The following is a excerpt from a post made by Unbonbom in the ACE forum.
Re: Shareholders vote on future direction
It is easy, when a company enters into impossible situation, automatically is tranferida to my person. I continue with the company and all happy.
It is better than a secure, free, and the shares are never lost.
the market ace would be the first to be 100 % secure and that benefits all of us.
people are tired of theft, fraud and be without their shares.
I believe that ace can rely on my person.
Thank you.
Here we can all appreciate yet another sign of Unbonbom's revolutionary thinking by suggesting ACE management grants him a licisense to transfer defunct or bankrupt companies to his name. After this he plans to "Continue with the company and all happy".
Besides the the idea of having one person in charge of all difunct companies seems preatty stupid to me I want to point out that he does not specify how this " Transfer" will be done at all. For all we know he pretends ACE to just hand the company over.
Based on my business experience I think that someone who makes this type of offer at all is extreamly unprofessional. It begs to ask how many free hours does Unbonbom have? I mean unless he doesn't do any work at all for the companies he is currently CEO of how can he possibly want more? I think that a CEO with more than two companies really can't work out efficiently and take care of its investors properly but thats just me.
I would like to know what you the reader think about this new idea of shipping over all defunct companies to Unbonbom, will he be able to work in 4 , 5 ,6 companies at once? A good businessman can take the challange of restoring one defunct company but more? How much time does he plan to spend for each venture? Obviously not a lot since he is constantly trying to get more companies.
Matt
Wednesday, September 16, 2009
Monday, September 14, 2009
ACE Troubled by ATM Situation
For some time now many people have noticed some financial problems when using ace and have done the proper thing in reporting them through the support ticket system. This is not something new that has come to light just now and anybody who takes a moment to study the forums will see small things that can lead one to believe something is amiss.
To save the trouble of searching those posts I have compiled some of them here so you can gain a broader understanding of the situation. It is worth to note that we are not saying all this claims are rightfully made but rather showing all the material in this topic.
-------------------------------------------------------------------------------------
PAYPAL PAYMENT!!! NEARLY 2 MONTHS!!
Posted Jun 14th, 15:30 by Mick Waffle
I have been waiting since the 20th of April for arrival of my paypal payment! i have IMed people, i have sent tickets, i have posted in the forum, yet still nothing has happened! this is outrageous! how are people expected to trade Lindens if they have to wait over a month to receive payment?!?!
------------------------------------------------------------------------------------
Two Months and NOTHING...
Posted Jul 15th, 16:35 by Lokki Larsson
Im waiting TWO months for my PayPal withdraw, in this time i have NO money, no ticket support answer... nothing.
Can you guys CANCEL my withdraw, or tell me something about that?
-------------------------------------------------------------------------------------
I was not paid tough I made A withdraw...
Posted Sep 9th, 20:56 by Roger Spyker
It was not paid though it made a withdrawal.
Please pay after it confirms it.
[14:35] Object: Your withdrawal of 50000 has completed. Your new balance is 5,094.21. Thank you!
There is no answer after two days though it contacted Mr. IntLibber Brautigan and Mr. Hamncheese Omlet.
----------------------------------------------------------------------------------
Re: It was not paid though it made a withdrawal.
Posted later today by Roger Spyker
It is anxious that Status is Closed though there is no answer.
Closed Customer Support Issues
Ticket# Issue Status Created
1108 It was not paid though it made a withdrawal. Closed 2009-09-07 17:54:51
------------------------------------------------------------------------------------
Now this information is factual and in the three instances none of the people got their money back. I know this pertains to Paypal transactions too but it helps show that something isn't right with the way Paypal withdrawals are being taken care off. If to this we add the fact that the ATM gets emptied every so often then we can clearly see that accusations of ace being non liquid have some supporting facts. This is not just a random rant or attack but rather something more serious.
