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:) I want to clarify my position on the Tizzy thing. I was lying in bed last night thinking about this. I haven't really taken to task to consider Jasper/Frank's comments for positive outcome. I do believe in the benefit of the doubt. I believe that Frank had good intention with his businesses. However, the manner in which he left and the way he executed his "retirement" from SL left everyone with questions about his business ethics, himself, and everything about SL finance. It couldn't have been a more poorly planned decision in an already unstable environment. The domino effect that followed and the decisions made on behalf of his delegate and successors is something that he needs to own up to. Ultimately he is responsible for the effect that followed.

It can't be my task to try and help others clear there name or see that it was their decision that caused the ripple effect. I have a responsibility to my companies and more importantly, the FED shareholders until Ford returns. This already takes a majority of my free time.

He obviously wants to clear his name, but he wants to share the blame with others.

I was trying to get across:

1) He was the face of the bank. No one cares that he folded it into anything or that it was partially owned by someone else (of which there is conflicting info as to the percentage owned). Therefore he can scream that he was scammed out the wahoo but until he owns up and pays his depositors no one will absolve him of anything.

2) He wants to blame Intlibber for taking assets that weren't CGIs, but he has not produced proof even touched any of the points asking for proof that these assets weren't CGIs. No one is going to believe someone that abandoned his companies. The interesting thing to me is that he was supposedly in touch with Patrickj the whole time. There are many questions here, and now so much time has passed that other vital players, such as Monkey Canning, can't even be contacted to discuss if they had agreed to add assets as part of a CGI restructure. I'm not sure how this played out. What I do know is that he left Patrickj in charge of a company he abandoned. Patrickj made a desicion to merge CGI with BNT, and although it was questionable and controversial, it was ratified by a majority of both companies’ shareholders. Any mishandling of assets on the CGI/AVC side was a result of CGI/AVC executives (direct hires of Jasper Tizzy) and therefore are not the responsibility of BNT. Sorry, but no amount of influence would ever cause me to put Intlibber above FED shareholders. I have a fiduciary duty to them.

3) He did not discuss what happened to the $3500 USD that he held from tier? Was it paid out to the bank holders? Who has been paid? Who hasn't? The better decision would have been to pay the tier, liquidate all the land and pay the bank holders back. Then retire. If AVC had over 260,000 sqm of mainland – that would sell for $1,560,000 at L$6 a share (some land would fetch more – others less), or roughly $5886 USD. In abandoning the company this was all put in jeopardy.

4) The root of all this evil is the hasty decision that was made, which was not even communicated by Jasper himself, but was made by Tobia at VSTEX. How he could believe that no one would remember him after everything that happened with Nicholas I will never know.

So I’m done with this. Konner, you do a good job. Although I am sure you need a break, it would be a shame to not have your analysis.

Anonymous, I not sure if you follow RL finance but I am sorry to disappoint you. Scams are not just in SL (Enron, Tyco, WorldCom, Adelphia, iVillage, Societe Generale to name a few). They also experience bank runs (Countrywide Fianancial, Northern bank, and Bear Stears come to mind in the most recent year). The only difference is that in RL you can sue and people can be held accountable. Too bad SL doesn’t have a formal way for handling these issues. There are some great operations in SL that wouldn’t have been founded had they not had access to pooled capital. The money provided to these companies has provided a consistent return to their shareholders. Some quick examples are Kush Islands, Yellow Paperclip, Zenya Zoning Real Estate, Delicious Demar Enterprises, and Jamaica Estates. If you took a moment to understand the depth of the market and the nature of how finances work in both RL and SL you might understand more. You can’t always believe what you read elsewhere, especially from people who have nothing to do with the industry. The difference is that Y2P has people who understand the business and try to make a difference for the good. To generalize and say they are all scams is a little much. However, if you are interested in filing a complaint with someone, which I am sure has been done ad nauseum (and even by myself in certain cases), you can look up the Securities and Exchange Commission, the FBI Internet Crimes unit, so on so forth (in the US). This is nothing new and has been posted many times over in many different places.

The problem is that it's not only the exchanges. I've lost more money in private partnerships. At least the exchange keeps things in the public eye. The scams will go on, whether it be copybots, land scams or whatever. The best thing you can do is be smart about your transactions.

I guess it’s what they say, one rotten apple spoils the whole bunch. Anyway I’m done. I need a break too.