Subscribe to this topicForums > Tropical Temptations > Topic: XXX Financials and Important news!
| Oct 15th 2007, 16:20 Dimitri Gasser |
XXX Financials and Important news! | |
| Tropical Temptations financials as of right now look like this: Assets: " Temptation " private region - near fully complete, all that is left to do is the downstairs danceclub. Traffic and consumer awareness of the sim is gaining, however we are currently experiencing issues with staffing, and customer retention (theres noone there to work the traffic) xxx is actively looking for people willing to help headhunt, and is encouraging investors to support their brand. Temptation Room Management System - This system was custom made for our resort, and is definitly one of the best in Second Life. We will be listing this system for sale on slexchange.com shortly at a low price of L$1000 a room, or L$5000 for a full copy version. We expect this to become a solid revenue stream. Funds: L$128,886 - this is a liquid reserve, 82,500 held on the TropicalTemptations Iwish avatar. the remainder kept as working capital with CEO Dimitri Gasser. Services: 2 months of full service from the Crescendo Corporation, prepaid in full Debt: Tier is paid on the sim until Nov.19.07 Outstanding shares = 2,250,000 Outstanding non-personal shares = 1,100,000 ----------------------------------------- At this time XXX management has decided to not post a dividend. After careful consideration we have determined that to post a dividend vs. having a tier reserve and small working capital would not be benificial at this time. All shareholders are welcome to comment upon this in the fourms, however the XXX team believes most will understand our reasoning. ----------------------------------------- Tropical Temptations also wishes to make public at this time the fact that C.E.O. and Majority Shareholder Dimitri Gasser is looking to sell his stake of XXX and relinquish control of all assets to someone looking to purchase this company. In RL I have started going back to school for my B-COM degree, and although i have tried incredibly hard to balance both worlds, school must take precident, and the current workload from both sides is currently overwhelming. unfortunately due to this, on top of other personal issues, i have been unable to give temptation the time and footwork it deserves to fully come up to speed. I do feel a responsibility to my shareholders however, and do not want to be the ceo who let it all go to shit and dissapeared, quite the contrary i would like to continue on with sl and come back strong when school is finished or lightens up. This is why i am looking to sell, not because im ditching a bad company, quite the contrary, as anyone whos come out to the sim knows, its one of the best in sl by far and has great promise. but because i DONT want it to become a bad company, i would rather take a bailout and let someone else take it to the top, than let it die because i dont want to admit i cant do it right now. Any and all people are welcome to make me an offer. the offer would be to purchase all of my current shares, with which i would have the sim transfered to you, and would make you an owner of the tropical temptation group, to which everything on the sim is owned. I am only looking for L$ offers, chances are good I will NOT swap stock as there are very few companies on the market I personaly have faith in. I will continue to ceo the company and put in my best untill such a time that an acceptable offer is made and the deal completed. |
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| Oct 15th 2007, 17:53 Juanma Mielziner |
Re: XXX Financials and Important news!
Edited by moderator Oct 15th 2007, 18:27 |
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| sell dimitri thanks to you i have lost a lot of money waiting for this company to started i feel i like an idiot i have lost a lot and now you are leaving the company you shouldnt sell you shares, you should buy owrs shares the shares of all the shareholders because this announcement was not it the plan, or you should give your company shares to all the share holders of the company because we really want this to go in a good way... i really feel sad because this disition and i hope slcapx give us a explication because this company is giving a very bad impresion of slcapx to all the future shareholders... you have done a bad decition for all the people in the company | ||
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| Oct 15th 2007, 18:03 Dimitri Gasser |
Re: XXX Financials and Important news! | |
| A bad decision would have been to just let allow it to get run into the ground, the sim siezed by linden lab, and claim bankrupcy. A good decision is taking offers on my majority holdings, so that a new executive can come in and take the company up. benifiting the buyer, and all shareholders, and making you money. With the ammount of ceo's in sl who get stuck and just dissapear, you should be damn happy im trying to take a solid and responsible route in freeing up my load. Re read what i wrote please, and think about it. |
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| Oct 15th 2007, 18:24 Cash Yiyuan |
Re: XXX Financials and Important news! | |
| Hello All, Once again I will ask for the language in these forums to be professional. If you are going to comment please keep it within these guidelines. Please read and think, before you act. Regards, Cash Yiyuan SL Capital Management |
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| Oct 15th 2007, 18:39 King Broome |
Re: XXX Financials and Important news! | |
