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
Saturday, March 29, 2008
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
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