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| Jan 1st 2008, 12:16 Bogart Beck |
Historical Archive (BBX) | |
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| Jan 1st 2008, 12:21 Bogart Beck |
SLMS Recapitalized as Bo Beck Group (BBX) - 10/15/2007 | |
Oct 15th, 19:58 Bo Beck (as Posted by Arbitrage Wise) SLMS Recapitalized as Bo Beck Group (BBX) - to begin trading at 6PM October 15/2007 - 5:30PM SLT To whom it may Concern: On behalf of the SL Capital Exchange Board of Directors I am pleased to report that the long awaited resolution for SLMS has arrived. Foremost I'd like to apologize to those SLMS shareholders who have waited patiently with little information forthcoming from the Exchange. This past month has been a challenging adventure for all of us - so let's get THIS ONE in the rearview mirror. I will caution up front that the mechanics of this particular restructure are somewhat complex and has thus taken the better part of ten days to accomplish. Ultimately, to make a very long story short, here's what we've accomplished. Effective at 6PM SLT this evening the former SLMS will resume trading as BBX - Bo Beck Group. This has been accomplished by MERGING the assets of two Privately Funded entities (Bo Beck Galleries - a retail Art Gallery you may be familiar with, and the Bo Beck Index - a private stock fund) into the vacant shell of SLMS after having succesfully liquidated the remaining assets of Fresh Babenco. The Surviving entity is Bo Beck Group (BBX). A NEWLY FORMED Board of Directors met this morning and have ratified this recapitalization plan unanimously. Additionally the Board unanimously appointed myself as Chairman and Chief Executive of the BBX. Effective immediately the Board of BBX is as follows; Bogart Beck - Chairman, CEO Travis Ristow - Outside Director Kubi Beam - Outside Director The remaining Executive Team will be named shortly. So... how did we accomplish this? Foremost, I'd like to thank Arbitrage Wise, Chairman of SL Capital Exchange (and my boss), for allowing me to liquidate a portion of my CapEx portfolio over the last Ten Days - without his total and extraordinairre cooperation, this progressive plan could not have been accomplished. For DISCLOSURE PURPOSES, I have sold at market approximately 1.7M shares of my personal holdings of SLCX over a period of ten days beginning October 4th and ending October 14th at prices ranging from $.29 to $.35 Lindens per share. A majority of the proceeds of which I have reallocated for purposes of this new venture. The New Capital Structure is as follows; Assets held in Bogart Becks BBX INDEX FUND SUB-ACCOUNT @ 12:01AM SLT 10/15/2007 Ticker Company Name Sh/Units Total Value Per Share DGD Dragon Global Diversified 1,800 4,374.00 2.43 HBK [ hoorenbeek ] 3,000 3,150.00 1.05 INC Innovative Inc. 4,000 3,800.00 0.95 ITA WNB Italian Lands 4,200 4,326.00 1.03 JTIC JT Investment Certificates 6,500 6,760.00 1.04 KDC Karlfeldt & Delgado Capital 4,600 3,312.00 0.72 LNL L&L Bank and Trust 5,000 3,300.00 0.66 MECH Riot Mechs 3,100 3,100.00 1.00 NDX Innovative Index Fund 2,600 3,900.00 1.50 SLCX SL CapEx 300,000 93,000.00 0.31 SLR SL Reports 4,000 2,840.00 0.71 SLTM SL Tronics Media 1,000 2,700.00 2.70 TNW Tnw Designs and Real Estate 2,000 2,580.00 1.29 VBL Verballis 1,750 5,145.00 2.94 XXX Tropical Temptations 1,000 1,860.00 1.86 YEP Yellow Paperclip Corp 3,000 4,530.00 1.51 ZEN Zhenya Zoning Real Estate Co 2,300 2,116.00 0.92 BBX STOCK CONTRIBUTION 349,850 150,793.00 0.43 BBX CASH CONTIBUTION 100,000.00 Proceeds of Fresh Babenco / SLMS Seizures FRESH BABENCO MAIN (Cash) 2,998.66 NDX FRESH NDX SHARES 1,653 2,479.50 1.50 LNL FRESH LNL SHARES 1,000 660.00 0.66 +++ SUBTOTAL 256,931.16 BBG ASSET VALUATION* (Min. Req'd.) 326,068.84 (For COMPARATIVE PURPOSES) >>>> GRAND TOTAL 1,100,000 583,000.00 0.53 PRICE WHEN HALTED SLMS FRESH SLMS SHARES 602,695 319,428.35 0.53 SLMS FLUTTER SLMS ACCT 19 10.07 0.53 SLMS SLMS SUB-ACCT SLMS 10 5.30 0.53 TOTAL FRESH BABENCO SLMS SHARES = 54.80% Kubi Beam 128,225 67,959.25 0.53 1.70% Silverblade Dagger 57,623 30,540.19 0.53 5.20% Other shareholders 311,428 165,056.84 0.53 28.30% >>>> TOTAL SHARES(SLMS SHELL) 1,100,000 583,000.00 0.53 100% RECAPITALIZATION PLAN: MERGE Privately Held BBX into SLMS RENAME SLMS to Bo Beck Group (BBX) APPROVE STOCK SPLIT and Additional Paid-In-Capital Authorized and Issued: 2,000,000 Shares @ $.75 L Per Share Unrestricted BBG Tangible Assets (ADDITTIONAL ASSETS TO BE ADDED) 8192 sq/M @ JT WORLD II 8,192 63,075.12 7.70 $sq/M Reuters 4096 sq/M @ JT WORLD II 4,096 31,537.56 7.70 $sq/M Reuters 485 BBG Hi-Quality Photo's 485 130,465.00 269.00 $1 US Per Pic (269:1) ACE KLMU (BBG Galleries x2) 2 1,980.00 990.00 MIDTOWN - Santa Maria Tower 1 5,500.00 5,500.00 MIDTOWN -1440 Wilshire 1 4,750.00 4,750.00 MIDTOWN - Vertilus 1 1,000.00 1,000.00 BLIP - st001 store - (deco) 1 400.00 400.00 BLIP - st102 store - (deco) 1 550.00 550.00 Split Script Original Source Lic 1 600.00 600.00 Miscellaneous Furniture&Fixtures 1 3,370.00 3,370.00 BBG Intangible Assets* (IP Valuation) Derivative/Residual Script(Dvp.) 750,000.00 750,000.00 BBG Chromatique™ Photo Process 250,000.00 250,000.00 BBG ASSET VALUATION * (Actual) 1,243,227.68 +++ Plus SUBTOTAL (see above) 256,931.16 RECAPITALIZATION GRAND TOTAL 1,500,158.84 $0.75L OPENING SHARE PRICE AT CONVERSION Well... there you have it... I will publich a Formal Operating Plan no later than 11/01/2007... we will be primarily working through the remaining formation requirements in the interim and will report a SHORT MONTH's result for October. Previous SLMS shareholders should recognize an IMMEDIATE 30% premium in their BBX share valuation versus the day SLMS was halted. I pray this was worth the wait. Blessings, Bogart Beck CEO, CapEx Chairman, Ceo Bo Beck Group |
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| Jan 1st 2008, 12:26 Bogart Beck |
Bo Beck Group - Financials - Period Ending 10/31/2007 | |
October Financial (SL CapEx: BBX) Bo Beck Group - INCOME STATEMENT -------------------------------------------------------------------------------- PERIOD ENDING 31-Oct-07 Revenue Products (Bo Beck Gallery Gross Sales - (BBG) $ 5,413.00 BBX Investment Portfolio Revenue (Bo Beck Index - BBX) $ 182,609.21 Real Estate Rental <TIER> (Bo Beck Commercial - BBC) $ 0.00 TOTAL SALES REVENUE $ 188,022.21 Cost of Sales (or Cost of Goods Sold) COGS BBG Products (Sales Commissions Paid-Ariel Aster) $ 2,457.00 BBX Services (Trade Commissions Paid on Sale of Stock) $ 2,577.15 BBC Real Estate (ie; Tier PAID + RE Sales Commissions) $ 32,564.00 Marketing & Advertising Expense (SculptyPaint Group) $ 1,000.00 TOTAL COST OF SALES $ 38,598.15 Gross Profit (Loss) $ 149,424.06 Gross Margin (%) 79.47% Operating Expenses Research & Development (Broadway Live - Albion) $ 1,650.00 General and Administrative (Mgmt & Admin Salaries)<NONE>$ 0.00 Non Recurring (ONE-TIME) BBC Prim Fixtures (RCC @ JT-II)$ 4,840.00 Others / Miscellaneous (Add'l Structures for BBC-BLIP) $ 2,000.00 TOTAL OPERATING EXPENSES $ 8,490.00 Operating Income or Loss $ 140,934.06 Operating Margin (%) 74.96% Other Income from Continuing Operations Other Income (LAND SALES) $- Other Income (Sale of Investment Stocks, Div., etc.) $- Interest Earned on DEPOSITS (Short Term Invest.) $ 1,397.47 TOTAL OTHER INCOME $ 1,397.47 Less Other Expenses (NET) $- Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $ 142,331.53 Less Interest Expense $- Less Income Tax Expense $- Less Asset Depreciation (NET From Balance Sheet) $- Less Other Adjustments $- NET INCOME FROM CONTINUING OPERATIONS $ 142,331.53 Other Non-recurring Events Less Costs for Discontinued Operations $- Less Asset Impairment (GoodWill write-down) $- Less Effect Of Accounting Changes $- Less Other Items $- NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $ 142,331.53 % of Revenue 75.70% Less DISBURSEMENT to Preferred Stock Shareholders $- % of NIAS 0.00% Less DIVIDEND to Common Stock Shareholder $- % of NIAS 0.00% RETAINED EARNINGS $ 142,331.53 (SL CapEx: BBX) Bo Beck Group - BALANCE SHEET -------------------------------------------------------------------------------- PERIOD ENDING 31-Oct-07 Assets Current Assets Cash And Cash Equivalents $ 102,998.66 Short Term Investments $ 3,139.50 Net Receivables $- Inventory $ 130,465.00 Other Current Assets $- Total Current Assets $ 236,603.16 PLUS Long Term Investments (BBX Index Portfolio) $ 150,793.00 Property Plant and Equipment (Hard Assets) $ 112,762.68 Goodwill - NONE $- Intangible Assets (Chromatique(tm) & Derivative Works Script) $1,000,000.00 Accumulated Amortization - NONE $- Other Assets (Land Acquisitions @ JTII & Broadway Live) $ 142,172.69 Total Assets $1,642,331.53 Liabilities Current Liabilities Accounts Payable $- Current Portion Due of Long Term Debt (this mo portion) $- Other Current Liabilities $- Total Current Liabilities $- PLUS Long Term Debt $- Other Liabilities $- Deferred Long Term Liability Charges $- Minority Interest $- Negative Goodwill $- Total Liabilities $- Stockholders' Equity Preferred Stock $- Common Stock - (BBX - 1,397,276 @ L$.75 /share) $ 1,047,957.00 Retained Earnings * (DIRECTLY FROM LINE 53 of INCOME STATEMENT) $ 142,331.53 Additional PAID-IN Capital $- Treasury Stock - (BBX - 602724 Shares @ L$.75 /share) $ 452,043.00 Capital Surplus $- Other Stockholder Equity $- Total Stockholder Equity $1,642,331.53 TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1,642,331.53 |
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| Jan 1st 2008, 12:29 Bogart Beck |
Bo Beck Group - Financials - Period Ending 11/30/2007 | |
