Subscribe to this topicForums > Sky Power Fund > Topic: All Hedge Fund Investors
| Apr 14th 2008, 16:43 SkyRanger Hammerer |
All Hedge Fund Investors | |
| Dear investors, Please note, as you may know approximately 71% that was parked in SLCAPEX has been extraviated and removed from the account. The account's full control and assets that were illegally and unlawfully removed has been handed over to Bogart Beck and Sully Okelly. These two avatars have the fiduciary responsibility to return your part of the 71% that they took over. It has been brought to my attention, that most investors have not been paid $1L out of this balance, it is your legal right to contact the avatars listed above to receive those funds that rightfully belong to you, if you have not done so - please do it immediately. My refund has already begun to what is left on my avatar, some of you already received it, but it will be finished by this week's end. The 71% that BSCapex stole is no longer in my control, neither do I have access to those funds. I am waiting to have a list of all investors who have been provided a credit. Remembering that there were 81 total investors and 81 investors should receive a partial payment back. Thank you kindly, SkyRanger Hammerer |
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| Apr 14th 2008, 18:12 Skip Oceanlane |
Re: All Hedge Fund Investors | |
| Bogart Beck has an obligation to return the assets he stole from Sky Hedge Fund investors and unethically gave to Sully Okelly. I again request that I be given back the 50,000 Lindens I had invested through SkyRanger Hammerer, from assets literally stolen by SLCapex management. Stop telling me to go to SkyRanger Hammerer for my Lindens Bogart Beck and Sully Okelly. You two stole his assets, so obviously he can't pay everyone back. Stop hiding behind your illegal scam "vote" and stock seizure. Return to investors like me, what belongs to us, not you. Return our Lindens already! |
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| Apr 14th 2008, 18:18 Delicious Demar |
Re: All Hedge Fund Investors
Edited by author Apr 14th 2008, 18:42 |
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| Please correct me if I am wrong about this -but in March, Sully told anyone that is interested in keeping their Hedge Fund investment with SkyRanger to state their intentions to do so. First, some background... -------------------------------------------------------------------------- Quote from Sully Kelly, march 9, 2008 in http://www.slcapex.com/forums/topic/POW/1611 : "Where to from here? Very tough question! First, since I am the CEO of POW, my responsibility is to protect and indemnify the POW shareholders and all of their assets, so I have an immediate obvious set of conflicts (as well as the one that I am a POW shareholder (25050 shares) myself and throw in that I’m a hedge fund investor (10000 linden) too). All those things being true, I am trying to be completely impartial and fair. CapEX has offered to me to be the TRUSTEE for all of the CapEX assets that Sky has in his account (that means everything except what he withdrew before the freeze and conversion). I need only demonstrate that I have backing from a reasonable number Hedge Fund investors (frankly, I already the backing adequate), but since some will wince at the thought of me having that power/responsibility, I will put that question out to the Hedge Fund Account holders and I will do it with this attachment. If you want to stay with Sky running your private account, he has possession of some 1.1 million linden to work with. If you’d like to have me Trustee your funds at CapEX, then I’ll accept that position. The difference to be paid to the other party (Sky or myself) according to the percentage of the fund each voter has and where they’d like it. I will respect any wishes here, but I have zero control of the funds outside of CapEX. Only Sky can honor that. For the Sky investors I will do the following, if you choose to have me administer your funds, then I’ll convert your funds to POW shares and make you shareholders. I will develop a rate (near .90L) from both the percentage of Hedge Fund linden you have left and after all costs are paid (some of the hedge fund investments include POW shares), so this is not something I have an exact figure on, nor will I calculate it exactly, until I have your decisions. This is also going to be contingent upon the vote of the shareholders of POW, that is being offered to them below, but I feel I know what they will choose already and thus this potential offer. Any unclaimed funds (that end up in my possession) shall be segregated for future claims and be invested in a safe vehicle until such time as they are claimed. The earnings from the investment of these funds will go to the