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| Aug 8th 2008, 10:13 Jaison Spad |
MNM Virtual Share Holder Conference Call - MONDAY 8/11/08 | |
| I was just informed of this posting and I would like to schedule a conference call for Monday Aug 11 at 8PM EST (5PM SLT). To answer virtual investor questions AND move forward with the schedule investor buyback plan. Bo will preside as moderator. These are very serious accusations that I would like to address down. You can call in via mobile, Skype, telephone, VOIP, etc. Dial-in number: 1 -641-715-3715 Conference Room #: 017661 Jaison Spad |
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| Aug 8th 2008, 11:56 Scott Nestler |
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08 | |
| Can Shareholders be present in person or only via telephone? Who will be there from MNM? |
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| Aug 8th 2008, 12:20 Sophia Yates |
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/
Edited by author Aug 8th 2008, 12:31 |
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| Well there goes the August 16th meeting. I guess the tele-conference cant be recorded either unless all parties agree for the conference call to be recorded. Very clever to do it by phone where people can not or do not wish in anyway want to risk themselves with internet tampering of some kind to participate in that or may not even be allowed. Its not the way as a shareholder would want things. An open meeting is very little to ask and now that is even being munipulated. If he can come on take the time and announce that, why in Gods name can't he just mention whats happened to the sites and all the other small questions asked of him? If he has been around to write this he could have come forward sooner for a meeting that may have not cost him no more than a lunch hour if interupting work for him was an issue. I'd like to know more Ashleigh about the complications on the leasing of the land. How complicated could it be? You either lease or you dont and the owner of the sim can simply make arrangments with the person who is leasing such as paying weekly or monthy. Its their sim. The leasing of the buildings..I have to take a look back on that...but I lease 1 sim and a 1/4 sim and the arrangments r pretty simple for me. I pay them out of my own pocket on my own or from what I make in-world for projects I get paid for. Ashleigh Stated "These projects were currently in negotiation and were bogged down due to disagreement of leasing terms. W.W took the position that the terms MNM wanted from their leases were not in line with standard SL practice. As a result, The Shops at MNM, although marketed, were never filled." Whats the time line on the disagreement and do they still have the sim as far as leased to the??? Seems like allot of things with MNM have never been in-line with anyone elses standard of practice. Im not understanding the reason why that would in the past result in the shops not being rented ou if they were paying. Not getting on your back Ashleigh or Jaison just want an explanation. Oh yes Scott don't u live near by? Why doesnt he invite you to the RL operation and not out for a lunch date? Sophia |
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| Aug 8th 2008, 13:06 Ashleigh Wade |
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08
Edited by author Aug 8th 2008, 13:28 |
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| Hi S, You are right. It should be simple. First some needed clarification. Land was not what was to be rented here. Sims are different. We are talking 3 retail spaces and 2 offices. This is something you can go to any mall or build (of the tens of thousands in SL); and pay a box to rent. In all fairness, Jason to my knowledge was not involved. Perhaps if I had gone to him first we might have gotten it resolved. This was a project I was working on with Cadence and legal. If J & C indeed are the same person then I wish a lot more of the desicions could have been made quickly. In all honesty this SL reporting to RL tier of management for every answer sucks. The structure is too bureacratic. I feel this is what allows the competition to move so much quicker than MNM. Also, there is a misperception of what MNM thinks it is vs. what the investors and public think. The disconnects were: Pricing - MNM will not fill the spaces at the rate they want. Lease Length - MNM will not consider a short term lease. They required a very long term lease with a formal signed agreement. For a shop. Deposit - MNM wants to require a one to two month deposit on any lease. I outright reject the idea of a deposit in SL. RL Information - They require a pre-screen of all potential applicants and disclosure of RL info. I can see this as beneficial, however in most SL cases the notecard spells out what the tenant can/can't do. If violated, then ejection occurs. Shortly after we had a first round of discussion the sessions were dropped due to other pressing MNM projects. I was also trying to think of a way to change the MNM mentality that "people want to be at MNM so these terms are acceptable". In reality I was hearing the opposite. No one wanted anything to do with MNM. In all fairness terms might still be reached that are acceptable. The problem that I saw and tried to communicate is that in SL malls are really more traffic generators rather than profit centers. When I proposed the idea to Cadence it was my intention to have them seed the spaces at a low rent to get bodies moving in Synergy. I have been in the rental business for over a year in SL and I've never seen it more complicated than pay a box and get a notecard for terms of use. What they were proposing was too burdensome for something that should be as simple as pay and go. This is really true when you have a mall with no traffic. There was no way I could get someone in a mall like that. I hope this clears up your confusion. I will leave it at that. In actuality I could have pressed it more for answers. However, I have a myriad of SL/RL obligations (as we all do, remember that) and time slips by quickly. The shops were promoted with vendors and mentions. Traffic on Synergy Island is an issue. |
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| Aug 8th 2008, 13:23 Scott Nestler |
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08 | |
| Sophia, I work in midtown New York City and live in Queens. Trust me I am close. -Scott |
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| Aug 8th 2008, 13:34 Ashleigh Wade |
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08 | |
| SCOTT! For some reason I thought you lived in SF? I work in Chelsea and live in Queens too (Astoria). If you can work something out I would like to attend. I am crazy busy on the weekdays but could manage lunch, brunch, dinner or day meeting on the weekends. Let me know.... | ||
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| Aug 8th 2008, 13:37 Scott Nestler |
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08 | |
| I travel all over and sometimes confuse people as a esult. I live in Bayside, you name the place :) Jamar has emailed me that he is away on business and will be dialing in to the call remotly. If you want to sit on the call together let me know. -Scott |
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| Aug 8th 2008, 13:43 Ashleigh Wade |
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08 | |
| Sounds good. I am leaving work now and I'll email you this weekend. | ||
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| Aug 9th 2008, 08:23 Scott Nestler |
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08 | |
| Ashleigh, You can email me at nestler.investments@gmail.com Look forward to meeting you, Scott |
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| Aug 10th 2008, 19:52 AWM Mars |
Re: MNM Virtual Share Holder Conference Call - MONDAY 8/11/08 | |
| Yet again, its what suits Jamars schedule, not the shareholders, and certainly not anyone outside the USA. 5pm SLT is 1am for me, and even dialing into this room over skype will cost me a wedge to listen to the many empty words of Jamar, who's voice changer will he be using this time? Will Cadence be joining you? I suspect all you are going to hear is the word 'soon' being used like confettee. If I were to join in this moderated conference all, I would only want one question answered honestly.... the term soon, is that used in a time reference to human race, or universe timescales? | ||
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