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

Financial report for LEM:CAPX: 3Q2012

LEM ended the third quarter 2012 with a net profit of 1’292’755 (321'937) $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 (0.98) $L/share. Dividend will be distributed on 5th October 2012.

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

Shareholder’s equity: 1’410’000 (1'976'474) $L (with new evaluation method of 10% of market price)
Net Profit: 1’292’755 (321'937) $L
Dividend: 120’000 (90’000+30’000) $L
2’000’000 shares, nominative value: 0.5 $L/share
NAV: 0.70 (0.98 $L

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

There are two major events to reckon during the third quarter of 2012. First we had received not only an extraordinary consultancy revenue of 215’000 $L but even an ultra extra consultancy revenue of 1’000’000 $L. We have communicated this already before. Secondly, we changed the evaluation method of our assets as announced before. To be more precise with some adjustments.

Assets evaluation:
• Cash: 100% of equivalent in $L
• Portfolio: 10% of the latest market value
• Real estate in SL: 50% of what is market evaluation
• Scripts/objects in SL: 20% of sell price
• Goodwill in SL: No value unless prove is given

We know that the question about how assets should be evaluated is a dynamic process and a never ending story… but we think it is worth to have a more realistic approach to such.

As said before, the ultra extra consultancy revenue of 1 mio. $L is kept as cash reserve at Paypal in case SL and all related market platforms would go down the well. Some might complain now and tell us, you should distribute this amount as dividend. That might be correct in the short term but we think more long term, sorry bros and sis… ;-) .. In fact you could interpret this cash reserve as a kind of currency/value standard we set for LEM. If things would turn worse, our listed shareholders, properly identified by our ATM system, will have a share in this case position pro rata with how many shares they hold in LEM. If LEM would liquidate that would mean 1 mio $L plus what we can produce from our portfolio would be at the shareholder’s disposal. The only problem we still have, is to make this process more legal and put it in a related frame. Inputs from you are always welcome here.

On the other hand we reckon a problem as this cash reserve will also create some revenue. We are not aiming to take this revenue into SL. The question is how to make sure that our shareholder might profit. One idea is that we create a not listed sister company which is taking care of this reserve and all LEM shareholders are automatically shareholders in this one as well, with the same percentage. As this is not yet thought through we are open for your input here as well!

That also should remind you to register over our ATM system if you haven’t yet. It is only in your interest and we only can accept avatars which went through this procedure, I hope you understand. It only requests 10 sec of your valuable time. Some with old version viewers cannot use the text option in the menu which appears if they touch the ATM, so please update your viewer. For all the thick heads which refuse to visit our HQ, I have good news, as it might be possible that I can manually alter the e-mail if you request such from me. However, I don’t like such as you can imagine. The idea is that each avatar comes with his personal UUID and is then properly assigned. If we do it ourselves, we might manipulate the system and that is quite a bad idea. We can discuss about exceptions of course.

For all the rest it is things as normal and we hope that SL will develop nicely.

Btw, we are working on modifying our ATM again. That shouldn’t harm you or have any further consequences. It just helps us to use it more straight forward and easier. I would like to thank Glaznah for his support in this Bot/ATM business, also I still don’t know who Dr. Wallace is (an insider joke), I think he really does a great job with those robots and related matters.

Dividend will be distributed on 5th October 2012.

Thank you again for your confidence….If you have further questions, don’t hesitate to contact us.

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

Greetz

Casper Trebuchet
LEM, chairman

http://lemurinvest.blogspot.com

ATM- for LEM shareholders

Dear Shareholders,

as we have outlined before we have now our own ATM-system successfully installed in Secondlife.

It takes on request of us a realtime extract of the LEM-shareholder list from CAPX, together with the corresponding UUID-keys. What you then have to do is to go to our office in Secondlife and touch the ATM.

A menu will appear where you have to press the option e-mail and type in manually your e-mail address which is associated to your avatar. If you have none you can easily create one over gmail or similar.

