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All posts by Ashleigh Wade

Jul 27th 2007, 07:19
Ashleigh Wade
Capital Exchange Archive » Liquidity and Value
Re: Liquidity and Value
I agree with all regarding the need to step up new investor recruitment, bring in some really heavy hitters, and develop broad brand awareness through advertising and promotion. I also feel its mandatory we establish standards for financial reporting. All of this combined I feel will increase liquidity and solidify the market as a whole.

One must allow the time it takes to establish and begin each one of these initiatives. You must remember that this exchange is just 3 months old. It has been quite difficult to get everyone in a room at the same time, much less establish programs to take the exchange to a new level. This is why restructuring has taken place. In the beginning we tried to establish an old school tiered management and committee model and it didn't work. You all are aware that doing business in SL requires a lot of flexibility and a new way of thinking.

The general anxiety/mistrust and bad press received by the capital markets as a whole has created a recipe for everyone being really busy while in-world dealing with day-to-day drama and having less time to strategize how to take it to the next level and implement those processes. I know that Allen has plans for each of these initiatives, as I've discussed them broadly with him. However I feel they haven't had a chance to be fleshed out to lack of time, summer season, drama, etc. Recently the partnership was liquidated to allow Allen time to focus on the exchange. I believe you will see action on the items you've highlighted over the next few months.
Jul 27th 2007, 07:28
Ashleigh Wade
Capital Exchange Suggestions » AVIX Index & General Metrics
AVIX Index & General Metrics
Apologies if this is already posted somewhere.

I would like to see some sort of index of the AVIX stocks to indicate the health and direction of AVIX as a whole.

I discussed this briefly with Maelstrom and we agreed a general metrics page with indexes of both the stocks and currency exchange might be helpful or at least informative.
Jul 27th 2007, 08:16
Ashleigh Wade
General Investment Discussion » Cleaning up SL.
Re: Cleaning up SL.
I don't feel it's a moral issue here. To me it is as simple as:

-Linden Labs is a US Company
-Online Gambling in the US is illegal

Way back when they were able to get away with gambling because they were too small to register on the radar. However now that LL is a fairly large corporation with multinational reach and $2 Mil USD give or take changing hands in-world everyday its not under radar as much anymore. The writing was on the wall to me when they decided not to advertise casinos anymore.

Also, if they go public or are acquired by a public company they would not be able to get away with it. This "cleaning house" to me is their way of gearing towards the future.

It's interesting to think about though. I wonder if the SEC and friends will step in to regulate SL markets and banks if and when the going public occurs. Maybe not, think hedge funds, but interesting to think about none the less. I don't see a shutting down of the markets, as some fear, because the US is pro-capitalist.
Jul 27th 2007, 11:23
Ashleigh Wade
General Investment Discussion » Gambling TOS
Re: Gambling TOS
I don't feel there would be a shut down of the capital markets or banking systems. The US is a capitalistic society and I think there would be an attempt to regulate before any shutdown would occur.

Also, shutting down casinos eliminates one aspect that attributes to the economy. Eliminating the Capital Markets themselves would put a choke hold on pooled resources and could grind the SL economy itself into a halt.

Mael also points out that, in an ideal world, there would be company assets backing your investment - land, products, etc. In theory, the event of a bankruptcy would provide you claim to part of those assets as a shareholder. While you do take risk, it's not the sort of risk you take as a gambler in a game of chance.
Aug 2nd 2007, 19:26
Ashleigh Wade
Capital Exchange Suggestions » Link to System Annoucements
Link to System Annoucements
There should be a link to system annoucements. Investor Allen often sets important dates using them and we can't refer back as needed.
Aug 13th 2007, 12:33
Ashleigh Wade
Allenvest Land Fund » Reports
Re: Reports
WieBenIk: With reference to your ad hoc report, I just want to point out that the first few parcels of land in Allenvest went for L$30/m2.

I believe that the Allenvest sims will continue to draw a decent amount of traffic and growth. Besides, you never know what interesting business opportunities are just around the corner :)

I agree with all on the need for more reports in a timely manner. Hopefully now that Allen has adjusted AVIX off his plate he can focus on the asset side of business and this will occur.

Aug 13th 2007, 19:06
Ashleigh Wade
Allenvest Land Fund » Reports
Re: Reports
Thanks for the compliment on my eyes :)

I think it would be a mistake to assume all parcels (or even most of them) were sold at L$30/m2. Indeed most were probably sold at less. I was just saying that some were and wanted to make sure you figured that in your estimations.

I often found that projections in SL Business fall short of promises. I can't complain, as I have been quite happy with my investments, but I can't say one of them has ever delivered as promised.
Aug 24th 2007, 16:01
Ashleigh Wade
Capital Exchange Archive » KDC : Share Repuchasing
Re: Share Repuchasing
I understand it to mean that he is selling off a part of the TGB holdings to place a buy order of KDC at .53. This will allow those interested to sell their stake in KDC at .53/share. The shares bought at .53 would then be removed from the total float therby increasing remaining shareholder's equity in the company.

It's a stock buyback plan - not a bad move in light of the economic situation. However, it may not play favorably with dividend hounds. As an equity player I would be for such a plan.
Aug 27th 2007, 12:51
Ashleigh Wade
Capital Exchange Archive » SLR : Podcasts
Podcasts
I was wondering what happened with the podcasts? They were streaming weekly and then stopped at the end of July....

Did I miss an announcement? Do you plan to continue them? I think they were a great idea.
Aug 28th 2007, 10:40
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » The sound of silence
Re: The sound of silence
A few observations:

- If I recall correctly Int indicated that financials are released quarterly.

- The prospectus appears to be the same release when IPO went up on WSE. Perhaps it should be updated to reflect current market conditions. That might be a great requirement-a mandatory quarterly update of prospectus.

- The prospectus reads that BNT "intends to" not "will have" 300 sims. That figure is obviously over-aggressive (and was over-aggressive at IPO, IMHO).

- Most prospectuses I have read in SL makes very aggressive assumptions and promises that usually cannot be kept and/or delivered. Penalties assessed on this basis would only take money out of shareholders pockets and company capital. We would all lose. I do think the CAPEX staff is doing a great job of matching prospectus to business plans, as evidenced by a recent IPO pullback.

- A 130 million share IPO issue wherein the founder retains 110 million shares means that the company really only received money on the 20 million floated. So it's not a 120 million linden project. I do agree with Lindsay that the total share count may be too high. I would urge Int to reduce the total count. He can do this and still maintain a vast majority holding of the company. It would also shore up the share price and boost investor confidence.

-Unlike many companies in SL, BNT has physical (yet virtual) assets that, in theory, could be liquidated and distributed in the event of total meltdown.

-BNT has very well maintained and managed sims with state of the art services and security. If you haven't visited the continent I highly recommend it.

That said, I do worry about the potential over-extension of BNT resources due to over-aggressive acquisition and exposure to Ginko. Perhaps management would be willing to comment on that and give some guidance as to what to expect when the next financials are issued.

I would also like to inquire when the newly acquired sims will be joined to the main continent.

Thanks,
Ash
Aug 28th 2007, 17:43
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » The sound of silence
Re: The sound of silence
Thanks for the info IntLibber :)
Aug 29th 2007, 17:19
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » Totally Flabbergasted
Re: Totally Flabbergasted
"Also realize that if M2B runs as a RL bank, you will have the SEC and some other companies knocking on your door pretty soon so watch how you boast about the RL side of your business. Very grey area...."

The SEC doesn't regulate banks, they wouldn't care.

Banks are subject to regulation by 3 separate Federal agencies and/or state bank regulators.

Federal Agencies:

The Comptroller of the Currency charters "national banks"

The Federal Reserve Board, and

The Federal Deposit Insurance Corporation

State Regulators:

In each state there is a department of State Government – frequently called the Banking Commission or Department of Banking and Finance -- managed by an official called the Commissioner or Director or Superintendent of Banks that regulates "state chartered" banks.

------------------------
“Name one RL company that is publicly traded but which has assumed all non-IPO shares belong to the founder.”

Wal-Mart Stores Ford Motor Co. Samsung Carrefour Group
Martha Stewart Omnimedia Fiat Group Ito-Yokado
Ifi Istituto Finanziario Industriale S.p.A. Motorola
PSA Peugeot Citroën S.A. J Sainsbury
BMW (Bayerische Motoren Werke AG) Hyundai Motor
Koch Industries Robert Bosch GmbH
SCH (Banco Santander Central Hispano S.A.) ALDI Group
Auchan Group Pinault-Printemps Redoute
Tengelmann Group Viacom Novartis Group Tyson Foods
Bouygues Roche Group Bertelsmann Weyerhaeuser Co.
Loew’s News Corp. Karstadt Quelle Michelin Publix Super Markets Bombardier Mars L’Oréal Lagardère Gap
LVMH Moët Hennessy Louis Vuitton Groupe Danone
General Dynamics Anheuser-Busch Cos. Cathay Life Insurance
Magna International Comcast Sodexho Alliance
Winn-Dixie Stores Comp. Brasileira de Distribuic
Heineken Henkel Group Investor AB Hutchison Whampoa
Reliance Industries Illinois Tool Works Masco
Marriott International Clear Channel Communications
Parmalat Finanziaria S.p.A. Dillard’s
SAP Thomson Corp. Grupo Financiero BBVA-Bancomer
Interbrew Associated British Foods Cemex
Dollar General Corp. Mercadona Nordstrom
Haci Ömer Sabanci Holding Grupo Carso
ERG S.p.A. Estée Lauder Cos.
Fomento Económico Mexicano (FEMSA)
Pernod Ricard H&M Hennes & Mauritz AB
Bolloré Koç Group McGraw-Hill
Porsche Fomento de Construcciones y Contratas
Danaher Corp. Italmobiliare S.p.A.
Carnival Corp. Kumagai Gumi Co. Ltd.
Kelly Services Inditex Jerónimo Martins Cablevision Systems
Murphy Oil Richemont

Aug 30th 2007, 04:52
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » Totally Flabbergasted
Re: Totally Flabbergasted
Ahhh - you are right I did miss weeding out some of the privately held companies from the list. Same source btw.

I do get what you are saying about assumptions. However when one builds a company from stratch one would assume they own the entire company before selling it, or a fraction of it, to the public.

My point is that in many cases the founders and founding families do keep a majority interest in the shares of a public company either through majority holding or supervoting stock. I guess, unless that is, they want to sell that majority stake to the public.

It's hard to find an example of a single controlling founder in the big boys because most of the founders of these companies have died. One would think though that Sam Walton held a majority of Wal-Mart before passing. Now it's fragmented because it's split through out the family. And what about Parmalat - Founder Calisto Tanzi and family own 98%.
Aug 30th 2007, 06:11
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » Totally Flabbergasted
Re: Totally Flabbergasted
Yeah - I was thinking about that on the train a moment ago.
Aug 30th 2007, 08:17
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » Totally Flabbergasted
Re: Totally Flabbergasted
Looks like I was wrong about Wal-Mart at current:
http://www.mindfully.org/Reform/2004/Wal-Mart-Waltons-Richest15nov04.htm
They only control about 39% among the surviving members of the family as of 2004. Not bad considering all together they have about $90 Billion.

Interesting points brought up. In my researching I am finding that a lot of the large holdings are rolled into family trusts and/or still being held by surviving family members, but scattered out. I am also running across many mentions of smaller holdings of super voting shares which give the controlling interest. I will continue to look at it when I have time.

Turning back to BNT, I don't mind that Int holds 85% of the shares, but I do feel the total count is too high and have said that from day one. Par valuing the total shares @ .50 means that the market cap approaches US $236,363 or so. However, this figure might be supported by some recent high profile sales:
http://secondlife.reuters.com/stories/2007/03/27/amsterdam-sold-for-us50000/

The only logical conclusion for the large share count and 85% holding I came up with was by examining his past transactions. Each company acquired has been paid for out of his personal holdings with no new issue. Therefore I would conclude that he is holding those shares to acquire future companies....an interesting way to go about acquisitions though.

I was aware of the holding structure (85/15) and large share amount during the IPO phase. I can't remember if that was published or I discovered that in conversations. In all honesty I didn't dive in at IPO because I didn't like the behemoth amount of shares. It wasn't until I actually went to Anticapistan (BNT's Sims), saw the physical properties (and bought one myself) and met with management that I started buying blocks of shares. I am in it for the long haul, be it 39 sims or 300 sims. They manage well and I feel that the company could produce some great long term results but may need to grow into its current share amount.
Sep 5th 2007, 13:52
Ashleigh Wade
Allenvest Investment Group Public Forum » Partial Solution for Liquidity Problems.
Re: Partial Solution for Liquidity Problems.
I like your proposal Marc. I find Allen very easy to work with and suggest you propose the idea to him directly if this drags on. I imagine something can be worked out for the benefit of all involved, and I would be in favor of an equity swap. I am a little cautious about a 'first come first served' basis though, as some people don't always stay abreast of the situation like us and might miss out. That would only cause more tension in an already delicate situation.

I have been accruing interest on my AFB balances....Are you sure you are not? If so, I would address this with Allen immidiately.

Ash
Sep 16th 2007, 10:01
Ashleigh Wade
Allenvest Investment Group Public Forum » Halt Payment Request
Re: Halt Payment Request
I support this plan Savvy. My instinct wants to believe that Allen is very busy in RL and on a trip as I have known him to travel. But these issues need to be addressed as priority number one as soon as feasibly possible.

Communication has diminished to a point that is ridiculous. I have been a huge supporter of Allen and I know him to have a strong constitution. He has weathered attacks of character from day one and built a series of businesses that have helped open up the SL markets and new ways of thinking. It's sad to see that it has come to this point. I believe, however, the old man will pop up in a day or two and wonder why we are all so pissed off. Communication MUST be improved.

I would like to include a consideration for the landowners in Allenvest Estates if the need arises. There are some really great things going on there. I understand Allen has some great ideas for development and a lot of people are working hard. It looks good :)

I sincerely hope that Allen realizes that this matter has now become very serious and needs to be addressed.

Ash
Sep 21st 2007, 04:38
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » BNT Shareholders Meeting
Re: BNT Shareholders Meeting
Share Holders Meeting 9/20/07 7:15 pm sltime

Intlibber Brautigan CEO, Kaddan Yue, President, Cliff Eclipse VP BNT Financial, Thor Columbia VP Finance, Dylan Talon COO . Cindi Maddux, VP Technology & Construction, Bethany Slade VP Communications

ShareHolders Present:
Extrems Brock, Ashleigh Wade - Board of Director , Marc Attenborough, Cheyenne Newman, Yew Tone, Kahai Kubo, Alyx Stoklitsky, Tizzers Foxchase, King Broome, Farqot Gustafson , Jurin Juran, Kubi Bean, BigRed32 Rolls, Babygurl951 Richez, Amelie Dibou, 12 AH, Maelstrom Baphomet, Travis Ristow, Patrickj Ah, SkyRanger Hammerer, Sneaky Dean, Flower Contepomi

IntLibber Brautigan: anybody in the Capex group? and if anybody is in the old AVIX group or whatever Capex is using for a group, please put out a notice there about this meeting

Meeting Called to Order:
IntLibber Brautigan: so lets call this meeting to order
IntLibber Brautigan: i want to thank everybody for coming who showed up to this beautiful building that will soon be the center of financial activity in SL, as new investors will arrive here from RL, to invest and help revive the SL economy from this point outward.
IntLibber Brautigan: Has everybody had a chance to peruse our latest financials for last quarter on slcapex.com? If so, you can see weve remained financially stable despite a downturn in the SL economy and other events. We've also come out with a number of new products, and will have more to announce as well.
IntLibber Brautigan: We also want to announce that as Patrickj Ah has taken over CGI, we have been negotiating with him in the takeover of that company, in order to move their residents to our sims and liquidate the mainland assets of that company. We have put in a bid of 2 shares of BNT for every 3 shares of CGI, given a comparative NAV of .175 for CGI and .29 for BNT. The shareholders of CGI will vote on this tomorrow and we are confident that our bid will be accepted.
IntLibber Brautigan: We also want to announce that we have purchased the assets of Global Credit, the makers of the only in-word credit card system, including full and exclusive rights to their IP. We will be licensing credit cards to other banks in SL over the coming few months. The purchase was made with 600k L$. The staff of Global Credit will join BNT Financial. We expect to double our return on investment in licensing fees alone, and then enjoy positive cash flow from interest earned on borrowing on avatar credit cards.
IntLibber Brautigan: BNT will soon be opening its stock exchange here in Venture Square, including shorting and other options, currency futures as well as a new type of market, land futures. Our exchange will feature inworld graphical charts, P/E and PEG data, as well as integrated P&L systems for CEOs to better manage company finances. our exchange will be completely SLEC compliant, which we expect will result in top investor confidence in our exchange over others.
IntLibber Brautigan: And finally, I want to note that, despite the recent downturn in stock price, BNT has risen from a low of .17 earlier this week to .26, indicating increased investor confidence in the management of the company.
IntLibber Brautigan: and despite Ginko selling more than 2.2 million shares of stock into the face of significant upward price pressure
IntLibber Brautigan: Thus i think we can conclude that the market is showing much increased confidence in BNT and its future.
**IntLibber Brautigan: those are the end of my comments, I'd like to open the floor to questions,
Kahai Kubo: With the purchase of Global Credit will you be creating a SL credit reporting system?
IntLibber Brautigan: yes it will, the system includes a credit scoring system that will tie all licensed card systems together
IntLibber Brautigan: we will in effect be the Visa or Mastercard of SL
IntLibber Brautigan: along with being a credit agency
Tizzers Foxchase: What will be the starting credit limit, and who will this credit card be available to?
Marc Attenborough: most of the systems here cant even calculate P/E , Sharp Ratios, or Standard Deviation. How do you intend to jump the curve and introduce short options?
Marc Attenborough: covered options arent even available yet
IntLibber Brautigan: New avs will start with a low credit limit, maybe 20-50 L$, as they add payment info, or disclose RL ID info, their credit limits will greatly increase as well as long as their credit history remains positive
IntLibber Brautigan: Marc the P/E and PEG information will be naturally calculated from data submitted by our integrated P&L reporting system
IntLibber Brautigan: this will allow for easy charting on our inworld graphs as well as on the website
Marc Attenborough: that all sounds like a logical second step, other than going with short options... that introduces a huge element of risk
IntLibber Brautigan: the short options will not allow for naked shorting at all, we intend to start off very conservatively in this market
IntLibber Brautigan: and we will use accepted mathematical rules for determining how the shorting system works to ensure that it remains stable and liquid
King Broome: you will honor put option even the company went belly up, right?
Alyx Stoklitsky: More importantly: Might I ask... what the purpose of a credit card in SL is?
IntLibber Brautigan: that depends upon who is doing the put options king
IntLibber Brautigan: if a CEO uses an alt to do puts cause he knows hes closing his company, then we have issues to deal with
Marc Attenborough: i guess where i am confused is that why would you short a stock that you already own
King Broome: well the out option is insurance in some case
Marc Attenborough: why not just sell it
IntLibber Brautigan: the purpose of a credit card in SL is to help people maintain their consumer activities despite not having cash at hand, for the same reason people have credit cards in RL
Alyx Stoklitsky: But in SL you can just click "Buy Lindens"...
Kahai Kubo: and hopefully the beginnings of a credit reporting system
IntLibber Brautigan: Who knows what some folks may try to do Marc, but we intend on making sure the system isnt' abused in any fashion
Cliff Eclipse: Who else has credit cards in SL?
IntLibber Brautigan: and Alyx, some people may not be able to buy lindens at the time they need them
King Broome: First meta has credit card
IntLibber Brautigan: Global Credit sold an earlier system to LLBT
IntLibber Brautigan: but its not licensable
Amelie Dibou: and could avoid the 3% transaction fee, if the person is expecting Lindens to be earned in the near future
Cliff Eclipse: The Bank has them? IntLibber Brautigan: The Bank does not
IntLibber Brautigan: and in any event, The Bank is in very bad shape right now. They were working on introducing a RL debit card for L$ to US use
but did not have a credit card for inworld transactions at all
IntLibber Brautigan: First Meta is a rather new operation, and actually may be infringing on BNT Financials copyrights in SL, given our old name was Meta Bank
Cliff Eclipse: Will this be the start of Credit Reporting Agency?
IntLibber Brautigan: yes
Ashleigh Wade: what is the timeframe for the credit system? when do you plan to launch?
IntLibber Brautigan: We have a fully functioning system now, and we plan on making cards available for BNTF customers within a week
IntLibber Brautigan: we will then be licensing systems to other banks
Kahai Kubo: Regarding dividends, are your plans to only issue them for every 100 sims sold as previously stated? Or do you forsee potential dividends when these new projects take hold?
Kahai Kubo: Dont get me wrong Im glad I bought BNT but its been a long ride with no forseeable income aside from trading the stock Id like to hold.
IntLibber Brautigan: When the new projects take hold, if our profit situation improves by very large degrees, then we will revisit the dividend policy, however we have a very long term plan in place that goes beyond our immediate projects.
Tizzers Foxchase: Intlibber, how do you plan on utilizing the SLEC to act as an effective watchdog on the slcapex? Will there be a Sarbanes-Oxley type regulatory structure with severe consequences for fraudulent activity?
IntLibber Brautigan: as many know, we plan on opening our own independent grid here in New Hampshire
IntLibber Brautigan: We expect wrt to other exchanges, that as companies list in our exchange, this will generate more market pressure for exchanges to comply. The success of SLEC in the market depends largely on the investor on the street to care about who they invest with and the ethics and standards of those operations
Marc Attenborough: Can Second Life Support a 5th Stock exchange?
IntLibber Brautigan: We are negotiating with some rather large companies in SL who want to IPO on our exchange only, because they feel we are the only credible organization that can manage an exchange in a mature and responsible fashion
IntLibber Brautigan: there are also some large companies on the other exchanges who feel trapped in those exchanges and are looking for a more
SkyRanger Hammerer: Could it be derogatory to the exchange that you are currently listed some of the comments about the current in-world exchanges' "lack of credibility"?
Tizzers Foxchase: Also, does it not worry investors that the exchange is going to be controlled by one of its own traded companies? If Microsoft were to control the NASDAQ, would that not make investors nervous?
IntLibber Brautigan: When an exchange rejects an IPO without even reading the prospectus, and its staff demonstrate they never read it, that is de facto evidence that they are not operating credibly
SkyRanger Hammerer: The same exchange that you currently have your business listed? How is that assuring to current and prospect investors concerning BNT?
IntLibber Brautigan: All exchanges in SL have the owning company listed on that exchange, and Down Jones lists itself on the NYSE
IntLibber Brautigan: Dow Jones.....should an exchange operating company be listed on a different exchange? that seems rather irresponsible and leaves a company open to sabotage by competitors... you don't demand that macdonalds only sell its burgers at burger king
Marc Attenborough: Dow Jones is not an exchange
SkyRanger Hammerer: Or may leave the option to use arbitrage for current investors and fund managers
IntLibber Brautigan: Dow Jones Company owns the NYSE
Tizzers Foxchase: Yes but Dow Jones and the NYSE aren't controlled by a single person either. You can't deny that there is going to be concern about internal manipulation.
IntLibber Brautigan: only by those who have zero experience with my own integrity, however we plan on appointing another person to be CEO of the exchange and we plan on making it operate under rules of community governance
Marc Attenborough: The NYSE is operated by NYSE Euronext, which was formed by its merger with the fully electronic stock exchange Archipelago Holdings and
Maelstrom Baphomet: Why is it no Exchange owner wants to CEO their own exchange? That's always suprised me.
IntLibber Brautigan: Marc thats a recent development
Ashleigh Wade: Dow Jones doesn't own nyse Int - however NYX is listed on NYSE Euronext.
IntLibber Brautigan: yes however Dow Jones used to own NYSE, the buyout by euronext was recent..either way the objection lacks validity
Marc Attenborough: Who will do the banking... because i believe its a conflict of interest for the bank & exchange to be commingled
IntLibber Brautigan: they bank will be separate from the exchange
Maelstrom Baphomet: Investment bank.
IntLibber Brautigan: Thor Columbia is our VP of Finance Cliff is VP of Lending
Marc Attenborough: which bank, is my question... M2B?
IntLibber Brautigan: their operations are entirely spearate from the exchange
The exchange is the Ancapistan Capital Exchange or ACE
Maelstrom Baphomet: At least you got a good anacronym for it.
IntLibber Brautigan: I'm looking for people like those who came tonite to be involved in the community governance side of the exchange. I definitely don't want to be, or be seen, as some manipulative tyrant
Farqot Gustafson: Hopefully the Apex Currency Exchange on WSE doesn't scream.
SkyRanger Hammerer: Sl is currently overun by exchanges and the residents are currently lacking the liquidity with the currentexchanges. Very difficult for yet, another one to surge
Kahai Kubo: Would you be kind enough to take over all of the bloody SL exchanges so I dont have to go to four websites to check my stocks please?
Maelstrom Baphomet: I like multiple exchanges. Competition will either breed integrity or destroy the ones without.
IntLibber Brautigan: that may happen Kahai, or you can just have your favority companies vote with their feet to move to our exchange
Kahai Kubo: Good point Maelstrom but when will it end?
Maelstrom Baphomet: It's a libretarian economy Kahai, it never will, prepare to be vigilant for a very long time until someone becomes authoritarian.
Maelstrom Baphomet: Without control , there will never be stability. It's just the law of human nature.
IntLibber Brautigan: are there any other questions?
Marc Attenborough: new products in the works?
IntLibber Brautigan: yes
Tizzers Foxchase: I see the credit card system ending badly. There is too much room for exploitation and not enough real demand for it. It will be an easy way for griefer alts to pick up quick spending cash.
IntLibber Brautigan: the Rat Thing avatar profiler is being released to market tomorrow this is the most advanced security system in SL works with an agent HUD and can network over an entire estate
Cliff Eclipse: Do you have any statistics on "911"?
IntLibber Brautigan: is integrated with banlink
IntLibber Brautigan: how do you mean cliff?
Cliff Eclipse: Effectiveness? Sales?
Marc Attenborough: the mailbox tier system you impletmented is awesome, any plans to roll that out to the public?
IntLibber Brautigan: Mark is handling sales, and its only been on the market a week or so, so we don't have any sales reports available yet
SkyRanger Hammerer: Sl is currently overun by exchanges and the residents are currently lacking the liquidity with the current exchanges. Very difficult for yet, another one to surge. Have you considered overexpansion with this new strategy and how to still preserve shareholder value?
IntLibber Brautigan: Well if you've followed our prior announcements
IntLibber Brautigan: we have our own orientation island and will be opening that shortly as our RL ads start circulating and driving new SL users directly to our estate via our branded OI experience
IntLibber Brautigan: our OI offers the most in depth training for new users with an interactive hud that provides immersive inductive learning in many languages. Businesses located in our estates will have free ad space in our OI
those outside our estates will have to pay for that exposure
IntLibber Brautigan: we will be advertising on major financial websites
and promoting on Wall Street itself to bring investment class users to SL to our estates and our exchange
Maelstrom Baphomet: Do you consider your exchange to be a real exchange or a purely game environment based game?
Alyx Stoklitsky: Didn't Forbes recently kill any hope of serious investment in SL?
IntLibber Brautigan: we expect that with the features we will offer that it will be the most real exchange that can be provided, however all companies will remain virtual
IntLibber Brautigan: how so Alyx?
SkyRanger Hammerer: My main concern is, if the exchange idea does not function, as I have commented on the current matter, what will you do to still preserve shareholder value?
IntLibber Brautigan: The media has been in a normal backlash cycle, mainly because LL does not do much, if at all, any advertising and certainly does not cater to the investment community
IntLibber Brautigan: we expect that with the end of the wagering in SL
that migration of SL from a vegas economy to a wall street economy is the natural evolution
IntLibber Brautigan: if SL does not make that evolution, then the economy here has few if any options
Maelstrom Baphomet: I disagree.More like an evolution from a vegas econcomy to a more barter economy with a very mild amount of transactions going through capital markets.
IntLibber Brautigan: okay, thanks everybody for coming, we will keep everyone apprised of developments as they are forthcoming
SkyRanger Hammerer: What have, or are you doing to safeguard BNT and its shareholders against possible exposure to losses with this aggressive strategy?
Thor Columbia: thanks Int, I'm glad to hear all the updates
IntLibber Brautigan: well, we have recently taken an agressive land repricing policy.. We are now undercutting Linden Lab's mainland land prices to ensure that our sims get filled
Maelstrom Baphomet: In fact, based on the most recent information on the level of money coming into SL from the SL economics pages it looks like we are in recession, perhaps even on the verge of the decline of product life cycle.. which is a good reason for LL to be going on auto-pilot if they think the same is true.

IntLibber Brautigan: I want to thank everybody for coming.

Meeting Concluded 20:02 pm sltime

Saisunshine Fackler
Executive Assistant
Sep 21st 2007, 10:38
Ashleigh Wade
Capital Exchange Archive » Legal Advice needed on DMCA Violation
Re: Legal Advice needed on DMCA Violation
If you read the minutes carefully you will also notice that Kitila sold the same system to Travis and BCX. Could you clarify why you would file complaint against IntLibber alone and not all who purchased this system? From the looks of it this could be a pretty long list. Perhaps you should just be going after Kitila alone as it seems he Kitila is the one selling mutiple versions of what everyone presumes to be thier exclusive system.

Let me preface the next part by saying I'm not a lawyer. Can I get more info on how this is a DCMA violation? Isn't Kitila the one who created the system and therefore would have an inherent copyright claim (I guess unless he created it based on your specs, not sure)? I'm definately not a lawyer, but it would smee to me this would be a violation of contract on Katila's behalf as he is promising everyone exclusive rights to a system he is selling to everyone.
Sep 21st 2007, 14:21
Ashleigh Wade
Capital Exchange Archive » To Arb Wise and Bo beck
Re: To Arb Wise and Bo beck
I don't applaud your actions. I have too much history with SL business to see what's really happening here.

In fact it makes me nervous that such decisions were made without any detailed reasons provided or quote of the TOS clauses used to determine managements desicions. It also makes me nervous that I appear to be reliving what happened with WSE last May. Thanks for more drama. You will slowly see that you have now made things much worse. This will really boost investor confidence when they see that you are willing to willy nilly de-list companies with no real reason given. It also could discourage companies from listing here when they see that management is willing to boot companies with vague cause given for delistment.

Although I guess knowing all parties involved with the series of ego clashes that have occured throughout history I should have seen this coming.

I just expected more from you Arb. It didn't have to happen this way and you know it. This appears to me to be very personal. All you needed was any reason, loose or legit.

Please explain what you are going to do with the money owed to AIG. How will ALL shareholders be reimbursed? Or are you just going to steal the exchange?
Sep 21st 2007, 14:44
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » BNT Trading Halted
Re: BNT Trading Halted
There is nothing we can do regarding Nicholas' shares. Int didn't force him to buy them nor can he control how they are sold. Nick probably saw the potential of BNT growth and bought. Indeed, if you ever go to Anacapistan and look around you would see why too.

Also - Int and Nick are not the only ones who could crash BNT. There are other large holders out there...they just don't hold 5% or more. It takes a lot to get to the 5% or more club. However a holder of mid six figures or more might do the trick.
Sep 21st 2007, 17:35
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » BNT Trading Halted
Re: BNT Trading Halted
There was no necessity to stop trading. The stock was on an upward trend before the halt. Trading goes up and down depending on market conditions. You are not guaranteed a return on investment.

I agree that Int doesn't have the best PR manners in the world. However, most of the high level execs I have worked with in RL and SL haven't had the best PR manners. It doesn't take away from the fact that the man has a vision and a plan. He also has a good team and a great set of sims.

I have discussed before the issue of low stock price. I do feel there may be too many shares of BNT in total. However the policy of Int using his personal shares to acquire companies does ease that concern somewhat.

Can we please put the issue of a company that owns an exchange being listed on the exchange to bed? To all of those people who have issue with a company that is listed on a stock exchange that it owns, I invite you to look up:

NYX on NYSE Euronext:
http://www.nyse.com/about/listed/nyx.html

Or perhaps NDAQ on NASDAQ:
http://quotes.nasdaq.com/asp/summaryquote.asp?symbol=NDAQ&selected=NDAQ

or even LSE on London Stock Exchange:
http://www.londonstockexchange.com/en-gb/pricesnews/prices/system/detailedprices.htm?sym=GB00B0SWJX34GBGBXSET2B0SWJX3LSE

Sep 21st 2007, 17:46
Ashleigh Wade
General Investment Discussion » WHO IS IN CHARGE HERE? WHO THE HELL IS IN CHARGE???
Re: WHO IS IN CHARGE HERE? WHO THE HELL IS IN CHARGE???
Rather than bantering on I will just point to a previous post.

http://www.slcapex.com/forums/topic/SLCX/551

This is very disappointing to me to say the least. I would have at least expected management to provide logical reasoning for this decision.

Thanks Cliff.
Sep 21st 2007, 18:14
Ashleigh Wade
General Investment Discussion » Trading Halts
Re: Trading Halts
I will believe SL Capex Management caused this until I have concrete proof otherwise. I believe we have the right to know more about what happened today. Only then can we know if this delisting was legitimate or not.

I will agree that Allen has not been completely on top of his game as he was when HE CREATED THIS EXCHANGE FROM SCRATCH and then sold to Arb. Yes he has missed deadlines constantly and has been a poor communicator. Frankly he always has been, and anyone who knows him knows this. But he has always come through in the end. Again, you are trading on the system he created. He also has cared enough to defend himself time and time again with the promise of making good on his obligations. SL Capex Managment's actions may have been the nail to seal the coffin.

The question still remains if this is a way for Arb to get out of paying AIG the L$6-7 Million or so still owed for the exchange. Could management please explain how this is going to be sorted? A simple stock swap for the shares that are not Allens will yield you a SUBSTANTIAL discount on the purchase. AIG shareholders should be concerned and questioning.

BNT is a good company with a great staff and a lot of people who care. They have extensive assets and extensive plans. All you have to do is go look at the Sims. You can see the business. I believe the decision to delist BNT is purely political.

http://www.slcapex.com/forums/topic/SLCX/551

The information for delisting was scarce. I would have at least expected management to provide logical reasoning for this decision. At least then we would know why and if we had reason to worry.

I would like to request a copy of the minutes from the meeting(s) where the decision was made to delist the companies today. You could at least provide more detailed info to the shareholders as to why this decision was made.
Sep 21st 2007, 19:48
Ashleigh Wade
Capital Exchange Suggestions » trading halt and delisting news
Re: trading halt and delisting news
Could you also create a policy regarding communication & emergencycommunication with the public regarding delistments? The public has a right to know what's going on the minute an event happens. We are all adults here. We have a right to know. It shouldn't be "wait and find out what happens...". This really rattles investors.
Sep 21st 2007, 20:03
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » BNT Trading Halted
Re: BNT Trading Halted
I'm all for oversight. However that solution is yet to be created. Just curious - What would you suggest be done to improve BNT? Please be respectful and honest. Business feedback....
Sep 22nd 2007, 06:44
Ashleigh Wade
Brautigan & Tuck Holdings Public Forum » BNT Trading Halted
Re: BNT Trading Halted
Thanks for your feedback everyone.
Sep 22nd 2007, 07:10
Ashleigh Wade
General Investment Discussion » The Unofficial Reason for the Recent Delistings
Re: The Unofficial Reason for the Recent Delistings
This is all so strange to me. This Sal/Allen thing has been around for sometime now...If Sal and Allen are the same then that means this person is a real genius. He can change styles of writing, management style, and purchase patterns with the change of Avatar. The number given for AFB support is an upstate NY number. Although these days you can pretty much get any number anywhere.

I am just wondering why, if Sal disappeared with so much money, did Allen raise capital from day one? Why not just use the stolen funds to build his exchange then invite the public in? Why would he go through the liquidity crises and not use the confiscated funds to make his ops run smoother and ensure that his scheme continues? Also, Sal never bought a Sim that I can recall. Why would Allen, if Sal, tie down roots and try to build his own village? Sal only rented from what I understand. It's all so weird. If this is true then I am in the same boat as Mael. I hope that Capex management is completely sure that this is the case otherwise you are ruining someones business and SL.

Also, Why boot him? If he had taken so much from Arb then why not try to enforce your notoraized ID policy retroactively first so you could get his RL ID to go after him? Didn't Sal take like 600K from Arb?

And why do we have to wait till Monday to get an official statement?

I would like to know as well what will happen with the purchase money owed to the AIG shareholders. I will have to trust in Capex management to make sure that the FULL payment owed is distributed amongst the AIG shareholders. Otherwise you are being no better than Sal was.....
Sep 22nd 2007, 10:11
Ashleigh Wade
General Investment Discussion » The Unofficial Reason for the Recent Delistings
Re: The Unofficial Reason for the Recent Delistings
I would be fine if they did check out my IP Dez. They probably already have. No problem here at all. All of my dealings over the period of the year I have been in SL have been honorable. I intentionally run a private company. You can speak to anyone I have had business or even personal dealings with.

The reason why I am passionate about the subject is that I stand to loose a sum that is considerable to me and perhaps even you too. I feel for anyone who is this same position. I will take the lumps as I made the desicion to invest. I am also a bit upset because we were in the middle of transforming Allenvest into a great new community and now that is in question. I just want to make sure that the Capex management is sure of their findings. That's all.

Thank you for responding Arb. You can bet if all that comes to light establishes that Allen is indeed Sal I will be the first to champion action towards recovering AIG shareholder, Land Fund, and Partnership Interests from him. In the meantime though, the future payments should not be made to Allen, but should be held in escrow for the victims. This is really AIG Shareholder money after all.
Sep 22nd 2007, 11:32
Ashleigh Wade
Allenvest Investment Group Public Forum » Allenvest Estates Landowners
Re: Allenvest Estates Landowners
Agreed. Great idea Dez. I also agree with Valerian - Lindsay or Marc and Cheyenne is fine with me.

Please let me know what I can do to help.
Sep 23rd 2007, 10:17
Ashleigh Wade
Allenvest Investment Group Public Forum » Allenvest Estates Landowners
Re: Allenvest Estates Landowners
I haven't personally spoken with Allen at any length since his broke his first deadline to the Land Partnership. That conversation basically consisted of "stop over-promising and under-delivering because you are losing credibility and pissing people off". I see how well that was taken.

I then had a very short conversation about a week later regarding my tier for the 3 parcels I have in Allenvest. I asked him to deduct the tier from my AFB account and he agreed. My tier was due on the 15th. I informed Estates to take my tier out of AFB. She indicated that she would have him deduct it. To date my account balance reflects no deductions. So no, I am afraid tier may not have been or will not be paid. However, he may have paid out of his pocket. Who knows? We all know that he had a great idea with this new community. He was so adamant about making this dream come true. Why would he let it all go to hell like this is beyond me. The only one to address this is Allen.

I have a parcel in Commerce City East too. Lindsay and Luke have been great estate owners. They bought those sims under firestorm, sorted through that mess, and now have smooth ops going.

A suggestion - as we move forward in trying to save the Allenvest Sims I suggest we consider letting this Bishop Sim, the non-developed one with no roads, go. It would eliminate some overhead and might make things more managable.
Oct 15th 2007, 10:59
Ashleigh Wade
Allen Recovery Forum » Meeting Tonight? Update?
Meeting Tonight? Update?
According to the minutes from the last meeting there should be another update meeting held tonight at 7PM SLT. Does anyone know if this is going to happen?

Also, it appears that some of the Allenvest Sims have been sold. Can we get an update on the liquidation and settlement progress?
Oct 19th 2007, 13:13
Ashleigh Wade
Allen Recovery Forum » Any Progress MR Allen?
Re: Any Progress MR Allen?
I wouldn't get too caught up about the search. I have searched for a few ppl lately who have existed and not turned up in the search results. I don't think he would abandon that avatar because his SL Capex Shares are held by that account. I doubt he would want to lose the ability to withdraw.

That said - We are WAY overdue for update. My last thread asked about a meeting. Regardless of the status we deserve to know. He shouldn't wait for developments but give weekly updates and detail actions plans. Its time to stop talking and start acting. This has been going on for MONTHS now.
Oct 31st 2007, 14:58
Ashleigh Wade
Allen Recovery Forum » Payouts
Re: Payouts
Bo,

Thank you for your hard work in dealing with this mess. I know it has been a crazy experience; especially since you came in on the tail end of the of a complex situation as a result of Sal Allen Van Leuven's somewhat confusing actions and dealings.

Just wondering, will this settlement also allow for compensation and settlement of investors in the land fund and the limited partnership? Has there been any mention and consideration of these investors?

If not, Allen, would you please comment if there is any plan to compensate those of us who invested in these funds?

Thank you Allen for cooperating in this matter. You have always shown that you want to see this through. Although I strongly disagree and am sorely disappointed with your actions that brought us to this point, I do thank you for your persistence in attempting to right a wrong.

Ash

Nov 13th 2007, 13:55
Ashleigh Wade
General Investment Discussion » Intlibber, Midas, SLEC & Others.. a statement.
Re: Intlibber, Midas, SLEC & Others.. a statement.
I generally agree, but also remind everyone that when IntLibber founded the SLEC BNT had not even thought of running an exchange. BNT was only in the land business at that time. ACE was a thought many months after the establishment and first rumblings of the SLEC. The SLEC was off to a good start when first founded (around FEB-APR '07 if I recall correctly), however management changes and lack of enforceability coupled with lack of clear leadership have caused it to flounder. This is also due to many other factors, the results of which are outlined in this thread here.

I believe we all agree that there should be some sort of cohesive unit for the capital markets as a whole, so why can’t we build on that?

Remember though, in order for any unit to have a "regulation" type power in SL, it will need the agreement and buy-in of all the exchanges. They would need to submit and work with this group to achieve a common goal. This has been a challenge in the current environment.

In my mind we should have a group, perhaps even the SLEC, that is governed by exchange independent parties. They would oversee this group and conduct meetings, investigations, etc. They would also issue standards and practices that would be adopted across all the exchanges. In addition, each exchange would invite one representative to sit on the board and weigh-in/liaise with the board and represent their respective exchanges interest. It would even be ideal to have a Linden sit on this board, but I doubt LL would go there.

It seems this is all a pipe dream, however, as most exchanges have the belief that their system is the best and are not willing to work with each other in the name of SL Investment Quality.

I do believe that we have come a LONG way since December 06. But I also believe we have a long way to go.
Nov 13th 2007, 14:16
Ashleigh Wade
General Investment Discussion » Intlibber, Midas, SLEC & Others.. a statement.
Re: Intlibber, Midas, SLEC & Others.. a statement.
Just as a side note - I don't believe Int thinks that SL CapEx intiated any DDoS attacks on ACE. I do believe that an independant party - not exchange related - is proving to be the root cause of those attacks. However investigation is ongoing at this time.

There are a lot of SL terrorist groups that make trouble for BNT. One of them is dead set on destroying BNT:

http://www.encyclopediadramatica.com/index.php/Patriotic_Nigras

Also, frequent griefer attacks on Ancapistan are a common occurence, Int's not making that up. I was attacked in Nolan not 2 days ago. Back when WSE was in Friedman attacks occured almost everday.

LOL - I was telling Cadence about a time I was watching the Green Lantern and the Justice League fight a guy trying to fly a plane into the WTC memorial. Good thing BNT's security is top of the line.
Nov 13th 2007, 14:21
Ashleigh Wade
General Investment Discussion » Intlibber, Midas, SLEC & Others.. a statement.
Re: Intlibber, Midas, SLEC & Others.. a statement.
I think you are right about Junish on the current SLEC, Linds. It makes since because AVIX was launched late may and SLEC's first rumblings were from the WSE/AVIX drama.

I believe that we have the correct people to get everyone to the table. Int doesn't hate Arb as much as you think.
Nov 13th 2007, 14:29
Ashleigh Wade
General Investment Discussion » Intlibber, Midas, SLEC & Others.. a statement.
Re: Intlibber, Midas, SLEC & Others.. a statement.
Hmmm - Did he provide any reasoning for his desicion iVentures? It's frustrating to see that we are the only ones willing to work together at times.
Nov 13th 2007, 14:44
Ashleigh Wade
General Investment Discussion » Intlibber, Midas, SLEC & Others.. a statement.
Re: Intlibber, Midas, SLEC & Others.. a statement.
I presume that iVentures wanted to participate in a role other than general member. Perhaps as a board member.
Nov 13th 2007, 14:46
Ashleigh Wade
General Investment Discussion » Intlibber, Midas, SLEC & Others.. a statement.
Re: Intlibber, Midas, SLEC & Others.. a statement.
At any rate - yes general membership is just that easy. The site still needs to be further developed.
Nov 13th 2007, 14:49
Ashleigh Wade
General Investment Discussion » Intlibber, Midas, SLEC & Others.. a statement.
Re: Intlibber, Midas, SLEC & Others.. a statement.
Also I believe there are other requirements to join as and entity and perhaps iVenture's group did not meet those requirements. I believe you must be an SL public company to join as a group.
Nov 16th 2007, 08:57
Ashleigh Wade
General Investment Discussion » LukeConnell Vandevere speaks on Midas issue
Re: LukeConnell Vandevere speaks on Midas issue
I hold no Hope Capital Bonds and didn’t have any funds in Midas Bank. For once, I get to be a third party…..

HCL/WSE -
The bigger question to me is why were the bond payments deferred? Wasn't the reasoning behind Luke's decision to defer due to situations that occurred before the bonds were issued, not after? Couldn't he have done forecasting pre-bond issue to realize that he would not have been able to make payments as promised, and perhaps not made such aggressive promises and/or reevaluated the issue of the bonds (or at least the secondary offering)? Was there a disclaimer in the prospectus that payments might have been deferred? Why did he wait until a few weeks before payment was due before he deferred payment? When he realized he wasn’t going to be able to pay, why didn’t he directly contact his major investors to find out how this would affect them and perhaps work something out? HCBs aren’t cheap. And why was the deferral announcement buried in the Hope Capital Report and not made as a prominent announcement on WSE when it was clear it would affect so many? Has anyone seen any of the world wide marketing campaign that this bond was supposed to pay for? So confused. So many questions about this....Luke has a good heart and is a visionary, but sometimes I wonder what he was thinking. Man I don't envy his job at all.

Midas -
I think it’s clear he over leveraged - bad mistake in this enviroment. To many eggs in one basket it seems. However, I guess Midas had faith in Luke's word to make good on payments as stated in the prospectus, which would have kept Midas’s float on track (supposedly). Midas took a large risk by investing so heavily in HCBs. He should have never poured that much capital in and jeopardized his float. But why didn’t he sell the bonds immediately after discovering the deferral in order to keep everything afloat? He would have taken a loss but might have been able to salvage the business. This too is interesting…

Exchange Controlled Bankruptcy Dealings -
Exchanges controlling bankruptcy proceeding is one of the most logical solutions with the absence of any courts and/or third party arbitration. It seems the main complaint here is that the shareholders of the bankrupt/fraudulent companies don’t get a word in how the proceedings are distributed and have decisions made for them. This does need to be considered, however I feel that the public at large should be grateful the exchanges take it on themselves to try and make some amends to bad situations. They could just wash their hands completely, as they really don't have any obligation to clean up the mess due to poor management, in most situations. It's also hard to lump all "bankruptcies" into one category. They all have had their unique reasoning for going out of business.

We should write a book ya’ll.
Nov 16th 2007, 09:20
Ashleigh Wade
General Investment Discussion » Second Life Financial Commision
Re: Second Life Financial Commision
I don't feel that Amor's proposition is for a regulatory body. It's read to me that he want to create a community based group that would study and recommend policies and best practices to create a common theme for all exchanges. This would be great for the investor. This would also serve in the interest of all exchanges in that it would allow common elements, and would allow ease in investor cross pollination (i.e. the ability for investors to go from exchange to exchange and know what to look for as far as financial statements, etc.).

The difficulty will be in getting the exchanges to buy-in. Most exchanges and their leadership feel their policies and practices are the best and would not submit to a common theme. I feel the idea is great in theory, but will be very difficult to implement with a wide spread acceptance.
Nov 16th 2007, 09:46
Ashleigh Wade
General Investment Discussion » LukeConnell Vandevere speaks on Midas issue
Re: LukeConnell Vandevere speaks on Midas issue
I agree that banking holds priority and bank account holders as well as accounts payable should be paid out first, then address the shareholders. I was only commenting and, in a round about way, thanking the exchanges for addressing the issue with some sort of solution in the absence of any real solution (especially since the company CEOs seem to like to run from the problem). Otherwise the businesses would just poof and we would all be out. LL has made it clear they will not get involved at this point.
Nov 16th 2007, 09:52
Ashleigh Wade
General Investment Discussion » LukeConnell Vandevere speaks on Midas issue
Re: LukeConnell Vandevere speaks on Midas issue
As far as banking - the trend appears to be that withdrawls are outstripping deposits at a lot of the banks and therefore the float needs to be replenished on a continual basis to deal with the exodus. And then there is the agressive interest rates....
Nov 16th 2007, 10:13
Ashleigh Wade
General Investment Discussion » LukeConnell Vandevere speaks on Midas issue
Re: LukeConnell Vandevere speaks on Midas issue
I agree with your lower rate, Lindsay. The higher rates just aren't sustainable in the long run and I think it was a good move to go with slow, low and steady. I feel the returns on investment in this enviroment warrant a conservative approach.
Nov 16th 2007, 10:22
Ashleigh Wade
General Investment Discussion » LukeConnell Vandevere speaks on Midas issue
Re: LukeConnell Vandevere speaks on Midas issue
Luke has always made efforts to address things when approached reasonably. He has always worked with me whenever I needed I and am sure he will do his best given the circumstances. I just can't get over, though, how he sometimes strong-arms people and makes decisions without thinking of the broader repercussions. WSE is an integral part of our marketplace and Luke has got to know that little decisions he makes affect our world in a big way.

I think it's still too early to call on this one. Ahhh SL....
Nov 16th 2007, 10:28
Ashleigh Wade
General Investment Discussion » LukeConnell Vandevere speaks on Midas issue
Re: LukeConnell Vandevere speaks on Midas issue
I guess I should qualify that last statment with saying Luke has always made efforts to address things when approached reasonable *in cases I've had to deal with*. I am sure that some of you believe otherwise.

Happy Friday Everyone btw.
Nov 16th 2007, 11:08
Ashleigh Wade
General Investment Discussion » LukeConnell Vandevere speaks on Midas issue
Re: LukeConnell Vandevere speaks on Midas issue
Well I wonder if the current high interest, which we all agree is unsustainable, is due to the way the market evolved.

Heres my theory:
The first bank in SL was Ginko. They offered their high rate which was sustainable at that time due to the parallel with the growth of SL 2005-2006. More funds came in than were withdrawn. We can agree that Andre Sanchez was not a banker. But no one knew that at the time.

Enter everyone else. In order to compete with Ginko, everyone had to offer rates that competed with Ginko. Add in the euphoria and hype of the "growth rate" of SL and you get a bunch of banks with unsustainable interest offerings. However this went on because everyone was taking in money and not having to look at real business issues (ala bubble). This began to deteriorate after a while however. The positive was we began to see the entry of people with banking experience and/or models that produced a high rate of return to support the outlandish interest obligations.

Ban gambling and enter realistic business folks with banking experience. Ginko falls, domino effect begins and everyone has to take a hard look at operations and ask themselves "can i continue to offer this rate?". Most say no, which is why we are now seeing the ratching down of the rates across the board to more realistic levels.

Thoughts? Lindsay, what was the basis for your determination of the intial rate offering when you started LNL?

Nov 20th 2007, 18:30
Ashleigh Wade
General Investment Discussion » Circuit Breakers - Good or not?
Re: Circuit Breakers - Good or not?
My favorite part of this is the circuit breaker e-bay ad on the right.
Nov 28th 2007, 10:35
Ashleigh Wade
Allen Recovery Forum » Allevest Estate offline
Re: Allevest Estate offline
Wellington when a mass return is done from parcels the system will return items bundled in large batches. You most likely have gotten all your items - they are just packaged. Problem is they are most likely packaged in a unorganized fashion. You will need to rez each return and you'll see them all, then take them back into your inventory one by one. Let me know if you need a lot where you can do this.

Ash
Nov 29th 2007, 12:31
Ashleigh Wade
Allen Recovery Forum » Allevest Estate offline
Re: Allevest Estate offline
Sure V - I will have BigRed32 Rolls clear it and send you an LM. Gimme till tomorrow. It's our play lot in Nolan.
Jan 18th 2008, 12:33
Ashleigh Wade
JT Financials Discussion » Customer Feedback - Comments, Gripes, & Concerns
Re: Customer Feedback - Comments, Gripes, & Concerns
Just curious Kiashia - when you mean you "watched the sales" what do you mean? Sales on the currency exchange? I noticed that the currency exchange a few days ago had large (hundred thousand linden or more)sales orders going at L$299/$1US. The day of the import to paypal the currency rate had moved down to L$278/$1US, which to me would imply that there was some considerable movment out. We also don't know what the paypal queue was prior to the import. That could have exhausted the imported reserve considerably even before they started buying.
Feb 8th 2008, 07:47
Ashleigh Wade
General Investment Discussion » WSE - The Timeline Expands
WSE - The Timeline Expands
Has anyone heard anything about when WSE is planning to re-open?

The orginal announcement - posted on January 4th:
http://www.wselive.com/research/announcement_detail/3290
This announcement stated up to 30 days.

Now a new announcement today:
http://www.wselive.com/research/announcement_detail/3375
This annoucement states that expected open is late February 2008.

Just wondering what everyones thoughts on this are. Has anyone heard anything or spoken with anyone at WSE?

Happy Friday to you all.
Ash
Feb 11th 2008, 07:19
Ashleigh Wade
General Investment Discussion » WSE - The Timeline Expands
Re: WSE - The Timeline Expands
Actually Cash my intention here was to gather information on what's out there so I can formulate direct questions for WSE manangment the next time I speak with any of them. Otherwise you just get the standard lines of everything is fine we are just upgrading. I realize that this might not be appropriate since its the SL Capex forum, however it is the most populated forum with the some of the savviest investors I've encountered.
Feb 14th 2008, 12:39
Ashleigh Wade
General Investment Discussion » SLWallet Conversion
Re: SLWallet Conversion
It's my understanding that an amount of the funds went to build Juice Trading. http://www.juicetrading.com - This was all announced on SL Reports and Capex about two months ago. The logic as I understand was to start the RL Biz to provide the obligated return to the depositors. They had to invest in something to cover the interest.

Also, I am not sure if SL Reports and SL Capex were purchased by JTF or Arb directly. If JTF purchased, then that would be another couple million in funds for each.

There would also most likely be JTF loans out to others and private capital investments using JTF funds.

All of this is done to provide a return to pay interest on depositor funds, just like in RL. RL banks keep a percentage (typically 10% I believe, not sure) of total deposits on hand to cover withdraws on a day to day basis. The rest is loaned or invested to pay the interests and make the banks profit.
Feb 14th 2008, 12:49
Ashleigh Wade
General Investment Discussion » SLWallet Conversion
Re: SLWallet Conversion
William Rustova -
"Just one more comment tonight and I will shut up. I have been in this game for more than a year and I have found one thing to be true in SL. If SL player Jack found some magic beans and grew a beanstock .. at least one person will form a company and issue stock in beanstock company too .. without waitng to see what happens to Jack."

LOL You are TOO right about this. I have witnessed many examples. Always ask for a financial back history for any SL company you invest in. That will help you determine whether you are making a solid or speculative investment.

Too many companies IPO when they should be looking for VC and Angel Investors.
Feb 19th 2008, 08:42
Ashleigh Wade
General Investment Discussion » A little trading advice please
Re: A little trading advice please
The lowest ask price is the lowest price in which someone is willing to sell shares. The highest bid price is the highest someone is willing to pay for shares.

In your example it means the people who hold shares for sale value thier shares at a considerably higher price than the people who are bidding. To me this also indicates either a large market buy or sell order rencently went through and created such a gap (or all orders were cancelled and are beginning to fill in)

The orders are literal - meaning each order is displayed as placed.

Feb 26th 2008, 13:07
Ashleigh Wade
General Investment Discussion » Balance Sheets
Re: Balance Sheets
You can also download or have annual reports for companies that participate mailed to you from the Wall Street Journal's Annual Report Service:

http://wsjie.ar.wilink.com/asp/WSJ3_search_eng.asp

Feb 26th 2008, 13:31
Ashleigh Wade
General Investment Discussion » SLWallet Conversion
Re: SLWallet Conversion
I would think it might be hard for Lindsay and LNL Financial to exist outside of SL because they are too involved in the financial sector, i.e financial services and brokerages. In most cases they wouldn't meet the capital criteria to be considered by serious RL investors or would be subject to heavy regulatory scrutiny if they did. That said, I've seen Lindsay perform great feats and wouldn't be surprised. Or if L&L Rental and Sales were to be the public face it might go over easier.

A company I think would cross the SL/RL barrier with much more ease would be the Electric Sheep company:

http://www.electricsheepcompany.com/
Feb 28th 2008, 08:16
Ashleigh Wade
General Investment Discussion » RL or SL?
RL or SL?
Just thought this was interesting and wanted to share. If only we had a LL FDIC :)

http://www.cnn.com/2008/LIVING/personal/02/27/bank.safety/index.html

Feb 29th 2008, 07:17
Ashleigh Wade
Capital Exchange Archive » question
Re: question
I'm sure you all considered the big picture when you invested in MNM. You also have to recognize that building such a company will take time and lots of organized effort. I am pleased with the progress that MNM has shown in just a little over a month of operation. They are exercising a strong control over thier content and showing a discplined approach to organizing and growing the business. I have witnessed a great growth and dedication by SL standards. The framework to appears to be coming together nicely. The content development and delivery is a little slow, but then again like I said, it's only been a month and content development takes time.

Everything we investors need to know has been provided as required by SL Capex, i.e. weekly announcements and monthly financials. To provide more than that at such as critical stage in the development of MNM could comprimise any competitive edge that MNM has. Cadence does a very good job of disclosing information as it is relevant to the investors. Can you imagine if a major RL company went around dicussing all thier deals and plans in detail? They wouldn't be in business much longer.

I am okay with a depression in the stock price at this point. Something tells me that it's not the now that matters in the price, but a year from now where the realization of the price comes due. But that's just me, and everyone has their own investmest objectives and goals.

I do think there is something to the request for a shareholder meeting. It would be nice to get the gang together.

Ash

Mar 3rd 2008, 12:06
Ashleigh Wade
General Investment Discussion » Which company will be the first ........
Re: Which company will be the first ........
At one time there was a company listed on WSE that attempted to play auditor to the listed companies. I believe the name was International Business Management or IBM as it was listed. It disappeared, not sure if it was scandal or if it went belly up.

I think what iVentures means by due diligence is looking at the physical aspects of a companies in conjunction with thier statements, etc. For example - [hoorenbeek]. You can see when you go the store the volume, the amount of people purchasing and the merchandise itself. Would the numbers logically add up and jive consistently with what you see in thier reports? If so, then good. If no, then it's time to dig in and ask questions.

What we really need (as a quick fix) is another Maelstrom to act as market watch to question and monitor and review companies without fear. Anyone remember his fraud alerts?

It would be nice to have an independant audit firm in SL. However, the numbers are only as good as the people supplying them. You will recall that even Enron had a top tier independant auditing firm looking at their books (and AA as well as Enron's lawyers were aware of the off balance sheet entities). A lot of good that did in the end.
Mar 4th 2008, 12:28
Ashleigh Wade
General Investment Discussion » Our Common Culture and Recording SL Finance History
Our Common Culture and Recording SL Finance History
One of the things I think we miss is a detailed recording of our dealings for future newbies to review where we've been. The forums record our thoughts somewhat, however so much is missed and the details fade more and more each day.

One site I've found and love to refer to from time to time is the SL Finance Wiki. I would encourage everyone to participate in helping to complete our history so that everyone can know where we have all been together:

http://www.slfinances.net/index.php/Main_Page

I am not affiliated with this site other than adding information where I can. I just want to preserve our heritage and history for future generations. We have been through much together and it would be a shame to lose valuable information that others can draw on in the future.

Kind Regards,
Ash
Mar 5th 2008, 12:51
Ashleigh Wade
Capital Exchange Archive » False info or gross oversight?
Re: False info or gross oversight?
Wow Enky. Really? Have you taken the time to get to know any of the staff at MNM or seen what is developing there? You above all should realize that it was going take an investment to build an infrastructure. Did you all just expect them to sit on the money and pay it out in dividends? What did you expect them to do with the IPO money? Further what does this say about the trust you all have in SL CAPEX management?

To all - I don't disagree that the price of L$5 was too high for an IPO. However if they would have issued 5 times as many shares at L$1 a share I doubt any of you would have batted an eye.

Hellge I'm not sure what you are getting at. There was no scam with VLADA. VLADA's PR is handled by Momentis which is currently being run by Arianna Barbarosa. Cadence turned over the reins a while back. Furthermore, no money from the VLADA IPO went to push ad campaigns for anything MNM. And as far as people working for two or more SL companies I don't know what to tell you. That is one of the most common things in SL. If you don't like it I suggest you get into the SL workforce.

And again with the short term. The effort to undertake such a large project as MNM is going to take time and money. The reason for the IPO was to create funds that can take MNM to the next level. One can assume that such effort would take MORE THAN A LITTLE OVER A MONTH TO CREATE. I'm not sure if you've ever started a business, but most businesses are not profitable in the first few months if even in the first year. MNM has to lay the ground work and infrastructure as well as start a content pipeline which could easily take many months to deliver.

It's quite presumptuous to assume that anyone other than MNM investors are looking at the broadcast (btw there is more content than just the broadcast). Regardless of who is looking it also takes time to grow a viewing audience.

I hope that you all attend the shareholder meeting in March. This would be a great time for you to pose your questions to management.
Mar 6th 2008, 11:17
Ashleigh Wade
Capital Exchange Archive » False info or gross oversight?
Re: False info or gross oversight?

Edited by moderator Mar 6th 2008, 11:37
Okay Enky I see what you are getting at - you always are go to the numbers guy :)

Based on your last post I can see what you are saying. It was the reference to Allenvest that threw me off. Cadence and team are working hard to make a top notch company and they weren't involved in the Allenvest mess. We lost a lot of money with Allen. I know that is not the intention here.

I do agree the IPO was overpriced as was. However, it was my understanding that it was going to take a massive investment to get this company started right. Therefore I expected a dip in price (and historically I have rarely seen an SL IPO hold value when priced over L$1, there is always a dip after move to trading from what what I've seen). I figured that into my MNM investment objectives. I guess my perspective is from looking at the long term. Working with media companies and startups in the past I know that it takes a long time and massive investment to build a brand, audience, infrastructure, and content pipeline. They are working hard to build this company at breakneck speed. I don't realize the value in terms of today, but in terms of six month to a year from now.

Mar 19th 2008, 10:40
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Easter Egg Hunt
Re: Easter Egg Hunt
Nice! I didn't realize you had a vendor Arnaud. I will make sure and get a few to plant this weekend!
Mar 20th 2008, 12:21
Ashleigh Wade
General Investment Discussion » DDE Delists from WSE
Re: DDE Delists from WSE

Edited by moderator Mar 20th 2008, 12:27
Actually it wouldn't be that hard to go private if you do it right. The idea would be to buy out the minor holders and eliminate those shares from float. The remaining larger shareholders then become equity partners in a smaller, more managable structure. In Delicious's case it might be harder to manage because DDE was broadly held, but I'm sure that her cash flow would handle this approach on a fairly rapid basis. It the large holders are on board then this process is pretty painless.

Delisting first is most likely her attempt at asserting control so she can manage the process rather than having Luke manage it for her.
Apr 1st 2008, 09:04
Ashleigh Wade
General Investment Discussion » Linden Lab to IPO on WSE!
Linden Lab to IPO on WSE!
Check out:

http://www.your2ndplace.com/node/1064

All I can say is WOW ;)
Apr 4th 2008, 07:41
Ashleigh Wade
Capital Exchange Archive » False information put out by MNM?
Re: False information put out by MNM?

Edited by moderator Apr 4th 2008, 07:52
OK Investor Nitely, I'll bite on this one. However, I need a little more clairification from you. You have only posted four times in the SL Capex forums. Each time has been in the MNM forum and has been critical of MNM. It appears you have an biased agenda.

Forgive me if I question you on why you assume a third party competitor would have intimate knowledge of any contract terms and conditions between Lit Fuse and MNM. Perhaps exclusivity is limited to certain types of programming. Perhaps not. But did you try to contact the heads of MNM or Lit Fuse to clarify anything, or are you just basing this on a conversation with an un-named party who is not direct representation to either party you refer to? Who is this other SL TV Station?

On Divas, maybe the exclusivity is confined to in-world broadcasting. If it is on you tube anyone can put it on their webpage.

I will acknowledge that the marketing on MNM's behalf appears to be a little agressive and at times appear over promising and a tad unrealistic. That does warrant caution and questioning. But to take it to the next level and assume that operations are faltering is kinda Chicken Littlish. Marketing by nature is always agressive. What company doesn't want to paint themselves in the best light?

Also, given that this forum has appeared to taken a turn to constant bantering and critism I can't say that I blame the management of any company for not wanting to post or read the forums. I myself would rather see management focused on progressing business rather than responding to comments from someone who spoke with someone else not affiliated with either company in any way who said something that leads that someone to draw a conclusion that was obviously already pre-determined in thier mind.

That said, I do see a pattern here and intend to pursue my questions directly with MNM management and not in the forums.
Apr 4th 2008, 12:28
Ashleigh Wade
Capital Exchange Archive » False information put out by MNM?
Re: False information put out by MNM?

Edited by moderator Apr 4th 2008, 12:34
Thanks for you information, Investor. I am sorry if I came across in the wrong light, however I am aware of many instances where alts are used to push misinformation and MNM gets a brunt force of attacks.

You cleared up my questions. You are correct that a company must back up its promises and I intend to address that in my discussions with management. I also believe that tangible proof of progess will be forthcoming.

The problem with the forums is that there is inherent doubt in SL finance given the myriad of blow ups that occur. At the sign of any trouble people run for the hills and complain. A lot of times I've seen people very quickly call scam (and in some cases rightly so!) without investigating or getting to know management or understanding the nature of the problem or business. I do have to admit bias on my side because I've had a long working relationship with a number of the SL Capex companies and MNM staff, both being a client and having them as my client. The tough questions must be asked, but I doubt very seriously there has been more to this than a tendency to over-state and over-promise based on very agressive projections.

I do know that MNM management shys away from the forums because they are constantly fighting a losing battle. I would encourage all who have questions to reach out directly. In most cases you can get a answer very quickly, whereas in the forum you usually get everyone jumping on the bash bus.
Apr 4th 2008, 13:21
Ashleigh Wade
Capital Exchange Archive » False information put out by MNM?
Re: False information put out by MNM?

Edited by moderator Apr 4th 2008, 16:07
Hi Sophia,

We have to catch up soon. It's been a few months since my last visit with you. I need your expertise on something :)

Regarding the footwork, actually no, with the nature of my RL job I barely have the time for lunch lol. However yes, you are correct I do live in New York. And since you bring it up I was invited on Monday to meet the RL side of the MNM management team within the next few weeks.

I do want to also point out that this is New York we are talking about. I live in Queens in a what would be considered a lightly populated area (Astoria) and there are about 1,000 residents and 5 businesses on my block alone. It wouldn't surprise me if this business you pointed out and about 20 others are on the MNM block. It is in the Village after all. I have also seen shared executive suites as well. Could even be an apartment converted into an office. Just to note, a fine art shipper I once worked with had an office in the city and a box a Grand Central Terminal Post Office for his mailing address. In the city there can be many variations. Just because you run an address doesn't mean that's the only thing there. For example, check out 75 Ninth Avenue New York, New York - It's the same as 88 Tenth Avenue, just FYI.

-------

Ivan,

I don't know your 15 million linden man yet, but I will shortly. And I look forward to hearing more about what they are developing.

You do have very valid points on the valuation and i don't diagree with that. I have to dive into the numbers more to figure out what went on there. I imagine I will have more questions after that.

