All posts by Bogart Beck
| Nov 1st 2008, 08:42 Bogart Beck |
SL Capital Exchange Archive » What happened? Re: What happened? |
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Oct 19th, 16:57 Cash Yiyuan Royal Chartered Properties (RCP) HALTED for Financial Reporting Non- Today, 16:50 system announcement by Cash Yiyuan Royal Chartered Properties (RCP) HALTED for Financial Reporting Non-Compliance Royal Chartered Properties (RCP) HALTED for Financial Reporting Non-Compliance - 010/19/2008/2008 Due to non-compliance with Capex's financial reporting policies, RCP trading has been halted for not posting financials and the Company has been fined pursuant to our posted continued listing requirements. Trading in RCP will not resume until fully conforming Financials have been posted and the Fine Paid-In-Full. Cash Yiyuan SL CapEx Compliance Officer =========================== Oct 27th, 22:27 Bogart Beck Re: Why NOBODY cares here ? Edited by author Oct 27th, 22:34 Sports, Unfortunately on some level you are correct. Should RCP not post Financials by EOM they will be delisted and barred from re-instatement on SL CapEx. At that point RCP Shareholders would need to seek their own redress with RCP's principles. To be very frank, since its re-listing here from WSE (which Arbitrage did as a FAVOR) this entity has done almost nothing to communicate with or entice its shareholders or potential investors. It re-listed here 03/01/2008, paid a solitary $0.05 dividend in June and has been essentially MUTE since. I can certainly empathize if Kavai is ill but one would think that if that's the case another Officer could step in to assume the RESPONSIBILITIES RCP has to its Shareholders. Seeing as that has not occurred SL CapEx has little choice but to delist RCP for cause. Unfortunate words, but true IMO. Bo =========================== |
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| Nov 1st 2008, 09:05 Bogart Beck |
SL Capital Exchange Archive » Royal Chartered Properties (RCP) DELISTED Effective 11/01/2008 - 12: Royal Chartered Properties (RCP) DELISTED Effective 11/01/2008 - 12: |
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Royal Chartered Properties (RCP) DELISTED Effective 11/01/2008 - 12:01AM SLT Royal Chartered Properties (RCP) has been DELISTED from the SL Capital Exchange effective 12:01AM 11/01/2008 for material Non-Compliance to SL Capital Exchange Policies. To be very frank, the principles and Officers of RCP have elected to completely abdicate their responsibilities to RCP shareholders in spite of many diligent attempts to compel compliance. RCP Shareholders are encouraged to seek redress directly via RCP's CEO - Kavai Onizuka via contact in-world or via GMail to kavaionizuka@gmail.com The RCP Forums will remain active through end-of-month November to allow interested parties to communicate and/or archive information relative to RCP's history. Bogart Beck SL CapEx CEO ============= Oct 19th, 16:57 Cash Yiyuan Royal Chartered Properties (RCP) HALTED for Financial Reporting Non- Today, 16:50 system announcement by Cash Yiyuan Royal Chartered Properties (RCP) HALTED for Financial Reporting Non-Compliance Royal Chartered Properties (RCP) HALTED for Financial Reporting Non-Compliance - 010/19/2008/2008 Due to non-compliance with Capex's financial reporting policies, RCP trading has been halted for not posting financials and the Company has been fined pursuant to our posted continued listing requirements. Trading in RCP will not resume until fully conforming Financials have been posted and the Fine Paid-In-Full. Cash Yiyuan SL CapEx Compliance Officer =========================== Oct 27th, 22:27 Bogart Beck Re: Why NOBODY cares here ? Edited by author Oct 27th, 22:34 Sports, Unfortunately on some level you are correct. Should RCP not post Financials by EOM they will be delisted and barred from re-instatement on SL CapEx. At that point RCP Shareholders would need to seek their own redress with RCP's principles. To be very frank, since its re-listing here from WSE (which Arbitrage did as a FAVOR) this entity has done almost nothing to communicate with or entice its shareholders or potential investors. It re-listed here 03/01/2008, paid a solitary $0.05 dividend in June and has been essentially MUTE since. I can certainly empathize if Kavai is ill but one would think that if that's the case another Officer could step in to assume the RESPONSIBILITIES RCP has to its Shareholders. Seeing as that has not occurred SL CapEx has little choice but to delist RCP for cause. Unfortunate words, but true IMO. Bo =========================== |