BBX November Financial Statements - BBX (SL CapEx: BBX) Bo Beck Group - INCOME STATEMENT ------------------------------------------------ PERIOD ENDING 30-Nov-07 Revenue Consolidated Revenue - Products and Services $96,974.13 TOTAL SALES REVENUE $96,974.13 Cost of Sales (or Cost of Goods Sold) COGS Sales Commissions Paid on Products and Services $3,630.00 Sales Commissions Paid on BBX Index Fund Sale of Stock $9,454.00 Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $36,568.00 (ALL) - Marketing & Advertising Expense (NONE this Period) $- TOTAL COST OF SALES $49,652.00 Gross Profit (Loss) $47,322.13 Gross Margin (%) 48.80% Operating Expenses Research & Development (NONE This Period) $- General and Administrative (Mgmt & Admin Salaries) <NONE> $- Non-Recurring (ONE-TIME) (NONE This Period) $- Others / Miscellaneous (NONE This Period) $- TOTAL OPERATING EXPENSES $- Operating Income or Loss $47,322.13 Operating Margin (%) 48.80% Other Income from Continuing Operations Other Income - (LAND SALES) (Footnote 3) $4,096.00 Other Income - Dividends Earned $36,073.74 Interest Earned on DEPOSITS or CD's (Short Term Invest.) $810.52 Misc. Income - CEO Market Maker Commission Earned on BBX $1,099.79 TOTAL OTHER INCOME $42,080.05 Less Other Expenses (NET) (add Footnote) (4) $- Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $89,402.18 Less Interest Expense $- Less Income Tax Expense (add Footnote) (5) $- Less Asset Depreciation (NET From Balance Sheet) $- Less Other Adjustments (add Footnote) (6) $- NET INCOME FROM CONTINUING OPERATIONS $89,402.18 Other Non-recurring Events Less Costs for Discontinued Operations (add Footnote) (7) $- Less Asset Impairment (GoodWill write-down) (add Footnote) (8) $- Less Effect Of Accounting Changes (add Footnote) (9) $- Less Other Items (add Footnote) (10) $- NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $89,402.18 % of Revenue 92.19% Less DISBURSEMENT to Preferred Stock Shareholders $- % of NIAS 00.00% Less DIVIDEND to Common Stock Shareholders $40,000.00 % of NIAS 44.74% RETAINED EARNINGS $49,402.18 CURRENT PERIOD FOOTNOTES - (Management Discussion / Explanation) In re: Non Recurring (ONE-TIME) Expenses (add Footnote) (1) N/A In re: Others / Miscellaneous (add Footnote) (2) N/A In re: Other Income (LAND SALES) (add Footnote) (3) Sale 4096sq/M @ JTF In re: Less Other Expenses (NET) (add Footnote) (4) N/A In re: Less Income Tax Expense (add Footnote) (5) N/A In re: Less Other Adjustments (add Footnote) (6) N/A In re: Less Costs for Discontinued Operations (add Footnote) (7) N/A In re: Less Asset Impairment (GoodWill write-down) (add Footnote) (8) N/A In re: Less Effect Of Accounting Changes (add Footnote) (9) N/A In re: Less Other Items (add Footnote) (10) N/A (SL CapEx: BBX) Bo Beck Group - BALANCE SHEET --------------------------------------------- PERIOD ENDING 30-Nov-07 Assets Current Assets Cash And Cash Equivalents ($Lindens on Deposit) $90,877.13 Short Term Invest. (107,276 /sh.BBX @ avg. L$1.05/sh (cost basis) $112,498.58 * (*NOTE: Non-Treasury Shares Purchased on Open Market for Short Term Investment) Net Receivables $- Inventory (1x 485 JPG BBG Prints) Carried @ $L269.00 Each $130,465.00 Other Current Assets $- Total Current Assets $333,840.71 PLUS Long Term Investments (BBX Index Portfolio) $197,411.47 Property Plant and Equipment (Hard Assets) $18,150.00 Goodwill - NONE Intangible Assets (Chromatique(tm) & Derivative Works Script) $1,000,000.00 Accumulated Amortization - NONE $- Other Assets (JT II Land SOLD 11/28, Broadway Live Converted to Rental) $- Total Assets $1,549,402.18 Liabilities Current Liabilities Accounts Payable $- Current Portion Due of Long Term Debt (this months portion of LINE 30) $- Other Current Liabilities $- Total Current Liabilities $- PLUS Long Term Debt $- Other Liabilities $- Deferred Long Term Liability Charges $- Minority Interest $- Negative Goodwill $- Total Liabilities $- Stockholders' Equity Preferred Stock $- Common Stock - (BBX - 1,397,276 @ L$.75 /share) $1,047,957.00 Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $49,402.18 Additional PAID-IN Capital $- Treasury Stock - (BBX - 602724 Shares @ L$.75 /share) $452,043.00 Capital Surplus $- Other Stockholder Equity $- Total Stockholder Equity $1,549,402.18 TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1,549,402.18 |
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| Jan 1st 2008, 12:41 Bogart Beck |
BBX & SLCX Issue Unsolicited Tender Offer for ISE - 11/21/2007 | |
For Disclosure Purposes please find attached the Terms and Conditions of an Unsolicited Tender Offer for a controlling interest in the International Stock Exchange of Second Life (ISE)that was submitted this morning by Bo Beck Group (BBX) in partnership with the SL Capital Exchange (SLCX). Please contact myself or Arbitrage Wise directly should you have any questions regarding this offer. Respectfully, Bo Beck CEO, BBX ---------------------------------------------------------------------- PROPOSAL FOR INTERNATIONAL STOCK EXCHANGE OF SECOND LIFE CONSIDERATION To: Cocky Dagger, Chairman - International Stock Exchange From: Bogart Beck, Chairman - Bo Beck Group Arbitrage Wise, Chairman - SL Capital Exchange Date Submitted: Wednesday, November 21, 2007 - 12:01AM Mr. Dagger: On behalf of the Bo Beck Group, and in partnership with the SL Capital Exchange, (hereinafter "the Partnership"), please accept this letter as a FORMAL TENDER OFFER to purchase a controlling voting interest, (755,000 of the issued and outstanding shares; slightly greater than 50%), in the INTERNATIONAL STOCK EXCHANGE of Second Life, pursuant to and contingent upon all of the Terms and Conditions set forth herein. Notwithstanding a mutually agreeable extension or FORMAL ACCEPTANCE of said terms, this offer shall expire at 12:01AM (SLT) on Wednesday, November 28, 2007. As we have discussed briefly, the undersigned hereof firmly believe that we can help ISE and the companies listed on ISE to substantially unlock hidden share value in their respective securities simply by moving them to a more active and vibrant market, to wit the SL Capital Exchange. On volume and liquidity alone most issues could see a 15-20% jump in market capitalization within thirty days of move. Upon sucessfully relisting each of the current ISE-listed companies on the SL Capital Exchange, it would be our intend to re-purpose and re-brand the ISE platform as a boutique Microcap Exchange to specifically cater to small, medium and startup businesses requiring capitalization of less than $500 thousand Lindens. Listing requirements would be moderately relaxed, however, trading commissions and Initial Public Offering (IPO) Underwriting fees would be marginally higher to help balance the risk-reward potential of small-cap securities. We believe that when re-branded, trading and providing Exchange Services as International Small Equities (ISE), this unique niche market, thus far untapped within Second Life, should provide significant upside potential for ISE investors and small-cap companies alike. Upon tender, the forementioned ISE share majority will be held by Bo Beck Group (BBX) as a strategic investment and longterm Capital Asset. If you so desire, it would be my pleasure to nominate you as a full voting Board Member of Bo Beck Group. Currently the Board is comprised of myself, Travis Ristow of BCX Bank, and Kubi Beam a longterm SL CapEx Investor and trusted confidant. Additionally, to help assure ISE Investor confidence and continuity of the professionalism you have clearly demonstrated at the helm of ISE, I would also ask that you agree to stay onboard as Chief Executive Officer of ISE for a minimum of six (6) months, and serve as a full voting Board Member for the remainder of your current term. We would however immediately move to reform your Board of Directors, adding three additional full voting members, (Travis Ristow, Arbitrage Wise and Bogart Beck), with each Board Member to serve One Year renewable terms, and, a Board Chairman to be nominated and ratified each year. Clearly, our intent is not to displace ISE or its leadership but rather to enhance and improve its longterm prospects. Given market sentiment, time is of the essence. As such, please reply with your comments and any questions you may have as quickly as reasonably possible. The specific Terms and Conditions of this offer are as follows; TERMS: Whereas Bo Beck Group, (herein BBX), is a virtual Corporation presently trading on the SL Capital Exchange trading network, with shares trading under the ticker symbol (BBX), and, Whereas the SL Capital Exchange, (herein SLCX), is a virtual Corporation presently trading on the SL Capital Exchange trading network, with shares trading under the ticker symbol (SLCX), and, Whereas, the International Stock Exchange of Second Life, (herein ISE), is a virtual Corporation trading on the SL International Stock Exchange trading network, with shares trading under the ticker symbol (ISE), and, Wheras all of the above referenced virtual Corporations valuate their respective companies using the Second Life virtual and fictitous monetary currency commonly referred to as "Linden Dollars", (herein $L), as issued by Linden Labs, Inc. (herein LL), and subject to the Terms of Service provided therewith, As sole consideration, "the Partnership" proposes to purchase via private sale exactly seven hundred fifty-five thousand shares (755,000) or just over fifty percent (50%+) of the issued and outstanding shares of ISE in a direct unrestricted CASH AND STOCK transaction, and shall within five(5) business days of acceptance of this offer, and immediately upon tender of the forementioned ISE shares, shall cause to be transferred to Cocky Dagger or his duly appointed Agent, exactly $755,000 Lindens, plus 435,000 Bo Beck Group Common Shares (BBX). Immediately thereafter, or as timely as possible, ISE and all of the companies listed thereon shall be RELISTED on the SL Capital Exchange at their then currently trading valuations ($L for $L / share for share). Thereafter, each such listed company shall have thirty (30) days to bring their company into full SLCX Exchange compliance as currently published at http://www.slcapex.com. No other economic consideration, including but not limited to future employment, future stock options, vesting or other shareholder rights are included with this offer except as described herein above. As of this writing, there were 1,508,695 outstanding shares of ISE valued at approximately L$2.29 each, representing a total Market Capitalization of L$ 3,454,911.55 As of this writing, there were 76,000,000 outstanding shares of SLCX valued at approximately L$0.27 each, representing a total Market Capitalization of L$ 20,520,000.00 As of this writing, there were 2,000,000 outstanding shares of BBX valued at approximately L$2.47 each, representing a total Market Capitalization of L$ 4,940,000.00 Based on the above-referenced Market Capitalization valuations, the full monetary consideration of this proposal is approximately L$ 2.42 per ISE share, a substantial premium over both your 7 day and 30 day trading average. Based on our initial review, we believe this offer represents a fair, generous and complete value return for those ISE shareholders who tender their shares - we hope you agree. We also believe this offer represents the very BEST course of action for each ISE listed company, their executives and their respective shareholders. CONDITIONS: Upon consumation, ISE shall IMMEDIATELY HALT trading of its own shares (ISE) and all other listed securities on the ISE exchange and shall commence shareholder conversion as described herein. At transition, ALL ISE software, LSL scripts and other "Objects" shall become the sole property of Bo Beck Group (BBX). OTHER COVENANTS: Specific to ISE's requirement that any successor fully cooperate with 'Buyers Sellers': it should be noted that the SL Capital Exchange already works closely with Robert Bloomfield of Cornell University (aka Buyers Sellers) by providing financial data associated with our exchange. We have no intention of stopping this procedure at this time. In conclusion, we believe our FULL-TIME STAFF are best-prepared, willing and able to assist your currently listed companies, their executive teams, shareholders, and customers with all their needs, now and in the future. Should you choose to accept this offer, we will require shareholder lists for all All ISE-listed entities be delivered to an executive staff member within two (2) business days of the offer's acceptance in writing. Please let us know if there is anything we can do to clarify this offer or assist you in your decision. It would be an honor to work with you in regard to this monumental transaction. Sincerely, Bogart Beck, Chairman Bo Beck Group Arbitrage Wise, Chairman SL Capital Exchange |
