As expected, the $10,000 of capital injection into our Paypal account did not last more than 2 days.  Hopefully, the funds were distributed to those that needed them first.  There have been individuals who notified us that Paypal was not an option for them, and that they would prefer to withdraw their funds in-world.  We will now move forward to bringing in more Linden Dollars into our reserve.  Our target goal will be to bring our Linden reserve up to 4M before opening up the ATM for withdrawals.  We expect this to take approximately 2-3 weeks from today.  We wish that we could move faster to do this, but unfortunately, it takes time to liquidate investments and be able to purchase the large quantity of L$ without incurring significant loss.  Our rough target date for opening our ATMs for withdrawal is around Feb. 1.

At the peak of our business before the announcement of LL’s new policy, we were approaching 100M in deposits.  So far, we have been able to work our liabilities down to approximately 67M in deposits.  We do feel that this is a significant achievement given the short notice.  However, we are only one-third of the way there, and expect that it will take an additional 1-2 months to completely stabilize our business to the point that we can remove the withdrawal limits.  Hopefully, the next 2-3 weeks will show more progress than the last two weeks.