http://slcapex.com/forums/topic/SLW/1753 In forum SL Wallet Public Forum en-us Fri, 09 Jan 2009 18:03:12 -0800 Fri, 09 Jan 2009 18:03:12 -0800 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Tek Bachman ]]> Sat, 12 Jul 2008 11:23:14 -0700 http://slcapex.com/forums/topic/SLW/1753/14847 http://slcapex.com/forums/topic/SLW/1753 http://www.your2ndplace.com/node/845

To date, we have not had a single customer lose a single Linden with our bank. We have shown how we earn the interest, we have offered to sign contracts with anyone wanting to protect their money, and have been accessible to every one - there's nothing more we can do. We're not asking anyone for new deposits... all we're asking for is time. We're not short in funds, we're just short on time and liquidity. Yes, some of you may lose your land, but if my past actions show you anything, it will show you that we will do everything we can to make you whole again. It may take us anywhere from 5 months to 1 year to turn this thing around, but we will turn it around.

in topic Is everyone tired of SLW? by Patent Writer ]]> Sat, 05 Jul 2008 07:02:14 -0700 http://slcapex.com/forums/topic/SLW/1753/14628 http://slcapex.com/forums/topic/SLW/1753 This is the quote of exactly what LL said about this.

“As of January 22, 2008, it will be prohibited to offer interest or any direct return on an investment (whether in L$ or other currency) from any object, such as an ATM, located in Second Life, without proof of an applicable government registration statement or financial institution charter. We’re implementing this policy after reviewing Resident complaints, banking activities, and the law, and we’re doing it to protect our Residents and the integrity of our economy.”


Arb did submit paperwork to LL in an attempt keep JTF paying interest, but LL rejected it, so that meant the JTF could no longer be allowed to pay interest. You can read Arb's reaction to this news in the interview with him published on this web page:

http://www.your2ndplace.com/node/845

in topic Is everyone tired of SLW? by Jill Clary ]]> Sat, 05 Jul 2008 05:12:59 -0700 http://slcapex.com/forums/topic/SLW/1753/14625 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Patent Writer ]]> Fri, 04 Jul 2008 22:20:31 -0700 http://slcapex.com/forums/topic/SLW/1753/14621 http://slcapex.com/forums/topic/SLW/1753


in topic Is everyone tired of SLW? by Sportsbets Writer ]]> Fri, 04 Jul 2008 19:28:14 -0700 http://slcapex.com/forums/topic/SLW/1753/14618 http://slcapex.com/forums/topic/SLW/1753 I can see some of what you are saying, but LL did not ban all banks, just ones that paid interest. Actually, not even all that paid interest where banned. If any could show the proper banking documentation to LL, they can still operate in SL. All the others are still in operation, that didn't pay interest, with the Apez one as just one example. All Arb had to do was show LL that JTF was no longer paying interest and that is what we were told, even in a notice sent out to the JTF group, that SLW was suppose to be, originally. Just a bank for holding our money, like the Apez one, that didn't pay interest, just as an alternative place to hold our money at over keeping it on our Avatars in the game. I would have been happy with that and and I'm now holding my excess money in both SLX and Apez, instead of SLW.

The SL game players did send thousands of complaints to LL about these banks that paid interest, since LL agreed that it looked like most where just pyramid schemes or ponzi schemes, they decided to close all the ones down that paid interest and couldn't provide LL with the proper banking documentation, to protect the players. Granted, JTF wasn't a complete pyramid scheme, with some of the income or most of it coming from investments, and the bank run caused some of the assets to be sold off, but the main income, from what interviews that I've found done with Arb and post that Arb has made, in the past, seems to have been from Juice trading, which doesn't seem to be contributing to the income to SLW, like it did with JTF. Maybe Bogart can clarify where the money from Juice trading is going to now, that Arb said was providing the income to pay the interest rates with for JTF. So it seems there is more going on with the situation of SLW then just LL closing down banks that paid interest.

in topic Is everyone tired of SLW? by Jill Clary ]]> Fri, 04 Jul 2008 07:01:36 -0700 http://slcapex.com/forums/topic/SLW/1753/14612 http://slcapex.com/forums/topic/SLW/1753 I know its frustrating .
But if you compare things with RL Banks then try to do it v compleetly.
What do you think whould happen if for example the goverment of your home country suddenly would prohibit Banks ?
You could realy be happy if you would ever see anything of your deposits again. Most banks would just go to bankruptcy and pass away . You could be happy if they would turn your Account into tradable shares and even at 10 % value you could be glad to sell them.
So to answer your question . Yes if in MY homeland the goverment would prohibit all banks i would be glad if the bank would do what JTF did . JTF could just have declared Bankruptcy (independent from SLCapex that would have been able to contine as the trading platform )

The question is why don't all depositors are sending furious mails at Linden Labs ?

Yes it is 7 month since this started but which rl bank could liquidate within that time paying out all deposits ?
I think a realy big Part of the money of each bank is in Longterm investments that are not liquidatable within years.
Did all the depositors in JTF think arb would take the money and put it on a Bankbook ? We all where clear that the high interst rates could only be payed by putting the money into some long term buisenes. So if someone would have given it just a little thought then he would have cashed out when the shares where trading at 60 to 70 linden at the beginning because it was verry clear Arb would not be able to buy all Back within a year.

