AlainDelpiaz wrote:

Aug Company Value: USD$15,483.14
Apr Company Value: USD$2,761.73

The end is near?

If that (rdx bancruptcy) happens, that alone would drive RAIIUS nav through 1.30 L$ per share.

Last edited by AndyGrant (2010-04-30 08:56:42)

AlainDelpiaz wrote:

I'm kinda worried about my investment here. Do you still offer coverage on RDX Andy?

But of course.

What kind of coverage do you need ?

RDX Div=L$0.0226/share

Still paying dividends, still holding 16 sims, still operating at a loss.  Hoping things pick up in August like they did last year.

--------------------------------
Timeframe: Apr 15 - May 14 
Planned Div Payment Date: May 31
Planned Div Payment Amt: L$90,914

*Income & Expense*
L$ Sold: USD$2,851.70 = L$770,000 (final avg rate: 270.014L$/USD$)
Sim Cost: USD$4,720 = L$1,274,466 (16 full sims)
Profit: USD$-1,863.30 = L$-504,466
(Oct Advance: USD$1500.00 = L$404,345.7)
(Nov Advance: USD$1500.00 = L$404,355)
(Dec Advance: USD$750.00 = L$201,970)
(Jan Advance: USD$500.00 = L$134,982)
(Feb Advance: USD$1500.00 = L$404,386)
(Mar Advance: USD$300.00 = L$80,901)
(Apr Advance: USD$1500.00 = L$404,503)
(May Advance: USD$500 = L$134,833)
June Advance: USD$2200 = 594,031
NET: USD$336.70 = L$90,914

*Dividend*
Planned Dividend: ~100% of NET (L$90,914) across 4,018,619 shares = 0.0226/share
"Scaled" dividend equivalent (based on "actual" 100 million shares, 24.88417 factor) = L$2,262,319

*Liquid Assets & Debts*
Paypal: USD$3,846.50 USD = L$1,038,619
In Transit From LL: USD$0 = L$0
In Bank: USD$129.66 = L$35,010
In Transit From PayPal: USD$0 = L$0
SL holdings In L$: L$5,027 = USD$18.62
CASH ASSET SUBTOTAL: USD$3,994.78 = L$1,078,647
Remaining Balance on CC: USD$19,000.00  = L$5,130,266
CASH ASSETS TOTAL: USD$-15,005.22 = L$-4,051,620

*Nonliquid Assets*
16 Sims @ USD$1,000/sim: USD$16,000 = L$4,314,665

*Company Assets Value (sim value + cash position)*
USD$994.78 = L$268,605 (L$0.067/share)

*Monthly Valuation Analysis*
Aug Cash Total/Company Value: USD$-8,516.86 / USD$15,483.14
Sep Cash Total/Company Value: USD$-7,615.17 / USD$16,384.83
Change: +USD$901.69 / +USD$901.69 = +L$243,063 / +L$243,063
Oct Cash Total/Company Value: USD$-7,941.87 / USD$16,058.13
Change: USD$-326.7 / USD$-326.7 = L$-88,069 / L$-88,069
Nov Cash Total/Company Value: USD$-9,216.10 / USD$8,784.13
Change: USD$-1,600.93 / USD$-7,600.70 = L$-431,120 / L$-2,046,817
Dec Cash Total/Company Value: USD$-10,691.37 / USD$5,308.63
Change: USD$-1475.27 / USD$-3,475.50
Jan Cash Total/Company Value: USD$-10,426.42 / USD$5,573.58
Change: USD$+192.95 / USD$+192.95
Feb Cash Total/Company Value: USD$-10,229.69 / USD$5,770.31
Change: USD$+196.73 / USD$+196.73
Mar Cash Total/Company Value: USD$-11,365.55 / USD$4,634.45
Change: USD$-1,135.86 / USD$-1,135.86
Apr Cash Total/Company Value: USD$-13,238.27 / USD$2,761.73
Change: USD$-1,872.72 / USD$-1,872.72
Apr Cash Total/Company Value: USD$-15,005.22 / USD$994.78
Change: USD$1,766.95 / USD$-1,766.95

*Discussion*
I've been mulling over what to do about the state of affairs... a rather complicated situation happened this month, and although in the larger scheme of things it's just a somewhat larger drop in a bucket, the impact it had on this one month means it bears explaining.

