http://slcapex.com/forums/browse/LCA en-us Mon, 01 Dec 2008 14:12:59 -0800 Mon, 01 Dec 2008 14:12:59 -0800 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/LCA/1988
:D

in topic L&L Credit Reporting Agency (LCA) Delisted for Material Non-Comp by Ivan Halfpint ]]> Fri, 13 Jun 2008 12:26:38 -0700 http://slcapex.com/forums/topic/LCA/1988/14191 http://slcapex.com/forums/topic/LCA/1988 Whatever Lindsay. Apparently you have a different version of reality than the rest of us.

Bo

in topic L&L Credit Reporting Agency (LCA) Delisted for Material Non-Comp by Bogart Beck ]]> Fri, 13 Jun 2008 11:33:19 -0700 http://slcapex.com/forums/topic/LCA/1988/14185 http://slcapex.com/forums/topic/LCA/1988
in topic L&L Credit Reporting Agency (LCA) Delisted for Material Non-Comp by Lindsay Druart ]]> Fri, 13 Jun 2008 10:08:20 -0700 http://slcapex.com/forums/topic/LCA/1988/14183 http://slcapex.com/forums/topic/LCA/1988 CORRECTION: Chairman asked for a HALT ostensibly under the premise that they were to reorganize in a manner that was preferential to shareholders - and then failed to do so.

Company delisted for material Non-Compliance - to wit, failure to submit conforming Financial Statements for two consecutive months.

Bo Beck

in topic L&L Credit Reporting Agency (LCA) Delisted for Material Non-Comp by Bogart Beck ]]> Fri, 13 Jun 2008 10:01:39 -0700 http://slcapex.com/forums/topic/LCA/1988/14180 http://slcapex.com/forums/topic/LCA/1988
in topic L&L Credit Reporting Agency (LCA) Delisted for Material Non-Comp by Lindsay Druart ]]> Fri, 13 Jun 2008 08:38:30 -0700 http://slcapex.com/forums/topic/LCA/1988/14172 http://slcapex.com/forums/topic/LCA/1998
http://www.slcapex.com/forums/topic/general/1996

http://llcorporationinc.forumotion.com/sl-capex-delistment-f14/shareholder-meetings-t9.htm#17

in topic LCA Updates by Scott Nestler ]]> Fri, 13 Jun 2008 08:34:19 -0700 http://slcapex.com/forums/topic/LCA/1998/14169 http://slcapex.com/forums/topic/LCA/1993 The LNL and LCA Forums maintained on SL CapEx will remain in force until at least the end-of-month (June 2008) to allow those who may be away on holiday or otherwise indisposed ample time to peruse and archive whatever content they feel is appropriate to secure their shareholder claim.

Bo Beck

in topic L&L Corporation Forums by Bogart Beck ]]> Thu, 12 Jun 2008 17:38:11 -0700 http://slcapex.com/forums/topic/LCA/1993/14145 http://slcapex.com/forums/topic/LCA/1993 http://llcorporationinc.forumotion.com for further discussion of the L&L Brand. The website is under construction so I have pulled the forums out of it for access meantime. Thanks!

At this time, I request that SL CapEx discontinue the forums.

in topic L&L Corporation Forums by Lindsay Druart ]]> Thu, 12 Jun 2008 17:02:04 -0700 http://slcapex.com/forums/topic/LCA/1993/14141 http://slcapex.com/forums/topic/LCA/1977
What is your plan now that both companies have been delisted?

in topic The use of Shares of LCA by Scott Nestler ]]> Thu, 12 Jun 2008 06:42:50 -0700 http://slcapex.com/forums/topic/LCA/1977/14098 http://slcapex.com/forums/topic/LCA/1988 L&L Credit Reporting Agency (LCA) Delisted for Material Non-Compliance - 06/12/2

L&L Credit Reporting Agency (LCA) has been DELISTED from the SL Capital Exchange effective 12:01AM June 12,2008. The LNL Forums will remain active through end-of-month to allow interested parties to communicate and/or archive information relative to LCA's history.

Persons seeking information regarding LNL are directed to contact Lindsay Druart.

A Final LCA Shareholders Report has been distributed to Lindsay Druart and is reproduced here for convenience.


Name LCA
LNLCA Dawes 1307915
Sully Okelly 541200
Monmakr Allen 525328
Lindsay Druart 397716
Scott Nestler 372232
Cayman Beaumont 371127
LNLBT Miles 225583
Kelvin Habana 212522
Luke Birdbrain 190420
Servme Nakamura 163000
Spleen Oh 117848
Tranquilo Holgado 100000
Kubi Beam 92169
Anre Heron 48509
Lei Kish 47366
Barton Giovinazzo 40837
goodeh Canning 25443
Stryker Yoshikawa 25122
Yuichi Underwood 19193
Devilin Eusebio 16667
Morphine Whiteberry 15000
Boniman Mannonen 13169
Shag Lane 11313
Aureola Choche 10000
Sando Haller 9941
Aleixandre Biedermann 9000
Yanka Slade 7900
Ivanovo Petrov 6809
Ze Novikov 5142
Mateo Infinity 5000
Rockerduck Vella 5000
Vinson Vella 4695
Marcellino Maddaloni 3096
Tommie Frangible 3000
Antonella Sirbu 2925
Arnaud Villota 2600
LowerSaxon Jaxxon 2333
Dillian Novi 2074
Dol Allen 2000
Germano Rossini 2000
Kahai Kubo 2000
XaviBcn Voom 2000
DFH Westland 1801
Leesil Carfagno 1779
Jurin Juran 1550
Eneko Rieko 1500
unbonbom Aabye 1350
Bims Writer 1333
broker Ferraris 1000
Cornelious Beck 1000
Iris Gopheller 1000
Krazy Priestman 1000
Pipes Pessoa 1000
Siegfried Kungler 1000
Smeagol Greene 1000
Tizznabus Lykin 1000
Racen Torok 996
AWRestonez Vella 901
Maisha Slade 885
UnderCover Loon 750
Xenin Rau 743
V9 Iwish 735
Tom Prospero 717
SEXYMAMI69 Tripsa 667
Ragged Delec 596
Anna Kazyanenko 570
Positron Sands 495
Slforum Huet 494
Michelle Medby 445
Philippe Daniels 426
Slash2525 Allen 389
Poco Roffo 354
MrNickolas Lytton 333
Nadia Matova 333
Valence Beaumont 333
DIMM Flow 300
Invalid Caproni 300
schutzy Barak 300
Xenia Easterman 300
Tumult Ivanova 250
lobisones Congrejo 200
home Hyun 184
Turano Lane 182
Conico Csak 175
Mikael Book 167
Moyo Manamiko 166
Bubba Herzog 157
Kenshi Dagger 133
Smithers Daviau 102
Anastasia Gazov 101
Sven Loening 100
Uli Zabelin 100
NicoleA Stine 92
Crissty Heartsdale 83
Marius Letord 80
Jeffery Bergbahn 67
Myron Cerveau 67
Willie Independent 67
Kyleus Witte 56
sheila6225 Allen 53
Io Habilis 51
Maelstrom Baphomet 50
BobbyE Runo 49
Kdmutual Planer 45
dtd Streeter 33
Zed Fairweather 33
Ryder Capalini 31
Dr37923 Trautman 28
Galenia Decosta 27
Dale Eel 23
real2real Aabye 23
latzio Hawker 20
Jeb Gibb 17
Horatio Revnik 16
Lumpy Aeon 14
puru Pera 14
Chamell Vhargon 10
ferre Howlett 10
Sarine Alderson 10
shii Jacobus 10
Rolpe Rodenberger 6
DennisE Oh 4
John Rayna 3
Syvin Vought 3
Caleja Offcourse 2
Kenan Bracken 2
Sprengstoff Kuhn 2
ThaBiGGDoGG Richez 2
Amibank Carter 1
christopher123 Fall 1
Dezmond Martinek 1
Giddy Phillip 1
jasonroberts Holmer 1
Kadena Whitfield 1
Kella Aya 1
mohan Korobase 1
Orage Lubitsch 1
Sportsbets Writer 1
Stroh Bing 1


in topic L&L Credit Reporting Agency (LCA) Delisted for Material Non-Comp by Bogart Beck ]]> Thu, 12 Jun 2008 00:34:39 -0700 http://slcapex.com/forums/topic/LCA/1988/14095 http://slcapex.com/forums/topic/LCA/1977
in topic The use of Shares of LCA by Lindsay Druart ]]> Mon, 09 Jun 2008 07:11:24 -0700 http://slcapex.com/forums/topic/LCA/1977/14035 http://slcapex.com/forums/topic/LCA/1977
in topic The use of Shares of LCA by Monmakr Allen ]]> Sun, 08 Jun 2008 04:35:44 -0700 http://slcapex.com/forums/topic/LCA/1977/14011 http://slcapex.com/forums/topic/LCA/1977
As a recognized LCA shareholder, I designate Scott Nestler as my proxy.

