Subscribe to this topicForums > SL Capital Exchange > Topic: SLCapex appoints COO/CFO - Firstdesigns Milos
| Jul 4th 2009, 16:04 Cash Yiyuan |
SLCapex appoints COO/CFO - Firstdesigns Milos | |
| Reprint from http://www.slcapex.com/home/story/system/2395 SLCapex appoints COO/CFO - Firstdesigns Milos As one of my first duties as Capex CEO I would like to take the opportunity to welcome a well known member of the financial community into the Capex family. We are all honoured to be able to work along side Firstdesigns Milos. Regards, Cash Yiyuan CEO - SLCapex ------------------------------------------------------------------------------------------------ Dear All, I would like to officially announce my appointment as COO/CFO of SLCapex. When starting SecondLife in June 2007 I was quickly made aware of the existence of JTFinancial (the original SLCapex financial entity). Having worked for a number of Months as a Customer Service Representative I was given the experience of operating the ground floor of the bank. After diversifying I was presented with the opportunity of buying a business, this business was called MiLOS Designs. I have spent 2008 building MiLOS, increasing the product range, and expanding to accommodate a half a sim main store. Having been in close proximity with the directors of Capex, observation has always been present. On the other hand, I have observed and assessed the ongoing operations of what is now known as SLCapex. I have never been the type of person to ‘blow my own trumpet’ or ‘make statements based on ego’. I have shown my personality and what I believe in through the existence of MiLOS Designs; integrity, transparency, structure and stability. These are the qualities that I will be bringing to SLCapex, and I will expect nothing less. I understand the society that is present within the stock exchange, and I will be working to increase the user base to increase liquidity. I also understand that risk is present for all stakeholders in SLCapex, from potential investors deciding whether to use their money to buy shares in companies that may fail, to the directors making the decision to approve an IPO where the business plan may fail or simply be fraudulent. Assessment and judgement is to be made in all forms of investing, and I will now be on board in aiding all stakeholders in their day-to-day stock exchange activities. With regards to the threat of independence of MLS there will be only independence. I will ensure that any future charges or actions that are taken for or against MLS will be the same as for all other listed entities. My time will be divided evenly to ensure that no entity which I am involved with suffers. With kind regards, Firstdesigns Milos, COO/CFO – SLCapex CEO – MiLOS Designs CFO – Verballis Translations Services |
||
| log in to reply | ||
| Nov 5th 2009, 21:32 Cash Yiyuan |
Re: SLCapex appoints COO/CFO - Firstdesigns Milos | |
| I noticed an official statement has not been posted regarding the current appointment of COO/CFO. Myself and Bogart Beck will be taking on extra duties to cover this position. FirstDesigns Milos is no longer associated with the position. I would like to take the opportunity to publicly thank him for his valuable service. Regards, Cash Yiyuan CapEx CEO |
||
| log in to reply | ||
| Nov 5th 2009, 22:27 JayT Axel |
Re: SLCapex appoints COO/CFO - Firstdesigns Milos
Edited by author Nov 5th 2009, 23:56 |
|
| With Milos stepping down from Capex's CFO position and bogart or Cash taking over this duty, what guarentee us the independency of the financial statements? I know that the management of Capex is not the management of ACE where figures were biased, but I belive that the CFO should be someone other than the CEO. Nothing against you Cash. Related to the question of financial statement, there is one question that I have been asking myself for sometimes now. What is the position of Capex concerning derivatives products? I know that Bogart is against it, but the ACE experience about derivatives clearly showed a market for it.If Capex is ready to have a try with derivatives, I am ready to IPO an investment firm which would offer derivatives products. The relation with the financial statements is that, if the financial statements are provided by CFO who are not CEO, then there will be more trust in the financial statements. And this would also lead to a better ability to put a correct price on stocks which would allow better pricing for derivaties products. I hope that Capex would be more positive about it than the first time I proposed to have derivaties products on sl market. Best regards. JayT Axel. |
||
| log in to reply | ||
| Nov 6th 2009, 07:22 Scott Nestler |
Re: SLCapex appoints COO/CFO - Firstdesigns Milos | |
| JayT, I will be processing the financials until a sutiable replacement is located. Thank you, Scott |
||
| log in to reply | ||
| Nov 6th 2009, 15:08 Bogart Beck |
Re: SLCapex appoints COO/CFO - Firstdesigns Milos | |
| JayT, For the record, I'm NOT against derivatives (just against how they've been implemented thus far in SL markets). The way they've been arbitrarily priced by the issuers is ludicrous... yada blah blah - I'll save the rant for elsewhere. I have always generally agreed with Andy and others that there is a NEED for us to be able to support a derivatives Market (primarily Put & Call Options) and committed to work with Chan to role out a limited product some time before year-end. We both got busy in RL so haven't been able to finish what we've started. Nonetheless, It will likely NOT be exactly what many people ultimately WANT but rather something everyone can live with that doesn't run the risk of completely fleecing the buyer or underwriter should the market completely run awry. I've written previously elsewhere about how SL Options should be priced (and automatically continually re-priced) based on a modified Black-Scholes model... I'll try to dig up that link when I get home tonight. Stay tuned. Bo |
||
| log in to reply | ||
1 
Sort by: