SLCapex forum - Brittany Bay Resorts

Panic Selling

Sat, 08 Nov 2008 19:57:38 -0800

When major investors put their whole position for sale and continually drop the price to attempt to guarantee liquidation, they can trigger panic selling by smaller investors.

Smaller investors wonder why such a major investor would want to drop his shares so quickly and with such fervor.

Major investors...please spread your sell positions!! By putting your whole portfolio of a particular stock for sale, you tip your hand quite obviously for all to see. If you were to spread your position over even just 2-4 positions, you make it an unintelligle sell from you.

It would be a true jump of faith to find who is selling at a particular time if you keep your sell orders smaller than the smallest investor on the "Top 10". This reduces the possibility of creating a panic sell because no one knows you are dumping your positions.

Unless of course you continually drop all your orders at the same time...

I'm just asking major investors to be prudent and be a force to stabilize their stock, not to destabilize.

Peperi Franizzi

in topic Panic Selling by Peperi Franizzi

BAY - Brittany Bay Resort - October 2008 Financials - Posted 11/05/2

Wed, 05 Nov 2008 00:38:51 -0800

BAY - Brittany Bay Resort - October 2008 Financials - Posted 11/05/2008

CEO's Report and Forward Guidance
=================================

BAY Shareholders,

A decent month all things considered... During November, we'll be working to put together a 24/7 Video Entertainment stream to provide a relaxing multimedia experience for the SIM. Look for Music Video's, Cartoons, Machinima and other fun streams within the next few weeks. We're also working to put together a Programming Guide and Event Calendar for the Amphitheater. It is also available for Resident Events - give me a shout if you're looking to host something there.

Also, Bo Beck Gallery should be back on-line displaying Original SL Artwork and RL photography before Thanksgiving. I'm pleased to report that my former Gallery Manager, Cyndi Honey, is back! Look for an announcement regarding a Grand Re-Opening Celebration Soooon...

I'm still recruiting for an Avi to manage our full-line clothing retail shop and hope to be back online just in time for the holiday shopping season.

Until next month, Blessings!

On to the Financials...

Bogart Beck
BAY Chair & CEO

================================================================================

(SL CapEx: BAY) Brittany Bay Resort
PERIOD ENDING 31-Oct-08

Revenue
Consolidated Revenue - Products and Services - (Estate Mgmt, etc) $101,125.00
TOTAL SALES REVENUE $101,125.00

Cost of Sales (or Cost of Goods Sold) GOGS
Sales Commissions Paid on Products and Services $-
Sales Commissions Paid on Sale of Stock $743.47
Real Estate Tier Paid & Commissions Paid on Sale of RE $81,125.00
(ALL) - Marketing & Advertising Expense (BIG Group) $21.00
TOTAL COST OF SALES $81,889.47

Gross Profit (Loss) $19,235.53
Gross Margin (%) 19.02%

Operating Expenses
Research & Development (NONE)
General and Administrative (Mgmt & Admin Salaries) (NONE) $-
Non Recurring (ONE-TIME) (NONE) $-
Others / Miscellaneous (OFC Furniture, etc.) (NONE) $-
TOTAL OPERATING EXPENSES $-

Operating Income or Loss $19,235.53
Operating Margin (%) 19.02%

Other Income from Continuing Operations
Other Income - (LAND SALES) $-
Other Income - Dividends Earned $10,766.04
Interest Earned on DEPOSITS or CD's (Short Term Invest.) $-
Misc. Income - CEO Market Maker Commission Earned (N/A) $-
TOTAL OTHER INCOME $10,766.04

Less Other Expenses (NET) $-

Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $30,001.57
Less Interest Expense $-
Less Income Tax Expense $-
Less Asset Depreciation $-
Less Other Adjustments $-

NET INCOME FROM CONTINUING OPERATIONS $30,001.57

Other Non-recurring Events
Less Costs for Discontinued Operations $-
Less Asset Impairment (Goodwill write-down-- None) $-
Less Effect Of Accounting Changes $-
Less Other Items $-

NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $30,001.57
% of Revenue 29.67%
Less DISBURSEMENT to Preferred Stock Shareholders $-
% of NIAS 0.00%
Less DIVIDEND to Common Shareholders (L$0.01 /sh pd 10/11/08) $20,000.00
% of NIAS 66.66%

RETAINED EARNINGS $10,001.57
============================

(SL CapEx: BAY) Brittany Bay Resort
PERIOD ENDING 31-Oct-08

Assets
Current Assets
Cash And Cash Equivalents (CapEx BTX Balance) $4,999.88
Short Term Invest. (None - Converted 10/10 for Tier Pmt 10/14) $-
Net Receivables (None) $-
Inventory (None) $-
Other Current Assets (None) $-

Total Current Assets $4,999.88
PLUS
Long Term Invest.I (SLCX Invest. 1,000,000 shares) (NPV L$0.35 /sh)$350,000.35
Long Term Invest.II (BTX Invest. 40,000 shares) (NPV L$5.54 /sh) $221,605.54
Property Plant and Equipment (Hard Assets) - NONE $-
Intangible Assets - NONE $-
Goodwill - NONE $-
Accumulated Amortization - NONE $-

Total Assets $576,605.77

Liabilities
Current Liabilities
Accounts Payable - Sept Tier - BIG Estates - Due 11/14/2008 to LL $81,125.00
Current Portion Due of Long Term Debt - NONE $-
Other Curr Liab - ($20,000 due BTX for Divi Distrib. Adv. 10/11) $20,000.00

Total Current Liabilities $101,125.00
PLUS
Long Term Debt - NONE $-
Other Liabilities - NONE $-
Deferred Long Term Liability Charges - NONE $-
Minority Interest - NONE $-
Negative Goodwill - NONE $-

Total Liabilities $81,125.00

Stockholders' Equity
Preferred Stock $-
Common Stock - (BAY - 1.5M Shares @ L$0.01 /share PAR Value) $15,000.00
Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $10,001.57
Additional PAID-IN Capital $-
Treasury Stock - (BAY - 500,001 Shares @ L$0.01 /share PAR Value)$5,000.00
Other Stockholder Equity $-
Accumulated Surplus or (Deficit) $465,479.20

Total Stockholder Equity $495,480.77

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $576,605.77
===================================================
CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00

in topic MONTHLY FINANCIAL REPORTS - CEO ONLY! by Bogart Beck

Bogart Beck Disclosure & Holdings Statement as of 11/01/2008

Sat, 01 Nov 2008 01:07:38 -0700

Update & Holdings Disclosure for Period Ending 10/31/2008 11:59PM SLT - Bo Beck

I will be working on the October Financial Statements for BAY, BIG, BTX and SLCX this week and expect to post them no later than Sunday, November 08, 2008.

SL CapEx CASH Equivalents ($Linden)
===================================
1 - BAY - Brittany Bay Resorts $4,999.88
2 - BIG - Beck Investment Group $7,920.61
3 - BTX - Beck Technical Research II $4,999.47
4 - Bogart Beck Main $5,578.55
5 - SL CapEx Treasury Account $3,662.90
6 - SL CapEx Trustee Services $5,649.10

PERSONAL HOLDINGS:
==================
BAY - Brittany Bay Resorts - 1,000,001 Shares $2,740,002.74 NPV
BIG - Beck Investment Group - 1,000,001 Shares $5,500,005.50 NPV
BTX - Beck Technical Research II - 1,000,001 Shares $5,540,005.54 NPV
NIC - Nestler Investment Corp. - 1,000,001 Shares $780,000.78 NPV
SLCX - SL Capital Exchange - 10,000,001 Shares $3,500,000.35 NPV

1 - BAY - Brittany Bay Resorts
==============================
BAY - Brittany Bay Resorts - 500,001 Shares $1,370,002.74 NPV
BTX - Beck Technical Research II - 40,001 Shares $221,605.54 NPV
SLCX - SL Capital Exchange - 1,000,001 Shares $350,000.35 NPV

2 - BIG - Beck Investment Group
===============================
BIG - Beck Investment Group - 300,001 Shares $1,650,005.50 NPV
BTX - Beck Technical Research II - 100,001 Shares $554,005.54 NPV
HIFI - HI-FIve™ - 65,001 Shares $65,001.00 NPV
MECH - Riot Mechs - 100,001 Shares $8,000.08 NPV
MLS - MiLOS Designs - 40,001 Shares $45,201.13 NPV
NIC - Nestler Investment Corp. - 200,001 Shares $156,000.78 NPV
SLCX - SL Capital Exchange - 4,850,001 Shares $1,697,500.35 NPV
SLR - SL Reports - 140,001 Shares $86,800.62 NPV
VBL - Verballis Translation Svc's. - 10,001 Shares $59,505.95 NPV

3 - BTX - Beck Technical Research II
====================================
BTX - Beck Technical Research II - 500,001 Shares $2,770,005.54 NPV
BAY - Brittany Bay Resorts - 100,001 Shares $274,002.74 NPV
SLCX - SL Capital Exchange - 2,000,001 Shares $700,000.35 NPV

SL CapEx Treasury Account
=========================
SLCX - SL Capital Exchange - 4,450,001 Shares $1,557,500.35 NPV

SL CapEx Trustee Services
=========================
BTX - Beck Technical Research II - 12,240 Shares $67,809.60 NPV
HBK - [ hoorenbeek ] - 125,001 Shares $71,250.57 NPV
HIFI - HI-FIve™ - 35,001 Shares $35,001.00 NPV
KDC - Karlfeldt & Delgado Capital - 102,501 Shares $86,100.84 NPV
MECH - Riot Mechs - 250,001 Shares $20,000.08 NPV
MLS - MiLOS Designs - 25,001 Shares $28,251.13 NPV
NIC - Nestler Investment Corp. - 116,501 Shares $90,870.78 NPV
SLCX - SL Capital Exchange - 150,001 Shares $52,500.35 NPV
SLR - SL Reports - 110,001 Shares $68,200.62 NPV
SLW - SLWallet.com - 2,000,001 Shares $360,000.18 NPV
VBL - Verballis Translation Svc's. - 14,001 Shares $83,305.95 NPV
YEP - Yellow Paperclip Corp - 35,001 Shares $25,550.73 NPV

in topic WEEKLY UPDATE - For CEO Posting ONLY! by Bogart Beck

Re: The Strength of BAY

Tue, 14 Oct 2008 19:02:59 -0700

Hehe. cold? not at all.
when I was in the army, I was spending the winter in an avrange of around - 30 C, that was cold :)

But norway got its good parts to.
strong economy, and allot of resources for people wanting to start their own company. where the registration and paperwork can be as low as 0$
and allot of goverment services GIVING you money to start up if you have a good business plan. the banks is allso very generous in giving you loans. and now they are even working on getting the loan interest down again :) (its around 7% right now, they will have it down to about 6%)
the taxes here is good to. Im paying the highest tax witch is 36% :) not bad considering other countries.

in topic The Strength of BAY by Johnny Norwood

Re: The Strength of BAY

Tue, 14 Oct 2008 18:46:04 -0700

Maybe Bo should consider becoming an ex-patriate! ;-)

Nahhh... too cold in Norway for this Californian! Cheers!

Bo

in topic The Strength of BAY by Bogart Beck

Re: The Strength of BAY

Tue, 14 Oct 2008 18:40:41 -0700

<<
BTW, not sure where you live but here in the US of A passbook rates on simple savings accounts are at an all-time low of approx .20%.

6 or 9 month CD's here are yielding on average 2.5 to 3% APY... so... What kind of TERM are you willing to LOCK up your money for to return 4% APY ?
>>

This is to days interest on my main savings account:
(Calculated from NOK to USD at 1USD / 6.2NOK)
Interest: Up to amout:
4,60 % 16129$ (from 0 - 100.000NOK)
5,90 % 80645$ (500.000NOK)
6,35 % 161290$ (1000.000NOK)
6,50 % 161291$ and above (1000.001NOK)

Terms on this savings account is 12 free withdrawals
a year. more than 12 and a 2% withdrawal fee is taken.
the money is not locked, so can be deposited or withdrawn at any time.
The bank is sparebanken hedmark in norway
www.sparebanken-hedmark.no

in topic The Strength of BAY by Johnny Norwood

Re: The Strength of BAY

Tue, 14 Oct 2008 17:14:31 -0700

So, Johnny, let me get this right... you're A-OK factoring for future interest earnings in a depository account, yet fail to account for, or just assume there will be zero share price appreciation, zero income growth, and zero asset growth in the valuation of a public co.

Yep, that's a fair comparison - NOT!

If you need a lesson on NPV or how to properly discount projected future cashflows let me know - there's a few folks that hang around here that would love to edumacate ya'!

BTW, not sure where you live but here in the US of A passbook rates on simple savings accounts are at an all-time low of approx .20%.

6 or 9 month CD's here are yielding on average 2.5 to 3% APY... so... What kind of TERM are you willing to LOCK up your money for to return 4% APY ?

Me thinks 2% is a fair return for the functional equivalent of a bearer instrument.

Food for thought...

Bo ;-)

in topic The Strength of BAY by Bogart Beck

Re: The Strength of BAY

Mon, 13 Oct 2008 23:06:56 -0700

sure, and if they payed out a dividends at this amout each month, you would have a 2% interest on a 2.88L$ share price.
thats very good considering putting the money in the bank instead would give atleast a 4% interest :)

in topic The Strength of BAY by Johnny Norwood

The Strength of BAY

Mon, 13 Oct 2008 01:49:29 -0700

At $3/share, Bay is trading at 6.67 p/e with solid income and a good asset base.
Try and find that on wall street!

in topic The Strength of BAY by Peperi Franizzi

BAY - Brittany Bay Resort - September 2008 Financials - Posted 10/10

Sat, 11 Oct 2008 00:18:29 -0700

BAY - Brittany Bay Resort - September 2008 Financials - Posted 10/10/2008

CEO's Report and Forward Guidance
=================================

BAY Shareholders,

Nothing particularly unusual to report this month - our second full month of operation. I have not made any definative decisions regarding a replacement Board of Directors for the recently vacated positions. Shareholders can expect to have nominations for consideration by end-of-month.