All the information (LEM-shareholder list, avatar name, avatar email) is then stored outside Secondlife on an external server. In case Secondlife and CAPX would go down the well, this information would still be availbale. More importnat for you is the link of the database to our external security cash reserve we keep on Paypal.

This security reserve is in train to be built up and shall finally equal the nominative equity captial of LEM (1 mio $L). This should happen over the next 3-6 months. In case of liquidation shareholders would then have access to a liquidation dividend which is composed of the nominative equity captial + proceeds of LEM assets.

The system isn't perfect yet. The best would be to have full RL transparency when it comes to ownership...lol... but still it is a first step in that direction, also we are the only virtual company right now doing such things.

Anyway, to stimulate your interest a bit we do what we call an ATM competition. Among those who have signed up and left their e-mail address till 30th September 2012 at 3am SLT, we will pull at random a winner. That lucky avatar will get 1000 $L as a price. His name will be published  at our blog and in our forum at CAPX.

ok, then, happy siging in and also trading of course

Greetz
Casper Trebuchet
LEM, chairman

PS: ATM-system is powered by SmartBots

Results of the the poll about future evaluation of assets and security of shareholder equity

The poll in which we asked you to vote whether LEM should implement a new approach for the evaluation of virtual assets and the security of sharehodler equity ended recently. 60% voted yes, among them our major shareholders. As a result we will bring this new evaluation in place and take measures to protect the shareholder equity in case of failure.

Only 10 persons participated in the vote what I think is an amazingly low ratio compared to the 70 shareholders we count. We could have expected a better participation. Does this means that a bigger part of the shareholder's community simply doesn't care about virtual company evaluation or protection of the shareholder equity? We cannot answer this question. For us the evaluation of the assets of LEM and the protection of the shareholder equity has a mere ethical dimension. It makes a difference for us whether you tell a potential investor, "you have to consider that if you give us money all can be lost" or we say, "you trust us money, so we take measures to protect the shareholder equity as best as we can and take a moral commitment if things would go wrong".

Such is exactly as we will proceed. In the future and the first time for the financial report of 2Q2012 we will proceed as follows:

Liquidation reserve

The most important measure is the protection of shareholder capital. We studied different possibilities. To keep things easy we will build up a cash position at PayPal till it reaches the nominative capital of LEM. As we have 2 mio shares with a nominative value of 0.5 $L per share that gives an equity captial of 1 mio $L. We hope to build up this liquidation reserve within the next two quarters. It looks as we won't have a bad next quarter which permits us to work straight forward in this direction. The liquidation reserve will find a seperate entry in our financial report, the first time for the 2Q2012.

In case of a liquidation that liquidation reserve would entirely be at disposal of the shareholders. You have to add to this the other assets like shares, participation, intangible assets etc which would be sold and would also contribute to the liquidation dividend.

You can criticize that a liquidation reserve is also not safe at Paypal and out of control of the ordinary shareholder. However, we think it makes an ethical difference whether we put the liquidation reserve in our financial report and show a commitment to it, or we just let the shareholders bear all the risks - "we have told you before that you might lose everything"... lol. Also, and this is an important point, the liquidation reserve will be outside CAPX and SL. RL is still a more stable environment then SL....

Portfolio evaluation

1. SL goods: 25% of the sale price in SL
2. Real estate in SL is estimated with 50% of current evaluations in world. Right now ca,. 125'000 $L per SIM.
3. Cash: 90% of the value in $L
4. Shares at virtual stock exchanges: 10% of market price
5. RL equipment: No value as not addressable in a liquidation
6. Intangible assets & goodwill: No value if no prove can be given

To summarize, LEM will become more cautious and restrictive towards company evaluations, and is trying to give more security to the shareholder capital what we think is an important step for happy trading in SL. There are simply too many rascals with greedy eyes crossing your way in virtual financial markets.... lol .. Lemurians included

The profitability of LEM might be harmed a bit by these measures, but on the benefit of more security. And be assured that we are not planning to liquidate LEM ...