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| Nov 1st 2008, 09:12 Bogart Beck |
SL Capital Exchange Archive » MetaNetworkMedia (MNM) DELISTED Effective 11/01/2008 - 12:01AM SLT MetaNetworkMedia (MNM) DELISTED Effective 11/01/2008 - 12:01AM SLT |
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MetaNetworkMedia (MNM) DELISTED Effective 11/01/2008 - 12:01AM SLT MetaNetworkMedia (MNM) has been DELISTED from the SL Capital Exchange effective 12:01AM 11/01/2008 for material Non-Compliance to SL Capital Exchange Policies. The MNM Forums will remain active through end-of-month November to allow interested parties to communicate and/or archive information relative to MNM's history. Bogart Beck SL CapEx CEO ============= Aug 21st, 18:05 Bogart Beck NOTICE OF DEFAULT ISSUED - Metanetwork Media (MNM) - 08/21/2008 Edited by author Aug 21st, 21:09 NOTICE OF DEFAULT ISSUED - Metanetwork Media (MNM) - 08/21/2008 - 05:06PM SLT To Whom it May Concern; This message constitutes a FORMAL NOTICE of DEFAULT issued to Metanetwork Media(MNM) pursuant to the continued Listing Requirements as published at SL Capital http://www.slcapex.com/content/listing Should appropriate remedies NOT be made on of before 11:59pm (SLT)08/31/2008 MNM will be DELISTED for CAUSE. Notwithstanding the extraordinary effort put forward by both myself and Scott Nestler to assist MNM Shareholders in compelling the pricipal(s?) of MNM to resolve its differences with its former employees and Investors it would appear that the principal(s) of MNM remain largely uncooperative and combative. We've made NO measurable progress to resolve or refute the claims that have been made. We did receive an email late Wednesday afternoon from Jamar Freeze claiming that both he and MNM, Inc. were being represented by counsel, specifically Havona Madama of Madama Griffitts O'Hara LLP. As of 5:00 PM this evening calls to the published number for the firm have not been returned. Persons seeking to pursue remedies directly might wish to also try contacting them; Madama Griffitts O'Hara LLP 450 Park Avenue South, Sixth Floor New York, NY 10016 T (212) 209-5450 F (212) 209-5460 Havona Madama hm@madama-law.com Robert C. Griffitts rg@madama-law.com Mary Payton O'Hara mo@madana-law.com http://www.madamagriffitts.com We have also this evening taken the extraordinary measure of locking all MNM Forum threads to help preserve the integrity of the historical record relating to MNM should we be called upon as a Custodian of Records. Persons wishing to continue posting NEWS and INFORMATION relating to MNM are requested to confine their comments to the following thread. http://www.slcapex.com/forums/topic/MNM/2203 Respectfully, Bogart Beck SL CapEx CEO ============ |
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| Nov 2nd 2008, 12:23 Bogart Beck |
SL Capital Exchange Archive » What happened? FINAL RCP Shareholder List - 10/31/2008 11:59PM SLT |