The redevelopment effort on Brittany Bay Resort is progressing well;

The FutSL Stadium is complete,
The Outdoor Amphitheatre has been moved to the NorthWest Corner of the SIM,
and we have added a new tenant, HI-FIve Inc. - an audio-vidual developer.
SL Reports Advertising Bureau has recently re-located to Brittany Bay and can be found just inland on the southwestern quadrant.

This next month I anticipate having the Bo Beck Gallery back on-line displaying Original SL Artwork and RL photography. I also anticipate having our full-line clothing retail shop back online just in time for the holiday shopping season.

Until next month, Blessings!

On to the Financials...

Bogart Beck
BAY Chair & CEO

================================================================================

(SL CapEx: BAY) Brittany Bay Resort - INCOME STATEMENT
PERIOD ENDING 30-Sep-08

Revenue
Consolidated Revenue - Products & Services - (Estate Mgmt, etc) $81,125.00
TOTAL SALES REVENUE $81,125.00

Cost of Sales (or Cost of Goods Sold) GOGS
Sales Commissions Paid on Products and Services $-
Sales Commissions Paid on Sale of Stock $1,509.18
Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $-
(ALL) - Marketing & Advertising Expense (Barbary Group) $138.00
TOTAL COST OF SALES $1,647.18

Gross Profit (Loss) $79,477.82
Gross Margin (%) 97.97%

Operating Expenses
Research & Development (NONE) $-
General and Administrative (Mgmt & Admin Salaries) (NONE) $-
Non Recurring (ONE-TIME) (NONE) $-
Others / Miscellaneous (OFC Furniture, etc.) (NONE) $-
TOTAL OPERATING EXPENSES (NONE) $-

Operating Income or Loss $79,477.82
Operating Margin (%) 97.97%

Other Income from Continuing Operations
Other Income - (LAND SALES) (NONE) $-
Other Income - Dividends Earned (NONE) $-
Interest Earned on DEPOSITS or CD's (Short Term Invest.) (NONE) $-
Misc. Income - CEO Market Maker Commission Earned (N/A) $-
TOTAL OTHER INCOME (NONE) $-
Less Other Expenses (NET) $-

Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $79,477.82
Less Interest Expense (NONE) $-
Less Income Tax Expense (NONE) $-
Less Asset Depreciation (NONE) $-
Less Other Adjustments (NONE) $-

NET INCOME FROM CONTINUING OPERATIONS $79,477.82

Other Non-recurring Events
Less Costs for Discontinued Operations (NONE) $-
Less Asset Impairment (Goodwill write-down) (NONE) $-
Less Effect Of Accounting Changes (NONE) $-
Less Other Items (NONE) $-

NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $79,477.82
% of Revenue 97.97%
Less DISBURSEMENT to Preferred Stock Shareholders $-
% of NIAS 0.00%
Less DIVIDEND to Common Shareholders $-
% of NIAS 0.00%

RETAINED EARNINGS $79,477.82
============================

(SL CapEx: BAY) Brittany Bay Resort - BALANCE SHEET
PERIOD ENDING 30-Sep-08

Assets
Current Assets
Cash And Cash Equivalents (CapEx BTR Balance) $5,000.00
Short Term Invest. (211,566 /Sh SLCX and 3,731 /Sh BTX) (NPV) $67,815.50
Net Receivables (None) $-
Inventory (None) $-
Other Current Assets (None) $-

Total Current Assets $72,815.50
PLUS
Long Term Investments I (SLCX Invest. - 1.0 M /sh) (NPV L$0.25 /sh) $250,000.00
Long Term Investments II (BTX Invest. - 35.0K /sh) (NPV L$4.00 /sh) $140,000.00
Property Plant and Equipment (Hard Assets) (NONE) $-
Intangible Assets (NONE) $-
Goodwill (NONE) $-
Accumulated Amortization (NONE)$-

Total Assets $462,815.50

Liabilities
Current Liabilities
Accounts Payable - Sept Tier - BIG Estates - Due 10/14/2008 to LL $81,125.00
Current Portion Due of Long Term Debt (NONE) $-
Other Current Liabilities (NONE) $-

Total Current Liabilities $81,125.00
PLUS
Long Term Debt (NONE) $-
Other Liabilities (NONE) $-
Deferred Long Term Liability Charges (NONE) $-
Minority Interest (NONE) $-
Negative Goodwill (NONE) $-

Total Liabilities $81,125.00

Stockholders' Equity
Preferred Stock $-
Common Stock - (BAY - 1.5M Shares @ L$0.01 /share PAR Value) $15,000.00
Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $79,477.82
Additional PAID-IN Capital $-
Treasury Stock - (BAY - 500,001 Shares @ L$0.01 /share PAR Value) $5,000.00
Other Stockholder Equity $-
Accumulated Surplus or (Deficit) $282,212.68

Total Stockholder Equity $381,690.50

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $462,815.50
===================================================

CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00

in topic MONTHLY FINANCIAL REPORTS - CEO ONLY! by Bogart Beck

BAY - Brittany Bay Resort - August 2008 Financials - Posted 09/10/20

Wed, 10 Sep 2008 22:23:30 -0700

BAY - Brittany Bay Resort - August 2008 Financials - Posted 09/10/2008

CEO's Report and Forward Guidance
=================================

Shareholders, I am pleased to distribute the First Monthly Financial Report for Brittany Bay Resort - the newest entity in the Bogart Beck Group of Companies.

From an Income Statement standpoint BAY reports a profit for its first month of operation - don't get too excited, BTX Paid the Full-Tier for the BIG Estate SIM that was transferred to BAY as part of the spin-out. BAY is obligated to report that revenue as Income (even though it will pass-through when Tier comes due on 09/14) (Ask an Accountant - it's complicated LOL).

I do regret to inform that I have accepted the resignations of both Kaffe McMahon and Yanik Lytton from their respective positions with BAY and will begin an immediate search for their replacements. On an Interim basis I will step in as CEO in addition to fulfilling my responsibilities as Board Chairman.

Suffice it to say that, given the LL overall economy particularly as it relates to Private Estate occupancy rates, my own inability to dedicate enough time to BAY specifically, both Yanik and Kaffe's time commitments with the NIC and DCTY SIMS, and a general inability amongst us to agree on SIM Marketing strategy it is best for all that we agree to disagree and remain SL freinds versus disgruntled Business Partners. BAY will move forward with a conservative operating plan and revenue expectation.

I am awarding both Kaffe and Yanik 10,000 unrestricted shares each of BAY as compensation for their efforts during our startup phase. Such shares will be EXPENSED on the September BAY Financial Statement pursuant to GAAP. The remaining Directors shares that were awarded to them during the IPO will be returned to BAY's Treasury immediately. I thank them both for their effort!

