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(#8 - 2006.09) BMBE Shareholder Report

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Author	Topic
herot Icarus Ascendant	Posted - 2006.10.09 17:25:00 - [31] Edited by: herot on 09/10/2006 17:35:34 Originally by: Baun Anyone care to comment on my idea since you seem to be looking for some radical new direction? Well, as you yourself state the concept would likely hinge on Thornsoul himself being able to dedicate a great deal of more of his time to this project. And since I get the impression that,that time is commodity of limited availability, I don't forsee any greet probablitity of it coming to fruition.
Baun 4S Corporation Morsus Mihi	Posted - 2006.10.09 17:32:00 - [32] Originally by: herot Originally by: Baun Anyone care to comment on my idea since you seem to be looking for some radical new direction? Well, as you yourself state the concept would likely hinge on Thornsoul himself being able to dedicate a great deal of more of his time to this project. And since I get the impression that,that time is commodity of limited availability, I don't forsee any greet probablitity of it coming to frutation. Sorry but I can't resist. Lol @ frutation :P The main question I have is whether people think the idea is generally viable. If it may be then we can deal with the question of time involvement and other issues. The Enemy's Gate is Down
herot Icarus Ascendant	Posted - 2006.10.09 17:51:00 - [33] Edited by: herot on 09/10/2006 17:52:34 double post...
herot Icarus Ascendant	Posted - 2006.10.09 17:52:00 - [34] Edited by: herot on 09/10/2006 17:53:37 Originally by: Baun Sorry but I can't resist. Lol @ frutation :P As for the idea; I think it might prove next to impossible to come up with a secure enough business model. With the tools available in game currently, it would always to some extent have to be based on trust towards business partners. And trust unfourtunately doesn't have that a great of a track record in eve. So, in short: I doubt that the idea would work, sorry.
Baun 4S Corporation Morsus Mihi	Posted - 2006.10.09 18:00:00 - [35] Originally by: herot Edited by: herot on 09/10/2006 17:53:37 Originally by: Baun Sorry but I can't resist. Lol @ frutation :P As for the idea; I think it might prove next to impossible to come up with a secure enough business model. With the tools available in game currently, it would always to some extent have to be based on trust towards business partners. And trust unfourtunately doesn't have that a great of a track record in eve. So, in short: I doubt that the idea would work, sorry. The idea is to maximize the extent to which it is about trust of BMBE and minimize the extent to which it is about trust of the other corporation. If that wouldn't be enough for people, however, then it of course would not work. The Enemy's Gate is Down
Pang Grohl Gallente	Posted - 2006.10.09 22:53:00 - [36] Perhaps an expansion of loan products is in order. Smaller loans with appropriate T1 BPOs as collateral might make BMBE's loans more accessible to the EVE population most likely to need them. With the Contract system due in Kali having loans as a targeted use it seems that BMBE has the potential to be at the forefront of the lending industry. Si non adjuvas, noces (If you're not helping, you're hurting)
Baun 4S Corporation Morsus Mihi	Posted - 2006.10.10 00:43:00 - [37] Originally by: Pang Grohl Perhaps an expansion of loan products is in order. Smaller loans with appropriate T1 BPOs as collateral might make BMBE's loans more accessible to the EVE population most likely to need them. With the Contract system due in Kali having loans as a targeted use it seems that BMBE has the potential to be at the forefront of the lending industry. Can you expand on this? The Enemy's Gate is Down
Ray McCormack BIG	Posted - 2006.10.10 01:40:00 - [38] Baun, your suggestions are extremely interesting. And defnitely workable. It will also save the CEO from paying out dividends for their corporation indefnitely. It is simply another method of introducing our product to someone. We will still be loaning against collateral. The only downside I see is the rate of return, for want of a better expression. In current IPOs you could be looking at anywhere from 1.5 to 4 years to see payback of your invested ISK. If someone used the BMBE to fund their public company, it would mean they'd need to repay this ISK in a far shorter timeframe than traditionally accepted. You would have to see around a 102.5% growth in your company (or the BMBE investment in your company) within at most 4 months to fully return the ISK. You could of course simply pay back the 3.5% per month, and hope that over time the few percentage points you achieve above this add up to enough to repay the total loan. In Summary : - you get ISK from the BMBE instead of an IPO - we hold control of any assetts and ISK until - you pay the BMBE back plus interest - the company is yours at the end of this, and not publicly owned - you need to show a return on investment a lot quicker - or pay 3.5% per month until your investment earns enough profit to repay the loan \| The BIG Lottery \| Skills Showroom \| 396851 \|
