http://slcapex.com/forums/topic/general/1282 In forum General Investment Discussion en-us Mon, 06 Sep 2010 04:24:25 -0700 Mon, 06 Sep 2010 04:24:25 -0700 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/general/1282 Since it is impossible to do so it seems that the banks have to find a way to survive beyond this deathline. Perhaps a temporary change to another form would do the trick (a real estate company for instance) at least until the matter at hand is more clearly defined. Instead of interest payments they could offer their clients particepation in land ownership. Certainly this would take a lot of work but the company would have a fighting chance and prevents that it will be completely terminated.

in topic Can JT Financial seek an injunction? by Isegrim Nikolaidis ]]> Wed, 09 Jan 2008 12:25:22 -0800 http://slcapex.com/forums/topic/general/1282/7384 http://slcapex.com/forums/topic/general/1282
I cant imagine any court ruling agains the Lindens on this one. LL is the owner of this game and in their term and conditions they clearly state they can make whatever changes whenever. On top of that L$'s are a fictional currency (*cough*)so really any business on SL does not have any monetary value.

We know this is not really the case but......

For me it is just a sad story all around - it is not just 'a few bad apples' there are alot of banks out there who cant honor their commitment.

The problem is as long as Lindens are xchangeable for US dollars in an unregulated economy there are going to be people out there scamming and defrauding people. I thought SL was suposed to be about having fun, creativity, metting people and most importantly getting away from reality! People losing thousands of USD's and and people nvesting paycheques in SL. What hapened to the fun? As long as Lindens are linked to USD there is always going to be this id of stuff happening. Maybe if we had an in world only currency not linked to real dollars we could get back to the business of having a good time in sl :)



in topic Can JT Financial seek an injunction? by Ivan Halfpint ]]> Wed, 09 Jan 2008 12:08:58 -0800 http://slcapex.com/forums/topic/general/1282/7378 http://slcapex.com/forums/topic/general/1282
in topic Can JT Financial seek an injunction? by Isegrim Nikolaidis ]]> Wed, 09 Jan 2008 11:36:30 -0800 http://slcapex.com/forums/topic/general/1282/7370 http://slcapex.com/forums/topic/general/1282
tried to get an lisence for the privat bank i run in SL, NO WAY, oke it can be done,but takes several weeks to clear all the forms, cost are far to high. Not mentioning the lunches i have to pay to dig in :)

I sure hope JT can out live this, like all the other honest sl banks

at least one bank is closing. 21 of this month is the end of the our story, cash is there to refund all the customers (poor RL wallet)

with regards Thoms

in topic Can JT Financial seek an injunction? by Thoms Vansant ]]> Wed, 09 Jan 2008 07:38:37 -0800 http://slcapex.com/forums/topic/general/1282/7333 http://slcapex.com/forums/topic/general/1282
Could it be that they will be doing the same as they did on the gambling ban : strike down hard and then loosen up later on?

If that were the case - and I know I'm making assumptions here - this new policy could be designed to shake the tree violently and everything that falls off and disappears is a benefit. The few that survive would merge or acquire the others until two or three financial corporations remain over which LL has some control or information.

Clearly becoming a RL bank is out of the question for anyone in SL, unless you are indeed backed by a RL bank - something that will never happen before January 22nd 2008, which LL definitely knows.

in topic Can JT Financial seek an injunction? by Servme Nakamura ]]> Wed, 09 Jan 2008 06:07:22 -0800 http://slcapex.com/forums/topic/general/1282/7320 http://slcapex.com/forums/topic/general/1282
"Do you guys realize that no institute will offer a license with the anonymity of SL and any banking institute that does business in SL will lose their license? By law, the person must have adequate information on their customer as provided by the Patriot Act and the Fair Credit Reporting act. You are requesting something that cannot be provided. No banking institution can operate in SL because it would require them to gain RL information about customers which is supposed to be against your TOS. Had you guys thought about that before?

I am currently a pending credit union that was supposed to open RL in September 2008 but there is no way we will get our license not because we are dependent upon SL when we were not going to be by September. I would advise you guys to really rethink what you are asking people. My banking system alone cost my around $10,000 USD. Who pays me my money back?? You have punished the legitimate people for a few bad apples."

