Saturday, August 25, 2012

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


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