Add to that as you please :)



in topic The use of Shares of LCA by Konner McDonnell ]]> Sat, 07 Jun 2008 07:14:16 -0700 http://slcapex.com/forums/topic/LCA/1977/13997 http://slcapex.com/forums/topic/LCA/1977
in topic The use of Shares of LCA by Monmakr Allen ]]> Sat, 07 Jun 2008 03:57:01 -0700 http://slcapex.com/forums/topic/LCA/1977/13996 http://slcapex.com/forums/topic/LCA/1964
in topic Request to SL CapEx Management by Scott Nestler ]]> Tue, 03 Jun 2008 19:33:33 -0700 http://slcapex.com/forums/topic/LCA/1964/13921 http://slcapex.com/forums/topic/LCA/1964
I am assuming that locked assets will be kept by SL CapEx. I have no idea how that is done at this exchange. If they are being released, I would ask that the accounts be unlocked to retrieve assets for our portfolio. Once I have recieved the shareholder list for LCA, I ask that SL CapEx Management proceed with complete delistment. A group will be issued including all L&L Corporation shareholders for updates and soon the website and forums will be complete for information as well.

Lindsay Druart

in topic Request to SL CapEx Management by Lindsay Druart ]]> Tue, 03 Jun 2008 16:21:54 -0700 http://slcapex.com/forums/topic/LCA/1964/13903 http://slcapex.com/forums/topic/LCA/1944
-Scott

in topic Preliminary Conversion Schedule by Scott Nestler ]]> Thu, 29 May 2008 14:43:24 -0700 http://slcapex.com/forums/topic/LCA/1944/13739 http://slcapex.com/forums/topic/LCA/1944 -----------------------------------------------
If 1 LLRS share equals 1 LLC share, that means that one LLC share is valued at L$1.78. Yet the cash depositors in LLFS that were already waiting for their funds to become available for withdrawal are now paying L$2 for 1 LLC share, which is a 0.22 percent premium. Truth be said, the same goes for the Liquidation Fund shareholders.

Since these two groups were cash depositors, don't you think that a 1.8/1 share conversion would be more correct?

One could also argue over the 30 day average used for LLFS and LLCRA, but if you buy (or get) stock, you have to assume the risk that goes with it, so that seems to be "fair".

Which leads me to the following : if the cash balances in LLFS that were converted to CD's were payable L$20,000 per month till the balance reached zero, I wonder where all that money went now - after all, it is too being converted to shares in a new company.

Was it used to take on the debt of LLCRA? If so, why do LLFS depositors get footed with the bill of another entity? I'd understand LLFS shareholders taking on a part of the debt, as they were indirectly participating in LLCRA. If not, where is the money?

Disclaimer :

LCLRA shareholder
LLFS depositor
LLFS shareholder

in topic Preliminary Conversion Schedule by Servme Nakamura ]]> Thu, 29 May 2008 14:32:12 -0700 http://slcapex.com/forums/topic/LCA/1944/13738 http://slcapex.com/forums/topic/LCA/1944 As stated, I am posting the conversion schedule for L&L Corporation based on the LLL price at $1.78/share. This schedule should be finalized within a day or so as I work to post the share allotments.

L&L Financial Liquidation Fund at $1/share = 2/1 conversion to LLC
L&L Rentals and Sales at $1.78/share = 1/1 conversion to LLC
L&L Credit Reporting at $.43/share (30 day average) = 4/1 conversion to LLC
L&L Financial Services at $.35/share (30 day average) = 5/1 converstion to LLC
L&L Financial Services outstanding at $1/share = 2/1 conversion to LLC
L&L Credit Reporting oustanding at $1/share = 2/1 conversion to LLC

This will be posted in the forums for discussion should there be any questions or adjustments needed. We expect to have the L&L Corporation Forums up and running within a day or so. The L&L Corporation website has been taken offline for rebranding. LLFS and LCA website are still holding for the rebrand as well. We expect to have most of the changes made this weekend to start open trading on LLC next week.

Sincerely,

Lindsay Druart, COO
L&L Corporation
lindsay.druart@llcorporationinc.com


in topic Preliminary Conversion Schedule by Lindsay Druart ]]> Thu, 29 May 2008 08:38:01 -0700 http://slcapex.com/forums/topic/LCA/1944/13699 http://slcapex.com/forums/topic/LCA/1915
We have all spoken out, made mistakes, made decisions that turned out to be wrong, spread ourselves thin, and supported ideas that were not viable in the end. We've laid too much on the line, depended on a stability that turned out to be quicksand and been swooped up, chewed upon and spit out.

At the same time, we've learned, discussed, lost and gained.

Each and everyone of us contributed in their own way to the situation we are in now, and it makes us all what we are and how we react.

Since we can't change the past, we better learn from it and take those things we did right with us to the future. There is no guarantee that things will be better, but I'd rather have an uncertain future we can partially influence then none at all.

in topic LLL trading on LLFS? by Servme Nakamura ]]> Thu, 22 May 2008 22:19:41 -0700 http://slcapex.com/forums/topic/LCA/1915/13501 http://slcapex.com/forums/topic/LCA/1915
I guess it's easy to sit on the sidelines and take potshots, and I feel somewhat ashamed that I did that. I hate it when people do that to me, and I should know better. It's too easy to sit behind the keyboard and forget that real people sit behind the keyboards on the other end.

I'm sorry to have contributed to the whirlwind. I might not agree with some things you have done, but you're right - you're still here and trying to salvage it. You don't need a smartass with no stake in the outcome second-guessing you from the sidelines.

Hopefully you can accept my apologies - I don't know that we'll ever be best buds - lol - but I am sorry that I didn't keep my yap shut - both today, and 7 months ago.

Your post here really struck me, because I have had similar thoughts and experiences with SL over the years - seeing how it can assume too big a place in your life and cause a lot of stress and anxiety. I have had business failures in SL as well - the skins i developed never did anything but cost a lot - and before I was into renting land, I ran a number of malls that never really did more than break even (barely) no matter how much work I did on them. As for DDE - there but for the grace of God go I - things have been fine so far - but who knows what the declining US and SL economies, and LL policy changes, are going to do to that.

So, I'll shaddup now, and wish you the best of luck.

dd



in topic LLL trading on LLFS? by Delicious Demar ]]> Thu, 22 May 2008 15:20:23 -0700 http://slcapex.com/forums/topic/LCA/1915/13485 http://slcapex.com/forums/topic/LCA/1915
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.


in topic LLL trading on LLFS? by Ashleigh Wade ]]> Thu, 22 May 2008 14:49:10 -0700 http://slcapex.com/forums/topic/LCA/1915/13484 http://slcapex.com/forums/topic/LCA/1915
Having been watching the drama that has been taking place recently, I feel that nothing is being gained by screaming at each other. There is a difference between an honest question and an accusation in the form of a question. There is also a difference between corporate communication and reacting defencively. I've seen all of these lately, and I think some order is needed.

I could probably lay out judgments on both sides, but I'll not do so since it does not contribute anything. Instead, I'll simply note that in the long run, we all wish for the same thing. Investors want their investments to not disappear, the company wants to succeed, and customers want their money's worth. Perhaps if we stop tearing at each other, this can be realised.

Just my opinions.

in topic LLL trading on LLFS? by Kailen Juran ]]> Thu, 22 May 2008 13:08:51 -0700 http://slcapex.com/forums/topic/LCA/1915/13481 http://slcapex.com/forums/topic/LCA/1915
Ok, this has been a long time coming and this is directed at no one in particular. This is just my moment of explosion but here goes.

I’m 27 years old and for 23 years, the only phrase embedded in my head was failure is not an option. And one day, it hit me that my mother was lying. It is an option and always will be but it is not always an option we foresee or an option that we choose. With that, I was sitting in Atlanta’s traffic on my 1 hour commute home from work mulling all this in my head, things that I have said to myself many times and I just cracked.

I screwed up. I f**ked up for that matter. That’s a better word actually. I failed. And I failed because of a lot of reasons. I over spent on half done software. I over expanded too fast. I was over zealous in my action plans without sufficient fall back efforts. I was pompous in my place in SL not realizing that I was just as touchable if Linden Labs wanted me touched. I should have cut interest rates long before I actually did. I should have paid more attention to what Sully was doing especially now knowing that he damn near fired someone that questioned him on the botched up deal he did with Scott. I should have been paying more attention to Seleste who was failing horribly at being a leader. I probably should have never bailed out SLIB or bought 8 Dragons. I should have done more research and shut the hell up more. I should have listened more than I talked. I should have probably never came to SL at all. Life would be a lot better without it.

Am I sorry for it? Hell, yes. Who wants to go down in history as a blow hard failure? I made promises that I couldn’t live up to trying to save face more so than do business. Not that it was done intentionally but I failed a lot of people. Hundreds of people. Millions of lindens. However, not near as much as people claim. I don’t mind taking the blame but at least let it be accurate. Someone said I IPOed a company for 10s of millions of dollars. Never. I have never had an IPO or SPO over 2 million. Collectively, investor funding is less than 5 million period across all the L&L companies. Customer funds minus interest paid out and other bonuses doesn’t equal 5 million either so we are talking about less than 10 million linden here overall so its not like I made off with a tens of millions to buy a car or something stupid. I still drive the same 2001 Altima with no bells and whistles and still live in the same $125,000 house that I pay half the mortgage with my RL boyfriend. I didn’t go create some software real world. I didn’t invest in fighting pit bulls.

