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
No comments:
Post a Comment