I would like to clear up the business plan though. In a city where one pays US$550/hour for an attorney, US$60,000 for six months of executive coaching, average dinner out easily cost US$200 up, consultants start at US$200/hour and the average broker on wall street made US$800,000 for last years bonus alone, no I don't believe US$5000 is a crazy price for a decent business plan. Also, as has been pointed out before and I believe it was disclosed in the prospectus that there would be a RL side to this company. SL Capex has been aware of this. Also, this is not the first company to take money out. LNL has done it. JTIC has as well. Hell even JTF has taken your money out (many many many many US thousands) to make a sports arbitrage website. I am not saying this is right, I am only saying that it's not only MNM.

I don't disagree that there are things that need to be cleared up. But I do think that you mis-guide people when you make off the cuff comments about taking vacations.

I agree fraud is nothing to scoff at. I have lost more than most have made in SL. Questions are good. Ridiculous, baseless speculation is not necessarily so good.

Ash
Apr 8th 2008, 12:01
Ashleigh Wade
General Investment Discussion » This Land Business
Re: This Land Business
Sometimes i think it would be better if LL/SL was a hippie commune.

I think Gen and Lindsay are aware LL is a business. But for LL to continue to do business, they need to take conservative actions that retain thier customer base in addition to attracting new people. The beef here seems to be about best practices. LL doesn't seem to care about in-world business or individuals. This decision was focused on LL's bottom line and not how this will affect those in world. A failure occured with the follow through and sampling to see how the new policies affect others before roll-out.

Linds, unfortunately I don't think there is recourse. Just like credit card companies reserve the right to flux your credit card rate on a moments notice, the LL TOS probably reserves the right to screw anyone without notice. There's nothing there protecting the land investment. They want that monthly recurring revenue to sustain operations and profitability. To hell with everyone else's in-world balance sheets listing islands as assets. This is making it clear that land is considered by LL as a commodity. Perhaps we should be valuing it the same way on the balance sheets and not as RL land per se. Thoughts?
Apr 8th 2008, 13:09
Ashleigh Wade
General Investment Discussion » This Land Business
Re: This Land Business

Edited by moderator Apr 8th 2008, 13:21
Yes, I agree with you Bo. And you too Ivan. In some instances we are going to have to create ways accomodate virtuality. RL doesn't always apply.

I do think some things have inherent asset value outside of SL, such as brand value. Although I guess its arguable though, because who would be interested in purchasing say, SL Capex, outside of SL.

The other thought I have is about resell value? I'm not an accountant. Would that be considered some sort of asset? Technically, if SL doesn't poof, there is some value created in the resell of islands. How is that accounted for?
Apr 8th 2008, 13:12
Ashleigh Wade
General Investment Discussion » This Land Business
Re: This Land Business

Edited by moderator Apr 8th 2008, 13:15
Ise - the usual tag line i hear in connection to tier is that it's akin to property tax. LL sees themselves as the government and you pay property taxes to them. Or the estate owner sees themselves as Lords of thier realm and you pay them property tax.

This is misleading as well because technically you are paying to keep the servers running. Ahhhh Second Life.
Apr 14th 2008, 10:35
Ashleigh Wade
General Investment Discussion » Ancapex WARNING - IntLibber Brautigan rogue trader.
Re: Ancapex WARNING - IntLibber Brautigan rogue trader.

Edited by moderator Apr 14th 2008, 10:44
Bo-

I think you are a good man and my respect level for you has gone up up up with the way you handled this. You put the interests of the account holders at ACE above that of petty differences between ACE and SL Capex to benefit the greater financial community. I doubt your actions would be misconstrued any other way.

Leo-

Thanks for bringing this to light. However, I read where you posted over at SL Exchange and someone mentioned you exploited this vulnerability at ACE and then withdrew funds, and that resulted in your ban. Is this true? If so then it's most concerning. Also the time line is a little off. If appears you were preferential in your notifications.

Here's the link for your reference:
http://www.slexchange.com/modules.php?name=Forums&file=viewtopic&t=45973&postdays=0&postorder=asc&start=0
Apr 15th 2008, 06:18
Ashleigh Wade
General Investment Discussion » NASD Assistance
Re: NASD Assistance
QUE? This is all a little confusing to me. Pop, she can't change the prospectus because the system doesn't physically allow it. Its something that SL CAPEX is working on. In real life however prospectuses are updated all the time. Linds i'm not sure why you want to pursue this route. I can see where you would want to make sure all is in line legally but it just seems like such a headache...There will be a lot involved to lauch a rl brokerage and financial services company.
Apr 16th 2008, 14:34
Ashleigh Wade
General Investment Discussion » NASD Assistance
Re: NASD Assistance
Wow - this thread really went all over the place!

Lindsay, I wonder if you might be better off utilizing a private equity structure for your purposes. You indicated you have investors lined up, so I wonder if an equity partnership might save you some headache in the short run as a next step rather than trying some sort of tradable structure at this point. You might be able to pitch to some VCs and get the funds needed to take it to the next level. Then again it might not suit your purposes but I just thought you might consider it.

Apr 17th 2008, 10:40
Ashleigh Wade
Zhenya Zoning Real Estate Co. » March 2008 Financials
Re: March 2008 Financials
Z -

Check out the income statment total revenue line. It's not adding correctly.

Ash
Apr 17th 2008, 12:25
Ashleigh Wade
General Investment Discussion » And now for something completely different -- A discussion about Land
Re: And now for something completely different -- A disc
Building on Arnaud's thought I would like to also incorporate a broader discussion on GAAP principles and how they apply to to SL. Given all the issues and back and forth about interpretation and what's needed for full transparancy, I wonder if this isn't the time to lock our best and brightest accountants and finance minds in a room to devise a SLAAP (HA!).

As to land - It's tough because it's not like land in RL. In RL there is a limited supply and no more can be created. In SL LL can create land at will and they've shown no fear is doing so, despite what it does to the "value". So I tend to side with - no it's not an asset. However, there is potentially a resell value on owned land. How is that accounted for?
Apr 17th 2008, 14:03
Ashleigh Wade
General Investment Discussion » And now for something completely different -- A discussion about Land
Re: And now for something completely different -- A disc
Good question, iVentures. There were a couple of reasons that SLEC never got off the ground from what I saw:

1) There was never a complete buy-in. AVIX committed, ISE committed, and WSE rejected.

2) There was a huge momentum at the time to get it going and nothing really materialized other than a template spreadsheet with partial balance sheet and income statement for financials (which is still being used by some companies today). It then fizzled out......

3) Everyone’s favorite avatar to hate was the creator of the SLEC group and idea. That instantly invited criticism.

4) There was really no impartiality on the behalf of anyone involved the way it was structured.

5) There was no way to enforce action if warranted. So the SLEC had no teeth.

Since the precedent is set that each exchange must take it upon themselves to police, I guess what I am proposing is some sort of framework which companies on SL Capex can refer to as a base guideline for reporting.

And perhaps a new template. Something in between the SLEC short form and the rather cumbersome yet thorough template previously supplied by SL Capex. Something that anyone could look at and tell mostly where a company stands. It needs to be something that takes the unique SL environment into account, though, and could apply to complex entities, such as SL Capex, as well as lean entities, such as Yellow Paperclip. Is that feasible?
Apr 17th 2008, 20:29
Ashleigh Wade
General Investment Discussion » And now for something completely different -- A discussion about Land
Re: And now for something completely different -- A disc
I agree whatever happens the solution needs to be simple and clean. Yes Sully, we are all very busy and need to be free to focus on our passion, our business.

But I feel we need a clear, common system. This forum is littered with people asking for one. Something simple that can be taught in investor education classes. Something people would come to trust. I think we all agree we could use new capital in this market. We need to start with the most basic element. No Clarity = No Capital. We have to instill trust in the system.

Statements - Are they verifiable? Well yes and no i think. Yes there are always transaction logs and receipts, but no as an investor I wouldn't burden management with a request like that unless the situation was dire and I held a strong position in the company. I would rather have them focused on the business ahead. And I diversify to mitigate risk.

We need some liquidity though. Someone create trading bots as floor specialists over at JT World ASAP, j/k!
Apr 21st 2008, 13:20
Ashleigh Wade
General Investment Discussion » MNM Balance Sheet
Re: MNM Balance Sheet
iVentures -

Cadence will be reaching out for your services:
http://www.slcapex.com/forums/topic/MNM/1800?page=2


Don't know if you saw that :)
Apr 21st 2008, 13:49
Ashleigh Wade
General Investment Discussion » MNM Balance Sheet
Re: MNM Balance Sheet

Edited by moderator Apr 21st 2008, 14:06
I'll buy. Dump away. Just let me get to the ATM first. I feel there is an upside to this company. They already have distribution channels in place and really only lack content. They have advertisers and many commercials produced already. Once programming is fully underway and the commercials assigned for production there will be a bump in revenue. And that is just the SL TV broadcast side of the company.

About a week or so ago they held a listening party at Synergy Island for one of thier real life clients, Wheat Bread Radio. The main artist also happens to be the owner of the club, Cak's Oasiz, a new lounge recently built on Synergy Island.

Perhaps I only know this because I own a building on Synergy Island too (in which I pay tier to MNM) and have built a few things for them. So I go there every so often.

In short, I feel there is some good things happening at MNM despite all the negativity. Once the finances are cleared up and the communication is improved i think there is a lot of room to grow. Like some of the other companies in SL there is a RL side as well as an SL side. It appears to be a broad MULTI media undertaking, which is why I understand they have a RL managment side, Jamar and Fred, and an SL management side, Cadence and Arianna.

And finally, since there is a question as to Cadence's "identity", I have requested a meeting with her. Nothing formal. I am not going to go in guns blazing. There is no reason to. Scott seems to be on that like gangbusters and I trust him fully. I am sure though, we will have a lively discussion about managing expectations and management in SL over brunch on Saturday. MNM has made some very agressive statements in the past, and while I don't think they warrant termination, they do warrant a more conservative and cautious approach in the future to avoid misleading investors or over-promising with an under deliver.
Apr 22nd 2008, 15:49
Ashleigh Wade
General Investment Discussion » Liquidity on SLCapex
Re: Liquidity on SLCapex

Edited by moderator Apr 22nd 2008, 19:54
What promotional materials are out there for SL Capex listed companies or individuals? Sound like there is a need for a large scale promo campaign to bring in new blood.

Is there anything being done to promote to noobs or new investors, such as investor education classes?

There is also such a lackluster opinion of SL finance now. It's going to take time to prove that everything is not "one big scam". People come here and read the forums and probably don't know what to think. All the bickering and back and forth. We for the most part know what's going on (or in some cases don't). However, someone new to the exchange may read certain comments and be discouraged by the general demeanor. They will never put their money in.

Another thought I had was about the ATM placement. Could a reduction in the SL Capex ATMs be parallel to the reduction in traffic?
Apr 23rd 2008, 16:42
Ashleigh Wade
General Investment Discussion » Issue Dividends and Stock Buybacks
Re: Issue Dividends and Stock Buybacks

Edited by moderator Apr 23rd 2008, 16:53
I believe long term holders exist. I've held some positions on WSE since they were in Yawgoo over a year ago and wouldn't dream of selling. I've also held postions on some Avix/SL Capex listed companies since it (Avix) opened last May, approaching a year ago. And I can't forget ISE, that is soon at a year too, if not already.

There has been a lot of shifting and rolling, AVIX and AIG into SLCX, everything on WSE into WTF, so on and so forth. But I've held it. For better or worse. Some profit taking and a few shifts for percentage gains here and there. But I believe in the long term and I'm not going anywhere. I've been burned, in some cases heavily, but there are a lot of gems in there too.

I do believe a relationship has to be established between company and holder, though, in order to maintain long term. Most of the companies I hold on to are ones where I understand the model and have regular contact with the management.

Personally I believe in a blended method. I think that management should retain enough funds to ensure a steady growth, however I also think shareholders are partners of the company and deserve to be rewarded as such. They are the foundation. There is a happy medium in there somewhere. It also depends on the company and it's goals I guess. It can easily be sorted with effective communication between management, BOD, and holders.
Apr 24th 2008, 06:32
Ashleigh Wade
General Investment Discussion » Issue Dividends and Stock Buybacks
Re: Issue Dividends and Stock Buybacks

Edited by moderator Apr 24th 2008, 07:02
If I recall correctly –

=IPO on SL CAPEX (or AVIX)=
BIG Beck Investment Group
BTR Beck Technical Research
DCTY DreamCities.net
HBK [ hoorenbeek ]
INC Innovative Inc.
JTIC JT Investment Certificates
KDC Karlfeldt & Delgado Capital
LNL L&L Financial Services
MECH Riot Mechs
MNM MetaNetwork Media
NDX Index Fund
NIC Nestler Investments Corporation
RCP Royal Chartered Properties
SLCX SL CapEx (IPOed as AVIX and has AIG holders too)
SLR SL Reports
SLW SL Wallet
TNW Tnw Designs and Real Estate
VBL Verballis
WPM Wise Property Management
XXX Tropical Temptations
ZEN Zhenya Zoning Real Estate Co.

=Transfer from another exchange=
HOT Kush Islands (WSE)
POW Sky Power Fund (WSE)
LCA L&L Credit Reporting Agency (offered as IPO on WSE and rolled back, then SL CAPEX)
YEP Yellow Paperclip Corp (WSE)

I think that's right for the most part. Lindsay will need to confirm the L&L Cos and for some reason POW and NDX are not clear in my mind either.
Apr 28th 2008, 07:35
Ashleigh Wade
Capital Exchange Archive » recruit : INTRODUCING - The MetaRealtors.com Agent Program
INTRODUCING - The MetaRealtors.com Agent Program

Edited by moderator Apr 28th 2008, 07:38
http://www.metarealtors.com

MetaRealtors.com Agent Program

We’re pleased to present to you the MetaRealtors.com Agent Program. You’ll make linden on your own terms.

The Program

Cost:
Initial Cost - L$600 (L$100 Franchise Fee, paid to Hel Christensen and initial 5 Ad Package on MetaRealtors.com, paid through MetaRealtors.com terminal)
Recurring Cost - L$150/every three months after initial date of sign up (quarterly) cost of ads after the initial package at L$100/ad.

Explanation:
The ads are what you use to start your business.

MetaRealtors.com offers you great exposure on a built in network. As a major “go-to” source for real estate and we want your business to grow with ours.

Listing Agencies:
When you see a parcel for sale, you offer to list it on MetaRealtors.com a fee of L$160. Once they’ve paid you, collect information for the website, take a photo (L$10); and list the ad. Each ad will net you a profit of L$50 per ad. All ads run for thirty days.

NOTE: YOU WILL NOT be able to charge more than L$160 to list an ad. The agent ad fee will be posted visibly on the website. Any violation will result in an immediate revocation of your franchise with no refund.

Some people will be content with a profit of L$50/per ad. All you have to do is recharge at L$100/per ad and you’ll keep raking in the linden. You’ll meet new people and it’s definitely better than CAMPING! We recommend you open your listing agency today.

Affiliate Agencies:
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Exclusivity:
This program will be offered to only 20 participants at a time. All participants will be invited into the MetaRealtors.com group visibly as agents to prove authenticity to clients.

Please send a note card to Ashleigh Wade if you have interest. You can also email to ash@metarealtors.com.
MetaRealtors.com reserves the right to amend this program at any time.
Apr 29th 2008, 09:13
Ashleigh Wade
Capital Exchange Archive » Cadence Responds
Re: Cadence Responds

Edited by moderator Apr 29th 2008, 09:29
Ivan perhaps you might ask your questions in a more cordial way rather than asking a question and peppering it with inflammatory commentary and unbased accusations, which you often have a tendancy to do. The questions are just, your off the cuff comments are uncessary and provoke inflamatory and/or no response. I guess Cadence just read all the threads. I can imagine how one would get upset reading all the speculation and rumor mongering.

I do hope that Cadence answers your questions quickly and you do deserve consideration. I also hope that you direct your inquiries beyond MNM and into the other SL Capex companies that are doing the same but don't seem to be on your target. MNM is not the only company who has taken money out of LL for real life business ventures. The owner of this exchange, for example, has taken sums out to fund RL ventures (JTF into JuiceTrading.com) well before MNM started. So the precendent was set by the exchange itself that this was allowed.

Nice accomplishments btw MNM, keep going. A word of advice though, stick with the topics. DNFTT. To become inflamed is counter-productive.
Apr 29th 2008, 11:04
Ashleigh Wade
Capital Exchange Archive » Cadence Responds
Re: Cadence Responds
Ivan, you are correct and you are not sewer slime lol. I can imagine that you are holding back and I thank you for not playing into it :) I can see your frustration, but also remember that we all are in this game together and excessive comments can bring everyone down a notch. Especially in this enviroment where rumor is king sometimes.

All investors should be heard, regardless of one share or 800K shares. I've seen cases in which that one share investor may be your next 800K shareholder just waiting for the right opportunity.

Cadence's response was strong and I imagine that is due to the fact that she's most likely reading everything in full for the first time. I had to learn to invoke a 24hr rule for myself in the past when posting something in frustration/anger. MNM forums in particular seem to be harsher than the rest. Everyone plays on hype here both postive and negative.

I can see the merit in the seperation of RL/SL ventures, however that will need to be recognized and accepted across the board for ALL companies and issued as SL CAPEX policy. As is, it just appears as something partial to one but not all. As it is now we have the opinions of two highly respected people but no policy that we can tie it to. Or maybe it exsists and I missed it...
Apr 29th 2008, 11:26
Ashleigh Wade
Capital Exchange Archive » Cadence Responds
Re: Cadence Responds
I did want to post a snippet from the prospectus from the use of capital section. I feel it will be useful for the RL/SL business seperation discussions going forward. In it I see a lot of mention of the use of capital in RL:

----

Use of Capital
Efficient and effective use of a fraction of the capital raised in the Private Stock Offering (PSO) and the Initial Public Offering (IPO) is key to establishing a stable and strong foundation for MetaNetwork Media.

Therefore, the following objectives will be achieved with a portion of the capital raised:

a) The RL incorporation and registration of MetaNetwork Media, Inc. and all of the company’s brands, symbols, and marks.

b) The retainer of RL legal representation to serve as permanent Legal Counsel for MetaNetwork Media, Inc. The Legal Counsel for the company will maintain and store all vital legal documentation pertaining to MetaNetwork Media, Inc. The Legal Counsel’s RL firm information and personal contact info will be made readily available to all MNM shareholders, Executives & Officers, and Board of Directors.

c) The acquisition of a reputable SL based media organization to become a part of the media company brand.

d) The purchase of additional land and the completion of construction of the MetaNetwork headquarters and the MNN news studio.

The remaining capital will be placed in the following interest bearing accounts:

- A PayPal Business Money Market Account Under the business name of MetaNetwork Media, Inc. The PayPal Business Money Market account incurs interest at 4.88%. This account will be accessible by Cadence Juran, Axle Castro, and the MetaNetwork Legal Counsel. From this account all tier, IT infrastructure (website, server, etc), and miscellaneous RL expenses will be deducted. In addition, this account will be enabled to receive payments from the MNM website and all other MNM related ventures. For complete prospectus on the PayPal Money Market Fund, see attached PayPal Money Market Fund Information Sheet.


- BCX Bank of Second Life– A interest bearing Joint Commercial Account will be opened to serve as primary for the operating reserves for the company. Only the MNM Executives, Cadence Juran (CEO/CFO), Axle Castro (COO), and Max March (CSO) will have access to this account.


-------------------

So I guess my question is - if Bo & Co. felt that RL should be seperate from SL then why was this company allowed to IPO as is? We all know that you can't change the prospectus so the wording is exactly the same as when submitted. So why is this a surprise? Is it the scale that is bothering people? I understood that funds would be removed to start both RL/SL sides of the business. I accepted that as a factor in my holding exposure in MNM. I am curious as to what everyone's perception of what the direction of this company would be. It seems there is a disconnect from the shareholder perception and the managment direction.
Apr 29th 2008, 13:18
Ashleigh Wade
General Investment Discussion » metaverseinvestmentfund (MIF)
Re: metaverseinvestmentfund (MIF)
Very good thoughts, Wiz. SL Capex does have a policy of verifying RL info on CEOs, however it seems to have relaxed a bit with the new guys. Can I request that a review is done to ensure compliance?

A due diligence board or individual would be a great addition. Back in the day Maelstrom used to play a sort of watchdog in this capacity (anyone remember his research group), and there have been various attempts to start a decent "research" or due diligence group or company. Most talk and no action. Might be lucrative....
Apr 30th 2008, 10:07
Ashleigh Wade
Capital Exchange Archive » Cadence Responds
Re: Cadence Responds

Edited by moderator Apr 30th 2008, 10:11
Well to me it's simple why the business plan can't be seen. It's proprietary and confidential and shouldn't be seen without an iron clad Non Disclosure/Non Compete Agreement and a significant level of vested interest in the business. Otherwise they are opening their secrets to competition and giving anyone the ability to copy with ease what they took time to develop.

And I've seen a significant investment in SL. How much was personal funds of MNM Mgmt I'm not sure, they will need to comment on that. Pre IPO the Synergy Island development was well underway; I had moved in and my construction started before IPO was complete. There was also the SL Tronics deal that was completed shortly before or right after the completion of the IPO. Now there's not only the website; there's the Synergy Island development, SL Tronics HQ and showroom, the new SL Tronics TV development, the MNN webcasts (which would probably be more frequent if they didn't have to coordinate so many RL schedules to produce i imagine), the MNM HQ, Cak's Oasiz Lounge to name a few. Mass Media is still a fairly baby industry in SL, which is why I understood my investment (or any SL investment really) as speculative.

Anyone who has watched the TV knows that there is a lot more programming than just a newscast, regardless of exclusivity issues. Its something to watch (and I do occasionally enjoy relaxing in front of the big screen). In addition MNM can offer exclusive advertisements to go along with the programs. A side note, I am in the process of developing a content company (WicksterProductions) to provide MNM with content (some exclusive some not). However it's been very slow and hard for me to find everything I need to get it going. If you film in SL and can do it well give me a call! Film Makers seem to come and go.

The MNM RL side is a little more obscure and I sense that will become clearer as things go along. I have seen some RL signs of MNM, such as the RL flyer for the 4/9 Caktuz Tree/Wheat Bread Radio listening party that was simulcast from Times Square NYC (Penthouse at 1604 B'Way) and Cak's Oasiz Lounge in SL. The RL announcement cards had a pretty MNM logo along side a slew of other sponsors. That landed Wheat Bread Radio as paying MNM client.

So there is progress. Where are we in the process anyway, four months? A little over a quarter is a small amount of time to me. Especially for a SL venture of this size. I know that we all like to pretend that growth and returns in SL are BOUNDs above RL, but in reality this is a secondary venture to most of us. That should be considered. I have scores of projects that I've started a year ago in SL that are just now coming to fruition.
Apr 30th 2008, 12:45
Ashleigh Wade
Capital Exchange Archive » Cadence Responds
Re: Cadence Responds
Great - I'll reach out to you this weekend.
Apr 30th 2008, 15:50
Ashleigh Wade
General Investment Discussion » Never a Dull moment - BNT style...
Re: Never a Dull moment - BNT style...
Oh welcome back LeoTheo.

Why you think he has the power to censor someone else's site. You really give him too much credit. Perhaps iPetitions read it and realized what a liability this is. There is nothing fair about it. Fair is when both sides get to tell the story.

The petition has been changed for a long while now, at least two weeks (It changed a few days after it was posted, I assume after iPetitions read it). I also noticed a total of 11 signatures and 2 of them were the same person. Not a great showing for the vast amount of people that were supposed to have been screwed by him.

Seizing all his assets would screw potential investors far more than anything he's supposedly done. I understand that he is an ass to some people, but my dealings with him for over a year now have been fair and most of the screwed people stories people tell have a long and twisted history when you dig into them and get to know the players involved.

Speaking of which, can we find out more about the vunerability you discovered? I'm specifically interested in time line of who you told what when and why you felt that you needed to dip into multiple accounts after ACE re-opened in order to prove your point. You haven't addressed this anywhere that I've seen.
Apr 30th 2008, 17:41
Ashleigh Wade
General Investment Discussion » Never a Dull moment - BNT style...
Re: Never a Dull moment - BNT style...
Thanks for your reply.
May 2nd 2008, 16:06
Ashleigh Wade
Capital Exchange Archive » going to be delisted?
Re: going to be delisted?
If MNM was on track for delisting trading wouldn't have resumed. They were required to submit satisfactory statements to SL Capex in order to begin trading again.

I just IM'ed Cadence who advised the revised Q1 financials will be posted with the April results. They are conducting an examination of the past results to separate RL ops from SL ops.

I also note Jaison posted the following in a previous thread:

"* When RL and SL are going to be properly separated?
* When the IPO money you spent on RL will be refunded?

Currently, the RL management team of MNM are performing an audit and are working on the restatement of Q1 2008 MNM financials that will reflect the seperation of our RL operations from the virtual (SL) operations. This information will be released when the April 2008 month end actuals are posted.

An announcement on the dividend release will be announced next week."
May 3rd 2008, 06:35
Ashleigh Wade
Capital Exchange Archive » HBK : delisting
Re: delisting
Both the balance sheet and income statement as required by SL Capex have been posted in the financial section of the HBK forum. The balance sheet was the missing part and was submitted on April 28th. Since trading has resumed it indicates that everything is fine with HBK.
May 5th 2008, 09:25
Ashleigh Wade
General Investment Discussion » Future of LCA
Re: Future of LCA
Kailen Juran brought up a good point over at SL Reports. Is there some way Capex could use the RL info on file to reach out somehow in case something has happened to Sully?
May 5th 2008, 13:14
Ashleigh Wade
General Investment Discussion » Bart Heart Entertainment (BHE Films) (DVD) - IPO (Vste
Re: Bart Heart Entertainment (BHE Films) &am

Edited by moderator May 5th 2008, 13:18
Hi Bart,

I do have a question. You wrote:

"I know the biggest question we will get is about copyright and licensing. How this works, it is set up to sell the movies in SL, but at no time will the customer receive the URL or the ability to download the movie, so the never own the movie. They are just renting it for an unlimited use. So the answer is that “there are no special licenses or copyright requirements for renting videos for general home use. Note, though, that they are licensed “for home use only”, but you’re renting them “for home use only” from your PC. Now if someone turns around and shows that video to a large group, they have violated copyright law, but we haven’t (unless, of course, we knowingly rented it to them for that purpose, in which case there might be a problem). Ultimately, though, it’s up to them to get the license, not us.”

You are right, my concern lies with the use of copyrighted material. My question is, if you are distributing the content to individuals for home viewing, aren't you obligated to pay royalties for the distribution en masse at profit to your viewers, or is the person at the other end of the URL responsible for royalty to the studios? Can you give me a better idea of how this works?
May 8th 2008, 08:54
Ashleigh Wade
Capital Exchange Archive » Restated Financials
Re: Restated Financials
Well there was profit last month so "another" huge loss would be a mis-classification. The previous loss was due to one time infrastructure investment, as was spelled out by management. The concern here for me is that this is appears operating loss.

Ivan, there is more content than the "same old boring" newscast and public domain shows. Have you sat down and watched lately? BTW congrats on signing exclusively with MBC. Does this mean that you will not be posting the videos on you tube anymore? I would still like to talk with you about your SLCW production. I've just been very crazy with RL and SL Biz and haven't been able to speak to anybody for any length of time.

To managment, my questions for now:

The 1.3 mil in recievables - is there a timeframe for repayment?

The RL operating income, which added L$800K to the revenue last month but was nil this month, will it no longer add to the SL bottom line now that the business had to be seperated? If it's still a part of the SL business, can we get an idea of what this income is? Is it going to swing wildly like this? Just want to put it in context...

Will you alter your SL business plans in any way now that MBC is rolling forward as a viable competitor? What will you do to distingush yourself from the pack?
May 8th 2008, 11:32
Ashleigh Wade
Capital Exchange Archive » Restated Financials
Re: Restated Financials
Yeah - that's a tricky one. From the way I understood it the RL ops (via RL clients like wheat bread radio and promotional progams, etc) were going to bring a significant amount of rev to the SL side. Now it's being seperated(for what reason I'm not sure; they did indicate they would have a RL presence in the prospectus and are not the only SL Capex listed company to have a RL side ala Arbitrage Associates LLC or LNL).

It seems that they will need to ramp up SL production, or list with an exchange that would allow a RL/SL media company (unless I am wrong and SL Capex will allow business as usual for MNM). If things must be fully seperate this should also be concerning to any company that operates in the "metaverse" as well as RL and not just SL alone. Can we get some clarification on this from SL Capex?

I did pick up a block of MBC shares via the IPO at ACE and like what they do. Looks good. But I have to disagree, I feel that MNM is a good company as well, but there have been a lot of stumbling blocks. I wish they would have started a bit smaller and grew instead of going gang busters. But I do see a lot of potential in the way long term. Its going to take a lot of dedicated work to get there.
May 8th 2008, 11:36
Ashleigh Wade
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?
Any word from anyone on this???
May 8th 2008, 13:13
Ashleigh Wade
Capital Exchange Archive » this is what happens...
Re: this is what happens...

Edited by moderator May 8th 2008, 21:01
One post ever, Cherry, and a negative one at that....can't say I can put too much faith in that. As a previous futures trader your expertise would be better utilized in examining and trying to help the situation on the trading side.

Most of the people in SLW don't have interest in trading anyway from what I understand. They just want money back.

And you are right Shaggy. The situation is much better than Ginko. SLW has businesses backing it that produce cash flow which ensure that a buy back can be done. Ginko had a house of cards in wild SL investments. From what I see, the problem is the lack of any substantial capital from which to do a buy back. Accumulating that in full will probably take time, a lot of time. It's a good sign that there is a meeting to discuss this situation.

Also a clarification on Ginko. There were never any Ginko Financial shares per say. There was Ginko Currency (GCS), Ginko Perpetual bonds (GPB), and Ginko Perpetual Bonds on AVIX (GPBA). That said, a Ginko Financial IPO did emerge on AVIX during an attempted white knight deal to save Ginko by selling it the exchange business, ensuring a cash flow to pay out the depositors, however that fell through on due diligence.
May 9th 2008, 08:49
Ashleigh Wade
Capital Exchange Archive » this is what happens...
Re: this is what happens...
Yes the facts are correct and you make a good observation. It's the "it's not going to get any better" that is the negativity to which I refer. It may not get better; however it might get better and better. If a company, say Hippo Technologies, were to IPO tomorrow it would have a broad impact on market interest across the board. It's hard to compare the SL markets to a RL market in some respects. There are ebbs and flows in interest which the RL markets are not necessarily subject to. This SL markets also tend to be more emotional rather than rational in nature.

I don't think anyone can praise what is going on. As a trader I am sure that it drives one crazy. I guess I have to remember as well that SLWers want out, whereas my tendency as an investor is to identify companies that I like, partner with management, then buy in bulk and hold for the long term. So the need for immediate liquidity doesn't affect me as such. My interest is in increasing my equity.

Part of the problem I see is that SLW really isn't much more than a promissory note with a bunch of companies backing it up. No one really wants into something like that, they only want out. Hopefully this meeting will solve some of those questions and give direction. I don't have any SLW and I really don't have any interest in it. I bought up other company shares with all my cash shortly before the transition in anticipation of something of this sort.

Do you think regular and consistent buy backs would help this situation?
May 9th 2008, 16:20
Ashleigh Wade
General Investment Discussion » Thank you Bo.
Re: Thank you Bo.
Agreed. In addition, I would like to thank you for taking on the role as Allenvest Trustee. Your follow through was great. You have communicated well. It will be nice to bring the matter to a close with a decent recovery.

You came in towards the end of the situation and didn't have to deal with it at all. You could have pushed it outside the exchange. The fact that you engaged and arranged recovery speaks volumes. It is appreciated.
May 12th 2008, 07:27
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN FAQs
Re: ZEN FAQs

Edited by moderator May 12th 2008, 07:34
Actually ZEN is in the process of completing a deal to acquire a 4th sim in partnership with an outside investor too.

Also lets not forget that ZEN is not just land alone but also has unique properties like ZEN Live, a concert venue which brings people in to visit and shop on a regular basis. There is also ZEN Fifth Avenue, a beautiful shopping district in the heart of Tamaqua. And let's not forget ZEN underground. These all add intangible value to the company.

Other than the obvious push for HOT (which is probably a good buy) I am confused as to why you value DCTY at L$2 target with 2 islands, but value ZEN at L$.75 target with three islands and a four on the way? Am I missing something?
May 12th 2008, 07:53
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN FAQs
Re: ZEN FAQs
:) Well ZEN has a pretty good track record and tight group of shareholders. I think this is a good long term so I would give it a hold. And I would highly suggest picking up shares if it dips below L$1, but i think it will continue to trade in it current range.
May 12th 2008, 08:22
Ashleigh Wade
Capital Exchange Archive » Restated Financials
Re: Restated Financials

Edited by moderator May 12th 2008, 08:29
MBC IPOed at L$5/share as well but with a much smaller issue to public. It's currently trading at L$2.50 on the buy side and L$3.25 on the sell. I've been doing some small buys for dollar cost averaging.

I also had a meeting this week with Arianna and a third party (not Anshe Chung) who presented some great ideas of new shows. Arianna has also identified a few ways to ramp up production so hopefully that will start the ball rolling there too.

MBC is concerning and I would like to hear your take on it as well Fawkes. If you don't think this forum is appropriate then I am open to discussion in RL or SL. Just let me know. If in SL, Arnaud should join. He's quite the smart cookie and would have some good ideas im sure :)

Arnaud, let me know if you continue to have trouble getting into ACE and I will see what I can do for you.
May 12th 2008, 14:39
Ashleigh Wade
Capital Exchange Archive » Restated Financials
Re: Restated Financials
Aha - I guess you are right Investor. My history reflects IPO purchase at L$5/share but the total shares I have reflect roughly double that original purchase. Now that you mention I do remember seeing an annoucement about a restructuring. Guess I need to pay more attention sometimes....
May 15th 2008, 05:56
Ashleigh Wade
General Investment Discussion » Heads up the wave has started
Re: Heads up the wave has started

Edited by moderator May 15th 2008, 05:56
Kudos Arnaud. My thoughts exactly. And I'd love a hit lol :)
May 20th 2008, 09:23
Ashleigh Wade
Capital Exchange Archive » Content? Tvs? Website?
Re: Content? Tvs? Website?

Edited by moderator May 20th 2008, 12:08
I think the better question to ask "is there anyone who is a supporter of this company, who reads these forums, besides Ash?" I am aware of supporters of the company, but perhaps that's because I work with them on a regular basis. And they all avoid the forums because it became a breeding ground for hate and complaints. And why not? It's the only place you can display your angst. However, I wouldn't have responded had you not mentioned me by name. I really don't have tolerance to continue explaining the same thoughts again and again when they are not understood anyway.

You will also note that I have been critical of MNM at times as well. I won't argue with you about need to get things in order. The execution of this plan has been rather abysmal with a lot of stumbling blocks. Some management issues, some external issues, some SL issues. However, you seem to think what has been set forth can't be changed, and in many cases it can and has been. We don't know the terms of agreements or what has been broken.

I would also like to point out that more SL companies have been championed as the "pinnacle of management" only to turn out to be jokes. Do you really think that running an SL business can be paralleled to running a RL business? LOL. SL is much different, in some cases easier and in some cases much harder...but even the Wharton MBA will run into issues. It's the only playground where the 18yo just out of high school can run side to side with the MBA. Either one can survive with the right ideas, service level and products. These markets are not developed to the point where you can fully compare SL and RL.

I think the disconnect here is how MNM sees themselves versus where the outsiders see them. MNM appears to be focused on an approach that is beyond SL TV programming and more comprehensive to include all forms of media. You wouldn't know that because they don't tell you. Not your fault. I only gain that knowledge because I ask questions surrounding situations. However, to make the assumption that MNM is only a TV company is a mistake. The problem is that the vision is not being communicated in a way that people understand. Its not really an apples to apples comparison.

The reason why revenue is getting worse...from what I see it's because the high revenue was coming in from the RL side. MNM also had to re-tool itself and it's plans because of game changing rules that have been forced on it. My understanding it that they were going (and still are in some respects) to incorporate and align the RL/SL sides of things to bring RL interest and content into SL. An example of how that has worked so far is WJAM 104.3 (Dallas) and Wheat Bread Radio. These clients are also represented by MNM in RL. However, because of clamoring, they now have to work a way to separate RL from SL. Please note my understanding is from what I've observed and gained from conversations, not from any inside information.

I would be interested in knowing what other companies you've worked with besides MBC, Ivan, and how long you've worked with them? I am curious as to what you identify as specific differences between them and MNM besides rapid tv content generation and your perception of management competency?

There are definite organizational development issues in MNM. That will be a challenge to tackle before content can be spit out. My perspective indicates, as I've said time and time before, that the idea and vision are too large to tackle with the resources on hand at the moment. I think that's why you've seen a slow down on the SL side. I understand the RL side is moving along well...

I guess the difference between you and I is that where you complain and say you won't work with them, I ask "what's going on here and what can I do help this company succeed?" This is the approach I take with all my clients and relationships, from small companies like SL Cheerleader Corp. to large companies like Brautigan and Tuck Holdings. In the case of MNM, it spawned the creation of Wickster.Productions with my first project launch for MNM scheduled for July 1 (yes I am really that busy in RL/SL and the project needs to be thought through to fullest quality). I may escalate that time line at time permits. However this approach to me this is really the only way that we can approach the situation to ensure a long term return for all the investors. It takes a community. Dogging the company is old hat and really can't add value. The horse is dead. It's time to chip in and allow a phoenix to rise from the ashes.


May 20th 2008, 17:27
Ashleigh Wade
Capital Exchange Archive » Content? Tvs? Website?
Re: Content? Tvs? Website?

Edited by moderator May 20th 2008, 17:34
Yes you've held tight Scott and I admire that. And I agree with you. 100%. MNM SL MGMT is aware of it as well. But there are things to work through...I want you to reach out to Cadence and Arianna. You have the shareholding, sourcing, and ability to help evoke change. It's time to build up the SL side.
May 20th 2008, 18:19
Ashleigh Wade
Capital Exchange Archive » Content? Tvs? Website?
Re: Content? Tvs? Website?
LOL I love it. You can be the RL investor rep and I'll be the SL investor rep :)

I think it's all the more reason for you to get involved again. Perhaps you can reach out to Jamar and Fred and explain your concerns and the need to have consistent communication from the SL Exec Team (which i think you have before). If I recall your meeting was before the odd requirement of fully separating RL and SL ops. If they are going to have two sets (RL/SL) of execs running as CEO and COO then all should be in communication. Otherwise its a little confusing and perhaps should be reorganized to cause less grief.

At any rate, I think communication should be established with the SL Team because you hold 4.9% of the company and deserve to be involved in all aspects.
May 21st 2008, 06:13
Ashleigh Wade
Capital Exchange Archive » Content? Tvs? Website?
Re: Content? Tvs? Website?
You are right there is nothing strange about it if it's that simple. However, it's apparent that its not that clear what's allowed and what's not. I guess the confusion of reading what we write in the forums has amplified and morphed the idea. It should be clarified with a policy so there is no question what is allowed and isn't. Right now it's not clear to me what went on in this respect or what was suggested or forced. The previous trading halt with required re-statment of financials seems like more than a strong recommendation. That issue is something that needs to be addressed between SL Capex and MNM. Perhaps it already has been...
May 22nd 2008, 09:35
Ashleigh Wade
L&L Credit Reporting Agency and Business Services » Answer for last noted Bankruptcy question
Re: Answer for last noted Bankruptcy question

Edited by moderator May 22nd 2008, 17:00
I believe the going rate for that software was L$1mil no? Then I guess the development and customizations would bring the cost up. Unoti's software isn't cheap....

I don't want to get involved in this situation, mainly because I don't have any share interest in any LNL Co....but I too have been on the sidelines on this one. I shy away from companies that go to the market several times for capital. It just seems like a recipe for uncontrollable disaster. Ginko did this, Tao Heavy, Allenvest, etc. In each case I think the structure was spread too thin and that exacerbated what might have been a more manageable situation. The end result was a witch hunt/trial (in some cases justified and necessary) and a cut and run. I encourage Lindsay to stick this one out. I do commend Lindsay for maneuvering to make a more manageable structure, but I think there is a lesson for all CEOs here. It just seems like all these LNL companies should have been fully developed by the parent before spun off in an IPO.

These markets should not be used for venture capital purposes. We as a community and the exchange itself should examine that thought; perhaps it would cause a lot less strife for us later. We will need to fully develop the VC market though...

Lindsay, I think you know the PR on this would have been much better if you would have fully owned the situation from the beginning instead of trying to run from it. Bankruptcy is such a strong word. Perhaps bankruptcy for LCA alone would have been more feasible. Ultimately you have taken responsibility, but there is a credibility hit here. I think you fully realize that there is a lot of support for you amongst your friends and other executives. Use that as much as you can because you don't work in a vacuum. I hope we all want to see each other succeed. In a lot of ways we are all dependent on each other.

We all work in RL and we all have hardships. Timelines should be realistic, however this is a special situation and it needs to be addressed as fast as possible with clear, concise plans and a reasonable, fully communicated timeline. This will take some time to develop fully. I understand this because in RL I am on a HR merger team working to integrate 5 companies into one with another acquisition on the way. Nightmare. Until you can get plans together communication is key.

I know pot shots from others don't help. But Delicious is right, you've made this bed, you must own up to the actions that were taken by your delegates.

Did we ever figure out what happened to Sully? The focus has been on Lindsay, but there are other responsible parties still out there...have we given up on that?
May 22nd 2008, 14:49
Ashleigh Wade
L&L Credit Reporting Agency and Business Services » LLL trading on LLFS?
Re: LLL trading on LLFS?
Well said Kailen.

I do hope you feel better Lindsay. It takes a lot to say the things you've said. I think that you bring to light something that everyone needs to see. And I think you are right, it's time to gather up, take stock, and move forward.

Something I've witnessed over and over for the last year and a half....the crazy plans to expand way too aggressively. I don't know what causes this, maybe hype, maybe the idea that you can create to infinity. I've done it myself. I way overbought land that I never ended up using before I was able to fill my first building. The end result was that I had to take a hit on most of those parcels. I am still paying tier on some parcels that I have yet to put to use. But the hype and the mysticism make the possibilities seem endless. At some point, though, realism must set in. There just aren't enough resources to set forth the ideas in a crazy rapid time frame. I was lucky in that I could act as my own VC. I also was very uncomfortable taking other peoples money on an unproven idea. I see now that I made the right choice because I am beholden to no one and can temper my growth until the right time.

I have to say that pretty much every company I have invested in has not lived up to the hype and projections (well, maybe some have MH Motors and DDE come to mind). The bottom line though is that there has to be some set of realistic expectations and consideration for the fact that we are not all online all the time and that we are human.

Linds, you’ve stepped up to the plate. I admire that. There are times we’ve disagreed and there are times I’ve wondered what in the hell you were thinking when you’ve made some of the decisions you’ve made. However, you’ve shown a eagerness to learn what you don’t know and you’ve had a passion for this place for longer that most of these forum posters here even been in SL. That passion is a double edged sword, though, because it’s also caused some very poor business decisions, but that’s life. I just wish you hadn’t taken people’s money to explore your dream before it was fully planned.

One final note, which has been said before, but I am going to put this out there again…I believe that a lot of the SL finance “scams” were not people intentionally taking other's money and running. I believe that most of them were the result of bad management. I personally knew Nicholas P, Investor Allen and Jasper, as a lot of you did. I believe that Nick disappeared because he was in over his head (over agressive, poor investing) and Allen disappeared because he had no credibility after it was revealed he was Sal Ackland (something I took as a very personal betrayal after standing up for him for so long). Jasper over expanded and spread way too thin. In Nick and Allen's case up until the last minute they were bouncing ideas around our group on how to solve the issues that A) had been forced on them and B) resulted because of poor managment decisions (It's a lot more complicated than that, but I don't have time to write all of it). Ultimately though, the weight of the situation proved too much for them to handle. I don't believe it was any of there intentions to screw anyone and take the money and run (if indeed there was actually any left) Please Lindsay, for the sake of the community don't go that route. You are beholden to those in which you and your delegates made commitment.

That’s enough of that. It is what it is. I would line up your major debtors, investors and panel up some freebie advisors . Let’s move this thing forward. You have a wealth of people to draw on. Kailen is right. The back and forth does nothing.
May 22nd 2008, 17:03
Ashleigh Wade
General Investment Discussion » I would like your thoughts on this...
I would like your thoughts on this...
I said this in another section of the forum today and I want to poll thoughts on this:

These markets should not be used for venture capital purposes. We as a community and the exchange itself should examine that thought; perhaps it would cause a lot less strife for us later.
May 22nd 2008, 18:20
Ashleigh Wade
General Investment Discussion » I would like your thoughts on this...
Re: I would like your thoughts on this...

Edited by moderator May 22nd 2008, 18:26
I see what you mean Bo. But its really not relatively that low of a risk, now is it? Let me expand on the idea a bit.

What I mean is perhaps a requirement should be made that SL Companies should be in business for at least X number of months with solid financials before they are allowed to list. It would help with IPO due diligence because there would be tangible and verifiable proof of existence.

We could form a VC network to help those individuals seeking start up capital. Then, once they are developed and have a track record, they could IPO. This would take the risk off the investing public at large and place it on a handful of individuals who understand the risk they are taking. In turn it would bring trust to the exchange that not just anything is being put out there.

It just seems like some of the historical blow ups could have been avoided had people been forced to develop and operate an idea before it was brought to the public....maybe its just me being idealistic :P

Just throwing a thought out there that's all...lol:) Nothing ventured nothing gained....
Jun 3rd 2008, 12:53
Ashleigh Wade
General Investment Discussion » Seeking opinions
Re: Seeking opinions
Bo -

I think it's worth a try. I also think you could get everyone to the table except Luke. Considering he's veered off onto his own path now I'm not even sure it matters.

A common framework developed by our community, based on RW models concepts, ethics, and values but taking into account SL variations and realisms is sorely overdue. If we as a community are to survive the onslaught of rumors and scrutiny from those outside of SL finance we have to present a common front for defense. What better way to challenge a potential shutdown than by providing community based solutions and documentation to show that we mean business?

I feel something like this can be developed. I think the problem is going to be developing and enforcing consequences that hold negligent parties liable that don't hurt the common shareholder. The only solution I can come up with to mitigate this risk is to develop a highly rigid and stringent IPO application process to ensure that only quality gets out there. However this would potentially harm exchange business....
Jun 3rd 2008, 13:18
Ashleigh Wade
General Investment Discussion » Seeking opinions
Re: Seeking opinions
Andy,

I think I see where you are going with your comments.

See the problem here is enforcement and ethics. There is really nothing wrong with the exchanges. The problems are with corporate goverance and accountability. Because there is no body of oversight, the exchanges have had to step in and enforce. But the problem lies with the companies.

SO what about this - a group is created. Not one that deals with regulating the exchanges, like the SLEC, but one that deals with the companies. A "secretary" of sorts - a SL corporate tracking and repository. In order for a company to IPO on any exchange, documents of proof must be filed with this company who will help verify that all is in order.

The companies must then file with this group company minutes, changes in BOD, corporate history, etc on a required on-going basis. If the requirements are not met then the companies are subject to penalties that would be developed (in addition to the usual trade suspension, etc). The adminstration of the group might be financed with chump change from the exchanges....Not sure....Just putting something out there.....

Jun 3rd 2008, 14:40
Ashleigh Wade
General Investment Discussion » Seeking opinions
Re: Seeking opinions
The idea behind the repository is to track a history of governance, nothing more nothing less. I work in corporate HR, specifically working under a Chief Human Resources Officer whose current focus is merger integration and organizational development. My focus here has nothing to do with numbers. Its on the people. It has everything to do with CEO, Senior Management, and BOD responsibility.

The benefit shareholders would see through this idea is that it provides them with a required history beyond accounting, such as minutes (chat logs), corporate development, changes in board, etc. This feedback system to the exchanges would ensure that a viable community entity is fuctioning, not just one person who is putting out financials as required. This idea would show that there is interest in putting the shareholders first by providing them with information as to what's going on in meetings.

In my previous post I mentioned the community would need to develop a way to hold CEO's accountable in a way that doesn't affect shareholders. Please review that post.

I do feel you can stop a MNM (but note I don't this is a valid reference beyond the overpriced IPO issue) with better IPO policies and more thorough due diligence or perhaps *a policy that doesn't allow start ups or puts caps on available startup capital*.

Perhaps it's a pipe dream, it definately can be built on, but it's something more tangible than putting it on the exchanges only to police the companies....
Jun 17th 2008, 11:22
Ashleigh Wade
Capital Exchange Archive » ISE Troubles as well
Re: ISE Troubles as well
Ahhhh....so nice. I can't believe I still come here to read this. I keep telling myself that I have to quit coming to these forums, just like everyone else appears to have.

Actually she's not AWOL. Have you missed the last few announcements? I speak with her pretty much every other day. Had you been over at the SLTM HQ on Sunday at 6PM SL you would have seen her as well. However, I figured since you sit out at Synergy Island 24/7 looking for little dots on the map or searching all the buildings (4 of them that are multi-floored at over 100m tall) and skyboxes looking for her you would know that. I myself spent at least 2 hours there on Friday, and at least 30 minutes of that was with Cadence. Just because she doesn't respond to you in the forums or appear on demand at Synergy doesn't mean she’s not around. I’m sure MNM has business elsewhere apart from Synergy. Also, as you can see, when it was brought to her attention that there were forums at ISE she did respond.

MetaNetwork is a NOT a colossal disaster. LNL is a colossal disaster. LCA is a colossal disaster. Ginko was a colossal disaster. Allenvest fallout was a colossal disaster. Bob Perry was a colossal disaster. Mystik designs was a colossal distaster. AVC was a colossal disaster. TAO was a colossal disaster. I'm sure we all have our favorites. They all died for different reasons. But this baby ain't dead just yet.

Realistically, MNM is in the midst of a restructure as had been said again and again. Restructures will most likely incur losses. AND if you noticed the losses have narrowed from this month to last. That’s a positive trend. The funny part is that they could be making up fantastic numbers and artificially inflating the stock price instead of posting actual figures and you probably wouldn't be here. I applaud them for being real, as sucky as that might be for my investment.

Stay of top of the situation Ivan, you should always be aware of things. But "Cadence is a dud" is your perception and opinion based on what appears to be a very external point of view, with just enough due diligence to justify your perception and no idea of what has or is really going on with management and their deals, and not really based on fundamental management competencies. Keep reading the Wall Street Journal, but realize that it takes much more than keeping a stock price up to run a company. Particularly a large SL company when you have RL job and little time to maximize what you can.

90% drop in share price...How much of that do you think was your influence from rumor mongering? Also, why do you assume that everyone lost money? Do you know the purchase price for each share that everyone bought? What about people who bought 1000 shares at 5.00 and then picked up another 5000 or more at L$.75-1.00, lowering their cost basis? Or what about those that skipped the IPO and just recently bought into the company. Not everyone has lost money.

MNM has problems. I agree it’s been a pickle. I think we all know that. I have to say it hasn’t lived up to my expectations either. But MNM also has some really good things going for it. I’ve seen some progress. I haven’t given up yet. I am tired of seeing you post the same complaints over and over. It’s old. And in some cases it’s been corrected or just flat out unjustified.

I think what Arnaud is trying to say is that you really need to take a step back and think through what you are saying. I know Cadence is your favorite cause de jour but you make a lot of generalizations to fit what you want the story to be. Over the last few months I've seen Cadence and the MNM team provide you with specific detail regarding accomplishments. A long laundry list if you remember. But you still come here the same post and the same claims over and over and over. They do nothing, the stock is down, the island is abandoned, Cadence is never around. Really the only one you have is that the stock is down and that could partially be attributed to the fact that you've hijacked the forum and peppered it with complaints. Why in the world would Cadence post here when she knows that you will immediately go after her in a somewhat illogical manner (lobster and private jets come to mind).

Somehow I don’t think anything I say will really matter to you in the end. Your end game either appears to be the fall of MNM or the dismissal of Cadence. It appears to have become quite personal for you since you claimed she attacks shareholders, but in realism she only attacked you (and one or two other people) after you spent days making outlandish statements and slanderous claims that culminated in a racial and stereotypical thread that was completely off base. Hmmm – I wonder why she would be angry? I wonder why she would avoid you and the forums after that?

And that’s it. I’m done with this. It’s so much more fun to be in RL and in-world than to read this over and over again. It’s no wonder the population of the forums have dwindled.
Jun 18th 2008, 17:33
Ashleigh Wade
General Investment Discussion » Fundamentally flawed themes
Re: Fundamentally flawed themes

Edited by moderator Jun 18th 2008, 17:39
Well Botticelli,

First, it's important to remember that SL Finance is made up of rules grown through organic process based on RL, but twisted to fit the virtual world limitations. It's still a fairly new concept and is constantly changing...

Regarding Point (CEO Compensation)

-The common compensation plan for CEO is usually based on dividends. In most cases the CEO/founder holds 50% or more of the shares outstanding. Any dividend will distribute the lions share of profits to the CEO. This is an altruistic pattern that developed in WSE 1.0 and has stuck around. Its become a best practice so to speak, and that's why it rubs people the wrong way.

-There is no effective governance control vis-a-vis a board compensation committee to put limits on the CEOs compensation package. The shareholder is not represented fairly in the equation.

-Employees outside of the CEO are usually compensaated through a blend of cash and stock grants from treasury or CEO shares.

Thats not to say I don't support CEO salary. Quite the opposite.

I think in the case of [hoorenbeek] it's that the CEO has granted himself this package, representing a huge amount of the revenue. He would receive the same through issuing a dividend.

Point #2 (Sharing of Vital Business Info)

I'm not sure why the common shareholder feels the need to have access to prop and conf information. I work for a public company on a day to day basis with C-Suite and I know they would FLIP if a shareholder called and asked to see any of our plans. Lawyers would be on the phone. In fact, even in past mergers with other public companies our due diligence was primarily limited to what had been filed publicly.

I think it's because they don't realize it's like a game plan, which contains information that does or will give a company strategic advantage over competition. In the wrong hands that could be catastrophe. I could pick it up and be in business. I've had to sign NDAs for MUCH LESS.

There's much more to it tho. Welcome to the emerging wild west of SL finance :)
Jun 19th 2008, 07:23
Ashleigh Wade
General Investment Discussion » Fundamentally flawed themes
Re: Fundamentally flawed themes
That and you should remember that people, such as competitors or people with personal grudges, can create alts and post false information or take information out of context to create dissent. I've heard many instances where people play dirty dirty games.

Also, the nature of the game creates easily forgotten memories, because new people are constantly coming in and old people are leaving. It's been quite hard to nail down SL finance history in one comprehensive place.




Jun 19th 2008, 08:55
Ashleigh Wade
General Investment Discussion » Fundamentally flawed themes
Re: Fundamentally flawed themes
Really great points Ivan. We do have to remember that it is just a game.

I also run into the same issues that Ivan has pointed out. In addition, I've noticed people also have a tendancy to spread themselves way too thin and take on more tasks than they have the time to manage. I am quite guilty of this. And it does cause stress and burnout. There are times that I fear logging on because I will get a barrage of what's going on with this project or that project. And frankly I recieve very little compensation aside from custom building projects.

I've noticed that pure play financial companies in SL seem to burn out very quickly. Does anyone else notice this? The steady businesses appear to be retail products, scripting, building, and land (altho not so much anymore).

Ivan also brings up a MAJOR point in succession. If a CEO tires, its a big undertaking to transfer everything over to another person. There are some successes, such as the transfer of FED from Ford to me (which will change back once hes back from Iraq). But in general once a CEO tires or feels too much pressure they just dissappear. That's really not fair to the others playing this game and we should address that as a community.

I think Ivan also asked elsewhere where does this "1000% growth in the SL economy" come from? I've asked myself the same question. This seems to be a hype figure that's thrown around SL and really doesn't make sense to me. We should be more realistic about where we are and where we are going.


Jun 24th 2008, 06:38
Ashleigh Wade
Capital Exchange Archive » Breaking news
Re: Breaking news
Ivan, how long did you stay? Because I was there with people a few hours thereafter. See 4 PM SLT is 7 PM eastern, which is in the middle of commute for all the NYC based MNM staff. Not sure about the rest, but I did speak each of them yesterday. It's because I spent the weekend filming and editing my commercial, which you can check out at www.wicksterproductions.com. It's my first stab at filming in SL. It was a fun something to put together, I had forgotten how fun it was to film.

Also, since you mentioned MBC and are pretty close to management, can you ask them to post financials since they haven't posted a single financial statement ever? It's been about four months (over a quarter if they decided to post quarterly) since they began IPO and I note they haven't followed their plans as outlined in the prospectus. So I am curious to see what's happening there. I hold about 6K shares in MBC and think they are great at what they do, but it would be nice to have some feedback as to how that's working for them.
Jun 24th 2008, 07:16
Ashleigh Wade
Capital Exchange Archive » Breaking news
Re: Breaking news
Figures :) - The website forwards to a you tube page, so that might be the block.

WicksterProductions is going to be a content provider for SL media and live audience. The aim will be to develop and produce shows for theatre, tv and film. I currently have a project under development co-produced with Warwick Cunningham and MNM, slated to begin filming in about two weeks (the idea is still being fleshed out). I also am working on a music video for a SL artist. Depending on how that goes we will start developing other material on a more rapid time frame. It's still a baby company (about a month old) and I'm still fairly new to the Machinima process, but it looks to be fun and promising.

I'll have to contact Robustus - you're right. It's long overdue anyway, I should have met him a while ago :)

Jul 7th 2008, 12:32
Ashleigh Wade
General Investment Discussion » Is it really a role playing game?
Re: Is it really a role playing game?
Wow - that's a lot folks.

All this RL and SL. RL is not so great either

Enron's 2000 annual report:
http://picker.uchicago.edu/Enron/EnronAnnualReport2000.pdf

Same thing - pics, strategy, numbers, contacts. Except we all know now that none of it was true. Same for Tyco, WorldCom, etal.

Even for the millions of RL companies that are viable...you have the contact info from a report but how far will that get you? Unless you are an institutional or private investor with LOADS of money you wouldn't get near their office. If you did, what would that accomplish? All C-Level will defend their company regardless circumstance (Lehman Brothers comes to mind). In SL I can go out, instantly get to, and speak with, Delicious and investigate in-world till I get tired. In RL, neither the IRS or any accounting firm are going to verify anything outside of what’s published in SEC filings. If the company is private there is no channel of verifying info. RL statements can be made up too. SEC might be a better route if public, but they are only going to conduct their own investigation and it will take A LOT for that to occur.

The difference…in RL there enforcement, accountability and the ability to sue to protect investor interest. In other words, the legal element is missing from SL. I feel that if we are going to move this world forward to create trust across the board we need to treat it as a "unique" environment based on RL framework with accommodations made for unique SL circumstances. The most challenging aspect of this will be putting something in place to accommodate the needs to protect shareholder rights.

So, I guess I fall on the side that this is "just a game". I understand that, and invest with that knowledge. I also feel that in this game one needs to play fair, and honor speaks volumes. I feel that shareholders do have rights, just like in RL. I seek to invest in companies with leaders who understand that as well.

How do I know Delicious is a great company? Well while other companies in SL folded, Delicious Designs has consistently delivered dividends (weekly at times too!) and strong results, with strong product lines that are known through out SL, lead by a great leader who has shown time and time again that she has what it takes to deserve the responsibility placed on her. For well over a year now. With no bad rumors about her or the company. She even took it from public to private with no problems. And the whole time – her interest was “what will happen with my shareholders”. I’ve watched her work for well over a year now with deep regret that I missed investing in DD :p

Speaking of a year, we also have to remember that we are about a year and a half into establishing the SL financial community (excluding Ginko!). Seems like five years ago now, but the point is that people clamor like we are an established community. In fact, we are just beginning to put everything together. All ideas are welcome and we need to come together to protect those who have no idea, but want to learn.

Ash
Jul 10th 2008, 09:37
Ashleigh Wade
General Investment Discussion » WSE Group Notice
Re: WSE Group Notice
Interesting.....If I recall the World Stock Exchange Watch was an independent group started about the time of WSE 2.0 that was designed to red flag any shady activity at WSE. Worked out well didn't it :/ In fact, I don't think I heard anything from this group or this guy for at least a year or more....guess he'll need to start a new group - SL Capex Watch.

The purpose of that notice was what? To try and start a bank run? Who needs CNBC when you got these folks lol. Has no one learned that panic in finance is akin to instant death?

I did notice that this guy has been mentioned a few times in the SLW forums, notably for something in JTF chat. My guess....this guy has no idea what he is talking about.

It's people like this who will bring down the system. They have no understanding of how banking/finance works and were so quick to pump cash into the system to get interest payments (greed!). LL implements a crippling ban that results in a "deal with it any way you can" fallout and now all the exsisting banks are generalized as scammers for dealing with it any way they could. What's crazy to me is that we all know that Arb could have packed up and left. But he chose to stick with it, try to make things right, and now he is being chastised for that decision by the same greedy ass people that were so quick to put in more than they could afford.
Jul 10th 2008, 12:27
Ashleigh Wade
General Investment Discussion » WSE Group Notice
Re: WSE Group Notice

Edited by moderator Jul 10th 2008, 12:41
By "whole" amount I think he means there isn't a 1:1 match of available cash vs. amounts in personal accounts. That idea is flawed because IPO cash, less fees, goes to the company not the exchange. The exchange isn't a bank, it's a trading platform. Your equity is in the indvidual company not the exchange itself (Unless you hold SLCX lol). At any rate, NO RL banks have a 1:1 match of deposits vs. accounts.

The other thing I think he is talking about is currency exchange trading limits. There's a cap on what you can bring in. That's easily adjusted by LL or SLX (or what ever currency system you use). Even if there are limits, no one has shown what was taken out by Arb. There's Juice Trading, but a LOT of his purchases (SLR, Land) have been in-world.

The last thing to remember is that the JTF bank obligation represents what was deposited PLUS interest accrued up to the banking ban. It's faulty to generalize and say that he took the whole amount out of SL. In reality the obligation is not what was fully deposited in JTF, only a portion of is.

Could you imagine if people required the NYSE to hold cash equivalent to the amounts people had invested in the companies listed? That would mean they need to have about $15 Trillion USD on hand.
http://www.answers.com/topic/new-york-stock-exchange-economics?cat=biz-fin
Jul 10th 2008, 14:16
Ashleigh Wade
General Investment Discussion » WSE Group Notice
Re: WSE Group Notice

Edited by moderator Jul 10th 2008, 14:24
Thanks Sportsbets. I still have a lot to learn too.

I think you did well selling at L$8. FED isn't really worth a L$25 valuation, although I do thank the market for the premium vote of confidence. I primarily attribute the high valuation to a small share float (only 500K ouside of Ford) coupled with a great bunch of large shareholders (top 5 representing almost 80% of total float) who hold dear to the stock. Ford and I have been discussing ways to rectify this because I feel it's unfair for people to buy at what I feel is a clear overvaluation. However I doubt any serious moves will be made until he is back from Iraq, estimated Feb 2009.

FED does have a great novelty product line and Double Team is beginning to pick up. It's a fun game to play while you chat and is akin to Monopoly. We traditionally see consistent monthly revenue of about L$10-20K and our expenses are basically nil (save for a huge SLX feature push Ford did on SLX this month - he controls that account and accesses it from overseas). All this translates into a dividend practice of about L$.01 monthly to keep us consistent. I like to be as conservative as possible with others money and don't want to make any drastic moves.

Once Ford is back he will take over the reins again and begin new product development. Until then I am basically treading water and watching shop :)

I do have to laugh tho, the other day the FED price topped at L$1000/share, giving us a ridiculous market cap of approx L$977,000,000! The evil in me wanted to start making takeover offers for all SL publicly listed companies Mwah-ahaha-ahaa-aha. J/K - basically I see FED as a fair value at L$1.00-L$1.20. NAV including intagibles (unique products and scripting) is about L$.90 if i remember correctly.
Jul 10th 2008, 15:46
Ashleigh Wade
General Investment Discussion » WSE Group Notice
Re: WSE Group Notice
Well I think the portion of the terms you quote are intended for a different use, perhaps for the currency exchange that was once a part of SLCX....I would have to see the context.

However, I think it's Arbs intention to make others as whole as possible. The problem is that there are day traders that get involved and that others need thier cash to continue operations and are willing to get out at any cost. That's why it was a bad idea to put more than you could afford into JTF.

The fumble with SLW in my mind was an overly optimistic forecast of revenue, lag on project time lines, and a failure to publish a reliable buy back schedule. I do also recall a gaurantee of a 1.03/per share minimum. Bo, can you elaborate?
Jul 11th 2008, 09:17
Ashleigh Wade
General Investment Discussion » WSE Group Notice
Re: WSE Group Notice
There's no volume anywhere Ivan. Outside of the SLW buys over the last few days the volume on ACE and SLCAPEX are becoming pretty comparable.

Let's look at a snapshot of volume right now -

Three hours after trading open July 11(opens 9AM Eastern):
ACE L$4,080.45 - 9,128 shares
SL CAPEX L$3.40 - 5 Shares

Trailing 24hrs:
ISE - L$5,590 - 3,457 shares
VSTEX - L$8,690.62 - 24,658

Not much of a market there. Also, you have to consider other's investment objectives. Volume doesn't matter that much to me. Equity, parnerships and business relationships do. Dividends really matter to others I've noticed. I rarely look sell my shares. In the event that I needed to shift or sale my shares I would most likely try and arrange a block sale privately and work it out with the exchange on how best to accomplish the transaction. It depends on the individual company as well. Some companies more than others have people looking to buy at any cost. That would be the nature of this emotional, rather than logical, market.

Someone, Monmakr Allen i think, use to refer to the lack of liquidity as making this market lobster trap (you can get in but you can't get out).

I guess it really boils down to what you want to get out of the market. The exchanges should look to facilitate all traders and thier objectives.
Jul 11th 2008, 09:25
Ashleigh Wade
General Investment Discussion » WSE Group Notice
Re: WSE Group Notice
It's also summertime and that affects everything. Business slows to a crawl and people go out more. I've noticed that my office business ebbs and flows on that pattern. I have more tenants and business during September and January than I know what to do with and they usually start to disappear around June with no real activity through September.

And then there's too much SL land....bad RL economies....the hits just keep coming it seems.
Jul 11th 2008, 09:32
Ashleigh Wade
General Investment Discussion » WSE Group Notice
Re: WSE Group Notice
I'm not sure why they did the conversion SynCere. My guess is they did it to get the total JTF obligation off the books and into one consolidated place. It also gave others a tangible solution to cash out if needed, as opposed to sitting and looking at a balance. I also suspect they felt that SLW would perform better and be a lot farther along in development than it has been.

I totally agree that this could have been handled better. I suspect that in hindsight the JTF folks might agree. But remember at the time LL issued the ban there was a crazy tight time frame (2 weeks?) for all banks to come up with a repyment solution and implement it. It was poorly planned from LL down.
Jul 11th 2008, 11:28
Ashleigh Wade
General Investment Discussion » WSE Group Notice
Re: WSE Group Notice

Edited by moderator Jul 11th 2008, 11:34
iV - Don't foget BCX bank.

Ivan - So true, very true. And it's a damn shame that things have turned out this way because this could be an excellent way for people to learn about investing and create a vibrant community.

Sports - HAHAHAHA! I vote we should create a commodities market lol. We can trade prim dirivatives ;)

RE:MNM...I like you have noticed that the website has just died. I've said something about that. There have been couple of updated newscasts on the TV since May. Just this last weekend I noticed that Jaison has a yearly recap of past news clips in a news magazine type format. They've also got a few new artists in the content section as well. I noticed it when I was out filming at Synergy Island. But the content is not nearly the level I expected or we were promised. Some of that I think was out of thier hands and some of that was just horrible foresight anticipating what it would take to maintain everything (its hard to constatly update websites, maintain and develop streaming content, manage an island and deal with RL jobs). They lost a lot of the team too. Not unlike other SL companies ala XXX, the defunct LNL, VBS, etc. It's very hard to attract and maintain talent in SL. I do know that they are re-organizing the news department and working on bringing in new team.
Jul 11th 2008, 12:08
Ashleigh Wade
General Investment Discussion » WSE Group Notice
Re: WSE Group Notice
Not a bad idea to look for them to combine. It would make much more sense. However, i think that would be like asking all the exchanges to work together.