My rental managers long time assistant whose job it is simply to manage tenants used his group permissions status to acquire what amounted to about 6 sims worth of tier.  After this, he used the money he collected to rent sims from ANOTHER land baron and messaged all the tenants whose tier he had acquired telling them to move to his new sims.  In the ensuing chaos, some left not even realizing that they were moving to a different persons sims, some complained that they had already paid tier and didn't understand why i was still trying to collect it, some messaged asking why I was forcing them to move.

The hope of the now obviously fired former assistant was that I would evict everyone who had paid tier to him instead of to me, which would force them to move to his sims.  Counting the tier off as a loss and not wanting to aid my newfound competition, I counted their tier as paid and am allowing them to continue to stay on my sims despite the fact that they inadvertently paid tier to the wrong person.  This of course has thrown a wrench into the plans of my former assistant as he now has 6 sims he was expecting to fill up with my tenants, whereas only about 1 sims worth of my tenants actually wound up moving, leaving him with 5 empty sims.  From what I hear most of the ones who moved have already left as the former managers aspirations to run his own business were not backed up by any sort of know-how, and he essentially bit off way more than he could chew.  This of course doesn't help me at all, but knowing that all of the money he got ahold of is now in the hands of another land baron and not the thief, and that now the former assistant no longer has a job in SL (which as I understand it was his only source of RL income) makes me feel somewhat justified.

This whole situation however is only one small piece to the puzzle.  For those watching the numbers, you've watched the company value plummet from 15,000 dollars to 1,000 dollars over the course of the last 9 months.  While this is undoubtedly alarming to a casual onlooker and I've had several people ask what happens when it hits zero, the short answer to this is: nothing.

The company doesn't actually have to have a positive value in order to operate, and actually at one point in 2008 the company value was in the negative $-30,000 USD.  The limiting factor can not be derived from the company value, because the company value takes into consideration the value of the sims themselves.  In fact, its entirely possible to have a very high company value and be completely fiscally insolvent if I have a lot of sims contributing to the value.

For example, right now my company value is roughly 1,000 USD.  As I'm holding 16 sims, this means that my total debt is 15,000 USD and my sim value is 16,000 USD (which is somewhat arbitrary as I chose to value the sims at 1,000 USD so the company value wouldn't drop as I bought new sims).  IF however I was currently holding 40 sims with a company value of 1,000 USD, this would mean that my total debt was $39,000 USD, which would be a severe issue.  In the last 9 months I've gotten rid of 10 sims, which is responsible for 10,000 USD of the company value decline, the remaining 5,000 USD being the actual operating loss.

In the last 9 months the company has lost on average roughly 550 dollars per month in operating capital.  In the last 9 months I've paid on average about 400 USD per month in dividends, and about 150 USD per month in interest on the outstanding debt.  Ignoring little bits and pieces for Paypal payment fees and the fact I'm rounding numbers, this paints a fairly clear picture:  My income and my expenses are pretty much matched 1 to 1 inside of SL, however my company doesn't generate enough monthly profit to pay for its interest and its dividends.

This brings us full circle to my conundrum: what if anything should I change?  Even if I halt dividends I can't halt interest fees, and the way things have been going especially over the last 6 months, I'm not generating enough profit to cover even the interest payments.  I can't afford to close the company outright because within 1 month my cash balance would permanently drop to zero, the interest on the debt would accumulate, and with no cash coming in payments on the company credit card would stop and I'd wind up defaulting.  In the last 9 months we've "lost" roughly 5,000 dollars, however the remaining credit line still has about 20,000 left, so the way things are going I could very easily keep doing this for another 3 years, but unless SL picks back up, sooner or later the end result is inevitable.  On the upside, there's not a lot of difference between defaulting with 15,000 debt and defaulting with 30,000 debt, so if SL never picks up and that's the inevitable end result, there's no reason to rush it to a close.

This is not the first time this kind of thing has happened, there was a severe dry spell all through the summer of 2008 while I was in Japan.  Shortly after LL repriced full sims from 1,675 to 1,000 USD around March of 2008, tons of competition came in and screwed up my cost basis (me having paid 66% higher for my sims).  Shortly after, prim count on void sims was doubled, causing people to move away from full sims, THEN void sim price was doubled, wreaking havoc on those of us who invested in void sims.  During that time the company value and operating profit was far far worse than the current state of things, which is why I'm able to look at the current situation without batting an eye.

The company is incredibly durable due largely to my phenomenal credit history running this company and my overt stubbornness.  It has a fairly solid credit line, hard working employees, long term renters that have been with me since late 2006, and at the end of the day no matter how bad things get, I can have LL delete empty sims, cut my losses, and turtle back to my core sims and break even until things pick back up.
--------------------------------

(EDIT: Reworded part of my rant for the sake of clarity)

Last edited by ReduxDengaku (2010-05-17 23:47:16)

I say continue running the biz. Try to find and optimize little edges here and there. If you can cut costs a little bit and increase profits some then it might work. In one word - try to optimize.

AndyGrant wrote:

Kick their ass back to stoneage Redux!

But seriously, you can cut the dividends without the shareholders complaining i'm sure, you're the company that pays the highest and most consistent dividend yield in SL for the time being. I think it's better to save some of those dividends to help build up some equity.

sounds like andy has a buy order at 0.1 $L...

AndyGrant wrote:

caspertrebuchet wrote:

sounds like andy has a buy order at 0.1 $L...

I don't.

But i don't think RDX is trading below 2 due to low dividends, but instead on risk of bancruptcy.

Of course if shareholders desire to risk bancruptcy at the shortterm advantage of receiving higher dividends then go ahead.

If RDX would go bankrupt then surely not because of the dividend payments…how about a  business model which doesn’t fit any more to the circumstances?…
Since IPO at WSE which was set at 1$L RDX has paid over 1$L on dividends, quite a nice performance if you are asking me and she created shareholder value without any drama, not a lot of virtual companies can claim that for themselves.
The question is therefore less about the dividends as such but how the business model will change if it has to  But I think Redux knows best what she has to do and if not – well in the stone age as you are mention it the nomads commonly sat  around fireplaces and chewed on some mammut bones, hopefully that also might happen here, also I prefer deer I have to admit – elephant is too greasy for my taste..

Casper Flintstone

AndyGrant wrote:

Remember when Redux entered the land market ? The whole adventure started out by not paing a single dime in dividends for about 6 months.

To be specific, I was actually technically in the land market before the WSE and continued to pay dividends from March 2007 to September 2007 while running 5 sims.  Dividends halting later on was partly due to my growing distrust of the WSE bank system (which I had observed making repeated accounting failures that required hand processing), but mostly related to closing the scripting business the following February which whacked about 40% of my monthly profit, causing me to be unable to generate the minimum 0.01 linden per share requirement the WSE had (which would have been 1 million lindens profit per month at my 100 million share company).

I can't really claim credit for that being a business decision, whether wise or foolish, because it was more a result of numbers being what they were, and paranoia about entrusting any significant amount of money to someone else (regardless of who it may have been).  The only way I could have paid dividends at that time would have been to pay 100% of my net out as a dividend (4% of which the shareholders would keep), and keep the 96% for myself.  The WSE was set up such that I would have to run the company and accumulate my expenses and income separate, run ALL the money through the WSE (which at full tilt was around 4 million lindens), then the 96% that came back was supposed to be used to pay expeses.  I didn't find the logic in paying out my NET as a dividend and then paying company expenses with the companies share of the dividend, and there was no way I was going to put 100% of my monthly net into someone else's hands.

At any rate, ultimately the dividends are a somewhat trivial amount of money in the big scheme of things, and they keep people happy.  The fact is, In the long run, my company is not going to outlive me.  Eventually SL closes down or I get too old and blind and arthritic to use a computer, and when that happens I'd rather have paid out as much as possible in dividends and had happy shareholders, than have a huge roaring business that's never paid a dividend suddenly come crashing to a halt.  Ultimately I'm in this business for you guys.  If it weren't for the shareholders, I probably wouldn't have ever seriously gotten into land, and I've lived rather well for the last 4 years off of the profit generated by this company.

I guess I think of the dividends as "please don't kill Redux" insurance for those times when I make bad decisions.

AlainDelpiaz wrote:

Although the talk that surrounds this company worries me and makes me doubtful, the dividends do keep me happy. So keep 'em coming

Sir, I assure you that the orchestra will continue playing until their instruments are submerged!

elialemorigi wrote:

Titanic?

Close, i think.

But people on the Titanic had the impression they had no choice, and they very much had no choice. Here, people choose to dance beyond morning hours, and hate to miss a single minute of what is one helluva party.

