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All posts by Arnaud Villota

May 9th 2008, 14:19
Arnaud Villota 		General Investment Discussion » Thank you Bo.
Thank you Bo.
I know that you put up with a lot of shit around here and very rarely get thanked, so I would like to at least throw my thanks in.

Thanks for halting the stock in POW, VBL and LCA until we can find out what has really happened to Sully.

I would believe that at this point any speculation as to where he is or what has happened is exactly that, pure speculation. The rumor mill around this place is powerful so I am glad to see some positive action taken to protect both the companies and the shareholders, until we find out for sure what happened.
May 9th 2008, 17:27
Arnaud Villota 		SL Capital Exchange Archive » Restated Financials
Re: Restated Financials
Hi Fawkes, thanks for the answers to these question, but I am still waiting for an answer to my question on another post (which was probably lost in the noise which I understand. There are only 25 hours in a day right! :) ) but Ashleigh also alluded to the same question in his post which you sort of answered but conveniently did not answer all of it.

Here is the link to my original question: http://www.slcapex.com/forums/topic/MNM/1808?page=3

To recap briefly, MBC is coming on strong. They had a broadcast long before IPO and now that they have IPO'd they have a lot of diverse and interesting content. Also their stock is well above IPO, I think (don't quote me on that. I have yet to log on succesfully to the ACE exchange. I think I am on Int's hit list! :-) ) The question on the table is, how is MNM answering this. That is, what is your strategy to compete with MBC and it's innovative content (not meant to be a cheap shot!)?

(A hell of a lot of paranthetical comments on this post aren't there?)

Thanks for any insight.
May 9th 2008, 18:01
Arnaud Villota 		General Investment Discussion » Thank you Bo.
Re: Thank you Bo.
Forgive me if I don't get this right, but Allen screwed all of us. The exchange via Bo picked it up and helped pay some of what was owed us. Without that we would have been screwed 100%. Bo at least helped us get back 50% or so. I think that is what Ashleigh was referring to.

If this happened on WSE, we would have been stuck with what have become WTF shares. I for one am grateful for that. I have enough WTF shares already, from the GINKO crap. At least I got some lindens back from Allen's mess from what Bo was able to negotiate. WTF is worthless. I pay tier in Lindens, not WTF, and always will.
May 10th 2008, 16:37
Arnaud Villota 		L&L Credit Reporting Agency and Business Services » Sully O'Kelly is missing, where is Lindsay Druart?
Re: Sully O'Kelly is missing, where is Lindsay Druart?
Edited by moderator May 10th 2008, 16:41
I would like to put forward a theory for consideration.

LCA CEO Sully guarantees a KFE loan for land. This is implied to be a guarantee from LCA since Sully has no way to guarantee such a loan from his personal finances. (Who does, except for Anshe Chung, maybe?)

Since the debt belongs to KFE, and KFE was ready for IPO, Sully felt it was a safe bet to guarantee it because the IPO funds would pay off the debt.

Sully posted on April 21 that KFE was ready for the underwriters. Sully disappears after that.

What conclusion does one draw?

1) Sully is nothing but a scam artist disappearing with all of our money!
I don't think so. As far as I can tell no money is missing from any of his companies. VBL has already reported in and stated that everything still looks legit. I haven't heard a discouraging word from POW either, and Lindsay even states that there may be 80K not accounted for but she isn't sure because it probably was the venture capital. (Sully would have to be pretty hard up to steal 80K!!!) Also Bo could easily check the transaction log and find out if Sully has been withdrawing money in 50K amounts (Since that is still the withdraw limit) over the last several weeks. If he noticed that, he hasn’t said anything. And knowing Bo, if there was something suspicious going on he would make it know in his well documented way.

2) Sully is running away from a bad business deal.
Maybe, but I doubt it. The deal really hadn't gone bad up until a week or so ago when Scott started this post. He was justifiably worried about his money. Kristian is justifiably worried about the future of his startup. I don't see a bad business deal here. However, I might be missing something on timing here, so I won't reject this possibility out of hand. But to dismiss this deal as the idealism of a teenager, in my opinion is wrong headed.

3) Something bad has happened.
Even though it is an idea we all do not want to deal with, there may be a possibility that something bad has happened to Sully in RL. I am not going to be over dramatic about it. Use your own imaginations. I figure if Sully wanted to screw Scott and Kristian, he would have waited for the underwriters to come in and finish out the IPO. Given that he disappeared the day he posted the notice makes me believe he is either one dumb scam artist (I would have waited until the money rolled in) or something happened to prevent him from carrying out the IPO and getting the guaranteed debt paid off from the IPO funds.

So that is my 2 cents worth. I think this brings up an interesting dilemma. If something has really happened to Sully in RL, how will this situation be resolved? This has always been my point about SL corporations. They really aren’t from the RL standpoint. If the CEO dies or is incapacitated in some way, how does the succession work? Lindsay you can state all you want that the debt guaranteed by Sully is his personal choice, but the fact of the matter is that he made that guarantee as CEO of LCA. I don’t see why he "legally" needed approval for that. He was the CEO. He saw an opportunity and made a legitimate business decision. If I were his boss, I would stand by his decision even though I thought it was wrong. Of course I would fire his ass if I felt that the decision was made inappropriately or unethically, but I wouldn't fire him if it was just wrong. Remember that not all decisions made are right.
May 12th 2008, 15:22
Arnaud Villota 		SL Capital Exchange Archive » Restated Financials
Re: Restated Financials
@Ash Thanks, I figured it out. My mistake. I guess I was being as paranoid as Int! Sorry Int. :-)!

