http://slcapex.com/forums/browse/VGW Supplies your virtual needs! en-us Fri, 24 May 2013 20:05:51 -0700 Fri, 24 May 2013 20:05:51 -0700 http://slcapex.com/forums/ SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/VGW/8087
Today I have put in a substantial limit order of L$ 1.10 per share in an attempt to buy an extra portion of shares from the market. If anyone feels like selling their shares at a reasonable price please feel free to accept.

in topic Limit orders by Tuvok Dingson ]]> Mon, 20 May 2013 01:32:45 -0700 http://slcapex.com/forums/topic/VGW/8087/41154 http://slcapex.com/forums/topic/VGW/5258 COST L$ -355'686
PROFIT L$ 23'139

Paid Dividend 28th of April L$ 10'000

added to retained dividend: L$ 13'139


Balance sheet 28th of April 2013 L$

Cash And Cash Equivalents 525.834
Accounts receivable
Deferred expenses 354.796

Current assets 880.630

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.149.445



Loan
Dividend payable

Total liabilities

Retained profit shareholders 117.739
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.149.445

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.149.445

The CEO currently holds 1'784'666 shares (89,2% of the current outstanding shares)

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Mon, 13 May 2013 07:54:34 -0700 http://slcapex.com/forums/topic/VGW/5258/41065 http://slcapex.com/forums/topic/VGW/8062
We have reached an agreement with one of our Tenants to sell off ONE our Region, called Treesong to her. This sale has been done last friday the 10th of May and has been an incredible fast transaction to cut our costs of overhead.

Due to the lack lack of New influx and current competition we decided to let the Region go. It was 3/4 empty and a new month of Tier would have costed us roughly L$ 76 '000 down the drain. Fortunate for us the remaining Tenant took the Region. Unfortunate for us we had to let it take off our hands for as much as it took for us to transfer it. So no revenue from this Region sale. A depreciation of 250K is in the books with our financial report over May.

Our company will stay profitable. This particular Region has only been a liability for us. Our dividend payment as stated in our dividend policy in our section under Company info is not in danger of any kind.

Thank you for your interest and time.

Be prosperous,
Tuvok

in topic News Story: VGW restructuring and outlook by Tuvok Dingson ]]> Mon, 13 May 2013 06:04:29 -0700 http://slcapex.com/forums/topic/VGW/8062/41064 http://slcapex.com/forums/topic/VGW/7944
Thank you for your tips, however:

If you have read my postings you will see that I am NOT liquidating my business NOR do I intend to STOP my business.

The only thing i have stated is that i am trying to aquire 100% of the VGW shares.

Thank you.

in topic News Story: VGW Q1 financials posted and market announcement by Tuvok Dingson ]]> Mon, 22 Apr 2013 05:12:20 -0700 http://slcapex.com/forums/topic/VGW/7944/40585 http://slcapex.com/forums/topic/VGW/7944
If you are willing to liquidate simholdings I can advice you to do so including clients/residents that already have settled there. Customers that stay around are valuable for large landcompanies and they are willing to pay more for a sim that way so that they don't have to fill up a lot empty sims. In late 2011 I have sold about 10 fullprims with 75% occupied land for around 525 US$ each and average 2 weeks tier included. An empty sim would only bring 150-250 US$ with 2 weeks tier in.

Goodluck,

Stryker

in topic News Story: VGW Q1 financials posted and market announcement by Stryker Yoshikawa ]]> Mon, 22 Apr 2013 03:51:33 -0700 http://slcapex.com/forums/topic/VGW/7944/40582 http://slcapex.com/forums/topic/VGW/7944
It is my intention to delist VGW eventually. As I can see it I will try to have all shares bought back after the summer period.

The reason I came with this news is that with my holding of 90% the share price simply is pretty high and I do not want new traders in my stock buy for the wrong reasons.

I have stopped investing in land, VGW has done wonderfully well given the market conditions and I personally want to exit when things are still going good.

In order to prepare the market I have decided to let the fund trade where I make sure the stock price will not drop excessive by putting in large amounts of limit orders.

We have currently still roughly 190'000 shares under IPO investors and 25-26'000 shares are under small investors / day traders. I am confident I will manage to find a good deal for all of them.

As I can see it then I am working on a "slow" gracious exit.
All share holders can sell their shares either through the normal market or start a P2P transaction with me where I keep a good eye on the share price.

I am not planning on letting shareholders lose out on this deal

Your question is much appreciated and if anyone likes to know more please make a post.

all the best,
Tuvok

in topic News Story: VGW Q1 financials posted and market announcement by Tuvok Dingson ]]> Mon, 22 Apr 2013 01:20:34 -0700 http://slcapex.com/forums/topic/VGW/7944/40581 http://slcapex.com/forums/topic/VGW/7944
Does this mean VGW is preparing to delist from Capex in short/medium term?

Thanks,

Stryker

in topic News Story: VGW Q1 financials posted and market announcement by Stryker Yoshikawa ]]> Mon, 22 Apr 2013 00:24:00 -0700 http://slcapex.com/forums/topic/VGW/7944/40580 http://slcapex.com/forums/topic/VGW/7944
If you would like to sell your shares directly but feel the current bid price is too low and you would like to sell, please contact Tuvok Dingson for a direct P2P transfer.

in topic News Story: VGW Q1 financials posted and market announcement by Tuvok Dingson ]]> Mon, 22 Apr 2013 00:17:11 -0700 http://slcapex.com/forums/topic/VGW/7944/40579 http://slcapex.com/forums/topic/VGW/7944
Our financial report for Q1 has been posted. Please find them in our forum section. Q1 has been a little rougher, but VGW still managed to perform pretty well given the market circumstances.

That being said, we would like to make the following statement to the market.

Our fund has performed extremely well for our IPO investors, but I have seen not so many regular investors step in VGW. The reason is obvious, investing in Land in Second Life is one of the most risky operations.

That is why for some time now, we decided to seize investments in land and keep the business as is. During that time the CEO of VGW has managed to see his personal holdings in VGW go from 65% to virtually 90%. It is his intention to keep buying back shares from the market until his personal holding reaches 100%.

Make no mistake. We will keep posting dividend and keep VGW listed as long as it takes to buy back the full 100%. Until that time it is business as usual for VGW.

Thank you all for your attention and be proserous!

Tuvok Dingson
CEO VGW

in topic News Story: VGW Q1 financials posted and market announcement by Tuvok Dingson ]]> Sat, 20 Apr 2013 11:50:06 -0700 http://slcapex.com/forums/topic/VGW/7944/40534 http://slcapex.com/forums/topic/VGW/5258
Herewith we post our Quarterly financial statement of the result over the first quarter of 2013.

Total Earnings first quarter L$ 1'172'475
Total Expenses first quarter L$ 1'105'006
Total Profit L$ 67'469

Paid dividend through January to March L$ 55'000

Balance sheet 28th of March 2013 L$

Cash And Cash Equivalents 512.695
Accounts receivable
Deferred expenses 354.796

Current assets 867.491

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.136.306



Loan
Dividend payable

Total liabilities

Retained profit shareholders 104.600
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.136.306

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.136.306

Please note that the CEO owns 86% of the shares as of 31st of March.



in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Thu, 18 Apr 2013 08:33:39 -0700 http://slcapex.com/forums/topic/VGW/5258/40506 http://slcapex.com/forums/topic/VGW/5258 COST L$ - 355'386
PROFIT L$ 20'413

Dividend paid out 28th of March L$ 15'000

Added to retained profits L$ 5'413


Balance sheet 28th of March 2013 L$

Cash And Cash Equivalents 512.695
Accounts receivable
Deferred expenses 354.796

Current assets 867.491

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.136.306



Loan
Dividend payable

Total liabilities

Retained profit shareholders 104.600
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.136.306

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.136.306

Please note that the CEO owns 86% of the shares as of 31st of March.

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Thu, 18 Apr 2013 08:15:09 -0700 http://slcapex.com/forums/topic/VGW/5258/40504 http://slcapex.com/forums/topic/VGW/7903
Just like last month we have to report that land is starting to turn vacant but it is tremendous difficult to mainting the high occupancy like we had in the past.

The people that are currently leaving connot be replaced that easy. There is currnently no waitinglist and the demand is currently not in sync with supply.

We are aiming to pay a dividend around L$ 10'000 this moth. L$ 0.005 per share.

All the best,
Tuvok

in topic Dividend april and lookout by Tuvok Dingson ]]> Wed, 10 Apr 2013 02:00:05 -0700 http://slcapex.com/forums/topic/VGW/7903/40342 http://slcapex.com/forums/topic/VGW/7839
As stated in our last message, we have had to cope with a decline in demand for land and the last weeks we have had to cope with numerous SL hickups like restarts that really mess up for our redisents. This has resulted in at least one person leaving us.

Furthermore a resident that rented a big portion of our land has turned missing in action and was good for a large portion of the profit.

Our current occupancy rate is still be good for profit, but the revenue on the parcels is not like it has been before as competition for land is murderous at the moment.

We will lower our dividend payout to 15'000 this month and will be monitoring our situation over the next few weeks very careful.

Be prosperous,
Tuvok

in topic Dividend March and outlook by Tuvok Dingson ]]> Fri, 22 Mar 2013 07:05:32 -0700 http://slcapex.com/forums/topic/VGW/7839/40169 http://slcapex.com/forums/topic/VGW/5258 COST L$ -383'816
PROFIT L$ 19680

Dividend paid out 27th of February L$ 20'000

Taken from retained profits L$ 320

Unfortunately despite the turnover we had to take some small amount of the retained profit to be able to pay the usual dividend.

