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
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