[14:00] Redux Dengaku: I'm going to be starting the RDX shareholder meeting in about 1 minute :)
[14:00] Brent Wunderlich: coool
[14:00] Sophia Yates: balance
[14:01] Redux Dengaku: I wasn't able to find out if i would be able to reserve the meeting room
[14:02] Redux Dengaku: so i figured this would be the best bet :)
[14:02] Jailbird Peterman: thank you
[14:02] Redux Dengaku: few more people asking for TPs ;)
[14:02] Redux Dengaku: Hey jailbird :)
[14:02] Jailbird Peterman: you are the man
[14:03] Redux Dengaku: something like that xD
[14:03] Mikke Zenovka: Hey Richy you interested in a 38,500 at myths in an hour?
[14:03] Richy Brynner: no thnx
[14:04] Richy Brynner: not today
[14:04] Redux Dengaku: waiting on one last person :)
[14:05] Richy Brynner: ru going mikke
[14:05] Redux Dengaku: guess some people are having TP issues this morning :)
[14:05] Redux Dengaku: everyone having a good weekend so far? :)
[14:05] Mikke Zenovka: yes
[14:05] Mikke Zenovka: I am in the 38k
[14:05] Mikke Zenovka: if they get enough
[14:05] Redux Dengaku: hehe
[14:06] Redux Dengaku: I somehow managed to spill on my laptop AND my desktop keyboard at the same time, so I spent the weekend fixing stuff xD
[14:06] Elda Luna: lmao
[14:06] Brent Wunderlich: lol
[14:06] Redux Dengaku: was my last shot of sambuca too, i was really sad :(
[14:06] Dominic Steinbeck: That's awful, why are you guys laughing? :/
[14:06] Fujiwara Food: Jess Unsworth, you're "Cheif" Officer :)
[14:06] Redux Dengaku: hahaha
[14:06] Redux Dengaku: Jess and Adasyd are chier officers :)
[14:06] Redux Dengaku: Adasyd is having connection issues right now
[14:07] Jess Unsworth: i didnt spell it >.>
[14:07] Redux Dengaku: i did
[14:07] Fujiwara Food: their tag says they're Cheif Officers :)
[14:07] Redux Dengaku: i can't spell very well
[14:07] Redux Dengaku: hehehe
[14:07] Jess Unsworth: its ok, i like cheif better anyway
[14:07] Fujiwara Food: you've flipped i and e. It should be "chief"
[14:07] Dominic Steinbeck: Don't say it infront of the stock holders Red.
[14:07] Redux Dengaku: here, i'll fix it
[14:08] Kristian Chevalier: or chef
[14:08] Fujiwara Food: don't worry typos happen, ..
[14:08] Jess Unsworth: perfect
[14:08] Redux Dengaku: better? xD
[14:08] Elda Luna: haha
[14:08] Brent Wunderlich: lets here some news
[14:08] Brent Wunderlich: yaya
[14:08] Jess Unsworth: whos hungry?
[14:08] Redux Dengaku: fortunately LSL is based around small words :)
[14:08] Fujiwara Food: Yeah, now he's a cook :)
[14:08] Elda Luna: lmao
[14:08] Jess Unsworth: woohoo, promotion!
[14:08] Redux Dengaku: alrighty i'm gonna go ahead and get started :)
[14:08] Dominic Steinbeck: Another speed picnic?
[14:09] Fujiwara Food: expanding your duties :)
[14:09] Redux Dengaku: Most of you here have already spoken to me in IMs and have a pretty good idea of what's going on
[14:09] Redux Dengaku: I'm trying to stay in touch with all my shareholders so that theres always a connection between me and you guys
[14:09] Redux Dengaku: As head of the company, I have 2 primary concerns
[14:10] Redux Dengaku: 1) I want to make myself, my employees, my partners, and my shareholders as rich as possible
[14:10] Redux Dengaku: and 2) Refer to rule 1
[14:10] Redux Dengaku: Hey haden :)
[14:10] Haden Divisadero: hey
[14:11] Redux Dengaku: Right now i've been struggling a lot with hardware issues, as well as issues with space and prims
[14:11] Redux Dengaku: Most of my business however is not based on vendor placement or physical inventory, it's based on my ability to script
[14:12] Redux Dengaku: I work with a lot of the large casinos in SL doing custom work on-site for them. Anything I do i have backed up on a thumb drive, 2 different harddrives, and my laptop
[14:12] Redux Dengaku: So even if there are problems with objects disappearing, theres an inherant stability to anything I work on
[14:13] Redux Dengaku: Another of the big limitations ive been working on is, my abilities in scripting are almost the total opposite of my abilities at building
[14:13] Redux Dengaku: By incorporatig wiht Jess and Adasyd, and having some resources to invest in hiring builders, the door is going to open up for me to work on a lot of the larger projects I've ended up turning down in the past
[14:14] Erik Bligh: this place is sweet...