But theres one thing that the SLW Management is to blame about . that they where giving out wrong information about all this . I at least was told that the plan was to do all buybacks within 6 or 8 month. This was realy very unrealistic (and unfortunately iwasnt experienced enough to see this )

Manuela

in topic Is everyone tired of SLW? by Manuela DeVinna ]]> Thu, 03 Jul 2008 22:10:56 -0700 http://slcapex.com/forums/topic/SLW/1753/14610 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by joey Forwzy ]]> Thu, 03 Jul 2008 16:36:40 -0700 http://slcapex.com/forums/topic/SLW/1753/14604 http://slcapex.com/forums/topic/SLW/1753 I guess that's a good way of looking at things, if you have years to wait and money to burn and don't need the money for anything else. Those of us that where just bank depositors are only interested in being able to withdraw our deposits again and never had any intention of having stock or playing the stock market. Imagine your reaction, if your RL bank did this too your bank savings deposits. I don't really care if the day traders or Bogart buy all the stock up from those that are desperate to get some of their money back or not and manage to find someone to resale the stock to, some year down the road, at a higher price. I only care that someday, I'll be able to get at least 80% of my deposits money back. I have nothing against the day traders or stock hoarders like Bogart. If it wasn't for them, the amount of people being able to get at least a tiny percentage of their money back would be dramatically reduced. So if they make some money off of buying up the stock now, from finding someone to resale it to years down the road, the more power to them. I'm sure that for those that plan on making a high risk, long term, stock investment and are not concerned with how long it might take, SLW would look attractive.

I haven't sold any of my bank deposit IOUs off either and there are a lot of us, just sitting around and waiting for some year to come along, that we will be able to get our deposits back, within. This is why it's so sad, to me, to see 7 month now, go by, with the stituation of SLW slowly deteriating away.

Come to think of it, maybe this forum should be split into two halves. One section just for the JTF Bank Depositors and one for the Traders that came along after Arb converted all our bank deposit IOUs into stock and coverted JTF into SLW. Maybe the overall conversations wouldn't be so confusing with the two mixed points of view crossing paths all the time. People like me are talking from the JTF Bank Depostitor point of view and have no concern for the Trander's point of view on things, and I'm sure the situation is the same with the Traders having no interest in the JTF Bank Depostitor's point of view on things.

in topic Is everyone tired of SLW? by Jill Clary ]]> Thu, 03 Jul 2008 09:35:15 -0700 http://slcapex.com/forums/topic/SLW/1753/14594 http://slcapex.com/forums/topic/SLW/1753 What i am wondering about is that the top then shareholders are not selling.None of them . Borgart even bought several hundred thousand more Shares .
I think that it is verry probable that borgart has a good insight in what happenes at the moment at SLW because hes talking with Arb a lot. So he buys chap at the moment and will probaly be the one who laughs at all the people who sold at the end.
I dont see any other reason why he bought milions of SLW shares

Manuela

in topic Is everyone tired of SLW? by Manuela DeVinna ]]> Wed, 02 Jul 2008 03:34:01 -0700 http://slcapex.com/forums/topic/SLW/1753/14569 http://slcapex.com/forums/topic/SLW/1753 Sportsbets Writer Re: Is everyone tired of SLW?
Hm,there is also the option Arb going to a bank and taking a personal 50K US$ loan for the buy back.
Otherwiese i not think he will make enough money with his companys to buy back all the shares before the 7.1 Years. "



"Yesterday, 18:03
Sportsbets Writer Re: Is everyone tired of SLW?
Hm,there is also the option Arb going to a bank and taking a personal 50K US$ loan for the buy back.
Otherwiese i not think he will make enough money with his companys to buy back all the shares before the 7.1 Years. "


If arb had a legitimate business plan that had real potential of making money, a 50,0000 business startup loan is easy to get. Just takes a good business plan. Most banks don't even want to loan that little for a business and will opt to make it a personal lone instead.


DO I see that happening.

Honest opinion is no, why should he. He already got the money interest free with out the need to implement any form of payment plan and if he Welches completely... what can you do about it... NOTHING.


People want to keep the faith in him and thats cool with me, to each their own. You can back him till your blue in the face but facts are facts.

The numbers say all that need to be said. Unless he comes up with some mirical way of making a crap load of money... He may as well of just ran off cause your not going to see any of that money any time soon if at all. He certainly has no intention of taking it out of his own pocket or recooping the monitary costs from the OTHER exchange bussinesses that are CURRENTLY AND activly using the services crerated with the money from SLW assets.





in topic Is everyone tired of SLW? by Jini Hammerer ]]> Mon, 30 Jun 2008 04:31:16 -0700 http://slcapex.com/forums/topic/SLW/1753/14517 http://slcapex.com/forums/topic/SLW/1753
Nice find on WSE Facebook tho... interesting to say the least.

in topic Is everyone tired of SLW? by Bogart Beck ]]> Sun, 29 Jun 2008 20:38:35 -0700 http://slcapex.com/forums/topic/SLW/1753/14515 http://slcapex.com/forums/topic/SLW/1753 Otherwiese i not think he will make enough money with his companys to buy back all the shares before the 7.1 Years.



in topic Is everyone tired of SLW? by Sportsbets Writer ]]> Sun, 29 Jun 2008 18:03:33 -0700 http://slcapex.com/forums/topic/SLW/1753/14512 http://slcapex.com/forums/topic/SLW/1753

Its 7 months since the tragic event that caused the Situation.