profits of POW for dividends/retained earnings, as I &/or the Board of Directors of POW deem proper." ----------------------------------------------------------------------------- And then a quote from my post in response on the same thread, on March 10th: "As CEO of POW, you are entitled to whatever assets were held in SkyRanger's account that are owned by POW. I understand that valuating that is difficult, but a close estimate should be possible if an executive decision needs to be made in short order. The rest should be returned to SkyRanger, since he is the original, and as far as I can tell, current owner and operator of the SHF. In any case, it will be my direction to you as one of the SHF investors, that the portion of my investment in SHF that you currently control (whatever amount it turns out to be) should be returned to SkyRanger Hammerer." --------------------------------------------------------------------------- Next, the vote of POW shareholders took place, and here is part of Sully's post on March 16th, in http://www.slcapex.com/forums/author/2459?page=3 : "5) Those that have made THIER will clear, of the hedge fund account holders, will recieve an offer to convert their ownership percentage in that fund, into shares of POW, from the assets frozen by CapEX. 6) Once those proposals are accepted/declined by the account holders, the figures will be published in a clear cut fashion here in these forums." ------------------------------------------------------------------------- 4 DAYS LATER, this was posted by Sully: "I Pulled the trigger,once the order has been executed by CapEX, which I placed on Monday night, Sky will have Zilch! I took the trustee position I didn't want, but was left no choice. I removed POW's assets from the mix, made offers to existing hedge fund clients and they were accepted. Those people represented 58% of Sky Hedge Fund. These folks assets equalled 70k more then the CapEX account had in it. I moved to transfer all of the portfolio and indemnify the offer accetors. This is a done deal. By the weekend, this order should be done. POW will list with 2.6 mil shares and 1.6 mil assets. The halt will lift and I am preparing financials to start us up with again. Sky's account will be drained dry. The remaining 1.1 mill in his avatar will satisfy the other investors of record and leave Sky with 12k if he uses the same formula I did. I offered to have him bless this transaction, but have recieved no response. I haven't created a group, because I am of the impression that enough people would like a name change that I'll at least entertain it at the shareholders meeting, that I am going to have. Don't ask me when it will be yet, cause I don't know. There, Done!" --------------------------------------------------------------------------- As far as I can tell from checking my IM logs and group announcements, I never received any offer from Sully. He did respond to me on March 11, thanking me for posting on the Forum and saying that he respected my decision. I had 100,000L invested in the SHF. Sully - I know that you have been doing the best you can in a difficult circumstance. But I have never received any correspondence from you about this. I was never given an offer to convert my portion of SHF to POW shares- so not really sure what it all means... does it mean that whatever portion of the SHF holdings that you had that should have gone to me (or to SkyRanger actually - since this is what i requested) are simply gone? Are they being held elsewhere? I'd appreciate you letting me know where things stand on this... dd |
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| Apr 15th 2008, 16:56 Sully Okelly |
Re: All Hedge Fund Investors | |
| Sky, you have "How much was in CapEX percentage wise" confused with "What percentage of the earth's surface is covered by water". Maybe your being so HIGH is messing up your numbers. YOU ARE A LIAR! Plain and simple. The end of January 08' you presented CapEX with a list of investors. About 60 total. I'm certain you didn't find another 20 or so idiots to give you linden since then. And if you did, you certainly had the linden in your avie not CapEX. No deposits to a frozen account. Your sheet showed 2.5 million linden roughly. Take away the 1.1 million in withdrawals and you have about 1.4 million or so in CapEX, correct? Take away 150K for POW and there would be 1.25 million. 