http://slcapex.com/forums/topic/LCA/1846 In forum L&L Credit Reporting Agency and Business Services en-us Mon, 01 Dec 2008 15:32:37 -0800 Mon, 01 Dec 2008 15:32:37 -0800 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/LCA/1846
EDITED (before anything is misinterpreted). If you were expecting funds before the IPO, how did Sully say that he was going to pay them? He had a lot of respect for you and considered you a close friend so I don't think he would lie to you. Of course I have always been accused of being an eternal optimist. But any light you could shed on this as the closest person involved would probably help in the long run. Any conversations, nuances, etc. would be beneficial. If you want to take this offline, I think most parties have their e-mails published, if not they can post them here. My e-mail is arnaud@msgc.biz.

Thanks.


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

http://llcorporationinc.com/brand.aspx



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

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

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

Regards,

CB





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

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

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

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

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

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

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

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

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

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

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

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

iV

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


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

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

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

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

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

<< I need more Venture Capitalists and Underwriters!

Let's keep this rolling fast!

Here are those financials:

February 1st thru February 11th, 2008

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

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

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

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

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

Advertising $- $276 $276

Total Operating Expenses $- $276 $276

Operating income - 19,345 $19,345

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

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

Other Gains (Losses) $- $-

Available for Dividends $- $- $-

Preferred Dividends $- $- $-

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

Common Dividends $- $- $-

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

NOT TOO BAD FOR 11 DAYS!

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

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

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

iV

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

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

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

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

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

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

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

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

(Off to bed, I need some sleep)

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

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

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

What conclusion does one draw?

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

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

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

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


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

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


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


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

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

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


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

I think the facts speak for themselves.





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

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

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

You decide.

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

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

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


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

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

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

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

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


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



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

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

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

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

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

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

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

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

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

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

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

Can you tell im a little perturbed?

Ivan

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

I bought the sim for the KFE deal

The purchase was posted in CapEx have not been paid

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

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

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

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

-Scott

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

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

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

Regards,

CB



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

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

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

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

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

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

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

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

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

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

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

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

The rest of your post I leave to others.

-Scott

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

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

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

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

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

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

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

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

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

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

in topic Sully O'Kelly is missing, where is Lindsay Druart? by iVentures Volitant ]]> Fri, 09 May 2008 13:34:46 -0700 http://slcapex.com/forums/topic/LCA/1846/12843 http://slcapex.com/forums/topic/LCA/1846
Here's what happend:
Scott Nestler facilitated that sim for me, and I sold it all to Sully/LCA. Our deal was that I got a L$20,000 profit, and they were to pay my debt to Scott which was L$540,000. Right after this, Sully goes missing, and hasn't been seen since this. and since it's been some time now, the debt has grown by L$90,000 per month which is what LCA was to pay in tier.

As you can see, KFE went out of this deal before all this mess happend, and therefore I see no reason to neither drag me into this, or say what you did about KFE. your second and third points are untrue, and outright false, something you made up. Both me, Ivan and Scott knew the price all along, and so did Sully when he bought that sim, and I didn't fail to manage the sim, as I see it, I sold it all, and made a profit theoretically, even though I still havn't seen the money. No matter how you see that, that isn't failure, that's a succes. Of course if this is how you look at things, this might explain your company's financial reports.

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Kristjan Flanagan ]]> Fri, 09 May 2008 13:21:34 -0700 http://slcapex.com/forums/topic/LCA/1846/12842 http://slcapex.com/forums/topic/LCA/1846
I have narrowed our missing CEO's home to a 50 mile radius and will have and IP match as soon as I can get our website DNS back online after the migration.

Bare with me please. Local authorities are assisting me at this point.

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Lindsay Druart ]]> Fri, 09 May 2008 09:11:42 -0700 http://slcapex.com/forums/topic/LCA/1846/12829 http://slcapex.com/forums/topic/LCA/1846
I understand alot of money is owed but as of now Scott Nestler is out alot of money and it doesnt look like Sully is going to come back and make any payments.

Also Lindsay why are you asking others for their thoughts. This is a negotiation between you and Nestler - no one else has knowledge of the deal nor an understanding of what has happened here. It is up to you to do right and pay the man.

