Mar 2nd 2008, 23:57 System Announcement
by Bogart Beck
ATTN: AFB Claimants - NEWS Regarding Distribution - 03/02/2008
Sunday, March 02, 2008 - 11:50PM (SLT)
From: Bogart Beck, AFB Trustee
AFB Claimants,
A surprising and encouraging NEWS Announcement:
This weekend a private party has stepped forward and negotiated to purchase 100% of the remaining SLCX stock held in the AFB Trust at L$.30 /share (4,050,002 SLCX shares).
I am very pleased to report that such transaction has been completed and the Gross proceeds of L$1,215,000.00 are now in my possession for distribution to AFB Claimants. I have NOT yet calculated the Commission due SL CapEx for the Sale of Shares nor the Trustee commission, but clearly this will be the largest AFB Distribution by far and should help improve the cash positions of many SL CapEx clients.
I have not yet calculated the exact percentage or factored Arbitrage's monthly contribution, regardless, I do NOT anticipate being able to begin distribution of the proceeds until LATE NEXT WEEKEND (AFTER the February Financial Reports have been posted and reviewed).
It looks like we are nearing the end of a dark chapter in SL Finance history... I look forward to putting this one behind us! I will Post a Distribution Timetable some time later this week as I get a better handle on my availability to process the distribution.
God Bless,
Bogart Beck
AFB Trustee
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Feb 29th, 10:05
Bogart Beck Re: Payouts
The Allenvest Recovery solely distributes the proceeds of the sale of SLCX Stock that was in Investor Allens Control plus the proceeds of the Sale of AVIX to Arbitrage Wise.
We have no authority or jurisdiction over funds SL CapEx did not control at the time AIG was delisted.
At this time I do NOT have a projected distribution date for the next payment to claimants as SLCX has not traded above $.30 /share at any time this month since the previous distribution.






