March 07 SHMEC Financial Summary

Greeting Dear investors,

First I want to thank all of you for the thrust you put in our little corp. As you all know SHMEC growth slowly and we working hard to make sure your thrust in us worth it. Before I give away all the financial details , I want to let you know since all shares are sold and our income increase I will give 5,000 isk per share at mid month instead of the usual 2,000 isk.

Also this coming Sunday, we will get our first freighter, that should help a lot to increase our trade, production and minerals move. Also in the next month the corp should get at least 2 more Mackinaw and 2 more hulks. The Mackinaw will help to fulfill the new POS fuel contract we just got .

With all those new ships our mining potential should increase again. The end of month dividend will be 300,000,000 Isk, that is 50% of our net income for last month.


SHMEC ASSET ( after dividend)

Wallet: 2,689,823,917.98 ISK

Shares: 183,315,000 ISK

Buy Order: 538,847,706.56 ISK

Sell Order: 260,525,539 ISK

Inventory: 156,311,621 ISK

Minerals in stock : 1,381,099,794.50 ISK

Corp Ships: 769,356,166.40 ISK

BPO: 328,282,660 ISK

POS( Including fuel) : 531,680,085 ISK


SHMEC NAV : 6,839,242,490.44 ISK

NAV per share : 341,962 ISK


Now since our NAV per shares didnt hit the IPO price . SHMEC will buy back any share at IPO price( 650,000 Isk). If you wish to sell your shares back please contact me.

Also I will submit a vote to set the % of net profit going in dividend until our NAV per shares hit the IPO price. The choice will be

1- 25%
2-50%
3-75%

the dividend % will determine how long it will take to reach our IPO price.


Tolmar
SHMEC CEO