Balance sheet 28th of February 2013 L$

Cash And Cash Equivalents 507.282
Accounts receivable
Deferred expenses 354.796

Current assets 862.078

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.130.893



Loan
Dividend payable

Total liabilities

Retained profit shareholders 99.187
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.130.893

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.130.893


in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sat, 02 Mar 2013 01:43:31 -0800 http://slcapex.com/forums/topic/VGW/5258/39736 http://slcapex.com/forums/topic/VGW/7744
Herewith the payment of this month's dividend. This month we have (slight) less profit than we pay out, meaning that a small part of the dividend will come out of our retained profit.

The lookout for March is also negative. We have had to cope with a Resident relocating her business as her size of business did not meet her demands at the current location. We have had to do some concessions in order to get the space occupied again, which will affect at least the proceeds of March as well.

We have currently halted our investments plans, as we have more Residents that have large land holdings and with current market conditions we need to take into account that large amounts of land could become vacant without any notice. With our current span of control and the current market conditions we will not invest anymore unless we have to rise to the occasion.
Our company page has been updated to this news as well.

Dispite all, we have a large financial buffer and are carefully monitoring the market conditions, our financial holdings and cash flow.

All the best,
Tuvok

in topic Dividend Februari and outlook by Tuvok Dingson ]]> Wed, 27 Feb 2013 01:54:16 -0800 http://slcapex.com/forums/topic/VGW/7744/39670 http://slcapex.com/forums/topic/VGW/7725
in topic shareholders that like to sell by Tuvok Dingson ]]> Tue, 19 Feb 2013 11:31:17 -0800 http://slcapex.com/forums/topic/VGW/7725/39615 http://slcapex.com/forums/topic/VGW/7725
in topic shareholders that like to sell by Skip Oceanlane ]]> Tue, 19 Feb 2013 08:24:37 -0800 http://slcapex.com/forums/topic/VGW/7725/39614 http://slcapex.com/forums/topic/VGW/7725
Many shares have been traded over the past half year where people are cashing out there investment in VGW.

If there are people that like to get liquidity for the upcoming new IPO's that are to be expected based on Skip's news then please put in p2p transactions to Tuvok Dingson. I am currently still buying back shares and the avarage share price is currently a great value and I will accept until further notice all p2p orders that are put in to me personally.

Be prosperous,
Tuvok

in topic shareholders that like to sell by Tuvok Dingson ]]> Tue, 19 Feb 2013 05:51:36 -0800 http://slcapex.com/forums/topic/VGW/7725/39612 http://slcapex.com/forums/topic/VGW/5258
EARN L$ 393.180
COST L$-365.804
PROFIT L$ 27.376

DIVIDEND PAID OUT L$ 20'000

RETAINED PROFIT L$ 7'376


Balance sheet 28th of January 2013 L$

Cash And Cash Equivalents 507.602
Accounts receivable
Deferred expenses 354.796

Current assets 862.398

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.131.213



Loan -
Dividend payable -

Total liabilities -

Retained profit shareholders 99.507
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.131.213

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.131.213


in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Thu, 07 Feb 2013 12:26:55 -0800 http://slcapex.com/forums/topic/VGW/5258/39499 http://slcapex.com/forums/topic/VGW/7554
We have just posted our 4th quarter financial statement.
We are satisfied with the results over 2012.

2012 was the year where VGW had to prove itself worthy of being listed on the Exchange and we think we managed to do so. We have been able to pay out to our initial IPO investors over 14% annual return on their investment. With that being said we face a brand new year and dispite the current crisis and land business being very challenging, we will try not to just sit on our success. We will try to expand.

This will expose our company to a higher risk and it is only fair to inform our shareholders about our intentions. We feel that we have enough flesh to the bones and will try to expand out of our current reserves. We are not looking to offer a SPO. This will have a positive boost to our NAV over time.

We know that with this expansion we will face a challenging time. In our line of business margins on renting out virtual lands are thin. BUT we have been blessed to have had a very loyal and faithful community. It is only based on that and the constant inquiry for space just from word to mouth has driven us to let our business further grow. We have been able to retain a reasonable amount of profit to create an additional buffer in case of a new investment. We are hoping to be abe to purchase another Region very soon and be able to lock in a new type of community.

Last but certainly not least:

We will keep paying out a base dividend of L$ 0.01 per share per month throughout 2013 for the time being as long as we make a steady profit. Margins and profits are currently under pressure and a new expansion will probably affect our reserves for a while, but we will try to maintain the payout our shareholders are used to.

in topic News Story: VGW 4th Quarter financials and lookout for 2013 by Tuvok Dingson ]]> Thu, 10 Jan 2013 08:29:59 -0800 http://slcapex.com/forums/topic/VGW/7554/38841 http://slcapex.com/forums/topic/VGW/5258
Herewith we post our Quarterly financial statement of the result over the fourth quarter of 2012.

Total Earnings fourth quarter L$ 1'251'168
Total Expenses fourth quarter L$ 1'169438
Total Profit L$ 81'730

Paid dividend through october to December L$ 72'500

Recap from 1st of January 2012 to 31th of December 2012

Total Earnings 2012 L$ 4'949'442
Total Expenses 2012 L$ 4'574'736

Total Profit 2012 YTD L$ 374'706

Dividend paid out 2012 YTD L$ 282'575

Retained profit L$ 92'131

Our IPO investors have earned L$ 0,1413 per share, giving an annual return of 14%

Balance sheet 28th of december 2012 L$

Cash And Cash Equivalents 500.226
Accounts receivable
Deferred expenses 354.796

Current assets 855.022

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.123.837



Loan
Dividend payable

Total liabilities

Retained profit shareholders 92.131
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.123.837

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.123.837

The CEO holds 1'558'602 personal shares ( 77.9%)

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Thu, 10 Jan 2013 07:03:48 -0800 http://slcapex.com/forums/topic/VGW/5258/38839 http://slcapex.com/forums/topic/VGW/7503
These are sure all valid pointers.
all the best,
Tuvok

in topic News Story: VWG likes their investor's input by Tuvok Dingson ]]> Sat, 05 Jan 2013 05:51:12 -0800 http://slcapex.com/forums/topic/VGW/7503/38697 http://slcapex.com/forums/topic/VGW/7503
First, awesome job on the regions. I went to Foreverland tonight, and realized I had been there many times before without knowing it was a VGW region!

My thoughts are this. The only major threat to expanding is that you are on the whim of the client. Outside of outstanding client service, there is no way to create real long lasting commitment (eg. committed contracts).

I will offer this. You've obviously managed well thus far and have created well managed wonderful regions. You appear to clientele well and build long lasting relationships. You are engaged and you care about the land business. You're obviously doing it right. So keep doing that.

On the flip side, you also know that clients are spending holiday money and we are in the traditional "ramp up to May" before the traditional slump.

So, here's what I would consider...

- Expand, but buy a clean region on the secondary market. If you search you'll probably be able to find one very very cheap. There's no reason to buy one from LL. The money saved can be used to buffer any future need to scale down.

- Start a reservation/waiting list if you haven't already. It will create anticipation in the client market and show you who is really serious about moving.

- Follow your strategy and consolidate/dump if it gets bad. The less you pay up front the better off you are if you have to dump.

- Consider the investment/dump costs when considering expansion. Do you think the clients will weather the summer? How many profitable months do you have to control the region before you cover the investment/realize a benefit?

- Keep as large of a capital cushion as possible. We both know in the land business today's win can easily become tomorrow's loss. You'll want that money on a rainy day.

Best of luck, and great job!

Ash

in topic News Story: VWG likes their investor's input by Ashleigh Wade ]]> Fri, 04 Jan 2013 18:05:36 -0800 http://slcapex.com/forums/topic/VGW/7503/38684 http://slcapex.com/forums/topic/VGW/7503
in topic News Story: VWG likes their investor's input by Tuvok Dingson ]]> Thu, 03 Jan 2013 08:20:54 -0800 http://slcapex.com/forums/topic/VGW/7503/38613 http://slcapex.com/forums/topic/VGW/7503
in topic News Story: VWG likes their investor's input by garryt62 Resident ]]> Thu, 03 Jan 2013 06:48:36 -0800 http://slcapex.com/forums/topic/VGW/7503/38608 http://slcapex.com/forums/topic/VGW/7503
As it is now, I have a little bit of demand for a themed Region where shops and business could go, but also a demand for residential zoned Regions.

One of our Regions is almost fully rented out to a sky box business. We are trying to get the few business left moving to a brand new Region to assure a healthy growth for the Sky box business.

In our Breedable / domestic Resident base i do get leads from others that want to lock in our Estate but there is no room.

We have two mixed / all purpose Region right now where residential / business mingle. Two themed country side Regions where most of the breedable community is located and a residential Region that is currently rented out private.

I am very interested to have some input from our Investors. Looking forward to see some replies before i start making a move.

in topic News Story: VWG likes their investor's input by Tuvok Dingson ]]> Thu, 03 Jan 2013 03:18:49 -0800 http://slcapex.com/forums/topic/VGW/7503/38602 http://slcapex.com/forums/topic/VGW/7503
We have had a pretty decent occupancy for quite some time now. Of course a luxurous position. VGW has come to a crossroad and likes your input as an investor.

I have had some current Residents on our Estate inquire for additional space and I am receiving additional referrals from our current Resident base. A very luxurous position, but due to our full occupancy I am starting to sell "no" and having to face potential new Residents seeking land elsewhere.

VGW as a company is therefore faced with a decision. "Are we going to invest in a new Region or will we try to maintain our current luxurious position?"

Investing in a new region will not be the problem as VGS has reserves. The challenge will lay in having to cope with an additional sim bill each month where as we know that it will take a considerable amount of time to lock in new and faithful new Residents. So if VGW is to invest in additional space our profits and cash flow will be affected for a while.

