Jul 30th 2007, 19:22 ZEN Zhenya Zoning Real Estate
by Zaldar Rhode

ZEN Shareholder Meeting Transcript

[19:11] You: I'd like to welcome you all to the monthly stockholder meeting
[19:11] You: I have a list of things to get out to you all and then after I will gladly answer questions
[19:12] Gaaraman Babii: k
[19:13] Annabis Moody: Hi Dezmond
[19:13] You: First off I am announcing that Gleddan Miles has stepped down as ZEN COO due to RL time constraints he can barely be online anymore. To replace him we are asking Annabis Moody to please take the position. She has been with ZEN since the beginning as the Senior Associate and has done great things already in this short amount of time.
[19:13] Dezmond Martinek: Hello, sorry to be late
[19:14] Annabis Moody: I am honored
[19:14] Annabis Moody: and will do my very best
[19:14] Cruja Cortes: Congratulations Annabis.
[19:14] Annabis Moody: thank you Cruja
[19:14] Gaaraman Babii: ^^congrats ann
[19:14] Annabis Moody: tyvm
[19:14] Zaidan Voom: congrates
[19:15] Annabis Moody: it is very easy to work with sucha professional team
[19:15] Gaaraman Babii: ^^
[19:15] Annabis Moody: and Zaldar is awesome
[19:15] You: Ok also we now have a lead builder who will be in full control of all ZEN built areas. The lead builder in Cruja Cortes.
[19:15] You: is*
[19:16] Arnaud Villota: Congrats, Cruja!
[19:16] Gaaraman Babii: ditto
[19:16] Zaidan Voom: ditto
[19:16] Annabis Moody: Cruja is an absolute genius
[19:16] Annabis Moody: and a very welcome addition
[19:17] Cruja Cortes: Thank you. I will Work hard to fill this position.
[19:17] You: He has just rebuilt the Tamaqua Mall and done an excellent job at that. He does very well at managing prim count while keeping the look awesome
[19:17] You: I encourage you all to check out the mall after the meeting along with the overall progression of the land
[19:18] Cash Yiyuan: Congratulations all - I leave must apologies - I need to log off - please forward me the notes on the meeting
[19:18] You: Ok Cash I will
[19:18] Cash Yiyuan: ty
[19:18] Cash Yiyuan: bye all
[19:18] Adriaen Lane: Allo Cash
[19:18] Zaidan Voom: take care
[19:19] You: As of yesterday we had a few plots open up. a 3072, 4096, and a 4224. in that same day we managed to resell the 4096 and a 1/4 of the 4224 plots
[19:19] You: So we do have land available
[19:20] You: Now we have some big projects we are currently working on
[19:21] You: First off. I have a meeting with the Dean of Drexel University's College of Media Art and Design about having us open an island and manage the island for them
[19:22] You: The meeting is tomorrow a 11:30AM Est
[19:22] Mikey Foxchase is Offline
[19:23] You: Are second project is a large one. We are going to work with Pizza Hut, Papa Johns, and Dominoes and try to get one of these 3 places to set up on the island.
[19:23] Irial Lane: Do those companies already have an SL presence?
[19:24] You: We want to then be able to set up accounts through the SL building and order pizza in SL for delivery in RL
[19:24] Gaaraman Babii: O__O
[19:24] You: I have not found any
[19:24] Zaidan Voom: for real???
[19:24] You: Yes
[19:24] Gaaraman Babii: omg
[19:24] Irial Lane: That's really something.
[19:24] Cruja Cortes: Wow. Very nice idea.
[19:24] Arnaud Villota: not a bad idea.
[19:24] You: We also have plans to do the same with Land's End
[19:24] Gaaraman Babii: realy creative
[19:24] Annabis Moody: We will stress the benefits of global brand recognition, strengthening trade dress issues
[19:24] Annabis Moody: and combine with outside coupons
[19:24] Irial Lane: Sounds like a great idea.
[19:24] Mikey Foxchase is Online
[19:25] Arnaud Villota: raises hand
[19:25] Adriaen Lane: It's not hard to do. There are companies out there that do this. Seek for Dell; you can buy your PC *here* and have it delivered at your place if you live in the US
[19:25] Annabis Moody: we will provide demographic data and present the costs associated
[19:25] Gaaraman Babii: O)P(O
[19:25] Arnaud Villota: I have a question aboutt he Drexel deal
[19:25] Irial Lane: Pardon me. I have a previous engagement.
[19:25] Annabis Moody: certainly
[19:25] Adriaen Lane: same goes with a couple clothing stores. I've been doing research (homework) so if one of them says, "it is not viable", Zaldar can say 'yes it is, look at so-and-so"
[19:25] You: ok bye Irial thanks for coming
[19:25] You: and yes Arnaud?
[19:26] Arnaud Villota: Will Drexel buy the SIM and then ZEN manahes it?
[19:26] Arnaud Villota: manages.
[19:27] You: Those details will be brought up in tomorrows meeting, but most likely yes. because it would be more cost efficient for them because they would be getting the education price for the land
[19:27] Arnaud Villota: Yes, for about $900 us wiht 150 or so tier. You would come out ahed even if you donated that to them.
[19:28] You: yes
[19:28] Arnaud Villota: When will we know the results of tomorrows meeting?
[19:28] You: I will post it on the website as soon as I can get to a computer
[19:28] Arnaud Villota: ty.
[19:29] Gaaraman Babii: .......
[19:29] You: Actually. I will post the news of the meeting at 6PM SLT so I am not scrambling and I get all the information correct.
[19:30] Arnaud Villota: ok
[19:30] Annabis Moody: As always, we welcome any ideas or feedback
[19:30] You: yes. I am now opening the floor for all questions
[19:30] You: comments
[19:30] You: concerns
[19:30] Adriaen Lane: I shall do mine in private if that's ok
[19:30] lex Fitzcarraldo: <-----raises hand
[19:30] You: Yes lex
[19:31] lex Fitzcarraldo: was the flucuation in zens stock today an attempt by a stock holder to manipulate the market or was it a natural occurance?
[19:32] You: I had no control or knowledge of the price drop. Although after reading the shareholder list that now loaded. It was 1 shareholder who sold out, but not completely.
[19:33] Dezmond Martinek: they dumped 500k shares
[19:33] You: but that is all I can say because that is all I know
[19:33] You: yes
[19:33] Dezmond Martinek: I bought over 250k of them
[19:33] Gaaraman Babii: huh i need sleep
[19:33] Legolas Delgado: I have around 180k of them
[19:33] Gaaraman Babii: over and out
[19:34] You: bye Gaar
[19:34] Annabis Moody: bye gaar
[19:34] Cruja Cortes: Bye gaar
[19:34] Dezmond Martinek: how will dominos get paid?
[19:34] Dezmond Martinek: cash or lindens
[19:35] You: That would be their choice
[19:35] You: We need to get them interested first before we know about that information first
[19:35] Legolas Delgado: Have you worked the number on what the potental income from the two new projects could be.
[19:36] You: Not with Pizza Hut as the idea had just begun 3 days ago
[19:36] Legolas Delgado: And with Drexel?
[19:36] You: But if Drexel does go through It may bring in 200-300 USD a month, although that is a rough estimate
[19:37] You: that is after all expenses
[19:37] You: for the island
[19:37] Legolas Delgado: a rough diamond is better than no diamon
[19:37] Annabis Moody: : )
[19:37] You: true
[19:37] Legolas Delgado: Also I would like to add that a company on the WSE tried to do the pizza thing several months back
[19:38] Legolas Delgado: I can not remember the name of the company I only paid attention because the pizza company was from my home town :D
[19:38] Legolas Delgado: However
[19:38] Legolas Delgado: It seemed to have never went through.
[19:38] Legolas Delgado: I may suggest that you find the company on the WSE that tried to do this and see what went wrong.
[19:39] You: Well After much though I am planning on asking as many people as possible who would order pizza online through Second Life and add that to a list
[19:39] Legolas Delgado: They were trying to set up the system with vocilies (sPp)
[19:39] Legolas Delgado: Well see there are many variables
[19:39] Adriaen Lane: I have to go for a bit. I will be back shortly. Will leave my questions for Zaldar in private if thats ok?
[19:39] You: Ok I will see who it was and try and figure out what happened
[19:39] You: that is fine Adriaen
[19:39] Annabis Moody: very good to know, thansk
[19:39] Annabis Moody: thanks*
[19:40] Legolas Delgado: The biggest thing is if the company is paid in L$
[19:40] Dezmond Martinek: has anyone done a cost analysis on what it would cost to set up a system for people to order pizza?
[19:40] Legolas Delgado: the will need to compinsate for the loss in $ on the transfer rate
[19:40] Annabis Moody: we will be working up a model
[19:40] Annabis Moody: and extrapolating the cost projections
[19:40] Legolas Delgado: which means it will cost people more L$ to buy in game and when you buy into SL you are already losing money...
[19:40] Legolas Delgado: ok
[19:41] Dezmond Martinek: still there is the fact that thier advertisements can be seen by a great many people
[19:41] Annabis Moody: exactly
[19:41] You: yes
[19:41] Dezmond Martinek: who are likely to fit thier target demographic
[19:41] Annabis Moody: and that is what we are pushing
[19:41] Legolas Delgado: Well, its more like just geting your name in the newspaper saying you are the first
[19:41] Annabis Moody: actually, many companies have a SL presence
[19:42] Dezmond Martinek: true and I hear reports about this place on the news and on the radio
[19:42] Annabis Moody: not to bring in actual sales
[19:42] Annabis Moody: but for the advertising value
[19:42] Annabis Moody: the targeted demographics are attractive
[19:42] Dezmond Martinek: they mention dominos for a day, and its like a big ass advertissing campaign
[19:42] Legolas Delgado: But FYI, try pizza hut first about 6 years ago the actualy considered trying to put there logo on the moon.
[19:42] Annabis Moody: as well sa the amount of time the average SL user spends online overall
[19:42] Dezmond Martinek: cough I mean big
[19:42] You: that is the plan
[19:42] Cruja Cortes: Well if you use visual advertisement at a crowded location. it can work. Most ingame players do not pay attention to there stomachs. but say I am at an ingame mall and a big sign of a delicious pizza from pizza hut hits me. It will get my stomach really growling and I would want a slice right away.
[19:42] Dezmond Martinek: and once you get one big company
[19:42] Dezmond Martinek: everyone will want to do it
[19:43] Dezmond Martinek: if you have the infrastructure already in place
[19:43] Annabis Moody: and many SL users keep playing instead of eating....
[19:43] Annabis Moody: i hear it all the time
[19:43] Cruja Cortes: But if the add is right, it will remind you to eat. and since the add is there, you will want pizza hut. It is just one pitch idea I am throwing out there.
[19:44] Annabis Moody: exactly
[19:44] Zaidan Voom: hoping?
[19:44] Legolas Delgado: I know I skimp out on food when I am playing any MMO
[19:44] Legolas Delgado: plus I dont have time to make anything good
[19:44] Annabis Moody: right
[19:44] Annabis Moody: so there are several benefits to the pizza chains
[19:45] Annabis Moody: we hope to relay them in a very persuasive manner
[19:45] Dezmond Martinek: ok look I have to ask, I bought a huge portion of your company with a few hundred bucks, how do you fund this operation?
[19:45] Legolas Delgado: cheese of course
[19:45] Annabis Moody: : )
[19:46] You: Real Estate mainly
[19:46] You: the sim below you is ours
[19:46] Legolas Delgado: Yah me and dez toghether own roughly 18% of the company
[19:46] You: we sell the land and charge the tiers
[19:46] Dezmond Martinek: actually I bought more afterwards but anyhow
[19:46] Legolas Delgado: oh really:P
[19:46] Annabis Moody: well, thank you for your confidence
[19:46] Legolas Delgado: Just trying to one up me eh:P
[19:46] Dezmond Martinek: no I saw a good value
[19:46] Legolas Delgado: agreed
[19:47] Zaidan Voom: true
[19:47] Legolas Delgado: ok so togheter we own 21% with Dez owning 12.5%
[19:47] Cruja Cortes: heh
[19:47] Zaidan Voom: ;p
[19:47] Cruja Cortes: I hope there is no test on that. its too late to remember numbers. :)
[19:47] Annabis Moody: : )
[19:47] Legolas Delgado: lol
[19:47] Legolas Delgado: well dez owng 250,000 of 2,000,000 which is 12.5%
[19:47] Cruja Cortes: Make it... :True or false: Dez owns less of the corporation then Legolas.
[19:48] Dezmond Martinek: so up to now you have mostly worked in real estate but are branchign out
[19:48] Legolas Delgado: haha
[19:48] Legolas Delgado: lol
[19:48] Annabis Moody: simplify...
[19:48] Dezmond Martinek: into advertising
[19:48] Dezmond Martinek: or hosting?
[19:48] IM: Dano Singh: i just bought 10 they are not frozen
[19:48] You: Yes
[19:48] You: We are jsut about to advertise out Interactive Maps
[19:48] You: our*
[19:49] You: The maps currently on the island are not updated due to all the recent land changes
[19:50] You: but for lands that are more stable with their set ups it is a very attractive way to show people the sim
[19:50] You: We are also working on an interactive HUD map
[19:50] Legolas Delgado: Zaldar any idea if the div next month will be larger than the last one? OR can I get statment on your div policy and or projections?
[19:51] You: I can not make the projected div until the 15th or later in the month because that is when the last of the tiers are due
[19:51] You: all tiers are due either on the 1st or the 15th
[19:51] Legolas Delgado: can you give me a as is statment then?
[19:52] You: as is it will most likeyl remain the .01/share
[19:52] You: If Drexel does go through you can expect more but how much more I can not give an estimate
[19:52] Legolas Delgado: What is the policy? What % of income?
[19:53] Annabis Moody: Once we get a better feel for the new projects, we will look at projections and revise accordingly
[19:53] Kitt Kappler: howdy all
[19:54] You: 15% of income for now but as the company grows it will grow as well
[19:54] Mystic Handrick: Thanks Zal...gotta run :)
[19:54] You: Ok thank you Mystic
[19:54] Legolas Delgado: So the company made roughly 130k last month?
[19:55] You: a little under than yes
[19:55] You: the exact number will be given out on the 5th
[19:56] Legolas Delgado: Was that will land at max? I mean tiers and all
[19:56] Legolas Delgado: or were they still being fulled
[19:56] Legolas Delgado: filled&*
[19:56] You: well that was with the land sales and tiers
[19:56] Legolas Delgado: So the mall was not apart of last month income
[19:56] You: no
[19:57] Legolas Delgado: and what can the mall produce at 80% capacity?
[19:57] Legolas Delgado: Revenue wise
[19:57] Legolas Delgado: Fyi: If I didnt intend to have a long term stake in the company. I would ask so many questions.
[19:57] You: Well the last mall would produce roughly 80$ at 80%
[19:57] Legolas Delgado: wouldny*
[19:57] You: no problem
[19:57] Annabis Moody: we appreciate longevity
[19:57] You: but the newly built mall should bring in more
[19:58] Annabis Moody: yes
[19:58] Annabis Moody: and we also have a new feature in the mall
[19:58] Annabis Moody: it is a builders consignment shop
[19:58] Annabis Moody: where talented builders can sell their goods
[19:58] You: Also the policy on dividends is if the 15% does not give us .01/share but we can still pay it out we will.
[19:58] Annabis Moody: these are going to be only very special unique products that would otherwise not get to market possibly
[19:59] Annabis Moody: builders will split every sale with the corporation
[19:59] Legolas Delgado: well .01 = 20k and so I think it is easily possible
[19:59] You: yes very
[20:00] You: We do not ever want to leave the stockholders high and dry
[20:00] Dezmond Martinek: .01 isnt a particularly interesting number though
[20:00] Dezmond Martinek: a person can get far more from a bank account
[20:00] You: We work for you and the betterment of the company
[20:00] Annabis Moody: we are building momentum here
[20:00] Annabis Moody: we are well poised for strong growth
[20:01] Dezmond Martinek: the money would be better spent on further investment
[20:01] Dezmond Martinek: you would do better to report financial statments and projections
[20:01] Annabis Moody: we can work on that
[20:01] Dezmond Martinek: than to bother with a dividend if you want to increase your share holders confidence
[20:02] You: The financial statement will be coming out on the 5th
[20:02] Legolas Delgado: Well it appears there is a lot to come in the next 7 days
[20:02] Legolas Delgado: the drexell meeting and the financial statment.
