All posts by Konner McDonnell
| Jan 16th, 05:13 Konner McDonnell |
L&L Financial Services Public Forum » Business Plan for L&L Corporation Federal Credit Union Re: Business Plan for L&L Corporation Federal Credit Union |
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| Hey LD, good stuff so far. Most ambitious recovery from the policy change I've seen yet! My question: How do/will L&L financial services convert into the credit union? When shares are bought via the credit union, I can't see what role stocks (much less the virtual ones) would play. To put it yet another way: As a virtual stock holder I do not expect I will have the same legally-binding interest as a person making a USD investment (via membership shares which are fixed rate and refundable..I'm a member of an RL CU...yay me). So I'd like to hear your integration plan, if one exists! km |
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| Jan 16th, 05:17 Konner McDonnell |
L&L Financial Services Public Forum » Business Plan for L&L Corporation Federal Credit Union Re: Business Plan for L&L Corporation Federal Credit Union |
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| An additional question to add to the previous mess: Will LLFS shares be (or are they currently) exchangeable for a charter member interest in the company? This may simply be restating my previous inquiries. Sorry for that. |
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| Jan 19th, 16:16 Konner McDonnell |
MetaNetwork Media » MNM IPO Close Re: MNM IPO Close |
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| Neat idea, Cadence. I'll go with... 21 Jan 4PM SLT GL all. |
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| Jan 20th, 19:56 Konner McDonnell |
MetaNetwork Media » Arb`s account suspended from LL - MNM IPO Money- Re: Arb`s account suspended from LL - MNM IPO Money- |
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| Well stated. I had been thinking of writing an article on Arb's work of the last two months. Alas, my employers aren't geared for this type of exposition. Perhaps MNM could do a segment on Arbitrage and interview the CEOS remaining on CAPEX. The message: We stand by Arbitrage Wise. Why? Some 90M Linden Dollars were flowing through CAPEX at the time the panic set in. That's in the area of 325-340,000 USD. That night AW stood in JT Financial and told everyone forthrightly that CAPEX was only equipped to accommodate 8% of those funds immediately. Over the last two weeks people came teleported into SL CAPEX and ranted, raved, made baseless legal threats - one even claimed to be a Houston Police Officer. People are dropping all sorts of legal terms some of us are paying thousands of dollars to learn (I'm jealous). Nonetheless. AW amassed $10,000 USD last week and bought out Lindens as best he could. He's set forth a plan for Lindens withdrawals through ATMS. He's been very upfront about the length of time this will take and the steps being taken to procure requisite funds. It'd be nice to have the CEOS lend their support. Various listings plummeted to 0.01L$ due to the panic. But those most "hindered" don't blame AW. Far from it. I do think every little mishap will have people asking whether AW is finally pulling a caper. I'll tell you, if a guy isn't going to disappear when 350,000 USD are within his grasp for the taking, he's probably bound by some ethical code that should be revered, not besmirched. Just my thoughts. Maybe a good piece for MNM. Maybe not. I'll leave it to you. All best, KM |
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| Jan 20th, 22:08 Konner McDonnell |
MetaNetwork Media » Arb`s account suspended from LL - MNM IPO Money- Re: Arb`s account suspended from LL - MNM IPO Money- |
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| Well, with all disclaimers about neutrality and protocol aside, my suggestion was made in good faith. Having done a bit of checking around I've heard the CEOS say nothing but good things about Arb, so by no means was I asking for a slant. In the end, perhaps I'll write an article myself. Nonetheless, it is good to hear your thoughts. I hope that the terse comments about AW will dissipate as the 22nd comes and goes. Many CEOS speak of trust and I'm with the skeptics in that trusting somebody using your money often means accepting that they did not bilk you this time, but perhaps in the future when there are greater spoils. Still, I must give credit where it is due. 300+ thousand USD. I think that's a good enough indicator of conviction in the quasi-anonymous metaverse. Once again, kudos AW. All best, Random investor 9,001,027 |
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| May 24th, 20:59 Konner McDonnell |
General Investment Discussion » Why do YOU invest in IPOs? Why do YOU invest in IPOs? |
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| I've seen this question broached indirectly on a number of occasions, but never directly (please point me in the right direction if I'm wrong). I don't want to taint the question with an explanation that might "guide/frame" it, so I'll simply say that I'm curious what factors motivate IPO investors. Appreciate any and all responses, KM |
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| May 24th, 21:26 Konner McDonnell |
General Investment Discussion » Bart Heart Entertainment (BHE Films) (DVD) - IPO (Vste Re: Bart Heart Entertainment (BHE Films) (DV |
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| First, Kudos to Bogart for his good-natured allowance of this topic. Two questions for Bart: 1. Why 25,000 shares? 2. Are you concerned that the comparatively low number of shares may deter investors? Best, KM |
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| May 25th, 01:52 Konner McDonnell |
General Investment Discussion » Bart Heart Entertainment (BHE Films) (DVD) - IPO (Vste Re: Bart Heart Entertainment (BHE Films) (DV |