Baun 4S Corporation Morsus Mihi	Posted - 2006.10.10 02:23:00 - [39] Originally by: Ray McCormack The only downside I see is the rate of return, for want of a better expression. In current IPOs you could be looking at anywhere from 1.5 to 4 years to see payback of your invested ISK. If someone used the BMBE to fund their public company, it would mean they'd need to repay this ISK in a far shorter timeframe than traditionally accepted. The company would only have "BMBE" isk for a short time. BMBE would purchase all of the shares and market them on behalf of the company. Once the shares are sold the BMBE has its original isk back and the margin made on reselling the shares. Quote: You would have to see around a 102.5% growth in your company (or the BMBE investment in your company) within at most 4 months to fully return the ISK. Only if they took out a loan, which would NEVER make sense. Quote: In Summary : - you get ISK from the BMBE instead of an IPO - we hold control of any assetts and ISK until - you pay the BMBE back plus interest - the company is yours at the end of this, and not publicly owned - you need to show a return on investment a lot quicker - or pay 3.5% per month until your investment earns enough profit to repay the loan Again, there is no loan here. The BMBE is using its money to underwrite another corporaiton in exchange for its shares. The security scheme is the problem. Here is what I would suggest. BMBE is actually getting all shares of the corporation that will hold the assets in trust. The IPO initiater would run a second corporation that gives out dividends. BMBE purchases all shares of both corporations (it would be easier if they created both and ceded CEO of the latter), thereby underwriting the BPO and maintaing security oversight of the assets. BMBE makes its money from continuing to oversee the security of the assets, reselling the IPO shares at a fixed agreed upon margin and whatever dividends it gets while reselling the shares. This would allow BMBE to underwrite any size venture and would not lock the isk into any particular project unless shares cannot be sold. If shares cannot be sold, unless they make a firm commitment on the IPO, BMBE could liquidate the corporation. The BMBE's job is to both make sure the assets don't go anywhere and make sure the corporations money making ideas are solid. This would shockingly require actual work and might justify the very high % profit BMBE takes. Unfortunately, I don't see this working for anything but ventures involving BPOs that can be locked down. Do people understand what I am talking about now? The Enemy's Gate is Down
Skarii TuThess CompleXion Industries	Posted - 2006.10.10 19:43:00 - [40] Edited by: Skarii TuThess on 10/10/2006 19:45:36 I do :) ps. I also think the idea is viable.

JP Moregain Gallente EVE Reserve Bank	Posted - 2006.10.10 22:05:00 - [41] Originally by: Baun lots of reasonably intelligent stuff Yes this is essentially an "EVE-ization" of the Private Equity/VC model all the way through to the point of monetization in the public markets once the business has matured enough. Makes sense, and YES DEVS PLEASE ALLOW LOCK DOWN OF OTHER ASSETS BESIDES BPO's.. JP http://www.evereserve.com
Pang Grohl Gallente	Posted - 2006.10.10 22:37:00 - [42] Originally by: Baun Originally by: Pang Grohl Perhaps an expansion of loan products is in order. Smaller loans with appropriate T1 BPOs as collateral might make BMBE's loans more accessible to the EVE population most likely to need them. With the Contract system due in Kali having loans as a targeted use it seems that BMBE has the potential to be at the forefront of the lending industry. Can you expand on this? Code Monkey's devblog Originally by: Code Monkey Here's the kicker: Your contract history will be visible to others (scroll down for more info on that), this means that the reputation people build up through contracts can make or break a would-be entrepreneur. Originally by: Code Monkey Public history An important part of the this system is contractual (is that a word? Ed.: Yes, it is.) history. Based on the availability of the contracts you have participated in, people will be able to look you up and see exactly what contracts you have completed and whether they were successful. This allows you to build up your reputation through your contract history, both publicly (for public contracts) and within the echelons of your corporation or alliance (private contracts available to either of the two). This can be a very nice way for corporation members to increase their standing in a corp. If the corporation manages itself largely through contracts (such as assigning sentry duty, mineral runs, newbie training etc) people will be able to see at a glance just how darn important you are to the corporation. Private contracts between two characters will not be visible to anyone else though so backstabbing is supported by the system ;) In escence the feedback is a basic reliability/risk rating system, and the Loan type Contract creates a game system for enforcing loan terms. Si non adjuvas, noces (If you're not helping, you're hurting)
Baun 4S Corporation Morsus Mihi	Posted - 2006.10.10 23:46:00 - [43] Originally by: JP Moregain Originally by: Baun lots of reasonably intelligent stuff Yes this is essentially an "EVE-ization" of the Private Equity/VC model all the way through to the point of monetization in the public markets once the business has matured enough. Makes sense, and YES DEVS PLEASE ALLOW LOCK DOWN OF OTHER ASSETS BESIDES BPO's.. JP So what do we need to do to make this happen? I think that this actually could make a reasonably large amount of money. If BMBE used half of its isk in this way each month and succesfully marketed the shares, it would make approximately 3.5 billion isk per month. In theory, however, the only limit on the number of IPOs you could underwrite is the timeframe required to perform due diligence and market the shares. You could conceivably utilize all of your isk several times in one month and make 7% each time. At the moment, BMBE is the only entity in the game that has this much isk liquid that is also a "public" corporation. They are in a unique oppurtunity to make this happen. The Enemy's Gate is Down
