SL International Business

It’s been quite hectic week this time also, lots has happened, lots and lots, and lots continue to happen, to the
good or to the worse.

First let’s start with something AMAZING:
SLIB is starting business to sell RL products within SL, using L$, delivered anywhere in the world.
Currently we have a supplier for Games (PC, Consoles) and DVD Movies (NTSC Region 1 only however), printer inks etc.
This needs some work, to make shopping carts, checkout procedures etc. all within SL.
Currently, there is so that you can buy one product at a time which includes international shipping, and you fill using an form
your shipping details. Prices start from 4,700L$, and currently there is available 9 classic games/collections. Fallout, Heroes of
Might and Magic, Aliens VS Predator etc.
http://slurl.com/secondlife/Peerskill/56/28/129

Land Sales tracker!
There is currently 3 active users: Nestor Kembla, Delicious Demar and Kejo Merlin.
For Kejo was made an private and separate web listings at http://land.kejomerlin.com

Mainostualu IPO & WSE Portfolio

WSE portfolio “took a huge hit” during this week due to share transfers.
900,000 shares was transferred from my ownership to 3rd parties, which contained
salary payments & bonuses, and some cheaply sold pre-ipo stock.
Also, portfolio does not reflect yet the amount attained thru IPO sales.
That alone made a difference of 700,000L$.

Also, GPB and SNE prices are down. SNE roughly -70k L$, and GPB roughly 120k L$.

Most of these are temporal changes, and will soon change their direction.
Also i would remind that Mainostualu management account has not yet been created, nor
funds transferred, this will happen sooner or later for proper accounting of Mainostaulu.
When this happens an another “loss” will be marked for SLIB. Yes i know, it’s like giving money
from my left hand to my right hand, but it’s necessities for honest and transparent operation.

Also there will be an INVESTOR ROADSHOW of MAI IPO sooner or later, i will announce the date,
time and location soon.

Real Estate …
Well sales has still been generally poor, but somedays has been good and really fast selling,
but they are a farcry to the record numbers.
I have already done in small degree of “dumping” some old stock which doesn’t sell, in order
to refreshen the stock. Sad truth is that poorly selling land keeps stockpiling up, until you
have less and less of well selling land, and ultimately your hands get tied.
This has happened now in combination of continuing withdrawals and client funds going down,
i’ve been totally unable to make new investments, thus eating a lot on the bottomline…
I mean really A LOT, while i could have raked in atleast some fast profit, it has not been an option.

Also, average selling price has been slowly but definately going down now, yet there is tons of
old higher priced stock, which makes a HUGE difference on the bottomline, this too is just an
temporal thing until things get more stable.

——-
Financial Stats

WSE Portfolio value: 3,513,537.77L$
Land holdings total: 345,520 (Down ~54k sqm)
Land holdings approximate value: 3,695,222.31L$ (Down ~623k L$, Reminder: This does not contain mainostualu parcels anymore)
Land holdings value at current average listed: 4,039,128.80L$ (11.69L$/sqm)
Mortgages value: 630,306.33L$
Receivable credit: 45,085.75L$  (Includes also one mortgage which was given as credit for the ease of use)
Total assets: 10,179,606.98L$ ($38,269.20, Down ~1,879k L$)
Total accounts funds: 8,319,405.51L$ (Down ~857k L$)
Liquid & Semi-liquid Funds: 627,116.93L$ (Down ~203k L$)
Cash at hand: 594,932.00L$ (Included in above figure)
Bottomline profit: 1,860,201.47L$
Total profit over the week: -1,021,800.00L$

Island reservations: 3, 30USD (Included in above calculation at a rate of 266L$/1USD, devaluates overtime)

Semi-liquid means money in other banks.