BNTFRE: BNTFRE

The Answer for Trust in Land and Value

Total shares: 4,199,210

Prospectus

Company Tagline

The Answer for Trust in Land and Value

CEO's Real Life Name

Mike Lorrey

CEO's Real Life Location

New Hampshire USA

Board of Directors

Intlibber Brautigan - CEO
Cliff Eclipse - President
Kaddan Yue – Vice President, Operations
Duchess Shepherd – Vice President, Human Relations
Mark Lock - Vice President, Facilities
Elwood Abernathy - Director
Rasta Bourgain - Director
Director: to be elected
Director: to be elected
Director: to be elected

Cash on hand

50000

Land owned

650000

Tangible Assets

4750000.00

Monthly Income

860000

Monthly Expenses

800000

The Proposal and Direction of BNTF REIT

Brautigan & Tuck Financial (BNTF) came into existence as a result of a rescue takeover of My Second Bank (M2B), formerly known and registered as Meta Bank in Second Life(SL). This occurred in September of 2007. BNTF assumed all assets, liabilities, and capital at a time when there was a “run” on all banks as a result of the Ginko fiasco. Immediately, we were beset by many attacks upon the bank. Then as the bank refurbished software, and in the process relocating its server to a more desirable physical location, Canada. Shortly thereafter came the Linden ruling requiring banks to become regulated in Real Life (RL), and to show accreditation to that extent, even though real life law prohibits real life banks from handling Linden Dollars (L$). No longer will interest be a vehicle for residents’ savings accounts. This bank, BNTF, has paid its dues as an entity that has too much plain bad luck. It is time for all that to change. It is the reason for the following proposition.

BNTF as a subsidiary of Brautigan & Tuck Holdings, (BNT) has remained asset rich, but has had difficulty maintaining liquidity as customers withdrew funds but did not participate in the local economy from which BNT draws its revenues.

It has remained watchful of the methods of other financial institutions in order to see what will be the most beneficial means of handling an onslaught of depositor withdrawals. It is believed that the form of a Real Estate Investment Trust (REIT) will suit the purpose, and it is to that extent that the bank moves now.
REIT (from http://www.investorwords.com/)
Definition
Real Estate Investment Trust. A corporation or trust that uses the pooled capital of many investors to purchase and manage income property (equity REIT) and/or mortgage loans (mortgage REIT). REITs are traded on major exchanges just like stocks. They are also granted special tax considerations. REITs offer several benefits over actually owning properties. First, they are highly liquid, unlike traditional real estate. Second, REITs enable sharing in non-residential properties as well, such as hotels, malls, and other commercial or industrial properties. Third, there's no minimum investment with REITs. REITs do not necessarily increase and decrease in value along with the broader market. However, they pay yields in the form of dividends no matter how the shares perform. REITs can be valued based upon fundamental measures, similar to the valuation of stocks, but different numbers tend to be important for REITs than for stocks.

Business Overview

As can be seen from the above figures above BNTF is land rich. Sales of land and collection of tiers are the mainstay of this Investment Trust. Although the continuous income gained by capital comes with its toll of tier expenses as well, it is the intention of this Trust to take advantage of future sales and marketing of land and to rely on the confidence of Second Life residents, and their purchasing power to sustain this land market.The retention of shares is as follows:

4231583 shares (the balance of deposits liability)
1768417 shares (retained by BNTFRE)
6000000 total shares

Business Strategy

We will be developing a sales website, where the convenience of land sales and marketing will be an easier task. This will be a clone of BNT Holdings current land sales site, where BNTF parcels will be listed until the new site is completed. BNTF REIT also intends to take advantage of marketing enterprises already in place through out Ancapistan. The capital will in fact change names as land is sold, but the holdings of such will be consistent as to maintain an orderly financial statistic. Marketing concepts will also be taken advantage of, but the regular places of business will also be utilized. (SLX, Google, APEZ, etc.)

Tier fees:
This is a major expense, and a figure that will be balanced against maintaining capital interests, and considered an operating cost in Financial Statement. Stability of tier prices per Square Meter is subject to change, once consumer confidence level were to increase, thereby making landownership a popular Second Life lifestyle once again.

Business Strategy
Our strategy is the combination of land based opportunities found in Ancapistan and the Original Surreal Estates. These lands are the source of revenue, which will reveal itself in stock value. It is also a major part of BNT, and has had a successful past.

Business Strengths

Business Strengths
Association with BNT is without question. The history of this company, its character, its strength are par excellence, and can be criticized but never doubted. The history of BNTF and its origin as M2B, and Meta Bank also speaks for itself. They are both, by their histories, well meaning consumer sympathetic companies, although recent history and Linden related rulings have disturbed their ambient personalities. Neither companies BNT, or BNTF will ever “poof.” And both require the forethought and efforts of a group to find the proper direction in this SL economy.

An additional strength is tier in the sims BNTF is managing pay only 275 USD per month each, $20 below the standard for Class 5 sims. These sims were among the first Class 5 sims in SL, so this provides BNTF with a competitive advantage.

Use of Capital

Deposits which are not liquidated by IPO proceeds, in the event of an incomplete IPO, will be converted to REIT shares on a 1 L$ for 1 share basis. As has been tested and implemented by other banks, BNTF plans in its IPO to offer a value for that original deposit, in the form of 1L$ deposit per 1L$ share. The future of BNTF will continue, as other former banks have enjoyed, an increase in business and sale of land, and continued revenue of tier. As demonstrated by others, there is a profit to be made by BNTF, in an SL economy that is slow to return to its once successful stature. As Profits of BNT Holdings permit it is planned that shares will be repurchased. However a "buyback" is not guaranteed. Projected Expenses as follows:

Land Management, (3 managers at 10k$L each), 30000$L
Advertising, 10000$L
Land Development 20000$L
Website (in development) 20000$L
Total Expenses 80000$L

Risk Factors

Risk Factors
Risk is part of the overall plan, and to make clear cut decisions in light of all obstacles that SL or Lindens may present. The Second Life economy is just now coming out of a definitive lull, and it is hoped but not promised that success will continue. As is true of all SL business, we have no gurantee, that deposits are secure, or stock value will remain as desirable. But it with effort that we make claims for the future of BNTF, that it should last as long as land is bought and sold, and thereby continue to be of value.

Given Linden Lab's recent predeliction to pass draconian (of, relating to, or characteristic of Draco or the severe code of laws) bans of certain economic activities which demagogs (those leaders who makes use of popular prejudices and false claims and promises in order to gain power) rant against, we cannot guarantee that similar bans will not be passed against investment activities. We can say that we will do our utmost to ensure our investors assets are preserved and continued. It is for this reason that BNT as a whole is diversifying into independent grids and other virtual worlds. By diversifying, we are able to minimize risk of catastrophic losses for BNTFRE due to losses in any single one.

Management

Management
Intlibber Brautigan - CEO
Cliff Eclipse - President
Kaddan Yue – Vice President, Operations
Mark Lock - Vice President, Facilities
Duchess Shepherd – Vice President, Human Relations