http://slcapex.com/forums/browse/HOT en-us Mon, 01 Dec 2008 11:55:20 -0800 Mon, 01 Dec 2008 11:55:20 -0800 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/HOT/2232
in topic Monthly Update by Samantha Goldflake ]]> Tue, 11 Nov 2008 01:35:59 -0800 http://slcapex.com/forums/topic/HOT/2232/17263 http://slcapex.com/forums/topic/HOT/2232
Well it has been an interesting month, with LL proving to be our major obsticle at the moment. We almost reached breakeven for the month but not quite with a loss of $33,665L. This will be the final month in which we have conversion expenses so hopefully we will see a profit soon. I thought we would have been profitable by now but it has proven to be difficult.

We had expected that restructuring would have been finished by now but unfortunately the new homestead policy means we will likely have to restructure once again. However we will get this done before january to avoid any further conversion costs. So hopefully by January we will be able move onto to taking care of our very large debt of $1,089,422L. However we do believe that we will be able to get the company into a profitable state and get this debt to zero even if it will take a while. It shouldn't grow to much more so our next plan will be to figure out how to maximise profitability so we can pay it off as fast as possible.

If you have any questions send me an IM or start a forum thread. Also if you know anyone looking for land be sure to send them our way:)

Best regards


Itchy Gamba



in topic Monthly Update by Itchy Gamba ]]> Tue, 11 Nov 2008 00:11:22 -0800 http://slcapex.com/forums/topic/HOT/2232/17260 http://slcapex.com/forums/topic/HOT/1547 http://spreadsheets.google.com/pub?key=pJSbDZvWPhMx2AN4qFaseLA

Notes:
2 full sims converted into 8 open space sims.

Current holdings: 1 full sims and 19 open space sims.



in topic Monthly Financial Reports by Itchy Gamba ]]> Mon, 10 Nov 2008 23:44:18 -0800 http://slcapex.com/forums/topic/HOT/1547/17259 http://slcapex.com/forums/topic/HOT/2340
http://blog.secondlife.com/2008/10/27/openspace-pricing-and-policy-changes/

In the last few months we have been working on recovering our business from near abandonement by the previous management. Our plan involved converting our full regions into open spaces which we have achieved and turned the estate into 1 full sim and 19 open spaces, are due to break even for this month and start profiting again next month.

Unfortuanately, this new announcement has ruined all our good work. We will have to examine our business once again and will most probably have to restructure again to accomadate this new policy, which will probably involve converting open spaces into full sims, the opposite of what we have been doing.

Hopefully demand for Full Prim sims will pick up now as our experience suggested that Full Prim sims were a dead market, otherwise the future for HOT is looking grim.

Regards


Itchy G

in topic LL open space policy by Itchy Gamba ]]> Mon, 27 Oct 2008 22:46:13 -0700 http://slcapex.com/forums/topic/HOT/2340/16989 http://slcapex.com/forums/topic/HOT/2232
One could only hope that one's own personal ventures would be this carefully thought out and attended.

Hang in there.

in topic Monthly Update by Clintovius Trotter ]]> Thu, 09 Oct 2008 05:41:09 -0700 http://slcapex.com/forums/topic/HOT/2232/16623 http://slcapex.com/forums/topic/HOT/2232
Well it was another tough month for HOT because although we are managing to do well with open sims full prim sims have been going teribly. We were hoping to be profitable this month but we will be converting either 1 or 2 full prims into open space sims so this may not be the case. Currently we have 11 open space sims and 3 full prim sims but next month we will probably be looking at just 1 full sim and hopefully if all goes well 19 open space sims.

Debts with Rockwell Ginsberg and Clintovius Trotter are now completely settled. Leaving Vitall Beck as the only remaining debtor of HOT, we will decide how to deal with this once restructuring is finished.

Hopefully by the end of the month restucturing will be complete and we can start moving in a more positive direction.

Best regards


Itchy Gamba

in topic Monthly Update by Itchy Gamba ]]> Thu, 09 Oct 2008 03:56:20 -0700 http://slcapex.com/forums/topic/HOT/2232/16621 http://slcapex.com/forums/topic/HOT/1547 http://spreadsheets.google.com/pub?key=pJSbDZvWPhMyNc6BHBWxXVw

Notes:
Debt owed to Clintovius Trotter ($937.1USD) was settled in exchange for a full sim.

2 full sims converted into 8 open space sims.
1 open space sim liquidated.

Current holdings: 3 full sims and 11 open space sims.

in topic Monthly Financial Reports by Itchy Gamba ]]> Thu, 09 Oct 2008 01:48:31 -0700 http://slcapex.com/forums/topic/HOT/1547/16618 http://slcapex.com/forums/topic/HOT/2232
Well it wasn't a very good month finanicially for HOT as lots of costs were incurred due to sim transfers which also scared remaining residents so that they just stopped to pay tier.
So we are practically starting all over again in regards to our in-world reputation. However several initiatives have been taken to improve the financial health of HOT and hopefully we will return to postive cashflow status within the next two months.

We settled our debt of L$275000 with Rockwell Ginsberg in exchange for a full sim and a similar deal is in progress with Clintovius Trotter to settle debt owed to him. This means our only outstanding debt will be the cash injection provided by Vitall Beck, however this is quite large at L$807,587 so will take a while to pay off.

We also converted another one of our non performing full sims into open space sims but this has only just occured so hopefully we can fill these fast. If this is successful we will do it with another full sim otherwise we will have to sell another full sim in order to minimise our expenses.

So next month we expect to have downsized our estate to three full sims and 8-12 open space sims amd will hopefully be profitable again, although this could take longer than expected.

Once we have reached break-even status we will then formulate a plan to increase profitability and service our debt to Vitall Beck.

On a final note, I had emailed scanned copies of my ID to slcapex but received an email stating that a noterized copy is actually required. I will find out how to obtain these as soon as I can and get them sent to slcapex so hopefully trading we be able to resume soon.

Best regards


Itchy Gamba

in topic Monthly Update by Itchy Gamba ]]> Tue, 09 Sep 2008 02:08:55 -0700 http://slcapex.com/forums/topic/HOT/2232/16184 http://slcapex.com/forums/topic/HOT/1547 http://spreadsheets.google.com/pub?key=pJSbDZvWPhMwCv7DQ9owbeg&gid=0

Notes:
Debt owed to Rockwell Ginsberg (L$275000) was settled in exchange for a full sim and Mainland investment.

1 full sim has been converted into four open space sims.

in topic Monthly Financial Reports by Itchy Gamba ]]> Tue, 09 Sep 2008 01:43:56 -0700 http://slcapex.com/forums/topic/HOT/1547/16183 http://slcapex.com/forums/topic/HOT/2204
I have received following e-mail from Clintovius who's unable to log-in to forums at this time. Counting his votes, 60%+ or shareholders supported the abovementioned nominations, so te appointments are approved. Congratulations, elected Officers and Board Members! :)

Regards, Vitall Beck

--------------------
SLCAPEX won't allow me to log in ... therefore I am unable to post.
Please, post the following for me:

Since SLCAPEX will not allow me to log in, I am unable to post my vote. I have asked Vitall to post it for me.
I would like to place my 11.9% shares firmly behind Vitall Beck and Itchy Gamba. I fully support the resolution(s) they have proposed.

My inclination is to reduce our holdings to a manageable size and fill that up as quickly as possible.
Landscaping and terraform permissions are nice - however, in my experience, the bulk of prospective buyers always seems to want to change things to reflect their personal vision. I think there is value in themed or planned landscaping/terraforming -perhaps with negotiable permissions.

--
Clintovius Trotter
----------------

in topic Urgent shareholders meeting by Vitall Beck ]]> Mon, 25 Aug 2008 01:34:28 -0700 http://slcapex.com/forums/topic/HOT/2204/15928 http://slcapex.com/forums/topic/HOT/2204


in topic Urgent shareholders meeting by Tom Prospero ]]> Sun, 24 Aug 2008 16:28:29 -0700 http://slcapex.com/forums/topic/HOT/2204/15925 http://slcapex.com/forums/topic/HOT/2204
in topic Urgent shareholders meeting by Kallimachos Barbosa ]]> Sun, 24 Aug 2008 15:29:05 -0700 http://slcapex.com/forums/topic/HOT/2204/15924 http://slcapex.com/forums/topic/HOT/2204

in topic Urgent shareholders meeting by Bims Writer ]]> Sun, 24 Aug 2008 11:55:52 -0700 http://slcapex.com/forums/topic/HOT/2204/15920 http://slcapex.com/forums/topic/HOT/2204
First I would like to say thank you to Vitall for keeping the company alive, without her assistance we would be completly bankrupt.

Presently HOT is in a very poor financial position so our first plan will be to turn this around as soon as possible. To achieve this we need to either find renters or downsize the estate so that monthly costs can be covered. Obviously finding renters is the preferred method.

