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Omg Corn
Gallente Zorp Corp
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Posted - 2009.05.04 19:42:00 -
[61]
As was stated in the first post,
Quote: Return: 105% of the original investment will be repaid before DT on Tuesday. 1% increase of dividends per day if late.
I am in the process of sending ISK now.
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Prisoner 42
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Posted - 2009.05.04 19:49:00 -
[62]
Thats Great!, I was just asking if everything was on time.
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Omg Corn
Gallente Zorp Corp
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Posted - 2009.05.04 19:58:00 -
[63]
All of the ISK should now be repaid. I increased the return to 6% (total 53m isk repaid to each person), since there was some confusion as to when I was to repay the loan by. ISK was paid out as a 3m interest and a 50m deposit return.
If anyone cares, I'll be posting a report after I get back from my exam later today - mainly just to show that I learned something ;)
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Prisoner 42
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Posted - 2009.05.04 20:05:00 -
[64]
Confirming Repayment... Good Work!
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Ji Sama
Caldari Tash-Murkon Prime Industries
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Posted - 2009.05.04 20:05:00 -
[65]
Edited by: Ji Sama on 04/05/2009 20:05:35
Originally by: Omg Corn As was stated in the first post,
Quote: Return: 105% of the original investment will be repaid before DT on Tuesday. 1% increase of dividends per day if late.
I am in the process of sending ISK now.
End date: 05/04/09 - Monday May 4th
i read this as the day i was getting my isk back... sry for misunderstanding!
edit: isk recieved!
Quote:
The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
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Sir Elliot
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Posted - 2009.05.04 20:06:00 -
[66]
Confirming ISK now received.
My cousin tony may be knocking on your door soon, want to have a conversation about baseball bat swing form.
Don't answer, he'll go away after a few minutes.
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Omg Corn
Gallente Zorp Corp
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Posted - 2009.05.04 22:38:00 -
[67]
Originally by: Sir Elliot Confirming ISK now received.
My cousin tony may be knocking on your door soon, want to have a conversation about baseball bat swing form.
Don't answer, he'll go away after a few minutes.
Here's the report:
The goal was to use investment capital to manufacture t1 ships in order to create a steady, low maintenance flow of ISK. The manufacturing portion consisted of two 2.5 day phases. After each batch was complete, it would be hauled to the local trade hub and put up for sale.
What went right: The time I invested in this was indeed very little. I was able to raise the desired capital (although only artificially). Nothing out of the ordinary happened, the ships sold as expected (except for a few at the end), the profits were pretty much as expected.
What went wrong: I forgot to train up Mass Production (doh) so after buying all of the minerals, I could not set up all of the jobs. This has been remedied. There was an unexpected jump in the number of one of the ships on the market during the last two days, increased competition resulted in them selling more slowly. As a result, I still have 60m in sell orders up. This is an unavoidable risk in a venture such as this, any longer term project would give me more room to breathe, and more time to liquidate assets. I accidentally sent the first payment out from my personal wallet rather than the corp wallet.
After the rest of the ships are sold, (assuming a .5% depreciation in value due to outbidding), the ending ISK amount should be around 347m, an appreciation of 15.6%
Final thoughts: One of the goals was to see if I could predict performance based on my previous history but increased in scale. I think I did fairly well on that note.
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Omg Corn
Gallente Zorp Corp
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Posted - 2009.05.04 22:47:00 -
[68]
Edited by: Omg Corn on 04/05/2009 22:48:45
Originally by: Ji Sama Edited by: Ji Sama on 04/05/2009 20:05:35
Originally by: Omg Corn As was stated in the first post,
Quote: Return: 105% of the original investment will be repaid before DT on Tuesday. 1% increase of dividends per day if late.
I am in the process of sending ISK now.
End date: 05/04/09 - Monday May 4th
i read this as the day i was getting my isk back... sry for misunderstanding!
edit: isk recieved!
I think this is due to the timezone difference, where I am at dt comes in the morning, so I consider an eve day to start at dt. I should just go off of GMT for clarity, but according to my watch, the isk was repaid on Monday around 5PM.
Edit: what I'm trying to say is that you read right, just that I was running in a different time zone.
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Tess
Gallente Twilight Labs
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Posted - 2009.05.04 23:18:00 -
[69]
53 Million ISK Received
~Tess |
Ji Sama
Caldari Tash-Murkon Prime Industries
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Posted - 2009.05.05 05:07:00 -
[70]
No worries Corn, nice doing business with you. You should get an auditor to confirm what you are saying, it will help the next time you are gonna raise public funding :D
Quote:
The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
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Estel Arador
Minmatar Estel Arador Corp Services
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Posted - 2009.05.05 08:30:00 -
[71]
Originally by: Omg Corn I think this is due to the timezone difference, where I am at dt comes in the morning, so I consider an eve day to start at dt. I should just go off of GMT for clarity, but according to my watch, the isk was repaid on Monday around 5PM.
Edit: what I'm trying to say is that you read right, just that I was running in a different time zone.
This should never be an issue in that you should always use EVE time (GMT). Time zones can't lead to confusion if you don't use them
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