everybody,
It's a pleasure for me to see that ISE approved the IPO of LEM and I thank them as well as their users very much for this support and confidence. We will try hard to create value for our existing and potential stakeholders even in an environment which is not always developing to the positive. We just have to think on the latest policy change of LL in relation to OpenSIM. Again a strategy change on the back of the users/clients coupled with not existent communication but with probably important consequences. Do they copy WSE…lol?
This also will affect LEM as we are invested in some "real estate" virtual companies. As a consequence we will follow what is ongoing and react accordingly. As LEM abandoned its real estate business in SL we reduced our liabilities to zero in this field and we created room for new activities. We will select them carefully.
In the link below you will find our initial balance sheet plus some conservative P/L estimates for the month of November. It will give you an indication what we are up to and what you can expect. One of the major objectives is to develop LEM in such a way that it can afford a regular monthly dividend of 0.01 $L/share. As the investments we did in other companies weight heavily in our assets but only give small revenues this cannot be achieved in short time. Also we have to consider that some of those investments might increase their value and thus influence the NAV of LEM positively.
LEM
In conclusion we are still quite optimistic (I’m always one…lol) about the future development of LL and therefore too for LEM…You are invited to step in…! The IPO will be open till end of November 2008.
The NAV will be published regularly on our blog (http://lemurinvest.blogspot.com) till further notice. We plan to move the blog into a web in the coming months.
Greetz
Casper Trebuchet
CEO, LEM
It's a pleasure for me to see that ISE approved the IPO of LEM and I thank them as well as their users very much for this support and confidence. We will try hard to create value for our existing and potential stakeholders even in an environment which is not always developing to the positive. We just have to think on the latest policy change of LL in relation to OpenSIM. Again a strategy change on the back of the users/clients coupled with not existent communication but with probably important consequences. Do they copy WSE…lol?
This also will affect LEM as we are invested in some "real estate" virtual companies. As a consequence we will follow what is ongoing and react accordingly. As LEM abandoned its real estate business in SL we reduced our liabilities to zero in this field and we created room for new activities. We will select them carefully.
In the link below you will find our initial balance sheet plus some conservative P/L estimates for the month of November. It will give you an indication what we are up to and what you can expect. One of the major objectives is to develop LEM in such a way that it can afford a regular monthly dividend of 0.01 $L/share. As the investments we did in other companies weight heavily in our assets but only give small revenues this cannot be achieved in short time. Also we have to consider that some of those investments might increase their value and thus influence the NAV of LEM positively.
LEM
In conclusion we are still quite optimistic (I’m always one…lol) about the future development of LL and therefore too for LEM…You are invited to step in…! The IPO will be open till end of November 2008.
The NAV will be published regularly on our blog (http://lemurinvest.blogspot.com) till further notice. We plan to move the blog into a web in the coming months.
Greetz
Casper Trebuchet
CEO, LEM
Sunday, October 26, 2008
LEM at ISE?
As of today ISE accepted our candidature to become a listed company at the ISE stock exchange in SL.
Dear old and also interested new shareholders, please, feel free to inscribe you at ISE and vote for our listing...
http://www.intlstockexchange.com/punbb/viewpoll.php?id=617
We count on your support...;-)
in the same link you will also find a description of our activities we want to develop. Those are mainly focused on development on new derivaties which then should be traded on ISE, currency trading activities and virtual business development as investor or intermediary.
We plan to have 1.5 mio outstanding shares, 500k open to the public. Those shares are backed up with assets of 1.4 mio $L, cash 0f 700k $L and assets of 700k $L in shares of listed virtual companies. The IPO price per share is set at 1 $L. I will head this company.
If you have questions then please let me know. You also can use the forum of ISE for that purpose.
We really hope to see you again soon in SL and let you participate on our success.
Greetz
Casper Trebuchet
LEM
Dear old and also interested new shareholders, please, feel free to inscribe you at ISE and vote for our listing...
http://www.intlstockexchange.com/punbb/viewpoll.php?id=617
We count on your support...;-)
in the same link you will also find a description of our activities we want to develop. Those are mainly focused on development on new derivaties which then should be traded on ISE, currency trading activities and virtual business development as investor or intermediary.
We plan to have 1.5 mio outstanding shares, 500k open to the public. Those shares are backed up with assets of 1.4 mio $L, cash 0f 700k $L and assets of 700k $L in shares of listed virtual companies. The IPO price per share is set at 1 $L. I will head this company.
If you have questions then please let me know. You also can use the forum of ISE for that purpose.
We really hope to see you again soon in SL and let you participate on our success.
Greetz
Casper Trebuchet
LEM
Saturday, October 18, 2008
Back again!
Dear investors,
after some period which we used to restructure our business and also study the economic situation in SL we decided to list again.
If regulated RL economy run into such huge problems we experience nowadays, the unregulated SL economy cannot not doing worse. At least we know for sure that it is not regulated...lol
Our intention is therefore to continue our work of before. Screening SL and RL for companies with interesting business concepts and ideas, helps them to develop a corporate strategy, engages itself financially or arranges financial solutions and helps them to achieve success in the market. Furthermore, we will also continue to develop derivatives as we believe that ISE (http://www.intlstockexchange.com) starts to have a reputation and size which might allow to develop such products.
As before part of the benefits will go into the independent LEM Foundation. The foundations supports financially environmental projects and initiatives in SL and RL.
We sent a request to the stock exchange ISE today.
We hope to see you again soon.
Greetz
Casper Trebuchet
CEO, LEM
after some period which we used to restructure our business and also study the economic situation in SL we decided to list again.
If regulated RL economy run into such huge problems we experience nowadays, the unregulated SL economy cannot not doing worse. At least we know for sure that it is not regulated...lol
Our intention is therefore to continue our work of before. Screening SL and RL for companies with interesting business concepts and ideas, helps them to develop a corporate strategy, engages itself financially or arranges financial solutions and helps them to achieve success in the market. Furthermore, we will also continue to develop derivatives as we believe that ISE (http://www.intlstockexchange.com) starts to have a reputation and size which might allow to develop such products.
As before part of the benefits will go into the independent LEM Foundation. The foundations supports financially environmental projects and initiatives in SL and RL.
We sent a request to the stock exchange ISE today.
We hope to see you again soon.
Greetz
Casper Trebuchet
CEO, LEM
Monday, June 9, 2008
LEM - pay back closed
Hello!
We are still around and even paid back our shareholders as far as we could rebuilt the shareholder list in relation to the assets we had outside WSE.
LEM still exists but as private company. We reduced our activities in SL and start using SL as a 3D-Web platform for RL activities. In relation to this we will smoothly close this blog and move to a Web address.
We are still here to support business ideas in SL but as said will do this only on a private basis.
We still believe - this is the optimist in me...lol - that virutal worlds have a great future for further development. However, either RL regulation enters those worlds where virtual money can be exchanged into real currency or this conversion has to stop. There are hardly any other solutions.
In some countries virtual money is already considered to be taxable, like flight miles etc...what is a good development in my eyes.
If rules are not clear virtual worlds just opens door to scammers or even more dangerous to unprofessional business ethics which in the end only cause harm as we have seen in repeated cases. Then it is only a question of time when regulation has to step in.
Anyway. it was a great time I could spend with you, my old former shareholders, and I hope to see you inworld again...
Greetz
Casper Trebuchet
LEM, CEO
We are still around and even paid back our shareholders as far as we could rebuilt the shareholder list in relation to the assets we had outside WSE.
LEM still exists but as private company. We reduced our activities in SL and start using SL as a 3D-Web platform for RL activities. In relation to this we will smoothly close this blog and move to a Web address.
We are still here to support business ideas in SL but as said will do this only on a private basis.
We still believe - this is the optimist in me...lol - that virutal worlds have a great future for further development. However, either RL regulation enters those worlds where virtual money can be exchanged into real currency or this conversion has to stop. There are hardly any other solutions.
In some countries virtual money is already considered to be taxable, like flight miles etc...what is a good development in my eyes.
If rules are not clear virtual worlds just opens door to scammers or even more dangerous to unprofessional business ethics which in the end only cause harm as we have seen in repeated cases. Then it is only a question of time when regulation has to step in.
Anyway. it was a great time I could spend with you, my old former shareholders, and I hope to see you inworld again...
Greetz
Casper Trebuchet
LEM, CEO
Wednesday, May 14, 2008
LEM: Update
Hello,
It took some time but the reconstruction of the shareholderlist is now in what I have to consider the final status.
Next week I will start to reimbourse the shareholders. As said the price wil be 1.4 $L per share. It depends a bit on my RL occupancy, but I think I will do so on Monday. Keep an eye on your LL acount.
The shareholderlist is the following:
In case of problems or questions please don't hesitate to contact me. Inword by IM or better over my e-mail casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
It took some time but the reconstruction of the shareholderlist is now in what I have to consider the final status.
Next week I will start to reimbourse the shareholders. As said the price wil be 1.4 $L per share. It depends a bit on my RL occupancy, but I think I will do so on Monday. Keep an eye on your LL acount.
The shareholderlist is the following:
In case of problems or questions please don't hesitate to contact me. Inword by IM or better over my e-mail casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
Sunday, April 13, 2008
LEM: Shareholderlist
The deadline passed and till now we could reconstruct 70% of the LEM shareholder list (compare with list at the end of this announcement). All not assessable shares will be distributed to the rediscovered shareholders in relation to the shares they possessed in LEM. LEM decided to go public and will pay out shareholders in the coming weeks. Pay back price will be the NTA-value we published in our last financial report for March (NTA = 1.4 $L/share). As we have now a shareholder list we will study ways to claim back our assets.
I wrote already about the problem that $L can be converted into real currency on this blog. Game and RL are interfering with each other which amplifies reactions, in a good but also a bad sense. We just have to look what is ongoing in the so called financial markets in SL to learn about dramas here and there.
WSE which wants to leverage this currency exchange problem to Icarus level- Wiseguy Capra just filed a IC3 (www.ic3.gov) report last week, SLCapex converted cash positions into shares nobody wants and tries to apply 10’000 pages of GAAP guidelines on penny stock companies, VsTex applies guerilla communication strategies – a lot of wind can blow in some noobs, ISE is so smart that nobody notice it, Ancapex is a long story of trustworthiness which apparently is on best way to end on tribunal, we surely could continue this story.
LL is not better and give an excellent example. They announced to cut Island sell prices from 1650 USD down to 1000 USD. What is good music for the noobs is not as good for the old land owners. Apparently to catch noobs is more important for SL than to keep the old ones happy - I thought known marketing strategies should aim in the opposite direction…lol.. However, if somebody is changing rules in repeated fashion the way they did we better take their TOS for serious and keep RL money input as low as possible. Either land is suddenly sized, or account frozen or charged with additional fees etc. Nobody can build on such fundaments.
No, SL is definitively not a game with this money conversion and the fact that LL is even looking to expand and increase the size of the grid makes things even worse. At the moment delict sums are small compared to RL situations. It is even often not worth to put an attorney on the case, and to deal with internet criminality is legally quite a white map. However, if SL expands the grid, greed will always be a close partner and delict sums will increase too. We lost roughly 6 M $L with the hostile action of WSE, may be the next time the sum is 100 M $L. For me it is just a matter of time till RL regulation will step in with force and forbid this currency exchange. The good thing is that probably 70% of the SL users will not care about as they only spend <10’000 $L per month and most likely see SL just as an intelligent amusement and surely not a financial place.
LEM thinks quite similar. It was interesting to explore the financial markets and we created value even if we include the WSE fraud. To work with derivatives was fun and wouldn’t be possible as easily under RL conditions because of heavy regulations. I personally could see such products traded at a stock exchange platform which simulates such business with RL life data so that users can learn about this business without risking something. Saxo Bank is already applying such a tools, but we see there still potential.
Anyway, after careful reflection LEM decided to go private with immediate effect. In consequence we will pay out our shareholders. This will happen over the next weeks in a step by step procedure.
Unfortunately, the shareholder list is not complete. However, we think that each shareholder has some responsibilities to take. If somebody is investing into a company – his duty is to keep informed and react proactively. LEM communicated in regular manner on WSE and we always gave the link to our blog where further updated information has always been available. If our shareholders consulted our blog in the last 90 days they could follow what is happening and had enough chances to respond. We therefore decided that the shareholder who didn’t claimed their shares agree with the policy of WSE and are satisfied to get 1 WTF share for each LEM share and don’t expect more. Their shares will be redistributed to the other shareholders in relation to the participation they have in LEM. As pay back price we take the NAV of last financial report which was 1.4 $L/share (compare with table).
As LEM possesses now a shareholder list, we will continue to search for ways to claim back our assets. If we would be successful, we would let participate our shareholders with a special final dividend. Last week the avatar Wiseguy Capra filed a IC3 report against WSE (www.ic3.gov). We follow this case closely.
If we would get the original shareholder list together with our assets from WSE we would do the necessarily adjustments.
LEM itself will continue its business as usual. However, we will put more emphasis on RL business and use SL as a mirror and communication platform for our RL requirements. If you are interested to learn about our business then contact me inworld or send me an e-mail casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
Lemur Invest, CEO
I wrote already about the problem that $L can be converted into real currency on this blog. Game and RL are interfering with each other which amplifies reactions, in a good but also a bad sense. We just have to look what is ongoing in the so called financial markets in SL to learn about dramas here and there.
WSE which wants to leverage this currency exchange problem to Icarus level- Wiseguy Capra just filed a IC3 (www.ic3.gov) report last week, SLCapex converted cash positions into shares nobody wants and tries to apply 10’000 pages of GAAP guidelines on penny stock companies, VsTex applies guerilla communication strategies – a lot of wind can blow in some noobs, ISE is so smart that nobody notice it, Ancapex is a long story of trustworthiness which apparently is on best way to end on tribunal, we surely could continue this story.
LL is not better and give an excellent example. They announced to cut Island sell prices from 1650 USD down to 1000 USD. What is good music for the noobs is not as good for the old land owners. Apparently to catch noobs is more important for SL than to keep the old ones happy - I thought known marketing strategies should aim in the opposite direction…lol.. However, if somebody is changing rules in repeated fashion the way they did we better take their TOS for serious and keep RL money input as low as possible. Either land is suddenly sized, or account frozen or charged with additional fees etc. Nobody can build on such fundaments.
No, SL is definitively not a game with this money conversion and the fact that LL is even looking to expand and increase the size of the grid makes things even worse. At the moment delict sums are small compared to RL situations. It is even often not worth to put an attorney on the case, and to deal with internet criminality is legally quite a white map. However, if SL expands the grid, greed will always be a close partner and delict sums will increase too. We lost roughly 6 M $L with the hostile action of WSE, may be the next time the sum is 100 M $L. For me it is just a matter of time till RL regulation will step in with force and forbid this currency exchange. The good thing is that probably 70% of the SL users will not care about as they only spend <10’000 $L per month and most likely see SL just as an intelligent amusement and surely not a financial place.
LEM thinks quite similar. It was interesting to explore the financial markets and we created value even if we include the WSE fraud. To work with derivatives was fun and wouldn’t be possible as easily under RL conditions because of heavy regulations. I personally could see such products traded at a stock exchange platform which simulates such business with RL life data so that users can learn about this business without risking something. Saxo Bank is already applying such a tools, but we see there still potential.
Anyway, after careful reflection LEM decided to go private with immediate effect. In consequence we will pay out our shareholders. This will happen over the next weeks in a step by step procedure.
Unfortunately, the shareholder list is not complete. However, we think that each shareholder has some responsibilities to take. If somebody is investing into a company – his duty is to keep informed and react proactively. LEM communicated in regular manner on WSE and we always gave the link to our blog where further updated information has always been available. If our shareholders consulted our blog in the last 90 days they could follow what is happening and had enough chances to respond. We therefore decided that the shareholder who didn’t claimed their shares agree with the policy of WSE and are satisfied to get 1 WTF share for each LEM share and don’t expect more. Their shares will be redistributed to the other shareholders in relation to the participation they have in LEM. As pay back price we take the NAV of last financial report which was 1.4 $L/share (compare with table).
As LEM possesses now a shareholder list, we will continue to search for ways to claim back our assets. If we would be successful, we would let participate our shareholders with a special final dividend. Last week the avatar Wiseguy Capra filed a IC3 report against WSE (www.ic3.gov). We follow this case closely.
If we would get the original shareholder list together with our assets from WSE we would do the necessarily adjustments.
LEM itself will continue its business as usual. However, we will put more emphasis on RL business and use SL as a mirror and communication platform for our RL requirements. If you are interested to learn about our business then contact me inworld or send me an e-mail casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
Lemur Invest, CEO
Wednesday, April 2, 2008
LEM: Financial report (March 08)
Summary
=================================================================================
NTA went down from 3.99 $L to 1.40 $L per share during March 2008 because of hostile confiscation of assets of LEM at WSE
EPS is 0.025 $L per share (-0.025 $L in February)
LEM ended February with a profit of 43’460 $L (previous loss of 28’927 $L
LEM will not pay a dividend for March because of not yet reestablished missing shareholder list
March was marked by the hostile confiscation of all our assets at WSE (read announcements on our blog). LEM was critical towards WSE and its policy what apparently caused WSE to confiscate all our assets, seize the cash position (300’000 $L), lock the company account and convert all shares from LEM and those the three derivatives into WTF shares with a ration of 1:1. This happened without pre-warning nor an audit. Assets of > 4.5 $L are destroyed.
We are studying ways right now to claim back our assets. As WSE is refusing to give us a shareholder list of LEM decided to reconstruct it as close as possible. A deadline is given latest 11th April where LEM shareholders can communicate us the number of shares they owned before WSE closed in January (compare with our announcement of 29th March 2008 on this blog).
We restructured our business during March. As we got stripped off of almost 60% of our assets the whole portfolio looks quite different now. We are no longer invested on WSE but still have strong share positions at SLCapex, VsTex and ISE. Our real estate business continues to contribute positively.
We will not pay a dividend this month as we first have to establish the shareholder list.
LEM will continue to develop new financial derivatives, expand our financial services for third parties in SL and intense our activities to bring RL companies into SL.
Results for March 08 (February 08)
================================================================================
Income ($L):
------------
Financial products : 17’058 (13’058)
Trading : 28’109 (18’408)
Consulting : 3’000 (3’000)
Stock sell : 76’372 (92’174)
Others : 91’770 (632’387)
TOTAL : 216’309 (759’027)
Expenses ($L):
--------------
Financial Products : 13’728 (112’234)
Donation : 2’500 (0)
Tier : 81’125 (6’000)
Wages : 7’500 (20’000)
Stock purchase : 67’996 (130’720)
Others : 0 (519’000)
TOTAL : 172’849 (768’954)
Profit/(-Loss) ($L) : 43'460 (-28’927)
Asset ($L)
----------
WSE : 0 (5’122’314)
SLCX : 731’400 (703’245)
ISE : 25’042 (32’953)
VsTek : 339’349 (269’293)
Land : 406’000 (6’000)
Loan : 0 (0)
Cash : 886'000 (1’238’644)
Investment : 653’500 (15’000)
Others: 29’000 (27’500)
Total : 3’070’291 (7’414’969)
Liabilities ($L)
----------------
Loan : 500'000 (500’000)
Dividend : 0 (9’058)
Tier : 170’000 (85’000)
Total foreign capital : 670’000 (594’058)
Constitutional capital LEM: 1’710’756 (1’710’756)
Constitutional capital LFB: 0 (462’540)
Constitutional capital LWI: 0 (130’026)
Constitutional capital LHH: 0 (1’572’705)
LEM Future Fund : 0 (0)
Reserves : 646’075 (2’973’811)
Profit/Loss : 43’460 (-28’927)
Total equity : 2’400’291 (6’820’911)
Total liabilities: 3’070’291 (7’414’969)
Monthly dividend/share : 0.0 $L /month
NTA 1.40 (3.99) $L
EPS 0.025 $L (-.02 $L)
Next report:
===================================================================================
Next report will be published on May 2, 2008. Updated value for NTA is published on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet or send me an e-mail: casper.trebuchet@gmail.com
Greetz
=================================================================================
NTA went down from 3.99 $L to 1.40 $L per share during March 2008 because of hostile confiscation of assets of LEM at WSE
EPS is 0.025 $L per share (-0.025 $L in February)
LEM ended February with a profit of 43’460 $L (previous loss of 28’927 $L
LEM will not pay a dividend for March because of not yet reestablished missing shareholder list
March was marked by the hostile confiscation of all our assets at WSE (read announcements on our blog). LEM was critical towards WSE and its policy what apparently caused WSE to confiscate all our assets, seize the cash position (300’000 $L), lock the company account and convert all shares from LEM and those the three derivatives into WTF shares with a ration of 1:1. This happened without pre-warning nor an audit. Assets of > 4.5 $L are destroyed.
We are studying ways right now to claim back our assets. As WSE is refusing to give us a shareholder list of LEM decided to reconstruct it as close as possible. A deadline is given latest 11th April where LEM shareholders can communicate us the number of shares they owned before WSE closed in January (compare with our announcement of 29th March 2008 on this blog).
We restructured our business during March. As we got stripped off of almost 60% of our assets the whole portfolio looks quite different now. We are no longer invested on WSE but still have strong share positions at SLCapex, VsTex and ISE. Our real estate business continues to contribute positively.
We will not pay a dividend this month as we first have to establish the shareholder list.
LEM will continue to develop new financial derivatives, expand our financial services for third parties in SL and intense our activities to bring RL companies into SL.
Results for March 08 (February 08)
================================================================================
Income ($L):
------------
Financial products : 17’058 (13’058)
Trading : 28’109 (18’408)
Consulting : 3’000 (3’000)
Stock sell : 76’372 (92’174)
Others : 91’770 (632’387)
TOTAL : 216’309 (759’027)
Expenses ($L):
--------------
Financial Products : 13’728 (112’234)
Donation : 2’500 (0)
Tier : 81’125 (6’000)
Wages : 7’500 (20’000)
Stock purchase : 67’996 (130’720)
Others : 0 (519’000)
TOTAL : 172’849 (768’954)
Profit/(-Loss) ($L) : 43'460 (-28’927)
Asset ($L)
----------
WSE : 0 (5’122’314)
SLCX : 731’400 (703’245)
ISE : 25’042 (32’953)
VsTek : 339’349 (269’293)
Land : 406’000 (6’000)
Loan : 0 (0)
Cash : 886'000 (1’238’644)
Investment : 653’500 (15’000)
Others: 29’000 (27’500)
Total : 3’070’291 (7’414’969)
Liabilities ($L)
----------------
Loan : 500'000 (500’000)
Dividend : 0 (9’058)
Tier : 170’000 (85’000)
Total foreign capital : 670’000 (594’058)
Constitutional capital LEM: 1’710’756 (1’710’756)
Constitutional capital LFB: 0 (462’540)
Constitutional capital LWI: 0 (130’026)
Constitutional capital LHH: 0 (1’572’705)
LEM Future Fund : 0 (0)
Reserves : 646’075 (2’973’811)
Profit/Loss : 43’460 (-28’927)
Total equity : 2’400’291 (6’820’911)
Total liabilities: 3’070’291 (7’414’969)
Monthly dividend/share : 0.0 $L /month
NTA 1.40 (3.99) $L
EPS 0.025 $L (-.02 $L)
Next report:
===================================================================================
Next report will be published on May 2, 2008. Updated value for NTA is published on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet or send me an e-mail: casper.trebuchet@gmail.com
Greetz
Saturday, March 29, 2008
LEM: Shareholders - shareholder list
Dear shareholders
We didn’t disappear … we just got banned to Nottingham forest by a self named sheriff and little king in one person...lol…Hopefully, we know how to climb trees as the lemurs as we are…we still have to learn to use a longbow…
Unfortunately this is not funny at all. It looks as WSE doesn't give us the shareholder list of LEM. I think with good reason as we will use it to claim back our assets. However, LEM is far from bankruptcy what is easily to see if you check our financial reports on this blog.
WSE seized almost 60% of all our assets we had totally. Our fault, I agree, as we couldn’t believe that the business ethics at WSE is as such as it is. Anyway, this was a hard blow for us but I also would like to outline that we still have roughly 3 M $L assets which are not related to WSE.
We want to try to reestablish the latest shareholder list. To do so it might be best to use the dividend we paid on February 12 2008 for LEM. We heard that this information has not yet been filtered. We therefore kindly ask you to send us a screenshot from the dividend screen of your WSE-account together with one of your portfolio. We will keep this information secret. Send this information to me by e-mail: casper.trebuchet@gmail.com
Based on this information we then try to reconstruct the list with other information which is public.
DEADLINE is before WSE opens again but latest on 11th April 2008.
This list permits us on one hand to let you participate on our not related WSE assets and on the other to claim back our assets from WSE.
If you have questions then please visit me in my hut in the forest of Etopia Island. Don’t forget to bring some goose feathers with you....
Greetz
Casper Trebuchet
CEO, Lemur Invest
We didn’t disappear … we just got banned to Nottingham forest by a self named sheriff and little king in one person...lol…Hopefully, we know how to climb trees as the lemurs as we are…we still have to learn to use a longbow…
Unfortunately this is not funny at all. It looks as WSE doesn't give us the shareholder list of LEM. I think with good reason as we will use it to claim back our assets. However, LEM is far from bankruptcy what is easily to see if you check our financial reports on this blog.
WSE seized almost 60% of all our assets we had totally. Our fault, I agree, as we couldn’t believe that the business ethics at WSE is as such as it is. Anyway, this was a hard blow for us but I also would like to outline that we still have roughly 3 M $L assets which are not related to WSE.
We want to try to reestablish the latest shareholder list. To do so it might be best to use the dividend we paid on February 12 2008 for LEM. We heard that this information has not yet been filtered. We therefore kindly ask you to send us a screenshot from the dividend screen of your WSE-account together with one of your portfolio. We will keep this information secret. Send this information to me by e-mail: casper.trebuchet@gmail.com
Based on this information we then try to reconstruct the list with other information which is public.
DEADLINE is before WSE opens again but latest on 11th April 2008.
This list permits us on one hand to let you participate on our not related WSE assets and on the other to claim back our assets from WSE.
If you have questions then please visit me in my hut in the forest of Etopia Island. Don’t forget to bring some goose feathers with you....
Greetz
Casper Trebuchet
CEO, Lemur Invest
Friday, March 21, 2008
WSE: Petition at facebook to stop this fraud
Dear former shareholders of LEM, LFB, LWI and LHH.
What is ongoing on WSE looks to be a big sized scam. At the moment we study all possible ways to claim back our assets.
Wiseguy started this petitions
http://www.petitiononline.com/sl01/petition.html
which aims into this direction. Please consider and sign up!
Greetz
Casper Trebuchet
CEO, Lemur Invest
What is ongoing on WSE looks to be a big sized scam. At the moment we study all possible ways to claim back our assets.
Wiseguy started this petitions
http://www.petitiononline.com/sl01/petition.html
which aims into this direction. Please consider and sign up!
Greetz
Casper Trebuchet
CEO, Lemur Invest
Wednesday, March 19, 2008
LEM, LFB, LWI, LHH conversion into WSE:WTF
WSE converted LEM, LFB, LWI and LHH into WSE:WTF on 18th march 2008.I just wanted to assure our "former" shareholders that LEM had enough assets to cover largely all liabilities. Unfortunately, WSE is delisting companies without having an audit made what we strongly regret. The WTF shares have almost no value (0.03 $L) and the conversion rules are apparently 1:1. This is not in the interest of the shareholders of LEM, LFB, LWI and LHH.
LEM had 6.2 M $L assets at WSE (my shares of 1 M LEM included). We had 1.2 M shares in HCL and almost 1 M $L invested in the bond of WSE, e.g. HCB. We also can add 5% of all DDE shares and other holdings which sum up to 6.2 M inclusive 300k cash. Most of the titles didn't pay dividends since January as the market was closed. Those dividends are even not considered in those assets.
The real values of LEM,LFB, LWI, LHH:
LWI:
This derivative ended 18th Janaury but wasn't yet reimboursed as the market was closed. After the calculation we gave in our prospectus or you can find on our blog each shareholder of LWI should receive 0.95 $L per share in cash and not 1 WTF-share with a value of only 0.03 $L !
LHH:
This high-score derivative on HCL ended last week. As LHH hit its barrier and even reached highest values the calculated pay rate is 3.64 $L/share. See sidebar in this blog. As shareholder you should receive 3.64 $L per share in cash and not 1 WTF-share with a vlaue 0.03 $L? Are HCL shares really so bad?
LFB:
This product should still run. Pay back value is 10 $L/share. After our calculation a regular dividend of 0.2 $L /share could be paid till this derivative also expires. A pay back of 10 $L per share should be possible but a conversion into 10 WTF makes no sense.
LEM: If LWI, LHH, and LFB are paid back, and if we assume share values of the titles we had in our portfolio to be those of 3th January a final dividend of approximately 1.5 $L /share is possible for LEM! This is unlike 1 WTF-share!
May be we have to go back to school again to learn to calculate. If a result is only 90% correct we may use statistics to straigthen it..lol. But if differences are 3000% and more % then we have to ask us questions. Do you smell the rat?
We leave it up to you to decide what you do with this information. We just think that you have a right to know our position as we sit on our trunk in the sea and have some time to spin ideas ..lol
Greetz
Casper Trebuchet
Lemur Invest, CEo
LEM had 6.2 M $L assets at WSE (my shares of 1 M LEM included). We had 1.2 M shares in HCL and almost 1 M $L invested in the bond of WSE, e.g. HCB. We also can add 5% of all DDE shares and other holdings which sum up to 6.2 M inclusive 300k cash. Most of the titles didn't pay dividends since January as the market was closed. Those dividends are even not considered in those assets.
The real values of LEM,LFB, LWI, LHH:
LWI:
This derivative ended 18th Janaury but wasn't yet reimboursed as the market was closed. After the calculation we gave in our prospectus or you can find on our blog each shareholder of LWI should receive 0.95 $L per share in cash and not 1 WTF-share with a value of only 0.03 $L !
LHH:
This high-score derivative on HCL ended last week. As LHH hit its barrier and even reached highest values the calculated pay rate is 3.64 $L/share. See sidebar in this blog. As shareholder you should receive 3.64 $L per share in cash and not 1 WTF-share with a vlaue 0.03 $L? Are HCL shares really so bad?
LFB:
This product should still run. Pay back value is 10 $L/share. After our calculation a regular dividend of 0.2 $L /share could be paid till this derivative also expires. A pay back of 10 $L per share should be possible but a conversion into 10 WTF makes no sense.
LEM: If LWI, LHH, and LFB are paid back, and if we assume share values of the titles we had in our portfolio to be those of 3th January a final dividend of approximately 1.5 $L /share is possible for LEM! This is unlike 1 WTF-share!
May be we have to go back to school again to learn to calculate. If a result is only 90% correct we may use statistics to straigthen it..lol. But if differences are 3000% and more % then we have to ask us questions. Do you smell the rat?
We leave it up to you to decide what you do with this information. We just think that you have a right to know our position as we sit on our trunk in the sea and have some time to spin ideas ..lol
Greetz
Casper Trebuchet
Lemur Invest, CEo
Tuesday, March 18, 2008
LEM, LWI, LFB and LHH delisted!
LEM, LWI, LFB and LHH were delisted today as you can read on the home page of WSE (www.wselive.com). Assets of 4.5 M $L are converted to WTF shares. After WSE our responsibility with our virtual business on WSE ends the moment WSE closes the business on WSE. ..sic.
The story is simple. LEM was and is concerned what happens in WSE. We are also concerned that CEO’s of listed companies at WSE are not considered in the future development of WSE nor even informed. Furthermore we think that there is no transparency at WSE as no financials are available which doesn’t help to establish a sound confidence to the management of WSE. We therefore organized a meeting with other concerned companies 10 days ago. Luke was aware that this will happen.
After this meeting we asked Luke to have a discussion with him what he accepted but only to expel me before this could happen. The meeting was scheduled on last Sunday.
The delisting of LEM has a major impact on our shareholders. We feel extremely sorry for you about this unexpected raid and the way WSE is handling this situation.
If you compare with our last financial report we had about 7’414'969 $L assets and a NAV of 3.98 $L per share. On the WSE only we were major shareholder in HCL with 1’2 M shares and had 1 M $L in HCB. Totally we can claim 4.5 M $L assets at WSE inclusive a cash position of 300k $L and I don’t speak about not yet paid dividends for DDE, CAR, HCB, HUI and others. Please refer to our latest financial report from Feb08.
After WSE our responsibility on our virtual business on WSE ends the moment WSE closes the business on WSE. In exchange you get WTF-shares which I don’t want to comment.
We don’t accept this situation as LEM was a growing company which increased its value till the market closed up to 400% in only 8 months.
An abuse record was written to Linden lab, Lemurs are not only cute but also ghosts causing nightmares after Roman mythology to those who behaved badly…lol. Hey we still can laugh..
The brand Lemur Invest still exists and the company will continue it's activities. Either as private company or list at another stock exchange . Unfortunately I haven’t got a shareholder list as WSE is refusing to give it us. If we will receive it we will consider the former shareholders in our remaining enterprise. In any case we will claim our assets from the WSE.
In case of further questions please IM or e-mail (casper.trebuchet@gmail.com) me.
I want to thank all former shareholders for their support and if you want to join us on our trunk leaving Africa to new territories no problem, just keep in touch.
Greetz
Casper Trebuchet
Lemur Invest, CEO
http://lemurinvest.blogspot.com
Links about recent delisting:
Delist of LEM
Delist of SLW
Delist of SRI
Legal aspects
Meeting-Transcript
Delistings at WSE
Official WSE-Web
The story is simple. LEM was and is concerned what happens in WSE. We are also concerned that CEO’s of listed companies at WSE are not considered in the future development of WSE nor even informed. Furthermore we think that there is no transparency at WSE as no financials are available which doesn’t help to establish a sound confidence to the management of WSE. We therefore organized a meeting with other concerned companies 10 days ago. Luke was aware that this will happen.
After this meeting we asked Luke to have a discussion with him what he accepted but only to expel me before this could happen. The meeting was scheduled on last Sunday.
The delisting of LEM has a major impact on our shareholders. We feel extremely sorry for you about this unexpected raid and the way WSE is handling this situation.
If you compare with our last financial report we had about 7’414'969 $L assets and a NAV of 3.98 $L per share. On the WSE only we were major shareholder in HCL with 1’2 M shares and had 1 M $L in HCB. Totally we can claim 4.5 M $L assets at WSE inclusive a cash position of 300k $L and I don’t speak about not yet paid dividends for DDE, CAR, HCB, HUI and others. Please refer to our latest financial report from Feb08.
After WSE our responsibility on our virtual business on WSE ends the moment WSE closes the business on WSE. In exchange you get WTF-shares which I don’t want to comment.
We don’t accept this situation as LEM was a growing company which increased its value till the market closed up to 400% in only 8 months.
An abuse record was written to Linden lab, Lemurs are not only cute but also ghosts causing nightmares after Roman mythology to those who behaved badly…lol. Hey we still can laugh..
The brand Lemur Invest still exists and the company will continue it's activities. Either as private company or list at another stock exchange . Unfortunately I haven’t got a shareholder list as WSE is refusing to give it us. If we will receive it we will consider the former shareholders in our remaining enterprise. In any case we will claim our assets from the WSE.
In case of further questions please IM or e-mail (casper.trebuchet@gmail.com) me.
I want to thank all former shareholders for their support and if you want to join us on our trunk leaving Africa to new territories no problem, just keep in touch.
Greetz
Casper Trebuchet
Lemur Invest, CEO
http://lemurinvest.blogspot.com
Links about recent delisting:
Delist of LEM
Delist of SLW
Delist of SRI
Legal aspects
Meeting-Transcript
Delistings at WSE
Official WSE-Web
Monday, March 10, 2008
LFB: Dividend payment (February)
A dividend for february of 0.2 $L/share has been paid just before.
We will continue to do so as long as we have cash reserves on WSE we cannot use differently as the market is closed.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH and LEM IPO Booster as not approved IPO)
http://lemurinvest.blogspot.com
We will continue to do so as long as we have cash reserves on WSE we cannot use differently as the market is closed.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH and LEM IPO Booster as not approved IPO)
http://lemurinvest.blogspot.com
Tuesday, March 4, 2008
WSE 4.0: Some thoughts
Luke Connell’s recent announcements during his most recent video address have left many questions unanswered. Many of Connell’s announcements, including his decision to trade exclusively in his WIC currency, have led to mixed reactions from WSE investors. The fact that the WIC would eliminate the currency of Second Life from the trading aspect of companies originating from –and for many, existing solely within- the virtual world of Second Life leads me to wonder what effect a systematic removal of in-world currency will ultimately have upon our interests as publicly traded companies.
There are also opportunities as we heard, especially related with the interaction with a third party whose name has yet to be revealed. How will this impact our virtual businesses? Are there opportunities we are currently unaware of? Will this new party require revisions to our respective business models?
Certainly these are not my only concerns and questions, but they serve as the impetus for the following thoughts...
