Post by Admin on Apr 14, 2016 12:20:29 GMT
Skip Oceanlane (Carmen Dubaldi) owner of Capital Stock Exchange Game Simulation was caught breaking rules of his own game on reclaiming shares from inactive accounts ( www.onlinecapex.com/content/listrules10 ).
Instead by doing things by the rules and transferring reclaimed shares back to listed companies CEO's, Skip Oceanlane has created a 3rd party fund CEF (Consolidated Equity Fund) to transfer shares to. CEF managed by Troy Tomasso has been doing a major sell off those shares to pay dividends on in essence depleting and destroying the stock value in all the companies while he is receiving 46.2% of all the dividends paid for his own profit.
If Skip Oceanlane wasn't breaking the rule (about inactive accounts - reclaiming of shares) this wouldn't be possible and stock value in companies they're doing major sell off would be retained.
More about how this sell off scheme by Capex operators works can be read in this forum thread that evolved around Skip Oceanlane's announcement where he boosts about dividends of the CEF - fund is paying (creation of such fund was a direct violation of CAPEX rules):
onlinecapex.boards.net/thread/76/game-company-dividend-performance-great (we are still waiting for CEF CEO Troy Tomasso to explain his view on this issue).
2) Reclaiming of Shares
Once an account is determined to be Inactive:
A) Shares held in a particular company are returned to the game company for holding. This is called "reclaiming of shares" or "share reclamation." These shares will be considered "Treasury/Company Shares" and will be locked for a period of 6 months.
B) An account holder has 6 months from the date of share reclamation to request a reinstatement of shares.
C) If the owner of the inactive account does not return to reclaim the shares within 6 months, they will be considered fully Company Owned shares. CapEx recommends these shares be held in a company alt Game Alias account. If no company Game Alias account exists, then the CEO will hold the shares in his/her Game Alias account as locked Treasury/Company Shares, and the number of Treasury/Company Shares will be denoted on the Prospectus/Company Page. These shares may become unlocked if the company already meets the 50% plus 1 threshold for locked Company Shares.
Once an account is determined to be Inactive:
A) Shares held in a particular company are returned to the game company for holding. This is called "reclaiming of shares" or "share reclamation." These shares will be considered "Treasury/Company Shares" and will be locked for a period of 6 months.
B) An account holder has 6 months from the date of share reclamation to request a reinstatement of shares.
C) If the owner of the inactive account does not return to reclaim the shares within 6 months, they will be considered fully Company Owned shares. CapEx recommends these shares be held in a company alt Game Alias account. If no company Game Alias account exists, then the CEO will hold the shares in his/her Game Alias account as locked Treasury/Company Shares, and the number of Treasury/Company Shares will be denoted on the Prospectus/Company Page. These shares may become unlocked if the company already meets the 50% plus 1 threshold for locked Company Shares.
Instead by doing things by the rules and transferring reclaimed shares back to listed companies CEO's, Skip Oceanlane has created a 3rd party fund CEF (Consolidated Equity Fund) to transfer shares to. CEF managed by Troy Tomasso has been doing a major sell off those shares to pay dividends on in essence depleting and destroying the stock value in all the companies while he is receiving 46.2% of all the dividends paid for his own profit.
If Skip Oceanlane wasn't breaking the rule (about inactive accounts - reclaiming of shares) this wouldn't be possible and stock value in companies they're doing major sell off would be retained.
More about how this sell off scheme by Capex operators works can be read in this forum thread that evolved around Skip Oceanlane's announcement where he boosts about dividends of the CEF - fund is paying (creation of such fund was a direct violation of CAPEX rules):
onlinecapex.boards.net/thread/76/game-company-dividend-performance-great (we are still waiting for CEF CEO Troy Tomasso to explain his view on this issue).