I think you can view SLN on the SL Tronics TV as well as MNM. Thats the one with snail races right? I saw it the other day. Dig around on the menus.

I like the free rice!

I got up to 1060 grains donated before I had to quit.
Jul 11th 2008, 12:41
Ashleigh Wade
General Investment Discussion » WSE Group Notice
Re: WSE Group Notice

Edited by moderator Jul 11th 2008, 12:56
iVentures said:

"What the investors have to realize is that this is SL environment and it should be known to be 100% risky. Any deposited amounts, assume you will not get it back. If one day LL shuts down, depositors lose and they are not liable."

I have to partially disagree with this iVentures. It is 100% risky, but me the correct way to deal with a LL shutdown of exchanges would be for the companies to honor thier shareholders. For instance, at FED the backup plan for an LL shutdown is to take available cash and buy up shares from the bottom of the list up. Those shares are then eliminated from float and the remainder of the shareholders (namely the top 5) will become partners in the business. In other words, we go private. I have also spoken with Zaldar and ZEN would basically approach with the same method. I would hope that all listed companies have contengincy plans like this in place.
Jul 16th 2008, 11:07
Ashleigh Wade
Tnw Designs and Real Estate » TNW East and West
TNW East and West
I didn't have any shares of TNW, but I came across this today and thought the shareholders might find it interesting.

http://www.slexchange.com/modules.php?name=Forums&file=viewtopic&p=262985#262985

Looks like there is some activity on the TNW islands.
Jul 21st 2008, 11:48
Ashleigh Wade
Investments and Ideas » New company - thinking on IPO
Re: New company - thinking on IPO
A few thoughts on this -

I read over the IHI prospectus and I'm not sure if there is a translation issue there? Can someone point out to me where it says they are going to invest in RL securities? The way I read it the intention is to invest capital in RL internet projects ala Arb and Juice Trading.

I'm wondering if something along OIG's lines couldn't be considered an investment club type activity (pooled capital for higher return purposes). I am not versed in securities laws and my inkling is to just stay away from something like it altogether, but with the myriad of jurisdictions and laws that could apply here it can become confusing very quickly. Is someone here versed in Brazilian securities law? Maybe they can shed light?

I would like to agree with Legolas and Marc 100%. Core product companies are sorely needed. Financial companies are easy to build. Real products are not.

The neglect in ACE terms should be brought to thier attention. I know the ACE board had meetings this week to address and implement new controls (i.e. fianancial report timeframes and requirements). I'm sure each exchange has rules and regulations they've published that have slipped through the cracks or have been adjusted and not updated or enforced. We as a community should point out this issues and address them accordingly. btw - the listing requirements for ACE are listed in the About Us section.
Jul 21st 2008, 12:39
Ashleigh Wade
Investments and Ideas » New company - thinking on IPO
Re: New company - thinking on IPO
I would have to say VSTEX is the strongest at publishing and revising policies and practices. Most importantly they PUBLISH any updates that are made. I noticed that on the website the other day and wanted to comment on that :)

Ash
Jul 24th 2008, 09:26
Ashleigh Wade
General Investment Discussion » Breaking News from Zeus Argus - WSE-Watch-Group
Re: Breaking News from Zeus Argus - WSE-Watch&#4
So I'm wondering - if Zeus has so much to invest A) why isn't he doing it (haven't noticed him in any top ten and you would think that he would at least be on one if he was really interested in investing in SL), B) why he doesn't have any companies that we know of (20K can buy a lot of marketing!), C) how is it he is in a closed meeting with WSE and WSE CEOs, and D) why does he feel the need to trumpet that he has money? And what's with the caps?

As Eliale pointed out it's quite simple to get company information from websites and local registrars...

The last thing I think is SO funny is that he thinks Luke would give up any control. Unless he would be purely silent and uninvolved, which judging by his recent annoucements isn't going to happen, Luke would have nothing to do with him.

Weird....
Jul 24th 2008, 09:32
Ashleigh Wade
General Investment Discussion » Breaking News from Zeus Argus - WSE-Watch-Group
Re: Breaking News from Zeus Argus - WSE-Watch&#4
And who doesn't know Luke Connell is the RL info and the friggen phone numbers are Capital Website!

http://www.hopecapital.com.au/contact.htm

Double Wierd
Jul 24th 2008, 11:35
Ashleigh Wade
Capital Exchange Archive »
Congratulations!

Edited by moderator Jul 24th 2008, 11:36
Hi folks,

today I announced TT official opening and in case you missed, it will happen July 31 2008 starting at 5PM. All staff will be there, singers, DJ's, dancers, etc...

Great week overall. The revenue is improving, staff is very motivated and for the first time I decided to give a try on the idea of enabling people to come to our sim and get paid for it... To summarize, IT WAS A BLAST... paid from my own resources but seeing that sim with 80, yes 80!!! people chatting and roamming around, shopping and all, was priceless. Some of our current vendors came to see for themselves and were very happy with our gesture, some of the vendors retributed by generously tipping the staff. As a matter of fact this practice will continue, albeit sporadically. The main concern at the moment has more to do with the impact of the number of people and the performance of the sim...between real people and bots, some tests that we did during the past week showed us that we can fill that sim with 100 avi's, but it was very difficult to have any fun for the time they were in the sim. 80 people is ok and right now we're set at 50.

The next stage of the Project Renaissance is to develop skyboxes and rent them. This initiative is open to partnership...

The nomination process for the BoD is in its due course and the time for this process will end July 31 as announced.

The store rent drive is still in full swing, we sent our people scouring the grid for potential renters, some of them banned from some sims...lol, I guess it's part of the job isn't? ---The call is still out--If we can rent 75% of our stores and carts within 15 days it will be a major boost and for that to happen I’m calling on every single shareholder to flex their networking muscles and bring folks to rent…

To The Top

Huff Huldschinsky
Tropical Temptations Resort CEO

"Tropical Temptations aims to become a hallmark in the adult entertainment industry in SL. We will achieve this goal by offering to the public in general sensually oriented venues and services that enlace real estate, entertainment, commerce and investment opportunities, as well as supporting cultural integration & inclusiveness."

-------------------------------------------------------
This is good news indeed. Congratulations to all involved and the best wishes going forward!

Ash
Aug 8th 2008, 09:35
Ashleigh Wade
General Investment Discussion » MNM
WicksterCorp to cease relationship with MetaNetwork Media, pending outcome of fr
WicksterCorp to cease relationship with MetaNetwork Media, pending outcome of fraud investigation.

FOR IMMEDIATE RELEASE
(Nolan 140, 166, 32) – August 8, 2008
------------------------------------------------------------

Given the speculation surrounding MetaNetwork Media (MNM), WicksterCorp wishes to clarify its position and provide details of its business relationship with MNM.

WicksterCorp is a privately owned, diversified conglomerate operating in Linden Lab’s Second Life. WicksterCorp currently has three operating entities, Wickster.Capital, WicksterProductions and Wickster.WorldWide. All entities have exposure to MetaNetwork Media.

Wickster.WorldWide provided office solution services to MetaNetwork Media in multiple capacities. First, W.W built a custom skyscraper, the home of SL Tronics Media. W.W also built a night club for a RL/SL MNM client, Cak’z Oasis. W.W was paid for these services. W.W also provided office leasing services and odd job build requests for MNM. These projects were currently in negotiation and were bogged down due to disagreement of leasing terms. W.W took the position that the terms MNM wanted from their leases were not in line with standard SL practice. As a result, The Shops at MNM, although marketed, were never filled.

WicksterProductions is currently working with MX Media, another privately held entity, on an exciting new show, “The Jetsetters”. Production is underway and the promo trailer will be released within the next two weeks. WicksterProductions and MX Media were in the process of finalizing and negotiating the budget and release terms with MNM. Negotiations had been put on hold due to the RL move of WP CEO Ashleigh Wade.

Wickster.Capital holds 135,005 shares of MetaNetwork Media and has held a maximum 178,111. Shares were sold recently (7/17/08) to boost W.C holdings of Zhenya Zoning Real Estate (ZEN). Of the remaining shares, 25,000 of the MNM shares were purchased in the private offering, and the balance of shares were purchased either at IPO or open market.

WicksterCorp also holds a tract of land on Synergy Island. Tier bills for this tract of land were paid in full each month to MNM and current through July 2008.

It is WicksterCorp’s intention to cooperate fully with any parties investigating MNM’s alleged fraud. Until such time that either fraud is proven or MNM is cleared, WicksterCorp is fully discontinuing any association with MetaNetwork Media. WicksterCorp will maintain a working relationship with Arianna Barbarossa, who is a key executive in the development of “The Jetsetters”. Ms. Barbarossa is also the CEO at Momentis Communications, which handles handling WicksterCorp Publicity and Marketing.

Needless to say, WicksterCorp is extremely disappointed with the recent turn of events, given that we offered on many occasions to step in, defend and save MNM management’s operations with solutions, and hard, time occupying work. We hope that the primary parties involved, namely Cadence and Jaison, will step to the forefront, clear any allegations, own up to and solve the mess that has been created.

Please direct any questions to Ashleigh Wade.
------------------------------------------------------------
More information regarding WicksterCorp, please check out:
http://www.wickstercorp.com
Aug 8th 2008, 09:36
Ashleigh Wade
Capital Exchange Archive » WicksterCorp to cease relationship with MetaNetwork Media, pending outcome of fr
WicksterCorp to cease relationship with MetaNetwork Media, pending outcome of fr
WicksterCorp to cease relationship with MetaNetwork Media, pending outcome of fraud investigation.

FOR IMMEDIATE RELEASE
(Nolan 140, 166, 32) – August 8, 2008
------------------------------------------------------------

Given the speculation surrounding MetaNetwork Media (MNM), WicksterCorp wishes to clarify its position and provide details of its business relationship with MNM.

WicksterCorp is a privately owned, diversified conglomerate operating in Linden Lab’s Second Life. WicksterCorp currently has three operating entities, Wickster.Capital, WicksterProductions and Wickster.WorldWide. All entities have exposure to MetaNetwork Media.

Wickster.WorldWide provided office solution services to MetaNetwork Media in multiple capacities. First, W.W built a custom skyscraper, the home of SL Tronics Media. W.W also built a night club for a RL/SL MNM client, Cak’z Oasis. W.W was paid for these services. W.W also provided office leasing services and odd job build requests for MNM. These projects were currently in negotiation and were bogged down due to disagreement of leasing terms. W.W took the position that the terms MNM wanted from their leases were not in line with standard SL practice. As a result, The Shops at MNM, although marketed, were never filled.

WicksterProductions is currently working with MX Media, another privately held entity, on an exciting new show, “The Jetsetters”. Production is underway and the promo trailer will be released within the next two weeks. WicksterProductions and MX Media were in the process of finalizing and negotiating the budget and release terms with MNM. Negotiations had been put on hold due to the RL move of WP CEO Ashleigh Wade.

Wickster.Capital holds 135,005 shares of MetaNetwork Media and has held a maximum 178,111. Shares were sold recently (7/17/08) to boost W.C holdings of Zhenya Zoning Real Estate (ZEN). Of the remaining shares, 25,000 of the MNM shares were purchased in the private offering, and the balance of shares were purchased either at IPO or open market.

WicksterCorp also holds a tract of land on Synergy Island. Tier bills for this tract of land were paid in full each month to MNM and current through July 2008.

It is WicksterCorp’s intention to cooperate fully with any parties investigating MNM’s alleged fraud. Until such time that either fraud is proven or MNM is cleared, WicksterCorp is fully discontinuing any association with MetaNetwork Media. WicksterCorp will maintain a working relationship with Arianna Barbarossa, who is a key executive in the development of “The Jetsetters”. Ms. Barbarossa is also the CEO at Momentis Communications, which handles handling WicksterCorp Publicity and Marketing.

Needless to say, WicksterCorp is extremely disappointed with the recent turn of events, given that we offered on many occasions to step in, defend and save MNM management’s operations with solutions, and hard, time occupying work. We hope that the primary parties involved, namely Cadence and Jaison, will step to the forefront, clear any allegations, own up to and solve the mess that has been created.

Please direct any questions to Ashleigh Wade.
------------------------------------------------------------
More information regarding WicksterCorp, please check out:
http://www.wickstercorp.com
Aug 8th 2008, 10:20
Ashleigh Wade
General Investment Discussion » general : OP/Ed and Commentary re; WSE - World Stock Exchange
Re: OP/Ed and Commentary re; WSE - World Stock Exchange
Just for the record - my account has also been frozen/siezed/stolen, although we expected that when we delisted FED from WSE. Luckily I had slowly sold off my portfolio there (I was always scared that he was going to seize it), but I still lost 10s of thousands of Lindens.
Aug 8th 2008, 13:06
Ashleigh Wade
Capital Exchange Archive » MNM Virtual Share Holder Conference Call - MONDAY 8/11/08
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08

Edited by moderator Aug 8th 2008, 13:28
Hi S,

You are right. It should be simple.

First some needed clarification. Land was not what was to be rented here. Sims are different. We are talking 3 retail spaces and 2 offices. This is something you can go to any mall or build (of the tens of thousands in SL); and pay a box to rent.

In all fairness, Jason to my knowledge was not involved. Perhaps if I had gone to him first we might have gotten it resolved. This was a project I was working on with Cadence and legal. If J & C indeed are the same person then I wish a lot more of the desicions could have been made quickly. In all honesty this SL reporting to RL tier of management for every answer sucks. The structure is too bureacratic. I feel this is what allows the competition to move so much quicker than MNM. Also, there is a misperception of what MNM thinks it is vs. what the investors and public think.

The disconnects were:

Pricing - MNM will not fill the spaces at the rate they want.

Lease Length - MNM will not consider a short term lease. They required a very long term lease with a formal signed agreement. For a shop.

Deposit - MNM wants to require a one to two month deposit on any lease. I outright reject the idea of a deposit in SL.

RL Information - They require a pre-screen of all potential applicants and disclosure of RL info. I can see this as beneficial, however in most SL cases the notecard spells out what the tenant can/can't do. If violated, then ejection occurs.

Shortly after we had a first round of discussion the sessions were dropped due to other pressing MNM projects. I was also trying to think of a way to change the MNM mentality that "people want to be at MNM so these terms are acceptable". In reality I was hearing the opposite. No one wanted anything to do with MNM.

In all fairness terms might still be reached that are acceptable. The problem that I saw and tried to communicate is that in SL malls are really more traffic generators rather than profit centers. When I proposed the idea to Cadence it was my intention to have them seed the spaces at a low rent to get bodies moving in Synergy.

I have been in the rental business for over a year in SL and I've never seen it more complicated than pay a box and get a notecard for terms of use. What they were proposing was too burdensome for something that should be as simple as pay and go. This is really true when you have a mall with no traffic. There was no way I could get someone in a mall like that.

I hope this clears up your confusion. I will leave it at that. In actuality I could have pressed it more for answers. However, I have a myriad of SL/RL obligations (as we all do, remember that) and time slips by quickly. The shops were promoted with vendors and mentions. Traffic on Synergy Island is an issue.
Aug 8th 2008, 13:34
Ashleigh Wade
Capital Exchange Archive » MNM Virtual Share Holder Conference Call - MONDAY 8/11/08
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08
SCOTT! For some reason I thought you lived in SF? I work in Chelsea and live in Queens too (Astoria). If you can work something out I would like to attend. I am crazy busy on the weekdays but could manage lunch, brunch, dinner or day meeting on the weekends. Let me know....
Aug 8th 2008, 13:43
Ashleigh Wade
Capital Exchange Archive » MNM Virtual Share Holder Conference Call - MONDAY 8/11/08
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08
Sounds good. I am leaving work now and I'll email you this weekend.
Aug 8th 2008, 14:14
Ashleigh Wade
General Investment Discussion » MNM
Re: MNM
I don't either Sportsbet. I don't think it's intentional, but then again I have a tendancy to be too trusting at times. I CAN tell you that if it is intentional, it's the worst kind of scam I've seen in SL.

In my mind this is a business that had good intentions, but too many chiefs and not enough indians. There has been a huge exit of talent from MNM. There are also a lot of factors we don't know. I do note everytime they've been called to the table they've responded. The problem is that they keep having to be called to the table.

The fact of the matter is now the cat's out of the bag. It's put up or shut up time for MNM management. I don't think that anyone here wants to see something horrible happen. But the management has to clear up the outstanding issues before we can move forward.
Aug 11th 2008, 18:12
Ashleigh Wade
General Investment Discussion » BO BECK IS MY METASTAR OF THE WEEK!
BO BECK IS MY METASTAR OF THE WEEK!
Great job today in the MNM conference call. I appreciate your level-headed handing.
Aug 12th 2008, 08:03
Ashleigh Wade
Capital Exchange Archive » MNM Virtual Share Holder Conference Call - MONDAY 8/11/08
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08
Haha Kaffe your one hell of a hard charger. You asked the tough questions. Love it.

Bo - thank you for handling the call in such a professional manner last night. I think you made Jamar painfully aware of the consequences of neglect and deceit.

Unfortunately, I have to channel my inner Sophia. Honey you were right and I completely missed the mark on this. I owe you an apology.

Needless to say, I was not impressed with the call last night.

Cadence –

I think its obvious what's going on with Cadence. I think it's horrible that so many clients, partners and employees were made to go through the ringer to get answers/resolutions when it could have just been a simple thing. Jamar RL/Cadence SL. There was no need for Jaison Spad. Cadence had been in the community long enough to know that deception of character is the NUMBER ONE cause of mistrust. She was around for the Investor Allen debacle. This is not a new concept. This situation needs to be cleared up ASAP. I do commend Jamar for attempting to make things right. I don’t think any of his actions were done with a malice or intention to de-fraud.

IPO reversal -

I can't help but think it's going to be a mess to sort through.

Committee -

My understanding is that the committee is formed to deal with taking MNM SL from public to private. Its MNM SL's intention to continue in SL as a private business. The committee is charged with finding the cleanest way to execute a IPO reversal plan.

Verification of ability to pay -

It must be determined by committee that Jamar can actually fund a buy back with a decent time frame. This means verification of assets/income. Given all that has gone on, I don't think it is too extreme to ask for a letter of verification of employment. This is a standard letter that can be obtained from HR at his job. People do it to get apartments all the time.

In the event that it's determined that Jamar can not fund a IPO reversal, the committee should determine who holds what assets (ala linden, stock, website, content stream, etc.). The committee should be prepared to seize said assets in the name of the MNM shareholders without infringing on MNM RL and it's respective rights. In the midst of all this craziness there is a decent SL content platform out there and that could be very valuable to investors, and it was paid for by them.

The veil of the NDA -

Hahahaha! NDA NDA NDA NDA. I thought that the NDA only covered patent pending info and behind the scenes RL back office stuff. That's understandable.

What I didn't know is that it apparently covers the business and disclosing whether there are actually current clients. This is what I think Kaffe was saying last night. Either MNM RL is in business or it's not. Either MNM RL has clients and revenue or it doesn't. I'm not sure what is such a big deal here? NAME SOME CLIENTS. From my time working with MNM, I remember Wheat Bread, WJAM 100(?), Castlebreck. Are they still clients? Why can't you speak to that?

If the RL business is real and vibrant then share it. You might catch more business that way. This is like opening a store, closing the doors to the people who paid for it, and saying "I am not at liberty to discuss why the store is closed, but I can tell you it's great inside and making lots of money." NDA's cover competetive advantage. NDA's do not cover whether operations are viable and if there are clients.

More importantly, how do you address potential RL clients with all this NDA crap? I'm curious to see the sales pitch..."I can make your business shine in MetaWorld, but I can't tell you how” Why couldn’t you have disclosed to us what you pitch to the RL clients of MNM? What’s so super secret with that?

Going forward –

Frankly, from my vantage point I'm not sure how MNM can continue the way it is. No one has a clue about the RL side and the SL side for the most part is dead. I once championed this company because I saw a great potential for a cross media platform of rich RL/SL/Meta content and marketing potential. I defended the management and was consistently lied to and with a steady gloss over about what was really going on. I tried to help MNM operations as other employees fled, neglecting my own business at times to get things done for MNM. I don’t think I can continue to do business with current MNM management. Best of luck to you Jamar.

Ash
Aug 12th 2008, 09:59
Ashleigh Wade
Capital Exchange Archive » MNM Virtual Share Holder Conference Call - MONDAY 8/11/08
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08
I did see the linked in profile and note that it ends employment on Feb 2008. Which is why I think verification of employment is needed. I do know consultants can work for themselves, but I feel something tangible is needed to prove that Jamar has income to substantiate buybacks. Living in New York City is expensive. 20K USD is a lot of money to pay back.

I don't think that people are going to accept "MNM RL's business that's doing quite well but I can't tell you what it does" as proof of income.

I don't want to go overboard here. I know Jamar wants to do right and I think we as humans and colleagues should allow for that. However, we as a community can't continue to live with these blowups that are disruptive to business and a pock mark on our collective reputation.
Aug 18th 2008, 13:52
Ashleigh Wade
General Investment Discussion » When is a Game Only a Game?: The Taxation of Virtual Worlds
Re: When is a Game Only a Game?: The Taxation of Virtual Worlds
Where are you all getting your US Salary data from? These numbers are off. I work for a company with 700 employees across the US and less than 50 of them make $30K USD or less per year. However, we are concentrated in Metropolitan areas and I do have to say that living in metro areas does bring that figure up.

I would place a average household income at $40-50K in the US. Because of the way most US income taxes are paid (i.e. joint filing) I would argue that the better way to measure US income is by household.

Actually here:
http://en.wikipedia.org/wiki/Household_income_in_the_United_States

BTW, regarding taxes, you must also remember there is a local layer that added to the mess. For example, in New York City I pay 6 taxes - Federal Income, Social Security, Medicare, NY State Income, NY City Income, and NY SUI/SDI Taxes. These all are deducted out of my check. It's also part of the reason (aside from hyper competitive pay) why people in NYC/metro areas make more on average. Some states, like Texas, dont have state income taxes, but they have higher property taxes. The bag is way too mixed to place a general blanket statement on it.
Aug 18th 2008, 14:00
Ashleigh Wade
General Investment Discussion » When is a Game Only a Game?: The Taxation of Virtual Worlds
Re: When is a Game Only a Game?: The Taxation of Virtual Worlds
Ironfist says -

"The sad thing is that you already live in virtual world based on a virtual economy and dont even have the wits to realise it or have the courage to addmit that. How long is AmeriCa going to last under these conditions ?

So Silverblade could you give me an estimate on the value of USA Inc. Looks to us over here it has great potential, but you would understand we would have to insist on a change of management LOL."

- I agree Ironfist. And change of management is hopefully on it's way. These conditions MUST be changed.

Remember though, the simple fact remains that we are in a heavily intertwined GLOBAL economy. A failure of one cog in the machine is sure to have a huge impact on the machine itself. We must all work together.
Aug 18th 2008, 14:05
Ashleigh Wade
General Investment Discussion » When is a Game Only a Game?: The Taxation of Virtual Worlds
Re: When is a Game Only a Game?: The Taxation of Virtual Worlds

Edited by moderator Aug 18th 2008, 14:11
My final thought on taxation of virtual worlds. Perhaps I'm alone, but I actually make less money than I put into this damn place (I love new toys and ventures so I'm constantly putting more in!). I'm not going to be taxed anything. So there. More goes in than comes out ($0). I guess I just like to spend my virtual earnings plus in-world. I don't feel that I make enough to justify taking it back out. I'd rather spend it investing back into the SL economy.

Just curious, would I be allowed to deduct my losses from Ginko, Allenvest, etal in this tax scheme?
Aug 22nd 2008, 06:23
Ashleigh Wade
Capital Exchange Archive » NOTICE OF DEFAULT ISSUED - Metanetwork Media (MNM) - 08/21/2008
Re: NOTICE OF DEFAULT ISSUED - Metanetwork Media (MNM&am
Why does he hide behind laywers? Strange...

Legal representation is not cheap. Very curious as to where all this money is coming from....Let me get this right. Jamar doesn't have the time to work with the committee he formed, formulate a buy back plan or work on correcting the issue at hand. However, he does have time to locate, contact, probably meet with and retain an expensive attorney whose fees will probably meet or exceed the amount that was given in the first place? Something is not sitting right here. The whole thing is a little off.
Aug 22nd 2008, 06:57
Ashleigh Wade
Capital Exchange Archive » NOTICE OF DEFAULT ISSUED - Metanetwork Media (MNM) - 08/21/2008
Re: NOTICE OF DEFAULT ISSUED - Metanetwork Media (MNM&am
The firm is on Park Ave South. It is Park Avenue, but not what you think of when you think "Park Avenue". In short, Park Avenue is north of Grand Central Terminal and has some of the swankiest, most expensive real estate in the city. Park Avenue South is south of Grand Central Terminal and, while not cheap by any means, isn't the image you would think of when you think "Park Avenue".

I believe the firm is real. Jamar apparently couldn't adequately control parcel settings let alone construct a website.

I believe that Bo has contacted the law firm. What I find strange is that the firm hasn't contacted Bo. Usually when one retains a firm to represent them in matters the firm will issue correspondence to appropriate parties announcing that fact. I wonder if this isn't another premature annoucement?
Aug 22nd 2008, 08:38
Ashleigh Wade
Capital Exchange Archive » NOTICE OF DEFAULT ISSUED - Metanetwork Media (MNM) - 08/21/2008
Re: NOTICE OF DEFAULT ISSUED - Metanetwork Media (MNM&am
Interesting....So I guess it's time to lawyer up. Well it is a pretty serious allegation....misrepresentation with intent to defraud. I guess all our statements about working together to resolve this fell on deaf ears.

Who is Cadence Juran? Is she Tiffany Alexander or Jamar Freeze? Why is this such a hard question to answer? What was the logic in creating such a convoluted structure to run a business? It doesn't bother me if a male has a female avatar...many people do...but why be so discreet and hide it from your partners and employees? Business could have flowed much more smoothly.

Rather sad, instead of working with the community to try and resolve this, the path that chosen was to institute another layer of separation and difficulty. Given the situation I guess it was in order. Too bad though, that money could have gone to help resolve everything. I will be interested in hearing what the firm has to say.
Sep 5th 2008, 06:26
Ashleigh Wade
Capital Exchange Archive » Hello? What's the end game here? Anyone? Hello?
Hello? What's the end game here? Anyone? Hello?
I've been thinking about this and I'm not sure what the ultimate goal is here. A statement from the attorneys representing MNM (or perhaps MNM itself!) would be nice....

So we know this:

Jamar Freeze either is or isn't Cadence as well as Jaison Spad. A promised forthcoming announcement regarding this never materialized. I'm not surprised. It really doesn't matter to me who is who, outside of the fact that IF Jamar was indeed both there were some serious misrepresentations going on that, in my opinion, stagnated the company by creating an unnecessary SL/RL bureaucracy.

Jamar stated on a call full of witnesses that he wanted to reverse IPO and allow MNM to go its own course. This was agreeable. Even a buy back was somewhat agreeable in my opinion. However, no further information has been forthcoming and I'm assuming that Jamar now has no intention of following through on this plan. Is this the case?

There has been no communication to the public from MNM or anyone representing MNM. I'm not sure that the attorneys understand that MNM is a SL public company, and as such, the CEO has a fiduciary duty and responsibility to the shareholders (if not lawfully then at least ethically!). Further, I hope that the attorneys understand that serious money was taken from the SL community to start a company. You would think some sort of public announcement would be in order. Either screw you, we are working on it, or we are going to make this right. Something.

It's now been over almost a MONTH since the conference call, and the only communication to the public had been via third party accounts of interaction with the attorneys. NO statement has been made by MNM management or its representatives. I would think that by now MNM would realize, and advise the attorneys, that no communication leads to wild speculation. Why not nip this in the bud?

What’s the end game here and why is there no communication? If MNM is such a savvy media company why is there no statement? Why has there been no statement from the attorneys stating their position on the matter or that they’ve been retained? We all know how we feel, but there is just a black hole of disappearance on the other end. What’s going on?

Cadence Juran was a public figure (and Jaison to some extent as well). Everything she did and all her actions were meant to thrust her into the spotlight. She fought to be an SL celebrity. Somehow she couldn’t live with the flip side of the coin and criticism that celebrity brought. I’m not sure what the basis of the “slander” suit is or who it’s aimed at, but just keep that in mind (as I am sure you all have).

Has anyone heard anything?
Sep 5th 2008, 08:22
Ashleigh Wade
Capital Exchange Archive » Hello? What's the end game here? Anyone? Hello?
Re: Hello? What's the end game here? Anyone? Hello?
Thanks Scott. I'm glad to know that someone is in touch...BTW congrats on the exchange purchase. It should open an exciting new chapter for SL Capex.
Sep 10th 2008, 10:09
Ashleigh Wade
General Investment Discussion » SLCapex - Name Change
Re: SLCapex Name Change

Edited by moderator Sep 10th 2008, 10:19
It's my understanding of the branding policy that those who use two or more generic nouns after "SL" are allowed to retain their names. SL Capital Exchange would not be required to change their name (although Capital really isn't a generic noun tho...hmmm...tricky as usual). Now SL Reports, that may be up for review.....

Here's the page we referred to when we rebranded SLRealtor.com:
http://secondlife.com/corporate/brand/trademark/sl_insl.php
Sep 10th 2008, 14:13
Ashleigh Wade
General Investment Discussion » SLCapex - Name Change
Re: SLCapex - Name Change

Edited by moderator Sep 10th 2008, 14:18
Wouldn't "capital" be an adjective when used in the context of "capital exchange", with capital describing the type of exchange? http://dictionary.reference.com/browse/capital

I really don't think there is anything to worry about, but you might consider Syncere's thoughts on passing it by LL. There is always that school of thought about letting sleeping dogs lie though...You might also consider a rebrand because it could do some good for the ole image....a fresh start with the new owners.
Sep 12th 2008, 07:33
Ashleigh Wade
Capital Exchange Archive » One hell of a long vacation....
One hell of a long vacation....
Summer's over and NYC is back from vacay....Any word from the law firm or MNM RL? You would think that some billable hours are in order. It's been over a month now since our conference call. Update would be nice...
Sep 12th 2008, 09:13
Ashleigh Wade
Capital Exchange Archive » One hell of a long vacation....
Re: One hell of a long vacation....
Cool Bo, thx. I figured you guys were on top of things. It just would be nice to have a response from MNM. Haha I guess that's a bit much to hope for.

I LOVE ME SOME dd ;)

Hope everyone has a great weekend.
Sep 12th 2008, 12:01
Ashleigh Wade
General Investment Discussion » Potential trouble in Central Grid?
Potential trouble in Central Grid?
http://slnn.com/index.php?SCREEN=article&about=legal-issues-central-grid&page=1

I just came across this article and thought some might find it interesting...
Sep 18th 2008, 20:11
Ashleigh Wade
Zhenya Zoning Real Estate Co. » To all investors and tenants of ZEN
To all investors and tenants of ZEN
To all investors and tenants of ZEN:

I want to acknowledge the halt in trading and advise that we are currently working with Zaldar to complete the financials. Among other reasons, the delay has been caused due to the crash of Z’s laptop, and the fact that his access to email is now limited to his university’s computer lab. During his limited access Arnaud Villota, Annabis Moody, Gabrielle Maktoum, Strider Messmer, and I are working on the estate and maintaining day-to-day operations.

Financials will be completed ASAP. Bear with us as we gather everything through Z’s limited access. We have requested the assistance of the iVentures Group to help us gather everything together.

A full release outlining some proposed changes in ZEN will be forthcoming in the next 48 hours. We look to hold a shareholders meeting next week.

In the meantime, it’s business as usual at our vibrant community, especially our 5th Avenue shopping district. So pop up that map, search for sims Tamaqua, Panther Valley, Blue Mountain or Tuscarora and explore what makes ZEN’s Ata one of the most exciting and vibrant estates in SL.

Kind Regards,
Ash
Sep 20th 2008, 19:21
Ashleigh Wade
Zhenya Zoning Real Estate Co. » To all investors and tenants of ZEN
Re: To all investors and tenants of ZEN
Dear Shareholders and Tenants of Zhenya Zoning Real Estate,

I am writing on behalf of the proposed Board of Directors to inform you of proposed changes in our company, both in management and in operations.

First and foremost on everyone’s mind is the financial reporting issue. As noted before, Zaldar has issues with connecting to SL. His communication access is limited to phone and the Drexel University computer labs, which only allows access to email. We are diligently working on this issue, and have retained the iVentures group to work with Zaldar on getting the numbers together.

Now on to some other issues that the company faces. Currently our sims are running just fine and we are not in jeopardy. Quite the opposite, our community is strong and, as you can see from our response, we are dedicated to our shareholders and tenants. But, unfortunately, I have to advise that Zaldar is also facing a large amount of time consuming RL projects and issues that will require more of his dedication. Because of this, he does not have the capacity to solely manage four bustling sims. As a result, he is going to relinquish day-to-day oversight of ZEN to a new management team.

We present for the shareholders consideration, a new board of directors and management team:

Proposed new Management Structure:

Ashleigh Wade, Chief Executive Officer
Annabis Moody, Chief Operating Officer

Proposed Board of Directors/Management Board:

Zaldar Rhode, Chairman of the Board and ZEN Trustee
Ashleigh Wade, Chief Executive Officer
Annabis Moody, Chief Operating Officer
Arnaud Villota, Director
Gabrielle Maktoum, Director
Strider Messmer, Director
POSITION OPEN FOR NOMINEE AT MEETINGS, Director
iVentures Volitant, Director and Shareholder Advocate

We plan to hold two meetings to collect thoughts, votes and nominations for the open board position.
Friday, September 26, 2008 at 7:00PM SLT - Zhenya Zoning Real Estate HQ Lobby
Saturday, September 27, 2008 at 9:00AM SLT - Zhenya Zoning Real Estate HQ Lobby

Finally, I am pleased to advise that a head-to-toe review of the sims and business operations has begun by the proposed board. This will enable ZEN to become a lean, more efficient company.

We can’t express to you how excited we are about our direction. We are pleased with the formation of our new team and we look forward to the shareholders ratification.

Visit Tamaqua, Tuscarora, Blue Mountain, and Panther Valley today and you will see how ZEN is truly Bringing a Second Life Community to Life!

Sincerely,
Ashleigh W. Wade
Sep 29th 2008, 07:50
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Shareholder Meeting
Re: ZEN Shareholder Meeting
Dear Shareholders,

Over the weekend we held two sessions to collect investor thoughts and comments regarding our company.

In Friday's session, we had two investors in attendance.
In Saturday's session, we had no investors in attendance.

A quick recap of discussions from the sessions:

- Financials are being completed at this time. iVentures Group has assisted us in pulling together the information, however there are still some outstanding items, and unfortunately we have lost transaction information for the beginning of August. Arnaud Villota is spearheading the completion and we hope to post both August and September by the next deadline. More information on this will be posted as available.

- A full operations and parcel review has begun and is about 75% complete. We have established a holding alt to allow for transparent and clean transaction info going forward. We are in the process of installing ZEN rental pavilions in each of the sims, which allow tenants an easy, convenient access to recent ZEN announcements and a central place to pay their tier. We have also started utilizing a project management system, central desktop, to help us organize our thoughts and share information more efficiently. The project management system is being paid for by me for the time being.

- We currently have all our open land available for L$1/Parcel. Tier rates are now L$1.7/m2 per month for Tamaqua, Tuscarora, and Blue Mountain. Rates in Panther Valley are L$1.9/m2 per month, due to a high prim bonus. We have had much success with our sale, specifically in Tuscarora where 8256m2 was sold this weekend, representing the entire available inventory.

- Further discussions included revamping our road system, building a new HQ and community center, ZEN 5th Avenue and holiday promotions. We also have a few other projects in the works.

All-in-All, you can see that we are working are to bring ZEN even more to the forefront of SL communities. Please feel free to stop by at any time; or IM me with any questions. You can even request a tour of our spectacular 4 sim estate.

Kind Regards,
Ash

Sep 30th 2008, 08:56
Ashleigh Wade
Zhenya Zoning Real Estate Co. » I need your vote, shareholders.
I need your vote, shareholders.
We propose the following be ratified by the shareholders. As there was little attendance at the meeting this post will serve as the vote. Please note that if you have any objections they are to be noted here.

The top three shareholders have voted FOR the proposed structure. If no further votes/objections are received we will formally implement the structure on Thursday, October 2, 2008.

Proposed new Management Structure:

Ashleigh Wade, Chief Executive Officer
Annabis Moody, Chief Operating Officer
Arnaud Villota, Chief Financial Officer

Proposed Board of Directors/Management Board:

Zaldar Rhode, Chairman of the Board and ZEN Trustee
Ashleigh Wade, Chief Executive Officer
Annabis Moody, Chief Operating Officer
Arnaud Villota, Director
Gabrielle Maktoum, Director
Strider Messmer, Director


Oct 1st 2008, 21:07
Ashleigh Wade
Zhenya Zoning Real Estate Co. » I need your vote, shareholders.
Re: I need your vote, shareholders.
Pursuant to my previous post, I note there have been no objections to the proposed change in management of Zhenya Zoning Real Estate.

Anticipating that there will be no objections, I declare this motion ratified with at least 83.5% or more of shares outstanding voting in favor of the change.

In addition, we have submitted our August financials for SL Capex's consideration and hereby request the halt on trading be lifted.

We want to thank everyone for working with us through the transitional period and we're pleased to see such strong community support. I guess Zaldar had it right when he picked the slogan "ZEN - Bringing a Second Life Community to Life!"

Thanks again. We look forward to ensuring that ZEN will be the best it can be.

Sincerely,
Ash Wade
ZEN CEO
Oct 7th 2008, 07:48
Ashleigh Wade
General Investment Discussion » general : OP/Ed and Commentary re; WSE - World Stock Exchange
Re: OP/Ed and Commentary re; WSE - World Stock Exchange
SIM - Delisted.

This was in the announcement that was posted on WSE today:

"The shareholder list of a WSE Listed Company is and always remains the property of the World Stock Exchange. Any attempt to provide a copy of this content to third parties is a breach of Intellectual Property rights.

The WSE expected that we would experience a number of breaches by CEO's during our current growth phase through WSE 4.0. All participants in the WSE who previously held shares in SIM will now be issued shares in the WSE Traders Fund. Once WTF has been reviewed to reflect active users we will release the Trading Halt on all shares in the WSE Traders Fund."

The company who issues the shares is the owner of it's shareholder list. Not the facilitator of the trades. WSE is a platform for trading, Luke, nothing more. What a dangerous slope he's going down and a very slippery one at that. Because in effect he's indicating that he owns the shareholders. That's messed up, monopolistic and controlling. I know, shocker, right?

He himself has breached his own intellectual property rights many times by providing these lists to others in the past.

This is most frustrating to me because I was one of the first people to experience the WSE and the SL Capital Markets. The spirit of un-cooperation began with Luke. I often wonder what things would have been like had we all worked together and supported each other.

Could you imagine if the NYSE told General Electric, Berkshire Hathaway or Microsoft they didn't own thier shareholders lists? What a damn joke. Sick.
Oct 8th 2008, 09:54
Ashleigh Wade
General Investment Discussion » general : OP/Ed and Commentary re; WSE - World Stock Exchange
Re: OP/Ed and Commentary re; WSE - World Stock Exchange
I think it's obvious that Luke is broke. Anyone could put 2 and 2 together to figure out that withdrawls were contingent on the closing of his secondary. Ironically the date of the secondary closure and the lift on withdraws was the same date (Sept 22 I believe, but Luke seems to like to wipe out and re-write history when it doesn't put him in a good light so I'm sure that this has been erased or amended by now). Secondary failed and now you can't withdraw. Hmmmm.....

I also find it interesting that he has stolen so many people accounts, to the tune of hundreds of thousands, if not millions of linden in value. All this has been wiped from his liability. For someone that trumpets hope and virtue this is the most unethical practice I've ever seen, regardless of his TOS. You just don't treat people like that. When you do, don't wonder why someone would talk ill of your business practices.

A nagging question...what happened to Hope Capital Bonds? What happened to HCL? After the exchange closed and re-opened they were gone and a new WSE security appeared. Was there ever an explaination of what happened? If someone knows please let me know. The HCBs were a ticking time bomb and after the Midas fiasco (where Luke declared Midas bankrupt and delisted because Luke couldn't meet his financial commitments and promises, remember? Midas Bank became insolvent because his operations depended on HCB to fulfill its committed distribution)it seemed to just drop off the radar.

All-in-all this business has been improperly managed with a monopolistic and uncooperative attitude. Not to mention that he turned his back on his core clients and erraticated the user base that might actually make him some money. None of these current events are suprising to me, but it still hurts because he has managed to skirt his way around by creating his own rules and consistently trying to blame others. Funny how every scandal in WSE history has apparently been the cause of others, isn't it?

Are there any comprehensive financials for WSE out there or are we dependent on the system that allows you to enter bogus numbers?

Anyone been out to Hope Capital Island lately?
Oct 10th 2008, 07:25
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
Dear fellow investors, potential shareholders and clients,

Wow, what a fast and exciting month it’s been. Time flies.

Before I go into the status of the estate, I want to thank you for your interest in Zhenya Zoning Real Estate Company. People like you are what makes ZEN a vibrant and successful community. The management board of ZEN is proud to have such active and interested people. Without you, we would be just another empty estate.

Now onto our operational status. Currently the sims are robust with community. So robust, in fact, it’s sometimes hard for me to get any work done with all the people flying about and asking questions. It’s a good problem to have though, for both ZEN and our clients. I wouldn’t have it any other way. I love our traffic and appreciate that they choose ZEN as a destination for their time in-world. And why wouldn’t they? Between our bustling Fifth Avenue shopping district in Tamaqua, our gallery shops in Panther Valley, our resident community in Tuscarora and our vast space and woodlands in Blue Mountain we have the right mix to fit pretty much everyone’s needs. ZEN is an experience unto itself and that dream was masterfully achieved by Zaldar.

I would like to share with you a few things we have done over the last month and bring you up to date on our transition. Over the last month we have been actively reviewing operations. In that period of time we have:
-Installed a management board to actively maintain the estate
-Conducted and completed an initial survey of all four sims
-Created a holding alt to provide for clean and transparent transactions
-Installed ZEN rental pavilions in each sim with rental boxes for each tenant
-Identified potential ways to reduce excess indirect expenses
-Began reviewing promotional activities and other ways to optimize the organization
-Established basis for new projects, such as a new ZEN HQ and community center

As you can see, we’ve been busy. But the work doesn’t stop there. For this next month we are working on:
-Completion of the new ZEN HQ and community center (currently 10% complete)
-Begin work on a new boardwalk project (currently in pre-planning phase)
-Identify deadbeat tenants and remove them from the property (currently underway)
-Revive ZEN Live! and begin scheduling events and concerts (currently underway)
-Complete an exciting Halloween promotional (currently underway)
-Continue streamlining and optimizing operations (always underway)

We have some hefty goals for the month, but we also have a great team to get it done. I am excited to be a part of this team.

As always, there is also a bit of warning that goes with the great news. Currently we have a lot of parcels for sale in Blue Mountain, and each day that goes by causes a further revenue shortfall. I am encouraged by the pace at which we sell parcels, however space sitting open for as long as it has is sure to have some impact on our bottom line. We also have some inefficiency that must be wrought out of the organization. Forecasting for the month of October I am not expecting grand results, perhaps even a loss. I think it only fair to let you, the shareholder, know this upfront.

It should also be noted that financials were posted on October 4th by our CFO, Arnaud Villota (see that section in the forums). We decided to hold off on a dividend this month to ensure continuing operations. If any of you depend on a dividend and are facing a shortfall, please let me know and I will work to find a solution for you.

Overall I am highly encouraged and optimistic about the state of affairs with ZEN. I expect that it will take another month or two to really put everything through the wringer and shake everything out to make ZEN the best it can be. I would ask each of you to check out Tamaqua, Tuscarora, Panther Valley and Blue Mountain at your next opportunity to see how ZEN is truly bringing a Second Life Community to life.

Kind Regards,
Ashleigh W. Wade (Ash)
Chief Executive Officer, Zhenya Zoning Real Estate Company
Oct 10th 2008, 07:26
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Official Weekly Update - For CEO Posting Only
Re: Official Weekly Update - For CEO Posting Only
Dear fellow investors, potential shareholders and clients,

Wow, what a fast and exciting month it’s been. Time flies.

Before I go into the status of the estate, I want to thank you for your interest in Zhenya Zoning Real Estate Company. People like you are what makes ZEN a vibrant and successful community. The management board of ZEN is proud to have such active and interested people. Without you, we would be just another empty estate.

Now onto our operational status. Currently the sims are robust with community. So robust, in fact, it’s sometimes hard for me to get any work done with all the people flying about and asking questions. It’s a good problem to have though, for both ZEN and our clients. I wouldn’t have it any other way. I love our traffic and appreciate that they choose ZEN as a destination for their time in-world. And why wouldn’t they? Between our bustling Fifth Avenue shopping district in Tamaqua, our gallery shops in Panther Valley, our resident community in Tuscarora and our vast space and woodlands in Blue Mountain we have the right mix to fit pretty much everyone’s needs. ZEN is an experience unto itself and that dream was masterfully achieved by Zaldar.

I would like to share with you a few things we have done over the last month and bring you up to date on our transition. Over the last month we have been actively reviewing operations. In that period of time we have:
-Installed a management board to actively maintain the estate
-Conducted and completed an initial survey of all four sims
-Created a holding alt to provide for clean and transparent transactions
-Installed ZEN rental pavilions in each sim with rental boxes for each tenant
-Identified potential ways to reduce excess indirect expenses
-Began reviewing promotional activities and other ways to optimize the organization
-Established basis for new projects, such as a new ZEN HQ and community center

As you can see, we’ve been busy. But the work doesn’t stop there. For this next month we are working on:
-Completion of the new ZEN HQ and community center (currently 10% complete)
-Begin work on a new boardwalk project (currently in pre-planning phase)
-Identify deadbeat tenants and remove them from the property (currently underway)
-Revive ZEN Live! and begin scheduling events and concerts (currently underway)
-Complete an exciting Halloween promotional (currently underway)
-Continue streamlining and optimizing operations (always underway)

We have some hefty goals for the month, but we also have a great team to get it done. I am excited to be a part of this team.

As always, there is also a bit of warning that goes with the great news. Currently we have a lot of parcels for sale in Blue Mountain, and each day that goes by causes a further revenue shortfall. I am encouraged by the pace at which we sell parcels, however space sitting open for as long as it has is sure to have some impact on our bottom line. We also have some inefficiency that must be wrought out of the organization. Forecasting for the month of October I am not expecting grand results, perhaps even a loss. I think it only fair to let you, the shareholder, know this upfront.

It should also be noted that financials were posted on October 4th by our CFO, Arnaud Villota (see that section in the forums). We decided to hold off on a dividend this month to ensure continuing operations. If any of you depend on a dividend and are facing a shortfall, please let me know and I will work to find a solution for you.

Overall I am highly encouraged and optimistic about the state of affairs with ZEN. I expect that it will take another month or two to really put everything through the wringer and shake everything out to make ZEN the best it can be. I would ask each of you to check out Tamaqua, Tuscarora, Panther Valley and Blue Mountain at your next opportunity to see how ZEN is truly bringing a Second Life Community to life.

Kind Regards,
Ashleigh W. Wade (Ash)
Chief Executive Officer, Zhenya Zoning Real Estate Company
Oct 15th 2008, 12:42
Ashleigh Wade
General Investment Discussion » Interesting Development at WSE - CAR Delists
Interesting Development at WSE - CAR Delists
I am posting this on this forum - taken from WSE website before it's deleted:

http://www.wselive.com/research/announcement_detail/3585

Delisting

Submitted by: MH Motors - CAR (Trade)
Date: October 15, 2008

Hello Everyone,
After having several discussions with my shareholders and a lot of patience, I have decided to delist CAR (MH Motors) from WSE. It was a wonderful experience being at the WSE but I don’t see myself being at its standards so therefore we have re-listed our company on the international stock exchange (http://www.intlstockexchange.com/). I have the list of my shareholders which was taken at exactly 10:52AM on the 15th October 2008. All shareholders will have the same amount of shares on that stock exchange. If any of the shareholders has any concern, feel free to contact me.
I wish WSE and the other companies the best of luck and Thanks for everything.


Frageurs Hock
C.E.O of MH motors
-----------------------------------------------------
Also -
http://www.intlstockexchange.com/displaypressrelease.php?releaseid=651
Oct 21st 2008, 10:39
Ashleigh Wade
General Investment Discussion » What Happened?
Re: What Happened?

Edited by moderator Oct 21st 2008, 10:45
Maltos, where did you get such intimate knowledge of BNT finance? And why, if BNT was in such trouble, would he use the money to start ACE? That doesn't make sense.

For those who don't know - Maltos Sosa is Frank Corsi aka Jasper Tizzer and apparently Cathy Rockstar as well:

http://www.sluniverse.com/php/vb/other-grids-virtual-worlds/13295-centralgrid-com-any-info.html

I've said this before, but there would be NO QUESTION on the BNT/CGI aquisition had Jasper not abandoned (or QUIT with NO WARNING or transition) his fiduciary duty from his shareholders and published consistent and detailed financials. I've asked for any previous financial posting on CGI or AVC listing the land as one or another asset, and the only thing I get from Maltos/Cathy/Jasper/Frank is a run around and no solid proof of anything. What this has to do with ths VSTEX thing I don't know, but I've noticed that Maltos/Cathy/Jasper/Frank likes to post it ad nauseum as if it proves anything beyond a merger announcement.

Back to the VSTEX thing. My understanding from reading previous back and forth is that the VSTEX software excludes any outstanding orders from the shareholders list when it is pulled by a CEO and not by the exchange. So, for example, if I had 1000 shares of X company and placed a sell order for the X shares, my shares would be excluded from the list that the CEO pulls from the system. Is this correct?

Frankly, I dislike all the back and forth and side picking. I've worked with all the exchanges and I find they all have great strengths and some flaws. It's useless to fight amongst ourselves and finger point. It only makes the general public trust us all much less.
Oct 21st 2008, 11:29
Ashleigh Wade
General Investment Discussion » What Happened?
Re: What Happened?
Thanks for the explanation Bart. Sounds like we all need to ensure a "24 Hour Cooling Period" before making or responding to accusations. We all live in glass houses, or at the very least, have glass windows.
Oct 21st 2008, 15:48
Ashleigh Wade
General Investment Discussion » What Happened?
Re: What Happened?

Edited by moderator Oct 21st 2008, 16:14
So I'm wondering what jurisdiction you are choosing? I've found the italian legal system to be very slow and quite cumbersome. I once had a lawsuit where someone sued my client because THEY ruined a piece of art. It was well contracted and THEY had clear liability for the damaged piece, but they were allowed to sue my client nonetheless. It took a year before a judge even looked at the case and three before he heard it in trial. The odd thing was they had a trial but forgot to inform the attornies a date was set. Alas, I left the firm I was working for before this got resolved....The US isn't really any better...best just to settle I guess.

What I really wonder is why anyone thinks they need to involve lawyers....I mean, really? Is this SO important that it's necessary to pay someone $200 an hour or more for such silliness? Is this an effective way to use shareholder money? I can tell you my shares would vote no. This is not threatening to the exchange itself, so I hope that someone else is paying for counsel and not VSTEX.

I do applaud VSTEX for defending their rights here, but any lay person who reads can determine what is going on. I just don't think its necessary to involve legal and thus scrutiny of the entire financial sector. But that's just me. I don't mean this in any bad way..I just think there are much better ways to solve differences than threatening legal action. Especially legal action between two virtual character who represent virtual exchanges playing with e-money. How will you determine damages and will it be in Linden? What will you do if they can prove this exposure has increased your business volume and income?

I guess this has to be broached at some point and why not now. Just make sure you are buttoned up. You never know what statements are out there in the internets that may come back to haunt you...



Oct 21st 2008, 15:53
Ashleigh Wade
General Investment Discussion » What Happened?
Re: What Happened?

Edited by moderator Oct 21st 2008, 15:57
Does anyone remember when SL was supposed to be fun? Perhaps one day we will all stop waving our e-penis and realize that working together will bring more fruit than bickering. It's a shame that differences in personality have escalated to this situation. I invite all parties involved from ACE and VSTEX to have a sit down and reconcile differences before there is no business left for the SL Capital Markets.
Oct 21st 2008, 16:21
Ashleigh Wade
General Investment Discussion » What Happened?
Re: What Happened?
Thanks Samantha. I understand. However, I do disagree with you on one thing...if you are using shareholder money then its your shareholders business. Especially considering that cost of attorney fees is comparable to what the business brings in and could very much eat deep into VSTEX revenue. However, I trust that management has already factored this into the equation.

Oct 23rd 2008, 12:34
Ashleigh Wade
General Investment Discussion » HI-FIve™ IPO Launch 6PM SLT 10/18
Re: HI-FIve™ IPO Launch 6PM SLT 10/18
Hi Tue,

I am interested in your business presentation system...Can you give more info on it? I will stop by the store when I have an opportunity.

Ash
Nov 3rd 2008, 07:28
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
Re: ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
Dear fellow investors, potential shareholders and clients,

Another month! It's amazing how time flies. So, what's happening at ZEN? In short phrase, A LOT!

First, I totally missed the boat last month regarding the financials. Because we were able to get all the boxes in our holding alt's name so quickly coupled with an exceptional effort on behalf of our staff and board we were able to produce a profit of L$38,216 for the month (Arnaud has posted the financials in the appropriate part of the forums). I am so happy to see this, and the future of ZEN looks just as positive. To that end, a dividend of L$.01/share is being declared for this month and should be paid in the next few days.

So now our operational status. We are currently running at about 85-90%capacity. Its really inspiring considering the environment. We also are pleased that we have not been affected at all by the recent change in LL policy regarding open sims. We have four class 5 full sims. So all-in-all we look healthy going in to November.

As far as our goals, let me bring you up to status:
-Completion of the new ZEN HQ and community center (currently 75% complete)
Work continues on the community center. This month we will be furnishing the build and finalizing everything.

-Begin work on a new boardwalk project
This project has been put on the back burner for now, although discussion and pre-planning will most likely resume toward the end of the month.

-Identify deadbeat tenants and remove them from the property
This has been completed :)

-Revive ZEN Live! and begin scheduling events and concerts
This is ongoing. We are working to secure a media manager at this time and have a solid candidate we are working with. In addition, some other changes to ZEN Live are being discussed as part of our town hall meeting feedback.

-Complete an exciting Halloween promotional
OMG if you missed this you really missed something.

In addition we’ve identified and defined the following additional goals for the month:
-Complete ZEN Company organizational analysis and provide all employees with titles, clear job responsibilities, and compensation plans.
-Create duties and responsibilities guidelines for board members.
-Begin creating individual goals for the business units once organizational analysis is complete.
-Build out ZEN shops in the new community center.
-Conduct regular town hall meetings to gather the community feedback.

SO, it's been a great month for ZEN. We still have growing pains and the regular day to day issues, but overall I'm so proud to see that our team has gelled operations so quickly. I look forward to the point when my focus can move from laying the infrastructure to using that infrastructure to move ZEN forward into the future.

Kind Regards,
Ashleigh W. Wade (Ash)
Chief Executive Officer, Zhenya Zoning Real Estate Company
Nov 4th 2008, 08:32
Ashleigh Wade
Capital Exchange Archive » To the shareholders
Re: To the shareholders
Aha! You are correct Morphine. I thought the same thing.

Financials due October 10th.

Openspace announcement October 27th.

That's about 2 1/2 weeks, not including the time before the 10th when they SHOULD have been preparing the financials.

No matter what, there is no excuse for neglecting your shareholders and not explaining the situation at had. That's poor management.

I've found most investors understand that business can be bad sometimes. Everyone has problems, but when you are candid about the environment with people they really understand and in most cases are willing to help solve the problems.

To cut and run with no communication only breeds mistrust and the gathering of pitchforks and torches. I've seen it over and over again.

Bankruptcy is a poor excuse for someone who doesn't want to restructure. There are other ways. Thats really sad. 10 to 1 he would only declare bankruptcy to shed his shareholders and keep the sims. There are other ways around this. But it will take smart planning and communication. This is something that RCP management has failed to show thus far.
Nov 17th 2008, 09:00
Ashleigh Wade
General Investment Discussion » general : OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
Re: OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
BNT Financial was rolled into BNTRE and securitized with sims so the statement that BNTF has deposits outstanding is incorrect. Could be a pickle if they lose those sims tho.

ACE is independent of BNT so actions taken against BNT won't affect ACE operations. Could complicate things, but not destroy ACE.

BNT does stand to lose it's sims if tier isn't paid and this could be an interesting development. It would just be one of many that are falling these days.

Nov 17th 2008, 10:47
Ashleigh Wade
General Investment Discussion » general : OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
Re: OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
The key word there is "may" suspend alt. It's a chunk of SL business they are dismissing there. Suspension of the BNT accounts also causes a huge business interruption which will surely doom BNT, because ACE is not the only BNT holding avatar. I guess it depends on whether LL wants to allow Intlibber to try and solve this issue out or not.

True ACE BNT could be comprimised but that has nothing to do with the website and the rest of the exchange including propietary software. That could be salvaged and reassigned to another alt, or sold off. The question is how much would be lost under the ACE BNT account and would that pay the tier?

There are a million solutions possibilities out there. Been there and done that. Cut, run and eternal damnation for the memes doesn't alway have to be the solution. It is what it is. I'm tired of the sky is falling stuff. Businesses face challenges everyday, some worse than others. It will be interesting to see which way this goes, but I don't think Intlibber is one to give up.

Nov 17th 2008, 12:27
Ashleigh Wade
Capital Exchange Archive » Does anyone Have the RL info of Kavai ?
Re: Does anyone Have the RL info of Kavai ?
They do have it most likely Manuela, however they assume a great liability in giving out sensitive info like that. I'm sure they will use it if needed.

Kavai appears to still be in-world so I would reach out there.

Manuela I would also ask you either contact me in-world or check out the ISE forums on GIIF. There is activity there that you should be aware of.

Ash
Nov 17th 2008, 17:35
Ashleigh Wade
General Investment Discussion » general : OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
Re: OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
Without going into too much detail, BNT holds two seperate estates, Surreal BT and Anicapistan.

Surreal BT Estate (where Nolan is Arnaud) is actually physically held by Surreal but managed and branded BNT. It was where BNT started.

Ancapistan Estate (where ACE HQ is located) is physically held by Intlibber.

The bottom line is that Intlibber is a dynamic personality who has challenged a pluthera of problems in the past and this one is no different (however, i still haven't heard this is actually even a problem, only someone who has strung together few things to make a story). I am sure that BNT will survive this and many other issues to come, in one form or another.
Nov 17th 2008, 17:36
Ashleigh Wade
General Investment Discussion » general : OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
Re: OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
oh haha ham we crossed posts :) hope all is well with you.
Nov 17th 2008, 17:41
Ashleigh Wade
General Investment Discussion » general : OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
Re: OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
And Jimmy, what happens to one does indeed affect all, but like Ham indicated they can exist independently with adjustment. They were designed that way. I'm sure it would take work to correct the processes and systems, and it wouldn't be fun, but there is always a solution. And if there is one thing BNT does well its come back in the face of adversity.
Dec 2nd 2008, 12:08
Ashleigh Wade
General Investment Discussion » Recommitment to Second Life
Re: Recommitment to Second Life
How about welcome back and where have you been? What exciting new things are in store? :)

WB Arb. Nice to see you again.
Dec 7th 2008, 11:52
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
Re: ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients

Edited by moderator Dec 7th 2008, 12:20
To the shareholders, tenants, clients of ZEN,

Another month passes. November was indeed a challenging month. While we succeeded in filling some of our goals, we failed in delivering a key item, profit. This month we posted a loss, which is quite unsatisfactory. In looking at the loss, I believe we see the result of tenant shift/churn in our sims and, in general, our restructuring issues. We also saw our sims go from 90&% full to 80% full. Churn is to be expected in a management change; however, I guess I thought I'd see more of this last month. That said, it’s important for you to understand that even with the loss our sim payments are current, and we face no operational issues. We still have a very solid base of tenants who are fantastic.

However, the recent occurrences and general instability of the land market leads our management team to believe that a land only model is not in our best business interest. Our land business, while a stable source of revenue, should not be our only source. Therefore we are utilizing our team talent to identify other streams of income which will provide a hedge against our land business. From this process we have produced ideas such as AZ Homes.

AZ Homes was the original ZEN brand. It all started on a small little mainland plot Zaldar had. He would visit and hang out with folks, amongst which was Annabis. From that community came forth the ZEN you know it as today – the sims of Tamaqua, Tuscarora, Panther Valley and Blue Mountain. To commemorate our beginnings, AZ Homes will be a line of small, well-designed pre-fab homes. I look forward to telling you more about that idea as it develops.

In addition, we are currently in discussions to assume management of Sushi Valley, our sister sim to the south. It is currently owned and operated by Pixelsage Guru. Negotiations are ongoing, but we could take control of it as soon as Dec 15th if all goes well.

We are also in the process of reviving the ZEN Live! venue, which is being rebuilt in Tuscarora by our CBO Tamos Shan. We are finishing up construction at this time, and will re-start our live performances soon. In addition, we are re-vamping our old ZEN Live! into ZEN Lounge!, a new blues lounge concept.

The rest of our goals from last month:

-Completion of the new ZEN HQ and community center (currently 95% complete)

We have completed our museum, land sales office, investor relations office, town hall, AR office, and community conference room. The rest is in progress.

-Complete ZEN Company organizational analysis and provide all employees with titles, clear job responsibilities, and compensation plans.

DONE! We are pleased to announce our staff as follows:
-ZEN Corporate-
Zaldar Rhode, Chairman
Ashleigh Wade, Chief Executive Officer
Annabis Moody, Chief Operating Officer
Arnaud Villota, Chief Client Services Officer
Tamos Shan, Chief Build Officer

-ZEN Marketing & Development-
Annabis Moody, Chief Operating Officer
McChris Flanagan, ZEN Media Manager

-ZEN Operations-
Arnaud Villota, Chief Client Services Officer
Tamos Shan, Chief Build Officer
Sword Rotaru, Estate Manager
Kahski Tuqiri, Estate Manager

-AZ Homes -
Zaldar Rhode, Chairman
Ashleigh Wade, Chief Executive Officer
Tamos Shan, Chief Build Officer

Each have been given a title, job description, and some a land allowance. More information can be found in our Avatar Resources office.

-Create duties and responsibilities guidelines for board members.

To Do

-Begin creating individual goals for the business units once organizational analysis is complete.

In Progress….

-Build out ZEN shops in the new community center.

Not progressing with this project.

-Conduct regular town hall meetings to gather the community feedback.

We had two town halls in November. Ongoing.

So we’re working hard. And all-in-all, it feels good. Looking forward, I think we are going to continue to see a challenging landscape, and will need to examine our business constantly. Obliviously there are some items that need evaluation and tightening. December will be about lining out our processes, and getting the word out what a great community we have. We have some land in Panther Valley and Blue Mountain available, and we are as committed as ever to making sure you have a fantastic SL experience. Contact me or any of our staff to today and come find out how ZEN is bringing a Second Life Community to Life!

Kind Regards,
Ash Wade

P.S. Be sure to check out the investor relations office we have at our HQ in Tuscarora.
Dec 7th 2008, 11:53
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Zhenya Zoning Real Estate Company Vision & Mission
Zhenya Zoning Real Estate Company Vision & Mission
We envision a virtual world community where your neighbor is your neighbor, and everyone has a home. A world where everyone can have fun, share in our common space, and enjoy a sense of camaraderie unparalleled in the metaverse.

At Zhenya Zoning Real Estate Company, we work to ensure our clients, patrons and shareholders enjoy a meaningful metaverse experience by bringing the community to life, and providing opportunities & services unlike those provided anywhere else in the metaverse.

Dec 7th 2008, 11:54
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
Re: ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients

Edited by moderator Dec 7th 2008, 11:55
In addition to the update in the prior post - here's our vision and mission statement:

We envision a virtual world community where your neighbor is your neighbor, and everyone has a home. A world where everyone can have fun, share in our common space, and enjoy a sense of camaraderie unparalleled in the metaverse.

At Zhenya Zoning Real Estate Company, we work to ensure our clients, patrons and shareholders enjoy a meaningful metaverse experience by bringing the community to life, and providing opportunities & services unlike those provided anywhere else in the metaverse.
Dec 16th 2008, 09:39
Ashleigh Wade
Capital Exchange Archive » Transfer of shares to ACE exchange
Re: Transfer of shares to ACE exchange
Hmmm....transactions must have occurred between the time the halt was requested and when the halt implemented?
Dec 16th 2008, 10:27
Ashleigh Wade
Capital Exchange Archive » NDX/DWIF and Travis Ristow
Re: NDX/DWIF and Travis Ristow
I don't think there was a connection between MNM and Travis besides the fact that he owned Synergy Island. MNM was under contract to operate Synergy and paid rent to Travis. BCX was also one of Cadence's publicity clients when Marketing and PR was her cause de jour.

I stayed on Synergy about a month after Travis secured the sim post-debacle, and then moved on because I really couldn't afford to pay tier on a parcel I wasn't using. Travis sold the sim shortly thereafter (I remember reading this somewhere, ISE?) and the new owner cleared the sim entirely and who know whats happening now. I did end up getting one of the disgruntled clients from Synergy who is rebuilding at ZEN....

At any rate, I don't think there's much of a connection there. Travis and BCX way pre-date Cadence's emergence on the in-world scene. Also Travis has pledged over and over again to make his note holders whole (including a fair amount held by me in trust for FED), and Cadence has yet to say a damn thing to anyone other than getting a lawyer and hiding behind them.

That all said, this exchange change over was too abrupt and poorly timed. It should have been handled in a professional manner and it seems there were personal issues that caused some knee jerk reactions (such as the announcement to move, which was clearly out of the blue and raised a few eyebrows).

This entire conversation is taking place across three forums and Travis's response rate is better in the other forums.
Dec 17th 2008, 13:45
Ashleigh Wade
General Investment Discussion » A "Free" Market Encourages Manipulation
Re: A "Free" Market Encourages Manipulation
Ehh - Slippery slope there. I get what you are saying, but we also don't want to invite a fear of investing in the because you are afraid someone is going to come after you with pitchforks because you sold.

I believe the reason the person sold should remain that - personal. It could be that they over extended themselves, it could have been a mistake in placing an order, or it could have been one of many reasons. Perhaps they are leaving SL or had a fight with someone from High Five, maybe they even "heard" all exchanges in SL are "scams" - I pretty much seen it all. Could have had the funds locked up in the IPO for a bit and desperately needed money. One thing I've learned after two years of SL investing that there is an emotional element that causes people to do crazy things. This is not a rational market by any means.

Also this is not unusual behavior for a stock just out of IPO. It happens over and over again. People dump cash in expecting a quick return then get pissed off, need the money, and cut their losses and run.

Some people picked up shares at a great price (wishing I had put that buy order in). If the company continues to do well the buy orders will fill back in.

You might be onto something with the manipulation. My hope is that SL Capex would evenutally start to analyze these patterns to isolate individuals and determine if something is going on. I don't however, feel that this would be something that needs to be played out in public. Its an internal security matter. It could be highly embarrasing to an individual who had good intentions but made a mistake to be called out to the carpet.

And any market, even the ones with the most rules and regulations will be subject to manipulations and people trying to game the system.
Dec 18th 2008, 19:46
Ashleigh Wade
General Investment Discussion » Bernard Madoff arrested over alleged $50 billion fraud
Re: Bernard Madoff arrested over alleged $50 billion fraud
I don't know if you guys have been following this, but this is one of the most outrageaous things I've seen in a while. I've been reading about it in The Wall Street Journal each day...

A little background for those who don't know. Like mentioned before, this guy took a lot of very wealthy people to the tune of an estimated US$50 Billion, but more appalling, he was also a one time chairman of NASDAQ and a well respected figure in the investment community.

Look at how smooth he is in this video, speaking of how the SEC and the system could catch a criminal activity, while the whole time his firm was in the middle of a ponzi scheme:

http://gawker.com/5112028/wall-street-scammer-said-scams-impossible

A lot of red flags should have been caught by the SEC here. They even had people calling them about it:

http://curiouscapitalist.blogs.time.com/2008/12/18/harry-markopolos-really-did-have-the-goods-on-bernie-madoff/

This story is wild. I hope you all are keeping up.
Dec 19th 2008, 07:40
Ashleigh Wade
General Investment Discussion » Bernard Madoff arrested over alleged $50 billion fraud
Re: Bernard Madoff arrested over alleged $50 billion fraud
I guess I'm not really surprised as much as I am amazed at the scale. I also don't think Madoff woke up with the intention to create such a scheme. I'm sure he had good intentions at first, but the scheme developed when, instead of taking losses, he continued to post postive returns (which should have been the first clue - if everyone is doing the charleston and this guy's doing the jitterbug somethings wrong there).

What happened at Citi (and pretty much every other institution that played real estate madness) is egregeous in it's own right. But with a trillion dollars in assets and hundreds of thousands of employees I can see an implosion of an institution like that should probably be avoided.

Along those lines - toxic assets - Credit Suisse has done something interesting and I am curious to see who follows suit. Instead of paying bonuses in a mix of cash and securities this year they are paying thier senior executives with the toxic assets they created:
http://uk.reuters.com/article/bankingfinancial-SP/idUKLI17525820081218

Now that's creative :)
Dec 22nd 2008, 08:38
Ashleigh Wade
Zhenya Zoning Real Estate Co. » December 2008 - ZEN Parcels for Sale
December 2008 - ZEN Parcels for Sale
We currently have parcels which have opened for sale at our estate. Each parcel is set at low low purchase price of two weeks tier up front. If you have any interest in any of the following, please IM Ashleigh Wade, Annabis Moody, or Arnaud Villota today!

------------------------------------------------------
Blue Mountain - 1.1 Prim Bonus - Tier is L$1.7/m2 per month

ZEN - Land For Sale - Blue Mountain 136,149 - 2,816m2
L$4787/mth or L$1197/wk

ZEN - Land for Sale - Blue Mountain 162,74 - 4,320m2
L$7344/mth or L$1836/wk

ZEN - Land for Sale - Blue Mountain 136,84 - 1,152m2
L$1958/mth or L$490/wk

-------------------------------------------------------
Panther Valley - 1.2 Prim Bonus - Tier is L$1.9/m2 per month

ZEN - Land for Sale - Panther Valley 100,226 - 2,048m2
L$3891/mth or L$973/wk

ZEN - Land for Sale - Panther Valley 110,176 - 1,408m2
L$2675/mth or L$669/wk

ZEN - Land for Sale - Panther Valley 70,176 - 1,152m2
L$2189/mth or L$547/wk

ZEN - Land for Sale Panther Valley 38,230 - 3,376m2
L$6414/mth or L$1604/wk
-------------------------------------------------------

Blue Mountain and Panther Valley are both fantastic sims and are located on either side of our downtown area (Tamaqua and Tuscarora). Both boast high traffic, high community interaction and high visability. Check out either one today and find out how ZEN is bringing a Second Life community to life!
Dec 22nd 2008, 18:13
Ashleigh Wade
Zhenya Zoning Real Estate Co. » December 2008 - ZEN Parcels for Sale
Re: December 2008 - ZEN Parcels for Sale
Panther Valley Area SLURL:
http://slurl.com/secondlife/Panther%20Valley/93/199/22

Blue Mountain Area SLURL:
http://slurl.com/secondlife/Blue%20Mountain/171/80/21
Dec 23rd 2008, 21:27
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN on Flickr
ZEN on Flickr
Be sure to check out ZEN on Flickr:
http://www.flickr.com/photos/zen_world
Dec 24th 2008, 07:41
Ashleigh Wade
General Investment Discussion » fed up
Re: fed up
I see where you guys are coming from, but answer me this.

How well did you know, or do you know, the companies you invested in?

With RCP, did you file an abuse report with LL? Kavai is still around. Did you contact him? Did you try to unify the shareholder base to rally and pull the company back? I'm not sure what you believe SL Capex could have done above and beyond what you did. They are not the shareholders, and they can not sue or pursue action on your behalf. So what is it that you want done by SL Capex that wasn't done. What actions are you taking against Kavai yourself?

As far a RL info, if SL CAPEX were to provide you with RL information and you flew down to harrass, assasult, or otherwise harm a person SL CAPEX could potentially be held liable for giving you this information. In a post MNM world I think we should all require personal information if we hold a signficant stake in the company.

Further, if the RL info is not out there already that might be a huge red flag to you. I know the RL names of pretty much every one of my management and they all know mine. They have every ability to track me down through multiple channels if necessary, and Zaldar and I keep contact primarily through our RL Facebook account. I have no problem with providing this info directly to anyone who asks.

But I think the bigger problem here is mismanagement and lack of succession planning.

On mis-managment, in SL no one should have thier eggs so concentrate in one basket that a company folds it cripples you. Part of the problem we identified with ZEN is that we are too dependant on land tier revenue and if we lose a big client (and we have lost two this month for various reasons) then we are stuck with non-profitability (not a good feeling let me tell you). That sucks. So we are looking at new streams of revenue to smooth over the land lumps. That includes creating a product base (AZ Homes, ZEN Merchandise), commercial rental, and promotional streams of revenue. But we are just getting those off the ground and it will take a little time before that's in play.

The most common mistake I can see with SL, though, is the misperception that you can do anything and there expand with leaps and bounds and no regard for fundamental elements of business. I've done it, you've done it, we've all done it at one point. I would be willing to go out on a limb here and state that most of the huge blow ups of the last two years had this as a primary element, and fundamental mistake. Ginko, Allenvest, MNM, LNL to name a few. All grew at a unsustainable and unrealistic growth rate in a market that was not ready to handle it.

On succession, with ZEN, I could identify two people (aside from Zaldar) who could take my place if necessary and transition of control could effectively take place within 24hrs. The problem still remaining, and one that I plan to tackle this month, is the "if Zaldar or I got hit by a bus" scenario.

But these are questions that we must ask as investors. You must make sure that your companies are planning for these events and actively thinking about improving the business.

It's sad to see people go and be so upset. The capital markets have the potential to expand our world and foster great new ideas. I think part of the problem is that we still have yet to develop a entrepreneur-venture capital-IPO model and we have too many entrepreneur ideas going straight to public. It should be no surprise when these ventures fail.
Dec 24th 2008, 16:23
Ashleigh Wade
General Investment Discussion » fed up
Re: fed up
Ah - but see there is no standard declaration of approval given. The requirement is only that you submit a notarized photo ID for SL Capex to keep on file.

We have to be careful where we use the word fraud. In the case of RCP he was hit hard with the new LL land policy. As far as I know he did nothing fraudulent. However, he has poorly poorly managed the situation and cost his shareholders a lot of money, gave them no voice and essentially threw his hands in the air and cut all communication. Thats the poorest form of all. And after he touted and boasted about his communication skills it was even more shameful.

But I don't think it should fall on SL Capex to ensure this entirely. See the problem to me lies with the companies:

1) CEOs must learn that thier investors are very smart and can handle the economic realities that occur, and communicate those realities either good or bad. If a company is operating correctly then those realities should be transparent and make sense to the shareholder.

2) Boards must maintain more oversight of their CEOs. Regular board meetings should be required and minutes from those meetings should be placed on file with SL Capex. There is not enough oversight once a board is formed.

3) CEOs must realize and take the attitude that they are not the *owners* of the companies, but a piece of a larger equity pie that includes other people. All actions must be administered with that in mind. That doesn't mean every little detail should be discussed with the shareholder, though. That just means that CEO should serve as fiduciary and feel morally obligated to act in the company's interest.

Its not the exchange that needs to change as much as the companies and the way they operate. However, since the exchange is the only thing that can serve as a regulatory body though, perhaps a minutes and meetings filling requirement might be fruitful.

Otherwise its going to be up to us, the shareholders, to discourage immorality, vet it out as much as possible, organize and serve on the boards, committees, and companies and take an active interest in our investments if we want to see them succeed.
Jan 6th 2009, 20:33
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
Re: ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
Hello Everyone,
First, happy new year! I wish you all the best this new year. May it be healthy, happy and prosperous.

-Financial Results Summary-
December at ZEN was pretty good. I am pleased to report we closed our shortfall and ended the month with small profit of L$13,785. You will recall last month we saw an operating loss of L$47,563. Looking forward, a breakeven/small profit/small loss fluxuation will most likely be par for the course in 1Q 2009 as we finish diversification, restructuring and product development. However, the net result is strong ZEN with clear products, processes, and plans.

-Dividend Practice and Guidance-
In 2009, the board will discuss dividends quarterly, specifically the end of March, June, September, and December. We will issue dividends as we feel the treasury can handle a dividend payment.

-Estate Operations Update-
December resulted in a fair amount of churn in the estate, including a few givebacks, resulting in more land that is available and unoccupied. As a result, our core land business remains weaker than we would like, however we are steady at about 80% occupancy.

One really cool spot that has developed is our new gated community - “The Enclave at Panther Valley”. We have 7 small parcels for sale in the enclave, and they are *perfect* for a townhouse or gallery. You can check out the enclave here:

http://slurl.com/secondlife/Panther%20Valley/48/195/22

Another bright spot is ZEN Fifth Avenue. Over our little over 1 ½ years in existence Strider Messmer has led the community in Tamaqua to form an amazing downtown fashion shopping district where you can get dressed from head to toe in style, class and luxury. Fifth Avenue is a pillar of the ZEN community and was holiday featured in the Metaverse Messenger – December 23rd edition, page 13:

http://www.metaversemessenger.com/pdf/2008/12/MM20081223.pdf

In the balance of our sims the community is strong and business is great. We have great neighborhoods and great neighbors.

I would like to invite you to participate in our community. We hold bi-weekly town halls led by our COO, Annabis Moody, and they are a great forum for community feedback and communication. The first town hall was held on January 2nd, and the balance of January town halls will be on the 17th@ 2PM SLT and on the 31st @ 2PM SLT. They will be held at the ZEN Town Hall in Tuscarora.

Also of high interest, our own Chief ZEN Zaldar Rhode will be premiering his film works at our new ZEN Live venue in Tuscarora. We are extremely excited about this event and want you all to join us on Saturday, January 10, 2009 at @ 2PM SLT – ZEN Live! (Tuscarora)

I am also pleased to announce that we have completed our 2009 Client Referral Program. This program rewards our current tenants with discounts for referring new tenants. We look forward to the rollout of this program over the next month. The program will be posted in full in the forums for shareholder review.

-ZEN Merchandise Update-
A key element to our diversification strategy is the development of merchandise to subsidize our revenue and even out the ebb and flow of the estate business. While progress on this has begun, I have to admit it has been somewhat slow. We have identified two main product lines, AZ Homes and ZEN Photography and Artwork. Both lines have seen some development and we have begun construction on The ZEN Store. We will continue to work on these lines with the goal of having the store and some merchandise completed and for sale at the end of the month. We realize this is a priority; however the land business remains first and foremost the continual focus.

-Senior Executive Adjustment-
Arnaud Villota has surrendered his estate management duties as of January 3, 2009. This was necessary in order to free his time to focus on his obligation to Phoenix Distribution. He will lose the title of Chief Client Services Officer, however he remain on board as our Chief Financial Officer and Member of our Management Board. We want to thank him for his ongoing dedication of time and effort to ZEN and we wish him and Phoenix Distribution the best going forward.

The estate duties previously handled by Arnaud will be split between myself and Annabis Moody, COO. The estate managers will report into Annabis. An updated corporate deck and organizational structure will be completed ready for shareholder viewing by the end of the month and will be posted in the ZEN Investor Relations Office at ZEN HQ in Tuscarora.

-Conclusion-

In conclusion, I am pleased with what we have achieved since the end of September. Our team is strong and our community is strong. Our tenants are great and we are on the right path. I look forward to the new year and what it holds.

Please feel free to contact me at any time with any questions you may have.

Kind Regards,
Ash

Ashleigh Wade
Chief Executive Officer
Zhenya Zoning Real Estate Company
Jan 6th 2009, 21:18
Ashleigh Wade
Zhenya Zoning Real Estate Co. » 2009 ZEN Client Referral Program
2009 ZEN Client Referral Program
Zhenya Zoning Real Estate Company

2009 ZEN Client Referral Program

Word of mouth is the best form of advertisement and recommendation. As such, Zhenya Zoning Real Estate Company has established the 2009 ZEN Client Referral Program. If you refer someone who purchases a parcel, and that person maintains a parcel in good standing for at least 2 consecutive months, you will receive a discount on your tier in all ZEN owned sims, according to the following schedule:

- 1st Referral – 5% monthly discount

- 2nd Referral – additional 2% monthly discount

- 3rd Referral – additional 3% monthly discount

- The program will max out at a total of 10% monthly discount.


The following conditions apply to all referrals:


- To qualify, the referring party must currently own a parcel in a ZEN owned sim, and must maintain that parcel in good standing to be discount eligible. Eligibility is lost once all parcels are sold or abandoned.


- All current ZEN parcel owners are eligible to participate in the program, with the exception of employees and executive management. Members of the board who are not part of executive management are eligible to participate.


- The company reserves the right to withhold discount if the referral was submitted previously by another source. If there are two referrals for the same person or group, the referral submitted first will be the one processed for a discount.


- If a new client pays for two months up front the referring party is immediately discount eligible.


- All referral claims must be received by ZhenyaZen Diesel within two weeks of the new client's parcel purchase.


To refer a person or group, you must submit a note card to ZhenyaZen Diesel titled "ZEN Referral – Your Name/Referral Name". In the body of the note card provide your name, the sim in which you hold your parcel, the referral name, and sim where they purchased their parcel.


Zhenya Zoning Real Estate reserves the right to amend the program conditions at anytime. This program supersedes any previous referral programs currently in place with ZEN Clients.
Jan 6th 2009, 21:19
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
Re: ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
As promised the 2009 Client Referral Program has been posted at:

http://www.slcapex.com/forums/topic/ZEN/2475
Jan 13th 2009, 10:51
Ashleigh Wade
General Investment Discussion » He's Baack!...
Re: He's Baack!...
"Jasper left behind more assets than what was invested into the company. If it was all divided up with investors, then there would be no issue at all."

Which Company?


Maltos/Jasper/Cathy/etal.,

What you, Jasper, did wrong was simple. You ask everyone to look at facts but always disregard any facts that point to any responsibility you may have had in this. This is a pattern of yours. In short, you:

- Abandoned you fiduciary duty and responsibility to your shareholders by passing the buck to the 2nd largest holder in what appeared to be a blatant attempt to desert any responsibility. I can't think of any other reason why your shareholders would have gotten the message you had abandoned all SL via a third party in two small sentences. You left only by saying to Tobia "Hello - I have sold my business to PatrickJ Ah - please move all of my shares in all of my companies to him - ty". Transfer to PatrickJ was NOT the correct thing to do. The correct thing to do was to hold a meeting with your shareholders, lay out the situation in front of everyone for public record, and gather their thoughts on what to do, formulate a clear asset transfer and operations continuation plan and act on it.

- Jasper failed to maintain public records of any company structure, transactions, assets, income streams or expenditures where any successor could pick up and have a decent idea of where the company is and where its going. You can claim "such and such owned this" and "such and such owned that", but where are the balance sheets, income statements, and assets statements to verify this. If you can't produce this then you really have no claim to anything. Because of this, one can only reasonably presume that PatrickJ did the best with what he could.

That aside, I am not sure what PatrickJ knew and what he didn't. What is clear from public record is that you abandoned your post with no warning, with no clear statements on any of your companies, and with no clear statement of succession, preparation of succession and lots of tier due on very rapidly deteriorating assets. Not to mention it was the worst time to abandon banking in SL. This was after you made multiple public statements on how you would never leave SL (and I guess you never have) and how your companies were doing so well. Your claim as to what happened after could be clearly have been verified by third parties if you had just taken a moment to document anything. Note, I don't think anyone is fully innocent and all have appeared to take advantage of the confusion.

But Jasper, pointing fingers to others and taking NO responsibility for your own actions is petty. If you had done any solid groundwork and documentation on your companies and filed that with VSTEX there would have been something to verify. As such, all we have is what you say which is very inconsistent and conflict with other public statements.

You have a personal beef with Intlibber and that is understandable. You also seek to destroy BNT, which ironically includes your former CGI holders. Whatever the reason for your personal issues is not really my concern. What is my concern is that you continue to fight as if you did nothing wrong when, in actuality, this could have been avoided if you had just taken a few days or weeks to document and prepare your companies for management transfer. You could have then retired to Central Grid with confidence that you wouldn't have to fight for your name. There would have been no question with your investors and bank depositors who owned what, what was paid for it, and the true business shape.

At any rate, for someone who wants to let Jasper die you sure do like to come back and post the same posts ad nauseum. I know you like to pick through posts and choose what to respond to, which is usually not relevant to the topic and a regurgitation of your blaming Intlibber for everything. I hope one day you will realize that this fall in the house of cards started with you, your failure to clearly document your companies, and your abandonment of SL with no clear succession. What happened after, which may or may not be true is unfortunately not verifiable based on available record. Your sole word, however, cannot be trusted based on your actions. I have asked VSTEX if they have any record in the archives which might provide a clearer picture of what you assert, and they had turned over all information to the AVC investigation committee. In short nothing is clear and everything conflicts. This seems to be a pattern.....
Jan 13th 2009, 10:54
Ashleigh Wade
General Investment Discussion » He's Baack!...
Re: He's Baack!...
Hehe Sam - cross post! :)
Jan 21st 2009, 07:59
Ashleigh Wade
Capital Exchange Archive » HBK : Financials Question
Financials Question

Edited by moderator Jan 21st 2009, 08:00
Limer,

The income statement for December and November 2008 appear to be the exact same statement that was posted in October. Perhaps it's not linking right for me?

Also the income statement for each period mentioned indicates a L$100,000 dividend paid to shareholders, when in fact the last dividend paid to shareholders was in August 2008. This should be corrected and restated.

Kind Regards,
Ash

Jan 21st 2009, 13:43
Ashleigh Wade
Capital Exchange Archive » HBK : Financials Question
Re: Financials Question

Edited by moderator Jan 21st 2009, 13:49
DOH! Caught my mistake - I wasn't moving over in the spreadsheet. Thanks.

I can see also that there is no dividend accounted as well, so that is correct.

It would be nice to see a dividend again, since you managed to increase salaries by L$300,000 in the last month, but don't seem to care about your shareholders who bought shares to help the company go to the next level, with the expectation of some reward. Since 75% of the divvy would go to you anyway it would be a nice bone to throw to the shareholders.
Jan 30th 2009, 16:19
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN introduces ZEN Gaming
ZEN introduces ZEN Gaming
Zhenya Zoning Real Estate Company is proud to annouce that Zaldar has done it again :)

As our esteemed Chairman, Chief ZEN and all around rainmaker he continues to diversify our company by exploring new businesses. In short, ZEN Gaming would like to invite our community to the beta testing of a new Stewy Rhode/Zaldar Rhode product.

Please refer to the link below so Zaldar can explain it to you in his own words:
http://zaldar.slreports.scourgenetwork.com/2009/01/28/jumping-into-game-creation/
Mar 3rd 2009, 12:17
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Commercial
ZEN Commercial
Zal and I have been working on a ZEN Commerical and would like to share it with you guys. Once I have a free moment I will provide a more comprehensive update on our operations, but until then (which will most likely be this weekend) please enjoy our commercial, which is located at:

http://www.wicksterproductions.com

There are 2 versions. Each has a different soundtrack. The one labled ZEN 2 (and the better version in my opinion) is the soundtrack created by Zal.


Look for more to come!

Ash
Mar 9th 2009, 07:32
Ashleigh Wade
General Investment Discussion » Nicholas Portocarrero (former Ginko Bank) is back
Re: Nicholas Portocarrero &a

Edited by moderator Mar 9th 2009, 10:24
"Say I am the head of a car manufacturing company. The company isn't profitable, so I decide to borrow 10mil in order to build a better, more efficient factory, to be able to make money. I do so and then there is a fire and the factory is destroyed. I go back to the market and issue another bond for 10mil so I can pay the interest on the last bond, and build a new factory. Am I engaged in a ponzi scheme? Absolutely not. Because even though I have to borrow money to finance the interest, I do so with the plan to generate enough income from the investments, in the future, to offset that. I fully expected to be able to pay people back, and perhaps without the bank run I would have."

- Nicholas
----------------------------------------------------------


Okay, athough you indicated you grasped this concept, you seem to confuse bonds with depositor bank and/or investment accounts. They are two different things and accounted for, protected and treated entirely differently.

Now to the hypothetical:

Your car company is most likely bringing in SOME cash, and you have the books to prove it. If your company is NOT profitable then you are on your road to bankruptcy (ergo the paradox the US Govt faces with GM,etal.). The point being that the financials are there, and transparent for the bond holders and banks to examine and determine what is actually happening and make informed descisions to buy the debt or place the debt. Most likely they would NOT back the bond unless you can prove that your plan will work to some degree and providing financials are paramount to this process. Anyway, let's say we are asleep, or you wow us that day, and you get a bond issue to build the factory.

Fire happens. Aside from the investigation as to why (which would open subrogation possibilities) I would hope the factory is INSURED (and usually is, as a bank and bond condition). That will cover the fire and therefore you will NOT need to issue more bonds. This insurance will also most likely contain a business interruption clause that would cover the interest on your bond payments and continue to pay your employees.

Let's say that for some reason you didn't get the insurance coverage though. I highly doubt the banks will do business with you again. In this environment they sure are not going to give you more money to rebuild a factory when you displayed poor business acumen by not insuring it in the first place. They may also sue you for breach of warranty because Im sure there's something in writing from the banks requiring coverage of your factory. Shareholder and various lawsuits follow resulting from the same. Let's hope you were smart enough to purchase D&O coverage to help pay for the onslaught of civil litigation that follows.
Mar 9th 2009, 10:11
Ashleigh Wade
Capital Exchange Archive » HOT : Liquidation
Re: Liquidation

Edited by moderator Mar 9th 2009, 11:11
Questions -

You indicate that Vitall is retiring from SL. Is there any chance that Vitall would be willing to remain on as Chairman and HOT trustee? You could then start a holding alt taccount maintained by the HOT CEO that collects tier and conducts HOT transactions. That alt would pay Vitall for the sims in turn. Vitall would only be responsible for cashing out the lindens paid from the holding alt to cover tier. Provided that the tier is being met each month, which appears that its not.

If the tier is not being met, would you be willing to sale some of the sims to shrink your simprint and survive as a smaller company with the same CEO ALT pays to Trustee model?

Just some questions that crossed my mind. If you are hell bent on liquidation and want to sell a Class 4 sim with grandfathered tier let me know. ZEN is exploring the possibility of aquiring one.
Mar 9th 2009, 13:22
Ashleigh Wade
General Investment Discussion » Nicholas Portocarrero (former Ginko Bank) is back
Re: Nicholas Portocarrero (former Ginko Bank) is back
Ah yes I missed that Syn. The fact that you are "head" of a car company (presumably public, but that doesn't matter, even private companies must prove thier financial muster to real banks) means that you would also be beholden to a board and subject to oversight. Therefore "you" can't really do anything that large without thier knowledge or that is blatant misappropriation of funds.
Mar 9th 2009, 13:29
Ashleigh Wade
General Investment Discussion » Nicholas Portocarrero (former Ginko Bank) is back
Re: Nicholas Portocarrero (former Ginko Bank&amp

Edited by moderator Mar 9th 2009, 14:57
As far as being "not open"...I will refer you to:

http://www.businessweek.com/investing/insights/blog/archives/2008/06/bear_stearns_fu.html

From that article:
"The hedge fund managers’ downfall, according to the 28-page indictment, all began with a vodka toast more than a year ago. The indictment alleges that after downing the shots on March 2, 2007, Cioffi directed Tannin and two other hedge fund employees to maintain a stony silence about the funds’ “difficulties,” even with “other members of the funds’ team.” The group was celebrating after staving off a near collapse of the funds in February.

In the weeks following that toast, prosecutors allege Cioffi and Tannin engaged in a series of misrepresentations to investors and big Wall Street banks that lent billions of dollars to the once mighty Bear funds, which were one of the biggest owners of securities backed by subprime mortgages. “Rather than disclosing the true state of the funds to investors and lenders, thus allowing an orderly wind-down,” authorities allege that Cioffi and Tannin engaged in a pattern of deception and actively encouraged investors to sink new money into the ailing funds. Ironically one of the pieces of evidence authorities plan to use against the men is a private email message from Tannin to Cioffi, in which Tannin describes the fund as being “toast.’’

-----------------------------------------------------

People did mind about the lack of transparency and we all know it. You couldn't have missed it It was reported in almost every SL newspaper at the time as well as some major RL US publications. I can't tell you how many meetings I attended where it was asked of you and how many articles were calling Ginko a Ponzi. A call for transparency was out there and escalated to a roar in the last days of Ginko.

http://virtuallyblind.com/2007/07/28/commentary-ginko-financial-is-a-fraud/
Mar 9th 2009, 18:58
Ashleigh Wade
General Investment Discussion » Nicholas Portocarrero (former Ginko Bank) is back
Re: Nicholas Portocarrero (former Ginko Bank&amp

Edited by moderator Mar 9th 2009, 21:11
"The people that had money deposited in Ginko Financial did not care about transparency."

Dig up you depositor list and ask some of them how much they didn't care about transparency. They were not looking to invest; they were looking for a safe place to keep their Lindens. You didn't know your customers. Those of us that dealt with the fall out after you disappeared got to know them quite well. A lot of the people here who read, but don’t write, in this forum were your customers.

I didn't disregard the hypothetical. You illustrated an illogical situation that would never happen in real business. AT ALL. What I did was prove that a scheme to consistently go back to the market for more and more money to unjustifiably cover for something that may make money "someday" isn't going to fly. Please provide a realistic and legal usage of a rapid corporate bond double dipping that is appropriately applicable to your situation and I’ll consider that scenario. The one you provided would never be allowed to happen.

The whole time you were taking all this money you were spending it completely unchecked and seemingly without regard for your depositors, who thought their cash was safe. Ginko's reputation was as the "oldest" and "longest lasting" bank, and therefore presumed to be somewhat safe, akin to an insured bank account. Regardless of what you said or disclaimed, some were not savvy enough to recognize a flaw in your model and put in funds they couldn't afford to lose. Those people got the “banking ban” enacted. Those were the people you are not in touch with. They will not even entertain you now.

Was Ginko a Ponzi? Hmmm…I don't suspect it was at first. I don't suspect that was your intention. Probably back when you started and had L$36,000 on deposit it was coverable, and maybe your were making money. My observations would lead me to believe that when WSE started Ginko was still meeting obligations. Maybe even beating them.

But then something interesting happened. Everyone seems to lose their head and started this "SL grows at a faster than any economy in existence" which put them in a state of exuberance that would make 1999 look conservative. This was all while most SL users were only dedicating 2-5 hours a day in-world. Some felt that amount of dedication was productive enough to out expand larger producing RL economies (and it probably was scale wise). And why not, LL was feeding that kind of stuff out of their marketing department to get as many new users as possible. I can say is that people were being quite irrational and aggressive, and trusting people they barely knew with large sums of money.

Back to Ginko "the bank". Ginko warped by investing into highly risky scenarios and took huge bets on unproven companies . As far as know they were also no contract for your RL ventures. All this risk while paying unsustainable interest rates.

When those bets began to sour you never confessed to those losses, and hid them from the public. Since you never gave the public an idea of how the companies were doing the general public assumed you were doing "okay". I’m sure I can even find some statement in publish where you’ll state it’s all phenomenal, even when it wasn’t. That's misleading. Had you been detailed, honest and forthcoming about your losses, and conservative with your bets, we might be having a different discussion.

My red flags started going up as Ginko got larger and larger and there was no feasible way any income was meeting your obligations (towards the end interest was accruing at approx $252,000 US a year without snowballing factored in). You put your depositors’ money in SL companies that were failing left and right, and the balance of the companies paid little or no dividends. The next red flag was the extra dips for cash, GPB and GPBA. See, if the company was doing well you wouldn't have needed to go back and back to the market for more money without clear projects that are outlined and planned. Perhaps you did and can share with us today. However, I had no idea because it was a black hole. And that’s never good.

If you could produce records and financial statements to show that indeed there were separate entities of Ginko Financial, GCS, GPB, and GPBA all with running history then I would be willing to entertain you. You don't even have to produce statements for Ginko Financial. But GCS, GBP, and GPBA were all public so your holders have a right to know how those funds were spent and where they went to. The Ginko depositors do too, and if you had gone through a proper liquidation process they would.

I can’t imagine why you would be so offended to such a basic business inquiry for financial statement, which is a common and accepted standard for doing business today, even in third parties inquiries and transactions. Companies can’t function without them.

Since I have nothing to go off, and I have a suspicion that you don't have any records to produce (and who would at this point), I can only assume what I ascertained from my observations. There were the multiple tanking and illiquid SL company investments, the never rented building next to the old Ginko sim, the non revenue building at Ginko HQ, a rumor of some internet investment and what has been written extensively in public, which is Ginko that was making little to no money, and was not forthcoming with any financial information. All the while the interest clock is ticking and the cash is flying out the door to pay for this and that. Instead of stopping the madness at that point and liquidating, it resulted in a reliance on depositor and investor money to pay off subsequent investors who wanted out, at which point it became…You tell me Nick? Was Ginko a ponzi?

Let’s be very clear though. Nick was not alone in this scenario. In fact there were a lot of people in your boat. Yes, you were the largest. But by no means were you the only one. I understand that. But you can’t come back here and expect it to be all roses. I do have to hand it to you for coming back as you though. That within itself is quite ballsy.
Mar 9th 2009, 20:26
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
Financials for February are now posted. Operations update to follow this week:

http://www.msgc.biz/zen/ZENS_BOOKS_FEB_2009_publish.xls
Mar 11th 2009, 09:43
Ashleigh Wade
General Investment Discussion » Nicholas Portocarrero (former Ginko Bank) is back
Re: Nicholas Portocarrero (former Ginko Bank) is back
Perhaps your time might be better spent trying to resolve your past issues and abondonment rather than opening a new can of worms for us to deal with when it all goes south and you disappear again.

Surely you are joking. Either that or your intent is to make the general public think the capital markets are already more of a joke than they already do because of past shenanigans.

Can't wait till this replicates across the other forums.

BTW - before you start selling off bonds left and right you might review the LL banking ban policy, which states that you can't offer a fixed rate of return via object or ATM on any products you offer. This is a direct result of your previous "pearls". You'll notice the policy specifically mentions Ginko:
------------------------------------------------------------
https://blogs.secondlife.com/community/features/blog/2008/01/08/new-policy-regarding-in-world-banks

"As of January 22, 2008, it will be prohibited to offer interest or any direct return on an investment (whether in L$ or other currency) from any object, such as an ATM, located in Second Life, without proof of an applicable government registration statement or financial institution charter. We’re implementing this policy after reviewing Resident complaints, banking activities, and the law, and we’re doing it to protect our Residents and the integrity of our economy.

Since the collapse of Ginko Financial in August 2007, Linden Lab has received complaints about several in-world “banks” defaulting on their promises. These banks often promise unusually high rates of L$ return, reaching 20, 40, or even 60 percent annualized."

---------------------------------------------------------

Since reading elsewhere that you would be offering a direct return on investment, your "debt instruments" are therefore against this policy. You also appear to try warp your direct return by using the term dividend, which is actually distribution of a portion of a company's earnings to stockholders and really has nothing to do with bonds.

Good luck with further warping sound business definitions, principles and concepts. I just hope that this time your creation doesn't get the exchanges banned. A lot of people have worked hard to clean up the mess that was made, and establish some rule of priciple and order. That you would wonder back into this fray as if you had been here and involved the whole time just shows how ignorant of the situation you truly are. My advice would be to find something else to do in SL or be an investor only. I'm afraid we've been quite nice compared to those that really lost out when you couldn't properly manage your last situation.
Mar 11th 2009, 10:28
Ashleigh Wade
General Investment Discussion » Nicholas Portocarrero (former Ginko Bank) is back
Re: Nicholas Portocarrero (former Ginko Bank) is

Edited by moderator Mar 11th 2009, 11:33
I'm also curious to know where you will get the money to fund this exchange that you are starting?

And a little common sense here since your "pearls" seem to only think of ways to warp the markets to fit your goals....You are proposing to start an exchange in a marketplace where there are already too many players, too little customers and a bad stigma. Another exchange, other than the ones in exsistance, is in the pipeline. Most of the capital that hasn't been scammed or mismanaged out has already committed into investments that are not liquid. There is no new money coming into the system in amounts that would wow anyone.

How you think that you can start an exchange to compete with the existing players in this enviornment, specifically when your name is synonomous with bad business in SL? You are displaying great hubris in this matter and I can only hope that you really think this through before you commit your own, or someone elses, capital to such a project.
Mar 11th 2009, 14:06
Ashleigh Wade
General Investment Discussion » Nicholas Portocarrero (former Ginko Bank) is back
Re: Nicholas Portocarrero (former Ginko Bank) is

Edited by moderator Mar 11th 2009, 15:13
And Andre, I don't think you are stupid at all. Quite the opposite actually. You had to be some sort of smart for everyone to fork over that much money to you.

The problem lies in your execution, follow up, truth in reporting, ethics and general business acumen. You took liberties and risks that you did not disclose; your customers did not want and did not ask you to do. When you realized it was too late and the boat was sinking you didn't stop the madness until your hand was forced by large deposit demand, and that puts you in a legally questionable area. Maybe you didn't know it was sinking since it's fairly obvious you weren't accounting for anything other than your deposit number. The point being you did it all with a very large amount of money that dwarfs your peers by comparison. You have to be accountable and responsible for that and realize the scope and repercussions of your actions.

But to come back here, shrug your shoulders; act like you know today's issues and how to run a market with such boldness when you had by far largest company failure in SL to date is not only ludicrous, but its rather offensive. I'll chalk it up to immaturity as it's been reported that you are in your 20s, with a fastastic, fluent and americanized concept of English for someone from Sao Paulo. So I would surmize you are decently educated or lying.

Either way, best of luck to you in your future endeavors.
Mar 11th 2009, 16:18
Ashleigh Wade
General Investment Discussion » What is the point of?
Re: What is the point of?

Edited by moderator Mar 11th 2009, 17:32
You really have GOT to be kidding me...Dividends are a form of INTEREST? That's really scary.

Dividends are payments made by a corporation FROM A PORTION OF ITS PROFITS to its shareholders.

INTEREST is a FEE paid on borrowed assets, or DEBT. It is the price paid for the use of borrowed money.

Dividends are paid on equity. Interest is paid on debt or borrowed assets. Simple. And NOT the same.

The reason RL companies aren't required to pay dividends, and don't have to, is because thier shareholders have an ownership stake. As the company profits, dividends are distributed or shares are bought back to increase the EQUITY of the shareholders. It is NOT a form of interest. It is based on profitability.

This is completely different from BORROWING assets or money, in which interest is paid as a condition for borrowing. Interest is paid on DEBT. It is NOT a dividend.

Simple concept and Accounting 101.
Mar 12th 2009, 09:13
Ashleigh Wade
General Investment Discussion » What is the point of?
Re: What is the point of?

Edited by moderator Mar 12th 2009, 10:36
http://www.investopedia.com/terms/d/dividend.asp

What Does Dividend Mean?
1. A distribution of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders. The dividend is most often quoted in terms of the dollar amount each share receives (dividends per share). It can also be quoted in terms of a percent of the current market price, referred to as dividend yield.

http://www.investorwords.com/1509/dividend.html

Dividend: A taxable payment declared by a company's board of directors and given to its shareholders out of the company's current or retained earnings, usually quarterly. Dividends are usually given as cash (cash dividend), but they can also take the form of stock (stock dividend) or other property. Dividends provide an incentive to own stock in stable companies even if they are not experiencing much growth. Companies are not required to pay dividends. The companies that offer dividends are most often companies that have progressed beyond the growth phase, and no longer benefit sufficiently by reinvesting their profits, so they usually choose to pay them out to their shareholders.

And still has nothing to do with interest. Can we please lock this thread already? This is getting old.
Mar 12th 2009, 10:08
Ashleigh Wade
General Investment Discussion » What is the point of?
Re: What is the point of?

Edited by moderator Mar 12th 2009, 11:11
LOL :) NP. I guess I just have to walk away then. It's distracting me from work.
Mar 18th 2009, 12:00
Ashleigh Wade
General Investment Discussion » What has happened?
Re: What has happened?
Hahaha Smartest guys in the room.

OMG it's like we are in a recurring nightmare of craziness.

Yes Bo...Lets see, at this rate we are due a visit from Allen next. That should conclude the full tour of ghosts of SL Finance Past.

Then we can move on to the ghosts of SL Corporate past, which should begin with a visit from Ima and Danielz wondering what haapened to the MECH system. Perhaps then Cadence can bring us up to date on MNM and the exciting and profitable changes that have occured in MNM RL.
Mar 18th 2009, 14:14
Ashleigh Wade
General Investment Discussion » RL Banking License - in Entropia
RL Banking License - in Entropia
Thought this Article was interesting and wanted to share:

http://www.msnbc.msn.com/id/29755068/

GOTHENBURG, SWEDEN - The Swedish Financial Supervisory Authority (Finansinspektionen) has granted a license to conduct banking activities to virtual universe developer MindArk PE AB's wholly owned subsidiary Mind Bank AB. The unique step of integrating MindArk's virtual universe Entropia Universe with the real world will allow Mind Bank AB to function as a central bank for all virtual worlds within the Entropia Universe.

MindArk CEO Jan Welter Timkrans comments, "This is an exciting and important development for the future of all virtual worlds being built, using the Entropia Platform. Together with our partner planet owner companies we will be in a position to offer real bank services to the inhabitants of our virtual universe." This will take the integration between real life and virtual life to a whole new level.

Mind Bank AB will be the first bank that fully incorporates real money transactions with activities in a virtual world. Millions of transactions can be processed by the bank for further transfer to MindArk and the virtual universe. Mind Bank will also offer selected bank services to customers on the conventional market.

About MindArk and Entropia Universe

Entropia Universe is an expanding entity of interoperable 3D virtual worlds based on the proprietary Entropia Platform. Each virtual world takes the form of a planet(s) within the virtual Entropia Universe.

The Entropia Platform contains full support for secure micro-transactions in real-time, rich media viewing, transactions with real and virtual items, MMOG entertainment and social interaction between global participants. Its virtual currency, the PED, has a fixed exchange rate of 10:1 with the US dollar.

The Entropia Platform has been developed for over 10 years at a cost of over $40m. Commercially launched in 2003, MindArk's Planet Calypso has been generating profit since 2004 and has served as a vehicle for fine tuning the platform's business model and functionality. It has today over 820,000 registered accounts from over 200 territories. User to user transactions within Entropia Universe exceeded USD $420m during 2008.

Apr 8th 2009, 10:35
Ashleigh Wade
Capital Exchange Archive » JTIC : What happen to shareholder´s shares when Avatar left SL
Re: What happen to shareholder´s shares when Avatar left SL
Also discussed here:
http://www.intlstockexchange.com/punbb/viewtopic.php?id=802
Apr 9th 2009, 18:08
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
Re: ZEN Monthly Update for Shareholders, Potential Shareholder, and Clients
We’ve been busy on the estate. So what’s been going on for the last few months?

-We designed, built and opened a new retail establishment called ZENCity Shops.

-We made a commercial. (@ http://www.wicksterproductions.com)

-We redesigned and built new tier pavilions in each one of our sims.

-We designed and constructed new multimedia parcel for sale signs.

-We wrote and implemented a lag policy.

-We wrote and implemented a succession policy.

-We lost a few land holders.

-We gained a LOT of new land holders.

-We sold a lot of land.

-We made a lot of friends.

-We completed our HQ.

-We got ZEN Live! going on a regular weekly schedule.

-We strengthened our community.

-We strengthened our revenue.

-We are happy.

There is still a lot of work to be done. It seems each time we identify one way optimize the business a whole new set of SLissues creeps up.

I plan to go in depth as time allows and discuss some of the items I highlighted above. I want to thank the SL investing community for the support you give ZEN.

To that end, we are issuing a L$.01/share dividend has been declared. To ensure that we don't deplete our treasury Zal, Annabis and I will be donating our share of the dividend back to the company.

Enjoy!
Ash
Apr 9th 2009, 18:10
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
March is here:

http://www.msgc.biz/zen/ZENS_BOOKS_MAR_2009_publish.xls
Apr 15th 2009, 12:04
Ashleigh Wade
Capital Exchange » CAPX - SL Capital Exchange HALTED for CEO Non-Compliance
Re: CAPX - SL Capital Exchange HALTED for CEO Non-Compli
Estimated!
May 11th 2009, 06:37
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
April 2009 Results:

http://www.msgc.biz/zen/ZENS_BOOKS_APR_2009_publish.xls
May 11th 2009, 06:37
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
April 2009 Results:

http://www.msgc.biz/zen/ZENS_BOOKS_APR_2009_publish.xls
May 11th 2009, 14:42
Ashleigh Wade
Capital Exchange Archive » HBK : Hoorenbeek (HBK) and Kush Islands (HOT) Delisted 04/25/200
Re: Hoorenbeek (HBK&

Edited by moderator May 11th 2009, 16:42
ENOUGH!

[hoorenbeek] had better get its act together AND NOW.

This is a joke, Limer. You said on MAY 1st that you would make a statement. Then you stall because "we don't meet on weekends", but during that time you can continue to SPAM out announcements ALL WEEKEND about your blatant KNOCK OFF AND COPYRIGHT INFRINGING PRODUCT LINES. (Limer Limon sends these messages in case ppl need to track alts later)

It's now over 10 days since the statement that you would make a statement. In that time I've put together TWO SL PUBLIC COMPANY FINANCIALS, dealt with high churn in a sim and completed another building project. I get paid NOTHING from those companies. I work 9-10 hour days in RL with a 1 1/2 hour commute. But I got it ALL DONE.

In the meantime, [hoorenbeek], who is still paying the CEO and management stupid amounts of money, can't get an answer to a simple question, but can still get out those spammy ass messages no one wants.

Just so the shareholders are aware of how much we have paid for these services for a non-responsive CEO who can't be bothered to update and maintain a relationship with the people who gave him over L$1,000,000 to bring his company to this level of success:

Amount paid in Oct 31 07 - Jan 31 09
Development Costs
L$5,025,933.00

Amount paid in Oct 31 07 - Jan 31 09
Products (Raw Materials + Sales Commissions Paid)
Services (Direct labor cost + SVC Sales Commissions)
Real Estate (ie; Tier PAID + RE Sales Commissions)
Marketing & Advertising Expense
L$5,506,000.00

Amount paid Jan 31 08 - Jan 31 09 (One Year)
Management and Administrative Salaries
L$9,400,000.00

That's right shareholders, Limer & Co has netted a cool $34,000 USD on your intial investment while completely disrespecting and blaming their issues on YOU. Further, IN ONE YEAR, they have netted in SALARIES just below the cost of DEVELOPMENT AND OPERATIONS COMBINED! (Does anyone remember that the reason why the salaries were granted in the first place was to offset the development costs?)

So - here we are. [horeenbeek] makes money, albeit now on questionable copyright infringement (love to see the shareholders are paying for originality too). Management doesn't care about their shareholders, and they have made a fortune in part off the funds we provided for them.

They are either stupidly greedy or stupidly fraudulent. What's obvious is they are not willing to work as a team in the interest of all.

On behalf of all the shareholders of [hoorenbeek] I ask that all threads in this forum be locked and a backup be taken by SL Capex and individuals in ways that they can (such as historical financials). We may need to sort through statements made by [hoorenbeek] management in the future.

This episode is not over and if we can not pursue settlement through legal means then we will pursue settlement in the best way SL shareholders historically have, through word of mouth. [hoorenbeek] was relatively unheard of before we gave it money and we can make sure that they will not continue with unethical business practices. A lot of us have connections with RL apparel companies who would be interested in protecting thier copyright and marks.

My hope is that current management is willing to settle this in an fair an equitable manner. It's disappointing to see a company that orginally had wonderful product lines and great potential now making knock offs and being horrendously selfish and greedy.
May 12th 2009, 05:53
Ashleigh Wade
Capital Exchange Archive » HBK : Hoorenbeek (HBK) and Kush Islands (HOT) Delisted 04/25/200
Re: Hoorenbeek (HBK&

Edited by moderator May 12th 2009, 07:36
Cayman, I agree. I think the only way they are going to respond is if we hit them where it hurts, thier pocketbook. We will seek to deny them what they have denied us, which is a decent return on investment. I agree with you and I encouage all [hoorenbeek] shareholders, or anyone who wants to fight for shareholder rights, who are interested in organizing to contact me in world via notecard.

I think the most disappointing aspect of this is that [hoorenbeek] had the potential to be a stellar model of an SL public company. Good Product, Good Revenue. If the management had taken thier reponsibility seriously and worked with their investors properly instead of calling them "game players" we could be in an entirely different situation. However, the chips will fall where they may now I guess. Its time to see how much of a game this really is. Marcelo Ansorena please answer the call of your shareholders and rectify this situation. It is now 11 days since you claimed you would make a statement.

May 12th 2009, 11:27
Ashleigh Wade
Capital Exchange Archive » HBK : HBK Statement
Re: HBK Statement

Edited by moderator May 12th 2009, 16:05
To open:

Although I do see HBK's want/need to deal with shareholders directly they must understand that this issue has grown to become much more than just HBK and is now reflective of a broader SL corporate governance issue. In fact it has been for sometime, although HBK management doesn't seem to be aware of the storm that has been forming.

Therefore I would suggest that HBK mgmt be open to others ideas and opinions.

Cayman and Andy are recognized by the investing community to have valuable insight into SL Corporate issues and thier opinion should matter. If it comes down to selling shares to ensure that voice I am not opposed to it, however in the interest of keeping this as clean and quick as possible I ask that we all take a step back and honor each other first.

Ash

--------
In the interest of settling this matter amicably I applaud you for your effort.

Let’s clarify something. You keep referring to this as a game and seem to like to hide behind that fact. I can assure you I am not playing a game, nor are my colleagues, no more than you are playing a game in SL. So if your investors are a game then [horeenbeek] is a game. If you continue to treat us as a game, then we no option but to respond by playing the game in SL or bring it to RL to protect our interests.

But let's not come to that. Let’s find common ground to settle. I am no longer interested in being your shareholder than you are interested in having one.

--------
On the matter of the financial posting:

The initial rules regarding financial posting were set forth on September 1, 2007, posted and reposted at various times. They state clearly the fees and penalties involved in non-compliance.

They set forth the following guidelines (most points redacted for brevity) for failure to report:

-CEO assets will be frozen on the 10th of the month, including but not restricted to funds and shares held with CapEx.

-CEO will be fined 1000L per day or the equivalent in shares for each day after the 7th of the month until the day of financial postings, up to the 30th of the month.

-Company trading will be halted on the 15th of the month.

-Notice of Default will be issued on the 20th of the month.

-Company will be delisted on the 30th of the month.

In conclusion; HBK apparently was aware of the policy because your first financial report was in the standard format and posted on November 10th, 2007 (after IPO) using the approved template! Since then the financial policy has been reposted many times on SL Capex. I am not sure how you are not aware of the policy since it seems you were aware of the deadline? BTW, It is your JOB as CEO to know all policies and practices in place before you make decisions. This was a clear policy and was part of the terms of listing.

In RL, not knowing the rules or laws is not an excuse for not following them, or abandoning the game, if and when they change. You didn’t follow the rules. This is why you were delisted. It’s is your job and responsibility as CEO of a SL public company to know everything about being a SL public company and stay abreast of the situation. Especially when said company is paying you RL wages.

Finally - weekly operations reporting *WAS* required at the time you IPOed and subsequently dropped as a requirement. So in that case the standard got easier - not tougher as you assert.

-----------
On the IPO valuation:

If you were unsure about the IPO then you should not have proceeded. HBK at that time was solely your company and every decision stopped with you. I am not sure why you chose to proceed? Did they hold a gun to your head? Could you not seek a second opinion?

Bo was correct about the equity structure scaling. Although a scaled structure might have not gone over well considering you started paying yourselves crazy amounts each month. (i.e. why should they be granted more shares when they are siphoning cash off left and right?)

Regardless of all this, you floated 25% of the company on the market and now face that reality. If you feel you've been slighted by SL Capex that is not your shareholders fault. Seek redress with them directly as we seek redress with you. We are not SL Capex. We are individuals who put our money into HBK in exchange for ownership and a return on investment.

---------------
On the stock price and dividends:

Interesting Fact: During the period that HBK was posting consistent dividends, primarily the first few months, the average closing price of the stock was L$1.10, and went at high as L$1.36 (from inception to March 10, 2008). At L$1.10 this represents a 10% gain over IPO price. Not bad for 5 months. However, the average price fell consistently afterward, mainly due to the lack of communication, reporting issues and incomprehensible salary fluxuations. After that, only 2 further dividends were posted, the first in July 08 and second in August 08. As a side note – FED, a company I run, has seen a share price range of L$1.99-3.00/share. It makes a LOT less than HBK in revenue (try .7% of HBK's revenue), but it pays L$.01/share dividend monthly. Dividends are an important measure of a SL public companies health, and offset the investment risk of events such as the one we are now dealing with. I hope now you see the correlation of dividends to share price in SL. This is why your investors were clammoring.

You then lambasted your shareholders by calling this a “game” and blaming them for these issues. From that point the price fell through the floor and never recovered. Those who wanted out were stuck.

Was it really SO hard to set aside L$40,000/month to pay a L$.01/share dividend, especially considering that L$30,000 would come right back to you? How about L$.02 where you would realize $60,000 back out of $80,000 posted?

------------------
On Salaries:

There is nothing wrong with executive and employee salaries. There IS something wrong when the executive payments vary wildly every month and follow no logical compensation plan. In an RL public company you would be arrested for embezzlement, fraud and misappropriation of funds for this behavior.

Just to note, it doesn’t matter what SL CAPEX thinks about your salary and how much you should get paid. It DOES matter what your shareholders think.

So how could you have done it right? First you should have brought it to your board’s attention and had them agree on a compensation plan. The compensation plan should have been defined and posted. You did attempt some sort of communication – along the lines of “Limer and Ansor will get L$200K a month each”, but somehow that L$400K turned into L$800K-L$900K as of the last financial postings, with no further communication on how or why it went up. To note – it appeared raise was given ONE MONTH after you posted the compensation plan.

So the fault here was in not considering the shareholders who own 25% of your company and giving them a voice (via board members) in your compensation plan design. It’s not that you got a salary, only the fact that you felt you could change high level executive compensation without giving those who represent a 25% ownership a voice in that plan (via board members). That and because executive compensation represented 53% of your revenue. Find me a RL company that pays its top executives 53% of revenue. By any comparative measure it’s egregious.

Also, from our perspective you failed miserably at doing your SL CEO Job. You consistently missed deadlines and were not aware of key policies.

Ansor and Limer, I can guarantee you that my time is worth twice to triple your time in RL. I don’t take a salary from any of my SL companies outside of dividends and share appreciation, because I believe in pay for performance in SL. I’m not alone in that. In the eventuality the boards do see fit to compensate me, it will be through a group determined process to ensure that its fair and equitable to all involved.

BTW, if you don’t have a RL job I suggest you get one. If you are living solely on SL you are on borrowed time. I can point to many examples where it’s failed in the long run.

-----------------

On Corporate Governance:

The biggest failure in HBK’s case is efficient corporate governance. There was no one representing the 25% ownership of the company HBK’s board. The result was a CEO who conducted business unchecked and without regard to his investors.

----------------

Resolution:

It’s clear that HBK doesn’t deserve to be public. I would like to let [hoorenbeek] go about it’s business unfettered, and would agree to a solution that makes that shareholders whole and allows you your freedom.

Therefore I propose you go out of this the way you and they came into it, at L$1.00/share. This one time payment out to each of the shareholders will make them whole and won’t impact [hoorenbeek]’s bottom line in any serious adverse way. In fact, considering that the ROI for HBK should be significantly higher but was not given the breeches of corporate governance ethics and repeated losses we’ve had to suffer from CEO not following guidelines set forth by the exchange, this would actually work to management’s favor.

Just to note, I don’t want to entertain anything less than L$1.00 a share. As you say, your time is worth RL wages. In dealing with this so is mine. In writing this note I probably spent more time than I would see back from L$1.00/share. I just want it to be over.

Best,
Ash
May 12th 2009, 13:27
Ashleigh Wade
Capital Exchange Archive » HBK : HBK Statement
Re: HBK Statement

Edited by moderator May 12th 2009, 14:45
Can someone tell me what was wrong with the financials? What are the issues? Wasn't iVentures retained at one point to set this straight? What happened there? Specifically what months are in question and why?

Why was SL Capex unable to assist after 4/27? Is this because delisting occured? Although it WAS outside of the policy period and therefore overdue for delisitng, what occured that caused SL Capex to pull the plug?

Would it be possible to post the recorrected January, Feb and March data?

May 12th 2009, 18:58
Ashleigh Wade
Capital Exchange Archive » HBK : HBK Statement
Re: HBK Statement

Edited by moderator May 12th 2009, 20:01
I would also like to request that a solid copy of the shareholders list be posted as per the delisting policy I referenced to Limer earlier. Since no direct policy I can determine has replaced it, it would still be in effect.

New Financial Posting Policy starting September 1, 2007 (August 13, 2007)

-Monthly financials must be posted by the 10th of the month.

-Details must include: Cash Available, Total Assets, Value of Land, Net Asset Value, Revenue, Expense, Profits, Losses

-CEO assets will be frozen on the 10th of the month, including but not restricted to funds and shares held with CapEx.

-CEO will be fined 1000L per day or the equivalent in shares for each day after the 7th of the month until the day of financial postings, up to the 30th of the month.

-Penalty fees are paid through the following accounts: trading cash balance, bank cash balance, share reduction of listed Company and/or invested companies from personal portfolio, etc.

-Company trading will be halted on the 15th of the month.

-Notice of Default will be issued on the 20th of the month.

-Company will be delisted on the 30th of the month

-Final Shareholder list will be posted in forum

-Company CEO and Directors' accounts will be frozen and not allowed to trade. Once a Company has been delisted, Directors accounts may be unfrozen through petition under the discretion of the CapEx's Executives.

-Company CEO and Directors will be banned from exchange. Directors' ban may be petition at discretion of CapEx's Executives

-Any Alternate accounts found will be frozen with all assets confiscated
May 14th 2009, 13:22
Ashleigh Wade
Capital Exchange Archive » HBK : HBK Statement
Re: HBK Statement

Edited by moderator May 14th 2009, 14:46
Limer, I see your points on some items. I also note that I was reading a prior post regarding the salaries, notabably the first one made in February. Your post about a month later does outline additional salaries. I am sorry I missed that, and I should have voiced my opinion sooner and not held out hope that you would eventually seek to reward us.

However, on other items you are entirely wrong. I ask you to review your stock price history in correlation to the timeline of your investor relations vis-a-vis game and salaries. If you do, as I have, you will find that I am right. If you need the link to download it let me know.

One day we will meet in-world and I will try to explain to you the meaning of dividends in SL investing. While not required it can take a mediocre brand and make it great as well as take a great brand and make it stellar (see Milos Designs). It's also an important part of risk mgmt for investors. When you are making so much it and not paying dividends it just makes you look GREEDY. Investor Relations and Public Relations are key. You excel at one but have failed at the other. I ask you to check out your forums and google your name if this is all new to you.

I also encourage you to realize that this is not YOUR company, but OURS. Our relationship IS WITH YOU. YOU took OUR money, plan and simple. Punishing us for what you percieve SL Capex to have done to you, and bullying us only pisses us off and makes it worse for you in the long run. Treating us like trash will do nothing for you but cause you harm.

The rules are going to change and will continually change. In an enviroment where SL investing is only 2 years old, and the exchanges are self regulated, it's necessary to change them to protect the investors and the listed companies. If you are re-listed I implore do your job and get involved with that. Otherwise just give us what we are owed and move on.

TO SCOTT:

I agree with you that assigning blame and working in the past does nothing to progress this company. However, I also see where this is a wake up call that we need to compose better guidelines in connection to corporate governance and SL business ethics.

We also need to form a CEO support group so we can draw upon each others knowledge and make the community better as a whole.

Perhaps its time for us to finally meet in RL to discuss :) wicksterny@yahoo.com
May 20th 2009, 06:57
Ashleigh Wade
Capital Exchange Archive » HBK : HBK Statement
Re: HBK Statement
Just some interesting side reading while we wait for an outcome:

http://www.bbc.co.uk/blogs/thereporters/robertpeston/2009/05/executive_gravy_train_stalls.html

Companies don't come much bigger, grander or more putatively proper than Royal Dutch Shell.

So it is profoundly shocking that Shell's shareholders should yesterday have voted against the substantial remuneration paid to its directors.

Under governance rules, the vote is advisory only: it is non-binding. But it is a public-relations disaster for Shell.

It is a warning to every company that shareholders will not tolerate discretionary pay awards when performance targets are flunked.

What angered Shell's owners is that the oil giant gave top executives substantial numbers of shares under a long-term incentive plan plus bonus shares relating to another plan, even though the company missed an important target for the period 2006-8.

This discretionary award is worth £1.2m to the chief executive, Jeroen van der Veer, on top of pay and other bonuses worth around £4.5m.

Nice work.

Now, here are two striking facts.

First: back in 2005, Shell explicitly told shareholders that its remuneration committee reserved the right to make discretionary awards as and when the company only narrowly missed targets. If there was a stormy campaign of protest in response, I certainly didn't notice.

And perhaps more importantly: this is the second successive year that Shell has made this kind of discretionary award after flunking the target. However, 12 months ago, shareholders gave their overwhelming approval to the company's remuneration practices.

So what's changed in 12 months?

Surely, you don't need telling.

Global recession is leading to job losses and pay cuts for millions and millions of people.

Against that background, the feather-bedding of top executives who don't hit their targets is widely seen as intolerable.

And what's slightly odd is that the non-executives on Shell's remuneration committee, the grandees who made the discretionary award to Shell's top execs, seem to have been unaware of the public mood.

Some would argue that they may be dangerously out of touch. Although to be fair to them, they are no more out of touch than our own MPs, who initially showed so little sensitivity to the outrage sparked by the way they've been systematically milking their allowances.

The importance of the shareholder rebellion at Shell is that it is an extreme manifestation of a clear trend, which is that professional investment managers - who look after our savings - are intent on making their feelings known when they see executives rewarded for performance they see as inadequate.

So, for example, sizeable minorities of shareholders recently voted against the compensation practices at BP, Pearson and Xstrata.

And at Royal Bank of Scotland, a record-breaking 80% of shareholders voted against what it paid its top team - which was really just a scream of frustration about the doubling of the pension entitlement for Sir Fred Goodwin, the former chief executive widely blamed for hobbling the bank.

You might mutter about stable doors and horses - and you might note that these professional investment managers were hopeless at reining in corporate excess during the bubble years.

That said, the Shell vote is today reverberating in the boardroom of every big company. What the directors of substantial businesses can hear and feel is a great clanking and juddering as the gravy train of executive remuneration hits the buffers.
May 27th 2009, 08:32
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Important - ZEN Shareholders Meeting
Important - ZEN Shareholders Meeting
There will be a single session shareholders meeting for all current and potential ZEN investors.

This is an important meeting to catch up on ZEN happenings, discuss ZEN's current operations and, most importantly, examine our future growth. We will be voting on proposals presented by ZEN management.

Please make a note and attend. One and all are welcome, if you are a current shareholder, interested in a potential investment or just someone who wants to know more about our company.

Please let me know if you have any questions.

Kind Regards,
Ash


Meeting Details
Thursday, May 28, 2009 at 7PM SLT
Zhenya Zoning Real Estate Company Board Room, Top Floor, ZEN HQ
http://slurl.com/secondlife/Tuscarora/144/85/42
May 28th 2009, 04:33
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Important - ZEN Shareholders Meeting
Re: Important - ZEN Shareholders Meeting

Edited by moderator May 28th 2009, 05:34
Zhenya Zoning Real Estate Company
Shareholder Meeting
Thursday, May 28, 2009
7:00 PM SLT

Agenda

Open
- Call to Order (Zaldar Rhode)

Overview of Current Operations
- Status of Finances (Ashleigh Wade)
- Status of Estate (Ashleigh Wade/Annabis Moody)
- Status of ZEN Media (Annabis Moody)
- Status of ZEN Merchandise and ZEN Gaming (Ashleigh Wade/Zaldar Rhode)
- ZEN Two Year Anniversary - Thursday, June 18, 2009 (Annabis Moody)

Proposal for Future Growth
- Presentation on Expansion Possibility (Ashleigh Wade)
- Vote on Proposal (Shareholders)

Closing
- Closing Notes (Zaldar Rhode)
May 29th 2009, 07:44
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Important - ZEN Shareholders Meeting
Re: Important - ZEN Shareholders Meeting
I want to thank everyone for coming out to the meeting last night. It was great and I feel great about moving forward.

I am half way through the minutes and will complete and post them by Saturday afternoon.

Thanks again and happy investing :)
May 30th 2009, 06:01
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Important - ZEN Shareholders Meeting
Re: Important - ZEN Shareholders Meeting

Edited by moderator May 30th 2009, 07:06
Zhenya Zoning Real Estate Company
Shareholders Meeting
Thursday, May 28, 2009
7PM SLT

MINUTES

Shareholders In Attendance:
-Ashleigh Wade
-Annabis Moody
-Mc Chris Flanagan
-Gabrielle Maktoum

Residents and Public in Attendance:
-Que Zanzibar
-Andy Grant
-Tamos Shan
-DJIcestorm Nightfire
-Cocoa Jewell
-Anette Bernard
-Strider Messmer
-Danica Sparta

NOTE: Zaldar Rhode was unable to attend due to a RL family emergency and therefore voted his shares by proxy through representative Ashleigh Wade.

The meeting was called to order at 7:03PM SLT.

OPENING

Ash Wade opened by stating this is the first meeting since the shift from a single manager model to a management board structure. Seven months has passed since the management transition.

FINANCE

Ash noted that since the management board took control the monthly revenue has increased 32% overall. In October 2008, when the board took control, monthly revenue was L$277,901. Last April, monthly revenue was L$368,404.

Ash then explained that revenue has steadied. However, a somewhat problematic issue is that revenue just meets tier on most months. He attributed it to month churn, legacy landholder issues, high competition, downward market pricing pressure and moderate infrastructure size. He then discussed how ZEN’s transactions are conducted, and specifically that he maintains the holdings Avatar, that Zaldar Rhode holds the sims in trust, and that each month the raw transactions are forwarded to Arnaud Villota, the CFO, to maintain the books. Ash also discussed the succession plan, and that he and Zaldar have thought through a "what if something happened to..." scenario and have put contengency plans in place.

He discussed the 2009 dividend practice. The board will evaluate dividend possibility on a quarterly basis. Dividends will be based on profitability. The last dividend was L$.01/share in April 2009, based on 1Q profitability.

ESTATE

Ash opened the estate overview by discussing the back-office operations. He noted that churn can be high in some months; however, our overall churn appears to be decreasing and the parcels are turning over at an increasingly rapid fill rate.

Ash then discussed the challenges in the back office. He is not satisfied with the response time to action the physical aspects of turnover, such as tier box placement. He would like to optimize turnover to a 24 hr response time.

To improve back office response time, he will work with the Chief Operating Officer. They have set up regular meeting s to begin defining a handbook and writing best processes and practices for the land managers to follow. They have set a goal of having a program put together by the end of next quarter.

Annabis then discussed the client side (or, front-office). She highlighted that overall Ata is reaching capacity, “as you can see with a simple fly-by of the sims”. She encouraged everyone to explore the many beautiful public spaces ZEN has to offer, and encouraged our residents to take advantage of them. She noted that the community was strong and involved, which was exampled by the large attendance of ZEN residents at the shareholders meeting. Residents out attended shareholders 2 to 1.

ZEN MEDIA

Annabis then turned focus to the status of ZEN Media, starting with discussion of ZENLive!. She could not be more pleased with the way the venue has blossomed. Currently under the direction of McChris Flanagan, and with hosting by Danica Sparta, ZENLive! has seen many new performers and fans. Since revival about 2 months ago, ZENLive! has hosted twenty different artists, with many coming back week after week as regulars.

Currently ZENLive! hosts roughly three shows a week, some nights with multiple performers, and the goal to bring it to seven nights a week. In addition, a new DJ night will be starting shortly and the place has been redesigned to accommodate the larger crowds that DJs tend to bring in.
She then noted ZENLive! boasts healthy traffic - 1,945 on May 28th with 175 unique avatars having visited in the two weeks prior. She concluded by noting this traffic is being now going to be monetized with strategic ad board placement (at a highly affordable rate!).

She concluded by discussing upcoming projects for ZEN Media, which include production of in-world audio/video compositions. She discussed our strong in-house capability to produce machinima, specifically by Ashleigh Wade and Zaldar Rhode in collaboration, as evidenced by the ZEN Commercial.

ZEN MERCHANDISE AND ZEN GAMING

Ash explained that ZEN Gaming is headed up by Zal, and Zaldar would need update the shareholders accordingly at the next shareholder meeting. Ash then discussed that he is working on ZEN Artwork for the ZEN merchandise division. He then turned focus to Tamos Shan, the Chief Build Officer, who is currently working on home furniture suites to sell under the AZ Homes brand. The furniture suites are quite promising and we look forward to their rollout.

ZEN’S TWO YEAR ANNIVERSARY

Annabis informed the group on June 18, 2009 ZEN will be celebrating its second year as a public SL company. We are proud to announce that our resident hostess, Danica Sparta will be spearheading effort and organization of our celebration. She asked everyone to “save-the-date” and join us in our festivities. Many thanks go out to Danica for her dedication and tireless efforts on behalf of ZEN.

ZEN’S FUTURE

Ash then presented the proposal for ZEN’s future.

Copies of the presentation can be downloaded at:
http://wickstercorp.com/uploads/ZEN_SPO_Deck_Final.zip

NOTE: The deck was composed with Microsoft Office 2007 and is a .pptx file. If you have trouble with opening, please contact Ashleigh Wade, who will deliver you a copy of the SPO book in-world. Earlier versions of MS Office may display the fonts and charts incorrectly. If something seems off, ask for a book.

Ash identified the following immediate issues:

- We are fluxuating between 90-100% capacity in our 4 current sims.

- We’ve been approached by several residents who would like to expand their current parcel holdings, or have friends who would like to join our sim, but can’t find a place to expand.

- Our grass roots effort has generated great interest in our estate, but we have no more land to sell to them.

- We must increase our profitability. A quick way to do this would be another high margin sim, akin to our Panther Valley model (high prim bonus, higher tier). We could also realize considerable profitability on a grandfathered tier sim.

- We would like to increase our operating capital cushion in conjunction with our fifth sim purchase.

- We have been presented with marketing opportunities, and wish to expand our brand presence.

- The Chairman and Chief Executive wish to compensate the Chief Operating Officer, a senior level employee, in connection with reaching a 2 year service anniversary. Compensation will be a share grant.

To address these issues he requested an SPO to raise a total of L$422,250 in capital which will serve the following purposes:

- Sim Purchase

- Marketing Allocation

- Operating Cushion

315,000 shares will be offered to the public at large, at a price of L$1.15 per share, based on a 30 day average closing price as of May 25, 2009.

SHAREHOLDER VOTE

After Ash’s presentation the SPO proposal was put to vote. 73% of the shares outstanding were voted in favor of the SPO, with the balance 27% of the shares placing no vote due to non-attendance, or failure to proxy vote.

Therefore this motion has passed. Accordingly an SPO
application has been placed on file with SL Capex as of
Friday, May 29, 2009.

CLOSING

In closing, Ash thanked everyone for coming out and asked the residents to consider purchasing shares and owning a piece of ZEN. He also encouraged the shareholders to get more involved with the ZEN community and enjoy the sims we own to the fullest.