And the party goes on, even after the music stops the memory of the dividend beats remains. Even the lights are off, but the house is on fire, and the party may go on.

So instead of Titanic, i'd call this a neverending party at the Chockolate factory

There is no life I know to compare with pure imagination. 
Living there, you'll be free, if you truly wish to be.

Last edited by AndyGrant (2010-05-21 15:17:40)

Even if I assume you were exaggerating, that's a pretty bleak picture of "support and care" implying even less concern given to us "regular consumers and users" of SL (not like you exalted estate/sim owner receive with concierge level support, etc!)

RDX Div=L$0.0240/share

How do I add numbers?

--------------------------------
Timeframe: Jun 15 - Jul 14 
Planned Div Payment Date: Jul 31
Planned Div Payment Amt: L$

*Income & Expense*
L$ Sold: USD$4,951.76 = L$1,375,000 (final avg rate: 277.6790L$/USD$)
Sim Cost: USD$4,425 = L$1,228,730 (15 full sims)
Profit: USD$526.76 = L$146,270
(Oct Advance: USD$1500.00 = L$404,345.7)
(Nov Advance: USD$1500.00 = L$404,355)
(Dec Advance: USD$750.00 = L$201,970)
(Jan Advance: USD$500.00 = L$134,982)
(Feb Advance: USD$1500.00 = L$404,386)
(Mar Advance: USD$300.00 = L$80,901)
(Apr Advance: USD$1500.00 = L$404,503)
(May Advance: USD$500 = L$134,833)
(June Advance: USD$2200 = L$594,031)
(July Advance: USD$1,700 = L$460,826)
(Aug Advance: USD$-180.06 = L$-50,000)
NET: USD$346.70 = L$96,270

*Dividend*
Planned Dividend: ~100% of NET (L$96,270) across 4,018,619 shares = 0.0240/share
"Scaled" dividend equivalent (based on "actual" 100 million shares, 24.88417 factor) = L$2,395,599

*Liquid Assets & Debts*
Paypal: USD$2,510.83 USD = L$697,205
In Transit From LL: USD$0 = L$0
In Bank: USD$4,269.47 = L$1,185,542
In Transit From PayPal: USD$0 = L$0
SL holdings In L$: L$0 = USD$0
CASH ASSET SUBTOTAL: USD$6,780.30 = L$1,882,747
RETRACTION: **Remaining Balance on CC: USD$25,432.00  = L$7,061,932**
Remaining Balance on CC: USD$23,471.65  = L$6,517,584
RETRACTION: **CASH ASSETS TOTAL: USD$-18,651.70 = L$-5,175,189**
CASH ASSETS TOTAL: USD$-16,691.35 = L$-4,634,837

*Nonliquid Assets*
15 Sims @ USD$1,000/sim: USD$15,000 = L$4,165,185

*Company Assets Value (sim value + cash position)*
RETRACTION: **USD$-3,651.70 = L$-1,014,000 (L$-0.252/share)**
USD$-1,691.35 = L$-469,652 (L$-0.1168/share)

*Monthly Valuation Analysis*
Aug Cash Total/Company Value: USD$-8,516.86 / USD$15,483.14
Sep Cash Total/Company Value: USD$-7,615.17 / USD$16,384.83
Change: +USD$901.69 / +USD$901.69 = +L$243,063 / +L$243,063
Oct Cash Total/Company Value: USD$-7,941.87 / USD$16,058.13
Change: USD$-326.7 / USD$-326.7 = L$-88,069 / L$-88,069
Nov Cash Total/Company Value: USD$-9,216.10 / USD$8,784.13
Change: USD$-1,600.93 / USD$-7,600.70 = L$-431,120 / L$-2,046,817
Dec Cash Total/Company Value: USD$-10,691.37 / USD$5,308.63
Change: USD$-1475.27 / USD$-3,475.50
Jan Cash Total/Company Value: USD$-10,426.42 / USD$5,573.58
Change: USD$+192.95 / USD$+192.95
Feb Cash Total/Company Value: USD$-10,229.69 / USD$5,770.31
Change: USD$+196.73 / USD$+196.73
Mar Cash Total/Company Value: USD$-11,365.55 / USD$4,634.45
Change: USD$-1,135.86 / USD$-1,135.86
Apr Cash Total/Company Value: USD$-13,238.27 / USD$2,761.73
Change: USD$-1,872.72 / USD$-1,872.72
May Cash Total/Company Value: USD$-15,005.22 / USD$994.78
Change: USD$-1,766.95 / USD$-1,766.95
June Cash Total/Company Value: USD$-14,473.80 / USD$526.20
Change: USD$531.42 / USD$-468.58
RETRACTION: **July Cash Total/Company Value: USD$-18,651.70 / USD$-3651.70**
RETRACTION: **Change: USD$-4,177.90 / USD$-4,177.90**
July Cash Total/Company Value: USD$-16,691.35 / USD$-1,691.35
Change: USD$-2,217.55 / USD$-2,217.55

