All posts by Clintovius Trotter
| Mar 7th, 20:05 Clintovius Trotter |
Kush Islands Public Forum » Official Weekly Update - For CEO Posting Only Re: Official Weekly Update - For CEO Posting Only |
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| 3/7 - Things are going nicely. Occupancy is back on the increase - moving from the 94% posted in the financial report to 96.5% |
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| Mar 15th, 04:46 Clintovius Trotter |
Kush Islands Public Forum » Monthly Financial Reports Re: Monthly Financial Reports |
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| Income Period: 2/15/08 - 3/14/08 Revenue: L$709,000 Expense: L$530,000 Net Income: L$179,000 (Retained Earnings: L$77,000) ----- Assets Date: 3/15/08 Cash: L$256,000 Inventory: L$70,000 Investment: L$75,000 No Liabilities |
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| Mar 15th, 12:59 Clintovius Trotter |
Kush Islands Public Forum » Official Weekly Update - For CEO Posting Only Re: Official Weekly Update - For CEO Posting Only |
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| 3/15 - Monthly financials posted and dividend paid. |
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| Apr 11th, 18:49 Clintovius Trotter |
Kush Islands Public Forum » Monthly Financial Reports Monthly Financials: March 15 - April 10 |
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| ----------------------- Income Statement ----------------------- Tier Revenue: L$572,000 Tier Expense: L$423,000 ----------------------- Net Income: L$149,000 ----------------------- Balance Sheet ----------------------- Cash: L$360,000 Inventory: L$61,000 Investments: L$75,000 ----------------------- Total Assets: L$496,000 Dividend Payable: L$60,000 ----------------------- Total Liabilities: L$60,000 ----------------------- Notes ----------------------- -Tier expense was calculated as a fraction of a full month's tier, based on 26 days. -Inventory includes 30,720 sq. m. of reclaimed land, valued at L$2 per sq. m. -Investments includes 512 sq. m. of mainland in Shermerville NW, valued at historical cost. -L$60,000 dividend payable April 13, 2008. |
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| Apr 11th, 19:05 Clintovius Trotter |
Kush Islands Public Forum » Official Weekly Update - For CEO Posting Only Re: Official Weekly Update - For CEO Posting Only |
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| This month's financials are out. We are, as usual, robust! Kush Islands closes out a short month (due to SLCAPEX reporting requirements) with a net income of $L149K. Total assets, including cash on hand, inventory and investments total $L496K. Kush Islands is pleased to report a total dividend of $L60K to be paid on Sunday, April 13. Our patience and conservative business model has once again paid off. Kush Islands stands even more competitive as we are poised to take full advantage of the new $1000us price for private islands. We are strongly considering adding yet another sim to our inventory within the coming week! |
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| Apr 13th, 10:36 Clintovius Trotter |
Kush Islands Public Forum » Kush Islands Land Sale Kush Islands Land Sale |
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| In an effort to maximize our occupancy and set the stage for the acquisition of yet another sim, we are selling land at tier only ... That's right ... FREE LAND!! TIER ONLY!! Purchase price is actually the first month's tier! Get it while it's hot! Kush 1: http://slurl.com/secondlife/Kush/159/22/22 http://slurl.com/secondlife/Kush/233/77/22 http://slurl.com/secondlife/Kush/95/162/22 http://slurl.com/secondlife/Kush/87/219/23 ********************************** Kush 2: http://slurl.com/secondlife/Kush%20II/226/31/22 http://slurl.com/secondlife/Kush%20II/235/91/23 ********************************** Kush 3: http://slurl.com/secondlife/Kush%20III/161/95/22 http://slurl.com/secondlife/Kush%20III/19/105/22 Contact Clintovius Trotter or ice ryba for further details. |
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| May 7th, 19:45 Clintovius Trotter |
Kush Islands Public Forum » Another Kush Islands Land Sale Another Kush Islands Land Sale |
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| We are set to order 2 new sims and need to maximize occupancy in our existing islands. A large land holder in Kush II has moved on to his own sim. So, we are offering land in Kush I, II & III at a huge discount. These 4096 m2 parcels are priced at $7500 - which includes the first month's tier! Contact Clintovius Trotter - or visit the slurls below. Kush 1: http://slurl.com/secondlife/Kush/159/22/22 ********************************** Kush 2: http://slurl.com/secondlife/Kush%20II/231/221/22 http://slurl.com/secondlife/Kush%20II/98/156/21 http://slurl.com/secondlife/Kush%20II/231/221/22 http://slurl.com/secondlife/Kush%20II/231/221/22 http://slurl.com/secondlife/Kush%20II/235/91/23 http://slurl.com/secondlife/Kush%20II/226/31/22 ********************************** Kush 3: http://slurl.com/secondlife/Kush%20III/229/27/22 |
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| May 11th, 15:08 Clintovius Trotter |
Kush Islands Public Forum » Monthly Financial Reports Monthly Financials: April 11 to May 10 Edited by moderator May 11th, 20:34 |
