Post by Admin on Feb 12, 2016 6:50:18 GMT
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Marishka's IPO data:
Aug 22nd 2011, 16:05
Skip Oceanlane
Dear Capital Exchange Members:
I present to you a new IPO Application from CEO Marishka Ixito for Marix Group (MRG). Marix Group is a skybox and home rentals company within Second Life, with a minor interest in investing. Note that I have been provided the real name and address in the Netherlands of the CEO, who for personal reasons wishes to keep the real life name private. That is why you see "Name On File" where her rl name goes.
Note that this application has not been approved yet, and may change in terms of the number of shares, IPO amount, etc. I will advise everyone when a final vote has been taken. In the meantime, please feel free to comment about the company, CEO, and IPO Application. Your thoughts are important to us.
Any questions, please feel free to ask me, or contact CEO Marishka Ixito directly. Thank you.
Skip Oceanlane
CEO and Majority Shareholder
Capital Exchange
www.slcapex.com
----------------------------
MRG Marix Group
Superb skybox and beach home rentals, property management
Status: Primary - Being considered by primary review staff
Stock Symbol
MRG
Company Name
Marix Group
Company Tagline
Superb skybox and beach home rentals, property management
CEO's Real Life Name
Name On File (SL: Marishka Ixito)
CEO's Real Life Location
Gelderland, Netherlands
CEO's Email
maris.dv@gmail.com
Company Avatar
MarixGroup Resident
Company Website
N/A
SLURL
maps.secondlife.com/secondlife/Sooseunhwa/128/109/2601
In-World Region
Sooseunhwa
Directors, Company Officers
CEO, CFO : Marishka Ixito
CTO: t.b.a.
A board including Non-Executive Directors will be appointed after the IPO ends. The top external shareholders will be invited to candidate for the board.
Total Shares To Create
3500000
Shares To IPO
700000
IPO Price
1.00
IPO Days
30
Cash On Hand
68605
Land Owned
138144
Tangible Assets
531752.00
Starting Capitalization
2801752.00
Monthly Revenue
165000
Monthly Expenses
98500
Chairman's Letter
August 17, 2011
Dear Investors,
MRG seeks to raise 700000 L$ with our initial public offering. No secondary emission of shares is expected, since we will primarily aim to grow organically. Management pledges to invest with our shareholders and we are committed to maintaining our ownership above 51% of the company.
MRG has developed very well sofar, from being a fledgling startup just a year ago to the solid moneymaker it is today. To create faster growth, additional capital is needed. This IPO is designed to do just that, provide funds for expansion.
I am convinced MRG will continue to prosper and grow, for the benefit of all shareholders. Even at the current (August) profitability level, dividends would ensure a compound yearly return of 14.1%, and at the projected profitlevel for September, they will reach 15.4%, but the envisaged expansion is intended to firmly increase those returns over time, and our management team will make every effort to make that goal come true.
Moreover, at MRG you won't find fancy valuations, or income taken as profit that hasn't been earned yet.
Costs and Revenue are calculated properly, and land as well as inventory is depreciated over time, land at 1.25% per month, inventory at 2.5% per month. Besides showing a healthy and realistic balance sheet and P&L, these company practices serve the purpose of being able to replace outdated equipment without eating into reported profit and in doing so will keep our homes attractive for renters over time.
Financial reporting will be both accurate and timely.
Business Overview
Marix Group wholly owns Marix Rentals, which offers property rentals exclusively in Second Life, and Marix Investments. The focus is primarily on providing high quality rentals for the residential market. Besides the rentals operation we provide services related to the property market in SL, generating commissions. Investment activities are based on solid rl experience.
Our main Office / rental shop is located at maps.secondlife.com/secondlife/Sooseunhwa/128/109/2601 , a secondary outlet can be found at maps.secondlife.com/secondlife/Business%20Park/191/147/22
Business Strengths
Strong views on how to create value for our shareholders and conservative business ethics.
Solid and proven business plan to benefit both our renters and shareholders.
Experienced management, with a solid RL record in investment and property management.
The landmarket in Second Life is considered to be in bad shape by many, and for those in that market that don't add any value that may be true. However, adding value through innovative design and landscaping is exactly what MRG excels at, and thus our view of the market is very different from most heard opinions.
Use Of Capital
Capital raised in the IPO will be used to allow for faster growth of the company and to seize investment opportunities.
Specifically, funds will be used for investments to diversify the income stream, to develop new designs, improve systems for managing the rental portfolio and to increase business volume.
Balance Sheet 18-08-2011
Assets
Cash 68605
Land * 32646
Buildings 250000
Design & Expertise 1000000
Business Relations 360000
Product&Market dev. 910000
Deferred expenses 38038
Systems&Build.Mat. 60334
Investments 138755
Total Assets 2858378
Liabilities
CEO current account 29651
Deferred revenu 26975
Equity 2801752
Total liabilities 2858378
*The land valuation refers only to the mainland holdings of MRG. Estate land is valued at 0L in accordance with Capex rules.
Dividend Policy
60% of profits (including received dividends from investments, but excluding unrealized capital gains) will be allocated for dividend payment, 20% will be invested in company growth and 20% will be used for management compensation. Dividends will be paid monthly.
Above a dividend yield of 2% per month, management compensation will be 30%.
However, while MRG fully expects to reach such profitability levels over time, investors should not invest in MRG shares for a "quick ride". Expansion will put temporary pressure on profitability growth.
Risk Factors
Main (but low) risk would be the market for residential rentals in SL collapsing.
Otherwise, a demise of Linden Labs would have to be considered the main risk, however, SL being a viable and leading platform among 3d-worlds, it is our firm belief that even in the event of Linden Lab's failure, SL would not disappear.
Management
CEO, CFO : Marishka Ixito
CTO: t.b.a.