Again, happy trading

Greetz
Casper Trebuchet
LEM, chairman

Evaluation of assets - a new approach to more security for the shareholder?

As virtual markets are quite unreliable LEM decided to adjust the way it evaluates its assets. A more cash oriented approach should give more stability without influencing future earnings in a negative way. Furthermore we try to preserve more security for our shareholder.

We all know the problem, and if not, just follow the latest developments at CAPX about RDX and RVI. Those two companies came into problems and in both cases the main question which came up is - how many assets will remain for the shareholders if a liquidation would follow.

In the case of RDX we talk about real estate which vanished over night... and in RVI plenty of goodwill and "pixeled material" which suddenly couldn't be found any more ...

How do you evaluate the value of a share in your portfolio for such companies? Either you are a very faithful person or you see things in a dimmer light... ;-).

To make the story short, we would like to apply for LEM the following new scheme to make our assets trustworthier for our shareholders, me included...lol:

1. Shares of listed titles in our portfolio are valued with max. 20% of the underlying purchase prices (before it was purchase prices), unless rule 2) or a similar guarantee is existing.
2. We expect from the companies in which we invest to have a locked cash position which equals 50% of the nominative captial of all outstanding shares. In the case of LEM that means 2'000'000 shares with a nominative value of 0.5 $L = 1'000'000 CHF, the cash position would be 500'000 $L.
3. Goodwill will not be considered to be an asset as long as no independent evaluation exist or an agreement which clarifies the conditions.

 To explain:

1. 20% permits to simulate the actual situation of liquidity at CAPX. if we have to sell the shares in a title, that value comes close to what we will probably get.
2. Those 500'000 $L in our example for LEM will stay at CAPX as a locked amount. We will not touch that money. As a consequence we will not have a return on this money, however, it will be conterbalanced with more security for the shareholders of LEM. You can ask CAPX at any time whether the money is still there. Unfortunately the CAPX system doesn't offer such a locking option in the actual system, but we will ask CAPX to freeze this sum manually. It will take 3-4 months to build this sum up for us. In our title selection we will favor companies which fulfill or come close to this rule, also we know that such will be difficult to apply.
3. As long as no real evaluation is possible, we see more risks in Goodwill creation for the shareholders as advantages. In cases where an evaluation is possible (agreements) an exception can be made.

LEM thinks that as in RL, the owner has to show at least some basic commitment to his company. The idea behind is in fact that we have a 50:50 risk sharing between owner and shareholders. We think that such is rather fair. Hypothetic assets cannot replace a "real" cash position. We will generate a little bit less profit but with the advantage of gaining more security.

So, dear shareholders, please vote in the Poll to the right side --- let's try to make virtual stock exchanges slightly safer places ...;-)

If you have questions then don't hesitate to ask me.

Happy trading, greetz
Casper Trebuchet

LEM, chairman

Financial report for LEM:CAPX: 2Q2012

LEM ended the second quarter 2012 with a net profit of 321'937 $L (149'760) . The overall value of our portfolio (NAV),evaluated at purchase prices, increased to 0.98 (0.64) $L/share. Dividend will be distributed on 3rd July 2012.

The detailed financial report is given here.

Shareholder’s equity: 1'976'474 (1'153'000) $L
Net Profit: 321'937 (149'760) $L
Dividend: 90'000 (50’000) $L + extra dividend 30'000 $L (0 $L)
2’000’000 shares, nominative value: 0.5 $L
NAV: 0.98 (0.64) $L
----------------------- Figures in ( ) of last month

LEM continued to build up its portfolio and but an emphasis on risk management. We started to limit our participation in EVO where no news are available. Also we still believe in the potential that this company might have. However, the way the company is communicating doesn't match to our standard Lemurian rules. We will follow their development during the last quarter and then take a decision. During the 2Q2012 EVO generated for us a loss of 17'000 $L which had an impact on our profit.

