LEM:ISE ended January 2009 with a profit of 44'142 $L before dividend payment. NAV rose up to 1.65 $L/share. The dividend is set to be 0.015 $L/share and will be distributed today.
January was quite a good month which saw as using the currency exchanges to our profit and which contributed to our income significantly. As a company we are a bit worried about the consequences the purchase of Xstreet through LL might have on the currency exchanges. The one at Xstreet is operating with a spread which brings him much closer to "real" circumstances. However, it needs much more care and survey if someone wants to use it as a currency trader. If LL would suppress one of those it would have significant influences on our company strategy.
Most of the companies in our portfolio paid dividends which also contributed positively to our revenu. Two of those companies – DDE and RDX – announced already strong results for January. LEM is hoping that those announcements are already a sign that SL markets found finally a bottom and start to get bullish again.
Unfortunately we had to cancel the derivative LMLFDDE:ISE which passed successfully the IPO procedure. This happened because of risk and operational issues we couldn't neglect. However, the fact that there exists a mutual interest in such products makes us optimistic for further developments. We have already some products in mind which belong to a different risk category and help the holder to earn a steady income even in markets with low trading volums and large spread.
LEM:ISE is quite happy that RDX:ISE finally moved to ISE and could successfully list. It permitted LEM to recover some of its lost assets at WSE what we really appreciate- thank you Redux. The shares of RDX boost our NAV up to 1.65 $L. Right now we are not planning to buy back shares. However, we will use the market to keep an eye on the range in which LEM is traded.
The balance sheet and PL-sheet is given below
LEM
Our outlook for February is good. We cannot guarantee the level of income as it depends partly on the future of currency exchanges in SL. However, there are more dividends to expect from companies in our portfolio. More important, we will continue to develop derivatives and looking out for interesting investment possibilities inside SL. Also we are worried about the consequences of the Xstreet purchase of LL in relation to currency exchanges we globally think that the strategy changes in LL might have some positive future impact on SL in general and therefore in the end on the economy of SL as a whole.
But all who know me know that I’m a hopeless optimist…lol
Greetz
Casper Trebuchet
CEO, LEM:ISE
Saturday, January 31, 2009
Friday, January 16, 2009
LMLFDDE - already busted?
yes it would if it would have been traded. In the last three days I set up the conditions each day just to see that the stop loss was reached again...lol
This would be a nice business for LEM- 60'000 $L profit in such a short time, but you understand that I see that differently.
Everything is ready for the derivative, the new conditions are set, the terms too but the circumstances don't speak for it. It is not even because of the weak actual bid side for DDE:ISE shares which permits to boost the derivative with as little as 2000-5000 $L. I also neglect the bullish outlook Del - the CEO of DDE:ISE - gave us for DDE. I planned to couple the MINI long future with a short product and I'm almost sure that this would bring important bids in ...help to increase the trade.
Unfortunately it is not possible to prove this theory as it would exceed my time I can put on my SL "activities" as it takes quite a bit of time to manage one MINI future not speaking of more of them.
In other words. I think I have to be realistic and stop this experiment for the time being till further notice. The day has 24h and for some there is still the night...lol...I have to confess that I underestimated the work load. One product is fine but makes no sense in the environment we have and two of those are far too much for me. Furthermore I'm more taken in RL right now which also is a strong argument against...
It is good to know that people exist who are interested in such products. I surely will not give up the idea..I already have ideas for other products. Products with less sexappeal but where my managment input is also much reasonable.
All existing shareholders of LMLFDDE will get remboursed...I will ask ISE what is the best to do so.
I hope you understand.
I'm at your disposal for further questions.
Greetz
Casper Trebuchet
This would be a nice business for LEM- 60'000 $L profit in such a short time, but you understand that I see that differently.
Everything is ready for the derivative, the new conditions are set, the terms too but the circumstances don't speak for it. It is not even because of the weak actual bid side for DDE:ISE shares which permits to boost the derivative with as little as 2000-5000 $L. I also neglect the bullish outlook Del - the CEO of DDE:ISE - gave us for DDE. I planned to couple the MINI long future with a short product and I'm almost sure that this would bring important bids in ...help to increase the trade.
Unfortunately it is not possible to prove this theory as it would exceed my time I can put on my SL "activities" as it takes quite a bit of time to manage one MINI future not speaking of more of them.