1,691.35


*Discussion*
RETRACTION: **I haven't figured out what happened yet this month.  According to SL I sold roughly 5000 USD worth of lindens and only spent about 4,500 on tier.  Yet somehow despite profiting a little over 500 dollars, I have 4,000 dollars less than I did last month.  Unfortunately my banks website seems to be down at the moment, so I'm not able to do a full audit of where the cash went.  I'm assuming this is a billing anomaly that has to do with cash shifting around between SL, paypal, the bank, and the credit card on file with LL, because there's no way my tier ended up costing 8,000 USD this month and I haven't purchased any sims.  I'll post a follow up when I figure out what's going on.  What's probable is that due to the way I do billing, the huge loss I took the month before when the land manager ripped off a few sims worth of tier is only just now showing up.  At any rate, this past month we brought in far more money than we spent and all the sims are full, so I need some time to get my head around how cash value goes down when I turn a profit.**

I discovered an error in my computation of last months profits.  The numbers reflected that even though I had profited about 700 dollars in the month of June, that I had somehow lost 4,100 dollars.  The billing anomaly was due to the inclusion of the July cash authorizations that LL has on my credit card for the following month in the prior months expenses.  In essence, I had accidentally combined an additional 15 days of tier into my tier bill while adding up the cash total.  As for the remaining 2,700 that's missing, this is partly due to shifting money between two credit cards (there's a backup credit card on file that had gradually accrued 2,000 dollars of tier that I needed to pay off and generally don't include in the billing), and partly residual echo from my land manager robbing me the month before which didn't completely show up on the credit card until the current statement.  One of the difficulties in doing my bills is that my credit card statements don't come in consistently.  By the time I get a statement, there's a 15 day lag on the bill, so my profit statements on the 15th are actually the sum of the tier I collected from June 15th to July 14th, minus the tier I paid from June 1st to June 30th.

I'm expecting that the profit made this month will show up in next months bill, but quite frankly I really don't understand accounting very much.  When I was profiting 7,000 USD a month it was much easier to disguise the fact that my accounting skills are poor.  Now that things are down to nickels and dimes it's much more apparent that I'm really bad at adding up numbers.  That said, my ability to add up numbers doesn't directly impact the money coming in or out, only my ability to understand it properly.  Even with superb accounting, cash lost and gained would be the same, just that it would be reported in a more logical fashion.
--------------------------------

Last edited by ReduxDengaku (2010-07-19 22:40:37)

RDX Div=L$0.025/share

Really straightforward month

--------------------------------
Timeframe: Jul 15 - Aug 14 
Planned Div Payment Date: Aug 31
Planned Div Payment Amt: L$98,564

*Income & Expense*
L$ Sold: USD$4961.02 = L$1,375,000 (final avg rate: L$277.16/USD$)
Sim Cost: USD$4,425 = L$1,226,433 (15 full sims)
Profit: USD$536.02 = L$148,567
(Oct Advance: USD$1500.00 = L$404,345.7)
(Nov Advance: USD$1500.00 = L$404,355)
(Dec Advance: USD$750.00 = L$201,970)
(Jan Advance: USD$500.00 = L$134,982)
(Feb Advance: USD$1500.00 = L$404,386)
(Mar Advance: USD$300.00 = L$80,901)
(Apr Advance: USD$1500.00 = L$404,503)
(May Advance: USD$500 = L$134,833)
(June Advance: USD$2200 = L$594,031)
(July Advance: USD$1,700 = L$460,826)
(Aug Advance: USD$-180.06 = L$-50,000)
(Sep Advance: USD$-180.40 = L$-50,000)
NET: USD$355.62 = L$98,564

*Dividend*
Planned Dividend: ~100% of NET (L$96,270) across 4,018,619 shares = 0.025/share
"Scaled" dividend equivalent (based on "actual" 100 million shares, 24.88417 factor) = L$2,452,683