1.25 is to 2.5 as 1 is to 2. Or in English that's 50%. And 1.25 is to 2.35 as 53 is to 100, so about 53% of the funds where in CapEX and that doesn't count what you had in your avatar(25k that was POW's - your sheet again), which had to be something, because you wouldn't have been that married to one place with all those linden. It would contradict your own quote about being diversified! Go back to junior high like PJ said. For those of you who have now taken a moment out of your lives to chase me for linden, think again. The offer from POW is over. Seek your restitution from the guy that you gave the lindens to. That isn't me. I represent POW, not Sky Hedge Fund. The people that accepted the offer that they got off their butts to REQUEST, have been satisfactorily indemnified. Sky has ample funds that he withdrew to give the exact same percentage of investments to each of those that remain unpaid. Skip, your just amazing. You keep calling me a thief, yet you have no proof nor do you try to provide any. You are the bully that thinks that the louder you yell the more correct you are. We all know that that bully is simply ignorant. Delicious, you had an opportunity to discuss this with me well in advance of what took place and you didn't. [2008/03/10 19:23] Sully Okelly: Thank you for your post today Delicious. I respect your decision. I have posted again this evening if you are interested in possibly understanding where I am coming from on all of this. And how I got there. Thx & have a great night :) Sully That message to you was 3 hrs after you posted this: http://www.slcapex.com/forums/author/11896 Which basically states that you think I should stay out of your business, which I have. Exerp from above post: "My opinion on the matter is this - the Sky Hedge Fund is not yours - you have no authority to demand anything about it. As CEO of POW, you are entitled to whatever assets were held in SkyRanger's account that are owned by POW. I understand that valuating that is difficult, but a close estimate should be possible if an executive decision needs to be made in short order. The rest should be returned to SkyRanger, since he is the original, and as far as I can tell, current owner and operator of the SHF. In any case, it will be my direction to you as one of the SHF investors, that the portion of my investment in SHF that you currently control (whatever amount it turns out to be) should be returned to SkyRanger Hammerer." You both(Skip & Delicious) have refered to the "Vote" as having been illegal, unsanctioned, etc. etc. There was only one vote. It was by POW shareholders. These are facts I've told you over and over. So, here it is once more. There was a follow up CHOICE, based on the outcome of the "Vote". It was for Sky Hedge Fund investors. Neither of you made the choice that would have involved your linden or me. So, we have nothing to talk about. The 58% of the funds, owned by those that CHOSE to have me get involved on thier behalf, are all satisfied. they accepted the 53%(roughly) that was in CapEX as full payment. And for those who have issues with math, that doesn't mean that they lost 5%(58-53=5), they lost a lot more(Sky's initial commission, a drop in the fund's value twice & the 5%.)! I hope that this clears things up for you. Those 2 groups of people(POW and the merging SHF investors) have chosen to keep me on and to even pay me (only if I make them linden), this last weekend. You could be reading the meeting minutes right now, but I'm busy dealing with this OLD NEWS! Sully Okelly |
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| Apr 15th 2008, 18:39 Skip Oceanlane |
Re: All Hedge Fund Investors | |
| We call that "fuzzy math" Sully. Again, Bogart Beck stole the assets and gave them to you. I shouldn't have to "vote" to get my Lindens back that you hold of mine. Now do the right thing and return the Lindens to ALL Sky Hedge Fund investors like me - not just the ones that allegedly voted in some fraudulent manner that you choose to give Lindens to, from a vote that cannot be verified by anyone but yourself. Stop the scam and return our money. | ||
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| Apr 15th 2008, 19:30 Delicious Demar |
Re: All Hedge Fund Investors
Edited by author Apr 15th 2008, 19:32 |
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| Sully, you're right - this is old news. Yeah it clears things up for me. You waited 4 days for people to contact you, and if they didn't you kept their portion of the SHF funds that you controlled. I get it. In fact, what I directed you to do was not to stay out of my business, but to return whatever portion of my funds were given to you by SLCapex from SkyRanger, back to him. However, since you controlled the cash, you decided the options open to me. I get that too. As for seeking restitution from SkyRanger - that is difficult - because you controlled 1.25M Lindens of SHF, and from what I can tell - only a portion of SHF investors contacted you and asked to have their portion converted to POW shares. I presume that you simply kept the rest for POW, since we didn't respond within the arbitrary timeline that you imposed. What do you call that? Because it took me a couple of weeks to get back to you, I guess you think that means you are justified in keeping it... sigh... I just wanted to see how business was done on this exchange. From where I sit, it's no different than any of the others - self-appointed experts making decisions with other peoples' money, after ignoring their express and explicit wishes... dd |