Doing nothing of course might seem a good strategy to generate maximum profit for a period, but in the long run will harm our reputation as we have to decline new Residents.

I would like to aks the investors in VGW to leave comments in VGW's forum section and participate in discussing weather to invest or not and try to create a new growth.

in topic News Story: VWG likes their investor's input by Tuvok Dingson ]]> Thu, 03 Jan 2013 03:04:52 -0800 http://slcapex.com/forums/topic/VGW/7503/38601 http://slcapex.com/forums/topic/VGW/5258 COST -355436
PROFIT 33588

DIVIDEND PAID OUT L$ 20'000

RETAINED PROFIT L$ 13'588

28-12-2012
Balance sheet 28th of december 2012 L$

Cash And Cash Equivalents 500.226
Accounts receivable
Deferred expenses 354.796

Current assets 855.022

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.123.837



Loan
Dividend payable

Total liabilities

Retained profit shareholders 92.131
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.123.837

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.123.837

The CEO holds currently 1'558'000 personal shares ( 77.9%)



in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Tue, 01 Jan 2013 10:33:21 -0800 http://slcapex.com/forums/topic/VGW/5258/38527 http://slcapex.com/forums/topic/VGW/7113
However much of the success is due to my wonderful Residents that rents land with us. Haven't it been for a loyal community it would not have happened.

in topic News Story: First year of VGW by Tuvok Dingson ]]> Sun, 16 Dec 2012 08:40:57 -0800 http://slcapex.com/forums/topic/VGW/7113/37792 http://slcapex.com/forums/topic/VGW/7113
All the best for the future!

LeaPatrizia Zemach
CEO of DMWA

in topic News Story: First year of VGW by LeaPatrizia Zemach ]]> Sun, 16 Dec 2012 08:16:49 -0800 http://slcapex.com/forums/topic/VGW/7113/37791 http://slcapex.com/forums/topic/VGW/7113
On behalf of Capital Exchange, I want to congratulate you on being listed with us for a year. In that year you have paid over L$300,000 in dividends to shareholders. It's because of companies like yours that have helped make Capital Exchange a great place to invest. Thanks again for being here, and I wish you success here in 2013 and beyond!

Skip

in topic News Story: First year of VGW by Skip Oceanlane ]]> Sun, 16 Dec 2012 08:00:40 -0800 http://slcapex.com/forums/topic/VGW/7113/37790 http://slcapex.com/forums/topic/VGW/5258 COST -368'946
PROFIT 36'110

DIVIDEND PAID OUT 27TH OF OCTOBER L$ 22'500

Added to retained profits L$ 13'610

November was a little slower after our booming October.

------------------------------------------------------

Balance sheet 28th of November 2012 L$

Cash And Cash Equivalents 486.638
Accounts receivable
Deferred expenses 354.796

Current assets 841.434

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.110.249



Loan
Dividend payable

Total liabilities

Retained profit shareholders 78.543
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.110.249

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.110.249




The CEO holds currently 1'550'000 personal shares ( 77.5%)
[

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sun, 16 Dec 2012 07:33:54 -0800 http://slcapex.com/forums/topic/VGW/5258/37789 http://slcapex.com/forums/topic/VGW/7113
I am very pleased to announce that VGW will near its first year of being a listed company on this Exchange. The IPO has been for the IPO investers a great investment. Some that have sold their shares recently have made over 125% of their investment back. Congratulations to those!

We would like to point out to investors that the current market condition for our company will be a challenging one throughout November, December and January. Those are the months where people stop to be in Second Life due to the season like Christmas and New Years Eve. This normally leads to lot more vacancies on our Estates. Although we have a loyal customer base, some will leave of have problems to pay their tier. This cannot be helped.

We still have a strong occupancy, but lands are not so easy occupied as last month. This will result in less operating margins for us.

We will try to retain a little more profit than usual to allow us to pay a steady dividend even in times where things will be slow for VGW. However: our minimum dividend payout will not be in danger.

Feel free to contact me in case of any questions and I wish everyone the very best as we head towards 2013!

Be prosperous,
Tuvok Dingson

in topic News Story: First year of VGW by Tuvok Dingson ]]> Sat, 10 Nov 2012 04:46:58 -0800 http://slcapex.com/forums/topic/VGW/7113/36710 http://slcapex.com/forums/topic/VGW/5258 COST -400606
PROFIT 56482

DIVIDEND PAID OUT 27TH OF OCTOBER L$ 30'000

SPECIAL COSTS THIS MONTH:
- WEBSITE ANNUAL HOSTING FEE L$ 31'850
- WEBSITE CHANGES PROGRAMMING L$ 12'600

Taken from retained profits - 17'968
------------------------------------------------------

Balance sheet 28th of October 2012 L$

Cash And Cash Equivalents 473.028
Accounts receivable
Deferred expenses 354.796

Current assets 827.824

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.096.639



Loan
Dividend payable

Total liabilities

Retained profit shareholders 64.933
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.096.639

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.096.639


The CEO holds currently 1'450'000 personal shares ( 72.5%)

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sun, 28 Oct 2012 04:34:21 -0700 http://slcapex.com/forums/topic/VGW/5258/36467 http://slcapex.com/forums/topic/VGW/7040
Skip

in topic VGW: Trading Resumed by Skip Oceanlane ]]> Sat, 27 Oct 2012 10:59:26 -0700 http://slcapex.com/forums/topic/VGW/7040/36455 http://slcapex.com/forums/topic/VGW/7038
...and this is why we have active trading halts in place, when someone makes a mistake like this. I'll try to contact the CEO about restarting trading.

SKip

in topic VGW: Temporary trading halt by Skip Oceanlane ]]> Sat, 27 Oct 2012 10:35:52 -0700 http://slcapex.com/forums/topic/VGW/7038/36447 http://slcapex.com/forums/topic/VGW/6986
Skip

in topic Company info and future by Skip Oceanlane ]]> Tue, 16 Oct 2012 07:09:48 -0700 http://slcapex.com/forums/topic/VGW/6986/36277 http://slcapex.com/forums/topic/VGW/6986
We are currently in the transition to Winter and December is heading towards us, the 22th of December 2012 marks for us the first full year of VGW listed on the CAPEX.

Much have happened since that day. The IPO has been tremendous successful, during a pretty challenging market we have been able to pay our IPO investors already an annual ROI of 10%. Estimates will be 12% to 15% ROI after the completion of our first year as listed company.

Our company is reaching a some what more mature status and during the time i have been updating our company information. Please read our latest update here:

http://www.slcapex.com/symbol/VGW/profile

If you as an investor have any questions regarding our company please contact me personally.

Be prosperous,
Tuvok Dingson

in topic Company info and future by Tuvok Dingson ]]> Tue, 16 Oct 2012 03:45:20 -0700 http://slcapex.com/forums/topic/VGW/6986/36273 http://slcapex.com/forums/topic/VGW/6943
Please note that our financial sections on the forum has been updated with our 3rd Quarter financial statement.

Key figures:

Earnings so far this year L$ 3'698'274
Profits so far this year L$ 292'976

Dividend paid out 2012 YTD L$ 210'075
Retained profit L$ 82'901 (buffer)

If you are / were an IPO investor your profits is already over 10% in just 9 months, congratulations.

Be prosperous,

Tuvok Dingson,
CEO VGW



in topic News Story: 3rd Quarter financials posted! by Tuvok Dingson ]]> Fri, 05 Oct 2012 07:59:19 -0700 http://slcapex.com/forums/topic/VGW/6943/36161 http://slcapex.com/forums/topic/VGW/5258
Herewith we post our Quarterly financial statement of the result over the third quarter of 2012.

Total Earnings third quarter 1'194'867
Total Expenses third quarter 1'080888

Total Profit 113'979

Paid dividend through April to June L$ 77'000

Recap from 1st of January 2012 to 30th of September 2012

Total Earnings 2012 YTD L$ 3'698'274
Total Expenses 2012 YTD L$ 3'405'298

Total Profit 2012 YTD L$ 292'976

Dividend paid out 2012 YTD L$ 210'075

Retained profit L$ 82'901

People who have bought into the IPO have had a dividend so far of L$ 0.1050 per share. We are still heading towards an Return of Investment over 13% a year!


Balance sheet 28th of September 2012 L$

Cash And Cash Equivalents 490.996
Accounts receivable
Deferred expenses 354.796

Current assets 845.792

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.114.607



Loan
Dividend payable

Total liabilities

Retained profit shareholders 82.901
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.114.607

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.114.607

The CEO holds currently 1'400'000 personal shares (70%)

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Fri, 05 Oct 2012 07:52:14 -0700 http://slcapex.com/forums/topic/VGW/5258/36160 http://slcapex.com/forums/topic/VGW/5258 COSTS -356226
PROFIT 47649

DIVIDEND PAID OUT 28TH OF SEPTEMBER L$ 30'000

RETAINED PROFIT AFTER DIVIDEND 17'649


Balance sheet 28th of September 2012 L$

Cash And Cash Equivalents 490.996
Accounts receivable
Deferred expenses 354.796

Current assets 845.792

Sims 5x 1.250.000
Buildings
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.114.607



Loan
Dividend payable

Total liabilities

Retained profit shareholders 82.901
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.114.607

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.114.607

The CEO holds currently 1'400'000 personal shares (70%)

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sun, 30 Sep 2012 11:25:16 -0700 http://slcapex.com/forums/topic/VGW/5258/36104 http://slcapex.com/forums/topic/VGW/6908
Let it be known to all stakeholders that the CEO of VGW has bought a portion of 13'000 shares off the market today to increase his personal holdings. VGW does not hold treasury shares at this point.

