Casper Trebuchet Still Looking for Lemur Investments Direction in 2009
After Reversal of LMLFDDE, Now What?
Lemur Investments (LEM : ISE) CEO Casper Trebuchet is still looking for a direction to take LEM(ISE) in 2009, especially now after the voluntary reversal of LMLFDDE(ISE), LEM(ISE)'s first forray into derivative products on the International Stock Exchange (ISE).
In addition to a resurgence of business ethics in 2009, Trebuchet stated on January 5th, 2009, "Speaking about LEM I'm still struggling a bit what to do. Listing LEM at ISE was mainly to develop derivatives what I don't do right now. On the other hand I see me playing with the currency exchanges and being invested in companies what never really was my intention. So let us keep the main goal in mind and beside of that do what the circumstances force us to do...right now...we will see..."
On January 16th, 2009, in his official press release about the LMLFDDE (ISE) reversal, Trebuchet said, "Everything is ready for the derivative, the new conditions are set, the terms too but the circumstances don't speak for it. It is not even because of the weak actual bid side for DDE:ISE shares which permits to boost the derivative with as little as 2000-5000 $L. I also neglect the bullish outlook Del - the CEO of DDE:ISE - gave us for DDE. I planned to couple the MINI long future with a short product and I'm almost sure that this would bring important bids in ...help to increase the trade. Unfortunately it is not possible to prove this theory as it would exceed my time I can put on my SL "activities" as it takes quite a bit of time to manage one MINI future not speaking of more of them."
LEM(ISE) has seen a significant rebound and rise in Net Asset Value as all 4 of the WSE stocks that it had been heavily invested in have all migrated to the ISE, and all 4 seem to be quite viable going forward. Also, Trebuchet is hopeful that there may be recovery of the L$100,000 currently tied up with Lindsay Druart, who has started a Creditor Group inworld to rectify her outstanding debts.
Currency Arbitrage as an investment vehicle may be taking a significant hit with the Linden Lab acquisition of XStreet and On Rez, as XStreet was a significant tool in the average currency arbitrageurs playbook. This may drive additional traffic to the Ancapistan Capital Exchange's Linden Exchange (ACE^2).
Published by Nicolo Luminos
I am a journalist in SL who covers a wide spectrum of topics. Currently working on: Financial Sector Documenting RL/SL Synergies Travelouges/Event Coverage View profile
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