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
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