Arb owns 7,000,001 stock thats 8.2% in 7 months.

At that track record it will take him 85 months to buy back ALL the stocks or 7.1 years.

Still think its a good investment? LOL


You can back arb till all your money is spent. but hard numbers speak only in fact.








in topic Is everyone tired of SLW? by Jini Hammerer ]]> Sun, 29 Jun 2008 14:14:26 -0700 http://slcapex.com/forums/topic/SLW/1753/14507 http://slcapex.com/forums/topic/SLW/1753
like WTF, I thought SL Capital was saying it would be there to use in wallet if we didn't rush the bank and pull out like all the others did....now I'm thinking they were the smart ones and I'm an idiot for trusting these people with my sl money.

SJ

in topic Is everyone tired of SLW? by Sparkle Junot ]]> Fri, 27 Jun 2008 19:31:56 -0700 http://slcapex.com/forums/topic/SLW/1753/14486 http://slcapex.com/forums/topic/SLW/1753 I can understand you not liking my one post on where you tired to show that Arb was going to do something, that he didn't actually say he was going to do, but even you did not refute the proof that I presented, showing that he never said that.

in topic Is everyone tired of SLW? by Jill Clary ]]> Fri, 16 May 2008 06:33:50 -0700 http://slcapex.com/forums/topic/SLW/1753/13273 http://slcapex.com/forums/topic/SLW/1753 If all you have to offer, is sarcasum, you will never get most people to listen to you. Certainly, not me, for sure. Just my thoughts.

in topic Is everyone tired of SLW? by Jill Clary ]]> Fri, 16 May 2008 06:28:46 -0700 http://slcapex.com/forums/topic/SLW/1753/13272 http://slcapex.com/forums/topic/SLW/1753
In the end that means, that large shareholders, who get afraid and just sell all their shares to "get what they can", can manipulate the market to a very very very low level. that has nothing to do with any buybacks, as they usually get the price up, coz normally a buyback is a market and not a limit order.

Let's say, next month there will be 200.000 L$ up for buybacks, then it won't probably even reach the 0.50 again coz there are many many shares in open sell orders (limit orders) then those 200.000 can cover and the daytraders who had the luck to buy shares for 0.20 or below make a huge profit out of that. It's not the company that drives the price down, it's people bitching, panicing and selling for big loss who do it.

And about the "bitching around thing" ... i suggest to Jini and Jill to open a "let's bitch arb" thread so they can whine all day and night, spend their energy into this and we can live in peace and try to work on an idea how everybody can be treated fair.

Greetz,
Angi

in topic Is everyone tired of SLW? by Angi Fargis ]]> Fri, 16 May 2008 04:14:07 -0700 http://slcapex.com/forums/topic/SLW/1753/13265 http://slcapex.com/forums/topic/SLW/1753

in topic Is everyone tired of SLW? by Sekai Takaaki ]]> Fri, 16 May 2008 01:34:39 -0700 http://slcapex.com/forums/topic/SLW/1753/13262 http://slcapex.com/forums/topic/SLW/1753
LOL! Aww man! That just made my day!

Jill, when dealing with someone, perhaps someone like you, who refuses to see anything but negative things, or simply ASSUMES things, no amount of talking with civility will do the trick. You've repeatedly made claims of Arb and company that insist that there is fraud, okay, you have claims, where is your proof? Until you can produce a credit card receipt(s) with Arb's name on it showing that he's spent all the money on booze and broads in Acapulco, then your claims are as hollow as you think Arb's claims are. You insist that your guesses are correct, even when evidence slaps you in the face of otherwise. So how is a person to deal with you except with sarcasm and with a bit of unseen eye rolling?

Your rants have the effect of yelling at a flat tire, without any ambition to actually help fix the flat tire. Why is it too hard to TRY to come up with something constructive? Here's my injection of constructive advice specifically tailored for your specific metabolism... 10mg of patience, 100mg of valium, and 1000cc's of shut your yap. I highly doubt you'll take your recommended meds on this, but at least it beats trying to come up with new ways to create a destructive self-fulfilling prophesy.

Just remember one thing: If your facts don't meet up with reality and what is fact to everyone else, then perhaps your facts aren't actual facts, but your own wishful thinking. Chew on that one for the brief moment that you've quit your bitching.

Honoris Causa...
Silverblade Dagger

in topic Is everyone tired of SLW? by Silverblade Dagger ]]> Fri, 16 May 2008 01:11:02 -0700 http://slcapex.com/forums/topic/SLW/1753/13261 http://slcapex.com/forums/topic/SLW/1753 GREAT! Then I suppose you'll STOP whinning incessantly about things now, right?