On to the Financials...

Until next month, Blessings!

Bogart Beck
BAY Chair & Interim CEO

================================================================================

(SL CapEx: BAY) Brittany Bay Resort - INCOME STATEMENT
PERIOD ENDING 31-Aug-08

Revenue
Consolidated Revenue - (Estate Mgmt, etc) $81,125.00
TOTAL SALES REVENUE $81,125.00

Cost of Sales (or Cost of Goods Sold) GOGS
Sales Commissions Paid on Products and Services $-
Sales Commissions Paid on Sale of Stock $3,215.60
Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $-
(ALL) - Marketing & Advertising Expense (Barbary Group) $376.00
TOTAL COST OF SALES $3,591.60

Gross Profit (Loss) $77,533.40
Gross Margin (%) 95.57%

Operating Expenses
Research & Development (NONE) $-
General and Administrative (Mgmt & Admin Salaries) (NONE) $-
Non Recurring (ONE-TIME) (NONE) $-
Others / Miscellaneous (OFC Furniture, etc.) (NONE) $-
TOTAL OPERATING EXPENSES $0.00

Operating Income or Loss $77,533.40
Operating Margin (%) 95.57%

Other Income from Continuing Operations
Other Income - (LAND SALES) $-
Other Income - Dividends Earned $-
Interest Earned on DEPOSITS or CD's (Short Term Invest.) $-
Misc. Income - CEO Market Maker Commission Earned (N/A) $-
TOTAL OTHER INCOME $0.00

Less Other Expenses (NET) $-

Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $77,533.40
Less Interest Expense $-
Less Income Tax Expense $-
Less Asset Depreciation $-
Less Other Adjustments $-

NET INCOME FROM CONTINUING OPERATIONS $77,533.40

Other Non-recurring Events
Less Costs for Discontinued Operations $-
Less Asset Impairment (Goodwill write-down - None) $-
Less Effect Of Accounting Changes $-
Less Other Items $-

NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $77,533.40
% of Revenue 95.57%
Less DISBURSEMENT to Preferred Stock Shareholders $-
% of NIAS 0.00%
Less DIVIDEND to Common Shareholders $-
% of NIAS 0.00%

RETAINED EARNINGS $77,533.40
============================

(SL CapEx: BAY) Brittany Bay Resort - BALANCE SHEET
PERIOD ENDING 31-Aug-08

Assets

Current Assets
Cash And Cash Equivalents (CapEx BAY Balance) $11,533.75
Short Term Invest. (None) $-
Net Receivables (None) $-
Inventory (None) $-
Other Current Assets (None) $-

Total Current Assets $11,533.75
PLUS
Long Term Investments I (BIG Investment - 50,001 shares) (NPV) $273,505.47
Long Term Investments II (BTX Investment - 33,501 shares) (NPV) $174,540.21
Long Term Investments III (DCTY Investment - 10,001 shares) (NPV) $33,503.35
Long Term Investments IV (NIC Investment - 120,001 shares) (NPV) $36,400.91
Property Plant and Equipment (Hard Assets) - NONE $-
Intangible Assets - NONE $-
Goodwill - NONE $-
Accumulated Amortization - NONE $-

Total Assets $529,483.69

Liabilities
Current Liabilities
Accounts Payable - Sept Tier - BIG Estates - Due 09/14/2008 to LL $81,125.00
Current Portion Due of Long Term Debt - NONE $-
Other Current Liabilities - NONE $-

Total Current Liabilities $81,125.00
PLUS
Long Term Debt - NONE $-
Other Liabilities - NONE $-
Deferred Long Term Liability Charges - NONE $-
Minority Interest - NONE $-
Negative Goodwill - NONE $-

Total Liabilities $81,125.00

Stockholders' Equity
Preferred Stock $-
Common Stock - (BAY - 1.680 M Shares @ L$0.01 /share PAR Value) $16,800.00
Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $77,533.40
Additional PAID-IN Capital $-
Treasury Stock - (BAY - 320,000 Shares @ L$0.01 /share PAR Value) $3,200.00
Capital Surplus $-
Other Stockholder Equity $350,825.29

Total Stockholder Equity $448,358.69

TOTAL LIABILITIES & SHAREHOLDERS EQUITY $529,483.69
====================================================
CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00

in topic MONTHLY FINANCIAL REPORTS - CEO ONLY! by Bogart Beck

Bogart Beck Disclosure & Holdings Statement as of 09/01/2008

Mon, 01 Sep 2008 10:32:25 -0700

Bogart Beck Disclosure & Holdings Statement as of 09/01/2008

Update & Holdings Disclosure for Period Ending 08/31/2008 11:59PM SLT - Bo Beck

I will be working on the August Financial Statements for BAY, BIG, BTR and SLCX this week and expect to post them no later than Sunday, September 07, 2008.

Avatar Cash Balance L$654,873

SL CapEx CASH Equivalents ($Linden)
===================================
1 - BAY - Brittany Bay Resorts $11,533.75
2 - BIG - Beck Investment Group $11,769.00
3 - BTX - Beck Technical Research II $10,000.00
Bogart Beck Main $97.75
JT Investment Fund $0
SL CapEx Fraud Fund $10,238.52
SL CapEx GP $0
SL CapEx LongTerm Investments $0
Trustee Account - Bo Beck $0

PERSONAL HOLDINGS:
==================
BAY - Brittany Bay Resorts - 1,000,001 Shares $4,560,004.56 NPV
BIG - Beck Investment Group - 1,000,001 Shares $5,470,005.47 NPV
BTX - Beck Technical Research II - 1,000,001 Shares $5,210,005.21 NPV
NIC - Nestler Investment Corp. - 1,000,001 Shares $910,000.91 NPV
SLCX - SL Capital Exchange - 8,345,001 Shares $1,669,000.20 NPV

1 - BAY - Brittany Bay Resorts
==============================
BAY - Brittany Bay Resorts - 320,001 Shares $1,459,204.56 NPV
BIG - Beck Investment Group - 50,001 Shares $273,505.47 NPV
BTX - Beck Technical Research II - 33,501 Shares $174,540.21
DCTY - DreamCities.net - 10,001 Shares $33,503.35 NPV
NIC - Nestler Investment Corp. - 40,001 Shares $36,400.91 NPV

2 - BIG - Beck Investment Group
===============================
BIG - Beck Investment Group - 500,001 Shares $2,735,005.47 NPV
BTX - Beck Technical Research II - 100,001 Shares $521,005.21 NPV
MECH - Riot Mechs - 25,001 Shares $6,500.26 NPV
NIC - Nestler Investment Corp - 150,001 Shares $136,500.91 NPV
SLR - SL Reports - 150,001 Shares $97,500.65 NPV
SLW - SLWallet.com - 950,001 Shares $161,500.17 NPV
VBL - Verballis Translation Svc's - 8,501 Shares $48,795.74 NPV