In other words. I think I have to be realistic and stop this experiment for the time being till further notice. The day has 24h and for some there is still the night...lol...I have to confess that I underestimated the work load. One product is fine but makes no sense in the environment we have and two of those are far too much for me. Furthermore I'm more taken in RL right now which also is a strong argument against...
It is good to know that people exist who are interested in such products. I surely will not give up the idea..I already have ideas for other products. Products with less sexappeal but where my managment input is also much reasonable.
All existing shareholders of LMLFDDE will get remboursed...I will ask ISE what is the best to do so.
I hope you understand.
I'm at your disposal for further questions.
Greetz
Casper Trebuchet
Monday, January 12, 2009
LMLFDDE passed the IPO!
We have asked ISE to stop the IPO yesterday till the financial from DDE have been published. Unfortunately that didn't happen and the IPO got already fully through, even as we have warned the potential certificate holders about the dangers that migth inflict.
It is understable in a way, as DDE published in the meantime very nice financial data which show a bright future for DDE. Excellent work DEL. A long mini future is therefore exactly the tool to have in order to maximise profits in DDE.
As we have warned before we will now rethink the product and set its conditons. This will happen asap. If our decision is to give the product free for trading we will ask ISE that the actual certificate holders of LMLFDDE can reserve their certificates they already bought if they want. LEM also bought a few which we will put on sell. If the decision is a no go then the certificate holders will get their funds back. Nothing will happen without the approval of actual certificate holders. We have the shareholder list and will contact those holders over the message system of ISE as some of you might have capped IM.
Please expect a reaction decison soon.
Greetz
Casper Trebuchet
It is understable in a way, as DDE published in the meantime very nice financial data which show a bright future for DDE. Excellent work DEL. A long mini future is therefore exactly the tool to have in order to maximise profits in DDE.
As we have warned before we will now rethink the product and set its conditons. This will happen asap. If our decision is to give the product free for trading we will ask ISE that the actual certificate holders of LMLFDDE can reserve their certificates they already bought if they want. LEM also bought a few which we will put on sell. If the decision is a no go then the certificate holders will get their funds back. Nothing will happen without the approval of actual certificate holders. We have the shareholder list and will contact those holders over the message system of ISE as some of you might have capped IM.
Please expect a reaction decison soon.
Greetz
Casper Trebuchet
Thursday, January 8, 2009
New IPO at ISE - Derivative - LMLFDDE
LEM just filed an IPO for a derivative. The first one of this category we created within SL. It is a so called MINI LONG FUTURE Certifcate on DDE shares. We thought, after some reflections, that this type of derivative is best situated to fit the special circumstances we have in our virutal world.
We think the moment is good chosen. DDE is a company with reputation within SL. Furthermore, Delicious Demar is owing us an update about her company. So lets bet, will it be postive or not?
If it is the LMLFDDE are the product for you. YOu can particpate at the increase of the share prices with a fraction of the cost of real shares but with leverage factor and this open end...:-). And if not, well, you lose.
But to speak more frankly. LMLFDDE is not a product where you should put all your carved stones. It is an investment product to diverse your protfolio and reserve high returns.
We cannot wait to see your reactions.. The board of ISE accepted our IPO and put it on vote. The voting will stay open till Saturday, 1/10/09 at 9am SLT time. LEM wouldn't mind if your vote is YES!
Click here to vote on ISE
If it would be a success a similar MINI SHORT Furture on the same title will follow.
LEM believes that such products have a great future at virtual stock exchanges as they have in RL.
Greetz
Casper Trebuchet
We think the moment is good chosen. DDE is a company with reputation within SL. Furthermore, Delicious Demar is owing us an update about her company. So lets bet, will it be postive or not?
If it is the LMLFDDE are the product for you. YOu can particpate at the increase of the share prices with a fraction of the cost of real shares but with leverage factor and this open end...:-). And if not, well, you lose.
But to speak more frankly. LMLFDDE is not a product where you should put all your carved stones. It is an investment product to diverse your protfolio and reserve high returns.
We cannot wait to see your reactions.. The board of ISE accepted our IPO and put it on vote. The voting will stay open till Saturday, 1/10/09 at 9am SLT time. LEM wouldn't mind if your vote is YES!
Click here to vote on ISE
If it would be a success a similar MINI SHORT Furture on the same title will follow.
LEM believes that such products have a great future at virtual stock exchanges as they have in RL.
Greetz
Casper Trebuchet
Monday, January 5, 2009
LEM on the move?
