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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Wed, 7 Jun 2009 20:28:00 +0000

The 2nd BMBE IPO is now closed.

I recommend checking out EGSE if you are on the lookout for BMBE shares.

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Wed, 7 Jun 2009 20:23:00 +0000

(#4 - 2006.05) BMBE Shareholder Report

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Wed, 7 Jun 2009 09:47:00 +0000

Originally by: tarnisher
hey ts

i sent isk on the 30 of may for 3 shares did you forget to send over the shares or are they just sold out?

I've unfortunatly been rather sick for the past week+, so havent been online much.

But no, shares are not sold out (unfortunatly )

I hope to get the next shareholder report released some time later today.
And likewise the dividend payout.

I'll link it here once its up.

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by tarnisher

Wed, 7 Jun 2009 06:14:00 +0000

hey ts

i sent isk on the 30 of may for 3 shares did you forget to send over the shares or are they just sold out?

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Barbicane

Wed, 7 Jun 2009 05:16:00 +0000

Hiya TS, how is the IPO going?

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Anyanka Chantais

Thu, 1 Jun 2009 12:17:00 +0000

cash sent for 3 shares. this looks like a really valuable investment to get in on the ground floor of; the empty coffers just tell me there's a massive client demand. i only wish i'd been in on the 1st round and saved the 6 million from the price jump

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Aaro'ne Erviale

Thu, 1 Jun 2009 05:43:00 +0000

Hi TS,

if any shares left, why not sell them through the EVE Galactic Stock Exchange [EGSE]. Currently no orders available, but some investors eager to invest are allways present

Greetings,

Aaro'ne Erviale
CEO of EVE Galactic Stock Exchange

Quote:
As a buyer and seller of shares this is the place i want to be.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Kresnik Tsuki

Thu, 1 Jun 2009 05:32:00 +0000

Edited by: Kresnik Tsuki on 01/06/2006 05:33:07
I would also like to know if all shares where sold.

Also how would one go about buying shares lol. I'm new to all this.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Wed, 31 May 2009 18:52:00 +0000

They sold yet?

<><><><>

Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Soul Redemption

Mon, 29 May 2009 18:03:00 +0000

<---- [proud owner of bimbo shares :D and ipo 2 :D

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Baun

Mon, 29 May 2009 17:13:00 +0000

The profit was higher than the IPO indicated though .... i think.

In any case the interest rates have changed.

Just curious what the profit expectations are total for the course of the existing loans.

The Enemy's Gate is Down

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Mon, 29 May 2009 09:14:00 +0000

well as there is no isk returned back into corp, the isk per share will be the same as ipo 1, only more of us will get the isk :)
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Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Baun

Mon, 29 May 2009 05:26:00 +0000

Can you do some profit projections per share since all the isk has been loaned?

The Enemy's Gate is Down

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Sun, 28 May 2009 19:55:00 +0000

BIG has just purchased 38 shares, in order to cover a new loan of 8B ISK (RIFL/10 weeks).

Which means - The BMBE is again all out of ISK....

118 shares left.
BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Sat, 27 May 2009 20:30:00 +0000

How many shares left Torn?
quicker they sell quicker i get my moolah
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Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Fri, 26 May 2009 16:44:00 +0000

Raise them to high and you run the risk of letting other banks steal our biz.

i think the interest is fine for now, but as previously mentioned, i think Torn might want to look into re-jigging the profit ratios a bit.
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Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Baun

Thu, 25 May 2009 15:36:00 +0000

Originally by: TornSoul

Just doubt shareholders will be willing/able to actually buy that amount of shares.
Ie. I think the BMBE will have lots more demands for loans than it's able to offer for quite some time to come.
Quite frustrating...

Simple Solution;

Raise interest rates. This will decrease demand to a supportable level and increase profits.

The Enemy's Gate is Down

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Elange4

Thu, 25 May 2009 14:41:00 +0000

TornSoul,

Cheers, 2nd IPO almost fully subscribed, tho I have some ideas on how to mangae the next one...

Dont jump down my throat too quickly, as I've laid out every thought here in relation to the others.

That said;

If you decreased the BMBE "managemnet fee" by half, accordingly dividends would go up by 50%; there is a big, big difference in 4% dividend per month and 6% - part of it being the threshold of the EIB, and soon to be copy-cat, financial district companies' rates on savings accounts.

By the Rule of 72, 4% dividend takes 18 months to double your money (shares paying for themselves); 6% means only 12 months. That is half a year and quite substantial.

Similarly, if the demand for loans is soaking up the available pool of funds raised by the BMBE IPO's, then an increased dividend could just as easily be accomplished by raising the Loan Rates.

Ofc, at the moment, for simplicity's sake, if rates on your loan packages go up 1%, dividend goes up only 5% (discounting the curretn dicscussion here about a form of Retained Earnings).

If you raised the Loan Rate by 1% (since there is not enough money to satisfy them all, price should go up - when current loans are phased out - supply and demand) AND if you cut BMBE mangament fees by half, then dividend would be 7.5%. An IPO, or future IPO's by BIG/BMBE/TornSoul & Co. would sell out like no tomorrow.

Take those steps and you could easily, - really, easily - triple or quadruple the original IPO Market Capitalization very, very quickly. Tripling alone means that BMBE would be making 1.5 times the original Mangament fees, and beating every financial alternative too, plus satisfying more of the corps that need the money.

It's a Win-Win all the way around.

I mean, do you remember the nightmare of Logistics that the original Business Plan revolved around? You were going to value each and every ship and module that people brought to you - ALL of it, regardless of size. That meant you needed to pay a lot of staff.

The current method, with large sums and few clients means that it *should* be much easier to handle. (I ofc qualify that on future discussion.)

It just appears to me that BMBE is relying too much on it's profit margin's status at the expense of it's own development as an asset of BIG...

(EMFi Manager/Naphtalia are going to fight me on the numbers, but the principles are very sound)

I know this is by no means a democracy. But from a business perspective, please consider what I am saying. Personally I have not re-invested since the original IPO for the sole reason of the Dividend Yield being so low.

I have chosen higher yields with more volatility, but I am diversified, so it comes out in the wash. Also with that Volatily comes a commensurate Upside Profit Potential - if busines is good, I get more; as BMBE's rates will always be the same (no matter at what level) per customer, this is not available as a selling point for BMBE's IPO(s) (lets hope many of them)...

Thanks; sorry for the length of the post.

--Elange4

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Wed, 24 May 2009 22:46:00 +0000

Edited by: TornSoul on 24/05/2006 22:53:44
Theoretically - It could happen in a months time, for one of the loans.

Remember that all of the RIFL and RISP loans are 8 weeks minimum.
(RIFL loans pays back a part of the actual loan each week - Theres however only one of those atm - and its fixed at 15 weeks)

It will however be very very few who'll be able to pay back in that time.

