http://slcapex.com/forums/topic/general/1496 In forum General Investment Discussion en-us Fri, 09 Jan 2009 17:39:30 -0800 Fri, 09 Jan 2009 17:39:30 -0800 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/general/1496
in topic Best Investment Yet by Isegrim Nikolaidis ]]> Sun, 24 Feb 2008 15:08:23 -0800 http://slcapex.com/forums/topic/general/1496/9182 http://slcapex.com/forums/topic/general/1496
1. Banks are regulated so they can provide loans to customers. But in most countries in the world they are not allowed to own companies. Even so they can go bankrupt. But if they do, liquidator who works for depositors (not for owners!) is appointed and liquidates assets in such a way that maximizes recovery for the depositors. This didn't happen here.

2. I wasn't talking about bank deposits but about money in SLCapex trading accounts. These money really shouldn't be invested in any form and should have been kept separate.

Regards

Spm

in topic Best Investment Yet by Spm Aviatik ]]> Fri, 22 Feb 2008 13:33:47 -0800 http://slcapex.com/forums/topic/general/1496/9082 http://slcapex.com/forums/topic/general/1496
What are do you think about this ?

I am looking forward to see what happens when JTIC mature.
Will they get their investments back ?
Will those who invested in those certifactes get their money back , why dont JTF depositors get their money back. The money seems to be invested in the same "security".

If i am wrong .. please correct me.


in topic Best Investment Yet by Sean4you Shepherd ]]> Fri, 22 Feb 2008 10:37:29 -0800 http://slcapex.com/forums/topic/general/1496/9076 http://slcapex.com/forums/topic/general/1496
If you took that as a personal attack, it wasn't. You're also not upsetting me in the least. I simply think that we should agree to disagree, which is what gentlemen do, when faced with an impasse.

Mr. CEO (LOL)

in topic Best Investment Yet by Sully Okelly ]]> Fri, 22 Feb 2008 10:13:57 -0800 http://slcapex.com/forums/topic/general/1496/9075 http://slcapex.com/forums/topic/general/1496
I’m not working for nor against JTF. Nor do I have a single share of SLW – and when I get to the SLW ATM tonight to make my withdrawal I will have exactly L$1.00 invested in SLCAPEX. With that being said I have many friends who have lost deposits in JTF and will continue to stick up for them in a quest to find out where their deposits are.

Sorry if this offends you Mr. CEO.

Warmest Regards,

Ivan


in topic Best Investment Yet by Ivan Halfpint ]]> Fri, 22 Feb 2008 09:19:27 -0800 http://slcapex.com/forums/topic/general/1496/9073 http://slcapex.com/forums/topic/general/1496 I am looking forward to see what happens when JTIC mature.
Will they get their investments back ?
Will those who invested in those certifactes get their money back , why dont JTF depositors get their money back. The money seems to be invested in the same "security".

If i am wrong .. please correct me.

Looking forward to your opinion on that future side issue.

Sean4you but not Ragged



in topic Best Investment Yet by Sean4you Shepherd ]]> Fri, 22 Feb 2008 09:10:11 -0800 http://slcapex.com/forums/topic/general/1496/9072 http://slcapex.com/forums/topic/general/1496
If your right, I'm sure you'll let me know, and if I am, no one will hear from you or the other nay sayers again.

If I were you I'd sell my SLW shares and go play in SL, because you seem to be wasting your own time here.

Or if you like to call people out, you could start to get on LL for the way they handed us all a pile of crap. It's equivalent to the SEC telling all listed companies the same thing we heard. If that happened in RL they would get sued not the listed companies.

I generally would be all over these guys too, but given the circumstances, I've decided to work with, not against them.

Guessing what MIGHT be going on is a huge waste of time and energy and the entertainment factor associated with the arguments is waning. I heard them all the first time.

Have a gr8 day :)

in topic Best Investment Yet by Sully Okelly ]]> Fri, 22 Feb 2008 08:51:42 -0800 http://slcapex.com/forums/topic/general/1496/9070 http://slcapex.com/forums/topic/general/1496
You say ‘If Arb had a deceitful bone in his body we'd all be screwed, blued and tattooed!’. Well if honest Arb tried a stunt like this in RL he would be in jail. I am asking five simple questions that people have a right to know and until they are answered fully and concisely depositors really won’t know where they stand.

Let me tell you what it looks like to me Sully – Arbitrage took these peoples deposits and started up a business with some lame sports betting software. Which #1 there is a small market for #2 there is lots of competition #3) The website is absolutely horrible #4) there is no way he could have sunk over 200k USD in that business. If that is what he is relying on to pay people back their deposits – forget it. Maybe selling SLW for L$0.60 is not a bad decision. Anyway til the crucial questioned are answered by Arb no one will know for sure.

