http://slcapex.com/forums/topic/general/1036 In forum General Investment Discussion en-us Mon, 15 Mar 2010 09:30:09 -0600 Mon, 15 Mar 2010 09:30:09 -0600 http://slcapex.com/forums/ Kudang SQL2RSS admin@slcapex.com webmaster@slcapex.com 60 http://slcapex.com/forums/topic/general/1036

in topic Yet, another CEO bailing on the company they created...... by James619 Bagley ]]> Thu, 22 Nov 2007 18:47:56 -0700 http://slcapex.com/forums/topic/general/1036/5790 http://slcapex.com/forums/topic/general/1036
I think a lot of this comes down to trust. If you were to trust that the actions and plans I set forth in my announcements prior to this resignation would be followed-up on without a problem, I don't think you would be quite as upset. Bottom line is that you don't KNOW that they will. I understand that.

All I can really do is assure you that by sitting here responding to your comments, I am trying to show you that I really care about the future of SLR and its investors. By continuing my writings and providing continuing input, I am trying to instill that I still love the company and care for its success.

I promise that I would never knowingly put anyone in this position that would back down on what I have promised or otherwise back-step the work I have done.

It's just about trust. If you don't have trust here, then frankly I am not sure how I can help you. That being said, and with you knowing that I cannot reverse this decision... what can I do to ensure you that this is going to go well?

Let me know.

Xavier

in topic Yet, another CEO bailing on the company they created...... by Xavier Mohr ]]> Thu, 22 Nov 2007 18:35:34 -0700 http://slcapex.com/forums/topic/general/1036/5789 http://slcapex.com/forums/topic/general/1036
in topic Yet, another CEO bailing on the company they created...... by Xavier Mohr ]]> Thu, 22 Nov 2007 18:27:05 -0700 http://slcapex.com/forums/topic/general/1036/5788 http://slcapex.com/forums/topic/general/1036
Now, just because I believe in the assets of a company doesn't change the fact that more CEO's are leaving the companies they created, which I find to be wrong. You just happen to be the latest, not the first, or any in the middle.

Me understand? Your right, I don't. I can't be the only one, though.

Oh yea......holdings with YOUR COMPANY? hehehe

in topic Yet, another CEO bailing on the company they created...... by James619 Bagley ]]> Thu, 22 Nov 2007 18:25:11 -0700 http://slcapex.com/forums/topic/general/1036/5787 http://slcapex.com/forums/topic/general/1036
I see by comparing a shareholder list from right now to one from a week ago, you have used my announcement to your advantage by increasing your holdings from "166321 shares" to "213486 shares."

Now, as a shareholder I respect your opinion, but I regretfully inform you that this changes nothing. I should point out that you are really the only person that has not "understood" this all that well. Perhaps it is because you did not start SL until 9-20-07, and did not create your account here until 9-24-07, a time at which I had already announced to others (and publicly) several times my intentions.

In any event, I apologize that the news upset you. I stick by ALL of the announcements I have made in the past. This news changes nothing.

We are still pushing forward with the actions outlined in my previous announcements. I'm not really understanding how you would see otherwise. We have two CEO candidates already interested in this position and more expected to apply. Prior to and beyond my departure I will be assisting the selected candidate in continuing everything we have been working on and have planned.

If you persist in your disfavor, though, please let me know and I am sure I can find a buyer in order to assist you in liquidating your holdings with this company. Now as far as advising you to do that, I really can't... because me telling you to do such in my opinion would be bad advice. I will be personally spearheading actions to increase share value before I leave, and foresee a continuation of my actions as increasing share value even further after I leave.

Regards,

Xavier

in topic Yet, another CEO bailing on the company they created...... by Xavier Mohr ]]> Thu, 22 Nov 2007 18:14:30 -0700 http://slcapex.com/forums/topic/general/1036/5786 http://slcapex.com/forums/topic/general/1036
Ok, you all have had 4 months +, who is the next CEO?

in topic Yet, another CEO bailing on the company they created...... by James619 Bagley ]]> Thu, 22 Nov 2007 17:46:31 -0700 http://slcapex.com/forums/topic/general/1036/5784 http://slcapex.com/forums/topic/general/1036
Didn't you state to ALL of us whiney, uneducated investors to "...but for now just hang in there and I will let you know something as soon as I do."?

