Subscribe to this topicForums > Karlfeldt & Delgado Capital Public Forum > Topic: Sale of KDC
| Nov 3rd 2007, 19:38 Legolas Delgado |
Sale of KDC | |
| Karlfeldt & Delgado Capital Weekly Update Current Holdings KDC 21,198; “L$15,050.58” ZEN 166,428; “L$166,428.00” BNT 466,957; “L$144,756.67” BBX 8752 “L$16,803.84” Current L$ Balance JT Financial “L$162,140.03” ACE “L$16,406.40” Starting Value of Company; “L$470,250” Total Value of Company; “L$488,090.6” Total Value of Dividends Paid to Date; L$158,068.37 Next Expected Dividend Per Share; Due to the loss on the land and not GPB there is no expected dividend date. Dezmond Martinek will be purchasing the majority hold of Karlfeldt & Delgado Capital and becoming the acting CEO. He is a respected SL stock trader within SL and has been following the SL markets for as long as I have. His photo ID has already been cleared by SLCapEx and they have been aware of the deal since its inception. The reason for the sale of KDC is I personally believe it is time for me to move to my next Second Life project. As anyone who has followed me through my SL business experience knows that Karlfeldt & Delgado Capital is only a sub company of Karlfeldt & Delgado Mutual. I will be refocusing on K&D Mutual now that K&D Capital is being sold. Dezmond will be buying 1,000,000 shares of KDC for L$100,000. With this comes the responsibility of managing the company and living up to the Karlfeldt &Delgado Capital name, which has grown over 40% in 5 months. All assets of KDC will be transferred to Dezmond. I will be staying in the company as a director to help smooth out the transition of ownership. The company will maintain the same name. Below is the contract signed by both Dezmond and I. The assets have since changed to what is listed above however they have only changed under the direction of Dezmond. The last financial statement by Legolas Delgado for KDC can be found at http://kdmutual.com/Documents/Copy%20of%20KDC-FinancialReports.xls Karlfeldt & Delgado Mutual is selling their majority hold in Karlfeldt & Delgado Capital (now known as KDC) to Dezmond Martinek (now known as buyer). A total of one million (1,000,000) shares will be transferred to buyer in this transfer, along with all assets that KDC possess excluding Karlfeldt & Delgado Tower, and the land it is placed on. These assets include 8,752 shares in BBX, 21,198 shares in KDC. 166,428 shares in ZEN, 500,000 shares in BNT, 726,719 shares in GPB, L$20,000 to be placed in an administrative fees sub account, all L$ currently in Legolas Delgado’s (now known as seller) sub account labeled transfer, currently at L$ 95,133.78 on October 22, 2007 and the ending balance on the 90 day CD currently held by KDC at LLBnT. At the same time that the shares and L$ held on SLCapEx, and all shares of BNT and GPB, have been transfer to buyer. L$100,000 will be transferred to seller as payment to seller. The transfer is to take place not before November 1st but on that day or soon after. Seller will post the financial report for the month of October before the transfer takes place. Seller will remain CEO until the transfer is complete. When the transfer is complete seller will step down as CEO and buyer will then become the acting CEO of KDC. Seller will remain in KDC in an advisory position only supplementing buyer’s ability to run the company. Buyer will now be liable for all weekly updates and monthly financial reports. This contract is pending approval by SLCapEx and their willingness to support the transfer. LukeConnell Vandeverre, and IntLibber Brautigan will also be contacted and expected to transfer shares that are held on their respective exchanges. Buyer Sign Here: Dezmond Martineck Seller Sign Here: Legolas Delgado Here is Dezmond’s message to the public and share holders. Hello, I would like to introduce myself as the new CEO of KDC. It is my mission to bring greater value and dividends to shareholders thru investment in SL markets. Of late much fraud and dishonesty has dealt blows to this company, individual investors and other sectors of the SL economy. This has affected the bottom line of KDC. I will work hard to rebuild the share value and provide investors with regular dividends. I look forward to working with shareholders and others. Should you have any questions or concerns please don’t hesitate to IM me in world. Thank you for your attention. Dezmond Martinek KDC C.E.O. I look forward to future SL in devours. Sincerely -Legolas Delgado I am sure there will be question, please post them here. |
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| Nov 3rd 2007, 20:29 Xavier Mohr |
Re: Sale of KDC | |
| Legolas & Dezmond: Congratulations to you both on the sale and purchase. I have watched KDC become and maintain its position as one of the stronger companies on AVIX, and now CapEx. I look forward to a long time further of results from KDC and insightful advice to the Second Life trading public. Best of luck to both of you in your new endeavors. Sincerely, Xavier Mohr |
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