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| Mar 11th 2008, 05:13 Vitall Beck |
Traders sweep accounts | |
| I have another question to SLCX management regarding the sweep deposits accounting. My understanding is, before the ban all traders sweep accounts were on JTF balance (later converted to SLW). However, as Arb stated many times in his communication, SLCX operations are completely separate from JTF and other sister entities right now, so I would assume that all trader sweep accounts should now be considered a liability of SLCX and reflected in SLCX balance sheet accordingly. If this is not the case, I would actually be quite worried for my Capex trading balance - who is responsible for this money if not SLCX? We all remember what was the unfortunate result of mixed responsibility for trader deposits previously, I would hope that SLCX management learned from past mistakes and keep all traders money safely on SLCX balance going forward. |
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| Mar 13th 2008, 06:20 Vitall Beck |
Re: Traders sweep accounts | |
| So, what is the answer to this? Why are SL traders deposits not reflected in SLCX accounting? Mr. Wise, Mr. Beck, anyone? | ||
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| Mar 15th 2008, 20:34 Jaysabi Jenkins |
Re: Traders sweep accounts | |
| Are you expecting an actual answer to a legitimate concern about accounting practices of the Wise Empire? You're just an investor. You have no rights. :Þ |
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| Mar 18th 2008, 01:47 Spm Aviatik |
Re: Traders sweep accounts | |
| "So, what is the answer to this? Why are SL traders deposits not reflected in SLCX accounting? Mr. Wise, Mr. Beck, anyone?" If deposits were reflected on the liabilities side cash would have to be seen on the asset side. Some people could ask for that cash for their SLW shares if they saw how much cas this actually is. |
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| Mar 19th 2008, 13:15 Cayman Beaumont |
Re: Traders sweep accounts | |
| Vitall, Have you received a reply to your question? Regards, CB |
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| Mar 19th 2008, 13:21 Bogart Beck |
Re: Traders sweep accounts | |
Nope. |
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| Mar 19th 2008, 16:25 Cayman Beaumont |
Re: Traders sweep accounts | |
| Bo, Ok... how about answering one of my questions. Why as CEO of SLX are you selling so many shares? It doesn't inspire confidence. Regards, CB |
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| Mar 19th 2008, 16:30 Bogart Beck |
Re: Traders sweep accounts | |
Cayman, I've regularly reduced my shares at quarterly intervals - nothing new here. I also buy/replenish on the dips. You'll likely never see my percentage of ownership dip below 10% (which is a considerable holding). As it stands I'm involved in a large SIM development project with several folks here and need the cashflow to fund the effort. That's why we play the game Cay. Bo |
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| Mar 19th 2008, 16:41 Cayman Beaumont |
Re: Traders sweep accounts | |
| Bo., Thank you for your response, you are obviously entitled to do as you wish with your shares. Maybe you should have issued a dividend and received a better price for the sale of those 1.2 million shares ;-) Regards, CB |
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| Mar 19th 2008, 16:48 Bogart Beck |
Re: Traders sweep accounts | |
Were we in a position to issue a dividend Cayman we would. |
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