I expect most loans to run between 12 and 16 weeks (and some even longer)

-------

Eventually I expect the BMBE to find it's 'equilibrium', where the need for new loans are met by ISK beeing released for loans paid back.

As it looks now however, for that to happen we'll need *alot* more ISK.

I can easily see the BMBE 'beeing worth' 1000B ISK in a years time (shares sold - and ISK needed to operate fluently)

Just doubt shareholders will be willing/able to actually buy that amount of shares.
Ie. I think the BMBE will have lots more demands for loans than it's able to offer for quite some time to come.
Quite frustrating...

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Wed, 24 May 2009 21:34:00 +0000

how long till the first loans start to come due and the loan fund starts to get it's capital back?

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Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by EMFi Manager

Tue, 23 May 2009 23:10:00 +0000

Originally by: TornSoul
Originally by: Mr Ratty
would also slow down the need for a 3rd ipo

Sadly, by far not fast enough though.

Supply and demand.. at 2.5-3.5% interest there are people lining up to take loands.
but at 50-60% of 2.5-3.5% there aren't people lining up (too much) to loan out isk.. BMBE is the middle man really in the EVE interest market. Make it more attractive for people to loan out their isk (higher interest or higher percentage of interest as dividend) make the share work at > 7% (which it isn't now) and people will be throwing isk at you.

I made a big investment becuase I belief that TS will make the share more profitable then it can be now and I am in on time. But at these terms demand for loans > people willing to loan out.

Good luck though!

Alt of Naphtalia
EMFI General IPO is CLOSED!
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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Tue, 23 May 2009 22:32:00 +0000

Well if i'd won the 500 mill last night instead of that other ratty youd have 10 less shares to sell off LOL.

now the big lottos is out the way for a couple of weeks, maybe giving this thread it's daily bump allowance would help, the thread gets burried so fast :(

i saw a petition somewhere to get a new section for stocks and shares added, i need to go find that & stick my x on it
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Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Tue, 23 May 2009 17:46:00 +0000

Originally by: Mr Ratty
would also slow down the need for a 3rd ipo

Sadly, by far not fast enough though.

Sadly - Because it's getting really frustrating having to turn away clients, due to lack of ISK (due to lack of sold shares).

Over the last week or so - I've had to turn down in the region of 40B-60B worth of loans, as the ISK simply isnt there....

The word seems to be spreading that the BMBE is the place to go to get a ISK boost.

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Tue, 23 May 2009 17:30:00 +0000

Originally by: EMFi Manager
I am really hoping that BMBE will think that 1b/month is a LOT of salary and will do a 4/3/3 or even 4/2/4 split.

Torn and BIG have allways been fare, i'm sure they will look at the salery if it is to high, i would agree that it does seem a trifle large, but the loans have only just started picking up the past few weeks.

the 4/2/4 would really make the share price rise!!, it would also slow down the need for a 3rd ipo, as there would be a lot of reinvestment in the company, once the share prices start to rise, it makes a new ipo harder for Torn to issue, we had some issues with this one as the shares were worth 52.....
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Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by ThePoet

Tue, 23 May 2009 00:09:00 +0000

i personally own 6 shares and am getting the money together to buy a couple more. this is in no way respresentative of my views of the BMBE but I read about how the french tried to build the panama canal and went on share selling sprees, including lottery shares where the shares themselves were also tickets to a lottery. the whole thing went belly up leaving generations of french in destitution. it's just kind of funny seeing the kind of drive for the shares to sell. At least in this case there is transparency in the organization as well as proven income.

Regardless I will scrounge whatever I can to get an even 10 shares :D

Please resize your signature graphic to be smaller than 24,000 bytes in filesize - Jacques

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by EMFi Manager

Mon, 22 May 2009 22:32:00 +0000

Edited by: EMFi Manager on 22/05/2006 22:32:27

Originally by: Baun
If 40/40/20 was implimented after the May dividend was paid out, how much would the isk reserve grow per month?

(my opinion)

On average:
30% @ 2.5%
70% @ 3.5%
avg: 2.85% / wk
88b loaned: 2.508 interest/week

Per week:
1.005b dividend (1.14%/week dividend)
1.005b salary
502m capital growth (0.5%/week growth)

Month 1:
4.6% Dividends
2.3% Growth

Month 2 (assuming all extra capital gets loaned out percentage on original investments)
stockvalue = 102.3%
dividend = 4.7%

Month 3
stockvalue = 104.6%
dividend = 4.8%

Month 4
stockvalue = 107%
dividend = 4.92%

Month 5
stockvalue = 109.5%
dividend = 5.03%

Month 6
stockvalue = 112%
dividend = 5.15%

Month 7
stockvalue = 114.5%
dividend = 5.3%

Month 8
stockvalue = 117.1%
dividend = 5.4%

Month 9
stockvalue = 120%
dividend = 5.52%

Month 10
stockvalue = 123%
dividend = 5.65%

10month return on investment: 177%
not the greatest but what you can expect with 2.5/3.5% and 4/4/2 split.

I am really hoping that BMBE will think that 1b/month is a LOT of salary and will do a 4/3/3 or even 4/2/4 split.

Alt of Naphtalia
EMFI General IPO is CLOSED!
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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Blastomy

Mon, 22 May 2009 21:59:00 +0000

Just Sent isk for 15 shares and am scrapeing more toghether for more.

===========================================

Originally by: Intanmika
how do u reach level two in the game?

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Baun

Mon, 22 May 2009 21:09:00 +0000

If 40/40/20 was implimented after the May dividend was paid out, how much would the isk reserve grow per month?

The Enemy's Gate is Down

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by EMFi Manager

Mon, 22 May 2009 18:12:00 +0000

come on guys BUY BUY BUY!

Alt of Naphtalia
EMFI General IPO is CLOSED!
[url

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by EMFi Manager

Sun, 21 May 2009 22:15:00 +0000

Edited by: EMFi Manager on 21/05/2006 22:15:48
Purchased a lot of shares don't forget these shares are cum-dividend and pay out in only a week for 88b loaned out in interests of mostly 3.5% / week.. these are possibly the most secure well paying shares in eve.

Anyways, glad to see that almost 80% of the 2nd IPO is sold out.. I think they will sell out really fast.

Alt of Naphtalia
EMFI General IPO is CLOSED!
[url

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Banni Vinda

Sun, 21 May 2009 20:59:00 +0000

Made a purchase earlier. ISK was wired across to TornSoul, and shares sent back within a few minutes. Thanks for the prompt service.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Sun, 21 May 2009 18:48:00 +0000

Thanks (once more) for the kind words Barbicane.

And a highly needed share sale as well.

I spend most of last night trying to raise soem more capital (by selling shares) to cover some of the large loans the BMBE has pending.

I managed to raise enough to cover 30B worth of loans - But only just.
Without Barbicanes purchase we'd have been short a few hundred mill.

