The Curious Case of SLIB Real Estate

After an apparent six months of complete silence, Second Life International Business Real Estate (SLIBRE : ACE) announced yesterday its latest offering, Country Side Parcels.

CEO Tyrian Camilo stated in the official press release, "These are parcels which have a lot of open space around them, with nice terrain. This means, your neighbour won't be one meter away from your house. You get better views, and more enjoyable residency."

SLIBRE(ACE) does not appear in the open market as a publicly traded stock, nor as an IPO available to purchase. On the Research Tab it does not show any shareholders, nor has it's price fluctuated in it's lenghty existance, while the last 9 shares exchanged hands on August 7, 2008.

On August 12, 2008, in the SLIB(ACE) forum, ACE CEO Intlibber Brautigan stated, "SLIBRE raised over L$200,000 and settled deposit claims for hundreds of thousands of L$ in SLIB deposits. The shares were restructured and the IPO was completed, then merged into SLIB itself."

SLIB(ACE) last posted financials on October 5th, 2008, and there was not a specific line-item section applicable or apparent for a SLIBRE(ACE) division, and it may be that all SLIB(ACE) real estate ventures fall under this differentiation.