Jan 28th, 16:24 SLIB SLIB, SL International Business
by Tyrian Camilo

What is SLIB stock and it's IPO about?

I felt the need to express that this is no 2nd Ginko, or other kind of dishonest scheme. Unfortunately, the bad mouthing crow is usually many many times louder than the folks acting in good faith or good will.

SLIB is in IPO phase primarily because we cannot let hit it the trading floor, BEFORE claims processing ends, around 5th of February.

Secondly, IPO is good for those who want to ensure minimum level of buy-in cost, we still do not know what the share price will be after we hit the trading floor, only hitting the trading floor will tell us.

I would expect an initial sharp drop, and relatively slower climb back to up, simply because, we have the asset backing already.

IPO is not about raising money, merely a convenient way of going through the reform.

After SLIB reformation is done, shareholders & investors will have highest saying as i will hold a maximum of 25% of SLIB after reformation is complete. If majority of shareholders vote me down from CEO position, and appoints a new one, i'll gladly pass over the keys and submit to LL to transfer my SL avatars ownership to the new CEO.

I'm open to any investment, financials, corporate governance etc. questions any time, so just send an IM!

Also, i would like to point out that as soon as we hit the trading floor, i will be placing limit buy orders with the limited capital available at the time to ensure a minimum price. We have during the first 2 weeks of February most of our monthly costs due, total of about 525,000L$ needed to pay in tiers alone, our cash reserve right now is 312,000L$, and we increased our mainland holdings by 30,000sqm 1½ weeks back.

By 5th of Feb, we should have an "excess" cash reserve of around 150,000 to 200,000L$ which can be used for buy backs, or business growth.

Best Regards,
Tyrian Camilo