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| Jan 1st 2008, 12:45 Bogart Beck |
An Open Letter to the ISE Shareholders (Reprint) - 11/21/2007 | |
An Open Letter to the ISE Shareholders (Reprint) - 11/21/2007 Reprint 11/21/2007 - Original Post at ISE http://www.intlstockexchange.com/displaypressrelease.php?releaseid=373 From: Bogart Beck - 11/21/2007 - 8PM SLT To: The Shareholders of ISE via ISE Forum I've chatted briefly this evening with Cocky via SL IM. With his permission I am appealing to you directly via this Forum with the fervent hope that WE, collectively, can achieve a win-win-win relationship. If WE can, I am quite confident that all parties will profit substantially from the proposal I have drafted for your consideration. Foremost, I want to immediately put to rest any fear you may have that BBX or SLCX would move forward with this buyout offer as an adversarial-hostile takeover. If we ALL cannot benefit (ISE Shareholders, ISE Listed Companies, and BBX-SLCX as acquiring partners), then, indeed, we should ALL walk away from the table confident that the right decision has been made. In times of uncertainty, fear of the unknown often compels us mere mortals to make rash, wrong choices. In my own professional life I have been both the acquired and the acquirer several times - each was a unique experience with valuable lessons. As such, I ask that you each carefully consider the following criteria in making your decision regarding ISE's future. Over the past several months I have spoken with Cocky on several occasions and have the deepest respect for the manner in which he has built and operated ISE. To be very honest, the seeds of the proposal you have before you were germinated in early August when Cocky first considered selling ISE. Our Tender Offer is wholly predicated on the assumption that Mr. Dagger would continue to stay ON BOARD as CEO of ISE - his stewardship, professionalism and genuine concern for YOU, his shareholders, and, the incredible skills he brings to the table as developer, programmer and administrator of the ISE platform are fundamantal to ISE's value proposition - whether to us or anyone else. THAT specific value I believe we can help unlock via the proposed combination. Specifically, over the last month or so I have shared CONFIDENTIALLY with Cocky several opportunities for extending the reach of the ISE platform. For Competitive Intelligence reasons I have chosen to highlight just ONE of those opportunities in the Tender Offer that was recently submitted (the MicroCap Branding Strategy). Please trust that there are at least two additional niches where the ISE platform could enjoy a first-mover advantage at deployment. (If you'd like to vet those concepts personally UNDER NON-DISCLOSURE, please contact either myself, Cocky or Travis Ristow of BCX - each are somewhat familiar with the future deliverable opportunities - though no opportunity is without some risk, or cost). Specific to the proposed MicroCap Branding strategy, let me share my thinking with you - perhaps you'll agree with my assessment. With four current SL Stock Exchanges, rumored to soon be five with the DSE Exchange (Anshe!), clearly there will need to be product and service differentiation between the exchanges. In personally analyzing the strengths and weaknesses of each platform it has occured to me that the ISE platform is well suited for a predominately "in-world" experience - this would lend itself well to a niche market (like MicroCap Securities). If I understood Cocky correctly, MOST of the required constructs thereof already exist in the ISE Intellectual Property portfolio. If you'll do a little research, there is a HUGE untapped revenue opportunity DOWNMARKET from where each of the incumbant Exchanges operate. Sure, Arbitrage and myself could invest some money and use our existing Exchange products to serve that niche. They are quite different markets however and truly do DESERVE the attention of a DEDICATED team and trading platform - there you have it - International Small Equities. It is my belief that this niche ALONE is capable of AT LEAST DOUBLE the current revenue ISE garners in trade commissions with its current large cap portfolio companies and the volumes they trade on a daily basis... I'll talk about incumbent trade volume, commissions and large caps in more detail below... I'd like to speak for a few moments about the Bo Beck Group (BBX), its history, philosophy, asset pool and SL Strategy, as THIS asset plus some CASH is what has been offered to you the ISE shareholder in exchange for your shares in ISE. First, any astute investor will recognize that BBX is a VERY tightly held company with OVER 95% of the issued and outstanding shares being controlled by either myself, a Board Member or a handful of very close allies. In my opinion this strategy is NOT a detriment to a potential longterm BBX investor as clearly MY prospects for success and profit are tied directly to the share price and performance of the company. Additionally, by managing a closely held shareholder group, this tightly held strategy DOES allow me to substantially mitigate the downside volatility prevalent in securities that have a large public float and wide bid/ask gaps that encourage daytrader profiteering. Want proof that this strategy WORKS? Sometime this weekend just for grins, go take a look at the capitalization plan of Google.com. GEORG and RODDERS, one of the SPECIFIC reasons I believe that ISE is a GOOD ACQUISITION for BBX, is that YOU TWO have demonstrated the same level of dedication and longterm support of Cocky that I've come to expect from my shareholder-partners. YES, SHAREHOLDERS ARE EQUITY PARTNERS - OWNERS - I HOPE TO EARN THAT SAME TRUST WITH YOU BOTH. If you would, spend a few minutes this weekend talking to Cadence or Travis or any BBX shareholder - I think the results of my performance over the last few months with SL Capital Exchange, and more recently with BBX speak of my deep regard for all SL Investors. So, what IS BBX? In reality we're still a FORMATION-STAGE COMPANY, formed out of the ashes of a failed Fraud Attempt (SLMS). In early October I was asked to step in and find a way to rescue the defrauded shareholders. The resultant strategy and capital formation plan has been chronicaled at the following URL: http://www.slcapex.com/forums/topic/BBX/797 If you're interested in seeing first hand what BBX has accomplished on behalf of those shareholders, ask one... A fully GAAP Compliant Income Statement and Balance Sheet for the month-ending 10/31/2007 can be found at http://www.slcapex.com/forums/topic/BBX/941 At present the Bo Beck Group is a rapidly growing diversified holding company consisting of five primary subsidiaries whose financial results are reported on a consolidated Income Statement and Balance Sheet. The Business is segmented as follows; (1)- Bo Beck Index - (A Portfolio of SL Capex Stocks) - we earn Dividend and Capital Gains Income trading in these securities. $182K revenue 10-17-10/31! (2) - Bo Beck Galleries - A high-end photo Gallery Franchise consisting of (2) retail galleries exclusively selling Bo Beck ORIGINAL Artwork and photography. (3) - Bo Beck Commercial Properties - primarily consists of two parcels on JT II - one housing our Corp HQ and a BBG Gallery (4096 sq/M), and an adjacent (8192 sq/M) parcel currently being developed as an SL Technology incubator for co's being groomed for IPO on SL CapEx. We additionally RENT a parcel adjacent to Bogarts Jazz Club on Alegria where the Original BBG Gallery resides. NOTE: THESE PROPERTIES ARE KEY to the MicroCAP Market Strategy. I have also recently purchased two additional Residential properties that are being re-developed for longterm Rental Income (Broadway Live) (4) - Bo Beck Asset Management - Escrow, Trustee & Dispute Resolution Services (currently with two primary contracts booked). $80K revenue Month to date! (5) - Bo Beck Intellectual Property - Proprietary Intellectual Property. The ISE Intellectual Property would be added to this +L$1M and growing portfolio. In closing, I'd like to spend a few moments discussing the obligation ISE as an Echange has for its Customers - to wit the listed companies on its exchange. It has been my observation that most of the ISE-listed entities OFTEN go DAYS without a single trade. Please, how does that benefit a Public Exchange who's sole purpose is to CREATE a marketplace for BUYING and SELLING of securities? And if there's no trades, how does the Exchange earn an income? From a listed-company perspective, if the obligation of the Officers is to grow Income and Market Capitalization, yet there's no marketplace and no volume how is the company benefitting from the Exchange relationship? I recognize these three questions sound rhetorical and somewhat adversarial - that's not my point. There is an unavoidable symbiotic relationship between an Exchange, its Customers (Companies) and the Investing Public... is that symbiosis being maximized at ISE? As promised at the outset of this open letter, the BBX-SLCX partnership will NOT force a proxy vote of the ISE Shareholders, nor will we recruit listed companies. If you are satisfied with the status quo, we understand your position and will continue to work cooperatively with ISE in the spirit we have - all the best to you. Blessings this Holiday Weekend - Please drive safely. Respectfully, Bogart Beck Chairman, BBX |