LEM could recover some of its former investments at WSE as RDX listed its company at ISE. 195’000 shares could be added to its portfolio. LEM is also positive about the outcome related to the investment instruments of Lindsay Druart. There is a chance that another important position could be regained.
Our WSE experience comes slowly to an end. Since LEM got delisted at WSE through fraudulent practices of its owner – Luke Connell – we could consequently recover different important positions. All of those former WSE-companies newly listed at ISE – the most reliable stock exchange in SL - helped to recover our assets.
Till now assets in CAR, DDE, SIM and in RDX could be reactivated which substantially increased the NAV of LEM from 1 (IPO price) to 1.5 $L/share.
We still expect some funds to arrive from Lindsay Druart and her investment vehicules. She just created a group where creditors can sign in. Theoretically we still had 100’000 $L in there when she closed her company.
In any case I’m impressed by this business ethics I can experience in Secondlife. We have a completely unregulated world in SL if we neglect the strong and somehow unpredictable hand of big brother LindenLab. However, it shows to me that business ethics is stronger in SL as anything we can observe right now in the regulated RL...quite amazing but quite true if we look what happened in the financial world. The credo could almost be - come to SL to learn proper business ethics...lol
I’m quite pleased that we apparently still live in one of the best worlds in SL. I have to express my entire satisfaction about the way the CEO’s of those companies handled those cases. It gives me back some of the confidence in people which I had lost a bit during 2008. I think this is not a bad start for 2009…lol…thank you very much sisters and brothers..
Speaking about LEM I’m still struggling a bit what to do. Listing LEM at ISE was mainly to develop derivatives what I don’t do right now. On the other hand I see me playing with the currency exchanges and being invested in companies what never really was my intention. So let us keep the main goal in mind and beside of that do what the circumstances force us to do...right now...we will see...
Greetz
Casper trebuchet
Our WSE experience comes slowly to an end. Since LEM got delisted at WSE through fraudulent practices of its owner – Luke Connell – we could consequently recover different important positions. All of those former WSE-companies newly listed at ISE – the most reliable stock exchange in SL - helped to recover our assets.
Till now assets in CAR, DDE, SIM and in RDX could be reactivated which substantially increased the NAV of LEM from 1 (IPO price) to 1.5 $L/share.
We still expect some funds to arrive from Lindsay Druart and her investment vehicules. She just created a group where creditors can sign in. Theoretically we still had 100’000 $L in there when she closed her company.
In any case I’m impressed by this business ethics I can experience in Secondlife. We have a completely unregulated world in SL if we neglect the strong and somehow unpredictable hand of big brother LindenLab. However, it shows to me that business ethics is stronger in SL as anything we can observe right now in the regulated RL...quite amazing but quite true if we look what happened in the financial world. The credo could almost be - come to SL to learn proper business ethics...lol
I’m quite pleased that we apparently still live in one of the best worlds in SL. I have to express my entire satisfaction about the way the CEO’s of those companies handled those cases. It gives me back some of the confidence in people which I had lost a bit during 2008. I think this is not a bad start for 2009…lol…thank you very much sisters and brothers..
Speaking about LEM I’m still struggling a bit what to do. Listing LEM at ISE was mainly to develop derivatives what I don’t do right now. On the other hand I see me playing with the currency exchanges and being invested in companies what never really was my intention. So let us keep the main goal in mind and beside of that do what the circumstances force us to do...right now...we will see...
Greetz
Casper trebuchet
Friday, January 2, 2009
Financial report DEC09
LEM realized a net profit of 30'499 $L during DEC which allows us to pay a dividend of 0.015 $L/share. Our NAV slight increased to 1.36 $L/share
The dividend was paid just before we published this report.
Our financials are given below
LEM
The increase of our NAV was mainly driven by the listing of the DDE shares. Also DDE is trading below its former IPO values at WSE it is now a subtantial asset in our portfolio.
Our cash position is still growing. We still see this as temporarily status we would like to change in 2009. Investigations into new business ideas are ongoing.
Happy New Year 2009 to all of you.
Greetz
Casper Trebuchet
LEMInvest
The dividend was paid just before we published this report.
Our financials are given below
LEM
The increase of our NAV was mainly driven by the listing of the DDE shares. Also DDE is trading below its former IPO values at WSE it is now a subtantial asset in our portfolio.
Our cash position is still growing. We still see this as temporarily status we would like to change in 2009. Investigations into new business ideas are ongoing.
Happy New Year 2009 to all of you.
Greetz
Casper Trebuchet
LEMInvest
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