Hello,
I have good news for you as it looks as the application of LEM was accepted by the Capital Exchange Regulatory Commission.
There is a chance that out IPO will start next Friday 26th August. Watch out as CAPX will inform about that in short time.
To make the things a bit easier LEM will publish its books for August just before the IPO starts.
Looking forward to having you as shareholders again!
Greetz
Cas
Saturday, August 20, 2011
Thursday, August 18, 2011
LEM - listing at the SLCAPEX?
Hello Folks,
After I had a rather active phase in SL during 2007 I have gradually fallen into sleeping mode. With good reasons I have to add as I made different experiences which weren't always the best. You can check my blog here if you want to know more.
The CAPX can look back on an amazing positive development since January 2011. We all have to thank Skip for that good and continuous work. It also brought back some of my confidence into virtual financial markets which I lost when I finally delisted LEM in 2009 at the ISE. In consequence I went private with LEM and have run it on a much lower activity level until this spring.
However, the positive changes at CAPX have encouraged me to give the whole thing a new thought. But more important we reckoned some projects which have development potential. The decision to come back was then rather quickly made... back he is the Casper and his Lemurian, Lemy ...lol... As a consequence I submitted an application for an IPO to the CAPX yesterday.
Well, my basic idea has not changed. LEM will remain what it was before. An investment company looking to contribute financially or in other form to promote and develop new businesses in SL. As we have a solid portfolio in SL and a regular consulting income from RL we think that is a good start to relance LEM on CAPX.
How can I introduce me personally? There are some avatars who know me already from the times when LEM was listed at WSE and later on at ISE .. I possibly wouldn't regret to see them again among LEM's future shareholders . ;-).. and for those who don't know me yet, check my blog and don't hesitate to ask questions. I combine four years experiences in virtual financial markets, if such has really a value, where I experienced the full set of possible encounters, situations, dramas but also good stories... lol.
The ambition of LEM is to follow its growth path as we already did at WSE and ISE with success and contribute to the development of those virtual markets in a sustainable way and most important -always trying to keep a good humor.
The company we would like to IPO at the CAPX has only modest captial needs. However, in the actual environment it has growth potential due to new innovative investment projects we have in the pipeline The already existing assets are a good base for a sustainable further development of the company.
Stay tuned if you want to know how things will proceed with our IPO. And yes, if you want to support our candidature, then just go ahead, we wouldn't complain...
Greetz
Cas
Thursday, February 24, 2011
ITA and PLK : A new challenge?
We have been in a longer holiday from SL and virtual stock exchanges and that for different reasons, as had been outlined on different occasions in this blog.
However, it looks as LL has survived...lol.. and even found back to some modest growth of its community if we believe recent statistical data. New life also was brought into the virtual stock exchanges as the three major ones merged into one -SLCAPEX .
The market size of Slcapex is interesting, and with almost 30 listed companies of some importance. We almost get remained on old times before the SL banking crisis had started in 2007. SLcapex also will offer a currency exchange which is an interesting option and create supplementary activities.
LEM has been a major shareholder in ITA since 2007 when the company was created. With the closer of VsTex the company moved to Slcapex stock exchange recently. ITA is a so called active holding. It holds some major participations, among them as key investment one in PLK, a company which is successfully active in fashion networking and this for different virtual worlds, like SL, but also Entropia and World of Warcraft. Additionally ITA offers marketing consultancy services to SL and RL companies.
As we know ITA quite well, we accepted to take a small active part in the society as member of the board of directors. That also means that LEM is keeping an important participation in ITA. For us the concept of ITA/PLK is very interesting as it is bridging RL with SL but without conflicting with actual RL regulation. We think that such projects have a lot of future development potential.
Right now we don’t have any further plans with LEM but we will invest some time to follow the development of LL.
The probability is therefore higher that you will meet us – and with us I mean myself...;-) – inworld from time to time…. I wouldn’t mind of course.
Greetz
Cas
Sunday, December 26, 2010
Happy New Year 2011
Yes, I'm still around...and it's damn cold here in Switzerland, that is why I use my tail to keep my warm..
I took some holidays from SL over the last 10 months but couldn't resist to have a glimpse into the new viewer and all other changes within SL which happened during 2010. I rejoined SL just a few weeks ago.
I reckon now that my friendship list shrank almost 90% as most of those avatars have left the game. The same for my favorite landmarks...it's incredible how fast things are changing here. Just my inventory is as chaotic as I had left it..
More worrying is that LL integrated Xstreet with its shop and now even their currency exchange. Personally, I always prefer variability and competition over putting everything into the same pot if I can. The fact that LL is now a direct competitor to all small businesses and only one currency exchange is existing, is somehow alarming to me. The monopolist against all other whackos. But I don't want to give evil eyes to LL, I'm not long enough in SL again to make a substantial judgement....