I didn't think so...

BTW, the reason I and several others are so sarcastic is that in spite of our best efforts to explain and illuminate and share valuable information - about once a day some ill-informed holier than thou self rightious nincompoop comes along and spends oh... say three maybe four hours writing all manner of rumor, propoganda, outright lies and other sorted tales in an effort to discredit Arbitrage and others.

On occassion (lets just say DAILY!) four or five or more people all post this same nonsense all over our once freindly forum- adding ZERO value, providing NO new information, solving NO problems, contributing essentially NOTHING to the community or its welfare except for their own self-satisfaction of THINKING they have a CLUE.

Most of the time they haven't even bothered to look and see if such topic has been covered and/or asked and answered elsewhere - they just spew their baloney as if it's fact.

Now Jill, I certainly would never accuse you of being one of those folks - I mean, you've done your research, you're well informed, you've been an active and articulate contributer here for, what? 40 days?

Yea... yer a damned authority on all things here now aren't ya? NEVERMIND!

in topic Is everyone tired of SLW? by Bogart Beck ]]> Thu, 15 May 2008 21:26:36 -0700 http://slcapex.com/forums/topic/SLW/1753/13258 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Jill Clary ]]> Thu, 15 May 2008 21:14:09 -0700 http://slcapex.com/forums/topic/SLW/1753/13257 http://slcapex.com/forums/topic/SLW/1753 Heya Moonbeam... look here - just for you!

http://www.slcapex.com/forums/topic/SLW/1892?page=3

in topic Is everyone tired of SLW? by Bogart Beck ]]> Thu, 15 May 2008 21:09:22 -0700 http://slcapex.com/forums/topic/SLW/1753/13256 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Jill Clary ]]> Thu, 15 May 2008 21:03:36 -0700 http://slcapex.com/forums/topic/SLW/1753/13255 http://slcapex.com/forums/topic/SLW/1753 No you won't... we've tried. You'd rather spend your time circle jerking around and creating fear, uncertainty, doubt, conspiracy theories, et al...

It's more FUN and ENTERTAINING to spread total BS than it is to hunker down, do some research and learn the truth.

in topic Is everyone tired of SLW? by Bogart Beck ]]> Thu, 15 May 2008 20:57:26 -0700 http://slcapex.com/forums/topic/SLW/1753/13254 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Jill Clary ]]> Thu, 15 May 2008 20:54:06 -0700 http://slcapex.com/forums/topic/SLW/1753/13253 http://slcapex.com/forums/topic/SLW/1753 Jillzy, who's to say they're NOT?

Who's to say they haven't collected ANY COMPENSATION SINCE DECEMBER SO ARB COULD FINISH HIS SOFTWARE.

Who's to say that there aren't four or five people working day and night rebuilding SIMS, running an Exchange, writing thousands of lines of code, spending countless hours in meetings with vendors and investors?

Who's to say there aren't an equal number of people spending HOURS each day trying to explain to folks that refuse to listen or comprehend EXACTLY what HAS HAPPENED, IS HAPPENING and COULD HAPPEN?

Imagine how much MORE PRODUCTIVE WORK could be accomplished if those same people got to spend even half of their time doing things OTHER THAN defending the strategies and efforts of JTF-SLW in the Forums?...

Nah... better to just bicker incessantly in the Forums...

I mean c'mon this is SL... home of the 7x24x365 Soapbox DRAMA.

Bo

in topic Is everyone tired of SLW? by Bogart Beck ]]> Thu, 15 May 2008 20:49:52 -0700 http://slcapex.com/forums/topic/SLW/1753/13252 http://slcapex.com/forums/topic/SLW/1753 I do recall Arb saying he needed to come up with money and or a plan to be able to finish a lot of these projects he need to be finished to be able to get any sort of decent imcome per month for SLW. Why none of you offered to help, I don't know. If he was having problems with the one scripter and paying him, as he said, why didn't you make him an offer to help him pay for the scripter to get things moving? Seems like you have inside info. that none of us have and you keep saying it's so great, with nothing to back up your rosy picture you keep trying to protray, except that you are an insider. Seems to me, if you have good info that what Arb is doing is so great and you want to be able to cash in on it, you would be begging him to let you help get it done. Just my thoughs.

