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Eu Daimon
Daimon Holding
0
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Posted - 2012.10.22 22:00:00 -
[61] - Quote
Vaerah Vahrokha wrote:Eu Daimon wrote:I'd like to reserve 250 mil on each (1 bil total). There are five funds, therefore 250 mil on each = 1.25B not 1 bil total. Please restate your offer.
Then let me put 300 mil in each of the five funds = 1.5 bil isk.
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Val'Dore
PlanetCorp InterStellar
57
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Posted - 2012.10.22 22:03:00 -
[62] - Quote
Vaerah Vahrokha wrote:Graygor wrote:That's true, but 1kBR sounds too close to being something related to Brazil. Nothing against Brazil but I thought [1kB R] looked better. It was more aesthetic than anything else.
If it causes issues for you then I'm happy to have it all handled by Graygor instead. Excel copy and pasting will handle spaces just fine .
I think Excel can even handle automatic OCD conversions ;) |
Vaerah Vahrokha
Vahrokh Consulting
1943
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Posted - 2012.10.22 23:28:00 -
[63] - Quote
* * * RESERVATIONS TEMPORARILY DISABLED * * *
I am calculating and inputting all the reservations gathered so far.
Once I am done, if there's still some space left I'll reopen the reservations.
In case I am already beyond the 100B cap, I am sorry but those who reserved last will have another option:
They have to wait for the exchange to open (ETA, end of the month) and then simply buy shares put for sale by some of the current Investors. To do so, they will just need to fill in the order form with a buy order and send ISK. Notice how LIMIT orders have not been implemented.
Therefore they'll have to use either direct (called MARKET orders) orders or buy orders (called BUY STOP orders, like in RL). Both of those orders don't give guarantee of exact fill at the requested price (in EvE you either get that or you get an error message), if another trader's order arrived 1 second before yours, you'll get the next best price. The next best price could be the same (in case of several shares sold at same price) or the next higher price step. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Vaerah Vahrokha
Vahrokh Consulting
1943
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Posted - 2012.10.23 01:16:00 -
[64] - Quote
Important Update please read and reply ASAP
The IPO met way, way more success than I'd believe.
The closed ended funds reservations space ran out at beginning of page 2, Towaoc is the last Investor who fit in.
I have not finished calculating the open ended (easy) fund - for reasons explained below - but we are at 34.25B / 40B at page 2 as well. I am very afraid for people who I REALLY wanted in, like TornSoul and several first time small Investors I'd have loved to give a chance and experience something new in EvE.
Therefore, the following choices come up:
1) Everybody past Towaoc who reserved a closed fund cannot fit and will have to try his luck purchasing shares off the Investors who made it in (on the Exchange).
2) Expand the total fund NAV.
There's also a second decision to take limited to those who (past Towaoc) reserved both ESYFND and the other shares.
1) Preserve the ESYFND reservation and drop the closed end funds reservation.
2) Drop the whole reservations including ESYFND since your closed end funds reservation did not make in.
The ESYFND reservations too go beyond the 40B cap so, once again, not all will fit in.
I eyeball the total NAV required to hold every reservation to be 130-150B.
So, I am going to ask you, the Investors, two questions:
1) Are you against expanding the NAV to fit more Investors (but not above 150B, past that it becomes a nightmare to provide dividends).
If you are against, please write your name down.
2) In case point 1 shows people against the NAV increase:
If you reserved ESYFND plus closed end funds shares, are you OK dropping the closed funds reserved shares and just reserve the ESYFND shares? If you are not, it means you are cancelling the reservation.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Val'Dore
PlanetCorp InterStellar
58
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Posted - 2012.10.23 02:43:00 -
[65] - Quote
Maybe, put a cap on each reservation per fund? I know a lot of people like to invest big in one basket, but that tends to push out others.
Maybe a 1 BN ISK cap for the closed and 2 BN ISK cap for the Easy. That way the big investors still get a sizeable chunk, but more investors can come to the table.
If that isn't an option, I'm willing to cut my investment in half to 250 million so some some others can invest. I much prefer the first idea though :p. PlanetCorp very much wants to make this our first big name investment in our portfolio and we tend not to invest less than 500 million if we can help it.
Anyway, I'll go either way on it. |
Graygor
1kB Realty 1kB Galactic
154
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Posted - 2012.10.23 03:00:00 -
[66] - Quote
That's a shame but not unexpected.
