Unbonbom Aabye Looks to Take Over RCP and VLADA Simultaneously

Unbonbom Aabye, the outspoken CEO of Aabye Fundacion Public (AFP : VSTEX) and wide market participant, has simultaneous proposals on the table to take over the recoverable assets and corporate directions of Royal Chartered Properties (RCP : SLCAPEX) and Vlada Fine Furniture and Fixtures (VLADA : ISE).

RCP(SLCAPEX) has been long beleagured, with it's last formal announcement coming on June 3rd, 2008, two days after paying it's only dividend of L$0.0525 per share. RCP(SLCAPEX) was pulled from the SLCAPEX trading floor on October 20, 2008, and while CEO Kavai Onizuka is still active in Second Life, there has been no published or publicly available communication with the Onizuka in quite some time. Onizuka recieved media attention from TheStreet.com in 2006 with his issuance of Second Life's first Bond Instruments.

RCP(SLCAPEX)'s IPO closed in a blazing seven days, and a month later management requested institutional or angel investor infusions as their cash reserves were not sizeable enough to allow further expansion. On June 3rd, 2008, along with the formal announcement and immediately following the dividend payment, Onizuke placed 1,000,000 shares of RCP on the open market for L$1.03.

On September 21st Eatsome Donat revealed on the RCP(SLCAPEX) forum, "I remeber this was a (banned/fraud) stock trading at World Stock Exchange before named "Kavai Conglomerate Group" (formerly TFI) with Nicholas Portocarrero ,a well known fraudster of a SL bank named "Ginko" as a Director and same CEO Kavai Onizuka as this RCP company."

Sportsbet Writer announced on October 7th, "After some reasearch I found out that RCP invested in 44 Open Space SIM´s about two months ago and are doing very well overall." It was at this time that both Sportsbet Writer and Unbonbom Aabye began to lead the public outcry for Onizuka to come forward with company news, post financials, or give any attention whatsoever to shareholders. Aabaye owns 1,400,000 shares of RCP(SLCAPEX) and is the second largest shareholder with 14.7%.

It was well documented that while Onizuka refused to respond to any sort of communication with shareholders, he was very willing to discuss projects and jobs with other people, and logged into Second Life almost daily. No resolution has come of the RCP(SLCAPEX) situation since the latest round of inquiry in late October, early November 2008, aside from permanent Delistment.

Then, on November 30, 2008, Aabye stepped forward with his proposal to take over the CEOship of RCP(SLCAPEX). Bogart Beck, SLCAPEX CEO, responded to the proposal with, "I'm not sure what you are actually proposing here. RCP has already been delisted and no longer trades. Kavai had NO L$ on deposit here or any other Company's shares held here. To our knowledge he has no funds on deposit at other Exchanges. What BUSINESS PLAN and REVENUE STRATEGY are you presenting? What ASSETS do you control that you are contributing? I read today that you are also attempting to pursue control of a company currently listed on ISE... for what purpose? Again, with all due respect, I have no idea what you're proposing or asking us to do here."

Aabye has extensive holding in many companies across all four exchanges. He is the number one public shareholder in the VSTEX companies PBA(VSTEX), IBF(VSTEX), GRP(VSTEX), CEO and number one shareholder of AFP(VSTEX), and the fifth largest shareholder of SLT(VSTEX) and in the top ten of MED(VSTEX), DWF(VSTEX), MDN(VSTEX). On the ACE he is the number one outside shareholder in VI89U(ACE), VFBIF(ACE), and on the ISE, number one outside shareholder in VLADA(ISE), and top ten in BAM(ISE). On the SLCAPEX, aside from being the number one outside shareholder in RCP(SLCAPEX), he is also in the top ten in HOT(SLCAPEX) and KDC(SLCAPEX).

One challenge that Aabye faces is a language barrier, as he is Spanish and his messages translated into English are often confusing. There has not been a coherent "going forward" plan aside from Aabye's desire to ressurect RCP(SLCAPEX) as a renamed Fundation Aabye Market (FAM), whose prospectus was made public yesterday in Aabye's combined IPO/Merger plan. A few shareholders of RCP(SLCAPEX), including Sportsbet Writer, have advocated his plan.

The similarly beleagured VLADA(ISE) was released to open trading on the ISE in October of 2007, and focused on creating furniture and accessories and a luxury line geared toward finer and fashionable high quality furnishings. VLADA(ISE) paid five dividends since inception for a total of L$0.04, and made 21 press releases before being abandoned by CEO Runeswan Ceawlin, who is, by all accounts, still active in Second Life, similarly to RCP(SLCAPEX)'s Kavai Onizuka.

Unlike RCP(SLCAPEX), VLADA(ISE) is still being traded on the open market, and a recent 741% price increase drew interest among investors when it was realized that shareholder Unbonbom Aabye was buying up significant portions of the beleagured firm. VLADA(ISE) has a historic high of L$4.88 a share and a low of L$0.12, with an average of L$0.77 and is currently trading at L$1.01. VLADA(ISE)'s last dividend and press release were posted September 9th, 2008.

Andy Grant, director of GDB(ISE), questioned the logic of Aabye's moves with VLADA(ISE), "Well, based on last available financials VLADA made L$1430 in august...Split on 650000 shares this gives us a EPS of 0.0022 in other words it will take 459 months of 1430 L$ per month to return the investment (at 1.01 L$ per share), which is only 38 years."

Aabye then proposed that he take over as CEO of VLADA(ISE), to which investor Yanik Lytton asked, "I don't get it. Rune is making furniture. Will you be making the furniture at her place? Will you hire her? Are you buying her inventory full perm, or just the store name?"

Aabye responded by pointing to the fact that CEO Ceawlin had asked as far back as June of this year for help in either changing the direction of VLADA(ISE) or selling the company completely.

Duke Mercy is a detractor of Aabye's proposal, "Basically he's opting to circumvent ISE's IPO process by the looks of it. He wants to take over a company and turn it into something completely different."

Itchy Gamba seems to have gotten to the core of the issue moreso than any other observer on either exchange, "Sounds like a hostile takeover but a very strange one as he doesn't want the company assets just the shell, probably would have been better to just fill out an IPO application. Although part of his interest seems to be in trying to save VLADA so there is not another stock failure."

Aabye has also proposed changing the name of VLADA(ISE) to Virtual Public Markets(MVP).

Whether Aabye will have success with either exchange in taking over the beleagured firms is uncertain.