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t’jelle shareholders, ERX CEO's & Investors,

It has been an interesting few months. Our largest service, ERX, has gained over 11,000 users now and over 14,000 Gold is placed inside. Activity continues to grow, and as we release more features, Investors and CEOs alike are beginning to see the benefit of joining what is the largest securities market to ever grace eRepublik.

The past few months have been filled with situations which we have had to adapt to and fix. The large number of deposits and withdrawals began leading to enormous processing errors - lowering our profit margin. API troubles decreased registration and led to widespread frustration. Every month though, we begin to advance further and the problems become smaller and smaller.

While I usually spend our financial reports talking only about t’jelle’s finances over the past month and our expected growth, I am going to spend this time to also talk about our plans for the future. Investors of ERX will find what we are hoping to achieve to lower scamming on ERX and to protect their investments. CEOs will see what we have in store to help them better manage their companies. t’jelle shareholders will find our ambitious goals for the future as well as our standard financial report. This will be a lengthy report, so feel free to jump to which ever section(s) pertain to you.

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ERX Investors

t’jelle is striving hard to bring the best service we can to all ERX users. Our customer service department was streamlined and responses are received, on average, within less than 48 hours. We’ve released numerous features to increase investor’s security, such as the date a CEO last logged in, expiring audit licenses after 45 days and a certified list of stocks. And while a stock market is never 100% safe, and investors must be aware that they can lose their full investment, t’jelle would like to make sure that very few investors ever experience that situation.

Which is why we are looking to do the following:

1. Show more advanced information on corporations like average dividend yield, an activity rating of the CEO, and more.

2. Create a place for investors to leave comments on a corporation.

3. Require that investors who have not been on ERX for more than 15 days, be restricted to only buying certified and audited stocks.

4. Require audited corporations to publish their financial reports and business plan straight into their listing page on ERX.

We hope to make ERX a wonderful place to invest extra Gold anyone may have without the high probability of losing their money. Within the next month or so, we will begin posting statistics on what percentage of investors have lost money, and how much was lost. We hope this will increase transparency and create a safer investing environment.
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CEO’s

One of the most integral parts of ERX, you guys keep our service running. Without active and trusting CEOs, there is no ERX. That being said, you guys deserve a service designed for you in addition to the investor. We are looking to expand your options when it comes to making your company public, and allow you to communicate with your investors more efficiently.

We are looking to implement the following:

1. More information about the buying and selling of your shares. How much volume has there been in the past month? What was the average price? How many of your investors have open sell orders?

2. Allow you to publish full business plans, financial reports, etc straight into your corporation’s listing page.

These will be implemented within the next few months and we hope that they will make it easier for you to run your corporation.

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t’jelle Shareholders

Some of you have been here since our IPO when shares were about .75 Gold and some of you joined us right after ERX was released. Either way, I’d like to thank you for trusting t’jelle and sticking with your investment. It was thanks to investors like you that ERX was even created - when I appealed to the public to buy t’jelle shares on the US Forum to help fund a huge project which I couldn’t tell them about, but they invested anyways and reaped the rewards with ERX.

I will not lie, the past months have been a bumpy ride. Due to large processing errors involving deposits and withdrawals, ERX went from making thousands a month, to losing thousands. That created a substantial debt problem. Thanks to the release of the Gold Transfer feature in the API, our reserves are quickly returning to normal and our reserve vaults are replenishing. We are in no trouble of hitting 0, or not being able to meet our obligations, have no fear. t’jelle has over 25,000 Gold currently deposited, and maintains high security standards. We are nowhere near passing our “Emergency Zone” of not being able to meet 10% of deposits, and expect the entire situation to be resolved within a month.

Thanks to many new features, like the fee for CEO’s of certified corporations, and a growing user base among many others - we are anticipating a minimum of 2,000 Gold in revenues for December alone, with increases of 500-1,000G expected for January and February. While dividends will be halted until late January, for the purposes of increasing reserves and beginning the first stages of a new project, we will make up for the missed dividends - which we know are extremely meaningful to investors - with a wonderfully large yield in the beginning months of 2011.

t’jelle is known for high returns, its conglomerate operations, and spotless reputation. Our investors are those seeking long term gains from external services, rather than traditional eRepublik companies - and we are seeking to further that. Since our IPO, shares have risen 1127% (accounting for the share split). Looking out into the future, investors can expect to see returned dividends, increased revenue, and multiple new services offered by t’jelle.

Various Information:
November Profit (As of November 23rd): 877.48 Gold
Inactive Users (Have not logged in since October 6th): 9,057
Inactive CEOs(Have not logged in since October 6th): 817

We are considering changing our definition of inactive from 45 days to 60 days, as we notice that many users marked inactive are still alive on eRepublik. We will soon be implementing a feature which will require all users to enter their email into ERX, this information will only be used to easily notify a user if their account is about to be marked inactive which will freeze their account. All account information is then stored for another 15 days and then deleted from the main database (we do keep their account information stored in a backup database).

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We hope this comprehensive Fiscal and Business report helps investors, CEOs and shareholder’s alike understand the present state of ERX and the changes to come. If you have any questions, feel free to contact our support team via the “Support” tab on the ERX website (erx.erepublik.ws) and also feel free to join us on IRC at #erx (rizon) where you can always find investors, ERX Auditors and even myself.

Regards,

AidenAstrup
CEO of t’jelle