The financial sector in SL is a mess, sorry to say so but quite logical if we look at it closely. The main problem is that $L can be exchanged into other RL currencies. If we do so, the boundaries between SL and RL vanish and we come into this nirwana of unregulated cyber world where frauders are happy people. Did I tell you that Jasper Tizzy – this guy who suddenly vanished with millions of $L apparently still is enjoying SL under different names - and is apparently still linked to some listed companies and stock exchanges in world. Or take one of the remaining banks which even claims to have a RL licence. Month after months there are stories about getting frauded, having a defaulted system, new companies are created and disappear again…and the banks still continuously speaks to pay back the investors deposits, however, only under conditions which make you laugh. The last decision is to put them on ice for up to 120 days (either you see almost nothing…profit to the bank) and then pay back it in rates but not for all of course (profit for the bank). First in - first served…and the other people, they can buy useless shares (profit for the bank), or see them thrown down the well of her brokerage system (profit for the bank). It looks as investors sleep better to depreciate thier belongings without expecting a thank you from the bank. Then there is this other exchange which accumulated around 90 millions $L over a Ponzi like system with high daily interests. Then the enchanter is passing by and suddenly those funds are no longer liquid. So how do they proceed?…They freeze the ATM’s so that no withdrawals are possible anymore, then they create new shares and convert all cash deposits into these shares promising to buy them back for a fair price in the far future if things develop nicely for them. They do as the share is down 50% and they don’t announce when they start their buy backs in advance, so again small profit for the owners on the back of the investors till they disappear to fun city. Should I continue…better not. And in fact nobody can accuse those people as the system is responsible. It creates them.
I think it is a big mistake that those $L can be converted into RL currency in SL. Where does regulation start and where does Wild West begins? SL is a game and as such it should operate as other similar games do, like Warhammer or Entropia. There RL currencies also play a role but just oneway in order to buy better equipment. An economy in SL could function also that way. I wouldn’t be surprised if this will be the next step LL will take to avoid further problems with authorities in RL.
SL is a game and there I agree with WSE. But it has to be a game and that is why this money conversion makes no sense. It is even dangerous and there we come to the problem I have to deal with. If WSE goes to use WIC it will happen basically outside SL. At least Linden Labs is a company with a certain size, has offices, you can address, even people you can identify. What is the WIC/WSE platform legally? A web-address, an investment bank with banking licence? It is a game token but with the possibility to exchange real money. To take it further, it is even the goal of WSE to attract users from outside SL so from RL. But not all these people will only join the platform to take part in a game but because they want to earn money. If this happens it is only a question of time till problems appear of unsatisfied investors because a company failed etc . We experienced enough such examples in the near past. Then immediately RL regulation will break in with all force into this platform which would be no fun. I can even put the story with an example to the absurdum. LEM has assets of 5 million $L at WSE. If someone wants to buy up LEM, I’d be obliged to ask the RL-identity of this person and where the money is coming from as the entire sum is reaching levels where definitively money laundering procedures would start. Either I may have problems with my authorities as we have a strong money laundering legislation where I live in. It wouldn’t be sufficient that it comes from a Paypal account. How can a company on WSE operate under such conditions? And if we go to RL also the size of listed companies may change and with that also such problems.
On the other hand, there could be a niche for a worldwide stock exchange for micro-companies which are not necessarily SL companies. If this is the far goal of WSE 4.0 there may be some interesting potentials, especially if such an initiative would be supported by a strong third party which can contribute. But interfaces in between the virtual and the real world must be defined in a clear way what is not yet the case so far, at least as I understood.
I think it would be necessary that we CEO’s and investors are approaching Luke Connell in a constructive matter but also with a respectful concern about his vision of the future for WSE and how our respective futures are being considered as cornerstones of the WSE. When I use the word “cornerstones,” I am reflecting upon the numbers of us who listed at the WSE soon after its conception and have remained here through the trials and tribulations the exchange has experienced in a relatively short time. But I also want to include all the traders who kept the place living during all this time. I do not think Luke to be ignorant of our contribution to his market.
In my opinion, the logical first step to such an initiative would be a meeting with Luke to discuss our mutual concerns and those issues we believe to be most pressing. In this way, we will not only present ourselves as a unified group of tried-and-true allies to WSE, but as a respectable group that is genuinely concerned for our mutual futures and seeking only clarification and reassurances that are both reasonable expectations for individuals in our respective positions.
We then would face Luke in order to defend our interest but also to get the needed planning security for our businesses. We are all business people. Some use WSE simply as a platform to raise money to invest in SL, while others are traders and directly depend on the system, or use WSE just in an exploratoring matter. The objectives of the individuals may be very different, but in the end it comes down to strategy and the vision of WSE.
However, I’m not a friend of unions or overall meetings and it is even harder to organize such in SL. I believe more in a direct approach and dialogue. If therefore somebody shares my threats or opportunities then please contact me. I will follow the path I outlined whether alone or not but depend on your support too.
Please respond either inworld, per e-mail casper.trebuchet@gmail.com or as a comment on the blog.
Please note that this is not a mutiny! As lemurs we are too cute animal for such things. We are simply revisiting our ancestral dilemma of whether we should utilize nearby resources to escape to Madagascar –or other unknown territories- or risk being eaten by carnivores where we presently reside...lol
greetz,
Casper Trebuchet
LEM
There are also opportunities as we heard, especially related with the interaction with a third party whose name has yet to be revealed. How will this impact our virtual businesses? Are there opportunities we are currently unaware of? Will this new party require revisions to our respective business models?
Certainly these are not my only concerns and questions, but they serve as the impetus for the following thoughts...
The financial sector in SL is a mess, sorry to say so but quite logical if we look at it closely. The main problem is that $L can be exchanged into other RL currencies. If we do so, the boundaries between SL and RL vanish and we come into this nirwana of unregulated cyber world where frauders are happy people. Did I tell you that Jasper Tizzy – this guy who suddenly vanished with millions of $L apparently still is enjoying SL under different names - and is apparently still linked to some listed companies and stock exchanges in world. Or take one of the remaining banks which even claims to have a RL licence. Month after months there are stories about getting frauded, having a defaulted system, new companies are created and disappear again…and the banks still continuously speaks to pay back the investors deposits, however, only under conditions which make you laugh. The last decision is to put them on ice for up to 120 days (either you see almost nothing…profit to the bank) and then pay back it in rates but not for all of course (profit for the bank). First in - first served…and the other people, they can buy useless shares (profit for the bank), or see them thrown down the well of her brokerage system (profit for the bank). It looks as investors sleep better to depreciate thier belongings without expecting a thank you from the bank. Then there is this other exchange which accumulated around 90 millions $L over a Ponzi like system with high daily interests. Then the enchanter is passing by and suddenly those funds are no longer liquid. So how do they proceed?…They freeze the ATM’s so that no withdrawals are possible anymore, then they create new shares and convert all cash deposits into these shares promising to buy them back for a fair price in the far future if things develop nicely for them. They do as the share is down 50% and they don’t announce when they start their buy backs in advance, so again small profit for the owners on the back of the investors till they disappear to fun city. Should I continue…better not. And in fact nobody can accuse those people as the system is responsible. It creates them.
I think it is a big mistake that those $L can be converted into RL currency in SL. Where does regulation start and where does Wild West begins? SL is a game and as such it should operate as other similar games do, like Warhammer or Entropia. There RL currencies also play a role but just oneway in order to buy better equipment. An economy in SL could function also that way. I wouldn’t be surprised if this will be the next step LL will take to avoid further problems with authorities in RL.
SL is a game and there I agree with WSE. But it has to be a game and that is why this money conversion makes no sense. It is even dangerous and there we come to the problem I have to deal with. If WSE goes to use WIC it will happen basically outside SL. At least Linden Labs is a company with a certain size, has offices, you can address, even people you can identify. What is the WIC/WSE platform legally? A web-address, an investment bank with banking licence? It is a game token but with the possibility to exchange real money. To take it further, it is even the goal of WSE to attract users from outside SL so from RL. But not all these people will only join the platform to take part in a game but because they want to earn money. If this happens it is only a question of time till problems appear of unsatisfied investors because a company failed etc . We experienced enough such examples in the near past. Then immediately RL regulation will break in with all force into this platform which would be no fun. I can even put the story with an example to the absurdum. LEM has assets of 5 million $L at WSE. If someone wants to buy up LEM, I’d be obliged to ask the RL-identity of this person and where the money is coming from as the entire sum is reaching levels where definitively money laundering procedures would start. Either I may have problems with my authorities as we have a strong money laundering legislation where I live in. It wouldn’t be sufficient that it comes from a Paypal account. How can a company on WSE operate under such conditions? And if we go to RL also the size of listed companies may change and with that also such problems.
On the other hand, there could be a niche for a worldwide stock exchange for micro-companies which are not necessarily SL companies. If this is the far goal of WSE 4.0 there may be some interesting potentials, especially if such an initiative would be supported by a strong third party which can contribute. But interfaces in between the virtual and the real world must be defined in a clear way what is not yet the case so far, at least as I understood.
I think it would be necessary that we CEO’s and investors are approaching Luke Connell in a constructive matter but also with a respectful concern about his vision of the future for WSE and how our respective futures are being considered as cornerstones of the WSE. When I use the word “cornerstones,” I am reflecting upon the numbers of us who listed at the WSE soon after its conception and have remained here through the trials and tribulations the exchange has experienced in a relatively short time. But I also want to include all the traders who kept the place living during all this time. I do not think Luke to be ignorant of our contribution to his market.
In my opinion, the logical first step to such an initiative would be a meeting with Luke to discuss our mutual concerns and those issues we believe to be most pressing. In this way, we will not only present ourselves as a unified group of tried-and-true allies to WSE, but as a respectable group that is genuinely concerned for our mutual futures and seeking only clarification and reassurances that are both reasonable expectations for individuals in our respective positions.
We then would face Luke in order to defend our interest but also to get the needed planning security for our businesses. We are all business people. Some use WSE simply as a platform to raise money to invest in SL, while others are traders and directly depend on the system, or use WSE just in an exploratoring matter. The objectives of the individuals may be very different, but in the end it comes down to strategy and the vision of WSE.
However, I’m not a friend of unions or overall meetings and it is even harder to organize such in SL. I believe more in a direct approach and dialogue. If therefore somebody shares my threats or opportunities then please contact me. I will follow the path I outlined whether alone or not but depend on your support too.
Please respond either inworld, per e-mail casper.trebuchet@gmail.com or as a comment on the blog.
Please note that this is not a mutiny! As lemurs we are too cute animal for such things. We are simply revisiting our ancestral dilemma of whether we should utilize nearby resources to escape to Madagascar –or other unknown territories- or risk being eaten by carnivores where we presently reside...lol
greetz,
Casper Trebuchet
LEM
Monday, March 3, 2008
LEM: Financial report (Feb 08)
Summary
=================================================================================
NTA slightly went down from 4.08 to 3.99 $L per share during February 2008.
LEM ended February with a loss of 28’927 $L (previous profit of 104’694 $L)
LEM will not pay a dividend for February
WSE was still closed and which permitted only little trading. Important cash positions are still locked in different accounts. In Slcapex we could eliminate cash positions in transferring them into shares we believe before they were converted into SLW.
LEM backed off entirely from DSE stock exchange. This was only possible with a significative loss.
The real estate project at Gomphus came already to an end as we sold it again with profit. We started to function as a broker for European real estate owners who have to pay VAT in order to reduce their charges. We control one SIM and a second will follow in short time.
We dissolved our LEM future fund (LFF) as major holdings are blocked due to market stop and some of the investors claimed their money back. They got entirely reimboursed with profit. As soon as markets will open again and/or markets will function normally we will decide whether we will build up a new one.
The overall situation of LEM looks quite good. However, as investment bank we are suffering from the market stop of WSE and liquidity problems in different other stock exchanges. On the other hand we have a portfolio of interesting values which has potential and the new activities in real estate also start to contriubute positively. We had to cut dividend payment for February but will retake it once the markets start to function normally again.
LEM will continue to develop new financial derivatives, expand our financial services for third parties in SL and intense our activities to bring RL companies into SL.