This buy is done AFTER the dividend payout to ensure that all investors did receive their dividend.

Tuvok Dingson,
CEO VGW.

in topic News Story: VGW Stakeholders announcement by Tuvok Dingson ]]> Fri, 28 Sep 2012 07:07:39 -0700 http://slcapex.com/forums/topic/VGW/6908/36072 http://slcapex.com/forums/topic/VGW/5258
EARNINGS 397136
COSTS (TIER) -358806
PROFIT 38330

DIVIDENDS PAID OUT 28TH OF AUGUST L4 27'500

RETAINED PROFIFT AFTER DIVIDEND L$10'830


Balance sheet 28th of August 2012 L$

Cash And Cash Equivalents 473.347
Accounts receivable -
Deferred expenses 354.796

Current assets 828.143

Sims 5x 1.250.000
Buildings -
Equipment 18.815

Tangible Assets 1.268.815

Goodwill Rebel Winds

TOTAL ASSETS 2.096.958



Loan -
Dividend payable -

Total liabilities -

Retained profit shareholders 65.252
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.096.958

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.096.958


in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sat, 08 Sep 2012 04:33:52 -0700 http://slcapex.com/forums/topic/VGW/5258/35914 http://slcapex.com/forums/topic/VGW/6801
People have been talking about summer slumps, also VGW has made it clear that the summertime is a rough time for land in Secondlife, that is why I want to make the following announcement.

Its been an excellent summer for us, given the the crisis and the normal summer slump for land. The summer exodus in July has not happened in the large scale as expected. The remaining unoccupied parcels have been filled during August.

Just one maybe two parcels are open at this time of the announcement, which is a very good sign that our investment has reached a level of maturity during this year and during our Listing on this Exchange. I speak of maturity when Residents stay on their lands for several months, and when word to mouth brings in new neighbors till a point where parcels that go empty are quickly occupied again even before we have to bring them back into the market. Oh yes, we do keep the boring disclamer, all is dependable on our occupancy rate, but we monitor that closely.

We know that we have been retaining some of the earned profit to be able to make it through the summertime. However, fair is fair, the Dividend for this month will be higher than last month, which will be the highest increase in Dividends since the beginning of VGW.

We have always believed our business to be good and a stable one where earnings and dividend payout could fluctuate between 0.015 and 0.02 L$ per share per month. We are very exited that we are nearing this excellent goal and to be honest very proud to be one of the listed companies on the Exchange to actually have had a great IPO, but also have been able to turn the IPO in a success for all our initial shareholders. Their trust in our IPO has paid off.

We will say it one last time, the price of our shares are at an incredible price right now and a very sound investment. Our retained profits give us the means to pay dividends the way we have done every month throughout the rest of the year. We do encourage small investors to step into our shares as we have and will keep our best interest in our shareholders.

Any investor that ever would like to step out of our investment at any time is always encouraged to start a P2P transaction with the CEO of VGW. Thats how good an investment VGW is we think!

Please enjoy the last week(s) we have of our summer and i wish all of you the very best for the upcoming fall and wintertime again and of course...be Prosperous.

Yours,

Tuvok Dingson, CEO VWG.

in topic News Story: VGW dividend forecast by Tuvok Dingson ]]> Sun, 26 Aug 2012 09:24:17 -0700 http://slcapex.com/forums/topic/VGW/6801/35760 http://slcapex.com/forums/topic/VGW/6656
I herewith present you the financial Statement of July.

I have taken the liberty this month to present a some what different balance sheet than i used to.

Key changes in this sheet is the revaluation and depreciation of the Equipment, property and realty. From now on the value of each sim is USD$ 1'000 per sim, which is L$ 250'000 per sim. It was my understanding that this is the way Sims are being valued in the SL Capex community.

On the other side we have decided to depreciate all buildings and other purchases done for the Estates to zero, except the current Tier system, our Hippo rent system.

Our Balance sheet is a clean sheet, always is, always have been, with no Intangible Assets or other nice features.

The balance sheet as per the end of July/ 1st of August will be:

Balance sheet 1st of August 2012 L$

Cash And Cash Equivalents 462.517
Accounts receivable -
Deferred expenses 354.796

Current assets 817.313

Sims 5x 1.250.000
Buildings -
Equipment 18.815

Tangible Assets 1.268.815


TOTAL ASSETS 2.086.128



Loan -
Dividend payable -

Total liabilities -

Retained profit shareholders 54.422
Equity Reserve 1.331.706
SLCAPEX paid in shareholder Equity 700.000

Total shareholder Equity 2.086.128

TOTAL LIABILITIES & SHAREHOLDERS EQUITY 2.086.128


As you can see our assets are 5 sims, enough reserves to depreciate the sims instantly and enough cash reserves to buy back all shares into treasury should that chance occur.

Now for our results of July:

Revenue 393856
Costs -365856
profits 28000

As stated on the 28th at the time of the Dividend payout, we paid out a special sponsorship amount to Booshies, a new breedable that will probably launch in the 4th Quarter of 2012. Without this special expense the profits would have been L$ 38'000 in July, which is a very good result during this summertime.

Be prosperous,

Tuvok Dingson, CEO VGW

in topic Financial report July by Tuvok Dingson ]]> Mon, 30 Jul 2012 09:59:55 -0700 http://slcapex.com/forums/topic/VGW/6656/35358 http://slcapex.com/forums/topic/VGW/6437
Please be notified that we have updated our financial section at the formum. Our monthly statemement and also our Quarterly statemement has been posted.

http://slcapex.com/forums/topic/VGW/5258

Few highlights this past half year:

- Earned a revenue of L$ 2'500'000!
- Invested in 2 new Regions and helped in buying Rebel Wind's Auction house.
- Partnered up to one of the largest breedable communities and auction house : Rebel Wind's, which gives our Estate some good exposure. Many new Residents that have locked in to our Estates are regular users from Rebel Wind's.
- Restructured the Estates and moved our Land Center to reduce overhead.

Throughout this first half of 2012 we have had a decent occupancy rate and managed to get our shareholders a fair Return on Investment.

We do encourage small investors to invest in our stock as we strive to keep paying a dividend of at least L$ 0.01 per month and more! The Stock price is currently around L$ 1.01, a great rate to step in and earn you some steady dividend. People who have held on to their shares will have an annual ROI of at least 12% this year. So grab a few shares before they get rare.

I wish you all a prosperous time!

All the best,
Tuvok Dingson, CEO VGW

in topic News Story: VGW post Quarterly financial Statement by Tuvok Dingson ]]> Sun, 01 Jul 2012 09:58:07 -0700 http://slcapex.com/forums/topic/VGW/6437/34665 http://slcapex.com/forums/topic/VGW/5258
Herewith we post our Quarterly financial statement of the result over the second quarter of 2012.

Total Earnings second quarter 1'240'229
Total Expenses second quarter 1'143'418

Total Profit 96'811

Paid dividend through April to June L$ 65'000

Recap from 1st of January 2012 to 30th of June 2012

Total Earnings 1st half year 2012 L$ 2'503'407
Total Expenses 2nd half year 2012 L$ 2'324'410

Total Profit first half year L$ 178'997

Dividend paid out 1st half year 132'575

Retained profit L$ 46'422

People who have bought into the IPO have had a dividend so far of L$ 0.066 per share. We are still heading towards an Return of Investment over 12 to 13% a year.

Balance sheet as per 30th of June 2012

Assets

Cash And Cash Equivalents
L$ 454'517


Short Term Investments
Prepaid Tier to Linden Lab $430.916

Net Receivables
Loan Tenants and persons in Arrears -


Total current Assets $885'433

Long Term Investments $-

Property Realty and equipment
Land and realty $ 956.531
Property and utilities $ 109.132


Total Assets $1.951'196

Liabilities

Total Liabilities $-


Shareholders Equity $ 1'904'674
Profits retained (Shareholders) $ 46'422

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1.951'196

The CEO owns 68.8% of all shares in VGW as per 30th of June 2012



in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sun, 01 Jul 2012 09:21:11 -0700 http://slcapex.com/forums/topic/VGW/5258/34664 http://slcapex.com/forums/topic/VGW/5258 Costs L$ -356'116

Profit L$ 39'976

Pretty the same result as in June, revenues slightly lower due to the summer slump, Costs slightly higher as we need to pay more directory fees and listings to get out parcels noted by the public.

Paid dividend JUNE L$ 25'000

Balance sheet will be provided in the quarterly financial statement.

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sun, 01 Jul 2012 09:13:21 -0700 http://slcapex.com/forums/topic/VGW/5258/34663 http://slcapex.com/forums/topic/VGW/5258 Costs L$ -355'546

Profit L$ 41'477

Paid dividend MAY 20'000

Balance sheet as per 31st of May 2012:

Assets

Cash And Cash Equivalents
L$ 439'531


Short Term Investments
Prepaid Tier to Linden Lab $430.916

Net Receivables
Loan Tenants and persons in Arrears -


Total current Assets $853.622

Long Term Investments $-

Property Realty and equipment
Land and realty $ 956.631
Property and utilities $ 109.132


Total Assets $1.936'120

Liabilities

Total Liabilities $-


Shareholders Equity $ 1'904'674
Profits retained (Shareholders) $31'466

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1.936'120

The CEO owns 68.5% of all shares in VGW as per 31st of May


in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sat, 02 Jun 2012 09:19:23 -0700 http://slcapex.com/forums/topic/VGW/5258/34189 http://slcapex.com/forums/topic/VGW/5258 Costs L$ -431756

Profit L$ 15'358

Paid Dividends APRIL 20'000

Balance sheet as per 30th of April 2012:

Assets

Cash And Cash Equivalents
L$ 418'064


Short Term Investments
Prepaid Tier to Linden Lab $430.916

Net Receivables
Loan Tenants and persons in Arrears -


Total current Assets $853.622

Long Term Investments $-

Property Realty and equipment
Land and realty $ 956.631
Property and utilities $ 109.132


Total Assets $1.914'643

Liabilities

Total Liabilities $-


Shareholders Equity $ 1'904'674
Profits retained (Shareholders) $9'969

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1.914.643

The CEO owns 68.1% of all shares in VGW as per 30th of April.

