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All posts by Rockwell Ginsberg

Mar 1st, 14:28
Rockwell Ginsberg 		Kush Islands Public Forum » prospectus?
Re: prospectus?
Dividend History

04/15/07
Total: 200,000L
Per Share: 0.100L

04/25/07
Total: 100,000L
Per Share: 0.050L

05/15/07
Total: 150,000L
Per Share: 0.075L

06/15/07
Total: 150,000L
Per Share: 0.075L

07/15/07
Total: 150,000L
Per Share: 0.075L

08/15/07
Total: 420,000L
Per Share: 0.210L

09/15/07
Total: 206,533L
Per Share: 0.103L

10/16/07
Total: 48,779L
Per Share: 0.024L

11/15/07
Total: 83,848L
Per Share: 0.042L

12/15/07
Total: 109,016L
Per Share: 0.055L
Mar 1st, 14:31
Rockwell Ginsberg 		Kush Islands Public Forum » prospectus?
Re: prospectus?
Hi

We will get the prospectus and financials posted shortly through official channels. We will also provide an update on operations, monthly outlook, upcoming dividends, and more.

Thank you to the SL Capital Exchange staff for helping us make the transition as smooth as possible.

-Rockwell
Mar 13th, 09:52
Rockwell Ginsberg 		Kush Islands Public Forum » Monthly Financial Reports
Re: Monthly Financial Reports
Hi Spm - our monthly reporting periods always end on the 14th of the month, and we generally post the financials/dividends on the 15th. Keep an eye out for them in the next few days! Thanks
Mar 16th, 07:46
Rockwell Ginsberg 		Kush Islands Public Forum » HOT NAV
Re: HOT NAV
Historical Financials:
-------------------------

15 Aug 2007 to 15 Sep 2007

Report Posted: September 25, 2007
Period From: August 15, 2007
Period To: September 15, 2007
Covering: 31 days

Revenue: L$531033.00
Expenditure: L$324500.00
Earnings: L$206533.00
CAPEX: L$0.00
Land Owned: sqm.
Land Value: L$0.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$0.00
Cash on Hand: L$0.00
Investments: L$0.00
Debtors: L$0.00
Liabilities: L$0.00

-----

16 Sep 2007 to 15 Oct 2007

Report Posted: October 18, 2007
Period From: September 16, 2007
Period To: October 15, 2007
Covering: 29 days

Revenue: L$519616.00
Expenditure: L$324500.00
Earnings: L$195116.00
CAPEX: L$460625.00
Land Owned: 327680.0 sqm.
Land Value: L$4.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$195000.00
Cash on Hand: L$500000.00
Investments: L$0.00
Debtors: L$0.00
Liabilities: L$318894.00

-----

16 Oct 2007 to 14 Nov 2007

Report Posted: November 15, 2007
Period From: October 16, 2007
Period To: November 14, 2007
Covering: 29 days

Revenue: L$841489.00
Expenditure: L$506095.00
Earnings: L$335394.00
CAPEX: L$0.00
Land Owned: 327680.0 sqm.
Land Value: L$6.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$0.00
Cash on Hand: L$500000.00
Investments: L$0.00
Debtors: L$0.00
Liabilities: L$78334.00

-----

15 Nov 2007 to 14 Dec 2007

Report Posted: December 15, 2007
Period From: November 15, 2007
Period To: December 14, 2007
Covering: 29 days

Revenue: L$654245.00
Expenditure: L$433421.00
Earnings: L$220824.00
CAPEX: L$0.00
Land Owned: 589824.0 sqm.
Land Value: L$4.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$0.00
Cash on Hand: L$0.00
Investments: L$0.00
Debtors: L$0.00
Liabilities: L$0.00

-----

15 Dec 2007 to 14 Jan 2008

Report Posted: January 15, 2008
Period From: December 15, 2007
Period To: January 14, 2008
Covering: 30 days

Revenue: L$769539.00
Expenditure: L$493432.00
Earnings: L$276107.00
CAPEX: L$0.00
Land Owned: 589824.0 sqm.
Land Value: L$5.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$0.00
Cash on Hand: L$276107.00
Investments: L$0.00
Debtors: L$0.00
Liabilities: L$112346.00

-----

15 Jan 2008 to 14 Feb 2008

Report Posted: February 16, 2008
Period From: January 15, 2008
Period To: February 14, 2008
Covering: 30 days

Revenue: L$648499.00
Expenditure: L$491192.00
Earnings: L$157307.00
CAPEX: L$0.00
Land Owned: 589824.0 sqm.
Land Value: L$4.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$0.00
Cash on Hand: L$177042.00
Investments: L$74999.00
Debtors: L$0.00
Liabilities: L$0.00
Mar 16th, 07:49
Rockwell Ginsberg 		Kush Islands Public Forum » HOT NAV
Re: HOT NAV
We decided to stop reporting "Land Owned" (total area of our islands - an item on the WSE reporting tool), and start reporting "Inventory" (actual land in our possession, at fair market value). We believe this method of reporting is more conservative and better reflects our business model. Let us know if you have any further questions.

Thanks
May 7th, 14:29
Rockwell Ginsberg 		Kush Islands Public Forum » HOT stays HOT ! Agressive Buy
Re: HOT stays HOT ! Agressive Buy
Perhaps people are overreacting to the shares I sold recently. I didn't want to make an official comment on these sales in the SLR article (http://sl-virtual-world-news.com/index.php/News/Stock-Market/Capex-Update-15th-April-2nd-May-2008.html). But since this tight lip strategy may have contributed to the price decline, I will tell you now that the sales were primarily driven by my need to raise capital to help fund Kush Islands' growth.

We are looking to add TWO new islands to the estate in the coming days. These plans have been delayed because Clintovius needed to get his Lindex limit raised, but now we are all set as of this afternoon.

If you've followed really closely, you've seen that I have most recently BOUGHT shares, because the price was simply TOO LOW in the low 1s.

When I look at other land companies traded on SLCX (they shall remain nameless), I am stunned by their valuations. Companies with 2 islands trading with a higher market cap than Kush Islands. Does not make sense to me, but I guess SLCX is not a perfectly efficient market (are any markets perfectly efficient... debate for another time).

The price decline may also be a reflection of the current state of the land market. But it is important to keep in mind that we do not rent land, we sell land to residents, so we are more insulated from land value declines than other companies out there.

Bottom line: we're not going anywhere, we've been around for over a year as a publicly traded virtual company, we have great occupancy rates, and we're going to announce the month's financials and dividend in the coming days. Stay tuned.
Jul 8th, 14:11
Rockwell Ginsberg 		Kush Islands Public Forum » Shareprize
Re: Shareprize
I am sorry that it has come to this. Clintovius is a responsible, diligent, and honest individual, and it is unfortunate that his RL circumstances have kept him from making Kush Islands shine as I know he is capable of doing.

As I see it, the company is technically in default of its debt obligations to me. However since I would rather not see the company liquidated, I was hoping a secondary offering is still possible. I think shareholders need to come to some kind of decision (and quick):

1. Secondary offering and change of management
2. Liquidation (and liquidation dividend)
3. Buyout (we do trade at a discount to other land companies, and have a good base of residents - making us potentially attractive to buyers)

I hope we can figure this out ASAP, Clint doesn't need this hanging over his head.