Once we have returned to a profitable state we will then need to address our liabilities and start building a reasonable cash reserve so that this cannot happen again in the future.

When we reach this point we will reaccess what direction to take from there.

Itchy Gamba

in topic Urgent shareholders meeting by Itchy Gamba ]]> Sun, 24 Aug 2008 04:36:54 -0700 http://slcapex.com/forums/topic/HOT/2204/15916 http://slcapex.com/forums/topic/HOT/2204
in topic Urgent shareholders meeting by Balzar Balczo ]]> Sat, 23 Aug 2008 12:22:07 -0700 http://slcapex.com/forums/topic/HOT/2204/15911 http://slcapex.com/forums/topic/HOT/2204
in topic Urgent shareholders meeting by Kadena Whitfield ]]> Sat, 23 Aug 2008 12:19:16 -0700 http://slcapex.com/forums/topic/HOT/2204/15910 http://slcapex.com/forums/topic/HOT/2204 [9:10] You: Let's start with Kush Islands update...
[9:11] Dexter Tones: Vitall, did you send out a group IM to the Kush group about the meeting?
[9:11] You: Yes, I did - to Kush Investors group
[9:11] Dexter Tones: Okay
[9:11] Tomac Sewell: this i normal, i been at meetings were i were the only one showing up..:)
[9:11] You: Not to Kush itself - it's for the Residents, I'm not aware that anyone is shareholder too
[9:12] Dexter Tones: True
[9:12] You: Alrighty, as everyone probably knows by now, All HOT sims has been transferred to my account and tiers to Lindens paid, so there is no immediate threat of losing the company assets. However, HOT currently has no working capital, and occupancy rate is extremely low - you can see it for yourself
[9:13] You: So, the financial situation is grave and we have to boost occupancy immediately in order t have chance for successful turnaround.
[9:14] You: Any suggestions from you guys regarding this are greatly appreciated
[9:15] Itchy Gamba: well it seems open sims are popular
[9:15] Itchy Gamba: maybe convert some full prims to them
[9:15] Dexter Tones: I think Kush has 4 Openspace/void sims already
[9:16] You: Yes, I thought about relying more on Opensims, but for some reason I can't fill even the ones we have empty
[9:16] You: See this one around us now - it's Openspace, and its empty :(
[9:17] Itchy Gamba: hmm
[9:17] You: Only 1 and 1/4 of Openspaces is occupied now
[9:17] Tomac Sewell: i rent 2 open sim myself, and what i looked for was some nice landscaping think that would help alot
[9:18] Itchy Gamba: what sort of advertising is done currently
[9:18] You: Landscaping - you looked at some pre-made landscaping? I though people would like to terraform their island themselves...
[9:18] Tomac Sewell: many people are afraid off landscaping
[9:19] Itchy Gamba: i can post messages in forums regurlarly if that is helpful
[9:19] You: Ads and Forum posts at SLX, referral program for residents/shareholders, working on any leads through network
[9:19] You: Itchy, what forums exactly?
[9:20] Itchy Gamba: i use SLX, SLU and the main ones
[9:20] You: OK, I can give you templates then - if you'll pop them onto different forums it'd be swell :)
[9:20] Itchy Gamba: np
[9:21] You: Tomac, how do you do you own landscapig normally? I guess you have most experience with that :)
[9:21] You: I'm a total noob in this estate biz myself :)
[9:22] Tomac Sewell: well i learned watching Del, and she like to make sims with differents themes and that seem to work
[9:22] You: I see maybe I should ask her too :)
[9:22] Tomac Sewell: i live on a sim with 12 open sims around it
[9:23] Tomac Sewell: and nobody has changed the landscape since they got the place
[9:23] You: You rent them as a single sim? Or separate hem into plots?
[9:23] Tomac Sewell: single sim, that is the way Del do it
[9:23] Tomac Sewell: 8000 a week
[9:23] Tomac Sewell: :)
[9:24] You: Oh, nice :) Did you lose many renters since all this trouble with land business started?
[9:25] Tomac Sewell: just a few but all is rented out now
[9:25] You: Can you share the secret of successful customer aquisition? ;)
[9:25] Itchy Gamba: lol
[9:26] Tomac Sewell: if you can get Del to tell you a trick or two you really should she is the master, she is the one that know the business
[9:26] Itchy Gamba: thats what everyone wants to know
[9:26] Tomac Sewell: i really dont have the inside knowledge just watching her
[9:27] You: Yep, that'd very interesting for anyone :)
[9:27] Itchy Gamba: have you thought about selling any of the islands?
[9:27] Itchy Gamba: there are a few that seem completely empty
[9:28] You: Yes, it was one of my thoughts but the market is currently CRAZY - full sims go for as low as 300USD, Openspaces for 70-80USD... :(
[9:29] You: So, liquidation value would be extremely low indeed...
[9:30] You: Another thing - in addition to my efforts to boost occupancy I've tried to negotiate possible merger with another land company - unsuccesfully, there are no takers for land business acquisitions at this time
[9:30] Dexter Tones: Hmm...
[9:31] You: Yes, Dexter?
[9:31] Dexter Tones: Just thinking aloud :)
[9:32] You: BTW, if you guys know of anyone who may be interested in buying out the whole company, please let me know - ANYTHING that'll help to preserve shareholders value is possible at this time
[9:34] Itchy Gamba: how long have got to get the islands full?
[9:35] Itchy Gamba: it looks like about 5 -6 islands that are empty
[9:36] You: I have enough financial resources to keep pay Kush estate fees for now, but this is just increases the debt of the company... Besides, I also cannot do it indefinitely - it would be good for HOT to at least break even on tiers
[9:36] Itchy Gamba: so imcoming revenue must be low
[9:36] You: Which is about 70% occupancy
[9:36] Itchy Gamba: yes i agree
[9:37] Itchy Gamba: i would prefer to see it proiting again
[9:37] You: Yes, only about 20% of land is actually generating revenue - so only about 30% Linden fees covered
[9:37] Tomac Sewell: wow that is bad..
[9:37] You: It seems that there is to one is left to turn around this Company but its shareholders... All original owners and managers left to RL pretty much... so I'll be relying on your support if we want to see some positive outcome of our investment. ;)
[9:38] Itchy Gamba: hmm
[9:38] Itchy Gamba: maybe a partiial liquidation will be neccessary
[9:39] Itchy Gamba: every month you cover teir must be creating huge debt for hot
[9:39] You: Well, if the situation will not improve in the next couple of weeks it'll be pretty much the only option
[9:40] Itchy Gamba: well i can help as much as neccessary to find customers
[9:40] You: I have hopes on "back-to-school" sales, but we need to spread the word fast and generate leads...
[9:40] Itchy Gamba: but aprt from posting on forums i don't really have any other ideas
[9:41] You: OK, thanks for yor input and I'll be in contact you regarding the things you can help out with
[9:41] Itchy Gamba: i guess SL classifieds
[9:42] Itchy Gamba: but im not sure how effective they are
[9:42] You: I heard that they are useless, anyone has different opinion?
[9:43] Dexter Tones: You need to get them on at least the first page and stuff them with keywords. Hehe
[9:43] Tomac Sewell: advertising is very important to get people here , but once they get here we need something to make them wanna rent here, the 1 million dollar question is ..What is should be
[9:43] Tomac Sewell: it should be*
[9:44] You: Yeah, that's something I would love to learn from Del, hehe :)
[9:45] You: OK, any other comments/questions on 1st topic?
[9:45] Tomac Sewell: not at this moment
[9:45] Tomac Sewell: :)
[9:45] You: OK :)
[9:45] You: Next question is appointing Directors and CEO. SL Capex rules requires HOT to have CEO, 2 Directors, and one Chairman - all ratified by majority of shareholders. First things first, anyone is willing to be a CEO?
[9:46] Tomac Sewell: shouldnt you be the CEO?
[9:46] Itchy Gamba: yes that i would have thought too
[9:46] You: Being CEO for HOT is not my dream job, you know, and besides I have serious concerns regarding SLCX disclosure requirmets
[9:47] Itchy Gamba: what are the disclosuure requirements?
[9:47] You: Both privacy and security related... So, if I will be a CEO ONLY if there are no other takers
[9:48] You: They need to have all my confidential info, like copy of all my documents, SSN and whatnot...
[9:48] You: scary, if you ask me ;)
[9:49] Itchy Gamba: do all exchanges require that?
[9:49] You: I think ACE has different policies on that but...
[9:50] Dexter Tones: What would the role of Director entail?
[9:51] You: ... relisting is probably not an option as it will generate a whole another mess
[9:51] Itchy Gamba: yes that is true
[9:51] Itchy Gamba: for now anyway
[9:52] You: Dexter, watching over Management actions, advising on strategic direction etc - protecting shareholders interests in general
[9:52] Dexter Tones: Okay
[9:53] You: So, no other appointments for CEO role? Other than myself, God help me?
[9:53] Tomac Sewell: lol
[9:53] Dexter Tones chuckles
[9:53] Itchy Gamba: i have no problems with giving my id
[9:54] Itchy Gamba: but as you are the one providing hot the lifeline
[9:54] Itchy Gamba: it should probably be you who is ceo
[9:54] You: Hmmm... maybe we'll make you a CEO then, and I'll be a COO - managing operations?
[9:54] Itchy Gamba: i live in NZ
[9:55] You: I'm not in this for impressive titles ad stuff, you know
[9:55] Itchy Gamba: i hope that doesn't complicate anything
[9:55] Itchy Gamba: no me neither
[9:55] You: No, they have foreign CEOs already I think
[9:55] You: I think it may be a solution, actually :)
[9:56] Tomac Sewell: i have no problem with that, think it is a good solution
[9:56] You: http://www.slcapex.com/content/listing
[9:57] You: Itchy, please look into it and see if you can provide the disclosure level that is required
[9:57] You: While you are at this, let me announce appointments for Directors :)
[9:58] Itchy Gamba: i don't have payment ifon used
[9:58] Itchy Gamba: but i suppose i could buy some lindens to change that
[9:58] You: OK, it's not an ption then
[9:59] You: I think the only thing needed is just credit card info on your account and a small amount of L$ purchased. Can you do that?
[10:00] Itchy Gamba: yes that is not a problem
[10:00] Itchy Gamba: i do not have a fax machine
[10:00] Itchy Gamba: but should be able access one somehow
[10:00] Tomac Sewell: do you own a scanner?
[10:00] Itchy Gamba: yes
[10:01] You: Yea, they wll take emailed scans as well if no other options
[10:01] Tomac Sewell: if you do you can get a free program and use it as a fax
[10:01] You: OK, we're still on track then :)
[10:01] Itchy Gamba: ah ok
[10:02] You: OK, now Directors. Currently we have nominations: Rockwell Ginsberg, Clint Trotter, Itchy Gamba....
[10:02] You: but if Itchy is going to be CEO he can't be a Director as well - damn
[10:02] Itchy Gamba: is rockwell still around?
[10:02] You: Rarely, but he does show up once in a while
[10:03] You: He still owns land here
[10:03] You: Anyone else wants to be a Director?
[10:03] Tomac Sewell: i could do it, but i has to reveal that i´m a finacial advisor at another company
[10:03] You: Which one?
[10:03] Tomac Sewell: sim
[10:04] Tomac Sewell: think you got a few shares in sim too
[10:04] You: OK, I see - I don't think its gonna be a problem - most of us have interests in other Companies as well
[10:04] Tomac Sewell: :)
[10:05] You: Yeah, right - it's easier to list companies where I DON'T have shares lol ;)
[10:05] Tomac Sewell: i noticed
[10:05] Tomac Sewell: lol
[10:05] Itchy Gamba: lol
[10:05] Dexter Tones: Haha
[10:05] Itchy Gamba: i use to be the same
[10:05] You: It's been fun though most just a loss of money :(
[10:06] You: Actually, guys, if we manage to pull this turnaround through, it may well be the FIRST example of SL company actually RUN by shareholders ;)
[10:07] You: And not some bigshot Founder who doesn't give a crap about shareholders interests
[10:07] Tomac Sewell: i like that challenge, will be hard work but also alot off fun, if we pull it off
[10:07] Itchy Gamba: that will be quite impressive
[10:07] Dexter Tones: Good point
[10:07] Tomac Sewell: not if, when we pull it off
[10:07] Tomac Sewell: :)
[10:07] You: THat's the spirit! Let's do it! :)
[10:08] You: OK, I understand that you also in nomination, Tomac?
[10:08] Tomac Sewell: yes i´m in
[10:08] You: Let's vote for the list then
[10:09] You: Itchy- CEO, Myself - COO, Tomac, Rockwell and Clintovius - Directors.
[10:09] You: Chairman... Rockwell is currently Chairman, but he's not around much... Tomac? ;)
[10:10] You: Chairman is the same as Director essentially but sounds more impressive ;)
[10:10] Itchy Gamba: hehe
[10:10] Tomac Sewell: lol
[10:11] Tomac Sewell: i´m not in it for the title either but i can take the job
[10:11] Tomac Sewell: :)
[10:11] You: OK, Tomac for a Chairman then :)
[10:11] You: Please sound your votes and number of shares, Gents
[10:12] Itchy Gamba: for all of the above
[10:12] Itchy Gamba: my total shares
[10:12] You: Vitall Beck 662,000 - in favor
[10:13] Dexter Tones: I only have 1k shares left, but I agree with both of you. Count my vote :)
[10:13] Tomac Sewell: in favor 3,5% forgot the numer of shares..:)
[10:13] You: Itchy Gamba 194,450 - in favor
[10:13] You: Tomac Sewell 69,818 - in favor
[10:13] Tomac Sewell: thank you
[10:13] You: Dexter Tones 1,000 - in favor
[10:14] You: Let me count
[10:14] Itchy Gamba: we dont even make half of the company
[10:15] You: Got only 47.7%, but not all shareholders voted yet
[10:15] You: I'll serve note to other Shareholders to let them vote by proxy.
[10:16] You: At least Clintovius promised to vote once he get the voting list
[10:16] You: He's got 11%, so if he votes yes we'll have a decision
[10:16] Dexter Tones: Great
[10:17] You: Good, good so far
[10:17] Itchy Gamba: right now we need some customers
[10:17] Dexter Tones: Hehe
[10:18] You: Right you are, Itchy - let's work together on this, shall we? :)
[10:18] Tomac Sewell: we have no time to waste, so i suggest we go ahead like this was already a done deal
[10:18] You: I'm pretty sure that it'll be finalized in no time... we can start acting now, I agree
[10:18] You: So last topic - Future direction of the company
[10:18] Itchy Gamba: yes
[10:18] You: Any comments/suggestions in addition to already voiced
[10:19] You: ?
[10:19] Itchy Gamba: do you have a list of available plots and their respective prices?
[10:19] You: I do and I'll share it
[10:19] You: with you... email would be best cause it's in Excel format
[10:19] Itchy Gamba: ok
[10:21] You: So, any final comments?
[10:21] Tomac Sewell: we need to brainstorm and then meet again soon
[10:22] You: Yes, let's put together our ideas and effort - and I'm sure we can pull it through! :)
[10:23] You: OK, thanks everyone, I need to send this meeting minutes to SLCX
[10:23] You: but in addition to this any one has objections to making these minutes public (except for e-mails of course)
[10:23] You: ?
[10:23] Itchy Gamba: ok good bye everybody
[10:23] Tomac Sewell: nope
[10:23] Dexter Tones: No
[10:23] Itchy Gamba: no objections
[10:24] You: OK, good job everyone, let's make it happen :)
[10:24] Itchy Gamba: ok bye for now :)
[10:24] You: Bye!