3 - BTX - Beck Technical Research II
====================================
BAY - Brittany Bay Resorts - 100,001 Shares $456,004.56 NPV
BIG - Beck Investment Group - 100,001 Shares $547,005.47 NPV
BTX - Beck Technical Research II - 500,001 Shares $2,605,005.21 NPV
DCTY - DreamCities.net - 100,001 Shares $335,003.35 NPV

JT Investment Fund
==================
MECH - Riot Mechs - 90,001 Shares $23,400.26 NPV
WPM - Wise Property Management - 100,001 Shares $65,000.65 NPV

SL CapEx Fraud Fund
===================
HBK - [ hoorenbeek ] - 50,001 Shares $38,000.76 NPV
KDC - Karlfeldt & Delgado Capital - 50,001 Shares $32,000.64 NPV
MECH - Riot Mechs - 60,001 Shares $15,600.26 NPV
SLCX - SL CapEx - 20,001 Shares $4,000.20 NPV
SLR - SL Reports - 50,001 Shares $32,500.65 NPV
SLW - SLWallet.com - 1,250,001 Shares $212,500.17 NPV

SL CapEx GP
===========
NIC - Nestler Investment Corp - 118,001 Shares $107,380.91 NPV
SLW - SLWallet.com - 3,192,501 Shares $542,725.17 NPV

SL CapEx LongTerm Investments
=============================
SLW - SLWallet.com - 750,001 Shares $127,500.17 NPV
WPM - Wise Property Management - 100,001 Shares $65,000.65 NPV

Trustee Account - Bo Beck
=========================
Zero Shares Held at this time.

in topic WEEKLY UPDATE - For CEO Posting ONLY! by Bogart Beck

Re: CEO Q&A - Questions for CEO HERE Please

Fri, 01 Aug 2008 12:19:38 -0700

This is an exciting time as we launch BAY. I would enjoy giving anyone a personal tour of the Resort and to discuss how we can help you find the perfect place to drop anchor in your Second Life. I will do my best to serve you and the community and look forward to this new venture.

in topic CEO Q&A - Questions for CEO HERE Please by Kaffe McMahon

CEO Q&A - Questions for CEO HERE Please

Fri, 01 Aug 2008 12:04:53 -0700

BAY - Brittany Bay Resorts Q&A - Questions for CEO HERE Please

Please Post any Direct Questions you may have for Kaffe McMahon or Bogart Beck in re; BAY in this Section.

We'll try to answer questions posted here within 24 hours where possible.

Thx,

Bo Beck

in topic CEO Q&A - Questions for CEO HERE Please by Bogart Beck

Re: WEEKLY UPDATE - For CEO Posting ONLY!

Fri, 01 Aug 2008 11:39:41 -0700

Jul 8th, 01:21 BTR Beck Technical Research
by Bogart Beck

Beck Technical Research (BTR) Board Approves Resolution - 07/08/2008
============================================================

To our Shareholders and other interested parties,

I've mentioned recently in the BTR Financial Statements for both May and June 2008 that the Board of Directors of BTR has been considering various structural options for moving BTR forward and unlocking Asset value for our shareholders.

To that end I am pleased to report this morning that the BTR Board of Directors have unanimously APPROVED a Resolution to "spin out" our recent SIM Development effort (BIG Estate) into its own publicly-traded entity.

As we have done previously with BBX:BIG/BTR, this transaction has been proposed as a technical Reverse-Merger of BTR wherein the asset base of BTR is to be seperated into two seperate asset classes with such assets being divided into two NEW surviving entities whose COMBINED VALUE EQUALS the current BTR Asset valuation. I, and the Board of Directors are confident that the resulting corporate structure would be poised to perform BETTER in the SL Capital Markets than BTR would likely accomplish on its own.

This specific strategy is consistent with the objectives that were outlined in the BTR Prospectus and Strategic Plan articulated when the BBX:BIG/BTR split was consumated at year end. Folks that may be interested in BTR's strategies can find them at the following URL http://www.slcapex.com/symbol/BTR/profile

BIG Estate has been successfully incubated and is now fully-baked and is finally ready to stand on its own with its own Brand Identity and Management Team! As such, I am VERY pleased to announce that BTR's Board has nominated Ms. Kaffe McMahon to serve as Chief Executive Officer of the NEW Entity. Ms. McMahon is a well-respected SL innovator with a quantifiable track record of successful Estate Management and SL Event Marketing - attributes that are critical to the success of any SIM Operation. Ms. McMahon will formally join our team immediately upon completion of the Reverse-Merger - tentatively scheduled to close by July Month-End. In the interim Kaffe is working with us on a contract consultative basis to make certain that we enter the market with momentum and all oars in the water.

I am also VERY pleased to announce that Ms. Yanik Lytton has been nominated to serve as the NEW entity's inaugural Independent Director. At present Ms. Lytton serves on the Board of Directors of Nestler Investment Corp. (NIC) and Dreamcities.net (DCTY). It is indeed no accident that I chose to locate our SIM within the same Estate that both NIC's and DCTY's SIMS are located. Ms. Lyttons input regarding Estate continuity and operational oversight will be invaluable assets to us as we move forward.

Tentatively, the NEW Entity has been proposed to be named "Barbary Shores Association" and is anticipated to commence trading on the SL Capital Exchange as (BAR) by month-end. I have appended the BTR Board of Directors Resolution to the bottom of this press release and will post it in the BTR Forum for review and comment by our shareholders. As always, should you have any questions regarding BTR or this Resolution please do not hesitate to drop me a note in-world or via GMail Bogart.Beck@Gmail.com - I look forward to your input and comments!

Respectfully,

Bo Beck
BTR CEO

================================================================================

from: Bogart Beck

to: Steve Smith ,
Kubi Beam ,
kaffemcmahom ,
Yanik Lytton ,
Scott Nestler

date: Jul 6, 2008 3:01 PM

subject: BOD Resolution for Reverse-Merger of BTR...

Travis,

When you get a chance please review the BTR Fiancials and Forward Guidance for this month (posted very early this AM at http://www.slcapex.com/home/story/BTR/1809 ).

I talked with Kubi this afternoon (chat log appended below) and have his approval to move forward with the first BTR Spinout pursuant to the Prospectus and strategic plan.

As a Boardmember I'd like your concurance on the following items before we move forward, as follows;

(1) Board Resolution Approving Reverse Merger of BTR into (2) Seperate Tracking Stocks
(A) BTR ticker change to BTX (to allow Prospectus to be updated to remove the FIXED Income/Preferred Share description (comply w/ LL Guaranteed ROI ban).
(B) NEWCO to be named Barbary Shores Association with a Ticker of "BAR" and thereafter authorized for Trading on the SL CapEx common Market system.
(1) Current BTR SIM (BIG Estates) to be re-named Barbary Shores
(2) Said SIM (Barbary Shores) will be continue to be part of the Barbary Coast Estate jointly managed by NIC, DCTY & BAR

(2) Reverse-Merger Share Allocation
(A) Issue (1) NEW share of BAR for each BTR share to BTR shareholders of record at closing (Estimated to be 07/31 or thereabouts)
(B) PLUS, Issue (1) NEW share of BTX for each BTR share to BTR shareholders of record at closing (BTR Shares then to be RETIRED).

