Jan 27th, 04:44 SLIB SLIB, SL International Business
by Tyrian Camilo

What is SLIB all about?

SL International Business began as a bank, SL Investor's Bank, and is undergoing a major reform after the banking policy announced by Linden Lab, Inc.

After the reform, SLIB is going to be a holdings and venture company, opening up new businesses and holding major stakes in the subsidiary companies, or companies which SLIB has assisted in making a reality.

Furthermore, SLIB is going to continue on offering mortgages as long as Linden Lab, Inc. allows such activity.

SLIB consists of:
- SLIB Real Estate (SLIBRE @ ACE)
- Mainostaulu Network (MAI @ WSE)
- Kauppa Stores (KAU @ ACE)

SLIB Real Estate and MAI both are highly valuable holdings, with SLIB Real Estate having approximately 250,000sqm of Mainland and 4 estates and MAI an major stock value of 2,900,000L$ when WSE was put on temporal close down. SLIB Real Estate mainland sales record profits can reach upto over 74,000L$ in a 24hour period. The more average day turns in profit of over 15,000L$ each day. That's only the mainland sales operation, which is around 190,000sqm of our mainland holdings.

MAI earns a profit of approximately 6 to 1 (Revenue VS. Costs) while SLIB Real Estate has more major scale and makes approximately 2.5 to 1 in average. Both has been up and running for quite some time now.

KAU is the newest addition, and is very small scale, but so far, has proofen that it can be highly profitable company when scaled up.

As a investor's a great detail to know is that we have a plan on doing steady buy backs, as part of our bank client reimbursement plan. We have made a promise to buy back to atleast 75% ownership of the company. Personal holdings of Tyrian Camilo will be adjusted so that a maximum of 25% ownership is maintained after IPO.

Furthermore, as part of the reimbursement plan, a lot of shares will be allocated on that. Not all preferred to take SLIB shares, so it will not consist of the full 10.8Mil we have in client funds. Likely it will consist around 6-7mil. Making only a very small portion to be actually buyable from the IPO itself. This process is estimated to end by 5th of Feb, and likely, IPO will end the same day as well.

As for dividends, there's a chance we will do some dividends even in the first 3months being listed, during the buyback period. After buyback period, there might be higher emphasis on dividends.

Capital gained from IPO will either go as an 'cash injection' to one of the subsidiaries, emergency fund or will be retained for a buyback later on. We will also try to maintain share price, if it drops too low.