Would it be possible to move other funds from the other baskets to the easyfund? So my 250mil each way becomes 1.25bil in one basket? Or am I limited to 250mil investment? I understand that not all the data has been tabulated so I am refraining from committing until that time.
And I share the same questions as Val'Dore, would this be a possibility? And likewise, if it is a case of the many before the few, I would also like to be limited to 250mil if it means more can get in on this.
Either way, this is your show and I respect your final say on judgements. |
Dean Ozuwara
Moradin Corporation
0
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Posted - 2012.10.23 03:27:00 -
[67] - Quote
In case of 2) In case point 1 shows people against the NAV increase:
my choice would be dropping all reserves. |
Irken Slushk
G-Force Developments
3
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Posted - 2012.10.23 03:30:00 -
[68] - Quote
Hello VV,
At the risk of sounding greedy or ignorant I'm going to post a couple of my thoughts, this post can always be edited.
One of the things you wanted to create was a secondary market for shares if I read things correctly, would keeping the NAV at the initial number not be a good thing to help stimulate trading of shares via players?
Will increasing the NAV cause more headache, bring about burnout? Can the NAV be increased at a later date, perhaps after you have ran this for a while and have a good feeling for the workload?
While I sympathize with the people who did not make the IPO in time, I feel that increasing the NAV may not be the best thing to do at this time.
Feel free to persuade me other wise, my scope of finances is still very limited.
- Irken |
Samroski
Games Inc.
71
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Posted - 2012.10.23 04:22:00 -
[69] - Quote
Irken Slushk wrote:Hello VV,
At the risk of sounding greedy or ignorant I'm going to post a couple of my thoughts, this post can always be edited.
One of the things you wanted to create was a secondary market for shares if I read things correctly, would keeping the NAV at the initial number not be a good thing to help stimulate trading of shares via players?
Will increasing the NAV cause more headache, bring about burnout? Can the NAV be increased at a later date, perhaps after you have ran this for a while and have a good feeling for the workload?
While I sympathize with the people who did not make the IPO in time, I feel that increasing the NAV may not be the best thing to do at this time.
Feel free to persuade me other wise, my scope of finances is still very limited.
- Irken I agree with Irken Slushki's well worded post above. Do not increase NAV for the following very subjective reasons: 1. As a market maker it is in my interest that fewer people get the opportunity to invest now. 2. Increasing NAV at this stage indicates poor planning (also frequently seen in scams). There was enough interest in this project to predict that the ceiling will be hit pretty soon. Thus go with the original plan. 3. Do not overburden yourself. Managing this will be difficult enough.
As I said above, these are my subjective opinions and not based on scientific inquiry. |
Vaerah Vahrokha
Vahrokh Consulting
1943
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Posted - 2012.10.23 06:50:00 -
[70] - Quote
Ok, I'll stick with the original plan.
I'll post later a Google Docs Excel Sheet with all the Investors names, amounts etc.
As for those who reserved both ESYFND shares and other funds, I am going to temporarily put them in for ESYFND only.
If you are one of the Investors who reserved both kinds of shares please let me know if you are ok at proceeding as is (that is, you'll only participate in the ESYFND) or if you want to cancel the reservation entirely.
Important details you have not to miss in case you could not make in:
- This is not a bond (buy and hold), shares will be placed on the exchange (expecially by Market Makers) for everybody to buy, like a normal EvE market.
- Who will buy after launch will still pay ZERO fees or anything. That is, if you have 11M and buy shares at 1.1M each then you get 11 shares no less.
- Watch the first Market Makers sell orders, some might want to cash the discount in and propose shares at a convenient price.
- Expect some large oscillations in the first days, it happens in every new market (see what happened to PI materials when they implemented PI).
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
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Graygor
1kB Realty 1kB Galactic
207
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Posted - 2012.10.23 08:03:00 -
[71] - Quote
Apologies for being dense but work has melted my brain.
As of now my request has been transferred to being 1.25bil in the easy fund or 250mil only or am I out entirely?
Sorry its been a long morning. |
Eu Daimon
Daimon Holding
0
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Posted - 2012.10.23 08:21:00 -
[72] - Quote
Stick to your original plan.
I'll still put some money in the open ended basket, but not all of it. So only the original 500 mil. |
Vaerah Vahrokha
Vahrokh Consulting
1943
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Posted - 2012.10.23 08:36:00 -
[73] - Quote
Graygor wrote:Apologies for being dense but work has melted my brain.
As of now my request has been transferred to being 1.25bil in the easy fund or 250mil only or am I out entirely?
Sorry its been a long morning.
Your choice to be in for 250M on the ESYFND or opt out of all. The other funds are full. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Amon Calis
The New Era C0NVICTED
5
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Posted - 2012.10.23 09:49:00 -
[74] - Quote
Please reserve 10 bil for me spread accross all 5 funds. |
Nanatoa
School of Applied Knowledge Caldari State
80
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Posted - 2012.10.23 10:27:00 -
[75] - Quote
What Irken Slushk and Samroski said. Changing the total NAV would hurt those who did get in on time. It is never too late to turn from the errors of your ways: He who repents of his sins is almost innocent.
MinerBumping.com |
Graygor
1kB Realty 1kB Galactic
240
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Posted - 2012.10.23 10:30:00 -
[76] - Quote
Vaerah Vahrokha wrote:Graygor wrote:Apologies for being dense but work has melted my brain.
As of now my request has been transferred to being 1.25bil in the easy fund or 250mil only or am I out entirely?
Sorry its been a long morning. Your choice to be in for 250M on the ESYFND or opt out of all. The other funds are full.
250mil it is. Ill have to get in faster next time. |
Amon Calis
The New Era C0NVICTED
5
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Posted - 2012.10.23 10:59:00 -
[77] - Quote
Amon Calis wrote:Please reserve 7.5bill for me spread accross all 5 funds.
Missed fact funds were full, if something opens up ill still be in |
Vaerah Vahrokha
Vahrokh Consulting
1944
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Posted - 2012.10.23 11:07:00 -
[78] - Quote
Nanatoa wrote:What Irken Slushk and Samroski said. Changing the total NAV would hurt those who did get in on time.
I have heard the Investors concerns and as such (as I posted above), the 100B cap won't be changed.
However I'd like to give you a little clarification about "hurting" current Investors:
No, it would not since there's no share dilution before the funds start (the NAV and shares both are in a fixed proportion of 1M per share).
Actually, there'd be more markets liquidity.
Amon Calis wrote:Amon Calis wrote:Please reserve 7.5bill for me spread accross all 5 funds. Missed fact funds were full, if something opens up ill still be in
You did not miss anything but the launch . The Exchange will be up and running once the Market Makers sent me ISK (I will tell when to) and then all you'll have to do is to open this link and place your bid!
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Nanatoa
School of Applied Knowledge Caldari State
80
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Posted - 2012.10.23 11:34:00 -
[79] - Quote
Vaerah Vahrokha wrote:However I'd like to give you a little clarification about "hurting" current Investors:
No, it would not since there's no share dilution before the funds start (the NAV and shares both are in a fixed proportion of 1M per share).
I don't care about the NAV, I care about what I can flip the shares for after launch. I want demand to be high, and supply to be low. Increasing the number of shares would decrease demand (since more people got in already) and increase supply. I'll leave it to your expert analysis what that would do with the price I could get for my shares. It is never too late to turn from the errors of your ways: He who repents of his sins is almost innocent.
MinerBumping.com |
Rhat Dakota
Paksenarion Dorthansdotter
3
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Posted - 2012.10.23 11:43:00 -
[80] - Quote
[quote=Vaerah Vahrokha]Important Update please read and reply ASAP
2) Drop the whole reservations including ESYFND since your closed end funds reservation did not make in.
The ESYFND reservations too go beyond the 40B cap so, once again, not all will fit in.
Do we happen to know about where the ESYFND people capped out? |
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Demolishar
United Aggression
375
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Posted - 2012.10.23 13:42:00 -
[81] - Quote
*Prospective
Prospective investors. You're welcome. |
Vaerah Vahrokha
Vahrokh Consulting
1944
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Posted - 2012.10.23 13:59:00 -
[82] - Quote
Rhat Dakota wrote:[quote=Vaerah Vahrokha]Important Update please read and reply ASAP
2) Drop the whole reservations including ESYFND since your closed end funds reservation did not make in.
The ESYFND reservations too go beyond the 40B cap so, once again, not all will fit in.
Do we happen to know about where the ESYFND people capped out?
I am working on it, it'll be out later today. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Vaerah Vahrokha
Vahrokh Consulting
1944
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Posted - 2012.10.23 14:32:00 -
[83] - Quote
Update
Here is the current listing of all the Investors whose reservation fully or partially made it in the investment 100B cap.