Fully Loaded ATM Vs. Partially Loaded ATM
The main discussion regarding the unvailability of funds right now is that having a fully loaded atm would represent a huge risk for traders. Now I myself believe that can indeed complicate the probleam because it puts traders in a you may lose all your money if we get hacked or you might not be able to acess your money when you need it most.
Lets put ourselves in the second situation for which I will give an examples.
Example 1
Bob is a real estate entreprenur who manages a bunch of sims with money from his stock exchange IPO , he believes that having the money at ACE will be the secure and best way to go. So he lets his reserved funds seat there until the day he owes tier to LL and drops by the ATM only to notice is empty. At this point he can't make tier so he might lose his land which in turn could crash his company because we all know nobody is going to pay for the lost assets. Now some may argue it was his fault to put all the money in ACE and wait till the last minute to pay tier but if he compleatly trusts ACE can you blame him?
Example 2
Michael is a well versed community trader who keeps most of his money in stocks and in his ACE account in order to carry on his daily trades. He realizes he needs to pay his premium membership but the ATM is empty he can't count of his saved money to pay LL so his account goes to red numbers. At this point he has to wait until ACE replentishes the ATM. Linden Lab however is well known for taking rash actions so they ban his account until he is able to make his payment. He is now locked out of SL with most of his money trapped inside what is his only option to get money from another person pay his account and wait till his LL service is restore. This might cost him a lot of opportunities for his trading and other SL business because he of course trades in several exchanges.
So this examples are made up situations in which someone could get royally screwed by the partially loaded ATM. Could this same thing happen in a worst manner if the ACE ATM was hacked? Of course it could but we can't be certain. The Ancapistan Stock Exchange has a right to shield themselves from that liability but at the same time they should also make it clear that they dont " Hold 100% of reserves " what they do is put a percentage of that available for shareholders . A new sign would be " For security reasons traders may not be subject to withdraw all of their money at any given time" since we traders depend on someone filling up the atm.
Does ACE keep the full amount of deposits inside their vaults 24/7?
Truth be told we will never know, the security argument shades any glimmer of certainty we traders may have as users of the service. Something to be consider however is that some times when the ATM goes off it takes hours for it to be refilled. Now of the ACE Management is aware of this and knows how important it is for some people to have acess to their money wouldn't they make it a first priority? Drop anything else to fill the ATM , which as far as I know is just pay the avatar from which the ATM withdraws money, in order to provide us with a exellent service?
For this matter I won't give you may opinion but rather let you make your own, I have tried to give you all the information you need to create your verdict within this post but the rest is up you. I want to also take this opportunity to invite you to comment on this article to get yourself involved in our small magazine. That way we can see what many traders think about this topic.
Thanks
Matt
To save the trouble of searching those posts I have compiled some of them here so you can gain a broader understanding of the situation. It is worth to note that we are not saying all this claims are rightfully made but rather showing all the material in this topic.
-------------------------------------------------------------------------------------
PAYPAL PAYMENT!!! NEARLY 2 MONTHS!!
Posted Jun 14th, 15:30 by Mick Waffle
I have been waiting since the 20th of April for arrival of my paypal payment! i have IMed people, i have sent tickets, i have posted in the forum, yet still nothing has happened! this is outrageous! how are people expected to trade Lindens if they have to wait over a month to receive payment?!?!
------------------------------------------------------------------------------------
Two Months and NOTHING...
Posted Jul 15th, 16:35 by Lokki Larsson
Im waiting TWO months for my PayPal withdraw, in this time i have NO money, no ticket support answer... nothing.
Can you guys CANCEL my withdraw, or tell me something about that?
-------------------------------------------------------------------------------------
I was not paid tough I made A withdraw...
Posted Sep 9th, 20:56 by Roger Spyker
It was not paid though it made a withdrawal.
Please pay after it confirms it.
[14:35] Object: Your withdrawal of 50000 has completed. Your new balance is 5,094.21. Thank you!
There is no answer after two days though it contacted Mr. IntLibber Brautigan and Mr. Hamncheese Omlet.