For that matter, its disturbing how easily people turn on you as long as you are showing them a tremendous ROI not for once thinking about how that came about. I work a full time job Monday through Friday and a part time job on the weekend. I haven’t made a dime in SL since October 2007 and spent about 11 hours a day for almost 600 days straight in game working on the businesses above and beyond my RL work and trying to secure a viable market for the RL L&L Corp. But people sit there and say I need to reorganize my RL. No, I need to reorganize my SL or there will be no RL. I love this place and hate it at the same time because sacrifice means nothing when you fail.

At the same time though, I am still here. Trying. Trying to do something. I can easily walk away, shut down Lindsay Druart and pop on another avatar and none of you would be the wiser. I could tell you all to go to hell and not bother showing my face at all. I could just log off and walk away but I haven’t. I am still here. Answering questions. Thinking of solutions. Asking for assistance where I may be uninformed. Asking for ideas where I have fallen short. It is EASY for me to leave. But what will that solve? Sure I had some failure but I also had some success and still have some success. Nothing is perfect and nothing is fool proof. For those that believe that something is, slit your throats and die now because the only absolute perfection in life is complete death. I can’t change what I did wrong. At this point, I am playing clean up with the resources I do have and right now it isn’t much.

I don’t want anything from anyone here. I just want to run my business without the excess headache, drama, and issues that have radiated from my SL robbing me of my RL. I just want to log on, handle my business and be done. I am tired of the back and forth. I am tired of the needless whining. I am tired of the text griefers. I am tired of the idiots. I am tired of having to rely on the movements of others to affect my own. This is why I am combining efforts. Because there is too much man power needed to handle them all separately and they will all fail if that continued. I am so sorry that things didn’t go to plan because I feel like I spent an enormous amount of time on something that didn’t even pan out to be 10% worth it at the end of the day. I came into this game with a sound mind, body, good job, good school, friends and family, and about $135,000 USD personal worth. Now I am an angry bitter bitch falling asleep on cue if I don’t take some $400 a month medicine that gained 50 lbs sitting at a computer for hours on end that outcast my RL family and friends in favor of pixel ones that sit around attempting to put spells on me for something I did rping, 2 write ups from losing my job, a college drop out because I can’t focus long enough to finish a class, and worth about $50,000 USD with less than $1,000 of that liquid after shelling out $12,000 USD just to offset what was lost while Seleste failed with LLL and what was lost from currency exchanges during the banking ban and now I am paying for yet another failure that I have very little means of paying which is why I KNOW I WAS LEFT OUT OF THAT DEAL BECAUSE I WOULD HAVE NEVER AGREED TO IT IN A BILLION YEARS. And I was actually wrong about the software cost. It was about $10k USD together with the customizations….anyway….

This place takes a lot out of you when you try hard only to fail or when you repeatedly get walked on for your good graces or even when you just horribly plan how things are supposed to work. It makes you bitter and constantly defensive because you get to a point where you realize no one gives a damn about your SL. It’s only their SL that matters. Until you realize that this place is a whole different psychological make up forged with anonymity and the ability to be as phony as you want to be without much repercussion, you spend needless time trying to please people when if you had spent more time just doing what you loved you would have been more successful. I am not surprised if Sully just said f**k it and decided not to come back. People can do that here. Easy. And leave everyone else holding the bag. I could, too. As much as I want to and God knows I do, I haven’t because DD is right. I have SL obligations and that is the only reason I am still here. My own name reminds me of the bridges I have burned, the mistakes I have made, the constant stench of my own stupidity and immaturity in my actions. But I’m not on an alt. I’m still Lindsay Druart. And I am still running L&L Corporation. No promises. No gimmicks. No thoughts of the grandeur. Just business. None of this is no one’s fault but my own for thinking I was better than the bullshit but I probably caused and fed into more of it than anyone here.

Now, I am going to run the damn company and leave it at that.


in topic LLL trading on LLFS? by Lindsay Druart ]]> Thu, 22 May 2008 12:29:23 -0700 http://slcapex.com/forums/topic/LCA/1915/13480 http://slcapex.com/forums/topic/LCA/1915
How many hares are outstanding in this company? How many new shares are going to be diluting this thing for current shareholders?

Finally according to the last financial report the company hauled in half a million lindens in profit for March alone. Yet she says she cant pay the money she owes Nestler? How about not paying your RL rent with your SL profits and meet your SL obligations first.

Do we have confirmation that she is gong to be allowed to list this 'thing' she is creating on SLCAPEX? How many shares is she going to giver her self in this new contraption?

Lets call it LDRF - Lindsay Druart Rent Fund - anyone wanna make a donation?

in topic LLL trading on LLFS? by Ivan Halfpint ]]> Thu, 22 May 2008 12:17:12 -0700 http://slcapex.com/forums/topic/LCA/1915/13479 http://slcapex.com/forums/topic/LCA/1905
dd





in topic Answer for last noted Bankruptcy question by Delicious Demar ]]> Thu, 22 May 2008 11:35:49 -0700 http://slcapex.com/forums/topic/LCA/1905/13477 http://slcapex.com/forums/topic/LCA/1905
You do think that your creation of shares out of thin air was fair ? (i dont remember the exact numbers but from what i recall you created 500k shares for yourself and about 500k for your cfo wich is about 4mill L$ worth at L$ 2 a share)

Your creative attempt to merge "lca-debt" with new shares somehow isn't "blaming" the shareholders ? (hint: the result they'll pay for the mess you created).

I have nothing against you Lindsay, but you are prety damn arrogant.

in topic Answer for last noted Bankruptcy question by Andy Grant ]]> Thu, 22 May 2008 11:20:31 -0700 http://slcapex.com/forums/topic/LCA/1905/13475 http://slcapex.com/forums/topic/LCA/1905
And yes, I have given up on Sully. I don't remember blaming shareholders for someone leaving either...that's a new one. And I don't recall weaseling out of anything but I have the truth about that whole deal now and either way, I am left holding the bag so it doesn't matter. A lot of people blew what I said about RL commitments out of proportion but eh, humans. Nothing more, nothing less.

in topic Answer for last noted Bankruptcy question by Lindsay Druart ]]> Thu, 22 May 2008 11:08:30 -0700 http://slcapex.com/forums/topic/LCA/1905/13474 http://slcapex.com/forums/topic/LCA/1905
"If memory serves, you took the opportunity to raise a lot of money in new IPO's and secondary offers (during which you created new shares into your own account - basically for free). "

That's exactly why i dumped all my shares of LNL the second the secondary went live on wse a while back (i kinda don't like ceo's who create shares out of thin air for themself).

That said, i think 99,99% of all "ceo's" on slexchanges are either greedy bastards, or kids playing virtual millionaires without having a clue what they're doing or both, so i'm not really surprised.

Ithink Lindsay is right ithink it's the shareholders fault that sully disappeared, ithink they are to be blamed.

Well... I'm not sure this is realistic to say, but i hope Lindsay will somehow get out of the "rl-commitments"-exuses and blame-the-shareholder games, imean i wish.



in topic Answer for last noted Bankruptcy question by Andy Grant ]]> Thu, 22 May 2008 10:00:43 -0700 http://slcapex.com/forums/topic/LCA/1905/13472 http://slcapex.com/forums/topic/LCA/1905
As it so happen Lindsay I am also critical of your company(ies) – and for many of the same reasons. You go on these forums bragging about the LnL brand being built with blood sweat and tears and being a premier name in SL business. I’m sorry LnL is a grand failure – you are closing down two businesses and leaving people you owe money to in the lurch. Then you claim you paid $10,000 for LCA software that does nothing. I’ve been to the website and the only thing I have ever seen was a couple of news posts. You are having some success as a land owner and are pulling in dollars from that operation – why not do the right thing and pay your creditors and shareholder what you owe them? Sell your sims – you have a duty as chairperson of a public company to work for your shareholder – instead you hide behind some imaginary divisions of LnL.

As for you consolidating – that’s not really what happening at all. There is nothing to consolidate – LCA and LnL financial are dead – LCA in fact has never been alive – what are you consolidating? What you are trying to do is find a way to weasel out of paying people what you owe them because yet another couple of your businesses are grand failures. You say you don’t have time to run your companies – you say you don’t have time to watch your CEO’s – you say RL is too demanding – yet you keep trying schemes to shuffle shareholders around – why not pay the people off and concentrate on RL – your credit unions and banks and becoming the next ruler of the world? You brag in articles about having enough money to pay your rent from SL activities – then pay the people you owe. Simple.

What strikes me as funny is you having the nerve to publically slander DD. It is well known that she has always been more then fair and worked very hard for her shareholders. The results speak for themselves the success of DDE was unmatched by any company I have seen in SL. Her reputation for being and honest and fair person is unparalleled in SL and you try to slander her by calling her two faced?

Once again DD has shown her class and elegance by saying you’re a ‘a bit scattered’ because anyone who has looked at your track record of failures and posts and posts on non sensical rambling filled with personal attacks and anger may have an opinon slightly harsher then ‘a bit scattered’. For the record I am one such person.

