The second quarter report for K5M is now posted. We have tangible assets of $1,274.85. If you divide that by the number of shares sold (1131) then you get a current value of $1.13 per share. This is up $0.40 over the first quarter results. At that time the shares were trading for $1.75 and they are now up to $2.00 a share.

One of the advantages of having shareholders is taking advantage of the expertise of the investors. I recently opened a new Netflix account.

BE MY NETFLIX FRIEND

After creating the account I was presented with an empty queue. Where do I start? This is where my investors come in.

I posted a new project proposal that looks destined to pass, THE K5M FILM COUNCIL, at which point I will hand over control of my Netflix queue to my shareholders.

There will be four elected members of the council and one member appointed by me. I will not look at the queue, I will just receive DVDs in the mail and watch them. The mechanics of the council still need to be determined, but I'm nervously excited about how this will work.

If you're interested in being on the council you can post on the K5M Forum, but it will all be determined by the shareholders, so the more shares you buy the more influence you'll have on who is on the council.

My scooter appears to have been stolen last night. Sometime between 9pm and 9am, parked by the bike rakes at the Fresh Pot on Mississippi. My insurance expired on the 7th of August.

I'll file a police report but I don't expect it to be recovered. My insurance cost $137 for the year, full coverage. I let it lapse 21 days (about $7.88 if you calculate the insurance by day) and now I am out about to $2000 dollars.

As far as how it was taken, I find that hard to imagine. It was heavy, and also the steering column was locked. I suppose someone could have either lifted it into a truck or perhaps broke/picked the steering column lock. As this is the second scooter I've had stolen from me I'm not very excited about a replacement. We're entering the fall/winter season so I probably didn't have a lot of riding ahead of me.

I do enjoy the freedom of mobility it gave me, and that is something I would like to replace. A car seems so expensive for my limited trips within the city, and while I have had a hard time picking up the bicycle habit, perhaps now is the time to look into it.

Sorry about the no comments yet. You can post feedback here.

This is from a long time ago, but was never posted.

Lauren made a fantastic video of our adventure:

UrbanHonking took a major step today with the maiden voyage of the first ship in the UrbanHonking Navy.

The launch was captained by Steve Schroeder, piloted by Josh Berezin, with additional support from crew-members Lauren and Mike Merrill. The still unnamed zodiac has a long association with the Merrill family, dating back to the late eighties with service on the interior rivers and coastline of Alaska as well as service in the northeastern United States.

Being the first ship in the UH Navy is of great significance and allows UH further capability to respond to a wide range of challenges in the years ahead.