----------------------------------------------------------------------------------
Re: It was not paid though it made a withdrawal.
Posted later today by Roger Spyker
It is anxious that Status is Closed though there is no answer.
Closed Customer Support Issues
Ticket# Issue Status Created
1108 It was not paid though it made a withdrawal. Closed 2009-09-07 17:54:51
------------------------------------------------------------------------------------
Now this information is factual and in the three instances none of the people got their money back. I know this pertains to Paypal transactions too but it helps show that something isn't right with the way Paypal withdrawals are being taken care off. If to this we add the fact that the ATM gets emptied every so often then we can clearly see that accusations of ace being non liquid have some supporting facts. This is not just a random rant or attack but rather something more serious.
Fully Loaded ATM Vs. Partially Loaded ATM
The main discussion regarding the unvailability of funds right now is that having a fully loaded atm would represent a huge risk for traders. Now I myself believe that can indeed complicate the probleam because it puts traders in a you may lose all your money if we get hacked or you might not be able to acess your money when you need it most.
Lets put ourselves in the second situation for which I will give an examples.
Example 1
Bob is a real estate entreprenur who manages a bunch of sims with money from his stock exchange IPO , he believes that having the money at ACE will be the secure and best way to go. So he lets his reserved funds seat there until the day he owes tier to LL and drops by the ATM only to notice is empty. At this point he can't make tier so he might lose his land which in turn could crash his company because we all know nobody is going to pay for the lost assets. Now some may argue it was his fault to put all the money in ACE and wait till the last minute to pay tier but if he compleatly trusts ACE can you blame him?
Example 2
Michael is a well versed community trader who keeps most of his money in stocks and in his ACE account in order to carry on his daily trades. He realizes he needs to pay his premium membership but the ATM is empty he can't count of his saved money to pay LL so his account goes to red numbers. At this point he has to wait until ACE replentishes the ATM. Linden Lab however is well known for taking rash actions so they ban his account until he is able to make his payment. He is now locked out of SL with most of his money trapped inside what is his only option to get money from another person pay his account and wait till his LL service is restore. This might cost him a lot of opportunities for his trading and other SL business because he of course trades in several exchanges.
So this examples are made up situations in which someone could get royally screwed by the partially loaded ATM. Could this same thing happen in a worst manner if the ACE ATM was hacked? Of course it could but we can't be certain. The Ancapistan Stock Exchange has a right to shield themselves from that liability but at the same time they should also make it clear that they dont " Hold 100% of reserves " what they do is put a percentage of that available for shareholders . A new sign would be " For security reasons traders may not be subject to withdraw all of their money at any given time" since we traders depend on someone filling up the atm.
Does ACE keep the full amount of deposits inside their vaults 24/7?
Truth be told we will never know, the security argument shades any glimmer of certainty we traders may have as users of the service. Something to be consider however is that some times when the ATM goes off it takes hours for it to be refilled. Now of the ACE Management is aware of this and knows how important it is for some people to have acess to their money wouldn't they make it a first priority? Drop anything else to fill the ATM , which as far as I know is just pay the avatar from which the ATM withdraws money, in order to provide us with a exellent service?
For this matter I won't give you may opinion but rather let you make your own, I have tried to give you all the information you need to create your verdict within this post but the rest is up you. I want to also take this opportunity to invite you to comment on this article to get yourself involved in our small magazine. That way we can see what many traders think about this topic.
Thanks
Matt
Saturday, September 12, 2009
Response to one of our readers
First off I would like to apologize for the absence of posts yesterday as my intend is to keep everyone here informed 24/7 but there were some computer issues which I had to solve ( Never take your Laptop to the Best Buy Geek Squad) nevertheless I am back.
I am very interested in the ACE forums because I always find them highly entertaining and fun to read and sometimes utterly full of nonsense. There are good individuals who post relevant posts with great info too but somehow does go unnoticed thanks to the three or four individuals who enjoy starting negative topics that don't drive the exchange anywhere.