I guess it a different story for ceo's and management, like Strange Ranger, who also bailed.

So let's see....ceo bails.....general manager bails....and I'm just the whiney, uneducated investor, who should have done "due diligence" after being told just 5 DAYS AGO to just hang in there.....future is bright.....I know.....let's post your comments......



"SLR activities are going well. We have had great upsurge in traffic and a lot greater user participation on the site - a good thing. We have switched to the same AdSense account that CapEx uses, so I am unable to report or assess revenue in that regard at this time. Given the trend I saw in August, September, and October though I have very high hopes.

Last Saturday I promised a dividend and buyback today that I am having to postpone at this time - I have been extremely busy today with SLR work and RL things and had no time to post an announcement before now.

Arb and I discussed last week hiring a contractor to do a web template redesign or seeking a "prefab" upscale web template to purchase, so I would like to see if we really are going to go through with this or hold off... and how much, if anything, said projects will cost us... before issuing further dividends. I am assuming this would be a big expense if contracted out, but nothing is final right now. I am still looking into some existing more economical template options as well.

I promise to pick up the schedule that I had promised for today as soon as I can or as soon as I know something. I will keep you updated.

I apologize for the turnaround but at this time we need to wait and see what - if anything - we are going to do in regard to this. SLR remains backed by good cash reserves and has grown more in the past two weeks than in the month prior to that. I am more excited about SLR progress right now than I have been in quite some time... but for now just hang in there and I will let you know something as soon as I do.

Thanks,

Xavier"


Was all of that complete BS? 5 days ago. And I fail to exercise "due diligence"?



in topic Yet, another CEO bailing on the company they created...... by James619 Bagley ]]> Thu, 22 Nov 2007 17:40:31 -0700 http://slcapex.com/forums/topic/general/1036/5783 http://slcapex.com/forums/topic/general/1036
I understand you weren't around so long ago when I actually sold my business to Arbitrage Wise.

On June 19th I announced here (at what was then called AVIX) that I had sold my business and would be resigning within 60 days (http://slcapex.com/home/story/SLR/166). For varied reasons, I ended up pushing that back and staying here. I don't care to really get into that. That's the past.

But I guess the bottom line really is that nothing has changed only except to support and solidify my original decision. What I am saying is that I didn't really do this out of the blue. I think most of MY personal long-time shareholders knew it was coming.

As an aside to this, as shareholders you can't realistically expect CEOs to stay in their positions forever. Staffing changes happen. I have to point out in this case I am not owner of the company, just the technical CEO.

I realize a lot of IPO buys are made based on the CEO's personality... and I am really not sure what to say to that. I'm not really sure if I agree/disagree with that.

As to your harsh comments, I have to tell you: You could have done your research. Where is due diligence? I have to say, the whiney uneducated investor syndrome gets a little old.

I announced months before you even participated here that I needed to leave SLR. However, less than 2 minutes research could have shown you that.

In any event, as I stated I am not going to totally disappear. I hope I can be even MORE involved with the financial community here in and around Second Life after 1/1/08. I'm going to continue writing and working for SLR as time permits, and am not canceling my SL account in the forseeable future. I've just needed follow through with my original plan to leave the exchange side of this for a long while... I take full responsibility for not doing this sooner so that this issue could be resolved by now.