in topic Urgent shareholders meeting by Vitall Beck ]]> Sat, 23 Aug 2008 11:43:41 -0700 http://slcapex.com/forums/topic/HOT/2204/15909 http://slcapex.com/forums/topic/HOT/2204
Urgent shareholders meeting happened today, , August 23rd, 9:00AM SLT. 4 shareholders were present representing 47.7% of HOT shares ownership.

Following question was put to shareholders voting: Appointment of the following HOT Officers and Directors -
CEO - Itchy Gamba
COO - Vitall Beck
Chairman of the Board - Tomac Sewell
Director - Clintovius Trotter
Director - Rockwell Ginsberg

So far, 47.7% of HOT shareholders voted in favor of this nominations. Shareholders who were not present at the meeting can vote by either sending me a notecard or expressing their vote through this forum. Once we've got more than 50% of shareholders votes, the appointment of the Officers/Directors will be approved.

Full transcript of Shareholders meeting proceeds can be found in the next post.

Regards, Vitall Beck

in topic Urgent shareholders meeting by Vitall Beck ]]> Sat, 23 Aug 2008 11:43:10 -0700 http://slcapex.com/forums/topic/HOT/2204/15908 http://slcapex.com/forums/topic/HOT/2204
Following a default notice by SLCX management, I have no choice but to call an urgent shareholders meeting that will decide the direction of the Company and who will lead it going forward.

Time for the meeting is: tomorrow, August 23rd, 9:00AM SLT

Location:
http://slurl.com/secondlife/Kush%20Reef%20South////

Agenda:
1) Status update
2) Management structure and appointing Officers/Directors (anyone willing to serve as one may apply)
3) Future direction of the Company

Regards, Vitall Beck

in topic Urgent shareholders meeting by Vitall Beck ]]> Fri, 22 Aug 2008 09:48:13 -0700 http://slcapex.com/forums/topic/HOT/2204/15882 http://slcapex.com/forums/topic/HOT/2200
in topic HOT status update by Ivan Halfpint ]]> Fri, 22 Aug 2008 08:25:00 -0700 http://slcapex.com/forums/topic/HOT/2200/15878 http://slcapex.com/forums/topic/HOT/2200
Granted, Kush landowners have to pay tier fees just like everyone else in Second Life, if they don't fulfill this obligation the land will be reclaimed and resold.