Anyhow as I was browsing to the sections I came across this gem:
"Matt, could you please tell us what do you think about AON?"
JayT Axel
I have said plenty of times I would cover all the companies listed at ACE as a matter of fact I said earlier in the thread where this post had been placed . However since I have limited time I can't post a thousand reviews but since Jayt is so eager to hear my views it would be cruel of me to deprive him any longer so hear it goes.
What do I think of All or Nothing?
I believe it was company that started out fine and showed some great potential I find it was managed skillfully and rarely was there any major issue. The bomb blew out when Hugo said " Hey I want to do a buyback and liquidate AON" which he is trying to do so far in-world to the best of my knowledge. Do I believe its right to pay some shareholders and not others? No I don't but I do think paying some is better than paying none. Do I think it was right to excessively advertise his blog and put up some of the stuff he has? Of course he can't push advertisment like that in ACE, but he is free to post independantly in a blog. When a blogger writes somenthing people may choose to read it or not.
As the situation stands what I think is this,
1) He is trying to do a partial buyback for 80% of the investors
2) He has stopped his spamming in ACE
3) He has done things I don't agree with
4) You can read his blog at your own discretion
That is my humble view Jayt and know that I am a friend of Hugo but I do know when he does wrong this and I point them out to him and tell him that he shouldn't do them ( buying some shares instead of all) but beyond that he is and adult and I can't do more.
Thanks
Matt
I am very interested in the ACE forums because I always find them highly entertaining and fun to read and sometimes utterly full of nonsense. There are good individuals who post relevant posts with great info too but somehow does go unnoticed thanks to the three or four individuals who enjoy starting negative topics that don't drive the exchange anywhere.
Anyhow as I was browsing to the sections I came across this gem:
"Matt, could you please tell us what do you think about AON?"
JayT Axel
I have said plenty of times I would cover all the companies listed at ACE as a matter of fact I said earlier in the thread where this post had been placed . However since I have limited time I can't post a thousand reviews but since Jayt is so eager to hear my views it would be cruel of me to deprive him any longer so hear it goes.
What do I think of All or Nothing?
I believe it was company that started out fine and showed some great potential I find it was managed skillfully and rarely was there any major issue. The bomb blew out when Hugo said " Hey I want to do a buyback and liquidate AON" which he is trying to do so far in-world to the best of my knowledge. Do I believe its right to pay some shareholders and not others? No I don't but I do think paying some is better than paying none. Do I think it was right to excessively advertise his blog and put up some of the stuff he has? Of course he can't push advertisment like that in ACE, but he is free to post independantly in a blog. When a blogger writes somenthing people may choose to read it or not.
As the situation stands what I think is this,
1) He is trying to do a partial buyback for 80% of the investors
2) He has stopped his spamming in ACE
3) He has done things I don't agree with
4) You can read his blog at your own discretion
That is my humble view Jayt and know that I am a friend of Hugo but I do know when he does wrong this and I point them out to him and tell him that he shouldn't do them ( buying some shares instead of all) but beyond that he is and adult and I can't do more.
Thanks
Matt
Thursday, September 10, 2009
Thoughts on the current BDVR Situation
Blue Diamond Virtual Reit has been the center for hot discussions and rivalries for a while now that have not cease to exist since fraudulent management by Southernborne Thespian was stopped. Since the control was turn over two investors the company has not achieved much because there has been an awful amount of miscommunication.
I remember quite clearly how the interim board started as I was one of the members and we were all hopeful and determined to save the company from impending doom. However as the time passed the board never conected and things were said and done that created many underlying conflicts that stopped the progress. An example of this was the office set up by Ashleigh Wade in a generous gesture being returned by someone without much explanation.
