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MrCentralGrid

Part 1 Central Grid defends association with Tizzy

MNN - Central Grid defends association with Tizzy

Written by special to MNN Monday, 03 March 2008 Editor's note: This is the complete text of a statement to MNN by Mark King, CEO of Central Grid. We are posting the entire document unedited for the information of the SL community.

Central Grid, Inc. is a real world incorporated company founded by Mr. Mark King, (SL Avatar Marcus Vendetta). Mr. King as CEO formed a group of owners including Mr. Matthew McGinnis (Granger Underwood), Dr. Barbara Newman-Zitka (Barb Carson) and Mr. Frank Corsi (Jasper Tizzy). There is no controlling ownership position within the company. Central Grid is a 3D virtual world using the Opensource technology. The Grid is unlike any other and is poised to be the leader in Opensource grids with its unique server systems and aggressive marketing plan to capture both the recreational user as well as real world businesses as they seek to assimilate into the next wave of the internet. Mr. King and Dr. Newman-Zitka have spearheaded ground breaking resident developed governance to assure that resident run commerce is ethical and fair. Patent pending web programming developed personally by Mr. Corsi himself will catapult Central Grid to the forefront of these emerging grids as a unique and technologically advanced alternative to other Opensource grids that share the same Opensource platform. Expertise brought by Mr. McGinnis assures Central Grid is current with Opensource advancements and server technology to best serve our customers. Central Grid, Inc. is truly unique when all existing virtual worlds and emerging Opensource platforms are examined.

There have never been attempts to cover up Mr. Corsi's involvement in this project. Many in Second Life and Central Grid, as reported, have communicated with Mr. Corsi since December 2007 as they have contemplated moving into Central Grid. In fact, present estate owners speak to Mr. Corsi and often other owners of Central Grid on skype or via email as questions or issues arise. What is now clear is that many in Second Life have chosen to perpetuate inaccurate and incomplete information regarding Mr. Corsi and his business as Jasper Tizzy. Central Grid Inc. will no longer allow these rumors to go unanswered and as a collective group will publicly clarify the facts again.

Jasper Tizzy was controlling shareholder in The Bank, AVC and CGI. The next major shareholder was avatar PatrickJ Ah and his alternate accounts.

On August 10th, in an effort to begin merger of all companies under the AVC umbrella, The Bank was merged into AVC.

A series of events then occurred essentially crippling these companies and bringing about their failure. These events are outlined as follows:

1. Lucia Bay is acquired by AVC for stock. 2. Xavier Hathaway (previous owner of Lucia Bay) sells a large amount of AVC shares at market price bringing AVC stock value from approximately 4L to under 1L. Continued frenzied sell off makes stock recovery impossible. It should be on the record that Xavier Hathaway went to Jasper Tizzy, essentially admitting he erred in his stock sale and was upset about his mistake. Jasper Tizzy, without a need to do so, returned Lucia Bay to Xavier Hathaway incurring cost of tier and fees. 3. Teanna Nomura sells approximately 800,000 shares of AVC stock during this frenzy. 4. Kristatos mall sim is sold by Teanna Nomura (Jasper Tizzy personally refunded renters who were evicted The Secondlife Newspaper FINANCE: Kristatos Mall Vanishes, Land Sold, Tenants Stranded).

These events leave bank depositors feeling uneasy and many opted to withdraw their cash from The Bank. As an example, one depositor, Rodders Holdago CEO of PLT Group and 8 Dragons bank withdrawing 2 million Linden Dollars said " After a cordial conversation with Jasper Tizzy of The Bank, PLTs CD of $2 Million was paid back in full. I would like to personally thank Mr. Tizzy and all the staff at The Bank for their outstanding service. They have always fulfilled its obligations, and I wish The Bank and AVC the very best of luck in the future." http://www.intlstockexchange.com/dis...&releaseid=231

As withdrawal requests increased, Jasper Tizzy in accordance with The Bank's policy to honor withdrawals without restriction, authorized sale of a portion of company land. This land, which was bought with capital from The Bank, was held by CGI rental group for management purposes. Mr. Corsi was on real world business and not as available as usual which some felt was an indication that he had left with money. He categorically did not. These blatantly disruptive accusations in combination with a death in Mr. Corsi's family resulted in his decision to leave Second Life. Mr. Corsi contacted Tobia Forcelli of VSTEX to have all stocks and company assets transferred to PatrickJ Ah. Blog - Vstex.net - Virtual Stock Exchange Trading of the stock was halted while this was arranged. PatrickJ Ah was required to add to group tier contribution to cover the remaining land held by CGI but never had to pay for this land. Mr. Corsi indicated to PatrickJ that PayDay was depositing money into The Bank to honor withdrawals and when this would occur. The Secondlife Newspaper FINANCE: Countless Galaxies Shareholders Meet, Mull Options. Jasper Tizzy then was gone was Second Life.

MrCentralGrid

Part 2 Central Grid defends association with Tizzy

network news email newsletter dallas at metanetworknews.tv


The events taking place after Jasper Tizzy's departure were never directed or authorized by him nor did Frank Corsi receive 1L from sale of any frozen asset or stock left behind. Below is a summary of the events following Jasper Tizzy's departure along with links to pertinent quotes made in the SL press.