in topic Is everyone tired of SLW? by Jill Clary ]]> Thu, 15 May 2008 19:05:54 -0700 http://slcapex.com/forums/topic/SLW/1753/13249 http://slcapex.com/forums/topic/SLW/1753 I made and account with JTF just to protect my clubs money from an SL black hole, if it also made any interest, that was just something nice. I didn't care how much the interest was. I only put the clubs money in after reading all the missleading documentaiton on the JTF site and taking to the employees at the JTF sim and they assured me that JTF could handle any bank run and that they were solid and not run like the rest. In short, I was tricked into thinking that JTF was properly run and also, when Arb lowered interset rates, that also made me think it was properly run and I even talked to him personally and had one of his ATM's on our club lands. Never once was it mentioned what he was realling doing with all our deposites and that there was acttually very little liquid assets available to handle any emergancy with, let alone a bank run. So you see, I'm not only pissed about this stock scam that he forced me into, without my permission, but all the continung lies he has been telling everyone and his workers have been telling everyone, since it was JTF. We were told, even after JTF was forced to shut down, that changing to SLW (Wallet) was to just be a non-interest paying bank to hold our money so that it would be in compliance with LL TOS rules, but that isn't what he did. I can list you out a long list of lies that him, his documentation on JTF and SLW, and his employees have told everyone in the past. So yes, I'm extremely pissed about it all and I'm going to keep trying to point out the facts and not let him keep trying to mislead everyone, like he always has. If I state anything that is wrong, I will correct my statements, but so far, nothing that I have posted has been challenged to not be accorate.

in topic Is everyone tired of SLW? by Jill Clary ]]> Thu, 15 May 2008 18:03:27 -0700 http://slcapex.com/forums/topic/SLW/1753/13248 http://slcapex.com/forums/topic/SLW/1753
However, Sekai, ACTUAL bank customers are the ones that drove the prices down in the first place by selling less than was advised so to refund actual bank customers from a list would be take TREMENDOUS time to complete as some people have sold their shares and each and every account would have to be checked to verify that.

I do agree with the previous poster in reference to the greed. I think a lot of people were so caught up in the interest rate that they failed to have any valid research completed on banking as a whole and the sting of previous failed banks to the future of others.

Had there not been a banking ban, I think that all the banks would have dropped interest rates to a much more manageable rate and evened out the market and all of us would still be doing business as before. However, we had a group of SL residents that ran to Linden Labs to save them from themselves after they got burned over Ginko.

Not one day in SL did I ever put a single dime in that bank because something didn't feel right about it. After hearing from an executive close to the bank's owner that he took a $300,000 USD "loan" from Ginko causing the bank to be 2% liquid, that let me know that my decision was right.

On the flip side of that, there are several banks in SL that were run fairly well but because of greed on the depositors end and on the owners end, we are all forced to stomach this semi-charmed Second Life.

At this point, I think whining and accusing is mundane and yawnable. What's done is done. Touch your face and make sure you are still alive and move on.

in topic Is everyone tired of SLW? by Lindsay Druart ]]> Thu, 15 May 2008 14:58:09 -0700 http://slcapex.com/forums/topic/SLW/1753/13238 http://slcapex.com/forums/topic/SLW/1753
An example to make my point:
The purpose of the buybacks is to refund actual bank customers who had money in the bank.

Say there are 1000 people who had money in the bank and are waiting for refunds at 1.03 (just an example).

Say these 1000 customers are owed 4mil L$ (another example)

How are they supposed to get their money back when 5000+ have stock @ below 1.03 and the buybacks never reach the 1000 1.03 customers?

Eventually he will reach the 4mil in buybacks (just an example) and never refunded the intended people.

What now?

Isnt he better off making a list of ACTUAL bank customers and paying them directly? Otherwise, he will never reach them because of all the stocks being sold in between.

He has to stop the buybacks eventually....

in topic Is everyone tired of SLW? by Sekai Takaaki ]]> Thu, 15 May 2008 10:28:50 -0700 http://slcapex.com/forums/topic/SLW/1753/13225 http://slcapex.com/forums/topic/SLW/1753
with the full respect i have for you jill and for jini as well, can't you just please stop gaggering around in here like crazy chicken ? i mean, who the hell benefits from it ?

some other forum masters would already have banned you for this and not only you two ! at the moment what you do is accusing a person of having committed a crime because you say he stole your money.

to say it AGAIN!

1) Nobody was forced into this as nobody was forced to deposit a single L$ into JTF before the banking ban

2) (i just guess that) without the banking ban there would STILL be interest paid

3) If everyone would have stayed calm and only withdrawed the money this person needed, we would never had run into such a situation

have you never ever heared that you better not put money you need very soon into high risk banking things or stocks ?
You know... what's YOUR actual problem is (if you have deposited money into JTF daily, you were just greedy after the outstanding interest we all could have earned in 1 or 2 years... and now, when all is shit, people panicselling their shares which leads to the shares being worth 30% or less YOU start accusations that Arb is a thief and a criminal.

Sorry, either i am a dumb, blonde and blue-eyed individual that has no plan of money things at all or you just can't stand the consequences of your greed which doesn't mean i am not worried too, but i have at least done my maths to see when there's at least a chance to accomodate a loss.
And i never ever spend any single L$ in this that i didn't need, so DEAL WITH IT if you was just after getting payed bigtime.

Regards,
Angi

in topic Is everyone tired of SLW? by Angi Fargis ]]> Thu, 15 May 2008 09:57:40 -0700 http://slcapex.com/forums/topic/SLW/1753/13219 http://slcapex.com/forums/topic/SLW/1753 Jill,

I don't recall Arbitrage asking for any more money to finish his projects - just more TIME. For those of us who have been here for a long time, and considering everything we've endured I'm more than willing to give him TIME (he already has all my $$) ;-).