[14:14] Redux Dengaku: Theres a lot of companies in SL as well as in the real world who are very particular about what they want, and are willing to pay good money to get it
[14:14] Redux Dengaku: A lot of those companies want complete packages, which can't be provided simply with a cript
[14:15] Redux Dengaku: If you pull up a places search and look for "scripting" right now, i'm the 3rd on the list right below a sandbox and a school
[14:15] Redux Dengaku: So i've been approached in the past by a lot of large companies, some RL companies who know nothing about SL, and want to know what I can do for them
[14:15] Redux Dengaku: Despite this however, with scripting alone I managed to bring in just over 1.2 million lindens in Febuary
[14:16] Redux Dengaku: In febuary, which is only a 28 day long month, i also spent 6 days without a computer due to some hardware issues
[14:16] Redux Dengaku: So really, there aren't a lot of limitations in terms of how far scripting can take you, other than the time and energy you actually put into it
[14:16] Redux Dengaku: Running at full tilt, i probably can bring in anywhere from 1 to 1.5 million in a solid month of scripting
[14:17] Redux Dengaku: But this isn't enough for me
[14:17] Redux Dengaku: I have my eyes set on the contracts from big companies
[14:18] Redux Dengaku: I want companies like Apple and Microsoft to come to SL, wind up on my doorstep, and I want all the Bill Gates and Steve Jobs in their newbie avatars begging to pay me piles and piles of money to help them establish a presense
[14:19] Redux Dengaku: RDX has only been public for about 6 days so far, and 30% of it has already sold
[14:19] Redux Dengaku: I expect that the IPO is going to be finishing up well before the final date
[14:19] Redux Dengaku: In comparison to my earnings, there's not a lot of shares floating around, so as I start growing as a company, I fully expect there to be a lot of competition for the shares that I have out there
[14:20] Redux Dengaku: My intention isn't to do what a few companies are doing, and try to hustle up a lot of competition early on so that my stock shoots up and crashes
[14:20] Redux Dengaku: This is great for people who want to either win or lose a whole lot of money in a short period of time, but RDX isn't focusing on high-risk short term gains and losses
[14:21] Redux Dengaku: If you want that, I happen to know a few wonderful casinos with Roulette wheels ;)
[14:21] Haden Divisadero: lol
[14:21] Redux Dengaku: My goal is to build the name RDX over the course of the next year and be one of the blue chip stocks
[14:21] Redux Dengaku: 3 months from now, i want everyone to be saying "boy i'm glad i held on to RDX"
[14:21] Sabz Schnyder: balance
[14:22] Redux Dengaku: This shouldn't be difficult to do, i have all the pieces already in place
[14:22] Redux Dengaku: I've partnered with two fabulous builders. Actually, the avatar I'm wearing right now was designed by Jess just this weekend
[14:23] Redux Dengaku: Jess and Adasyd, who i've known since my early days in SL, both have vast lines of very popular products, but as of yet, they mostly are selling out of a "bike and wagon", so to speak
[14:23] Redux Dengaku: By establishing strong presense in SL, helping them to grow the strength of their products by enhancing them with my scripting
[14:23] Redux Dengaku: And by giving them a location where they can pool their customer base together
[14:23] Redux Dengaku: I fully expect that end of the company to really explode in terms of sales and profitability
[14:24] Redux Dengaku: When i initially valued my IPO, I posted an earnings expectation based on the average of my last 3 months of income
[14:25] Redux Dengaku: Admittedly, i spent a vast majority of January playing with my new Wii, and for about 1/4 of Febuary I didn't have a computer
[14:25] Sabz Schnyder: why shall we invest in your company redux?how much will the growth be in the following months?
[14:25] Redux Dengaku: Hehe, that' swhat im' getting to
[14:25] Shaun Altman: Sabz: you should probably hold your questions for the end.