PatrickJ Ah states that he takes his money out of The Bank. http://sl-newspaper-bnc.blogspot.com...ders-meet.html This occurs in conjunction with his knowledge of the timing of deposits meant to cover depositors. Some claim they were banned from bank land at this same time.

PatrickJ Ah unilaterally decides he will not combine all company assets to pay out investors. This essentially fractures the association between The Bank/AVC and CGI. PatrickJ says in response to a shareholder's idea of asset combination "I saw this person's point, However, I am not in favor of that." http://sl-newspaper-bnc.blogspot.com...ders-meet.html. Furthermore two days earlier PatrickJ Ah says "I want to move CGI forward. I want to turn this into a positive thing for SL if possible, instead of taking the land and selling it." The Secondlife Newspaper FINANCE: Ah Denies Receiving Tizzy Assets, Preserves CGI Assets for Investors

Mr. Corsi, upset that The Bank/AVC's assets were in essence usurped by CGI, used the alt Fredy Vita attempting to publicly expose this abuse. The Secondlife Newspaper FINANCE: Weekly Business Review - 30 Sept 07

A vote controlled by 6 people (two of which are PatrickJ and his alt) holding 89% of CGI is reported resulting in merger of CGI with BNT. The Secondlife Newspaper FINANCE: CGI Approves BNT Merger It bears noting at that time it was stated again that the plans were to hold the remaining land assets and not sell.

On September 30, 2007 Intlibber Brautigan is quoted as saying "Jasper thought then that BNT would be merged into CGI, not the other way around, and that probably would have been the case if he had not kept up his irresponsible policy of no withdrawal limits during the banking crisis. After the public had drained L$10 million from The Bank, it was a different story. We had discussed it a bit more, but then he left and Patrickj Ah took over and he and I negotiated and completed the deal we have today." The Secondlife Newspaper FINANCE: Weekly Business Review - 30 Sept 07 This we consider an admission that assets of The Bank/AVC and CGI were considered linked and therefore CGI land bought with money invested in The Bank was the property of AVC investors. Also please note even Mr. Brautigan admits that Jasper Tizzy didn't receive money but the public did. Mr. Tizzy didn't consider people withdrawing their own money as a drain.

Intlibber Brautigan of BNT sells all CGI land and uses all raised capital, 1.6 million Lindens for his own purposes. Quoting Mr. Brautigan "Proceeds of this liquidation amounted to approximately 1.6 million L$ at an average price of 6.5 L$ per square meter, slightly above SL average sale prices for the month. Capital from these sales went into several major projects of BNT: The Ancapistan Capital Exchange and http://www.ancapex.net, as well as the complete revamping, replacement, and rebranding of My Second Bank into BNT Financial (http://www.bntfinancial.com), as well as the further development of bntholdings.com, and the merger of Global Credit into BNT." http://ancapex.net/home/story/BNT/8

The facts are clear. The Bank/AVC investors purchased the land held in CGI and the companies were clearly linked. Jasper Tizzy adhered to an ethical banking policy whereby depositors had unrestricted access to 100% of their money at any time. The land sell off to honor these withdrawals was coincidental to his departure and he did not profit in any way from it. All stocks and remaining land were left in the care of PatrickJ Ah who unilaterally chose to disregard legitimate claim to the remaining land and stock value by The Bank/AVC investors and give the land to BNT which was promptly sold, contrary to their own plan of holding the land as assets, and used the money for its own purposes. It bears noting that the remaining land was developed and fully rented. This was income which would only strengthen company value. These renters by and large were evicted without notice or refund and objects autoreturned. The surprise, inconvenience and object loss incurred by these people due to the actions of BNT understandably added to the anger toward Jasper Tizzy as many of the renters were not aware of Jasper's departure. We also make clear that The Bank/AVC investors saw none of the money raised from the sell off which they had rightful claim to.

Central Grid Inc. feels the facts speak loudly and clearly in this matter. Central Grid Inc. is a legitimate real world corporation with Frank Corsi as one, non controlling owner. While some of those involved in these matters have continued to operate in Second Life using these same tactics, Frank Corsi has directed his experience, skills and real world reputation as a pioneer in internet development to move forward with Central Grid as a virtual world which is so much more than a game. It will be a platform that offers unparallel opportunities for business and recreation rivaling real life experiences. Central Grid Inc. has no affiliation with any of these people despite any assertions by them to the contrary. Any of those related to these affairs that may be in Central Grid are there in the capacity as any other server owner on the grid and has paid their way similarly. It should be clear that Central Grid has encouraged and worked very hard to stimulate resident based policies and standards to prevent the actions of some of these players from occurring in Central Grid and has a strong stance via its Terms of Service and mission to expunge illegal activity from Central Grid.