As you can see from the updated post title 'only' 252 shares are now left.

This is almost becomming a shareholder report now

But I'd very much like to point out that, to date the BMBE has sold shares for a total of 88.336B ISK and that 88B ISK have been loaned out to customers.

Leaving just 336M ISK

So now you can see why Barbicanes purchase was needed

The message above is twofold

- Close to alll BMBE ISK is earning interest, and thus dividend for the shareholders atm
- We *really* need to get those last 252 shares sold, as theres only a measly 336M ISK left in the BMBE to loan out...

So do grab those last shares gents, the BMBE has plenty of loans lined up that needs the ISK

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Barbicane

Sun, 21 May 2009 17:48:00 +0000

I would like to show my support for this project by buying 10 shares please. The isk (520M) has been sent to TornSoul.

This is the only IPO in the EvE universe that I have dared investing in so far, and the reasons are:

- The service provided is unique, useful, and could not be carried out by just anyone (for trust reasons)
- TornSoul/BIG has a long record of running major projects and has gained my trust.
- The business idea has already proven itself to work and my own corp, The Gun Club, might very well want to use the services of BMBE one day.

Good luck with the rest of the share issue. (I believe IPO is not the correct term here, but who cares )

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Archa

Sun, 21 May 2009 10:26:00 +0000

Originally by: TornSoul
Originally by: Baun
40/40/20 split seems like a good idea.

It would decrease the problems with issuing new pulbic offerings whenever the isk amount is maxxed out and it would increase the value of the company over time. Furthermore, it can be implimented easily.

I kinda like the bolded bit.
Havent thought of it that way before tbh.

I'm inclined to go this route - It will however not happen right away.
I wont thinker with the dividends of May.

At the end of the month we'll see how things look and re-visit the subject, and perhaps implement it for June (no gurantees though, we'll have to see)

glad to hear that you have ears for these kind of ideas torn, because personally, i think it's perfect and it will cause the shares to get additional value on top of the divident payout.
In my personal oppinion, the sooner you implement the 40/40/20 system. the sooner these shares will become popular in the stock market.

i'll buy another 10 stock on top of the 10 stocks i already had. I forsee a bright future.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by F FLETCH

Sun, 21 May 2009 08:16:00 +0000

Isk sent for another 17 shares and a free bump!

F Fletch

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Sun, 21 May 2009 00:31:00 +0000

Thanks alot for the "testimonials" guys.
Means alot to me personally.

------

Also - It seems the BMBE is really starting to take of.
Sadly share sales arent...

I currently have requests for (additional) loans in excess of 40B ISK.
Which by far outstrips the ISK made via the sharesales of this IPO round....

Had all shares been sold, the BMBE would be able to close those loans, but with less than half of the shares sold, it's simply not possible...

This really needs to change within less than a week, or those potential loans will simply end up as missed oppertunities...

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Fri, 19 May 2009 21:54:00 +0000

I've dipped my toe in a few IPO's over the past month, but i put more in BIG than any other by far (half a bil), the only dealing i've had with BIG have been trustworthy and very profitable, i see no reason for either of those to change :)

It can be hard to trust peeps in EVE due to the distance, you can never really know what the person your talking to is thinking, but BIG and Torn specificly i do trust with my (almost) hard earned isk.

If you feel you can make more isk elsewhere (and i don't doubt you can) more power to you, but i'd rather earn less from a trustworthy source than have to worry if my isk is going to vanish.
<><><><>

Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Simon Meyer

Thu, 18 May 2009 20:38:00 +0000

Quote:
Are you kidding me? The dividend was less than 2% over the period of 3 months!

Do you know that the profit you mention was all made in one week!. After the changes made in the security acepted for the loans, making the business model a lot more atractive.

Quote:
plenty of corps offer much more than that

Do they offer the same level of credibility BMBE offers, with the same kind of protection and saf_eguards for the corporation capital?

Time will tell if those corps remain in a couple of months time

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by trong

Thu, 18 May 2009 12:01:00 +0000

Originally by: Simon Meyer
I've got my shares :)

It has one of the best dividend payout of the shares currently on the market
BMBE shows a promising future

Are you kidding me? The dividend was less than 2% over the period of 3 months!
And their projected dividends is under 5%, plenty of corps offer much more than that.

Uninformed investors ftl

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Callie Nefarious

Thu, 18 May 2009 11:56:00 +0000

whats the ingame link for the BMBE anyways?

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Shimpu

Wed, 17 May 2009 20:53:00 +0000

I think the main reason why there are still shares left ist that many people don't even know BMBE exists. I think that most potential customers know about BMBE because they read the proper forum areas and stuff, but the joe doe player is unlikely to bump into BMBE. Maybe you should hire some noob chars / alts to spam the announcement in jita and other trade hubs, hire the goonies :D

P.S.: This thread also needs more bumps

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Simon Meyer

Wed, 17 May 2009 18:13:00 +0000

I've got my shares :)

It has one of the best dividend payout of the shares currently on the market
BMBE shows a promising future

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Baun

Wed, 17 May 2009 16:23:00 +0000

Originally by: TornSoul
So - Heres some firm info

Two BMBE loans have just been closed today.

One for 7B and another for 11B.
First @3.5% and expected to rnu for 8 weeks, and the second a 2.5% loan to run for 15 weeks.

So additional income for the BMBE ensured for quite some time into the future.

But we really need to get some more shares sold now...

Sounds pretty good, don't know why you are having trouble moving the remaining shares.

The Enemy's Gate is Down

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Tue, 16 May 2009 22:29:00 +0000

So - Heres some firm info

Two BMBE loans have just been closed today.

One for 7B and another for 11B.
First @3.5% and expected to rnu for 8 weeks, and the second a 2.5% loan to run for 15 weeks.

So additional income for the BMBE ensured for quite some time into the future.

But we really need to get some more shares sold now...

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Sun, 14 May 2009 21:52:00 +0000

Well - I understand where you're comming from Baun.

The thign is, I get 'lots' of inqueries about loans.
Many are just that - Enquiries.
Others are genuinly in need, but only if they win auction X.

Basically I prefer to not 'announce' anything until a deal has actaully be struck (and the ISK loaned) - Simply to not give the wrong impression.

Might end up getting accused for 'hyping' it otherwise :-)

What EMFI refered was simply some chatter we had, and not something I myself would like to state as a direct 'announcement' of the state of affairs.

It caries a different weight when it comes directly from me...

That said - It would seem that a new 11B loan have been secured.
Only a matter of getting the BPo to be used for security out of production (2 days) and that should be it.

The aforementioned 30B loan - Seems to have moved a bit further into the future - 3-4 weeks (mostly due to the person in question beeing too busy in RL atm etc. to do what he plans to do with the ISK)

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Baun

Sun, 14 May 2009 01:13:00 +0000

Originally by: EMFi Manager
Edited by: EMFi Manager on 14/05/2006 00:56:13
I have had a long chat with TS. at the moment most of the isk is loaned out (estimate 40b) there is 1 interested party for 30b who they can just about help (or just not?) with teh shares being sold so far.. however the contract for 30b isn't signed yet.