The meeting was concluded at approximately 7:47PM SLT.
Jun 8th 2009, 19:50
Ashleigh Wade
General Investment Discussion » SL Finance is boring!
Re: SL Finance is boring!
Hmmmm....ahhh 2007....I think Mr. Villota is missing the community of yesteryear. There once was a time when we all sat around the exchange floors and stayed up all night all to discuss about what is and dream up what could be. That was before the community splintered into factions, before fear set in that you were going to get ripped off at every investing turn.

Perhaps it was the innovation that drove it Andy. That time was fun and we created some great things. We gained alot, and also lost a lot. But then again perhaps its that we become jaded and tired old SL men Arnaud. I can think of a million reason why people lost interest. That and finance is highly out of favor not only in SL, but in RL too. I can see where you are coming from. But I like to think that the life could be found again. We need to realistically fix our community and address our fundmental issues tho. Until that point....well.....here we are.....
Jun 9th 2009, 07:39
Ashleigh Wade
General Investment Discussion » SL Finance is boring!
Re: SL Finance is boring!
What I meant by the driving innovation was the creation of the market itself from nothing, which occured in early 2007..mainly referring to WSE 1.0 updwards through AVIX and, you're right, hasn't evolved much since that point. It has become rather boring.
Jun 10th 2009, 12:55
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
May 2009 Results:

http://www.msgc.biz/zen/ZENS_BOOKS_MAY_publish_2009.xls
Jun 11th 2009, 09:30
Ashleigh Wade
General Investment Discussion » Where the heck is Bo??
Re: Where the heck is Bo??

Edited by moderator Jun 11th 2009, 10:33
Although we know Bo to be trustworthy this is a little over board. Two consistent months worth of deadlines have now been missed.

Per SL Capex's policy 5 companies should have been delisted:
BAY
BIG
BTX
SLR
Most embarrasing is that the exchange itself should be delisted - SLCX.

Per the policy L$120,000 in fines for all these companies are due (up to the 30th, at which point they should have been delisted).

Now don't get me wrong. I am all for flexibility and I understand that real life can take a toll. However, I also know that communication is key in these situations and it seems that SL Capex and BO should be responding to these and other key issues. It's a little worrisome to see that two sets of standards are appearing to being applied here. It's more worrisome that those wrote the policy don't abide by it.
Jun 12th 2009, 11:49
Ashleigh Wade
General Investment Discussion » Everyone is gone...so what?
Re: Everyone is gone...so what?

Edited by moderator Jun 12th 2009, 12:50
Well - Shaun looks to be a bad mistake.

Bo is prolly on SL Vacay and needs to get his stuff in order.

Scott will respond to email.

Chango posted financials for VPAY so we know the IT Guru is around.

Haven't heard from Cash in a while.

Looks like the search for a new CEO isn't rumbling along as it should. That would solve a lot of the issues :/

Ergh. All those changes and then a flame out.
Jun 23rd 2009, 12:12
Ashleigh Wade
Capital Exchange Archive » SLR : Is SL Reports Completely Dead, Now?
Re: Is SL Reports Completely Dead, Now?
Agreed Agreed Agreed.

It's a shame that a publication that used to be the cornerstone of SL Finance is now a ghost town. There are virtually no players in this niche market and SL Reports could be great.

You would think they would have capitalized on the momentum from the management change so long ago.

Ergh.....
Jun 30th 2009, 08:19
Ashleigh Wade
General Investment Discussion » general : SLCX Affiliate Program
Re: SLCX Affiliate Program
Noted in the email I sent - but I am posting here as well ;)

Please send one to ZhenyaZen Diesel - the ZEN holding alt.

Also - Steve is onto something as well - a marketing pack with signage, etc would be a great addition. Otherwise I imagine I'll just photoshop something together co-branded with SL Capex and ZEN (as a Capex affiliate).
Jul 2nd 2009, 15:20
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Need Fireworks? Want to celebrate? We got you covered.
Need Fireworks? Want to celebrate? We got you covered.
Need Fireworks? Want to celebrate? We got you covered.

ZEN is a proud affiliate vendor of Parks Fireworks.

We have an extensive array of Parks products from the affordable L$25 “Fireworks Assortment #1” to a fully programmable fireworks show at L$3995. We’ve got it all – bottle rockets, big rockets, fountains, missiles, sparkles and confetti rockets. Best yet, we’ve got a 4th of July UNLIMITED use special rocket that says “Happy July 4th” when launched, priced at L$29!

We wish you the best in your celebrations and thank you for choosing ZEN for your Parks Fireworks needs.

Visit our shop at:
http://slurl.com/secondlife/Tuscarora/158/77/22
Jul 4th 2009, 10:15
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Need something to do todays?
Need something to do today?

Edited by moderator Jul 4th 2009, 11:23
Join us for our celebration at ZEN:

http://www.flickr.com/photos/zen_world/3687008317/

ZEN City and Strider's Mens Shop proudly present:

The Strider's Mens Shop
4th of July Fireworks Spectacular

Join us for celebrations on:
Saturday, July 4, 2009 @ 12:00PM SLT
Saturday, July 4, 2009 @ 1:00PM SLT
Saturday, July 4, 2009 @ 2:00PM SLT

Central Park @ Tamaqua
http://slurl.com/secondlife/Tamaqua/181/106/23

ZENCity and ZEN 5th Avenue thank the following for thier patronage:
JCNY*KA Designs*Shouted Couture*Betsey Laval Couture
Gold in the Night*Sartoria*Terra d' Ombra*Wicked Couture
Arlene's Fashions (@)*Light And Texture*Dryad Designs
Alicia Stella Designs*Larissa Starostin Photography
Mills Dreamy Skins*Bolero Collection*Abia Capalini Design
UK Couture*Timmy Pret-a-Porter*Rhapsody*Jewel Enterprise
Pixel Dolls*Artman Designs*B-Side Couture*Avvy Barzane
Know Destiny Skins*E & D Engineering*Jewelry by Jake
Kalnins Realistic Footwear*Anachronism*Gos Watches
Jul 11th 2009, 05:29
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
June 2009 Results:

http://www.msgc.biz/zen/ZENS_BOOKS_JUNE_publish_2009.xls

Note: You may be prompted to login, if you are just hit cancel and the sheet should appear.


Jul 13th 2009, 11:14
Ashleigh Wade
Capital Exchange Archive » HBK : HBK Statement
Re: HBK Statement

Edited by moderator Jul 13th 2009, 14:43
Alain,

There is a bit of logic behind SL Capex’s stringent terms of relisting. While I agree with you generally that it should each company and their board of directors setting and guiding such things as executive compensation and dividend practice, HBK has miserably failed at giving voice to shareholders via independent board representation on both these items. I’ve also pointed out to HBK the many ways in the past how their actions affected their share price, going as far as to diagram it for them.

What’s not being disclosed is, that in exchange for these terms, each HBK shareholder was being forced to realize an immediate 80% loss on roughly 50% of their shares to make up for HBK Management’s failure to recognize and insist on fair value for their IPO, which they allege is the result of SCLX selling snake oil. What gets me is that HBK Mgmt accepted these IPO terms without protecting their future interest in expressed writing. What really gets me is that rather than going after SLCX for their misdeeds HBK Mgmt insisted each shareholder take an immediate loss instead. The shares purchased with the 80% discount would go to HBK management to increase thier equity.

Nevertheless, to progress this matter in May, I accepted the 80% haircut on 50% of my shares, but in exchange I extracted performance terms from HBK to protect my investment the best I could. Terms which I assume were accepted, but I got no feedback (and to be fair didn't ask for any, just a transfer of cash to trigger the terms). I would hope that the other investors did the same and just didn’t give into an immediate loss with a promise from a management team that has shown very little good will towards investors unless it suits them. It appears that SLCX then went one step further to protect all investors with the terms they listed earlier.

It also appears that HBK was willing to work towards resolution and that’s a positive step for all of us. Now that’s out the door and we are again wasting our own time and money having to deal with HBK to conclude the matter. I can hope for, but don’t expect the conclusion to be fair or equitable since no terms HBK have put out thus far have been solid. Here’s what I know – I put L$52,500 if not more into the company, and I would hope that HBK will give me that full amount back, considering they’ve made countless millions off of it.

There seems to be no activity by either party in June. And now here we are. SLCX drags on, and you have to pull teeth to get something going, and HBK is blaming SLCX for everything without acknowledging that it’s their duty and job to lead their company, protect their shareholders and act with proactive integrity. So nothing is new. HBK is bitching because they have to do their job (a job that pays higher than any other SL CEO or staff) and SCLX is playing dodge ball because of their recent state of disarray.

SLCX,

As we have discussed in various emails back and forth over the last few weeks (notably when I was following up to protect my investors interests and not forcing THEM to do so) I hope that this is a wake up call that you need to get the exchange in order. Continued inaction begets trouble. HBK apparently has made an effort to meet in the middle here, and according to them you’ve fumbled the ball. You had myriad opportunity to follow up and knew this matter was only a degree away from boiling over. Step up the pro-activity. I hope with the management change this works itself out. It has produced favorable results in my case, but you MUST shift the paradigm from reactive to proactive.

HBK,

You continue to fully blame this exchange but seem to have no interest in admitting your own fault in the matter although you indicated you did. Not once, even when I pointed out to you in a detailed diagram how your actions affected the share price and delisting did you say squat to me about it. No plan to correct the errors of the past, no communication about what you will do going forward to resolve your previous issues. So no, you really haven’t apologized from what I've seen. Your only interest seemed to be in purchasing half my shares at a ridiculous discount to make up for what you say SLCX did to you (which apparently was forcing you to accept an improper value of your own company?). Besides, you had over month to follow up on this. How many emails did you send to SLCX mgmt in June? How many chats? If this were my company I would have been emailing them every other day, and if that didn’t get response, posting in the forums to get attention that I was doing something and they were doing nothing. I can tell you did nothing in June because if you had this wouldn't be an issue. Proactivity and agitation moves SLCX. Doing nothing allows them to ignore it. I know that first hand.

Investors of HBK,

Don't be fooled. HBK is going to play this for all it's worth. As we have seen, their "care" usually doesn't extend beyond the PR that this brings them. They have proven this. Where was this "care" when it was time to pay dividends out of the millions in revenue? Where was this "care" last month when they should have been emailing and posting feverishly the forums about how SLCX was not responding? SLCX is NOT innocent by any means; they allowed this to drag on and probably did overpromise. But it is the company management’s responsibility to see to it that everything is on the up and up. Blaming the exchange only goes so far. There has been no plan communicated on how HBK will produce value on your investment and provide for better corporate governance. If HBK was really interested in relisting they would have done everything they could over the last month to ensure that it was followed through. It was thier job and obligation. They should have followed up like gangbusters.

It’s not that hard folks. HBK and SLCX are to blame here and the only ones who are going to take a loss are the investors. SLCX moves forward, Limer still makes his L$400K/month off your original cash investment to gripe about having to do his job as a CEO, and you will probably be stuck holding the bag when its all over.

Want a solution?

Screw us contacting HBK - here's how to solve it - make your shareholders whole and don't make them jump through hoops yet again. Pay each share out at L$1.00, send them a notecard that you've bought thier shares at IPO value and be done with it. You have the investor list in this thread. Then the matter is fully resolved and you continue to make millions off HBK and own the whole company outright. We get that you care, it's whether or not you care enough to make everyone whole. It's that simple. You go out the way you came in and there's no love lost. I'll consider this matter resolved when I get L$52,500 from anyone associated with HBK.
Jul 13th 2009, 13:46
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Introducting - ZEN Chamber of Commerce & Business Services
Introducting - ZEN Chamber of Commerce & Business Services
.:ZEN Chamber of Commerce & Business Services:.

Anette Bernard, Director

*What is the ZEN Chamber of Commerce & Business Services?*

In keeping with its vision and mission, Zhenya Zoning Real Estate Company (“ZEN”) seeks ways to add value to our clients’ and residents’ metaverse experience. ZEN CCBS was founded to collect and organize information on, provide assistance to, and build the network of the various businesses and brands represented on our estate. ZEN CCBS will achieve its mission by assisting ZEN with various marketing initiatives, meetings and projects that strengthen our business community.

We invite our business owners, their affiliated brands and/or tenants to participate with ZEN in strengthening our thriving services and retail sectors into a best in class experience.

*How can I join?*

Business Owners and/or their tenants are requested to provide information to Anette Bernard via note card. Information should include business same, main point of contact, brands represented by the business, photo of the business and/or brands, a landmark to the business, a small write up on what the business is about, and a sentence allowing us permission to include your business in our marketing/advertising. We encourage residents with multiple businesses to submit information on all businesses held in our sims.

*How will you use my information?*

The information will be included in our categorized master directory, and in the near future will be given to new residents and visitors in our sims. In addition, your information will be included in our marketing and promotional materials as appropriate, and at our discretion.

*How will this help my business?*

By partnering with ZEN through ZEN CCBS you will gain free exposure, increase cross traffic and receive the support of the ZEN staff to help market, promote and grow your business based in our sims. It is our interest to see your businesses thrive, and this is our way of saying thank you while adding value to your ZEN experience.

*How much will it cost?*

ZEN CCBS is a FREE service provided to ZEN residents, their tenants and any brands represented in a ZEN owned sim. Inclusion as a member and inclusion in the ZEN global directory is free. In addition all members will be invited to our networking activities. We should note that when conducting large scale projects and/or marketing efforts ZEN CCBS may solicit donations and give preferential marketing/advertising positions to certain members based on size of donation.

Please feel free to contact Anette Bernard or any of the ZEN Management Board Members for more information on ZEN CCBS.

Thank you for your ZEN.

ZEN Management Board
Zaldar Rhode, Chairman
Ashleigh Wade, Chief Executive Officer
Annabis Moody, Chief Operating Officer
Tamos Shan, Chief Build Officer
Arnaud Villota, Chief Financial Officer
Strider Messmer, Member of the Board
Gabrielle Maktoum, Member of the Board
Aug 10th 2009, 12:02
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Request for Financial Deadline Extension
Request for Financial Deadline Extension
Dear SL Capex, etal.

We are requesting a formal extension to prepare our July financials. With our SPO and new capital influx we are accounting for items that were not accounted for. Couple that with a bit of a delay in my getting the full numbers and transactions to Arnaud on time (sorry Mr. CFO) we are running a bit behind. The good news is that it appears to be a very decent month considering all the activity that went on in July.

We expect to be able to post everything in full by end of day Thursday, August 14th if not sooner.

Again, sorry for the delay and thank you for your ZEN.

Ash
Aug 13th 2009, 17:48
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
July 2009 Results:

http://www.msgc.biz/zen/ZENS_BOOKS_JULY_publish_2009.xls
Sep 9th 2009, 12:48
Ashleigh Wade
Zhenya Zoning Real Estate Co. » When will SPO end?
Re: When will SPO end?

Edited by moderator Sep 9th 2009, 14:18
Hi Io,

Good question and it has been on my mind as well. I have been thinking about this and will review with the board and get back to you. Give me about a week as I need to re-assess our strategy with the balance of the board members and then develop and communicate a secondary plan of action.

I agree it has gone on for some time, however we need to sell through in order to meet the strategic objectives lined out in my May presentation:
http://wickstercorp.com/uploads/ZEN_SPO_Deck_Final.zip

There was some delay in getting the SPO up which slowed our Mojo. We were aiming to start selling in June which would have been optimal.

As far as the oldest investors you can't cant any older than me, as I've bought ALL my shares and been holding them since June 2007. I'm not looking to sell them anytime soon.

I am also exploring an offer with someone looking to buy a large portion. Also, just for clarity the total amount of shares SPO sold in August was 56,252 - so at that burn rate we would see a sell through in 4 months (less if we stepped up marketing and attracted angel investors).

At any rate, I do agree its rather unfair to hold up everyone this long and will address this with Zaldar and the balance of the board. We will need to examine the September pickup to determine if its feasible to stay our strategic course or reconsider our options. In light of our summer churn, which was higher than normal this summer (and resulted in a loss as you will see in the financials coming out tomorrow) we might need to bunker down for the fall.

In the meantime, please check out our sims Tamaqua, Tuscarora, Panther Valley and Blue Mountain. We have a little something for everyone there. I hope to see you soon.

Kind Regards,
Ash
Sep 10th 2009, 11:04
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials

Edited by moderator Sep 10th 2009, 12:04
August 2009 Results:

http://www.msgc.biz/zen/ZENS_BOOKS_AUGUST_publish_2009.xls

Although we avoided summer churn in July it hit us full force in August. We had anticipated this in May and, as you will recall, we planned for this with the SPO - a L$75,000 capital cushion to see us through these events.

All-in-All our balance sheet is strong, however we are not seeing as high of a September pickup as we expected, and in fact have had some more tenants letting their land go, which might produce another loss unless we can sell out the vacant land quickly. We are currently at about 75-80% capacity.

It should be noted that in spite of all this there are a LOT of exciting things going on at ZEN. We have taken opportunity with the land churn to tweak, think through and revamp some of our legacy land issues, which will produce a higher profitability once we can get ourselves back up to a higher capacity.

I will continue to keep you informed and will provide a more detailed update in the near future (meaning this weekend).

All the best from ZEN.
Sep 15th 2009, 06:58
Ashleigh Wade
Zhenya Zoning Real Estate Co. » When will SPO end?
Re: When will SPO end?
Hi Io,

Just wanted to let you know I haven't forgotten you. Last week was a mad house for me in RL (but then again it always is), and my time in-world has been spent dealing with estate operations. In short, what I am saying is that I haven't had time to put my strategic thoughts in writing for Zal, Annabis, Arnaud, Gabby and Strider (the board) to review and weigh in.

Please give me a little more time as I think this through and work it out. I just wanted to let you know that I am still working on it - and I felt I owed a check in since I gave a deadline of a week in my post above.

Ash
Sep 21st 2009, 09:35
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Looking for Land? Keep it in the family and look at ZEN first!
Looking for Land? Keep it in the family and look at ZEN first!
We have a variety of parcels open and are looking to accomodate your needs.

Our listing of current available parcels can be found at:
https://www.xstreetsl.com/modules.php?name=Real_Estate&MerchantID=225563

Check us out today and find out why ZEN is bringing the Second Life Community to Life!

.:ABOUT ZHENYA ZONING REAL ESTATE COMPANY(ZEN):.

We envision a virtual world community where your neighbor is your neighbor, and everyone has a home. A world where everyone can have fun, share in our common space, and enjoy a sense of camaraderie unparalleled in the metaverse.

At Zhenya Zoning Real Estate Company, we work to ensure our clients, patrons and shareholders enjoy a meaningful metaverse experience by bringing the community to life, and providing opportunities & services unlike those provided anywhere else in the metaverse.

Our community driven estate offers an incredible mix of personalities and services. Visit us today and experience ZEN.

.:GENERAL ESTATE INFORMATION/MAKEUP:.

ZEN's ATA is an organic growth estate. Currently the estate has evolved to the following general makeup and key landmarks:

Tamaqua – High Density Retail Shops and Urban Builds, ZEN 5th Avenue Shopping Experience, ZENCity, ZENCity Boardwalk (with a Ferris Wheel!)

Tuscarora – ZEN HQ & Town Hall, ZEN Live! Performance Venue and High Density Residential Builds

Panther Valley – Low to Mid Density Commercial, a Luxury Master Planned Residential Community - The Enclave at Panther Valley, ZEN Lighthouse

Blue Mountain - Low to Mid Density Commercial, Low to Mid Density Residential, ZEN/Lunari Raymaker Park
Oct 4th 2009, 07:03
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Zensuality Sim Model and Construction Blueprint is up!
Zensuality Sim Model and Construction Blueprint is up!
Investors,

We have installed our sim model and blueprint. You can see it here:

http://slurl.com/secondlife/Blue%20Mountain/117/129/21

Please check it out and let us know if you have questions or ideas. Construction will begin this week. We have backed off the previous model and moved to a new model.

---------------------------------------------------------------------

Welcome to Zensuality - Dream Away :)

Inspired to be a resort oasis - Our current model calls for three anchor tenants, 6 storefronts and 55 tiki/cabanas which we have modeled to recognize approxmately L$80K in revenue per month. We will layer a series of advertising boards across the sim to buffer and provide revenue off the sales/rental base.

We are simultaniously conducting market research so our mix of anchors/storefronts/cabanas may change to accomodate what the market can hold. In addition the sim will be designed as "turn-key" to accomodate for a rapid turnover with little involvment. We want the sim to run itself for the most part so we can work on building the community and traffic while maintaining a great service level in Ata.

We have sold the three anchors and expect to move those residents in shortly.

More news as it becomes available...
Oct 11th 2009, 07:07
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
http://www.msgc.biz/zen/ZENS_BOOKS_SEPT_publish_2009.xls

This the financial posting - more detailed report to follow. This weekend I am working through a full survey of Panther Valley, Tamaqua and Tuscarora to ensure our tier boxes line up with what is actually held. It's a little time consuming but important so I need to get it done this weekend.
Oct 20th 2009, 11:37
Ashleigh Wade
General Investment Discussion » Thoughts on the SL Economy 2009
Thoughts on the SL Economy 2009
I came across this thread and would like to hear your thoughts on the SL Economy.

https://blogs.secondlife.com/thread/2760
Oct 21st 2009, 13:59
Ashleigh Wade
Capital Exchange Archive » HIFI : finacials august.
Re: finacials august.
There are a lot more people outside of Bo who are "exchange co-owners". Some people might take offense to that ;) being that SL Capex is a public company after all. I’m sure Cash meant to say a majority shareholder. Bo’s influence over the company only represents ~25% of the shares outstanding.

I've always found the exchange management to be fair when the channels of communication are open. This includes waiving penalties when there is a legitimate business case for it, and being flexible with policies when situations warrant. This flexibility has been extended across the board and specifically was waived for ZEN on two occasions I can remember.

Itchy – just for the sake of clarity and to answer your question, I believe the policy in play is:
---------------------------------------------------------
New Financial Posting Policy starting September 1, 2007 (August 13, 2007)

-Monthly financials must be posted by the 10th of the month.

-Details must include: Cash Available, Total Assets, Value of Land, Net Asset Value, Revenue, Expense, Profits, Losses

-CEO assets will be frozen on the 10th of the month, including but not restricted to funds and shares held with CapEx.

-CEO will be fined 1000L per day or the equivalent in shares for each day after the 7th of the month until the day of financial postings, up to the 30th of the month.

-Penalty fees are paid through the following accounts: trading cash balance, bank cash balance, share reduction of listed Company and/or invested companies from personal portfolio, etc.

-Company trading will be halted on the 15th of the month.

-Notice of Default will be issued on the 20th of the month.

-Company will be delisted on the 30th of the month

-Final Shareholder list will be posted in forum

-Company CEO and Directors' accounts will be frozen and not allowed to trade. Once a Company has been delisted, Directors accounts may be unfrozen through petition under the discretion of the CapEx's Executives.

-Company CEO and Directors will be banned from exchange. Directors' ban may be petition at discretion of CapEx's Executives

-Any Alternate accounts found will be frozen with all assets confiscated

-----------------------------------------------------------

I think you need to read between the lines here and think about what Cash is saying when he says “I have asked Tue to propose a penalty or the standard penalty will apply” This implies that he is willing to work out the situation. I’ve always found Capex to allow flexibility in this manner and this time is no different I believe.

What I do take issue with is the policy itself. It’s been brought up multiple times that this policy could potentially penalize shareholders for management's negligence. There has been a paradigm shift world wide in this line of thought, specifically being highlighted in the case the SEC is bringing against Bank of America. If we can’t ensure management (and not shareholder) liability for these fines perhaps the policy might need to be reconsidered.

A side note on Bo – my hope is that he will return shortly to pick up where he left off - as he indicated about four months ago “My wfe and I are building a new house this summer - a task that has taken on a life of its own and has essentially become a full-time secondary occupation for the time being - we hope to have an occupancy certificate by October 1. That endeavor, when combined with increased responsibilities in my RL Job, as well as my church and our soccer club just leave no time for SL until the fall. “

It’s now the fall, and some sort of update would be nice. If Bo's sabbatical needs to continue though, could we let SL Reports go to a new management who might make a use for it? There is a serious need for a decent SL business media outlet and SL Reports once was the cornerstone of filling that need. I think you understand more than I do Cash. I know you have a lot invested in SL Reports well being ;)

Hope everyone is well.
Ash
Nov 5th 2009, 09:32
Ashleigh Wade
General Investment Discussion » general : OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
Re: OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange

Edited by moderator Nov 5th 2009, 10:35
Arnaud. My friend. We have been through oh so much. The shades of jade take you to the bad place. I like to remain optimistically cautious.

I dont think you will see the death of Intlibber, just as I don't think you will see the death of Jasper Tizzy, nor of Inv Allen. Those avatars may go, but those people will remain, and will continue to reincarnate in some form or fashion.

The concern is that none of these people displayed any sense of warning, caution, or follow through when thier companies were not doing well. In each case it appears investors were lied to on a continual basis. This pattern of behavior is selfish, wreckless and causes mistrust. There is no need to lie when times are bad. It is what it is.

So how are we going to be smarter and more innovative to preserve our industry before one of these people really ruins it for the group? The problem is that in each case I've seen acting before thinking, and ignoring rather than anticipating issues. Eventually it may come to a point where LL decides to hatchet the whole marketplace altogether.

WSE to me is a null and void risk for us. Luke wants nothing to do with SL from what I can tell.

The more concerning issue is VWBIZX. That is a rabbit hole that goes deep, and it's not just as simple as "another exchange". We are talking an exchange that connects to another virtual world and another economic system. The concerning issue to me is that the people running the exchange run the economic system (G$), and also run the virtual world in which it operates. I am missing where there are any checks here and who is managing it. It's a free reign on printing virutal money akin to if LL wanted to open an exchange. There needs to be some thought given to what the risk and implications of this will be.
Nov 10th 2009, 11:23
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials

Edited by moderator Nov 10th 2009, 12:25
October #s may be delayed a day or so.

I've coded the transactions and forwarded them to Arnaud to review and place in the financial template.

There is a slight delay due to my travel schedule (i'm writing from a hotel meeting room in Philadelphia right now), and Arnaud is traveling this week as well.

I don't expect to be more than a day or so delayed.

This post will be updated as soon as I have the link.

October was an expensive month due to the buildout and churn associated of Zensuality (which if you haven't seen it, you need to NOW!). So it will be a loss month, as expected.

We did get a lot of great changes out of our movement this last month, and I have to say I am very pleased with our new positioning. If we can get the clients in we will be golden by the end of the year.

I'm working through a corporate capabilities deck to share with you guys as well, and expect to have that done by Sunday - once I get home and get through the balance of my meetings this week.

In the meantime...need a homestead?
http://www.zhenyazoning.com

Re-posting soon, and my apologies for lateness....
Ash

Nov 17th 2009, 10:08
Ashleigh Wade
Capital Exchange Archive » HIFI : Open Letter - Final Request for information Tue Torok
Re: Open Letter - Final Request for information Tue Torok
I wish I knew Sophia.

Anyone wishing to relive the SL Tronics Media situation need look no futher than the archive:

http://www.slcapex.com/forums/browse/SLTM

Happy Reading....

Ash

Dec 1st 2009, 08:51
Ashleigh Wade
General Investment Discussion » Ford Edelman Designs – Statement of Intention to Relist at SL Capital Exchange
Ford Edelman Designs – Statement of Intention to Relist at SL Capital Exchange

Edited by moderator Dec 1st 2009, 09:52
Ford Edelman Designs – Statement of Intention to Relist at SL Capital Exchange

Ford Edelman Designs (FED) would like to formally announce that it is seeking a relisting from Ancapistan Capital Exchange (AnCapEx) to SL Capital Exchange (SL Capex) pursuant to what we strongly believe as majority shareholder wishes, with management abstaining from the decision process.

Accordingly, we are now entering a formal application process with SL Capex. This will include a FED management review of all existing records pertaining to FED, followed by formal submission of an updated prospectus and completion of SL Capex compliant financials. Barring any unforeseen issues formal documentation will be submitted to SL Capex by end of day Sunday, December 6, 2009 for approval and acceptance.

Some of you may, or may not, be aware that Ancapistan Capital Exchange plans to begin operating within a week. I have asked that ALL trading of FED shares at AnCapEx be halted prior to the exchange re-opening.

The decision to relist FED was based on three factors:

- My perception of shareholders intentions shortly before the second lapse of the ACE platform, where a popular vote was displaying a 20 to 2 vote in favor of relisting (with management abstaining from the vote)

- Significant absence and neglect of the business and platform by its leading principal, with no guarantee that a strong management will be in place at the exchange reopening.

- No confirmation that, once reopened, the exchange capitalization would sustain a sufficient level of withdrawals by our shareholders.

That said, Ford Edelman Designs wishes ACE the best in going forward as it rebuilds the business and recapitalizes the exchange. ACE has full FED, as well as my personal, support.

Ladies, Gentlemen and Avatars of all kind – THANK YOU for your patience as we enter the transition period and begin rebuilding our company. As always, our historically consistent monthly dividend practice will continue, which is now 20+ months in continual practice.

All the best,
Ash Wade



Dec 1st 2009, 08:54
Ashleigh Wade
General Investment Discussion » general : OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
Re: OP/Ed and Commentary re; ACE - Ancapistan Capital Exchange
Ford Edelman Designs – Statement of Intention to Relist at SL Capital Exchange

Ford Edelman Designs (FED) would like to formally announce that it is seeking a relisting from Ancapistan Capital Exchange (AnCapEx) to SL Capital Exchange (SL Capex) pursuant to what we strongly believe as majority shareholder wishes, with management abstaining from the decision process.

Accordingly, we are now entering a formal application process with SL Capex. This will include a FED management review of all existing records pertaining to FED, followed by formal submission of an updated prospectus and completion of SL Capex compliant financials. Barring any unforeseen issues formal documentation will be submitted to SL Capex by end of day Sunday, December 6, 2009 for approval and acceptance.

Some of you may, or may not, be aware that Ancapistan Capital Exchange plans to begin operating within a week. I have asked that ALL trading of FED shares at AnCapEx be halted prior to the exchange re-opening.

The decision to relist FED was based on three factors:

- My perception of shareholders intentions shortly before the second lapse of the ACE platform, where a popular vote was displaying a 20 to 2 vote in favor of relisting (with management abstaining from the vote)

- Significant absence and neglect of the business and platform by its leading principal, with no guarantee that a strong management will be in place at the exchange reopening.

- No confirmation that, once reopened, the exchange capitalization would sustain a sufficient level of withdrawals by our shareholders.

That said, Ford Edelman Designs wishes ACE the best in going forward as it rebuilds the business and recapitalizes the exchange. ACE has full FED, as well as my personal, support.

Ladies, Gentlemen and Avatars of all kind – THANK YOU for your patience as we enter the transition period and begin rebuilding our company. As always, our historically consistent monthly dividend practice will continue, which is now 20+ months in continual practice.

All the best,
Ash Wade
Dec 3rd 2009, 06:49
Ashleigh Wade
Capital Exchange Archive » HIFI : Open Letter - Final Request for information Tue Torok
Re: Open Letter - Final Request for information Tue Torok
(1.g) - invades anyone's privacy by attempting to harvest, collect, store, or publish private or personally identifiable information, such as passwords, account information, credit card numbers, addresses, or other contact information without their knowledge and willing consent.

The other question is if, by way of accepting a position as an officer of a public company, shouldn't principals be asked to agree to a release of RL address information for thier shareholders in the event of default? It might curtail some of the cut and runs.

What good does it do for SL Capex to collect RL name and address information if they are not going to use it to help protect the investing public? Wasn't that the motivation to start collecting the information in the first place?

What changed to create the need for 1.g?
Dec 3rd 2009, 10:34
Ashleigh Wade
Capital Exchange Archive » HIFI : Open Letter - Final Request for information Tue Torok
Re: Open Letter - Final Request for information Tue Torok

Edited by moderator Dec 3rd 2009, 11:35
Bo -

Yes I understand that. I'm not on a witch hunt here...I am simply suggesting that we might consider making "knowledge and willing consent" a requirement for accepting office.

People would be a lot less willing to pull the crap they do if they knew that thier address would be published to investors after a cut and run. It's just a thought for consideration. I'm not sure of the legalities involved and I'm sure you guys have had put much more effort into understanding this type of situation.




Dec 8th 2009, 20:04
Ashleigh Wade
General Investment Discussion » Ford Edelman Designs – Statement of Intention to Relist at SL Capital Exchange
Re: Ford Edelman Designs – Statement of Intention to Relist at SL Capital Exch

Edited by moderator Dec 8th 2009, 21:09
A day late but done, on Monday I submitted the following documents to SL Capex via email:

- SL Compliant Financials YTD

- DECEMBER 2009 Shareholders Presentation

- Shareholders List

- Updated Prospectus

---------------------------------------------------------

SL Capex has taken all documents under review.

The shareholders presentation will be slated for release this weekend (I have to hippo book it and I have a million things to do).

The Prospectus has been updated as follows:

Ford Edelman & Co. (FED)
Excellence in everything we do.

Total shares: 997,812

Prospectus

Company Tagline
Excellence in everything we do.

CEO's Real Life Name
Chadrick Turbyfill

CEO's Real Life Location
New York, NY

*Board of Directors*

.: ELECTION, SIZE AND TERM :.

The FED Board of Directors will comprise of no less than three (3) but no more than seven (7) individuals to be elected during a special/annual shareholders meeting each December, with the term of service starting on January 1st the year following. The slate of directors will retain office for one (1) year following election. There are no term limitations.

.: NOMINATION PROCESS :.

Nominations for the board will be solicited in public forum, and current shareholders may nominate one or more individuals. Nominees will then be vetted by the current board and, from that pool, a slate will be selected for general shareholder election. Candidates selected will be those whose goals, skills and interests closely match that of Ford Edelman & Co.

.:SPECIAL BOARD APPOINTMENTS :.

Ford Edelman will retain a board seat and the title of Chariman Emeritus in perpetuity.

Absent Ford Edelman, Ashleigh Wade and his named successors will retain a board seat as director in perpetuity, to ensure the interests of the majority owner, the Ford Edelman Trust, are represented in the company.

Special appointment seats will not count towards the size limitation of the board.

.: INDEPENDENT DIRECTORS :.

At minimum one (1) board member, specifically someone having no direct responsibility for the day-to-day operation of the company must be a part of the slate presented for election.

.: INITIAL BOARD ESTABLISHMENT :.

The current slate of directors is wiped. Nominations for the 2010 initial board will be solicited shortly after relisting. The nominations will be vetted by Ashleigh Wade and certain Top Ten Shareholders to select a slate of directors whose goals, skills and interests closely match that of Ford Edelman & Co.

*Cash on hand*
35546

*Land owned*
2320

*Tangible Assets*
35546

*Monthly Income*
12000

*Monthly Expenses*
4408

Ford Edelman & Co.

Dear Shareholders and Potential Investors,

Thank you for your interest in Ford Edelman & Co. Since December 2006, Ford Edelman has been an integral part of the SL investing community.

The company currently specializes in product development, custom builds, game development, and retailing. For example, you may be familiar with our game “Double Team”, a leading SL board game.

The current revenue stream from our products and custom work has allowed us to sustain a small, but consistent, return to our investors for years now.

As many of you know, I recently took full control of the company, although technically I have been running day-to day-operations since August 2007 as interim CEO.

It’s an exciting time to be a Ford Edelman & Co. shareholder. As we position ourselves for 2010 we look to build upon the business we’ve established, and grow based on our core strengths coupled with new innovation.

Thank you for the support you’ve provided us over the last few years as we look forward to the years to come.

Sincerely,
Ash Wade

*Business Overview*

Ford Edelman & Co., formerly Ford Edelman Designs, is a specialty retailer in SL.

Our current product sales and services recognize approximately L$10,000-L$12,000 in monthly revenue. This has historically returned L$.01/share each month to our investors. We seek to return consistent dividends, although they are not guaranteed.

In 2010 our board of directors will be charged with identifying expansion opportunities and formulating a plan of growth for our company.

*Business Strategy*

Our 2010 Positioning Strategy

1) Get the company structure correct.

- Establish a solid board and retain key employees.

-We’ve set aside 150,000 shares to retain employees. The shares are held under a sub account of Ash and set for dividend reinvestment to add to the compensation pool.

-Once established, the board will create a compensation plan and begin identifying candidates.

2) Diversify. Diversify. Diversify.

-Identify and explore areas that would fit within FED retail.

-Revamp current products, and develop new products.

-Expand into other areas where we have core strength, such as machinima production and graphics creation.

*Business Strengths*

Consistent Business. Great positioning.

*Use of Capital*

Ford Edelman & Co. was established in IPO at WSE and previously listed on ACE. We seek no capital in this relisting.

*Risk Factors*

Ford Edelman & Co. operates only and solely within SL.

No investment in SL is 100% safe by any means. Period. YOU CAN LOSE CAPITAL INVESTED.

Ford Edelman & Co. seeks to mitigate and/or address any identifiable risk to the best of our ability through our policies and practices, however we are not all seeing, all knowing, and we cannot control everything. We value our shareholders and act in a manner to best protect their interests.

If any world government or SL intervenes in SL investing we will become a private partnership and our investment systems will be manually administered.

*Management*

Day-to-Day Operations are managed by Ashleigh Wade, with the Board of Directors to assume advisory control/assistance in 2010.
Dec 10th 2009, 21:12
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
Fiancials for Novemebr:

http://www.msgc.biz/zen/ZENS_BOOKS_NOV_publish_2009.xls

I am about 50% done with a note for the shareholders to cover what's been going up and down with operations, but I also need to load some pics into Flickr and get some SLURLs so you can visit some places.

Look for an update this weekend.

Best,
Ash
Dec 14th 2009, 09:35
Ashleigh Wade
General Investment Discussion » Ford Edelman Designs – Statement of Intention to Relist at SL Capital Exchange
Re: Ford Edelman Designs – Statement of Intention to Relist at SL Capital Exch

Edited by moderator Dec 14th 2009, 10:36
Hang in there. I know all are really busy at the moment. This is a manual process, and they have to upload and validate the shareholders list - which I understand can take up to 2 or 3 hours of solid time. I have been in email contact with Bo and will follow up accordingly.

On my end I didn't get to upload the presentation in world this weekend. I will do it as soon as possible given my schedule and get you a copy :) but it won't be for a few days. If you have email and want to post it I can email it out to you sooner.


Dec 15th 2009, 13:12
Ashleigh Wade
Capital Exchange Archive » FED : Ford Edelman & Co. - Nominees for 2010 Board of Directors
Ford Edelman & Co. - Nominees for 2010 Board of Directors
THIS IS THE NOMINATION THREAD. IT WILL REMAIN VALID UNTIL TUESDAY, DECEMBER 22, 2009.

SHAREHOLDERS PLEASE INDICATE YOUR NOMINEES FOR INCLUSION IN THE SELECTION PROCESS ONLY. PLEASE START A NEW THREAD FOR ANY DISCUSSION AND/OR QUESTIONS.

Board of Directors Information

.: ELECTION, SIZE AND TERM :.

The FED Board of Directors will comprise of no less than three (3) but no more than seven (7) individuals to be elected during a special/annual shareholders meeting each December, with the term of service starting on January 1st the year following. The slate of directors will retain office for one (1) year following election. There are no term limitations.

.: NOMINATION PROCESS :.

Nominations for the board will be solicited in public forum, and current shareholders may nominate one or more individuals. Nominees will then be vetted by the current board and, from that pool, a slate will be selected for general shareholder election. Candidates selected will be those whose goals, skills and interests closely match that of Ford Edelman & Co.

.:SPECIAL BOARD APPOINTMENTS :.

Ford Edelman will retain a board seat and the title of Chariman Emeritus in perpetuity.

Absent Ford Edelman, Ashleigh Wade and his named successors will retain a board seat as director in perpetuity, to ensure the interests of the majority owner, the Ford Edelman Trust, are represented in the company.

Special appointment seats will not count towards the size limitation of the board.

.: INDEPENDENT DIRECTORS :.

At minimum one (1) board member, specifically someone having no direct responsibility for the day-to-day operation of the company must be a part of the slate presented for election.

.: INITIAL BOARD ESTABLISHMENT :.

The current slate of directors is wiped. Nominations for the 2010 initial board will be solicited shortly after relisting. The nominations will be vetted by Ashleigh Wade and certain Top Ten Shareholders to select a slate of directors whose goals, skills and interests closely match that of Ford Edelman & Co.

Dec 16th 2009, 13:32
Ashleigh Wade
Capital Exchange Archive » FED : Don´t Panic
Re: Don´t Panic
FED to Sell 7,187 Shares from Capital Account
In an effort to help stabilize the market FED will release 7,187 shares from the capital account held under Ashleigh Wade in the following sell orders:

Ford Edelman Capital
Company Qty Price Expires Original
FED Ford Edelman & Co. 187 1.40 2010-01-16 14:26:07 187 Cancel
FED Ford Edelman & Co. 500 1.45 2010-01-16 14:25:00 500 Cancel
FED Ford Edelman & Co. 500 1.50 2010-01-16 14:23:38 500 Cancel
FED Ford Edelman & Co. 500 1.55 2010-01-16 14:22:21 500 Cancel
FED Ford Edelman & Co. 500 1.60 2010-01-16 14:22:02 500 Cancel
FED Ford Edelman & Co. 500 1.65 2010-01-16 14:21:33 500 Cancel
FED Ford Edelman & Co. 500 1.70 2010-01-16 14:20:59 500 Cancel
FED Ford Edelman & Co. 1000 1.75 2010-01-16 14:19:59 1000 Cancel
FED Ford Edelman & Co. 1000 2.00 2010-01-16 14:19:27 1000 Cancel
FED Ford Edelman & Co. 1000 2.50 2010-01-16 14:18:37 1000 Cancel
FED Ford Edelman & Co. 1000 3.00 2010-01-16 14:18:15 1000 Cancel

After the sell of these shares all remaining treasury shares will be held under the holding avatar account, Balance Writer.
Dec 19th 2009, 08:45
Ashleigh Wade
Capital Exchange Archive » FED : Ford Edelman & Co. - Nominees for 2010 Board of Directors
Re: Ford Edelman & Co. - Nominees for 2010 Board of Directors
Alright folks where is the love? LOL

Alternatively - you may submit private nominations to me VIA NOTECARD.

I've gotten a few submissions thus far, but I do expect more or I will start recruiting ;)

Ash
Jan 10th 2010, 19:34
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Financial Reporting
December 2009

http://www.wicksterworldwide.com/FED_December_2009_Publish.xls
Jan 10th 2010, 19:35
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
Results are MUCH better ;)

http://www.msgc.biz/zen/ZENS_BOOKS_DEC_PUBLISH_2009.xls
Jan 11th 2010, 09:25
Ashleigh Wade
Capital Exchange Archive » SLR : Shareholders Meeting
Shareholders Meeting
Did I miss this last night? MAN - I meant to be there.

Any recap avail?
Jan 11th 2010, 09:26
Ashleigh Wade
Capital Exchange » Financials
Financials
Can we get an update?
Jan 11th 2010, 09:27
Ashleigh Wade
Capital Exchange Archive » PHX : Financials
Financials
Can we get an update?
Jan 11th 2010, 09:44
Ashleigh Wade
Capital Exchange » Financials
Re: Financials
Thanks Bo! Just wanted to check in and see how things are doing :)
Jan 11th 2010, 09:45
Ashleigh Wade
Capital Exchange Archive » SLR : Shareholders Meeting
Re: Shareholders Meeting

Edited by moderator Jan 11th 2010, 10:49
Sounds good. This is one I'm very interested in. Please keep me posted.
Jan 29th 2010, 12:02
Ashleigh Wade
General Investment Discussion » ESN. Future investors advice needed.
Re: ESN. Future investors advice needed.

Edited by moderator Jan 29th 2010, 13:48
I tend to fall on the side that once you buy shares they are yours indefinitely, regardless of circumstance.

That said, there have to be some adjustments made to accommodate the reality of SL:

-People leave, delete their Avatar, and disappear. They don’t care about $$in the exchange.

-Alt accounts can’t be tied to people. Specific to ESN, I have a sneaky suspicion that many of those accounts tie to one person.

-Dividends paid to dead accounts do nothing to increase trading activity, and force the exchanges into an awkward position of increasing capital reserves to offset the rising cash value of these accounts. This probably isn’t a good use of exchange $$.

So how do we deal with this?

I also feel this is a company issue, not an exchange issue. Although the exchange may temporarily take some heat - I think it is clearly the companies’ job to maintain shareholder interest, good relations and effective communication.

Some of the ideas I’ve seen proposed are:

*Take the shares for the treasury of the company after XX months/years and XX ways of attempting to contact people.*
I don’t think this is the route to go, because it creates a conflict where it would be in the company’s interest to find dead shareholders. Also it sucks ethically because it goes against the grain of inherent ownership. We don’t want to create an environment where people feel as though stuff will be taken if they take a break from SL

*Buy dead share holders at NAV after XX month/years of no activity and XX ways of attempting to contact people*
I think this is much more effective way of showing that we recognize equity. However this creates potential issue where people may have intentionally intended to allow their shares to sit and collect dividends. People may also dispute the NAV price as the optimal price.

So what does that boil down to?

If a company feels that they MUST have something in place to address this issue, the optimal way (to me at least) would be for the companies to develop absentee ownership policies that they communicate to shareholders and place on file with the exchange (in a 2 part approval, 1 BOD, 2 Capex). This policy would outline the shareholders rights; include mechanisms and procedures for a buy back trigger, as well as methods to ensure succession/survivability of ownership if wanted and an option to opt out of the absentee policy altogether. Perhaps the policy should even be put to shareholder vote since it does affect equity.

This way everyone is protected. A clear and dually approved policy and procedure is on file and published. The exchange can rightly place responsibility on the company for its actions towards it's shareholders. There is no question what is to happen in the event of an absentee.

Obviously there will be some issues in enacting a policy like this retroactively, but perhaps we first need to look at what the real impact is on ESN (and whether some of those accounts can be identified as alts of people we know).

I don’t have time to go into detail now, but that’s my initial thoughts on matter. Ensuring succession and survivor ability should be paramount to any policy development of this nature.

For ESN, my gut would say just relist the entire list Johnny. I don't think this issues is going to be solved in a fast enough manner. I think in order to protect yourself it would be best to develop a concrete policy, get approvals and publish it first and then enact it. Besides relisting is enough of a headache with new prospectus development, creating compliant financials and keeping ops going. Why add another to do now? ;)

Happy Friday Everyone.
Jan 30th 2010, 18:31
Ashleigh Wade
Capital Exchange Archive » FED : Risk Architecture (ISE:RA) acquires 10.45% stake in Ford Edelm
Risk Architecture (ISE:RA) acquires 10.45% stake in Ford Edelman &am
Risk Architecture (ISE:RA) acquires 10.45% stake in Ford Edelman & Co. (SLCX:FED)

Andy Grant named to board and retained as Chief Innovation Officer.

As of January 29, 2010, Risk Architecture has acquired a 10.45% (treasury adjusted) stake in Ford Edelman & Co., effectively making RA the 4th Largest Shareholder in FED behind the Ford Edelman Trust (36.44%), the Ford Edelman Employees Fund (15.94%) and Ashleigh Wade, FED CEO (11.69%, all treasury adjusted %s).

In connection with RA’s stake, FED will name Andy Grant to the FED Board of Directors (as majority holder of RA). In addition, Mr. Grant will be retained as Chief Innovation Officer. He will be initially tasked with market development, assisting with the re-fresh of the current product offering and identifying new revenue streams.

“I’m excited to have Andy on board”, Wade was quoted as saying. “He was the right person at the right time. As FED repositions itself from a developer and retailer to a multi revenue model Andy’s innovative thinking is sure to come in handy.”

The first FED project will be refreshing its three year old skill game Double Team, in preparation for a product re-launch. "Double Team is really a hidden jewel among skill games", indicated Grant. "It's potential in the market place, even after 3 years of existence, is explosive." FED will also begin refreshing the balance of its consulting offerings.

On the corporate side, the executives will work to fill the balance of the board. In addition, a company audit check will be put in place, as Mr. Wade will begin coding and sending the holding avatar transactions to Mr. Grant to audit each month and prepare financials, similar to a model employed by Zhenya Zoning Real Estate Company (SLCX:ZEN).

Ford Edelman & Co. is one of the first public companies in Linden Lab’s Second Life. Since 2006, FED has been a leading novelty products retailer, custom building and consulting business.

Contact Ashleigh Wade or Andy Grant with any questions.
Feb 2nd 2010, 12:02
Ashleigh Wade
General Investment Discussion » ESN. Future investors advice needed.
Re: ESN. Future investors advice needed.

Edited by moderator Feb 2nd 2010, 13:03
"Just so everyone clearly understands, at present, the trade commissions that SL CapEx earns barely put us above break-even most months.

Read the income statement and balance sheet if you don't believe me... the total funds on deposit is listed as a liability... most months it averages somewhere around the +/- L$2M mark. " - Bo

The same SLCX financials that haven't been published since the August 2009 reporting period? :(

------------------------------------------------------------

In a brief overview of this thread I think it would be best to relist the entire list "as-is" directly from ESN, because:

- As you know, any mistaken discrepancy will be flogged in the forums.

- We haven't established a clear policy dictating what we did, why we did it, or why we might do it again in the future.

- SLCX will receive the brunt of the complaints if any, as it is easier to put in a support ticket than chase down Johnny.

- People are still coming out of the wood work regarding ACE’s closure.

- There is a lot of scrutiny regarding this situation and I think it would be better to have buy-in on a clean policy instead of acting first and creating a potential headline for certain gossip blogs.

While there are a lot of dead holders, we all agree this is a problem and hot topic, I think it’s very important we develop a clear, precise and pre-communicated policy prior to any actions being taken (communicates why we need to do what we are doing and how we will do it). As is, there is room for perceived manipulation. More concerning however, is my fear that someone would raise hell about it. As much as I trust Andy, I don't want him or Johnny being called a cheat or a liar in a public venue because someone gets upset that their shares are not there, or at least not as many as they "think" they had, or as many as they want to complain about (and you know they potentially could, even though we could prove it).

Specifically with Capex, something I missed and we need to dialog about what they can do on the back end regarding this matter and incorporate that into the policy.

Bottom line, I just don't think we are in a place to act on someone's equity without a clear and pre-communicated plan of action that gives people time to react. Gut check doesn't feel right here. Particularly because you would be the first out of the gate on this new thinking.
Feb 4th 2010, 13:17
Ashleigh Wade
Capital Exchange Archive » FED : Inisde Trades
Re: Inisde Trades
Mandatory Notification of Trade

Mr. Ashleigh Wade, CEO of Ford Edelman & Co., has
on 4-February-2010 acquired 321 shares at an average price of L$ 1.74 in Ford Edelman & Co.

Following this transaction Mr. Wade personally owns 112936 shares in Ford Edelman & Co.
------------------------------------------------------------------------------------------------------------------------Contact person(s): Ashleigh Wade - CEO or Andy Grant - CIO

Feb 4th 2010, 13:26
Ashleigh Wade
Capital Exchange Archive » FED : Holdings Disclosure - Ashleigh Wade
Holdings Disclosure - Ashleigh Wade

Edited by moderator Feb 4th 2010, 14:36
As of February 4, 2010 at 4:19 PM EST, the following is the break out of FED shares held under Ashleigh Wade

Ashleigh Wade Personal
(Purchased by A. Wade + 2,242 shares from inheritance)

FED Ford Edelman & Co. 112,936

-----------

Ford Edelman Capital
(Treasury not held in Holding Avatar)

FED Ford Edelman & Co. 2,000

-----------

Ford Edelman Employee Fund
(inheritance, set aside to fund employees, shares voted by A. Wade unless re-allocated to compensate employees)

FED Ford Edelman & Co. 153,517

-----------

Ford Edelman Trust
(inheritance, set aside in perpetuity under private trust for Ford Edelman, voted and managed by A. Wade unless Ford returns, funds Edelman Center for better SL Corporate Governance)

FED Ford Edelman & Co. 350,991
Feb 10th 2010, 18:37
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
http://www.msgc.biz/zen/ZENS_BOOKS_JAN_PUBLISH_2010.xls
Feb 10th 2010, 18:57
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting
January 2010

http://www.wicksterworldwide.com/FED_January_2010_Publish.xls
Feb 15th 2010, 18:09
Ashleigh Wade
Zhenya Zoning Real Estate Co. » I know one of you M$th#r F$&ck#ers has gots to be h*r$ny!
I know one of you M$th#r F$&ck#ers has gots to be h*r$ny!
http://slurl.com/secondlife/Zensuality/127/127/24

*Introducing YUMMY!*
http://www.wicksterworldwide.com/Zensu_Public_Poles_Yummy.jpg

*Zensuality is ZEN’s adult oriented sim, a place to relax and have fun.*
http://www.wicksterworldwide.com/Zensuality_Waterfall.jpg

*Zensuality is PERFECT for your residential escape.*
http://www.wicksterworldwide.com/Zensuality_Cabana.jpg

*We have skill games, public dance poles and a nude beach.*
http://www.wicksterworldwide.com/Zensuality_Public_Beach.jpg

*We also affordable tiki villa rentals starting at L$75/day for 150 prims.*
http://www.wicksterworldwide.com/Rum_Run_Promo_Poster.jpg

*Zensuality is THE place to relax, refresh and recoup from all your daily stresses.*
http://www.wicksterworldwide.com/Zensuality_Promo_Poster.jpg

Explore the *adult* in you – no children allowed.
Zensuality – Dream Away 
http://slurl.com/secondlife/Zensuality/127/127/24
Feb 15th 2010, 19:40
Ashleigh Wade
Zhenya Zoning Real Estate Co. » I know one of you M$th#r F$&ck#ers has gots to be h*r$ny!
Re: I know one of you M$th#r F$&ck#ers has gots to be h*r$ny!

Edited by moderator Feb 15th 2010, 20:41
Hahahaha - well I needed to do something a little above and beyond to get attention ;)

Zensuality has really turned out nicely and just needs a little oomph to get the community solid. If you know any escorts who are looking for a place to call home this sim is perfect for them. Alternatively if you are looking for a peaceful, free and open beach environment for your home or small shop please check us out.

Please make sure to refer your friends, and join the Zensuality group for consistent updates.

I'll also bump that headline a little later this week if no one else does. ZEN has a lot going on this week.
Feb 23rd 2010, 19:43
Ashleigh Wade
Capital Exchange Archive » PHX : My Apologies
Re: My Apologies
;) lol
Feb 25th 2010, 10:42
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Zhenya Zoning Real Estate Company Acquires Sushi Valley
Zhenya Zoning Real Estate Company Acquires Sushi Valley
Zhenya Zoning Real Estate Company Acquires Sushi Valley

ZEN is pleased to announce that we have acquired the region of Sushi Valley from Pixelsage Guru. As many of you are aware, Sushi Valley has been a neighbor to the Ata Estate (Tamaqua, Tuscarora and Panther Valley) for years now, and Pixelsage has been a long time shareholder and supporter of this company. We are pleased to add this region to our diverse portfolio of regions.

ZEN Sushi Valley will continue to maintain an elegant ZEN-like Japanese theme and will have an identity separate from Ata, but will be marketed as a part of Ata (to promote continuity). Over time we will probably edge towards a more modern Japanese look, but will seek to maintain classical elements.

Sushi Valley will be marketed and promoted as residential, but we will not restrict commercial.

Please join us as we welcome Sushi Valley into the ZEN family.

As is typical with new acquisitions we will probably see some negative impact over this month and next month’s financials due various changes that result from a change in management. We will work very hard to minimize any impact, and any shareholder or investor who wishes to discuss this deal, our finances, our operations, or just take a tour of our estates are welcome to contact me or any of the ZEN staff at any time.

Kind Regards,
Ash
Feb 28th 2010, 08:11
Ashleigh Wade
Zhenya Zoning Real Estate Co. » With the issues @ hand....
Re: With the issues @ hand....
Thank you for this question.

I'll answer this a little later today, but I need to step out.

I would like to rephrase your question a bit. You should not be asking what can be done, you should be asking what has already been done.

Give me about 5 hours - I need to go into the city.

Feb 28th 2010, 12:16
Ashleigh Wade
Zhenya Zoning Real Estate Co. » With the issues @ hand....
Re: With the issues @ hand....

Edited by moderator Feb 28th 2010, 19:01
Thank you for the question. It’s something that we’ve been thinking about for a while.

Before I answer your inquiry, I should point out that there are fundamental differences between the DDE and CLH business models, and I don’t think I would group either of them in the same category of business, nor do I think they can cleanly be compared to ZEN (although DDE would be a much closer comparison for sure). Each of them has different approaches to business and history of operating in SL. I do think it’s fair for you to ask what you asked, and I get what you mean in a general sense. I appreciate the question and it’s been on my mind as well.

What distinguishes ZEN from the pack, and what will keep us from facing the same troubled waters as other “estate” companies?

To answer that question I will make two points:

1) We are just as vulnerable as DDE, or any other pure play estate company, to any downturn in that book of business.

2) ZEN is not an estate company. We are a community company who operates estates as part of our business model.

On the first point – Estate Vulnerability

Running an estate is like running an airline. It consumes all your time. People constantly complain. Competition constantly undercuts you. The margin is razor thin. The service is horrible, the work overwhelming and the regulator implements policy that hurts your business and makes conditions worse. We have 5 regions making up 3 estates. It wears me out, and I have a lot of help.

In this environment we would be foolish to think that any significant profit can be made from estate operations. It would not be wise to rely on this line of revenue for any sustainability or growth. However a well built estate is a useful tool to achieve the end of what we really seek to do, which is build community and monetize that.

ZEN Estate Operations has faced challenges over the last year and it’s been very tough at times, I’m not going to lie. However we gain knowledge from these challenges, and use that to our advantage. We seek to break even on each region and we price it that way (tier plus small overhead). Each region is modeled for a fair profit at 100%. The reality is that with turnover it hits just under break even each month (tier). It’s a lot of work to just maintain that, and we offer pretty good service. Honestly, I’m very happy to hit break even because that can be our only aim in this environment. Tier is just maintaining (arguable) assets to do what we really do.

Which brings me to the second point – ZEN is a community company.

ZEN will survive with 5 regions, 1 regions, or no regions. We are not at the point to consider reduction. However, the board has discussed tentative action plans to downsize, if needed as a last resort.

Our focus is on our community, which started in 2007 around a campfire. From there it has grown into 5 regions. Those roots birthed our motto – Bringing a Second life Community to Life!

When I was elected into office, and the new board installed in 2008, we wrote our vision and mission as:

VISION
We envision a virtual world community where your neighbor is your neighbor, and everyone has a home. A world where everyone can have fun, share in our common space, and enjoy a sense of camaraderie unparalleled in the metaverse.

MISSION
At Zhenya Zoning Real Estate Company, we work to ensure our clients, patrons and shareholders enjoy a meaningful metaverse experience by bringing the community to life, and providing opportunities & services unlike those provided anywhere else in the metaverse.

That is who we are. As you can see, the estate is just a means to the end of community building. ZEN 5th Avenue, ZEN Live!, ZENCIty, ZEN Chamber of Commerce and Business Services, Tamaqua, Panther Valley, The Enclave at Panther Valley, Tuscarora, Zensu Beach, Zensuality, Zensu Public Poles & Gaming, ZEN Gaming, AZ Homes, ZEN Merchandise – all of this is the community portion and our focus. Monetizing this is our future and will be the icing on the break even cake.

We can mix and match our tool box, but building strategic relationships is key to our success. The first action of the board was to start identifying ways to diversify revenue. We are a year into that and I’m pleased with some things and disappointed in others. However I have a good team and lots of support. I feel better now than this time last year.

That’s not to say we can’t lose our ass and regions tomorrow. It’s just not a reason for us to go out of business, as it’s not really our business.

In regards to the recent acquisition, I can’t really discuss the terms of the deal publicly other than to say it showed very little downside if it doesn’t work out. We are gracious to Pixel for this.

In short, you are stuck with us – with or without estates ;)

Please visit Tamaqua, Tuscarora, Panther Valley, Zensuality, or check out our new Sushi Valley. Join Zhenya Zoning Real Estate Company (ZEN), Zen Live!, or Zensuality groups for regular announcements.

Please let me know if you have any further questions.

All the best,
Ash
Mar 3rd 2010, 13:04
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Live! Kicks off 2010 Concert Season - Tonight @ 6PM SLT
ZEN Live! Kicks off 2010 Concert Season - Tonight @ 6PM SLT
From SL Enquirer:
http://slenquirer.com/default.asp?sourceid=&smenu=1&twindow=&mad=&sdetail=502&wpage=1&skeyword=&sidate=&ccat=&ccatm=&restate=&restatus=&reoption=&retype=&repmin=&repmax=&rebed=&rebath=&subname=&pform=&sc=3157&hn=slenquirer&he=.com

ZenLive opens for Spring Season March 3-Sharonna Spyker Reporting

Amid much excitement, new Media Manager Danica Sparta proudly announces the grand reopening of ZenLive on March 3 with Sorvea Perdide performing at 6pm and Kitty Zeddmore at 7pm.

"I am looking forward to this opportunity in assisting ZenLive truly shine, like the star venue that I always knew it was," said Sparta. "Opening our door and drawing the curtains tonight to all who have enjoyed the talent that has graced our stage before, will bring me much pleasure ."

Sparta is planning an exciting season that will include artists like Strum Diesel, Sorvea Perdide, Kitty Zeddmore, Misch Lameth, Rosedrop Rust, Lighthouse Mixmaster, and many more.

"Zenlive is the philanthropic arm of Zhenya Zoning Real Estate. We are a non-profit venue that strives to enhance the Second Life community," said Annabis Moody, Zen Chief Operating Officer."Our goals include providing a series of genuine live performances that may not otherwise be available."

Moody explained that the people at Zen realize the difficulties that independent musicians, film makers and artists may have in gaining exposure sometimes. Zen Live allows these artists to focus on what they do best--leaving the business aspects of the venue to the ZEN live staff and management.

"Through the generous support of people who want to promote these efforts we have been able to continue running," said Sparta."The costs of tier fees always put us at risk of closing so the generosity of our supporters is crucial to our continued existence."

Also planned on the ZenLive sight is a school for DJs and possibly two nights a week of live DJ performances using the most updated mixing technology.

"ZenLive has been promoting live music for almost three years now, and the future is looking brighter than ever," said Ashleigh Wade, Zen Chief Executive Officer.
Mar 3rd 2010, 13:06
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Live! Kicks off 2010 Concert Season - Tonight @ 6PM SLT
Re: ZEN Live! Kicks off 2010 Concert Season - Tonight @ 6PM SLT
ZENLive! SLURL:
http://slurl.com/secondlife/Tuscarora/155/170/23
Mar 8th 2010, 09:49
Ashleigh Wade
General Investment Discussion » Can I Get Your Thoughts Please
Re: Can I Get Your Thoughts Please
Interesting, and potentially lucrative. If you end up going through with the deal I have a region you can sell in :)

Without know the details of operations, my only hesitation is with IP issues. Someone is making the DVD you are selling and distributing, and are they being compensated for that?

Just make sure you cover your bases.

Mar 10th 2010, 07:02
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
Feb 2010

http://www.msgc.biz/zen/ZENS_BOOKS_FEB_PUBLISH_2010.xls
Mar 26th 2010, 10:26
Ashleigh Wade
General Investment Discussion » A blast from the past
Re: A blast from the past
Hmmm - I didn't have any shares in this one either, but I do remember it. Now that there is no records at ACE, who knows?

Here's the website:
http://ihighincome.com.sapo.pt/home.html

And I recall he tried to float IHI on SL Capex as well - here's that discussion:
http://www.slcapex.com/forums/topic/investments/2019

Hope that helps.
Apr 20th 2010, 15:05
Ashleigh Wade
Capital Exchange Archive » FED : Inisde Trades
Re: Inisde Trades
Everything should have sold down to the .51 order. What's puzzling is who would have sold 851 shares at .51? And why didn't I place an order at .52? Damn hindsight.
Apr 22nd 2010, 11:49
Ashleigh Wade
General Investment Discussion » Proposal for an Investor Symposium
Proposal for an Investor Symposium

Edited by moderator Apr 22nd 2010, 11:54
United we stand, divided we fall.

Putting aside our differences, I want to gather thoughts on interest in conducting an in-world multiday investor symposium. Based on the assumption that we each have value to add, I would like to gather thoughts on what YOU think a symposium of this sort should have as topics and curriculum.

I would like for this to be a cross exchange and multi company meeting of the minds:

So my questions are:
Would this interest you?
What would you like to see as topics?
What would you like to see as an outcome?

This has also been multi-threaded on each exchange at:
http://www.intlstockexchange.com/punbb/viewtopic.php?pid=15428#p15428
http://www.slcapex.com/forums/topic/general/2886
http://forums.vstex.net/index.php?topic=790.0
Apr 23rd 2010, 07:27
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting

Edited by moderator May 1st 2010, 11:27
Apr 25th 2010, 07:41
Ashleigh Wade
General Investment Discussion » Proposal for an Investor Symposium
Re: Proposal for an Investor Symposium
From from cross exchange development here's where we are:

It's clear to me now that we should focus on developing three tracks - the investor, the companies, and the exchanges.

Off the top of my head - Please add to this, or correct me:

The Investor:
Shareholders Bill of Rights
Investor Protections
Know Your Company
Finance 101 - or elements of how to read a statement

The Company:
Forming a more solid future - Succession Planning
The Board in SL
Marketing in SL
Avatar Resources - Finding the right people and attracting good talent.

The Exchange Track:
Sharing Resources - The Path to a New and Common Commuity through Cross Marketing.
Lindens and Us - Finding the right path and establishing new connections.
Standardizing Financials - Achieving a common way to see transparency on all the exchanges.
Cleaning Up deadweight - A discussion on disposing of the deadweight.
Shareholder Succession - Working with companies to identify solutions regarding equity transfer.

Now the exchange part is where I have an issue. Not ONE exchange figure has spoken. This is disappointing as I know they probably have things they wish we (companies and investors) would do differently, and we could use that to develop the exchange track.
Apr 26th 2010, 06:43
Ashleigh Wade
General Investment Discussion » Proposal for an Investor Symposium
Re: Proposal for an Investor Symposium

Edited by moderator Apr 26th 2010, 06:43
Fair enough Gents. Thank you for your response.

Thank you also Arnaud.

I now have a challenge for each of you.

I would like for you to find one (or more) of your friends whos has not been exposed to the market, have them register an account at any exchange and bring them into this conversation.

In addition, I want to welcome anyone left in the woodwork to step out behind that rock and say a word or two.

Focus on the questions:
What have you heard about the financial markets in SL?
What would interest and/or entice you to invest in the market?
What would you like to see on the agenda for a broad meeting of the SL Financial Markets in SL?
Apr 26th 2010, 18:28
Ashleigh Wade
General Investment Discussion » Proposal for an Investor Symposium
Re: Proposal for an Investor Symposium
I think we can all acknowledge that we've sat around and done nothing for too long.

Listen, we had new exchanges and new IPOs and all that. But frankly, in the history of these exchanges, we have never had a good ole sit down meeting. NEVER.

Why? WSE vs. AVIX, WSE vs. VCX, SLCX Vs. ACE, ACE vs. Everyone, so on so forth. Let's all remember how much Samantha and Intlibber were in love

But now, we have something new. No vs.

We have identified the issues. Now we just have to do it. The consensus is already here.

This is a great time to sit down and have a convention to discuss issues. This will, at a minimum, be a way to get new investors involved and at a maximum be a way to make some positive changes. All else fails we will have a some chances to make some great press and get the word out.

We can also make this a marketing Bonanza. Here's the deal, I can't do this myself. I need resources.

I propose the following:

We set the meeting at least a month or two out.

We divide up the agenda and ask for a Group, an Investor, a Company, or an exchange to host a lecture or conversation respectively on each item in each track.

I will use funds from the Ford Edeman Trust to fund an event/meeting planner. I would ask that Mystic work with me on hiring one.

I would like to have a committee work on organizing the tracks and developing an agenda.

Can anyone think of anything else I am missing?
Apr 30th 2010, 13:23
Ashleigh Wade
Capital Exchange Suggestions » System Updates
Re: System Updates
Hmmmm would indexing be possible...A CAPX composite index?