Results for February 08 (January 08)
================================================================================
Income ($L):
------------
Financial products : 13’058 (33’714)
Trading : 18’408 (54’300)
Consulting : 3’000 (4’250)
Stock sell : 92’174 (162’830)
Others : 632’387 (15’825)
TOTAL : 759’027 (372’240)
Expenses ($L):
--------------
Financial Products : 112’234 (117’995)
Donation : 0 (0)
Tier : 6’000 (6’000)
Wages : 20’000 (10’000)
Stock purchase : 130’720 (133’551)
Others : 519’000 (0)
TOTAL : 768’954 (267’546)
Profit ($L) : -28’927 (104’694)
Asset ($L)
----------
WSE : 5’122’314 (5’170’314)
SLCX : 703’245 (956’005)
DSE : 0 (39’432)
ISE : 32’953 (23’463)
VsTek : 269’293 (0)
Land : 6’000 (6’000)
Loan : 0 (0)
Cash : 1’238’644 (809’241)
Investment : 15’000 (15’000)
Others: 27’500 (27’000)
Total : 7’414’969 (7’573’382)
Liabilities ($L)
----------------
Loan : 500'000 (500’000)
Dividend : 9’058 (86’234)
Tier : 85’000 (6’000)
Total foreign capital : 594’058 (586’234)
Constitutional capital LEM: 1’710’756 (1’710’756)
Constitutional capital LFB: 462’540 (462’540)
Constitutional capital LWI: 130’026 (130’026)
Constitutional capital LHH: 1’572’705 (1’572’705)
LEM Future Fund : 0 (518’000)
Reserves : 2’973’811 (2’488’427)
Profit/Loss : -28’927 (104’694)
Total equity : 6’820’911 (6’987’148)
Total liabilities: 7’414’969 (7’573’382)
Monthly dividend/share : 0.0 $L /month
NAV 3.98 (3.99) $L
EPS -.02% (6.12%)
Notes:
========================================================================
(1) General: LEM is waiting for WSE 4.0. Knowing that this platform will trade in WIC instead of $L we will have to rethink our position. Not towards WSE as such where we can count on a very positive track record till now and good experiences. However, the new currency can bring us new risks we have to consider. This probably will directly influence our business with derivatives. For LEM, however, we don’t foresee major changes. If WSE 4.0 would fail what we don’t expect then we probably will not list at another stock exchange and continue as private company so that our investors will not endure losses. But this would be the worst case scenario.
(2) Consultancy work was down as we didn’t spend too much time in SL. We are still looking to find ways to expand it. I repeat myself here…lol+
(3) Trading profit was low with 18’408 $L. It will be interesting to see what the new features of WSE 4.0 will bring and how they can contribute to a successful trading business
(4) The derivative LWI:WSE reached its end on 18th January 2008. As outlined before we will try to go into a SPO as soon as WSE 4.0 is opening again. The payback value will be calculated one day after the reopening of the WSE. We will compare this value with the one for the day when WSE did close. The higher one will be taken. At the moment you can expect to get 0.95 $L /share back as the index didn’t showed a positive development in the last 6 months.
(5) LHH:WSE: The title will reach its deadline in mid-march. At the moment we are checking the log data from WSE to calculate the pay back value. It will be published as soon as WSE is opening again. The barrier was reached, however, there were some false trades in WIC which are linked to the old system we have to exclude.
(6) LEM Foundation. We will further invest in Etopia Island to support their sustainable efforts. The new SIM is operational. This investment reflects our commitment to sustainable investment.
(7) LEM Future Fund (LFF): Because some investors claimed their money back in relation to the banking ban we dissolved it with profit for the investors. As soon as WSE will open again we will decide whether we will open a new fund.
Net profitability of equity after dividend is -0.02% (6.08%) p.m.
There is no dividend paid for February
Next report:
===================================================================================
Next report will be published on April 2, 2008. Updated values for NTA, LFB, LWI and LHH are published on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet or send me an e-mail: casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
=================================================================================
NTA slightly went down from 4.08 to 3.99 $L per share during February 2008.
LEM ended February with a loss of 28’927 $L (previous profit of 104’694 $L)
LEM will not pay a dividend for February
WSE was still closed and which permitted only little trading. Important cash positions are still locked in different accounts. In Slcapex we could eliminate cash positions in transferring them into shares we believe before they were converted into SLW.
LEM backed off entirely from DSE stock exchange. This was only possible with a significative loss.
The real estate project at Gomphus came already to an end as we sold it again with profit. We started to function as a broker for European real estate owners who have to pay VAT in order to reduce their charges. We control one SIM and a second will follow in short time.
We dissolved our LEM future fund (LFF) as major holdings are blocked due to market stop and some of the investors claimed their money back. They got entirely reimboursed with profit. As soon as markets will open again and/or markets will function normally we will decide whether we will build up a new one.
The overall situation of LEM looks quite good. However, as investment bank we are suffering from the market stop of WSE and liquidity problems in different other stock exchanges. On the other hand we have a portfolio of interesting values which has potential and the new activities in real estate also start to contriubute positively. We had to cut dividend payment for February but will retake it once the markets start to function normally again.
LEM will continue to develop new financial derivatives, expand our financial services for third parties in SL and intense our activities to bring RL companies into SL.
Results for February 08 (January 08)
================================================================================
Income ($L):
------------
Financial products : 13’058 (33’714)
Trading : 18’408 (54’300)
Consulting : 3’000 (4’250)
Stock sell : 92’174 (162’830)
Others : 632’387 (15’825)
TOTAL : 759’027 (372’240)
Expenses ($L):
--------------
Financial Products : 112’234 (117’995)
Donation : 0 (0)
Tier : 6’000 (6’000)
Wages : 20’000 (10’000)
Stock purchase : 130’720 (133’551)
Others : 519’000 (0)
TOTAL : 768’954 (267’546)
Profit ($L) : -28’927 (104’694)
Asset ($L)
----------
WSE : 5’122’314 (5’170’314)
SLCX : 703’245 (956’005)
DSE : 0 (39’432)
ISE : 32’953 (23’463)
VsTek : 269’293 (0)
Land : 6’000 (6’000)
Loan : 0 (0)
Cash : 1’238’644 (809’241)
Investment : 15’000 (15’000)
Others: 27’500 (27’000)
Total : 7’414’969 (7’573’382)
Liabilities ($L)
----------------
Loan : 500'000 (500’000)
Dividend : 9’058 (86’234)
Tier : 85’000 (6’000)
Total foreign capital : 594’058 (586’234)
Constitutional capital LEM: 1’710’756 (1’710’756)
Constitutional capital LFB: 462’540 (462’540)
Constitutional capital LWI: 130’026 (130’026)
Constitutional capital LHH: 1’572’705 (1’572’705)
LEM Future Fund : 0 (518’000)
Reserves : 2’973’811 (2’488’427)
Profit/Loss : -28’927 (104’694)
Total equity : 6’820’911 (6’987’148)
Total liabilities: 7’414’969 (7’573’382)
Monthly dividend/share : 0.0 $L /month
NAV 3.98 (3.99) $L
EPS -.02% (6.12%)
Notes:
========================================================================
(1) General: LEM is waiting for WSE 4.0. Knowing that this platform will trade in WIC instead of $L we will have to rethink our position. Not towards WSE as such where we can count on a very positive track record till now and good experiences. However, the new currency can bring us new risks we have to consider. This probably will directly influence our business with derivatives. For LEM, however, we don’t foresee major changes. If WSE 4.0 would fail what we don’t expect then we probably will not list at another stock exchange and continue as private company so that our investors will not endure losses. But this would be the worst case scenario.
(2) Consultancy work was down as we didn’t spend too much time in SL. We are still looking to find ways to expand it. I repeat myself here…lol+
(3) Trading profit was low with 18’408 $L. It will be interesting to see what the new features of WSE 4.0 will bring and how they can contribute to a successful trading business
(4) The derivative LWI:WSE reached its end on 18th January 2008. As outlined before we will try to go into a SPO as soon as WSE 4.0 is opening again. The payback value will be calculated one day after the reopening of the WSE. We will compare this value with the one for the day when WSE did close. The higher one will be taken. At the moment you can expect to get 0.95 $L /share back as the index didn’t showed a positive development in the last 6 months.
(5) LHH:WSE: The title will reach its deadline in mid-march. At the moment we are checking the log data from WSE to calculate the pay back value. It will be published as soon as WSE is opening again. The barrier was reached, however, there were some false trades in WIC which are linked to the old system we have to exclude.
(6) LEM Foundation. We will further invest in Etopia Island to support their sustainable efforts. The new SIM is operational. This investment reflects our commitment to sustainable investment.
(7) LEM Future Fund (LFF): Because some investors claimed their money back in relation to the banking ban we dissolved it with profit for the investors. As soon as WSE will open again we will decide whether we will open a new fund.
Net profitability of equity after dividend is -0.02% (6.08%) p.m.
There is no dividend paid for February
Next report:
===================================================================================
Next report will be published on April 2, 2008. Updated values for NTA, LFB, LWI and LHH are published on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet or send me an e-mail: casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Tuesday, February 12, 2008
LFB : Dividend payment for January 2008
There is little to say about the product as the stock exchange market is still closed.
However, a dividend for LFB of 0.2 $L/share has been paid just before.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH and LEM IPO Booster as not approved IPO)
http://lemurinvest.blogspot.com
However, a dividend for LFB of 0.2 $L/share has been paid just before.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH and LEM IPO Booster as not approved IPO)
http://lemurinvest.blogspot.com
Thursday, January 31, 2008
LEM: Business report (January 2008)
Summary
=================================================================================
NAV rose slightly from 3.82 to 4.08 $L per share during January 2008.
Net profitability of equity after dividend was up to 6.12% per month (previous=5.89%)
Dividend is 0.045 $L /share/month
As WSE is closed only limited trading was possible during the first days of January. However, we were lucky with some transactions which had a positive impact on our earnings.
LEM started to finance real estate projects. A first project on mainland (Gomphus) was realized. Based on the experiences further investments are possible.
LEM changed its board to better reflect its businesses. A first board meeting will be held in the beginning of February.
LEM will continue to develop new financial derivatives expand our financial services for third parties and intense our activities to bring RL companies into SL.
Results for January 08 (December 07)
================================================================================
Income ($L):
------------
Financial products : 372’240 (181’399)
Trading : 54’300 (54’900)
Consulting : 4’250 (4’250)
Stock sell : 162’830
Others : 117’146 (15’825)
TOTAL : 372’240 (200’838)
Expenses ($L):
--------------
Financial Products : 117’995 (84’154)
Donation : 0 (0)
Tier : 6’000 (6’000)
Wages : 10’000 (10’000)
Stock purchase : 133’551
TOTAL : 267’546 (117’500)
Profit ($L) : 104’694 (100’684)
Asset ($L)
----------
WSE : 5’170’314 (4’741’752)
SLCX : 956’005 (1’015’474)
DSE : 39’432 (56’230)
ISE : 23’463 (21’740)
Land : 6’000 (6’000)
Loan : 0 (0)
Cash : 809’241 (768’825)
Investment : 15’000 (15’000)
Total : 7’573’382 (6’651’021)
Liabilities ($L)
----------------
Loan : 500’000 (0)
Dividend : 86’234 (114’895)
Total foreign capital : 586’234 (114’895)
Constitutional capital LEM: 1’710’756 (1’710’756)
Constitutional capital LFB: 462’540 (462’540)
Constitutional capital LWI: 130’026 (130’026)
Constitutional capital LHH: 1’572’705 (1’572’705)
LEM Future Fund : 518’000 (518’000)
Reserves : 2’488’428 (2’041’415)
Profit : 104’694 (100’684)
Total equity : 6’987’148 (6’536’126)
Total liabilities: 7’573’382 (6’651’021)
Monthly dividend/share : 0.045 $L /month
NAV 4.08 (3.82)
EPS 6.12% (5.89%)
Notes:
========================================================================
(1) General: LEM is waiting to WSE 4.0 and has some expectations. First that the number of interesting IPO will increase and secondly that this will have a positive influence on the volums. The fact that WSE has their own currency (WIC) opens a door to new virtual businesses and which are independent from LL and its policy. We don’t see this negatively.
(2) Consultancy work was again down which is mere a question of RL occupancy of myself. We still are looking to find ways to expand it. +
(3) Trading brought steady returns of 54’300 $L and this even with a WSE down. We are not planning to aggressively expand this business in 2008
(4) LEM still has an important participation of roughly 5% at HCL. Part of this investment is related to risk management because of our derivative LHH which is a high score product on HCL shares. However, we see these investments still as strategical as we believe in the future of WSE. As outlined under (1)
(5) LFB:WSE: Nothing can be said at the moment as the shares of the basket are not traded as is LFB. We think however, that LFB will restart trading where it was halted. LEM changed the prospectus to put it in line with new LL banking rules. We are no longer guarantee anything and paying dividends instead of fixed interests…good wording to all of us.
