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All posts by Bogart Beck

Aug 18th 2007, 21:08
Bogart Beck 		Tnw Designs and Real Estate » CapEx CFO Report - TNW Shareholders Meeting - 08/18/2007
CapEx CFO Report - TNW Shareholders Meeting - 08/18/2007
Meeting called to order 07:15PM SLT

Attendees:

Lex Fitzcarraldo - TNW Chairman, Chief Executive
Zoraya Damone - TNW Design and Build Team
Orphan Enoch - TNW Shareholder
Morgan Montale - TNW Mall Manager
Bogart Beck - CapEx CFO

AGENDA:

(1) - TNW to offer Private Bonds w/ 6 Mo. maturity
50% Return at 180 day maturity ($100K returns $150K)

Proceeds to be used to fund TNW Mortgage Program
(Help sheeples buy land)
Program is NOT limited to TNW parcels, but NO Mainland
Mortgage Rate to be FIXED @ 6.5%

(2) - Allenvest still has TNW IPO Proceeds locked up due to
AIC $1K per day withdrawal limit.
Lex estimates approx $250USD to be released w/in 5days

(3) - Transparency: Any/All questions to TNW@CHARTER.NET

(4) - NEW MALL is up and running at TNW East.
Existing tenants have until 08/27/07 to relocate
and reserve/secure premium spaces. Remaining space
to be OPEN to new tenants effective 08/28/07.
Rent Rate effective immediately is $21L /mo per prim
50 total retail spaces, 11 comitted, 8 pending...

Additional RAW Retail lots avai. (512 sq/M / 291 prim)
$8999L to purchase then $5.50USD (Pay Pal) per mo.

Three Floors of OFFICE SPACE available in TNW Tower.
$400L /wk / 200 prim.

(5) - CLUB is 90% complete with landscaping in progress....

(6) - DIVIDENDS will be posted each month on first day of mo
effective 09/01/2007, with Monthly Shareholder Mtg to
be held same evening at TNW Headquarters.
TNW to comply with all CapEx reporting requirements.

(7) - TNW West Purchased Thursday - awaiting LL delivery.
Development Plan TBD (Commercial/Residential mix)

Q&A - No Quaestions from the Audience.

Meeting Adjourned at 7:52PM 08/18/2007 SLT

Respectfully,

Bogart Beck
CapEx CFO
Sep 7th 2007, 17:57
Bogart Beck 		BO BECK GALLERIES » CEO Q&A
CEO Q&A
Please feel free to post ANY questions for Bogart Beck here.
Sep 7th 2007, 17:58
Bogart Beck 		BO BECK GALLERIES » IPO Q&A
IPO Q&A
Please post any questions relating to the BBG IPO here. Thx!
Sep 7th 2007, 18:00
Bogart Beck 		BO BECK GALLERIES » BBG Q&A
BBG Q&A
Please ask any miscellaneous BBG related questions here.
Sep 12th 2007, 02:58
Bogart Beck 		BO BECK GALLERIES » BBG Q&A
Re: BBG Q&A
Absolutely. Pretty simple math actually... 25% of the Authorized shares will be in the public float, so 25% of the net income will be distributed to public shareholders.

If you look closely at our capitalization plan, unlike others, we are also maintaining a 25% Treasury reserve which means that at least 25% of net income is invested back into the business as Retained Earnings for growth and development.

Thanks for asking.

Bo

Sep 19th 2007, 13:03
Bogart Beck 		BO BECK GALLERIES » CEO Q&A
Re: CEO Q&A
King,

SL is a part-time endeavor for me. Yes, CapEx is typically 75% of that time, 25% remaining for BBG. The persons I've entrusted to handle the day-to-day BBG responsibilities are capable and competent and I trust them implicitly. I think I spelled that out fairly succinctly in the Prospectus.

My PERSONAL FOCUS for BBG will be on the Artwork itself. My team will handle marketing, sales, customer relations, etc.

Hope that answers your question.
Sep 19th 2007, 14:48
Bogart Beck 		SL CapEx Public Forum » System Announcements
Re: System Announcements
Arbitrage is correct. One (of many) limitations to the current codebase is that only the CEO can post. This (amongst a VERY LONG list of other enhancements and features) are being considered. Software changes cost $$... so... the most critical fixes are being worked first as budget and our overworked programmer's time allows, in the following order;

(1) - Security
(2) - Audit Trail
(3) - Fraud Prevention
(4) - Management Reporting
(5) - Shareholder Useability
(6) - CEO/Executive "Ease-of-Use"
(7) - "Nice to have but not just yet"...
Sep 19th 2007, 23:52
Bogart Beck 		SL CapEx Public Forum » thank you Lindsay
Re: thank you Lindsay
Edited by moderator Sep 20th 2007, 00:20
King,

It is safe to say that we are all saddened by Lindsays decision to resign from her position as CapEx President. I, rather we, have valued her contributions. At this time there is no planned successor - (it's a hard role to fill).

