All posts by Spm Aviatik
| Jan 12th, 16:15 Spm Aviatik |
[ hoorenbeek ] » HBK PLAN IN THE CRISIS Re: HBK PLAN IN THE CRISIS |
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| Exchanges are run on the Internet, i.e. outside SL so that LL cannot ban them. The only problem remains transfr of L$ but SL shares can be traded for USD or EURO easily! | ||
| Jan 13th, 08:56 Spm Aviatik |
General Investment Discussion » OVERALL COMMUNITY STRATEGY CHANGE - PLEASE READ! Re: OVERALL COMMUNITY STRATEGY CHANGE - PLEASE READ! |
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| In principle the situation is very simple: LL is standing on a crossroad at the moment and has to decide if it A)keeps its policy of not intervening into SL business or B) it takes steps to regulate it. By banning non-RL backed banks LL took a decisive step towards LL imposed (as opposed to resident imposed) regulation (B). The reason is undoubtly fraud prevention. In an environment with absence of accounting standards, auditors, laws court and police fraud is inevitable. As a logical conseguence LL should condition all other business activities by an existence of a RL sponsor as it did with banks.If they don't do it there is no longer a level playing field within SL. Is there an alternative? In other words is the option A still possible? Yes. The answer is self regulation. Banks, stock exchanges, investment funds, mutual funds even non-financial companies should define set of self imposed rules, monitor adherence to them and expel members who don't play according to those rules. They should also establish guarantee funds that would be used to compensate victims of frauds commited by members of such member communities. Now the trick is that LL is a RL company that has to meet RL $$$. :-)) Creating self regulated communities would take lot of time even if businesses start to organize themselves immediatelly. And even if they do, fraud without prospects of punishment will always be more frequent than in developed RL countries. This prevents many people from puting their money into SL and as a consequence is very dangerous for LL revenues. So LL took the short cut and started to regulate SL business environment themselves. Closing remark to the previous discussion at this forum: Establishing private equity funds doesn't prevent fraud from happening at all. Money invested into a fund can be stolen as easily as those used to buy shares on a stock exchange or deposited in a bank. |
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| Jan 29th, 14:10 Spm Aviatik |
General Investment Discussion » Financial Markets Financial Sector Is Crucial for SL Future |
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| Without financial sector SL will develop a reason to enter neither for individuals nor for RL companies. I joined SL during Christmas. I concluded rather fast that there is not much fun around other than trading at stock exchanges. This I can do through the internet and I don't need an avatar for it. Have you ever thought about population density in SL? If you calculate density of people ONLINE per one sq. m. you will inevitably conclude that SL is a ghost city compared to RL cities and their inhabitants density. Why is only 0.5% of avatars online at a time? Because there is nothing to do in SL. What is the way out? Entrepreneurial people will have to invent and implement something that a) will attract people willing to pay for it b) will reward themselves financially. Those entrepreneurs will usually need funding to start their businesses and banks, investment banks and exchanges will find it for them. No financial sector = just a fraction of new businesses = no fun inside SL = SL will start dying. Only later on when new ideas will be up and running will the big RL companies take them over. Currently everything in SL is so small in financial terms that RL firms cannot justify their investments. So while I understand the need to prevent fraud I think the solution is not to ban financial industry but to setup rules. The more residents play role in it (as opposed to LL) the better for SL. |
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| Feb 2nd, 09:21 Spm Aviatik |
SL Reports Public Forum » SLR Monthy Financials Re: SLR Monthy Financials |
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| It is not completely clear to me what is the reporting period in your Income Statement sheet: Is the first column marked 10-Jan-08 for the period Jan 1 to Jan 10 and is the second column marked 31-Jan-08 for the period Jan 11-Jan 31? | ||
| Feb 3rd, 09:40 Spm Aviatik |
Tnw Designs and Real Estate » Financial Statment 08-31-07 Re: Financial Statment 08-31-07 |
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| Do you also make your Balance Sheet (not only Income Statement) public? | ||
| Feb 5th, 01:32 Spm Aviatik |
DreamCities.net » DTCY Monthy Financials Re: DTCY Monthy Financials |
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| You state only value of your current assets in your Balance Sheet. What is the value of the real estate assets you own? Or do you rent everything? Thanks. Spm | ||
| Feb 5th, 01:36 Spm Aviatik |
Tnw Designs and Real Estate » Financial Statment 08-31-07 Re: Financial Statment 08-31-07 |
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| Thanks for your help Investor Arai!! Bit surprising, isn't it? I wonder what reporting standards does SLCapex impose (if any)... | ||
| Feb 14th, 10:58 Spm Aviatik |
General Investment Discussion » SLWallet Conversion Re: SLWallet Conversion |
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| People sue each other for much less than quarter million bucks... | ||
| Feb 21st, 10:16 Spm Aviatik |
General Investment Discussion » Best Investment Yet Re: Best Investment Yet |
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| Sorry Insouciant, but you are missing the point completely. First people who run SLCapex took their client's money and invested them into other businesses WITHOUT ASKING THEM. That is usually called fraud. As a result people who had cash (i.e. something that doesn't change it's value over time/carries no risk with it) have now shares of SLW (i.e. something that does change it's value over time = does carry considerable amount of risk with it). The fact that SLW shares trade around 60% of its face valu only means that market priced the risk associated with the shares at 40% of the value of the initial claim. So don't blame those who are buying. They are offering a way how to opt out to people who lost their cash. Owners of SLW can't offer this. Blame those who unilatelarly coverted riskless cash into risky share. | ||
| Feb 22nd, 13:33 Spm Aviatik |
General Investment Discussion » Best Investment Yet Re: Best Investment Yet |
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| Revolvo, 1. Banks are regulated so they can provide loans to customers. But in most countries in the world they are not allowed to own companies. Even so they can go bankrupt. But if they do, liquidator who works for depositors (not for owners!) is appointed and liquidates assets in such a way that maximizes recovery for the depositors. This didn't happen here. 2. I wasn't talking about bank deposits but about money in SLCapex trading accounts. These money really shouldn't be invested in any form and should have been kept separate. Regards Spm |
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