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FINAL RCP Shareholder List - 10/31/2008 11:59PM SLT ===================================================== Name RCP Shares ======================== Kavai Onizuka 6,840,675 unbonbom Aabye 1,400,000 Manuela DeVinna 520,327 HansJuergen Rau 118,000 Laurent Tolsen 100,000 Dezmond Martinek 81,830 Aleixandre Biedermann 51,781 Analog Planer 44,099 robwag Soothsayer 39,475 Werther Beaumont 39,082 Revolvo Rotaru 36,000 Spm Aviatik 26,739 Lovinson Clip 24,993 Sportsbets Writer 24,748 Tommie Frangible 23,078 Ashleigh Wade 20,000 WieBenIk Beaumont 19,605 Stroh Bing 12,180 Morphine Whiteberry 12,000 Dillian Novi 11,263 Alain Delpiaz 9,921 Ezria Zhong 9,178 Thoms Vansant 3,500 Tony Upshaw 3,500 martin1972 Beresford 3,380 DFH Westland 3,073 Aurelia Melnik 2,961 DrolKrad McKinney 2,448 Dweezle Zeami 2,406 Marcellino Maddaloni 1,825 Tom Prospero 1,744 lobisones Congrejo 1,176 Faulkner Kumaki 1,109 Krazy Priestman 1,000 Mateo Infinity 1,000 Ragged Delec 1,000 Io Habilis 951 Kev Nitely 612 DIMM Flow 500 Maxmillian Auer 500 Benoit Horsforth 387 Coleta Carter 344 Moyo Manamiko 285 FalconZip Zerbino 196 Cyondrim Lupindo 188 Grant Ferraris 180 Horatio Revnik 166 Haki Tuqiri 164 Maelstrom Baphomet 100 Monty Klossovsky 100 Pandora Philipp 100 Baz Magic 97 Cornelious Beck 10 Wessen Nemeth 10 Horacio Foden 5 Cheez Rau 3 DanielSaraiva Parkin 2 Jadge Jacobus 1 Lumpy Aeon 1 Orage Lubitsch 1 Positron Sands 1 ================== TOTALS 9,500,000 |
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| Nov 2nd 2008, 23:48 Bogart Beck |
SL Capital Exchange Archive » Payouts Re: Payouts |
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| Mr. Tempel, Your comment belongs in the SL Wallet Forum. Please confine your posts regarding SLW to that Forum. Thank you. Bo Beck |
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| Nov 5th 2008, 00:38 Bogart Beck |
SL Capital Exchange Archive » BAY : MONTHLY FINANCIAL REPORTS - CEO ONLY! BAY - Brittany Bay Resort - October 2008 Financials - Posted 11/05/2 |
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BAY - Brittany Bay Resort - October 2008 Financials - Posted 11/05/2008 CEO's Report and Forward Guidance ================================= BAY Shareholders, A decent month all things considered... During November, we'll be working to put together a 24/7 Video Entertainment stream to provide a relaxing multimedia experience for the SIM. Look for Music Video's, Cartoons, Machinima and other fun streams within the next few weeks. We're also working to put together a Programming Guide and Event Calendar for the Amphitheater. It is also available for Resident Events - give me a shout if you're looking to host something there. Also, Bo Beck Gallery should be back on-line displaying Original SL Artwork and RL photography before Thanksgiving. I'm pleased to report that my former Gallery Manager, Cyndi Honey, is back! Look for an announcement regarding a Grand Re-Opening Celebration Soooon... I'm still recruiting for an Avi to manage our full-line clothing retail shop and hope to be back online just in time for the holiday shopping season. Until next month, Blessings! On to the Financials... Bogart Beck BAY Chair & CEO ================================================================================ (SL CapEx: BAY) Brittany Bay Resort PERIOD ENDING 31-Oct-08 Revenue Consolidated Revenue - Products and Services - (Estate Mgmt, etc) $101,125.00 TOTAL SALES REVENUE $101,125.00 Cost of Sales (or Cost of Goods Sold) GOGS Sales Commissions Paid on Products and Services $- Sales Commissions Paid on Sale of Stock $743.47 Real Estate Tier Paid & Commissions Paid on Sale of RE $81,125.00 (ALL) - Marketing & Advertising Expense (BIG Group) $21.00 TOTAL COST OF SALES $81,889.47 Gross Profit (Loss) $19,235.53 Gross Margin (%) 19.02% Operating Expenses Research & Development (NONE) General and Administrative (Mgmt & Admin Salaries) (NONE) $- Non Recurring (ONE-TIME) (NONE) $- Others / Miscellaneous (OFC Furniture, etc.) (NONE) $- TOTAL OPERATING EXPENSES $- Operating Income or Loss $19,235.53 Operating Margin (%) 19.02% Other Income from Continuing Operations Other Income - (LAND SALES) $- Other Income - Dividends Earned $10,766.04 Interest Earned on DEPOSITS or CD's (Short Term Invest.) $- Misc. Income - CEO Market Maker Commission Earned (N/A) $- TOTAL OTHER INCOME $10,766.04 Less Other Expenses (NET) $- Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $30,001.57 Less Interest Expense $- Less Income Tax Expense $- Less Asset Depreciation $- Less Other Adjustments $- NET INCOME FROM CONTINUING OPERATIONS $30,001.57 Other Non-recurring Events Less Costs