[20:02] Annabis Moody: We will be very busy
[20:03] Legolas Delgado: Plus the possible pizza hut deal being put motion
[20:03] Annabis Moody: plus the new mall
[20:03] Annabis Moody: : )
[20:03] Legolas Delgado: Aye, it does need to get filled.
[20:03] You: The old mall was giving us a traffic of 13K
[20:04] You: The new mall will give us a better look. more prims and more shops
[20:04] Annabis Moody: if you have not already seen it
[20:04] Annabis Moody: i welcome you to visit
[20:04] Kitt Kappler: how much traffic does he new mall seem to be getting?
[20:04] Legolas Delgado: I happy pleased with all of your responce and I am inticapting next weeks meeting.
[20:04] You: Well right now it just opened up again after being rebuilt so the traffic is low
[20:05] Kitt Kappler: k
[20:05] Annabis Moody: It was placed right before this meeting, literally
[20:05] Legolas Delgado: A long with the drexel report. Which if you dont mind me saying you should post on AVIX for the publicity
[20:05] Annabis Moody: great idea Legolas
[20:05] You: I don't want to post it without knowing what is going to happen
[20:06] Legolas Delgado: Well
[20:06] Legolas Delgado: I mean after tomorrow
[20:06] You: yes of course
[20:06] You: 6PM SLT I will post the results of the meeting
[20:06] Legolas Delgado: Alright, sounds good.
[20:07] Annabis Moody: thank you for coming and sharing your thoughts
[20:07] Legolas Delgado: Wow, I had my chat expanded and though it was just like 5 people left here
[20:07] You: heheh
[20:07] You: I hate when I do that
[20:08] Dezmond Martinek: have you got a pr person to plug your company
[20:08] Dezmond Martinek: write up little blurbs about all the great stuff you do
[20:08] You: That'd be annabis over here and all the Zen Associates
[20:08] Dezmond Martinek: I would like to see more of that on the stock exchange if possible
[20:08] You: Ok
[20:09] Dezmond Martinek: releases to pump up consumer confidence
[20:09] Annabis Moody: i am working on a newsletter
[20:09] Dezmond Martinek: the consumer being your shareholders
[20:09] Dezmond Martinek: people buy as much on image as value
[20:09] You: yes
[20:09] Dezmond Martinek: especially on that market
[20:09] Dezmond Martinek: sometimes I think people would buy chicken shit shares
[20:09] You: Oh just a side-note I am getting Drexel's LeBow School of Business interested in Avix
[20:09] You: so there may be a large flow of traders coming to avix
[20:10] Dezmond Martinek: that can t hurt
[20:10] Legolas Delgado: That would be great
[20:11] You: Well I keep reading we need more investors so I am going to start talking to colleges and such about it
[20:11] Legolas Delgado: Hey, Im a college kid :D
[20:11] Legolas Delgado: lol
[20:11] You: me too
[20:11] Legolas Delgado: You go to drexel
[20:11] Legolas Delgado: /
[20:11] Legolas Delgado: ?
[20:11] Annabis Moody: just graduated
[20:11] You: yes
[20:11] Annabis Moody: : )
[20:12] Legolas Delgado: Figured.
[20:12] Legolas Delgado: I am at pitt
[20:12] Legolas Delgado: My friend goes to drexel
[20:12] Cruja Cortes: I just recently got back into college. :)
[20:12] Annabis Moody: so we know that market
[20:12] Dezmond Martinek: you mentioned demographics
[20:12] You: Which will give us more of a pull with Drexel
[20:12] Dezmond Martinek: where are you getting them?
[20:12] You: Second Life provides the Demos
[20:13] Dezmond Martinek: they only collect so much information
[20:13] Legolas Delgado: Alright guys I am going to go, I will be looking for your next set of posts.