(6) The derivative LWI:WSE reached its end on 18th January 2008. As outlined before we will try to go into a SPO as soon as WSE 4.0 is opening again
(7) LHH:WSE: No changes. Pay back value is still 3.67 $L/share.
(8) LEM Foundation. We will further invest in Etopia Island to support their sustainable efforts. A new SIM is operational and ETC will go through a SPO in January/February. LEM foundation will support this SPO financially. This investment reflects our commitment to sustainable investment.
(9) LEM Future Fund (LFF): As WSE is closed no actual portfolio value can be calculated. We will inform our investors as soon as WSE is open again.
(10) LEM has a new board and a new HQ (see link on our blog) from 1st February 2008 on. The board will consist of four members:
-Saya Sakai (ladies first), CDO, Chief design and sales officer
in alphabetical order
-Konner McDonnell, CCO, chief communication officer in LEMspeak
-Smithers Daviau, CTO, chief technical officer and master bunneh
and
-plus me, as CEO.
The changes are needed as LEM is growing and diversed its activities into new business branches.
At this place I also want to thank the leaving board members for their tremendous contributions which turned LEM into a successful business and for their friendship which hopefully will continue.
Net profitability of equity after dividend is 6.12% (5.89%) p.m.
Dividend is 0.045 $L/share/month
Next report:
===================================================================================
Next report will be published on March 2, 2008. Updated values for NTA, LFB, LWI and LHH are published on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet or send me an e-mail: casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
LEM, CEO
Analyst, WSE
House of derivatives (LFB, LWI, LHH, LEM IPO Booster as not yet approved IPO at WSE)
http://lemurinvest.blogspot.com
=================================================================================
NAV rose slightly from 3.82 to 4.08 $L per share during January 2008.
Net profitability of equity after dividend was up to 6.12% per month (previous=5.89%)
Dividend is 0.045 $L /share/month
As WSE is closed only limited trading was possible during the first days of January. However, we were lucky with some transactions which had a positive impact on our earnings.
LEM started to finance real estate projects. A first project on mainland (Gomphus) was realized. Based on the experiences further investments are possible.
LEM changed its board to better reflect its businesses. A first board meeting will be held in the beginning of February.
LEM will continue to develop new financial derivatives expand our financial services for third parties and intense our activities to bring RL companies into SL.
Results for January 08 (December 07)
================================================================================
Income ($L):
------------
Financial products : 372’240 (181’399)
Trading : 54’300 (54’900)
Consulting : 4’250 (4’250)
Stock sell : 162’830
Others : 117’146 (15’825)
TOTAL : 372’240 (200’838)
Expenses ($L):
--------------
Financial Products : 117’995 (84’154)
Donation : 0 (0)
Tier : 6’000 (6’000)
Wages : 10’000 (10’000)
Stock purchase : 133’551
TOTAL : 267’546 (117’500)
Profit ($L) : 104’694 (100’684)
Asset ($L)
----------
WSE : 5’170’314 (4’741’752)
SLCX : 956’005 (1’015’474)
DSE : 39’432 (56’230)
ISE : 23’463 (21’740)
Land : 6’000 (6’000)
Loan : 0 (0)
Cash : 809’241 (768’825)
Investment : 15’000 (15’000)
Total : 7’573’382 (6’651’021)
Liabilities ($L)
----------------
Loan : 500’000 (0)
Dividend : 86’234 (114’895)
Total foreign capital : 586’234 (114’895)
Constitutional capital LEM: 1’710’756 (1’710’756)
Constitutional capital LFB: 462’540 (462’540)
Constitutional capital LWI: 130’026 (130’026)
Constitutional capital LHH: 1’572’705 (1’572’705)
LEM Future Fund : 518’000 (518’000)
Reserves : 2’488’428 (2’041’415)
Profit : 104’694 (100’684)
Total equity : 6’987’148 (6’536’126)
Total liabilities: 7’573’382 (6’651’021)
Monthly dividend/share : 0.045 $L /month
NAV 4.08 (3.82)
EPS 6.12% (5.89%)
Notes:
========================================================================
(1) General: LEM is waiting to WSE 4.0 and has some expectations. First that the number of interesting IPO will increase and secondly that this will have a positive influence on the volums. The fact that WSE has their own currency (WIC) opens a door to new virtual businesses and which are independent from LL and its policy. We don’t see this negatively.
(2) Consultancy work was again down which is mere a question of RL occupancy of myself. We still are looking to find ways to expand it. +
(3) Trading brought steady returns of 54’300 $L and this even with a WSE down. We are not planning to aggressively expand this business in 2008
(4) LEM still has an important participation of roughly 5% at HCL. Part of this investment is related to risk management because of our derivative LHH which is a high score product on HCL shares. However, we see these investments still as strategical as we believe in the future of WSE. As outlined under (1)
(5) LFB:WSE: Nothing can be said at the moment as the shares of the basket are not traded as is LFB. We think however, that LFB will restart trading where it was halted. LEM changed the prospectus to put it in line with new LL banking rules. We are no longer guarantee anything and paying dividends instead of fixed interests…good wording to all of us.
(6) The derivative LWI:WSE reached its end on 18th January 2008. As outlined before we will try to go into a SPO as soon as WSE 4.0 is opening again
(7) LHH:WSE: No changes. Pay back value is still 3.67 $L/share.
(8) LEM Foundation. We will further invest in Etopia Island to support their sustainable efforts. A new SIM is operational and ETC will go through a SPO in January/February. LEM foundation will support this SPO financially. This investment reflects our commitment to sustainable investment.
(9) LEM Future Fund (LFF): As WSE is closed no actual portfolio value can be calculated. We will inform our investors as soon as WSE is open again.
(10) LEM has a new board and a new HQ (see link on our blog) from 1st February 2008 on. The board will consist of four members:
-Saya Sakai (ladies first), CDO, Chief design and sales officer
in alphabetical order
-Konner McDonnell, CCO, chief communication officer in LEMspeak
-Smithers Daviau, CTO, chief technical officer and master bunneh
and
-plus me, as CEO.
The changes are needed as LEM is growing and diversed its activities into new business branches.
At this place I also want to thank the leaving board members for their tremendous contributions which turned LEM into a successful business and for their friendship which hopefully will continue.
Net profitability of equity after dividend is 6.12% (5.89%) p.m.
Dividend is 0.045 $L/share/month
Next report:
===================================================================================
Next report will be published on March 2, 2008. Updated values for NTA, LFB, LWI and LHH are published on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet or send me an e-mail: casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
LEM, CEO
Analyst, WSE
House of derivatives (LFB, LWI, LHH, LEM IPO Booster as not yet approved IPO at WSE)
http://lemurinvest.blogspot.com
Saturday, January 26, 2008
LEM: Prospectus update and various matter
Dear all,
we've adapted to the LL banking policy by rephrasing a few key items in the prospectus of our derivatives (LFB, LWI, LHH): replacing interest by dividend and avoiding the term "guaranteed". Nothing fundamental has changed and LEM togehter with all its derivatives fully apply to the TOS of WSE.
However, if you have concerns or questions please feel free to IM me or send me an e-mail: casper.trebuchet@gmail.com
I also like to take the opportunity to communicate to you that LEM will have a new board from february 08 on. It consists of four members:
-Saya Sakai (ladies first), CDO, Chief design and sales officer
in alphabetical order
-Konner McDonnell, CCO, chief communication officer in LEMspeak
-Smithers Daviau, CTO, chief technical officer and master bunneh
and
-plus me, as chieftain somewhere on a tree.
I wish us only the best...
As WSE is still closed it is a bit difficult to operate LEM in a normal way. As soon as WSE is open again we will decide on our reporting and dividend payment for LEM but also its derivatives. We will keep you posted.
Happy waiting and greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
we've adapted to the LL banking policy by rephrasing a few key items in the prospectus of our derivatives (LFB, LWI, LHH): replacing interest by dividend and avoiding the term "guaranteed". Nothing fundamental has changed and LEM togehter with all its derivatives fully apply to the TOS of WSE.
However, if you have concerns or questions please feel free to IM me or send me an e-mail: casper.trebuchet@gmail.com
I also like to take the opportunity to communicate to you that LEM will have a new board from february 08 on. It consists of four members:
-Saya Sakai (ladies first), CDO, Chief design and sales officer
in alphabetical order
-Konner McDonnell, CCO, chief communication officer in LEMspeak
-Smithers Daviau, CTO, chief technical officer and master bunneh
and
-plus me, as chieftain somewhere on a tree.
I wish us only the best...
As WSE is still closed it is a bit difficult to operate LEM in a normal way. As soon as WSE is open again we will decide on our reporting and dividend payment for LEM but also its derivatives. We will keep you posted.
Happy waiting and greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Wednesday, January 16, 2008
LEM: Update
LEM decided to invest into its first real estate project within SL
http://slurl.com/secondlife/Gomphus/137/110/251
It's a piece of mature main land we explore in co-operation with Saya Sakai Estate a specialist in design and resell. Roughly 80% of the area is rented out at the moment. If you are interested you can IM SAYA SAKAI, the manager, inworld.
We think dragonflies (gomphus..) fit perfectly to Lemurs, they cause fear during daytime and Lemurs as nightmares..lol
Furthermore we are in train to move our main office to a new destination on Universe Island.
The old offices on Etopia Island we will maintain. We will use them as home of our LEM foundation which is supporting and financing projects within SL with sustainable character. As Etopia Island is such a development project there is good reason to stay there. We are financing part of the development and will further support Etopia in its development. Recently a second SIM was added, come have a look too.
LEM Invest
http://slurl.com/secondlife/Universes/24/206/21
LEM Foundation
http://slurl.com/secondlife/Etopia%20Island/178/82/23
Coming back to our core business. We wait with agony to what will happen after 22nd January. Prinicpally we will continue with our business as before. Unfortunately the information given from LL is not at all clear towards our derivative products.
However, we will not start to hire attorneys etc also we did our research. I have to add that things become quite complicate as I'm Swiss resident and not US or even Canadian as some people think in SL. Should I come up with a RL company identification and then after Swiss or USA law? I could continue easily as there are so many open question and probably no answers. We decided to continue in a pragmatic way. We will clean our products on WSE in what we think is in accordance with the new bank regulation of LL and develop a plan B for reimboursement if new concerns would appear. This mainly concerns our derivatives.
As you can see in the picture, we are still doing fine and enjoying the winter sun. In the beginning of February we will held a shareholder meeting to discuss future development and in the same time allocate a new board to represent our new expansion policy. The exact meeting will be communicated on 24th January.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
http://slurl.com/secondlife/Gomphus/137/110/251
It's a piece of mature main land we explore in co-operation with Saya Sakai Estate a specialist in design and resell. Roughly 80% of the area is rented out at the moment. If you are interested you can IM SAYA SAKAI, the manager, inworld.
We think dragonflies (gomphus..) fit perfectly to Lemurs, they cause fear during daytime and Lemurs as nightmares..lol
Furthermore we are in train to move our main office to a new destination on Universe Island.
The old offices on Etopia Island we will maintain. We will use them as home of our LEM foundation which is supporting and financing projects within SL with sustainable character. As Etopia Island is such a development project there is good reason to stay there. We are financing part of the development and will further support Etopia in its development. Recently a second SIM was added, come have a look too.
LEM Invest
http://slurl.com/secondlife/Universes/24/206/21
LEM Foundation
http://slurl.com/secondlife/Etopia%20Island/178/82/23
Coming back to our core business. We wait with agony to what will happen after 22nd January. Prinicpally we will continue with our business as before. Unfortunately the information given from LL is not at all clear towards our derivative products.
However, we will not start to hire attorneys etc also we did our research. I have to add that things become quite complicate as I'm Swiss resident and not US or even Canadian as some people think in SL. Should I come up with a RL company identification and then after Swiss or USA law? I could continue easily as there are so many open question and probably no answers. We decided to continue in a pragmatic way. We will clean our products on WSE in what we think is in accordance with the new bank regulation of LL and develop a plan B for reimboursement if new concerns would appear. This mainly concerns our derivatives.
As you can see in the picture, we are still doing fine and enjoying the winter sun. In the beginning of February we will held a shareholder meeting to discuss future development and in the same time allocate a new board to represent our new expansion policy. The exact meeting will be communicated on 24th January.
Greetz
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Wednesday, January 9, 2008
LEM: Update and New Banking Policy from LL
LEM feels obliged to give an update in relation to the latest news from LL and WSE but also about ourselves.
