All posts by Stryker Yoshikawa
| Jan 25th 2008, 15:15 Stryker Yoshikawa |
JT Investment Certificates » what will happend with.... Edited by moderator Sep 9th 2008, 10:42 |
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| Feb 29th 2008, 06:58 Stryker Yoshikawa |
Sky Power Fund » How much longer? Re: How much longer? |
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| As I understand SLCAPEX will not relist POW until a new CEO and BOD is being selected or formed. In the last meeting Sky was given 5 new requests from Capex to work to a new situation so that the new management could be selected by shareholders voting. About Sky's balance, earlier I read that converting the balance to SLW will not happen for CEO's with listed companies to keep funds available for companies development. It would only be a radical decision to take away all companies funds and make it SLW since CEO's wouldn't be able to invest, pay their tiers, and pay dividends to shareholders. Convertion of Sky's balance would mean they would drag POW and Hedge Fund deeper into the maze of finance, as I see an unfair and unrealistic demand on Capex behalf. As for now I believe this did not happen. |
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| Feb 29th 2008, 15:42 Stryker Yoshikawa |
Sky Power Fund » How much longer? Re: How much longer? |
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| Then I think SLCAPEX should undo this convertion, this is an unacceptable change that will drain my trust in the exchange. You simply can't and should not tie a CEO or companies fund down like that. Exchanges are more and more becoming a prisoncell with only one way road. As if POW not has already enough trouble to overcome difficulties, let CAPEX work for the companies and not against. People in charge let hear from you that you will look into this situation and undo this aggressive and unjust convertion. I actually thought to have read CAPEX will make a difference for CEO's which is the one and only reasonable thing to do. |
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| Mar 1st 2008, 07:02 Stryker Yoshikawa |
Sky Power Fund » Emergency Shareholders Meeting! Re: Emergency Shareholders Meeting! |
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| I can attend a meeting tonight between 1 pm and 5 pm PST prefered. Also I can offer to take an active position in POW for example as fundmanager/investor or member of the board. I have been active in SL on the exchanges since april last year. As CEO on VSTEX for Archon Traders Group where Skyranger was member of the board, I decided to first run a more independant company by managing private estates, looking at a third sim to work on and by trading on all major exchanges I tend to create a steady revenuestream that is strong enough to earn a place on the stockmarkets. Stryker Yoshikawa |
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| Mar 2nd 2008, 08:00 Stryker Yoshikawa |
Sky Power Fund » Emergency Shareholders Meeting! Re: Emergency Shareholders Meeting! |
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| As I read in the last IM in a meeting between Bogart and Skyranger is that SLCAPEX is on its way to delist POW and refund all shareholders their investment at latest tradeprice, 0.9L$. Even with a new CEO and BOD, after rereading many of the meetings of last week, I as a shareholder (4.6%) in this new situation would still vote for this resolution. I don't see why to drag further this company, a new team that actually makes a new company of POW can create its own prospectus and go through an IPO the official way and not collect funds as a quick rescue to another fund. I would be glad to receive back my investment and choose myself where to invest it. |
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| Mar 4th 2008, 06:43 Stryker Yoshikawa |
General Investment Discussion » SLW conversion and frozen account? Re: SLW conversion and frozen account? |
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| As an illustration of my opinion which I posted earlier (which still stands) I'd like to share the chat I just had with Sully. As he gave permission to do so I think this may clarify some of the situation. And SkyRanger, please stop with stating your fund lost over half its value. This seems to be your only concern and it is simply not true. CEO's SLW shares are converted back to Lindens, any personal funds that have been converted will be bought back for minimum 1L per share as soon as situation arrives. It seems to be popular for a CEO to degrade a companies value to later be able to hand over just a lot less of its assets. This you have been doing in januari by giving shareholders the option to cashout for 25% of value while you were projecting this as the value of 'today'. In my eyes that is plain deceit. Something that I have learned from the activities around AVC on VSTEX which always had been projected to be worth around 13.5 milion Lindens and only one month later it is an empty conglomerate of cheap ventures where CEO's or former owners have run with all IPO money and ready to liquidate them all for an apple and an egg. Gosh, and even while the CEO might have digged himself in under an ALT he would still receive back money from the exchange's riskfund and liquidation of assets, how clever and dark. [5:44] Stryker Yoshikawa: Actually im just waiting for a possibility to end this highrisk adventure and don't want to get into the company deeper [5:45] Sully Okelly: ok, np, you have a lot of shares, so I figured I'd ask you :) [5:45] Stryker Yoshikawa: I don't see how Capex would be able to approve the new POW and reopen trading, transfer all funds to the CEO and BOD [5:46] Stryker Yoshikawa: I also will post this on the forum as soon as i made up my mind [5:46] Sully Okelly: I anticipate an agreement with Sky first, that will reduce the issues to manageable [5:46] Stryker Yoshikawa: I don't know who all were there at voting for the new team but apparently not all shareholders were asked or have been given time to vote. [5:48] Stryker Yoshikawa: having more then 51% isnt a reason to bypass other opinions [5:48] Sully Okelly: well with Sky's and my proxy authorities we had well over the minimum for each vote, but many people didn't make it unfortunately. We had to act quickly because of the pending delistment, so that is where we are now [5:49] Sully Okelly: I agree [5:49] Sully Okelly: everyone's opinion is important to me, so I am making myself as available as possible throughout all of this [5:50] Sully Okelly: Do you think I should maybe post for more responses to the group? [5:51] Stryker Yoshikawa: please then bare in mind then that you were given TEMPORARILY CEO position during this period and do not state you are THE new CEO for POW [5:52] Stryker Yoshikawa: I think the discussion on the forum is a good place for all to react [5:53] Sully Okelly: a CEO is a CEO, regardless of for how long, I still have to act as if I'm going to be around for awhile & that is also why I am reaching out now. Everyone's opinion is important to me. [5:53] Stryker Yoshikawa: sure, you might as well on longer term if at all POW will survive to be listed [5:55] Sully Okelly: I am open to stepping down as soon as it is appropriate, that is no issue, I already run 3 other companies and there isn't any compensation tied to this, so don't think I need this tag over my head, lol [5:55] Stryker Yoshikawa: did Sky react on the idea of a merger? (with his private hedge fund) [5:56] Sully Okelly: No he has been dodging the question so far, but he might just be thinking it through, so I'm leaving him alone until tomorrow or the next day [5:57] Stryker Yoshikawa: actually the main reason for not being positive towards POW and a possible merger at this moment only comes from missing funds that haven't been located or secured yet. [5:58] Stryker Yoshikawa: this is the first what should be solved, only after it is possible to further develop and see if POW can have another life [5:58] Sully Okelly: well, besides the downward valuation of holdings, I'm not sure anything is missing yet [5:58] Stryker Yoshikawa: my worry is that POW will merge with a fund that is missing half of its original funds available [5:59] Sully Okelly: I don't want to accuse Sky of anything he didn't 100% definately do [5:59] Sully Okelly: and the SLW fiasco will correct itself through the buyback over time [6:00] Stryker Yoshikawa: well I don't expect Sky to hand over his private investors fund [6:02] Sully Okelly: I have no expectations, one way or another, but I felt it was something that a fair number of Hedge Fund investors favored, like Ise and his 100k, as an example [6:02] Stryker Yoshikawa: according to Bogart Sky had enough funds in his account to liquidate the company [6:03] Sully Okelly: liquidate which one? [6:03] Sully Okelly: POW? [6:03] Stryker Yoshikawa: and sorry for you guys trying work on this, I do think that this situation cannot stand for long [6:03] Stryker Yoshikawa: yes POW [6:03] Stryker Yoshikawa: all sound just too fancy and troubled [6:04] Stryker Yoshikawa: if I can buy out somehow I'd be glad to sell my shares for the last trading price [6:05] Sully Okelly: well he could of course have liquidated POW fully, it is only holding 170k in assets and he had over 2 mil in total holding with the hedge fund assets [6:05] Stryker Yoshikawa: and who knows how many other shareholders would be [6:06] Stryker Yoshikawa: this is what Sky is saying but as Capex or Bogart said they have nothing to do with Sky's private investors and I would agree there [6:06] Stryker Yoshikawa: they are willing to protect shareholders for missing funds as he had withdrawn too much money:) My idea is that SkyRanger should NOT be afraid to payout and liquidate POW shares since he should have all the money from his private investors on his bankaccount. Please, shareholders of POW (and not only from the board), post your concerns over this matter and let your voice be heard by CAPEX management. |
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| Mar 11th 2008, 02:56 Stryker Yoshikawa |
Sky Power Fund » Proposal/Vote 4 POW and the Sky Hedge Fund Re: Proposal/Vote 4 POW and the Sky Hedge Fund |