Marishka's IPO data:
Aug 22nd 2011, 16:05
Skip Oceanlane
Dear Capital Exchange Members:
I present to you a new IPO Application from CEO Marishka Ixito for Marix Group (MRG). Marix Group is a skybox and home rentals company within Second Life, with a minor interest in investing. Note that I have been provided the real name and address in the Netherlands of the CEO, who for personal reasons wishes to keep the real life name private. That is why you see "Name On File" where her rl name goes.
Note that this application has not been approved yet, and may change in terms of the number of shares, IPO amount, etc. I will advise everyone when a final vote has been taken. In the meantime, please feel free to comment about the company, CEO, and IPO Application. Your thoughts are important to us.
Any questions, please feel free to ask me, or contact CEO Marishka Ixito directly. Thank you.
Skip Oceanlane
CEO and Majority Shareholder
Capital Exchange
www.slcapex.com
----------------------------
MRG Marix Group
Superb skybox and beach home rentals, property management
Status: Primary - Being considered by primary review staff
Stock Symbol
MRG
Company Name
Marix Group
Company Tagline
Superb skybox and beach home rentals, property management
CEO's Real Life Name
Name On File (SL: Marishka Ixito)
CEO's Real Life Location
Gelderland, Netherlands
CEO's Email
maris.dv@gmail.com
Company Avatar
MarixGroup Resident
Company Website
N/A
SLURL
maps.secondlife.com/secondlife/Sooseunhwa/128/109/2601
In-World Region
Sooseunhwa
Directors, Company Officers
CEO, CFO : Marishka Ixito
CTO: t.b.a.
A board including Non-Executive Directors will be appointed after the IPO ends. The top external shareholders will be invited to candidate for the board.
Total Shares To Create
3500000
Shares To IPO
700000
IPO Price
1.00
IPO Days
30
Cash On Hand
68605
Land Owned
138144
Tangible Assets
531752.00
Starting Capitalization
2801752.00
Monthly Revenue
165000
Monthly Expenses
98500
Chairman's Letter
August 17, 2011
Dear Investors,
MRG seeks to raise 700000 L$ with our initial public offering. No secondary emission of shares is expected, since we will primarily aim to grow organically. Management pledges to invest with our shareholders and we are committed to maintaining our ownership above 51% of the company.
MRG has developed very well sofar, from being a fledgling startup just a year ago to the solid moneymaker it is today. To create faster growth, additional capital is needed. This IPO is designed to do just that, provide funds for expansion.
I am convinced MRG will continue to prosper and grow, for the benefit of all shareholders. Even at the current (August) profitability level, dividends would ensure a compound yearly return of 14.1%, and at the projected profitlevel for September, they will reach 15.4%, but the envisaged expansion is intended to firmly increase those returns over time, and our management team will make every effort to make that goal come true.
Moreover, at MRG you won't find fancy valuations, or income taken as profit that hasn't been earned yet.
Costs and Revenue are calculated properly, and land as well as inventory is depreciated over time, land at 1.25% per month, inventory at 2.5% per month. Besides showing a healthy and realistic balance sheet and P&L, these company practices serve the purpose of being able to replace outdated equipment without eating into reported profit and in doing so will keep our homes attractive for renters over time.
Financial reporting will be both accurate and timely.
Business Overview
Marix Group wholly owns Marix Rentals, which offers property rentals exclusively in Second Life, and Marix Investments. The focus is primarily on providing high quality rentals for the residential market. Besides the rentals operation we provide services related to the property market in SL, generating commissions. Investment activities are based on solid rl experience.
Our main Office / rental shop is located at maps.secondlife.com/secondlife/Sooseunhwa/128/109/2601 , a secondary outlet can be found at maps.secondlife.com/secondlife/Business%20Park/191/147/22
Business Strengths
Strong views on how to create value for our shareholders and conservative business ethics.
Solid and proven business plan to benefit both our renters and shareholders.
Experienced management, with a solid RL record in investment and property management.
The landmarket in Second Life is considered to be in bad shape by many, and for those in that market that don't add any value that may be true. However, adding value through innovative design and landscaping is exactly what MRG excels at, and thus our view of the market is very different from most heard opinions.
Use Of Capital
Capital raised in the IPO will be used to allow for faster growth of the company and to seize investment opportunities.
Specifically, funds will be used for investments to diversify the income stream, to develop new designs, improve systems for managing the rental portfolio and to increase business volume.
Balance Sheet 18-08-2011
Assets
Cash 68605
Land * 32646
Buildings 250000
Design & Expertise 1000000
Business Relations 360000
Product&Market dev. 910000
Deferred expenses 38038
Systems&Build.Mat. 60334
Investments 138755
Total Assets 2858378
Liabilities
CEO current account 29651
Deferred revenu 26975
Equity 2801752
Total liabilities 2858378
*The land valuation refers only to the mainland holdings of MRG. Estate land is valued at 0L in accordance with Capex rules.
Dividend Policy
60% of profits (including received dividends from investments, but excluding unrealized capital gains) will be allocated for dividend payment, 20% will be invested in company growth and 20% will be used for management compensation. Dividends will be paid monthly.
Above a dividend yield of 2% per month, management compensation will be 30%.
However, while MRG fully expects to reach such profitability levels over time, investors should not invest in MRG shares for a "quick ride". Expansion will put temporary pressure on profitability growth.
Risk Factors
Main (but low) risk would be the market for residential rentals in SL collapsing.
Otherwise, a demise of Linden Labs would have to be considered the main risk, however, SL being a viable and leading platform among 3d-worlds, it is our firm belief that even in the event of Linden Lab's failure, SL would not disappear.
Management
CEO, CFO : Marishka Ixito
CTO: t.b.a.