We basically support the new ruling from LL also applied in a not understandable way and think that this will not only help to reduce fraud and thefts inside SL but also to reinforce SL economy in the mid and long run.
To diverse our businesses LEM started a co-operation with a SL-estate company in order to realize real estate projects where we see a lot of growth potential.
All these events will influence the profitability of our company negatively during January. On the other hand we will create an even more stable fundament which will allow future growth for LEM.
As soon as WSE 4.0 is operational we will hold a shareholder meeting and elect a new board in accordance with the new constitution of WSE.
New bank ruling/WSE trading halt:
================================
2008 really started hectic but LEM thinks only for the good. The trading halt at WSE of 30 days was a major event for us and we wrote already about the impacts this has on our activities. They are important but can be seen as an investment in the future development of something new – the first worldwide cyber stock exchange market! LEM thinks that this investment risk is worth to be taken.
The new banking policy of LL is aiming in the right direction in the mid and long term. However, LEM will be affected with some of its businesses. First we sit at the moment on quite a large cash position which is either frozen on WSE or stuck in our LL account or locked in other banks. No way to get it out or even realize some minor interests anymore. As we speak of roughly 1 million $L this may affect our earnings (compare with our financial report).
More worrying is the actual situation in SL bank environment. You just have to read the forums to understand that the situation can only be described as chaotic and helpless. We wouldn’t be surprised to see different banks vanish after 22nd January and probably even some of the stock exchanges. We don’t hope this of course but have to consider this possibility in our calculations. Right now we are heavily invested in Capex where we held major positions in YEP, MECH, WPM and ITA. These positions aren’t too much bank related except WPM. ITA belongs to another risk category.
Listening to the announcement of today from WSE - https://www.wselive.com/research/announcement_detail/3319 - we believe that WSE developed a convenient solution for the banking problem which will bring the world stock exchange to new heights. If this happens LEM is nicely positioned with its portfolio.
Real estate:
=======
Real estate is our pain in the neck, at least it looks like. Not surprisingly as Lemurs are artists in life adaption to the habitat of Madagascar but not necessarily in gifting the world with exploding population growth on all continents. LEM doesn’t refuse growth but sees more vertical growth potential among our existing product chains. Even our support for sustainable development with LEM foundation on Etopia Island must be seen that way.
After quite a bit of consideration and analyzing the situation LEM decided not to go directly into real estate business in SL as it is not our core business. Nevertheless, we are persuaded that real estate represents an interesting business opportunity in SL and many successful companies listed on WSE show us that this is true, eg. DDE, ETC, HOT, LNL or SIM. LEM is holding important participations in those companies and will not rethink its position as long as the ROI is as high as it was till now.
However, we will do real estate but in a different way. LEM created a co-operation with Saya Sakai Inc. a company we know since a longtime with which we will realize real estate projects (Trebuchet Sakai Estate Inc). Saya Sakai Inc. is doing the marketing and management whereas LEM is financial partner. Saya Sakai Inc has more than 1 SL year experience with product design and real estate management. TS Estate purchased today a first SIM on mainland and will further develop this business Gomphus (137,110,251).
Board:
====
LEM will change its board to be more coherent to its growth and development strategy. As soon as WSE 4.0 is in place we will hold a shareholder meeting where we also will nominate the new board in accordance with new constitution of WSE 4.0.
IM me if you have any question or send me an e-mail casper.trebuchet@gmail.com
Greetz and happy waiting
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
We basically support the new ruling from LL also applied in a not understandable way and think that this will not only help to reduce fraud and thefts inside SL but also to reinforce SL economy in the mid and long run.
To diverse our businesses LEM started a co-operation with a SL-estate company in order to realize real estate projects where we see a lot of growth potential.
All these events will influence the profitability of our company negatively during January. On the other hand we will create an even more stable fundament which will allow future growth for LEM.
As soon as WSE 4.0 is operational we will hold a shareholder meeting and elect a new board in accordance with the new constitution of WSE.
New bank ruling/WSE trading halt:
================================
2008 really started hectic but LEM thinks only for the good. The trading halt at WSE of 30 days was a major event for us and we wrote already about the impacts this has on our activities. They are important but can be seen as an investment in the future development of something new – the first worldwide cyber stock exchange market! LEM thinks that this investment risk is worth to be taken.
The new banking policy of LL is aiming in the right direction in the mid and long term. However, LEM will be affected with some of its businesses. First we sit at the moment on quite a large cash position which is either frozen on WSE or stuck in our LL account or locked in other banks. No way to get it out or even realize some minor interests anymore. As we speak of roughly 1 million $L this may affect our earnings (compare with our financial report).
More worrying is the actual situation in SL bank environment. You just have to read the forums to understand that the situation can only be described as chaotic and helpless. We wouldn’t be surprised to see different banks vanish after 22nd January and probably even some of the stock exchanges. We don’t hope this of course but have to consider this possibility in our calculations. Right now we are heavily invested in Capex where we held major positions in YEP, MECH, WPM and ITA. These positions aren’t too much bank related except WPM. ITA belongs to another risk category.
Listening to the announcement of today from WSE - https://www.wselive.com/research/announcement_detail/3319 - we believe that WSE developed a convenient solution for the banking problem which will bring the world stock exchange to new heights. If this happens LEM is nicely positioned with its portfolio.
Real estate:
=======
Real estate is our pain in the neck, at least it looks like. Not surprisingly as Lemurs are artists in life adaption to the habitat of Madagascar but not necessarily in gifting the world with exploding population growth on all continents. LEM doesn’t refuse growth but sees more vertical growth potential among our existing product chains. Even our support for sustainable development with LEM foundation on Etopia Island must be seen that way.
After quite a bit of consideration and analyzing the situation LEM decided not to go directly into real estate business in SL as it is not our core business. Nevertheless, we are persuaded that real estate represents an interesting business opportunity in SL and many successful companies listed on WSE show us that this is true, eg. DDE, ETC, HOT, LNL or SIM. LEM is holding important participations in those companies and will not rethink its position as long as the ROI is as high as it was till now.
However, we will do real estate but in a different way. LEM created a co-operation with Saya Sakai Inc. a company we know since a longtime with which we will realize real estate projects (Trebuchet Sakai Estate Inc). Saya Sakai Inc. is doing the marketing and management whereas LEM is financial partner. Saya Sakai Inc has more than 1 SL year experience with product design and real estate management. TS Estate purchased today a first SIM on mainland and will further develop this business Gomphus (137,110,251).
Board:
====
LEM will change its board to be more coherent to its growth and development strategy. As soon as WSE 4.0 is in place we will hold a shareholder meeting where we also will nominate the new board in accordance with new constitution of WSE 4.0.
IM me if you have any question or send me an e-mail casper.trebuchet@gmail.com
Greetz and happy waiting
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Friday, January 4, 2008
WSE - update - trading halt and consequences
We all saw that WSE halted trading today till WSE 4.0 system is in place which should occur within the next 30 days.
These 30 days are a long time. However, LEM trusts that we will get in exchange a new multifunctional trading platform which opens new markets and will bring the market place to a new exceptional level. We hope that WSE 4.0 will be coupled with a straight forward oriented communication politicy which outlines the new strategy and explain about the next steps which will be taken.
The trading halt of WSE has some impacts on LEM and some of the derivatives which we would like to outline to you.
LEM: Trading is integrated part of our activities and we have 5 million $L in assets on WSE- Logically our earnings will be hurt also as other companies may rethink their dividend strategy. On the positive part, however, we think that WSE will come back on its premises and pay a dividend in February for both HCL and HCB. In consequence there is a risk that our monthly dividend will be lower than 0.045 $L/share as it was in the last 6 months but will resume than again once WSE 4.0 will be in place. Our NTA is still standing at 3.8 $L/share which makes our shares undervalued with latest prices of 1.6 $L/share. We will use the trading halt to explore new investment possibilities (latest share price for LEM = 1.62 $L/share)
LWI. A company resolution was running which had a deadline scheduled for 7th January 08. Before trading halt 100% of the votes went for option a) – the prolongation of LWI (see last note on our blog about LWI). Also reflecting only 3% of all possible votes we will go for this option as soon as WSE is opening again. LEM thinks that we can defend this position as the resolution run already for more than 10 days which left enough time for all investors to vote, also for those which were in holidays over Christmas and New Year. In conclusion LWI gets a prolongation till 18th July 2008 and we will request a SPO for max. 500’000 shares at an initial price of 1 $L from WSE. We are very positive about the future development of LWI and its underlying shares. (latest share price for LWI= 1.71 $L/share)
LFB: Not really affected. However, it would if HCL pays a decent dividend in February which would have some positive impacts on the basket (latest price for LFB = 8.63 $L/share
LHH: The same can be said about LHH. This high score derivative will surely profit from a rebound of WSE and HCL. However, you also have to note that it only runs till 15th March. If HCL would climb up to new heights LHH would too, to be seen. LHH was latest traded at 3.44. Buy back is set at 3.67 $L/share
LEM hopes that these information are useful for you. Please feel free to contact us if you have questions, by IM or by e-mail: casper.trebuchet@gmail.com
Greetz and happy waiting
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
These 30 days are a long time. However, LEM trusts that we will get in exchange a new multifunctional trading platform which opens new markets and will bring the market place to a new exceptional level. We hope that WSE 4.0 will be coupled with a straight forward oriented communication politicy which outlines the new strategy and explain about the next steps which will be taken.
The trading halt of WSE has some impacts on LEM and some of the derivatives which we would like to outline to you.
LEM: Trading is integrated part of our activities and we have 5 million $L in assets on WSE- Logically our earnings will be hurt also as other companies may rethink their dividend strategy. On the positive part, however, we think that WSE will come back on its premises and pay a dividend in February for both HCL and HCB. In consequence there is a risk that our monthly dividend will be lower than 0.045 $L/share as it was in the last 6 months but will resume than again once WSE 4.0 will be in place. Our NTA is still standing at 3.8 $L/share which makes our shares undervalued with latest prices of 1.6 $L/share. We will use the trading halt to explore new investment possibilities (latest share price for LEM = 1.62 $L/share)
LWI. A company resolution was running which had a deadline scheduled for 7th January 08. Before trading halt 100% of the votes went for option a) – the prolongation of LWI (see last note on our blog about LWI). Also reflecting only 3% of all possible votes we will go for this option as soon as WSE is opening again. LEM thinks that we can defend this position as the resolution run already for more than 10 days which left enough time for all investors to vote, also for those which were in holidays over Christmas and New Year. In conclusion LWI gets a prolongation till 18th July 2008 and we will request a SPO for max. 500’000 shares at an initial price of 1 $L from WSE. We are very positive about the future development of LWI and its underlying shares. (latest share price for LWI= 1.71 $L/share)
LFB: Not really affected. However, it would if HCL pays a decent dividend in February which would have some positive impacts on the basket (latest price for LFB = 8.63 $L/share
LHH: The same can be said about LHH. This high score derivative will surely profit from a rebound of WSE and HCL. However, you also have to note that it only runs till 15th March. If HCL would climb up to new heights LHH would too, to be seen. LHH was latest traded at 3.44. Buy back is set at 3.67 $L/share
LEM hopes that these information are useful for you. Please feel free to contact us if you have questions, by IM or by e-mail: casper.trebuchet@gmail.com
Greetz and happy waiting
Casper Trebuchet
LEM, CEO
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Wednesday, January 2, 2008
LWI: Prolongation and update
Dear Investors
LWI is a derivative which participates on the increase of an index composed of 10 major shares at WSE.
The derivative will expire on 18th January 2008. At actual index rates the reference index of the product is still in the minus (812.48, today, 24th December 2007) which means that the actual investors will only get 0.95 $L back per share.
However, we all know how volatile the markets are and awesome opportunities are likely to come with WSE 4.0 in mid-Janaury which will bring in new customers from RL but also economy in SL is recovering if we look at SL market data. The index still can jump till that date.
LWI is a very handy way to participate on the increase of shares of listed companies without being forced to spend your time to follow share prices etc. You even don't have to worry about the dividends as they are automatically included in the index calculation. A special thank you is given to Brodsky and his www.slquotes.com system;-)
In fact the index looks right now much worse as it really is. HCL is important to watch, as they only pay dividends tri-monthly and didn't last time which is harming the share. However, we see this is likely to change in 2008 with increased volums and the new opportunities! DDE, HOT and LEM are off SPO and have to find a new evaluation level. ETC is planning to expand and will come up with a SPO. RDX we see potential, either over her growing real estate empire or her RL committments. LLL is a steady value and outperformed in the index (60% win). HUI is also steady, ALL continues to improve and LGO is at the moment under observation. Probably we will change this value with something which is not scripting focused. CAR, PPL, APZ are possible candidates.