If I sound a little testy here it is because I am tired of seeing people ripped off in SL and then having people make excuse after excuse. People put their money in JTF bank under the agreement that heir funds would be available for withdrawal when they chose. That agreement was broken by JTF there is no excuse for that period. ALL assets of Arbitrage companies should have been liquidated – period – that’s the right thing to do – it didn’t happen. Again the big loses are the depositors and small investors as always while the SL Ceo’s/execs continue on as usual.

Ivan


in topic Best Investment Yet by Ivan Halfpint ]]> Fri, 22 Feb 2008 06:11:25 -0800 http://slcapex.com/forums/topic/general/1496/9057 http://slcapex.com/forums/topic/general/1496
All in all Surebets are pretty useless because you have to deposit money on 100`s different Sportsbooks to grap some little 2-3% on the spread.And sometimes the Sportsbook deposit/withdraw fees eating up these some % profit asap,too.

And yes any website accepting payments is required by law to have real name, phone number, and address of the site owner for people to contact.

Little strange that the owner of slcapex is into sportsbetting that much, now we know where all the money is gone hahaha

<3

Eatsome



in topic Best Investment Yet by Eatsome Donat ]]> Thu, 21 Feb 2008 18:01:26 -0800 http://slcapex.com/forums/topic/general/1496/9028 http://slcapex.com/forums/topic/general/1496 http://www.juicetrading.com
it has no IMPRESSUM and RL Adress Information+Phone number.
Only a basic contact formular.

Every Homepage has to have it thats´s LAW.

And...why pay 99.99us$ for a programm that looks for the best surebets odds when can have for free also in internet?
http://www.betbrain.com e.g. ^^

in topic Best Investment Yet by Sportsbets Writer ]]> Thu, 21 Feb 2008 17:13:46 -0800 http://slcapex.com/forums/topic/general/1496/9022 http://slcapex.com/forums/topic/general/1496

these Questions like this:

What is the current value of the deposit investments?

Please post a complete list of investments that depositor money is invested in?

THIS Questions you NEVER will get answers.


Nicholas from Ginko was asked the same Questions ,they never get answered,too.

Most of the money is gone in own pocket (when Arb is WISE,he did...)or burned in Sportsbetting (maybe Arb made http://www.juicetrading.com to find the best odds for our money more easy LOL)or some other high spekulative RL Investments that did not pay out in the end.

Simply because when NOT, it would be THERE and everybody could payed out easyly and no Conversation tricks and stuff.
Paying 0.1% interest was not a big problem to pay with new depitors money, that`s how a ponzi system works.But after the banking ban many ppl cashed out in fear and that´s really no good for a ponzi system at all ;)


SLW is nothing other than the good old Gink Bonds, just another name.

You really think they buy back for 1.03 ? I bet 100 us$ (RL money) against it.And you know, i am famous in betting :D

Always remember one thing, they all want our best - our money ;)







in topic Best Investment Yet by Sportsbets Writer ]]> Thu, 21 Feb 2008 17:02:11 -0800 http://slcapex.com/forums/topic/general/1496/9021 http://slcapex.com/forums/topic/general/1496
If Arb had a decietful bones in his body we'd all be screwed, blued and tatooed!

Get with it PEOPLE!

Get behind the man instead of hindering his efforts rehashing the same questions.

No one here has paid a nickel for FDIC insurance on their deposits, so count that as a savings. Now think of the return that you received while interest was allowed. Then we have the collateral of shares.

Does any of this sound like cut and run? If so, why hasn't he left yet?

I stand to gain by staying and if you join me and many others, you can too.

A ton of people keep acting like this is some horrible act perpetrated by Arb & Co. to steal. What are you talking about?

If ANYONE, needs help in truly understanding this, or just wants to discuss the situation, I am offering my help. I can be sent questions at michaeljsullivan@gmail.com and will reply to any(ALL LANGUAGES ACCEPTED & RESPONDED TO). If you want someone else to discuss it with, I'm certain that there are others, that are glad to assist as well.

Look at Ginko, WSE, Linden Labs(interset/gambling bans), all examples of the mis-use of position/power or stupidity. Arb is doing what HE sees fit to do. It's his company and responsibility, so help him, not hinder. He got handed lemons and is making some kick-ass lemonade, try it, you'll like it :)

Sully :)

ps. The interest fairy died and won't be back, but the linden will.

in topic Best Investment Yet by Sully Okelly ]]> Thu, 21 Feb 2008 16:21:19 -0800 http://slcapex.com/forums/topic/general/1496/9019 http://slcapex.com/forums/topic/general/1496
But I must agree that RL banks don't ask me for my permission on every investment they do. RL banks don't have ALL their deposits sitting around in the bank just in case all depositors decide to withdraw all their funds at once either.