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sat, 12 May 2012 10:38:13 -0700 http://slcapex.com/forums/topic/VGW/5258/33604 http://slcapex.com/forums/topic/VGW/6007
We have been fortunate to have had a decent profit each month throughout the first quarter of 2012. If you have hold on to your shares from the start of the IPO you had a pay out 0.033 per share. Thank you to the people who bought our shares in the IPO for the trust in our company.

We have been able to make a few changes to our Estate, aquired 2 new full Regions and at the beginning of April we were able to move off Prim Pets to Rebel Winds' auctions, a great exposure for VGW's Land operating business. This last move will affect our Turnover in April, but will start to reduce our Tier costs considerable as per May and therefore we expect to see a growth in net profit as per May. All will of course depend on a decent occupancy rate.

Our financials have been posted on our forum. If you have any questions feel free to leave a post.

Be prosperous,
Tuvok Dingson, CEO VGW

in topic News Story: VGW posts quarterly financial statement by Tuvok Dingson ]]> Sun, 22 Apr 2012 04:01:13 -0700 http://slcapex.com/forums/topic/VGW/6007/32893 http://slcapex.com/forums/topic/VGW/5258
Herewith we post our Quarterly financial statement of the result over the first quarter of 2012.


Total Earnings first quarter 1263178
Total Expenses first quarter 1180992

Total Profit 82186

Paid dividend jan-march 67575

Retained profit first quarter 14611

We have been fortunate to have had a decent profit each month throughout the first quarter of 2012.

We have been able to make a few changes to our Estate, aquired 2 new full Regions and at the beginning of April we were able to move off Prim Pets to Rebel Winds' auctions, a great exposure for VGW's Land operating business.

If you have hold on to your shares from the start of the IPO you had a pay out 0.033 per share. Thank you to the people who bought our shares in the IPO for the trust in our company.

The second quarter will be again a challenging one for us. With Prim Pets moving to Rebel Winds and partnering with our Estate to Rebel Winds, we have to let go of one of our Regions. This will affect our Turnover in April, but will start to reduce our Tier costs considerable as per May.

Balance sheet as of 31st of March

Assets

Cash And Cash Equivalents
- T&K Creations Cash $70'350
- IPO HOLDINGS $352.356


Short Term Investments
Prepaid Tier to Linden Lab $430.916

Net Receivables
Loan Tenants and persons in Arrears -


Total current Assets $853.622

Long Term Investments $-

Property Realty and equipment
Land and realty $ 956.631
Property and utilities $ 109.132


Total Assets $1.919.285

Liabilities

Total Liabilities $-


Shareholders Equity $ 1'904'674
Profits retained (Shareholders) $14.611

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1.919.285

The CEO owns 68.1% of all shares in VGW as per 31st of March.




in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sun, 22 Apr 2012 01:44:02 -0700 http://slcapex.com/forums/topic/VGW/5258/32889 http://slcapex.com/forums/topic/VGW/5938
This tight ship looks set to sail!

in topic News Story: VGW's April's Update by Wenden Xeno ]]> Sun, 15 Apr 2012 13:44:21 -0700 http://slcapex.com/forums/topic/VGW/5938/32685 http://slcapex.com/forums/topic/VGW/5938
Draven Denver, Prim Pet's manager, MD of VGW with the cooperation of VWG has managed to buy the "Rebel Winds Auction and Market". This is THE leading market with 6 breedable auctions a day, with 20'000 to 30'000 genuine traffic each day!

It was a life time opportunity and we just had to rise to the occasion.

To keep things manageable, we have decided to move the Prim Pets business to Rebel winds. The land center of Virtual Groundworks will also move to Rebel Winds where we will have a tremendous exposure. This will give VGW's Land business a great new exposure and new Synergy.

With the mall and the Land Center moving to a new location we are letting go of the central sim to cut back on tier costs. We will have slight less revenue, but we expect that as of May it will have a positive effect on our Margin of Profit, as Prim Pets Mall did not cover for the Tier of an entire Sim till this date.

As we have let some of our investors sit on the edge of their seat with giving a profit warning last month, but still had our regular profit, we're not going to make the same mistake this month. However, Merging Prim Pets to Rebel Winds, might affect April's profit.

Please come take a visit to this new acquired business.
http://maps.secondlife.com/secondlife/Town/132/120/21 or contact me inworld and i'll pass you a Landmark.

Stay tuned and if you have any questions feel free to use our forum section.

Be prosperous,
Tuvok Dingson

in topic News Story: VGW's April's Update by Tuvok Dingson ]]> Sun, 15 Apr 2012 12:01:41 -0700 http://slcapex.com/forums/topic/VGW/5938/32680 http://slcapex.com/forums/topic/VGW/5258 Costs 430'916

Profits L$ 23'115

The costs consists of the Tier for the 6 Regions and some Linden for directory fees to get the parcels listed. There are no other costs deducted from the earnings.

We have been able to sustain the same level of revenue as last month.

We still have some vacancies on our Estate. Our profits are totally depended on occupancy rates.

A dividend of 20'000 has been posted to the shareholders, L$ 3'115 has been put forward to future pays.

Balance sheet as of 31st of March

Assets

Cash And Cash Equivalents
- T&K Creations Cash $70'350
- IPO HOLDINGS $352.356


Short Term Investments
Prepaid Tier to Linden Lab $430.916

Net Receivables
Loan Tenants and persons in Arrears -


Total current Assets $853.622

Long Term Investments $-

Property Realty and equipment
Land and realty $ 956.631
Property and utilities $ 109.132


Total Assets $1.919.285

Liabilities

Total Liabilities $-


Shareholders Equity $ 1'904'674
Profits retained (Shareholders) $14.611

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1.919.285

The CEO owns 68.1% of all shares in VGW as per 31st of March.

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sat, 31 Mar 2012 04:52:36 -0700 http://slcapex.com/forums/topic/VGW/5258/32207 http://slcapex.com/forums/topic/VGW/5757
in topic News Story: VGW March update by Tuvok Dingson ]]> Tue, 27 Mar 2012 00:46:07 -0700 http://slcapex.com/forums/topic/VGW/5757/32152 http://slcapex.com/forums/topic/VGW/5757
Troy

in topic News Story: VGW March update by Troy Tomasso ]]> Wed, 14 Mar 2012 17:13:40 -0700 http://slcapex.com/forums/topic/VGW/5757/31989 http://slcapex.com/forums/topic/VGW/5757
in topic News Story: VGW March update by Tuvok Dingson ]]> Wed, 14 Mar 2012 13:58:31 -0700 http://slcapex.com/forums/topic/VGW/5757/31987 http://slcapex.com/forums/topic/VGW/5757
Skip

in topic News Story: VGW March update by Skip Oceanlane ]]> Wed, 14 Mar 2012 13:48:11 -0700 http://slcapex.com/forums/topic/VGW/5757/31986 http://slcapex.com/forums/topic/VGW/5757
After our great success of influx on our new invested Regions on Foreverland, we have to report that this month seems a bit more difficult. We have a lower occupancy rate than last month, thus our projected revenues for March will be reasonable lower than in February. We hope to end March with a marginal profit, or at least break even.

We will pay our minimum Dividend as "strived" in our Dividend policy, which still will be L$ 0.01 per share. This Dividend will (partially or for the most part) be paid out from our retained profits.

Be prosperous,
Tuvok Dingson, CEO Virtual Groundworks

in topic News Story: VGW March update by Tuvok Dingson ]]> Wed, 14 Mar 2012 13:45:18 -0700 http://slcapex.com/forums/topic/VGW/5757/31985 http://slcapex.com/forums/topic/VGW/5702
in topic Financials by Tuvok Dingson ]]> Thu, 01 Mar 2012 23:43:59 -0800 http://slcapex.com/forums/topic/VGW/5702/31837 http://slcapex.com/forums/topic/VGW/5702
Skip

in topic Financials by Skip Oceanlane ]]> Thu, 01 Mar 2012 15:02:30 -0800 http://slcapex.com/forums/topic/VGW/5702/31833 http://slcapex.com/forums/topic/VGW/5702


in topic Financials by Wenden Xeno ]]> Thu, 01 Mar 2012 14:12:48 -0800 http://slcapex.com/forums/topic/VGW/5702/31832 http://slcapex.com/forums/topic/VGW/5702
Thank you for your comment. I am very aware of this, but for a good communication and to keep track of things I do it this way :-) i dont see harm in what I do unless I am not following Capex Regulations?

in topic Financials by Tuvok Dingson ]]> Thu, 01 Mar 2012 03:14:49 -0800 http://slcapex.com/forums/topic/VGW/5702/31827 http://slcapex.com/forums/topic/VGW/5702
Within your balance sheet you make a distinction between "CEO equity" and "shareholders equity". Same with retained profits.
However, the only thing determining who owns what in your company is the distribution of shares.
According to those numbers, you own 65.3% of the company, and thus 65.3% of the assets. The only way to change ownership percentages in the company is by destroying/buying/selling part of your shares (if that is what you want).
Shareholders equity = all of the equity (shareholders includes you)

kind regards,
Marishka

in topic Financials by Marishka Ixito ]]> Wed, 29 Feb 2012 18:43:09 -0800 http://slcapex.com/forums/topic/VGW/5702/31825 http://slcapex.com/forums/topic/VGW/5258
Revenue 454801
Costs -432226

Profit so far : 22'575

The costs consists of the Tier for the 6 Regions and about 1500 Linden for directory and add fees to get the parcels sold on Foreverland 3. There are no other costs deducted from the earnings.

