SL International Business

I got several questions by notecard today, here i’m going to answer them as honestly as i can.

Q: Will you be able to hold the SLIB? and if yes - what do you want to do with it? Like it is, it is forbidden.
A: The new policy is full of loopholes, it’s like swiss cheese. We will be able to offer in a form or another returns on your investment even after 22nd, pending we get code done in time. Holding onto SLIB is possible in a form or another, and preferrable. Infact, with very little changes we could continue on as a interest bearing bank. Their policy is limited to objects, such as ATMs. With some development, we would be able to continue, however, most certainly LL would be pissed, and could just close us anyways, under some shady unethical grounds. They already attempted, but i bited right back. We must remember that LL also owes us some money, money they gave to other people without my approval, due to suspending my account and group dividends were given to all group members. Also, the SLopoly fiasco: They are refusing to admit there was a breach of ToS and/or Community Standards, in effect saying, that it’s legal to steal from me. Group dividends were: ~26,316L$ and SLopoly: 104,300L$.

Q: What will happen to SL economy, if you sell your assets for nearly every price? Do not forget: everybody KNOWS, you must sell.
A: Mainland land values take a short downturn of approximate upto 0.3L$/sqm if i sell all land NOW at liquidation value, that’s unpreferrable. My effect to the whole SL economy is rather limited, some share prices will dip a little bit, as well as land prices. From overall economy, SLIB is still rather small. I’m fighting to sell only at sensible prices at the moment.

Q: We experience Luke as a man, who seems to take money out of SL. What will he do with Hope and the WSE?
A: He will continue on, without offering interest. Maybe also disabling dividends.How long do you expect the WSE to survive with such a boss?

Q: What will happen to you, if the WSE is bankrupt?
A: Hopefully every stock we hold there, is able to change to another exchange fast. Our holdings are: MAI, DDE, WTF, SNE. WTF would be gone naturally, and current impact would be around 150k L$, however it has a huge growth potential.

Q: What will happen to SLIB and may be your new enterprise if the WSE goes bankrupt?
A: We would take a financial hit, for sure. Full refunds would take slightly longer.

Q: How exactly to go on after SLIB? With which assets to take over? Keep in mind: We see the land prices falling and falling and falling.
A: Actually land prices has been climbing for quite some time now. No money movement would be necessary to adjust the assets, very little management overhead to continue on. SLIB will possibly only change name, and become the Group of companies, owning every subsidiary company. I have no personal assets, nor high income outside of SL, so cashing in great numbers of my personal money is not an option neither, unfortunately. What little i have, has already been reserved for some future plans.

Q: Can it be, that your attempts to save SLIB means “throw good money to the bad one”? What about declaring yourself bankrupt and paying back e.g. 50% (or what you think)?
Or: Offering your largest share-holders and your largest account holders some role in the new enterprise instead of the 50%?
Or: What about constructions like “get 50% at sudden or stay without withdraw of 100% for at least 6 months”?
A: Honoring liabilities at the pain threshold right now means losses, however, i’m a man of ethics, and still do that.Last bank run, on the ginko fallout resulted in very very high losses, and we were somewhat lucky to get out of it. I’m not going to take that much loss this time, but play it out more safe.  Declaring bankruptcy would definately mean selling all assets of, in order to get the insurance from The Rock, of total 1.1Mil L$, and to do it ethically. Thus not an option. By accounting, we are not really bankrupt neither, sure, our money is tied up heavily, but we ain’t bankrupt. Due to these circumstances, in some loss sure, but not bankrupt level loss.

Q: Start a new enterprise afterwards?
A: My plan exactly, infact, very little is to be changed in the end. The core business changes, subsidiaries are unaffected.