Bye Bye LEM

Hello folks, as announced earlier we have closed this chapter for us at CAPX.

There are different reasons why he have done so. It starts with the fact that we couldn't realize our derivate products. We still believe that the specific environment here at the virtual stock exchange would be perfect to lance some products. It would bring some fun and innovation to the market and would also allow to pepp up trading activities. Anyhow, it wasn't possible and there are surely also reasons why it didn't happen but we don't want to comment about this..

The other problem I have is, that my RL really start to become a bit complicate and I have to focus on other things. As I'm daily hanging on the computer in one way or another, I always could handle my limited activities at CAPX somehow. However, the actual situation simply doesn't allow that I do that any longer. I cannot follow the forums anymore, keep up to be informed about the companies and related avatars and alter ego's, some of you have so many.... lol.... writing financial reports, communicate with shareholders, handle dramas etc. It takes too much time and energy from me, as I'm completely in other things right now in RL. If I no longer do all those things I will lose important information and will take bad decisions in the end, what makes little sense. This CAPX should be fun or hobby but surely not stress.

As I also, since I rejoined SL after a certain pause, hardly participated in social networking in SL, with some few exceptions, such also contributed to my decision. In being active at CAPX and running a virtual listed company you don't have to be active in SL of course, but it helps to do so.

In others words I have to go off of this for a while and take a pause. It's already the third time that I have a virtual company here in SL, first at WSE then at ISE and finally here at CAPX. If I compare with the former companies I had, I have to agree that this last experience at CAPX was the best. It easily can be showed, also if you look at our liquidation figures. It is rather amazing that assets of 4 mio $L could be liquidated for a decent value and that in even not one month. Such wasn't possible at other markets before. It shows that CAPX has found a good reasoning and level of achievement which is rather promising for the future.

In fact we started with an IPO value of 0.5 $L 18th months ago and now could liquidate the shares for 1.93 $L per shares. If we add the dividends which we have paid before, we are even at 2.69 $L (IPO value + acrued dividend + liquidation dvidend). Such is not a bad return and in fact rather amazing and not what I have expected before.

It was only possible to achieve such results with the contribution of everybody at CAPX, stock market and company owners, shareholders but also active avatars in SL.

So we - Lemmy and me, Thekla we have to leave behind us - are trying to go not beaten paths and risk to take a off time from SL for a certain time. But we will keep an eye on what is ongoing, we never know what comes next.... ;-)

Greetz
Casper Trebuchet
former president and CEO of LEM Invest

Financial report LEM: JaN-FEB 2013 (liquidation)

LEM ended the first two months of 2013 with a net profit of 156'000 (217’000) $L. The overall value of our portfolio (NAV),evaluated at last market prices is actually at 2.05 (0.70) $L/share. Dividend will be distributed on 1st March 2013.

Details are given under :
https://docs.google.com/spreadsheet/ccc?key=0AmsUoA28lTawdHFZekc2X3pneXhqM1R5V3VJUDRaSGc#gid=8

Shareholder’s equity: 4'188'000*) (1’410’000) $L (*) valued at market prices
Net Profit: 156'000 (217'000) $L
Dividend: 400'000 (150’000) $L
2’000’000 shares, nominative value: 0.5 $L/share
NAV: 2.05 (0.70) $L

----------------------- Figures in ( ) of last month

Liquidation progresses as scheduled. A first liquidation dividend of 400'000 $L will be distributed to the shareholders on 1st March 2013.

In order to liquidate LEM in the best of all ways, we will start to do auctions next week, so be prepared. All received funds as well as still inflowing other revenues minus some basic expenses (office) will be distributed as dividends (100%) till the company is fully liquidated.

I will place and maintain a purchase order for all those who already want to sell their LEM shares. Right now that price is set at 1.5 $L/share. It will be adjusted to the actual remaining value of LEM in a continuouse way.

Happy trading to all of you at CAPX....

Greetz

Casper Trebuchet
LEM, chairman

http://lemurinvest.blogspot.com

LEM - Liquidation

Dear shareholders,

some time passed since we listed here at SLCAPX (28th August 2011). A period we wouldn't like to miss, also we couldn't realize our original goals, when we did our IPO in 2011, in bringing innovative derivatives on the market here at CAPX.  The reasons are various, it starts on a lack of software support at CAPX but also a certain refusal among active investors what we understand. On the other hand some o f our investments we did developed rather amazing and resulted in remarkable profits. I just name BOTS and EARN or even GVC to name a few. If you look at the IPO price for LEM which was set at 0.5 $L per share and its actual value its a rather nice development.

Anyhow, RL is calling me and as I'm seldom in SL and then only for a short period to answer some weird IM, it got worse because of poor Thekla, my assistant Bot, I really will miss her. To look hot is not always an advantage here in SL.....lol...and also that I finally have found out who the hell is Dr. Wallace- that is a pandorabot insider joke- it makes less and less sense to continue to trade and follow things here at SLCAPX. I simply don't have the time and have to focus on other things.