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| Apr 16th 2008, 03:49 Sully Okelly |
Re: All Hedge Fund Investors | |
| Skip, You were never asked to vote on anything. Delicous, You had a lot more than 4 days to get involved in your investment options. Both of you refuse to address the fact that Sky is who is responsible to you. I dispersed all of the funds to the Sky Hedge Fund account holders that wanted me to do it for them, in the form of POW shares. That was all that he had at CapEX. The posts were clear and have been clear since the onset. I, personally, recieved no compensation for my work. The fact that you disagreed with my approach was your prerogative and you have to live with that. You and all others had ample opportunity to keep in touch with me regarding what was going on, regardless of whether or not you liked the outcome. Had you opted to recieve and offer, then I'd have included your account in the merger, but that option has passed and unless you get your linden directly from Sky(who withdrew 1.1 million linden in 10 days), you'll end up with nothing. As for the "rest" there was none after I satisfied the offer acceptors. Simple as that. |
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| Apr 16th 2008, 04:51 Delicious Demar |
Re: All Hedge Fund Investors
Edited by author Apr 16th 2008, 05:01 |
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| gotcha so basically you redistributed my money to other SHF shareholders because you didn't like the position I took on the issue, or because you felt I did not make my intentions clear to you quickly enough. Or both. lmfao What you did was wrong, plain and simple - regardless of the fact that I truly believe you came into this with the best of intentions. If you decide on a course of action on behalf of investors - you need to include ALL investors and treat them equally. It should never have been an "opt-in" process to begin with. I have read all of your threads on here Sully - and you throw accusations around at others constantly - is the air more pure up on your high horse I wonder? Hey - I am a realist - I know the money is gone and you won't change your mind - but my position is that you still owe me a portion of the funds that you took on behalf of SHF investors - of which I was one. I know that you will deny that - because you followed whatever arbitrary procedure you put in place to resolve this, and you consider the matter closed. Presumably, this was all done with the blessing of the exchange owners as well. Do people wonder why my faith in exchanges is gone - I mean, look around, people! dd |
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| Apr 16th 2008, 06:25 Sully Okelly |
Re: All Hedge Fund Investors | |
| Delicious, Please back off me, I don't need it. I have no issue with you personally and I'd like it that way. Sky asked for and recieved a list from me of who got paid. And since he intends to take care of everyone(his words), then you should get a large chunk of the 1.1 million linden. He says that that is 29% of the money, so you should make out. His list has you down for having 3.78% of the entire fund, so 3.78% of 2.5 million is 94,500 linden. You invested 100k less 2% for sky leaves 98,000 that's 3500 lost by you. He stated almost a 10% drop in value so that would more than cover you. If I had 71% of the fund, then what happened to the (2.5 * .71=1775000-1.1 million= 675,000L)other 675,000L? That would also mean that he only has to pay off 29% of the fund with what he has left, right? 725,000 L should remain with his cockamammy numbers. If you have 3.78% of 29%, then you'd recieve almost 11% of what is left. That is very close to 80K. So, 98k-10% loss in value would leave 88.2 K due to you. that would be a loss of 8.2 k roughly. Either way that's not too shabby, given your situation. 8200 linden is less than $30 US. And Skip, using the same numbers, you'd be down $15, so why are you so uptight. Get you funds from Sky and leave me be. All I did was force him out in the open and helped those who wanted my help. |
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| Apr 16th 2008, 06:28 Sully Okelly |
Re: All Hedge Fund Investors | |
| The air I breathe is the same stuff you get. I'd like to hear what accusations I've thrown around too. I'll happily substantiate anything I've said or retract anything I've said in error. |
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