*Liquid Assets & Debts*
Paypal: USD$4,479.88 USD = L$1,241,644
In Bank: USD$589.29 = L$163,328
SL holdings In L$: L$17,372 = USD$62.68
CASH ASSET SUBTOTAL: USD$5,131.85 = L$1,422,344
Remaining Balance on CC: USD$22,000 = L$6,097,520
CASH ASSETS TOTAL: USD$-16,868.15 = L$4,675,176

*Nonliquid Assets*
15 Sims @ USD$1,000/sim: USD$15,000 = L$4,157,400

*Company Assets Value (sim value + cash position)*
USD$-1,868.15 = L$517,776 (L$-0.1288/share)

*Monthly Valuation Analysis*
Aug Cash Total/Company Value: USD$-8,516.86 / USD$15,483.14
Sep Cash Total/Company Value: USD$-7,615.17 / USD$16,384.83
Change: +USD$901.69 / +USD$901.69 = +L$243,063 / +L$243,063
Oct Cash Total/Company Value: USD$-7,941.87 / USD$16,058.13
Change: USD$-326.7 / USD$-326.7 = L$-88,069 / L$-88,069
Nov Cash Total/Company Value: USD$-9,216.10 / USD$8,784.13
Change: USD$-1,600.93 / USD$-7,600.70 = L$-431,120 / L$-2,046,817
Dec Cash Total/Company Value: USD$-10,691.37 / USD$5,308.63
Change: USD$-1475.27 / USD$-3,475.50
Jan Cash Total/Company Value: USD$-10,426.42 / USD$5,573.58
Change: USD$+192.95 / USD$+192.95
Feb Cash Total/Company Value: USD$-10,229.69 / USD$5,770.31
Change: USD$+196.73 / USD$+196.73
Mar Cash Total/Company Value: USD$-11,365.55 / USD$4,634.45
Change: USD$-1,135.86 / USD$-1,135.86
Apr Cash Total/Company Value: USD$-13,238.27 / USD$2,761.73
Change: USD$-1,872.72 / USD$-1,872.72
May Cash Total/Company Value: USD$-15,005.22 / USD$994.78
Change: USD$-1,766.95 / USD$-1,766.95
June Cash Total/Company Value: USD$-14,473.80 / USD$526.20
Change: USD$531.42 / USD$-468.58
July Cash Total/Company Value: USD$-16,691.35 / USD$-1,691.35
Change: USD$-2,217.55 / USD$-2,217.55
Aug Cash Total/Company Value: USD$-16,868.15 / USD$-1,868.15
Change: USD$-176.80 / USD$-176.80


*Discussion*
This month was really cut and dry.  There were no significant events, no sims were added or lost, and everyone paid their bills.  We brought in roughly 5,000 dollars and the cost of the sims was roughly 4,500 dollars, leaving a 500 dollar profit margin, 300 of which will be paid out as a dividend and 200 of which is being put into company savings.

I'm starting to understand why the company is losing cash position in months that are only slightly profitable.  The thing of it is, I don't compute the monthly profit based on lindens in lindens out, I directly translate the linden dollars sold into "profit" and the sims billed to me as "cost".  This eliminates the need to track any minor expenses in and out such as miscellaneous group fees and my 300 linden weekly stipend.  However, when I pay out a dividend, these lindens are brought in and never sold.  They never get sold or touch the bank account.  What this means is when I computer cash in and cash out, the dividend is basically being lumped in as an in world "expense".  While this is logical (as it is an expense to the company that isn't recouped), it does screw with the profit margins.  In essence, my shareholders constitute an artificial 16th "sim".

In short, if I sell lindens and profit 600 dollars in July and pay out a 300 dollar dividend, that 300 dollar dividend is showing up as an expense in August.  As for the cash value/company assets bit not adding up, interest charged on the credit line for the standing balance ends up coming directly out of the assets (of course my interest is an expense which doesn't go through SL).

So basically, if I profit 600 dollars in a month (which I should be able to), 300 is going toward credit interest and 300 goes to the dividend, the cash position doesn't budge.  I'm not sure how i'm going to go about coming up with 22,000 dollars to eliminate the credit line (or if I even need to), but taking a lower interest loan would be tremendously useful to me, as right now it runs me 1% per month.
--------------------------------