With respect to shareprice, we too feel that CapEx is significantly undervalued, however, given the general investor sentiment on all markets lately within SL it is understandable - we're working diligently to restore investor confidence.

For clarification, A Prospectus is a document used during an IPO to inform prospective investors of the offering, it is NOT an ongoing living document. Once the company "goes Public" investors are to rely on the Financial Statements, Management Guidance and public comments, and ultimately the performance of the organization against either the plan originally outlined in the Prospectus, and/or any updates issued thereafter, thus the Prospectus is strictly a historical record.

Regarding Tangible assets, CapEx's core asset is THIS, the Software Trading Engine and website running at http://www.capex.com. Further, CapEx owns NO real property, but rather Rents both corporate office space and a publicly accessible trading floor and reception area from its majority shareholder, Arbitrage Wise, or more accurately from JTF Financial.

Our Business overview is quite simple; we facilitate a market for trade - thats all. Our strategy is simply to be the most efficient, reliable trading platform - fundamentally a very simple value proposition.

In spite of many folks misconceptions, we are NOT the Stock Police. Frankly, MOST issues concerning shareholders and the companies listed on the Exchange are NOT within our role or capacity to mediate. Investors MUST do their OWN DUE DILIGENCE. Most recourse is between buyer and seller with rare exceptions.

Our role is simply to provide an efficient market and trading platform to match buyers and sellers- when compared to the other SL alternatives, I believe we're doing that quite well.
Sep 20th 2007, 02:19
Bogart Beck 		Brautigan & Tuck Holdings Public Forum » Commentary on the Financials?
Re: Commentary on the Financials?
Edited by moderator Sep 20th 2007, 13:32
OK, I've stood by and watched this long enough.

As the CEO of THIS Exchange, here's what I'd REQUIRE of the SLEC before CapEx would consider adopting or endorsing it;

Foremost, ANY entity claiming oversight responsibility for Securities and Exchange related transactions must be able to intelligently articulate current Law and Regulations, US and International, as they may pertain to gameplay within SL. Specifically, it must be able to provide guidance as to the obligations, rights and responsibilities of all parties participating in such activity. It must be able to provide a Standardized Set of Disclosure Statements that would be enforceable and acceptable for entities wishing to particpate in market trading. It must provide SOME SERVICE that adds value to the SL community - to date I've seen none. Here's a few suggestions, top-of-mind;

(1) A clear, concise Misssion Statement, and concrete value proposition. The rhetoric thus far has been quite hollow. Frankly, DO SOMETHING. If the mission is to provide watchdog and policing of Corporate Entities then DO IT! Provide investigative Services, Shareholder advocacy, Due Diligence, Executive Training... TALK IS CHEAP!

(2) To date, the SLEC has not produced a GAAP Compliant Pro Forma Financial Reporting Format. If and when it does, and provided it compels complete transparency by reporting entities, CapEx would consider adopting an SLEC Standard. Until such time, CapEx will REQUIRE all Monthly Reports to be submitted using the CapEx developed Format. Entities refusing to do so will be sanctioned, fined, and de-listed if necessary to compel 100% compliance. No Exceptions.

(3) The role of an exchange is to provide an efficent market for trading - Nothing more. Conversely, the role of any credible oversight "Commission" MUST be to provide LEADERSHIP in the form of COMMUNICATION and CONSENSUS BUILDING amongst member organizations. It would NOT include BASHING skeptics in public forums, or willful disregard and defiance of incumbant exchange policies, nor disrespectful discourse, publicly or privately of views different than your own.

(4) If such parties claiming accountability and authority of/for the SLEC and its charter were to actually develop a credible plan of action to build a self-regulating oversite committee, I suspect that a number of Exchanges might actually get on board, and might actually even be prepared to support such activities economically. Until such time, however, yer just blowing wind.
Sep 23rd 2007, 14:50
Bogart Beck 		BO BECK GALLERIES » IPO Q&A
Re: IPO Q&A
Edited by moderator Sep 23rd 2007, 15:37
Gentlemen and ladies,

Clearly I am addressing a much larger issue at the moment. Paitience and professionalism please. I will resume discussion of BBG's future prospects as soon as the current CapEx situation has been resolved.

As an aside, Arbitrage did post late yesterday evening on my behalf and with my permission that the BBG IPO would be extended through the end of the month. CapEx responsibilities have required more time than anticpated, and, as stated in the Prospectus I submitted, BBG takes a back-seat to CapEx when necessary.

The BBG business plan is moving forward with good progress to report. News will be shared as soon as I'm able to make time to discuss it with all interested parties. Again, please be patient.

Respectfully,

Bogart Beck
Founder, BBG