Subscribe to this topicForums > Allenvest Investment Group Public Forum > Topic: Monthly Financials
| Sep 19th 2007, 16:07 Arbitrage Wise |
Monthly Financials | |
| Moved from another post: The following is a report of the financial situation for Allenvest Investment Group as it stands on September 19th, 2007. Allenvest Investment Group currently stands in fair financial condition. Our main problem continues to lie with the fact that are assets are not in cash and at the present time not easily liquidated. Our assets are divided into four categories that are detailed below. These categories are Land, Cash, Stock, and Debt. Debt Currently we are owed debit in the amount of 6,215,000 L$. This debit is scheduled to be paid in full no later that August 2nd, 2008. There is multiple individuals and corporations that owe this debt to us. The next payment is due on October 2nd for roughly 300,000 L$. These payments help to curve the liquidity problems and the amount of these payments will increase significantly over time as the term nears a close. Stock Currently our portfolio consists of the following KDC - 333,900 Shares SLCX - 11,002,698 Shares The estimated value of these holdings is roughly 4,000,000 L$ We plan to liquidate some of these holdings starting on October 1st when the hold is lifted on these shares. The 60 day hold was put in place after the sale. The ability to liquidate these shares will be the main turning point in freeing up liquidity Cash Our current cash assets stand at roughly 750,000 L$ Land Currently there is a total of 8 sims under our possession valued at roughly 2,500,000. This land is not easily liquidated however we are doing our best to sell the land on the sims. Total Assets: 13,456,000 Total Deposits: 7,750,000 As you can see our assets greatly out value the total deposits. Were currently waiting for the hold on our stock to be released next month, (10 days) so that we can begin to liquidate and raise the withdraw limit up. We currently cant raise the limit because we have no way to liquidate to replenish funds that are withdrawn. Thanks for your time |
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| Sep 19th 2007, 16:09 Arbitrage Wise |
Re: Monthly Financials | |
| This is not an acceptable financial. Per the policy (http://www.slcapex.com/content/listing): Details must include: Cash Available, Total Assets, Value of Land, Net Asset Value, Revenue, Expense, Profits, Losses AIG will continue to be halted and a notice of default will be posted on the 20th if sufficient financials are not posted, and will be delisted on the 30th as stated in our policies. |
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| Sep 20th 2007, 08:54 Investor Allen |
Re: Monthly Financials | |
| Cash Available: 693,354 Total Assets: 4,000,000 Value of Land: 2,500,000 Net Asset Value: 12,715,000 Revenue: 13,223,459 Expense: 17,292,736 Deposits: 7,764,631 Losses: 3,000,000 Profits/Loss: 13,410,354 Deposits: 76,040,213 Withdrawals: -68,275,581 Total Deposits: 7,764,631 Expenses Programming: 4,750,000 Payroll: 1,195,000 Stock Purchases: 1,610,986 Hosting Fees: 137,500 Private Investments: 1,000,000 Land Purchases: 4,654,250 Tier Payments: 3,245,000 Advertising:700,000 Total: 17,292,736 Revenue: AIC IPO 970,000 Lands Funds 1,000,000 AVIX IPO 5,000,000 Land Sales 1,980,000 Land Tiers 678,936 AVIX Sale Payments 1,275,000 Limited Partnership 350,000 Stock Sale 1,221,523 Service Profits: 748,000 Total: 13,223,459 Total in Ginko: 3,000,000 Total Expenses: 16,544,736 Total Revenue: 12,475,459 Total Deposits: 7,764,631 Total Lost in Ginko: 3,000,000 Stock: 4,000,000 Land: 2,500,000 Oustanding Bank Loans(To Others): 6,215,000 |
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