http://slcapex.com/forums/topic/general/2168 In forum General Investment Discussion en-us Fri, 03 Sep 2010 07:56:40 -0700 Fri, 03 Sep 2010 07:56:40 -0700 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/general/2168
http://twitter.com/arbitrage

Initially, we will not take out any profits for at least 1-2 months so that we can use some of the profits to make additional profits. However, we should start doing some buybacks starting around November, and if things go right, we should have a majority of the shares bought back by April.

in topic Closing '07 - '08 by Arbitrage Wise ]]> Thu, 28 Aug 2008 12:46:14 -0700 http://slcapex.com/forums/topic/general/2168/15995 http://slcapex.com/forums/topic/general/2168
As hard as that was to put out and you may have felt foolish to have "spilled the beans" per say. Thats all i ever asked for was the truth.

I know I am a brutal bitch some times, cause sand bagging and smoke screens drive me crazy.

I can show much more understanding knowing the truth and you're trying, Then being sandbaged and wondering whatis really being hidden.

I hope, for all of us, things turn around for you.

in topic Closing '07 - '08 by Jini Hammerer ]]> Fri, 22 Aug 2008 04:02:19 -0700 http://slcapex.com/forums/topic/general/2168/15872 http://slcapex.com/forums/topic/general/2168
Also, I would say seek the assistance of a local casino for dialogue on best practices but cater your business model in which you are depending less on the wagers and more on the stable side of the business. The wagers should be extra.

Just a thought

in topic Closing '07 - '08 by Lindsay Druart ]]> Mon, 11 Aug 2008 06:09:18 -0700 http://slcapex.com/forums/topic/general/2168/15565 http://slcapex.com/forums/topic/general/2168
in topic Closing '07 - '08 by Sekai Takaaki ]]> Sun, 10 Aug 2008 20:06:59 -0700 http://slcapex.com/forums/topic/general/2168/15552 http://slcapex.com/forums/topic/general/2168
Maisha - I believe Virgin Mobile in it's simplest form is a contract service to help guarantee the loan. I just tossed it out as a suggestion for those who don't want to do business on trust alone, but need something written down. As for how much, ideally, we're looking for someone that would put in 5K USD or more. For our initial terms, we're looking at maybe 30% profit goes to the investor, with any excess profits going to us.

Sheila - I'm not sure why the link won't work since the file is there. I'm assuming it may have to do with the xlsx extension. In any case, here are the original stats: http://www.jtfinancials.com/Arbitrage_Profits.xls

Lindsay - Thank you for the offer. But teaching isn't the career path I'm looking for - plus, we're now at the point where I'm probably going to stop looking for employment and focus on trading in building the other businesses. As for Line of Credit and SBA loans, I don't think banks work with my line of business.

in topic Closing '07 - '08 by Arbitrage Wise ]]> Sun, 10 Aug 2008 12:46:40 -0700 http://slcapex.com/forums/topic/general/2168/15540 http://slcapex.com/forums/topic/general/2168
I commend you for still hanging in there being another hanger myself. Here is a bit of information that I think will be beneficial to you in the RL sector.

My company, Apollo Group, most famously known as the University of Phoenix, is always hiring for Enrollment Counselors. It's cube world but the money is damn good and the benefits are even better. Also, with you having your MBA and at least 3 years of work experience, including entrepreneurship, you can also be an instructor part time. I can get a contact at your local campus to put you in touch with them. Luke Birdbrain used to work at the Savannah location but he moved on to something else after he got on his feet.

Accion USA is a small business loan service and they base the loan off your personal credit and the strength of the business model. You can find them at http://www.accionusa.org and they are very reliable. You don't have to have great credit but they will work with you. You first loan is around 3k USD and you can borrow more once you pay that off.

American Express has a good Line of Credit but you have to have like awesome credit to qualify so I am not sure how feasible that is for you.

Also, seek your local SBA for minority and asian based grants that you may qualify for. They take a long time to pay out though but keeping the iron in the fire may be the saving grace. I am working on one myself that is four months later still processing.

Hope this helps. Shoot me an email if you have questions and I will get you that contact for UOP if you want it. I think starting pay in that area is 38k but I am not sure.

Lindsay



in topic Closing '07 - '08 by Lindsay Druart ]]> Sun, 10 Aug 2008 08:53:23 -0700 http://slcapex.com/forums/topic/general/2168/15539 http://slcapex.com/forums/topic/general/2168
in topic Closing '07 - '08 by Barbie Chaika ]]> Sun, 10 Aug 2008 03:40:18 -0700 http://slcapex.com/forums/topic/general/2168/15534 http://slcapex.com/forums/topic/general/2168
www.jtfinancials.com/Arbitrage Wise_PL(Final).xlsx

This link just said "The page cannot be found."

I have already installed the file format converter which is supposed to show me xlsx files even when I have only a previous version of Excel.