for Discontinued Operations $- Less Asset Impairment (Goodwill write-down-- None) $- Less Effect Of Accounting Changes $- Less Other Items $- NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $30,001.57 % of Revenue 29.67% Less DISBURSEMENT to Preferred Stock Shareholders $- % of NIAS 0.00% Less DIVIDEND to Common Shareholders (L$0.01 /sh pd 10/11/08) $20,000.00 % of NIAS 66.66% RETAINED EARNINGS $10,001.57 ============================ (SL CapEx: BAY) Brittany Bay Resort PERIOD ENDING 31-Oct-08 Assets Current Assets Cash And Cash Equivalents (CapEx BTX Balance) $4,999.88 Short Term Invest. (None - Converted 10/10 for Tier Pmt 10/14) $- Net Receivables (None) $- Inventory (None) $- Other Current Assets (None) $- Total Current Assets $4,999.88 PLUS Long Term Invest.I (SLCX Invest. 1,000,000 shares) (NPV L$0.35 /sh)$350,000.35 Long Term Invest.II (BTX Invest. 40,000 shares) (NPV L$5.54 /sh) $221,605.54 Property Plant and Equipment (Hard Assets) - NONE $- Intangible Assets - NONE $- Goodwill - NONE $- Accumulated Amortization - NONE $- Total Assets $576,605.77 Liabilities Current Liabilities Accounts Payable - Sept Tier - BIG Estates - Due 11/14/2008 to LL $81,125.00 Current Portion Due of Long Term Debt - NONE $- Other Curr Liab - ($20,000 due BTX for Divi Distrib. Adv. 10/11) $20,000.00 Total Current Liabilities $101,125.00 PLUS Long Term Debt - NONE $- Other Liabilities - NONE $- Deferred Long Term Liability Charges - NONE $- Minority Interest - NONE $- Negative Goodwill - NONE $- Total Liabilities $81,125.00 Stockholders' Equity Preferred Stock $- Common Stock - (BAY - 1.5M Shares @ L$0.01 /share PAR Value) $15,000.00 Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $10,001.57 Additional PAID-IN Capital $- Treasury Stock - (BAY - 500,001 Shares @ L$0.01 /share PAR Value)$5,000.00 Other Stockholder Equity $- Accumulated Surplus or (Deficit) $465,479.20 Total Stockholder Equity $495,480.77 TOTAL LIABILITIES & SHAREHOLDERS EQUITY $576,605.77 =================================================== CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00 |
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| Nov 5th 2008, 01:20 Bogart Beck |
SL Capital Exchange Archive » BIG : Monthly Financial Reports BIG - Beck Investment Group - October 2008 Financials - Posted 11/06 |
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BIG - Beck Investment Group - October 2008 Financials - Posted 11/06/2008 CEO's Report and Forward Guidance ================================= Please find the October 2008 Income Statement and Balance Sheet for BIG appended below. I will also repost them in the BIG Forum for archival purposes. BIG Shareholders should be VERY pleased with the recent BIG Asset Realignment. It has immediately improved the BIG Asset base with a pool of assets that have much better performance prospects than our prior weighting. The new portfolio strategy is primarily targeted toward PRIM PRODUCT and SERVICE companies and seeks to minimize exposure to SL Real Estate-based businesses. There are still a couple of under-performing R.E. Co's in the portfolio - will look to rotate out of those where possible. I am extremely optimistic about SL CapEx's future prospects and the BIG portfolio weighting clearly demonstrates that belief. Going forward, I'll continue to look to monetize our profits regularly and will always distribute dividends when those opportunities avail themselves. Blessings! Bogart Beck BIG Chair & CEO ================================================================================ (SL CapEx: BIG) Beck Investment Group PERIOD ENDING 31-Oct-08 Revenue Consolidated Revenue - Products and Services $29,888.41 TOTAL SALES REVENUE $29,888.41 Cost of Sales (or Cost of Goods Sold) GOGS Sales Commissions Paid on Products and Services $- Sales Commissions Paid on BIG Investment Fund Sale of Stock $3,358.30 Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $- (ALL) - Marketing & Advertising Expense (NONE this Period) $- TOTAL COST OF SALES $3,358.30 Gross Profit (Loss) $26,530.11 Gross Margin (%) 