Real gambling is gone, banks are gone, betting is gone, virtual stock exchanges are gone (mostly), land business is apparently in constant change on the back of the land owners ...thats seems to me like quite a big loss of activities...it's almost a miracle that SL still can keep a serious amount of active avatars as the statistical data is showing.
LL has possibly found a way to keep an average number of active avatars which generate enough return to run the place from a financial point of view. They just have to make sure that the number of joining avatars is balanced with the one leaving the grid. However, I doubt that this is a prospective business model. Unless, well Brett Linden brought up some other thoughts, also to be considered of course.
SL will possibly move more and more into direction of a 3D social networking system with limited boundaries. Innovation and the free spirit which created so much activity and dramas in the beginning of SL will slowly die then ...something tells me that I will miss those dramas..;-)..I don't say that such development is a bad thing. It's surely an advantage if they seek to integrate more RL business. And there are quite a few companies and organisations in SL using it for education and information purposes. Anyway, I don't want to become philisophical towards the end of the year.
LEM retook some “business” activities which generate a small revenu. I take this is a constellation to spend some limited time inworld as I'm curious where all those policies of LL will lead to..There are even some RL projects which have a link to SL. So that is reason enough for me to stay. If that is of interest for you then just follow this blog and stay posted.
Happy New Year 2011 to all of you...and hopefully I see you again inworld some time.
Greetz
Cas
Thursday, December 24, 2009
Merry Xmas and a Happy New Year 2010
Hello everybody,
it's already a longer time period since we delisted the SL-company LEM at ISE. We don't regret this decision as things really don't seem to evolve.
As long as the interfaces are not legally defined between SL and RL the overall situation of SL economy will not change, especially as virtual currency can be exchanged against RL one and vica versa.
It's a pitty as I think there is potential in an environment like SL to simulate RL patterns and or test strategies or simply in adding a new dimension to RL economy. However, some basic rules must exist to avoid annoyance to be robbed to easily, either through real scammers or just because of naivity and ignorance or arogance.
I still haven't found a solution. However, I believe that the only way to create a minimum of confidence for SL investments is to go through the bias of a financial intermediaries with RL recognition.
Anyway, LEM still exists and has some remaining virtual investment in SL, but on a much reduced level. It allows us to keep track with SL and be informed.
At the moment we are not planning to change this status in the near future. If you are curious whether something will change then stay tuned...;-)
We wish you Merry Xmas and happy New Year 2010, full of luck, health, success and yes, fun to stay in SL
Greetz
Casper Trebuchet
it's already a longer time period since we delisted the SL-company LEM at ISE. We don't regret this decision as things really don't seem to evolve.
As long as the interfaces are not legally defined between SL and RL the overall situation of SL economy will not change, especially as virtual currency can be exchanged against RL one and vica versa.
It's a pitty as I think there is potential in an environment like SL to simulate RL patterns and or test strategies or simply in adding a new dimension to RL economy. However, some basic rules must exist to avoid annoyance to be robbed to easily, either through real scammers or just because of naivity and ignorance or arogance.
I still haven't found a solution. However, I believe that the only way to create a minimum of confidence for SL investments is to go through the bias of a financial intermediaries with RL recognition.
Anyway, LEM still exists and has some remaining virtual investment in SL, but on a much reduced level. It allows us to keep track with SL and be informed.
At the moment we are not planning to change this status in the near future. If you are curious whether something will change then stay tuned...;-)
We wish you Merry Xmas and happy New Year 2010, full of luck, health, success and yes, fun to stay in SL
Greetz
Casper Trebuchet
Friday, June 19, 2009
Liquidiation of LEM - final step
Hello shareholders,
as announced we took a final step and will liquidate LEM over the weekend. We will cash out the shareholders but keep our portfolio. After longer reflection and discussion with major shareholders it seems to us the best solution to apply.
It comes out that the final dividend you can expect is exactly 1.52 $L per share. You can check this figures here
The assets are difficult to evaluate as the ask/bid ratios for our portfolio are rather unhealthy. We took 90% of the Ask prices, stipulating that it would be difficult to sell them for a good price. To give an example I got suggestions for 1 $L per RDX or 1.25 $L for a DDE...lol
This money will be paid out over the weekend
We asked ISE to destroy our LEM-shares (in the name of Casper Trebuchet) till Sunday so that we only have to pay a dividend on the remaining shares.
We also kindly asked ISE to give us a link to a secure ISE-ATM to pay in the money (500'000 $L) as we lost a bit overview during the recent changes and developments. They already answered so that we can proceed as planned.
We feel sad about our liquidation but we think it is the best solution.
As LEM we will continue on a private basis but stay dormant and follow from distance how things develop on virtual economy within Second Life. At the moment we don't have the time nor the interest to do anymore.
If you have questions don't hesitate to ask me.