I would appreciate it if would check the link again, or
if you would kindly upload a previous version of Excel file, xls.

I was able to look the other file at the link, www.jtfinancials.com/PlayaStats.xls.

Thank you for attention.


in topic Closing '07 - '08 by sheila6225 Allen ]]> Sun, 10 Aug 2008 01:16:11 -0700 http://slcapex.com/forums/topic/general/2168/15533 http://slcapex.com/forums/topic/general/2168
Also, how do we set up something through virgin mobile? I still haven't lost faith in you. been going about a year now. also, what's the minimum you're interested in for investments through virgin mobile, or something else?

in topic Closing '07 - '08 by Maisha Slade ]]> Sat, 09 Aug 2008 20:59:03 -0700 http://slcapex.com/forums/topic/general/2168/15531 http://slcapex.com/forums/topic/general/2168 the half fininshed SL project that needs a certain amound to get going and thus provide some additional income that would support the solvency of the greater picture.

Even small droplets will make a (buck)ett overflow in due time.

I did not mean to suggest issuing another interest bearing
security that would only put a bigger strain on the difficult situation Arb is currently in, hence the reference to the PATRIOT (concept)(non tradeable) bond that would be issued inworld and could be regarded as an interestless loan from those players (Not crisis investors whom expect a FAT return on a risk like this) that believe in the vision Arb is trying to build and willing to support that in return for the longterm revenue that will surely accompany those bonds when Arb is back in the green.

Besides have we not been doing that in most of the cases,
providing interestless loans to unknown people with a vague business plan under the promise of superdividends, that we are still waiting on by the way. Seems to me that Arbitrage is a better longterm choise by far.

Anyway, it was just a brainfart I had and will open a window to let the wind refresh the room.

Hutch

in topic Closing '07 - '08 by Ironfist Hutchinson ]]> Sat, 09 Aug 2008 17:21:00 -0700 http://slcapex.com/forums/topic/general/2168/15529 http://slcapex.com/forums/topic/general/2168

in topic Closing '07 - '08 by Kaffe McMahon ]]> Sat, 09 Aug 2008 15:14:16 -0700 http://slcapex.com/forums/topic/general/2168/15528 http://slcapex.com/forums/topic/general/2168
in topic Closing '07 - '08 by James619 Bagley ]]> Sat, 09 Aug 2008 13:18:45 -0700 http://slcapex.com/forums/topic/general/2168/15525 http://slcapex.com/forums/topic/general/2168
in topic Closing '07 - '08 by Dimitri Gasser ]]> Sat, 09 Aug 2008 11:22:58 -0700 http://slcapex.com/forums/topic/general/2168/15523 http://slcapex.com/forums/topic/general/2168
http://www.virginmoneyus.com/

I already feel too obligated to the Second Lifers, and those that still want to contribute can do so in real life. However, the only thing I can guarantee in these loans is to pay out the profits made, but cannot make guarantees on profits... although I'm 99% confident that we'll make money from Juice. Last year's numbers don't lie.

in topic Closing '07 - '08 by Arbitrage Wise ]]> Sat, 09 Aug 2008 10:01:37 -0700 http://slcapex.com/forums/topic/general/2168/15520 http://slcapex.com/forums/topic/general/2168
I would like to direct the attention to the following article.

http://en.wikipedia.org/wiki/War_bond

The series EE bonds or patriot bonds might serve as a concept template to raise money among those SLCAPEX supporters whom are still willing to contribute to the cause.

It seems that the motivation to put in new money by endlessly buying publicly traded shares to balance out their portfolio is comming to a grinding halt due to the
heavy losses investors keep suffering on them.

My question is, would this be a viable or even possible way to raise funds for at least getting the currently dormand SL project back on its feet and start producing revenue again ?

I understand that a suggestion like this could stir up a lot of mixed feelings and bring even more if's and but's accompanied by pro's and con's with it.

So I am carefully putting out my antenna to pick up any useable vibes instead of constantly receiving static.

With regards
Hutch

in topic Closing '07 - '08 by Ironfist Hutchinson ]]> Sat, 09 Aug 2008 04:34:04 -0700 http://slcapex.com/forums/topic/general/2168/15512 http://slcapex.com/forums/topic/general/2168
in topic Closing '07 - '08 by SynCere Talon ]]> Sat, 09 Aug 2008 03:22:38 -0700 http://slcapex.com/forums/topic/general/2168/15511 http://slcapex.com/forums/topic/general/2168
Taking away the shroud of mystery which only led to counterproductive speculations on the investorside is the best thing you could have done.

It is refreshing to see a personal no nonsence or beating around the bush statement that does not scare away people by loudmouthing them.

