We have to inform you that the major shareholder of LEM:CAPX - Casper Trebuchet (aka Cas aka myself ...lol) - sold 80'000 shares over the counter to one of the Greek funds today. So don't be surprised if you see a new important entry in our shareholder's list.
With that I still keeps the majority in LEM but the liquidity of LEM can increase in a meaningful way.
In the same time be informed that I will do a forward payment of 45'000 $L to LEM. That payment should be reimboursed over time and participate on the revenu of LEM. However, a small margin will be in favor of LEM, that is why both parties - shareholder and me as private "lender" will profit.
That forward payment will appear in the next financial report for September.
The money will be used to finance future projects.
Greetz
Cas
Chairman
http://lemurinvest.blogspot.com
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