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| Thanks for answering. I simply wanted to provoke an explanation of your novel approach to price stability. It's one of those questions that seasoned investors take for granted and newcomers may not ask to avoid sounding newbie-ish. I'm not concerned about it deterring investors. In fact, you seem to be catering to a market of actual investors rather than day traders that amass profit from imposing their bulk share interests on the open market. Until now, I've been quietly debating the longterm investor to day tader ratio of virtual investors. If I have a concern, it'd surely be that there's not enough bona fide investors to support an approach that promotes stability. For now, I'm going to take it on faith that such a concern is baseless. You have my best wishes, Bart Heart, km |
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| May 25th, 06:29 Konner McDonnell |
General Investment Discussion » Heads up the wave has started Re: Heads up the wave has started |
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| First of all, it's great to see the best and the brightest engaged in a dialogue. I'm encouraged by the possibilities. But where should it begin? A Lindsay pointed out, there's a lack of expert interest in speaking at the SLCC. There's no motive for a startup company to pursue an 'education' in the dynamics of SL Commerce (even those that aren't cutting and running post IPO). The investors seem as willing as ever to jump at big promises and devolve into panicked tirades when those promises do not come to fruition. It happened to me once with Second Life Creations, but after TheLoneWolf Arkin pulled us from the fire, I vowed never to repeat the behavior. I seem to be seeing the same faces in the groupchat rants(though it's been quiet for a while, thank you sunny weather). The companies change, the accusations prevail. I look at what I've been involved in the last few months, starting with the AVC Committee. I got involved because practically none of the complaining shareholders wanted to take an active interest. I figured that a bright kid studying law can help analyze data, aid in coming to a conclusion, and writing a cogent paper. In the end, I pretty much had to do it myself. And while I did enjoy the work, that trial by fire set me up for what seems to be the standard for shareholder involvement. On the CEO side, I look at how Vandeverre has "acquired" an estimated 30-40,000 USD by delisting companies. As of right now, it doesn't seem like any of the most affected CEOs have pursued any sort of legal remedy (and I don't buy that "I'm in Australia where there are no laws. I could point out several reputable lawyers that would take these cases). It seems many of the remaining CEOs have been startled into silence. The biggest problem is Vandeverre's Facebook application which has the potential to draw a whole new demographic of hapless investors into the fray. Since Vandeverre is doing everything he can to distance WSE from SL, people will be largely ignorant of discussions such as these. Of course, when they visit his website, they won't know what's happening with companies except that they were 'delisted for violating the terms of service (which is one reason why he's been so quick to delete any 'negative portrayals' of the WSE)'. I've already hit on the exchanges with WSE, but Ancapex is only now reemerging with a restoration plan,yet they already have 5 or so IPOs underway. During the AVC Committee we learned that IntLibber facilitated a transfer of an AVC-owned company (and asset) from Monkey Canning to Tyrian Camilo. So there's the issue of exchanges working together. During that committee Bo Beck eagerly helped me verify Monkey Canning's holdings here on SLCAPEX, a gesture I've far from forgotten where the ethics of competition' are concerned. I've exhausted myself on Y2P, particularly where Vandeverre is concerned. I'm a newcomer afterall, and each and every time I write a post on Y2P, I sit with my cursor on the "publish" button wondering "am I doing more harm than good here?" My supreme desire is to see exchanges regulated. I know many cringe at the idea, but hey, law student, I like rules. Where LL is concerned, Lindsay pointed out in her blog that Vandeverre was probably tipped off. By a Linden, I presume? Does that speak ill of reasoning with Linden Labs? Would SLCAPEX and VSTEX working closely together leave the WSE and/or ANCAPEX as exemplars of the problem (rather than the norm)? One of my biggest complaints has been the lack of verification by exchanges towards potential companies (and there aren't many Lindsay Druart's out there to identify themselves publicly, not that it's quelled the rants). All I know, is while I'm awed by the experiences of pioneering CEOs who are still among us, I'm part of a different era in SL Finance. It'd be nice if, in hindsight, it wasn't the sunset ;) Some of us newer folks truly are trying to help, but we are, eager or not, still new. And we need the help of our veterans to formulate a strategy that does not begin and end with big words and ideas in a forum. Respectfully, Konner |
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| May 25th, 07:52 Konner McDonnell |
SL Wallet Public Forum » SLW Shareholder's 05/12/2008 Meeting Transcript Re: SLW Shareholder's 05/12/2008 Meeting Transcript |
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| SL Wallet acquired Capex through its conception. Think of this way:SLW was Arb's resolution to recompense investors that were using the banking component of SL Capex. Capex only had 9% liquidity (where the rest of the funds went, I do not know, and will not proceed to speculate) and it was reported that without a resolution such as this, the only option was bankruptcy. In that sense, SL Wallet "bailed out" SL Capex. At least, that's the way I've understood it. km |
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