Embattled CEO Travis Ristow Tries to Right Ships

BCX Bank (BCXS : ISE) and BCX Acquisitions and Mergers (BAM : ISE) have been hit hard by changes in Linden Labs policy over the course of the last year, and CEO Travis Ristow has put a great deal of effort into keeping both publicly traded securities viable.

Insouciant Yue summed up Ristow's dilema succienctly in a public statement on November 9th, "I gotta feel for Travis here, he (and he admits with hindsight it was bad) put his RL into SL and vice-versa (SL became his RL job for a while as he forsook RL RL jobs and opportunities), but he is trying to "make it right to those in SL who entrusted resources to him". On the other hand, many of us have been hurt in losses (personally I think by LL inane "musical policy chairs - SOMEONE is going to be left out with every round") and Travis becomes a target by popping his head up, even if just to give us progress news, etc."

Duke Mercy, the outspoken investor, was quick to respond, "He barely gives news, that's exactly the problem. I doubt Linden Labs has all to do with it like you say."

Unbonbom Aabye echoed the same sentiment, adding, however unfairly, "The company is the only bump in all markets, 5, which does not make monthly reports, over 50 companies in the market."

Nevertheless, BAM(ISE) and BCXS(ISE) chug along, trying to correct the course that both companies have floundered on.

"We have launched the Bizconnects.com website and the uptake so far has been amazing," Ristow stated back in October, "We still have some growing to do & changes to make as time goes on - as this was not exactly what the initial project looked like, but as of this moment I am exceptionally happy."

"BCXS Will hold 10% of the Bizconnects Company - This 10% comes from my personal stake in the company. BCXS will Hold this stake for the period of 1 YEAR. My recommendation would be to split the proceeds into 3 categories: Dividends, Share Buyback, and Future investment. By doing this I believe that we can rebuild the company - and once again make it self reliant and productive."

Ristow updated on BCXS(ISE) status earlier this month, "So far based on what I have seen there is profit. Exactly how much that will be will not be clear until financials are done. I fully expect that along with a share retirement of around 500K shares we just may see a dividend for the first time in many many months."

BAM(ISE) has been trading since February 11, 2008 on the ISE and has seen trading highs of L$21.00 and an all time low of L$0.05, with an average share value of L$12.47 and an average daily volume of 15,532 shares. Currently BAM(ISE) is trading for L$7.00, and has paid L$0.23 in dividend in one payment, with only three press releases over the course of that time.

BCXS(ISE) has been trading since October 15, 2008 on the ISE and has seen trading highs of L$.30 and an all time low of L$0.03, with an average share value of L$0.17 and an average daily volume of 3,327 shares. Currently BCXS(ISE) is trading for L$0.16 and has not paid a dividend or made any press releases over the course of that time.