[20:13] Annabis Moody: Thank you Legolas
[20:13] You: Ok Thank you very much Legolas
[20:13] You: That is all we can give to them though Dez
[20:13] Legolas Delgado: No problem, I should be attending most meetings given my availibty.
[20:13] You: I have not found any other Demographics
[20:14] You: ok sounds good Legolas
[20:14] You: Also is there anyone who needs an investore invite?
[20:14] Dezmond Martinek: you maybe able to utilize some of these camping tricks to gather them
[20:14] Annabis Moody: i am working on an online survey
[20:14] Dezmond Martinek: people can give yuo personal info for cash
[20:14] Annabis Moody: might help
[20:15] Dezmond Martinek: people do anything for lindens
[20:15] You: ahh
[20:15] You: that is a good idea
[20:16] Dezmond Martinek: increase traffic and gather info at the same time
[20:16] Dezmond Martinek: though it seems like your image here is more high class
[20:16] Dezmond Martinek: do you deal in lower class developments as well?
[20:16] You: We may do it in the mall
[20:17] Annabis Moody: Tamaqua is slowly becoming a financial district
[20:17] Kitt Kappler: alright zaldar, im off
[20:17] Kitt Kappler: later
[20:17] Dezmond Martinek: I saw a camping system today that pays people while they shop
[20:17] Dezmond Martinek: you log into the system
[20:17] Japanese puffy chair pillow 1: llStopAnimation: Script trying to stop animations but agent not found
[20:17] Kitt Kappler is Offline
[20:17] Dezmond Martinek: and it pays up to a certain amount while your in the area per minute
[20:17] You: int he future as we expand to new sims they will be mainly residential
[20:18] You: We can implement that camping system when the mall is 50% full right now we have pads that pay with no expense to us
[20:18] You: We play a radio station
[20:18] You: the owner pays the camping chairs
[20:18] Dezmond Martinek: neat
[20:18] You: everyone is helped in the end
[20:19] Dezmond Martinek: thankyou for your time
[20:19] Dezmond Martinek: it was very informative and has convinced me not to dump all your shares
[20:19] You: Thank you for all you questions and input ^_^
[20:19] You: that is very good to hear
[20:19] Annabis Moody: yes : )
[20:19] You: If there are any more questions please ask now
[20:20] Legolas Delgado: Whats your sign?
[20:20] You: if not you can ask me in IM at any time or on the Avix forums
[20:20] You: Aquarius
[20:20] Legolas Delgado: We wouldnt get along IRL
[20:20] Legolas Delgado: but thats ok
[20:20] You: haha
[20:20] Dezmond Martinek: I could use an invite
[20:20] You: ok
[20:20] Annabis Moody: It was a pleasure seeing all of you tonight
[20:20] Annabis Moody: please feel free to IM me as well if I maybe of any assistance
[20:21] You: seems search is down
[20:21] Dezmond Martinek: yes please make a note
[20:21] You have offered friendship to Dezmond Martinek
[20:21] Dezmond Martinek: I had a hella a time getting here
[20:21] Dezmond Martinek is Online
[20:21] Nadia Matova: not only is search down, so is tp
[20:21] Dezmond Martinek: and when I teleported in
[20:21] Annabis Moody: yes
[20:21] Dezmond Martinek: I became a woman
[20:21] Dezmond Martinek: haha
[20:21] Nadia Matova: chaos all over SL
[20:22] You: haha SL is having a bad day
[20:22] Annabis Moody: awww
[20:22] Dezmond Martinek: I was very glad I didnt land in this room
[20:22] Marc Attenborough: SL is having a bad week
[20:22] Dezmond Martinek: show up late for a meeting in drag
[20:22] Dezmond Martinek: haha
[20:22] Cruja Cortes: heh
[20:23] Nadia Matova: you may not be able to get rid of us Zaldar---we could all be stuck here for sho knows how long
[20:23] Annabis Moody: Looking forward to seeing you all next month
[20:23] Nadia Matova: who*
[20:23] Dezmond Martinek: good luck folks, Im out I hope
[20:23] You: I'm glad you could all make it