Over 400 shares sold now btw :P

Right well I this may sound odd .... but I asked the question because I knew the answer ;)

The Enemy's Gate is Down

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by EMFi Manager

Sun, 14 May 2009 00:56:00 +0000

Edited by: EMFi Manager on 14/05/2006 00:56:13
I have had a long chat with TS. at the moment most of the isk is loaned out (estimate 40b) there is 1 interested party for 30b who they can just about help (or just not?) with teh shares being sold so far.. however the contract for 30b isn't signed yet.

Over 400 shares sold now btw :P
EMFI General IPO is LIVE!

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Baun

Sun, 14 May 2009 00:15:00 +0000

TS can you indicate the level of current interest you are getting for loans?

If there is really a significant back log of people who want to take loans and there is no cash then people should be made aware in order to prompt sales.

The Enemy's Gate is Down

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by EMFi Manager

Sat, 13 May 2009 21:24:00 +0000

EMFi increased her position in BMBE to 100 shares (5bil) to sit tightly in the Safe/Steady section of the financials in her portfolio.

We have confidence that this corp will be led to a profitable future.
EMFI General IPO is LIVE!

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Sat, 13 May 2009 20:28:00 +0000

Shares are still selling - But it sure is a faint trickle atm (with a few huge buy exceptions)

Currently 371 shares old.
Theres quite a long way to a 1000 sold shares...

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Callie Nefarious

Sat, 13 May 2009 16:21:00 +0000

I'm all out of isk or is sure of baught more, so I'm lookgin forward to the third offerign when hopefully my dividends will have baught in the possibility of a few more shares.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Jack McFarlane

Sat, 13 May 2009 12:24:00 +0000

I'm currently rating this one as a "buy". You can check out the report at:

http://eve.hubau.be/index.php?page=corps&ticker=BMBE

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Fri, 12 May 2009 22:09:00 +0000

50m is a lot of isk for some, and there have been a lot of IPO's of late, so maybe peeps have shared the welth allready.

i got my 10 so i'm happy LOL
<><><><>

Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Shar Tegral

Fri, 12 May 2009 17:29:00 +0000

So there are still shares available Torn?

Submit News

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Callie Nefarious

Wed, 10 May 2009 23:51:00 +0000

Thanks Torn.

I'd have baught moe but I'm really feelign a pinched wallt at the moment hehe.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Wed, 10 May 2009 21:37:00 +0000

Shares have been distributed

I must say that the sales of shares arent experiencing the same rush as with the first IPO...

As of this writing, only 304 shares of the new 50B IPO have been sold...

I wonder if things will pick up after the deadline for current shreholders having priority (comming sunday)

We'll see...
BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Wed, 10 May 2009 20:28:00 +0000

Originally by: Aeco Feife
Not really trying to be an a--hat,

It's not really proper to refer to a second IPO...its a secondary offering.

I = intial.

This may well be one of those things like PDS = PDU, but I'm not really very hip.

-Aeco

yes, an alt posting due to corp rules

Not a problem

I actually did mention this in the real/first IPO

Originally by: TornSoul

(*2)
The trigger for a new IPO Phase can/will happen if:
(I'm aware that also calling a 2nd phase an IPO is a bit of a misnomer, but the term is being used for ease of reference
Technically it's a SMO, Second Market Offering)

So there

But as mentioned - I'm sticking with the IPO term for ease of reference, and it beeing what most people will asscociate with what is going on (selling shares).

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Aeco Feife

Wed, 10 May 2009 16:02:00 +0000

Not really trying to be an a--hat,

It's not really proper to refer to a second IPO...its a secondary offering.

I = intial.

This may well be one of those things like PDS = PDU, but I'm not really very hip.

-Aeco

yes, an alt posting due to corp rules

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Aaro'ne Erviale

Wed, 10 May 2009 13:51:00 +0000

I'd like to add that @ EGSE we welcome this second IPO and the creation of an additional 1000 BMBE shares. More shares = more possible share transactions.

I'm also glad the IPO price was raised to 52M, cause the alltime BMBE share price on the EGSE is 52.13M/share.

Currently 15 BMBE shares allready changed hands over the EGSE and we're looking forward on trading more!

Good luck with the second IPO and see y'all on the EVE Galactic Stock Exchange!

Greetings,

Aaro'ne Erviale
CEO of EVE Galactic Stock Exchange

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Callie Nefarious

Wed, 10 May 2009 09:49:00 +0000

When are we likely to see the shares in wallets? (free bump)

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Ray McCormack

Wed, 10 May 2009 01:14:00 +0000

Originally by: Baun
40/40/20 split seems like a good idea.

Yeah.

I like that. And it could be sustained for possibly longer than EVE will be around.

I'm suprised you didn't suggest 50/30/20, but then I realised you do know TornSoul quite well.

| The BIG Lottery | BIG Sales | 375197 |

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Dr Peace

Tue, 9 May 2009 21:35:00 +0000

We have decided to take up this opportunity to become shareholders.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Femintaki

Sun, 7 May 2009 21:49:00 +0000

Well I have sent my isk for additional shares (as an early adopter of BMBE shares).

Looking forward to receiving them once TS can do so.

Cheers
Fem

Quote:
Do or do not - there is no try!

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Sun, 7 May 2009 21:08:00 +0000

Originally by: Baun
40/40/20 split seems like a good idea.

It would decrease the problems with issuing new pulbic offerings whenever the isk amount is maxxed out and it would increase the value of the company over time. Furthermore, it can be implimented easily.

I kinda like the bolded bit.
Havent thought of it that way before tbh.

I'm inclined to go this route - It will however not happen right away.
I wont thinker with the dividends of May.

At the end of the month we'll see how things look and re-visit the subject, and perhaps implement it for June (no gurantees though, we'll have to see)

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Baun

Sun, 7 May 2009 21:01:00 +0000

40/40/20 split seems like a good idea.

It would decrease the problems with issuing new pulbic offerings whenever the isk amount is maxxed out and it would increase the value of the company over time. Furthermore, it can be implimented easily.

The Enemy's Gate is Down

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Exelsior

Sun, 7 May 2009 19:29:00 +0000

Thank you for the replies and comprehension Torn

I agree with the above poster, if some of the profit could be reinvested and used as loan money, it would increase ROI over time and be generally good for stock price and dividends.

Thou shalt be dispatched.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Sun, 7 May 2009 19:22:00 +0000

Thanks Torn, so as i sent isk allready i wont need to add the extra 2m a share? cool.