We are very encouraged and we were very proud to be able to pay this month Dividend. We have just acquired the two new Regions last month and we are already nearing full occupancy.

There is no guarantee ever, but based on the occupancy rates and the occupancy of the Mall, we are hopeful that we will be able to generate more profit in March. BUT again, it will all be subject to occupancy.

Balance sheet as of 29st of February

Assets

Cash And Cash Equivalents
- T&K Creations Cash $67.235
- IPO HOLDINGS $352.356


Short Term Investments
Prepaid Tier to Linden Lab $430.916

Net Receivables
Loan Tenants and persons in Arrears -


Total current Assets $850.507

Long Term Investments $-

Property Realty and equipment
Land and realty $ 956.631
Property and utilities $ 109.132


Total Assets $1.916.170

Liabilities

Total Liabilities $-

Total Stockholder Equity
CEO Equity $577.000
Profits retained (personal Holding) $655.674
Shareholders Equity $672.000
Profits retained (Shareholders) $11.496

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1.916.170


in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Wed, 29 Feb 2012 10:52:41 -0800 http://slcapex.com/forums/topic/VGW/5258/31813 http://slcapex.com/forums/topic/VGW/5641
We have reached already the second half of February, time for another update on our Estate Group.

With the last month purchased Regiong Foreverland III and the take over of the exploitation of Prim Pets on Foreverland II. We are now proud to announce that the domestic country themed Regions Foreverland II and III have covered this month's bills, however the revenue of the "Prim Pets" mall and business cannot be determined as this time.

The "Prim Pets" Mall has a genuine high traffic, without any traffic gaming from bots or what so ever. The mall is being accepted by the community as one of the most various and colourful "your one stop to all breedables".

This week Prim Pets launched their auctions, which is bringing in more traffic and exposure to our bussiness. We have also been able to bring in creators of various smaller Breedables like "Ecogen", the sponsorig of the newly launched Seahorses. We are on the lookout for more activities and creators to bring in. The revenues are promising.

That said, the financial success is all based on occupancy. The profit of VGW will this month for the most part be of influence of the success of "Prim Pets" therefore we cannot give a projection of the Dividend over February this time. We strive to pay out the minimum forcasted Dividend like stated in our Dividend Policy.

We challenge you to come take a look at our venture and if you like a tour, just call us anytime!

Be prosperous,
Tuvok Dingson CEO VGW

in topic News Story: Mid February update VGW by Tuvok Dingson ]]> Fri, 17 Feb 2012 01:09:53 -0800 http://slcapex.com/forums/topic/VGW/5641/31555 http://slcapex.com/forums/topic/VGW/5258
We are pleased to inform you that we were able to pay out our January Dividend. To all investors again, thank you!

Our earnings this month: L$ 354'346
Our Tier fees to Linden Lab L$-310'930
Expenses L$ - 6920

Net Earnings L$ 36'496

The main expense we had this month was the fee for our Central Tier System we use. Fees to use this system for 6 months are included in the expenses (L$ 6'350). If we do not take this extra fee this month into consideration, we would have had over 42K net earnings.

we have paid out the Dividend of January which was L$ 25'000 the remaining L$ 11'496 has been retained and added to the shareholders Equity.

A few highlights of this month:

We have obtained two new Regions and full rights on the exploitation of the mall on Foreverland. Management of the mall has agreed to pass the exploitation rights. Then management of the mall has been bought out for the amount of one month of Tier on the Region. Revenues of the mall will be added to our next financial report over February.

We have been able to transfer the homestead Black Rose to some one else. This Region has become obsolete after we transferred the land center and business center to the same Region as the mall. Depreciation of this region has been booked off from the CEO's equity. We have retained all former earnings from 2008 till this date in order to take losses like depreciation and amortization. The new investments and equity is reflected in this new balance sheet as per the 31st of January.

Balance sheet as of 31st of January

Assets

Cash And Cash Equivalents
- T&K Creations Cash $130.932
- IPO HOLDINGS $352.356

Short Term Investments
Prepaid Tier to Linden Lab $354.796

Net Receivables
Loan persons in Arrears $4.900


Total current Assets $842.984

Long Term Investments $-

Property Realty and equipment
Land and realty $ 956.631
Property and utilities $ 109.132


Total Assets $1.908.647

Liabilities

Total Liabilities $-

Total Stockholder Equity
CEO Equity $577.000
Profits retained (personal Holding) $648.151
Shareholders Equity $672.000
Profits retained (Shareholders) $11.496

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1.908.647

Biggest changes to this balance sheet
- Amortization of Black Rose (Homestead)
- Investment in Regions Foreverland III, TreeSong and buying the exploitation of the mall

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sat, 28 Jan 2012 13:52:57 -0800 http://slcapex.com/forums/topic/VGW/5258/31182 http://slcapex.com/forums/topic/VGW/5483
We are very pleased to bring you another update on our Estates. Its a rather large update, but we would like to bring you as an investor up to speed on our progressions.

On the 6th of January we already informed you of our upcoming expansion and are now pleased to announce that we have successfully acquired another Region for our Foreverland Estates, Foreverland III and we have bought another Region called TreeSong , which is part of an Ice Hockey community called GOHA.

Foreverland Estates
------------------------
We have worked real hard this last week to shape up the new Region in a beautiful countryside theme and it is now open to new Residents that want to be part of the breedable community. Foreverland now contains 3 sims, 2 countryside sims and a central area with a land center/business center and the famous Prim-Pets mall. At this moment we are decorating the landcenter which is a showcase of all Regions we have at this moment including a gateway to our mall.

The Prim-Pets mall on Foreverland is looking promising, due to events to bring in Merchants. We would like to encourage you to come take a look at this breedable mall. This mall is recently reopened. This Sim – wide mall has about 30 pet shops, all fully rented, 20 stalls and 20 stands. In the near future we will start with pet auctions there and many more activities.

In order to maximize the use of the land (6 full prim regions and a homestead) we have decided to merge the central hub for the Prim-Pets and the Keahou Beach Estates. The main reason for this merge is to cut back on too much overhead with the use of two central hubs, it also combines the traffic on both the Landcenter and the Mall which will create a new synergy. We will let go of the Homestead and carry on our business on the six full prim Regions.

TreeSong
------------
TreeSong Is a Region that is situated up the east of our current Estates and we were able to take over this Region with existing Residents on it. We are also in the process of looking for new opportunities to bring in even more revenues for this new Region. As of today we have already managed to get a small margin on this Region with the current Residents on it and will count towards the total Revenue of VG. This was not a planned purchase, but a chance we could not let go by.

Forecast January
---------------------
Based on our Dividend Policy we are looking to pay out at least L$ 0.01 dividend per share and we will pay out the Dividend before the 1st of February.

Thank you all for your interest and if you still have not participated in our company, please consider buying your portion of shares, the price of the share is very attractive.

If you have any questions, please contact me inworld, we are happy to show you around on any of our Estates, or post a remark in our Forum.

All the best,
Tuvok Dingson
CEO Virtual Groundworks (VGW)

in topic News Story: Update and forecast VGW by Tuvok Dingson ]]> Fri, 20 Jan 2012 08:47:31 -0800 http://slcapex.com/forums/topic/VGW/5483/30992 http://slcapex.com/forums/topic/VGW/5397
After the successful IPO in December we have begun looking for opportunities to move forward with our expansion of the Estate. After several plans on the drawing board and a few weeks of planning, we finally have decided to move ahead with the expansion of our Estate.

We are in the process of negotiating the purchase of a new Sim and we are also trying to move a few of our existing sims and link them up to better serve the community we are privileged to work with.

We have decided to purchase only one full prim Sim for the time being and connect two of our existing Sims and lock them in the community we are trying to build. Due to the ongoing slump in the land business, we feel that this slow expansion is the wise thing to do.

Thank you for your attention and as soon as more new comes available we will communicate through the forums.

in topic News Story: Upcoming Expansion Virtual Groundworks by Tuvok Dingson ]]> Fri, 06 Jan 2012 08:50:45 -0800 http://slcapex.com/forums/topic/VGW/5397/30541 http://slcapex.com/forums/topic/VGW/5258
If there are any questions please contact me anytime.

Tuvok Dingson,
CEO

Report of December:

Revenues : $ 352'587
Expenses:
- Tier $ 310'930
- Misc $ 3'610

Total profit : L$ 38'047

This profit has been paid out as Dividend.

Our balance sheet as per 31st of December:

Assets

Cash And Cash Equivalents
- T&K Creations Cash $124'336
- IPO Holdings $672'000


Short Term Investments
Prepaid Tier to Linden Lab $310'930

Net Receivables
Loan Tenants and persons in Arrears $-


Total current Assets $435'266

Long Term Investments $-

Property Realty and equipment
- Sims Keauhou Estates , Foreverland $781'908 *
- Rezzers $1'750
- Security system, with hippo plugin $6'500
- Rental system, Hippo $1'095
- mail system (+ add on) $2'490
- Logo and web development, software $42'317
- Traffic Aid, Fishing Buoy $1'990
- Itan dance system ,various decoration, builds $48'000
- Tier system $4'990

Total equipment and Realty $891'040

Total Assets $1'998'306

Liabilities

Total Liabilities $-

Total Stockholder Equity
CEO equity $ 1'326'306
Shareholders Equity $ 672'000

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1'998'306

in topic Financial Reports - For CEO Posting Only by Tuvok Dingson ]]> Sat, 31 Dec 2011 15:34:34 -0800 http://slcapex.com/forums/topic/VGW/5258/30415 http://slcapex.com/forums/topic/VGW/5300
I am happy to report that the Initial Public Offering (IPO) of stock for Virtual Groundworks has sold out! Congratulations to VGW CEO Tuvok Dingson and his staff on a job well done.

