Sarah Nerd's First Shareholder Meeting

Sarah Nerd held her first shareholder meeting last night (you can read the background interview during her IPO here) and it's the first shareholder meeting I've ever been to - in SecondLife or otherwise. And, of course, I got invited because I am a shareholder. There, that's out of the way and out in the open. Is it risky? Gee, I hope not, but I hope it is profitable - it already has been by 18-25% since the IPO.

Wrestling Hulka dominated the questions - and he had good questions. He posted the entire transcript here. The preliminary parts are interesting as Sarah talked about the 'days before landbots'. Sarah and Bella (pictured) dealt with the questions.

The highlights are:

• Sarah Nerd Estates and Mainland Holdings (SNE) opened a new sim - Puerto Nerdo North - and it is open to rentals at the time of this writing. You can take a look at it here.
• SNE expansion plans will focus developed simulators that do best, will try to have something available for every market.
• Dividends on stock will be 0.01 during the expansion period.
• After the major expansion, there is a plan to do approximately 20% of profits as dividends, with an attempt to keep a fair balance between stock value and dividends.
• Expansion will happen conservatively. As simulators fill so that land tier costs are manageable.
• Estate expansion is the present focus.
• Diversification through product lines are being looked into on a case by case basis.
• WSE Live will be the place where financial statements will be made available at this time.
• The current plan is to pay all dividends on ar very close to the last day of each month.

It looks like the capital is being used conservatively for expansion in a very realistic manner, which probably won't cause stock prices to soar immediately - but if this all holds up, it may be something to look at for consistent gains. For people buying stock in SecondLife at the World Stock Exchange, it probably means a low return on short term investment but consistent growth. Of course, I'm not an expert and I do have some money in the mix myself - but that's my read of the situation. And part of the reason I'm dabbling is so that I do learn this stuff a bit myself.

As a sidenote, explaining this to a friend in the real world was a bit much for them to understand. It seems strange to attend a virtual stockholder meeting about virtual stock in a virtual world... or does it?