Greetz
Casper Trebuchet
as announced we took a final step and will liquidate LEM over the weekend. We will cash out the shareholders but keep our portfolio. After longer reflection and discussion with major shareholders it seems to us the best solution to apply.
It comes out that the final dividend you can expect is exactly 1.52 $L per share. You can check this figures here
The assets are difficult to evaluate as the ask/bid ratios for our portfolio are rather unhealthy. We took 90% of the Ask prices, stipulating that it would be difficult to sell them for a good price. To give an example I got suggestions for 1 $L per RDX or 1.25 $L for a DDE...lol
This money will be paid out over the weekend
We asked ISE to destroy our LEM-shares (in the name of Casper Trebuchet) till Sunday so that we only have to pay a dividend on the remaining shares.
We also kindly asked ISE to give us a link to a secure ISE-ATM to pay in the money (500'000 $L) as we lost a bit overview during the recent changes and developments. They already answered so that we can proceed as planned.
We feel sad about our liquidation but we think it is the best solution.
As LEM we will continue on a private basis but stay dormant and follow from distance how things develop on virtual economy within Second Life. At the moment we don't have the time nor the interest to do anymore.
If you have questions don't hesitate to ask me.
Greetz
Casper Trebuchet
Monday, June 1, 2009
Financial report - May 2009
LEM:ISE ended May 2009 with a profit of 41’671 (34'227) $L before dividend payment. NAV declined to 1.71 (2.04) $L/share. The dividend is set to be 0.015 (0.015) $L/share and was distributed just before
May was a stable month.
LEM started to sell its position in DDE because we will not IPO our latest derivative which is a basket on different companies at ISE. As a result we want to reduce our portfolio and invest the “liberated funds” differently. As we have written it at different other occasions we consider that our portfolio is too large in relation to the other assets. In selling some shares we can reduce our risk considerably and also produce a more sustainable NAV.
In consequence the NAV sank from 2.04 down to 1.71 $L/share. However, we have to consider that it is extremely difficult to estimate a NAV in virtual markets, especially as the liquidity is low what makes it rather difficult to sell the shares for a good price. As we sold 70’000 shares of DDE we reduced our portfolio already in a significant way which helps to stabilize the value of the remaining assets.
Those obtained funds are kept right now mostly on the currency exchanges in cash. LEM is not excluding that we will reinvest some of the funds in virtual shares again when we think the price is appropriate.
The profit is higher this month as we could consider two dividend payments of RDX. This might have a negative impact on the results of next month. We hope, however, that other earnings can be generated which will more than compensate those effects. We also have to consider that CAR only paid a part time dividend and others none.
LEM is paying a dividend of 0.015 $L which is a pay out ratio of 48%. The remaining rest of the profit will be reinvested.
The balance sheet and PL-sheet is given below
Our outlook for June is stable. We cannot guarantee the level of income as it continues to depend partly on the future of currency exchanges in SL and the outcome of different investment projects which are in elaboration.
Don’t hesitate to ask questions. You can reach me per IM, in the forum or directly over my email : casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
CEO, LEM:ISE
http://lemurinvest.blogspot.com
May was a stable month.
LEM started to sell its position in DDE because we will not IPO our latest derivative which is a basket on different companies at ISE. As a result we want to reduce our portfolio and invest the “liberated funds” differently. As we have written it at different other occasions we consider that our portfolio is too large in relation to the other assets. In selling some shares we can reduce our risk considerably and also produce a more sustainable NAV.
In consequence the NAV sank from 2.04 down to 1.71 $L/share. However, we have to consider that it is extremely difficult to estimate a NAV in virtual markets, especially as the liquidity is low what makes it rather difficult to sell the shares for a good price. As we sold 70’000 shares of DDE we reduced our portfolio already in a significant way which helps to stabilize the value of the remaining assets.
Those obtained funds are kept right now mostly on the currency exchanges in cash. LEM is not excluding that we will reinvest some of the funds in virtual shares again when we think the price is appropriate.
The profit is higher this month as we could consider two dividend payments of RDX. This might have a negative impact on the results of next month. We hope, however, that other earnings can be generated which will more than compensate those effects. We also have to consider that CAR only paid a part time dividend and others none.
LEM is paying a dividend of 0.015 $L which is a pay out ratio of 48%. The remaining rest of the profit will be reinvested.
The balance sheet and PL-sheet is given below
Our outlook for June is stable. We cannot guarantee the level of income as it continues to depend partly on the future of currency exchanges in SL and the outcome of different investment projects which are in elaboration.
Don’t hesitate to ask questions. You can reach me per IM, in the forum or directly over my email : casper.trebuchet@gmail.com
Greetz
Casper Trebuchet
CEO, LEM:ISE
http://lemurinvest.blogspot.com
Subscribe to:
Posts (Atom)