This is what I know: Jasper set me a note card on 9/13/7 indicating that he was leaving for another job for a few weeks and that he had made Random Bumbo (My brother) a group owner of CGI. He made Random an owner because I was not a member of the group at the time this all happened.
My interest in CGI is high because I own a majority of shares, and would like to find a solution that the majority of CGI investors can accept. I also have a fair amount of AVC shares that I bought, and can sympathize with other investors.
Jasper sold off almost 2/3 of CGI land to satisfy withdraws at the bank. Even though this was an egregious misuse of CGI assets, it has been done and there is nothing that CGI can do to reverse this action. About 220,000 m2 of land remain. Most of that land I had to buy last night to keep LL from taking it back this morning, as Jasper took his land contribution away sometime in the past couple of days. He informed me of this last night via IM. Unfortunately, I was unable to get him to answer questions that pertained to AVC, KFM and the Bank.
CGI land that had active rentals appears to have been spared the sell off. I have not had a chance yet to survey the land to see who is renting or the amounts of rents that are paid each week, however, I do not believe that there is enough income to justify the tier payments on the land.
What are the options and choices?: This I have thought long and hard about. If I were just trying to get some of my investment back I could have sold the land off and pocketed the proceeds. However, I would like to find a solution for all investors that have a stake in CGI. Unlike others, I have made a commitment to safeguard the investments of the CGI shareholders and I will do everything that I can to help reduce the sting that we all are feeling now.
There are two options that can be voted on by the share holders regarding the disposition of CGI.
1. Sale all the land and distribute the proceeds as dividends to the shareholders.
2. Attempt to find a company willing to buyout CGI in exchange for that companies shares
Now the tier to hold this land also needs to be taken into consideration since it has cost me over $600.00 to save the land, out of my own pocket. I intend on recovering that fee. Had I not take control of the land, it would all be gone now and we would all have nothing to talk about other than how mad we all are.
As soon as Tobia gives me a copy of the investor list I can start moving forward, because time is of the essence. I and my team are doing everything in our power to help recover as much investor monies as possible.
Thank you for your understand in this matter,
PatrickJ Ah
Note by Tobia Forcella:
I don't know what to think about Jasper Tizzy and Teanna Nomura. I had only an IM from Jasper on 13 sept saying: "Hello - I have sold my business to PatrickJ Ah - please move all of my shares in all of my companies to him - ty".
In the meantime, i found that The KFM's mall was sold. so I stopped the trading immediately, and started to contacting him and Teanna without success.
People are very strange.
Jasper comed here from another exchange with all the shareholders; i remember all that YOU MUST TRUST the owner of the company that you are buying.
I'll keep trying to contact them, but as it is for PatrickJ, i don't know if Jasper will come back.
Tobia Forcella
Message has been posted in raw form in the interests of getting the news out quickly. Stay tuned to SLReports.net as we edit in additional comment and information as it is available.
