GMC: Gold Mountain Capital
Standing Strong for the Investor
|Total shares: 3,291,208|
Company Tagline: Standing strong for the investor
CEO's RL/SL Name: Alexander Michael Callender (SL:Legolas Delgado)
CEO's Real Life Location: Pittsburgh, PA
CEO's Email: firstname.lastname@example.org
Company Avatar: GoldMountainCapital Resident
Company Website: N/A
SLURL: Crystal Springs
Directors, Company Officers
Legolas Delgado - Fund Manager
Board of Directors
Kafka Frugal - Majority Shareholder and Board Member
Cecil Niosaki - Board Member
Skylos Resident - Board Member
Cash On Hand: 1
Land Owned: 1
Tangible Assets: 1
Monthly Revenue: 1
Monthly Expenses: 1An invitation to success.: My name is Legolas Delgado. I have been involved in the Second Life investing community since before the World Stock Exchange even existed. I still have notecards for the first companies listed on the WSE, including two that are listed here today on this exchange, LLL (now LLC) and FED. I ran a company called Karfledt & Delgado Capital. That company was listed on this very exchange and turned a profit for investors. However that company was never able to reach full potential because the CEO of the exchange at the time forced me to create extra shares for myself. The 51% was created so I would never lose control of the company. All I wanted to do was be the manager of the fund to help leverage investments and grow the community. That was not possible then, but it is possible now. The new rules of this exchange do not force a CEO to create fake shares to achieve 51% ownership. This simple fact allows me to create the true capital fund that I wanted to create 4 year ago.
I am inviting you to invest in Gold Mountain Capital so that I can use my understanding of the in’s and out’s of this exchange and Second Life to make you L$
Gold Mountain Capital will work in three different ways.
First, the company will select from the few companies on the exchange that are worth owning and invest in them, not only invest in them but take long term positions to collect dividends. The company will not only hold long term positions, but will day trade them as well. Also maximize the arbitrage situation that arises from IPOs. Years ago I didn’t have access to the internet 24/7. Now I do, I can make changes to market orders at anytime, anywhere. This allows me to maximize my level of trading for the company.
Second, the company will always have a buy order of L$50,000 at 90% of the current net asset value (NAV) rounded down to the nearest .01. In the event that on Sunday the fund holds any shares of itself. The fund will sell treasury shares at NAV value to allow easy access for new investors. Treasury shares will not be counted for the NAV, they will simply not be a part of the asset or the divisor side of the equation. This will stop the artificial inflation of share value. Because Gold Mountain Capital is constantly buying back shares at NAV, there will be no dividend. The company will retain all earnings and use those to grow. If an investor wants to realize profits, all they have to do is sell their shares.
Third, we will use the shares owned to offer options to individuals looking for a savvy way to invest. More details on this to come, but for now considering other companies are trying to develop their own options method information will be withheld.
Gold Mountain Capital will not have an in world office, or spend any of it’s money on land, advertisements, or frivols junk. There is no need to create an unneeded expense. The only expense to the company will be the 6% management fee I will take for running the fund. My fee will be based off of profit only, and will be calculated at the end of the month based on the profit derived from stocks, be it selling for a gain, or dividends. This will insure that my interests are tied to that of the investors. If the company is not growing, then I am not getting paid. Keep in mind I have no shares except the shares that I buy through IPO.
Unlike with many other companies, I do not start off with 51% of the voting block to make it impossible for shareholders to stop me from pushing my ideas through. This means votes will count in the fund. Every three months from the date of IPO close a vote will be held by investors. If they do not like my way of running the company, they can vote a new fund manager into position. Since the money will only be invested and held in the CapEx account of the fund alt GoldMountainCapital. I would simply have to transfer the account over to the new fund manager should the need come.
I have many connections through the SL business community. Connections that will help me choose good investments for the company. I am very good with calculations and understanding trends, however this is not always good enough so that is where SL connections can help pick up the slack. Financial reports cannot show you what is happening now. But talking to people and getting a "feel" of the market will show you the next "big thing".
The fund will always allow for exit at NAV.
What does this mean?
Instead of having to worry about not being able to sell out of the fund for a "fair price", any investor will be able to sell their shares at current net asset value, what they are truely worth.
Use Of Capital
Invest in companies on CapEx, long term and short term.
Rebuy shares at NAV to create liquidity, and resell them at 15% higher than NAV to create room for day traders.
Use shares to sell options to create another stream of income.
A tenative break down of the capital would be.
Long term investments 50% of L$ raised
Day Trading 30% of L$ raised
NAV buy backs. 5% of L$ raised (Variable min L$50,000)
Liquid L$ 15% of L$ raised
No dividend, all money is retained for growth.
Second Life goes under.
CapEx goes under.
Investments go under.
Investing in any aspect is a risk, but that is the nature of the game. I will not give projections on how well I will do. But I will say that over the years, I have come out positive in the Second Life investment world.
Legolas Delgado - Fund Manager