Open trading has now started for VGW, and Market and Limit Orders may now be placed. Please allow a little time before trying to buy or sell shares of VGW until enough Limit Orders are placed into the system.

This IPO selling out in what is historically the slowest month for the stock exchange is extremely encouraging. My personal thanks to all those that have bought shares recently and made December fantastic so far. Happy trading!

Skip Oceanlane
CEO and Majority Shareholder
Capital Exchange
www.slcapex.com

in topic Virtual Groundworks (VGW) IPO Sold Out, Open Trading Started by Skip Oceanlane ]]> Thu, 22 Dec 2011 06:39:21 -0800 http://slcapex.com/forums/topic/VGW/5300/30227 http://slcapex.com/forums/topic/VGW/5298
That said, 32'000 shares still to buy. Get some today and perhaps we can get the IPO sold out before christmas.

Let me also use this moment to wish everyone a wonderful Christmas time and happy holidays.

Tuvok Dingson
CEO Virtual Groundworks (VGW)

in topic News Story: VGW almost sold out! by Tuvok Dingson ]]> Thu, 22 Dec 2011 01:47:12 -0800 http://slcapex.com/forums/topic/VGW/5298/30219 http://slcapex.com/forums/topic/VGW/5272
I am very grateful to see so many Investors having trust in Virtual Groundworks.

I would like to thank each and everyone who bought shares already and putting that much faith in us!

Thank you!

Tuvok

in topic Virtual Groundworks (VGW) IPO Has Started by Tuvok Dingson ]]> Sat, 17 Dec 2011 10:30:29 -0800 http://slcapex.com/forums/topic/VGW/5272/30116 http://slcapex.com/forums/topic/VGW/5272
Total Shares To Create 2,000,000
Shares To IPO 700,000
IPO Price: L$1.00
IPO Days: 30
Value of IPO: L$700,000

Note that the CEO has decided to drop the IPO Starting Price from L$1.25 per share to L$1.00.

To buy IPO shares for Virtual Groundworks (VGW), use this link:

http://slcapex.com/ipo

For more information on VGW, use this link:

http://slcapex.com/forums/browse/VGW

Any questions, contact Virtual Groundworks CEO Tuvok Dingson. Thank you and best of luck to Virtual Groundworks!

Skip Oceanlane
CEO and Majority Shareholder
Capital Exchange
www.slcapex.com

in topic Virtual Groundworks (VGW) IPO Has Started by Skip Oceanlane ]]> Fri, 16 Dec 2011 05:09:57 -0800 http://slcapex.com/forums/topic/VGW/5272/30104 http://slcapex.com/forums/topic/VGW/5266
I will be found inworld at the Capital Exchange Headquarters in person regularly or my (newly created) Virtualgroundworks Resident AV to answer all questions you might have.



in topic Virtual Groundworks (VGW) IPO Starts Friday, Dec 16, 5:00 AM SLT by Tuvok Dingson ]]> Thu, 15 Dec 2011 06:00:18 -0800 http://slcapex.com/forums/topic/VGW/5266/30087 http://slcapex.com/forums/topic/VGW/5266
Thanks Tuvok for entering Troy Tomasso's IPO Accelerator Program; 15% of the stock will be purchased in the first 24 hours of IPO, subject to availability, of course....

in topic Virtual Groundworks (VGW) IPO Starts Friday, Dec 16, 5:00 AM SLT by Troy Tomasso ]]> Thu, 15 Dec 2011 05:54:48 -0800 http://slcapex.com/forums/topic/VGW/5266/30086 http://slcapex.com/forums/topic/VGW/5267
Total Shares To Create 2,000,000
Shares To IPO 700,000
IPO Price: L$1.00
IPO Days: 30
Value of IPO: L$700,000

Any questions, contact Virtual Groundworks CEO Tuvok Dingson. Thank you.

Skip Oceanlane
CEO and Majority Shareholder
Capital Exchange
www.slcapex.com

in topic Lower IPO Price for Virtual Groundworks (VGW) by Skip Oceanlane ]]> Thu, 15 Dec 2011 05:44:52 -0800 http://slcapex.com/forums/topic/VGW/5267/30085 http://slcapex.com/forums/topic/VGW/5266
Total Shares To Create 2,000,000
Shares To IPO 700,000
IPO Price: L$1.00
IPO Days: 30
Value of IPO: L$700,000

Note that the CEO has decided to drop the IPO Starting Price from L$1.25 per share to L$1.00.

For more information on VGW, use this link:

http://slcapex.com/forums/browse/VGW

Any questions, contact Virtual Groundworks CEO Tuvok Dingson. Thank you and best of luck to Virtual Groundworks!

Skip Oceanlane
CEO and Majority Shareholder
Capital Exchange
www.slcapex.com

in topic Virtual Groundworks (VGW) IPO Starts Friday, Dec 16, 5:00 AM SLT by Skip Oceanlane ]]> Thu, 15 Dec 2011 05:37:27 -0800 http://slcapex.com/forums/topic/VGW/5266/30084 http://slcapex.com/forums/topic/VGW/5257
We are very proud and excited to hear about the news that the IPO Application has been Approved!

To all members of the approval commission and of course Skip, thank you on behalf of VG! We are in the works of getting the Offer on the market.

We are aware of the Christmas season, where this can be a tricky period to bring this Venture to the Exchange. Therefore we will try to get the IPO in motion as soon as possible. Please keep an eye on the Capital Exchange website for more news.

Again, on behalf of VG to everyone a big thank you, to all who made this important step forward possible. We do hope that you as an Investor will join this Adventure with us. There are some great things ahead of us and you will not be disappointed!

I will be Inworld the better part of 12 AM until 2 PM SL time for any questions you might have.

Tuvok

in topic Virtual Groundworks (VGW) IPO Application Approved! by Tuvok Dingson ]]> Wed, 14 Dec 2011 05:06:52 -0800 http://slcapex.com/forums/topic/VGW/5257/30050 http://slcapex.com/forums/topic/VGW/5257 http://slcapex.blogspot.com/2011/11/press-release-ipospo-accelerator-scheme.html
Negotiations are progressing, further details will be released soon.

Troy

in topic Virtual Groundworks (VGW) IPO Application Approved! by Troy Tomasso ]]> Tue, 13 Dec 2011 22:28:48 -0800 http://slcapex.com/forums/topic/VGW/5257/30044 http://slcapex.com/forums/topic/VGW/5258
in topic Financial Reports - For CEO Posting Only by Skip Oceanlane ]]> Tue, 13 Dec 2011 13:14:42 -0800 http://slcapex.com/forums/topic/VGW/5258/30037 http://slcapex.com/forums/topic/VGW/5257
I'm happy to report that the Capital Exchange Regulatory Commission (CERC) has approved the IPO Application for Virtual Groundworks (VGW). Congratulations to CEO Tuvok Dingson and everyone at Virtual Groundworks for joining Capital Exchange as a listed company. Now it's time to roll up your sleeves and sell out your IPO in the tough slow December holiday season :-)

I will be in contact with the CEO over the next few days about scheduling the start of the IPO, and give you all further information at that time. Even though the application has already been approved by the CERC, anyone that still wishes to comment on this application, please feel free to do so in the Virtual Groundworks Forums here:

http://slcapex.com/forums/browse/VGW

Thank you for being a part of Capital Exchange!

Skip Oceanlane
CEO and Majority Shareholder
Capital Exchange
www.slcapex.com

in topic Virtual Groundworks (VGW) IPO Application Approved! by Skip Oceanlane ]]> Tue, 13 Dec 2011 13:13:16 -0800 http://slcapex.com/forums/topic/VGW/5257/30036 http://slcapex.com/forums/topic/VGW/5234
At this point we already earn a decent profit and have already an existing Estate that started in 2008 and we are of the verge to expand, so there are some great things for us ahead! As an Investor, you will not invest in a startup of a company but you will only invest in the expansion of the Estate.

I am very pleased for the change to take our Company to the next phase in its development. Please have a look at our proposal and join us in this adventure.

If you have any questions, feel free to aks!

All the best,
Tuvok

in topic IPO Application - Virtual Groundworks (VGW) by Tuvok Dingson ]]> Sun, 11 Dec 2011 04:57:58 -0800 http://slcapex.com/forums/topic/VGW/5234/29979 http://slcapex.com/forums/topic/VGW/5234
I present to you the IPO Application for Virtual Groundworks (VGW). The application was submitted by CEO Tuvok Dingson, who has been in Second Life since 2006. Please take a moment to review the application, and feel free to comment in the newly created VGW Forum. The company seems to have proper valuation accordint to our rules, and according to the CEO is already profitable. Any questions, feel free to ask here or contact the CEO directly.

Please note that this application has not be approved yet. It is currently under review by the Capital Exchange Regulatory Commission (CERC). I will advise you of the applications' progress.

Best of luck to Virtual Groundworks (VGW)!

Skip Oceanlane
CEO and Majority Shareholder
Capital Exchange
www.slcapex.com

-----------------------------------

VGW Virtual Groundworks

Supplies your virtual needs!