Central Grid Inc. understands how perceptions may cloud facts in these matters. However, make no mistake that Central Grid Inc. is a legitimate company moving forward to create the connection platform of the next internet wave. We operate ethically, legally and in full transparency. It should be reiterated that Central Grid Inc. is actively engaging early residents to form governance in an attempt to prevent events such as discussed here from occurring. We invite everyone to be involved in this exciting new project and welcome any questions regarding our company and our mission

Delicious Demar

uhm, it says that it is a statement from Mark King, not Barb Carson.

why don't you say something new instead of posting something from six months ago?

you know those kids who are smart mouths, and they get confronted by someone that isn't going to take their bullshit anymore? the forced grin on their face, the false bravado... when inside they're scared as fuck...

You ever met anyone like that, Frankie?

dd

MrCentralGrid

The press release was written by Barb and submitted by Mark King to the news.

Read the tone of the message, it is not my style as many here will agree to.

Fact is Delicious Demar is a loyal frind of Barb and will prob say anything in her defence.


I am ready for a court case, but I highly doubt she has a leg to stand on.
I have her emails, and chat logs from SL and Skype.

Delicious Demar

which, if true, is completely consistent with what she said in her original post:

"Despite recent postings suggesting that I knowingly entered into a part ownership agreement with Mr. Corsi and others in the Central Grid venture, the truth is that my involvement with this project was based upon numerous false representations made by Corsi and others. These false representations were specifically designed to induce me to invest my own personal funds in the Central Grid project."

In other words, you bullshitted her, she bought it and supported the company, only to discover that it was a house of cards and that she had been lied to from the beginning...

dd

Jessica Robertson

...and then I said to him you can't do that, I mean there is no way that he did all that stuff. But after a lot of that I had to go through to find out all of this stuff, I really had to
So then we were all about it but we weren't sure what we could do, so we over it and then at each other some. I think...




oh, what?

MrCentralGrid

She bought what bullshit? This was never any.

She had an estate and land before she was offered a FREE ownership position.

She paid Mark for her estate and land. After Mark left CG, Barb herself was the collector of tier payments and she paid the CG bills.

Never was any money sent to me. And still today, no money from CG is sent to me.

Carthalis

Carth

__________________


Carth's Blog Flickr twitter

Delicious Demar

Frank (or do you prefer that I call you "central"?) - you certainly can shovel the old windsong.

You are a history revisionist. Sadly, I think that you actually believe the recreated past that you spew out on the forums and blogs - with yourself always in the center - swimming in a pool of innocent sunlight...

But deep down, Frank, way deep down inside, you know what you did was wrong, and now it looks like it is all going to come out.

Yay!

dd

Vivianne Draper

tldr

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FlipperPA Peregrine

This is getting good!

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Peregrine Salon: Flip & Jenn's thang.

MrCentralGrid

LMAO Get the facts Delicious

She said basicly, if things dont go my way I quit.

And she quit.

Delicious Demar

Did you gag when you typed that? Having to type "loyal" and "friend" together must have been doubly difficult for you.

Yes, I am a friend of Barb's - but no, I would not say just anything in her defence. If I thought she was wrong, i would just keep my mouth shut.

Normally, I am pretty mild-mannered - hell - I'm Canadian! But you have really got under my skin with your bullshit.

dd

Ingrid

Tyche Shepherd

I used to think nothing was even close in awesomeness to this



But CentralGrid threads come a very close second

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Delicious Demar

so wait - you're saying that Barb never invested any money into Central Grid, and that you are not now a major owner of it? whether or not the money "went to you" - if you own part of the company - part of whatever it has is yours, no?

dd

MrCentralGrid

CG has 4 equal partners. I am one. There is no major partner.

Barb paid for an estate in CG and rented land in CG.

Never did she invest anything into CG for her partnership position.

Her estate fee paid was a onetime fee for life, and she can still use this estate in CG if she wanted to. Just like any other estate in CG. She requested that we remove anything with her name on it from the cg website. But her estate is still available to her.

We never told her to leave, she quit.

She researched the Jasper situation and wrote the above story to be submitted to the news.

Mark had to leave CG, and his percentage of the partnership was to be split even with other cg partners, she didnt think BigTonny and Pammie deserved the same as she had, and said if we didnt give her more % she would quit.

We voted and decided to split Marks share equal, and Barb quit.

Now 6 months later we see this thread.

Thats all there is to this story.

Ingrid

You guys I don't think anyone is actually reading any of this. Pretty soon it's just going to be lolcats and pictures of chickens dancing... hamsters playing soccer etc. You might want to save yourselves the effort frankly.

MrCentralGrid

Honestly, I like Barb and would still love to see her as a CG partner.
She has great skills and as you all know CG can use a good PR person.

Maybe she is mad that she quit, and wished she never did. I dont know.

The door is open for her to come back anytime.

Cristiano

Hey kids, I hate to interrupt, I just wanted to remind everyone that you are responsible for what you post, including legally. There are a lot of accusations and counter-accusations and threats of legal action. In light of that, it is probably not wise to be airing all of this in public. However, given what a spectacle this has all been so far, perhaps the publicity, however negative, is what it is all about. Carry on.

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"How do you defame someone who has been arrested in three different Chuck E. Cheeses?" - 30 Rock