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| Jan 1st 2008, 12:47 Bogart Beck |
Bo Beck Group (BBX) Withdraws ISE Tender Offer - 11/24/2007 | |
Bo Beck Group (BBX) Withdraws ISE Tender Offer - 11/24/2007 With there being an overriding NO sentiment by a substantial block owner of ISE, BBX respectfully withdraws its offer, effective 12:00 Noon SLT, Saturday, November 24,2007. I will follow-up with Cocky Dagger via private message later today. Best wishes to ISE shreaholders - thank you all for your consideration. Bogart Beck, Chairman, Bo Beck Group. |
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| Jan 1st 2008, 13:00 Bogart Beck |
BBX Weekly Update Historical Archive | |
Oct 26th 2007, 10:58 Bogart Beck Re: Official Weekly Update - For CEO Posting Only Edited by moderator Oct 26th 2007, 10:59 October 26, 2007 - BO BECK GROUP - JT World II BBX Shareholders, It's been an interesting couple of weeks to say the least. New Exchanges, crash and burn stories galore, muck-raking, mud-slinging, disappearances, reappearances... MUST BE SL!! So... what have we actually accomplished at Bo Beck Group in the midst of all this excitement and turmoil? Quite a bit actually, as follows; (1) - As most of you read in our launch announcement, foremost, BBX has been able to put together an outside Board of Directors that, in my view, is unparalled in SL. Travis and Kubi are exceptional administrators in their own right - a quick look at the performance of the NDX Index here on CapEx and the performance of BCX on ISE, as well as Travis's recent salvage efforts over on WSE clearly demonstrate an ability to both recognize value and execute a plan. As most of you know, Kubi has been a consistent voice of reason around here - a quiet giant so to speak - I look forward to working with both of them as we begin to execute the vision I've shared for the Bo Beck Group. We've just begun, but I sense a great adventure and exciting prospects for BBX and its investors. (2) - In just two short weeks we've been able to reasonably balance and weight the BBX Index to best reflect (in our view) the value propositions offered on SL CapEx. The portfolio, at this point, is concentrated solely in SL CapEx listed offerings, honestly, because of the uncertainty still present elsewhere within the SL Capital Markets. I've always been a little Risk Adverse in this regard, however, we may begin to look at other publicly-traded value investment opportunities down the road but feel, for now, that our best and safest investment opportunities are here close to home. (3) - For those wishing a sneak preview of what we're doing in the Commercial Real Estate Segment, take a walk outside the CapEx HQ building and gander across the way at the new Bo Beck Group Office Complex currently under construction. We have rezzed our Headquarters, the second Bo Beck Gallery and a small mixed-use commercial plaza within the last several days. Our vision is to use the commercial plaza as a business incubator to give upstart companies an opportunity to "strut their stuff" so to speak as they're preparing for IPO on CapEx. This location will provide each startup with a location to incubate and fully develop their product concepts, and most importantly, generate some revenue and a track record, before attempting an IPO launch on the Exchange. Further to that effort, I have begun putting together a curriculum that we'll use to help educate and train upstart executives on their responsibilities and obligations before launching their companies - we hope this will help bring better coordinated and more sucessful companies to the public markets. (4) - I've also started looking a little more critically at the work I'm displaying in the Bo Beck galleries. For now, we are de-emphasizing the Framing aspect of the business to allow more high-margin artwork to be displayed per square meter in each Gallery. My hope is that this slight tweak to the business model will accelerate our path to profitability. To that end we are also planning two Gallery Events for November - the first is actually a PREMIER of an incredible Watercolor Artist who has just recently decided to display her works in SL - Invitations are likely to be distributed within the next week to ten days. The second Event is being coordinated as a joint (co-branded) afair at our Gallery at Bogarts on Alegria - stay tuned for more on that in the near future... (so much to do). (5) - Work on the Product Specification for the Derivitive Works Scripting Project is progressing (albeit slowwwly)... I have interviewed two coding professionals within the last week - it would appear both are capable of completing the work - it's primarily a matter of cost and timing at this point (balls in my court to finish the functional spec...) Stay tuned for more on that next time. Finally, I wanted to say THANK YOU to those SLMS Shareholders who have stayed on board as BBX Investors. I'm confident we're doing the right things and believe your patience weill pay dividends down the road as we get our linear fowl in order. Blessings, Bogart Beck Founder, BBX Nov 2nd 2007, 09:41 Bogart Beck Re: Official Weekly Update - For CEO Posting Only Edited by moderator Nov 2nd 2007, 10:46 Bo Beck Group Repurchases 100K Shares - 11/02/07 11/02/07 - JT World. After watching the shareprice of BBX deteriorate this past week, primarily on the activity of Day Traders & Swing Traders, BBX elected to repurchase 100K shares this AM at prices ranging from L$.70 - L$1.20 per share. Given the recent announcements regarding the contracts Bo Beck Management Services has received within the last ten days I felt our share price was significantly undervalued when compared to the asset valuations of other SL Capital Exchange traded securities. We have no intention of retiring these shares and may re-introduce them to the public market when it is advantages for us and our shareholders to do so. Blessings, Bo Beck CEO BBX Nov 30th 2007, 09:50 Bogart Beck Bo Beck Group (BBX) - To Pay Dividend on Extraordinaire Income Bo Beck Group (BBX) - To Pay Dividend on Extraordinaire Income BBX Shareholders, I am pleased to report that BBX will distribute its FIRST DIVIDEND PAYMENT to Shareholders of record at 11:59PM SLT this evening. My preliminary review of this months INCOME justifies a distribution of at least $.02 per share (perhaps a little more as I reconcile the companies monthly expenses late this afternoon). If I must say so myself, NO DEBT, and IN THE MONEY at +45 days of formation is an accomplishment to celebrate and a reasonable leading indicator of our nearterm prospects as we continue to hone our business plan to more directly focus on extending our core competencies. To that end I will be announcing a couple of minor tweaks to the business model in the coming days that will allow us to better leverage the company asset pool - (most likely concurrent with the release of our monthly Financials on or before 12/10/2007) - stay tuned. Blessings, Bo Beck BBX CEO Dec 3rd 2007, 01:24 Bogart Beck Re: Official Weekly Update; For CEO Posting Only Bo Beck Group (BBX) - Weekly Report & Forward Guidance - 12/03/2007 Shareholders & Potential Investors, Prospects for BBX continue to look strong as we've begun to better focus our assets and efforts. First, a final thought on the recently proposed ISE acquisition (subsequently withdrawn); while I still believe the combination would have been a valuable and accretive addition to the BBX portfolio, I can appreciate the ISE Shareholders desire to remain independent. We'll continue to keep an eye on ISE going forward and perhaps reconsider a combination in the future. In the Interim we'll continue to cooperate and compete above board as we have in the past and will touch base with Chairman Dagger from time-to-time. Second, I've made the difficult decision to abandon the Commercial Property Development effort begun in late October on JTF-II. Honestly, as much as I enjoy building, the post-construction Rental/Customer Care effort required to make it a profitable venture is more than I have the bandwith for at this time. The 4096 sq/M parcel has been resold; the 8192 sq/M Parcel (adjacent to the SL Exchange is on the market at a very attractive price. If you're interested drop me an IM or e-mail (bogart.beck@gmail.com) Third, I'm in the process of relocated the Corporate Office to a SECRET NEW LOCATION... look for a Gala Grand Opening sometime this month - stay tuned! ;-) Fourth, SALES of My Original Artwork on display at the Bo Beck Gallery on Alegria has been unusually slow this month. Bogart's Jazz Club (our landlord) is planning to relocate the Club to a NEW SIM sometime in January or February - if the rent rate remains affordable at the new location we'll look to piggyback on that Mojo. Fifth, I've finally identified a programmer with "the Right Stuff" to fully develop the Derivative Works Product (read Digital Rights Management for SL). I anticipate we'll have a contractual relationship nailed down and a timetable for delivery of the first generation platform some time this month - this is an extremely valuable technology effort for SL with a huge income opportunity if we can get to market first with an offering. Finally, for transparency purposes, please find below my Personal Holdings and an itemization of all Assets currently under Management by BBX. Our portfolio is diverse and growing, while still maintaining the comfortable security of being exclusively SL CapEx-based. PERSONAL HOLDINGS as of 11/30/2007 ---------------------------------- CASH - L$ 200,000.00 BBX - Bo Beck Group - 1,000,001 shares - NPV L$ 2,520,002.52 SLCX - SL CapEx - 9,600,000 shares - NPV L$ 2,755,000.29 Bo Beck Index Fund - Assets Under Management as of 11/30/2007 ------------------------------------------------------------ CASH - L$ 90,874.61 BBX - Bo Beck Group - 710,001 shares - NPV L$ 1,789,202.52 * ......