SL International Business

This was posted sometime ago in-world, but not here, so here it is for reference purposes. There will be soon an another post with more detailed FAQ and about strategy.

SL Investor’s Bank client reimburse plan and practice
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As of the new banking policy, we have to shutdown our banking services, however most of the assets are “stuck” and we are insolvent until the market re-stabilizes. Thus we need to have this plan, and multiple methods of reimbursements. We reserve right for changes to this plan, but intend to follow it as closely as possible.

We will be listing SLIB Real Estate in a stock exchange, and opening an IPO. This is to make that company as independent organization, under SLIB (To be SL International Business), for accounting and in order to fullfill the separation progress. Upto 60% is to be sold or given to 3rd parties. Money raised from the IPO will be either used to reimburse SLIB accounts, or given for the growth of SLIB Real Estate. Same as with Mainostaulu IPO, this is considered as SLIB selling part of it’s business to 3rd parties.

SL International Business(SLIB) will be listed in a exchange at 1L$/Share, and will be the PRIMARY reimbursement method. Shares to be created is decided by the amount of claimed funds and rounding upwards as Tyrian Camilo’s personal ownership(REQUIRED, SEE FAQ). Unclaimed funds will be considered as a donation and will not be created as shares. For example, if this is the preferred for a total of 6,234,123shares, we will create 7,500,000shares, from which 6,234,123shares are for reimbursements and rest for Tyrian Camilo. From all dividends paid, and dividend received by Tyrian Camilo is 100% to buy back. Tyrian Camilo will be paid a salary for his efforts, from which he is free to choose to buy back or not, and how much. Profit SLIB and it’s subsidiaries which SLIB receives is to  be used as following: 10% to an emergency fund in a RL bank account, 20% for new ventures/growth & advertising, 70% to Salary/Dividend/Buy back. For example, if monthly profit is 500,000L$ for SLIB itself, 50,000L$ goes to emergency fund, 100,000L$ to grow the business and 350,000L$ as Salary/Dividend or Buy back. Salary for Tyrian Camilo is required for his efforts, for various Real Life reasons. SLIB’s profits currently are from the following: SLIB Real Estate, Mainostaulu Network, Kauppa Stores and Personal Loans.

All 3rd party company stock is to be liquidated slowly for sensible prices, and funds in other banks to be taken into hand, and either used as specified above by SLIB, or given to it’s subsidiaries for growth, as a donation or as a loan.

Priority on reimbursements is as follows:
* 3rd party company shares to be given immediately, as much as we can
* SLIB share buy backs / dividends
* Those remaining as normal deposits

From the latter two, as in both money is directly involved, we will first buy back upto 40% to 60% of SLIB, after which we will use the following percentage: 75% Buy Back, 25% Cash Balance. After we have finished buy backs, we will use 30% of profits for honoring cash balances. Our promise is to buy back to atleast 75% ownership of SLIB. On initial distribution, Tyrian Camilo may not become owner of more than 25%. Currently, no definite schedule exists for 100% reimbursements. Expectancy is within 12months, without liquidating any of the subsidiary companies and allowing growth for them. Cash balances are of the lowest priority reimbursements.

Clients have to make a claim on their funds, and tell us how they want the reimbursement. Deadline for the claim is 2nd of February, 2008.
All funds which are not claimed by that deadline, are considered as donations, people who have left SL, banned from SL etc. and will increase the speed of reimbursing active and authorized clients. If your account is frozen due to fraudulent activity, you may not make an claim and get an reimbursement. Frozen for other reasons are case by case. Claims will be processed in the order they are received, FIRST COME, FIRST SERVED. After deadline, no more claims will be taken nor processed. So MAKE SURE you do it before that. This method was chosen for many reasons, stock prices, no need to print new stock in SLIB, future management overhead etc.

*** POSSIBLE REIMBURSEMENTS
For easy read, and to better weight your options, and give some other choices too:
* SLIB Shares
* SLIB subsidiary company shares
* SLIB Estates Land (No Discounts, Sorry!)
* SLIB Mainland (No Discounts with this either, Sorry!)
* 3rd party company shares

*** PREFERRED REIMBURSEMENT
We prefer that you choose 3rd party stocks and SLIB stocks for the full amount of your balance. This is the easiest and most convenient method for us to manage. Also, with this method you give yourself a chance to get more than the balance, in form of dividends and share value & appreciation. Also, as SLIB has high assets, SLIB’s share value due to the buy back promise is bound to increase.

SLIB Shares VS. Cash Balance
+Possible (And likely) appreciation of value
+Possible dividends
+Ability to convert to cash at will, or buy more of the shares for increased future gain.
-Value may also go down.
+First priority on reimbursements, buy back program.
+SLIB is stable and very profitable company.

Cash balance WILL NOT gain any interest, dividends, or any other monetary benefit during the time you are waiting for reimbursement.

