Crystal Springs Land and Loan CEO Skip Oceanlane responded today to numerous untrue statements made about him in Konner McDonnell's AVC report.

McDonnell Statement #1: "VSTEX provided me a log between Canning and Skip Oceanlane regarding a potential acquisition of AVC by Oceanlane. Oceanlane confirmed the negotiations. The terms of this arrangement involved Oceanlane's purchase of Monkey Canning's shares. After this, all shareholder shares would be "converted" in a "retooling" process that would allow Skip to obtain ownership of the company. Such a process would give Canning full value of his shares, while other shareholders would have their shares "configured." As a matter of shareholder interests, I find this evidence of self-serving interests."

Response: This statement is absolutely ridiculous.  After getting rid of Monkey Canning as AVC CEO as quickly as possible by buying him out with HIS OWN MONEY, Skip Oceanlane was going to add assets for FREE to AVC, as well as loan the company at least L$1,000,000 to help get things going again.  Oceanlane got involved to try and stop a major headache for Vstex, as well as AVC shareholders.  The goal of Oceanlane was to get 51% of shares for himself so he could directly control the direction of the company and to start paying dividends on a monthly basis without interference.  This was going to be done by buying other shareholders shares as well as adding a small amount before the restructuring.  He was aware that there were numerous alt av's holding stock, and didn't want these scammers to impede the new company's progress.  For Mr. McDonnell to say that Oceanlane proposed this for "self-serving interests" is simply a shameful, ignorant statement.  The end result would be less total company shares with a higher asset per share value for everyone involved.  Mr. McDonnell clearly has no idea what he's talking about, and should apologize to Skip Oceanlane immediately for saying what he was doing was for self-serving interests.

McDonnell Statement #2: Oceanlane’s interests in AVC were never made public. Tyrian Camilo’s interest in WJUV was never made public. Only the "acquisitions" had been made public. There is a pattern of leaving shareholders in the dark until the completion of transactions that were personally-beneficial.

Response: Refer to www.sl-newspaper.com - Sunday, March 2, 2008 Article titled, "CSL AVC Offer Withdrawal Linked to Tizzy Involvement".  The article was also here: www.rssmixer.com/sln_test_2 , well as many other "public" places on the internet.  I guess Mr. McDonnell considers CSL press releases that are made public, well,..not public.  Wrong.

McDonnell Statement #3: This is in lowercase because it is a matter that I cannot confirm due to the sole source being VSTEX and the committees promises to regard one-sided information as suspect. However, within our records is a chatlog between Canning and Dawes where they discuss Skip Oceanlane’s offer. One party informs the other that "Frank" informed them that Skip Oceanlane is actually Investor Merlin. There is NO evidence to suggest this claim, but if Dawes felt this possible alter ego represented a threat to AVC shareholders, he is wrong for pursuing the negotiation until Skip Oceanlane backed out. I’ll note here that Oceanlane informed me that he backed out after being informed of "Jasper Tizzy’s involvement." I did not pursue the meaning behind this statement. 

Response:  Mr. Donnell, what don't you understand?  Jasper Tizzy robbed people of thousands of dollars through AVC, as well as other scams that are not related to Second Life.  Skip Oceanlane wanted nothing to do with something Jasper Tizzy is involved in, so that's why he dropped his AVC bid. 

And as for the Jasper Tizzy deliberate lie about him being Investor Merlin, we'll address that now.  Investor Merlin is not Skip Oceanlane.  Investor Merlin lives in New Hampshire, and Skip Oceanlane lives in New York.  Every stock exchange has both their real life information, and can verify this at any time, if they haven't already.  Skip Oceanlane worked at his bank for about 3 months, and was in the same workplace with him daily with both av's on at the same time typing to different people.  There are hundreds of people that can attest they aren't the same person.  I'm glad you at least stated "There is NO evidence to suggest this claim."  Most importantly, Skip Oceanlane has recovered thousands of Lindens for former MIBank  depositors, and has a proven track record of paying out profits to investors, and as being an honest person overall.  Skip Oceanlane  also paid back over L$2,000,000 in Crystal Springs Land and Loan bank deposits only 8 hours after Linden Lab's banking ban.  Investor Merlin stole peoples Lindens and left a mess behind for Skip Oceanlane to clean up.  Case closed.

Mr. McDonnell, your report should be immediately amended to correct these false statements.  It appears that spelling his name correctly is about the only thing you got right about Skip Oceanlane in your report.