So, currently lots of quality plots in Kush Islands are ON SALE, meaning the price to purchase the land and become Kush landowner is below 1L$/sqm. BTW, tier fees for landowners has been decreased as well, so this is a perfect opportunity to buy a personal ISLAND - smallest "standalone" FULL PRIM islands go for just L$1999.

And BTW, any HOT shareholder referring a new land buyer will get 50% commission of initial land purchase amount. ;)

in topic HOT status update by Vitall Beck ]]> Fri, 22 Aug 2008 00:33:29 -0700 http://slcapex.com/forums/topic/HOT/2200/15871 http://slcapex.com/forums/topic/HOT/2200
Just wans't sure acording to the post?

Thanks

in topic HOT status update by Ivan Halfpint ]]> Thu, 21 Aug 2008 06:28:39 -0700 http://slcapex.com/forums/topic/HOT/2200/15843 http://slcapex.com/forums/topic/HOT/2200
First of all, I would like to thank Clintovius Trotter for the efforts he put so far in order to keep the company afloat. Given the current gloomy situation with SL economy in general, and land market in particular, he definitely had to fight a tough uphill battle...

Following is a short update on the situation the company is currently in. All HOT sims has been transferred to my account and tiers to Lindens paid, so there is no immediate threat of losing the company assets. However, HOT currently has no working capital, and occupancy rate is extremely low - below 40%. Effective occupancy rate is lower still, as about half of the residents are not paying their tiers... So, according to my estimate on-going tiers revenue is barely covering 1/3 of HOT estate fees. So, the company continues to lose money, and it does lose money fast.

In order to turn around the situation, a very immediate task is to increase the land occupancy to a more healthy level allowing the company at least to break even on tiers.

So, we started a "fire-sale": for a limited time, all unoccupied land on Kush islands is on sale for 1L$/sqm and even below. A wide selection of plots (ranging from 2048 to full sim); is currently available, including such unique offering as Opensim plots with FULL PRIM allocation.

In addition to this we initiated a "referral" program for Kush residents AND HOT shareholders- yes, FOR YOU. ;) Now you too can help the company while making good profit from it. PLEASE let ALL your SL friends and acquaintances know about a great limited&-time opportunity to buy land at one of the best Residential estates at a very attractive price! Once you've informed your friends, just IM me the list of your referrals, if one of them buys the land on Kush islands, YOU will get 50% - yes, one half! - of initial land purchase amount.

Please do not miss on this great opportunity to help yourself and your company! Act today! :) Forward everyone you know this SLurl:

http://slurl.com/secondlife/Kush////

Thank you, and I will keep you updated on further developments.

Regards, Vitall Beck

in topic HOT status update by Vitall Beck ]]> Thu, 21 Aug 2008 04:54:19 -0700 http://slcapex.com/forums/topic/HOT/2200/15842 http://slcapex.com/forums/topic/HOT/2173
It's been fun,

Clintovius Trotter

in topic Kuss Islands has new Interim CEO by Clintovius Trotter ]]> Sat, 16 Aug 2008 11:04:54 -0700 http://slcapex.com/forums/topic/HOT/2173/15701 http://slcapex.com/forums/topic/HOT/2173
in topic Kuss Islands has new Interim CEO by Sportsbets Writer ]]> Mon, 11 Aug 2008 02:44:48 -0700 http://slcapex.com/forums/topic/HOT/2173/15563 http://slcapex.com/forums/topic/HOT/2173
While there are still challenges ahead, there is now light at the end of the tunnel. No Kush regions have been, or are foreseen to be abandoned. Residents have been informed and tier income should continue.

Current financial report has also been posted.

Yours,

Clintovius Trotter
Former Kush Islands CEO

in topic Kuss Islands has new Interim CEO by Clintovius Trotter ]]> Sun, 10 Aug 2008 18:22:03 -0700 http://slcapex.com/forums/topic/HOT/2173/15544 http://slcapex.com/forums/topic/HOT/1547 Tier Revenue: $L359899
Tier Expense: $L650375
-----------------------
Net Income: -$L290476



Cash: L$0
Investments: L$75,000

Dividend Payable: L$0
Notes Payable: L$275,000
-----------------------
Total Liabilities: L$275,000



-----------------------
Notes
-----------------------


-Tier expense is based on 7 full sims and 4 openspace sims, at L$275:US$1.
-Investments includes 512 sq. m. of mainland in Shermerville NW, at historical cost.



in topic Monthly Financial Reports by Clintovius Trotter ]]> Sun, 10 Aug 2008 18:14:52 -0700 http://slcapex.com/forums/topic/HOT/1547/15543 http://slcapex.com/forums/topic/HOT/2162
It seems my notice yesterday got someone's attention. Kush Islands' primary shareholder (Vital Beck) is stepping up to take over. If all goes according to plan, we WILL NOT be abandoning the sims. So, any of you who are left can breathe a little easier.

We will keep you informed. Please, stand by.

Sorry for the unfortunate turn of events.

Thank you for your kind words.

Clintovius Trotter.

in topic FOLLOW UP URGENT NOTICE by Clintovius Trotter ]]> Fri, 08 Aug 2008 07:08:46 -0700 http://slcapex.com/forums/topic/HOT/2162/15471 http://slcapex.com/forums/topic/HOT/2153
I had always been impressed with Kush and made a great deal of money as a personal shareholder way long time ago but again, I totally understand. Best of luck to you from here.

in topic URGENT NOTICE SENT TO RESIDENTS OF KUSH ISLANDS by Lindsay Druart ]]> Thu, 07 Aug 2008 15:58:37 -0700 http://slcapex.com/forums/topic/HOT/2153/15435 http://slcapex.com/forums/topic/HOT/1953
in topic HOT Secondary Offering by SynCere Talon ]]> Thu, 07 Aug 2008 15:27:14 -0700 http://slcapex.com/forums/topic/HOT/1953/15432 http://slcapex.com/forums/topic/HOT/2153
Have you tried posting this on SLEX. Most Estate owners post and check it regularly. Maybe some of them will buy some up.

in topic URGENT NOTICE SENT TO RESIDENTS OF KUSH ISLANDS by SynCere Talon ]]> Thu, 07 Aug 2008 15:03:03 -0700 http://slcapex.com/forums/topic/HOT/2153/15431 http://slcapex.com/forums/topic/HOT/2153
As you must be aware by now, our population is dwindling and sales are very slow. This can

be attributed to many things. But, the most common complaint is the RL economy. The SL

economy has been suffering as well.

Indeed, as CEO of Kush Islands and the party responsible for the company's tier payments to

Linden Labs I am finding it increasingly difficult to maintain my role here.

As a result, I am forced by the requirements and economy of my own RL to step down

immediately.

While I informed the company's shareholders of my imminent departure some time ago, no one

has stepped up to either buy, sell, merge or take over as CEO. For the last two months I

have covered tier short fall out of my own pocket. The consequence of this is that I am

forced to abandon all Kush Islands sims before the next payment is due to Linden Labs. That

date is 8/9.

The unfortunate consequence of this will be that any resident whose objects have not been

taken into inventory will lose those objects.

There is a possible solution:

Some resident(s) or interested party(s) may want to purchase one, some or all of the Kush

Islands. A very cheap price can be negotiated quickly. The transer would take 5 - 7 days and

would require the purchaser to cover the next 2 payments to Linden Labs (due 8/9 & 8/10 and

totaling $1180 u.s.)

Whatever the case, any interested or concerned parties have until 8/8 12 a.m. EST (8/7 9

p.m. SLT) to inform me of their intentions. If nothing has changed, I will abandon all Kush

Islands sims as soon as possible. This might give concerned residents a few hours while I

sleep to clean up their objects. No guarantees. I may be able to save some of your objects

by returning them ... if I have time.

It has been my pleasure to meet all of you. I regret this unfortunate turn of events. I hope

that my history of willingness to be flexible, understanding, and accomodating will speak

for itself. I only hope you will grant me the same consideration.