@Fawkes, thanks for the answers, I am looking forward to your strategy. Also I noticed that Diva's is soon to appear on MBC. I thought that that was one of the original content shows for MNM. I am obviously wrong on that. I did enjoy the pilot episode of Diva's though. My congragulations to whomever created that, it was very funny. Especially the hairspray while smoking bit. Classic slapstick. The rest of it I wasn't too sure about but I did like the exploding part.
May 12th 2008, 16:01
Arnaud Villota 		L&L Credit Reporting Agency and Business Services » Sully O'Kelly is missing, where is Lindsay Druart?
Re: Sully O'Kelly is missing, where is Lindsay Druart?
Edited by moderator May 12th 2008, 16:19
Scott, maybe you can shed some light on this. Was Sully planning on paying you off after the underwriters got done with the IPO (edited: for KFE) or were you expecting payment before an IPO (edited: for KFE) . That info would help I think in this whole matter. At least it would help Lindsay I think.

EDITED (before anything is misinterpreted). If you were expecting funds before the IPO, how did Sully say that he was going to pay them? He had a lot of respect for you and considered you a close friend so I don't think he would lie to you. Of course I have always been accused of being an eternal optimist. But any light you could shed on this as the closest person involved would probably help in the long run. Any conversations, nuances, etc. would be beneficial. If you want to take this offline, I think most parties have their e-mails published, if not they can post them here. My e-mail is arnaud@msgc.biz.

Thanks.
May 12th 2008, 16:23
Arnaud Villota 		Sky Power Fund » Contest Winner
Re: Contest Winner
Edited by moderator May 12th 2008, 16:23
Congratulations to King and thank you Reina for taking on an interim action for this company. Hopefully we will hear one way or the other about Sully soon.
May 14th 2008, 16:19
Arnaud Villota 		General Investment Discussion » Heads up the wave has started
Re: Heads up the wave has started
Edited by moderator May 14th 2008, 16:22
I think the referenced post is by people who don't understand what we are all about. Frankly, I don't believe that the majority of us in the "financial community" don't really know what we are all about either anymore which is why LL will probably listen to posts like those referenced rather than the people actually involved in the day to day activity of trading and sweating, getting scared shitless, and getting screwed by scammers but still sticking with it; because we see some worth in this micro economy. That is what we will lose people! We will lose our economy and our ability to manipulate this little part of SL, the part that we have some control over. I will miss that when it happens. I will probably cash out and leave SL. What else is there? Sex? Boring. You see one naked avatar, you've seen them all. There really isn't any creativity in it either. Hmm maybe I am showing my age here...let's move on... :)


I don't believe that the majority of us are in this to make a million bucks! I see CEOs like Lindsay put out a hell of a lot of personal USD money and her return is zilch. I see land owners like Zaldar Rhode who, in my opinion, runs the best damned estates in LL, make less than 150 USD/month, if that much, but still hangs in there. I don't agree with Bo or Arb on a lot of stuff, but I don't see them walking away laughing all the way to the bank. Sorry but the numbers just don't add up. A lot of other people like Warren Flannigan, Guardian, iVentures, Travis Ristow, Cocky Dagger, Ashleigh Wade, Yellow Paperclip, Danilez, Ima Janitor, Sando Haller, Cayman, etc., etc., etc..These folks are in it because they love it, not because they are going to make a ton of money.

And yet, these folks who are trying to "play the game", trying to make something out of this horseshit economy are constantly barraged with crap! I for one am tired of it (and I admit I contributed part of it especially with my public disagreements with Bo over MECH and YEP. I don’t apologize for what I said, but maybe I could have been more creative rather than confrontational). I'm tired of seeing someone like Lindsay, who I have not really agreed with a whole hell of lot in the past, and yet worked for her for a few weeks, get a lot of grief from people whose only purpose in our environment it seems, is to denigrate. I grow tired of the constant whining in the forums. I grow tired of people automatically pegging someone as a scam artist because he hasn't showed up in a few weeks even though no money or assets are missing, and it is unlike him to just disappear without a good reason (Sully). I grow tired of seeing my portfolio going to shit because people are scared off from the markets because of all of the crap and whining! So maybe it is time for LL to step in, screw all of us and then we can watch birds and butterflies for the rest of our SL lives. Oh Joy!

Hmmm, anybody want a hit off of what I'm smoking? lol!

Sorry, I think this was a rant that was a long time coming. If we are to prevent LL from closing down our community we have to take positive action. I don't have any answers, but maybe we can direct this forum to come up with some positive answers to counteract the link posted. If LL doesn't hear the other side of the story in a place convenient to them (i.e. LL Forums) then they will go with what they think is the majority opinion, which in my opinion is the wrong opinion, just like the Banking decision which was justified due to the illogical returns offered, but crap in the way it was carried out.

Is anyone willing to start the counter post on LL forums? Cash? Bo? Arb? Anyone else? I rule myself out, I wouldn't know what to say and if I said it, it probably would be politically incorrect. We need a diplomat for this not a rabble rouser.

Peace.
May 14th 2008, 17:42
Arnaud Villota 		SL Capital Exchange Archive » Closing Operations
Re: Closing Operations
Edited by moderator May 15th 2008, 02:00
Just some comments because I can't resist:

@Lindsay, I think Cayman has a good point. Maybe you guys should "kiss and make up". Sorry for the crappy reference but I think Cayman may be offering a possible and reasonable way out that might be a win-win for both of you as well as the shareholders.

@The current shareholders... There is a hell of a lot of debt here from what I am seeing being posted on the forums. Are you sure you want to take that on by ousting Lindsay and the other BOD members?

@Ivan and Sportsbet... both of you guys have some good insights. If you could drop the personal bullshit, I think your insight would go a lot farther.
May 15th 2008, 01:53
Arnaud Villota 		SL Capital Exchange Archive » Closing Operations
Re: Closing Operations
Tranquilo, good points. I agree.



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