Don't foget the Ford Edelman AMP& AMP& in the forums ;)
May 1st 2010, 11:25
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting
YTD April 2010:
http://www.wicksterworldwide.com/FED_1Q_and_April_2010_Publish.xls
May 1st 2010, 11:52
Ashleigh Wade
Capital Exchange Archive » FED : FED Dividend History - May 2008 to Date
FED Dividend History - May 2008 to Date

Edited by moderator Sep 7th 2010, 09:00
May 1st 2010, 12:21
Ashleigh Wade
Capital Exchange Archive » FED : Holdings Disclosure - Ashleigh Wade
Re: Holdings Disclosure - Ashleigh Wade

Edited by moderator May 1st 2010, 12:22
As of Saturday, May 1, 2010 at 3:18 PM EST, the following is the break out of FED shares held under Ashleigh Wade.

Ashleigh Wade Personal
(Purchased by A. Wade + 2,242 shares from inheritance)

FED Ford Edelman & Co. 117,862

---------

Ford Edelman Capital
(Treasury not held in Holding Avatar)

FED Ford Edelman & Co. 2,000

---------

Ford Edelman Employee Fund
(A. Wade inheritance, set aside to fund employees, shares voted by A. Wade unless re-allocated to compensate employees)

FED Ford Edelman & Co. 153,517

--------

Ford Edelman Trust
(A. Wade inheritance, set aside in perpetuity under private trust for Ford Edelman, voted and managed by A. Wade unless Ford returns, funds Edelman Center for better SL Corporate Governance)

FED Ford Edelman & Co. 301,492*

*There was a reduction of total FED shares in the trust during the 1st Quarter due to a transaction with ETF. Please note - this is a private trust and no further disclosure is required.
May 2nd 2010, 05:33
Ashleigh Wade
General Investment Discussion » ATM ???
Re: ATM ???

Edited by moderator May 2nd 2010, 05:35
Did you file a support ticket? If you haven't then its under "Help" at the very right of the top menu of the website.
May 4th 2010, 08:31
Ashleigh Wade
Capital Exchange » Financials
Re: Financials
Who is responsible for reporting the SLCX #s? In order for there to be any sort of merger we need to have an idea of the shape of each exchange.

It's been a really long time. So can I ask that, at a bare minimum, we capture a balance sheet snapshot of SLCX at end of April 2010 so we have some sort of baseline for going foward?
May 10th 2010, 21:19
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials

Edited by moderator May 13th 2010, 06:36
April 2010

http://www.msgc.biz/zen/ZENS_BOOKS_APR_PUBLISH_2010.xls
May 11th 2010, 20:21
Ashleigh Wade
Zhenya Zoning Real Estate Co. » A Message from the CEO of ZEN to Shareholder and the Public
A Message from the CEO of ZEN to Shareholder and the Public

Edited by moderator May 11th 2010, 20:23
Dear Shareholders,

Hi there. Wow, it’s been a while since I’ve written you guys in any substantial form.

So let’s talk about what is going on. I have to be honest, it’s a mixed bag. But in managing estates it always is.

I’ve been taking some time to look back on the history of ZEN. In September 2008, when I was hired as ZEN CEO, we had 4 Sims – Panther Valley, Tamaqua, Tuscarora and Blue Mountain. Since then we have worked to diversify our revenue, restructured one region, and acquired 1 additional region and 1 homestead. All-in-All since the new board was installed in 2008 we have churned about $L6.5 Million in revenue. The insane part is L$6.3 Million of that went to pay LL tier. That means LL has made ~$24,600 USD off of us – how sick is that? The balance has gone into restructuring, acquisitions and operating expenses, and overall our profit/loss results have varied. During that time we have watched our competitors fall like dominos. Sometimes it feels that we are the last of a dying breed. But we have strived to adapt and survive. And we do.

After all that, we turned a profit last month. Considering that our core earnings depend on estate revenue I have to say that I am proud. When I took office in Sept/Oct 2008 I didn’t know what I was really getting into. The lessons I’ve learned from this company are immense.

I’ve often said that running an estate company is akin to running an airline. There is no margin, the service sucks, and you are at the mercy of a regulator who enacts policy that undercuts your business while the market is oversaturated with competition.

But we are still here. And that is because ZEN rocks.

Our investors are with us because they believe in us, they realize our potential and they see how much we care. Our clients are top notch and we maintain a loyal customer base through unmatched SL service. We increase equity and we increase community. Our mission is long term, and although we can’t always return it in dividends, I can truly say that when you own a share of ZEN you know that you own something.

Our financials are being reviewed by Arnaud and will be finalized in the next few days.

We WILL be declaring a dividend this month, of L$.01 per share ;)

In return, we ask that you visit us and refer us when you can so we can build our business together.

If you are an investor and you haven’t seen our offering you should be embarrassed.

I look forward to seeing you in ZEN.

Tamaqua – Urban Shopping Paradise
http://maps.secondlife.com/secondlife/Tamaqua/78/123/23

Panther Valley – Urban Mixed Commercial/Residential
http://maps.secondlife.com/secondlife/Panther%20Valley/154/123/22

Tuscarora - Urban Mixed Commercial/Residential
http://maps.secondlife.com/secondlife/Tuscarora/154/121/23

Sushi Valley – Asian Zen Paradise with an Urban Backdrop
http://maps.secondlife.com/secondlife/Sushi%20Valley/164/153/22

Zensuality - ADULT – For the naughty in you
http://maps.secondlife.com/secondlife/Zensuality/124/127/21


On behalf of Zhenya Zoning Real Estate Company, I thank you,
Ash Wade
May 12th 2010, 18:55
Ashleigh Wade
Zhenya Zoning Real Estate Co. » A Message from the CEO of ZEN to Shareholder and the Public
Re: A Message from the CEO of ZEN to Shareholder and the Public
Not at all - what Zal is referring to is Sushi Valley and Southampton Bay. We have public waterways and fishing :)

May 12th 2010, 20:04
Ashleigh Wade
Zhenya Zoning Real Estate Co. » A Re-Introduction to Tamaqua
A Re-Introduction to Tamaqua
Over the next few days I would like to overview our community so you can see and understand the amazing things we have going on at ZEN.

I am going to start tonight with Tamaqua, our first, oldest, and heart of the ZEN community.

http://www.flickr.com/photos/zen_world/4603059672/

http://www.flickr.com/photos/zen_world/4603059182/

Tamaqua was founded in June 2007 after our IPO. Since that time, it has grown into an urban legend in SL.

Through the efforts of our ZEN 5th Avenue shopping district initiative and the tireless attention of our close business partner Strider Messmer, Tamaqua has grown to include some of the most amazing merchants, such as Gabrielle Maktoum, and fantastic designs by designers such as:

Elisea Carter of Gold in the Night

Traveller Bade of Sartoria and Dirty Hands

maizon rayna of Terra d' Umbra

Abia Capalini of Abia Capalini Designs

Glasz DeCuir of Timmy Pret-a-Porter

JD Hansen of JCNY

RFB Morpork of Paris Metro - 5th Ave

and that’s just a few…

Tamqua is true fashion center. Please make sure to visit, shop and enjoy our public spaces such as Central Park, or take a ride on the ferris wheel at the ZEN City Boardwalk.

Enjoy!

http://maps.secondlife.com/secondlife/Tamaqua/78/123/23

Ash
May 13th 2010, 06:36
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
April 2010

http://www.msgc.biz/zen/ZENS_BOOKS_APR_PUBLISH_2010.xls
May 21st 2010, 09:42
Ashleigh Wade
Capital Exchange Archive » FED : FED formally welcomes Andy Grant to the team.
FED formally welcomes Andy Grant to the team.
As many of you know, Andy has been helping me rethink the way we do business at FED. Some of you may or may not be aware of Andy's skill at developing games.

Today I am pleased to announce that, building on the relationship announced many months ago, we have formally retained Andy.

For this retainer I will be compensating Andy with shares from the Ford Edelman Employee Fund, a sub account I created when I executed Ford Edelman's will. This fund is a private fund of shares already in existence, and will not affect the total shares outstanding in any way.

The final deal was agreed to as follows:
------------------------------------------------------
FED Deal Memo

Andy Grant to receive 50,000 shares from the FED Employee Fund, a private fund administered by Ashleigh Wade to the benefit of Ford Edelman & Co.

The shares will be issued in two transactions, one half on Friday, May 21, 2010 and one half on Friday, May 28, 2010.

Both transactions will occur "in market" to ensure full accountability. The shares will be kept in a personal sub account under Andy Grant, separate from RA’s holdings.

The share grant represents the following:
- Retainer as Chief Innovation Officer
- Retainer for [Undisclosed] Game Project
- Retainer for oversight and work on DoubleTeam Revamp Project

All shares will be the full possession of Andy Grant at the time of transfer and he is entitled to full ownership rights.

As a condition to retain Andy's interest in FED, but allow him to continue his market making interests, we have agreed to the following:
-60% of the share grant is subject to a 1 year lock up from Friday, May 28, 2010.
-40% of the share grant will be Andy's to facilitate trading and free from any sales restrictions whatsoever.
-------------------------------------------------------

We welcome Andy aboard (formally) and look forward to the next few months of development.

In addition, we will be seeking to fill the balance of our board and reaching out to candidates over the next few weeks.

Thank you. I look forward to telling you more as events warrant.

Ash Wade
May 29th 2010, 11:40
Ashleigh Wade
Capital Exchange Archive » FED : FED formally welcomes Andy Grant to the team.
Re: FED formally welcomes Andy Grant to the team.
This will confirm the transfers have been completed as follows:

From:
Ford Edelman Employee Fund (sub account of Ashleigh Wade, Privately Held Fund to the benefit Ford Edelman & Co.)
http://www.slcapex.com/forums/topic/FED/2838

To:
Andy Grant Personal Account

.:First Transaction:.
2010-05-21 07:59:39 Sell -25000 1.60 128517

.:Second Transaction:.
(A day late – Sorry Andy)
2010-05-29 09:49:07 Sell -25000 1.37 103517

We look forward to telling you more as events develop. Off to work...
Jun 3rd 2010, 09:08
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting
YTD May 2010:
http://www.wicksterworldwide.com/FED_YTD_May_2010_Publish.xls
Jun 3rd 2010, 09:38
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Save the Date! - ZEN Live!'s Kick Off to Summer - June 10, 2010
Save the Date! - ZEN Live!'s Kick Off to Summer - June 10, 2010
Join us on Thursday, June 10, 2010 at ZEN Live! for our Summer Kick-Off Pool Party:

http://www.flickr.com/photos/zen_world/4666791958/

What:
ZEN Live!'s Summer Kick-Off Pool Party

When:
Thursday, June 10, 2010 6-8PM SLT

Where:
Tuscarora 151,137,22 http://maps.secondlife.com/secondlife/Tuscarora/151/137/22

Save the date! We will have swimming, prizes, contests and music.

Jun 30th 2010, 18:52
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
May 2010

http://www.msgc.biz/zen/ZENS_BOOKS_MAY_PUBLISH_2010.xls
Jul 11th 2010, 02:59
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting

Edited by moderator Jul 13th 2010, 18:42
YTD June 2010:
http://www.wicksterworldwide.com/FED_YTD_June_2010_Publish.xls
Jul 11th 2010, 03:00
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials

Edited by moderator Aug 10th 2010, 06:38
June 2010:

http://www.msgc.biz/zen/ZENS_BOOKS_JUN_PUBLISH_2010.xls
Aug 1st 2010, 23:12
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials

Edited by moderator Aug 10th 2010, 06:38
July 2010:

http://www.msgc.biz/zen/ZENS_BOOKS_JUL_PUBLISH_2010.xls
Aug 18th 2010, 18:58
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting

Edited by moderator Sep 7th 2010, 08:55
YTD July 2010:

Reported within YTD August.
Sep 7th 2010, 15:56
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting
YTD August 2010:
http://www.wicksterworldwide.com/FED_YTD_August_2010_Publish.xls
Sep 7th 2010, 16:01
Ashleigh Wade
Capital Exchange Archive » FED : FED Dividend History - May 2008 to Date
Re: FED Dividend History - May 2008 to Date

Edited by moderator Nov 7th 2010, 05:11
Sep 18th 2010, 04:13
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Current Parcel Openings :)
Current Parcel Openings :)

Edited by moderator Sep 17th 2010, 21:15
City of Ata -
--------------------------------------------------------------------
Tuscarora 9 Parcels Open
--------------------------------------------------------------------

1408 sqm with 354 prims L$598/wk - Parcel Ocean View
http://slurl.com/secondlife/Tuscarora/85/233/23

1408 sqm with 354 prims L$598/wk - Parcel Ocean Side
http://slurl.com/secondlife/Tuscarora/126/231/22

768 sqm with 193 prims L$326/wk - Parcel DuChamp
http://slurl.com/secondlife/Tuscarora/17/243/23

512 sqm with 129 prims L$218/wk - Parcel Archangel
http://slurl.com/secondlife/Tuscarora/37/249/23

576 sqm with 144 prims L$274/wk - Parcel Banana Square
http://slurl.com/secondlife/Tuscarora/146/166/23

672 sqm with 168 prims L$286/wk - Parcel Strawberry Field
http://slurl.com/secondlife/Tuscarora/165/165/23

1024 sqm with 257 prims L$435/wk - Parcel Carter
http://slurl.com/secondlife/Tuscarora/110/18/23

2080 sqm with 524 prims L$884/wk - Parcel Hazelnut
http://slurl.com/secondlife/Tuscarora/167/25/23

2288 sqm with 575 prims L$972/wk - Parcel Carter's Landing
http://slurl.com/secondlife/Tuscarora/168/66/23

--------------------------------------------------------------------
Sushi Valley 10 Parcels Open
--------------------------------------------------------------------

3072 sqm with 844 prims L$1459/wk - Parcel Chelsea
http://slurl.com/secondlife/Sushi%20Valley/207/223/22

1344 sqm with 368 prims L$638/wk - Parcel Standard
http://slurl.com/secondlife/Sushi%20Valley/172/218/23

3360 sqm with 923 prims L$1596/wk - Parcel Kuroi Hasu
http://slurl.com/secondlife/Sushi%20Valley/38/43/23

3360 sqm with 923 prims L$1596/wk - Parcel Haruko
http://slurl.com/secondlife/Sushi%20Valley/87/77/23

3360 sqm with 923 prims L$1596/wk - Parcel Fukkai
http://slurl.com/secondlife/Sushi%20Valley/91/48/23

1488 sqm with 408 prims L$707/wk - Parcel Togchi
http://slurl.com/secondlife/Sushi%20Valley/166/68/23

3584 sqm with 984 prims L$1702/wk - Parcel Yamanshi
http://slurl.com/secondlife/Sushi%20Valley/170/39/23

3568 sqm with 979 prims L$16955/wk - Parcel Ibaraki
http://slurl.com/secondlife/Sushi%20Valley/231/96/23

640 sqm with 175 prims L$304/wk - Parcel Miyagi
http://slurl.com/secondlife/Sushi%20Valley/229/175/23

1536 sqm with 421 prims L$730/wk - Parcel Ishikawa
http://slurl.com/secondlife/Sushi%20Valley/228/153/23

--------------------------------------------------------------------
Panther Valley 9 Parcel Open
--------------------------------------------------------------------
1520 sqm with 416 prims L$722/wk - Parcel Owl Creek
http://slurl.com/secondlife/Panther%20Valley/215/96/25

1920 sqm with 527 prims L$912/wk - Parcel Sara
http://slurl.com/secondlife/Panther%20Valley/215/63/26

2112 sqm with 580 prims L$1003/wk - Parcel Villota
http://slurl.com/secondlife/Panther%20Valley/178/28/25

1728 sqm with 474 prims L$821/wk - Parcel Haroldsen
http://slurl.com/secondlife/Panther%20Valley/180/59/25

896 sqm with 246 prims L$426/wk - Parcel Blakeslee
http://slurl.com/secondlife/Panther%20Valley/122/18/28

784 sqm with 215 prims L$372/wk - Parcel Mahoning
http://slurl.com/secondlife/Panther%20Valley/96/20/28

2080 sqm with 571 prims L$988/wk - Parcel Loyalsock
http://slurl.com/secondlife/Panther%20Valley/145/217/22

1600 sqm with 439 prims L$760/wk - Parcel Freeland
http://slurl.com/secondlife/Panther%20Valley/179/216/22

3408 sqm with 936 prims L$1619/wk - Parcel Raven
http://slurl.com/secondlife/Panther%20Valley/222/220/21

Zensuality - Adult
--------------------------------------------------------------------
Zensuality 3 Parcels Open (Adult Sim)
--------------------------------------------------------------------

1856 sqm with 509 prims L$882/wk - Parcel Mustique
http://slurl.com/secondlife/Zensuality/140/57/21

1024 sqm with 281 prims L$486/wk - Parcel Bermuda
http://slurl.com/secondlife/Zensuality/154/85/21

2880 sqm with 791 prims L$1368/wk - Parcel St. Lucia
http://slurl.com/secondlife/Zensuality/105/55/21
Sep 18th 2010, 04:16
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials

Edited by moderator Nov 9th 2010, 04:24
Oct 8th 2010, 13:12
Ashleigh Wade
General Investment Discussion » SL Investor Symposium Planning
SL Investor Symposium Planning

Edited by moderator Oct 8th 2010, 06:46
This Saturday, October 9 we invite you to put politics and differences aside to join us in a dicussion to benefit the whole community.

What?
SL Investor Symposium Brainstorming Session

Where?
ZEN Town Hall @ The New ZEN HQ
http://maps.secondlife.com/secondlife/Tamaqua/155/101/34

When?
Saturday, October 9 at 4PM SLT

The session will be led by Carter Allegrant and Ashleigh Wade. We would like to invite EVERYONE, regardless of status, affiliation or personal bias for one another, to join us in a meeting of the minds to the benefit of us all.

Our goal is to lay out a framework for planning a large scale meeting, or series of meetings, and develop the following agenda and tracks:

The Investor:
Shareholders Bill of Rights
Investor Protections
Know Your Company - Investor Education
Finance 101 - or elements of how to read a statement
Working in a Multi-Language World

The Company:
Forming a more solid future - Succession Planning
The Board in SL
Marketing in SL
Avatar Resources - Finding the right people and attracting good talent.
What makes a "good" company in SL?

The Exchange Track:
Sharing Resources - The Path to a New and Common Commuity through Cross Marketing.
Lindens and Us - Finding the right path and establishing new connections.
Standardizing Financials - Achieving a common way to see transparency on all the exchanges.
Cleaning Up deadweight - A discussion on disposing of the deadweight.
Shareholder Succession - Working with companies to identify solutions regarding equity transfer.

We look forward to seeing you.

“A community is like a ship; everyone ought to be prepared to take the helm.”
- Henrik Ibsen
Oct 27th 2010, 16:43
Ashleigh Wade
MiLOS Designs » MiLOS Designs - Exit Strategy
Re: MiLOS Designs - Exit Strategy

Edited by moderator Oct 27th 2010, 09:57
Just an FYI, ZEN has plenty of prime commercial land available, which neighbor lots of very established merchants, all in a beautiful urban setting.

The same 2592m2 would run L$1231/week, carry a 20% prim bonus and not be subject to issues of mainland (for instance, we provide active region management, themed development and have the ability to restart a region that is displaying issues, along with concierge level support if it really goes to hell). In addition, we will cut and tailor land to fit your budget/prim/m2 needs.

Sorry, its not a knock against you Scott (you know I have much love for you), I'm just more voicing frustration that no one tosses out ZEN, one of the last publically owned estate companies in SL, as a viable option when we are sitting right next door.

I think you should stay in biz Milos :)
Oct 27th 2010, 16:46
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting

Edited by moderator Nov 7th 2010, 05:25
YTD SEPT 2010:

Reported in YTD October.
Oct 27th 2010, 17:00
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials

Edited by moderator Nov 9th 2010, 04:24
Oct 28th 2010, 01:28
Ashleigh Wade
MiLOS Designs » MiLOS Designs - Exit Strategy
Re: MiLOS Designs - Exit Strategy
I know I know, in actuality the money trickles back to NIC anyway ;) It's all in the family.

I think the overarching theme though is that we all want a Milos Designs in our future!
Nov 7th 2010, 13:10
Ashleigh Wade
Capital Exchange Archive » FED : FED Dividend History - May 2008 to Date
Re: FED Dividend History - May 2008 to Date
On May 28, 2008 we commenced trading on ACE after our IPO and trading on WSE since late 2006/early 2007.

Unfortunately all data prior to May 2008 was lost with WSE.

This is a comprehensive dividend history from May 2008 forward.

ACE
Date-Dividend Amount-Number of Shares-Dividend Per Share
5/31/2008 11:44-$30,000-997812-0.03
6/17/2008 0:34-$10,000-997812-0.01
7/14/2008 0:01-$10,000-997812-0.01
8/10/2008 23:54-$10,000-997812-0.01
9/13/2008 16:14-$10,000-997812-0.01
10/14/2008 7:37-$10,000-997812-0.01
11/18/2008 7:25-$10,000-997812-0.01
12/12/2008 20:47-$10,000-997812-0.01
1/17/2009 1:46-$10,000-997812-0.01
2/21/2009 9:09-$10,000-997812-0.01
3/28/2009 11:42-$10,000-997812-0.01
4/30/2009 23:18-$10,000-997812-0.01
5/9/2009 10:16-$10,000-997812-0.01
6/27/2009 23:38-$10,000-997812-0.01
7/22/2009 22:27-$10,000-997812-0.01
8/12/2009 10:51-$66,957-997812-0.07
8/14/2009 9:26-$10,000-997812-0.01
9/1/2009 11:21-$10,000-997812-0.01
10/1/2009 10:55-$10,000-997812-0.01
11/9/2009 9:02-$10,000-997812-0.01

ACE Totals L$276,957 or 0.28 per share.

SLCAPEX
Date-Dividend Amount-Number of Shares-Dividend Per Share
12/15/2009 7:00-$10,000-1000000-0.01
1/2/2010 7:49-$10,000-1000000-0.01
2/9/2010 13:26-$10,000-1000000-0.01
3/3/2010 9:01-$10,000-1000000-0.01
4/10/2010 8:44-$10,000-1000000-0.01
5/1/2010 13:57-$20,000-1000000-0.02
6/3/2010 9:10-$10000-1000000-0.01
7/31/2010 (Aug 1)2:12-$10000-1000000-0.01
8/17/2010 3:00-$10000-1000000-0.01
9/7/2010 14:41-$10000-1000000-0.01
10/8/2010 3:32-$10000-1000000-0.01
11/7/2010 13:03-$10000-1000000-0.01

SL Capex Totals L$130,000 or 0.13 per share.

In total, shareholders have realized L$406,957 or 0.40 per share since May 2008.
Nov 7th 2010, 13:25
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting

Edited by moderator Nov 7th 2010, 05:26
YTD OCT 2010:

http://www.wicksterworldwide.com/FED_YTD_OCTOBER_2010.xls
Nov 11th 2010, 20:48
Ashleigh Wade
Zhenya Zoning Real Estate Co. » The sale of Sushi Valley
Re: The sale of Sushi Valley

Edited by moderator Nov 11th 2010, 14:29
Hi Minxminnie,

I hope all is well. Sushi Valley has not been sold and is still property (liability) of ZEN.

I think you may be referring to our recent lease of the full region to Flanagan Contracting. The principal of FC, McChris Flanagan, is currently paying us tier. We do still own and are in ultimate control of the region (the owner is still our holding alt), but it has been remodeled and repurposed in connection to the full lease to Flanagan, and FC is the active manager. McChris also serves as ZEN’s Chief Build Officer and is one of our most trusted and valued employees.

The purpose of this move was to:
*Relieve ZEN of day-to-day management of this region.
*Provide a baseline to meet tier in a region that has averaged only 60% capacity since acquisition.

The timing of your note is impeccable though. I think everyone here knows that the land business is in the tank. It’s quite apparent and has been for some time. There is gross overcapacity of land across LL.

As a result, we ARE seeing an impact, and we ARE taking proactive measures to reduce our overhead (currently L$5.2 million in annual tier payments to LL), stabilize the core business and position ourselves into a profitable venture.

More news on that front will be forthcoming as we are literally planning our course of action as I write. Specific to shareholders, road shows will be planned to review our past and examine our future in late November/early December.

In closing, I want to highlight that selling a region in today’s environment does not typically net tangible profit. There are simply too many sellers and not enough buyers. Any “reselling” of a region today will most likely result just covering tier and transfer fees, without much left over. So, in our case, an end game of reselling a region will primarily be to reduce tier obligation, not to net profit. With all that said, it is our mission to maximize any value we can realize out of a region.

I hope I’ve answered your questions satisfactorily. You will see more information on our ongoing transformation in due course.

Kind Regards,

Ash
Nov 24th 2010, 03:38
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN mourns the passing of our COO
ZEN mourns the passing of our COO

Edited by moderator Nov 23rd 2010, 19:43
It’s with great sadness that we mourn the passing of our Chief Operating Officer, Annabis Moody/Sharonna Spyker, who was Anne Cunningham in RL. Today she lost her bout with lung cancer.

Annabis was our heart, our soul and our first employee. She sat with Zal by the campfire, she assisted Ash in envisioning what ZEN could be, and she lead the execution of our vision – by being our community leader. She lived and breathed this company. The value of her impact is unquantifiable.

We love you, Annabis. May you rest in peace.

Zhenya Zoning Real Estate Company
McChris Flanagan | YummySarra Genesis | Zaldar Rhode | Danica Sparta | Ashleigh Wade
Dec 17th 2010, 02:24
Ashleigh Wade
Capital Exchange Archive » FED : Holdings Disclosure - Ashleigh Wade
Re: Holdings Disclosure - Ashleigh Wade

Edited by moderator Dec 16th 2010, 18:25
As of Thursday, December 16, 2010 at 9:19 PM EST, the following is the break out of FED shares held under Ashleigh Wade.

Ashleigh Wade Personal
(Purchased by A. Wade + 2,242 shares from inheritance)

FED Ford Edelman & Co. 125,000

---------

Ford Edelman Capital
(Treasury not held in Holding Avatar)

FED Ford Edelman & Co. 2,000

---------

Ford Edelman Employee Fund
(A. Wade inheritance, set aside to fund employees, shares voted by A. Wade unless re-allocated to compensate employees)

FED Ford Edelman & Co. 103,517*

*There was a reduction of total FED shares in the employee fund due to a share grant of 50,000 shares to Andy Grant which occurred at the end of May 2010.

--------

Ford Edelman Trust
(A. Wade inheritance, set aside in perpetuity under private trust for Ford Edelman, voted and managed by A. Wade unless Ford returns, funds Edelman Center for better SL Corporate Governance)

FED Ford Edelman & Co. 302,000
Dec 20th 2010, 07:02
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
ZEN YTD NOVEMBER 2010 - Covers all prior reporting periods.

http://www.impeccablyzen.com/ZEN_2010_Financial_Reporting_YTD_NOV.xls
Jan 23rd 2011, 20:31
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN 2011 Prospectus Filing
ZEN 2011 Prospectus Filing

Edited by moderator Jan 23rd 2011, 20:32
ZEN: Zhenya Zoning Real Estate
Bringing a Second Life Community to Life!

Total shares: 2,715,000

Prospectus

Company Tagline
Bringing a Second Life Community to Life!

CEO's Real Life Name
SL: Ashleigh Wade, RL: Chadrick Turbyfill

CEO's Real Life Location
New York, NY, USA

Board of Directors
2011 Board of Directors
Zaldar Rhode, Chairman, Member of the Management Board
Ashleigh Wade, Vice-Chairman, Member of the Management Board
McChris Flanagan, Executive Director, Member of the Management Board
Danica Sparta, Executive Director, Member of the Management Board
YummySarra Genesis, Executive Director, Member of the Management Board
Gabrielle Maktoum, Non-Executive Director
Arnaud Villota, Alumni Director

Zhenya Zoning Real Estate Company is governed by a dual board system, consisting of a supervisory board and a management board.

*Supervisory Board*
The supervisory board is charged with overall oversight of the company.
The supervisory board:
-will be required to meet a minimum of at least once each calendar quarter (in private).
-will be elected at the beginning of each year.
-will appoint officers of the company.
-will consist of members nominated by the top two shareholders of the company.
-will have no fewer than five, but no larger than eleven, seats.
-will hold votes on an equity basis (that is, majority shares wins.)

*Management Board*
The management board is charged with oversight of company operations.
The management board:
-will consist of officers and key employees appointed (and removed) by the supervisory board at will.
-will serve to govern day-to-day estate matters.
-will meet once weekly.
-will vote on a one seat, one vote basis.

Cash on hand
92000

Land owned
327660

Tangible Assets
0

Monthly Income
450000

Monthly Expenses
434500

Bringing a Second Life Community to Life!
Zhenya Zoning Real Estate Company (ZEN) focuses on creating fun and community. ZEN one of the oldest remaining estate oriented public companies operating in Linden Lab’s Second Life.

Founded in 2006 as AZ Homes, ZEN went public in June 2007 has evolved to become a community oriented company. We operate two themed estates, our City of Ata – an urban experience and Zensuality – an adult themed tropical island.

We also engage in community promotion, marketing services, consulting services and whatever we can do to pay the bills ;)

We hope to see you soon, and appreciate your interest in our company.

Business Strategy
Vision & Mission

We envision a virtual world community where your neighbor is your neighbor, and everyone has a home. A world where everyone can have fun, share in our common space, and enjoy a sense of camaraderie unparalleled in the metaverse.

At Zhenya Zoning Real Estate Company, we work to ensure our clients, patrons and shareholders enjoy a meaningful metaverse experience by bringing the community to life, and providing opportunities, products and services unlike those provided anywhere else in the metaverse.

Business Strengths
-Established long term track record of operating in Second Life.
-Proven ability to adapt and overcome challenges presented in a notoriously difficult marketplace.

Use of Capital
We do not seek capital in this prospectus update.

Risk Factors
Our primary risk is the hyper volatility of Second Life land market conditions.

No investment in SL is 100% safe by any means. Period. YOU CAN LOSE CAPITAL INVESTED.

ZEN seeks to mitigate and/or address any identifiable risk to the best of our ability through our policies and practices, however we are not all seeing, all knowing, and we cannot control everything. We value our shareholders and act in a manner to best protect their interests.

If any world government, or SL, intervenes in SL investing, we will become a private partnership and our investment systems will be manually administered.

Management
See information presented under “Board of Directors” above.
Jan 30th 2011, 16:03
Ashleigh Wade
Zhenya Zoning Real Estate Co. » 2011 Investor Overview
2011 Investor Overview
Shareholders,

The ZEN 2011 Investor Overview can be downloaded at:
http://www.impeccablyzen.com/ZEN_2011_Investor_Overview.pdf

Kind Regards,
Ash
Jan 30th 2011, 16:12
Ashleigh Wade
Capital Exchange Archive » FED : 2011 Investor Overview
2011 Investor Overview
Shareholders,

The 2011 Investor Overview can be found here:
http://www.fordedelman.com/Ford_Edelman_2011_Investor_Overview.pdf

Kind Regards,
Ash
Jan 31st 2011, 11:52
Ashleigh Wade
Capital Exchange Archive » FED : 2011 Investor Overview
Re: 2011 Investor Overview
If I have anything to do with it sales will pick up beyond the current level.

On tap for 2011:
- Renovation/Relaunch of Double Team
- Completion/Launch of New Skill Game Project (Delayed because of changes in LL's "skill" definition surrounding this project/product.)
- Kick up of Media/Marketing Consulative Services

I don't forsee anything affecting the current revenue levels in a negative way, so it's really only getting everything together and pushing through to the other side.

Best,
Ash
Jan 31st 2011, 18:30
Ashleigh Wade
Capital Exchange Archive » FED : 2011 Investor Overview
Re: 2011 Investor Overview

Edited by moderator Jan 31st 2011, 18:30
Hi Legolas,

It’s nice to see you.

I apologize about the financials. I should have updated by now. They've actually been done for some time. Here’s the link (and I’ve also updated the financial posting):

http://www.fordedelman.com/FED_FULL_YEAR_2010.xls
Jan 31st 2011, 18:32
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting
FULL YEAR 2010:

http://www.fordedelman.com/FED_FULL_YEAR_2010.xls
Feb 1st 2011, 09:50
Ashleigh Wade
Capital Exchange Suggestions » SLCapEx Suggestions
Re: SLCapEx Suggestions

Edited by moderator Feb 1st 2011, 09:53
If simple, I would like to request the ability to embed picture files in the forums.

There are a gazillion pictures and promos I would love to share with people and as is I can only point to a link hosted somewhere else. Embedding the picture in the post would be a nice feature.

For an example where this might come in handy see:
http://www.slcapex.com/forums/topic/ZEN/2903
or
http://www.slcapex.com/forums/topic/ZEN/2852
Feb 3rd 2011, 17:33
Ashleigh Wade
Capital Exchange Archive » VPAY : Major VPAY Announcement Forthcoming
Re: Major VPAY Announcement Forthcoming

Edited by moderator Feb 3rd 2011, 18:24
I just want to take a moment to second Skip’s comments, and publically welcome Skip.

In a little over 2 weeks he has broken a log jam that has lasted for over 2 years. We, as a community, have a great momentum going. I look forward to building on that momentum.

From my perspective, in addition to what he noted, Skip has:

-Consolidated a fractured capital market into a potentially lucrative cohesive marketplace, through a series of mergers and buy-ins that many thought was just not possible.

-Generated interest in a community that sorely needs attention.

-Shown dedication to getting a job done, and doing just that.

-Set clear goals and objectives.

-Communicated clear expectations of the listed companies, with follow ups through both SL and RL contact.

-Created an exchange with listings chock full of the best thought leaders and market participants still existing in SL through buy in and personal communication.

-Inspired the CEOs and Managing Directors of all public companies to communicate and work together.

-Challenged us all to help in this success.

I can understand the justified impatience of the VPay investors. But frankly, Skip is just the right medicine this place needs; an engaged leader who inspires engagement in others and is driven to get things done. The energy of this place is changing.

From what I’ve seen (and experienced) so far, I have no doubt that he is prodding your CEO behind the scenes regarding his plans with this company.

I agree, we are off to a great start. The real challenge lies ahead, and I think Skip is the right guy for the job.
Feb 4th 2011, 10:16
Ashleigh Wade
Capital Exchange Suggestions » SLCapEx Suggestions
Re: SLCapEx Suggestions

Edited by moderator Feb 4th 2011, 10:18
Just a side note as the news cycle picks up, it would be nice to have a link to see the historical "system announcements". Once they leave the front page on the site its a manual hassle to locate the old ones, as "system announcement" is not a company and therefore doesnt' have a company announcement page. This was a pretty easy fix on the ACE platform.
Feb 6th 2011, 15:38
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Zhenya Zoning Real Estate Company (ZEN) and MiLOS Designs (MLS)
Zhenya Zoning Real Estate Company (ZEN) and MiLOS Designs (MLS) announce innovat

Edited by moderator Feb 6th 2011, 15:39
Zhenya Zoning Real Estate Company (ZEN) and MiLOS Designs (MLS) announce innovative partnership.

The City of Ata (Tamaqua 94, 166, 24)

Today Zhenya Zoning Real Estate Company (“ZEN”) and MiLOS Designs (“MLS”) are pleased to announce that they have successfully executed a 4-way partnership with two budding companies, ~*Yours Truly*~ and Flanagan Contracting, to develop a MiLOS Designs franchise concept store which will eventually be positioned as the MLS main store. “This will be a great step in re-establishing a strong in-world SL presence for MLS, but keeping our overhead to a minimum”, said firstdesigns Milos, CEO of MLS.

The store will be built on the corner of 5th Avenue and 42nd Street in the ZENCity complex at ZEN’s City of Ata. It will be conceptualized and managed by ~*Yours Truly*~, a highly efficient franchise management company.

“It’s fun to see all the teamwork that’s invested and engaged this project,” said Ash Wade, CEO of ZEN. “It’s a small step in our diversification strategy. If successful, we will expand on the partnership model and scale it up to buffer the ebb and flow of the land business.” ZEN will provide consulting, overhead and store marketing support under a profit sharing arrangement with ~*Yours Truly*~.

Development has started, and the store is expected to soft open in late February 2011. Flanagan Contracting, one of the top sculpting and building firms in Second Life, has been tapped as the head contractor to build the concept store.

“We would like to position this store as one of the top stores in a top notch retail area chock full of traffic,” said Danica Sparta, CEO of ~*Yours Truly*~. “The ZEN Fifth Avenue Shopping district continues to be one of best places to shop for anything your heart could desire.”

Find Us:

ZEN HQ, City of Ata - http://maps.secondlife.com/secondlife/Tamaqua/94/166/24

MiLOS Designs Concept Store – http://maps.secondlife.com/secondlife/Tamaqua/82/133/23

*~Yours Truly*~ - http://maps.secondlife.com/secondlife/Sushi%20Valley/140/100/22

Flanagan Contracting – http://maps.secondlife.com/secondlife/Sushi%20Valley/128/130/23
Feb 6th 2011, 15:40
Ashleigh Wade
MiLOS Designs » Zhenya Zoning Real Estate Company (ZEN) and MiLOS Designs (MLS)
Zhenya Zoning Real Estate Company (ZEN) and MiLOS Design

Edited by moderator Feb 6th 2011, 15:41
Zhenya Zoning Real Estate Company (ZEN) and MiLOS Designs (MLS) announce innovative partnership.

The City of Ata (Tamaqua 94, 166, 24)

Today Zhenya Zoning Real Estate Company (“ZEN”) and MiLOS Designs (“MLS”) are pleased to announce that they have successfully executed a 4-way partnership with two budding companies, ~*Yours Truly*~ and Flanagan Contracting, to develop a MiLOS Designs franchise concept store which will eventually be positioned as the MLS main store. “This will be a great step in re-establishing a strong in-world SL presence for MLS, but keeping our overhead to a minimum”, said firstdesigns Milos, CEO of MLS.

The store will be built on the corner of 5th Avenue and 42nd Street in the ZENCity complex at ZEN’s City of Ata. It will be conceptualized and managed by ~*Yours Truly*~, a highly efficient franchise management company.

“It’s fun to see all the teamwork that’s invested and engaged this project,” said Ash Wade, CEO of ZEN. “It’s a small step in our diversification strategy. If successful, we will expand on the partnership model and scale it up to buffer the ebb and flow of the land business.” ZEN will provide consulting, overhead and store marketing support under a profit sharing arrangement with ~*Yours Truly*~.

Development has started, and the store is expected to soft open in late February 2011. Flanagan Contracting, one of the top sculpting and building firms in Second Life, has been tapped as the head contractor to build the concept store.

“We would like to position this store as one of the top stores in a top notch retail area chock full of traffic,” said Danica Sparta, CEO of ~*Yours Truly*~. “The ZEN Fifth Avenue Shopping district continues to be one of best places to shop for anything your heart could desire.”

Find Us:

ZEN HQ, City of Ata -
http://maps.secondlife.com/secondlife/Tamaqua/94/166/24

MiLOS Designs Concept Store – http://maps.secondlife.com/secondlife/Tamaqua/82/133/23

*~Yours Truly*~ -
http://maps.secondlife.com/secondlife/Sushi%20Valley/140/100/22

Flanagan Contracting –
http://maps.secondlife.com/secondlife/Sushi%20Valley/128/130/23
Feb 7th 2011, 11:27
Ashleigh Wade
Capital Exchange » CAPX Announces 10-1 Reverse Split of Stock
Re: CAPX Announces 10-1 Reverse Split of Stock

Edited by moderator Feb 7th 2011, 12:00
Don’t have time to go into detail, but from what I can determine unless you have a mandate from the shareholders in your corporate bylaws limiting you to a required minimum share number, a required vote for splits, or a SL Capex standard requiring that splits be put to vote this is really just a publicity issue.

As a side note, I give you an A for your accomplishments to date. In all fairness I don't know that I could give you an insurance rating of an A at this point, primarily because you have no track record running an SL exchange and a limited exchange governance record. Eliale has his own actuarial methods of determining risk though, so I would bask in that rating!

Back to the matter at hand, a 10-to-1 split is a bit aggressive in my opinion, but more importantly I think the shareholders should really put their role in perspective and require better foundational ground rules to protect themselves from the beginning if they see this as being an issue.

This split is not fundamentally altering the capital structure; it’s scaling the structure. In a RL model, this would have been consulted and voted on by a company board (I know...separate issue), and taken to the public if it met criteria as set forth in the company by-laws or regulatory requirements (eg. violation of share thresholds, mandated split votes in company by-laws, governance requirement, etc.) or met some fundamental shareholder right requiring vote (eg. addition of shares to the structure diluting the whole).

The lack of any foundational company requirements has caused some CEOs out there to put everything to "vote" in order to satiate the public. To me, absent what’s noted above or in the bylaws, voting on a split is about as absurd as voting for CEO. In reality both should be driven by rational business needs, intiated by board action, and not subject to any one individual shareholder desires.

Really the only issue I have is with it is that you halted, teaser announced and then fully announced later. The period between the halt and the full announcement created anxiety of "what's happening next?”. I would have recommended a full announcement and then immediately halted thereafter.
Feb 7th 2011, 13:01
Ashleigh Wade
Capital Exchange Archive » FED : Holdings Disclosure - Ashleigh Wade
Re: Holdings Disclosure - Ashleigh Wade

Edited by moderator Feb 7th 2011, 13:02
In order to fully comply with Section 3 of SL Capex’s Executive Exchange Orders, I will be closing the Ford Edelman Trust (a private trust) and its associated employee shares fund (created from trust shares). The shares will be reallocated to my personal account and will solidly give me 53% of the company.

You will recall the trust was created from my FED inheirentance in 2009 as a trust for Ford’s return.

Given that he has not logged into SL in over 2 years I don’t think he will be returning. If and when he does we will address it at that time.

Ash

-------------------------------------------------

As of Monday, February, 7 2011 at 3:53 PM EST, the following is the break out of FED shares held under Ashleigh Wade.


Ashleigh Wade Personal
(Purchased by A. Wade + 407,759 shares from inheritance and additional trust purchases)

FED Ford Edelman & Co. 530,517

---------

Ford Edelman Capital
(Treasury not held in Holding Avatar)

FED Ford Edelman & Co. 2,000
Feb 7th 2011, 13:50
Ashleigh Wade
Capital Exchange Archive » FED : Holdings Disclosure - Ashleigh Wade
Re: Holdings Disclosure - Ashleigh Wade
Hi Scott,

Please refer to this thread:
http://www.slcapex.com/forums/topic/FED/2981

Best,
Ash
Feb 7th 2011, 15:55
Ashleigh Wade
Capital Exchange » CAPX Announces 10-1 Reverse Split of Stock
Re: CAPX Announces 10&am

Edited by moderator Feb 7th 2011, 18:42
Skip,

I'm not disputing your entitlement to make major decisions for CAPX, nor your 75% agreement including Arbi. In fact, you can count me in as well and we can get to 76%. Many companies in RL split all the time without shareholder vote...

What I meant to highlight is that niether SL Capex rules or individual bylaws exist that would have prevented you from proceeding, or granted you expressed authority to execute this without shareholder vote. (meaning no corporate governance)

To be clear, I even differ from you in that don't think you were "wrong". You were well within your right to initiate this reverse split, and you even had 75% share buy in. In this case, and based on the way SL Capex the company and the exchange are set up I feel you were right to action this the way you did. I would have done the same, and I probably wouldn't have been so quick to call it off (particularly when 75% of the company ownership has clearly vote FOR it).

So don’t get me wrong, it’s nothing against you. I think you are top notch and I fully support you. As we have discussed (and as everyone probably knows), I just have a pet peeve with the way companies are founded in SL, specifically a lack of establishing proper corporate governance processes. Instead, the CEO does what he/she wants, and the only repercussion is fear of negative publicity. Essentially, the company lives and dies with the "CEO".

If we truly want a totally involved community of shareholders, who feel that they have thier interests represented, I don't think we should be promoting this type of dominant positioning or governance. Instead, I think we should be looking towards establishing group governed models headed by chairpersons, a board who in turn appoint officers to manage in the company's interest (akin to RL).

I've also come to recognize that sole majority owned companies can accomplish a lot as well. However, if we do want to keep the CEO rules the roost model then I think we need to stop advertising and positioning those companies as public companies that protect the interests of all shareholders, and make it clear that they are dominantly owned companies that sell fractional (ownership) shares to the public in exchange for dividends and take thier advice sometimes. Although its counter intuitive to being "public" , this may not be the wrong answer. However, I think we need to be honest with ourselves and the public about it, and frame some ground rules around that model.

I digress. That’s another day, another topic, and every company is different as I am sure you are discovering! We can wax philosophy on the establishing foundational corporate governance in SL at another time. This will take time, thought and (hopefully) LL action, and I don’t want to derail the thread any longer. I apologize.

Back on topic, I do think that a reverse split is a great idea, but I would like to gather your thoughts on how you arrived at 10-to-1?
Feb 11th 2011, 07:14
Ashleigh Wade
Capital Exchange Archive » SHOP : Welcome to Shopping Payment Systems
Re: Welcome to Shopping Payment Systems
Investor Allen? LOL ;)
Feb 14th 2011, 19:08
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN is pleased to announce the opening of ZEN Country Club & Stables.
ZEN is pleased to announce the opening of ZEN Country Club & Stables.
ZEN is pleased to announce the opening of ZEN Country Club & Stables.

February 14, 2011

ZEN Country Club & Stables (Southampton Bay 148, 81, 27)

Zhenya Zoning Real Estate Company (“ZEN”) is pleased to announce the opening of ZEN Country Club & Stables, a country getaway in the midst of an urban environment.

The club will offer everything from exclusive memberships allowing access to private facilities, to sales of thoroughbred Amaretto Brand horses. In addition, the club will provide access to top notch equestrian breeding and riding facilities, as well as plenty of open space to play amidst an urban skyline backdrop.

Located directly south of the City of Ata‘s Central Park (Region: Tamaqua), it is a fantastic addition to the full array of products and services currently available in the ZEN metaverse.

“This is a great compliment to everything ZEN,” said Ashleigh (Ash) Wade, ZEN Chief Executive Officer and private project underwriter. “There are very few places in the metaverse that provide you with constant activity from your waking moment to the point you go to sleep. One of ZEN’s key drivers is a focus on an all encompassing experience. You can shop for everything from home furniture to clothing to art. You can ride horseback, dance naked, earn money, play skill gaming, catch a live music show, check your SL investments and go home to rest – all under the ZEN banner.”

The club’s stable operations and horse sales are currently open. Horse prices range from L$100 bundles to L$3000 ponies, depending on breed and traits. Club memberships with add-ons such as free thoroughbreds, private clubhouse and conference room access/use, and free stable usage will be rolled out in the upcoming months.

To check it out for yourself, go to:
http://slurl.com/secondlife/Southampton%20Bay/148/81/27

Like Us on Facebook:
http://www.facebook.com/pages/Zhenya-Zoning-Real-Estate-Company-ZEN/118732728184

Follow Us on Twitter:
@impeccablyzen http://twitter.com/impeccablyzen#
Feb 15th 2011, 10:19
Ashleigh Wade
Capital Exchange Archive » SOW : Socialite Wardrobe IPO Discussion
Re: Socialite Wardrobe IPO Discussion

Edited by moderator Feb 15th 2011, 10:25
I do agree that we should consider correcting our capitalization requirements for IPOs.

When trading, the market can determine its worth. However, the offering pricing places an enterprise value on this company at L$6,250,000. Are we confident this can be substantiated? Does this amount make sense in context of how other companies (specifically designer/retailers) are currently valued? Is this a fair market value to present to the public?

Just food for thought. I don't think past bad habits of incorrect capitalizations should mean that we keep going that route and accept that market value will always be "off". Part of the reason this market is so illogical is because of those past allowances.

For comparison, at current market prices, MiLOS has a market cap of L$4.16mil and FED is L$2.23mil. Can we say with some level of confidence that the premium placed on SOW is worth the equivalent of these two companies combined?

Again, just food for thought. I like that we are getting new companies that are interested, but I also think I should voice caution about how we are valuing and putting these companies to market.

Best,
ASh
Feb 15th 2011, 17:59
Ashleigh Wade
Second Ads » Second Ads IPO Application
Re: Second Ads IPO Application

Edited by moderator Feb 16th 2011, 08:49
Hi. Thank you for your submission.

Questions:

Who are shaark Constantine & Hoeg Boccaccio? I would like to understand their role and relationship to the company. Will they receive any of the 1.8mil shares not being sold to the public?

A funamental part of corporate planning is succession. You cite a very real risk of "Sudden death of the key person. " As a company, what would you do to mitigate this risk, which is vital to the survival of the company?

You refer to managers. Do you currently have any other employees (including the possibility that shark and hoeg might be)?

L$2.4mil is a lot of money. Can we get a breakdown on how you expect to spend that?

Finally, you cite Tangible Assets as 1.00. Given that you have a website and products currently in use I dont find that to be realistic. Can you update this?

Thank you in advance.
Feb 16th 2011, 08:35
Ashleigh Wade
Capital Exchange Archive » SOW : Socialite Wardrobe IPO Discussion
Re: Socialite Wardrobe IPO Discussion

Hi Sebastian,

Please don't get us wrong. I think, more than anything, we would like to make this work as well. However it has to make sense to both of us. I do appreciate your honesty.

The only real problem I see is the IPO valuation of the company seems off (as noted by Alain). The listing of assets do help justify some value, but the requested share issuance and price create a company on par with the market value of two current comparable companies combined (one small, and in all fairness more a marketing company now, but comparable to your current revenue, and one larger pure play design/retailer comparable to where you are looking to grow). However, you report a fraction of their combined current revenue. This isn't going to be appetizing for investors, nor does it make sense. I’m afraid you will be either setting yourself up for a hard sell, or the potential to lose significant market value once trading.

Adding to the comparison, there is a different company also seeking IPO that is asking for the same entry value as you, but reporting L$121,500 in rev vs. your L$5,500. There is a disconnect there.

Don’t get me wrong. There is nothing bad with seeking to enter the market at an L$6,250,000 valuation, as long as you can justify it. But to be honest, I also don’t feel that SOW’s total package as presented justifies a L$6mil public entry value.

In my opinion you should rethink the proposed capital structure. I also guess we should ask for a breakout of how you intend to budget spending the ~L$1.25mil in IPO proceeds (with the understanding that plans do change based on business realities)? How did you arrive at that figure? Do you really need that much to execute your plans?

Thank you for your submission.

Ash
Feb 16th 2011, 09:22
Ashleigh Wade
General Investment Discussion » SLCapEx Policy on Company Stock %'s and Assets
Re: SLCapEx Policy on Company Stock %&am

Edited by moderator Feb 16th 2011, 09:32
Really? I never said bad. I did say incorrectly priced. Which it is.

If you feel so strongly, stop calling it an IPO and start calling it "venture capital loan", which is what it really is. IPO implies to RL investors, who ARE your base regardless of how we want bend market value rules here, that an exisiting company is listing, that proper pricing studies have been conducted and that comparable market values are created. If this is not going to be this case then that needs to be apparent to everyone from the moment they first log in. Cause continue having market values across the board becasue "thats the way it was" makes even less sense. What makes this company worth more than most of the established companies?

The only reason why there is no logic here is that IPOs here are based on "how much money I want", and not "what is my 100% privately owned company worth and what percentage can I float to the public to fund capital expansion". I see fault here in two areas: 1) No VC layer in the SL markets and 2) Lack of underwriters to help properly value companies before they are presented to market.

I think as a matter of protocol potential listings should be require to provide a detailed listing of how they intend to spend the money.
Feb 16th 2011, 09:48
Ashleigh Wade
General Investment Discussion » SLCapEx Policy on Company Stock %'s and Assets
Re: SLCapEx Policy on Company Stock %'s and Asse

Edited by moderator Feb 16th 2011, 09:48
Hi Skip,

It's not about the 50%+ requirement, it's about the fact that we are placing a value of L$6,250,000 (and enriching the current owners by L$5,000,000) for a company that we know nothing about aside from what we see and what they present. How is that value equitable based on the clear value for establishied companies in the market today? Do these guys have a special product we don't know about that that will fill that gap?

In the end you are right, its all about what people are willing to pay. But based on the people who have commented that are investors I think they want truer market value from the opening placed into our system.
Feb 16th 2011, 10:17
Ashleigh Wade
General Investment Discussion » SLCapEx Policy on Company Stock %'s and Assets
Re: SLCapEx Policy on Company Stock %&am

Edited by moderator Feb 16th 2011, 10:28
Let me put it this way. I think that, as knowledgable SL investors, its our duty to protect new investors who aren't familiar with SL investing quirks to make sure that companies are priced correctly and equitably out of the gate, regardless of what has been done in the past. Who invests in it from there and where it goes out of the gate can be based on its own track record.

However what was presented as the concept, the ideas, the current ops, the growth plans, the asset information and other discussions I dont see how SOW is or could be worth L$6.2mil ($24,000 USD).

Don't get me wrong. I do think its potentially a great company and what I have seen I DO like as a designer. I don't think it will take much to build that over a few years and some. But is it worth L$6Mil today, or even shrotly after IPO? Based upon what I've seen I dont think so. Current revenue wouldn't even cover a penny a share return.

Why would I invest in that when I could invest in another company, for the same proposed market value, thats showing they have L$151K in revenue, with a more innovative and potentially explosive product than clothing (in which everyone seem to be THE designer and is a notoriously hyper competitive industry in SL) and from what I see, if done right, has the potential to justify a L$6Mil valuation very quickly?

Again, I'm sure SOW is probably a good company with good people. It should probably go to IPO. I just think the valuations are dead wrong. Further, from my own experience, I don't see where they would need that much money out of the gate.

I think its high time that we as a community start to put procedures in place to get real values into this marketplace.
Feb 16th 2011, 12:45
Ashleigh Wade
General Investment Discussion » SLCapEx Policy on Company Stock %'s and Assets
Re: SLCapEx Policy on Company Stock %&am

Edited by moderator Feb 16th 2011, 13:11
I agree with you, to some extent it is an art and not a science, but I don’t think it means we should just drop it. I ask you, do you think that the SOW IPO is worth more than SLICE? At suggested IPO value it is. How is it that a company that has no public track record and L$5K in revenue is worth more on its first day of trading than a company with much history and dividends? Does that make sense to you?

I would love to hear some of the corrupt stories from your RL adventures, but I still fail to see why we should allow for such a subjective loophole in the SL Marketplace without even a second thought or a question.

I think what we are talking about here is more than just academic; it is a fundamental building block in attempting to create an even playing field and structure for comparison, in addition to closing one of the most easily exploited loopholes in the marketplace. No offense intended, but for a bunch of people that are so damned concerned about scammers you would think trying to achieve realistic SL capitalization standards would be a want and not a dismiss. Otherwise let’s just reposition ourselves as a KIVA where you swap loan notes and call it a day.

If we do want to continue down this path of baseless arbitrary IPO market values, FED's investors have expressed to me they would like to form a private partnership to take FED private. We will then apply to IPO our well established private company that has over 2 years of recorded financials, a track record of consistent dividends, widely known brand, proven consulting expertise and a prior record of fully paid off its IPO proceeds with a 1,000,002 share structure at L$2,270 a share and a 2 share offering ;) Since determining IPO entry enterprise values isn’t fundamental and “doesn’t really matter” you guys won’t mind us all taking advantage of this to add three zeros to all our wealth. After all, it would meet all the requirements of listing, and further it probably matches what my shareholders would like FED to be worth. They have no objection.

Totally J/K, but someone else may not be. I don’t mean to be an ass, but guys I think this is important and it should be given a serious thought and not dismissed as a purely academic exercise or just the way things are. You guys are approaching this with a SL point of view. And while we do agree that SL is not RL trading, the reality is that serious *new* investors will approach this market through RL eyes and expected norms.
Feb 16th 2011, 13:34
Ashleigh Wade
General Investment Discussion » SLCapEx Policy on Company Stock %'s and Assets
Re: SLCapEx Policy on Company Stock %&am

Edited by moderator Feb 16th 2011, 14:00
Alain, point taken re: rules, but I think we should all be discussing this. It is a community effort after all, thats why I address you guys (plus I think Arbi has a lot more influence than you think ;)

Just saw this:

"I have to have some way to salvage a failed company, and maintaining a majority of shares available for someone else to come in is the only way to do it in most cases." - Skip

Skip, I don't think SL Capex should have or try to take onus to attempt to salvage companies. You are just creating a potential liability for yourself and a "never fail" scenario where departing management has comfort when they walk away that SL Capex will "take care of it". To me a more productive project would be to compose a bankruptcy process when some of these VC loans fail and people are pissed they paid too much per share for a unrealistically valued company ;)

I DO think SL Capex should require listed companies actively file feasible succession plans on a regular basis. I am all for making companies start to act like companies. It shouldn't be on you to do the job that listed companies should be doing naturally.

I think I've said enough on valuation though. You know where I stand - LETS BE REALISTIC!. I'll leave it to SL Capex decide where to go from here. I'm off to ZEN land. My best to all. I'll be available for 1:1 followups if you have any questions on my points.
Feb 16th 2011, 14:46
Ashleigh Wade
General Investment Discussion » SLCapEx Policy on Company Stock %'s and Assets
Re: SLCapEx Policy on Company Stock %&am

Edited by moderator Feb 16th 2011, 15:00
I make plenty doing what i do thanks :)

I did see your point, acknowledged is and I do understand, hence why I agreed that its an art and not a science. I know that we can look at numbers multiple different ways and arrive at different conclusion. I've worked on enough aquisitions in RL.

I understand your point, are you willing to concede some logic to mine?

Here's the deal. It's really simple. I just think we should look at achieving more realistic valuations, or even a common base line method of valuation so we are closer to comparing apples to apples at the start. I don't think it right to "give" someone a higher net worth just because they plugged a higher number into an IPO form and everyone says "oh goody". This is not 1999. I would rather have SOME form of valuation rather than be complacent with none at all.

Since obviously you are the one with the expertise, experience and knowledge perhaps you would be willing to devise something to fill this void. The "indications of interest" I've seen are that this one is not priced right.
Feb 17th 2011, 19:32
Ashleigh Wade
General Investment Discussion » SLCapEx Policy on Company Stock %'s and Assets
Re: SLCapEx Policy on Company Stock %&am

Edited by moderator Feb 17th 2011, 20:15
Feb 18th 2011, 07:59
Ashleigh Wade
General Investment Discussion » SL Investor Symposium Planning
Re: SL Investor Symposium Planning
Thanks. I think this would be beneficial for everyone, and ultimately I would like for all minds to get involved. As we flesh through the ideas Ill keep that in mind.
Feb 20th 2011, 09:15
Ashleigh Wade
General Investment Discussion » SL Investor Symposium Planning
Re: SL Investor Symposium Planning

Edited by moderator Feb 20th 2011, 09:18
Hi, just an update.

Carter and I discussed this weekend as planned, and we’ve determined that the best course of action would be to have a recurring series of meetings, once a week alternating between morning and afternoon.

We propose that these meetings be set at a different host location each week, alternating between public company HQ locations. In the event no suitable location is available for a listed company, we would hold the meeting at the SL Capex meeting area or a ZEN venue.

We would set a revolving set of discussion topics or guest speakers.

The only thing missing is someone to organize, coordinate and host the meetings. Frankly, neither one of us has the time to take on another project, however do expect to maintain a significant role in the meetings through assisting with planning, attendance, and providing thought-leadership.

We are now soliciting interest for someone to take on the role of coordinator. People with experience in organizing meetings and events, scheduling speakers, and promotion are a PLUS. However, we are willing to train or work with anyone who is willing to engage this project wholeheartedly.

If you are interested please let one of us know.

Thanks.
Ash
Feb 20th 2011, 19:27
Ashleigh Wade
Zhenya Zoning Real Estate Co. » 2010 Year in Review Reports
2010 Year in Review Reports
Investors,

I’m pleased to release ZEN’s full year 2010 report and financials. It was a difficult year; however we made it through and continue to move forward.

Thank you for your support.

2010 Full Year Financials
http://www.impeccablyzen.com/ZEN_Full_Year_2010.xls

2010 Year in Review Report
http://www.impeccablyzen.com/ZEN_2010_Year_in_Review.pdf
Feb 20th 2011, 19:27
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
Investors,

I’m pleased to release ZEN’s full year 2010 report and financials. It was a difficult year; however we made it through and continue to move forward.

Thank you for your support.

2010 Full Year Financials
http://www.impeccablyzen.com/ZEN_Full_Year_2010.xls

2010 Year in Review Report
http://www.impeccablyzen.com/ZEN_2010_Year_in_Review.pdf
Apr 4th 2011, 18:35
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
http://www.impeccablyzen.com/ZEN_1Q_Year_2011.xls

Zhenya Zoning Real Estate Company

1Q 2011 Financial Highlights & Guidance

Shareholders,

For 1Q 2011, ZEN is pleased to announce L$162,848 in profit (L$.059 per share) from continuing operations. Revenue increased to L$1,497,760, representing a 26% increase over 1Q 2010.

Because of our improved financial condition the board granted the distribution of L$53,400, or L$.02 per share on February 28, 2011, in line with our Quarterly Dividend Review practice.

The remainder of the profit will be retained. Overall we are still very cautious of land market conditions, and all indicators show that April is going to be a high turnover month, which can easily wipe out our profit in a perfect storm. In anticipation, we will be doubling down on our advertising and recruiting efforts.

We ask that you please spread the word encouraging others to visit ZEN, and check out our offerings to see if you might find something for yourself. Look for more info to come.

Thank you.
ZEN 2011 Board of Directors


Apr 4th 2011, 18:49
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting
Ford Edelman & Company
1Q 2011 Financial Highlights

For 1Q 2011 FED recognized L$37,023.46 in profit (L$.037 per share). Per our standard dividend practice (L$.01 per share per month), L$30,000 ($.03 per share) was returned to investors.

http://www.fordedelman.com/FED_1Q_YEAR_2011.xls
Apr 4th 2011, 19:08
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Need a job? ZEN seeks a community director.
Need a job? ZEN seeks a community director.
Zhenya Zoning Real Estate Company
Tamaqua 96,165,25
Job Description

*Position*

Community Director

*Reports to*

Chief Executive Officer

*Position Summary*

The ZEN Community Director oversees the general promotion of all ZEN divisions. In coordination with the management board, the community director also helps devise and execute key marketing strategies.

*Duties and Responsibilities*

-Create and manage events in connection with the CEO and various ZEN business unit leaders.

-Manage the ZEN Facebook Page and Twitter Account.

-Manage the “ZEN Welcome Wagon”. This includes creating and maintaining a branded welcome gift including landmarks from various ZEN locations, as well as responsibility of distributing the pack to new clients as directed.

-Act as a “land scout”. Seek to draw new residents into our regions and encourage overall settlement in our regions and sister regions.

-Act as a general promoter of all things ZEN.

The ideal candidate will:

-Have an outgoing personality, social butter fly a plus

-Be generally business Savvy, with a clear style of communication. (Proficient English writing skills a must)

-Have been in SL more than 1 year

-Have previous experience as a promoter and/or recruiter as a plus

To begin, compensation will range from L$500 to L$750/weekly stipend, with periodic reviews, potential for share bonuses, commission and partnership opportunities rewarded based on merit and interest. We love synergy and teamwork, and we believe in rewarding and celebrating our victories.

*To Apply*
ZEN is an equal opportunity employer. All types are encouraged to apply.

We do check references.

To apply, send a note card with your name and summary of qualifications to ZhenyaZen Diesel. Eligible candidates will be invited to interview with a ZEN staff member.

*About Us*

Zhenya Zoning Real Estate Company (ZEN) is a virtual SL Public Company listed on http://www.slcapex.com

Since 2007, Zhenya Zoning Real Estate Company has ensured our clients, patrons and shareholders enjoy a meaningful metaverse experience by bringing our community to life, and providing opportunities & services unlike those provided anywhere else in the metaverse.

Visit us to find out more

At our Headquarters in SL:
http://slurl.com/secondlife/Tamaqua/96/165/25

Like Us on Facebook:
http://www.facebook.com/pages/Zhenya-Zoning-Real-Estate-Company-ZEN/118732728184

Follow Us on Twitter:
@impeccablyzen http://twitter.com/impeccablyzen#
Apr 7th 2011, 11:58
Ashleigh Wade
VH Employment Agency » VHEA SPO Starts - 50,000 Shares at 4.00L Per Share
Re: VHEA SPO Starts - 50,000 Shares at 4.00L Per Share

Edited by moderator Apr 7th 2011, 13:04
Mystic,

I think you highlighted something important in another forum that is important information for your shareholders here. From what I understand you are SPOing shares that have already been created and exist in your treasury correct?

The reason why I think this is important to highlight is that shareholders need to clearly understand that an SPO where shares are created are dilutive to a company's equity structure. In VHEA's case, there will be no dilution as the shares already exist, and are simply being sold off of the treasury.

Ash
Apr 8th 2011, 11:24
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Residents - "Picnic in the Park" Community Meeting
Re: ZEN Residents - "Picnic in the Park" C
Thanks Danica :) We look forward to seeing everyone on Sunday!
Apr 23rd 2011, 13:57
Ashleigh Wade
Capital Exchange Archive » FED : Transaction disclosure – Ford Edelman & Company
Transaction disclosure – Ford Edelman & Company

Edited by moderator Apr 23rd 2011, 14:23
Transaction disclosure – Ford Edelman & Company

Today I released the treasury shares in the Ford Edelman Capital Account c/o Ashleigh Wade. The 2,115 shares were sold at market netting an average of L$2.67 per share, with the dual purpose of increasing liquidity for the shareholders and removing treasury shares held in my name.

The remaining treasury shares, 34,849, are held in our holding alt, Balance Writer.

Net proceeds were L$5,511.12 and were credited to the FED Capital Account c/o Ashleigh Wade, and all transactions will be reflected in the 2Q Financial Report. The proceeds will be used to fund general capital and R&D expenditures.
Apr 25th 2011, 04:39
Ashleigh Wade
CapEx Rules Discussion » Section 3: IPO and SPO applications (ss: b)
Re: Section 3: IPO and SPO applications (ss: b)

Edited by moderator Apr 25th 2011, 17:52
First, off-topic, I think that incoming company heads with 50%+ should be appointed company Chairman, not CEO. The CEO title as used in SL is very misleading, and doesn’t actually fit the role company founders play.

On-topic, I support eliminating this rule entirely. In my opinion having it in place is worse than nothing at all.

*It produces an unfair decision monopoly when applied to one person.

*It counteracts the whole notion of being public.

*It complicates allowing a person, group of persons or entity to take a company private (which could be highly beneficial to the shareholders).

*It does not foster or incent companies to act in a manner that is beneficial to the shareholders.

I think the current rule will only complicate future company scenarios. Forced majority ownership in a public company by single person is a very bad idea.

The overwhelming amount of SL corporate failures were a result of single majority owned companies of 50% or more. Ask the handful of people who have been consistently here, who invested on WSE, AVIX, SL CAPEX, ACE, and VSTEX , while others came and went, what they think works. I think you will find the vast majority will agree that we should be less concerned about who controls what and more concerned about building entities that plan for the future and survive with assets in tact beyond one person. THAT would be a true benefit to shareholders, and has been a solution that some CEOs have been working out for years now, with some degree of success, without an exchange rule.

If a CEO is not willing to consider and submit to a board’s decision on behalf of the shareholders then this person is not a CEO (who in RL is an employee beholden to the board). The “my way or the highway” management style is not going to win any friends. When applied to a single person, this rule only affirms that attitude and therefore is counter to any real leadership principle.

The bottom line - the community should not tolerate a “me, mine or my” mentality. Regardless of what a single shareholder’s intention might be, the moment a company is taken from private entity to public entity the paradigm shifts to “us”. A firm company foundation should be put in place and a board elected to manage the company (and the CEO) on the shareholders behalf.

The rule also exposes the exchange to potential liability. This rule has been sold as an assurance of a company’s survival, when in reality the exchange is no position to ensure that. It should not be the exchange’s position to ensure a company’s survival unless the exchange wants to assume some of the liability for the future of the company. The exchange can’t just intervene when it feels like it and not expect to be held liable for its actions. In reality, the respective shareholders should be holding their boards and the management accountable to plan for the future. It shouldn’t be falsely assured by an exchange rule.