| Dimitri, for some reason I always have the feeling you won't last long. Let me just ask you this, if the issue is time, why don't you hire some people to run and manage the place. If you are going to sell your business, you do have to prove that your business model works. If I remember correctly, the place should run itself. If you have no interested in proving your business model, I'd say the next best solution is sell the sim, liquidated all assets and pay a final dividend before you say goodbye. You will earn a better credit score this way. |
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| Oct 15th 2007, 18:50 Dimitri Gasser |
Re: XXX Financials and Important news! | |
| Broome, your welcome to attempt to go out and find someone for me to hire. I think you will quickly find that there are very few people in sl who will take the job. and even less who are qualified. Nothing at the resort has changed, and it does run itself. the rental bots work fine, the rooms are automated, the escort posters dont need me, etc. I have advertisements out, and have hired a well known pr and marketing firm. i have a solid flow of qualified traffic to the sim, some 273 a day on adverage. out of that ive had 14 or so girls take out an advertisement, and work the stage while there online (this isnt often unfortunately), every few days, another girl signs up. i suppose that if i just let it sit, what the sim would take in passively while it establishes itself, coupled with the companies reserves, would see us out untill december. this sim will grow itself up all on its own, if you have a large enough reserve to keep paying tier, and covering advertising while it does so. however, we dont have those reserves, and as such need to accelerate that process by actively going out, and recruiting girls. it is this footwork i do not have the time for. and it is this footwork you cannot find a responsible, trustworthy employee to do. as such, i believe it is best for me to sell out my stake, so that a new executive can come in and take XXX to the top. |
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| Oct 15th 2007, 19:56 King Broome |
Re: XXX Financials and Important news! | |
| I know so many ppl want to open a strip club or something in that area, but I think it is unlikely someone will buy all your stake at once. You can lease the place for someone to run some kind of strip club with the lease to own option. That;s if you still believe in this business. |
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| Oct 15th 2007, 20:15 Savvy Moyer |
Re: XXX Financials and Important news! | |
| Couple of questions come to mind.... Has XXX passed the 60 day lock on treasury shares for you to even be permitted to sell your stake? If not, has permission been sought/granted from capex to transfer your shares? More importantly... How much of your own $$$ was wrapped up in the start up cost of Temptation? Seems like we bought into an IPO providing you funding and now you want to take a cash profit to walk away after how long??? No, I think your best bet is to find someone who is willing to take on the task and expense of running the club and paying tier on the sim, hand over whatever reserve fund you have and just walk away clean. That gives the shareholders a chance to still profit with new managemtn, considering it was OUR money that started the venture. Good luck in whatever. I am too minor a shareholder to really care about the outcome, but the idea that you want walk away with a profit while shareholders are left with rapidly devalued stock doesn't float with me. |
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| Oct 15th 2007, 21:07 Andy Grant |
Re: XXX Financials and Important news! | |
| Suggestion, and answer to savvy's question, based on the info Dimitri provided the pricing on his stake was based on non-tangible assets (his skills :)... in other words no "cash", we priced his brains at 540k L$. Now to my suggestion: Instead of selling your stake i as a shareholder would prefer to see a secondary wich would be bought by the potential new owner, this means the Owner will not sell his stake, the reason why i see this as a much better solution is because: 1. This gives us (investors) a confidence that you will try to find someone that actualy can do the job, instead of accepting highest bid. 2. Lets say you do a secondary for 500k, this would double the size of XXX to 2 sims, You would still own about 30% so would the new owner. 3. Finaly, your advantage as the founder of XXX, you'll make money from XXX while prioritating school. Personaly i find it very surprising that you figured out that school is coming up recently and not earlier, however i can understand that you underestimated, in any case the option of selling your stake is not a very good one (seen from the investors side). Another alternative wish is worst of all the alternatives for everybody is to sell the sim, selloff all assets and do a liqiudation dividend. |
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| Oct 15th 2007, 21:24 Andy Grant |
Re: XXX Financials and Important news! | |
| Btw. something that i find quiet interresting, look at these numbers: 2007-10-15 06:03:18 2.05 1.20 1.85 1.55 1.85 19586 2007-10-14 06:03:06 2.23 1.09 2.05 1.15 1.98 32607 Compare them to usual highs/lows the present weeks (usualy the volumes are at 2-5k, lows have been prety steady at 1,5 to 1,9), i find that very unlikely that it's just the market that figured out suddenly "LET'S TRADE!"... the volumes last 2 days are so MUCH higher than usualy that it leads me to the following question: Was this information that you posted as an announcment given to some investor "friends" before you posted the announcment ? Not that it's illegal in sl markets as far as i know, but i'd like to know. |
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