88.76% Operating Expenses Research & Development (NONE This Period) $- General and Administrative (Mgmt & Admin Salaries) (NONE) $- Non Recurring (ONE-TIME) (NONE This Period) $- Others / Miscellaneous (BIG HQ OFC Furniture, etc.) $- TOTAL OPERATING EXPENSES $- Operating Income or Loss $26,530.11 Operating Margin (%) 88.76% Other Income from Continuing Operations Other Income - (LAND SALES) (NONE This Period) $- Other Income - Dividends Earned $11,550.11 Interest Earned on DEPOSITS or CD's (Short Term Invest.) $- Misc. Income - CEO Market Maker Commission Earned on BIG $1,238.54 TOTAL OTHER INCOME $12,788.65 Less Other Expenses (NET) (add Footnote) (4) $- Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $39,318.76 Less Interest Expense $- Less Income Tax Expense (None) $- Less Asset Depreciation (NET From Balance Sheet) $- Less Other Adjustments (None) $- NET INCOME FROM CONTINUING OPERATIONS $39,318.76 Other Non-recurring Events Less Costs for Discontinued Operations (None) $- Less Asset Impairment (GoodWill write-down) (None) $- Less Effect Of Accounting Changes (None) $- Less Other Items (None) $- NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $39,318.76 % of Revenue 131.55% Less DISBURSEMENT to Preferred Stock Shareholders $- % of NIAS 0.00% Less DIVIDEND to Common Shareholders (L$0.01 /sh paid 10/11/08) $20,000.00 % of NIAS 50.87% RETAINED EARNINGS $19,318.76 ============================ (SL CapEx: BIG) Beck Investment Group PERIOD ENDING 31-Oct-08 Assets Current Assets Cash And Cash Equivalents $5,370.61 Short Term Invest.(None - converted to Long-Term Holdings 10/01/2008) $- Net Receivables $- Other Current Assets $- Total Current Assets $5,370.61 PLUS Long Term Investments (BIG Portfolio) (NPV) (Excludes BIG Shares) $2,672,015.45 Property Plant and Equipment (Hard Assets)$- Goodwill - NONE $- Accumulated Amortization - NONE $- Total Assets $2,677,386.06 Liabilities Current Liabilities Accounts Payable - ($20,000 due BTX for Divi Distrib. Advance 10/11) $20,000.00 Current Portion Due of Long Term Debt $- Other Current Liabilities $- Total Current Liabilities $20,000.00 PLUS Long Term Debt $- Other Liabilities $- Deferred Long Term Liability Charges $- Minority Interest $- Negative Goodwill $- Total Liabilities $20,000.00 Stockholders' Equity Preferred Stock $- Common Stock - (BIG - 1.7M Shares @ L$0.01 /share PAR Value) $17,000.00 Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $19,318.76 Additional PAID-IN Capital $- Treasury Stock - (BIG - 300,000 Shares @ L$0.01 /share PAR Value) $3,000.00 Other Stockholder Equity $- Accumulated Surplus or (Deficit) $2,618,067.30 Total Stockholder Equity $2,657,386.06 TOTAL LIABILITIES & SHAREHOLDERS EQUITY $2,677,386.06 ======================================================= CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00 |
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| Nov 5th 2008, 01:43 Bogart Beck |
SL Capital Exchange Archive » BTX : MONTHLY FINANCIAL REPORTS - CEO ONLY! BTX - Beck Technical Research II - October 2008 Financials - Posted |
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BTX - Beck Technical Research II - October 2008 Financials - Posted 11/06/2008 CEO's Report and Forward Guidance ================================= BTX Shareholders, I'm somewhat sanguin about BTX's performance since its recent reorganization. Share Price and Volume seems to be on PARK and I've been unable to generate any BTX mojo in either direction. At some level I'm pleased that longterm shareholders have been unwilling to part with their shares but it's sure making it difficult for me to make a market in BTX (as I'm not all that interested in parting with any of mine either! I've been diligently guarding the Treasury Reserve in anticipation of Capital needs to launch the FutSL Campaign and have PRICED the Treasury Shares at what I believe is fair market... tell me, what's wrong with my math? Please! I'm still working on the FutSL League Website and League Charter as time permits and am still guardedly opptimistic that we're on track