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