More info: http://k5m.org/ir/08annualmtg.html.

Just posted my first Quarterly Report for K5M. Not much action in it, as the year has been pretty quiet so far.

If you calculate the assets of K5M ($1,180.35) and compare that to the number of shares sold so far (1617) then we have established the face-value of a share to be $0.73.

The most recent trade was $1.75, which shows optimism on behalf of my shareholders.

It will be interesting to see how the value fluctuates after the auction.

I've been making a daily video on Flickr.

Why Flickr and not Vimeo? I don't really know. Partially because the shiny newness of Flickr video was exciting, and also the limit of 1 min and 30 sec is pretty perfect for making a daily video, and I was also following Jona's lead. Curt proves that of course the same thing can be done on Vimeo.

Anyway, I think I've been getting better at making them and I thought I'd let you all know. Here's the recent ones:

Update on Project Celestim from our man on the ground:

I just had a talk to Celistim and he has some problems to work out with his chicken egg plan.

1. Time. He is an only child at home and lives with his mother, (I do not know where the father is) so after he works for us 12 hour nights he has to go home and carry water for the house and some other chores.

2. Land. He had the land promised him from another man, but when he went to start putting up a fence and chicken house the land had been tilled and crops were growing. The man said he was late so let someone else have it.

3. Worker. Most young people here that want a job already have one so the boy he wanted to work for him can not do it now.

The UrHo corporate retreat is happening this weekend in Portland. This year we're not having any meetings or seminars. Instead we will be working on finishing the server move. Curt will be in town and I'm guessing we won't see anyone but hopefully in the end we'll have a much smoother running UrHo.