There is one point raised in the thread that might warrent some further thought by Bigbank, the fact that 100% of the profits is paid out 50/50 to BMBE/Shareholders.

lets assume all 100bn is lent out all the time, we shareholders will get a fixed income from this, but the shares will not increase in price or offer any increase in profit even tho the bank is doing a roaring trade .

Seem that plowing some of that profit back into the loan pool would be benifitial to all, the bank would have more to lend, thus get more interest, thus make our shares worth more and whist there would be an initial drop in dividends, in the long run this would return more. eg a 40/40/20 split BMBE/Shareholders/Loanpool.
The last report showed 2.8bn profit if i recall, if this ipo sells that and is all loanded, then logicly you are looking at 5+bn profit, putting 20% back means an extra bn a month to lend.

<><><><>

Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Sun, 7 May 2009 18:21:00 +0000

Further up I mentioned that regardless that the shares are non-voting shares, we still do listen to points brought forward by the shareholders, and that I would demonstrate this once more.

A very valid point about the pricing of the shares for the new IPO have been brought forward.
Namely the fact that they are sold at the same 50M ISK value, and that it would be more resonable if the price was higher.

I'll have to admit to having made a mistake in that regard... And I apologize for that.

The new shares should indeed (for various reasons mentioned) be sold at an increased value.

As such, I'm hereby changing that value.

From monday may 8th 00.01, the price of the BMBE shares for this 2nd IPO will be raised to 52M ISK.
(I've edited the original post to show this change)

Those shares already purchased, and up to sunday may 7th 23:59, will still be valid for the 50M ISK amount.

Anyone sending ISK to purchase shares at the old value, after the above deadline, will be informed of the change, and be given the option to withdraw (and getting the ISK back) or pay the remaining needed ISK to meet the new price.

Important note : Current shareholders will be allowed to buy at the 'old' price of 50M ISK up until the original deadline (sunday may 14th 23:59) for old shareholders having priority.
After that date, current shareholders will have to pay the new 52M ISK price per share as well.

I hope the above meassures will satisfy the current shareholders.

I also hope we wont see too many complaints about 'changing the rules'...

Happy Buying.
BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Sun, 7 May 2009 18:21:00 +0000

Edited by: TornSoul on 07/05/2006 18:22:24

Alot of concern has been raised about the fact that current shareholders dividend 'gets halfed' with this new IPO (unless they buy new shares) - Until all of the newly raised ISK has ben laoned out again.

This is correct.

And this also was pointed out in the initial IPO anouncement.
Have a look at (*5).

The listed examples even point out that, the effect on dividend from the first few IPO's will be felt more than later IPO's will.

This is one (of many) reasons why the shares are non-voting shares.
Because, as demonstrated in this thread, many current shareholders will be reluctant to 'give up their advantage', by letting others have a go at the BMBE shares as well (new IPO).

Absolutly understandable really - But it's however not helpfull for the expansion of the BMBE.

And I would like to point out what the expansion of the BMBE actually entails:

- More people can get helped with a loan, to be able to purchase whatever it is they are after.
- More people get a chance to benefit from the profit that the BMBE generates.

The impact of BMBE, is more than only satisfying existing shareholders...

But human nature is... well, just that, human nature - So people are usually more concerned about their own bottom line than other effects that doesnt directly concern them.

This behaviour has been anticipated, and, as mentioned above, is one of the reason why the shares are non-voting shares, else the chances of the BMBE ever expanding beyond the first IPO would be dire indeed.

What happens if the ingame vote does not go through, and the 1000 new shares are not created?

A new identical vote will be put up, and hopefully the shareholders will have come to reason by then.

If not, a new BMBE holding corp will be created (BMBE2), that automatically will have 1000 shares.
Regardless that this is a new corp, the shares from BMBE and BMBE2 will be treated as one.
This will unfortunatly add some additional logistical headaches, and unnessesary work for the BMBE, so I really do hope it wont come to that....

The above scenarios, should also make it clear, that potentially the issuing of bought shares could end up rather delayed.
Best case scenario is that we start giving out the shares late monday night, ie. tomorrow (if the original vote goes through), worst case is an added delay of another week (for the 2nd vote, and if it also fails, creation of BMBE2)

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Sun, 7 May 2009 18:21:00 +0000

Let me start by stating what only a few seems to remember, like Shar Tegral

Originally by: Shar Tegral

Now I would also be upset by stock decisions without some before hand knowledge or ability to influence them. However BMBE is quite clear... they promise not to rip you off {A promise that you can count on} but these shares are "non voting" shares. Notice no vote?

And let me repeat it from the original IPO launch

Originally by: TornSoul

The shares are non-voting shares (You will have no say in BMBE business).

The reason for the ingame vote to issue more shares is a pure game mechanical necessity, and does not in any way imply that the current shareholders have any say in the matter.

I'm sorry for beeing so blunt about it - But reading the posts here it seems it bears repeating.

That said, we *do* however listen to constructive arguments and suggestions for new ways for the BMBE.
The final decission however rests solely with the BMBE.

I believe we have already proven that we listen, with the introduction of t2 BPo's as security.
And a bit further down in this post you'll see another example of this.

But first let me addres a couple of other issues.

-------------

Although the following have already been rebuffed by others, I'll add my bit as well.

No one but clients of the BMBE will ever touch any of the ISK raised by the IPO(s).
The ISK can *only* ever be spend by BMBE clients.

The reasons for this should be rather obvious - If it's spent by anyone else than BMBE clients, the ISK is gone, and can no longer make any profits for BMBE&Shareholdes.

So - the ISK cant be touched by BIG, nor FA, nor any other entity - except BMBE clients.

Clear enough?

BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Tsun

Sun, 7 May 2009 16:07:00 +0000

Originally by: ArtemisEntreri

I know you're asking Tornsoul but I'll give you an what-if:
If they give out more shares
more isk is going for the loaning purposes
more isk earned by BMBE
More isk possibly lended later on
therefore more dividends,
but for the next month this would sadly be true what you're thinking, that your shares will decrease in value, but possibly later on increase.
I am a shareholder and great that people are using this service (finally)

Btw hope this made sense

hey artemis,

yeah your post made perfect sense, but fact is, there is no way my dividends can increase through an increase of shares. Only in the best possible way (if the 50B get loaned out immediatly) my dividends stay the same. So i can not see, why i as a shareholder, should vote yes for a share increasment as i do have no gain at all from it.
You understand what i mean ?

cheers,
Tsun

no Girls, no Schnaps, no Place to stay !

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Tsun

Sun, 7 May 2009 16:01:00 +0000

still waiting for the post TS :)

@Baun: i know that the commulative Profit up until now has been already sent out, but as TS said, the current loan is guranteed to give out interest for the next 10 weeks.
Why would i want to share that profit with additional 1000 shareholders instead of keeping it ?
I do not have doubts aswell that the 50B will get paid out asap once the current loan runs out. In the opposit, BIG will have more potential custmers fighting about the same capital. What does that mean for us ? BMBE can raise the interest rates to maximise the shareholders profit.