(3) Reverse-Merger Valuation
(A) At the time of this writing BTR trades on average in a range between L$4.93 and L$5.35 per share (approximate 30 day moving average)
(B) Board to Authorize valuation of each of the new entities at approximately L$2.50 (+/-) 1/1:1 valuation thus preserving current shareholders investment.
(C) There shall be no immediate change in the % of shares held by Founder Bo Beck in either surviving entity (a simple voting majority of 50% + 1 share in each co.)
(D) There shall be no immediate change in the % of shares held in each surviving entity's Treasury EXCEPT as described in Article (5) (COMPENSATION) below.

(4) Board of Directors and Executive Appointments as follows;
(A) There will be NO Change to the BTR(BTX) Board make-up
(1) Bo Beck, Chairman, CEO
(2) Travis Ristow, Outside Director
(3) Kubi Beam, Outside Director
(B) The incumbant BTR/BTX Board shall approve nomination of the following parties for BAR Board and Executive Team to serve a (1) yr renewable term as defined in the current Charter (with a minimum of (1) Outside Director);
(1) Bo Beck, Chairman
(2) Kaffe McMahon, CEO, Director
(3) Yanik Lytton, Outside Director

(5) Board of Directors And Executive Compenation as follows;
(A) There shall be no change to the current compensation plan for BTR/BTX (ALL Officers sole compensation is via Dividend Distribution or Capital Gain Sale of shares personally held in the co)
(B) For valuable consideration and performance of duties as assigned by the Board of Directors of BAR the Chief Executive Oficer (CEO) shall be issued the following share GRANTS (from BAR Treasury).
(1) 100,000 RESTRICTED shares of BAR Common Stock. Said shares may NOT be liquidated for a period of (6) Months from acceptance of the position of CEO, and in no event earlier than 01/01/2009.
(a). In the event CEO resigns or otherwise vacates the position prior to 01/01/2009 ALL RESTRICTED shares shall be FORFEITED and returned to the Corporate Treasury).
(2) 100,000 Unrestricted shares of BAR Common Stock. Said shares may be tendered for Sale in any manner the CEO desires provided such Sale does NOT adversely affect the 30 day moving average of BAR).
(C) For valuable consideration and performance of duties as assigned by the Board of Directors of BAR the Outside Director (Independant BoardMember) shall be issued the following share GRANTS (from BAR Treasury).
(1) 100,000 RESTRICTED shares of BAR Common Stock. Said shares may NOT be liquidated for a period of (6) Months from acceptance of the position of Director, and in no event earlier than 01/01/2009.
(a). In the event said BoardMember resigns or otherwise vacates the position prior to 01/01/2009 ALL RESTRICTED shares shall be FORFEITED and returned to the Corporate Treasury).
(2) 100,000 Unrestricted shares of BAR Common Stock. Said shares may be tendered for Sale in any manner the Director desires provided such Sale does NOT adversely affect the 30 day moving average of BAR).

(6) Officer Roles & Reponsibilities
(A) There shall be no change to the previously defined Roles and Responsibilities for BTR/BTX Officers.
(B) Barbary Shores Association Officer Responsibilities shall be defined as follows;
(1) Chairman (Bo Beck) - Shall be responsible for strategic oversight of BAR including but not limited to Corporate Compliance, Financial Reporting and Shareholder advocacy.
(2) Outside Director (Yanik Lytton) - Shall serve as an independant advisor to the Chairman and Chief Executive Officer providing input on matters of strategic interest to the company including the following;
(a). Dividend Distribution
(b). Employee Compensation
(c). Strategic Direction
(d). Investor Relations
(e). Corporate Communication
(3) Chief Executive Officer (Kaffe McMahon) - Shall serve at the discretion of the Board of Directors and shall be responsible for the day-to-day tactical operation of the company including the following;
(a). Revenue and Income attainment including Rental pricing and Cost containment.
(b). SIM Occupancy and tenant relations.
(c). Marketing and Advertising (at budgetary levels not to exceed those authorized by the Board of Directors)
(d). Event Coordination as necessary to achieve targets (a), (b), and (c) above.
(e). Corporate Communication consistent with the BAR Board of Directors message including regular posting on the SL CapEx Forums and other communication means (e-mail, notecards, etc.).

(7) Finally, The BTR/BTX Board of Director shall approve acquisition of a NEW SIM and Development of its NEXT Project (a SPORTS & ENTERTAINMENT SIM currently under development independently)
(A). Said SIM is currently a Nestler Investment Co (NIC) excess inventory SIM - it will be re-located to the Barbary Coast Estate for inclusion in the NIC/DCTY/BAR/BTR confederation.
(B). BTX shall be authorized to commence Tier Payments on said SIM (name TBD) beginning September 15, 2008. NIC has agreed to pay all Tier on the SIM until September 15, 2008.
(C). BTX shall be authorized to co-develop the SPORTS Theme with a CONFIDENTIAL Third-Party in Exchange for Cash and/or Shares in BTX as reasonably necessary to complete the project nearterm.

Travis, Kubi, as always, THANK YOU for your participation and guidance regarding both BIG abd BTR. I am confident that the Resolutions described above are attainable and represent the best course of action at this time for BTR.

Please do not hesitate to contact me directly in world or via GMail (bogart.beck@gmail.com) should you have any questions regarding this communique. I'll hold this matter open until I've received comment from you both.

Again, thanks!

Bo Beck
BTR CEO

in topic WEEKLY UPDATE - For CEO Posting ONLY! by Bogart Beck

Re: MONTHLY FINANCIAL REPORTS - CEO ONLY!

Fri, 01 Aug 2008 11:29:56 -0700

Brittany Bay Resorts commenced trading 08/01/2008. Its first Monthly Report will be due by 09/10/2008 for the reporting period August 1, 2008 through August 31, 2008.

in topic MONTHLY FINANCIAL REPORTS - CEO ONLY! by Bogart Beck

MONTHLY FINANCIAL REPORTS - CEO ONLY!

Fri, 01 Aug 2008 11:29:16 -0700

This Forum Section is RESERVED for CEO Posting Only.

Readers will find the Monthly Income Statement and Balance Sheet Posted in this Section pursuant to SL Capex Policy.

in topic MONTHLY FINANCIAL REPORTS - CEO ONLY! by Bogart Beck

Prospectus for Brittany Bay Resorts (BAY) 08/01/2008

Fri, 01 Aug 2008 11:15:08 -0700

Prospectus for Brittany Bay Resorts (BAY) 08/01/2008

Stock Symbol - BAY

Company Name - Brittany Bay Resorts

Company Tagline - Lush Landscapes for Luxurious Living

CEO's Real Life Name - Don Roudebush (SL: Bogart Beck)

CEO's Real Life Location - Sacramento, CA USA

Board of Directors

The BAY Board of Directors shall be comprised of, at minimum, three (3) persons, nominated annually, with each person to serve a one year term to run concurrent with the BAY Fiscal Year (Jan. 1 - Dec. 31).

