Subscribe to this topicForums > L&L Credit Reporting Agency and Business Services > Topic: 7000k linden in revenue?
| Mar 27th, 07:11 Ivan Halfpint |
7000k linden in revenue? | |
| Sully - you took in 6700 in revenue and paid yourself (or whoever) 18,000 lindens? Why are you taking over new companies on he SLEX if you cant even run this one? Is it fair to shareholder to get pathetic results like this? How many companies do your run now anyway? How do you have time to run multiple I barley every see you in SL? Maybe that could explain the share price for the LnL compnaies - again the investor loses SL finance at its best |
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| Mar 27th, 14:45 Legolas Delgado |
Re: 7000k linden in revenue? | |
| Ok, I am confused... 7,000k = 7,000,000 L$ but 6,700 in revenue |
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| Mar 27th, 15:12 Servme Nakamura |
Re: 7000k linden in revenue? | |
| Ivan, I went over the income statement/financials for February and I can't find the 7,000k L$ figure you quote anywhere. I see L$6,000 from the "business plan and projection income" service and another L$700 from the accounting and management fees, totalling L$6,700. While one could argue that paying wages when there is no profit is strange in an SL world, I think it's not all that bad either. If you use people to provide services to a company, they expect to be paid. If the wage is solely attributed to Sully, I can somehow follow your argument that a CEO shouldn't get paid if there is nothing to show for the work. However, sometimes things don't pay off instantly, and it pays to sow now, and reap the rewards later. Am I concerned about Sully spreading himself thin by getting/being involved in a bunch of other companies? Definitely. Was I pleased by his post "This week LCA will be my main focus for a change."? Not in the least. I expect CEO's to focus on the work at hand and not working twelve jobs in eleven hours so to speak, not excelling at any of them. However, I can't know for sure that his various involvements are indeed "too much". It is possible that as one company is in a waiting cycle, that he is perfectly able to focus on another company. It's too soon to tell, though I share your concern partially, and have actually told him a while ago. Your referral to "the L&L" companies seems flawed though, as they are all separate entities and ran by a different CEO, though some members of the teams may be involved in other L&L companies. LCA for instance is partially owned by LNLFS, due to how the company saw the light. That doesn't mean however that LNLFS dictates LCA or that they are dependent on each other. |
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| Mar 27th, 20:36 Sully Okelly |
Re: 7000k linden in revenue? | |
| Not that it's any of your business, but .... Ivan I took less than half my back pay, so I could pay for my part (bachelor party, clothes, etc.) in my best friend's SL wedding and associated items & activities. I was hired at 3k per week back in December, that was my first pay. You do the math. Further info can be found here: http://www.slcapex.com/forums/topic/VBL/287 I have plenty of time to deal with all of my work. I choose not to spend an hour responding point by point or further validating your BS. If you don't like what I do, which seems your MO across the board, please don't become a shareholder and keep your garbage to yourself. Each of the companies I am running has presented itself in a different fashion, but you're probably aware of that. |
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| Mar 28th, 06:03 Ivan Halfpint |
Re: 7000 linden in revenue? | |
| Sorry 7000k was a typo - my apologies. Meant 7000 in revenue. As for Sully no I wont keep my 'garbage' to myself. Im sure the old boys club here would like if I did - but I am providing a valuable service to investors here by providing a non influenced - unbiased - objective opinion. I call it as I see it - my only reason for being here is simple - to help investors make wise choices. If a company is struggling I hold management to the fire - you are the CEO of LCA which is struggling badly. So why get upset with me and complain like a baby about 'my garbage'. Get off your butt and start earning some revenue and dividends for the people that hold your company and prove me wrong. Personally I dont understand how a person can have enough time for RL - plus run 3 or 4 SL companies as CEO - plus sit on the board of directors of others. Just my humble unbiased thought as a market observer. Regards |
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