[14:26] Redux Dengaku: hehe
[14:26] Redux Dengaku: If the question is "how much will you grow", honestly, i dont have any set expectations
[14:26] Redux Dengaku: I can answer with "I expect to grow forever" of course, and i do
[14:26] Redux Dengaku: I fully expect that by the end of april, i'll be posting around 2 million of income, which is about double what i have described in the prospectus
[14:27] Redux Dengaku: Ive actually just been finishing up some negotiations with a few of the companies already publicly traded on the WSE
[14:27] Redux Dengaku: BW Williams is planning on having me on board for a huge contract that should hold out for a number of months
[14:28] Redux Dengaku: I've been working with FED helping to develop his product line
[14:28] Redux Dengaku: and Montanas Poker Room has been planning on having my company do a lot of the development of their new sim and casino
[14:29] Redux Dengaku: Single jobs and contracts are great for business, and based on the contracts I've already negotiated, the next 3 months should be record breakers
[14:30] Redux Dengaku: The strength of a business is as much in its partners as it is in its infrasturcture
[14:30] Redux Dengaku: The contracts are easy to get. As long as theres people in SL who dont know how to script, I'll always have a job :)
[14:31] Redux Dengaku: I already have a number of people who have been asking and offering to help me get established
[14:31] Redux Dengaku: I've got the people, and I've got the contracts, and everything is lined up for me to see anywhere from 200 to 300 percent growth over the next year
[14:32] Redux Dengaku: At this point it's just a matter of expanding the infrastructure to help support this growth. Which is what the IPO is all about :)
[14:32] Redux Dengaku: I think i've rambled for about a half hour now, so if anyone has any questions, now's a good time :)
[14:33] Kristian Chevalier: i would like to see a financial forecast for the coming year. when can you have that done?
[14:33] Redux Dengaku: I can probably have that done today
[14:33] Redux Dengaku: I'll go ahead and post it as an announcement on my companies prospectus page :)
[14:33] Kristian Chevalier: excellent
[14:34] Redux Dengaku: I have the financial forecast put together in my head already, just dont have it all down on notecards quite yet ;)
[14:34] Shaun Altman: Sorry - is it question time?
[14:34] Kristian Chevalier: will you specify it monthly or qaurterly?
[14:34] Redux Dengaku: yes shaun :)
[14:34] Shaun Altman: I have a few if that's ok.
[14:34] Redux Dengaku: Kristian: It's difficult to do exact forecasts for a month to month basis. I get about 60-70 requests for scripting every day
[14:35] Redux Dengaku: I can look at averages bsed on past work, but it's difficult to nail down an exact number
[14:35] Kristian Chevalier: maybe quarterly then?
[14:35] Redux Dengaku: Quarterly should be fine
[14:35] Redux Dengaku: I really dont see my company doing less than 1.5 to 2 million in business once the dust has settled
[14:35] Redux Dengaku: theres going to be a little bit of a transition period while LL gets our land set up
[14:36] Redux Dengaku: I should have thing sgoing full tilt by the 10th of april :)
[14:36] Brent Wunderlich: sweet
[14:36] Redux Dengaku: Shaun?
[14:36] Shaun Altman: Yes
[14:36] Shaun Altman: First, given the spike in demand for your services, it seems like there isn't enough of you to go around :)
[14:36] Redux Dengaku: Thanks for penciling me into your schedule btw, i know how busy you are ^^
[14:36] Redux Dengaku: HA!
[14:37] Shaun Altman: Would it be possible to control demand through raising prices and thus drive revenue?
[14:37] Redux Dengaku: A common concern
[14:37] Redux Dengaku: mm, good question
[14:37] Redux Dengaku: I've actually been steadily raising my prices for the last 3 months
[14:37] Redux Dengaku: I'm trying to find a good equilibrium for how much I should charge without lunging overboard
[14:37] Redux Dengaku: Someone told me once, "If you work all day and theres still work to do at the end of the day, you'r enot charging enough"
[14:38] Shaun Altman: I see - so you plan to continue ramping up prices for the forseeable future?
[14:38] Shaun Altman: Yex exactly :)
[14:38] Redux Dengaku: Right now i'm charging 2.5 times as much as i was in january, and there really doesn't seem to be an end to all the business people bring me
[14:38] Nicholas Portocarrero: Shaun?
[14:38] Redux Dengaku: I'm sure now with some building support from Adasyd and Jess, i'll be able to go up even higher :)
[14:39] Shaun Altman: great! :) next question I have..
[14:39] Redux Dengaku: sure!
[14:39] Shaun Altman: I heard a figure of 2mil profit target for April earlier - but how are profits actually tracking for March?