I have and DO ask my banks (RL and SL) what they are doing with my "money", and I only "invest" in things I'm comfortable with RL and SL. (this is also a vote of confidence for SLCapeX and the requirements for stocks to provide regular timely info, etc.).

Have some people been "burned" in SL? Yes. Have some lost money selling out their force-convertes shares in SLW? Yes. Who's to blame? That's harder. I lay the blame at LL, but (see another post) I know LL will not be held liable.

I think, but ultimately it's Arb here (at SLW) who's going to be trying to "make good" on the outstanding SLW shares (whether held by the original holders who had account converted OR shares sold in desperation to wolves who will make quite a profit in exchange for their taking on the risk and fullfilling [at a reduced value] those who demand to cash out their SLW conversion shares.) Note that Arb's "profit/cut" doesn't change. SLCapeX gets a small fee for each stock sale/transaction, but in the end Arb is trying to make good with what little is available/liquid because he is honourable.

When it comes to definitions of "riskless cash" -- it was riskless while in the PERSON'S hands. Once brought in game as a Linden, it was no longer "riskless" nor even can be called "cash/money" with a set-certain-guaranteed value. No, I'm not trying to blame the avatars, myself included, that choose to "play" in this game/simulation of Second Life, but LindenLabs for their "protecting LL" and policy implentation that don't consider the damage such doing wreck on investors and depositors and sane solid (but unable to forsee LL's antics) financial officers.

in topic Best Investment Yet by Insouciant Yue ]]> Thu, 21 Feb 2008 13:49:03 -0800 http://slcapex.com/forums/topic/general/1496/9008 http://slcapex.com/forums/topic/general/1496
Have you read about that banking man in europe, working at that big bank Societet General ?
31 years old and swindled his bank for 12 BILLION US$.
Would you say thats a good investment?

Anyway, he is prosecuted. So somewhere someone have to autorize businees in banks. They dont invest without permission. And they have routines to follow.



in topic Best Investment Yet by Sean4you Shepherd ]]> Thu, 21 Feb 2008 13:33:06 -0800 http://slcapex.com/forums/topic/general/1496/9005 http://slcapex.com/forums/topic/general/1496 Does any RL bank ask your permission before investing your money into other businesses? Or do you think they manufacture your interest by magic? It's not fraud - it's banking.

LL gave JTF no opportunity other than to come up with a new business model on a very short notice (or just go away). I notice Arbitrage is still responding to posts; please tell me why he didn't just bail out SL altogether, leaving his depositors with NOTHING convertable.

in topic Best Investment Yet by Revolvo Rotaru ]]> Thu, 21 Feb 2008 11:56:09 -0800 http://slcapex.com/forums/topic/general/1496/8995 http://slcapex.com/forums/topic/general/1496
in topic Best Investment Yet by Spm Aviatik ]]> Thu, 21 Feb 2008 10:16:34 -0800 http://slcapex.com/forums/topic/general/1496/8991 http://slcapex.com/forums/topic/general/1496
(the rest of this post is NOT directed directly to Ivan but to readers in general. Alas, many who need to know it probably won't be reading here but will be writing complaints or "so, where's my money")

The following is NOT "fact as I know it", but opinion as I'm deducing:

The sports arbitrage program (Juice Trading) needs some capital to work with -- take all the working capital away and it would all be a waste. (Development of the Juice Trading system cost money, and however good it may be, it would become worthless if not able to be used.) Some have said "sell the system itself" to raise money to pay back depositors. Maybe this is happening, maybe not. But the more working capital the system has to bet/work with, the better it can "pay off" when it detects a favourable opportunity.

With the stock price under 1L, the "wolves" rightly see the opportunity (risk of SLW not being able to be bought back due to failure to raise the money eventually or LL stepping in). The sheep who are willing to settle for less than 1 for 1 can sell out to the wolves. (Arb is not the one "stealing and giving a smaller return than the 1L conversion", but many just don't seem to understand this -- the sheep are getting taken advantage of by the wolves with capital and willingness to risk... Arb just made it possible by doing the conversion because that was the best way ahead to be able to eventually get out and have everything settle up fairly and fully.)

in topic Best Investment Yet by Insouciant Yue ]]> Thu, 21 Feb 2008 10:01:34 -0800 http://slcapex.com/forums/topic/general/1496/8990 http://slcapex.com/forums/topic/general/1496
SLW has no value and it doesn’t matter what it trades for - JTF has already stated it will repurchase shares and SLW will act the same as an IOU. Even if SLW trades for a penny JTF has an obligation to repurchase for L$1.00.

The reason it is trading now at a discount is because the market sees the L$1.00 buyback as questionable and the 0.60-0.65 reflects the perceived risk.

