Saturday, February 23, 2013

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