to launch its inaugural season in January of 2009. The Stadium is ready and just waiting for Bo and the BTX shareholders to get a move on - we'll need the Capital by End of Month if we're to stay on track. BTX has taken a considerable position in the SL Capital Exchange as part of Scott Nestler and I acquiring the Exchange. In addition to the 100+K shares of BAY in its portfolio, BTX now directly controls 2M shares of SLCX. I am confident that this investment will provide a handsome return on investment for BTX shareholders. We've also lent L$40K to BTX's sister Co's BAY and BIG to allow them each to distribute a dividend without reducing their Investment Positions. I expect to recoup those funds during the next month from their Operating Profits. Please find the October Income Statement and Balance Sheet below for your review. Until next month... Blessings! Bogart Beck BTX Chair & CEO -------------------------------------------------------------------------------- (SL CapEx: BTX) Beck Technical Research II PERIOD ENDING 31-Oct-08 Revenue Consolidated Revenue - Products and Services - (Estate Mgmt, etc) $84,005.75 TOTAL SALES REVENUE $84,005.75 Cost of Sales (or Cost of Goods Sold) GOGS Sales Commissions Paid on Products and Services $- Sales Commissions Paid on Sale of Stock $421.88 Real Estate Tier Paid & Commissions Paid on Sale of Real Estate $- (ALL) - Marketing & Advertising Expense (NONE) $- TOTAL COST OF SALES $421.88 Gross Profit (Loss) $83,583.87 Gross Margin (%) 99.50% Operating Expenses Research & Development (NONE) $ General and Administrative (Mgmt & Admin Salaries) (NONE) $- Non Recurring (ONE-TIME) (NONE) $- Others / Miscellaneous (OFC Furniture, etc.) (NONE) $- TOTAL OPERATING EXPENSES $- Operating Income or Loss $83,583.87 Operating Margin (%) 99.50% Other Income from Continuing Operations Other Income - (LAND SALES) $- Other Income - Dividends Earned $12,050.04 Interest Earned on DEPOSITS or CD's (Short Term Invest.) $- Misc. Income - CEO Market Maker Commission Earned (N/A) $- TOTAL OTHER INCOME $12,050.04 Less Other Expenses (NET) $- Earnings Before Interest, Taxes, Depreciation, Adjust. (EBITDA) $95,633.91 Less Interest Expense $- Less Income Tax Expense $- Less Asset Depreciation $- Less Other Adjustments $- NET INCOME FROM CONTINUING OPERATIONS $95,633.91 Other Non-recurring Events Less Costs for Discontinued Operations $- Less Asset Impairment (NONE) $- Less Effect Of Accounting Changes $- Less Other Items $- NET INCOME APPLICABLE TO SHAREHOLDERS (NIAS) $95,633.91 % of Revenue 113.84% Less DISBURSEMENT to Preferred Stock Shareholders $- % of NIAS 0.00% Less DIVIDEND to Common Shareholders (L$0.01 /sh paid 10/11/08) $20,000.00 % of NIAS 20.91% RETAINED EARNINGS $75,633.91 ================================ (SL CapEx: BTX) Beck Technical Research II PERIOD ENDING 31-Oct-08 Assets Current Assets Cash And Cash Equivalents (CapEx BTR Balance) $4,999.47 Short Term Invest. (None - SLCX Converted 10/10/08 for Divi Distrib) Net Receivables (L$40,000 Adv. to BAY & BIG for Divi Distrib 10/11) $40,000.00 Inventory (BBG Prints) (L$) 0.00 - 100% Write-down 08/31/08) $- Other Current Assets-The Suit Factory (L$) 0.00-100% Write-down 05/08) $- Total Current Assets $44,999.47 PLUS Long Term Invest I (SLCX - 2M shares @ NPV L$0.35 /share ) $700,000.35 Long Term Invest II (BAY - 100,001 shares @ NPV L$2.74 /share) $274,002.74 Property Plant and Equipment (Hard Assets) Intangible Assets (Chromatique(tm) ) (Carry @ L$1.00) $1.00 Goodwill - NONE Accumulated Amortization - NONE $- Total Assets $1,019,003.56 Liabilities Current Liabilities Accounts Payable -NONE - BIG SIM transferred to BAY 08/31/2008) $- Current Portion Due of Long Term Debt - NONE $- Other Current Liabilities - NONE $- Total Current Liabilities $- PLUS Long Term Debt - NONE $- Other Liabilities - NONE Deferred Long Term Liability Charges - NONE $- Minority Interest - NONE $- Negative Goodwill - NONE $- Total Liabilities $- Stockholders' Equity Preferred Stock $- Common Stock - (BTX - 1.5 M Shares @ L$0.01 /share PAR Value) $15,000.00 Retained Earnings * (TAKEN DIRECTLY FROM INCOME STATEMENT) $75,633.91 Additional PAID-IN Capital $- Treasury Stock - (BTX - 500,000 Shares @ L$0.01 /share PAR Value) $5,000.00 Other Stockholder Equity $- Accumulated Surplus or (Deficit) $923,369.65 Total Stockholder Equity $1,019,003.56 TOTAL LIABILITIES & SHAREHOLDERS EQUITY $1,019,003.56 ===================================================== CheckSum (Must equal ZERO) (IF not, your Balance Sheet has ERRORS) $0.00 |
