Oct 20th 2012, 11:23 GMC Gold Mountain Capital
by Legolas Delgado
GMC UpdateGMC Update 10/20
Cash – L$ 42,531.96
BOOT – 100,000 @ 0.82 – L$ 82,000.00 (90)
EARN – 17,000 @ 2.6113 – L$ 44,392.10 (90)
GDI – 6,380 @ 0.00 – L$ 0.00 (90)
GVC –60,000 @ 12.4276 – L$ 712,332.00 (90)
MSX – 23,371 @ 0.91 – L$ 21,267.61 (90)
SEC – 364,673@ 1.10 – L$ 401,588.92 (90)
VGW – 100,000 @ 1.0103 – L$ 101,030.00 (90)
GMC – 308,792 @ 0.0 – L$ 000,000.00
Total – L$ 1,438,466.59
Last Capitalization – L$ 1,519,457.14
Increase/Decrease = L$ -80,990.55
% Increase/Decrease = -5.33%
Starting Capitalization – L$ 960,100.00
Increase/Decrease = L$ 478,366.59
% Increase/Decrease = 49.83 %
90 Day Average Price (90)
The NAV per share is now L$0.44
The Quarterly Financials have been posted.
I apologize for my long absence. I have been dealing with very troubling issues in real life, and because I think I owe investors a reason, I am going to explain what has been going on.
In the spring I found out that my Wife was pregnant. Much to our surprise because she had been told by her doctor that having children would be very difficult if not impossible for her due to some birth defects. That was the reason for me pulling almost all of my investments out of Second Life. I wanted to have any cash available for medical expenses and other issues that may arise. Shortly thereafter I graduated from College, I got a job and we moved. In July she lost the baby because of complications. We were heartbroken but realized that this was just was not our time.
Working opposite hours we never really had much time to see each other, maybe an hour a day if at all or one day out of the week when she had off. In early August I began to notice she was coming home later than normal up to 2 or 3 hours later. I felt like something was up but did not have any evidence. That was until August 17th when I woke up at 4:30 AM and realized she was not lying next to me and still had not come home. I called her and she didn’t pick up. I called a friend she was with and she said she left several hours ago. I eventually received a text message from her saying she got lost… I didn’t believe it for a second, when she came home I called her out and found out she had been having an affair. Moreover, this was not the first time she had an affair. Since then I have been on a rollercoaster ride of emotions, just trying to keep myself moving, not stopping to think about what is really going on in my life. I have only seen her once since that morning, and that was for her to tell me that she no longer wants to be with me. Needless to say, we are getting divorced.
How does this effect GMC, that is what you all want to know. Well, for the last 2 months I have not spent any time on CapEx or in SL at all. As a result, growth has been stagnant. I am unsure how much time I can commit to SL as I hardly am home for more than just sleeping let alone even sit down on my computer. My head is not exactly clear on where to move from here. In the coming days and weeks I will be talking with investors to decide what the best course of action will be.
Alexander Michael Callender