Thats my take on all this

Regards,

Ivan

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Ivan Halfpint ]]> Fri, 09 May 2008 08:58:17 -0700 http://slcapex.com/forums/topic/LCA/1846/12827 http://slcapex.com/forums/topic/LCA/1846
Your post is a bunch of mental masterbation.

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

February 25th, 2008 Sully refers to the sim I purchased for KFE.

You didn't question anything then.

All of the emails and chats point to this being a LCA deal.

What KFE sold it to Sully for and what Sully did with it are irrelevent, this is a LCA liability, period.

I have been reviewing this with you, Kristjan and Ivan in private, but since you made this public tell me what you intend to do now.

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Scott Nestler ]]> Fri, 09 May 2008 08:06:10 -0700 http://slcapex.com/forums/topic/LCA/1846/12821 http://slcapex.com/forums/topic/LCA/1846
The terms of the deal were as follows - Sully (Ceo of LCA) agreed to purchase the sim from KFE on the following terms - Payment of Nestlers Debt in full + 20k for KFE Ceo Kristjan Flanagan.

After completing the deal LCA CEO Sully posted in public forum that KFE has sold the sim for a profit.

LCA CEO Sully dissapears and neither Nestler is paid nor is KFE CEO Kristjan Flanagan.

They are the facts as I see them - basically it is up to LCA/Sully to make right of this situation the way I see it.

Regards

Ivan

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Ivan Halfpint ]]> Fri, 09 May 2008 08:05:16 -0700 http://slcapex.com/forums/topic/LCA/1846/12820 http://slcapex.com/forums/topic/LCA/1846
1. Sully asks Scott to facilitate a sim purchase for KFE...

Why this was done when LLL had 3 available sims, I have no idea.

2. KFE fails to manage the sim...

This should have been considered a default on the front end and been dealt with then.

3. KFE sells the sim to Sully but no one from KFE seems to know what the price was.

It seems to me here that no money changed hands. It was more of Sully taking over management. If LNLCA Dawes was the name on the land then LCA is definitely responsible. If Sully was, it is not clear whether this was to POW or VBL.

4. Sully sells land to Flattop on some botched deal of mall rentals.

I, for the life of me, do not know why Sully was involved in land deal without consulting me or Luke on this.

Bottom line, the selling of the land to KFE seems fishy to me for a few reasons. No one seems to know the price, just that it was a 20k profit. It seems evident now that the posting of the sim being sold was a russ. It was my understanding that KFE was to go into IPO but if KFE sold the only asset they owned, what business was being operated?

How am I to be sure that the purchase of this land was not for VBL or POW.....which have nothing to do with LCA???

Frankly, I can't eat almost 800k and definitely not at the terms that Scott is asking. If I could do that, I would not be facilitating buybacks on a liquidation fund.

Thoughts?


in topic Sully O'Kelly is missing, where is Lindsay Druart? by Lindsay Druart ]]> Fri, 09 May 2008 07:46:28 -0700 http://slcapex.com/forums/topic/LCA/1846/12819 http://slcapex.com/forums/topic/LCA/1846
in topic Sully O'Kelly is missing, where is Lindsay Druart? by Scott Nestler ]]> Thu, 08 May 2008 12:55:26 -0700 http://slcapex.com/forums/topic/LCA/1846/12794 http://slcapex.com/forums/topic/LCA/1846
in topic Sully O'Kelly is missing, where is Lindsay Druart? by Ivan Halfpint ]]> Thu, 08 May 2008 12:53:48 -0700 http://slcapex.com/forums/topic/LCA/1846/12793 http://slcapex.com/forums/topic/LCA/1846
in topic Sully O'Kelly is missing, where is Lindsay Druart? by Ashleigh Wade ]]> Thu, 08 May 2008 11:36:26 -0700 http://slcapex.com/forums/topic/LCA/1846/12792 http://slcapex.com/forums/topic/LCA/1846
Sully has been MIA for weeks, when are you going to step back in, this is still a L&L company......

-Scott

in topic Sully O'Kelly is missing, where is Lindsay Druart? by Scott Nestler ]]> Mon, 05 May 2008 07:52:23 -0700 http://slcapex.com/forums/topic/LCA/1846/12658