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Zolcan
Amarr Sovereign Enterprises
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Posted - 2006.11.20 23:44:00 -
[1]
Edited by: Zolcan on 20/11/2006 23:49:10
Sovereign Enterprises is pleased to announce its fourth period profit of $106,581,101 isk on the sale of T2 components and 492 ships.
DIVIDEND A dividend in the amount of $26,645,253 (25% of profits) was issued to all shareholders in the amount of $533 per share. As you know each share is valued at $20,000 isk each.
PERIOD 0005 OUTLOOK We are still looking for a replacement customer for our T2 components. If we are unable to find one we will experience a loss of revenue this period (until we do). We have ramped up ship construction of our most profitable models and new BPOs of these models are done or almost done in the labs thus we'll be able to produce multiples of each popular ship. We hope to make up some of the difference there. Still we expect a sales decrease in Period 0005 unless we find a new T2 customer.
NEW CHAIRMAN OF THE BOARD My uncle Archbishop has resigned as Chairman of Sovereign Enterprises and I have purchased all his stock from him. As a result I have assumed the position of Chairman of the Board of Sovereign Enterprises and am now the majority shareholder in the company. My uncle is busy with duties of the Amarr Empire and thus felt it prudent to take this action as he doesnt have time to manage a board and defend the Empire. As his nephew and as the President/CEO of Sovereign I would like to thank him for his help starting the corporation with his initial grant of over $2b isk. His shares are now in my possession after I purchased them from him for the $20,000 per share price. (As you know Archbishop/Zolcan are the same/alt).
FREIGHTER BOND DISCUSSION There is currently a discussion going on in the Sovereign Enterprises Forums regarding a bond issue for another Providence Freighter. Selling 300+, 400+, 500+ ships per period is difficult with only one Providence (which is owned by one of our pilots not the corp). The bond issue is being discussed and all shareholders are encouraged to participate. As I have little bond experience I am hopeful the community can help. See the IPO/STOCKS forum in particular for the thread on bonds.
SUMMARY Otherwise things are going well. We hope to sell over 500 ships in Period 0005 (11/16/06 - 11/30/06) and to raise our profit per ship to the 10.50% range from the 9.0% range we've been in the last two periods. Likewise we have hopes market sales pickup of T2 components.
Please visit the Sovereign Enterprises website and forums for more information about our company (link is below my sig).
Thank you,
Zolcan Chairman/President/CEO Sovereign Enterprises "Build it Right!"
SOVEREIGN ENTERPRISES WEBPAGE AND FORUMS
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Treelox
Amarr Solar Storm Axiom Empire
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Posted - 2006.11.21 03:25:00 -
[2]
Originally by: Zolcan NEW CHAIRMAN OF THE BOARD My uncle Archbishop has resigned as Chairman of Sovereign Enterprises and I have purchased all his stock from him. As a result I have assumed the position of Chairman of the Board of Sovereign Enterprises and am now the majority shareholder in the company. My uncle is busy with duties of the Amarr Empire and thus felt it prudent to take this action as he doesnt have time to manage a board and defend the Empire. As his nephew and as the President/CEO of Sovereign I would like to thank him for his help starting the corporation with his initial grant of over $2b isk.
good, liked the old man, but always thought him a bit stuffy...
:P
keep on trucking zolcan --
Signature edited - this is your last warning - Jacques |
Kasia Pelarar
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Posted - 2006.11.21 13:40:00 -
[3]
Originally by: Zolcan Edited by: Zolcan on 20/11/2006 23:49:10 DIVIDEND A dividend in the amount of $26,645,253 (25% of profits) was issued to all shareholders in the amount of $533 per share. As you know each share is valued at $20,000 isk each.
Congratulations on your appointment.
I think a priority in your new job will be to find who is responsible for these erroneous published figures.
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