(Note: Includes 602,724 BBX Treasury Shares) DCTY - DreamCities.net - 10,001 shares - NPV L$ 11,701.17 DGD - Dragon Global Diversified - 10,001 shares - NPV L$ 21,902.19 INC - Innovative Inc. - 25,001 shares - NPV L$ 25,751.03 JTIC - JT Investment Certificates - 25,001 shares L$ 28,501.14 MECH - Riot Mechs - 15,001 shares - NPV L$ 15,301.02 NDX - Innovative Index Fund - 14,001 - NPV L$ 37,802.70 SLCX - SL CapEx - 100,001 shares - NPV L$ 29,000.29 SLR - SL Reports - 25,001 shares - NPV L$ 13,000.52 ZEN - Zhenya Zoning Real Estate Co. - 10,001 shares - NPV L$ 15,101.51 SL CapEx Fraud Fund - Assets under Management as of 11/30/2007 -------------------------------------------------------------- CASH - L$ 277.32 DGD - Dragon Global Diversified - 6,001 shares - NPV L$ 13,142.19 INC - Innovative Inc. - 20,001 shares - NPV L$ 20,601.03 KDC - Karlfeldt & Delgado Capital - 300,001 shares - NPV L$ 207,000.69 NDX - Innovative Index Fund - 6,001 shares - NPV L$ 16,202.70 SLCX - SL CapEx - 6,001 shares - NPV L$ 1,740.29 SLR - SL Reports - 15,001 shares - NPV L$ 7,800.52 SLTM - SL Tronics Media - 10,001 shares - NPV L$ 21,902.19 VBL - Verballis - 4,001 shares - NPV L$ 14,003.50 YEP - Yellow Paperclip Corp - 35,001 shares - NPV L$ 77,002.20 ZEN - Zhenya Zoning Real Estate Co. - 5,002 shares - NPV L$ 7,553.02 AFB-AIG TRUSTEE ACCOUNT - Assets under Management as of 11/30/2007 ------------------------------------------------------------------ CASH - L$ 305,986.61 SLCX - SL CapEx - 6,540,174 shares - NPV L$ 1,896,650.46 Well, that's all for this time... Happy trading! Bo Beck CEO, BBX [ moderator: delete edit ] Reply Dec 8th 2007, 16:58 Bogart Beck Re: Official Weekly Update; For CEO Posting Only Bo Beck Group (BBX) - Weekly Report - 12/08/2007 Shareholders and Potential Investors, Overall it's been a productive week - our Assets Under Management have grown and I've been able to maintain the shareprice at a high valuation in spite of some downward selling pressure - Yep, a few folks taking some nice profits. The AFB-AIG Trustee portfolio is progressing - albeit quite slowly this month. Attn: AFB Claimants: If you're hoping to see a reasonable recovery this month you'd better jump on the SLCX bandwagon as I can't responsibly continue to liquidate SLCX shares at its current shareprice. Gotta keep those bids over L$.30/sh if we're to be successful - can't get there without your support! I've continued to buy-back BBX shares as a short-term Investment in preparation for a major product development announcement which I'll discuss at our planned Shareholder Meeting on 12/18/2007 at 7:00PM SLT - location TBD. Stay tuned... I'm also pleased to report that Arbitrage Wise and JT Financial have entrusted BBX with yet another Asset Management opportunity - the JT Investment Fund. I'm just beginning to allocate assets within this new portfolio and will report on its holdings beginning late this month... Beginning Balance: L$100,000.00 Bogart Beck holdings Disclosure - week of 12/08/2007 PERSONAL HOLDINGS as of 12/08/2007 ---------------------------------- CASH - L$ 149,950.00 BBX - Bo Beck Group - 1,000,001 shares - NPV L$ 2,750,002.75 SLCX - SL CapEx - 9,600,000 shares - NPV L$ 2,755,000.29 Bo Beck Index Fund - Assets Under Management as of 12/08/2007 ------------------------------------------------------------ CASH - L$ 5,985.67 BBX - Bo Beck Group - 724,584 shares - NPV L$ 1,992,606.00 * ......(Note: Includes 602,724 BBX Treasury Shares) DCTY - DreamCities.net - 10,001 shares - NPV L$ 12,101.21 DGD - Dragon Global Diversified - 10,001 shares - NPV L$ 21,602.16 INC - Innovative Inc. - 25,001 shares - NPV L$ 25,751.03 JTIC - JT Investment Certificates - 25,001 shares L$ 28,501.14 LCA - L&L Credit Agency (NEW IPO) - 10,001 shares L$ 10,001.00 LNL - L&L Bank and Trust (Added) - 15,001 shares L$ 10,800.72 MECH - Riot Mechs - 25,001 shares - NPV L$ 25,501.02 NDX - Innovative Index Fund - 10,001 - NPV L$ 33,003.30 SLR - SL Reports - 175,001 shares - NPV L$ 92,750.53 WPM - Wise Property Mgmt (NEW IPO) - 25,001 shares - NPV L$ 25,001.00 ZEN - Zhenya Zoning Real Estate Co. - 10,001 shares - NPV L$ 13,801.38 TOTAL BBX INDEX FUND ASSETS UNDER MANAGEMENT $ 2,295,405.96 =========================================================== SL CapEx Fraud Fund - Assets under Management as of 12/08/2007 -------------------------------------------------------------- CASH - L$ 00.13 (Fully Invested)! DGD - Dragon Global Diversified - 6,001 shares - NPV L$ 12,962.16 INC - Innovative Inc. - 23,001 shares - NPV L$ 23,691.06 KDC - Karlfeldt & Delgado Capital - 300,001 shares - NPV L$ 198,000.06 NDX - Innovative Index Fund - 5,000 shares - NPV L$ 16,500.00 SLCX - SL CapEx - 10,001 shares - NPV L$ 2,900.29 SLR - SL Reports - 16,472 shares - NPV L$ 8,730.16 SLTM - SL Tronics Media - 10,001 shares - NPV L$ 19,401.94 VBL - Verballis - 4,001 shares - NPV L$ 12,403.10 YEP - Yellow Paperclip Corp - 35,001 shares - NPV L$ 84,352.41 ZEN - Zhenya Zoning Real Estate Co. - 5,002 shares - NPV L$ 6,902.76 TOTAL SL CAPEX FRAUD FUND ASSETS UNDER MANAGEMENT L$ 385,844.64 =============================================================== AFB-AIG TRUSTEE ACCOUNT - Assets under Management as of 12/08/2007 ------------------------------------------------------------------ CASH - L$ 404,299.26 SLCX - SL CapEx - 6,190,000 shares - NPV L$ 1,795,100.00 Well, that's all for this time... Happy trading! Bo Beck CEO, BBX Dec 17th 2007, 12:46 Bogart Beck Bo Beck Group (BBX) Shareholder Meeting 12/18/2007 Bo Beck Group (BBX) - Shareholder Meeting 12/18/2007 at 7:00PM SLT Please set aside an hour on Tuesday evening 12/18/2007, from 7:00-8:00 PM SLT to attend our First Annual Shareholder Meeting. Our Agenda is as follows; 7:00-7:10 PM - Roll Call & Introductions 7:10-7:30 PM - Chairman's Report 7:30-7:40 PM - Resolution to Split 7:40-7:50 PM - 2008 Board of Director Nominations 7:50-8:00 PM - Investor Questions & Answers... Adjourn 8:00-9:00 PM - Reception at NEW Corporate Office. Blessings, Bo Beck BBX CEO Dec 23rd 2007, 12:54 Bogart Beck Bo Beck Group (BBX) L$.05 /share Dividend Paid - 12/23/2007 11:59AM Bo Beck Group (BBX) L$.05 /share Dividend Paid - 12/23/2007 11:59AM SLT Dividend Distribution for December; a L$0.05 per share Dividend has been distrubuted to Shareholders of Record at approximately Noon (SLT) on Sunday December 23, 2007 - an early gift for our freinds and SL Family. On behalf of the BBX Board of Directors, THANK YOU and MERRY CHRISTMAS! God Bless, Bogart Beck BBX Chairman Dec 26th 2007, 14:18 Bogart Beck Re: Official Weekly Update - For CEO Posting Only Disclosure of Sale of Stock and Current Holdings - Bo Beck - 12/26/2007 Hey all, As we approach year-end I wanted to give an accounting of my current holdings and Disclose the recent sale of PERSONAL shares in SLCX and TREASURY shares in BBX. Between 12/16/2007 and 12/26/2007 I have Sold 529,999 SLCX Shares at Market out of my Personal Portfolio at prices ranging from L$.25 - $L.29 per share. The net proceeds of these sales have been moved to my personal portfolio. Between 12/16/2007 and 12/26/2007 I have sold 20,000 BBX Shares at Market out of the BBX TREASURY at prices ranging from L$2.81 - L$4.38 per share. The proceeds of these sales have been moved to the BBX Treasury for General BBX Operating Expense purposes or reinvestment. This will be my FINAL Personal Disclosure Report before year-end close, however, I will likely continue to adjust my own portfolio and the BBX portfolios as part of its ongoing Investment and Asset Management operation between now and then. As of 1:15PM SLT 12/26/2007 the TOTAL STOCK HOLDINGS I own or manage are as follows; PERSONAL PORTFOLIO: SLCX: 8,720,002 Shares; NPV L$ 2,528,800.58 BBX: 1,000,001 Shares; NPV L$ 4,000,004.00 BO BECK INDEX FUND: BBX: 600,001 Shares; NPV L$ 2,400,004.00 INC: 30,001 Shares; NPV L$ 30,601.02 JTIC: 25,001 Shares; NPV L$ 28,251.13 KDC: 25,001 Shares; NPV L$ 18,750.75 MECH: 50,001 Shares; NPV L$ 50,501.01 NDX: 5,001 Shares; NPV L$ 17,903.58 SLR: 220,001 Shares; NPV L$ 112,200.51 SLTM: 20,001 Shares; NPV L$ 39,601.98 TNW: 35,001 Shares; NPV L$ 35,001.00 WPM: 100,001 Shares; NPV L$ 95,000.95 SL CAPEX FRAUD FUND: INC: 25,001 Shares; NPV L$ 25,501.02 KDC: 300,001 Shares; NPV L$ 225,000.75 NDX: 5,001 Shares; NPV L$ 17,903.58 SLR: 27,001 Shares; NPV L$ 13,770.51 SLTM: 10,501 Shares; NPV L$ 20,791.98 TNW: 1,001 Shares; NPV L$ 1,001.00 WPM: 37,001 Shares; NPV L$ 35,150.95 YEP: 25,001 Shares; NPV L$ 67,502.70 JT INVESTMENT FUND: WPM: 100,000 Shares; NPV L$ 95,000.00 ALLENVEST TRUSTEE ACCOUNT: SLCX: 6,090,101 Shares; NPV L$ 1,766,129.29 That's all for now - hoping you all had a VERY MERRY CHRISTMAS! God Bless, Bogart Beck Dec 30th 2007, 18:46 Bogart Beck Beck Technical Research (BTR) Prospectus Posted Beck Technical Research (BTR) Prospectus Posted - 12/30/2007 I wanted to give the existing Bo Beck Group (BBX) Shareholders as well as potential new investors an opportunity to review the Prospectuses of the entities that will be created via the previously announced Reverse-Merger of the Bo Beck Group (BBX) after Close-of-Business on 12/31/2007. I am STILL putting the finishing touches on the BECK INVESTMENT GROUP (BIG) Prospectus as of this writing and expect to post it within the next couple of hours. I have appended the BECK TECHNICAL RESEARCH (BTR) Prospectus to this Post and will also publish it in the BBX Forum for review and comment. I hope you find it informative and entertaining and will give it serious consideration for inclusion in your investment portfolio. As a REMINDER: Bo Beck Group (BBX) will be HALTED sometime just before midnight (SLT) tomorrow evening, 12/31/2007 to allow us to CLOSE THE BOOKS on BBX and establish the two new entities (BIG & BTR) as its successors. BIG & BTR will begin trading on the SL Capital Exchange on Tuesday 01/01/2008. I do recognize that the public float on BBX has been EXTREMELY TIGHT over the least few days. In recognizing that a few new investors may want to get a piece of the action I have made a few thousand BBX Treasury Shares available to the market at just above the current ASK. Wishing you a very Happy New Year and a prosperous 2008! God Bless, Bogart Beck -------------------------------------------------------------------------------- BECK TECHNICAL RESEARCH PROSPECTUS: Stock Symbol BTR Company Name Beck Technical Research (BTR) Company Tagline An Intellectual Property Development Company CEO's Real Life Name D. Roudebush (aka) Bogart Beck CEO's Real Life Location Sacramento, CA USA Board of Directors The BTR Board of Directors shall be comprised of, at minimum, three (3) persons, nominated annually, with each person to serve a one year term to run concurrent with the BTR Fiscal Year (Jan. 1 - Dec. 31). At minimum, One (1) Board Member shall be a bona fide INDEPENDENT OUTSIDE DIRECTOR. (ie; having no direct responsibility