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| Nov 5th 2008, 13:07 Bogart Beck |
General Investment Discussion » When is a Game Only a Game?: The Taxation of Virtual Worlds Re: When is a Game Only a Game?: The Taxation of Virtual Worlds Edited by moderator Nov 5th 2008, 13:11 |
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Reprint from the Wall Street Journal - ChinaJournal Addition http://blogs.wsj.com/chinajournal/category/law/ October 31, 2008, 6:17 am Real Taxes for Real Money Made by Online Game Players Successful online video game players and Internet surfers in China have found ways to make real money from virtual assets. Now China’s taxman wants a piece of the action. The State Administration of Taxation said on its Web site Wednesday (in Chinese) that China will impose a personal income tax of 20% on profit from virtual money. The announcement, which was distributed to local tax bureaus, specifically takes aim at those who buy virtual currency from gamers and surfers and sell it to others at a mark-up. Taxation officials are granted the right to determine the original price of online virtual currency if the individual fails to provide proof of an original price, it says. The policy would cover China’s legions of online gamers, who can use online virtual currency to buy better equipment and new powers for their online warriors. But it also affects millions of others who use virtual currencies on instant-messaging services and Web portals. For example, users of Tencent Holdings’ popular QQ chat service can earn Q-coins they can use to purchase online game equipments and buy e-gifts. Statistics from research firm iResearch show that China’s virtual currency market is growing at a yearly rate of 15% to 20%, and several billion yuan worth of virtual money is traded in the market. The fast growth already has raised fears among China’s policymakers, who last year restricted the conversion of virtual currency into yuan. Among other reasons cited in this Chinese language Xinhua report, they feared the practice could lead to inflation as well as money-laundering. This week’s move has become a hot topic among Chinese Web users nationwide. Over 6,000 comments were left by netizens on Netease.com one day after the news appeared on the portal site (in Chinese here). Many said it’s unfair to tax on individuals while internet companies are exempt. “Tax everything and no refund at all. This time, it even charges 20 percent. No wonder the country’s the world’s No. 1 tax bearer,” wrote one netizen on Netease.com. In an online poll by the Sina.com, over 70% out of about 3,000 people who voted were against the new taxation decision. The biggest doubt is how the actual sum of property will be evaluated. Blogger Ruan Zhanjiang wrote that, “many game players are classmates or friends in real life, thus most of them won’t have credentials when trading virtual money. It’s difficult to prove the original value of virtual currency, though.” (Original here in Chinese). Still, some believe the government’s move can help better protect the property right of online gamers. Identity theft has long been a fast-growing problem for online gamers in the high-profit virtual currency trading market. –Juliet Ye |
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| Nov 5th 2008, 16:34 Bogart Beck |
SL Capital Exchange Archive » So it begins.... Re: So it begins.... |
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LOL... hey team, there's one we didn't think of! YECH... kind of catchy... ha! Bo |
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