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www.slcapex.com By SL Hak Kush Islands (HOT) Chairman Rockwell Ginsberg has reduced his shareholding in HOT from 14.4% to 10% selling 90k shares in the last month. An approach to Rockwell Ginsberg received short change with Rockwell not wishing to comment about the private sale and the reasons behind it. It is not known if it is connected in anyway to the recent announcement by Kush Island CEO Clintovius Trotter regarding the proposed HOT expansion which was announced on 11th April 2008. Clintovius Trotter has confirmed that they are about to purchase a 10th sim. Clintovius Trotter maintains a conservative approach to HOT expansion as they are focused on rewarding shareholders with frequent dividend payments, HOT has consistently been one of the most stable performers whilst listed on both WSE and Capex and I just wish I had a substantial shareholding in my portfolio.
Whilst HOT expands I often wonder why Verballis (VBL) has not performed better, CEO Sully Okelly once an ever present contributor on the Capex forums appears to be reducing his in-world activity and his commitment is currently being questioned. Sully Okelly has been approached to offer an update on VBL and LCA, he has yet to respond, which is not surprising as his avatar has not logged in to SL since the 20th of April. This is disturbing many LCA shareholders who are being frustrated due to poor communication. On April 18th Innovative Index Fund (NDX) posted a dividend of 0.1 per share, CEO Travis Ristow indicating that this now equates to a ROI of 75% in less than 12 months, truly impressive! Travis Ristow has recently been critical of Capex as NDX was the subject of a brief suspension due to breach in reporting requirements. A recent shareholders meeting was held in order to discuss the future direction of NDX, the outcome are the following three options: Ratify the Secondary For NDX changing the Scope of operations, purpose & share structure based upon the new DWIF prospectus. Place NDX for Public Sale - Complete 3rd party buyout of all shares held by Travis Ristow, NDX Huet & Goldie2u Vanvleck at current market ask. Liquidation of NDX returning 1L$ per share.
Travis believes that this is an incredible opportunity for both NDX shareholders & The SL financial community as a whole. He is very pleased with the overwhelming support NDX shareholders have shown in regards to NDX's Future and even more delighted when his preferred option was selected with a huge majority. NDX is now attempting to raise L$5 million in a secondary. It's a shame that the CEO of TNW Designs & R.E. (TNW) couldn't be as conscientious as Travis Ristow as TNW appears to be faltering as Capex recently announced they were now in default of reporting requirements and then de-listed due to its continued breach. There is no surprise in this decision as it's been anticipated for many weeks, it's just a shame that the CEO didn't have the decency to facilitate a handover, or was lex just another fraud? I have my suspicions. Scott Nestler CEO of Capex IPO Nestler Investment Company (NIC) is a major shareholder in MNM having purchased 800,000 shares at IPO. Recently there has been growing frustration on the forums regarding lack of communication by MNM Directors, this eventually necessitated positive action by Scott Nestler who arranged for a RL meeting with MNM Directors Jamar Freeze, aka Jason Spaid and Fred Rosengarten in New York. Scott reported the outcome of that meeting in the Capex forums but didn't return with all the answers that disgruntled shareholders sought, he did seem content that MNM was heading in the right direction. Since this meeting communication has increased with a stream of announcements being made by MNM. Jaison Spad has also responded to the criticism on the forums and promised to respond to relevant MNM questions. http://www.slcapex.com/forums/topic/MNM/1808?page=3. This has been a difficult period for MNM, their reputation was dealt another blow when due to lack of completed financials it became the subject of a trading halt. They were subjected to this halt along with [hoorenbeek] (HBK) and TNW. Both MNM and HBK has since complied and are now trading. Who knows what's going on with HBK, this is a company that has produced excellent monthly financials, only to see nearly all of the profit being diverted to substantial wages and “research”. Senior officials at HBK were contacted in order to obtain a comment, no response has been received from all three individuals. HBK has such potential, however I can only see tears on the horizon! Please contact SL Hak on
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if you have any news on Capex listed companies.
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