http://slcapex.com/forums/topic/SLW/1855 In forum SL Wallet Public Forum en-us Fri, 09 Jan 2009 15:31:39 -0800 Fri, 09 Jan 2009 15:31:39 -0800 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/SLW/1855 Ginko was linked to people that stole money in SL (e.g. Casino Owners) who made a profit out of the people addicted to gambling and nearly everyone involved and even not involved knew that!
I suggest to stop spreading weird rumors or any other bullshit as this is !!!NO HELP!!! for anyone in here. We need facts, not some guys who just need to compensate something.

Regards,
Angi"

Panic? No Angi my friend, it's called reality. There's a difference between saying that the sky is falling and complaining after a piece of sky just hit you in the head!

The reality is that there will be no reall buybacks in the next few months. Ginko was supposed to be a safe place to put our lindens regardless of the surrounding rumors...And so was Arb's financial institution.

Neither turned out to be what they were supposed to be.

There are no rumors, there is only the fact that we're not getting what's owed us anytime soon. Reality.

-Spyder



in topic this is what happens... by Spyder Pow ]]> Thu, 22 May 2008 13:11:51 -0700 http://slcapex.com/forums/topic/SLW/1855/13482 http://slcapex.com/forums/topic/SLW/1855
in topic this is what happens... by Lindsay Druart ]]> Thu, 15 May 2008 16:33:23 -0700 http://slcapex.com/forums/topic/SLW/1855/13244 http://slcapex.com/forums/topic/SLW/1855
in topic this is what happens... by SciFi Voom ]]> Thu, 15 May 2008 16:25:44 -0700 http://slcapex.com/forums/topic/SLW/1855/13243 http://slcapex.com/forums/topic/SLW/1855
For example, and I"m assuming (which might not be a good thing) that the trading platform (the means by which we enter buys and sells) on the SLCapex works the same way a trading platform works in RL. If it does, then a buyback will take the shares at the lowest offered price first...In laymans terms the buyback will buy up the shares that investors are trying to sell from the lowest price to the highest price.

I would think that if people want the best possible prices on the buyback, everyone, and I mean, everyone would need to cancel the sell offers at these low prices and everyone, and again I mean EVERYONE would need to offer at the same higher price.

But then the catch 22 there is that (just say that every single person that owns SLW would put their sell at that 1.03). Arb would not be able to buy as much back as there is a finite amount of cash he has on hand. So I guess it lies with those that have the shares to decide...if they would get organized and do something like set all their prices exactly the same, they would be waiting to get their money because every buy back would be a smaller amount of shares...or they can get the lower price and at least get something quicker...or they can leave it as is and wait anyway.

Any way you slice it though, its either sell at a lower price or wait. I really cant see though any way of getting around the 'long wait'.

I hope that made some kind of sense...
CC

in topic this is what happens... by Cherry Crabgrass ]]> Fri, 09 May 2008 09:15:33 -0700 http://slcapex.com/forums/topic/SLW/1855/12831 http://slcapex.com/forums/topic/SLW/1855
I don't think anyone can praise what is going on. As a trader I am sure that it drives one crazy. I guess I have to remember as well that SLWers want out, whereas my tendency as an investor is to identify companies that I like, partner with management, then buy in bulk and hold for the long term. So the need for immediate liquidity doesn't affect me as such. My interest is in increasing my equity.

Part of the problem I see is that SLW really isn't much more than a promissory note with a bunch of companies backing it up. No one really wants into something like that, they only want out. Hopefully this meeting will solve some of those questions and give direction. I don't have any SLW and I really don't have any interest in it. I bought up other company shares with all my cash shortly before the transition in anticipation of something of this sort.

Do you think regular and consistent buy backs would help this situation?

in topic this is what happens... by Ashleigh Wade ]]> Fri, 09 May 2008 08:49:11 -0700 http://slcapex.com/forums/topic/SLW/1855/12825 http://slcapex.com/forums/topic/SLW/1855
I'm sorry, but I cannot praise what is going on. I too was caught in some of this mess. I chose to trade out at around the .75 level, going back and forth to lower my cost average and actually make something out of this mess...but it was a very small position compared to what some others are holding, and it was when this market was a whole lot more liquid.