Regards

Ivan


in topic Answer for last noted Bankruptcy question by Ivan Halfpint ]]> Thu, 22 May 2008 09:37:06 -0700 http://slcapex.com/forums/topic/LCA/1905/13471 http://slcapex.com/forums/topic/LCA/1905
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?

in topic Answer for last noted Bankruptcy question by Ashleigh Wade ]]> Thu, 22 May 2008 09:35:17 -0700 http://slcapex.com/forums/topic/LCA/1905/13470 http://slcapex.com/forums/topic/LCA/1905
With your present actions, aren't you just proving me right?

dd



in topic Answer for last noted Bankruptcy question by Delicious Demar ]]> Thu, 22 May 2008 09:14:59 -0700 http://slcapex.com/forums/topic/LCA/1905/13469 http://slcapex.com/forums/topic/LCA/1905
And DD you made an enemy with me a long time ago with your smiling in my face in your blog and talking behind my back. I just don't feel the need to dwell on it. I am sure you remember my brief IM to you and I haven't spoken to you since.

And.....I am not folding up. I am consolidating which means I am reshuffling things to fit better but if you don't see that then I can't make you either...

in topic Answer for last noted Bankruptcy question by Lindsay Druart ]]> Thu, 22 May 2008 08:48:31 -0700 http://slcapex.com/forums/topic/LCA/1905/13468 http://slcapex.com/forums/topic/LCA/1905 I know I'll get flamed for this - but wtf, right? I have no stake in any of the L&L companies - so I am simply watching as an interested observer. But before you tell me to shut the hell up...

why are you so mad at the people asking questions? You've lost millions of their Lindens, and now don't seem to have the time, due to RL commitments, to deal with them civilly. Seems to me that you should be apologizing, instead of throwing everything back onto them. they are understandably upset and want answers. Your constant defenisiveness is really unsettling, to be honest.

I know that you have run a really successful land company, and have branched out into a number of other investors. If memory serves, you took the opportunity to raise a lot of money in new IPO's and secondary offers (during which you created new shares into your own account - basically for free). The "divided focus" that you talk about in your blog certainly netted you a lot of cash.

I get the sense that you are willing to blame everyone but yourself - even when you admit fault you do so defensively with a "so?? i screwed up - whatcha going to do about it?" attitude.

I have been through tough times as well in SL biz - but I am hoping that the shareholders that kept track were not alarmed, because I tried to make sure that there was always a concrete plan in place before I started making public statements. You might consider taking your own advice, until you have something in place that answers all of the questions that you have been summarily dismissing.

I guess I will have made another enemy with this post - but frankly, I will always speak out when I see people that have used other peoples' money to grow their business, being lazy or cavalier about it after the fact, and simply folding up when it all becomes too much. It's not EASY - don't take the easy way out - reshuffle your RL commitments - you have SL commitments that represent thousands and thousands of dollars.

just one person's opinion...

dd

in topic Answer for last noted Bankruptcy question by Delicious Demar ]]> Thu, 22 May 2008 05:30:22 -0700 http://slcapex.com/forums/topic/LCA/1905/13460 http://slcapex.com/forums/topic/LCA/1905
Frankly I don’t care what you spent in the past on what. Here is what I do know LNL is a walking disaster – failure after failure and you just keep coming up with hairbrain schemes that fail……

Here is a good plan for you – liquidate everything you own – pay your debts and I there is anything left over (which I doubt) pay your shareholders who have suffered through your flights of fantasy. Then you can focus your time in the RL since you are so busy – then maybe we can finally see Lindsay Banks spring up everywhere *rolls my eyes*

If I seem harsh it is only because I don’t like people who dodge their debts and make up dodgy excuses – you are dodging around trying to separate all your business – well this is LCA and LLL can be responsible cause LFR and LER and LWS are separate from LZQ – therefore LMK is really responsible because LED didn’t pay LCC. Whatever the new business is that Bogart is apparently going to allow I hope it has more success then the past LNL disasters – but I doubt it – good luck shareholders.

PS - when guys like me shut up companies like LNL and MNM have free reighn to trample shareholder - which is why I keep talking. I am not here for personal gain I just like giving investors a heads up to some of the garabage that goes on around here - its a valuable service in my eyes.

Cheers

Ivan

in topic Answer for last noted Bankruptcy question by Ivan Halfpint ]]> Thu, 22 May 2008 05:26:38 -0700 http://slcapex.com/forums/topic/LCA/1905/13459 http://slcapex.com/forums/topic/LCA/1905
And actually, at halt, LLL was trading at 1.78 so that is the base conversion that would be used.

Also, about $2.5 million Linden was spent on EACH of the LNL and LCA websites that are now not generating that which the current liability actually equals just above that......So Ivan, tell me how I can liquidate a website to make $5 million linden back? Selling incomplete software is not the "buzz" item in technology right now, but since you have all the answers, please do share.

You have NO idea what is owed and you have NO idea what has been paid so frankly....unless you know....shut the hell up... :)

It is always nice to read the opinions of the uninformed.

in topic Answer for last noted Bankruptcy question by Lindsay Druart ]]> Wed, 21 May 2008 14:00:46 -0700 http://slcapex.com/forums/topic/LCA/1905/13437 http://slcapex.com/forums/topic/LCA/1905
in topic Answer for last noted Bankruptcy question by Scott Nestler ]]> Wed, 21 May 2008 13:15:08 -0700 http://slcapex.com/forums/topic/LCA/1905/13435 http://slcapex.com/forums/topic/LCA/1905
'Currently, LLL trades at about $1.50 a share with LCA and LNL at just below $.50. All stock will be converted to the new company ticker, LLC, to be listed on SL CapEx, based on the LLL share price. In addition, L&L Liquidation Fund will be rolled into this with the same conversion. All outstanding linden debt from LLFS will be converted as well. A portion of LCA debt will be included. In order to rise from this and be able to offer a sound trading platform for the brand, there will be no promise of buybacks or dividends. There will be a dividend schedule posted so that shareholders are aware of the stipulations for a dividend to be paid.'

----

Hold the phone where is LLL trading at currently for $1.50? Secondly has Bogart OK'ed this conversion plan? Druart and her companies are a walking disaster - having this new crazy Druart concauction 'LLC' is only going to furthe hurt confidence in SLCAPEX.

Why doesnt she just pay people what she owes them intead of conjuring up all these crazy stock conversion schemes and 'liquidation funds'. Bogart can we get some confirmation that you Ok'ed this plan? Was there any other consultation with other major stakeplayes in SLCAPEX.

Remeber this is the same woman that when two of her companies were collapsing has schedueled a shareholder meeting to deal with the crisis in September! Helloooooooooooooo


in topic Answer for last noted Bankruptcy question by Ivan Halfpint ]]> Wed, 21 May 2008 12:57:33 -0700 http://slcapex.com/forums/topic/LCA/1905/13433 http://slcapex.com/forums/topic/LCA/1905
What portion and why not all?

-Scott Nestler

in topic Answer for last noted Bankruptcy question by Scott Nestler ]]> Wed, 21 May 2008 12:22:27 -0700 http://slcapex.com/forums/topic/LCA/1905/13431 http://slcapex.com/forums/topic/LCA/1905 http://lindsaydruart.blogspot.com/2008/05/future-of-l-brand.html

in topic Answer for last noted Bankruptcy question by Lindsay Druart ]]> Wed, 21 May 2008 06:39:25 -0700 http://slcapex.com/forums/topic/LCA/1905/13420 http://slcapex.com/forums/topic/LCA/1118 http://lindsaydruart.blogspot.com/2008/05/future-of-l-brand.html

in topic Official Weekly Update - For CEO Posting Only by Lindsay Druart ]]> Wed, 21 May 2008 06:39:05 -0700 http://slcapex.com/forums/topic/LCA/1118/13419 http://slcapex.com/forums/topic/LCA/1905
Do you have an update?



in topic Answer for last noted Bankruptcy question by Stryker Yoshikawa ]]> Tue, 20 May 2008 05:23:03 -0700 http://slcapex.com/forums/topic/LCA/1905/13390 http://slcapex.com/forums/topic/LCA/1905
in topic Answer for last noted Bankruptcy question by Scott Nestler ]]> Mon, 19 May 2008 15:11:02 -0700 http://slcapex.com/forums/topic/LCA/1905/13381 http://slcapex.com/forums/topic/LCA/1905
in topic Answer for last noted Bankruptcy question by Lindsay Druart ]]> Mon, 19 May 2008 14:04:53 -0700 http://slcapex.com/forums/topic/LCA/1905/13379 http://slcapex.com/forums/topic/LCA/1905
in topic Answer for last noted Bankruptcy question by Monmakr Allen ]]> Mon, 19 May 2008 11:54:29 -0700 http://slcapex.com/forums/topic/LCA/1905/13370 http://slcapex.com/forums/topic/LCA/1118
in topic Official Weekly Update - For CEO Posting Only by Lindsay Druart ]]> Mon, 19 May 2008 06:41:41 -0700 http://slcapex.com/forums/topic/LCA/1118/13365 http://slcapex.com/forums/topic/LCA/1884
in topic Bankruptcy by Scott Nestler ]]> Wed, 14 May 2008 12:58:46 -0700 http://slcapex.com/forums/topic/LCA/1884/13164 http://slcapex.com/forums/topic/LCA/1884
I don't think it's fair to set myself up for failure knowing I can't do that over the period of time you want it done. I am not going to promise that.

in topic Bankruptcy by Lindsay Druart ]]> Wed, 14 May 2008 12:42:46 -0700 http://slcapex.com/forums/topic/LCA/1884/13163 http://slcapex.com/forums/topic/LCA/1884
Does anyone think that a plan that extends another 8 months and does not guarantee me at coming out even in this arrangement is reasonable?