Ray McCormack BIG	Posted - 2006.10.11 00:01:00 - [44] Underwriting an IPO as you suggest would mean a BMBE alt in charge of the corporation for an indefinite period. I see that becoming a problem. As to making it happen, that depends on the demand for it. I think of it as just another oppurtunity for the BMBE, not the ultimate answer. TornSoul may not have enough time as he'd like to go this path, so perhaps the answer would be to setup an independant 3rd party headed by a few people. They would do the due diligence and report to the BMBE on how to proceed with regards to the IPO. They could then draw a wage from the BMBE for services rendered. \| BMBE Loans \| Skills Showroom \| 778049 \|
Baun 4S Corporation Morsus Mihi	Posted - 2006.10.11 00:34:00 - [45] Originally by: Ray McCormack Underwriting an IPO as you suggest would mean a BMBE alt in charge of the corporation for an indefinite period. I see that becoming a problem. The alt would require minimal skills. The 40% profit share can help pay for GTC if you run out of alts. Quote: As to making it happen, that depends on the demand for it. I think of it as just another oppurtunity for the BMBE, not the ultimate answer. TornSoul may not have enough time as he'd like to go this path, so perhaps the answer would be to setup an independant 3rd party headed by a few people. They would do the due diligence and report to the BMBE on how to proceed with regards to the IPO. They could then draw a wage from the BMBE for services rendered. This seems like a sensible idea since I know TS won't take the initiative. I will think about how much time I personally have and ponder this. The Enemy's Gate is Down
SonOfAGhost Minmatar Republic Military School	Posted - 2006.10.13 16:19:00 - [46] Share prices are down significantly, what is the current NAV of BMBE?
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.10.13 17:49:00 - [47] 40% means no excuse of "not ennough time" sorry, but that is just the way I call it... 50% (later 40%) was setup because a huge workload was expected, stuff can't not happen becuase of lack of time.
Baun 4S Corporation Morsus Mihi	Posted - 2006.10.13 20:41:00 - [48] Originally by: EMFi Manager 40% means no excuse of "not ennough time" sorry, but that is just the way I call it... 50% (later 40%) was setup because a huge workload was expected, stuff can't not happen becuase of lack of time. No question. What do you think of my idea Naph? The Enemy's Gate is Down
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.10.13 21:09:00 - [49] Originally by: Baun Originally by: EMFi Manager 40% means no excuse of "not ennough time" sorry, but that is just the way I call it... 50% (later 40%) was setup because a huge workload was expected, stuff can't not happen becuase of lack of time. No question. What do you think of my idea Naph? You mean the underwriter thingy? I don't really like it, unless BMBE loans all that isk to a underwriter company that pays interest to BMBE to do their thing :P
Baun 4S Corporation Morsus Mihi	Posted - 2006.10.13 21:14:00 - [50] Originally by: EMFi Manager Originally by: Baun Originally by: EMFi Manager 40% means no excuse of "not ennough time" sorry, but that is just the way I call it... 50% (later 40%) was setup because a huge workload was expected, stuff can't not happen becuase of lack of time. No question. What do you think of my idea Naph? You mean the underwriter thingy? I don't really like it, unless BMBE loans all that isk to a underwriter company that pays interest to BMBE to do their thing :P I think it would be hard to find a taker for all of that. Its the only option I see that doesnt involve turning the bank into something else. The Enemy's Gate is Down

Jesters Knight Catalyst Reaction Xelas Alliance	Posted - 2006.10.16 20:35:00 - [51] As a shareholder (9 shares) my only problem is the fact that even if you decide to get a loan it is a major pain in the ass to get it to happen. I asked about a rather large loan about a week ago and havenÆt heard anything back, I also have been waiting to speak to a loan advisor about a smaller loan and havenÆt seen anyone in the channel. I am getting to the point that if I could sell my shares for equal to what I paid for them I would. Being an investor and not being able to even use the service you invested in doesnÆt make me very happy about where my isk is at Ingame website to help management (+)+(*^) = ^+
Serenity Steele Rearden Steele Interstellar Starbase Syndicate	Posted - 2006.10.16 22:41:00 - [52] Originally by: TornSoul Dark Shikari : TS, if you are reading this, please please please please advertise! Dark, please please please tell me how... Not that you were asking, but I'll say it one last time .. advertise BMBE in your sig. Eve Strategic Maps - Outpost Alert
dabster Minmatar Celestial Apocalypse Insurgency	Posted - 2006.10.17 12:58:00 - [53] Originally by: Jesters Knight I am getting to the point that if I could sell my shares for equal to what I paid for them I would. Just incase you arent aware and to stop you from being frustrated.. Your shares wont sell at even close to what you paid right now, a couple of shares have been on the market at 44million for several weeks. (wts my 10 own shares at 45mil each) ___________________________ Brutors Rule! My Eve-vids; Click.
