Esim - Advocate Investments - Day 60 Update
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Advocate Investments - Day 60 Update (Old article)
Posted 12 years ago by
junglejuice    
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First things first, I'm back! Finally was able to get my hard drive replaced so I can now get back to turning a profit for you wonderful folks. I still need to rebuild my spreadsheets that help me calculate gains on various markets as well as individual company profitability so the ramp up won't be instantaneous but I'll get things moving as soon as possible.

Couple things that have happened while I was incapacitated:

1. I sold our q1 weapons company (to myself) for the book value of 20 gold. This was a bit of a result to help give us some capital to work with as we come back online, and a result of the fact that q1 weapons just aren't a profitable product for a company this size. The margins are very small and as a result, a lot of effort has to be taken for much smaller profit when compared to our other companies, so eliminating that company should give me a bit of extra time selling our higher-margin products.

2. Another q1 weapons item, I happened to log in a few days ago to see absolutely 0 q1 weapons on the US market. I promptly sold 2000 of the 3000 we had in stock for about 1 USD each when current market rate is about .8, so it was very nice to unload those products and it also gave us a good amount of USD that will help us get rolling again as we begin to retool the companies with new workers.

3. The wage bubble in the US finally burst, which has had a very large impact on product prices and the profitability levels of different companies. this is one of the reasons I can't just start selling right away because the whole pricing landscape is different than last time I was able to run numbers on our companies. First thing I will rebuild is my profitability calculator and I can hopefully start selling some of our inventory on the local market while I work on getting our foreign market capabilities back online.

4. Today, I donated 150 gold (my entire stash) to the company to be paid out as a dividend. I know it isn't huge but I wanted to give you guys something, especially since this company is built on the premise of constant dividend distributions and I want to make sure you guys stay happy as investors and can get some return out of your investment


That's really it for now, I'll post another update probably in 5 or 10 days as things start moving along. As always, feel free to ask me any questions you have about the company or my plans going forward if I didn't address it here.

And a quick shameless plug: I'm running for Congress again so please consider voting for me.

Until next time, happy investing!

-JJ

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Junglejuice for Congress Re-Election! (12 years ago)

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Advocate Investments - Day 70 Update (12 years ago)

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