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Hello Nikki,

I welcome questions and I hope more and more people will start to ask questions to all of us of the “business” community.

Let’s go straight to the answers. As far as where I got the money, answer is very easy. Last march I joined SL and, instead of buying few shares of Apple or Google, I decided to buy some lindens (aprox. 1.5 mil) and started to invest in the stock market (WSE was just opening). I was lucky enough to make some decent profits. About two months ago, I was looking into the unregulated life in SL Business and I come up with the idea to open an insurance company. A pioneering idea… Instead of doing an IPO and asking someone else money, taking the risk to loose it… I decided to finance the project by myself. Today I maintain liquid assets and not (shares) for approximately 3.6 mil. Some of them can be verify at the WSE top shareholders list.

Also, for the website, land, start up costs etc. I invested and fully paid approximately 650.000 Lindens. Not 1 linden come from outside investor…. I can say that I’m totally independent.

But, problem in SL is that everybody can declare fantastic results (btw, so far I still have to make money with the insurance company :-) ) and, it is almost impossible to fully verify the information given. Even with RL information, if you loose 500 US$ are you really going to try to open a legal action maybe in a foreign country? Possible but very difficult…

So, my question to myself and to all the business community is: How we can improve and provide tangible and realistic guarantees? It is not easy but we must find new solutions.

In my case, the most important solution I have to find is how I can prove that I maintain enough cash flow to cover issued certificates. Suggestions are welcome ! Never the less, I’m inquiring with a US law firm the feasibility to open an Escrow Account with them and deposit the security amount needed to cover issued certificates up to the total single exposure of the biggest bank we maintain. I do not know yet if the outcome will be possible but I’m trying hard to find an answer based on facts and not simple words. I will provide you updates.

Thank you again for the question and sorry for my English… Italian is my mother tongue :-)