Yours,

Clintovius Trotter

contact me at kushops@gmail.com

in topic URGENT NOTICE SENT TO RESIDENTS OF KUSH ISLANDS by Clintovius Trotter ]]> Thu, 07 Aug 2008 10:29:14 -0700 http://slcapex.com/forums/topic/HOT/2153/15419 http://slcapex.com/forums/topic/HOT/2150

in topic HOT stays COLD by Sportsbets Writer ]]> Wed, 06 Aug 2008 07:48:22 -0700 http://slcapex.com/forums/topic/HOT/2150/15352 http://slcapex.com/forums/topic/HOT/2085
If you have not received this notice please contact myself via email: Cash.Yiyuan[at]gmail.com

Regards,
Cash Yiyuan
SL CapEx Management.

in topic For the Attention of Kush Islands CEO by Cash Yiyuan ]]> Wed, 16 Jul 2008 09:06:24 -0700 http://slcapex.com/forums/topic/HOT/2085/14925 http://slcapex.com/forums/topic/HOT/1547
Tier Income : $L467000
Tier Expense : $L650375

Net Income : -$L183375

Cash $0
Investments $L75000

-Tier expense is based on 7 full sims and 4 openspace sims, at L$275:US$1.
-Investments includes 512 sq. m. of mainland in Shermerville NW, at historical cost.



in topic Monthly Financial Reports by Clintovius Trotter ]]> Sun, 13 Jul 2008 19:46:14 -0700 http://slcapex.com/forums/topic/HOT/1547/14885 http://slcapex.com/forums/topic/HOT/2042
First - Kush Islands owns 7 full sims and 4 open space sims.

Second - I am not paying all of the tier out of my own pocket.
Tier payments to Linden Labs come due in separate installments, based on the date that a particular sim was acquired.

I am covering shortfalls in these payments to Linden Labs at times when the tier payments of our residents don't add up on a given due date. I have sometimes reimbursed myself and sometimes not - depending on our readiness to make the next payment.

Kush Islands is NOT bankrupt or insolvent.
Kush Islands needs to sell land.

Third - and perhaps most important - Rockwell Ginsberg sold the bulk of his shares as a means of raising capitol for his $275K loan to Kush Islands. He had no absolutely no unfair advantage to motivate his sale of shares.

You will note that the major shareholders are firmly in place and have not panicked.

Uninformed speculation by small time investors is not helpful.



in topic Shareprize by Clintovius Trotter ]]> Thu, 10 Jul 2008 08:06:10 -0700 http://slcapex.com/forums/topic/HOT/2042/14769 http://slcapex.com/forums/topic/HOT/2042
first nice to see another one interested in that case, seems like most of the HOT shareholders not really care at all about whats happening here which in really not understand because it´s their invested money (and company)

I asked about the current assets and got no answer so i looked in the last financial report.

Their Tier expense was based on 5 full sims and 4 openspace sims so i think that are the current assets of the company.
Divide the Assets / outstanding shares minus the 275K L$ what HOT owes Rockwell Ginsberg then you have the liquidation dividend.Maybe i´m wrong but i think so.

(Two of the SIM´s are nearly completly empty how the CEO posted above and it seems like he is paying most of the tier from his own pocket, so HOT (Kush Islands) is technically bankrupt imaho because a Land company can only exist and work profitable when Land is rented and their manager has more time than 2-3 hours a week to manage daily business).


Was a little bit unfair that Rockwell Ginsberg knowed about the current situation before all other shareholders so he was able to sell at higher prize.I was little bit wondering why he sold suddenly all of his shares as a former HOT-CEO but i thought he just needed money so i bought some.Not many just 5k shares.I sold most of them with a loss :(

I personally feel sad for the major shareholders/investors of this company that it has come to this situation of a former blue-ship stock and hope someone who has time and knowleguage about land business takes over but a liquidation seems likely possible.


<Sportsbets Writer

Sorry for sluppy english

in topic Shareprize by Sportsbets Writer ]]> Thu, 10 Jul 2008 06:51:31 -0700 http://slcapex.com/forums/topic/HOT/2042/14765 http://slcapex.com/forums/topic/HOT/2065
i heard of the problems of Kush Islands.
If there is a final liquidation dividend how much can currenct shareholders expect?

ED

in topic HOT- Liquidation by Eatsome Donat ]]> Thu, 10 Jul 2008 06:16:52 -0700 http://slcapex.com/forums/topic/HOT/2065/14762 http://slcapex.com/forums/topic/HOT/2042
How do you figure at liquidation that the price is higher?

in topic Shareprize by Scout Haystack ]]> Thu, 10 Jul 2008 06:12:39 -0700 http://slcapex.com/forums/topic/HOT/2042/14761 http://slcapex.com/forums/topic/HOT/2042
in topic Shareprize by Sportsbets Writer ]]> Wed, 09 Jul 2008 13:10:04 -0700 http://slcapex.com/forums/topic/HOT/2042/14727 http://slcapex.com/forums/topic/HOT/2042 How many SIM´s does HOT(Kush Islands) own right now?

in topic Shareprize by Sportsbets Writer ]]> Wed, 09 Jul 2008 10:00:30 -0700 http://slcapex.com/forums/topic/HOT/2042/14720 http://slcapex.com/forums/topic/HOT/2042
As I see it, the company is technically in default of its debt obligations to me. However since I would rather not see the company liquidated, I was hoping a secondary offering is still possible. I think shareholders need to come to some kind of decision (and quick):

1. Secondary offering and change of management
2. Liquidation (and liquidation dividend)
3. Buyout (we do trade at a discount to other land companies, and have a good base of residents - making us potentially attractive to buyers)

I hope we can figure this out ASAP, Clint doesn't need this hanging over his head.

in topic Shareprize by Rockwell Ginsberg ]]> Tue, 08 Jul 2008 14:11:21 -0700 http://slcapex.com/forums/topic/HOT/2042/14705 http://slcapex.com/forums/topic/HOT/2042
The 2 new sims sit mostly empty.
The older sims are at about 86% occupancy.

We continue to collect tier - But, we have lost some of our larger long term residents to the RL economy.

My own responsibilities make it impossible for me to be online long enough to continue as a one man show. My attempts to hire in sales and operational help have not gone well, because I am not inworld enough.

I have made this clear to Rockwell Ginsberg, since we owe him $L275,000.

There will be no further dividend payments so long as I remain personally responsible for the payments due to Linden Labs. At least until our occupancy gets back up to supportable levels.

We had planned to set up a secondary to supply cash for debt payment and to cover Linden Lab dues. Even that takes more time than I have at the moment.

If anybody wants to step up and make an offer - whether to take over as CEO, or to run Marketing and Operations - contact me. Inworld IMs go to my email.

Or, email me directly at kushops@gmail.com

Over the last two years I have put a lot of time and effort into SL and Kush Islands. I would rather not resign. If there is a potential Chief of Operations or Head of Marketing out there who doesn't need me inworld more than a few hours a week - I will stay on.

Otherwise, my plan is to eventually liquidate, pay off the shareholders and Rockwell, and resign.

With apologies for a lack of communication,

Clintovius Trotter
CEO - Kush Islands

in topic Shareprize by Clintovius Trotter ]]> Tue, 08 Jul 2008 13:38:03 -0700 http://slcapex.com/forums/topic/HOT/2042/14704 http://slcapex.com/forums/topic/HOT/2042
in topic Shareprize by Sportsbets Writer ]]> Tue, 08 Jul 2008 09:08:18 -0700 http://slcapex.com/forums/topic/HOT/2042/14697 http://slcapex.com/forums/topic/HOT/2042
i think (and hope;) the shareprize drop has more to do because Rockwell Ginsberg is selling off some of his shares rather than the Company itself has any problems.

Was a stable company until now with a healthy dividend/shareprize history.

When do the mgmt/CEO expect to be able to pay dividends in future?

Until i have a answer about the current situation i´ll keep buying some cheap HOT´s ;)


SW



in topic Shareprize by Sportsbets Writer ]]> Mon, 30 Jun 2008 15:01:28 -0700 http://slcapex.com/forums/topic/HOT/2042/14530 http://slcapex.com/forums/topic/HOT/1953 Time to place some buy orders and hopefully grap some cheap HOT`s ;)

Ah market buy 1.10 also OK

in topic HOT Secondary Offering by Sportsbets Writer ]]> Sat, 28 Jun 2008 13:44:08 -0700 http://slcapex.com/forums/topic/HOT/1953/14500 http://slcapex.com/forums/topic/HOT/1953
but that´s a prize i think about setting a buy order and buy some back i sold expensive ;) even the financials not so promising.But that´s a normal slump in land companys, other stock listed co`s in it,too.

SW



in topic HOT Secondary Offering by Sportsbets Writer ]]> Sat, 21 Jun 2008 14:01:43 -0700 http://slcapex.com/forums/topic/HOT/1953/14377 http://slcapex.com/forums/topic/HOT/1547 -----------------------


Tier Revenue: $L536549
Tier Expense: $L650375
-----------------------
Net Income: -$L113826



-----------------------
Balance Sheet
-----------------------


Cash: L$0
Inventory: L$373,000
Investments: L$75,000
-----------------------
Total Assets: L$448,000


Dividend Payable: L$0
Notes Payable: L$275,000
-----------------------
Total Liabilities: L$275,000



-----------------------
Notes
-----------------------


-Tier expense is based on 7 full sims and 4 openspace sims, at L$275:US$1.
-Inventory includes Kush Bay and Kush Cove (new islands) and 55,296 sq. m. of reclaimed land.

