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Current Time:
04:13:43 (GMT)

Last 24 Hours:

Volume:
3,503,819

Value Traded:
L$1,913,843.20

View Prospectus

General Details

Company: Von Mises Estate (VME)
Outstanding Shares: 10,124
Company Website:

Board of Directors

Chief Executive Officer: Nicholas Portocarrero
Operations Manager: Intlibber Brautigan
Non-Executive Director: Hinoserm Rebus

Prospectus

CEO's Real Life Name: Private
CEO's Real Life Location: Private

Cash on Hand: L$450,000.00
Land Owned: 65,000m2
Land Value: L$8.00/m2
Net Tangible Assets: L$970,000.00

Monthly Income: L$0.00
Monthly Expenses: L$0.00

Chairman's Letter

I would like to invite you to take part in Ginko Financial's new estate. The Von Mises estate will feature the Mises Tower, with a 100x100 meter footprint, standing the full build limit at 768 meters of height with 36 floors.

The sim will also be a key subway hub in Ancapistan, with an underground mall just outside the subway line.

It will be managed and protected by BNT.

It is located west of the upcoming Hope Capital Tower in Bastiat, only two sims away from the Hope Capital Center and the World Trade Center towers in Friedman.

It will also feature a memorial honoring many who fought for freedom, even at the cost of their lives.

I think this will prove to be a solid investment and is well worth being part of your investment portfolio.

Regards,
Nicholas Portocarrero

Business Overview

The tower will have a total of 144 rental units, each corresponding to a quarter floor. There will also be space for rent undergound. Renting these out is the core of the business.

We are considering possible additional income streams, such as advertising, renting space specificaly for ATMs and running our own businesses from the sim, such as a casino or merchadise store. We have not made any decisions in that area, so for now the business is rentals, nothing more.

Business Strategy

We will seek to keep a high occupancy rate, with both commercial and residential tenants in order to keep the sim alive. We will not expand business into new simulators, excess revenue will be invested back into the sim, kept as a reserve, or distributed to shareholders as dividends.

Business Strengths

TBA

Market Overview

TBA

Use of Capital

The capital will be used to:

- pay a debt of L$950,000.00 to Ginko Financial, which was used to finance the project
- boost our operating reserves by L$50,000.00

At the end of the IPO, VME will have no debt and hold L$500,000.00 in cash, L$450,000.00 of which is reserved for paying for construction.

Risk Factors

Aside from the general risk of Second Life colapsing, the main risk is that occupancy rates not reach the level required for profitable operation of the simulator.

Management

Nicholas Portocarrero has conducted business in Second LIfe since 7/13/2004 and is the CEO of the Von Mises Estate.

Day to day operations will be handled by BNT staff.



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