Aug 26th 2012, 09:24 VGW Virtual Groundworks
by Tuvok Dingson
VGW dividend forecastDear shareholders,
People have been talking about summer slumps, also VGW has made it clear that the summertime is a rough time for land in Secondlife, that is why I want to make the following announcement.
Its been an excellent summer for us, given the the crisis and the normal summer slump for land. The summer exodus in July has not happened in the large scale as expected. The remaining unoccupied parcels have been filled during August.
Just one maybe two parcels are open at this time of the announcement, which is a very good sign that our investment has reached a level of maturity during this year and during our Listing on this Exchange. I speak of maturity when Residents stay on their lands for several months, and when word to mouth brings in new neighbors till a point where parcels that go empty are quickly occupied again even before we have to bring them back into the market. Oh yes, we do keep the boring disclamer, all is dependable on our occupancy rate, but we monitor that closely.
We know that we have been retaining some of the earned profit to be able to make it through the summertime. However, fair is fair, the Dividend for this month will be higher than last month, which will be the highest increase in Dividends since the beginning of VGW.
We have always believed our business to be good and a stable one where earnings and dividend payout could fluctuate between 0.015 and 0.02 L$ per share per month. We are very exited that we are nearing this excellent goal and to be honest very proud to be one of the listed companies on the Exchange to actually have had a great IPO, but also have been able to turn the IPO in a success for all our initial shareholders. Their trust in our IPO has paid off.
We will say it one last time, the price of our shares are at an incredible price right now and a very sound investment. Our retained profits give us the means to pay dividends the way we have done every month throughout the rest of the year. We do encourage small investors to step into our shares as we have and will keep our best interest in our shareholders.
Any investor that ever would like to step out of our investment at any time is always encouraged to start a P2P transaction with the CEO of VGW. Thats how good an investment VGW is we think!
Please enjoy the last week(s) we have of our summer and i wish all of you the very best for the upcoming fall and wintertime again and of course...be Prosperous.
Tuvok Dingson, CEO VWG.