The SPO which we concluded successfully during the last quarter allowed us to invest in some interesting new projects, among them BOOT but also EARN. We hope that those investments will be benefically for LEM in the future. On the other hand we slightly reduced our participation in ADV. As long as the reason for the PSO to Anshe Chun over 2 mio shares is not clear and the deal which was made or will be made, or even a statement of Anshe herself exist about this investment, we will stay on the side line.

Our revenues experienced again an increase through the second quarter of 2012. However such was again related to extraordinary consultancy work in the field of business strategy management which continued an unexpected manner. We cannot guarantee that such will continue also we are looking actively for alternatives. To express the extraordinary character of those revenus we decided to distribute not only a dividend but an additional bonus of 30'000 $L. In other words a total dividend of 120'000 $L will be distributed for the 2Q12.

At the moment we don't see new investment we could do at CAPX and we are already exposed quite massivley in different positions. The next quarter will see us be more cautious, secure certain positions and continue to build up a safe cash position. Not used captial will be distributed as dividends. As a consequence you probably will see our pay out ratio for dividends increase during the next quarter. As long as no other investment opportunities would come up. 

Again we hope to see this consultancy business growing but if we say extraordinary revenu we mean extraordinary revenu … and yes, we are still dreaming of creating derivatives at CAPX... what last long... may be somebody can complete here...lol ...

Dividend will be distributed on 3nd July 2012.

Thank you again for your confidence….If you have further questions, don’t hesitate to contact us.

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

Greetz
Casper Trebuchet
http://lemurinvest.blogspot.com

Financial report 2Q2012 - forecast

Our financial report (LEM:CAPX) for 2Q2012 will appear on June 30, 2012. Dividends will be distributed on July 3, 2012

The 2Q was a bit out of the norm because of the SPO we finalized successfully. This had a direct influence on our reporting with all the interim financal reports we have published. The SPO affected the treasury as we paid back our liabilities to third parties. However, things should come back to normal again for the 3Q.

The forecasts in our financial report seem to be realistic.Assuming that no unexpected extra revenu would occur till end of June.

Dividends should also correspond to what is given in the link, assuming that no interesting new investment challenges would be brought to CAPX which could motivate us to alter the pay out ratio, so that more cash would be at disposal for investments.

Greetz
Casper Trebuchet
LEM, Chairman

New Office

Hello shareholders,

we have just moved our offices as you might have noticed.

HQ-LEM-Invest

The location is more convenient for us because of different reasons. The most important is that it has a track for bikes just starting next door. Whenever I get bored at CAPX I just can hop on my chopper and go for a ride.

Lately that happened more often, as we slowly come into an investment problem. It has to do with the market size of SL-economy and how it develops. I might be wrong, but I see a kind of stagnation since a longer time and such would be bad news.

If the economy within SL is not developing that means that companies can only grow on the back of their competitors. As an investment company - as we preted to be one - it means to become more cautious, build up cash positions and wait on the sideline till a clearer tendency can be seen. Or that new interesting IPO's would happen at CAPX which open new market segements in the virtual worlds.

If we no longer would accumulate cash that would probably result in a higher pay out ratio for our dividends. It is too early to say, and it will be a matter of future strategic decisions we take.

But let's come back to our new office. We have invested into a private bot from Smartbots . She is called Theokleia and is my assistent. As you can see in the pic she still needs some refinements... ;-)... but I'm not good in such things. I realized that it is quite a challenge for me to do so, selecting body shape, skin, hair, shoes, and all that little screws which you have to turn to make her look like as you want. And you know what, I realized that the perfect woman doesn't exist... lol ... either you love them as they are or you don't ... it's quite interesting ...

So please don't make fun of her, as she really can answer IM's in world in quite an intelligent matter. We also plan to use her as group inviter for new shareholders in LEM for our company group in SL "Lemur Invest (LEM)" but that still need some time because of technical reasons. If you have suggestions how to change her apperance then please tell me, I have open ears for such. She is protecting the ground floor of our new HQ, you will find her there when you enter.

During July we will try to invest some time to fully equip the office and expose our products, investments and projects we have. If you are curious then have a look. An open house will then follow as soon as things are realized.

