Subscribe to this topicForums > L&L Credit Reporting Agency and Business Services > Topic: Financials and updates?
| Apr 11th, 04:46 Servme Nakamura |
Financials and updates? | |
| Sully, I noticed there are no monthly financials and balance sheet posted for LCA yet. They were due yesterday, and I think I'm not the only one looking forward to some hard figures. It would also prevent fines or halts being incurred, which are costs that would need to made up for again later. Also, you mentioned an IPO possibly starting off in the third or last week of March (http://slcapex.com/forums/topic/LCA/1118) but nothing seems to materialize there? The promised tidal wave is nowhere to be seen yet... ServMe. |
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| Apr 11th, 06:15 Ivan Halfpint |
Re: Financials and updates? | |
| Dont bother Sully, between his other companies and the old boys club he has no time for financials. 5k fine for LCA - accumulating daily, Sully thats not good considering your revenue is so miniscule. | ||
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| Apr 11th, 09:43 Cash Yiyuan |
Re: Financials and updates? | |
| I have contacted Sully in regards to Financials that are overdue. Regards, Cash Yiyuan SL Capital Exchange |
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| Apr 12th, 04:50 Sully Okelly |
Re: Financials and updates?
Edited by author Apr 12th, 04:52 |
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| Hello all, I had the financials done on Wen. except for an exact cash balance. I haven't been able to log into the alt (bad password) to get the numbers for the statements. I have just requested a reset and hope to have them today. The last 3 nights have been home from RL work, diner and bed. I've IMed Cash about posting the incomplete numbers, but I figured I may as well wait for the new password, which is heading to Lindsay's e-mail account as she has the alt in her name. Actually I'll put the numbers here that I have, minus the cash balance and the numbers reliat upon that figure. I am only waiting so I can reconcile the account properly. Here is most of what will be posted: P & L Statement March 2008 Revenue Received IPO Income $- Web Site Trading Commissions $- Business Plan & Projection Income $- Advertising Income $- Credit Service Income $- Data Entry Income $- Accounting & Management Fees $800.00 Web Income $- Affliate Commissions $- Less Accounts Receivables $- Total Revenue Received $ 800.00 Expenses Paid IPO Cost of Sales Expense $- Advertising and Promotions Expense $- Data Entry Cost of Sales Expense $- Web Site Expenses $- Fraud Insurance Fund Payments $- Consultations and Group Fees $ 37.00 Miscellaneous $- Salaries and Wages $- Commission Expense $- Affiliate Commission $- Web Site Upgrade Expenses $- Total Expenses Paid Out $ 37.00 Total Gross Income - Profit/(Loss) $ 763.00 Other Net Income (Misc) $- Other Net Expenses (Misc) $- Total Other Net Profit/(Loss) $- Total Net Profit/(Loss) (Available for Dividends) $ 2,981.00 Prior Period Retained Earnings $ 2,218.00 Dividends to Distribute $- Common Shares Dividends Paid Out(3697766) $- Treasury Shares Dividends Paid Out(1302234) $- Total Shareholder Dividends Paid $- Total Retained Earnings $763.00 March 08' Balance Sheet Assets Cash On Hand $ Land (880*$10L) $ 8,800.00 Intangibles (Credit Agency & Exchange Software) $ 2,250,000.00 Venture Capital Loans to Startups $- Other Current Assest Total Assets $ Liabilities Accounts Payable $- Credit Agency Depositors Funds $885.00 Insurance & Venture Capital Escrow Funds $119,200.00 Other Current Liabilities $- Total Liabilities $120,085.00 Equity Equity SubTotal $ Common Stock $- Treasury Stock $- Retained earnings - beginning $2,218.00 Retained earnings - current from P/L Statement $ 763.00 Total Share Holder Equity $ Checksum (Assets-Liabilities-Equity-Retained Earnings=0) $- Financial Statement Comments March produced further preparation for our first offering to the public and then a need to completely reassess projections, due to the announced change of land pricing by Linden Labs. A meeting for these changes is scheduled for this evening and further announcemnets will follow. These changes will affect ALL of the startups we are working with currently and most in a positive fashion, by reducing startup costs. The still company is poised to earn significantly over the next quarter, with very limited expenses. I would also like to welcome Arnaud Villota to our team. He joins us as an assistant to myself and will be a client liason, assist in business plan writing and prospectus development. He and I will work closely together with each client. We are very grateful for his joining us :) Respectfully, Sully Okelly CEO - LLCRA & BS |
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