-Investments includes 512 sq. m. of mainland in Shermerville NW, at historical cost.



in topic Monthly Financial Reports by Clintovius Trotter ]]> Thu, 19 Jun 2008 09:05:57 -0700 http://slcapex.com/forums/topic/HOT/1547/14334 http://slcapex.com/forums/topic/HOT/1891
in topic Kush Islands Opens 2 New Sims by Eatsome Donat ]]> Thu, 19 Jun 2008 06:04:08 -0700 http://slcapex.com/forums/topic/HOT/1891/14320 http://slcapex.com/forums/topic/HOT/2011 Today, 20:24 system announcement
by Bogart Beck

Kush Islands (HOT) HALTED for Financial Reporting Non-Compliance - 06/18/2008

Due to non-compliance with Capex's financial reporting policies, HOT trading has been halted for not posting financials and the Comapny has been fined pursuant to our posted continued listing requirements.

Trading priviledges of the Kush Islands Executive Team of Rockwell Ginsberg and Clintovius Trotter have been suspended and Trading in HOT will not resume until fully conforming Financials have been posted and the Fine Paid-In-Full.

Bo Beck
SL CapEx CEO

in topic Kush Islands (HOT) HALTED for Financial Reporting Non-Compliance  by Bogart Beck ]]> Wed, 18 Jun 2008 20:41:17 -0700 http://slcapex.com/forums/topic/HOT/2011/14305 http://slcapex.com/forums/topic/HOT/1547
Just a brief note to let you know that the June financials are coming. I am currently out of town and have irregular and unreliable internet connection. However, I should be able to post something soon.

Thank you for your patience,

Clintovius Trotter
CEO, Kush Islands

in topic Monthly Financial Reports by Clintovius Trotter ]]> Fri, 13 Jun 2008 04:48:12 -0700 http://slcapex.com/forums/topic/HOT/1547/14158 http://slcapex.com/forums/topic/HOT/1953
I gotta ask... do you actually engage mind before spewing here or are you really just hell bent on single-handedly taking down the shareprice of every company you encounter? You'll make up for the losses with volume, eh? Brilliant!

Sheesh... go watch some baseball or something! ;-)

Bo

in topic HOT Secondary Offering by Bogart Beck ]]> Mon, 02 Jun 2008 16:18:32 -0700 http://slcapex.com/forums/topic/HOT/1953/13861 http://slcapex.com/forums/topic/HOT/1953 Just 500k? then you really need money imaho..
Raising one or two million for expandation no problem, but looking for public investors in form of a SPO just to be more liquid sounds somehow strange.
Expect a quick sharepize drop from 1.80 to around 1.25.
Any put options on HOT out there? I´ll buy some.

Sportsbets Writer
HOT Shareholder

in topic HOT Secondary Offering by Sportsbets Writer ]]> Mon, 02 Jun 2008 13:17:48 -0700 http://slcapex.com/forums/topic/HOT/1953/13850 http://slcapex.com/forums/topic/HOT/1953
Faced with an uncertain land market, we want to raise equity to ensure our continued liquidity. We do not have liquidity issues at the moment, but want to be proactive in raising capital so as to be in a better position to weather any potential turbulence going forward. Given our high fixed costs (island tier), we believe that maintaining a strong cash reserve is necessary in the current environment.

We are looking to raise about L$500,000 and think we will price the offering between L$1.40-1.60. Funds will be used to retire debt and bolster cash reserves, as well as invest opportunistically as market conditions permit.

We expect to make the offering available in the coming weeks.

Please provide any feedback you have.


Best Regards,

Kush Islands Management



in topic HOT Secondary Offering by Clintovius Trotter ]]> Sun, 01 Jun 2008 15:53:50 -0700 http://slcapex.com/forums/topic/HOT/1953/13805 http://slcapex.com/forums/topic/HOT/1891
Kush Bay
http://slurl.com/secondlife/Kush%20Bay/120/94/39

... and ...

Kush Cove
http://slurl.com/secondlife/Kush%20Cove/128/126/43

*** First two weeks tier free ***

NO PREMIUM ACCOUNT REQUIRED

Kush Islands is a tropical island estate company offering commercial and residential land for Second Life residents looking for an island sim without the lag and congestion of the mainland at affordable prices and more flexible tier structure. Kush Cove and Kush Bay are mixed commercial/residential.

For more informaiton, contact Clintovius Trotter or Rockwell Ginsberg

in topic Kush Islands Opens 2 New Sims by Clintovius Trotter ]]> Wed, 14 May 2008 20:09:23 -0700 http://slcapex.com/forums/topic/HOT/1891/13188 http://slcapex.com/forums/topic/HOT/1876 -------------------------------------

Dear Prospective Shareholder,

Thank you for your interest in our company. We invite you to learn more about Kush Islands and about the value of being a Kush Islands shareholder.

Kush Islands' principal asset is the Kush estate. Kush is a collection of private island sims that offer attractive landowning options for Second Life residents. Each island generates a steady revenue stream and healthy profit margin.

We believe that making a public offering will allow us to raise capital for further expansion. In return, we intend to create real value for shareholders. Part of our profit will be reinvested in expanding and developing our core business, and part of our profit will be given to shareholders in the form of regular dividend payments and share buybacks.

We welcome your questions. And we invite you to visit any of the Kush Islands to see our business firsthand and meet our satisfied customers. Thank you for your interest in Kush Islands!

Rockwell Ginsberg
Chairman, Kush Islands




Business Overview
-------------------------------------

Kush Islands' core business involves owning and managing the Kush estate. The Kush estate is a collection of islands that offer attractive landowning options for Second Life residents.
(As of May 2008, islands include: Kush, Kush II, Kush III, Kush Bay, Kush City, Kush Cove, Kush Keys, Kush Ocean, Kush Reef, Kush Reef North, Kush Reef South)



Business Strategy
-------------------------------------

Kush offers Second Life residents a superior land owning experience. Waterfront white sand beaches can be found on every lot in Kush. The land is sold to residents upfront (they can later resell it themselves) and tier is collected monthly. This is the core business model. It yields a steady revenue stream for the company, and offers significant value for residents of our sims. Excellent customer service is an essential part of our strategy. We continue to focus on our core competencies while surveying the Second Life landscape for new opportunities.



Business Strengths
-------------------------------------

Kush Islands' strengths include a proven and reliable business model, a commitment to superior customer service, and a quality product. This combination of factors has given Kush significant brand equity in the estate land market.



Market Overview
-------------------------------------

We operate in the estate land market. There are many competitors in this market, all with slightly different offerings. We are confident that we have found a successful business model that offers both an attractive profit margin for the company and significant value for the customer. Our commitment to customer satisfaction, our fair pricing, and our brand equity put us one step above the competition.



Use of Capital
-------------------------------------

Kush Islands will use the capital raised in the IPO to fund an expansion of our business. This will initially consist of adding new sims to the estate. We feel it is important to strengthen our core business (estate sales and management) while also looking for new opportunities. We eventually intend to diversify Kush Islands by tapping new revenue streams and business models.



Risk Factors
-------------------------------------

We believe the estate market is attractive in its risk/return profile compared with mainland trading. Mainland prices are too volatile to produce a reliable revenue stream. Estate sales and management yield a much more predictable cash flow.



Management Team
-------------------------------------

Clintovius Trotter
Chief Executive Officer

Rockwell Ginsberg
Chairman, Founder

Dexter Tones
Executive Vice President

Itchy Gamba
General Counsel

in topic Prospectus (April 2007) by Clintovius Trotter ]]> Mon, 12 May 2008 18:35:08 -0700 http://slcapex.com/forums/topic/HOT/1876/12963 http://slcapex.com/forums/topic/HOT/1636
Thanks

in topic HOT stays HOT ! Agressive Buy by Pop Nightfire ]]> Mon, 12 May 2008 09:24:57 -0700 http://slcapex.com/forums/topic/HOT/1636/12942 http://slcapex.com/forums/topic/HOT/1636 Disregard this buffoon. Shows up March 18th out of NOWHERE, owns ZERO Shares of ANYTHING and has a grand total of L$.02 on deposit yet claims to be an authority on valuations? Ha!

Bo

in topic HOT stays HOT ! Agressive Buy by Bogart Beck ]]> Mon, 12 May 2008 08:51:13 -0700 http://slcapex.com/forums/topic/HOT/1636/12940 http://slcapex.com/forums/topic/HOT/1636 DCTY has 2 islands and 6 million market cap. ZEN is not quite as overvalued but has only 3 islands and 3 million market cap. HOT appears to be the least overvalued land company, and potentially undervalued with a 4 million market cap and over 10 islands.