for the day-to-day operation of BTR). New Board Member nominations shall be accepted at the BTR Annual Shareholder Meeting, typically convened in early December of each year, or, at any other time as may be deemed appropriate and necessary by the Board of Directors at its sole discretion. At formation, the Board of Directors is as follows; Chairman and Chief Exectutive Officer: Bogart Beck, Founder Outside Directors: Travis Ristow, CEO Innovative Index Fund (NDX) Kubi Beam, CEO Tropical Temptations (XXX) Total Shares to Create 2000000 Cash on hand 100000 Name for Chairman's Letter Keepin' it REAL... Chairman's Letter Foremost, thank you for taking an interest in the SL Capital Markets, and specifically for investigating BTR. Investment in SL-based businesses can be a very FUN and EDUCATIONAL endeavor. The SL Economic Model has proven itself to be a realistic and resilient engine for many of us that spend considerable time here. Some are even able to derive real-world income from entrepreneurial pursuits within this fascinating environment. Please accept the following broad caution as my personal gesture of goodwill to you - a potential friend and perhaps an investment partner; (a) it's not easy - success here requires integrity, hard work, due diligence, and boundless determination. (b) it's not risk-free - just like real-life, there are both winners and losers in this complex simulation. Please, don't put at risk in your Second Life(tm) anything you can't afford to lose in your First Life (real), whether that's money, relationships, quality of life or any other RL metric. AXIOM: (SL < RL) ALWAYS. Regardless, I sincerely wish you good fortune in whatever compels you here. Bogart Beck BTR Founder Business Overview Beck Technical Research (BTR) is a publicly-traded Intellectual Property Development Company formed as part of an announced and formally approved Reverse-Merger of the Bo Beck Group, a company previously trading as (BBX) on the SL Capital Exchange, a virtual Stock Market simulation operating at http://www.slcapex.com The Reverse-Merger was completed on 12/31/2007. The surviving entities, Beck Investment Group and Beck Technical Research, now trade seperately on the SL Capital Exchange as BIG & BTR respectively. Briefly, for those unfamiliar with the Bo Beck Group (BBX), we were formerly organized as a DIVERSIFIED PORTFOLIO COMPANY with very disparate assets including; an INDEX FUND (SL CapEx Stocks), an ASSET MANAGEMENT SERVICES portfolio, an ESCROW and TRUSTEE SERVICES portfolio, an ART GALLERY (including the Original Artwork) and various INTELLECTUAL PROPERTY RIGHTS including an undeveloped DIGITAL RIGHTS MANAGEMENT concept and several defensible Trademark(tm) Rights. The Reverse-Merger was specifically proposed as an opportunity to better allocate those assets in a manner that would provide potentially greater returns for our existing shareholders and two "easier to understand" companies for potential new investors. At completion of the Reverse-Merger, the (BBX) shareholders recieved one (1) share each of (BIG) and (BTR) for each share of (BBX) held. ALL (BBX) shares were then RETIRED and the Bo Beck Group was subsequently DISSOLVED. The surviving entities are organized as follows; Beck Investment Group (BIG) - a pure-play Financial Services Company with the following assets; ================== the INDEX FUND (SL CapEx Stocks), the ASSET MANAGEMENT SERVICES portfolio, the ESCROW and TRUSTEE SERVICES portfolio. Beck Technical Research (BTR) - a pure-play Intellectual Property Development Company, which includes; =================== the ART GALLERY (including the Original Artwork) the INTELLECTUAL PROPERTY RIGHTS including the DIGITAL RIGHTS MANAGEMENT product and the Trademark(tm) portfolio. The balance of THIS Prospectus will focus on the Business Strategy of Beck Technical Research (BTR). Readers who may be interested in further information regarding the Beck Investment Group (BIG) are invited to review its Prospectus at http://www.slcapex.com/symbol/BIG/profile Business Strategy "What's an Intellectual Property Development Company?" ... and more importantly... "Why would I park my precious $Lindens here?" Fundamentally, BTR was conceived as a Technology Incubator where innovative SL ideas can be "fully-baked". In simplest terms, BTR is structured somewhat like a RW Venture Capital Firm and a little bit like an academic think tank. Our mission is to to research, develop and deploy NEW technoloies that will enhance and/or extend the Second Life(tm) environment and community. In selecting and investing in such ideas BTR will primarily focus on three objectives; (a) Team Building. ALL IDEAS NEED A CHAMPION. In our experience the greatest determinator (sp?) in any venture boils down to the character, integrity and ultimately the chemistry and performance of the TEAM. We MUST cultivate and fully mentor LEADERS for EACH New Product. This shall include specific coaching in the art of CORPORATE COMMUNICATION, the science of FINANCIAL REPORTING, and the discipline of RESPONSIBLE STEWARDSHIP. (b) Clearly defined Product designs and "get to market" strategies. Innovation is as much about process and project management as it is about product. BTR shall not ship half-baked concepts... better late than lost. In this era of "git 'er done" we'd rather "GET IT RIGHT" ... and will. (c) Capital Formation and a clear Path to Profitability. Regardless of the underlying technologies involved, Entrepreneurism is ultimately about monetizing ideas. If a product or service concept cannot provide a reasonable return on investment for both the Shareholder and the Team why bother? ... we won't. Business Strengths Clearly our greatest Strength is the PEOPLE who have either engaged with us as Board Members, as our Investors or as part of the talent pool. It equally takes all three to form, fund and finish an idea. We have been very fortunate to have found the gaggle of geeks (myself included) that frequent SL CapEx. In RL I've been involved in either Technology Development or Product Marketing for over 25 years. In that time I have rarely encountered a more dedicated, engaged and enthused group of individuals. Collectively, I believe this cooperative represents the Best and Brightest SL has to offer. Organizationally, we will consciously and conspicuously seek to leverage that fellowship and camaraderie every day. BRING IT! Use of Capital Tactically, our hope is to develop a product pipeline that allows us launch a new concept once per quarter. This goal is aggressive and requires TALENT, TECHNOLOGY and TIMING. To even marginally achieve that audacious goal we'll need GREAT PEOPLE, GREAT IDEAS, good fortune and a WHOLE BUNCH OF CAPITAL. Philosophically, we believe that EACH PRODUCT SUITE must STAND ON ITS OWN MERIT. To that end, we will embark on a funding strategy that, to my knowledge, has not previously been considered on SL CapEx although I'm quite sure it will be rapidly replicated by others once its benefit is fully understood. ;-) Specifically, we will require our Product Teams to RAISE THEIR OWN CAPITAL versus simply cannibalizing the profits of other revenue streams in the BTR corporate coffers. This will accomplish two goals; (a) It will give our Candidate Officers EXPERIENCE in the SL capital market environment. In terms of negotiation and effectively communicating with potential investors there is no better test than a Trial by Fire. Candidates will be required to draft and publish a Prospectus, a complete Product Desciption and a Marketing Plan at formation, not as an afterthought just prior to commercial launch. (b) By SEGMENTING the funding of projects we believe we can better target and attract potential new Investors while concurrently helping to protect the incumbent investor pool through a rather simple risk mitigation strategy. Huh? ... Please allow me to illustrate, as follows; For each significant product development effort BTR will issue a seperate class of PREFERRED STOCK which will trade on the SL Capital Exchange on its own merit. They will be classified as Preferred because each will pay a nominal FIXED monthly dividend as an investment incentive to shareholders during the development cycle. Unlike traditional Preffered shares however, this class of shares will be SUBORDINATE to the BTR COMMON Shares from a Rights and Redemption standpoint. BTR will retain a substantial portion of the Preferred shares during development to provide a predictable revenue stream for BTR COMMON Shareholders. Assuming a successful product launch, this funding methodology also creates a viable EXIT STRATEGY for BTR and its Investors - the NOW PROVEN "NEWCO" could readily SPIN OUT of BTR simply be converting the BTR Preferred shares to NEWCO Common shares. BTR will Fund the eminent DIGITAL RIGHTS MANAGEMENT development effort using this methodology. For those having a more traditional MARKET BASKET approach, simply investing in BTR COMMON Shares should provide reasonable returns with relatively low risk versus traditionally funded ventures. On a per-venture basis, Capital raised in the formation stage of each project will be used primarily as follows; (a) to perfect the underlying intellectual property, (b) to compensate the Product Management and Executive Team, (c) to fund the PREFERRED Share Fixed Dividend payouts, (d) to develop and communicate the Product Launch campaign and ongoing Marketing effort. (e) to pay other general operating expenses such as tier fees, etc. where required. From a corporate and fiscal oversight standpoint, BTR will require its incubation-stage entities to produce Monthly pro forma Financial Statements and communicate with the SL CapEx community in a manner that conforms 100% with Exchange policy and community standards. We believe this transparency to be critical for the longterm sustainability of each development effort. Competence breeds confidence. Risk Factors Capital Investment both in real-life and Second Life(tm) is fundamentally all about MANAGING RISK and is primarily about balancing the risk versus reward scenario. In any Investment opportunity there may be SUBSTANTIAL RISKS which must be thoroughly and diligently considered. Specific to SL CapEx-based Investment REGARDLESS of whether you consider this activity to be simply STOCK MARKET GAME PLAY, an ECONOMIC SIMULATION, a TOY ECONOMY or a bona fide investment opportunity I implore you to familiarize yourself with both the Linden Lab Terms of Service (TOS) and the SL Capital Exchange