I have always had some attachment for this company since I used to spend many hours working hard in it while it was being run by Hugo. To this day I still do , but I think given the current situation the best thing is to start a liquidation and pay the shareholders whatever money can be obtained. I am not saying this because I want my ACE competitor out of the picture but rather because what I see in the forums is extreamly descouraging, the few people who have made a effort and had an opportunity to shape BDVR back have been driven away and there is not much interest from the shareholders in steping up to a board.
The latest discussion between Stray and Alain in the forums should not have been carried out as it was. Stray was in his right to express discontent and ask the questions and reasons behind them that he saw fit. Now Alain came along and started on a very aggresive manuver which was just plain wrong. In my opinion the tensions between people involved in these company has led to hypersensitivy when it comes to discussing important matters.
In all honesty I think we have to be able to say enough is enough, the company was crashed by Southern and there have been hard attemps at making it work with no avail. So at this point I ask you, Black Label Reader, what you think about? Do you see light in the horizon after all the bad connections between investors who have tried to step up? Wouldn't it make more sense to sell the assets in a controlled manner and give a final dividend?
Matt
I remember quite clearly how the interim board started as I was one of the members and we were all hopeful and determined to save the company from impending doom. However as the time passed the board never conected and things were said and done that created many underlying conflicts that stopped the progress. An example of this was the office set up by Ashleigh Wade in a generous gesture being returned by someone without much explanation.
I have always had some attachment for this company since I used to spend many hours working hard in it while it was being run by Hugo. To this day I still do , but I think given the current situation the best thing is to start a liquidation and pay the shareholders whatever money can be obtained. I am not saying this because I want my ACE competitor out of the picture but rather because what I see in the forums is extreamly descouraging, the few people who have made a effort and had an opportunity to shape BDVR back have been driven away and there is not much interest from the shareholders in steping up to a board.
The latest discussion between Stray and Alain in the forums should not have been carried out as it was. Stray was in his right to express discontent and ask the questions and reasons behind them that he saw fit. Now Alain came along and started on a very aggresive manuver which was just plain wrong. In my opinion the tensions between people involved in these company has led to hypersensitivy when it comes to discussing important matters.
In all honesty I think we have to be able to say enough is enough, the company was crashed by Southern and there have been hard attemps at making it work with no avail. So at this point I ask you, Black Label Reader, what you think about? Do you see light in the horizon after all the bad connections between investors who have tried to step up? Wouldn't it make more sense to sell the assets in a controlled manner and give a final dividend?
Matt
Wednesday, September 9, 2009
Ancapistan Exchange Defunct Company II
SOS : Grid Representation Fundation
Status: Actively Traded
CEO: GridRep Magic
Board of Directors
Hermit Barber - Chairman
Meshed Gears - Director
IntLibber BnT - Director
Investor Relations ( 2/15)
The forum has not been dealt with by any of the directors of the board of a company official, Cliff Eclipse has kindly tried to answer investor questions although he holds no title in the fund. The last investor message was recorded August 29th and since then there has been no reply by one of the many directors or numerous SOS Officers (Approx 13 in number). Last announcement was published in November 15, 2008 and since then no more news have been given.
Business Transparency & Growth (1/10)
Although this foundation may not post a standard financial statement based on its nature it could have posted a reference document with how much of the money was being spent monthly and in what areas of the legal defense ( I.e Court fees, Attorney fees, Paperwork).
Dividends (x/10)
* Does not apply to this type of organization
Verdict (3/20)
It is obvious by the lack of official communication that something that started as a great idea lost steam in the process. No communication with the shareholders during the whole history begs to ask where did all the money go? Was it properly spent in legal fees? Was there a strong legal action started? I would like to hear your opinion about this topic. For me this is a [Strong Sell] if you can although t given the nature of the shares it will be very hard.