Yes, I do work for him, and therefor probably am a little more privvy to the who, what, where, when & how he expects to make good in the end. Frankly, at this point nothing ventured nothing gained.



in topic Is everyone tired of SLW? by Bogart Beck ]]> Thu, 15 May 2008 09:10:39 -0700 http://slcapex.com/forums/topic/SLW/1753/13216 http://slcapex.com/forums/topic/SLW/1753
The more you buy they more you have and the more you have to sell some how.

The risk is great for even those that are buying to try to sell higher and it's increading day by day.

The price just keeps getting lower and lower.

None of you with all this money to risk seem to be willing to give Arb a penney to help him finish his projects.

So they must be real HOT items, with the storm of all these people with all this money to risk, NOT willing to step up to the plate and help him get anything finished.

in topic Is everyone tired of SLW? by Jill Clary ]]> Thu, 15 May 2008 08:24:48 -0700 http://slcapex.com/forums/topic/SLW/1753/13212 http://slcapex.com/forums/topic/SLW/1753
and to those who just scream and whine and whatever... you should spend your power in something else then... sell the shares cheap, write it off as a loss and leave those who are willing to support arb alone.

thumbs up for revolvo and bogart :)

regards,
angi

in topic Is everyone tired of SLW? by Angi Fargis ]]> Thu, 15 May 2008 07:23:23 -0700 http://slcapex.com/forums/topic/SLW/1753/13205 http://slcapex.com/forums/topic/SLW/1753 Funny man... very funny.

in topic Is everyone tired of SLW? by Bogart Beck ]]> Wed, 14 May 2008 22:04:41 -0700 http://slcapex.com/forums/topic/SLW/1753/13189 http://slcapex.com/forums/topic/SLW/1753

in topic Is everyone tired of SLW? by Revolvo Rotaru ]]> Wed, 14 May 2008 19:14:40 -0700 http://slcapex.com/forums/topic/SLW/1753/13187 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Sportsbets Writer ]]> Wed, 14 May 2008 18:23:10 -0700 http://slcapex.com/forums/topic/SLW/1753/13181 http://slcapex.com/forums/topic/SLW/1753
Shhh SciFi... it's supposed to be a SECRET! Yes, I'm buying.

Bo

in topic Is everyone tired of SLW? by Bogart Beck ]]> Wed, 14 May 2008 15:58:23 -0700 http://slcapex.com/forums/topic/SLW/1753/13176 http://slcapex.com/forums/topic/SLW/1753
How much do you trust Arbitrage Wise, to make good on his promise?

If you trust him, then you buy more SLW than you sell; if you don't, then you dump the stock, and deplete your holdings.

Me? I'm buying... :-)

in topic Is everyone tired of SLW? by DFH Westland ]]> Wed, 14 May 2008 11:53:57 -0700 http://slcapex.com/forums/topic/SLW/1753/13158 http://slcapex.com/forums/topic/SLW/1753 Bogart has bought 100000 shares in the past week,Arb added 76000 and Rovolvo nearly 170000 shares. So the big holders are trying to protect their investments or lower their cost basis.

in topic Is everyone tired of SLW? by SciFi Voom ]]> Wed, 14 May 2008 10:38:27 -0700 http://slcapex.com/forums/topic/SLW/1753/13132 http://slcapex.com/forums/topic/SLW/1753

Truth is hard to swallow, fact is SL will likely no longer be a game long before ARB pays back his debt.


Truth is Arb took all of our money and invested 250,000+ dollars investing it into his own private company.

Thats why he does not have the money.

If and when that ever makes a profit, we may get out money back but would not share in any profit made from said software, But the likelyhood of that happening with so many million dollar gambling sites out there... You may as well forget that making a single penny.


He does not have the money to pay, he likely never will. you can hold your breath till your face turns blue but it will be at least 9 years or more before he is able to pay everyone back.. thats being optomistic to say the least.



in topic Is everyone tired of SLW? by Jini Hammerer ]]> Wed, 14 May 2008 07:07:58 -0700 http://slcapex.com/forums/topic/SLW/1753/13057 http://slcapex.com/forums/topic/SLW/1753
I just love it when people assume things about me or my views/motives on things. I guess it must be great to have psychic powers and be able to not merely assume what people are thinking, but just know all of what they are thinking. I bet Arb enjoys having psychics around to pick his brain as well.

If you have these vaunted powers and spot-on assumptions about people's motives and thoughts, attend the meetings yourself and ask your own version of loaded questions. Obviously someone as blind as myself can't possibly see past my own optimism, maybe you can do better with your powers of pessimism.

Honoris Causa...
Silverblade Dagger

in topic Is everyone tired of SLW? by Silverblade Dagger ]]> Tue, 13 May 2008 15:38:05 -0700 http://slcapex.com/forums/topic/SLW/1753/13009 http://slcapex.com/forums/topic/SLW/1753 I love how you did this, and think you have the clear answer, only because you tricked youself into thinking you had it and Arb verified it to you.