Reasonable would be a formal plan with fixed payments over a fixed amount of time in a period that will total less than a year.

in topic Bankruptcy by Scott Nestler ]]> Wed, 14 May 2008 12:26:05 -0700 http://slcapex.com/forums/topic/LCA/1884/13162 http://slcapex.com/forums/topic/LCA/1884
Listen....as for there being LCA money in the bank, no there isn't any. As for the RW company, yes there is but there is no reasonable repayment that you would agree to. The RW company was grounded while I was on sick leave so it has very little income right now and I mean like not even part time job income. Your reasonable is not the same as my reasonable.

in topic Bankruptcy by Lindsay Druart ]]> Wed, 14 May 2008 11:57:17 -0700 http://slcapex.com/forums/topic/LCA/1884/13161 http://slcapex.com/forums/topic/LCA/1884
How can you close a company because it has debt when there is money in the bank?

"How many times must I say that I am not closing for monetary issue? And yes the LCA debt has a lot to do with it. The bank account isn't empty but that doesn't mean I can afford that debt either."

You have openly acknowledged the debt and now it's time for you to make a reasonable plan for repayment of that debt.

in topic Bankruptcy by Scott Nestler ]]> Wed, 14 May 2008 11:07:37 -0700 http://slcapex.com/forums/topic/LCA/1884/13143 http://slcapex.com/forums/topic/LCA/1884 The only risk factor we foresee is database stability. As the database grows it may become slower and we have to upgrade to hold the information.







in topic Bankruptcy by Sportsbets Writer ]]> Wed, 14 May 2008 10:24:51 -0700 http://slcapex.com/forums/topic/LCA/1884/13124 http://slcapex.com/forums/topic/LCA/1884
in topic Bankruptcy by Lindsay Druart ]]> Wed, 14 May 2008 09:36:01 -0700 http://slcapex.com/forums/topic/LCA/1884/13103 http://slcapex.com/forums/topic/LCA/1884
Especially if all of the RL transactions are tied together into a single paypal/bank account.

They are financially tied.

The same basis applies to any RL corporation with a presence in SL. I have 3 separate RL corporations, they have separate Federal ID's, banks accounts and such. Any transaction between the corporations is treated the same as with any outside vendor or consultant. A invoice is generated and a check is written.

Any bankruptcy court would view any other action as a shift in assets/liabilities and seize assets across all companies/divisions and place you in Administrative receivership.

iVentures is a RL accountant, I would suggest that you consult with him on this for a few minutes or your time.

You may want to end this thread and call this something else that Bankruptcy, the term far exceeds your intent.

in topic Bankruptcy by Scott Nestler ]]> Wed, 14 May 2008 09:14:51 -0700 http://slcapex.com/forums/topic/LCA/1884/13091 http://slcapex.com/forums/topic/LCA/1884
in topic Bankruptcy by Lindsay Druart ]]> Wed, 14 May 2008 08:55:34 -0700 http://slcapex.com/forums/topic/LCA/1884/13082 http://slcapex.com/forums/topic/LCA/1884




in topic Bankruptcy by Scott Nestler ]]> Wed, 14 May 2008 08:52:28 -0700 http://slcapex.com/forums/topic/LCA/1884/13081 http://slcapex.com/forums/topic/LCA/1884
LCA is a virtual division of the RL company, but neither is dependant on the other. This was done to insure that if one virtual division failed it was not a domino affect on the others nor the RL company and opens a door to continued research and development with the possibility of resurfacing.

LCA is a virtual company and not eligible for RL Bankruptcy Court and for the record, I would never file bankruptcy real life for anything anyway, business or personal.

If you are implying that I file RL bankruptcy for the RL company, that would open up a huge can of worms that in most cases is probably not legal but even past that, would force me to file for personal bankruptcy in addition to the business bankruptcy. Not only would I have to file but all the founders would as well. For that matter, no bankruptcy court would allow filing for a $2000 debt anyway.

in topic Bankruptcy by Lindsay Druart ]]> Wed, 14 May 2008 08:34:34 -0700 http://slcapex.com/forums/topic/LCA/1884/13072 http://slcapex.com/forums/topic/LCA/1884
Doesn't the RL company pay the hosting fees in USD for LCA's website?

Isn't LCA just another division of L&L as you stated to "I'm done with these divisions."

http://www.slcapex.com/forums/topic/LNL/1885?page=2

Please let me know we need to file a RL claim with a Bankruptcy Court.

in topic Bankruptcy by Scott Nestler ]]> Wed, 14 May 2008 08:00:49 -0700 http://slcapex.com/forums/topic/LCA/1884/13061 http://slcapex.com/forums/topic/LCA/1884
As for this supposed debt, personally, I think there is a piece to the puzzle missing...well a few pieces, one being Sully but I don't feel like fussing about it anymore. No matter how I approach the situation, which initially was discovery as this whole deal was done horribly wrong from the first email, someone is going to start with the personal attacks and such so....eh.

LCA assumes the debt and closes its doors because of it.

in topic Bankruptcy by Lindsay Druart ]]> Wed, 14 May 2008 06:35:23 -0700 http://slcapex.com/forums/topic/LCA/1884/13053 http://slcapex.com/forums/topic/LCA/1884
How can you post liquidation schedules without reviewing them with your Board of Directors?



in topic Bankruptcy by Scott Nestler ]]> Wed, 14 May 2008 06:15:46 -0700 http://slcapex.com/forums/topic/LCA/1884/13052 http://slcapex.com/forums/topic/LCA/1884
in topic Bankruptcy by Scott Nestler ]]> Wed, 14 May 2008 06:12:51 -0700 http://slcapex.com/forums/topic/LCA/1884/13050 http://slcapex.com/forums/topic/LCA/1884
in topic Bankruptcy by Lindsay Druart ]]> Wed, 14 May 2008 03:59:30 -0700 http://slcapex.com/forums/topic/LCA/1884/13046 http://slcapex.com/forums/topic/LCA/1884
The last time I looked Lindsay only held 8% of the company, what authority does she have to do this?

Now she could always refuse to play the game and take the ball home with her, but that would be really immature, wouldn't it.

Regards,

CB

in topic Bankruptcy by Cayman Beaumont ]]> Tue, 13 May 2008 23:24:49 -0700 http://slcapex.com/forums/topic/LCA/1884/13036 http://slcapex.com/forums/topic/LCA/1884 Scott,

To be very clear SL Capital Exchange is a Trading Platform NOT a POLICE FORCE.

At this point as an Exchange we have done what we are capable of doing - we have HALTED trading in the company and have SUSPENDED the TRADING ACCOUNTS of the EXECUTIVES and INSIDERS until such time as the Board of Directors and shareholders achieve a satisfactory resolution.

It is the RESPONSIBILITY of the BOARD OF DIRECTORS *AND* the SHAREHOLDERS of a company to hold Executives Accountable.

Were I a shareholder in LCA and or LNL (I am not) at this point I would certainly be spending a great deal of time parked in Lindsay and Luke Birdbrains laps exploring every possible option available.

Scott, as I am sure you are also aware, MANY conglomerates INTENTIONALLY organize their disparate entities as SEPERATE Corporations SPECIFICALLY to shield the liabilities of one entity from the others. This is NOT UNCOMMON.

Specific to LNL and LCA as far as I can tell they are SPERATE ENTITIES with SEPERATE BOD's, seperate Shareholders and Seperate Accounting. That being the case I would view them as mutually exclusive. Where the "other" (RL?) entities fall within that context is beyond me - I'd start asking questions and demanding answers if I were you.

Bo

in topic Bankruptcy by Bogart Beck ]]> Tue, 13 May 2008 22:05:38 -0700 http://slcapex.com/forums/topic/LCA/1884/13031 http://slcapex.com/forums/topic/LCA/1884
This is moronic, to make a bankruptcy announcement on a company without announcing the plan?

What is bankrupt?

How can a RL entity that is the parent of all of these SL entities not be effected?

There are stockholders here in CapEx and Debtors with Venture captial tied up in LCA, all of us are supposed to sit back, relax and await their fate?

Someone please tell me that CapEx mgt are talking to Lindsay and have a plan in the works, I do not think anyone here wants this in her hands alone.

Is everyone clear that this isn't a bankruptcy but a shut down? How can you just select what divisions your closing and let the other stay open and claim that the RL company is not effected?

-Scott

in topic Bankruptcy by Scott Nestler ]]> Tue, 13 May 2008 19:38:03 -0700 http://slcapex.com/forums/topic/LCA/1884/13029 http://slcapex.com/forums/topic/LCA/1884
Just when I think I have seen it all in SL......

Bogart says no personal comments - So I wont even comment on what I think of Lindsay as a business *cough* manager or her *cough* 'honesty and ingrety'.

All I can say is good luck to anyone who invests in her LNL Super Cyberverse Revolutionary Republican American Credit Union.