Good to have you back on the workfloor Arb.

with regards
Hutch

in topic Closing '07 - '08 by Ironfist Hutchinson ]]> Sat, 09 Aug 2008 02:55:07 -0700 http://slcapex.com/forums/topic/general/2168/15510 http://slcapex.com/forums/topic/general/2168
So if you don’t know the story already, I am currently in debt of approximately 85 million Linden Dollars book value based on original share value, or $310, 000 USD at the rate of 275L per USD. But that’s just what I owe to Second Lifers. I also owe an additional $70,000 USD to real life commitments. So that’s how much I’m closing last year with, and my debt going into this year. However, there’s one catch – I can only do so much if I have money – but I don’t. So first, I’ll tell you where the money went, then I’ll tell you what we’re starting with. Maybe I’ll get someone dumb like me to keep going and put in more money.

Second Life was my ONLY source of capital and income, so based on my SLW financials, the 17 Million personal debt can be considered my ‘salary’. So what did I do with this salary. My car is a ’94 Toyota Tacoma, so the money didn’t go there. In fact, while you’re driving, scan for how many cars on the road you see has lesser value than my car. You won’t find many – trust me, I do it often when I think about ‘what if …’ while I’m driving. So let’s just say I didn’t live a lavish lifestyle like everyone thought I did. But to those that still won’t believe me, just think that I ate real good.

So now we know what I owe to build my businesses. As we all know, I’m out of funds, so all of my SL businesses now sit idle and incomplete. On to my real life business. Here’s the link to the final numbers from Juicetrading. Unfortunately, I didn’t start keeping books until November, but our year starts at the end of August when Sports Arbitrage season begins. So it’s missing two months:

www.jtfinancials.com/ArbitrageWise_PL(Final).xlsx
(if you have trouble downloading the xlsx file, here's the link to the original stats: http://www.jtfinancials.com/Arbitrage_Profits.xls)

The numbers will show you that we made $130,000 last season. Remember that my only source of income/capital was the 17M, so take away my living expense, add in the additional real life debts, and that’s what our starting investment was. So assuming I had a living expense of say $31,000 a year, our starting investment is $100,000. So our rate of return was 130%. Unfortunately, and a big unfortunately, one of our books went insolvent with about $170,000. So instead of making 130k, we lost 60k. Naturally, I blame this 100% on me. I should not have let the balance go that high in the first place without withdrawing some of the funds. I’m going to close the books there and make sure I don't repeat the same mistake. It’s time to move on – can’t dwell about the past.

Here’s our new plan. For many reasons, disclosing this may be one of the most retarded things I going to do, but it’s my final bullet. I just recently applied for a job – given the job market and my lack of corporate experience, don’t expect to get much. We’re starting from the bottom. Since April, once I realized our profits were gone, I started grinding in poker. It was the last option that can provide us some income while I look for and wait on job applications. I made about $10,000 – can’t complain since 90% of poker players lose, and it provided immediate revenue. About $1,000 of it went to personal expense since my fiancé was paying the bills (and she’s starting a new career, so not making much either). The rest went to pay debts and my partner’s venture – a poker bot. I’m not going to go into any details with it, except here are the stats so far:

www.jtfinancials.com/PlayaStats.xls

The only column you have to know is Column F on the Master worksheet since that tells you our total daily profits. We’re only on our first site, and are growing. You can’t believe there are poker bots out there? Don’t be so naïve.

With that, we open our books. A debt of $380,000, and two and one-half businesses: Bot, Juice, and half a Second Life. Second Life is at a standstill for now. Bot is slowly growing, but all profits minus what I really really need will be kept inside the business to keep it growing. Juice can make a lot, but not without any capital. I’m putting in $2000 and will do a daily report to see how we do.

I’ll most likely post a daily excel on Google Spreadsheets and on Twitter – I will post the Spreadsheet link once season starts:

www.twitter.com/arbitrage

But, I’m open to taking unsecured loans. Given what happened last year, I cannot make any guarantees, except that I’ll report the truth. I also know that given the nature of the business, there are some risks involved. But at this point, I’m willing to accept the consequences. Do I really have a choice given my debt?

In summary, this is what we have going into this year. If things go well, we’re on our way to getting back on our feet (again) and repaying our debts. But as you will see from the Juice summary, we need a lot of help, aka, a lot of money. Hey, Donald Trump went broke once and owed the banks tons of money. Know what he did? He asked to borrow more. Don’t take my word for it, read the summary. You can contact me at arbitrage.wise@gmail.com if you like my ideas. If I have no takers, then I just have to hope for the best in poker and that I get hired, and that our bot farm and juicetrading (with the starting 2K) do well. If we can somehow get our hands on 200K for juicetrading, I'm VERY confident that we'll be out of debt by April.

Here’s a summary of Juice:

www.jtfinancials.com/juicetrading.ppt

in topic Closing '07 - '08 by Arbitrage Wise ]]> Sat, 09 Aug 2008 00:42:56 -0700 http://slcapex.com/forums/topic/general/2168/15509