Happy trading and greetz

Casper Trebuchet

LEM:CAPX ... SPO succeeded

LEM:CAPX has sold out its Second Public Offering (SPO) on 20th May 2012. Totally 500'000 new shares were created with a nominative value of 0.5 $L per share. The SPO filled our cash pockets with net 550'000 $L which will be used to pay back our liabilities (380'000 $L) we have towards third parties.

 The remaining amount will be used to strenghten our cash position and increase our strategic flexibility in regard of new interesting investment opportunities. 

Our financial report for the second quarter will appear on the 30th June 2012 and dividends will then be paid on the 2nd July 2011.

Happy trading and greetz

Casper Trebuchet

Chairman, LEM

LEM:CAPX - Second Public Offering

Dear all,

LEM is persuaded that there exist quite a few investment possibilities
right now at CAPX. However, our actual liquidity doesn’t allow us to
participate as we would like. To compensate this obstacle we pushed
the short loans we have with third parties up to 380’000 $L. Such
permitted us to buy into the IPO of BOOT, an investment we think has
some potential.

Short term loans are a good thing and help to bridge specific
situation in a company. On the other hand we don’t like to overstretch
those possibilities as they bear some financial risks.

There are two ways to see this, either wait 3 to 6 months till we have
generated enough profits to pay back the loans or trying to refinance
those loans with other matters.

We thought long about a solution. Recent reactions of avatars let us
believe that loans are not fully understood and is somehow
complicating the transparency of our financial report. Such should be
avoided.

LEM Lemur Investments

Status: Primary - Being considered by primary review staff

Stock Symbol
LEM

Company Name
Lemur Investments

Total Shares To Create
500000

Shares To SPO
500000

IPO Price
1.15

The other possibility is doing a limited SPO at CAPX. If I say limited
so I mean 500'000 shares. The advantage for us would be to be able to
fully pay back the loans and have again a certain cash position at
disposal what is making our liquidity much better as it is right now.
We are always looking to have a cash position of at least 10% of the
value of our assets as we are looking to have strategic partnerships
with other companies in a continuous way.

To explain to you the actual financial situation of LEM we have estimated our  figures for the second quarter 2012 

As you can see LEM has assets of about 1.6 mio, valued at purchase
prices. The market value of the portfolio is right now at 2.3 mio
$L, but you should better stick to the values given in our report. LEM
will generate a monthly net revenu of appr. 300'000 $L but which is exceptional,
because of an unexpected consultancy revenue. If those figures
could be reached a dividend of 100’000 $L would be justified.

However, we have to be more cautious for our assumptions in the future
as those consultancy revenues cannot be taken as granted. It makes
sense to exclude them of future expectations. In doing so we can
estimate that LEM will generate revenues of 40’000 $L per month. That
means 120'000 $L revenue per quarter. 40'000 $L would be used to cover
our expenses, depreciation of the portfolio and for to be reinvested.
80'000 $L would be paid out as dividend.

We set the SPO price at 1.15 $L what we think is a fair price. In other
words 500’000 shares with a nominative value of 0.5 $L would be
created. The equity capital for LEM would rise to 1 mio $L and 2 mio
shares would be outstanding.

80’000 $L dividends per quarter is 320’000 $L per annum. In
counterbalance investors participate at a portfolio of 1.55 mio $L
assets estimated with purchase prices and an expected annual dividend
of roughly 0.16 $L per share.

You have to consider that of the 575’000 $L generated by the SPO, only
380’000 $L will be used to pay back the loans. The rest will serve as
cash reserve as indicated or be invested into new ventures. LEM hopes
that such will also create an additional return.

It would be pleasure for us to welcome you as investor in LEM dear
reader and join us in our journey through the black waters of the
virtual market in secondlife...

