LLRS Secondary Coming Soon

As per previous proposal, the secondary for expansion will start in the very near future. We had a strong Q3 and should start seeing the ROI from our recent additions in the RPG sector during Q4. The There project is becoming a bit combersome as we learn the system but we expect to see some productive numbers from it for Q4. The Red Light Center expansion will take longer than expected so we do not expect much residual from that until FY08 Q2.

The secondary will be 725,000 shares at $2.00/share and will run for 15 DAYS ONLY. Any unpurchased shares will be given to existing shareholders before the system halt at 1/4 a share for every secondary share purchased with precedence given to the shareholder that purchases the most during the secondary. If the secondary sells out, we will look at the other possibilities to reward shareholders.

We are coming up on 1 year in business in SL and this is exciting stuff. Our official start was January 21st which was also Luke Birdbrain and my wedding day...memories...but the company actually started December 5, 2006. It has been a long hard road and we haven't missed a beat.

Hostel and Obsidian City have been transferred and are now held by the company alt LNL Bing. We are transferring all islands to LNL Bing in an effort to create the closest thing to a corporation in SL we can. In the coming weeks, you will also see some share distribution changes that will put shares in the hands of the alt to hold the dividends paid on those shares to guarantee reserve holdings. I have done this with my other company and will do this with LLCA to make sure we are diligently separating personal income and expenditure from business in an attempt to create a modified corporation rather than the expanded sole proprietorships that most companies in SL have.