herot Icarus Ascendant	Posted - 2006.10.17 21:36:00 - [54] Originally by: Jesters Knight I asked about a rather large loan about a week ago and havenÆt heard anything back, I also have been waiting to speak to a loan advisor about a smaller loan and havenÆt seen anyone in the channel. This is worrisome. If the managment dosen't even manage to respond to loan request anymore, any new business ideas lacks any possiblity of success. My impression is more and more that the whole enterprise has failed, and that it probably would be best to bring it to a closure.
Xrak Black Nova Corp Band of Brothers	Posted - 2006.10.21 05:26:00 - [55] I would say wait till the end of this year, give Kali 1 time to come out. If there is no improvement after Kali, re-evaluate and consider liquidation.
TheDevilsJury principle of motion R i s e	Posted - 2006.10.21 08:42:00 - [56] To be honest I think you need to be more avaliable to your customer. I think there are a lot of people who need small loans (speaking of a small loan who do I contact?). But the way you present your services is very intimidating to those people. For example, the personel-less website, the often empty chat channel, etc. What you really need are more people avaliable to work for you, meaning an easilly avaliable interview + approval/non-approval process for the loan. Your employees don't have to handle isk at all, they just have to be knowledgable and avaliable. You could even make it on a sort of comissions system. Of course the main thing is to ensure the proper procedures are followed and collateral is received properly, then it's easy to send out the isk yourself. I just think that in order to appeal to more customers you need to be more like a real bricks and mortar bank and less like a virtual one. As for the bigger loans, like you've said in the last part of the post, the comment from Baun rings true. Kali has put a lot of uncertainty into the t2 market. At this point I think people getting into the t2 market probably don't know what they're diving into (and therefore their plans for the investment aren't that great), and people already in it have enough isk to make more purchases, but are holding back. Should be interesting when invention goes live on the test server. ----------------------- sig below Originally by: ISD I don't think I've ever seen anyone hijack their own thread before
Ray McCormack BIG	Posted - 2006.10.21 09:03:00 - [57] Originally by: TheDevilsJury speaking of a small loan who do I contact? Myself. \| BMBE ISK Loans \| Skills Showroom \| 468408 \|
TornSoul BIG R i s e	Posted - 2006.10.22 17:32:00 - [58] Originally by: herot Originally by: Jesters Knight I asked about a rather large loan about a week ago and havenÆt heard anything back, I also have been waiting to speak to a loan advisor about a smaller loan and havenÆt seen anyone in the channel. This is worrisome. If the managment dosen't even manage to respond to loan request anymore, any new business ideas lacks any possiblity of success. My impression is more and more that the whole enterprise has failed, and that it probably would be best to bring it to a closure. I've unfortunatly been sick since monday 9th and (nearly) up until now. Under normal circumstances I answer all my EVEmails within a day or two - including mails concerning request for loans. When sick this ofc is not happening - and results in comments as above. I plan to start going through my (two week) backlog of EVEmails tonight - Hopefully I'll manage to get through them all in a few hours time from now. BIG Lottery [u
EMFi Manager EvE Mutual Fund Inc.	Posted - 2006.10.22 17:39:00 - [59] Hope it wasn't too serious and you are feeling better.
herot Icarus Ascendant	Posted - 2006.10.23 08:49:00 - [60] Sorry to hear that youÆve been ill TornSoul, and I hope that your on your way to a full recovery. At the same time however I must say that bit displease with your remark ôand results in comments as aboveö. Your investors must be allowed to express their concerns, even if negative, regarding the state of the BMBE without you taking umbrage. And in this particular case we didnÆt, prior to you now informing us, have any information as to the reasons for the absence of responses from the BMBE to loan request. On another note, Ray did show up here in this thread after awhile trying to cover for you in you absence by giving himself as the contact point for loan request.. Perhaps alternative contacts like him could more clearly be listed on the homepage and/or BMBE-forum, as people to turn to if one doesnÆt receive a response for a couple of days, and the request is deemed to be urgent? After all we all have RL concerns that force us to be away from the game for days every now and then. A back-up for those instances would both ease the load on you, and make the bank run smother in my opinion.

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