*All dates and figures mentioned in this review can be easily verified by acessing the relevant sections of the ace-exchange website. If you think a mistake has been made please let me know and I will get back to you with the public source of the info*
Status: Actively Traded
CEO: GridRep Magic
Board of Directors
Hermit Barber - Chairman
Meshed Gears - Director
IntLibber BnT - Director
Investor Relations ( 2/15)
The forum has not been dealt with by any of the directors of the board of a company official, Cliff Eclipse has kindly tried to answer investor questions although he holds no title in the fund. The last investor message was recorded August 29th and since then there has been no reply by one of the many directors or numerous SOS Officers (Approx 13 in number). Last announcement was published in November 15, 2008 and since then no more news have been given.
Business Transparency & Growth (1/10)
Although this foundation may not post a standard financial statement based on its nature it could have posted a reference document with how much of the money was being spent monthly and in what areas of the legal defense ( I.e Court fees, Attorney fees, Paperwork).
Dividends (x/10)
* Does not apply to this type of organization
Verdict (3/20)
It is obvious by the lack of official communication that something that started as a great idea lost steam in the process. No communication with the shareholders during the whole history begs to ask where did all the money go? Was it properly spent in legal fees? Was there a strong legal action started? I would like to hear your opinion about this topic. For me this is a [Strong Sell] if you can although t given the nature of the shares it will be very hard.
*All dates and figures mentioned in this review can be easily verified by acessing the relevant sections of the ace-exchange website. If you think a mistake has been made please let me know and I will get back to you with the public source of the info*
Ancapistan Exchange Defunct Company I
WJUV Radio
Status : Halted
CEO: Tyrian Camilo
CFO: Granger Underwood
Investor Relations (1/15)
This company has become an empty placeholder in the ACE Trading list and the last known post made by a company official was written February 9th, 2008 in the forum. The last main page announcement is also dated way back as August 24, 2008 informing about new tunes the company acquired. Furthermore no response have been published to a old thread of investors so this company deserves no more than a 1 in this section.
Financial Transparency & Growth (0/10)
No financials have been posted since this company was conceived under either the official financial summary page or the forum financial reporting thread.
Dividend Payments (1/10)
The last known dividend for this company was given December 18, 2007 so we can admire this company has not even bother to post something for investors in two years.
Verdict (2/35)
This company was halted by the ACE administration in a very wise fashion since it was non compliant with a lot of the rules of listed companies as we can judge from the above stated facts. But I can't help to wonder why is this shell still in place? right now its merely serving placeholder to make the ACE trading list appear longer than it is. All I can say to those who invested on this years ago is that they ask for the company to be delisted as its presence is not positive to the exchange community.
*All dates and figures mentioned in this review can be easily verified by acessing the relevant sections of the ace-exchange website. If you think a mistake has been made please let me know and I will get back to you with the public source of the info*
Status : Halted
CEO: Tyrian Camilo
CFO: Granger Underwood
Investor Relations (1/15)
This company has become an empty placeholder in the ACE Trading list and the last known post made by a company official was written February 9th, 2008 in the forum. The last main page announcement is also dated way back as August 24, 2008 informing about new tunes the company acquired. Furthermore no response have been published to a old thread of investors so this company deserves no more than a 1 in this section.
Financial Transparency & Growth (0/10)
No financials have been posted since this company was conceived under either the official financial summary page or the forum financial reporting thread.
Dividend Payments (1/10)
The last known dividend for this company was given December 18, 2007 so we can admire this company has not even bother to post something for investors in two years.
Verdict (2/35)
This company was halted by the ACE administration in a very wise fashion since it was non compliant with a lot of the rules of listed companies as we can judge from the above stated facts. But I can't help to wonder why is this shell still in place? right now its merely serving placeholder to make the ACE trading list appear longer than it is. All I can say to those who invested on this years ago is that they ask for the company to be delisted as its presence is not positive to the exchange community.
*All dates and figures mentioned in this review can be easily verified by acessing the relevant sections of the ace-exchange website. If you think a mistake has been made please let me know and I will get back to you with the public source of the info*
Express Shopping Network Searchs for a new CEO
Express Shopping Network Chief Executive Officer Replacement :
Today this announcement was made in the front page of ACE asking all investors to vote for the successor of Jayt Axel as current chief executive of the company.