That's one possible extreme pov to not vote for the share increase. Up until now TS didn't give me valid arguments to change my position. If he does, i'll gladly buy more share :) (and more then double my invested money)

no Girls, no Schnaps, no Place to stay !

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by herot

Sat, 6 May 2009 21:47:00 +0000

Originally by: TornSoul
I had planned to make a comprehensive post today, addressing the points raised. But time has run out on me...

I'll do it as the first thing tomorrow...

Thanks, no rush.

(On faith I have already voted yes anyway)

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by TornSoul

Sat, 6 May 2009 21:41:00 +0000

I had planned to make a comprehensive post today, addressing the points raised. But time has run out on me...

I'll do it as the first thing tomorrow...
BIG Lottery

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[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Shar Tegral

Sat, 6 May 2009 13:20:00 +0000

Originally by: Shar Tegral
2 shares purchased, no questions or complaints.

Let me correct my statement on this:

"Isk for 2 shares forwarded, no {etc., etc.}"

I haven't recieved any shares as of yet which is in accordance with Torn's press release. My reason for purchasing now is becuase I missed out on the first issuance entirely and I tend to like supporting BIG/Torn becuase ... well... I trust them.

Now I would also be upset by stock decisions without some before hand knowledge or ability to influence them. However BMBE is quite clear... they promise not to rip you off {A promise that you can count on} but these shares are "non voting" shares. Notice no vote?

However, as a defense for those who stood by BMBE from the beginning AND through its halting start, it would not be unfair, in the least, to have the current share price adjusted upward. The barest mininmum adjustment would be original issuance price plus the sum of any dividends issued. That would be the minimum.

The IDEAL situation would be as someone stated... BMBE creates a new issuance of shares and allows current investors to bid on them, at the minimum adjusted share price, and then any that are unsold are put up for auction. Highest bidder sets the share price in total. (Isn't that a Dutch auction or something? Not the savyest here)

BMBE is on that course for the most part... and to date Torn has always been shrewd AND fair. And considering the fact that shares, in Eve, really have no downward value pressure...

So my purchase is based upon the same reasons many of you purchased. Not just becuase of opportunity but trust. Torn/Big has mine and that's why I sent some isk ... no questions asked. (I have obviously changed the no comment part eh?)

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Exelsior

Sat, 6 May 2009 06:40:00 +0000

Originally by: Naphtalia
Originally by: DeODokktor
For you people out there saying "you'll not vote"
I do have one question
what makes you think that >50% of the shares were sold ;)
I would expect that 50%+ was held and 50%- was sold, and of the new ones created that they'll keep 50%.

Keep in mind that the "bug" in place doesnt allow anyone to see the total number of shares that are issued by a corp so if tornsoul hasnt kept up with it well then he may not know himself :).

You can see all the historical votes for new shares if you look at the votes section of your share.

Anyways.. I don't like the same price for the 2nd IPO lets increase working capital, reward existing shareholders (that didn't get a return for 3months) and do the 2nd BPO at minimal 51M

Were no previous votes i'm afraid.

Thou shalt be dispatched.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Detaitiv

Fri, 5 May 2009 23:16:00 +0000

How it should be done:

1 - Private offering to Original shareholders only open for one week at original price. This rewards those who took the leap of faith on BMBE and excludes those trying to gobble up 1 second hand share to get in on the private offering. There was considerable risk in tying up isk which may have realized 0 profit.

2 - auction shares remaining from private offering with starting bids of original price.

If IPO remains as above, I vote no. Several above objections are valid.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Naphtalia

Fri, 5 May 2009 20:28:00 +0000

Originally by: DeODokktor
For you people out there saying "you'll not vote"
I do have one question
what makes you think that >50% of the shares were sold ;)
I would expect that 50%+ was held and 50%- was sold, and of the new ones created that they'll keep 50%.

Keep in mind that the "bug" in place doesnt allow anyone to see the total number of shares that are issued by a corp so if tornsoul hasnt kept up with it well then he may not know himself :).

You can see all the historical votes for new shares if you look at the votes section of your share.

Anyways.. I don't like the same price for the 2nd IPO lets increase working capital, reward existing shareholders (that didn't get a return for 3months) and do the 2nd BPO at minimal 51M

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by DeODokktor

Fri, 5 May 2009 19:50:00 +0000

For you people out there saying "you'll not vote"
I do have one question
what makes you think that >50% of the shares were sold ;)
I would expect that 50%+ was held and 50%- was sold, and of the new ones created that they'll keep 50%.

Keep in mind that the "bug" in place doesnt allow anyone to see the total number of shares that are issued by a corp so if tornsoul hasnt kept up with it well then he may not know himself :).
_______________________________________________

Every time you whine a high output t2 corp giggles. Please think of the poor t1 producers.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mahrin Skel

Fri, 5 May 2009 19:38:00 +0000

You have to look at short-term vs. long-term profitability. In the short term, an additional share issue reduces your dividend, and therefore your profitability. But in the long term, the establishment of BMBE as a reliable source of capital increases the profitability of the shares already issued, as well as reducing their risk (larger loan pool means less impact from defaults).

A new round of funding only dilutes your dividend until that capital has been loaned. Given how fast the first round went out once BMBE started accepting T2 BPO's as collateral, I doubt it will take longer than a month to loan out the remaining 50B. In fact, I can see "leveraged" BPO purchases becoming quite common, even standard. If you look beyond the first month, the dynamics of the investment are extremely favorable.

Me, I'm buying.

--Dave

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by trong

Fri, 5 May 2009 18:24:00 +0000

Any chance we're going to get answers from BMBE management or TS to the above posted questions?

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Shar Tegral

Fri, 5 May 2009 14:13:00 +0000

2 shares purchased, no questions or complaints.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Shimpu

Fri, 5 May 2009 13:10:00 +0000

Originally by: herot
...Will the current split of earnings, between dividends to shareholders and managment cost e.i. "Salries to BMBE staff" be kept the same (50%/50%)?

Since one could argue that the effort of running the bussiness isn't linear to the working capital of the company.

Very valid question

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Elange4

Fri, 5 May 2009 10:28:00 +0000

:too late to edit;

btw the BMBE shares that BIG owns were Paid For by BIG;
dont get the idea that they were free, or that there was less than 50 billion raised by the original IPO.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Elange4

Fri, 5 May 2009 09:16:00 +0000

That is a good thought Auron.
atm BMBE is burdend with the history of its original business plan.

(I am not making any real arguments here: hopefully this will organize the discussion.)

3 points are relevant to to BMBE's position:
.
1. BIG itself owns a large part of BMBE due to the original IPO closing before it wsa fully subscribed;.

2. the original plan on loans offered a higher projected return on investment, so the offer looked much more atrractive for cash flow then.