*Shakes my head*

in topic Bankruptcy by Ivan Halfpint ]]> Tue, 13 May 2008 19:23:24 -0700 http://slcapex.com/forums/topic/LCA/1884/13024 http://slcapex.com/forums/topic/LCA/1884
in topic Bankruptcy by Difrajealb Chevalier ]]> Tue, 13 May 2008 17:38:24 -0700 http://slcapex.com/forums/topic/LCA/1884/13017 http://slcapex.com/forums/topic/LCA/1884
in topic Bankruptcy by Sportsbets Writer ]]> Tue, 13 May 2008 17:27:54 -0700 http://slcapex.com/forums/topic/LCA/1884/13015 http://slcapex.com/forums/topic/LCA/1884
in topic Bankruptcy by Lindsay Druart ]]> Tue, 13 May 2008 15:05:04 -0700 http://slcapex.com/forums/topic/LCA/1884/13006 http://slcapex.com/forums/topic/LCA/1884 http://lindsaydruart.blogspot.com and the blog will be open for discussion even though the decision has been made.

No other details will be discussed at this time until after the blog posting as there is much to address and that posting will more than likely address everything asked. Delistment will commence no later than May 31st.

Thanks...

Sincerely,

Lindsay Druart, Acting CEO
lindsay.druart@gmail.com

in topic Bankruptcy by Lindsay Druart ]]> Tue, 13 May 2008 14:50:24 -0700 http://slcapex.com/forums/topic/LCA/1884/13003 http://slcapex.com/forums/topic/LCA/1846
EDITED (before anything is misinterpreted). If you were expecting funds before the IPO, how did Sully say that he was going to pay them? He had a lot of respect for you and considered you a close friend so I don't think he would lie to you. Of course I have always been accused of being an eternal optimist. But any light you could shed on this as the closest person involved would probably help in the long run. Any conversations, nuances, etc. would be beneficial. If you want to take this offline, I think most parties have their e-mails published, if not they can post them here. My e-mail is arnaud@msgc.biz.

Thanks.


in topic Sully O'Kelly is missing, where is Lindsay Druart? by Arnaud Villota ]]> Mon, 12 May 2008 16:01:30 -0700 http://slcapex.com/forums/topic/LCA/1846/12958 http://slcapex.com/forums/topic/LCA/1846
Aren't they all under L&L Corporation, Inc.

http://llcorporationinc.com/brand.aspx



in topic Sully O'Kelly is missing, where is Lindsay Druart? by Scott Nestler ]]> Mon, 12 May 2008 15:03:21 -0700 http://slcapex.com/forums/topic/LCA/1846/12956 http://slcapex.com/forums/topic/LCA/1846
1 - Don't know

2 - LNL and LCA are separate companies. LCA is a spin off from LNL, hence LCA shares allocated to LNL shareholders.

3 - L&L, do you mean the R/L entity or LNL? If you mean LNL then no, just as LLL should not be held responsible.

Regards,

CB





in topic Sully O'Kelly is missing, where is Lindsay Druart? by Cayman Beaumont ]]> Mon, 12 May 2008 12:55:50 -0700 http://slcapex.com/forums/topic/LCA/1846/12953 http://slcapex.com/forums/topic/LCA/1846
As Sully mentioned when he took the CEO position, "I see my positions as fiduciary. I've been given a trust, which in SL has all too often been abused. I will respect that trust and protect it with zeal. http://www.slcapex.com/forums/topic/LCA/1212.

One of the factors under fiduciary would require for Sully to NOT put his personal interests before the duty, and must not profit from his position as a fiduciary, unless Lindsay consents. Secondly, these posts are under LCA and its determined a signoff.

Another point to make to ensure that certain facts covered. During the IPO of LCA, L&L offered bonus shares to L&L shareholders if the IPO sells out back in December 07. http://www.slcapex.com/forums/topic/LNL/779.
This shows there is relations between L&L and LCA.

However, LCA prospectus shows as such: http://www.slcapex.com/symbol/LCA/profile
<< It is with great pleasure that I present the L&L Credit Reporting Agency. The L&L Credit Reporting Agency has been on the books for a long while as a part of the L&L Bank and Trust but in going back to the drawing board on unsecured services, we have decided that this product should be a totally separate ideal in order to be effective. >>

Based on the posts in this thread, it seems to me that there are a few questions to be answered:

1) Is the land sale deal a personal transaction between Sully Okelly and Scott Nestler or LCA and Scott Nestler?
Based on my findings, this is clearly an LCA transaction (unless others feel otherwise).

2) Is LCA its own entity or a subsidiary of L&L? (To be answered)

3) Should L&L be responsible for LCA's actions? (Open to interpretation)

As my findings answered question 1, question 2 is left unanswered and question 3 is open to interpretation.

For question 2, from the financial standpoint, the monthly financials submissions show that LCA is independent as they have their own financial statements. Same for LNL, as they have not consolidated both LNL and LCA financials, showing that they are not the parent company.

For question 3, before the IPO completed, L&L backed up LCA with it's bonus shares as an incentive. Currently, Lindsay remains Chairman of LCA while Sully acted as fiduciary.

If others can shed some light based on these statements, as I have done as well, this would definitely be worth considering.

iV

in topic Sully O'Kelly is missing, where is Lindsay Druart? by iVentures Volitant ]]> Mon, 12 May 2008 12:24:20 -0700 http://slcapex.com/forums/topic/LCA/1846/12951 http://slcapex.com/forums/topic/LCA/1846
Hope she doesnt plan to run her 'RL Credit Union' this way.


in topic Sully O'Kelly is missing, where is Lindsay Druart? by Ivan Halfpint ]]> Mon, 12 May 2008 11:18:05 -0700 http://slcapex.com/forums/topic/LCA/1846/12948 http://slcapex.com/forums/topic/LCA/1846
Although I do not have much knowledge regarding the land purchase deal, this was the original Forum which I can gather from:

http://www.slcapex.com/forums/topic/LCA/1463

Sully mentions specifically regarding more venture capitalists needed for the startup company and signed off as Sully Okelly (CEO - LCA) and/or (CEO - LLCRA & BS) along with stating the financial information regarding it's status.

If this is relevant to this current discussion, then Sully has used LCA as signoff regarding and land deals, venture capital, or any investments related to KFE. If this was "personal", this would not be mentioned here at all. There would be no logical reason why the companies financials were posted every few weeks. It's very simple, PR purposes to attract more potential investors.

This is a copy-and-pasted excerpt from one of his posts:

<< I need more Venture Capitalists and Underwriters!

Let's keep this rolling fast!

Here are those financials:

February 1st thru February 11th, 2008

Y-T-D Thru Feb. 08' Y-T-D Thru
Jan. 08' P/L Feb. 08'
Revenue
Land Sales $- $85,007 $85,007
Rental Fees Collected $- $9,901 $9,901
Tier Collected $- $4,200 $4,200
Startups Loans/Less Payments Made $- $91,375 $91,375

Total Gross Revenue $- $190,483 $190,483

Cost of Land $- $111,901 $111,901
Cost of Tier $- $47,461 $47,461
Rental System Cost $- $1,750 $1,750
TerraForming $- $7,500 $7,500
Structures $- $2,250 $2,250

Total Cost of Goods & Services - $170,862 $170,862

Gross Profit $- $19,621 $19,621

Advertising $- $276 $276

Total Operating Expenses $- $276 $276

Operating income - 19,345 $19,345

Non-Operating Income/(Expense) $- $- $-
Interest Income $- $- $-
Interest Expense $- $- $-

Net income $- $19,345 $19,345

Other Gains (Losses) $- $-

Available for Dividends $- $- $-

Preferred Dividends $- $- $-

Available for Common Shares $- $19,345 $19,345

Common Dividends $- $- $-

Added to Retained Earnings $- $19,345 $19,345

NOT TOO BAD FOR 11 DAYS!

THIS IS GONNA BE A WINNER, BECAUSE THE CEO IS A GO-GETTER AND DOES THINGS CORRECTLY :) JOIN US BEFORE YOU MISS THE OPPORTUNITY! >>

Simply NOT a personal transaction as this is an LCA deal.

Hope this clarifies some concerns. If I didn't, worth a try.

iV

in topic Sully O'Kelly is missing, where is Lindsay Druart? by iVentures Volitant ]]> Mon, 12 May 2008 10:37:15 -0700 http://slcapex.com/forums/topic/LCA/1846/12947 http://slcapex.com/forums/topic/LCA/1118
in topic Official Weekly Update - For CEO Posting Only by Lindsay Druart ]]> Mon, 12 May 2008 02:22:09 -0700 http://slcapex.com/forums/topic/LCA/1118/12927 http://slcapex.com/forums/topic/LCA/1846
in topic Sully O'Kelly is missing, where is Lindsay Druart? by Yanik Lytton ]]> Sun, 11 May 2008 06:05:02 -0700 http://slcapex.com/forums/topic/LCA/1846/12917 http://slcapex.com/forums/topic/LCA/1846
1. let's take all this private. We have been mailing back and forth for a while now, and think we may reach an easier resolution if we discuss things amongst those involved.

2. "teenagers" and "weasels" don't usually conduct business, so no matter what anyone may consider the other, referring to a first name would help ease some tension already.

3. Digging yourself into a position deeply, convinced of you being right and the others being wrong will only drag things on and make it harder to reach an acceptable resolution.