19:06] You: In regards to share buybacks, things are not going well and according to plans.
[19:07] You: We have basically depleted all of our resources, and have little means of generating further revenue to conduct more buybacks at this time.
19:09] You: But in short, and unfortunately, we won't be able to do any substantial buybacks within the next few months.
[19:09] You: That does not mean that we will not continue to do buyback... just not any substantial ones.
19:27] Silverblade Dagger: Could you clarify for sake of those who aren't clear and those reading this as a transcript the significance of L$1.03 and the buyback. Apparently, people are STILL confused on that according to the forum. Essentially: Will shares be bought over $L1.03? Will they be bought up to L$1.03 and end at L$1.02999, etc? Also... with there be finger sammiches after the meeting? (Grumble Ling must be hungry.)
[19:27] You: Shares will be bought up to AT LEAST $1.03L
19:28] You: that does not mean we won't continue to buy it up further if we have the reserve... but that's further down the line of course
[19:28] Silverblade Dagger: L$1.03 minimum, so how could it be higher?
[19:28] You: Because we may want to buy back all of our shares, and naturally, we can't expect everyone to sell them at 1.03 or lower

Notice the word "may"? Meaning, that if he sees any advantage in doing so for himself and not because it his obligation to us. (See above)

19:29] You: in the case that we feel we've developed SLW to where it is valued more than 1.03L, then we'll pay more for the shares

So if he thinks there is a clear gain for him in doing so, he will be wanting to buy up all our shares, but if not, he won't. (See above.)


19:30] Silverblade Dagger: So to clarify.... L$1.03 is the big number to break even, counting the 2.5% transaction fee. But that is NOT the ceiling for buybacks, it can go higher depending on what is left and etc.
[19:30] You: Correct Silver
[19:31] Silverblade Dagger: Thanks..

You keep presuring him to say what you wanted to hear and as soon as you heard something close to that, you where happy. Totally ignoring his past post in the forum where he said he wouldn't and the only thing that has changed is a won't to a may, in his statement. You wanted to hear a "will" from him, but notice he never ever said it would happen, you just interpeted the above, as that, because that is what you wanted to hear. (See above)

Arb has not said he WILL do buybacks at 1.03 and above, He has said that he won't, in his past post, and in the meeting notes from this time around, he is only stating that, if he sees some advantage in doing so, he MAY, and if the advantage is big enough to him, he MAY be wanting to buy up everyone's stock at above 1.3 also. There was also no indication of him even saying this, that it was to fulfil his obligation to us and that he still appears to be concidering any stock that is valued at 1.03 per share to be our debt paid to us.

Now if you had picked the wording, in you final question to him, more carefully then "it can go higher" to "it will go higher" and he answered yes to this question, I would then say you where correct, but you didn't and he was only afirming what he said before that, in the meeting and not that it would happen.

in topic Is everyone tired of SLW? by Jill Clary ]]> Tue, 13 May 2008 14:04:49 -0700 http://slcapex.com/forums/topic/SLW/1753/12999 http://slcapex.com/forums/topic/SLW/1753 Yes, Arb has said basically that if the value of this stock ever gets to the 100% value of what is owed us, he will no longer concider it owed to us any longer and we are on our own after that and have to pray some halfwit, that doesn't understand investing and that you don't invest in a company that has no value to ivest in, buys it from us. So if you want to ever see any of your money back, Arb is forcing us to sell it to him at less the equal to what he owes us. The lower you sell it, the closer to the front of the line you are, for getting any money back and the more he comes out ahead in the deal.}

Jill, where has Arb "basically" said this? I asked him last night at the meeting to clarify this so that false rumors about this topic are busted. He gave his explanation, and I restated what he said but in simpler terms and he said it was correct. Here is a quote from the meeting:
------------------------------------------------------------------------
[2008/05/12 19:30] You: So to clarify.... L$1.03 is the big number to break even, counting the 2.5% transaction fee. But that is NOT the ceiling for buybacks, it can go higher depending on what is left and etc.
[2008/05/12 19:30] Arbitrage Wise: Correct Silver
------------------------------------------------------------------------

Arb isn't forcing anyone to sell cheap, that's the work of people who are panicking or daytrading. If the price was L$1.03 or more, he'd still do buybacks till all the shares of SLW are in his name.

Honoris Causa...
Silverblade Dagger

in topic Is everyone tired of SLW? by Silverblade Dagger ]]> Tue, 13 May 2008 10:49:42 -0700 http://slcapex.com/forums/topic/SLW/1753/12991 http://slcapex.com/forums/topic/SLW/1753 Since there aren´t any buybacks next few months and no slcapex venture is making any money expept the stock exchange itself, as i was reading in the shareholder metting transcript, why should people invest in SLW and buy in a unknown and MAYBE black future?

