http://slcapex.com/forums/topic/LCA/1884 In forum L&L Credit Reporting Agency and Business Services en-us Wed, 20 Aug 2008 05:15:42 -0700 Wed, 20 Aug 2008 05:15:42 -0700 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/LCA/1884
in topic Bankruptcy by Scott Nestler ]]> Wed, 14 May 2008 12:58:46 -0700 http://slcapex.com/forums/topic/LCA/1884/13164 http://slcapex.com/forums/topic/LCA/1884
I don't think it's fair to set myself up for failure knowing I can't do that over the period of time you want it done. I am not going to promise that.

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

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

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

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

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

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

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







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

They are financially tied.

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

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

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

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

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




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

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

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

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

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

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

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

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

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

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



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

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

Regards,

CB

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

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

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

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

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

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

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

Bo

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

What is bankrupt?

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

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

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

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

-Scott

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

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

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

*Shakes my head*

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

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

Thanks...

Sincerely,

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

in topic Bankruptcy by Lindsay Druart ]]> Tue, 13 May 2008 14:50:24 -0700 http://slcapex.com/forums/topic/LCA/1884/13003