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| ----------------------- Income Statement ----------------------- Tier Revenue: L$582,000 Tier Expense: L$488,000 ----------------------- Net Income: L$94,000 ----------------------- Balance Sheet ----------------------- Cash: L$119,000 Inventory: L$603,000 Investments: L$75,000 ----------------------- Total Assets: L$797,000 Dividend Payable: L$40,000 Notes Payable: L$275,000 ----------------------- Total Liabilities: L$315,000 ----------------------- Notes ----------------------- -Tier expense is based on 5 full sims and 4 openspace sims, at L$275:US$1. -Inventory includes Kush Bay and Kush Cove (new islands) and 26,642 sq. m. of reclaimed land. -Investments includes 512 sq. m. of mainland in Shermerville NW, at historical cost. -L$40,000 dividend payable May 11, 2008. |
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| May 12th, 18:35 Clintovius Trotter |
Kush Islands Public Forum » Prospectus (April 2007) Prospectus (April 2007 - updated) Edited by moderator May 12th, 18:41 |
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| Chairman's Letter ------------------------------------- Dear Prospective Shareholder, Thank you for your interest in our company. We invite you to learn more about Kush Islands and about the value of being a Kush Islands shareholder. Kush Islands' principal asset is the Kush estate. Kush is a collection of private island sims that offer attractive landowning options for Second Life residents. Each island generates a steady revenue stream and healthy profit margin. We believe that making a public offering will allow us to raise capital for further expansion. In return, we intend to create real value for shareholders. Part of our profit will be reinvested in expanding and developing our core business, and part of our profit will be given to shareholders in the form of regular dividend payments and share buybacks. We welcome your questions. And we invite you to visit any of the Kush Islands to see our business firsthand and meet our satisfied customers. Thank you for your interest in Kush Islands! Rockwell Ginsberg Chairman, Kush Islands Business Overview ------------------------------------- Kush Islands' core business involves owning and managing the Kush estate. The Kush estate is a collection of islands that offer attractive landowning options for Second Life residents. (As of May 2008, islands include: Kush, Kush II, Kush III, Kush Bay, Kush City, Kush Cove, Kush Keys, Kush Ocean, Kush Reef, Kush Reef North, Kush Reef South) Business Strategy ------------------------------------- Kush offers Second Life residents a superior land owning experience. Waterfront white sand beaches can be found on every lot in Kush. The land is sold to residents upfront (they can later resell it themselves) and tier is collected monthly. This is the core business model. It yields a steady revenue stream for the company, and offers significant value for residents of our sims. Excellent customer service is an essential part of our strategy. We continue to focus on our core competencies while surveying the Second Life landscape for new opportunities. Business Strengths ------------------------------------- Kush Islands' strengths include a proven and reliable business model, a commitment to superior customer service, and a quality product. This combination of factors has given Kush significant brand equity in the estate land market. Market Overview ------------------------------------- We operate in the estate land market. There are many competitors in this market, all with slightly different offerings. We are confident that we have found a successful business model that offers both an attractive profit margin for the company and significant value for the customer. Our commitment to customer satisfaction, our fair pricing, and our brand equity put us one step above the competition. Use of Capital ------------------------------------- Kush Islands will use the capital raised in the IPO to fund an expansion of our business. This will initially consist of adding new sims to the estate. We feel it is important to strengthen our core business (estate sales and management) while also looking for new opportunities. We eventually intend to diversify Kush Islands by tapping new revenue streams and business models. Risk Factors ------------------------------------- We believe the estate market is attractive in its risk/return profile compared with mainland trading. Mainland prices are too volatile to produce a reliable revenue stream. Estate sales and management yield a much more predictable cash flow. Management Team ------------------------------------- Clintovius Trotter Chief Executive Officer Rockwell Ginsberg Chairman, Founder Dexter Tones Executive Vice President Itchy Gamba General Counsel |
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| May 14th, 20:09 Clintovius Trotter |
Kush Islands Public Forum » Kush Islands Opens 2 New Sims Kush Islands Opens 2 New Sims |
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| Kush Islands is pleased to announce the opening of two new Class 5 sims: Kush Bay http://slurl.com/secondlife/Kush%20Bay/120/94/39 ... and ... Kush Cove http://slurl.com/secondlife/Kush%20Cove/128/126/43 *** First two weeks tier free *** NO PREMIUM ACCOUNT REQUIRED Kush Islands is a tropical island estate company offering commercial and residential land for Second Life residents looking for an island sim without the lag and congestion of the mainland at affordable prices and more flexible tier structure. Kush Cove and Kush Bay are mixed commercial/residential. For more informaiton, contact Clintovius Trotter or Rockwell Ginsberg |
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