When Arbitrage answers the above questions I think former depositors will be able to make an informed and wise decision about what they should do with their SLW shares. Until he discloses fully what he is doing with THEIR MONEY and depositors do have to realize it is THEIR MONEY not JTF's - SLW is just a crap shoot. Don’t let all this talk of SLW distract people from he real question - where are the deposits – what is it invested in – what is the time frame of the investments – and how much of the deposits actually still exist.


in topic Best Investment Yet by Ivan Halfpint ]]> Thu, 21 Feb 2008 09:26:33 -0800 http://slcapex.com/forums/topic/general/1496/8988 http://slcapex.com/forums/topic/general/1496
Ok, I'm sorry I missed that 1.03 explicily but I see where you have it being at least reimbursing the exchange transaction percentage and the 1L/share convertion).

I should add that I didn't mean my post to be disparaging, though re-reading it sounds like it. I do think you are doing all you can but that you were severely crippled in what you could do -- the hemorhaging of liquid cash by the bank run caused by the FUD (Fear, Uncertainty, & Doubt) in how LL "announced" the new policy.

I have not pulled anything out myself, but we (wife and I) are putting in selectively -- I think there are some sound values out there on CapeX. In light of my misreading, (and still believing in your dedication and faithfulness), I will take another look at getting in to SLW.

in topic Best Investment Yet by Insouciant Yue ]]> Thu, 21 Feb 2008 09:21:27 -0800 http://slcapex.com/forums/topic/general/1496/8987 http://slcapex.com/forums/topic/general/1496
Looking at the volume and price of SLW since the conversion, how will you be able to honour the minimum price of 1.03? Don't you think that investors will line up at 0.90 to get a neat profit? And round we go again. Won't the gap stay between 0.70 and 0.90 for ages? Just how will the bank depositors be able to get 1.03?

Yanik

in topic Best Investment Yet by Yanik Lytton ]]> Thu, 21 Feb 2008 07:38:20 -0800 http://slcapex.com/forums/topic/general/1496/8982 http://slcapex.com/forums/topic/general/1496
So I just have some easy straight to the point questions so that former depositors know exactly where they stand.

What is the amount of deposits that have not been honored?

What is the current value of the deposit investments?

Please post a complete list of investments that depositor money is invested in?

What is the rate of return expected on each investment?

What is the expected date of maturity on each investment?

Thanks in Advance,

Ivan


in topic Best Investment Yet by Ivan Halfpint ]]> Thu, 21 Feb 2008 05:16:53 -0800 http://slcapex.com/forums/topic/general/1496/8980 http://slcapex.com/forums/topic/general/1496
Insouciant - if we're ever to take SLW private, the final buyback would have to be at least 20% above trading prices (but still has to be above 1.03).

I just kind want to throw this discussion out there to hopefully move forward and work together to rebuild SLWallet.

In the prospectus, I've wrote:

"If we can reach these goals, we should make roughly 2.4M a month on revenue. Based on a real world 3-year valuation and assuming a monthly expense of 400,000 per month, SLWallet is worth around 72M (2M x 36months), which is relatively cheap for a company that has such brand awareness in SL."

I would like everyone's inputs on some of the businesses that we've started. Can we reach our goal? Suggestions? Recommendations?

I know they'll be people out there who still doubt us (without even giving us a chance). However, I'll tell them this - IF (a big IF) we do get out of the credit crunch, I'll use my personal profits FIRST to reimburse you for whatever you lost for dumping your shares. All I ask is that we keep this thread complaint-free so that we can have a productive discussion.

in topic Best Investment Yet by Arbitrage Wise ]]> Thu, 21 Feb 2008 03:00:42 -0800 http://slcapex.com/forums/topic/general/1496/8972 http://slcapex.com/forums/topic/general/1496
but the Official Prospectus (released a day ago) just says "buy back eventually at 20% over the Market Value". Any shares you had converted were converted at 1L. If you buy some now when the price went down, it's your speculation. But I don't see anything that will necessarily say it must get back up to 1L/share for the market value. Of course, if you do see it go to 10L/share and the buy-back gives you 12L then that's very very nice! (I put my funds into other stocks during "decision week", and I've moved more Lindens in and bought other stocks for what I think are good investments when some needed to sell out.) Anyway, I hope your investment (and SLW) works out well as I hope my analysis and picks do for the ones I bought more into.

in topic Best Investment Yet by Insouciant Yue ]]> Wed, 20 Feb 2008 19:05:08 -0800 http://slcapex.com/forums/topic/general/1496/8962 http://slcapex.com/forums/topic/general/1496
in topic Best Investment Yet by Neophyte Republic ]]> Wed, 20 Feb 2008 16:30:01 -0800 http://slcapex.com/forums/topic/general/1496/8959