Terms of Service (TOS) contained at the following links; (these be the basic rules) Linden Lab TOS: http://secondlife.com/corporate/tos.php SL CapEx TOS: http://www.slcapex.com/content/info TO BE CRYSTAL CLEAR: YOU COULD LOSE SOME OR ALL OF YOUR SL CAPITAL INVESTMENT! ($L's) Prior to considering any investment one must identify, analyze and mitigate risk at both a macro-level (example; governmental, regulatory, operating environment, et al) and at an enterprise or micro-level (ie; company, competition, etc.). Additionally, the potential risks must be considered from both an internal (controllable) and external (no control) standpoint. We have diligently considered the following potential risks; MACRO-LEVEL: There has been community discussion within the last year as to whether (or when) governmental agencies might intervene within the SL Financial community from a regulatory or legislative standpoint. This is an external risk over which we have no control. There has also been debate and dialogue regarding Linden Lab's support and ongoing administrative control over the unit of measure commonly called $Lindens on several fronts, including; (a) CONVERSION of $Lindens to a LEGAL TENDER CURRENCY and the potential tax consequences thereof. Here, too, we have no control or authority. Players ar encouraged to seek their own counsel regarding any potential tax consequences in their local jurisdiction. (b) Linden Lab's ability to MAINTAIN a STABLE ECONOMY as measured by the EXCHANGE RATE of $Lindens to US Dollars, the availability and pricing of virtual Real Estate within the SL environment, and various other user experience metrics as are published from time-to-time by LL and others. Regardless of LL's apparent unwillingness to acknowledge its role as the CENTRAL BANKING AUTHORITY and MONETARY POLICY ADMINISTRATOR within SL, they DO CONTROL the $L:$US conversion rate and thus have totalitarian authority and sphere of influence over the $Linden Unit of Measure and its trade value within the overall SL Economy. We additionally have little direct control over the SL technical environment or the innovations and feature sets it supports. Our OPPORTUNITY is in finding unique ways to thrive and survive within and adjacent to the boundaries of the SL Metaverse. MICRO/ENTERPRISE-LEVEL: The majority of our internal risks are directly related to our ability to articulate and execute viable business strategies, and our ability to successfully develop and deploy technologies that add value within the SL community. Innovation within the SL community is MARGINALLY DEFENSIBLE from a competitive standpoint. Most successful SL product concepts are mimicked and/or improved upon by others rather rapidly. Creative Marketing strategies and ontinual product and process improvement is required to attain or maintain any level of competitive advantage within SL. A portion of our Intellectual Property portfolio may be defensible from either a Copyright(C), Trademark(tm) or Patent standpoint. While we can make no claim as to the longterm sustainability of such competitive position we do intend to vigorously protect such rights where practical and economically viable. Management As mentioned briefly elsewhere herein, the success or failure of any venture can generally be laid at the feet of its leadership. In considering the appropriate experience level and business accumen required of this venture it was very clear early-on in the formation process that the dynamics and chemistry between myself and the incumbent Board of Directors of the former Bo Beck Group (BBX) were ideal for THIS entity as one of its two successor companies. Travis Ristow is a known quantity with PROVEN Corporate Governance experience within the SL Financial Community, having sucessfully founded both BCX Bank (ISE:BCX) and SL RISK (ACE:RIS). He has also cultivated subject matter expertise in SL Acquisitions via the Innovative Index Fund (SL CapEx: NDX) and the art of corporate TURN-AROUND's and recovery plans via his acquisition and subsequent sale of what is now trading as the Sky Power Fund (SL CapEx: POW). Kubi Beam is arguably one of the most successful independent investors within the SL Capital Markets, holding either substantial or controlling interests in MOST of the securities that trade on the SL Capital Exchange. Kubi currently shepherds the Tropical Temptations SIM (SL CapEx: XXX) and serves as a Board member for several companies within the community. Always a voice of reason and thoughtful contribution, Mr. beam is a quiet giant within the community and I am pleased to have him as an outside Director. My own experiences as the incumbent CEO and interim CFO of the SL Capital Exchange itself (SLCX), as well as my role in the formation and sucessful launch of the Bo Beck Group I believe positions this entity for success in whatever projects we undertake. As outlined elsewhere herein, our strategy is clearly to recruit and retain the best qualified candidates for each product development effort we commission. We will consistently look for direct subject matter expertise in the principle disciplines each project requires and will compensate in such a manner that those persons we retain are rewarded and feel valued by the enterprise. If YOU have a product concept or specific expertise we should know about please feel free to IM me in world, or drop me a message in the forums or via email - Bogart.Beck@GMail.com . I wish you THE BEST in your Investment endeavors! God Bless, Bogart Beck BTR Founder Bogart Beck Beck Investment Group (BIG) Prospectus Posted - 12/31/2007 Beck Investment Group (BIG) Prospectus Posted - 12/31/2007 Post Number (2) of (2)... please also see a previous message regarding the BTR Prospectus which was posted 12/30/2007. I wanted to give the existing Bo Beck Group (BBX) Shareholders as well as potential new investors an opportunity to review the Prospectuses of the entities that will be created via the previously announced Reverse-Merger of the Bo Beck Group (BBX) after Close-of-Business on 12/31/2007. I have appended the BECK Investment Group (BIG)) Prospectus to this Post and will also publish it in the BBX Forum for review and comment. I hope you find it informative and entertaining and will give it serious consideration for inclusion in your investment portfolio. As a REMINDER: Bo Beck Group (BBX) will be HALTED sometime just before midnight (SLT) tomorrow evening, 12/31/2007 to allow us to CLOSE THE BOOKS on BBX and establish the two new entities (BIG & BTR) as its successors. BIG & BTR will begin trading on the SL Capital Exchange on Tuesday 01/01/2008. I do recognize that the public float on BBX has been EXTREMELY TIGHT over the least few days. In recognizing that a few new investors may want to get a piece of the action I have made a few thousand BBX Treasury Shares available to the market at just above the current ASK. Wishing you a very Happy New Year and a prosperous 2008! -------------------------------------------------------------------------------- Beck Investment Group (BIG) Prospectus: Stock Symbol BIG Company Name Beck Investment Group (BIG) Company Tagline A Diversified Investment Portfolio CEO's Real Life Name D. Roudebush (aka) Bogart Beck CEO's Real Life Location Sacramento, CA USA Board of Directors The BIG Board of Directors shall be comprised of, at minimum, three (3) persons, nominated annually, with each person to serve a one year term to run concurrent with the BTR Fiscal Year (Jan. 1 - Dec. 31). At minimum, One (1) Board Member shall be a bona fide INDEPENDENT OUTSIDE DIRECTOR. (ie; having no direct responsibility for the day-to-day operation of BIG). New Board Member nominations shall be accepted at the BIG Annual Shareholder Meeting, typically convened in early December of each year, or, at any other time as may be deemed appropriate and necessary by the Board of Directors at its sole discretion. At formation, the Board of Directors is as follows; Chairman and Chief Exectutive Officer: Bogart Beck, Founder Outside Directors: Travis Ristow, CEO Innovative Index Fund (NDX) Kubi Beam, CEO Tropical Temptations (XXX) Total Shares to Create 2000000 Cash on hand 200000 Land owned 2048 Tangible Assets 3000000.00 Monthly Income 100000 Monthly Expenses 26500 Name for Chairman's Letter Keepin' it REAL... Chairman's Letter Foremost, thank you for taking an interest in the SL Capital Markets, and specifically for investigating BIG. Investment in SL-based businesses can be a very FUN and EDUCATIONAL endeavor. The SL Economic Model has proven itself to be a realistic and resilient engine for many of us that spend considerable time here. Some are even able to derive real-world income from entrepreneurial pursuits within this fascinating environment. Please accept the following broad caution as my personal gesture of goodwill to you - a potential friend and perhaps an investment partner; (a) it's not easy - success here requires integrity, hard work, due diligence, and boundless determination. (b) it's not risk-free - just like real-life, there are both winners and losers in this complex simulation. Please, don't put at risk in your Second Life(tm) anything you can't afford to lose in your First Life (real), whether that's money, relationships, quality of life or any other RL metric. AXIOM: (SL < RL) ALWAYS. Regardless, I sincerely wish you good fortune in whatever compels you here. Bogart Beck BIG Founder Business Overview Beck Investment Group (BIG) is a publicly-traded Diversfied Investment Portfolio Company formed as part of an announced and formally approved Reverse-Merger of the Bo Beck Group, a company previously trading as (BBX) on the SL Capital Exchange, a virtual Stock Market simulation operating at http://www.slcapex.com The Reverse-Merger was completed on 12/31/2007. The surviving entities, Beck Investment Group and Beck Technical Research, now trade seperately on the SL Capital Exchange as BIG & BTR respectively. Briefly, for those unfamiliar with the Bo Beck Group (BBX), we were formerly organized as a DIVERSIFIED PORTFOLIO COMPANY with very disparate assets including; an INDEX FUND (SL CapEx Stocks), an ASSET MANAGEMENT SERVICES portfolio, an ESCROW and TRUSTEE SERVICES portfolio, an ART GALLERY (including the Original Artwork) and various INTELLECTUAL PROPERTY RIGHTS including an undeveloped DIGITAL RIGHTS MANAGEMENT concept and several defensible Trademark(tm) Rights. The Reverse-Merger was specifically proposed as an opportunity to better allocate those assets in a manner