Trading breakers and withdraw limits will mitigate the CEO cut and run.

We all agree that either side of the coin presents a potential nightmare. However, I think I would rather have a CEO try to cut and run away with 10K in cash and all assets and know they are a thief, than have them legitimately vote to pay themselves ALL the cash and balance of the company and just walk away, which is a very likely situation in this scenario. We’ve seen that happen before.

I think this rule is ineffective in addressing either side of it.

Ash
Apr 25th 2011, 09:02
Ashleigh Wade
CapEx Rules Discussion » Section 3: IPO and SPO applications (ss: b)
Re: Section 3: IPO and SPO applications (ss: b)

Edited by moderator Apr 25th 2011, 17:57
Skip,

If I can answer too (sorry I know I wasn't asked), but I have a strong opinion that NO shares should be created or detroyed in a company without a public vote.

A better way of saying it: There should be no alteration to a capital structure without every eligible share having the opportunity to vote for or against it.

I also strongly believe using holding alts to manage treasury shares and company assets to prevent comingling, among other advantages.

Ash
Apr 25th 2011, 12:22
Ashleigh Wade
Special Situations » SAS shareholder vote- Change name to SL Special Situations
Re: SAS shareholder vote- Change name to SL Special Situations

Edited by moderator Apr 25th 2011, 12:24
Actually it would be a good refresher for all of us to brush up on this topic:

Link to the brand center -
http://secondlife.com/corporate/brand/trademark/

Link to the "use of SL and inSL" policy
http://secondlife.com/corporate/brand/trademark/sl_insl.php

I think section 5 of the "use of SL" policy is Skip's concern here.
Apr 25th 2011, 16:45
Ashleigh Wade
Special Situations » SAS shareholder vote- Change name to SL Special Situations
Re: SAS shareholder vote- Change name to SL Special Situations
In context of the policy I would say that SL Special Situations could pass with the right argument, as I don't see a "special situation" as a business that Linden Labs would choose to engage in.

That said, I would generally caution against this move. As Skip has highlighted the policy is ambiguous and could just as easily be used against SAS if needed/wanted.

The other thought is, why associate your brand with SL? With other grids picking up you might not want to tie your branding so closely to just one world.

:)
Apr 25th 2011, 20:45
Ashleigh Wade
CapEx Rules Discussion » Section 3: IPO and SPO applications (ss: b)
Re: Section 3: IPO and SPO applications (ss: b&a

Edited by moderator Apr 25th 2011, 21:07
I aee broader negative implications under this rule than just a one person monopoly. The bottom line is though, after months of thinking about it, I still can't see where the rule serves it's intended purpose. To me it should be struck unless we can build a better mousetrap.

Although exchanges may not have a rules regarding new share issuance/dilutions, a RL company's by-laws should, and perhaps required SL Corporate by-laws and/or basic corporate governance understandings should be something explored for the listed companies instead of exchange rules.

Perhaps a minority shareholders bill of rights should be adopted?

Apr 26th 2011, 06:49
Ashleigh Wade
Capital Exchange Archive » MYK : Share Breakdown to the questions id like answered.
Re: Share Breakdown to the questions id like answered.

Edited by moderator Apr 26th 2011, 07:21
He shouldn't need permission from shareholders to sell exisiting treasury shares, Harbrough. My observation is that this company's governance systems are very disorganized. In a better organized company you would have board members representing your interests and voting on your behalf to authorize or deny the sell of the shares in accordance with the companies by-laws and/or operating policies and practices.

Continued whining here is pointless, Harbrough. The merger transaction is done and Mykos has to lead his company somewhere. Im sure he's trying to do his best given the circumstances he has lead this company into. At the end of the day, though, like everyone has said, you invested in the company knowing full well the Mykos family of companies management style and practices.

Caveat Emptor. Know what you invest in.
Apr 26th 2011, 06:55
Ashleigh Wade
Special Situations » SAS shareholder vote- Change name to SL Special Situations
Re: SAS shareholder vote- Change name to SL Special Situations
Sorry about that Wenden. If I had seen this earlier I would have shot you an IM. It just hit my radar yesterday.
Apr 26th 2011, 07:52
Ashleigh Wade
Capital Exchange Archive » MYK : Share Breakdown to the questions id like answered.
Re: Share Breakdown to the questions id like answered.

Edited by moderator Apr 26th 2011, 07:56
"Our rules are simple like rl. you own controlling stock and are the ceo you control the direction of that company there is no negotiation."

Acutally that is nothing like RL lol, its a lot more complicated than that. For example, in RL the law would require a formalized corporate structure (through the articles of incorporation), establishment of foundational by-laws and much more stringent seperation of accounting practices (i.e no comingling of personal shares, treasury shares and funds). But I think we get your point.

Good luck going forward Mykos.
Have a great meeting today.
Apr 26th 2011, 08:03
Ashleigh Wade
Capital Exchange Archive » MYK : Share Breakdown to the questions id like answered.
Re: Share Breakdown to the questions id like answered.
"see the issue here is he allready sold the shares to share holders once.
now you are saying it is ok for him to sell them again..."

I'm not saying anything to or against this and will not. I know a lot more of Mykos's history than you probably think I do, and I am not going to be dragged into what would be a very muddy, conflicting and long story of confusion. All I can tell you is that you were fully aware of what you bought, and when you were buying in you were amply warned of Mykos's management style.

I can tell you, however, that treasury shares are bought and sold all the time by public companies in accordance with thier governance practices and repurchase plans.

This will be my last post on this. Good luck to all going forward.

Best,
Ash

Apr 27th 2011, 13:31
Ashleigh Wade
Capital Exchange Archive » MYK : Mykos Corp 4-26-11 meeting transcript
Re: Mykos Corp 4-26-11 meeting transcript

Edited by moderator Apr 27th 2011, 13:35
Wow.

First, Alain, I know you are mad, but that was not right to evoke the “P” word without merit. There are much better ways to frame what’s really going on here – no need to resort to that rhetoric.

On serious note to everyone, saying that a CEO has the “right” to assign shares willy nilly is about the most absurd thing I’ve heard in my 5 years as a leader of an SL public company. For an exchange that is supposed to “protect the little shareholder” this is not a comforting statement and I sure as hell would discourage anyone from investing here if this is the position going forward. The CEO centric “I can do what I want” attitude must stop.

Frankly, from what has gone down the last few days, I'm surprised that MYKOS shareholders haven't started exploring their options against him for a breach of fiduciary duty.

And it’s not defamation, Mykos, it’s libel. Written form is libel. And in the US, the onus is on the plaintiff to prove that it’s FALSE, not on not on the defendant to prove it’s TRUE. So if you want to start gathering your transaction records I’m sure we would love to have a look at what’s been going on at MYKOS for the last few years.

I ‘m not going to pass judgment either way (and I really don't care what happens to Mykos aside from the fact that this three ring circus reflects poorly on the community).

A few points you might want to consider, however, before you start exploring your “libel” options:

1. If you WERE to sue for libel your entire history in connection to that defamation claim could eventually be subject to discovery, including all of your forum postings, history and promises made to shareholders on ACE (which is archived), VSTEX and SL Capex, as well as discussions and proposals on ISE, and your transactions history in SL and SL Capex. Everything would be scrutinized and inconsistencies highlighted and brought to light. Are you prepared to account for all your historical actions, including the possibility of mistruth in advertising?

2. You would be claiming libel on an avatar (not your actual person) in something that is considered a simulated game. Even better, your avatar could be argued as a public figure. I would love to sit down and see the discussion with the judge that day. Please let me know.

3. You would have to prove that his claim tangibly damaged your company's ability to produce revenue. If anything, I see that you are doing a good enough job for yourself, and you are only weakening your claim (and your public standing) by trying to retaliate against Alain.

Side Note: I myself can point to a few possible misrepresentations you’ve provided. Specifically with MTECH, there were promises of obviously over aggressive revenue projections and promised product delivery in the IPO phase that have not materialized almost a year later, however your marketing claims continually trumped up the company and never accounted for the disconnect. Or, the fact that MYKOS “acquired” MYEX months ago on VSTEX, and listed anew financial product on it (with a promise to “update the price” on the website every 24 hours but never did, nor was there any information on the close of it. It just died.). You also seemed to have had 100% ownership of MYEX at VSTEX, only to re-announce the “acquisition” with a lessened 50% position and never accounted for it in your communications. These inconsistencies create confusion and cause people to make the assertions they do against you. Have you considered that your lack of consistency might be the issue here?

Finally Mykos, you might want to take a little accountability and own up to part of this mess. You continually pass the blame for the whole merger to SL Capex, when in reality YOU should have been leading the merger, and even if you needed assistance from SL Capex, you should have known your shareholder structure post-merger inside and out.

Instead, you put one number on the financials indicating the amount of treasury shares and, when questioned, posted a different number in the forums, and then had to waffle around until SL Capex came to save your ass by confirming a merger structure you should have effected in the first place. Recall the initial confusion here arose out of your inability to provide detailed facts regarding you the company you run.

I wouldn’t be so bold to accuse you of scandal. But I do think your transparency, communication, management style and leadership qualities need a hell of a lot of work, and I am sure I’m not alone in that.

Finally, Mykos, I'm not sure how you think that the chat log you posted is proof of anything against Alain. You’ve just resorted to the same level as his (allegedly)baseless accusations. What happened to being the bigger man? I could just as easily make an alt to say some crazy stuff about you and post that as proof as well. I do find it interesting that you chose VTM as your "scandal" point, considering that transactions for VTM are provable and verifiable by SL Capex, and therefore a claim could be much more easily dismissed than the claim against Mykos where your transactions are hidden by your own accord.

And, Michael Linden is a Senior Content Specialist aka, “Head Mole” in Linden Lab’s works department and not in governance. Nothing is more annoying and pretentious than Linden name dropping.

This whole thing is ridiculous and you should have just laughed at it. Your strong reaction to it though, makes me wonder if you have something to hide. This, coupled with the fact that you seem to have had an investor relations issue on every exchange your company has been listed on, might make you want to step back and re-evaluate your clarity, transparency and the way you are handling your investors. No one else seems to be having such a serious continuous issue like this.

I’ll close with a nice article on the top 5 career ending CEO mistakes publish by a high level recruiting firm. I think every CEO SL should read ad nausem:
http://www.ceoforum.com.au/article-detail.cfm?cid=6148&t=/Neil-Waters-Egon-Zehnder-International/The-five-biggest-CEO-career-mistakes

I, for one, would like to see MYKOS be a hallmark SL Public Company, and I wish MYKOS no harm. However I don’t appreciate CEOs who continually shift blame from themselves through avoidance and deflection when there are obvious accountability issues here.

In the end I know you will do whatever you want anyway, and from the look of it you are already testing MYKOS on your VWBIZX platform. Good luck with that.
Apr 27th 2011, 14:52
Ashleigh Wade
Capital Exchange Archive » MYK : Mykos Corp 4-26-11 meeting transcript
Re: Mykos Corp 4-26&

Edited by moderator Apr 27th 2011, 17:25
Sigh. Yes, yes everyone else is the problem and you did nothing wrong. I get it. Same ole same ole and deflect.

It's apparent that you aren't getting it. Ethics and clear communication are key here.

Regarding my time and focus, its in my capacity as board member, my interest as an appointed CEO in seeing people act like real CEOs, and in my stewardship as a community leader. Regardless, its a public forum and it took me about 20 minutes between meetings to pound it out. Please dont think I waste that much time on this.

And even though you deflected, I will answer you since you asked:

Regarding FED, I invite you to read our 2011 investor overview in the forums:

http://www.slcapex.com/forums/topic/FED/2981

I dont have the SLURL right now but our new HQ is in Tuscarora region. Regarding FED's future plans just watch the news and the forums. There are some pretty exciting things I am finalizing to roll out over the next few weeks.

Regarding ZEN, you can recap here:

http://www.slcapex.com/forums/topic/ZEN/3095

You can also see the 2011 Investor Overview here:

http://www.slcapex.com/forums/topic/ZEN/2980

I would love for anyone to tour of any of our regions - Tamaqua, Tuscarora, Panther Valley, Sushi Valley, Southampton or Zensuality. It's probably one of the more challenging things I've ever done running this company, but are quite proud of it and have 4 years of cybersweat in tears. The ZEN team is the best ever. I couldn't do it without them.

Tamaqua is a good place to start:
http://maps.secondlife.com/secondlife/Tamaqua/94/166/24

If you need me I am always available in SL by appointment (please send a notecard, my IMs are always capped) , or via email - ash@fordedelman.com or ash@impeccablyzen.com

Now since I showed you mine, would you show me yours? Would you provide a few links and SLURLs here to Mykos's operations? I've been meaning to pick up a copy of the latest M magazine anyway.

At any rate, I will let you be. I do agree, my time should be less focused on this particular thing, and more focused on coaxing and working with SL Capex to ensure development of proper company frameworks and best practices going forward.

All the best.




Apr 28th 2011, 19:19
Ashleigh Wade
Capital Exchange Archive » FED : Ford Edelman & Co. - Code of Conduct, Shareholders Rights
Ford Edelman & Co. - Code of Conduct, Shareholders Rights
Ford Edelman & Co.
Code of Conduct/Ethics and Shareholder’s Bill of Rights

Ford Edelman has vast interest in maintaining the highest quality relationship between our management and our shareholders.

To that end, we have adopted the following code of conduct and shareholders bill of rights. This code may be revised by board review and vote.

EXECUTIVE RESPONSIBILITY

A fiduciary duty is an ethical relationship of confidence or trust between a company’s management and its shareholders, with management acting in most cases as asset trustees for the company assets.

We believe our management should act at all times with fiduciary responsibility. This means management must hold the highest standard of care at either equity or ethics.
Management is expected to be extremely loyal to the company, and to the shareholders to whom they hold assets in trust.

Management must not put personal interests before the duty, and must not profit from their position as a fiduciary, unless the shareholders consent.

SHAREHOLDERS BILL OF RIGHTS

Ford Edelman recognizes the following basic rights for all shareholders, regardless of circumstance:

1. Shareholders have the right to vote on major issues. This includes electing a board of directors to represent the shareholders' interests, and proposals for fundamental changes affecting the company such as mergers or liquidation.

2. Shareholders have the right to vote on the creation of additional capital. The creation of any additional shares that dilute the existing shareholder base cannot be created without majority shareholder approval.

3. In the event of bankruptcy, shareholders have a claim to the net assets (after liquidation and debt settlement) of the company. Shareholders own a piece of something that has value. Said another way, they have a claim on a portion of the assets owned by the company.

4. Shareholders have a right to receive dividends distributed by the company.

5. Shareholders are entitled to review financial statements on a quarterly basis, in accordance with CAPEX regulations.

7. Shareholders can pledge or assign their stock. All Board Members must be fully apprised of, and approve, the proxy request.

9. Shareholders have the right to transfer ownership of their stock.
Apr 28th 2011, 19:19
Ashleigh Wade
Capital Exchange Archive » FED : Ford Edelman & Co. - Code of Conduct, Shareholders Rights
Re: Ford Edelman & Co. - Code of Conduct, Shareholders
In the spirit of promoting best business practices, Ford Edelman & Co. hereby grants permission to all SL Public Companies to copy and adapt this document in whole or in part, and adopt as their own guidelines.
Apr 28th 2011, 21:22
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN - Code of Conduct/Ethics, Shareholders Bill of Rights
ZEN - Code of Conduct/Ethics, Shareholders Bill of Rights
Zhenya Zoning Real Estate Company
Code of Conduct/Ethics and Shareholder’s Bill of Rights

Zhenya Zoning Real Estate Company has vast interest in maintaining the highest quality relationship between our management and our shareholders.

To that end, we have adopted the following code of conduct and shareholders bill of rights. This code may be revised by board review and vote.

EXECUTIVE RESPONSIBILITY

A fiduciary duty is an ethical relationship of confidence or trust between a company’s management and its shareholders, with management acting in most cases as asset trustees for the company assets.

We believe our management should act at all times with fiduciary responsibility. This means management must hold the highest standard of care at either equity or ethics.
Management is expected to be extremely loyal to the company, and to the shareholders to whom they hold assets in trust.

Management must not put personal interests before the duty, and must not profit from their position as a fiduciary, unless the shareholders consent.

SHAREHOLDERS BILL OF RIGHTS

Zhenya Zoning Real Estate Company recognizes the following basic rights for all shareholders, regardless of circumstance:

1. Shareholders have the right to vote on major issues. This includes electing a board of directors to represent the shareholders' interests, and proposals for fundamental changes affecting the company such as mergers or liquidation.

2. Shareholders have the right to vote on the creation of additional capital. The creation of any additional shares that dilute the existing shareholder base cannot be created without majority shareholder approval.

3. In the event of bankruptcy, shareholders have a claim to the net assets (after liquidation and debt settlement) of the company. Shareholders own a piece of something that has value. Said another way, they have a claim on a portion of the assets owned by the company.

4. Shareholders have a right to receive dividends distributed by the company.

5. Shareholders are entitled to review financial statements on a quarterly basis, in accordance with CAPEX regulations.

7. Shareholders can pledge or assign their stock. All Board Members must be fully apprised of, and approve, the proxy request.

9. Shareholders have the right to transfer ownership of their stock.
Apr 28th 2011, 21:23
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN - Code of Conduct/Ethics, Shareholders Bill of Rights
Re: ZEN - Code of Conduct/Ethics, Shareholders Bill of Rights
In the spirit of promoting best business practices, Zhenya Zoning Real Estate Company hereby grants permission to all SL Public Companies to copy and adapt this document in whole or in part, and adopt as their own guidelines.
Apr 29th 2011, 04:22
Ashleigh Wade
Capital Exchange Archive » FED : Ford Edelman & Co. - Code of Conduct, Shareholders Rights
Re: Ford Edelman & Co. - Code o

Edited by moderator Apr 29th 2011, 04:44
1. Shareholders have the right to vote on major issues. This includes electing a board of directors to represent the shareholders' interests, and proposals for fundamental changes affecting the company such as mergers or liquidation.

2. Shareholders have the right to vote on the creation of additional capital. The creation of any additional shares that dilute the existing shareholder base cannot be created without majority shareholder approval.

---------------------------------------------------

Good Question. First, though - let me clarify - I am not "CEO/Owner". We all own this company. I am Chairman of the Board based on my equity holding and have been appointed CEO through the board. I hold the assets in trust in my capacity as Chairman, but ultimately the CEO of FED will be a position appointed by our board's discretion.

I don't think you would be asking this question if I didn't hold a majority of shares. In ZEN, I am a minority share holder, but I am also appointed CEO. We have achieved a better framework for a real collaborative company structure with ZEN, a goal I am working towards here that should I should be able to reposition through this year into 2012. To be Frank, FED needs a boost in operations and new line of business (in finalization) before I can focus more on designing the company framework.

I wouldn't go through with anything listed in point 1 or 2 if the broader shareholder body didn't support it, which is the in the spirit of this document. However I don't know that it's fair to ask me to fully remove myself from voting. Some things to consider:

a) A vast amount of my shares were fully purchased, and the balance were inherited upon the execution of Ford's SL will in 2009.

b) I am the successor, not founder of this company. My interest in the company stems from the fact that I didn't want the company to fold in 2007 when Ford left for Iraq, which would have forced liquidation.

c) Ford Edelman& Co. has fully repaid through dividends over the last 3 years the amount recieved in IPO capital .

d) Our operating record reflects a strong bond with our shareholders, big and small, through 3 exchanges and 4 exchange heads.

While I can see your point, a decision monopoly is unfair, I don't know why my equity rights should be flatly denied from voting on matters of importance such as points 1 and 2 just because others have not been good leaders. In the code of ethics it's spelled out that management must always act in good faith in matters pertaining to the whole of the company, including other shareholders.

I can assure you that if it comes down to 1 and/or 2 I, or any future FED CEO, is going to have to make a good case for it in public. The intention here was to establish that a strong business case must be made in public and a public vote held in those cases. I don't think I or the board would or should be able to proceed on those points if the broader shareholder body rejects.

Please let me know your thoughts.
Apr 29th 2011, 08:12
Ashleigh Wade
CapEx Rules Discussion » Section 3: IPO and SPO applications (ss: b)
Re: Section 3: IPO and SPO applications (ss: b)

Edited by moderator Apr 29th 2011, 08:12
Agreed. The companies should be responsible for some form of self governance in connection with their shareholders.

Each company is different and should be organized in a way that benefits it ability to efficiently handle operations. I would support making a company provide a published basic framework regarding a governance structure and investor relations statment instead of a 50%+1 or 80% rule.

Regarding assets -

“In a real estate the avatar that own the SIMS is an avatar of the CEO, credit card ? CEO one.

I consider my self an emplojee of the company BUT de facto pixelook is registered with my name and the owner in rl is myself, then is jast a question of etics and fair play.”

True, however I believe the positioning should be that one holds assets in trust. As part of succession planning we should be thinking through how to mitigate asset risk issues. For instance with ZEN, we have split the regions where 3 are held in trust under the chairman, and 3 under the holding alt (controlled by the vice chair - me). This spreads the risk and helps ensure some level of continuity in the event our emergency succession plan fails.
Jul 5th 2011, 20:43
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting
Ford Edelman & Company
2Q 2011 Financial Information

http://www.fordedelman.com/FED_2Q_YEAR_2011.xls
Jul 5th 2011, 20:47
Ashleigh Wade
Capital Exchange Archive » FED : News Story: Ford Edelman & Co. marks solid 2Q 2011, aims to formalize mark
News Story: Ford Edelman & Co. marks solid 2Q 2011, aims to formalize marketing
I’m pleased to release the 2Q 2011 results and investor update.

In 2Q 2011, Ford Edelman realized revenue of L$47,226, which represents a 14.8% improvement over 2Q 2010. After expenses we realized a net of L$36,259.47, a 25% increase over 2Q 2010. Increased profitability can be attributed to the slight increase in revenue coupled with a reduction in tier expense.

Ford Edelman & Co. remains one of the oldest extant SL Public Companies operating under both founder and successor management. We have been in consistent operation since 2006, were one of the first public listings in 2007, and since we started dividend tracking in May 2008 we have returned over L$476,957 to shareholders at a consistent rate of L$.01 per share per month. We want to thank our clients, investors and friends for their support.

Going forward I will be looking to formalize our marketing services menu, engage our current service clientele in long term service agreements, and begin finding time to take on new clients. On the product side, I will be looking to dust off our product development plans and see if I can get that back on track, although that will take a backseat to the roll out of marketing services, which has really become our bread and butter operation.

Look for more information (and a presentation!) to follow a little later this month.

Ash
Jul 16th 2011, 07:14
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
ZEN 2Q 2011:

http://www.impeccablyzen.com/ZEN_2Q_Year_2011.xls

Commentary to follow.

Jul 26th 2011, 20:04
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: ZEN's First Ever 7 Seas Fishing Tournament - Sat, Jul 30 6PM
News Story: ZEN's First Ever 7 Seas Fishing Tournament - Sat, Jul 30 6PM
ZEN’s City of Ata is pleased to announce the first of many on-going events, starting this weekend with our first ever 7 Seas Fishing Tournament.

Please join us on

Saturday, July 30th, 2011

6PM SLT

at Sushi Valley 142, 114, 25

for this exciting event.

We will be hosting it at Port Sushi Valley, our newest shopping destination in the heart of a bustling area. Located on the waterfront, the Shops at the Port are adjacent to Phoenix Falls, the world famous live events venue, and Flanagan Contracting, a world class custom building firm.

The piers will be populated with boats and pier spots where you can catch that whopper. Cash and gift prizes will be given out to top finishers.

**Note: You must have a pro fishing rod to participate. There is a vendor available at the location for purchasing rods and bait***

Come early to shop around the rest of the city in Tamaqua, Panther Valley and Tuscarora. We have a something for everyone!

If you have any questions, please feel free to contact me.

Drama Viper
ZEN Events Coordinator
Jul 27th 2011, 13:27
Ashleigh Wade
Capital Exchange Suggestions » Monthly Status Reports and Share Locks
Re: Monthly Status Reports and Share Locks

Edited by moderator Jul 27th 2011, 17:57
Andy is a strong proponent of free market theory. I would think you all know this by now :P

I believe his position stems from the belief that the exchange should just facilitate trading, and that the investor should be fully aware of (and actively monitor) where they put Linden. This position places the blame for failure with the public, meaning the investor is self-regulator. The exchange extending control beyond this creates potential liability issues in his point of view. The opposite of his thought, the issue where rules are written to consolidate ultimate power in one sole authority has caveats of its own. We could discuss theory all day. I myself believe in a blended method.

I am actually writing to share thoughts on the other matter, updates. I understand reasoning behind monthly updates and agree is it is a good practice (admittedly one I don’t always follow). I don't see, though, where it’s beneficial curtailing any potential fraud. I actually think it could promote investor apathy towards their investments.

I find the typical SL investor these days has been conditioned to care about only one thing - dividends. This message is expressed to the point that it has become the sole criteria some people are using to invest. To me, this is dangerous for two reasons: a) it pressures companies that are not profitable to issue dividends they can't afford and b) dividends are not the sole factor in a company's health or long term viability.

The current focus on dividends can trick people to invest in IPO companies with lots of cash promising unheard of dividends. In some case these IPO Companies have a great idea, but little financial acumen and no operating record. I am not implying any company falls into either category; however a real concern of mine is that someone could sell great idea in IPO, fluff the financials, issue dividends from the IPO funds, give weekly "updates" and then just poof after collecting 50.1 to 80% of the dividends/IPO funds. This is a very real scenario that has happened before. Multiple times on old exchanges. CAPEX does have, is forming or will form nice processes to monitor for this, but no system is perfect.

The focus on the short term "gimme dividend" can also cause loss of focus on ensuring long term viability. This lack of focus, and the gold rush, was also a major contributor to the 2007-2010 "stock markets going down the toliet", a period in which I, and many of you, saw the failure of hundreds of companies across six exchanges (WSE, AVIX, SLCAPEX, ACE, ISE,VSTEX). Only three of the WSE IPOs exist today coupled with a handful from the other exchanges. Out of hundreds. This is reality.

The bottom line is that investors need to take more interest in a company outside of "what’s the dividend" and expecting a monthly update. Investors should support their companies and encourage long term thinking. If your company is not updating you, inspect physical locations. If something seems strange to you, study the numbers and compare like companies. Check for inconsistencies. You should also ask questions regarding company-implemented investor protection policies, and collect information regarding succession planning. Choose your investments wisely.

All the best,
Ash

[Edited to clear up my garbled thought]
Aug 9th 2011, 08:30
Ashleigh Wade
Second Ads » News Story: Letter to ADS investors - ADS Stock Split Proposal
Re: News Story: Letter to ADS investors - ADS Stock Split Pr

Edited by moderator Aug 9th 2011, 09:05
Question:

http://www.slcapex.com/home/story/system/3389

Why, if 1.5 Million shares are approved for the SPO at the current structure, does the proposal jump to 3.6 million on the split adjusted? Shouldn’t it be 3 Million?

Just for investor disclosure I did a quick chart on SPO dilution and came up with this post SPO scenario, using an SPO of 3.6 million.

http://www.wicksterworldwide.com/Ads_Split_and_SPO.pdf

Please let me know if this scenario is correct or if I am missing something. As I see it, I think the split is beneficial to help trading, but I don't know if I would go through with the SPO unless really needed. It would cause quite a bit of dilution.

Thank you and kind regards.
Aug 9th 2011, 14:19
Ashleigh Wade
Second Ads » News Story: Letter to ADS investors - ADS Stock Split Proposal
Re: News Story: Letter to ADS investors &amp

Edited by moderator Aug 9th 2011, 15:12
As I was saying before, the SPO is not agreed to under the terms you outlined in the OP.

1.5 Million was agreed pre-split.
http://www.slcapex.com/home/story/system/3389

With the split, the SPO would double to 3 Million under agreed terms. You are proposing 3.6 Million in the OP. There is a disconnect here and any overage will need to be re-vetted by the CERC.

I also don't understand why the CEO of the company is willing to let go of an additional 20% of the company and lose majority control. This will mean that management would truly need to yield to broader shareholder wishes.

Impact analysis:
http://www.wicksterworldwide.com/Ads_Split_and_SPO.pdf

Under the scenario you've outlined the CEO would need to buy over half of the SPO to maintain majority control unless you plan to create additional shares for management, which will further dilute the structure.

This is a company with great products. We use them everyday and we are happy,solid customers and shareholders. From what I can determine, it can easily fund its own growth (and has - see last paragraph).

Questions:

a) Why isn't revenue being redirected to help fund growth? If people are willing to sacrifice thier share of the dividend pie to dilute the structure, why not allow the same through profit re-investment, which will keep everyone's equity the same?

b) How does the company plan to support a structure where less than half of the shares are owned by management? Will it position itself into a truly board controlled structure?

c) Why is the SPO being based on "numbers of shares to be issued" instead of "this is the amount of money we need to fund growth, and this is how we plan to execute spending it" so we need to issue X number of shares at x price to meet this capital requirement?

Finally, from what I can determine from your financial reports it appears that no capital from the IPO has been spent. It looks as if revenue is easily meeting expenses each month, and therefore funding current growth. Is this correct? If so, you should have L$2.4 Million (minus IPO fees)in cash on hand, plus earnings after dividends from the last few months? Is this the case? You don’t disclose a cash position or balance sheet in your financials I can't tell if this is correct. Please comment to this effect.

Thx in advance.

As its stands - Split YES, SPO NO
Aug 9th 2011, 15:03
Ashleigh Wade
Second Ads » News Story: Letter to ADS investors - ADS Stock Split Proposal
Re: News Story: Letter to ADS investors - ADS Stock Split Proposal

Edited by moderator Aug 10th 2011, 07:59
Hi Violette -

The split within itself would not affect the amount you receive in a dividend. It's just a scaling issue.

Hypothetical Split -

A company has 10 shares outstanding. You hold one share. The company pays a dividend of L$10, or L$1/share. You get L$1.

The company splits 2:1.

The company now has 20 shares outstanding. You now have 2 shares (split adjusted). The company pays a dividend of L$10, now L$.50 per share. You still get L$1.

This split will merely increase the numbers of shares outstanding and your equity will be scaled accordingly. Splits are useful tools to make shares more attractive to the marketplace.

This is different from a secondary issue (SPO) where new shares are being ADDED to the structure and thereby dilute the entire investor equity.
Aug 9th 2011, 17:33
Ashleigh Wade
Second Ads » News Story: Letter to ADS investors - ADS Stock Split Proposal
Re: News Story: Letter to ADS investors - ADS Stock Split Proposal

Edited by moderator Aug 9th 2011, 17:35
Yes, Wili thank you.

The split makes perfect sense to me. And thank you for your openess to re-examine the SPO. I can see logic in needing more capital, but it seems like we are putting the cart before the horse sometimes.

Regarding the dividend, it does help the exchange, and you are paying one of the biggest dividends. However that within itself does not make a good company. I can tell you myriad ways that can go wrong. I do think that shareholders are willing to bite the bullet sometimes and go a quarter or two without dividends to fund growth. Keep this option open.

Regarding your development, I have no idea what it takes to develop database networked systems. I would like to, and thats my point. I can't discern it from your financial reports. I think we would all like to know so we can understand the company better, and a more transparent picture will only help your case when you want to do things like SPO. The only communication I've seen is "give us money so we can expand" with no real detail as to what that development entails.

I get that you are into big business and I love that. However bigger business, more shareholders and greater money is going to give way to the need for greater transparency, more investor protection and tougher questions.

Finally, I LOVE everything about your ad products. We are in the process of installing ADS systems throughout all our regions. This is a great company and I can see how it can have a great future.

Thank you for your answers. All the best.
Aug 9th 2011, 18:26
Ashleigh Wade
General Investment Discussion » The 401(keg) Plan
The 401(keg) Plan

Edited by moderator Aug 9th 2011, 18:29
If you purchased $1,000 of shares in Delta Airlines one year ago,you would have $49.00 today.

If you purchased $1,000 of shares in AIG, you would have $33.00.

If you purchased $1,000 of shares in Lehman Brothers, you would have $0.00 today.

But, if you purchased $1,000 worth of beer, drank all the beer, turned in the aluminum cans for recycling, you would have $214.00.

Thus the best current investment plan is to drink heavily & recycle. It is called the 401(keg) Plan.

--------------------------------------------

I saw this on facebook today and laughed. A little humor for you ;) Have a great rest of your week.
Aug 10th 2011, 10:32
Ashleigh Wade
General Investment Discussion » The 401(keg) Plan
Re: The 401(keg) Plan

Edited by moderator Aug 10th 2011, 10:44
I think you are arguing semantics. If you research the history of trading in SL over the last 4 1/2 years you would realize only in very rare cases will you be able to move any huge amount of shares out of any company at market on any given date. However, Radio could transact most if not all of his holdings in a 1:1 sell arrangement executed manually through the exchange in a given day. So yes, if it came down to it, I imagine the bar tab could be paid with some change to take home. It's not going to be as easy as "click, sell" but a manual transaction can and has been done many times. Specific to Capex, I could name a few potential interested parties that would bite if Radio decided to get out.

As far as liquidity, you must realize that this market is at its most liquid level in years. That's not to say more can't be done, but you have to understand the history of the marketplace in order to understand the marketplace today.

Thoughts:

The new funds might provide a nice backstop for liquidity, if they are all bought under buy orders.

I have also seen companies that attempt to provide liqiudity by providing buy and sell backstops and publishing thier intention (with the appropriate approvals of course).

Also, to the note above, I've seen individual investors and establishments who work with companies to provide liquidity as well.

A campaign to attract more day traders would also help.


The bottom line is that you can't approach this exchange expecting the same trading enviroment and conditions you see on trillion dollar 100+ year old exchanges. It's still a work in progress that has seen more failure than success. That's reality. It's a prospectors market. Be real about it and never invest more than you can't live without for some period of time. Do your homework and know the company you invest in thouroughly.

Curious, what would be some of your ideas to increase liquidity?
Aug 11th 2011, 06:43
Ashleigh Wade
Second Ads » News Story: Letter to ADS investors - ADS Stock Split Proposal
Re: News Story: Letter to ADS investors - AD

Edited by moderator Aug 11th 2011, 07:03
This isn't about faith. This is about management.

You say you are about big business. Publically owned big business:
-Organizes and acts in a way that protects and preserves shareholder's equity.
-Publishes detailed financials, both balance and profit/loss statements, so investors can where thier money is being spent.
-Builds budgets to assess exactly what is needed to fund a project, and seeks capital to meet those requirements through multiple sources of funding, not just a dilutive SPO.
-Listens to thier shareholders.
-Listens to others who might have more experience.

"Dividends are the sole reason why trust in this exchange is growing at such pace. Proposing to cut down on dividends would be like cutting our growth."
-Wili

This statement is simply false. Companies have been issuing dividends since SL investing began 4 1/2 years ago. Yours may be higher than most, but you are not unqiue or new. So dividend may be A reason, but its not the SOLE reason. I would say a bigger factor building trust in this exchange is because of the change in management and subsequent follow-on of new listings. I 've seen this "newness" effect happen it about 4 times over five years. This is nothing new.

If anything the dividend "hype" has caused reckless fiscal policy where companies are issuing dividends they can't afford, or shouldn't be because they should be funding growth.

Please see:

http://www.investopedia.com/terms/d/dividend.asp#axzz1UjA7euvP

Specifically - "High-growth companies rarely offer dividends because all of their profits are reinvested to help sustain higher-than-average growth."

This will be my last post on this. I agree with Cash. Let's move on.
Aug 11th 2011, 07:04
Ashleigh Wade
Second Ads » News Story: Letter to ADS investors - ADS Stock Split Proposal
Re: News Story: Letter to ADS investors &amp

Edited by moderator Aug 11th 2011, 07:33
I didn't see a date on the site? How do you know when this was written?

And I am confused how the lower costs of servers has offset the other overhead costs such as payroll, scripting expenses, physical locations, etc? If this is the case I look forward to my LinkedIn dividend soon. And, if this is the case as you state, and costs are so low, why is there even a need for this company to continually raise so much capital? If it is so cheap and easy to do then there should be no need for the SPO. You and Wili disconnect here.

Also, Amazon has never issued a dividend. Ironically, its because they are using profits to fund growth.

From thier investor relations site:

http://phx.corporate-ir.net/phoenix.zhtml?c=97664&p=irol-faq

7. Does Amazon.com distribute dividends or have a Direct Stock Purchase Plan?

We have never declared or paid cash dividends on our common stock. We intend to retain all future earnings to finance future growth and, therefore, do not anticipate paying any cash dividends in the foreseeable future. The Company currently does not offer a Direct Stock Purchase Plan.

Aug 11th 2011, 07:43
Ashleigh Wade
Second Ads » News Story: Letter to ADS investors - ADS Stock Split Proposal
Re: News Story: Letter to ADS investors - ADS Stock Split Proposal

Edited by moderator Aug 11th 2011, 07:50
I understand your point regarding the internet. I was merely using the site to illustrate my point. My knowledge comes from actually being involved in public company corporate affairs. I find it interesting, though, that both investopedia and amazon cite the same reasoning, no dividend to fund growth in a high growth company.

"Now I want to make one thing clear from my own perspective, I do not know what costs Wili is incurring and all that...I do not have access to the stuff he does but doing this SPO and giving access to 11,000+ potential new investors that are already playing the game is **BY FAR** the most important point."
-Sparhawke

Actually, you knowing what costs Wili is incurring is **BY FAR** the most important part. I hope we can agree on that. A large part of the reason I am against an SPO is because we have no idea what is being/has been spent from the IPO. This should be accounted for and then the SPO would make much more sense.

I am not saying the SPO is wrong, what I am saying is that it needs to be done for the right reasons. And it one of many tools to fund growth, such as incurring debt or shrinking the dividend. What I am asking for is the ADS stays open to looking for other sources of funding.
Aug 11th 2011, 08:17
Ashleigh Wade
Second Ads » News Story: Letter to ADS investors - ADS Stock Split Proposal
Re: News Story: Letter to ADS investors - ADS Stock Split Pr

Edited by moderator Aug 11th 2011, 08:30
LOL - Nah, put the purse away LOL. We have the same goal, to see ADS be a pinnacle SL public company.

I am probably coming across as a lot more brash than i mean to be. I honestly only have the best intentions.

Aug 25th 2011, 21:03
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Changes to the Board of Directors - Public Notice
Changes to the Board of Directors - Public Notice

Edited by moderator Aug 25th 2011, 21:05
Please note the following changes have been made by the Supervisory Board of Directors in a quorum called by the Chairman this evening:

Effective immediately Gabrielle Maktoum will be removed from the board. We wish to thank Gaby for her service and wish her well in her future endeavors.

Effective immediately the use of the title of Chief Executive Officer, or CEO, will be discontinued by Zhenya Zoning Real Estate Company. Going forward, the title President and/or Managing Director will be used to denote the title of the executive appointed by the Supervisory Board to oversee total management of company operations and chair the Management Board.

These changes will be incorporated into company publications going forward, and the prospectus and any respective company governance documents will be updated this weekend.

Accepted and ratified by the Supervisory Board of Directors effective August 25, 2011.

In attendance:
Zaldar Rhode, Executive Director, Chairman
Ashleigh Wade, Executive Director,Vice-Chairman
McChris Flanagan, Executive Director
Danica Sparta, Executive Director, Corporate Secretary
YummySarra Genesis, Executive Director
Aug 31st 2011, 10:12
Ashleigh Wade
Capital Exchange Archive » BDVR : BoD compensation
Re: BoD compensation

Edited by moderator Aug 31st 2011, 10:24
Back on topic. I support a percentage compensation, and in shares.

The more you make the shareholders the more you receive for your work. Work is obviously whats needed, therefore the shareholders should support incentives to get work done.

It's a common practice in RL to compensate a Board. This should be no exception in SL. Considering some of the shenanigans pulled by other companies to enrich thier executives, that people cheer on, I find this to be fairly straight forward and open.

I have to agree with Lea, though, Alain about the disclosure issue. If the person doesn't want to be identified - okay, but it should be noted in the financials.
Sep 8th 2011, 10:27
Ashleigh Wade
Capital Exchange Suggestions » Ability for CEOs
Re: Ability for CEOs

Edited by moderator Sep 8th 2011, 10:34
Workaround until he system is in place (what Texela alluded to above) - Download and store shareholder lists on a regular basis to track who is buying and selling based on the lists.

Be careful though. A lot of people might feel that what they buy and sell is thier business alone. I usually use it to monitor trends and only intervene and talk to someone when I notice something really out of the ordinary.
Sep 8th 2011, 10:36
Ashleigh Wade
Capital Exchange Archive » BDVR : BDVR BoD compensation voting
Re: BDVR BoD compensation voting
50010 shares for option 3. Each director gets 1% of profits for the past month, but the payout is to be in shares (shareprice to be drawn from NAV).



Sep 8th 2011, 14:36
Ashleigh Wade
Capital Exchange Suggestions » Ability for CEOs
Re: Ability for CEOs

Edited by moderator Sep 8th 2011, 17:11
I think Lindsay hit the nail on the head when she said we all know who is dismayed at what.

I myself have never contacted my shareholders regarding the "why" of their trading activity. I would only do so if I suspected fraudulent and/or manipulative activity. Years ago I did ask a top ten shareholder to confirm they intiated a large transaction in connection to the shut down of a previous exchange. Overall though my focus is in keeping company operations running. Quite frankly, outside of my staff and the BODs I serve, I don't have the time or interest to worry about who is buying and selling what and why.

In revisiting the original purpose of this thread, I would suggest randomly polling your top ten investor regarding company operations. This would be preferable to tracking sales and conducting exit interviews. I understand your intent in collecting feedback, but shareholders in SL like thier privacy.
Sep 18th 2011, 20:37
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: Zensuality expands widely popular skill gaming area.
News Story: Zensuality expands widely popular skill gaming area.
Zensuality, one of Second Life’s premier adult resort destinations, is pleased to announce it has completed an expansion and renovation of its widely popular skill gaming area.

“We’ve already seen a dramatic increase in interest,” said YummySarra Genesis, Management Board Member in charge of Zensuality. “I‘m excited to see so many people having such a good time.”

The skill gaming area has expanded to include Jaded Cubed Kickers, Jaded Ballz Kickers, Jaded Wordz Kickers, Jaded Jokers, Sphnyx Sliders, AOS Roll’em High, Greedy Greedy, and the insanely addictive Punch Drunk among others. Bets range from as little as L$10 up to L$250 on the boards, with no limits betting available at the Greedy Greedy Skill table.

“We went through a rigorous selection process to choose the skill games”, said Ash Wade, ZEN’s Vice-Chairman and Managing Director. “At the end of the day, I believe we chose a collection of games that is complementary to the spirit of the region and community. Punch Drunk, in particular, appears to be well worth the investment, with payoffs already apparent to both the company and the community. We will be holding daily contests featuring Punch Drunk.”

Zensuality is an adult tropical resort featuring a resident nudist community, private residences, the most exclusive and discreet high end escort services in Second Life, and myriad opportunities to relax, enjoy and have fun. The region features daily parties and contests hosted by YummySarra Genesis.

Visit the Zensuality Skill Gaming Area at: http://maps.secondlife.com/secondlife/Zensuality/127/115/21
or search for Zensuality.

About Zhenya Zoning Real Estate Company:
Since 2007, Zhenya Zoning Real Estate Company has been a leading boutique community-oriented metaverse estate company. ZEN operates two themed estates, the City of Ata and Zensuality, and engages in many strategically advantageous business partnerships in line with its vision and mission. ZEN brings a Second Life community to life!
Sep 19th 2011, 17:08
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: ZEN luvs MiLOS HuGs / L$15,000 in L$ & Prizes @ In-Store Event
News Story: ZEN luvs MiLOS HuGs / L$15,000 in L$ & Prizes @ In-Store Event
ZEN and the City of Ata are proud to co-host this MiLOS in-store event.

.::The Launch of MiLOS HuGs – The Ultimate Winter Boots::.

DATE: Saturday, September 24, 2011

TIME: 4-6 PM SLT

LOCATION: MiLOS Flagship Store, Tamaqua 115,134,23
http://slurl.com/secondlife/Tamaqua/118/134/23

Save the date. On Saturday, September 24th MiLOS Designs will launch the very first in a Mesh line of products, MiLOS HuGs.

MiLOS HuGs are perfect. Made from the finest virtual Australian sheepskin, these boots are of the highest quality and give you that comfy, warm and relaxed feel. Mesh ensures that perfect fit, all the time, regardless of circumstance.

The event will feature a live DJ, free buffet and lots of prizes and cash.

Yes, cash. It gets better. In connection to this event, MiLOS will be awarding cash and product prizes worth over L$15,000, including:

.::Where do YOU wear your HuGs?::. – A pre event photography/graphic design contest.

MiLOS Designs wants your talent to shine. Put on your HuGs and do your best. The winning pieces will become part of the Fall 2011 advertising and promotional campaign. Fun and luxury never go out of style.

Also note, the first 5 people to contact firstdesigns MiLOS by notecard will receive a HuGs gift pack. After that, you must purchase a pair at https://marketplace.secondlife.com/p/MiLOS-HuGs-Chestnut/2685987 or in-world at
http://slurl.com/secondlife/Tamaqua/118/134/23

Prizes –
1st Place - L$3,000
2nd Place - L$2,000
3rd Place - L$1,000

Nitty Gritty –
One submission per avatar. Submission must be received by firstdesigns MiLOS no later than Friday September 23, 2011 at midnight SLT. Submission must fall within a SL Mature Rating. Submissions must feature at least one person displaying the way you use and abuse your HuGs. HuGs must be featured. Graphic design is encouraged. Employees of MiLOS Designs and Zhenya Zoning Real Estate Company are prohibited from participating. Milos Designs executives will pre-screen, and winners will be selected at the event by a panel of judges appointed by MiLOS Designs.
Sep 19th 2011, 17:20
Ashleigh Wade
Capital Exchange Suggestions » Forum Etiquette And Guidelines
Re: Forum Etiquette And Guidelines
I was actually thinking shut down the forums too, but then I found myself pointing out to our events coordinator that all our prior events and info could be found there.

It dawned on me that a good point in having this forum is the ability to centrally search (albeit in a rough way) company and exchange history. This is important to archive because most companies are not doing it themselves. I still draw on the VSTEX and ICE forums when doing research sometimes.

Just a thought...
Sep 23rd 2011, 16:11
Ashleigh Wade
CapEx Rules Discussion » Clarification - Voting Shares At Meetings
Re: Clarification - Voting Shares At Meetings

Edited by moderator Sep 23rd 2011, 16:18
The easiest approach would be a required notification period for a company to publish that a vote will be held on X date, and the shareholders list from X date at X time will be used. I would also require that a list of shareholders eligible to vote (without amount of shares for privacy reasons) be available for inspection.

Skip - “What would you say to a shareholder that buys 25% of the company shares, and objects that they don't have the right to vote them?” [Presuming this is after the list is frozen]

I would say “You knew which list was going to be used because it was clearly published in accordance with CAPEX's required notification period. Therefore, you should have bought the shares during the notification period prior to the vote list being frozen.” Acquiring 25% of a company shows an aggressive agenda anyway, and in RL a stake that large would most likely be eligible for a seat on a company’s Board. I currently don’t see a scenario at CAPEX where this [25%] sort of aggressive acquisition just to sway a vote would realistically apply.
Sep 24th 2011, 13:17
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: ZEN luvs MiLOS HuGs / L$15,000 in L$ & Prizes @ In-Store Event
Re: News Story: ZEN luvs MiLOS HuGs / L$15,000 in L$ & Prizes @ In-Store
Starts in 3 hours! :)
Sep 24th 2011, 13:20
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: ZEN likes you. Do you like us? Show us on Facebook.
News Story: ZEN likes you. Do you like us? Show us on Facebook.
Like us, and keep up with all our current current events:
http://www.facebook.com/pages/Zhenya-Zoning-Real-Estate-Company-ZEN/118732728184

Our event tonight - The Launch of Milos HuGs

.::The Launch of MiLOS HuGs – The Ultimate Winter Boots::.

DATE: Saturday, September 24, 2011

TIME: 4-6 PM SLT

LOCATION: MiLOS Flagship Store, Tamaqua 115,134,23
http://slurl.com/secondlife/Ta​maqua/118/134/23

Save the date. On Saturday, September 24th MiLOS Designs will launch the very first in a Mesh line of products, MiLOS HuGs.

MiLOS HuGs are perfect. Made from the finest virtual Australian sheepskin, these boots are of the highest quality and give you that comfy, warm and relaxed feel. Mesh ensures that perfect fit, all the time, regardless of circumstance.

The event will feature a live DJ, free buffet and lots of prizes and cash.

Yes, cash. It gets better. In connection to this event, MiLOS will be awarding cash and product prizes worth over L$15,000, including:

.::Where do YOU wear your HuGs?::. – A pre event photography/graphic design contest.

MiLOS Designs wants your talent to shine. Put on your HuGs and do your best. The winning pieces will become part of the Fall 2011 advertising and promotional campaign. Fun and luxury never go out of style.
Sep 24th 2011, 13:24
Ashleigh Wade
MiLOS Designs » News Story: MiLOS Get Rich and Get Comfortable - HuGs Launch Party Saturday, Sep
Re: News Story: MiLOS Get Rich and Get Comfortable - HuGs Launch Party Satur
Starts in just under 3 hours! :)
Sep 28th 2011, 14:26
Ashleigh Wade
Online Investment Group » News Story: OIG does not invest in companies of adult (pornographic)
Re: News Story: OIG does not invest in companies of adult (pornographic)

Edited by moderator Sep 28th 2011, 16:10
Hmmm, I guess you missed that "About ZEN" portion of the release you pointed to.

ZEN is not a pornographic content company. This generalization in the thread is absolutely false. We do have an adult themed region, which is the only adult one of six regions we own and operate. It's reckless to apply a whole label over what is a fraction of our business.

ZEN is an estate management company with two themed estates, the City of Ata and Zensuality. ZEN also has a few smaller lines of business, none of which are adult oriented. This is all clearly published in our forums.

The City of Ata is a residential/commercial lifestyle city themed estate. It is general or mature rated depending on the area. Two news releases on this estate were issued after the one you pointed to on Zensuality released 10 days ago.

Zensuality is adult rated. We do not, however, produce any of the "content" on that region. We do manage and operate the region and promote the community. We did support our residents who wished to form a nudist community. We do run daily contests, parties and installed a skill gaming are to support our residents spirit of community. We do also have residents who choose to engage in private businesses.

We are inclusive, and have a policy of supporting diversity. We do not discriminate, particularly along moral and norm lines which tend to vary from country to country and person to person.

We did not venture into creating an adult region by accident. After exhaustive market research, we determined that it would be the most lucrative move to stabilize our estate business at the time. The decision was correct and our board stands fully behind it.

Why? Zensuality is the only consistently full region, and turns enough profit to cover the other five when they are not.

Your policy choice is your own and I respect that, but please do not generalize ZEN as pornographic when it is not. It would have been more correct to say, "we do not invest in companies that have adult themed regions or support adult content".

You should review your positions in a few funds and companies. For example, as Lindsay has pointed out, ADS has many adult ad boards that host more explicit material than you will find in Zensuality. There are also a few more companies, but I will let you find out on your own. I would suggest you start your due diligence now. There's a lot of adult stuff out there that you are not aware of, and they don’t put it in press releases to be singled out.

If anyone would like to know more about ZEN's actual lines of business please check out our 2010 year-end report:
http://www.impeccablyzen.com/ZEN_2010_Year_in_Review.pdf

You can also check out our beta website (still in development) at:
http://www.impeccablyzen.com/wordpress/

If you choose to visit Zensuality, you can find it at:
http://maps.secondlife.com/secondlife/Zensuality/127/115/21

If you want to see the larger portion of the business, the City of Ata, which hosts many of SL's leading content creators, has live shows and is a fashion mecca, please visit:
http://slurl.com/secondlife/Tamaqua/118/134/23

If dont have time, check our our flickr photostream of the City Activities:
http://www.flickr.com/photos/zen_world

As I said before, I respect the decision and right of OIG to implement a policy that is best suited to its shareholders. I just need to make it clear that what ZEN's business actually is, and that is not creating pornographic content, as we feel this thread may lead people to believe.
Sep 28th 2011, 16:43
Ashleigh Wade
Online Investment Group » News Story: OIG does not invest in companies of adult (pornographic)
Re: News Story: OIG does not invest in companies of adult (pornographic)
It's not a war. I am simply seeking to clarify ZEN's actual business in the context of this thread that has labeled it as pornographic, which it is not.

OIG is absolutely entitled to create policy, and invest how it wants in connection to its shareholders. It will not, however, do this at the expense of attempting to label or re-label ZEN’s brand. Both OIG and ZEN have been around for years, and OIG has never shown interest in ZEN. To single us out in justification of this policy is not right. There are plenty of other companies, in which OIG is already invested, that are just as "pornographic" as ZEN.

If I am not mistaken, the second commandment is actually "Thou shalt have no other Gods before me" (e.g., Idols, Money, Lindens).

I think what you are referring to is when Jesus was questioned [and I'm paraphrasing] "What are the most important commandments?" and he said "1)Love the Lord your God with all your heart and 2) Love your neighbor as yourself." This answer is actually a summary of the commandments, with answer 1 covering commandments 1-4, and answer 2 covering commandments 6-10.

My favorite part of Jesus is that he was all about love, understanding, non-discrimination, and inclusiveness. My best to OIG.
Oct 15th 2011, 09:58
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting

Edited by moderator Oct 16th 2011, 18:37
3rd Quarter 2011 Only results:
http://www.fordedelman.com/FED_3Q_YEAR_2011.xls

Year to date results:
http://www.fordedelman.com/FED_YTD_YEAR_2011.xls

Ford Edelman & Co. ups dividend, turns five next month.

Ford Edelman & Co. (CAPX:FED) is pleased to announce a rise in dividend for the remainder of the year.

In 3Q 2011 FED saw a 94% year over year rise in revenue related to a rise in freelance marketing and consulting projects. As a result, accumulated net profit for the year (after dividends) has reached L$ 40,000. After review, we have decided to raise the dividend paid in October, November and December to L$.02/share. A L$.01/share “true up” dividend for October will be issued with this announcement.

Ford Edelman & Co. is will be celebrating 5 years of existence in November 2006. A premier marketing services and creative innovation firm, FED enjoys the distinguished honor of being the oldest SL public company to operate under successor management. Since May 2008, FED has released L$516, 957 in dividends to shareholders, equaling approximately L$.52 per share, and is L$116,957 over the L$400,000 raised through the IPO in late 2006/early 2007. Unfortunately data prior to May 2008 was destroyed in a hard drive failure.

FED is also pleased to announce the appointment of YummySarra Genesis to the Board of Directors. Her wildly successful social skills will provide a great addition to our team.

If you have any questions, or just wish to visit us, FED encourages you to visit the Ford Edelman & Co. metaverse headquarters in-world at http://maps.secondlife.com/secondlife/Tuscarora/152/105/23
Oct 15th 2011, 10:00
Ashleigh Wade
Capital Exchange Archive » FED : News Story: Ford Edelman & Co. ups dividend, turns five next month.
News Story: Ford Edelman & Co. ups dividend, turns five next month.

Edited by moderator Oct 16th 2011, 18:38
Ford Edelman & Co. (CAPX:FED) is pleased to announce a rise in dividend for the remainder of the year.

In 3Q 2011 FED saw a 94% year over year rise in revenue related to a rise in freelance marketing and consulting projects. As a result, accumulated net profit for the year (after dividends) has reached L$ 40,000. After review, we have decided to raise the dividend paid in October, November and December to L$.02/share. A L$.01/share “true up” dividend for October will be issued with this announcement.

Ford Edelman & Co. is will be celebrating 5 years of existence in November 2006. A premier marketing services and creative innovation firm, FED enjoys the distinguished honor of being the oldest SL public company to operate under successor management. Since May 2008, FED has released L$516, 957 in dividends to shareholders, equaling approximately L$.52 per share, and is L$116,957 over the L$400,000 raised through the IPO in late 2006/early 2007. Unfortunately data prior to May 2008 was destroyed in a hard drive failure.

FED is also pleased to announce the appointment of YummySarra Genesis to the Board of Directors. Her wildly successful social skills will provide a great addition to our team.

If you have any questions, or just wish to visit us, FED encourages you to visit the Ford Edelman & Co. metaverse headquarters in-world at http://maps.secondlife.com/secondlife/Tuscarora/152/105/23

3rd Quarter 2011 Only results:
http://www.fordedelman.com/FED_3Q_YEAR_2011.xls

Year to date results:
http://www.fordedelman.com/FED_YTD_YEAR_2011.xls
Oct 16th 2011, 18:34
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
ZEN maintains steady profit throughout the summer.

Zhenya Zoning Real Estate Company (CAPX:ZEN) recognized a L$108,086 gross profit in 3Q compared (L$35,847) loss in 3Q 2010. As most know, 3rd Quarter is a widely accepted challenging time for Second Life estate owners, and we are pleased to have maintained profitability throughout the quarter.

After operating expenses and investments in the re-design of our Zensuality Gaming and City Central Park area we netted L$36,643 compared to a (L$89,273) loss last year.
We issued a L$27,715, or L$.01/share dividend on Aug 23 after seeing summer would not be as bad as anticipated.

ZEN Year to Date 2011:
http://www.impeccablyzen.com/ZEN_3Q_2011.xls

ZEN 3Q 2011 Only:
http://www.impeccablyzen.com/ZEN_2011_YTD.xls

Looking for land? Come check us out. Our low prices and boutique size ensure you get the best customer service value for your money. With ZEN you are resident, not just a tier box.

Visit our in-world headquarters at:
http://slurl.com/secondlife/Tamaqua/118/134/23

Like us on Facebook, and keep up with all our current events:
http://www.facebook.com/pages/Zhenya-Zoning-Real-Estate-Company-ZEN/118732728184
Oct 16th 2011, 18:37
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: ZEN maintains steady profit throughout the summer.
News Story: ZEN maintains steady profit throughout the summer.

Edited by moderator Oct 17th 2011, 17:31
Zhenya Zoning Real Estate Company (CAPX:ZEN) recognized a L$108,086 gross profit in 3Q compared (L$35,847) loss in 3Q 2010. As most know, 3rd Quarter is a widely accepted challenging time for Second Life estate owners, and we are pleased to have maintained profitability throughout the quarter.

After operating expenses and investments in the re-design of our Zensuality Gaming and City Central Park area we netted L$36,643 compared to a (L$89,273) loss last year.

We issued a L$27,715, or L$.01/share dividend on Aug 23 after seeing summer would not be as bad as anticipated.

ZEN Year to Date 2011:
http://www.impeccablyzen.com/ZEN_2011_YTD.xls

ZEN 3Q 2011 Only:
http://www.impeccablyzen.com/ZEN_3Q_2011.xls

Looking for land? Come check us out. Our low prices and boutique size ensure you get the best customer service value for your money. With ZEN you are resident, not just a tier box.

Visit our in-world headquarters at:
http://slurl.com/secondlife/Tamaqua/118/134/23

Like us on Facebook, and keep up with all our current events:
http://www.facebook.com/pages/Zhenya-Zoning-Real-Estate-Company-ZEN/118732728184
Oct 24th 2011, 04:54
Ashleigh Wade
Second Ads » News Story: ADS Q3 Statement
Re: News Story: ADS Q3 Statement

Edited by moderator Oct 24th 2011, 06:34
"However, in slcapex terms we have no assets....according to the slcapex rules we just magically create revenue out of nothing...

Just to be clear. We don't have a problem with this. However, we aren't able to lie and say we have assets when - according to the rules - we don't."

-AR

Could you be more specific about which rules you are referring to, and provide links please?

Also, as you know, balance sheets are not just about assets. One of the more important items that would appear on a balance sheet for ADs are your liabilities, such as the amounts held that are still owed to others (e.g. Gold Hunt winnings, Ads Commissions). How are those currently being tracked and reserved, and how do you publically communicate these amounts being held in reserve/owed to others absent a balance sheet?



Oct 24th 2011, 08:09
Ashleigh Wade
Second Ads » News Story: ADS Q3 Statement
Re: News Story: ADS Q3 Statement

Edited by moderator Oct 24th 2011, 08:26
Thanks Wili, but forgive me I am still not seeing it. I may not be looking in the right place or you may be treating it differently. Your monthly statements appear to be profit/loss statements only.

Strawman example:

If 1000 Gold Hunt players play earn L$100 each then you collectively owe them L$100,000.

If each player withdraws the money from your system in the same financial period they earned it you would recognize a L$100,000 expense. If, however, only L$25,000 is withdrawn. then you would expense L$25,000 and the other L$75,000 still owed would be booked as a liability on the balance sheet (money owed but not paid - an accounts payble) at the end of the financial period. Presumably you then would set aside a cash reserve to offset this liability and expense it out as the cash is withdrawn.

I think what you are telling me, however, is that you just expense the fully commissioned amounts each month regardless of whether they have been withdrawn or not? Is this correct?


Oct 24th 2011, 08:13
Ashleigh Wade
General Investment Discussion » Vitual business failure
Re: Vitual business failure

Edited by moderator Oct 24th 2011, 08:14
Hi Garry,

Skip is right; a lot of thought has gone into succession and survivor ability over the years. From what I’ve seen, a first step would be to move away from a CEO centric model to a majority held board governed model. This puts a CEO more in a “we, us and ours” mindset instead of a “me, my and mine” mindset. The companies that have shifted to this way of thinking appear to care a lot more about what happens after current management won’t/can’t/don’t want to govern anymore.

I would like to offer these thoughts to you:

1) It shouldn’t be up to the exchange to ensure survivorship.

I say this because a company, not the exchange, should ensure a company’s future. This means a company’s board and management should be thinking about succession and asset planning, as well as structuring corporate governance to allow for the interest of all holders. A company should plan for itself beyond the exchange because the company can survive the exchange.

2) History, succession planning and governance examination, not just dividends, should be weighed in a decision to invest or not to invest. Further, investors should be asking succession questions of the companies.

Is your company a one CEO shop with little to no BOD involvement, or a properly structured board oversight model with an appointed CEO, planned asset recovery and holding avatar? Which do you think would better mitigate the risk?

3) Unless properly approved by LL in writing, sharing of Avatars is not allowed under LL TOS.

This involves some creative thinking to get around if you are not willing to petition LL for a waiver. In the instance of content creation companies, dual holding avatars can be a possibility. One main and one reserve with shadowed inventory. One controlled a founder and one by a trusted successor to use in an emergency. This could have its own potential issues too.

4) Historical attempts at RL recovery from “flight” CEOs has gotten nowhere.

The reality is the cost to recovery ratio isn’t worth it. There have been instances where attorneys have attempted to recover money invested on a large shareholder’s behalf. In each case this person was served with bankruptcy notices and other litigation blockers. Remember also, LL’s TOS defines the Linden as a limited license, not a currency, so it’s an uphill battle to prove your loss. In most cases I’ve seen there has been nothing to recover or the fees outweigh the loss.

There are many things a company can do to mitigate the succession/survivor risk. I don’t think, however, an exchange mandated solution would be an answer. Absent that, we should be asking each company individually what they are doing to mitigate this risk and weighing that into our investment risk analysis.
Oct 26th 2011, 10:31
Ashleigh Wade
General Investment Discussion » Beware the tax man
Re: Beware the tax man

Edited by moderator Oct 26th 2011, 10:33
http://secondlife.com/corporate/tos.php#tos5

Lindens are not a currency but are instead considered a token or limited license per the TOS. I could see the IRS examining what you put in LL versus what you take out from LL and attempting to tax a positive, however a substantial personal income is not a common thing from what I've seen over the years. For example, I put in thousands of USD each year and rarely take anything out. Everything that might be considered profit is kept, invested and spent in-world, and per the TOS everything in-world is playing with game tokens. Any money moved to USD on account with LL is paid as tier, and in that case LL accounts for it as income and pays taxes on it.

William hit the nail on the head for me too. If it came down to it, I would be able to recognize serious money for failed investments in SL to offset any profit over the years.
Oct 27th 2011, 12:58
Ashleigh Wade
Second Ads » New topic about ADS Accounting
Re: New topic about ADS Accounting

Edited by moderator Oct 27th 2011, 12:59
Hi Amy,

Thanks for your sincerity and honesty. I would like to suggest that, instead of overcomplicating things with GAAP and other international standards which would need to be modified to the reality of a virtual environment, you consider simplifying things down to layman terms. It will be easier for you and for your investors.

I don’t have time to go into detail now, but I will share with you a few thoughts so you can balance it in your feedback. You are going to find a lot of different opinions, and even in RL there are different methods. Ultimately you will need to arrive at something that works for you and your investors.

From my experience in SL balance sheets, investors are really looking at just a few things:

What the company owns – cash and assets.

I would value the hard assets at what you would reasonably expect to gain in an orderly sale of said asset. You also include any receivables for services provided and not yet paid, and any cash reserves needed to offset payments owed to avatars for game/ad earnings. For the intangible assets you may want to have a few people weigh in to arrive at a reasonable figure.

What the company owes - liabilities.

This would include services paid for but not yet delivered, for example the balances paid for ad budgets that haven’t been spent, money owed to individuals that hasn’t been withdrawn, and any other items where people have paid you or earned money that is technically theirs until you provide your service or they withdraw their money.

This, in essence, is what I’ve found people will want to see. A lot of it is art and not science, but the important thing is to be realistic with your approach. More complicated concepts, such as asset depreciation, is arguable to me because a) virtual assets don’t “age”, physical assets do and b) the ever churning customer base ensures a consistent “newbie” influx and negates some of the product saturation effect witnessed in RL.

So I would keep it simple. Value assets at realistic prices for what you actually own (e.g. you can’t really claim to own Business Park, it’s a Bell Estates region, but you do own the brand and that is worth something.) and account for your liabilities.

For ADS, the liabilities side is particularly concerning to me because as the games grow and more people earn more money from the games but don’t withdraw it, it could throw your cash off and potentially make a mess of things. I would strive to think that through and get a handle on it. Perhaps you already have, but as an outsider it’s not clear to me and I see that being a potential issue for you guys.

I hope that helps and wish you guys the best.

Oct 27th 2011, 13:39
Ashleigh Wade
Second Ads » New topic about ADS Accounting
Re: New topic about ADS Accounting
Thanks Amy for the direct, precise (and quick!) answer :)
Oct 27th 2011, 13:42
Ashleigh Wade
Capital Exchange Archive » DDE : DDE is dissolving
Re: DDE is dissolving
It's sad to see an old friend go, but I understand your motivators. If your passion or interest reignites please don't hesitate to contact me if I can be of any help. Over the years you have proven yourself to be a consummate professional and a pleasure to work with. I wish you the best.
Nov 8th 2011, 05:54
Ashleigh Wade
Capital Exchange Archive » BDVR : BDVR BoD elections: member nominations
Re: BDVR BoD elections: member nominations
After taking some time to think about it, I've decided to seek a seat on the board, shareholders willing.

I look foward to working for BDVR.

Ash
Nov 13th 2011, 20:33
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: We Remember.
News Story: We Remember.
We Remember.

http://flic.kr/p/aEsqz8

One year ago our COO was lost to cancer. Join us as we dedicate Annabis Moody Central Park with live music, camaraderie and remembrances.

http://flic.kr/p/aEsqrz

Saturday, November 19, 2011
5-9PM SLT
http://maps.secondlife.com/secondlife/Tamaqua/185/103/22

Socialize with us:
Visit our in-world headquarters at:
http://slurl.com/secondlife/Tamaqua/118/134/23

Like us on Facebook, and keep up with all our current events:
http://goo.gl/kRVzd

Follow Us on Twitter:
@impeccablyzen http://twitter.com/impeccablyzen#
Nov 14th 2011, 17:37
Ashleigh Wade
Capital Exchange Archive » BDVR : BDVR BoD voting
Re: BDVR BoD voting
Years ago I witnessed the birth of the new BDVR and was honored to briefly serve on the Crisis BoD that transitioned the company to current management. This is a group of bright minded people running a company that has proven itself to be a survivor against all odds, even when the chips are stacked against it. It would be a pleasure to offer my thoughts, ideas, contacts and services where needed. BDVR functions as one of the best frameworks for corporate governance in SL, and I look forward to assisting it grow and prosper.