I warmly invite everyone to check their records and signal possible omissions or mistakes.
The closed end funds part should be final. Market Makers will have a little headstart so that they may study how to place their stock on the market.
The ESYFND part might still see some of the following Investors retracting their reservations, if they feel so. I need those Investors opinion ASAP since tomorrow morning (EvE time) I'll start accepting ISK.
The following names will receive an EvE-mail asking about their choice. If some of them will withdraw their reservation then the next in line will take their place, wholly or partially.
Ford Chicago, the 1B ESYFND reservation fit in the cap, the other funds' reservations did not. Kama Sutramax, the 200M ESYFND reservation fit in the cap, the other fund reservation did not. Seth Quantix, the 200M ESYFND reservation fit in the cap, the other funds' reservations did not. Rebecca Cairn asked for 2.5B "on each fund". I understand it means 2.5B on the ESYFND as well. In this case, the 2.5B ESYFND reservation fit in the cap, the other funds' reservations did not. Graygor, the 250M ESYFND reservation fit in the cap, the other funds' reservations did not. Dean Ozuwara, 100M out of your ESYFND reservation fit in the cap, the other funds' reservations did not. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Vaerah Vahrokha
Vahrokh Consulting
1944
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Posted - 2012.10.23 15:12:00 -
[84] - Quote
Update
Rebecca Cairn disabled email replying, therefore I could not send her the notice of partial fill.
In case she won't reply before the ISK sending phase (3 days for retail Investors) her reservation will be void and the next Investors in line will take her spot.
I take this opportunity to explain two concepts:
1) Please disable CSPA charges for the following names:
Vaerah Vahrokha VEMEX Monica Vahrokh's EvE's Merchantile Exchange
The last name should be interchangeable (including for right click linking) with VEMEX.
Due to the amount of mails I will have to send (thousands), I will have to charge back the CSPA charge on those who leave it on the characters / corps above.
2) Please don't disable inbound eve-mails like Rebecca Cairn did. You will never get orders receipts nor orders tracking numbers (handles) . Without those numbers you will never be able to change / delete your orders.
Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
Twitter channel |
Taji Taka
Parabellum Diligentia
1
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Posted - 2012.10.23 15:20:00 -
[85] - Quote
Damn...was out of town and missed your reservation period. So my only option now is to wait for the market to open and buy there correct? Or should I reserve in case more people drop out/don't pay? |
Rebecca Cairn
Cairn Trade Corp
1
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Posted - 2012.10.23 15:25:00 -
[86] - Quote
Hopefully my mail is fixed. Sorry about that. |
Graygor
1kB Realty 1kB Galactic
339
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Posted - 2012.10.23 15:32:00 -
[87] - Quote
Accepted and replied.
This is simply for additional recording. |
Seth Quantix
Bio-Tech Research Tribal Band
0
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Posted - 2012.10.23 16:44:00 -
[88] - Quote
Unable to get in-game at the moment, but I'd like to maintain the 200m easy investment,
If there is another offering will those like me be able to secure first dismissal at the next offering, assuming there is one or just buy from market
Seth |
JohnathanGalt
Imperial Academy Amarr Empire
34
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Posted - 2012.10.23 16:53:00 -
[89] - Quote
Although I missed getting in initially, I am eager to see how the fund exchange works, rest assured that there will be buyers out there, myself included. |
Vaerah Vahrokha
Vahrokh Consulting
1944
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Posted - 2012.10.23 17:49:00 -
[90] - Quote
Seth Quantix wrote:Unable to get in-game at the moment, but I'd like to maintain the 200m easy investment,
If there is another offering will those like me be able to secure first dismissal at the next offering, assuming there is one or just buy from market
Seth
This exchange and the implemented funds are completely realistic in every smallest details except:
1) Everything is available to scrutiny, you can download the Excel files (until I implement an automated thing) and look at all the formulas, which are taken from RL security examples (Vanguard funds).
2) There are some simplifications to keep the investment affordable for regular human beings. This means no multiple class fund shares and some intricate coefficients (i.e. varying fees depending on subscriptions years or amounts you purchase). Whenever there's some odd formula, there's something to help you out to do all without getting crazy. I.e. if you sell a security and incur in a fee, you'll see the final amount without having to add all sorts of math.
In RL the banker / broker and their websites do the same things but you cannot dissect and study them. Here you can. Auditing | Collateral holding and insurance | Consulting | PLEX for Good Charity
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