in topic Can JT Financial seek an injunction? by Lindsay Druart ]]> Wed, 09 Jan 2008 05:58:17 -0800 http://slcapex.com/forums/topic/general/1282/7319 http://slcapex.com/forums/topic/general/1282
in topic Can JT Financial seek an injunction? by Servme Nakamura ]]> Wed, 09 Jan 2008 03:17:51 -0800 http://slcapex.com/forums/topic/general/1282/7308 http://slcapex.com/forums/topic/general/1282
http://www.bank-license.cx/

in topic Can JT Financial seek an injunction? by Cash Yiyuan ]]> Tue, 08 Jan 2008 23:42:09 -0800 http://slcapex.com/forums/topic/general/1282/7293 http://slcapex.com/forums/topic/general/1282
in topic Can JT Financial seek an injunction? by Lindsay Druart ]]> Tue, 08 Jan 2008 23:20:20 -0800 http://slcapex.com/forums/topic/general/1282/7291 http://slcapex.com/forums/topic/general/1282
in topic Can JT Financial seek an injunction? by Lindsay Druart ]]> Tue, 08 Jan 2008 23:16:50 -0800 http://slcapex.com/forums/topic/general/1282/7290 http://slcapex.com/forums/topic/general/1282
1. Minimum capital

2. Minimum capital ratio

3. 'Fit and Proper' requirements for the bank's controllers, owners, directors, and/or senior officers

4. Approval of the bank's business plan as being sufficiently prudent and plausible.

Not sure you would find a licensing authority even in the most progressive region on Earth that would consider a virtual bank paying 0.01% Daily Interest as a "sufficiently prudent and plausible" business plan. :-\

in topic Can JT Financial seek an injunction? by Xavier Mohr ]]> Tue, 08 Jan 2008 22:53:19 -0800 http://slcapex.com/forums/topic/general/1282/7289 http://slcapex.com/forums/topic/general/1282
in topic Can JT Financial seek an injunction? by Lindsay Druart ]]> Tue, 08 Jan 2008 22:49:40 -0800 http://slcapex.com/forums/topic/general/1282/7288 http://slcapex.com/forums/topic/general/1282
in topic Can JT Financial seek an injunction? by Cash Yiyuan ]]> Tue, 08 Jan 2008 22:48:47 -0800 http://slcapex.com/forums/topic/general/1282/7287 http://slcapex.com/forums/topic/general/1282
http://corp.sos.state.ga.us/imaging/14312387.pdf

in topic Can JT Financial seek an injunction? by Lindsay Druart ]]> Tue, 08 Jan 2008 22:48:10 -0800 http://slcapex.com/forums/topic/general/1282/7286 http://slcapex.com/forums/topic/general/1282
... securities offered or sold to the public in the U.S. must be registered by filing a registration statement with the SEC. The prospectus, which is the document through which a company’s securities are marketed to a potential investor, is generally filed in conjunction with the registration statement. The SEC prescribes the relevant forms on which an issuer's securities must be registered.

Still think, everything aside, ALL Second Life bankers should be considering an injunction in this matter.

in topic Can JT Financial seek an injunction? by Xavier Mohr ]]> Tue, 08 Jan 2008 22:44:27 -0800 http://slcapex.com/forums/topic/general/1282/7284 http://slcapex.com/forums/topic/general/1282 but reading their own post, I would tend to disagree with Harmony Linden:

"We will not apply this policy to companies who submit a registration statement, charter, or other applicable license from a governing regulatory authority, or who are merely conducting marketing or education, but not accepting payments."

That is the exact wording. An LLC is not a registration, then what is?

in topic Can JT Financial seek an injunction? by Cash Yiyuan ]]> Tue, 08 Jan 2008 22:41:01 -0800 http://slcapex.com/forums/topic/general/1282/7283 http://slcapex.com/forums/topic/general/1282
in topic Can JT Financial seek an injunction? by Corporate Looming ]]> Tue, 08 Jan 2008 22:38:12 -0800 http://slcapex.com/forums/topic/general/1282/7282 http://slcapex.com/forums/topic/general/1282
The blog was so vague....I am just tired right now...really....

in topic Can JT Financial seek an injunction? by Lindsay Druart ]]> Tue, 08 Jan 2008 22:32:33 -0800 http://slcapex.com/forums/topic/general/1282/7281 http://slcapex.com/forums/topic/general/1282 http://www.slcapex.com/home/story/system/1263



in topic Can JT Financial seek an injunction? by Cash Yiyuan ]]> Tue, 08 Jan 2008 22:20:47 -0800 http://slcapex.com/forums/topic/general/1282/7280 http://slcapex.com/forums/topic/general/1282
Considering the amounts of money involved... I do not think this would be unreasonable, 'virtual' business or not.

Would this be possible in the event that Linden Lab does not accept the documentation provided to them?

Just a fleeting thought... rections?

in topic Can JT Financial seek an injunction? by Xavier Mohr ]]> Tue, 08 Jan 2008 21:59:40 -0800 http://slcapex.com/forums/topic/general/1282/7277