Note: BAY commenced trading as a public company on 08/01/2008 and thus will operate on a pro-rated term basis through 12/31/2008. A full-term BOD will be nominated and ratified for Fiscal Year 2009 and thereafter at the annual BAY Shareholders meeting as specified below.

At minimum, One (1) Board Member shall be a bona fide INDEPENDENT OUTSIDE DIRECTOR. (ie; having no direct responsibility for the day-to-day operation of BAY).

BAY Annual Shareholder Meeting, typically convened in early December of each year, or, at any other time as may be deemed appropriate and necessary by the Board of Directors at its sole discretion.

At formation, the Board of Directors is as follows;

Chairman of the Board:
Bogart Beck, Founder

Chief Executive Officer and Boardmember:
Kaffe McMahon

Outside Directors:
Yanik Lytton, SL Entrepreneur

Total Shares to Create
2,000,000

Opening Price
2.49

Land owned
65535

Monthly Expenses
81,125 (Tier)

Name for Chairman's Letter
Still Keeping it REAL...

Chairman's Letter

Foremost, thank you for taking an interest in the SL Capital Markets, and specifically for investigating the latesest Beck entity - Brittany Bay Resorts (SL CapEx: BAY).

Investment in SL-based businesses can be a very FUN and EDUCATIONAL endeavor. The SL Economic Model has proven itself to be a realistic and resilient engine for many of us that spend considerable time here. Some are even able to derive real-world income from entrepreneurial pursuits within this fascinating environment.

Please accept the following broad caution as my personal gesture of goodwill to you - a potential friend and perhaps an investment partner;

(a) it's NOT easy - success here requires integrity, hard work, due diligence, and boundless determination.

(b) it's NOT risk-free - just like real-life, there are both winners and losers in this complex simulation.

Please, don't put at risk in your Second Life(tm) anything you can't afford to lose in your First Life (real), whether that's money, relationships, quality of life or any other RL metric.

AXIOM: (SL < RL) ALWAYS.

Regardless, I sincerely wish you good fortune in whatever compels you here.

Bogart Beck
BAY Founder

Business Overview

Brittany Bay Resorts (SL CapEx: BAY) is a publicly-traded SIM Development and Property Management entity operating exclusively within the Second Life(tm) Ecosystem.

The Brittany Bay Resort is a mixed-use, Master-Planned Residential and Commercial/Retail SIM located on the Western Shoreline of the Barbary Coast Estates confederation of Nestler, Beck and Lytton.

The (BAY) SIM offers attractive, high-quality pre-fabricated housing and storefronts with generous PRIM allowances and convenient access to adjacent properties via tree-lined walkways and waterways.

The (BAY) Covenant philosophy is quite simple - NO STRESS, NO HASSLES, NO PROBLEMS!

Ours is a quiet Estate where you can leave the standard fare SL DRAMA behind and just relax and enjoy good company, beautiful beachfronts and sensational SL sunsets.

Looking for fine SL living and worry-free Estate Management policies? Check us out first - you won't be disappointed!

Business Strategy

MODIFIED REPRINT: Beck Technical Research (BTR) Board Approves SPIN-OUT Resolution - 07/08/2008

You may review the Full Board Resolution in the SL CapEx Forums at the following URL

http://www.slcapex.com/home/story/BTR/1811

To our Shareholders and other interested parties,

I've mentioned recently in the BTR Financial Statements for both May and June 2008 that the Board of Directors of BTR has been considering various structural options for moving BTR forward and unlocking Asset value for our shareholders.

To that end I am pleased to report this morning that the BTR Board of Directors have unanimously APPROVED a Resolution to "spin out" our recent SIM Development effort (BIG Estate) into its own publicly-traded entity.

07/31/2008 NOTE: BIG Estate to be RENAMED Brittany Bay Resort immediately effective at completion of the BTR REVERSE-MERGER.

As we have done previously with BBX:BIG/BTR, this transaction has been proposed as a technical Reverse-Merger of BTR wherein the asset base of BTR is to be seperated into two seperate asset classes with such assets being divided into two NEW surviving entities whose COMBINED VALUE EQUALS the current BTR Asset valuation. I, and the Board of Directors are confident that the resulting corporate structure would be poised to perform BETTER in the SL Capital Markets than BTR would likely accomplish on its own.

This specific strategy is consistent with the objectives that were outlined in the BTR Prospectus and Strategic Plan articulated when the BBX:BIG/BTR split was consumated at year end. Folks that may be interested in BTR's strategies can find them at the following URL

http://www.slcapex.com/symbol/BTR/profile

BIG Estate (now Brittany Bay Resort) has been successfully incubated and is now fully-baked and is finally ready to stand on its own with its own Brand Identity and Management Team!

As such, I am VERY pleased to announce that BTR's Board has nominated Ms. Kaffe McMahon to serve as Chief Executive Officer of the NEW Entity. Ms. McMahon is a well-respected SL innovator with a quantifiable track record of successful Estate Management and SL Event Marketing - attributes that are critical to the success of any SIM Operation. Ms. McMahon will formally join our team immediately upon completion of the Reverse-Merger - tentatively scheduled to close by July Month-End.

In the interim Kaffe is working with us on a contract consultative basis to make certain that we enter the market with momentum and all oars in the water.

I am also VERY pleased to announce that Ms. Yanik Lytton has been nominated to serve as the NEW entity's inaugural Independent Director. At present Ms. Lytton serves on the Board of Directors of Nestler Investment Corp. (NIC) and Dreamcities.net (DCTY). It is indeed no accident that I chose to locate our SIM within the same Estate that both NIC's and DCTY's SIMS are located.

Ms. Lyttons input regarding Estate continuity and operational oversight will be invaluable assets to us as we move forward.

Business Strengths

Clearly our greatest Strength is the PEOPLE who have either engaged with us as Board Members, as our Investors or as part of the talent pool. It equally takes all three to form, fund and finish an idea.

We have been very fortunate to have found the gaggle of geeks (myself included) that frequent SL CapEx. In RL I've been involved in either Technology Development or Product Marketing for over 25 years. In that time I have rarely encountered a more dedicated, engaged and enthused group of individuals.

Collectively, I believe this cooperative represents the Best and Brightest SL has to offer. Organizationally, we will consciously and conspicuously seek to leverage that fellowship and camaraderie every day. BRING IT!

Use of Capital

NOTE: Revised 08/01/2008 to comply with LL's prohibition of "Guaranteed rate of return" financial products within SL.

Tactically, our hope is to develop a product pipeline that allows us launch a new concept once per quarter. This goal is aggressive and requires TALENT, TECHNOLOGY and TIMING. To even marginally achieve that audacious goal we'll need GREAT PEOPLE, GREAT IDEAS, good fortune and a WHOLE BUNCH OF CAPITAL.