DCTY
-Strong Sell
-Target L$2

ZEN
-Sell
-Target L$0.75

HOT
-Strong Buy
-Target L$4

in topic HOT stays HOT ! Agressive Buy by Pop Nightfire ]]> Mon, 12 May 2008 04:31:25 -0700 http://slcapex.com/forums/topic/HOT/1636/12930 http://slcapex.com/forums/topic/HOT/1547 Income Statement
-----------------------


Tier Revenue: L$582,000
Tier Expense: L$488,000
-----------------------
Net Income: L$94,000



-----------------------
Balance Sheet
-----------------------


Cash: L$119,000
Inventory: L$603,000
Investments: L$75,000
-----------------------
Total Assets: L$797,000


Dividend Payable: L$40,000
Notes Payable: L$275,000
-----------------------
Total Liabilities: L$315,000



-----------------------
Notes
-----------------------


-Tier expense is based on 5 full sims and 4 openspace sims, at L$275:US$1.
-Inventory includes Kush Bay and Kush Cove (new islands) and 26,642 sq. m. of reclaimed land.
-Investments includes 512 sq. m. of mainland in Shermerville NW, at historical cost.
-L$40,000 dividend payable May 11, 2008.

in topic Monthly Financial Reports by Clintovius Trotter ]]> Sun, 11 May 2008 15:08:28 -0700 http://slcapex.com/forums/topic/HOT/1547/12921 http://slcapex.com/forums/topic/HOT/1857
A large land holder in Kush II has moved on to his own sim. So, we are offering land in Kush I, II & III at a huge discount.

These 4096 m2 parcels are priced at $7500 - which includes the first month's tier!

Contact Clintovius Trotter - or visit the slurls below.

Kush 1:

http://slurl.com/secondlife/Kush/159/22/22

**********************************

Kush 2:

http://slurl.com/secondlife/Kush%20II/231/221/22

http://slurl.com/secondlife/Kush%20II/98/156/21

http://slurl.com/secondlife/Kush%20II/231/221/22

http://slurl.com/secondlife/Kush%20II/231/221/22

http://slurl.com/secondlife/Kush%20II/235/91/23

http://slurl.com/secondlife/Kush%20II/226/31/22

**********************************

Kush 3:

http://slurl.com/secondlife/Kush%20III/229/27/22

in topic Another Kush Islands Land Sale by Clintovius Trotter ]]> Wed, 07 May 2008 19:45:51 -0700 http://slcapex.com/forums/topic/HOT/1857/12776 http://slcapex.com/forums/topic/HOT/1636
in topic HOT stays HOT ! Agressive Buy by Spm Aviatik ]]> Wed, 07 May 2008 15:00:20 -0700 http://slcapex.com/forums/topic/HOT/1636/12764 http://slcapex.com/forums/topic/HOT/1636 http://sl-virtual-world-news.com/index.php/News/Stock-Market/Capex-Update-15th-April-2nd-May-2008.html). But since this tight lip strategy may have contributed to the price decline, I will tell you now that the sales were primarily driven by my need to raise capital to help fund Kush Islands' growth.

We are looking to add TWO new islands to the estate in the coming days. These plans have been delayed because Clintovius needed to get his Lindex limit raised, but now we are all set as of this afternoon.

If you've followed really closely, you've seen that I have most recently BOUGHT shares, because the price was simply TOO LOW in the low 1s.

When I look at other land companies traded on SLCX (they shall remain nameless), I am stunned by their valuations. Companies with 2 islands trading with a higher market cap than Kush Islands. Does not make sense to me, but I guess SLCX is not a perfectly efficient market (are any markets perfectly efficient... debate for another time).

The price decline may also be a reflection of the current state of the land market. But it is important to keep in mind that we do not rent land, we sell land to residents, so we are more insulated from land value declines than other companies out there.

Bottom line: we're not going anywhere, we've been around for over a year as a publicly traded virtual company, we have great occupancy rates, and we're going to announce the month's financials and dividend in the coming days. Stay tuned.

in topic HOT stays HOT ! Agressive Buy by Rockwell Ginsberg ]]> Wed, 07 May 2008 14:29:53 -0700 http://slcapex.com/forums/topic/HOT/1636/12762 http://slcapex.com/forums/topic/HOT/1636 When he is completly out maybe shareprize rising a bit again.
(I personally sold all my shares for 2.25, holding only 1 Share.Was smelling + hearing something is going on..)

Next stock i think is MECH who sees (and alredy saw )a downswing, check the major shareholders list from time to time ;) Expect SLW also will fall to mid 0.4~ and also a falling shareprize of YEP!, too in near future...

in topic HOT stays HOT ! Agressive Buy by Sportsbets Writer ]]> Wed, 07 May 2008 14:01:30 -0700 http://slcapex.com/forums/topic/HOT/1636/12760 http://slcapex.com/forums/topic/HOT/1636
in topic HOT stays HOT ! Agressive Buy by Spm Aviatik ]]> Wed, 07 May 2008 11:37:44 -0700 http://slcapex.com/forums/topic/HOT/1636/12756 http://slcapex.com/forums/topic/HOT/1752
That's right ...

FREE LAND!! TIER ONLY!!

Purchase price is actually the first month's tier!
Get it while it's hot!

Kush 1:

http://slurl.com/secondlife/Kush/159/22/22

http://slurl.com/secondlife/Kush/233/77/22

http://slurl.com/secondlife/Kush/95/162/22

http://slurl.com/secondlife/Kush/87/219/23

**********************************

Kush 2:

http://slurl.com/secondlife/Kush%20II/226/31/22

http://slurl.com/secondlife/Kush%20II/235/91/23

**********************************

Kush 3:

http://slurl.com/secondlife/Kush%20III/161/95/22

http://slurl.com/secondlife/Kush%20III/19/105/22

Contact Clintovius Trotter or ice ryba for further details.




in topic Kush Islands Land Sale by Clintovius Trotter ]]> Sun, 13 Apr 2008 10:36:09 -0700 http://slcapex.com/forums/topic/HOT/1752/11406 http://slcapex.com/forums/topic/HOT/1546
Kush Islands is pleased to report a total dividend of $L60K to be paid on Sunday, April 13.

Our patience and conservative business model has once again paid off. Kush Islands stands even more competitive as we are poised to take full advantage of the new $1000us price for private islands. We are strongly considering adding yet another sim to our inventory within the coming week!

in topic Official Weekly Update - For CEO Posting Only by Clintovius Trotter ]]> Fri, 11 Apr 2008 19:05:45 -0700 http://slcapex.com/forums/topic/HOT/1546/11365 http://slcapex.com/forums/topic/HOT/1547 Income Statement
-----------------------


Tier Revenue: L$572,000
Tier Expense: L$423,000
-----------------------
Net Income: L$149,000



-----------------------
Balance Sheet
-----------------------


Cash: L$360,000
Inventory: L$61,000
Investments: L$75,000
-----------------------
Total Assets: L$496,000


Dividend Payable: L$60,000
-----------------------
Total Liabilities: L$60,000



-----------------------
Notes
-----------------------


-Tier expense was calculated as a fraction of a full month's tier, based on 26 days.
-Inventory includes 30,720 sq. m. of reclaimed land, valued at L$2 per sq. m.
-Investments includes 512 sq. m. of mainland in Shermerville NW, valued at historical cost.
-L$60,000 dividend payable April 13, 2008.

in topic Monthly Financial Reports by Clintovius Trotter ]]> Fri, 11 Apr 2008 18:49:16 -0700 http://slcapex.com/forums/topic/HOT/1547/11364 http://slcapex.com/forums/topic/HOT/1643
Thanks

in topic HOT NAV by Rockwell Ginsberg ]]> Sun, 16 Mar 2008 07:49:36 -0700 http://slcapex.com/forums/topic/HOT/1643/10344 http://slcapex.com/forums/topic/HOT/1643 -------------------------

15 Aug 2007 to 15 Sep 2007

Report Posted: September 25, 2007
Period From: August 15, 2007
Period To: September 15, 2007
Covering: 31 days

Revenue: L$531033.00
Expenditure: L$324500.00
Earnings: L$206533.00
CAPEX: L$0.00
Land Owned: sqm.
Land Value: L$0.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$0.00
Cash on Hand: L$0.00
Investments: L$0.00
Debtors: L$0.00
Liabilities: L$0.00

-----

16 Sep 2007 to 15 Oct 2007

Report Posted: October 18, 2007
Period From: September 16, 2007
Period To: October 15, 2007
Covering: 29 days

Revenue: L$519616.00
Expenditure: L$324500.00
Earnings: L$195116.00
CAPEX: L$460625.00
Land Owned: 327680.0 sqm.
Land Value: L$4.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$195000.00
Cash on Hand: L$500000.00
Investments: L$0.00
Debtors: L$0.00
Liabilities: L$318894.00

-----

16 Oct 2007 to 14 Nov 2007

Report Posted: November 15, 2007
Period From: October 16, 2007
Period To: November 14, 2007
Covering: 29 days

Revenue: L$841489.00
Expenditure: L$506095.00
Earnings: L$335394.00
CAPEX: L$0.00
Land Owned: 327680.0 sqm.
Land Value: L$6.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$0.00
Cash on Hand: L$500000.00
Investments: L$0.00
Debtors: L$0.00
Liabilities: L$78334.00