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| As Hedgefund is a major POW shareholder, the hedgefund investors also have to speak out to their representative their opinion or vote which he Sky, has to pass on to the counting parties. If these 3 options are the official ones to vote on: Hedge Fund investors likely do not want to merge with the new CEO. That would deminish option 3. To go back to tradingfloor for POW, without assets and funds being restored will not happen. IF these are restored and transfered to a trustee or POW management and POW will go back trading, the RISK Hedgefund and other Hedgefunds investors (who have also invested in the POW stock) will PULL OUT of POW is very high, downpressuring the stockprices if there arent enough new investors which in this situation is also not likely. As a POW-only shareholder (4.6%) I vote for option one, to delist its company and liquidate its assets. The Hedgefund with its shares (35% i believe) will be paid equally as other POW shareholders. I don't see why SkyRanger cannot be held responsible for the value of these shares. After all in the period before this trouble started he said POW shares could easily rise till 1.20 and on longer term 1.78 so where did all this value get lost so suddenly. I do not mind to be paid a certain 0.90 per share and I do not understand in what way this would be that much negative to Hedge Fund shareholders as Sky should have all these assets and funds readily available. That this is not a fact is his problem and should not be problem of the new CEO and BOD and shareholders left behind. Sully please accept my vote as is described here as I cannot connect to sl at this moment. And thanks for all the good work on this, all clearifications and reporting is much appreciated. |
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| Apr 7th 2008, 06:15 Stryker Yoshikawa |
SL Wallet Public Forum » // What about a good willing sign of SLW? Re: // What about a good willing sign of SLW? |
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| Right. They got all the money and will buy back only for a lot lower price. At this moment it seems SLW is sandbagging its shareprice which makes the price even lower so they can buyback for only 55%, a big profit for SLW and all the people who involuntarily got into this mess may bite the dust and lose a large chunk of funds. I wonder how many shares were created or printed to sell off and collect funds to do 'some' buybacks. Seems there have been huge amounts of sales, which I do not believe can come from outsiders. Trading with insiders knowledge and influencing the shareprice is one of main things going on. |
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| Apr 15th 2008, 07:23 Stryker Yoshikawa |
SL Wallet Public Forum » See, buyback has pushed the price back up L$.20 average Re: See, buyback has dropped the price (1L$) back down L$.40 ave Edited by moderator Apr 15th 2008, 07:27 |
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| Questions for the one who is supposed to answer here. All the money was said to be used for development of software. Yet the shares that got bought back will not be retired but used to pay off the developer and management. He in turn can on longer term sell the shares again for marketvalue. Wasn't the developer already paid with the first 85 million or so, why shareholders will in the end pay another time for the shares of the developer en Co. There is NO WAY that all this millions of Lindens is invested in software. Software of a stockexchange is sold for 1 million in the past. Where did the money go to. It must be in other funds (Capex?), land, assisting other companies to grow, Paypal or personal bankaccount, furniture, what more can we think of except of the developers account. Is there a datasheet with ALL spend money and it's given purpose and the current value of assets purchased? A bank with so much outstanding deposits would never, ever, burry the money so deep investments that are long term development that is still a babyproduct from which no one knows if the creation of the company will succeed and become profitable at last. It simply cannot be true. It would be a extremely unresponsible move of a bigtime player who does not care about how stuck depositors/made shareholders/investors in an unknown uncertain product, are at the moment. How ever could you make the decision to use peoples money invested longterm and deep in the ground where it would never be able to be dug out on request. Banks depositors simpy should have been honoured that right. Indeed a bank needs only a certain percentage for people who want to pull out but this does not give you the right to put in it position of not being able to acces these funds at anytime needed. Is a liquidation of shareholders assets in progress or are you still playing with the money and reinvesting in other 'fun' projects. Thanks for concidderation. |
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| Apr 16th 2008, 21:19 Stryker Yoshikawa |
SL Wallet Public Forum » how are the developments going? Re: how are the developments going? Edited by moderator Apr 16th 2008, 21:25 |
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| Nya, developing software is one thing. The next, if at all the sportsbet is a serious project, it would be management, legal rights for a gamblingsite to run, licenses. If this tough quest would be met the next step is to attract players. This can take months if not years to grow a community on your site. I have seen new dead pokersites empty for more then a year. Sure, there is a lot of money in gambling. Did you know on fulltiltpoker.com 50.000 online pokerplayers are gambling all day, either Real money play or playchips. And all real money is raking at record levels. Hey, if you want 600$ bonus on your deposit use bonuscode FULLTILTTREX on the website. Really works, only you have to earn that bonus by playing real money games. Else just play playchips only and try win a freeroll. I wonder if our shares in next 2 year can be converted to Sportsbet chips or will this go by itself so to earn another sort of commision on the same deposits. Did Red Sox score again? |
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