SHMEC Financial Report 31 May 06

Financial Report 19- 31 May 06

Income

• Minerals Sell : 16,119,417.69 Isk
• Interest+EIB bonus : 6,579,100.00 Isk

Total income: 22,698,517.69 Isk

Expenditure

• Ore purchase: 512,154.00 Isk
• Member Salary: 7,743.75
• Office rental: 10,000.00 Isk

Total Expenditure; 529,897.75 Isk

Net Income: 22,168,619.94 IsK

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ASSET

Wallet : 33,110,882.72

Bank account : 165,479,100.00

EMFI Share : 128,750,000.00

Blueprint : 42,360,000.00

Ship : 9,925,000.00

Mineral: 30,081,470.29

TOTAL ASSET : 409,706,453.01

Liabilities

EIB Loan: 54,000,000( Capital+ interest)

Dividend: 14,000,000 ( 31 May 06 dividend)

TOTAL LIABILITES : 68,000,000

New Net Asset Value( NAV) : 341,706,453.01

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Total shares : 20,000 ( 14,000 outstanding)

New NAV per Share: 17,085.32 ( +7.45%)

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Ships production will start soon, but depending of the market maybe we will let blueprint in lab for few more weeks to increase the profit on the sale. While we wait for starting production our main activity is mining to stockpile and selling minerals.

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Tolmar

VCEO and Financial EO

Dividend

The Silver Hand Mining and Exploration Corp is happy to announce a dividend of 1000isk/share for our share holder. The dividend will be give away the 31 May 06 with a complete financial report.




Tolmar
VCEO and Financial EO of SHMEC

Member Pay Rate

Pay rate

Contribution * ---------------------------% Refund
0-1,000,000 ------------------------------------5%
1,000,001 - 2,500,000-------------------------15%
2,500,001 - 5,000,000 ------------------------ 25%
5,000,001 - 7,500,000 -------------------------35%
7,500,001 - 10,000,000 ------------------------45%
10,000,001 + -----------------------------------50%


*Contribution is calculate for each pay period. For pay period from the 1st to 15 day of the month; the pay will be the 16th. Pay period from 16th to last day of the month will be paid the 1st of the following month.

The Silver Hand Mining and Exploration Corp Our success is also your success.


Tolmar
VCEO And Financial EO

Corp Member Salary

You are working hard for your Isk? You feel that your corporation should do a bit more for you. Maybe you haven’t joined a corporation yet. The Silver Hand Corp. is presently looking for few new members.

We strongly believe in human resources, and that’s why the Silver Hand Mining and Exploration Corp. offer you a salary. That’s our way of saying thanks, because members are an important part of any corporation success. You can earn a refund up to 50% of your contribution to the corporation profit. The refund will be paid the 1st and 16th day of each month. Feel free to contact me in game or our CEO Apina Darko for more info.


Tolmar
VCEO and Financial EO of SHMEC

Activity report

5 days already gone since EMFI invest in us. money invested by EMFI was use to buy Gallente Cruiser BPO and Frigate BPO. the ship construction should start around the 7 june 06. for now our Main Activity is mining starting to stockpile mineral for the ship business. I am proud to say we work hard and our NAV already increase by 5% since we get funded by EMFI


Tolmar
VCEO and Financial Advisor of SHMEC

Important News

The Silver Hand Mining And Exploration Corp ( SHMEC) wish to thank the EMFI Manager to place his hope in us. The SHMEC plan to become public in september 2006, so until then we invite all investors to keep an eye on our financial statement.

Silver Hand Mining and Exploration Corp

We are a new corporation witch as an orientation towards mining, production of goods, and exploration of our surrounding universe. We are not a warring Corporation and we don't plan in becoming one, if there's any fight at all, it will be in self defense of our members, allies and interest. We like to mine, explore, trade, and produce in a friendly fashion, not bullying anyone but in mutual respect of others environment. In clear, there is sufficient minerals for every one of us out there.
We are a bilingual (French & English speaking) Corporation, and we are open to anyone that can use one or both of those languages. We are not in a hurry, so if you are in EVE to get all the glory and be famous to all, within a couple of month, sorry but you obviously don't fit the profile. No disrespect intended of course, but there's a lot of Corporations around that will be more than happy to fulfill your desire for fame and glory.
We like to have fun of course, and really enjoy the time we spend together. But we do our job seriously. We are more in favor of making money as a group than for one self. We lke to do all the good things that EVE was made for, except war. War is time and resources consuming and it never end.
Loyalty, integrity, respect and self sacrefice, those are the prime qualities that we seek in our new partners. If you rather use (we, us and ours) when talking to other people, instead of (me, myself and I). You have what it takes to be in our Corporation.
To be accepted into our Corporation, you can be either an experienced pilot or a fresh out from the piloting school, as long as you are in agreement with our rules and fit the profile.
Silver Hand Mining & Eploration Corp.It's not just living, it's a venture.