Status: Primary - Being considered by primary review staff

Stock Symbol
VGW

Company Name
Virtual Groundworks

Company Tagline
Supplies your virtual needs!

CEO's Real Life Name
Stephan

CEO's Real Life Location
The Netherlands

CEO's Email
tuvokdingson@gmail.com

Company Avatar
Tuvok Dingson

Company Website
http://www.virtualgroundworks.com

SLURL
http://maps.secondlife.com/secondlife/Black%20Rose/101/150/865

In-World Region
Black Rose

Directors, Company Officers
Tuvok Dingson, CEO
Draven Denver, General manager
Kacey Rossini, Estate Manager

Total Shares To Create
2000000

Shares To IPO
700000

IPO Price
1.25

IPO Days
30

Cash On Hand
349600

Land Owned
327680

Tangible Assets
1600000.00

Starting Capitalization
2500000.00

Monthly Revenue
350000

Monthly Expenses
310000

Name for Chairman's Letter
Tuvok, CEO of Virtual Groundworks

Chairman's Letter
Dear Investor, I am pleased to Introduce myself. Inworld my name is Tuvok. I have been around in Second Life since 2006 and seen some amazing things happen in SL over the past few years. If you put your mind to it even the sky is not the limit in Second Life.

We have been starting renting out ever since in 2008 with my first 4'096 square parcel, slowly it grew slowly to a business with the usage of a 1/2 mainland SIM. After that we decided to move to a Private SIM and things took off from there. We have always invested every Linden Dollar back in our business and today I am proud to present you Virtual Groundworks. A company that basically holds 2 grouped Estates, spread over 5 SIMS and ready for a new expansion.

We thought it would be the right time, even in these uncertain times, to give you as an Investor the opportunity to participate in this new chapter of our adventure, or better: venture. What started as a hobby is now a serious Estate.

Rest assured: the last thing I would like to do is being another AV that runs away with hard earned money from Investors. As an Investor i am very well aware of how risks will be calculated. Land is a tricky business. Yes, however we are certain that if you read our proposal, you will find that this business opportunity is a great way to get a good Return on Investment with some extra built in safeguards for you as Investor.

We challenge you to read through our business plan, and join us to make great things happen with Virtual Groundworks. It will not be disappointing!

Yours sincerely,

Tuvok Dingson, CEO

Business Overview
It might be an old story, but a small hobby is growing towards a serious Estate with an emerging community.

What started with one single 4,096 square meter parcel on the mainland continent, has grown to a 5 sim Estate, soon to grow to 6 sims and in the eminent future even 9!

With or without the Venture Capital we will push through this plan for expansion. However we would like you as an Investor to take part into this adventure.

Business Strengths
We do operate in a tricky line of business.

Landlords come and go, much of our trust can be violated and the user base in Second Life is ever evolving. Nothing is certain. We managed to get this far and it has been a privellege!

The strength of our business can be described in 2 words.

Personal and Flexible.

We do not work with managers or staff. The board of directors operate the Estate. Every member dedicated to help every Resident personally. We do not just rent land, we try to provide a basic Virtual need in Second Life, a great user experience and a safe haven.

Yes we DO make house calls as we believe that being part of SL is more than running an Estate, its being a community.

We DO believe in personal contact and short lines and flexibilty towards our Residents. Where we can, we give our Residents more responsibility.

The sims are ALWAYS paid in full for a full month and the current Tier income is the buildup for next month sim payment. We also keep enough cash on the US Dollar account with SL as a buffer.

That means that if we see in a particular month a problem with one of our sims, we will act. We do not believe in holding on to dreams. If a sim is losing money and we cannot sustain it, we will act! In the worst case scenario we will then relocate Residents and shrink the business. Only this way we believe that we can survive in an ever emerging world so vast and changing as Second Life.

Use Of Capital
The extra capital will not be used for any other reason than expansion of the Estate. We are in need of another full prim sim.

There is also the plan on the drawing board to change two existing sims under our care to a full themed community that will need three extra sims as well.

Plans to start this up will be as soon as the holidays are over and demand on rentals in SL is up again.

- We will report when ever we make use of the Venture Capital.
- We will keep the raised money on deposit in the SLCapex until we actualy make the investment. We will then withdraw the money and convert the Linden Dollars to US dollars on the Lindex Exchange and those proceedings go directly to our US dollar balance. No Linden will be cashed out other than through dividend or a share buyback through the SLCapex.

Beneath you will find our financial Status as of the 1st of December.

Balance sheet as of 1st of December before listing
(all currency in Linden Dollars)

Assets

Cash And Cash Equivalents
- T&K Creations Cash $99.600



Short Term Investments
Prepaid Tier to Linden Lab $310.930

Net Receivables
Loan Tenants and persons in Arrears $-


Total current Assets $410.530

Long Term Investments $-

Property Realty and equipment
- Sims Keauhou Estates , Foreverland $781.908 *
- Rezzers $1.750
- Security system, with hippo plugin $6.500
- Rental system, Hippo $1.095
- mail system (+ add on) $2.490
- Logo and web development, software $42.317
- Traffic Aid, Fishing Buoy $1.990
- Itan dance system ,various decoration, builds $48.000
- Tier system $4.990

Total equipment and Realty $891.040

Total Assets $1.301.570

Liabilities

Total Liabilities $-

Total Stockholder Equity
Personal investment Dingson $ 577.000
Profits retained, Keauhou Beach, Estates $ 724.570

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1.301.570

* investment in Realty involves one grandfathered SIM.

Profits have been retained since 2008 in case of depreciation and amortization of the investments in our SIMS as the grandfathered status is not transferable anymore and the used market in SIMS in a slump.

Dividend Policy
We believe honesty and transparency is what every Investor seeks. So Let us be absolute blunt:

The Net earnings at this point are around 40,000 Linden Dollars a month. We do have a few expenses, but we try to keep that to a minimum. This is based on a full Estate as it is now. Yes we have a luxury problem, but nothing is certain.

We do not have staff. We do not see staff added to our company very soon as we believe that a happy settled Resident will not constantly call or take our time. When parcels are vacated and new Residents arrive there is always extra work, but we do not believe that we have to pay half our Dividend to staff members. Why should we? We rather work for some result and happy to share an honest portion of the pie.

We have ALWAYS added every earning to our buffer, just in case the market would crash, income would drop and to save for expansions. We do believe that this tactic has worked for us over the past 3 years in business. However, as we like to draw external venture Capital, and a return on Investment is one of the conditions, we will have to take the risk of giving out a large portion of the income as Dividend.

Here is the deal:

We pay half the net earnings every month out as Dividend. Yes 1/2 of it. The other half will be used to fill the buffers with Linden Lab, as the Tier bill will go up by 1,180 US Dollars per month alone! So we need to add 300,000 Linden Dollars extra to our buffers to play on the safe side. We will play open book and keep the investor informed about this Dividend Policy.

We will like to present the potential investor the following gesture:

It is our goal to pay a dividend per month of at least 0.01 per share throughout 2012, but of course because of Linden Lab's policy we cannot guarantee it. That would be roughly a ROI of 10% annually based on the IPO price.

As soon as Virtual Groundworks has enough financial buffers, and pay out our full earnings, we can easily pay out 0.02 per share and that gives the Investor already a 20% ROI annually, based on the original IPO price. We only have to increase the buffers incremental and based on how much US dollars Tier we have to pay to Linden Lab.

In return we ask you to buy shares that are slight higher priced than the usual one Linden shares. The reason for that is that we do forecast more Return on Investment than our primary goal . The second reason is that we, if allowed on CapEx, will put a buy back program in place in case the business will collapse for what ever reason. We consider this IPO a great opportunity to get a high return on investment but with a limited risk.

Raising the buffers and saving capital for future expansions will only lead to more dividend per share.

You as an investor, institutional or just a micro trader, are therefore challenged to buy this stock while we set it in the market for a very good price.

Risk Factors
If Linden Lab changes its policy towards private sim owners, changes its Tier pricing Plan or changes its business model Mainland Versus Private Sims we can be faced with a challenge. In case of Linden Lab pulling the "plug" we will have a serious problem, however with our financial buffer in place and if Linden Lab lets us have our prepayments back, we can start over some where else.

Last but not least!

I value my reputation! Therefore if allowed, we will place a buy back program to support the price of the shares and if for any reason the business will fold, I will buy back every share listed on the SLCapex for at least 1.00 Linden Dollar. Your investment will be safe. Period!

Management
Who are the board of directors who will try to work an a good return on investment? here under you will find a short introduction of each member.

Tuvok Dingson, The Sims are managed by an experienced SL Resident who has just turned 5 years and takes the role of CEO. A retired builder in nature. Still sporadically taking custom builds and selling some old buildings. A guy loving Second Life and breathing it. Enjoying Second Life in all its beauty and its vast and various types of Residents. In real life a CFO of a mid-sized private company and stewart and treasurer for some private, rich, investors.

Kacey Rossini, The Estate manager has gone through the motions also and is very handy with the estate tools, keeping the lag low to all our Residents and always has a smart solution for small problems that might arise. In real life a shop manager and very good with people.

Draven Denver, Owner of the Prim-Pets business, breedable pet expert and well known in the Amaretto Community, In SL for a few years now. In real life an entepreneur and formal owner of various small real life ventures and still is. A real community man and has that magic to turn any sim in a jewell.

Like said before, reputation is everything, therefore we will communicate openly to the investors and encourage any Investor to discuss any matters on the forums. Constructive critics is always appreciated.

in topic IPO Application - Virtual Groundworks (VGW) by Skip Oceanlane ]]> Sat, 10 Dec 2011 16:37:56 -0800 http://slcapex.com/forums/topic/VGW/5234/29975