It´s a high risk bet buy now, and the odds are really bad at the moment....


in topic Is everyone tired of SLW? by Sportsbets Writer ]]> Mon, 12 May 2008 23:32:35 -0700 http://slcapex.com/forums/topic/SLW/1753/12967 http://slcapex.com/forums/topic/SLW/1753 Yes, Arb has said basically that if the value of this stock ever gets to the 100% value of what is owed us, he will no longer concider it owed to us any longer and we are on our own after that and have to pray some halfwit, that doesn't understand investing and that you don't invest in a company that has no value to ivest in, buys it from us. So if you want to ever see any of your money back, Arb is forcing us to sell it to him at less the equal to what he owes us. The lower you sell it, the closer to the front of the line you are, for getting any money back and the more he comes out ahead in the deal.

Oh, and the only reason SLW stock has any selling value over 0L$ per share, is because of Arb buying the stock back, the second he stops doing this, the value of the stock will fall like a rock to it's natural value of 0L$ per share.

in topic Is everyone tired of SLW? by Jill Clary ]]> Mon, 12 May 2008 00:17:59 -0700 http://slcapex.com/forums/topic/SLW/1753/12925 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Shaggy Yer ]]> Sun, 11 May 2008 15:03:46 -0700 http://slcapex.com/forums/topic/SLW/1753/12920 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by SciFi Voom ]]> Fri, 09 May 2008 08:20:00 -0700 http://slcapex.com/forums/topic/SLW/1753/12823 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Scott Nestler ]]> Fri, 09 May 2008 06:56:25 -0700 http://slcapex.com/forums/topic/SLW/1753/12815 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Alena Sin ]]> Fri, 09 May 2008 06:24:36 -0700 http://slcapex.com/forums/topic/SLW/1753/12814 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Spm Aviatik ]]> Tue, 29 Apr 2008 08:46:01 -0700 http://slcapex.com/forums/topic/SLW/1753/12431 http://slcapex.com/forums/topic/SLW/1753 nothing really happend here since this very little buyback...



in topic Is everyone tired of SLW? by Alfred Kabuki ]]> Tue, 29 Apr 2008 04:54:21 -0700 http://slcapex.com/forums/topic/SLW/1753/12419 http://slcapex.com/forums/topic/SLW/1753 56 days had dated, and no buyack in horizon.
Time before convertion is another story.
So time, so tired.
No dividends, as a little hope.
No partials buybacks.
I suggest a prorated buy back.
Something...

in topic Is everyone tired of SLW? by Io Habilis ]]> Mon, 28 Apr 2008 12:32:14 -0700 http://slcapex.com/forums/topic/SLW/1753/12397 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by SciFi Voom ]]> Sun, 20 Apr 2008 14:17:38 -0700 http://slcapex.com/forums/topic/SLW/1753/12011 http://slcapex.com/forums/topic/SLW/1753 But, there are wayyyy better bets out there ;)
(tx Red Sox for a nice 76% ROI..)

in topic Is everyone tired of SLW? by Sportsbets Writer ]]> Mon, 14 Apr 2008 09:41:42 -0700 http://slcapex.com/forums/topic/SLW/1753/11443 http://slcapex.com/forums/topic/SLW/1753
I rechecked my Alt's account and it looks like I've got about 92000 shares total. The other account hasn't been an active trader and only has sells in the 0.80s and above 1. I sure hope I'm right and those people that sold to me at 0.42 were not.

in topic Is everyone tired of SLW? by SciFi Voom ]]> Mon, 14 Apr 2008 09:41:33 -0700 http://slcapex.com/forums/topic/SLW/1753/11442 http://slcapex.com/forums/topic/SLW/1753
Actually it is noce to see the volume drop to a more reasonable level so perhaps we have eliminated the people who have to have their money faster so there will be fewer people willing to settle.

With luck the price will start rising to the next (we all hope) buyback.

I'm not sure we have intrinsic value so much as ongoing cash flow... that we cannot predict or depend on (web site goes down, etc.). We can hope that Arb does get things into a higher gear so more cash can be brought to bare on stock buy back and retire.

I agree, there is NO investment in SLW no, only speculation that buybacks continue and retire shares. This won't change until more than half of the shares issued are retired.

in topic Is everyone tired of SLW? by Shaggy Yer ]]> Mon, 14 Apr 2008 09:12:57 -0700 http://slcapex.com/forums/topic/SLW/1753/11439 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by SciFi Voom ]]> Mon, 14 Apr 2008 07:53:53 -0700 http://slcapex.com/forums/topic/SLW/1753/11435 http://slcapex.com/forums/topic/SLW/1753
In essence, it isn't worth investing in because people are trying to kill the goose and eat it instead of taking care of the golden eggs.

It is pretty amusing to watch investors self-destruct. The trouble is that they take others with them when they do.

in topic Is everyone tired of SLW? by Nobody Fugazi ]]> Mon, 14 Apr 2008 06:11:53 -0700 http://slcapex.com/forums/topic/SLW/1753/11429 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by Sportsbets Writer ]]> Sun, 13 Apr 2008 20:08:09 -0700 http://slcapex.com/forums/topic/SLW/1753/11419 http://slcapex.com/forums/topic/SLW/1753
in topic Is everyone tired of SLW? by SciFi Voom ]]> Sun, 13 Apr 2008 17:46:28 -0700 http://slcapex.com/forums/topic/SLW/1753/11412