       |
| We have several initiatives to build involvement, cashflow and reserves |
|---|
|
NEWS...
2010-06-23 (1) : Cash-flow is down! We might have to move tenants around a bit, perhaps put a new tenant into 18 and add a new flat to 33 and/or add a new flat to 18. It's a catch-22: Cash flow is down but we need money to do this! 2010-06-23 (2) : Rent increases from August 2010-06-23 (3) : New leases to include a payment towards electricity 2010-06-23 (4) : To encourage cash-flow, you will now earn 24% per annum on rent paid in advance. This will apply for the next six months, after which the existing clauses will apply 2010-06-23 (5) : Shares for rent is currently mid-way between a property value of R 940,000 each and our shares with rent price 2010-04-30 : Our "Use Alice's rates!" clause has been upgraded to a "Two+One" clause 2010-04-29 : All electricity accounts are up to date and our special "Catch-up" clause has been rescinded 2010-04-29 : ProCubed Investments meeting with PeterZ, TACS, Alice and Tenant to (1) discuss the meeting we had with the developers on the 22nd and (2) walk around our website looking at disciplines and initiatives. Everything on the table and website was accepted by all, including important points such as the development of the A4CB feeder fund and the high T9PF buy-sell differential 2010-04-28 : WakeUp! pricing now applies to the 2,400 T9PF that we have up for grabs in the form of 200 batches of 12 T9PF per batch 2010-04-26 : After meeting with the developers, our asking price has been inflated by R 593,000! However, our repurchase price has NOT been inflated by R 593,000. Instead, we are leaking R 500 per day into our repurchase price, effectively adding about 4.88% pa to the upside pressure on our repurchase price 2010-04-24 : The D1RE has dropped our second property into the T9PF and has started collecting for our next purchase 2010-04-21 : The transfer to A4CB rule has been applied 2010-04-15 : Our 101 Great Deals have been sold-out!!! 2010-04-06 : The T9PF has acquired controlling interests in the D1RE 2010-04-03 : The deposits of T9PF tenants will be stored as A4CB shares 2010-04-01 : Gardening has be increased from R 90.00 to R 110.00 2010-03-23 : To guide the T9PF and to add momentum to the A4CB, minimum T9PF holding rules have been set 2010-03-20 : The bonus on Buy or cover 100 T9PF has been rescinded 2010-03-06 : The 3% on rent paid 1st, 2nd or 3rd has been rescinded 2010-03-06 : If your rent is late, the period of protection that you will lose just one or two T9PF shares has been reduced from 28 days to 2 days 2010-03-05 : Due to a low rate of subscription, our shares with rent price has been reduced to just R 76.00 each! 2010-02-08 : The T9PF and D1RE price curves have been re-tuned to market conditions. The T9PF property has been shaved (by R 21,313) down to R 780,000 and the D1RE property has been lifted (by R 164,530) to set the D1RE to R 1,000.00 2010-02-05 : Getting ready for new equity partners 2010-01-29 : ProCubed Investments has been re-proportioning 2010-01-28 : From the time we first graphed our price history, we have been concerned about the first three years that our share price clearly did not track the market. This has been fixed. The members of ProCubed Investments have reduced the T9PF share pricing errors over this period and reallocated shares according to the corrected pricing. Some deals received more shares. Some deals received less. Overall, there are now a few more shares in circulation which, given that we are currently under-valued, is not a problem. The important thing is this: All share holders are happy with the reallocation of shares! 2010-01-27 : PeterZ met with HH regarding take-over of monitoring. A quote will be emailed 2010-01-26 : The impact of the first round of sales of our 101 Great Deals has been modeled. If only these fourteen deals go through, we will raise our investments to about R 361,633 which will duly push our asset to about R 736,064. This is expected to lift our share price to around R 108.27 and our WakeUp! price to around R 99.90. In the interests of simplicity, predictability and the opportunity to move deals, the current pricing of our 101 Great Deals will not change for the pending round of sales. If you want a share of these deals, do not be slow to take from someone else! What you do not grab, someone else will 2010-01-25 : A database audit has revealed that our 1-in-20 bonus rule was missed on five transactions. To correct this, Alice has been allocated three 1-in-20 bonus shares (1 T9PF on each of 2009-03-06, 2009-05-07 and 2010-01-04), PeterZ has been allocated twelve 1-in-20 bonus shares (on 2009-08-07) and TACS has been allocated eleven 1-in-20 bonus shares (on 2009-08-07) 2010-01-25 : Some key T9PF trades 2010-01-25 : Member's loan accounts that have been built up will be used to drive a re-proportioning of ProCubed Investments. Majority members will be allocated closest percentile rounded up and minority members will be allocated closest percentile rounded down. Allocations will reflect current T9PF holding. T9PF share holders who are not members of ProCubed Investments will be allocated pro-rata to those who are members ProCubed Investments. Proportions should be updated every time a loan account reaches 5% of T9PF holding, or when a minority member should drop to the next lower percentile. Members will be encouraged to maintain a minimum of 10% 2010-01-25 : Because of the ProCubed Investments drive to sell T9PF shares at deeply discounted prices, SECC has increased the T9PF buy/sell differential to 7.466%. (The T9PF now buys back at 7.466% less than the T9PF selling price) 2010-01-24 : PeterZ and TACS assessed three show houses on the other side of the valley. R 1,500,000, R 1,450,000 and R 1,200,000. In comparison, our existing pieces at R 712,794 and R 1,298,638 are under priced and what we want for R 2,500,000 is (at least for now) over priced 2010-01-14 : PeterZ has opened negotiations with a potentially new, trusted and valuable strategic partner... WATCH THIS SPACE! (Note : This is not a new equity partner! New equity partners can-and-might come later) 2010-01-11 : For a limited time, you can buy shares with rent for just R79! 2010-01-06 : Earn 12% per annum if you pay rent in advance! 2010-01-02 : Rent increase will be only 5% for the five months from March to July! Depending on how successfull our current fund raising is, we may- or may not- have another increase from August 2009-12-01 : Score when you work for ProCubed Investments! 2009-11-23 : Lease fees have been set to R 200 2009-11-14 : Tenant's deposit will now track R 21 on every R 19 of rent. It is hereby confirmed that at the meeting dated 2010-01-24 all present where reminded that tenant deposit should be at least two months rent. It was agreed that this deposit-tracking rule will be applied before (for example) any rent in advance is calculated 2009-03-02 : Bonus shares to be taken by unpaid electricity 2009-02-01 : An additional 7% on early payment available to tenants 2008-02-16 : Buy shares or pay your rent early and get a bonus |
| Great WakeUp! Deals |
If you owe anything to ProCubed Investments, up to half of the T9PF shares purchased will be taken to cover your debt