3. the original loan method's returns were more variable (and also risky) with a much higher need for micro management - that meant that the mangement's payoff needed to be more-percentage wise.

********

So TornSoul's original idea for a stand alone company independent of BIG did not happen. And BIG probably did not *need* the money to continue or start profitable operations in EVE.

If BIG's profit from BMBE was only the profit from dividends, well they can just run more profitable private enterprises, as they have done for years. BMBE must stand on it's own AND pay BIG a good return for it to be appealing to leadership as well as shareholders...

But it does appear that the management fee is holding down returns for investors while unduly rewarding mangament.. Ofc BMBE management has also executed the first public company turn-around, and should be rewarded for it in some manner, just not by a long-term tax on cash flow.

--Elange4

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Auron Strife

Fri, 5 May 2009 04:58:00 +0000

I do see this as a very interesting dilemma. The thing is, for the current investors, doubling the shares nets them no additional income, but dilutes their ownership of the company. But for the BMBE, since they get 50% of the take, they can potentially double their monthly income.

The ideal way to fix this would be to pay 100% of the money to the shareholders, and make BMBE own X shares in itself. This way, if they issue more shares, they dilute their own position in the company as well as everyone else's. Otherwise, if BMBE insists upon always getting half, and offering more shares, the value of the investment will drop significantly to anyone who isn't BMBE.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Baun

Fri, 5 May 2009 00:16:00 +0000

Originally by: Tsun
Edited by: Tsun on 04/05/2006 18:55:00
hey TS,

first off, congrats that the eve bank finally is making profits :) i think the changes you made lately to the system (as using t2 bpos as security) gave the whole project a big boost. As a shareholder i am happy :)

about the new shares, first off, i will gladly buy some more to raise my current stock, but the only thing that worries me abit, is that finally now where the bank is making profit, the expected dividend for my existing shares for this month will be halved due to the new shares beeing sold now. Did you take this "problem" into consideration ?

Right now i'm, to be honest, rather inclined to vote against the increase of shares at the current shareholder vote, as an increase in shares will simply not increase the possible profit of the shares i currently hold (even if you do loan out the new 50B immediatly aswell).

Can you somehow sweep my obligations away ?

cheers,
Tsun

PS: i hope this whole post made sense to you :O

Bully, he paid out all accumulated profit before the new IPO starts.

In any case I'll just double my holdings.

The Enemy's Gate is Down

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by herot

Thu, 4 May 2009 23:14:00 +0000

Edited by: herot on 04/05/2006 23:18:41
Another issue could perhaps be raised prior to casting vote on the issuing of new shares.
- Will the current split of earnings, between dividends to shareholders and managment cost e.i. "Salries to BMBE staff" be kept the same (50%/50%)?

Since one could argue that the effort of running the bussiness isn't linear to the working capital of the company.

If changes are planned one alternative, could be to let a fraction of each months earnings instead increase the capital of of the BMBE (e.g. 1/3 to dividends, 1/3 to "salaries" and the final 1/3 increases the working capital of the corporation). Overtime this could perhaps make away with the need for further POs (/me instead forsees stock splits due to stock value getting ridiculously
high).

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Exelsior

Thu, 4 May 2009 22:55:00 +0000

Originally by: ArtemisEntreri
Originally by: Tsun
Edited by: Tsun on 04/05/2006 18:55:00
hey TS,

first off, congrats that the eve bank finally is making profits :) i think the changes you made lately to the system (as using t2 bpos as security) gave the whole project a big boost. As a shareholder i am happy :)

about the new shares, first off, i will gladly buy some more to raise my current stock, but the only thing that worries me abit, is that finally now where the bank is making profit, the expected dividend for my existing shares for this month will be halved due to the new shares beeing sold now. Did you take this "problem" into consideration ?

Right now i'm, to be honest, rather inclined to vote against the increase of shares at the current shareholder vote, as an increase in shares will simply not increase the possible profit of the shares i currently hold (even if you do loan out the new 50B immediatly aswell).

Can you somehow sweep my obligations away ?

cheers,
Tsun

PS: i hope this whole post made sense to you :O

I know you're asking Tornsoul but I'll give you an what-if:
If they give out more shares
more isk is going for the loaning purposes
more isk earned by BMBE
More isk possibly lended later on
therefore more dividends,
but for the next month this would sadly be true what you're thinking, that your shares will decrease in value, but possibly later on increase.
I am a shareholder and great that people are using this service (finally)

Btw hope this made sense

Here's a what if situation. You own 10 shares, which constitues 10 out of 1000 which is 1%. Currently, the BMBE has 50b ISK in total (loaned out and not).

If another 1000 shares are released, unless you buy up another 10 shares, you're going to own 10 out of 2000 shares, which is 0.5% of the BMBE. So even though the BMBE working capital has increased twice, your share ownage as a percentage has halved. As a result, your personal dividends stay the same, but you lose influence on the BMBE through share ownage. This is also one of my problems, as i don't have the money to cash in on doubling my shares to keep my current ownage as a percentage.

If I understand correctly, 50% of profit is given out as dividends, and 50% paid as salaries. So the working capital would stay at 100 billion. Hence there is no way dividends could increase unless another factor changes.

I do wish to congratulate TornSoul and his team however on finally getting the BMBE to work and pay out dividends

Thou shalt be dispatched.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Exelsior

Thu, 4 May 2009 22:47:00 +0000

Originally by: Jannis Detari
I asked him this question myself today.

The vote to add additional BMBE shares will expire late on the 8th and I can then issue new shares to whomever buys shares if the vote is positive.

If the vote fails, we'll address any concerns of shareholders and work to resolve the issue. (Torn already said he'll return isk if needed to people.)

I however will be surprised if the shareholders do not wish to expand the capital in the BMBE as with all the capital tied up in the current loans, we are currently unable to loan out any additional isk, and any isk repayed may not be enough to satisfy loans for future customers.

BMBE needs some cash in a liquid form to keep customers comming back to us. Without this we risk loosing potential customers and the profits they bring.

Oh and since Eve has only one type of share, all shares have an equal vote. The only way a non voting share could be created would be to issue it out of game or with a 2nd corp.

Thanks for the answer.

The problem is, that you need cash floating around so that you don't have to turn down loan requests, which is perfectly understandable and good for customer relations.

But ultimately, cash that is laying around doing nothing isn't genrating a profit, which hurts my interests.

Regards.

Thou shalt be dispatched.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by herot

Thu, 4 May 2009 22:38:00 +0000

Originally by: Naphtalia
I agree with the previous poster, People that may have paid more then 50M for a share (for example 51M) may not like a new set of shares arriving for 50M (who won't have to wait 3months on dividend)

I think you could take away peoples obligations by issuing the new shares at for example 53M / share and thereby raising the capital / share and giving existing shareholders a chance to sell their stock for profit.