So, PLEASE, choose SLIB shares.

Current financial status:
- Low cash balance for operational costs.
- About 1.5-1.7mil L$ in other banks, waiting to be reimbursed.
- About 1.1-1.3mil L$ worth of stock to be liquidated.
- SLIB Real Estate land holdings value, approximately 3.5-3.8mil L$
- Subsidiary stock: approximately 3.1mil L$.
- Account receivables: ~315,000L$
- Mortgages: 135,000L$
* TOTAL: 9.5Mil L$ to 10.3Mil L$
YES, we have taken losses since the banking policy came in effect. Equipment value is  roughly 1.9mil L$.
On normal every-day accounting we would still stand greatly in profit (+Exact cash balances +Group Limbos +Equipment etc.), but from liquidation perspective, we are not in profit.
Also, our account balances contain funds of Kauppa & Mainostaulu, together combined over 300,000L$.

**** Procedure for a claim:
* Make a new notecard named SLIB CLAIM: Avatar Name   for example: SLIB CLAIM: Tyrian Camilo
* Cut & Paste following form into it, and answer the questions:
———- CLAIM FORM ————–
SLIB Account #:
PREFERRED REIMBURSEMENT: (see FAQ)
———– END FORM ————-
* Send the notecard to Tyrian Camilo
* You will get an IM when reimbursement is calculated and confirmed.

*** FAQ
Q: Why do i have to make a new notecard?
A: That way we can process the requests at our schedule, and from the creator & date, we see that it wasn’t created on the behalf of someone else.

Q: What does “preferred reimbursement” mean?
A: How you want to be reimbursed, a free form written request. for example: 5,000L$ to stay as a deposit, 7,500L$ as MAI shares, 13,000L$ as SLIB shares. Minimum of 60% in shares, except for under 500L$ balances to which this rule does not apply and they may choose their distribution however they wish.

Q: How do i find my account #?
A: Goto nearest ATM and query balance, or use PBA for balance query. There will be at HQ an ATM replacement which does not accept payments in order to check that.

Q: Why minimum of 60% in shares?
A: For practical reasons, and due to the unknown time-table of the reimbursements. Few exceptions might be made however, if you are requesting for exception to this rule, please describe why you want and why should you given an exception to this rule. Everyone is examined on case by case basis.

Q: What if there is no shares left of a particular company i requested?
A: You will be given SLIB shares instead, unless otherwise specified in the form.

Q: How are cash balances going to be reimbursed?
A: Random order, manually paid directly to avatar.

Q: What’s your recommendation between SLIB shares and cash balance?
A: SLIB shares, that way you are able to get money when you need, and possibly even more than the initial balance was. Cash balances are lowest priority reimbursements.

Q: Why is it required to pay an salary to Tyrian Camilo?
A: This should be rather obvious. Afterall, we all are humans and have certain needs, furthermore, there has to be an incentive to do this. Would you work an year or more for completely free? Also, there is certain costs involved with running SLIB which are not taken directly as expense of SLIB, for example phone calls (when consulting RL contacts), internet connectivity etc.

*** POSSIBLE STOCK REIMBURSEMENTS
* Due to the nature of stocks, we reserve right for price changes! These are to be communicated via SL Investor’s Bank group. That’s the reason for handling these first. We also reserve the right to charge upto 15% above these prices, if the stock price has risen when your claim is being to be processed. If the stock price climb is more than 25%, we will give SLIB shares instead or as specified in the form.

3rd party company shares:
SNE, Sarah Nerd Estates at WSE. Total 149,948shares
Price per share: 0.80L$/Share

WTF, WSE Traders Fund. Total 5,261,236shares
0.05L$/Share (Warning: Above market price)

DDE, Delicious Demar Enterprises at WSE. Total 74,350shares
3.50L$/Shares (Warning: Slightly above market price, below you can acquire roughly 13,500shares. This company share values are bound to increase to close to 4L$/Share)

SPB, Springboard Publications at VsTex. Total 119,930shares.
0.09L$/Share

ESN, Express Shopping Network at ACE. Total 786,508shares.
0.85L$/Share

Subsidiary company shares:
MAI, Mainostaulu at WSE. Total availability: 1,000,000shares.
0.95L$/Share

SLIB Real Estate, to be listed. Total availability 90,000shares. (Float decided: 150,000shares)
100L$/Share

KAU, Kauppa Stores at ACE. Total availability: 20,000shares.   *PENDING APPROVAL DUE TO REGULATIONS*
6L$/Share (1L$/Share above IPO price. IPO sold out FAST)

*** Media Contacts
Company:
http://www.sl-investors-bank.com/
http://blog.sl-investors-bank.com/
http://slurl.com/secondlife/Ranthambore/196/225/38

Tyrian Camilo
CEO &  Founder / SL International Business

Lynn Binder
Client Service Representative / SL International Business