One trader cannot rectify this situation...it would take quite a few. The liquidity is gone, one cannot get filled on any size of consequence here. Why would a trader want to venture into a market with no liquidity? Until this market becomes more liquid I cannot see much hope in the price rising to a level where buybacks will be done at a satisfactory level to make anyone happy.
CC

in topic this is what happens... by Cherry Crabgrass ]]> Fri, 09 May 2008 07:11:50 -0700 http://slcapex.com/forums/topic/SLW/1855/12816 http://slcapex.com/forums/topic/SLW/1855
Most of the people in SLW don't have interest in trading anyway from what I understand. They just want money back.

And you are right Shaggy. The situation is much better than Ginko. SLW has businesses backing it that produce cash flow which ensure that a buy back can be done. Ginko had a house of cards in wild SL investments. From what I see, the problem is the lack of any substantial capital from which to do a buy back. Accumulating that in full will probably take time, a lot of time. It's a good sign that there is a meeting to discuss this situation.

Also a clarification on Ginko. There were never any Ginko Financial shares per say. There was Ginko Currency (GCS), Ginko Perpetual bonds (GPB), and Ginko Perpetual Bonds on AVIX (GPBA). That said, a Ginko Financial IPO did emerge on AVIX during an attempted white knight deal to save Ginko by selling it the exchange business, ensuring a cash flow to pay out the depositors, however that fell through on due diligence.

in topic this is what happens... by Ashleigh Wade ]]> Thu, 08 May 2008 13:13:09 -0700 http://slcapex.com/forums/topic/SLW/1855/12796 http://slcapex.com/forums/topic/SLW/1855
I said it was link Ginko meaning that, if you watched that stock, this is exactly what happened there too. The traders dropped out, the volume fell and the price dropped and never came back.

it looks mighty similar. Oh, and I'm not 'another guy'...LOL...another chick maybe, but not another guy...

CC

in topic this is what happens... by Cherry Crabgrass ]]> Thu, 08 May 2008 13:04:01 -0700 http://slcapex.com/forums/topic/SLW/1855/12795 http://slcapex.com/forums/topic/SLW/1855
I was a supporter of what Arb was doing when he showed he was going to do buy backs. A little slow, but we hoped it would pick up.

Now that it is 39 days and counting since the last one AND we now have 2 days until the required financial post, it's no longer people being insulting or name calling, but rather healthy skepticism.

Having said that, yes, our situation is MUCH better than Ginko at the moment. As of right now we can sell out at 44% of original value. IIRC Ginko was 0%.

Help us Arbi-Wise-Kinobi, you're our only hope.

in topic this is what happens... by Shaggy Yer ]]> Thu, 08 May 2008 09:42:18 -0700 http://slcapex.com/forums/topic/SLW/1855/12789 http://slcapex.com/forums/topic/SLW/1855 Ginko was linked to people that stole money in SL (e.g. Casino Owners) who made a profit out of the people addicted to gambling and nearly everyone involved and even not involved knew that!
I suggest to stop spreading weird rumors or any other bullshit as this is !!!NO HELP!!! for anyone in here. We need facts, not some guys who just need to compensate something.

Regards,
Angi

in topic this is what happens... by Angi Fargis ]]> Thu, 08 May 2008 07:33:29 -0700 http://slcapex.com/forums/topic/SLW/1855/12782 http://slcapex.com/forums/topic/SLW/1855
"...when the traders drop out. Volume dries up and the prices fade. Take it from a professional S & P futures trader...it's not going to get any better.

This is Ginko all over again."


Crap! I lost money in Ginko too! Should I ever trust a financial institution in SL again?

-Spyder

in topic this is what happens... by Spyder Pow ]]> Wed, 07 May 2008 15:13:45 -0700 http://slcapex.com/forums/topic/SLW/1855/12765 http://slcapex.com/forums/topic/SLW/1855
Even if the L$80 million was in a basic real world interest of $1000 a month so that should be a predictable buy back schedule.

But, now 38 days since the last buy back.

Help us Arbi Wise Kanobi, you're our only hope.

in topic this is what happens... by Shaggy Yer ]]> Wed, 07 May 2008 09:22:08 -0700 http://slcapex.com/forums/topic/SLW/1855/12750 http://slcapex.com/forums/topic/SLW/1855
This is Ginko all over again
CC

in topic this is what happens... by Cherry Crabgrass ]]> Wed, 07 May 2008 09:03:25 -0700 http://slcapex.com/forums/topic/SLW/1855/12749