Please go to ESN forum to vote for the new CEO of ESN.
2 candidates:
Johnny Norwood
Unbonbom Aabey
Now this choice is hands down very simple in my opinion since we are all familiar with the way Unbonbom deals with restructuring new companies. His strategy is basically turn any defunct company into a investment firm for second life markets. This is what he intended to do with Blue Diamond Virtual Reit back when Southernborne was caught dumping assets. That I belive is showing a total disregard for what the company is and what investors purchased shares in. You can't have investors who have given their money for a magazine idea suddenly switch to a investment firm its just not fair to them.
The fact that Unbonbom has suggested the same plan for BDVR shows that he doesn't study the particulars of each company and develops a plan to meet those needs. It seems as thought he uses the policy of "One size fits all" to acquire as many companies as he possibly can. In my opinion he has plenty of companies to manage and I think its very unwise of him to offer himself for yet another ceo role.
This link obtained straight from the ACE forums shows that this is not the first company Unbonbom wants to convert into a investment firm:
http://www.ace-exchange.com/forums/topic/951
If you take a minute to look over the thread you will notice that he basically suggested to blow away the identity of the company and replace it in its entirety. Sell land quick and start investing in SL markets was his reformation plan for a Real Estate venture.
On the other side of the coin we got Johnny Norwood a investor that althought I don't know deeply since we have only talked once I think is the right candidate. The manner in which he carries himself in the forums is very professional and he has a strong idea with which to lead ESN into new heights. Thats just what the venture needs some new fresh blood who will devote a good deal of time to achieving progress, not someone who is already a ceo of a few ventures.
Anyway this is just one bloggers opinion here , the final choice rests with the investors of ESN who have the power to pick the right candidate. I want to encourage you if this post hasn't convinced you to do a little research into Unbonbom and Norwood to measure the pluses as well as the minuses and balance them for only then will you be able to make a informed desicion.
Today this announcement was made in the front page of ACE asking all investors to vote for the successor of Jayt Axel as current chief executive of the company.
Please go to ESN forum to vote for the new CEO of ESN.
2 candidates:
Johnny Norwood
Unbonbom Aabey
Now this choice is hands down very simple in my opinion since we are all familiar with the way Unbonbom deals with restructuring new companies. His strategy is basically turn any defunct company into a investment firm for second life markets. This is what he intended to do with Blue Diamond Virtual Reit back when Southernborne was caught dumping assets. That I belive is showing a total disregard for what the company is and what investors purchased shares in. You can't have investors who have given their money for a magazine idea suddenly switch to a investment firm its just not fair to them.
The fact that Unbonbom has suggested the same plan for BDVR shows that he doesn't study the particulars of each company and develops a plan to meet those needs. It seems as thought he uses the policy of "One size fits all" to acquire as many companies as he possibly can. In my opinion he has plenty of companies to manage and I think its very unwise of him to offer himself for yet another ceo role.
This link obtained straight from the ACE forums shows that this is not the first company Unbonbom wants to convert into a investment firm:
http://www.ace-exchange.com/forums/topic/951
If you take a minute to look over the thread you will notice that he basically suggested to blow away the identity of the company and replace it in its entirety. Sell land quick and start investing in SL markets was his reformation plan for a Real Estate venture.
On the other side of the coin we got Johnny Norwood a investor that althought I don't know deeply since we have only talked once I think is the right candidate. The manner in which he carries himself in the forums is very professional and he has a strong idea with which to lead ESN into new heights. Thats just what the venture needs some new fresh blood who will devote a good deal of time to achieving progress, not someone who is already a ceo of a few ventures.
Anyway this is just one bloggers opinion here , the final choice rests with the investors of ESN who have the power to pick the right candidate. I want to encourage you if this post hasn't convinced you to do a little research into Unbonbom and Norwood to measure the pluses as well as the minuses and balance them for only then will you be able to make a informed desicion.
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