[14:40] Redux Dengaku: A lot of this month has been devoted to planning
[14:40] Redux Dengaku: I've spent a lot of time trying to secure solid contracts that I would be able to rely on for the next 3-6 months
[14:41] Shaun Altman: I'm not looking for a crazy projection, just the actual tracking. :)
[14:41] FWord Utorid: reset password
[14:41] Redux Dengaku: Im also spending a lot of time working with my officers on planning out how the next month is going to go
[14:41] Redux Dengaku: hehe
[14:41] Mikke Zenovka: What companies do you have contracts with now ?
[14:41] Shaun Altman: Kind of trying to establish a worst case scenerio
[14:41] Redux Dengaku: hehe
[14:41] Shaun Altman: Mikke: if I could have just a couple more questions I'll be done.. :)
[14:42] Mikke Zenovka: sure
[14:42] Shaun Altman: thanks.. sorry hehe
[14:42] Redux Dengaku: Well the day I announced my IPO i created a secondary account that i've been putting funds into for the company
[14:42] Redux Dengaku: I think it's been aroudn 6 days and right now that account is sitting on 250,000 lindens
[14:42] Shaun Altman: but that's revenue right? not profit?
[14:43] Redux Dengaku: No, that's profit. I really dont have much in the way of expenses
[14:43] Shaun Altman: so we're looking at a little over.. oh ok great so a little over 1mil
[14:43] Shaun Altman: next question is 2 in 1 :)
[14:43] Redux Dengaku: hehe
[14:43] Redux Dengaku: go ahead ;)
[14:44] Shaun Altman: I'm not sure if I missed it, but what will the dividends be percentage-wise? What day of the month will they go out? And how many total shares will there be when the IPO is over?
[14:45] Redux Dengaku: I'm planning on paying out 100% of my acutal profit as dividends
[14:45] Redux Dengaku: Right now i'm planning to post a dividend on tuesday of what has been made by the company so far
[14:45] Shaun Altman: oh, wow, can you commit to that 100% for the first 3 months?
[14:45] Redux Dengaku: Sure :)
[14:45] Shaun Altman: cool
[14:45] Shaun Altman: and how many total shares at offer end?
[14:46] Redux Dengaku: There will be just under 4.2 million shares
[14:46] Shaun Altman: 4.2 ok
[14:46] Shaun Altman: Ok thanks for your time. :) I'll take 2 million shares thanks :)
[14:47] Redux Dengaku: hehe, save some for the others shaun ;)
[14:47] Shaun Altman: I did :)
[14:47] Redux Dengaku: The dividend is a great bonus
[14:48] Redux Dengaku: But when RDX hits 20 lindens per share, you probably wont be worrying about whether it was 1% or 5% profit you made on your dividend :)
[14:48] Haden Divisadero: LOL you only have 800k shares left
[14:48] Enky Nakamura: redux, how many outstanding shares there are?
[14:48] Redux Dengaku: let me check, hang on
[14:48] Haden Divisadero: 800k
[14:49] Redux Dengaku: 870,121
[14:49] Redux Dengaku: looks like i'm going to have to send some invitations to my shareholders group ;)
[14:49] Enky Nakamura: total shares i mean, both on the ipo and in your hands
[14:49] Redux Dengaku: AH ok
[14:49] Redux Dengaku: the company has 100 million shares total :)
[14:49] Fujiwara Food: IPO almost done, lol
[14:49] Redux Dengaku: hehe
[14:49] Enky Nakamura: so the dividend will be calculated on 100 million shares?
[14:49] Redux Dengaku: For this first month, I think what i'm going to do for the dividends is post weekly rather than for the month
[14:50] Redux Dengaku: Since this month is going to be a 3 week long month for the company as of incoporation date :)
[14:50] Shaun Altman: You'll have to do it monthly. Can't post under L$0.01/share
[14:50] Redux Dengaku: That's correct enky :)
[14:50] Redux Dengaku: ah, thats a shame
[14:51] FWord Utorid: watch yourself.
[14:51] Redux Dengaku: humm, any more questions? :)
[14:51] Mikke Zenovka: Shares are selling fast now
[14:51] Mikke Zenovka: lol
[14:52] Jailbird Peterman: going, going, gone
[14:52] Redux Dengaku: hehe
[14:52] Mart Lupino: withdraw 25000
[14:52] Redux Dengaku: honestly, i love the idea of people fighting over my shares
[14:52] Redux Dengaku: That does a lot to drive the price of the stock up :)
[14:53] Mart Lupino: withdraw 50000
[14:53] Mart Lupino: balance
[14:54] Mart Lupino: redraw 10000
[14:54] Adasyd Nino: balance
[14:54] Mart Lupino: withdraw 10000
[14:55] Haden Divisadero: .tower
[14:55] Kristian Chevalier: why will you share all of the profit to the shareholders?
[14:56] Redux Dengaku: There's not really much reason not to. After the bills are paid, the employees are paid, and everythings clear, theres not a whole lot left to do with the money
[14:56] Kristian Chevalier: so you are not thinking of reinvesting the profit into the company?
[14:57] Redux Dengaku: The way my infrastructure is set up, i really wont need to
[14:57] Redux Dengaku: A big part of the reason i'm investing in some land is that I plan to establish specific people with product lines, in exchange for a place to build their shops
[14:57] Redux Dengaku: I dont believe in strip malls where anyone and everyone can rent out space for 200 a month
[14:57] Kundalini Seale: but if you will have more clients, you woud want more workers...
[14:58] Redux Dengaku: Of course, and as i have more workers those will be expenses that come out of the income before the profits are calculated :)
[14:58] Mikke Zenovka: What other companies are your competition?
[14:59] Redux Dengaku: With scripting there really isn't much competition, it's really a free for all
[14:59] Redux Dengaku: Scripters will regularly pass customers off to each other when we're too busy to take more jobs
[14:59] Redux Dengaku: I acutally get about 15-20% of my customers from OTHER scripters who are also overloaded with work
[15:00] Mikke Zenovka: So do you have plans to add more scriptors to the company ?
[15:00] Mikke Zenovka: for growth
[15:00] Redux Dengaku: I'm going to be looking into doing that on a conditional basis
[15:00] Redux Dengaku: I've already shown that I can clear a million profit with my own hands
[15:00] SAFETR Rasmuson: withdraw 400
[15:00] Redux Dengaku: I'm looking for scripters, but I'm really picky about the quality and the timeliness of the work
[15:01] Mikke Zenovka: Good
[15:01] Redux Dengaku: Once i have the infrasturcture established, it should be a lot easier to do
[15:01] Redux Dengaku: I really only want the best and brightest working with my company
[15:01] Redux Dengaku: And the people i work with have to be able to get along with eachother
[15:01] Redux Dengaku: Everyone working with me and my company, when we're not working, we hang out together because we like being around eachother
[15:02] Redux Dengaku: I'm not willing to hire a sloppy scripter or builder, and i'm not willining to hire someone who's phenomenal that people can't get along with
[15:02] Redux Dengaku: I've been talking with about 3 people who i think would be great additions, but theres nothing finalized with any of them yet :)
[15:02] Mikke Zenovka: So have you targeted any talent people you might want to add?
[15:02] You decline Notice to the HC08 Group about dirty tricks plans from A group member named pup Witherspoon.
[15:03] Redux Dengaku: I'd rather not give any names out quite yet, but i'm sincerely hoping that one person in particular will be joining with the company
[15:03] Redux Dengaku: He's someone who a lot of people call "the best scripter in SL", and we happen to be friends as well
[15:03] Redux Dengaku: If i can get him working for my company, that would be phenomenal
[15:04] Mikke Zenovka: YOu havea market with no competition so the bigger you grow ( with very talented people) the better
[15:04] Redux Dengaku: But even if i can't get anyone who makes the standard, i can just keep raising my prices and getting my name on more and more ears and tongues
[15:05] Mikke Zenovka: There will be competiors
[15:05] Redux Dengaku: It's a big ocean :)
[15:06] Redux Dengaku: as long as i'm the biggest fish in the pond, i can get first pick at the best contracts, and everyone else can fight over the leftovers :)
[15:06] Mikke Zenovka: lol
[15:06] Mikke Zenovka: Microsoft of Scriptors
[15:06] Redux Dengaku: hahaha
[15:07] Mikke Zenovka: Thanks for the great meeting it was informative
[15:07] Redux Dengaku: thank you for coming :)
[15:07] Mikke Zenovka: YOu IPO might be goen by the end ofthe day
[15:07] Redux Dengaku: If there are any more questions, feel free to IM me, i'm always available to chat :)
[15:08] Elda Luna: lmao
[15:08] Kristian Chevalier: thank you Redux
[15:08] Redux Dengaku: shall we get back to work? :)
[15:08] Jailbird Peterman: very nice, Redux!
[15:08] Redux Dengaku: hehe :)