-----

15 Nov 2007 to 14 Dec 2007

Report Posted: December 15, 2007
Period From: November 15, 2007
Period To: December 14, 2007
Covering: 29 days

Revenue: L$654245.00
Expenditure: L$433421.00
Earnings: L$220824.00
CAPEX: L$0.00
Land Owned: 589824.0 sqm.
Land Value: L$4.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$0.00
Cash on Hand: L$0.00
Investments: L$0.00
Debtors: L$0.00
Liabilities: L$0.00

-----

15 Dec 2007 to 14 Jan 2008

Report Posted: January 15, 2008
Period From: December 15, 2007
Period To: January 14, 2008
Covering: 30 days

Revenue: L$769539.00
Expenditure: L$493432.00
Earnings: L$276107.00
CAPEX: L$0.00
Land Owned: 589824.0 sqm.
Land Value: L$5.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$0.00
Cash on Hand: L$276107.00
Investments: L$0.00
Debtors: L$0.00
Liabilities: L$112346.00

-----

15 Jan 2008 to 14 Feb 2008

Report Posted: February 16, 2008
Period From: January 15, 2008
Period To: February 14, 2008
Covering: 30 days

Revenue: L$648499.00
Expenditure: L$491192.00
Earnings: L$157307.00
CAPEX: L$0.00
Land Owned: 589824.0 sqm.
Land Value: L$4.00/sqm.
Buildings Value: L$0.00
Equipment Value: L$0.00
Inventory Value: L$0.00
Cash on Hand: L$177042.00
Investments: L$74999.00
Debtors: L$0.00
Liabilities: L$0.00

in topic HOT NAV by Rockwell Ginsberg ]]> Sun, 16 Mar 2008 07:46:30 -0700 http://slcapex.com/forums/topic/HOT/1643/10343 http://slcapex.com/forums/topic/HOT/1643
Can the management post the historical financials from pre-SLCapex times not only the latest ones? It would be nice to be able to see some trends.

in topic HOT NAV by Spm Aviatik ]]> Sun, 16 Mar 2008 04:06:45 -0700 http://slcapex.com/forums/topic/HOT/1643/10338 http://slcapex.com/forums/topic/HOT/1546
Monthly financials posted and dividend paid.

in topic Official Weekly Update - For CEO Posting Only by Clintovius Trotter ]]> Sat, 15 Mar 2008 12:59:16 -0700 http://slcapex.com/forums/topic/HOT/1546/10326 http://slcapex.com/forums/topic/HOT/1636
For the rest i agree, HOT is a nice stock, my target price is a stable 4 Lindens with good volumes for this year.

Cya




in topic HOT stays HOT ! Agressive Buy by Enky Nakamura ]]> Sat, 15 Mar 2008 11:11:04 -0700 http://slcapex.com/forums/topic/HOT/1636/10320 http://slcapex.com/forums/topic/HOT/1547 Period: 2/15/08 - 3/14/08

Revenue: L$709,000
Expense: L$530,000
Net Income: L$179,000

(Retained Earnings: L$77,000)

-----

Assets
Date: 3/15/08

Cash: L$256,000
Inventory: L$70,000
Investment: L$75,000

No Liabilities


in topic Monthly Financial Reports by Clintovius Trotter ]]> Sat, 15 Mar 2008 04:46:05 -0700 http://slcapex.com/forums/topic/HOT/1547/10310 http://slcapex.com/forums/topic/HOT/1636
joking... just boring only to see just a prospectus-topic in the forum of a great SL- company, just a new topic ;)

But remembers me someone was telling me TNW would be worth 1US$/Share (hello enky!) because the make a new virtual grid Linden Labs and Second Life should be aware of!
(Shareprize TNW was 4.40L one share at the moment the rumors even more underlined with a 40.000euro injection from a french investor..;)

How funny the sl-finance world can be, i laughing my ass of every day following the news,blogs and shareholder meetings.

Gambling ban, banking ban and the next thorn in the eye is maybe the stock exchanges itself (one major reason i think why luke want seperate it from Second Life, just use the ATM to deposit and let CEO´s pay dividend.When any trouble accours just remove the ATMs inworld and just let the hope capital museum left.;)

Fact: Anshe Chung still a major shareholder with 13.1%, funny that other exchanges not have to name she "Third Party" again because her appeariance could affekt the market to much...

Sorry for sloppy english my german is much better.

in topic HOT stays HOT ! Agressive Buy by Sportsbets Writer ]]> Fri, 14 Mar 2008 23:09:07 -0700 http://slcapex.com/forums/topic/HOT/1636/10298 http://slcapex.com/forums/topic/HOT/1547
in topic Monthly Financial Reports by Rockwell Ginsberg ]]> Thu, 13 Mar 2008 09:52:16 -0700 http://slcapex.com/forums/topic/HOT/1547/10244 http://slcapex.com/forums/topic/HOT/1551 To trade at 10L a company have to earn 1/36 of that amount per month or:

10/36=0.27L$ of Earning per share.

Enky

in topic prospectus? by Enky Nakamura ]]> Wed, 12 Mar 2008 03:14:53 -0700 http://slcapex.com/forums/topic/HOT/1551/10185 http://slcapex.com/forums/topic/HOT/1547
in topic Monthly Financial Reports by Spm Aviatik ]]> Wed, 12 Mar 2008 00:10:43 -0700 http://slcapex.com/forums/topic/HOT/1547/10169 http://slcapex.com/forums/topic/HOT/1546
Things are going nicely.
Occupancy is back on the increase - moving from the 94% posted in the financial report to 96.5%

in topic Official Weekly Update - For CEO Posting Only by Clintovius Trotter ]]> Fri, 07 Mar 2008 20:05:38 -0800 http://slcapex.com/forums/topic/HOT/1546/9974 http://slcapex.com/forums/topic/HOT/1551
When DCTY (Dreamcitys.net) is trading @6.00L$ ..HOT should be trading @10.00L$ ;)


<Sportsbets Writer

in topic prospectus? by Sportsbets Writer ]]> Wed, 05 Mar 2008 00:33:01 -0800 http://slcapex.com/forums/topic/HOT/1551/9797 http://slcapex.com/forums/topic/HOT/1551
in topic prospectus? by Servme Nakamura ]]> Sun, 02 Mar 2008 15:12:26 -0800 http://slcapex.com/forums/topic/HOT/1551/9621 http://slcapex.com/forums/topic/HOT/1551
Enky

in topic prospectus? by Enky Nakamura ]]> Sat, 01 Mar 2008 16:44:07 -0800 http://slcapex.com/forums/topic/HOT/1551/9565 http://slcapex.com/forums/topic/HOT/1551
We will get the prospectus and financials posted shortly through official channels. We will also provide an update on operations, monthly outlook, upcoming dividends, and more.

Thank you to the SL Capital Exchange staff for helping us make the transition as smooth as possible.

-Rockwell

in topic prospectus? by Rockwell Ginsberg ]]> Sat, 01 Mar 2008 14:31:06 -0800 http://slcapex.com/forums/topic/HOT/1551/9559 http://slcapex.com/forums/topic/HOT/1551
04/15/07
Total: 200,000L
Per Share: 0.100L

04/25/07
Total: 100,000L
Per Share: 0.050L

05/15/07
Total: 150,000L
Per Share: 0.075L

06/15/07
Total: 150,000L
Per Share: 0.075L

07/15/07
Total: 150,000L
Per Share: 0.075L

08/15/07
Total: 420,000L
Per Share: 0.210L

09/15/07
Total: 206,533L
Per Share: 0.103L

10/16/07
Total: 48,779L
Per Share: 0.024L

11/15/07
Total: 83,848L
Per Share: 0.042L

12/15/07
Total: 109,016L
Per Share: 0.055L


in topic prospectus? by Rockwell Ginsberg ]]> Sat, 01 Mar 2008 14:28:06 -0800 http://slcapex.com/forums/topic/HOT/1551/9558 http://slcapex.com/forums/topic/HOT/1551
in topic prospectus? by Fujiwara Food ]]> Sat, 01 Mar 2008 11:16:12 -0800 http://slcapex.com/forums/topic/HOT/1551/9546 http://slcapex.com/forums/topic/HOT/1551 good luck to kush island

in topic prospectus? by kikokenpyr Beaumont ]]> Sat, 01 Mar 2008 07:05:37 -0800 http://slcapex.com/forums/topic/HOT/1551/9526 http://slcapex.com/forums/topic/HOT/1547
in topic Monthly Financial Reports by Cash Yiyuan ]]> Fri, 29 Feb 2008 21:18:49 -0800 http://slcapex.com/forums/topic/HOT/1547/9509 http://slcapex.com/forums/topic/HOT/1546
in topic Official Weekly Update - For CEO Posting Only by Cash Yiyuan ]]> Fri, 29 Feb 2008 21:17:04 -0800 http://slcapex.com/forums/topic/HOT/1546/9508