Weekly report of 15th of May :)
SL Investor’s Bank Weekly Report, 15th of May
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During this week also has a lot happened! In business, and in my personal life, this personal
life changes also affects business here.
I’m starting a job next monday at our Employment office’s Employee services, which will definately
take a lot of time from running this, BUT, i will also have access from there etc. It’s mainly organization
question to handle stuff so that i get everything done here too 
Plus, it probably brings some
knowledge which will help me run the bank. 
— other SLIB
SecondLife Investment Bank went bust. Yes, you read right, it went bust. I did make an notices when
things started happening already.
Their building is gone, nobody is able to withdraw their funds.
Their CCO Lindsay Druart, i got the impression that she’s been on the dark about everything also,
what actually been happening there.
JC Brinks, he promised the name change long time ago, but after that ignored all my contact
attempts. Guess my fears realized?
Only announcement from their direction was a TOTAL JOKE at WSE. No apologies, no anything on
the actual problem. Funny coincidence that funds disappeared at the same time as they sold their
island Also, it’s possible that JC Brinks didn’t even write that announcement, there are some
people thinking, that it’s not how he usually writes. On top of that, from their side there is claims
that he has been on contact with people etc. But only person has been Lindsay Druart, their CCO,
who has been in contact with him. I doubt that even she has been in contact with him …
Also, the announcement of the actual problem was a 2liner… Talking about keeping people in the dark!
No announcement, no notices, no apologies, no nothing.
What is the truth behind it all? I don’t know, but i doubt their clients are going to see their funds.
There is one claim tho about them: Somebody deposited fraudulent funds and LL took 150% of it,
from them. Yes, that’s how LL actually does in those cases, i’ve heard it happen before. But how
likely is that Especially as no real announcements was dome.
How has it affected us then? Well A LOT of people think first that it was us, who is doing the stuff,
they come to Ranthambore wondering why their balance is different etc. and i got to each time
explain the true matters of things separately. Long term ill effects are hard to determine, and it shall
reveal itself over time.
— Spikes Mall
It’s open & Ready for business. One step on the diversifying plan
There is a few venders already, and Benedictus is planning an Masquera Ball event and some
competitions.
— Age verification
It’s good that LL is taking steps to prevent kids from coming to adult playgrounds, BUT current
plan is a disaster!
In effect it would mean a lot of troubles for business owners (like casino ad filtration did! but worse),
many areas would be off limits, and how many actually would be willing to do that?
They are asking you to do an illegal thing for some! In some parts of the world giving out SSN for
companies for age-verification or identity verification is illegal.
and ultimately, this won’t even stop kids seeing XXX, by what has been given to the public.
It isn’t LL’s problem if individuals lie to them, only problem LL has at that point is to provide connection
logs, which will in the end identify at least the internet connection owner
— Personnell System
In use is a personnell system by Erik Goff. Don’t ever buy it, it’s major piece of crap.
It’s almost daily that it “crashes”, and it needs to be reset, employees reloaded etc.
Looking for alternative, have one? Present it’s benefits to me(Tyrian Camilo)
———-
Financial stats
Land prices are again crashing -.- down to even 8.5L$!
Market bottom is 8.6-8.7L$/sqm at the moment.
Market bottom on the figures is 0.9L$/sqm lower than last week, which means alone about 140k L$
difference at immediate liquidification value.
There were DAMN much costs and SNE went down a bit (~40k L$ worth for me)
Interest is going to stay the same.
These figures are missing ~17k L$ at SLWX and ~500L$ at SLX.
WSE Portfolio value: 485,533.31L$
Land holdings total: 144,363sqm
Land holdings approximate value: 1,990,192.21L$
Land holdings value at current average listed: 1,664,561.24L$ (10.76L$/sqm) (this doesn’t account for advertising parcels different value)
Land holdings immediate liquidification value: 1,330,411.40L$ (8.6L$/sqm) (this doesn’t account for advertising parcels different value)
Difference of actual and immediate liquidification: 659,780.81L$
Mortgages value: 76,644.89L$
Receivable credit: 10,243.32L$
Total assets: 3,584,439.87L$
Total accounts funds: 2,861,924.83L$
Liquid Funds: 967,372.84L$
Bottomline profit: 722,515.04L$
Bottomline profit with immediate liquidation:Â 62,734.23L$
Mainostaulu income, total: 15 850L$ (does not include parcel sales)
Builder costs: 55,000L$ (HQ, Mall, ATM)
Tier: 55,000L$
Rental system: 800L$
Salary Tyrian Camilo: 25,000L$
Total: 135,800L$
Other salaries are not accounted due to metrics systems missing.
If there’s any more financial stats you would like to know, IM Tyrian Camilo and let’s see if these could be arranged for you.