Scott wants to be paid for the expenses he incurred. KFE wants to get the profit that was promised/made. Lindsay doesn't want to drag the LL brand down, nor take on a debt she didn't agree with. In the midst of this all is one sim, that could be used to bring in money. I think it would be best to focus on how to do that, instead of stating your point of view over and over again.

I think it may be a good idea to reflect upon this :

- When things were all going according to plan, LCA was lead by Sully and you all dealt with him.

- When things go bad, you look at Lindsay to step in and correct things.

That sounds like having your cake and eating it too :)

(Off to bed, I need some sleep)

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Servme Nakamura ]]> Sat, 10 May 2008 22:14:57 -0700 http://slcapex.com/forums/topic/LCA/1846/12914 http://slcapex.com/forums/topic/LCA/1846
LCA CEO Sully guarantees a KFE loan for land. This is implied to be a guarantee from LCA since Sully has no way to guarantee such a loan from his personal finances. (Who does, except for Anshe Chung, maybe?)

Since the debt belongs to KFE, and KFE was ready for IPO, Sully felt it was a safe bet to guarantee it because the IPO funds would pay off the debt.

Sully posted on April 21 that KFE was ready for the underwriters. Sully disappears after that.

What conclusion does one draw?

1) Sully is nothing but a scam artist disappearing with all of our money!
I don't think so. As far as I can tell no money is missing from any of his companies. VBL has already reported in and stated that everything still looks legit. I haven't heard a discouraging word from POW either, and Lindsay even states that there may be 80K not accounted for but she isn't sure because it probably was the venture capital. (Sully would have to be pretty hard up to steal 80K!!!) Also Bo could easily check the transaction log and find out if Sully has been withdrawing money in 50K amounts (Since that is still the withdraw limit) over the last several weeks. If he noticed that, he hasn’t said anything. And knowing Bo, if there was something suspicious going on he would make it know in his well documented way.

2) Sully is running away from a bad business deal.
Maybe, but I doubt it. The deal really hadn't gone bad up until a week or so ago when Scott started this post. He was justifiably worried about his money. Kristian is justifiably worried about the future of his startup. I don't see a bad business deal here. However, I might be missing something on timing here, so I won't reject this possibility out of hand. But to dismiss this deal as the idealism of a teenager, in my opinion is wrong headed.

3) Something bad has happened.
Even though it is an idea we all do not want to deal with, there may be a possibility that something bad has happened to Sully in RL. I am not going to be over dramatic about it. Use your own imaginations. I figure if Sully wanted to screw Scott and Kristian, he would have waited for the underwriters to come in and finish out the IPO. Given that he disappeared the day he posted the notice makes me believe he is either one dumb scam artist (I would have waited until the money rolled in) or something happened to prevent him from carrying out the IPO and getting the guaranteed debt paid off from the IPO funds.

So that is my 2 cents worth. I think this brings up an interesting dilemma. If something has really happened to Sully in RL, how will this situation be resolved? This has always been my point about SL corporations. They really aren’t from the RL standpoint. If the CEO dies or is incapacitated in some way, how does the succession work? Lindsay you can state all you want that the debt guaranteed by Sully is his personal choice, but the fact of the matter is that he made that guarantee as CEO of LCA. I don’t see why he "legally" needed approval for that. He was the CEO. He saw an opportunity and made a legitimate business decision. If I were his boss, I would stand by his decision even though I thought it was wrong. Of course I would fire his ass if I felt that the decision was made inappropriately or unethically, but I wouldn't fire him if it was just wrong. Remember that not all decisions made are right.


in topic Sully O'Kelly is missing, where is Lindsay Druart? by Arnaud Villota ]]> Sat, 10 May 2008 16:37:50 -0700 http://slcapex.com/forums/topic/LCA/1846/12899 http://slcapex.com/forums/topic/LCA/1846
First of all I cant believe what you are trying to pull – YOUR CEO which YOU hired has cost YOUR company with a bad deal. YOUR CEO which YOU hired has skipped out on a bad deal – now instead of taking responsibility for what YOUR CEO has done you are trying to distance yourself and saying too bad 'personal deal' nothing to do with us.

The Second reason I am piping up is because Flanagan is a personal friend and Nestler is someone who i feel is honest and I have done plenty of honorable business with – yet you have the nerve to drag these guys through the mud? What does this mean? Lindsay writes:


'Sorry but I need more than the word of a teenager who failed, that teenager's choir who doesn't have all the facts to begin with, and an investor with a lot of money that looks for a quick buck regularly.'


Lindsay the only way that Flanagan 'that teenager' failed is because he did business with the likes of one of your companies. Every company you have ever started is a POS – LNL financial – LCA – both of them put together trade for about L$.050. What he also failed in was trusting a CEO of one of your companies someone he considered an honest person – he made a deal with him to purchase land and YOUR CEO decided not to honor it and cut SL. So how is that a failure – was he a failure because he had faith in someone?

Also why do you keep stressing the fact that Flanagan's a teenager? Yes he is a first year business student in university – so whats your point? SLCAPEX is here for educational purposes to help people learn real life skills – not everyone here is a MBA – for instance i'm just a regular worker – does that mean I am not not as skilled as you? Certainly if I had to look at your track record of POS businesses I would put my money with Flanagan, Nestler or pretty well anyone then you any day of the week.

If Nestler is 'the investor looking for a quick buck' you better do a check before trying to run his name through the mud. Nestler didn't do anything wrong here – except again doing business with one of your companies. Her trusted LNL and Sully (big mistake). His record here speaks for itself he has always been above board and forthcoming with his business deals. Maybe you should look in the mirror and look at your own track record 'Mz Credit union'?


The final reason I am here is because it peeves me off when people don't take responsibility for their companies dealings. Earlier Lindsay you told me 'I dont babysit my CEO's so Im not responsible'. Well maybe you should babysit your CEO's or not bother to start the business if you don't wanna be responsible for it. Stop being a weasel and pay the man the money your company owes him or work out a reasonable deal with him instead of ducking your responsibility. Thats all im going to say cause just typing this caused my blood pressure to rise a few points.

I think the facts speak for themselves.





in topic Sully O'Kelly is missing, where is Lindsay Druart? by Ivan Halfpint ]]> Sat, 10 May 2008 14:48:14 -0700 http://slcapex.com/forums/topic/LCA/1846/12898 http://slcapex.com/forums/topic/LCA/1846
How are you faulting me for reading the information you gave to me??? I had complete control of the LCA alt until April 12th when I gave Sully the password as he was completing some VC stuff so yes, I still have some control. I'm not that crazy.

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Lindsay Druart ]]> Sat, 10 May 2008 13:36:01 -0700 http://slcapex.com/forums/topic/LCA/1846/12896 http://slcapex.com/forums/topic/LCA/1846
Maybe you should decide if you want this resolved via gmail, or in the public forums.

I am growing tired of having to reply to everything in both.

You decide.

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Scott Nestler ]]> Sat, 10 May 2008 13:24:41 -0700 http://slcapex.com/forums/topic/LCA/1846/12894 http://slcapex.com/forums/topic/LCA/1846
in topic Sully O'Kelly is missing, where is Lindsay Druart? by Lindsay Druart ]]> Sat, 10 May 2008 12:59:25 -0700 http://slcapex.com/forums/topic/LCA/1846/12893 http://slcapex.com/forums/topic/LCA/1846
1. I knew nothing about it.
2. It would be suicide for any company in my brand to guarantee the debt of another company 2 weeks after a banking ban that we still have not recovered from.

None of this is adding up. This is what I think happened...

Scott saw an opt to make money with KFE but didn't cover all bases and now that KFE defaulted in the beginning, Sully defaulted on the personal deal, Scott wants someone to pay up so LCA gets to be the sucker. Sorry but I need more than the word of a teenager who failed, that teenager's choir who doesn't have all the facts to begin with, and an investor with a lot of money that looks for a quick buck regularly. It's nothing personal but it is business.


in topic Sully O'Kelly is missing, where is Lindsay Druart? by Lindsay Druart ]]> Sat, 10 May 2008 12:57:11 -0700 http://slcapex.com/forums/topic/LCA/1846/12892 http://slcapex.com/forums/topic/LCA/1846
KFE and LCA were working together and secured a loan from Scott Nestler to purchase a sim.

CEO of LCA CEO Sully purchased the loan from KFE - the agreement was to pay 100% of all outstanding debt to Nestler and 20k profit to KFE CEO fLanagan. This is backed by LCA CEO Sully' post confirming that KFE had sold the sim for a profit and confirmed by KFE CEO Flanagan.

CEO of LCA Sully has not paid anyone and now Nestler is out 700k+.

Those are all facts now lets examine what is happening here:

LCA Chairman Druart is trying to weasel out of obligations mby claiming it was a 'personal deal'. This is about the 4th excuse she has made some others were 'He may have been purchasing it for his other companies' also she has used 'well the deal doesnt make sense' and 'he didnt consult with me on this'.


Sully was representing LCA a sCEO he promised to pay Nestler - he didnt. It seems clear to me - personally i think lca should have been shut down long ago - it has never done a single thing - its sad druart will continue on doing bad bsuiness and Scott is going to be shafter 700k - disgusting.



in topic Sully O'Kelly is missing, where is Lindsay Druart? by Ivan Halfpint ]]> Sat, 10 May 2008 12:14:52 -0700 http://slcapex.com/forums/topic/LCA/1846/12891 http://slcapex.com/forums/topic/LCA/1846
Who spends that kind of money with no contract and no logs? I'm sorry but EVERYTHING I am seeing shows a personal transaction between Sully and Scott. Not LCA and Scott. He even references business partners in the email to Scott that have nothing to do with LCA, POW, or VBL for that matter. That right there tells me that this was a personal deal.