Philosophically, we believe that EACH PRODUCT SUITE must STAND ON ITS OWN MERIT. Specifically, we require our Product Teams and entities to be SELF-SUSTAINING, and where necessary RAISE THEIR OWN DEVELOPMENT CAPITAL versus simply cannibalizing the profits of other revenue streams in the BAY/BIG/BTX family corporate coffers. This accomplishes two goals;

(a) It gives our Officers EXPERIENCE in the SL capital market environment. In terms of negotiation and effectively communicating with potential investors there is no better test than a Trial by Fire. Each entity is required to draft and publish a Prospectus, a complete Product Desciption and a Marketing Plan at formation, not as an afterthought just prior to commercial launch.

(b) Each entity is required to produce and publish GAAP-compliant Financial Statements on a monthly basis pursuant to the SL Capital Exchange listing policies.

On a per-venture basis, Capital raised in the formation stage of each project will be used primarily as follows;

(a) to perfect the underlying intellectual property,
(b) to compensate the Product Management and Executive Team,
(c) to develop and communicate the Product Launch campaign and ongoing Marketing effort.
(d) to pay other general operating expenses such as tier fees, etc. where required.

From a corporate and fiscal oversight standpoint, all BAY/BIG/BTR entities produce Monthly pro forma Financial Statements and communicate with the SL CapEx community in a manner that conforms 100% with Exchange policy and community standards. We believe this transparency to be critical for the longterm sustainability of each development effort. Competence breeds confidence.

Risk Factors

Capital Investment both in real-life and Second Life(tm) is fundamentally all about MANAGING RISK and is primarily about balancing the risk versus reward scenario. In any Investment opportunity there may be SUBSTANTIAL RISKS which must be thoroughly and diligently considered.

Specific to SL CapEx-based Investment REGARDLESS of whether you consider this activity to be simply STOCK MARKET GAME PLAY, an ECONOMIC SIMULATION, a TOY ECONOMY or a bona fide investment opportunity I implore you to familiarize yourself with both the Linden Lab Terms of Service (TOS) and the
SL Capital Exchange Terms of Service (TOS) contained at the following links; (these be the basic rules)

Linden Lab TOS: http://secondlife.com/corporate/tos.php
SL CapEx TOS: http://www.slcapex.com/content/info

TO BE CRYSTAL CLEAR: YOU COULD LOSE SOME OR ALL OF YOUR SL CAPITAL INVESTMENT! ($L's)

Prior to considering any investment one must identify, analyze and mitigate risk at both a macro-level (example; governmental, regulatory, operating environment, et al) and at an enterprise or micro-level
(ie; company, competition, etc.). Additionally, the potential risks must be considered from both an internal (controllable) and external (no control) standpoint. We have diligently considered the following potential risks;

MACRO-LEVEL: There has been community discussion within the last year as to whether (or when) governmental agencies might intervene within the SL Financial community from a regulatory or legislative standpoint. This is an external risk over which we have no control.

There has also been debate and dialogue regarding Linden Lab's support and ongoing administrative control over the unit of measure commonly called $Lindens on several fronts, including;

(a) CONVERSION of $Lindens to a LEGAL TENDER CURRENCY and the potential tax consequences thereof. Here, too, we have no control or authority. Players ar encouraged to seek their own counsel regarding any potential tax consequences in their local jurisdiction.

(b) Linden Lab's ability to MAINTAIN a STABLE ECONOMY as measured by the EXCHANGE RATE of $Lindens to US Dollars, the availability and pricing of virtual Real Estate within the SL environment, and various other user experience metrics as are published from time-to-time by LL and others.

Regardless of LL's apparent unwillingness to acknowledge its role as the CENTRAL BANKING AUTHORITY and MONETARY POLICY ADMINISTRATOR within SL, they DO CONTROL the $L:$US conversion rate and thus have totalitarian authority and sphere of influence over the $Linden Unit of Measure and its trade value within the overall SL Economy.

We additionally have little direct control over the SL technical environment or the innovations and feature sets it supports. Our OPPORTUNITY is in finding unique ways to thrive and survive within and adjacent to the boundaries of the SL Metaverse.

MICRO/ENTERPRISE-LEVEL: The majority of our internal risks are directly related to our ability to articulate and execute viable business strategies, and our ability to successfully develop and deploy technologies that add value within the SL community.

Innovation within the SL community is MARGINALLY DEFENSIBLE from a competitive standpoint. Most successful SL product concepts are mimicked and/or improved upon by others rather rapidly. Creative Marketing strategies and ontinual product and process improvement is required to attain or maintain any level of competitive advantage within SL.

A portion of our Intellectual Property portfolio may be defensible from either a Copyright(C), Trademark(tm) or Patent standpoint. While we can make no claim as to the longterm sustainability of such competitive position we do intend to vigorously protect such rights where practical and economically viable.

Management

As mentioned briefly elsewhere herein, the success or failure of any venture can generally be laid at the feet of its leadership. In considering the appropriate experience level and business accumen required of this venture it was very clear early-on in the formation process that the dynamics and chemistry between myself and the personnel that have helped launch the Barbary Coast Estate Confederation were ideal for managing the BAY value proposition...

As such, I am VERY pleased to announce that BTR's Board has nominated Ms. Kaffe McMahon to serve as Chief Executive Officer of the NEW Entity. Ms. McMahon is a well-respected SL innovator with a quantifiable track record of successful Estate Management and SL Event Marketing - attributes that are critical to the success of any SIM Operation. Ms. McMahon will formally join our team immediately upon completion of the Reverse-Merger - tentatively scheduled to close by July Month-End.

In the interim Kaffe is working with us on a contract consultative basis to make certain that we enter the market with momentum and all oars in the water.

I am also VERY pleased to announce that Ms. Yanik Lytton has been nominated to serve as the NEW entity's inaugural Independent Director. At present Ms. Lytton serves on the Board of Directors of Nestler Investment Corp. (NIC) and Dreamcities.net (DCTY). It is indeed no accident that I chose to locate our SIM within the same Estate that both NIC's and DCTY's SIMS are located.

Ms. Lyttons input regarding Estate continuity and operational oversight will be invaluable assets to us as we move forward.

ALL of the BAY Officers are COMPENSATED SOLELY via EQUITY PARTICIPATION in Brittany Bay Resorts Public Shares. Our results are DIRECTLY COMMENSURATE with the results we achieve on behalf of our SHAREHOLDERS. A Win-Win proposition.

in topic WEEKLY UPDATE - For CEO Posting ONLY! by Bogart Beck

WEEKLY UPDATE - For CEO Posting ONLY!

Fri, 01 Aug 2008 11:12:53 -0700

This Forum Section is Reserved for OFFICIAL COMPANY UPDATES.

Please, CEO Posts ONLY!

in topic WEEKLY UPDATE - For CEO Posting ONLY! by Bogart Beck

DIVIDEND POLICY -; For CEO Posting ONLY!

Fri, 01 Aug 2008 11:12:07 -0700

This Forum Section is Reserved for DIVIDEND POLICY Posts.

Please, CEO Posts Only.

in topic DIVIDEND POLICY - For CEO Posting ONLY! by Bogart Beck