Xavier

in topic Yet, another CEO bailing on the company they created...... by Xavier Mohr ]]> Thu, 22 Nov 2007 10:56:45 -0700 http://slcapex.com/forums/topic/general/1036/5772 http://slcapex.com/forums/topic/general/1036
iVentures Group
www.sliventures.com

in topic Yet, another CEO bailing on the company they created...... by iVentures Volitant ]]> Thu, 22 Nov 2007 09:24:52 -0700 http://slcapex.com/forums/topic/general/1036/5768 http://slcapex.com/forums/topic/general/1036
in topic Yet, another CEO bailing on the company they created...... by Cash Yiyuan ]]> Thu, 22 Nov 2007 08:14:41 -0700 http://slcapex.com/forums/topic/general/1036/5764 http://slcapex.com/forums/topic/general/1036
in topic Yet, another CEO bailing on the company they created...... by James619 Bagley ]]> Thu, 22 Nov 2007 07:39:33 -0700 http://slcapex.com/forums/topic/general/1036/5763 http://slcapex.com/forums/topic/general/1036
http://www.slcapex.com/forums/topic/SLR/997

in topic Yet, another CEO bailing on the company they created...... by James619 Bagley ]]> Thu, 22 Nov 2007 07:31:45 -0700 http://slcapex.com/forums/topic/general/1036/5762 http://slcapex.com/forums/topic/general/1036
When you start your IPO's, everybody states "they're in it for the long haul"....but then they find out SL takes a lot of time.....

Then, OMG, why are people wondering why i don't have the time to spend here in SL, I do have a real life........ meanwhile, their company now has to wonder what is happening next.

I know things come up. Things happen. All of a sudden, you just don't have the time.

A plan of action should have been in place before it does. The biggest question should always be "If something happens to me in my world, what will happen to this corp.?" before the IPO is started.

Now with Xavier Mohr, this was coming. I saw it when he sold his shares to Arb. It was to be expected. I'm trying not to pick on him.....but I feel that SLR is Xavier Mohr, so the company will not be the same without him.

Am I wrong?

in topic Yet, another CEO bailing on the company they created...... by James619 Bagley ]]> Thu, 22 Nov 2007 06:26:35 -0700 http://slcapex.com/forums/topic/general/1036/5760 http://slcapex.com/forums/topic/general/1036
in topic Yet, another CEO bailing on the company they created...... by Maelstrom Baphomet ]]> Thu, 22 Nov 2007 06:00:54 -0700 http://slcapex.com/forums/topic/general/1036/5759 http://slcapex.com/forums/topic/general/1036
SL is not like in world markets, the corps are groups of people pretty much pooled in an interest of making a profit if and however they can. Kind of like the clans on World of Warcraft, but using a more up-to-date stylization of financial structuring to help control ownership. That said, it's wise to know your corp's leadership, to not just invest based on numbers or hearsay, but to actually talk to them and get to know them and their goals. My investors will tell you, my mind is open to picking, that's why many got on board with me to begin with.

That said, it's another case of, "If you do your homework, you know what you get, and if you don't.. it's not the CEO's fault." He can't come out and just say, "Oh, I'm thinking of resigning." When he has not yet made his decision as it'd be abandonment of his fiduciary duty and result in a direct stock crash right away and could be grounds for accusations of manipulation. It is only after the decision has been finalized that it could be announced without concern for market ethics.

Besides, I think it's more than possible to find someone just as passionate about growing SLR. It's just a matter of being picky and finding someone excited about second life media who has the talents and the skills. It won't be easy, but it can be done.

You'll only be disappointed by a stock you do not research well enough to understand its future.

in topic Yet, another CEO bailing on the company they created...... by Maelstrom Baphomet ]]> Thu, 22 Nov 2007 06:00:09 -0700 http://slcapex.com/forums/topic/general/1036/5758 http://slcapex.com/forums/topic/general/1036
The people who have started their companies are the ones who are most passionate about making them work. They want to see them grow, and grow big...

However, in the SL world, the opposite seems to be true. They start the company, get them going, then want to bail. Not trying to pick on Xavier, however, this is never good for the investor.

So to the future CEO's of the companies soon to be coming.... think about what you are doing before you start that IPO. Because if your not going to invest the time to run your company, why form it? And why waste the investor's time and money?

Disappointing. That's all I got to say.

in topic Yet, another CEO bailing on the company they created...... by James619 Bagley ]]> Thu, 22 Nov 2007 05:45:24 -0700 http://slcapex.com/forums/topic/general/1036/5757