I see NOTHING stating that LCA GUARANTEED KFE's debt. That is not even in the business model of the company until after IPO which KFE never had. For any company to guarantee the debt of a teenager would be nuts. I'm not saying he didn't but as of right now, there is nothing to say he did.

LCA is a busines BROKER. Not an insurance company. A middleman. Not a lienholder. It would be fitting for Ivan and Kristjan to jump on Scott's side to fuss about this since they are the one's that failed at the agreement they made with Scott in the first place.

In everything that I am seeing that was provided by Scott and KFE, KFE was supposed to pay $500k to Scott and 90k a month on tier. Scott confirmed that all money to be paid to him was supposed to come from KFE. Nothing in that says that LCA was supposed to pay Scott and I have seen nothing that states if KFE defaults, LCA assumes the debt.

No one is weaseling here. The final sale that took place and the email sent to Scott from Sully shows that Sully was purchasing that PERSONALLY and not representing LCA.

I understand you all want someone to blame but unless there is some additional proof to provide, the debt belongs to Sully Okelly.

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Lindsay Druart ]]> Sat, 10 May 2008 11:35:55 -0700 http://slcapex.com/forums/topic/LCA/1846/12890 http://slcapex.com/forums/topic/LCA/1846
Sully was representing LCA in ALL dealings with KFE - Lindsay there is NO QUESTION - LCA IS responsable to cover the debt owed to Nestler. You can be a weasle and try and weasle out of it - BUT - there is no question that LCA is the responsible party in question.

It is YOUR CEO that packed up and left when the going got hot it was YOUR decision to hire him - it is YOUR CEO that made the deal - it is YOUR company that is responsable.

Now you are looking for any excuse in the book to stiff Nestler - how many new excuses are you going to think of? Live up to your responsability and pay the man.

In the mean time Im going to make a suggestion to SLCAPEX managment - All trading in LNL companies should be halted - Lindsays account should be frozen - Sully account should be frozen - any other LNL avatar accounts should be frozen - and should stay this way til things are sorted.

Lindsay you made the bad decision to hire Sully now live up to it and stop trying to be a weasle!

Can you tell im a little perturbed?

Ivan

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Ivan Halfpint ]]> Sat, 10 May 2008 11:01:33 -0700 http://slcapex.com/forums/topic/LCA/1846/12888 http://slcapex.com/forums/topic/LCA/1846
Here's my logic.

I bought the sim for the KFE deal

The purchase was posted in CapEx have not been paid

If KFE sold it to Sully and no one was paid the transaction was never completed because no money changed hands, the emails mention transfering the debt to Sully.

But the initial transaction was guaranteed by LCA, the initial transaction was never completed, liability for the debt was never released.

So here's my bottom line, LCA is responsible since they are the guaranting party.

You are the CEO and Chairman of LCA, this is now yours. Stop twisting this around. I have offered to work with you to recover the money over a reasonable amount of time.

-Scott

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Scott Nestler ]]> Sat, 10 May 2008 10:22:01 -0700 http://slcapex.com/forums/topic/LCA/1846/12886 http://slcapex.com/forums/topic/LCA/1846
However, LCA has enlisted LLL to assist Scott in the operations of the land asset to diminish losses but any debts are the responsibiliy of Sully OKelly.

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Lindsay Druart ]]> Sat, 10 May 2008 09:16:58 -0700 http://slcapex.com/forums/topic/LCA/1846/12884 http://slcapex.com/forums/topic/LCA/1846
in topic Sully O'Kelly is missing, where is Lindsay Druart? by Lindsay Druart ]]> Sat, 10 May 2008 09:13:27 -0700 http://slcapex.com/forums/topic/LCA/1846/12883 http://slcapex.com/forums/topic/LCA/1846
In relation to VBL, I was in communication with Sully up until the 16th of April. VBL is involved in language translation services and has and is NOT engaged in any way with land purchases.

As far as I am aware there have been no dealings whatsoever between VBL and LCA/POW. It appears that all VBL funds are safe.

Regards,

CB



in topic Sully O'Kelly is missing, where is Lindsay Druart? by Cayman Beaumont ]]> Sat, 10 May 2008 07:29:54 -0700 http://slcapex.com/forums/topic/LCA/1846/12880 http://slcapex.com/forums/topic/LCA/1846
in topic Sully O'Kelly is missing, where is Lindsay Druart? by Lindsay Druart ]]> Sat, 10 May 2008 04:51:51 -0700 http://slcapex.com/forums/topic/LCA/1846/12878 http://slcapex.com/forums/topic/LCA/1846
I hope you didn't feel I was implying anyone was trying to screw LCA (or themselves for that matter), I was just tossing ideas and trains of thought into the air.

I guess that it doesn't really matter what personality conducted the trades, but I think I pointed to it as Lindsay brought it up in an earlier post, also in regards to his "dealings" with VBL and POW. While the end result may end up the same, I think it could be interesting and educational to see what interaction/transactions there was between the various people involved in LCA, VBL and POW.

The sim ownership question has been answered so that clears one issue up for me.

The reason I brought up the possibility of regaining control over LCA Dawes was because I think it will help track things down, especially should funds have been moved out of SL and/or to other AV's.

What Ivan or Kristjan may be able to answer is what they got in aid for the startup of KFE. I assume the VC funds that were gathered by LCA have disappeared, and if so, I'd like to know what they were used for if possible. I'm rather convinced that when it comes to the VC funds, it'll be a 100% loss (a possibility which was also stated when I invested) but I like to learn from my mistakes :)

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Servme Nakamura ]]> Fri, 09 May 2008 18:00:32 -0700 http://slcapex.com/forums/topic/LCA/1846/12859 http://slcapex.com/forums/topic/LCA/1846
We are both investors in LCA, I know you own 163k shares and you know that I own 336k shares. Neither one of us is trying to screw LCA.

Did the venture capital that is listed on the LCA financials for 120k go through the LLCA Dawes account? or did it go through Sully direct? Does it matter?

Sully was the CEO of the company, he had apparent authority from Lindsay to run LCA.

I purchased the Sim from LL and as per Sully, the CEo of LCA set the land for KFE to purchase for 1L

The acquisition was posted on this website, in the LCA forum and no one spoke up about it. All of the parties involved agree that this was a LCA transaction.

To my knowledge Sully had total control of the Alt and that Lindsay had to get the password reset to access the account. Even the email address for the alt was redirected.

The sim is currently in the possession of LLRS and Luke Birdbrain and his team are selling it off.

The rest of your post I leave to others.

-Scott

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Scott Nestler ]]> Fri, 09 May 2008 14:45:32 -0700 http://slcapex.com/forums/topic/LCA/1846/12849 http://slcapex.com/forums/topic/LCA/1846
If Sully used his personal account to facilitate the sim sale, or money for it flowed through his hands, he is personally responsible. If he channeled things through LCA Dawes, LCA is responsible.

If a sim sale was done, was it done throughout the new service that LL offers (support tickets with L$ or USD changing from one account to another when sim changes hands), or was it all based on good faith and understanding?

Which leads me to the following : I'm glad that all LCA assets (or what's left thereof) are frozen on the exchange. Question to Lindsay is : who is capable of operating/controlling LCA Dawes "right now". Was the password for the avatar ever changed, did Sully take control, or do you still have a way of changing the password and regaining control today? If the latter is the case, tracking payments would be relatively easy, and may shed a light on things.

What I think right now is essential is to find out who (or what AV) is currently owning the sim that changed hands, what the status for it is concerning payments to LL and whether or not it is a risk to be reclaimed.

Just my two cents so far - admittedly without pointing fingers at anyone and a lot of assumptions.

If SLCapex is in possession of RL ID verification of Sully Okelly, that would best be made accessible to Lindsay who is now once again acting CEO, so she can use it when needed.

Should Sully indeed have scammed everyone, it'll be the final straw for many investors. However, being the naive optimist that I am, I'd like to see proof before bringing out the nailgun and pinning someone down, permanently.

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Servme Nakamura ]]> Fri, 09 May 2008 14:25:58 -0700 http://slcapex.com/forums/topic/LCA/1846/12848 http://slcapex.com/forums/topic/LCA/1846 http://www.slcapex.com/content/listing

"You must fax or email us a Notarized copy of your ID, Address, and Phone number prior to IPO Funds being released. In the event that you absolutely do not have the ability to fax the document, legible digital scans and digital photographs of the SAME DOCUMENTS will be considered on a case by case basis only"

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Scott Nestler ]]> Fri, 09 May 2008 13:54:51 -0700 http://slcapex.com/forums/topic/LCA/1846/12845 http://slcapex.com/forums/topic/LCA/1846
iV

in topic Sully O'Kelly is missing, where is Lindsay Druart? by iVentures Volitant ]]> Fri, 09 May 2008 13:34:46 -0700 http://slcapex.com/forums/topic/LCA/1846/12843