When I first spoke to Shaun Altman about the Metaverse Investment Fund, the total user accounts at that point was something like 200. Shares in the fund were a little over $L1.03 and the first month of investor returns (since February 1, 2008) was somewhere in the vacinity of 10%.
Fast-forward a little under 2 months and the picture is a now slightly different;
- 364 users (and counting)
- 14.8% Investor Returns
- $L137,273.87 in total dividends
- Current share price of $L1.07421
Those numbers aren't too shody. I still haven't managed to wrangle any further details out of Shaun about his "swinging doors", but he is obviously doing something right!
Although my original investment was "modest" by Shaun's standards, the return so far, including fees on the fund as at 18th April, is 7.2% since February 26th (50 days). Not exactly "Second Life Gambling Parlour" returns, but certainly better than most RL funds lately!!
Still waiting to hear from any other MIF investors on their thoughts on the fund. My 2 cents; Congratulations to Shaun on his efforts. Keep up the good work!
8 comments:
Oh thats a really nice little funds and Shaun "The Fox" is one of the people you really CAN trust.
Like that "Automatic Dividend Reinvestment (ADR)" where your dividends will be reinvested with a 25% discount.
Good work , Shaun!
Eatsome Donat
I`ll buy 15000 shares.now. ;)
Sure is ED. Would love to see some more comments from Shaun, but my guess he is in pilot mode before a big push later on?
Looks like the fund has seen some more interest over the last week or so, with 14 more accounts being added. Total today is at 378 and the share price has risen again. Let's see how we go after this coming Friday.
5% per week ROI? :)
Logansan Oh.
Good numbers:
Total Accounts: 391
Investor Returns: 20.0435%
(Since February 1, 2008)
Total Dividends: L$223,297.44
(Since February 1, 2008)
Current Share Price: L$1.100224
The VAST majority of SL stock investors lost their shirts.. EVERY single MIF investor has made what.. 20% by now? (+Sharepize Gain ~10%)
Before i buy ANY SL stock in future i think twice if it´s not better to buy more MIF-Fund shares instead ;)
WSE closed HALF A YEAR soon for UPDATE , my 45000 yummy CAR shares sleeping well instead gettig 0.025 a share WEEKLY dividend.
DAMN!!!
I`m really not sure if it will be opening ever.
I think this week LEM ( casper trebuchet) pays back 1.40L /share to its shareholders.
It was worth well over 4.00L$ before Luke sized 4,500,000 L$ from casper trebuchet, CEO of LEM.
Looks like WSE is the biggest scam after Ginko.
Wonder why some companys still stick with WSE
There aren't many left there, that's true. I spoke with Luke Connell as recently as last week and he did relay that it was all systems go. Couldn't give me a definitive date and no comment on the lateness though. I guess it's still a case of wait-and-see.
L.O.
EVEN when it´s re-opening WHO really wants to invest in a stock exchange which is runned by a well known SCAMMER who stole MILLIONS of L$ and brought only pain and suffering to the SL community?
Some good news, ETC (Etopia Estates) also delisted and pays back 1.00L$ per share to their shareholders.
Thanx to DDE,LEM,SKY,HOT who paid back already their former shareholders also.
CAR still "trading" at a stock exchange that not exist since half a year.
Good stock - No Stock Exchange.
SW
8 Months WSE 4.0 update for a
"Status: 500 Internal Server Error"
when try to open www.wselive.com
LOL nice work
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