Considering overall market situation we believe that LWI will grow significantly during the next 6 months. If it grows you can participate with 95% and even >100% on the increase (dividends included). That is way we think LWI is an interesting product. Calculation details are given in our prospectus.
What we suggest is the following:
(a) Expand end spot date from 18th January 2008 to 18th July 2008 => vote YES
(b) Close LWI and pay back investors money. For actual index 812.43 this value will be 0.95 $L/share => vote NO!
If you vote for (a) we will WSE ask to approve a SPO on 18th January. Share price 1 $L/share. Maximum outstanding shares 500'000 shares.
IF you have questions dont hestitate to IM me or send me an e-mail..casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
LWI is a derivative which participates on the increase of an index composed of 10 major shares at WSE.
The derivative will expire on 18th January 2008. At actual index rates the reference index of the product is still in the minus (812.48, today, 24th December 2007) which means that the actual investors will only get 0.95 $L back per share.
However, we all know how volatile the markets are and awesome opportunities are likely to come with WSE 4.0 in mid-Janaury which will bring in new customers from RL but also economy in SL is recovering if we look at SL market data. The index still can jump till that date.
LWI is a very handy way to participate on the increase of shares of listed companies without being forced to spend your time to follow share prices etc. You even don't have to worry about the dividends as they are automatically included in the index calculation. A special thank you is given to Brodsky and his www.slquotes.com system;-)
In fact the index looks right now much worse as it really is. HCL is important to watch, as they only pay dividends tri-monthly and didn't last time which is harming the share. However, we see this is likely to change in 2008 with increased volums and the new opportunities! DDE, HOT and LEM are off SPO and have to find a new evaluation level. ETC is planning to expand and will come up with a SPO. RDX we see potential, either over her growing real estate empire or her RL committments. LLL is a steady value and outperformed in the index (60% win). HUI is also steady, ALL continues to improve and LGO is at the moment under observation. Probably we will change this value with something which is not scripting focused. CAR, PPL, APZ are possible candidates.
Considering overall market situation we believe that LWI will grow significantly during the next 6 months. If it grows you can participate with 95% and even >100% on the increase (dividends included). That is way we think LWI is an interesting product. Calculation details are given in our prospectus.
What we suggest is the following:
(a) Expand end spot date from 18th January 2008 to 18th July 2008 => vote YES
(b) Close LWI and pay back investors money. For actual index 812.43 this value will be 0.95 $L/share => vote NO!
If you vote for (a) we will WSE ask to approve a SPO on 18th January. Share price 1 $L/share. Maximum outstanding shares 500'000 shares.
IF you have questions dont hestitate to IM me or send me an e-mail..casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
House of derivatives (LFB, LWI, LHH)
http://lemurinvest.blogspot.com
Tuesday, January 1, 2008
LEM: Business report (December 08)
Summary
=================================================================================
NAV rose slightly from 3.44 to 3.82 during December 2008 mainly driven due to ending SPO and increase in some positions in our portfolio.
Net profitability of equity after dividend was down to 5.89% /month (10.75%)
Dividend is 0.045 $L /share/month plus bonus of 0.015 $L/share to honor support of investors during 2007
Ending SPO was successful and brought us more of 300’000 $L in cash. We used it to increase our cash position. This cash position will be used to finance new investment projects within SL.
Trading activities were reduced but ended with a win of 86’400 $L. There were any losses.
LEM will continue to develop new financial derivatives expand our financial services for third parties and intense our activities to bring RL companies into SL.
Results for December (November)
================================================================================
Income ($L):
------------
Financial products : 181’399 (280’581)
Others : 19’439 (15’825)
TOTAL : 200’838 (296'406)
Expenses ($L):
--------------
Financial Products : 84’154 (101’500)
Donation : 0 (0)
Tier : 6’000 (6'000)
Wages : 10’000 (10'000)
TOTAL : 100’154 (117’500)
Profit ($L) : 100’684 (178’906)
Asset ($L)
----------
WSE : 4’741’752 (4’571’356)
SLCX : 1’015’474 (848’463)
DSE : 56’230 (62’105)
ISE : 21’740 (27’986)
Land : 6’000 (6’000)
Loan : 0 (0)
Cash : 768’825 (251’053)
Investment : 15’000 (14'000)
Total : 6’651’021 (5’806’963)
Liabilities ($L)
----------------
Loan : 0 (0)
Dividend : 114’895 (84'154)
Total foreign capital : 114’895 (84’154)
Constitutional capital LEM: 1’710’756 (1’663’641)
Constitutional capital LFB: 462’540 (464’480)
Constitutional capital LWI: 130'026 (130’026)
Constitutional capital LHH: 1’572’705 (1'671'590)
LEM Future Fund : 520’000 (518'000)
Reserves : 2’041’415 (1’094'166)
Profit : 100’684 (178’906)
Total equity : 6’536’126 (5’722’809)
Total liabilities: 6’651’021 (5’806’963)
Monthly dividend/share : 0.045 $L /month + bonus of 0.015 $L/share
NAV 3.82 (3.44)
Notes:
========================================================================
(1) General: Latest rumors tell us that WSE 4.o will probably become operational this month. A marketing campaign may follow in RL to produce awareness among non- SL-users. WSE outlined in their latest announcement that traffic may reach 10 million $L daily. We are less optimistic but even if only part of this will come true we will see moving this stock exchange to new evaluation levels which will also positively influence our portfolio.
(2) Consultancy work was still down this month. This is something we want to increase again in 2008. +
(3) Trading brought 86’400 $L profit. We expect that this value will increase in relation to the introduction of WSE 4.0
(4) LEM keeps an important participation of roughly 5% at HCL. Part of this investment is related to risk management because of our derivative LHH which is a high score product on HCL shares. However, we see these investments as strategical as we believe in the future of WSE.
(5) LFB: The index is still on the down path driven by weighted calculation method (compare with prospectus). At actual prices of 8.62 $L LFB has a profitability of >50% p.a. As already outlined at different times before, only a small increase in HCL and RDX is needed to bring LFB up and then 7% dividend/month would be applicable.
(4) The derivative LWI:WSE will reach its end on 18th January 2008. At the moment a company resolution is running which will end on 7th January 2008. We ask to expand end spot date to 18th July 2008 and to lance a SPO where we want to create a maximum of 500’000 shares. SPO share price will be 1 $L/share. Till today it looks as the resolution will pass. Values for LWI can be followed in real time on our blog http://lemurinvest.blogspot.com
(5) LHH:WSE. No changes. Buy back value is still 3.67 $L/share.
(6) LEM Foundation. We will further invest in Etopia Island to support their sustainable efforts. A new SIM was purchased and ETC will go through a SPO in January/February. LEM will support this SPO financially. This investment reflects our commitment to sustainable investment.
7) LEM Future Fund (LFF): LFF has a portfolio of over 520’000 $L. LFF is a closed fund. Minimal investment is 10'000 $L and at the moment 25% are invested in bonds, 20% in project within SL, 5% in cash and 50% in shares. Inner prices are published weekly on our blog. This week a single part was at 1.16 $L which is an increase of 16% since its creation.
Net profitability of equity after dividend is 5.89% /month
Dividend is 0.045 $L/share/month + bonus of 0.015 $L/share
Next report:
===================================================================================
Next report will be published on February 2, 2008. Updated values for NTA, LFB, LWI and LHH are published on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet
Greetz
Casper Trebuchet
LEM, CEO
Analyst, WSE
House of derivatives (LFB, LWI, LHH, LEM IPO Booster as not yet approved IPO at WSE)
http://lemurinvest.blogspot.com
=================================================================================
NAV rose slightly from 3.44 to 3.82 during December 2008 mainly driven due to ending SPO and increase in some positions in our portfolio.
Net profitability of equity after dividend was down to 5.89% /month (10.75%)
Dividend is 0.045 $L /share/month plus bonus of 0.015 $L/share to honor support of investors during 2007
Ending SPO was successful and brought us more of 300’000 $L in cash. We used it to increase our cash position. This cash position will be used to finance new investment projects within SL.
Trading activities were reduced but ended with a win of 86’400 $L. There were any losses.
LEM will continue to develop new financial derivatives expand our financial services for third parties and intense our activities to bring RL companies into SL.
Results for December (November)
================================================================================
Income ($L):
------------
Financial products : 181’399 (280’581)
Others : 19’439 (15’825)
TOTAL : 200’838 (296'406)
Expenses ($L):
--------------
Financial Products : 84’154 (101’500)
Donation : 0 (0)
Tier : 6’000 (6'000)
Wages : 10’000 (10'000)
TOTAL : 100’154 (117’500)
Profit ($L) : 100’684 (178’906)
Asset ($L)
----------
WSE : 4’741’752 (4’571’356)
SLCX : 1’015’474 (848’463)
DSE : 56’230 (62’105)
ISE : 21’740 (27’986)
Land : 6’000 (6’000)
Loan : 0 (0)
Cash : 768’825 (251’053)
Investment : 15’000 (14'000)
Total : 6’651’021 (5’806’963)
Liabilities ($L)
----------------
Loan : 0 (0)
Dividend : 114’895 (84'154)
Total foreign capital : 114’895 (84’154)
Constitutional capital LEM: 1’710’756 (1’663’641)
Constitutional capital LFB: 462’540 (464’480)
Constitutional capital LWI: 130'026 (130’026)
Constitutional capital LHH: 1’572’705 (1'671'590)
LEM Future Fund : 520’000 (518'000)
Reserves : 2’041’415 (1’094'166)
Profit : 100’684 (178’906)
Total equity : 6’536’126 (5’722’809)
Total liabilities: 6’651’021 (5’806’963)
Monthly dividend/share : 0.045 $L /month + bonus of 0.015 $L/share
NAV 3.82 (3.44)
Notes:
========================================================================
(1) General: Latest rumors tell us that WSE 4.o will probably become operational this month. A marketing campaign may follow in RL to produce awareness among non- SL-users. WSE outlined in their latest announcement that traffic may reach 10 million $L daily. We are less optimistic but even if only part of this will come true we will see moving this stock exchange to new evaluation levels which will also positively influence our portfolio.
(2) Consultancy work was still down this month. This is something we want to increase again in 2008. +
(3) Trading brought 86’400 $L profit. We expect that this value will increase in relation to the introduction of WSE 4.0
(4) LEM keeps an important participation of roughly 5% at HCL. Part of this investment is related to risk management because of our derivative LHH which is a high score product on HCL shares. However, we see these investments as strategical as we believe in the future of WSE.
(5) LFB: The index is still on the down path driven by weighted calculation method (compare with prospectus). At actual prices of 8.62 $L LFB has a profitability of >50% p.a. As already outlined at different times before, only a small increase in HCL and RDX is needed to bring LFB up and then 7% dividend/month would be applicable.
(4) The derivative LWI:WSE will reach its end on 18th January 2008. At the moment a company resolution is running which will end on 7th January 2008. We ask to expand end spot date to 18th July 2008 and to lance a SPO where we want to create a maximum of 500’000 shares. SPO share price will be 1 $L/share. Till today it looks as the resolution will pass. Values for LWI can be followed in real time on our blog http://lemurinvest.blogspot.com
(5) LHH:WSE. No changes. Buy back value is still 3.67 $L/share.
(6) LEM Foundation. We will further invest in Etopia Island to support their sustainable efforts. A new SIM was purchased and ETC will go through a SPO in January/February. LEM will support this SPO financially. This investment reflects our commitment to sustainable investment.
7) LEM Future Fund (LFF): LFF has a portfolio of over 520’000 $L. LFF is a closed fund. Minimal investment is 10'000 $L and at the moment 25% are invested in bonds, 20% in project within SL, 5% in cash and 50% in shares. Inner prices are published weekly on our blog. This week a single part was at 1.16 $L which is an increase of 16% since its creation.
Net profitability of equity after dividend is 5.89% /month
Dividend is 0.045 $L/share/month + bonus of 0.015 $L/share
Next report:
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Next report will be published on February 2, 2008. Updated values for NTA, LFB, LWI and LHH are published on our blog (http://lemurinvest.blogspot.com)
In case of further questions please IM Casper Trebuchet
Greetz
Casper Trebuchet
LEM, CEO
Analyst, WSE
House of derivatives (LFB, LWI, LHH, LEM IPO Booster as not yet approved IPO at WSE)
http://lemurinvest.blogspot.com
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