And before I forget, shares can be bought at 

http://slcapex.com/ipo

Greetz and happy trading

Casper Trebuchet

http://lemurinvest.blogspot.com

Quarter financial report for 1Q2012

LEM ended the first quarter 2012 with a net profit of 149'760 (139'602 $L). The overall value of our portfolio (NAV),evaluated at purchase prices, increased to 0.64 (0.57) $L/share. Dividend will be distributed on 2nd April 2012.

The detailed financial report is given here.

Shareholder’s equity: 1'153'000 (1'066’000) $L
Net Profit: 149'760 (139'602 $L)
Dividend: 50’000 (41'654) $L
1’500’000 shares, nominative value: 0.5 $L
NAV: 0.64 (0.57) $L 
----------------------- Figures in ( ) of last month

LEM continued to build up its portfolio. Diversification reached a level we no longer feel comfortable with-We have some “bad” eggs in out portfolio which are somehow limiting our forecasts. To mention is ABS which will most likely fail. An important position we also are holding in EVO where no information is available at the moment. We counter balance such development with the depreciation we apply on our portfolio. Also such manner is surely not the standard procedure we would like to follow.

We continued to increase our cash position during the last month. As said before, we are open to study upcoming projects of third parties and evaluate whether and how we could support those and bring them to success.

Our revenues experienced again an increase through the first quarter of 2012. However such was again related to extraordinary consultancy work in the field of business strategy management which continued an unexpected manner. We cannot guarantee that such will continue also we are looking actively for alternatives. That extra income was mainly used to reduce the loan of Casper Trebuchet.

Again we hope to see this consultancy business growing but if we say extraordinary revenu we mean extraordinary revenu … and yes, we are still dreaming of creating derivatives at CAPX... what last long... may be somebody can complete here...lol

Dividend will be distributed on 2nd April 2012.

Thank you again for your confidence….If you have further questions, don’t hesitate to contact us.

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

Greetz
Casper Trebuchet
http://lemurinvest.blogspot.com 

Financial report 1Q2012 - forecast

Our financial report (LEM:CAPX) for 1Q2012 will appear on March 31, 2011. Dividends will be distributed on April 3, 2012.

To keep you update, we have business as usual. It is too early to speak about dividends. However, looking back on January and February we possibly will not be in denial if we say upcoming dividends should be in line what was paid during Nov-Dec-2011.

Greetz
Casper Trebuchet
LEM, Chairman
http://lemurinvest.blogspot.com

Quartely financial report for LEM:CAPX: 4Q2011

LEM decided to change its frequency of financial reporting. In accordance with the TOS of CAPX we will publish only quarterly financial reports in the future. The first such report for 4Q11 is given in

https://docs.google.com/spreadsheet/ccc?key=0AmsUoA28lTawdHFZekc2X3pneXhqM1R5V3VJUDRaSGc&hl=en_GB&pli=1#gid=8

Those reports will cover the same information as before, however, be more detailed. Such will not hinder us to report about important events which might influence the share price of LEM in between when we have to.

The advantage for us is in less administrative work which can be used in a more meaningful way and for the user probably in a better readability.

Dividends will be distributed at the end of each quarter only and always a couple of days after the financial report has been published. That doesn’t hinder us to distribute intermediary dividends when we have to.

For the records, the next financial report for 1Q12 will be published on 28^th March 2012.

If you have questions then please don’t hesitate to contact us.

Greetz

Casper Trebuchet

LEM Invest Corp, Chairman

http://www.lemurinvest.blogspot.com

Financial report LEM:CAPX, December 2011

LEM ended December 2011 with a net profit of 69’360 (33'700 $L). The overall value of our portfolio (NAV),evaluated at purchase prices, remained stable at 0.57 $L/share. Dividend will be distributed on 2nd January 2012.

The detailed financial report is given here.

Shareholder’s equity: 1'066'000 (1068’515) $L
Net Profit: 69’360 (33'700) $L
Dividend: 17’340 (12'906) $L
1’500’000 shares, nominative value: 0.5 $L
NAV: 0.57 (0.55) $L
----------------------- Figures in ( ) of last month

LEM continued to build up its portfolio. Diversification reached a level we feel comfortable with and what is in line with our business model.

