SLC has been declared bankrupt.
As of earlier this afternoon I have declared that SLC is officially in bankrupt status.
Bob Perry has abandoned his shareholders and further refuses to repay his debts to any
shareholder, either original SLZ investors, BOB, or any SLC shareholders.
As many of you have read here, Bob Perry openly admitted there were no promises of assets in this merger. Assets retained by MDS prior to the merger would be held by myself and liquidated as I saw fit. In that same thread I expressed my position on how those assets would be distributed, nothing has changed.
On the 15th of October, Samantha Goldigar asked "Do you think that SLC could split again into the original companies?". I then openly admitted that if a split was to occur, MDS would be bankrupt- In all honesty, there is no foreseeable future for any of the 3 companies.
In good faith I believe that I tried with Perry. I now believe Perry's intentions were dishonorable from the very beginning. It makes sense. Perry had IPO'd SLZ- where he had expressed the funds would be used for the development of SLZero. Not only would the merger have allowed SLZero to be developed free and at a loss of only sales percentages, but it also gave him a loan which he no longer had to repay. The only thing he ever mentioned to develop post-merger was SLZero- but he would never give any details other than mentioning obvious stuff, like placements of a login box- etc.
As of today, MDS now longer holds any Land Assets. They have all been successfully sold and merely awaiting payments to clear on the final sim. I do not have any other asset available to be disbursed to investors- with the exception of finding buyers for various aspects of our developments. The good news, Vstex has setup Risk Funds as stated on their website to help in situations such as this one. You can view more details here.
With all that being said. The newest loophole to hit the scene as professed by Samantha Goldnuget and Bob Perry- If the CEO relinquishes their shares, they walk away unscathed. The new CEO that people are tapping their skulls over- wondering why someone would take ZERO to payback someone elses debt- Well, the new CEO needs only distribute those shares as an option to an alt and dump them on market..
Thats all I have for now- I'll send an update when MDS distributions are being made.
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