[12:12] Tyrian Camilo shouts: Welcome everyone! Please bear with me as i did not prepare for any speach, i'm just going to speak my mind![12:13] Tyrian Camilo shouts: For most this new policy struct as very sudden, but i had anticipated something like this for months now. Not the specifics, but knew something is coming on. Like usual, it's my duty to have contingency plans
[12:14] Tyrian Camilo shouts: Contingency plans i had, however, the ones SLIB alone can achieve are undoable due to the exact contents of the new policy. I have already contacted several key figures if it would be possible to combine forces
[12:15] Tyrian Camilo shouts: I've already initiated discussions with the key people to achieve the true, best of all contingency plan. That is acquiring an Real World, Real Life banking license. That has huge requirements, and SLIB, like every virtual bank in second life are still small businesses. Thus combination of forces is needed.
[12:16] Tyrian Camilo shouts: But i assure you, we are not going to be going out of business. The new policy DOES NOT deny loaning, and all our subsidiaries are very well profitable, and will provide the stable stream of revenues to ENSURE client fund availability.
[12:18] Tyrian Camilo shouts: The effect of having funds on other virtual banks to us is yet to also reveal itself, and i do hope we can get atleast close to 100% of those funds into our possession again. However, as this hits everyone, the money movement WILL be slow towards us, however, as a larger entity, i suspect we will be getting higher priority on receiving funds back to our hands.
To be continued ...