In other words I decided to liquidate LEM. That will happen over the next 6 months, I gave myself a max period of six months in order to do things balanced as possible, also the earlier the better. In doing so I will sell the portfolio of LEM, either through auctions, direct sale or P2P. offers are always welcome. All realized profits will be distributed as dividends to the shareholders of LEM. A constantly adopted buy back order will make sure that shareholders can sell their shares they own directly to me. Right now a purchase order is set at 1.50 $L. So it is up to you to sell now or to wait till the furneal will arrive. ;-)... no screaming please..

I will not ask CAPX to stop trading in LEM, just to keep things in flow. Right now we have some 4 mio $L in assets and some 500k $L in cash. The latter will be distributed as first dividend soon.

Liquidation procedure:

01-MAR-13: Financial report for Jan-Feb 2013 (liquidation report)
02-MAR-13: Dividend payment
02-APR-13: Dividend payment
02-May-13: Dividend payment
02-JUN-13: Dividend payment
02-JUL-13: Dividend payment
02-AUG-13: Dividend payment
02-SEP-13: Dividend payment and official delistement (if not before)

I'm a bid sad about this as somehow, if we neglect certain dramas...lol... it was often fun to be listed as virtual company here, but RL comes first. I hope you understand that.

I hope that you will support me in this liquidation procedure which is not an easy one and wish you all the best and certainly a happy trading... I'm sure you can catch up some bargains out of my portfolio.

if you have questions then don't hesistate to contact me.

Greetz
Casper Trebuchet
CEO, LEM Invest
casper.trebuchet@gmail.com

Financial report for LEM:CAPX, 4Q2012

LEM ended the fourth quarter 2012 with a net profit of 217'000 (1’292’755) $L. The overall value of our portfolio (NAV),evaluated at our new evaluation method – which is 10% of market price- is actually at 0.70 (0.70) $L/share, unchanged since the 3rd quarter. Dividend was already distributed in December 2012.

Details are given under :
https://docs.google.com/spreadsheet/ccc?key=0AmsUoA28lTawdHFZekc2X3pneXhqM1R5V3VJUDRaSGc#gid=8

Shareholder’s equity: 1'400'000 (1’410’000) $L (with new evaluation method of 10% of market price)
Net Profit: 217'000 (1’292’755) $L
Dividend: 150’000 (120’000+30’000 bonus) $L, already distributed
2’000’000 shares, nominative value: 0.5 $L/share
NAV: 0.70 (0.70) $L

----------------------- Figures in ( ) of last month

The last quarter was rather average for us. On one hand our protfolio produced rather nice dividends, in fact as high as ever before and we also had some consultancy revenus as trading income. However, we also had to book a loss on BOTS of 150k which is related to a long story. It's because of a deal we had as we were looking  to bring a derivative on the market in which this title would have played a major role, that happened more than 1 year ago, but unfortunately such couldn't be realized. A potential profit for us turned therefore into a loss, so is life. Anyway and nevertheless, BOTS remains to be a key pillar in our portfolio as we strongly believe in the products and the way the company is managed.

So overall, we still came up with a profit of 217'000 $L what I think isn't a bad result. So let's touching wood that things will continue in 2013 the same way as they did till now. We will also try to diverse our portfolio as right now it is too centered on three titles, which are BOTS, EARNS and GVC. For such we are seeking for new business where we can apply our go-in and exit strategy. In the same time we keep an eye on ADS, BOOT and MRX which don't make us smile.. Titles in virtual markets are focused on dividends and not value, as the latter cannot be verified. Or you ask me to apply the same strategy, stopping to pay dividends as those are only for losers and start a nice self trading in own shares... it's worth a thought or also not, it's more a question of ethics I suppose...lol

However, if people think that they should buy LEM at 2.7 $L per share as it happens right now, then they are simply nuts. The added values of LEM are mainly contributed through consultancy services which are in most cases not directly connected to CAPX. They may come or they don't, you cannot table them. So if you as an investor want to be on the safe side, you do your maths better on the other revenues we have (dividends and trading income). If you consider such and then an average dividend of 90k $L per quarter is quite realistic, what makes roughly 0.015 $L/share per month. A share price of 1.38 $L is then much better adapted. We have placed a purchase order at 1.38 $L and will keep it up in the future.

So happy New Year to all of you and the confidence you have showed to us. If you have further questions then don't hesitate to contact us. You know that we always try to be attentive to your requests and questions as the cows by Dawson, our most liked cartoonist...

Happy trading to all of you at CAPX....

Greetz

Casper Trebuchet
LEM, chairman

http://lemurinvest.blogspot.com