that would provide potentially greater returns for our existing shareholders and two "easier to understand" companies for potential new investors. At completion of the Reverse-Merger, the (BBX) shareholders recieved one (1) share each of (BIG) and (BTR) for each share of (BBX) held. ALL (BBX) shares were then RETIRED and the Bo Beck Group was subsequently DISSOLVED. The surviving entities are organized as follows; Beck Investment Group (BIG) - a pure-play Financial Services Company with the following assets; ================== the INDEX FUND (SL CapEx Stocks), the ASSET MANAGEMENT SERVICES portfolio, the ESCROW and TRUSTEE SERVICES portfolio. Beck Technical Research (BTR) - a pure-play Intellectual Property Development Company, which includes; =================== the ART GALLERY (including the Original Artwork) the INTELLECTUAL PROPERTY RIGHTS including the DIGITAL RIGHTS MANAGEMENT product and the Trademark(tm) portfolio. The balance of THIS Prospectus will focus on the Business Strategy of Beck Investment Group (BIG). Readers who may be interested in further information regarding Beck Technical Research (BTR) are invited to review its Prospectus at http://www.slcapex.com/symbol/BTR/profile Business Strategy For those unfamiliar with our brief history the Bo Beck Group (BBX) was formed as a Roll-Up consolidation of the failed assets of a former entity (SLMS). The assets were seized as part of a forced liquidation on behalf of the creditors and shareholders of SLMS. NEW Assets were folded into the vacant shell via a merger in Mid-October with the surviving entity emerging as Bo Beck Group. Subsequently on 12/31/2007 Bo Beck Group completed a Reverse-Merger wherein two NEW entities were created (BIG & BTR) replacing (BBX). The Beck Investment Group is organized as a diversified holding company consisting of four primary subsidiaries whose financial results are reported on a consolidated Income Statement and Balance Sheet. The individual Business Units have been segmented as follows; (1)- Bo Beck Index - (A Portfolio of SL Capex Stocks). Going forward this Investment Portfolio will look and perform more like a traditional Income Fund than and Index. Our brief trading experience in the SL Capital Markets leads us to believe trading large volumes of a select few securities is generally much more profitable than holding a broad-based portfolio, albeit with marginally greater risk. We believe that risk can be substantially mitigated by engaging in more thorough Due Diligence of prospect stocks. (2) - Beck Asset Management (BAM) - provides Fee-for-Service investment portfolio management services. At present, we're successfully managing the SL CapEx Fraud Fund, the SL CapEx Investment Fund and the JT Financial Investment Fund. BAM revenues currently represent about 7% of the Beck Investment Group monthly revenues. (3) - Beck Escrow Services & Trustee (BEST) - provides fee-based commercial Escrow, Trustee & Dispute Resolution Services. The two primary BEST contracts represent about 33% of the Beck Investment Group monthly revenues. (4) - Beck Commercial Properties - was recently dormanted due to SL Real Estate market conditions. Should conditions significantly improve BCP may consider re-entering the market with a primary focus on Private Estate Development. Business Strengths Thus far I suspect our success in the SL Capital Markets has primarily been the result of dogged determination. As an aggressive "trader" I've learned to differentiate between momentum plays and strategic investment and have tried to conservatively allocate assets based on those two fundamentally DIFFERENT strategies. Momentum plays are primarily a short-term trade paradigm relying on market timing, a reliable network of information hounds, and, frankly, taking advantage of the fickle sentiment of "retail investors". While this strategy may sound predatory or manipulative, honestly it is the ROLE of a TRADER to generate volume in the capital markets. About 35% of the Bo Beck Index revenue stream has been derived by trading short-term positions in securities with momentum. Strategic Investment is fundamentally a BUY and HOLD for long-term gain proposition requiring significant discipline in completing Due Diligence investigations, monitoring the performance of the securities Leadership Team, and analyzing the Financial Reports and forward Guidance provided by such leadership. The Index has derived almost 60% of its Investment revenue by leveraging these proven research methodologies and various other market analysis strategies. Use of Capital On an operating basis, BIG will typically re-invest the majority of its retained earnings (post Dividend). We do maintain a comparatively large CASH position (held in interest bearing accounts) to allow for the liquidity required to rapidly and effectively take advantage of market opportunities. A very small percentage of our free cash flow is utilized for general operating expenses such as tier-payments, commissions, nominal advertising etc. Risk Factors Capital Investment both in real-life and Second Life(tm) is fundamentally all about MANAGING RISK and is primarily about balancing the risk versus reward scenario. In any Investment opportunity there may be SUBSTANTIAL RISKS which must be thoroughly and diligently considered. Specific to SL CapEx-based Investment REGARDLESS of whether you consider this activity to be simply STOCK MARKET GAME PLAY, an ECONOMIC SIMULATION, a TOY ECONOMY or a bona fide investment opportunity I implore you to familiarize yourself with both the Linden Lab Terms of Service (TOS) and the SL Capital Exchange Terms of Service (TOS) contained at the following links; (these be the basic rules) Linden Lab TOS: http://secondlife.com/corporate/tos.php SL CapEx TOS: http://www.slcapex.com/content/info TO BE CRYSTAL CLEAR: YOU COULD LOSE SOME OR ALL OF YOUR SL CAPITAL INVESTMENT! ($L's) Prior to considering any investment one must identify, analyze and mitigate risk at both a macro-level (example; governmental, regulatory, operating environment, et al) and at an enterprise or micro-level (ie; company, competition, etc.). Additionally, the potential risks must be considered from both an internal (controllable) and external (no control) standpoint. We have diligently considered the following potential risks; MACRO-LEVEL: There has been community discussion within the last year as to whether (or when) governmental agencies might intervene within the SL Financial community from a regulatory or legislative standpoint. This is an external risk over which we have no control. There has also been debate and dialogue regarding Linden Lab's support and ongoing administrative control over the unit of measure commonly called $Lindens on several fronts, including; (a) CONVERSION of $Lindens to a LEGAL TENDER CURRENCY and the potential tax consequences thereof. Here, too, we have no control or authority. Players ar encouraged to seek their own counsel regarding any potential tax consequences in their local jurisdiction. (b) Linden Lab's ability to MAINTAIN a STABLE ECONOMY as measured by the EXCHANGE RATE of $Lindens to US Dollars, the availability and pricing of virtual Real Estate within the SL environment, and various other user experience metrics as are published from time-to-time by LL and others. Regardless of LL's apparent unwillingness to acknowledge its role as the CENTRAL BANKING AUTHORITY and MONETARY POLICY ADMINISTRATOR within SL, they DO CONTROL the $L:$US conversion rate and thus have totalitarian authority and sphere of influence over the $Linden Unit of Measure and its trade value within the overall SL Economy. We additionally have little direct control over the SL technical environment or the innovations and feature sets it supports. Our OPPORTUNITY is in finding unique ways to thrive and survive within and adjacent to the boundaries of the SL Metaverse. MICRO/ENTERPRISE-LEVEL: The majority of our internal risks are directly related to our ability to articulate and execute viable business strategies, and our ability to successfully trade SL Capital Market securities at a profit. Management The success or failure of any venture can generally be laid at the feet of its leadership. In considering the appropriate experience level and business accumen required of this venture it was very clear early-on in the formation process that the dynamics and chemistry between myself and the incumbent Board of Directors of the former Bo Beck Group (BBX) were ideal for THIS entity as one of its two successor companies. Travis Ristow is a known quantity with PROVEN Corporate Governance experience within the SL Financial Community, having sucessfully founded both BCX Bank (ISE:BCX) and SL RISK (ACE:RIS). He has also cultivated subject matter expertise in SL Acquisitions via the Innovative Index Fund (SL CapEx: NDX) and the art of corporate TURN-AROUND's and recovery plans via his acquisition and subsequent sale of what is now trading as the Sky Power Fund (SL CapEx: POW). Kubi Beam is arguably one of the most successful independent investors within the SL Capital Markets, holding either substantial or controlling interests in MOST of the securities that trade on the SL Capital Exchange. Kubi currently shepherds the Tropical Temptations SIM (SL CapEx: XXX) and serves as a Board member for several companies within the community. Always a voice of reason and thoughtful contribution, Mr. beam is a quiet giant within the community and I am pleased to have him as an outside Director. My own experiences as the incumbent CEO and interim CFO of the SL Capital Exchange itself (SLCX), as well as my role in the formation and sucessful launch of the Bo Beck Group I believe positions this entity for success in whatever forward strategies we undertake. I wish you THE BEST in your Investment endeavors! God Bless, Bogart Beck BIG Founder Bogart Beck Bo Beck Group (BBX) Halted Pending Reverse-Merger 12/31/2007 Bo Beck Group (BBX) Halted Pending Reverse-Merger 12/31/2007 The FINAL Closing price for Bo Beck Group was L$5.00 /share (11:59PM SLT) 12/31/2008... BBX was halted at 11:59PM SLT... Company Bid Ask High Low Open Last Day Week BBX Bo Beck Group 3.83 5.00 5.00 3.81 4.46 5.00 16,539 46,335 Beck Investment Group (BIG) will OPEN on 01/01/2008 at L$3.00 /share Beck Technical Research (BTR) will OPEN on 01/01/2008 at L#2.00 /share Thank you THANK YOU... Happy New Year and a PROSPEROUS 2008 to all. Respectfully, Bogart Beck |
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