The blog is now "hidden"

Instead of making this blog private, which means you have to be invited and logged in, it is now hidden from search engines. This means that "everyone can still view your blog but search engines will be instructed not to crawl it." This allows all who know about it to still view it, but no potential clients should be able to find it in their researching of First Capital S&L. Since that seems to be the purpose of making it "private", I think it is a good solution. Please feel free to google it with various search engines and let me know if it is working. If we need to change it to invitation only we will.

There are now two First Capital S&L blogs, this one and www.firstcapitalslprivate.blogspot.com. The purpose of this one is still to allow everyone, including Jeff and his employees, to communicate without serving as an information source to new investors, for now. The private blog is for everyone other than Jeff and his sources to communicate and form a contingency plan for Jan 5th.

Update - better late than never

Dear First Capital S&L Clients,

It has now been a little more than 5 weeks since my last update went out. I did promise to have an update to you after 4 weeks of time, so I am a bit late.

I have been extremely busy with getting this Titanic of a business turned around and going back into the right direction. There is still a lot of work for me to do, but I am back on track and heading the right way.

The first thing that you should know is that I have cut out all other projects and side-tangents so that I can completely devote my time to getting FCSL back to the way it once was. We have 4 great years behind us and I won't see that all go to waste.

I am working to get all of our clients their principal paid back or at least back on track with monthly payments. I say it that way because I have received many, many emails over the last couple of months from clients who do not want us to stop our monthly payment program. They would prefer that we try to pick up from where we left off, if at all possible. I intend to repay/or get monthly payments going again, for all clients, before the January 5th date, if at all possible.

In regards to either paying back all of your principal or starting monthly payments again to our clients; I would like to take a short survey from each one of you to find out what you are thinking. To sort through all of your emails will mean a lot of work for me and my team.

However, I really would like to find out what you are thinking in regards to FCSL returning your principal, verses that of starting monthly payments again. Please watch for a separate email to come to you in regards to that survey. It will be self-explanatory.

Last week, I was ready to send out an update to everyone. Honestly, I would not have had much to say except for the fact that I am still right here in Panama and that I am steadily working towards getting back on track. It was due to be a simple communication to let you know that I am here and that I am doing what it takes to make things right with you.

As for the few investors out there who have been working with my advisor, I assure you that I will make every attempt to return your funds before January 5, 2009 and for the rest of you look forward to the 5th. I will at that time take the steps necessary to return your principal. Once completed, I will send your interest, in full, as soon as is possible.

Thank you for your extreme patience. I just want you to know that I am working 200% to get us back on track again!

Sincerely,
Jeff Lowrance
First Capital S&L

FYI

This is the brief message sent from accounting when a client requested a withdrawal. All of the messages coming out of First Capital Savings and Loan points to Jan. 5th, 2009.

"All wires are on hold until January 5th 2009, as per the last major updated."