Please vote my eligible share amount to:
Kafka Frugel
Alain Delpiaz
Dimi Frederix
Ashleigh Wade
Troy Tomasso

Please also note that I am willing to lock down my shares, all of which have been purchased by me, to offset any shares needed to meet ownership requirements under CAPEX Terms and Conditions.
Nov 15th 2011, 20:22
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: Tis the Season @ ZEN – L$10/week rentals
News Story: Tis the Season @ ZEN – L$10/week rentals
Tis the Season @ ZEN – L$10/week rentals
http://flic.kr/p/aF2v3k

Creators and Retailers, get to know us. Consultants looking for a promo shop, pay attention. Entrepreneurs, this one is for you too. ZEN has lowered the lease rate on our ZEN City rental offerings, ZEN City Boardwalk and ZEN Fifth Avenue Plaza, to L$10 per week during the holiday retail season. This is our season’s greetings to you, and our offer to see why we are a superior choice when it comes to land and lease in Second Life.

From now until December 31, 2011, lease rates will be L$10 per week for 50 prims and a top notch shop in a premier SL destination. Space is limited and will be given on a first come first serve basis.

About ZEN City Boardwalk:
http://flic.kr/p/aF2uU8
http://maps.secondlife.com/secondlife/Tamaqua/83/216/23

Designed to provide a completely unique shopping experience, ZEN City Boardwalk is a professionally designed build of suites and public areas affording a true ZEN luxe commerce experience. Lease rates are highly affordable. Neighbors include MiLOS Designs, Sparta-Wade Atelier, Lady Mor, Gold in the night, and all ZEN Fifth Avenue Shopping.

About ZEN Fifth Avenue Plaza:
http://flic.kr/p/aF6kYh
http://maps.secondlife.com/secondlife/Tamaqua/79/214/23

Elegance. Luxury. Taste. Experience ZEN's boutique retail experience in Tuscarora. Its a little taste of everything all rolled into one. Located downtown in the City of Ata next to Annabis Moody Central Park.

About ZEN and the City of Ata:

Since 2007 the City of Ata has been a premier crossroads of business, culture, commerce, shopping and live entertainment. Within its boundaries you find the best SL has to offer.

On June 18, 2007, Zhenya Zoning Real Estate Company was founded by Zaldar Rhode. ZEN is owned by a public shareholder body and exists for the benefit of its shareholders and residents. We encourage our residents to invest in our company.

At Zhenya Zoning Real Estate Company, we work to ensure our clients, patrons and shareholders enjoy a meaningful metaverse experience by bringing the community to life, and providing opportunities & services unlike those provided anywhere else in the metaverse.

We envision a virtual world community where your neighbor is your neighbor, and everyone has a home. A world where everyone can have fun, share in our common space, and enjoy a sense of camaraderie.

Terms & Conditions:
Everyone, with exception of ZEN Staff, is eligible for this promotional rate. On January 1, 2012 tier remaining will be recalculated at the regular rate of L$100/week and time remaining will be adjusted to reflect the regular rate.

Socialize with us:

Visit our in-world headquarters at:
http://slurl.com/secondlife/Tamaqua/118/134/23

Like us on Facebook, and keep up with all our current events:
http://goo.gl/kRVzd

Follow Us on Twitter:
@impeccablyzen http://twitter.com/impeccablyzen#
Nov 19th 2011, 17:05
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: We Remember. - Annabis Moody Central Park Event - Starts Now!
News Story: We Remember. - Annabis Moody Central Park Event - Starts Now!
We Remember.

http://flic.kr/p/aEsqz8

One year ago our COO was lost to cancer. Join us as we dedicate Annabis Moody Central Park with live music, camaraderie and remembrances.

http://flic.kr/p/aEsqrz

Saturday, November 19, 2011
5-9PM SLT
http://maps.secondlife.com/secondlife/Tamaqua/185/103/22

Socialize with us:
Visit our in-world headquarters at:
http://slurl.com/secondlife/Tamaqua/118/134/23

Like us on Facebook, and keep up with all our current events:
http://goo.gl/kRVzd

Follow Us on Twitter:
@impeccablyzen http://twitter.com/impeccablyzen#
Dec 12th 2011, 10:43
Ashleigh Wade
General Investment Discussion » Capital Exchange Trading Index (CETI) Moving Forward
Re: Capital Exchange Trading Index (CETI) Moving Forward

Edited by moderator Dec 12th 2011, 10:46
FED and ZEN were both IPOed at L$1.00/share.

FED had 1 million shares and ZEN had (I believe) 2 million at IPO.
Jan 10th 2012, 07:38
Ashleigh Wade
Capital Exchange Archive » FED : Year End 2011 Reporting
Year End 2011 Reporting
I was hoping to have our 4Q and year end closing reports ready for release last weekend, however RL and SL day-to-day work has taken an unusually immense amount of my time for this time of year.

I expect to, at the very least, release the financials this weekend (in line with the CAPEX deadline of Jan 15). I also hope to have the 2011 recap and 2012 forward looking presentations released with the financials, as well as an updated 2012 prospectus.

Thank you for your patience.
Jan 10th 2012, 07:41
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Year End 2011 Reporting
Year End 2011 Reporting
I was hoping to have our 4Q and year end closing reports ready for release last weekend, however RL and SL day-to-day work has taken an unusually immense amount of my time for this time of year.

I expect to, at the very least, release the financials this weekend (in line with the CAPEX deadline of Jan 15). I also hope to have the 2011 recap and 2012 forward looking presentations released with the financials, as well as an updated 2012 prospectus.

In addition, we will begin the 2012 ZEN BoD solicitation and election at that time.

Thank you for your patience.
Jan 15th 2012, 08:41
Ashleigh Wade
Capital Exchange Archive » FED : FED 4Q 2011, Year-in-Review and Look Forward
FED 4Q 2011, Year-in-Review and Look Forward
4Q 2011 Results:
http://www.fordedelman.com/FED_4Q_YEAR_2011.xls

2011 Full Year Results:
http://www.fordedelman.com/FED_FULL_YEAR_2011.xls

Commentary:

4Q Synopsis and Operational Transactions

In 4Q 2011, Ford Edelman & Co. (FED) recognized $65,175 in revenue. After general and administrative expenses FED realized a gross profit of L$51,775.

In October, FED purchased 8,000 shares of BOTs through our holding alt at a cost L$8,000. We are very bullish on BOTS. At December 31st market close this investment was valued at L$9,680 and had yielded L$345.22 in dividends through the end of the year.

In November, Ford Edelman began earnest development of our public relations & marketing services consultancy. We invested in one license for Adobe Photoshop Elements 10 & Adobe Premiere Elements 10 at a onetime cost of L$37,750. In addition, FED secured unlimited use license of the media portfolio and assets of Ashleigh Wade’s former WicksterProductions at no cost to the company. The use of this portfolio will allow us to show our key executive’s work product going back 5 years in SL.

Overall this quarter has been about investing in the future and looking forward.

Year-in-Review

We recognized L$228,696 in 2011 revenue. After expenses, investments and onetime items we realized $138,820.65 in net profit. L$150,000 was distributed in dividends in 2011, netting L$.15 per share. Going forward, we will issue our standard dividend of L$.01 per share per month, with review for special dividends as projects allow us to afford them.

FEdPR & 2012

We are pleased to announce the formal launch of Ford Edelman Public Relations. FEdPR will be the cornerstone of our consultancy services.

For more information, please refer to our capabilities deck and menu of services:

http://www.fordedelman.com/FEdPR_Capabilities_Services_Menu.pdf

We will are also in the process of recruiting one to two more board members with skill, experience and knowledge in scripting, strategic consulting, marketing and/or media to seed future growth. More information will be communicated as events warrant.

Thank you for your trust in Ford Edelman & Co.

About us:

Ford Edelman & Co. (formerly Ford Edelman Designs) is one of the initial 25 companies to IPO on WSE in 2007. As a premier marketing services and creative innovation firm, FED enjoys the distinguished honor of being the oldest SL public company to operate under successor management.

Since May 2008 (records prior have been lost), FED has released L$576, 957 in dividends to shareholders, equaling approximately L$.58 per share - L$176,957 over the approximately L$400,000 in capital realized after IPO in late 2006/early 2007.

If you have any questions, or just wish to visit us, FED encourages you to visit the Ford Edelman & Co. metaverse headquarters in-world at http://maps.secondlife.com/secondlife/Tuscarora/152/105/23
Jan 15th 2012, 08:46
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting
4Q 2011 Results:
http://www.fordedelman.com/FED_4Q_YEAR_2011.xls

2011 Full Year Results:
http://www.fordedelman.com/FED_FULL_YEAR_2011.xls

Commentary:

4Q Synopsis and Operational Transactions

In 4Q 2011, Ford Edelman & Co. (FED) recognized $65,175 in revenue. After general and administrative expenses FED realized a gross profit of L$51,775.

In October, FED purchased 8,000 shares of BOTs through our holding alt at a cost L$8,000. We are very bullish on BOTS. At December 31st market close this investment was valued at L$9,680 and had yielded L$345.22 in dividends through the end of the year.

In November, Ford Edelman began earnest development of our public relations & marketing services consultancy. We invested in one license for Adobe Photoshop Elements 10 & Adobe Premiere Elements 10 at a onetime cost of L$37,750. In addition, FED secured unlimited use license of the media portfolio and assets of Ashleigh Wade’s former WicksterProductions at no cost to the company. The use of this portfolio will allow us to show our key executive’s work product going back 5 years in SL.

Overall this quarter has been about investing in the future and looking forward.

Year-in-Review

We recognized L$228,696 in 2011 revenue. After expenses, investments and onetime items we realized $138,820.65 in net profit. L$150,000 was distributed in dividends in 2011, netting L$.15 per share. Going forward, we will issue our standard dividend of L$.01 per share per month, with review for special dividends as projects allow us to afford them.

FEdPR & 2012

We are pleased to announce the formal launch of Ford Edelman Public Relations. FEdPR will be the cornerstone of our consultancy services.

For more information, please refer to our capabilities deck and menu of services:

http://www.fordedelman.com/FEdPR_Capabilities_Services_Menu.pdf

We will are also in the process of recruiting one to two more board members with skill, experience and knowledge in scripting, strategic consulting, marketing and/or media to seed future growth. More information will be communicated as events warrant.

Thank you for your trust in Ford Edelman & Co.

About us:

Ford Edelman & Co. (formerly Ford Edelman Designs) is one of the initial 25 companies to IPO on WSE in 2007. As a premier marketing services and creative innovation firm, FED enjoys the distinguished honor of being the oldest SL public company to operate under successor management.

Since May 2008 (records prior have been lost), FED has released L$576, 957 in dividends to shareholders, equaling approximately L$.58 per share - L$176,957 over the approximately L$400,000 in capital realized after IPO in late 2006/early 2007.

If you have any questions, or just wish to visit us, FED encourages you to visit the Ford Edelman & Co. metaverse headquarters in-world at http://maps.secondlife.com/secondlife/Tuscarora/152/105/23
Jan 16th 2012, 20:42
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: ZEN 4Q & YE 2011 Reporting
News Story: ZEN 4Q & YE 2011 Reporting
ZEN 4Q 2011:
http://www.impeccablyzen.com/ZEN_3Q_YEAR_2011.xls

ZEN FULL YEAR 2011:
http://www.impeccablyzen.com/ZEN_FULL_ YEAR_2011.xls

In Q4 2011, Zhenya Zoning Real Estate Company (ZEN) recognized L$1,490,672 in revenue. After deducting all expenses our net profit amounted to L$22,355.

For the full year 2011, ZEN recognized L$5,739,798 in revenue, a growth rate of 8% over 2010. In the same period our net swung from a loss of L$(58,014) to a profit of L$192,360. L$109,730 of our net profit was returned to the shareholders via dividends.

Our gross margin in 2011 was 7.57%, and our operating margin 3.95%. Clearly pricing pressure, abundant grid wide land availability and high cost of tier remain a huge challenge, and will for the foreseeable future. The issues of doing business in the land sector are widely known.

Highlights 4Q 2011

In October, ZEN launched Zensual Shores, a new addition to the Zensuality Adult Beach Resort. Designed for residential clients, this homestead features three private islands with amazing amenities and VIP access to our daily parties in Zensuality.

On November 7, 2011 ZEN purchased 9,507 shares of BOTS at a cost of L$9792.21 transacted through our holding alt. At year end the value had risen to L$11,503.47 and had yielded L$224.89 in dividends.

On November 19, 2011 we memorialized Annabis Moody Central Park and raised L$10,000 in donations for the American Cancer Society.

On December 25, 2011 ZEN purchased 3,240 shares for the treasury at a cost of L$2,754.00.

About ZEN, the City of Ata and Zensuality

On June 18, 2007, Zhenya Zoning Real Estate Company was founded by Zaldar Rhode. ZEN is owned by a public shareholder body and exists for the benefit of its shareholders and residents. We encourage our residents to invest in our company.

Established 2007, the City of Ata has been a premier crossroads of business, culture, commerce, shopping and live entertainment. Within its boundaries you find the best SL has to offer.

Since 2009, Zensuality has been ZEN’s adult beach resort experience. Come see why our nightly parties are the talk of SL.

At Zhenya Zoning Real Estate Company, we work to ensure our clients, patrons and shareholders enjoy a meaningful metaverse experience by bringing the community to life, and providing opportunities & services unlike those provided anywhere else in the metaverse.

We envision a virtual world community where your neighbor is your neighbor, and everyone has a home. A world where everyone can have fun, share in our common space, and enjoy a sense of camaraderie.
Socialize with us:

Visit our in-world headquarters at:
http://slurl.com/secondlife/Tamaqua/118/134/23

Like us on Facebook, and keep up with all our current events:
http://goo.gl/kRVzd

Follow Us on Twitter:
@impeccablyzen http://twitter.com/impeccablyzen#
Jan 16th 2012, 20:44
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
ZEN 4Q 2011:
http://www.impeccablyzen.com/ZEN_3Q_YEAR_2011.xls

ZEN FULL YEAR 2011:
http://www.impeccablyzen.com/ZEN_FULL_ YEAR_2011.xls

In Q4 2011, Zhenya Zoning Real Estate Company (ZEN) recognized L$1,490,672 in revenue. After deducting all expenses our net profit amounted to L$22,355.

For the full year 2011, ZEN recognized L$5,739,798 in revenue, a growth rate of 8% over 2010. In the same period our net swung from a loss of L$(58,014) to a profit of L$192,360. L$109,730 of our net profit was returned to the shareholders via dividends.

Our gross margin in 2011 was 7.57%, and our operating margin 3.95%. Clearly pricing pressure, abundant grid wide land availability and high cost of tier remain a huge challenge, and will for the foreseeable future. The issues of doing business in the land sector are widely known.

Highlights 4Q 2011

In October, ZEN launched Zensual Shores, a new addition to the Zensuality Adult Beach Resort. Designed for residential clients, this homestead features three private islands with amazing amenities and VIP access to our daily parties in Zensuality.

On November 7, 2011 ZEN purchased 9,507 shares of BOTS at a cost of L$9792.21 transacted through our holding alt. At year end the value had risen to L$11,503.47 and had yielded L$224.89 in dividends.

On November 19, 2011 we memorialized Annabis Moody Central Park and raised L$10,000 in donations for the American Cancer Society.

On December 25, 2011 ZEN purchased 3,240 shares for the treasury at a cost of L$2,754.00.

About ZEN, the City of Ata and Zensuality

On June 18, 2007, Zhenya Zoning Real Estate Company was founded by Zaldar Rhode. ZEN is owned by a public shareholder body and exists for the benefit of its shareholders and residents. We encourage our residents to invest in our company.

Established 2007, the City of Ata has been a premier crossroads of business, culture, commerce, shopping and live entertainment. Within its boundaries you find the best SL has to offer.

Since 2009, Zensuality has been ZEN’s adult beach resort experience. Come see why our nightly parties are the talk of SL.

At Zhenya Zoning Real Estate Company, we work to ensure our clients, patrons and shareholders enjoy a meaningful metaverse experience by bringing the community to life, and providing opportunities & services unlike those provided anywhere else in the metaverse.

We envision a virtual world community where your neighbor is your neighbor, and everyone has a home. A world where everyone can have fun, share in our common space, and enjoy a sense of camaraderie.

Socialize with us:

Visit our in-world headquarters at:
http://slurl.com/secondlife/Tamaqua/118/134/23

Like us on Facebook, and keep up with all our current events:
http://goo.gl/kRVzd

Follow Us on Twitter:
@impeccablyzen http://twitter.com/impeccablyzen#
Feb 22nd 2012, 11:01
Ashleigh Wade
Second Ads » News Story: ADS on breakup of partnership with SEC
Re: News Story: ADS on breakup of partnership with SEC

Edited by moderator Feb 22nd 2012, 12:04
Building on Marishka's lessons learned -

It's important in contractual partnerships to outline what happens if/when the partnership dissolves, specifically notification procedures and survivorship rights to both intellectual and physical property (e.g., who owns the idea/equipment, how it can be used/pursued, etc) after breakup. This way it is very clear to both parties from the start what is expected in the event of divorce.

It's also good to use SMART criteria (Specific, Measureable, Attainable, Relevant and Time-Bound) to outline work to be achieved. I haven't seen the contract, but if each party was bound to SMART goals there would be no question that obligations were not being met on time and a default event trigger was imminent. Based on the forum conversation it appears like ADS decided to cancel the deal and develop the idea themselves while citing lack of contractual fulfillment as a reason to terminate. This would be no surprise to SEC if they were months overdue on deadlines written into the agreement, but based on SEC's reaction I’m not sure time specific deadlines were set or exceeded.

Often I find agreements in SL are vague and only outline the rosy side of projects. They usually lack specific detail regarding development expectations, and fail to outline what should be expected in an event of default/dissolution.

A word of caution - make sure you anticipate all events as best as possible and get it all in writing, particularly if the idea is your original and you are looking for someone to help develop it. Even if it's your best friend. These things can go downhill quickly and it helps to have a rock solid agreement to guide a breakup.

All the best.
Feb 28th 2012, 14:18
Ashleigh Wade
General Investment Discussion » Google Is Spying On You!
Re: Google Is Spying On You!

Edited by moderator Feb 28th 2012, 14:21
SynCere is right. Google, and pretty much every other website that monetizes by advertising, has been collecting information about you since at least 2002-2003. The thing is, they could care less about you and care more about your profile so they can target advertising.

Those Gmail servers and employees don't pay for themselves. They are paid by highly targeted advertising. So the next time you use Facebook or Google, just realize that the "free" service really isn't free. It's paid by profiling you and serving you highly targeted ads.

Google knows everything about you anyway. They don’t have to spy on you. You tell them all about you via the searches you make.

Facebook even tracks your movements via the "like" button on websites (wether you click it or not). Even if you aren't a Facebook member they will track your IP address and then retro-profile you if you ever sign up.
Mar 26th 2012, 09:10
Ashleigh Wade
General Investment Discussion » Are we creating a bubble?
Re: Are we creating a bubble?
The reality of market correction/business downturn is not a matter of if, but when. Even the most innovative companies will eventually face this reality at one point or another.

To be frank, the biggest impact you can have is encouraging an environment where shareholders understand corrections and downturns are part of doing business and that management needs support, not pitchforks, during those times. The great threat to the SL capital market is management flight when things go south. You just haven’t lived through that cycle yet.

Since 2007 there have been literally hundreds of listed companies that have come and gone across multiple exchanges. Today only 2 of the first 25 IPOed companies even exist. Only 1 of them is controlled by the original manager.

From my observation, the most typical pattern that exists is: IPO -> Great Idea -> Hype and Hubris -> Poor Choices or Business Downturn or Market doesn't exist for product -> Management Flight.

This is the reality. A company and its management shouldn't only be judged by how well the management performs during the good times. The judgment should also be based on how companies perform during bad times as well. In many ways this is the best indicator of long term viability.

The goal of any fund is to spread the risk so that one failure will be absorbed by multiple successes. To answer your question, I don’t see a failure of ADs or EARN as bringing down the market. Companies have routinely failed that were much greater risk takers. The market has survived those - e.g., Ginko $750K USD Market Loss or MNM $70K USD IPO failure. That's just two of hundreds of failures over five years. The market will keep going.

To me, we should be asking a) how do you keep managers motivated/interested/flexible during downturns and b) how much loss can you suffer in this speculative market before you stop investing altogether?
Apr 11th 2012, 11:13
Ashleigh Wade
General Investment Discussion » How do we value a 15K sim ?
Re: How do we value a 15K sim ?

Edited by moderator Apr 11th 2012, 13:18
I do support the official CAPEX position and comply with the standards as such. However, as I expressed in our discussions surrounding this subject, it is my personal point of view that a region is not an asset, it is a service provided by LL through which we conduct business.

I arrived at this conclusion after considering the following factors:

1) The $1000 US fee is a set-up fee, not a purchase price. This is very clear in the land store. You are buying nothing. LL owns the server. You own nothing, but instead are granted a license to operate an estate on their servers, which costs you $295 US/month. Further, LL has also waived the $1000 US fee on multiple occasions which renders this "asset peg" as questionable.

2) You can now secure private regions for as little as $0 US and a $100 US transfer fee. There is no aftermarket for regions after they are purchased from LL. It has been this way for years now.

3) The $195 US/month grandfathered tier is non-transferable, rendering those regions just as "valuable" on the aftermarket as the $295 US/month regions. The new owner will pay the higher tier after the transaction is completed.

4) If LL did consider land your "asset" it would create liability for them. This question has come out in two cases (that we know of). In one case, Bragg v. Linden Lab, it was settled without this question being fully answered. There is a class action suit though, Evans, et al v. Linden Lab, et al. that is still in the courts. This case has the potential to answer the question. However, in each case LL’s counsel has taken the position that they do not consider regions to be assigned "assets". In fact, after Bragg v. Linden Lab they strengthened thier position through their language (e.g. the setup fee), the TOS and their actions. This set off a firestorm based on some rulings in the first suit. This ultimately gave way to the class action. Bottom line, it's still a legal grey area at this point.

For that, and for the market reasons above, at this time I don't consider land an asset and would value them at $0 as such, although in reporting we do account for them in good faith and in-line with CAPEX accounting requirements.
Apr 15th 2012, 20:02
Ashleigh Wade
Capital Exchange Archive » FED : News Story: Ford Edelman & Co. continues solid earnings trend into 2012
News Story: Ford Edelman & Co. continues solid earnings trend into 2012
In 1Q 2012 Ford Edelman & Co. (CAPX:FED) recognized L$71,400 in revenue, a 32% increase over 1Q 2011. This is primarily due to an uptick of orders from our ala carte marketing services products. After expenses we realized L$50,214 in operating income, of which L$40,000, or L$.04/share, was returned to the shareholders via dividends.

Looking forward to 2Q we expect business to remain consistent. We are also exploring an interesting opportunity which may prove to be extremely beneficial to our company. More news will surface on that front as warranted.

For a complete look at this quarter's numbers, go to:
http://www.fordedelman.com/FED_1Q_2012.xlsx

About Ford Edelman & Co.:

Founded in December 2006, Ford Edelman & Co. (formerly Ford Edelman Designs) is one of the initial 25 companies to IPO in SL on WSE in late 2006/early 2007. A premier boutique marketing services and creative innovation firm, FED also enjoys the distinguished honor of being the oldest SL public company to operate under successor management.

If you have any questions, or just wish to visit us, FED encourages you to visit the Ford Edelman & Co. metaverse headquarters in-world at http://maps.secondlife.com/secondlife/Tuscarora/152/105/23
Apr 15th 2012, 20:04
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting
In 1Q 2012 Ford Edelman & Co. (CAPX:FED) recognized L$71,400 in revenue, a 32% increase over 1Q 2011. This is primarily due to an uptick of orders from our ala carte marketing services products. After expenses we realized L$50,214 in operating income, of which L$40,000, or L$.04/share, was returned to the shareholders via dividends.

Looking forward to 2Q we expect business to remain consistent. We are also exploring an interesting opportunity which may prove to be extremely beneficial to our company. More news will surface on that front as warranted.

For a complete look at this quarter's numbers, go to:
http://www.fordedelman.com/FED_1Q_2012.xlsx

About Ford Edelman & Co.:

Founded in December 2006, Ford Edelman & Co. (formerly Ford Edelman Designs) is one of the initial 25 companies to IPO in SL on WSE in late 2006/early 2007. A premier boutique marketing services and creative innovation firm, FED also enjoys the distinguished honor of being the oldest SL public company to operate under successor management.

If you have any questions, or just wish to visit us, FED encourages you to visit the Ford Edelman & Co. metaverse headquarters in-world at http://maps.secondlife.com/secondlife/Tuscarora/152/105/23


Apr 16th 2012, 19:04
Ashleigh Wade
GVConsulting » Shareholder Vote: SPO
Re: Shareholder Vote: SPO

Edited by moderator Apr 16th 2012, 19:05
This project has my full support. It is a fantastic opportunity.

Here's a TED talk that showcases an entertaining use of augmented reality:
http://youtu.be/C4pHP-pgwlI



Apr 21st 2012, 04:31
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Q1 2012 Reporting
ZEN Q1 2012 Reporting

Edited by moderator Apr 22nd 2012, 04:40
ZEN Q1 2012 Reporting will be posted within 24 hours from this message. Apologies for the delay.

-------------------------------------------------------------------

Update: Morning of April 22

Unfortunately I wasn't able to complete everything yesterday as expected. I should have everthing completed by the end of today and posted tonight (US Eastern Time). I have most of the transaction logs coded. I just have to compile everything, cross check and put them into the reporting template.

Again, I apologize for the delay. I have a lot more going on in RL than usual.
Apr 23rd 2012, 05:05
Ashleigh Wade
Zhenya Zoning Real Estate Co. » ZEN Q1 2012 Reporting
Re: ZEN Q1 2012 Reporting
In 1Q 2012 ZEN realized L$1,308,865 in revenue. After deducting L$1,316,776 in tier, advertising and overhead expenses we lost (L$7,910).

The overall land market is much more challenging than it has ever been. Second Life attrition, grandfathered tier holders and a plethora of estates willing to take loss to increase occupancy are all well-known factors that continue to put us at a disadvantage. We are also, however, seeing general weakness across-the-board for our entire product portfolio, even in areas that have traditionally been strong.

As such, we've been examining our current offerings and expanding on our strengths, correcting inefficiencies and shrinking overhead to stabilize our business. After shrinking our monthly overhead costs by L$106,000 over the quarter we did see some improvement from February into March, however we are still not entirely optimistic about the market. 1Q has traditionally been a strong quarter.

For the full breakout of numbers, please see:
http://www.impeccablyzen.com/ZEN_1Q_2012.xlsx



Apr 23rd 2012, 05:10
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
In 1Q 2012 ZEN realized L$1,308,865 in revenue. After deducting L$1,316,776 in tier, advertising and overhead expenses we lost (L$7,910).

The overall land market is much more challenging than it has ever been. Second Life attrition, grandfathered tier holders and a plethora of estates willing to take loss to increase occupancy are all well-known factors that continue to put us at a disadvantage. We are also, however, seeing general weakness across-the-board for our entire product portfolio, even in areas that have traditionally been strong.

As such, we've been examining our current offerings and expanding on our strengths, correcting inefficiencies and shrinking overhead to stabilize our business. After shrinking our monthly overhead costs by L$106,000 over the quarter we did see some improvement from February into March, however we are still not entirely optimistic about the market. 1Q has traditionally been a strong quarter.

For the full breakout of numbers, please see:
http://www.impeccablyzen.com/ZEN_1Q_2012.xlsx



Apr 24th 2012, 11:25
Ashleigh Wade
General Investment Discussion » land/rental collectivism
Re: land/rental collectivism

Edited by moderator Apr 24th 2012, 11:47
I have to agree somewhat with Amy in this case.

It isn't a good thing to have land companies go out of business. It's been proven that in most cases these users leave SL and never come back.

I do however support a shrinkage of the overall land footprint to encourage a greater use of available regions. There is roughly one region to one concurrent user right now (I know….that’s a bit of a stretch, but not much). This is silly and means that at any given time most regions are not being occupied or used. This was not the vision of LL when they set out to make an "interactive community" so many years ago. There is simply too much land for the current user base.

To note, as Skip indicated this isn't a new issue. ZEN has been struggling with this airline industry like competitiveness since I was appointed leadership of it in 2008. LL doesn't care. Tier inequality has been brought to their attention many times, both SL and RL. I do think it is one of the factors that put an end to grandfathered pricing on region transfer in 2010.

As Marishka points out, the fact of the matter is that you have to adjust to this as a business reality. Either you add value through service or another method, or you don't survive long.

One of my favorite sites to keep up with land usage is run by Tyche Shepard: http://gridsurvey.com/
May 18th 2012, 18:46
Ashleigh Wade
General Investment Discussion » FACE BOOK
Re: FACE BOOK
CNBC
Facebook IPO: Big Volume, But Little to Show For It

Full Article: http://www.cnbc.com/id/47474995

Facebook set a record for volume on its first day of trading, but the stock otherwise failed to live up to all the hype and posted just a modest gain for the day.

After an attention-grabbing half-hour delay to start its initial public offering, Facebook shares [FB 38.2318 0.2318 (+0.61%) ] opened at $38, surged as much as 11 percent during the day, but ultimately finished just above unchanged after hitting an intraday high of $45.
May 21st 2012, 14:48
Ashleigh Wade
General Investment Discussion » FACE BOOK
Re: FACE BOOK
Facebook Flop May Create a Silver Lining for IPO Investors

Full Article on CNBC:
http://www.cnbc.com/id/47509172

Facebook’s seemingly disastrous debut will likely mean fewer initial public offerings at even lower prices, ultimately a positive for investors.

Without the full support of underwriters, the social networking giant broke its IPO offer price of $38 a share at the market open Monday. Facebook’s shares [FB 34.03 -4.2018 (-10.99%) ] closed just pennies above the offer price on the first trading day and finished down 11 percent on day two.

May 21st 2012, 16:47
Ashleigh Wade
General Investment Discussion » FACE BOOK
Re: FACE BOOK
Many do, but not many are FB. Some say that the book making priced it right because the price didn't pop. In my opinion the IPO was way overhyped for an advertising model based on profiling and selling it's users data to third parties.

The underwriters were fighting on Friday to keep a floor on the trading but that gave way today. I understand most street players are comfortable with high 20s and low 30s, but not a multiple of 70 times earnings. The interesting thing is that the broader market didnt follow the same trend as FB.

I think that once the hype cools on this one we will see a better focus on fundamentals and a truer valuation emerge. That will be the time to consider a buy for me. If they can find a way to really monetize that 900 million user base that might be worth it. Only time will tell....
Jun 8th 2012, 09:51
Ashleigh Wade
General Investment Discussion » SLCapex Total Return Indices and company charts
Re: SLCapex Total Return Indices and company charts

Edited by moderator Jun 8th 2012, 10:15
"We raised only 318k after ipo fees july 2011"
- Cindy/Chandice

You raised how much?

Prospectus
http://www.slcapex.com/forums/topic/GXY/3563?direction=ASC

"Congratulations to Galaxy Corporation (GXY) for selling out their L$3,000,000 IPO in only 4 days!"
- Skip Oceanlane
http://www.slcapex.com/forums/topic/GXY/3611

"Getting educated about GXY is a great idea, since we are much larger in scope than most may ever understand."
- Cindy/Chandice

Now that's an understatement. I'm sure there are countless galaxies worth of potential.

Many facts regarding GXY are quite interesting indeed.
Jul 5th 2012, 20:50
Ashleigh Wade
GVConsulting » Interesting
Re: Interesting
Hi, I just wanted to follow on and note I exchanged emails with Kafka today. In it he mentioned that he expects to be up and about on Sunday. If you want to send get well vibes feel free to do so :)

Ash
Jul 11th 2012, 07:11
Ashleigh Wade
Capital Exchange Archive » FED : FED 2Q 2012 Reporting Update
FED 2Q 2012 Reporting Update

Edited by moderator Jul 16th 2012, 05:43
I had hoped to have the report done by this date, but my schedule is unusually unforgiving at the moment. Look for reports no later than this Sunday, July 15 (keeping in mind that the reporting deadline is actually the 20th).

Thank you for your patience.

*Jul 16th Update*

I didn't get a chance to write everything up this weekend, which means I need to compress it all into this week. It's going to be a killer week for me, so look for everything by end of day on the 20th.
Jul 11th 2012, 14:00
Ashleigh Wade
Capital Exchange Archive » ASA : Statement on RVI and stony Woodford
Re: Statement on RVI and stony Woodford

Edited by moderator Jul 11th 2012, 16:36
Mr. Woodford,

When seeking advice from your legal team, also seek advice on the following:

- The meaning of fiduciary duty/responsibility, particularly in the context of the CAPEX community and social norms, as defined under CAPEX TOS and, in general, conducting transparent business where others depend on you to maintain their company.

- What really happens when you sell equity slices to a limited number of investors in a presumably virtual company called "Real Vision Inc." and then attempt to take that company name back citing real British law, which doesn't recognize either virtual incorporation or the US “Inc” as valid methods of incorporating. If you wish to pursue your claim you should at least provide the actual incorporation information and/or a reference to the law to which you refer. If contract law, perhaps you should refer to the particular clause being violated. RVI, including the name, is the property of all the shareholders.

- Clarify how one seeks real world damages for slander/libel on a fictional (public figure) avatar where no RL information has been provided or used in the alleged slander/libel. Further, depending on what and where you are pursuing this claim, the laws vary wildly. See point below...

- Identify the proper jurisdiction for a claim against Capex (a US based .com - US jurisdiction where the alleged infringment is published), a gaming simulation accessed through a US based MMORPG game. Also, your attorneys should be licensed to litigate or pursue claims in the US as I'm sure jurisdiction fight could get costly. See point below...

- A cost/benefit analysis of the amount you will pay to said legal team vs. the reward you would feasibly recognize from such action. I don’t know about you, but my general attorney bills at about $400 US an hour.

- You may also want to identify potential claims that could arise against you resulting from this action, and/or claims independent of this action where a person/class may have a legitimate grievance against you.

Just some random thoughts for you to consider as you seek advice from counsel. The best advice I could give all parties is to take a step back and let cooler heads prevail.

My best to the RVI shareholders.

Ash

P.S. Morgan, if Skip were to up and “poof” as you fear, it would be up to the individual listed company to maintain your investor relations. CAPEX is a trading platform that facilitates swaps of equity. To stay listed the companies must play by the rules. But make no mistake, your investment lies in the companies themselves. A company's succession plan should be just as important as any other factors in your investment decisions.
Jul 12th 2012, 14:12
Ashleigh Wade
Capital Exchange Suggestions » A get together
Re: A get together
@ Skip - I think a big part of why we used to do that was because there were no online forums and we also had to execute trades through the atm in the beginning (remember that!).

@ Morgan - Excellent idea. I think you will find that the big obstacle will be finding a time/date to capture a mass audience. If you run into that I would suggest holding staggered recurring meetings (e.g., 7PM SLT on Saturday one week and 2PM SLT on a Saturday the next week). I would love to chat with you regarding some ideas we've had in the past.

Jul 20th 2012, 21:02
Ashleigh Wade
Capital Exchange Archive » FED : News Story: FED has steady 2Q 2012, positions for future growth.
News Story: FED has steady 2Q 2012, positions for future growth.
In 2Q 2012 FED realized L$93,770 in income, a 98.5% increase over the same period in 2011. After expenses the company netted L$78,538, of which L$60,000 was returned via dividends.

As mentioned in the last quarterly we remain very optimistic about our future and continue working on a deal that stands to be very beneficial for the shareholders. We apologize for not disclosing more at this point, however FED is not a company that discloses premature information and rushes deals just to make a news cycle. It would be irresponsible to do so. News will be forthcoming as warranted.

We are also in the process of upgrading our profile and image, starting with a new iconic headquarters on our parcel in Tuscarora:

http://www.fordedelman.com/Ford_Edelman_HQ_Promo.jpg

Outside of that it's business as usual.

Complete 2Q 2012 report:

http://www.fordedelman.com/ FED_2Q_2012.xlsx

All the best
Jul 20th 2012, 21:03
Ashleigh Wade
Capital Exchange Archive » FED : Financial Reporting
Re: Financial Reporting

Edited by moderator Aug 5th 2012, 10:19
In 2Q 2012 FED realized L$93,770 in income, a 98.5% increase over the same period in 2011. After expenses the company netted L$78,538, of which L$60,000 was returned via dividends.

As mentioned in the last quarterly we remain very optimistic about our future and continue working on a deal that stands to be very beneficial for the shareholders. We apologize for not disclosing more at this point, however FED is not a company that discloses premature information and rushes deals just to make a news cycle. It would be irresponsible to do so. News will be forthcoming as warranted.

We are also in the process of upgrading our profile and image, starting with a new iconic headquarters on our parcel in Tuscarora:

http://www.fordedelman.com/Ford_Edelman_HQ_Promo.jpg

Outside of that it's business as usual.

Complete 2Q 2012 report:

http://www.fordedelman.com/FED_2Q_2012.xlsx

All the best
Jul 31st 2012, 22:59
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials
In 2Q 2012 ZEN recognized L$1,074,071 in revenue, of which L$1,092,752 was paid to tier and other direct product costs. After factoring in operating and onetime expenses, ZEN ended the quarter with an operating loss of -L$32,122. Excluding onetime items, ZEN would have had a small net profit.

We saw an okay April, dismal May, and rebounding June. The onetime expenses in June are tied to our expansion and refurbishment initiative that was in the planning phase last quarter. Projects include the development of our Willow Creek Estates concept in Tamaqua, establishment of the Enclave at Sushi Valley, the rebirth of our ZEN Lighthouse, a revamp of the Zensuality Gaming Area, a redesign of our HQ in Annabis Moody Central Park, and a complete refurbishment of all ZEN public enjoyment areas.

We are beginning to see the fruit of our efforts pay off and, post summer, we expect that we will be well positioned for the back-to-fall SL influx.

For detailed financial info, please refer to:
http://www.impeccablyzen.com/ZEN_2Q_2012.xlsx
Aug 3rd 2012, 21:23
Ashleigh Wade
Capital Exchange Archive » FED : News Story: GVC Bids to Acquire FED in a Stock Swap Transaction
News Story: GVC Bids to Acquire FED in a Stock Swap Transaction

Edited by moderator Aug 3rd 2012, 22:05

Regions: Crystal Springs and Tuscarora

The Boards of GVC and FED are pleased to announce they have reached a deal in which GVC will acquire FED in a stock swap transaction.

"This is a solidification of a natural partnership", stated GVC CEO Kafka Frugel. "FED's talent is just what GVC desires to exceed our commitment to excellence."

The transaction will give FED shareholders 1 GVC share for every 4 FED shares, essentially placing FED's purchase price near L$2.50 per share when negotiations were completed on July 31st. The transaction will cost GVC's shareholders nothing, as CEO Frugel and GVC Director MykeltiShocked Resident are donating personal shares to fund it, avoiding share dilution. At press time, the swap is expected to utilize ~250,033 shares from their holdings and cost a approximately L$72.50 to buy out FED shareholders who have less than 4 shares.

"It’s win-win for everyone. FED shareholders will receive a nice premium for their shares and GVC investors will not have their shares diluted in any way", explained CEO Frugel.

FED CEO Ash Wade will join the GVC board and be appointed as Chief Operating Officer, GVC SL Operations. Wade will oversee the SL side of GVC's projects and serve as Human Capital Advisor to the CEO in both RL and SL operations. FED's existing operations will be absorbed into GVC's SL marketing department and the Ford Edelman brands, property and projects will be kept for future expansion opportunities.

GVC and FED shareholders will have the opportunity to vote on the transaction soon. A notification will be posted in the CAPEX forums. The Boards of GVC and FED have already approved the transaction, and the deal has been submitted to the CERC for review.

"I'm excited about our future", said Ash Wade. "This is a momentous opportunity for everyone and a logical acquisition to fuel GVC's already excellent growth."

To GVC and FED Shareholders:

Please refer to the shareholder’s information letter at:

http://gregoryvickrey.com/wp-content/uploads/2012/08/GVC-FED-CERC-Shareholder-Letter.pdf

and our presentation outlining the complete deal at:

http://gregoryvickrey.com/wp-content/uploads/2012/08/GVC-Ford-Edelman-Acquisition-Deck.pdf

Questions and voting will begin in the next few days.

Thank you for your support. We look forward to an amazing future.
Aug 4th 2012, 09:39
Ashleigh Wade
Capital Exchange Archive » FED : News Story: GVC Bids to Acquire FED in a Stock Swap Transaction
Re: News Story: GVC Bids to Acquire FED in a Stock Swap Transaction

Edited by moderator Aug 4th 2012, 10:00
Hi Garry,

Thanks for your question.

It took from July 31st (23:50) to August 3rd (21:23) to announce because we were confidentially confirming all steps in the process between Kafka, myself and Skip via email.

During the same timeframe, we were preparing and revising:
- CERC and Shareholder Letter
- Shareholder Presentation
- Employee Communications
- Client Communications
- Press Release
- Transaction Outline

In short, the time frame was utilized for development, edit, and cross-check of detailed communications, and a three way confirmation on procedure between 3 people who have overloaded RL and SL schedules. We also had to maintain our work schedules and SL business as usual.

Please let me know if you have any further questions.

All the best,
Ash

Edit to Add:
In the interest of full disclosure I should also note that we, the boards and CEOs of GVC and FED, actually met a solid agreement on late Sunday, July 29th. This is indicated in some of the communications. We were not able to put everything in writing on the 30th though, due to RL work and commitments. I took the 31st off from RL work so we could finalize all last details, put everything in writing and submit it to Skip that night.
Aug 5th 2012, 10:16
Ashleigh Wade
Capital Exchange Archive » FED : GVC acquires FED - Vote Here
GVC acquires FED - Vote Here
.:Information:.

Shareholders of GVC and FED:

This thread is a voting thread only. Commentary will be deleted and placed in the Question & Answer Forum.

Shareholders are to vote FOR or AGAINST GVC's proposed acquisition of FED per the notification given here:

http://gregoryvickrey.com/wp-content/uploads/2012/08/GVC-FED-CERC-Shareholder-Letter.pdf

And the terms outlined here:

http://gregoryvickrey.com/wp-content/uploads/2012/08/GVC-Ford-Edelman-Acquisition-Deck.pdf

Key points to remember:

- FED shareholders will receive 1 GVC share for every 4 FED shares they hold at the time of trading halt. Fractional shareholdings: FED Shareholders holding less than 4 shares will receive L$2.50 per share in cash.

- No equity dilution will occur for the GVC shareholder in this acquisition. The shares to fund the transaction are being donated by Kafka Frugel, GVC CEO and Mykeltishocked Resident, GVC Director.

- The acquisition will result in GVC gaining enhanced in-house marketing service, new PR capabilities, improved operations oversight, in-house HR guidance for both RL and SL, expanded SL Public Company Governance knowledge, a new novelty products division, and new leadership talent and capabilities. GVC will also continue to take pride in its heritage, through it's Ford Edelman Subsidiary, as one of the first twenty-five IPOs in SL.

--------------------------------------------------------
.:Directions:.

Please vote your support FOR or AGAINST GVC's proposed acquisition of FED.

You do not need to state your number of shares. Votes will be tabulated using the shareholder's list at the time of halt.

VOTING WILL END ON SUNDAY, AUGUST 12, 2012 at 11 AM SLT.
Aug 5th 2012, 10:19
Ashleigh Wade
Capital Exchange Archive » FED : GVC acquires FED - Q & A
GVC acquires FED - Q & A

Edited by moderator Aug 5th 2012, 11:52
This thread is a Q&A thread. Please ask any questions pertaining to the acquisition here.

Notification of GVC's proposed acquisition of FED :

http://gregoryvickrey.com/wp-content/uploads/2012/08/GVC-FED-CERC-Shareholder-Letter.pdf

Terms outlined here:

http://gregoryvickrey.com/wp-content/uploads/2012/08/GVC-Ford-Edelman-Acquisition-Deck.pdf

Key points to remember:

- FED shareholders will receive 1 GVC share for every 4 FED shares they hold at the time of trading halt. Fractional shareholdings will round up to the next share. FED Shareholders holding less than 4 shares will receive L$2.50 per share in cash.

- No equity dilution will occur for the GVC shareholder in this acquisition. The shares to fund the transaction are being donated by Kafka Frugel, GVC CEO and Mykeltishocked Resident, GVC Director.

- The acquisition will result in GVC gaining enhanced in-house marketing service, new PR capabilities, improved operations oversight, in-house HR guidance for both RL and SL, expanded SL Public Company Governance knowledge, a new novelty products division, and new leadership talent and capabilities. GVC will also continue to take pride in its heritage, through it's Ford Edelman Subsidiary, as one of the first twenty-five IPOs in SL.
Aug 5th 2012, 11:48
Ashleigh Wade
Capital Exchange Archive » FED : News Story: FED Shareholder Vote Notification - GVC to acquire FED in Stoc
News Story: FED Shareholder Vote Notification - GVC to acquire FED in Stock Swap

Edited by moderator Aug 5th 2012, 11:51
FED Shareholders please note that voting has opened in the forums.

Shareholders are to vote FOR or AGAINST GVC's proposed acquisition of FED per the notification given here:

http://gregoryvickrey.com/wp-content/uploads/2012/08/GVC-FED-CERC-Shareholder-Letter.pdf

And the terms outlined here:

http://gregoryvickrey.com/wp-content/uploads/2012/08/GVC-Ford-Edelman-Acquisition-Deck.pdf

Key points to remember:

- FED shareholders will receive 1 GVC share for every 4 FED shares they hold at the time of trading halt. Fractional shareholdings will round up to the next share. FED Shareholders holding less than 4 shares will receive L$2.50 per share in cash.

- No equity dilution will occur for the GVC shareholder in this acquisition. The shares to fund the transaction are being donated by Kafka Frugel, GVC CEO and Mykeltishocked Resident, GVC Director.

- The acquisition will result in GVC gaining enhanced in-house marketing service, new PR capabilities, improved operations oversight, in-house HR guidance for both RL and SL, expanded SL Public Company Governance knowledge, a new novelty products division, and new leadership talent and capabilities. GVC will also continue to take pride in its heritage, through it's Ford Edelman Subsidiary, as one of the first twenty-five IPOs in SL.


Vote now on the sticky thread titled: GVC acquires FED - Vote Here
Located at:
http://www.slcapex.com/forums/topic/FED/6713
Aug 8th 2012, 18:24
Ashleigh Wade
General Investment Discussion » Minimum wage
Re: Minimum wage
Casper has a point in that leadership quality plays a role in morale. People are willing to take less when working for a good leader.

I am less interested in establishing a minimum wage and more interested in putting some parameters around common roles in SL and gathering salary data for market comparison. The resulting information would be beneficial to business owners, who often ask "what should I pay?" and potential employees who ask "what is the position worth?"

SL is though, as Casper notes, "unique", so you have to factor that into the equation. SL is intentioned to be an escape and a dream world. Because of that you often run into people who a) think themselves fit for positions they aren't qualified to fill and b) don't have the skills to do or don't really want to do the work for which they signed up.

Ultimately, from an employer's perspective you want to pay employees just enough to take the money issue off the table so the employee will feel comfortable and focus on their work. From there the relationship grows.
Aug 9th 2012, 07:35
Ashleigh Wade
GVConsulting » Dividends
Re: Dividends

Edited by moderator Aug 9th 2012, 07:53
Hi Jeanne,

Voting is scheduled to end this Sunday (August 12) at 11AM SLT. After the votes are totaled, and assuming an affirmative outcome, Skip will convert the list. We will then cross check it, post it, and action the transaction.

I would expect this process to take from a few hours up to a day or two depending on issues/questions and RL/SL obligations. We are pretty good at keeping in constant contact so we will action it as fast as we can.

After the process is complete trading will then begin and we will pay out the dividend. My rough estimate is that, worst case, we should be up and running no later than the 15th or 16th.

Please let us know if you have any further questions.

All the best,
Ash
Aug 12th 2012, 10:15
Ashleigh Wade
Capital Exchange Archive » FED : GVC acquires FED - Vote Here
Re: GVC acquires FED - Vote Here
FOR
Aug 12th 2012, 10:25
Ashleigh Wade
Capital Exchange Archive » FED : GVC acquires FED - Vote Here
Re: GVC acquires FED - Vote Here

Edited by moderator Aug 12th 2012, 10:26
The voting in this forum has closed per the initial announcement.

MOTION: GVC ACQUIRES FED

SHARES IN FAVOR: 592949 (59.3%)
SHARES AGAINST: 0 (0.00%)
SHARES ABSTAIN: 407051 (40.7%)

THE MEASURE PASSES.

Please be patient while we work out the final processes and prepare communications. Thank you.

Look forward to the new GV Consulting Experience :) We are working on some great things.
Sep 21st 2012, 20:57
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: ZEN to begin a new business chapter.
News Story: ZEN to begin a new business chapter.

Edited by moderator Sep 21st 2012, 21:02
Investors and Interested Public

As of September 21, 2012, Zhenya Zoning Real Estate has entered into a positive, deep and thoughtful restructuring of our business.

Over the last few months our Management Board has reviewed our operations and market conditions. We drew upon our 3+ years experience running ZEN as a management team and, after careful consideration, decided it is time to take our company in a new direction.

For many years we have been known as Zhenya Zoning Real Estate Company. We are ready to shed that brand and image in pursuit of a better business model.

We've had to make some tough decisions. The last year has been the most challenging in ZEN's 5 years of existence. Despite our best efforts to innovate and renovate we still see an overly challenging land environment that doesn't justify the absurdly high fixed overhead.

We are tired of it. Our business is to make money, and our skills are better utilized in focusing on higher margin lines of business. We are therefore taking action to remove the "Sword-of-Damocles" tier cost and cut to a core customer base. This will allow us to refocus our energy on more profitable ventures.

We will be shutting down 2 regions and keeping 3 - Tamaqua, Southampton Bay and Zensuality. Tamaqua will remain ZEN City, focused on merchants, Southampton will remain a privately leased commerce homestead, and Zensuality will remain our skill game and adult party beach resort theme. These core regions will make up our smaller, yet extremely viable estate operations.

The move will reduce our monthly tier overhead from L$337,000 to L$181,000 per month.

At the same time, this move will free up our management board to
- Push estate growth through added value service in boutique themed environments
- Take social to a new level
- Rebuild and reintroduce ZEN Live!, our live music venue
- Focus on building new merchandise that we've just been discussing to this point
- Push forward with laser focus on growing our high margin skill gaming area
- Have the freedom to innovate instead of worrying how to pay the tier bill

We have notified the residents in the affected regions and provided them with ample notice to vacate. We have also issued refunds totaling L$14,846 for time paid but not used in the 2 regions we are closing. To note, in a healthy environment this amount would be more in neighborhood of L$39,000.

All-in-all, we feel that this restructuring of ZEN is long overdue and sorely needed. We will be publishing more information over the next few weeks, as well as updating our prospectus and company name.

Thank you for your interest. We look forward to higher profitability.

Zaldar Rhode, Chairman
Ashleigh Wade, Chief Executive Officer
McChris Flanagan, Chief Build Officer
Danica Sparta, Chief Operating Officer, ZEN City
YummySarra Genesis, Chief Operating Officer, Zensuality
Oct 3rd 2012, 19:45
Ashleigh Wade
GVConsulting » GVConsulting One Year Anniversary - Call for Volunteer(s)
GVConsulting One Year Anniversary - Call for Volunteer(s)
Hi everyone.

At the end of this month we will celebrate one year as a public company in SL and open our new HQ. Kafka and I wanted to extend an invitation to you guys, the shareholders, to help us with our celebratory event.

We are looking for a volunteer to help us with coordination, basically lining up talent and ensuring a smooth event. Fun and friendly is more important than big and splashy.

The ideal candidate will be someone who is detail oriented, speaks and writes proficient English, has an enthusiastic attitude and proactive personality.

This is a perfect opportunity for someone looking to gain SL work experience. The position is short term volunteer, but offers many fringe benefits and exposure to influential SL business figures. If interested please send a notecard to Ashleigh Wade in-world.

Thank you for your interest.

We are targeting the weekend of October 27th and 28th. Note the dates and look for more info to come.
Oct 3rd 2012, 19:56
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: Join ZEN for our 5th annual Halloween Celebration
News Story: Join ZEN for our 5th annual Halloween Celebration
Join ZEN at our 5th annual Halloween Celebration. Located in downtown ZEN City, ZEN has transformed Annabis Moody Central Park into a terrifying estate of horrors that will cater to all tastes. The grounds feature a haunted house, haunted cemetery, spooky fishing holes, chilling grid-wide skill games and local contests. Linden and prizes will be given away daily.

Check out the action at http://slurl.com/secondlife/Tamaqua/206/52/22
----------

Like us on Facebook, and keep up with all our current events:
http://goo.gl/kRVzd

Follow Us on Twitter:
@impeccablyzen http://twitter.com/impeccablyzen#
Oct 19th 2012, 14:27
Ashleigh Wade
General Investment Discussion » A Question ?
Re: A Question ?

Edited by moderator Oct 19th 2012, 14:27
It depends on the company. A board should look to hire a CEO that meets the needs of the company's current outlook. For example, a company in a turnaround situation will require a different skillset than a company that is stable with a strong financial outlook.

In general, most CEOs will need to effectively deal with ambiguity, have authentic leadership qualities, have an ability to focus on, communicate and execute the vision, have awareness of company operational details but hire strong management teams to run them, be forward thinking and strategic, and understand thier customer's needs, challenges and business goals.

That's a nutshell version of the top of my head. I could expand on this for days.

Of course in SL it's very different.

I would love to read the article if it's online. Let me know.
Oct 20th 2012, 10:24
Ashleigh Wade
General Investment Discussion » A Question ?
Re: A Question ?

Edited by moderator Oct 20th 2012, 10:34
Hi D,

I get what you are saying. I agree, but I didn't expand on my point regarding the observation that SL is different. It was more an off the cuff comment. You can't disagree with what I haven't explained :)

The attributes we've all highlighted are generally great qualities of a "good" CEO.

The reason why I think it's different is that, in a public company context, "CEO" as used in SL is misleading title.

In RL, the CEO is appointed by a board. In SL, this is rarely the case. Instead it's a founder who bestows themselves with the title. Therefore we aren't really comparing apples to apples.

In RL, there are performance management systems used coach and correct CEO behavior to greatness. The CEO can also be replaced if he/she fails. In SL, you are usually stuck with who you have.

In SL, the CEO, in most cases, is both a thinker and doer (of the labor). In RL public companies, the CEO is a thinker first and foremost.

Finally, the set of technical skills needed to be effective in SL is different than that in RL. I very seriously doubt that a Jack Welch or Warren Buffet, both great CEOs, could pick up and run with a company here without a very hard learning curve.

None of this really takes away from what makes a great CEO perception, like I said it was more an off the cuff comment (that I would have probably edited out had I not been running out the door when I typed it last night lol). It was more my putting context around what we mean when percieve great CEO in SL and in RL. There are some real differences to consider when thinking about it.

All the best,
Ash

Edit to Add: Thank you for the article link. In return, to continue our venture into this realm, here's a short article on three traits every CEO needs :)

http://blogs.hbr.org/cs/2011/05/three_traits_every_ceo_needs.html
Oct 23rd 2012, 06:29
Ashleigh Wade
GVConsulting » What do you guys do?
Re: What do you guys do?

Edited by moderator Oct 23rd 2012, 06:29
Hi Jeanne,

http://www.gvconsulting.org/

GVConsulting is also a RL company, which is a major contributor to the bottom line for SL. SL is an enhancement to our primary services.

GVC touches multiple projects at once, not just the augmented reality project. For instance, we recently bid on a project for a women's organization that is looking to hold an event on Valentine's day. Our bid is to manage the social media aspects of this project, up to and including holding a virtual event in SL at the same time as the RL event. If we are accepted, it will be revenue from projects like this that make the dividends.

We also invest in new joint ventures with SL companies. I am working on two of these and have assisted in a third, with more in the pipeline.

In a nutshell, GVC is a diverse consulting firm. The augmented reality project is just one of many. If you have a idea you want to bring to market, maybe we can help.

All the best,
Ash
Oct 23rd 2012, 14:28
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Financial Updating Delayed
Financial Updating Delayed
Hi everyone,

I just want to acknowledge that the quarterly financial deadline has passed. Unfortunately I am juggling MANY different RL and SL items at the moment. Realistically I won't be able to sort through the numbers and develop a comprehensive update until this weekend.

I do want to comment that things are progressing well. Our team has been revived with exploring new directions and we are excited about what's in store for ZEN's future.

Thank you for your patience. Please let me know if you have any questions.

Ash
Oct 24th 2012, 14:15
Ashleigh Wade
GVConsulting » What do you guys do?
Re: What do you guys do?
Kafka is the expert on AR, but he's travelling at the moment. When I spoke with him he asked me to have you email him. I'll send you a more personal email address in-world this evening (for me). In the meantime you can always write contact@gvconsulting.org

All the best,
Ash
Oct 30th 2012, 05:30
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Financial Updating Delayed
Re: Financial Updating Delayed
Sorry, folks, but a Hurricane hit. I'll be working on the numbers today.
Nov 1st 2012, 05:32
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Multiple Companies Trading Halted For Not Filing Q3 Financials
Re: Multiple Companies Trading Halted For Not Filing Q3 Financials

Edited by moderator Nov 1st 2012, 05:36
My fault for not getting this done.

Just for perspective, after working 6 day work weeks the last two months (not including SL day hours, evenings, nights and weekends), since Sunday I've been working on a team that has had to track, account for, communicate to and accommodate over 400 employees in 13 office locations on the East Coast. 6 of those locations are still closed with no electricity including my office location in Manhattan. This is on top of keeping business running as normal as possible both in RL and SL. I was in meetings in the middle of the Hurricane praying I wouldn't lose power.

It's a little mad and surreal right now. I appreciate your patience and look forward to getting back to business as normal.
Nov 3rd 2012, 06:50
Ashleigh Wade
Zhenya Zoning Real Estate Co. » News Story: ZEN 3Q 2012 and Reorganization Update
News Story: ZEN 3Q 2012 and Reorganization Update

Edited by moderator Nov 3rd 2012, 07:14
Hi there.

Thank you for your patience. This is a big update.

As you may know, ZEN is going through changes. Founded in 2007, ZEN's original land-based business model has been subjected to an increasingly challenging SL land market environment. Land was once king and highly profitable, but increasingly we find this is no longer the case for boutique estate players. If you are not a large estate you can't compete. In response, ZEN is transforming itself from a stodgy land company into a dynamic company that is un-tethered from the "land" concept.

In short, we are making changes to our model.

3Q 2012

Before I discuss our changes, I want to talk about our 3Q 2012. It was not good.

http://www.impeccablyzen.com/ZEN_3Q_2012.xlsx

In 3Q 2012, we saw an operating loss of -L$34,125 on top of a year of losses and near misses. That's land. Money comes in. Money goes to LL. No margin for overhead. No margin to fund growth. No margin with which to operate a real company. That's the past.

I'm not going to spend time discussing the woes of the land business, it's problems as main business line or our choice to restructure the business. Issues with virtual land at the center of a business model are widely published and common knowledge.

I WILL discuss our actions in October and what we are doing for the future.

Re-Organization

In late September, the Board held a series of emergency sessions where we decided to shed half our land liability. Our revenue was increasingly being subsidized by donation revenue on a year over year basis and losses were still recurring. Business-as-usual was unsustainable.

We decided to re-organize ourselves to achieve the following short term goals:
- Reduce our overhead to a very manageable level
- Recalibrate our staff resources and our business model to better align with our mission as a diversified community based business within SL.
- Retain our key clients.
- Lose our brand perception as a "land" company.
- Refocus our "land" on developing other projects for ZEN
- Achieve enough profitability to reach a consistent L$.01 per month share dividend in 4Q 2012.

In accordance with our plan we shed Tuscarora and Sushi Valley and consolidated all of our key clients into our remaining available land.

Zal and I also reclaimed 40,000 shares from the Estate of our former COO Annabis Moody (you should visit the memorial park in Tamaqua) who passed away with no SL will or next of kin. The reclaimed shares were service grants given to her by ZEN. As executors, we evenly reallocated 39,999 of the estate's shares as retention bonuses to three key employees: McChris Flanagan, Danica Sparta and YummySarra Genesis. All have 3+ years service and were direct hires of Annabis. Zal and I feel this is the least we can do to reward their loyalty, sweat, tears and dedication of years of service, and reflect their true equity stake in the company. This will also provide them with incentive opportunity for the future.

In addition, Danica was promoted to Chief Operating Officer, ZEN City and YummySarra was promoted to Chief Operating Officer, Zensuality.

Going forward, our focus will be as a partnership providing best boutique sim rental experience available, while leveraging our skills in superior SL breeding, community/consultative services, skill game facilitation, merchandise creation and marketing, and strategic partnerships to achieve superior profitability. More on this to come...

The outlook for October looks favorable (dividend!) and I'll report more on that in the next few days.

BALANCE SHEET

I did not publish a balance sheet our traditional way this quarter. This is because we've historically been required to assign an unrealistic asset value on regions we hold, which is a holdover from 2007 when land was believed to hold value and be an asset. Instead of taking a perceived massive asset writedown on something that clearly has little to no re-sell value, we will instead report our current assets, perceived assets and liabilities and let you interpret the value:

ZEN holds -

Regions

-1 Full Region - Tamaqua

-1 Full Region - Zensuality

-1 Grandfathered Homestead - Southampton Bay

Cash and Investments - End of Sept

- Cash - All Accounts - $69,135

- 10,000 Shares BOOT

- 9,507 Shares BOT

- 78,242 shares in Treasury

Other

- One hell of a dedicated team with 4+ years SL experience in myriad industries

- Unique and amazing SL destinations

- A holding alt with gobs of city, beach scape, skill games and seasonal inventory

- Freedom to focus on things other than selling "land"

- No liabilities

At the end of 4Q 2012 I will reset our balance sheet and republish in full, however I will not take an asset writedown on something that is clearly not an asset.

Thank you for understanding.

That's it for now. I'll update more soon. As I've indicated, I've been dealing with a disaster situation in RL, in addition to handling my normal RL and SL duties. It's a lot to manage all the way around.

All the best,
Ash
Nov 3rd 2012, 06:52
Ashleigh Wade
Zhenya Zoning Real Estate Co. » Monthly Financials
Re: Monthly Financials

Edited by moderator Nov 3rd 2012, 07:15

As you may know, ZEN is going through changes. Founded in 2007, ZEN's original land-based business model has been subjected to an increasingly challenging SL land market environment. Land was once king and highly profitable, but increasingly we find this is no longer the case for boutique estate players. If you are not a large estate you can't compete. In response, ZEN is transforming itself from a stodgy land company into a dynamic company that is un-tethered from the "land" concept.

In short, we are making changes to our model.

3Q 2012

http://www.impeccablyzen.com/ZEN_3Q_2012.xlsx

In 3Q 2012, we saw an operating loss of -L$34,125 on top of a year of losses and near misses. That's land. Money comes in. Money goes to LL. No margin for overhead. No margin to fund growth. No margin with which to operate a real company. That's the past.

Re-Organization

In late September, the Board held a series of emergency sessions where we decided to shed half our land liability. Our revenue was increasingly being subsidized by donation revenue on a year over year basis and losses were still recurring. Business-as-usual was unsustainable.

We decided to re-organize ourselves to achieve the following short term goals:
- Reduce our overhead to a very manageable level
- Recalibrate our staff resources and our business model to better align with our mission as a diversified community based business within SL.
- Retain our key clients.
- Lose our brand perception as a "land" company.
- Refocus our "land" on developing other projects for ZEN
- Achieve enough profitability to reach a consistent L$.01 per month share dividend in 4Q 2012.

BALANCE SHEET

I did not publish a balance sheet our traditional way this quarter. This is because we've historically been required to assign an unrealistic asset value on regions we hold, which is a holdover from 2007 when land was believed to hold value and be an asset. Instead of taking a perceived massive asset writedown on something that clearly has little to no re-sell value, we will instead report our current assets, perceived assets and liabilities and let you interpret the value:

ZEN holds -

Regions

-1 Full Region - Tamaqua

-1 Full Region - Zensuality

-1 Grandfathered Homestead - Southampton Bay

Cash and Investments - End of Sept

- Cash - All Accounts - $69,135

- 10,000 Shares BOOT

- 9,507 Shares BOT

- 78,242 shares in Treasury

Other

- One hell of a dedicated team with 4+ years SL experience in myriad industries

- Unique and amazing SL destinations

- A holding alt with gobs of city, beach scape, skill games and seasonal inventory

- Freedom to focus on things other than selling "land"

- No liabilities

At the end of 4Q 2012 I will reset our balance sheet and republish in full, however I will not take an asset writedown on something that is clearly not an asset.

Thank you for understanding.
Nov 5th 2012, 04:50
Ashleigh Wade
GVConsulting » News Story: GVC Q3 Financials To Be Release Today; Other News Coming
Re: News Story: GVC Q3 Financials To Be Release Today; Other News Coming
Hi there. Talked with Kafka this morning. Hes asked me to help get everything together because hes feeling ill and submerged in client work. Its the start of my business day and I have appointments tonight. Im going to juggle helping out in this mix.
Nov 5th 2012, 19:31
Ashleigh Wade
GVConsulting » News Story: GVC Q3 Financials To Be Release Today; Other News Coming
Re: News Story: GVC Q3 Financials To Be Release Today; Other News Coming
Update: I canceled my last appointment, came home and complied everything into Kafka's format and submitted for final review. Should be in a position to post within 12-24 hours. Thanks again for your patience.
Nov 6th 2012, 04:08
Ashleigh Wade
GVConsulting » Financial Reports - for CEO Posting Only
Re: Financial Reports - for CEO Posting Only
GVC had a decent 3Q 2012. We kicked off the quarter with our acquisition of Ford Edelman & Co.,one of the first SL public companies,established in 2006 and taken public in Jan 2007. The strategic acquisition has paid off in many ways. First,a lot of the marketing and PR tasks we used to outsource have now come in-house. Second,our new COO has come in handy :)

In 3Q 2012,GVC had L$5.18 Million in revenue from contract and ad-hoc projects,which has resulted in plenty of activity to keep us very busy. Expenses were down by L$183,435 thanks to some expense cutting,with the quarter totaling approximately L$2.3 Million. All-in-All we saw L$2.86 million in net profit for the quarter.

The upcoming dividend should be released soon. More info to come.

REVENUE CACC Project $250,000.00
CHAT Project $1,500,000.00
PUBA Project $900,000.00
TMS Project $600,000.00
ZWA Project $75,000.00
OPB Project $50,000.00
AIC Project $475,000.00
SEO Project $125,000.00
ARSI Project $1,000,000.00
Rentals,Odds and Ends $26,000.00
Dividends & Venture Income $114,545.00
FED PR Services $42,000.00
JLS Creations $25,112.00

Total Revenue $5,182,657.00

EXPENSES
Real Estate Cost $150,000.00
Marketing,Direct Ad Cost $50,000.00
Non-Executive Staff Costs $275,000.00
Operating Expenses $275,511.00
Equipment $46,938.00
Research and Development $550,000.00
Public Donations $225,000.00
Venture and Public Investments $750,000.00

Total Expenses $2,322,449.00

Net Profit $2,860,208.00
Nov 6th 2012, 08:15
Ashleigh Wade
GVConsulting » News Story: GVC Q3 Financials To Be Release Today; Other News Coming
Re: News Story: GVC Q3 Financials To Be Release Today; Other News Coming
Hi there,

Just spoke with Kafka and he expects to have dividends posted by the end of the week.

My appointment was an SL appointment and it was less "cancelled" and more rescheduled. It's all about juggling priorities in a world where everything is a priority. It was more important for me last night to make sure that you guys could trade. I can pick up the other meeting later. My RL job takes up my days and evenings and SL jobs take up nights and weekends. It's really all one big job of constant work it seems. Some of it is just more fun than other.

Have a great day today. Let me know if you have any other questions.

All the best,
C



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