I harbor some of the same concerns, and the suggestion of the second PO at a higher price per share seems resonable. This since with a now proven market concept (my opinion), forcast of future earnings should be weighed in when assessing a value on the already issued shares.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by ArtemisEntreri

Thu, 4 May 2009 22:25:00 +0000

Originally by: Tsun
Edited by: Tsun on 04/05/2006 18:55:00
hey TS,

first off, congrats that the eve bank finally is making profits :) i think the changes you made lately to the system (as using t2 bpos as security) gave the whole project a big boost. As a shareholder i am happy :)

about the new shares, first off, i will gladly buy some more to raise my current stock, but the only thing that worries me abit, is that finally now where the bank is making profit, the expected dividend for my existing shares for this month will be halved due to the new shares beeing sold now. Did you take this "problem" into consideration ?

Right now i'm, to be honest, rather inclined to vote against the increase of shares at the current shareholder vote, as an increase in shares will simply not increase the possible profit of the shares i currently hold (even if you do loan out the new 50B immediatly aswell).

Can you somehow sweep my obligations away ?

cheers,
Tsun

PS: i hope this whole post made sense to you :O

I know you're asking Tornsoul but I'll give you an what-if:
If they give out more shares
more isk is going for the loaning purposes
more isk earned by BMBE
More isk possibly lended later on
therefore more dividends,
but for the next month this would sadly be true what you're thinking, that your shares will decrease in value, but possibly later on increase.
I am a shareholder and great that people are using this service (finally)

Btw hope this made sense

Money is for poor people

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Jannis Detari

Thu, 4 May 2009 22:22:00 +0000

I asked him this question myself today.

The vote to add additional BMBE shares will expire late on the 8th and I can then issue new shares to whomever buys shares if the vote is positive.

If the vote fails, we'll address any concerns of shareholders and work to resolve the issue. (Torn already said he'll return isk if needed to people.)

I however will be surprised if the shareholders do not wish to expand the capital in the BMBE as with all the capital tied up in the current loans, we are currently unable to loan out any additional isk, and any isk repayed may not be enough to satisfy loans for future customers.

BMBE needs some cash in a liquid form to keep customers comming back to us. Without this we risk loosing potential customers and the profits they bring.

Oh and since Eve has only one type of share, all shares have an equal vote. The only way a non voting share could be created would be to issue it out of game or with a 2nd corp.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Mr Ratty

Thu, 4 May 2009 21:42:00 +0000

well i've never had anything but good fortune dealing with Torn & BIG, the BIG deal got me on the road to riches!!

So the ratsters in.

Iskies sent for 10 shares (well, my industrial alt sent it).

<><><><>

Freelancing Corp

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Exelsior

Thu, 4 May 2009 21:19:00 +0000

Dear TS,

According to my vote info on the current shares I hold, the vote whether to create or not to create more shares has not yet been cast. Therefore, you do not know if this vote will go through or not.

Although you may have predictions as to whether it will or will not go through, that doesn't stop the fact that you have initiated selling of shares that have not yet been issued!

So explain to me how, if I send money to you for shares now, you will send me those shares?

Regards.

Thou shalt be dispatched.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Elange4

Thu, 4 May 2009 20:29:00 +0000

Edited by: Elange4 on 04/05/2006 20:29:29

Originally by: Meenaa
Edited by: Meenaa on 04/05/2006 18:05:19
So basically you are paying future dividends with another 50billion isk worth of shares?

Morbor must be grinding his teeth in anger

The issue is that the complete BMBE wallet is now employed like it was originally intended: there is now a need for financial logistics precisely because of BMBE's new successes...

If you didn't already know that.

Cheers. --Elange4

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Elange4

Thu, 4 May 2009 20:12:00 +0000

OK! I am pleased with the dividend, especially since it was only for 1/4 of the month. Does this mean, if the second IPO is fully subscribed and fully employed, that you are projecting 4% R-O-I per month (per share)?

IS there such thing as a non-voting share? I know you are not obligated to initiate a vote, but if there was one, every share would get to vote, yes?

Main Point: your stock price has finally risen on the EGSE index, so by re-issuing at the old price, you are efectively penalizing old shareholders of value; in addition to the two objections noted above. Perhaps the best solution IS to offer the second IPO at a higher price, as it seems like you will be able to employ more than the next 50 billion also, now that word has gotten out about what the BMBE offers...

Ofc a higher offer price means you cannot keep the buyback offer intact as it is. I do see your reasoning on it, but if we have all stuck with you so far, you are pretty secure with us anyway. Afterall, TornSoul, I bought stock because it was BIG, and so I knew it to be secure in the face of other (now many other) public offerings.

I know how hard it is to change a business plan or a public statement, but you just completed a successful and total overhaul of the BMBE methodology; this is nothing of the same magnitude, and it could shore up the BMBE position very much - in the wallet, in the (new) stock market, and with the customers' needs.

Cheers. --Elange4

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Naphtalia

Thu, 4 May 2009 19:12:00 +0000

I agree with the previous poster, People that may have paid more then 50M for a share (for example 51M) may not like a new set of shares arriving for 50M (who won't have to wait 3months on dividend)

I think you could take away peoples obligations by issuing the new shares at for example 53M / share and thereby raising the capital / share and giving existing shareholders a chance to sell their stock for profit.

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Tsun

Thu, 4 May 2009 18:53:00 +0000

hey TS,

first off, congrats that the eve bank finally is making profits :) i think the changes you made lately to the system (as using t2 bpos as security) gave the whole project a big boost. As a shareholder i am happy :)

about the new shares, first off, i will gladly buy some more to raise my current stock, but the only thing that worries me abit is that finally now where the bank is making profit, the expected dividend for my existing shares for this month will be halved due to the new shares beeing sold now. Did you take this "problem" into consideration ? Right now i'm to be honest rather inclined to vote against the increase of shares at the current shareholder vote, as an increase in shares will simply not increase the profit of the shares i currently hold (even if you do loan out the new 50B immediatly aswell).

Can you somehow swep my obligations away ?

cheers,
Tsun

no Girls, no Schnaps, no Place to stay !

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by qrac

Thu, 4 May 2009 18:29:00 +0000

Edited by: qrac on 04/05/2006 18:29:25

Originally by: Meenaa
Edited by: Meenaa on 04/05/2006 18:05:19
So basically you are paying future dividends with another 50billion isk worth of shares?

Morbor must be grinding his teeth in anger

Hi alt!
The thing is that BMBE doesn't have enough isk to cover the loans requested and thus BMBE has to raise more isk. Go back to the hole you came from.
-------------------------------------------
Boycott Starforce!

[IPO #2] BMBE's 2nd IPO is now open. 1000 (of 1000 shares) left - by Meenaa

Thu, 4 May 2009 18:04:00 +0000

Edited by: Meenaa on 04/05/2006 18:05:19
So basically you are paying future dividends with another 50billion isk worth of shares?

Morbor must be grinding his teeth in anger