We continued to increase our cash position during the last month. As said before, we are open to study upcoming projects of third parties and evaluate whether and how we could support those and bring them to success.

Our revenues experienced a remarkable increase through December. However such was related to extraordinary consultancy work in the field of business strategy management which came to an end last month. That extra income was mainly used to reduce the loan of Casper Trebuchet. We hope to see this consultancy business growing but if we say extraordinary revenu we mean extraordinary revenu … as coincidence we realized it over December and thus can be considered as a Christmas gift....


Dividend will be distributed on 2nd January 2012.

Thank you again for your confidence….If you have further questions, don’t hesitate to contact us.

Happy, healthy, successful and pleasant New Year to all of you and happy trading at CAPX....

Greetz
Casper Trebuchet
http://lemurinvest.blogspot.com

Pre-announcement: Financial report for December 2011

Our financial report (LEM:CAPX) for December 2011 will already appear on December 26, 2011. Dividends will be distributed on January 2, 2012. The reason is the upcoming holiday period...

We wish you already Merry Christmas ... our mascot Lemmy already slipped in the Saint Nicholas outfit ... will he create nightmares as in Roman mythology or just try to be a jolly good fellow ....

http://www.youtube.com/watch?v=SfHWs0SAJaI&feature=related

If you have wishes you still can send them to him

lemmy0001@gmail.com

but please, he is a most cincere creature...

Greetz
Casper Trebuchet
LEM, Chairman
http://lemurinvest.blogspot.com

BOD changes

As one of the members is no longer active in SL we had to change the composition of our board of directors (BOD).

We are happy to welcome our most important shareholder - LeaPatrizia Zemach aka DMWA Reanimator- in the BOD of LEM with immediate effect.

It will be a pleasure to work together with you Lea and we are looking forward to future successful development of this company.

For the BOD
Casper Trebuchet, chairman

Financial report: November 2011

LEM ended November 2011 with a net profit of 33'700 $L. The overall value of our portfolio (NAV),evaluated at purchase prices, remained stable at 0.55 $L/share. However, please keep in mind that LEM changed its assets evaluating system. The titles in the portfolio are evaluated by purchase prices instead of market prices. Dividend will be distributed on 1st December 2011.




The detailed financial report is given here.

Shareholder’s equity: 1'068'515 (827'582) $L
Net Profit: 33'700 (33'842) $L
Dividend: 12’096 (12'209) $L
1’500’000 shares, nominative value: 0.5 $L
NAV: 0.55 (0.53) $L

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

LEM continued to build up and diverse its portfolio. The most important investment for us was in BOTS where we bought a major participation. We believe that BOTS has a lot of development potential with different new products which still are in the pipeline.

We increased our cash position during the last month and will continue to do so unless we see other investment projects which we consider worth investing. We are always open to study upcoming projects and evaluate whether and how we could support those.

Our plans to develop derivatives have been put on ice. It looks as the whole CAPX market is resizing on a lower level and with lower liquidity. Some turmoil – I call it “drama” – caused some bigger investors to leave or they got banned as they violated the TOS of CAPX. Sometimes that reminds me to the dark times of the middle ages when both pontifex maximus from the orthodox and the catholic church knew nothing better than to excommunicate each other …lol… but we are all optimists and that is why I have put a picture of Voltaire in this article. I never understood why the government of the USA has put his famous book - Candide - on the banned book list. But ok, topic change…

We are confident hat CAPX will regain growth on a more stable basis. However, we don’t consider the situation as fructive enough to come up with derivative products. That situation may change in the future therefore we follow closely what is ongoing so that we can modify our strategy accordingly when we have to.

As we have financed the BOTS participation over a “private” shareholder loan it will be first priority to pay it back as fast as possible. We will not use a SPO to do so.
Dividend will be distributed on 1st December 2011.

Thank you again for your confidence….If you have further questions, don’t hesitate to contact us.

Greetz
Cas
http://lemurinvest.blogspot.com