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Builder Joe
Monoxon Industries
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Posted - 2007.06.25 13:12:00 -
[1]
Due to unforeseeable issues for Monox in r/l, the MNX IPO will be liquidating the remaining assets and refunding money to the investors. I can not match the numbers he posted on his blog however I will be able to achieve the 6 billion mark to repay the investors. I recommend investors keep stocks issued in the event Monox returns to the game and he happens to have more of the money I didnĘt know about. Again I donĘt have all the books so I donĘt know what the totally profits were and he may or may not have more isk or it may have been a book keeping error.
I am sorry for the delay, and lack of return that were proposed.
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Marodi Julita
Sublime Captial Investments
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Posted - 2007.06.25 13:19:00 -
[2]
It's sad but understandable.
What % roughly is being refunded back to investors atm?
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Builder Joe
Monoxon Industries
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Posted - 2007.06.25 13:28:00 -
[3]
I am still selling off a few more items, but it should be adleast all of the invested money.
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Ionia
Advanced Manufacturing
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Posted - 2007.06.25 19:58:00 -
[4]
It is very unfortunate that a legitimate businessman like yourself has to clean up somebody else's mess. Monoxon running off is not only a pain for shareholders but it is also a big pain for you. If theres anything I can do to help in future endeavours after this unfortunate event, let me know.
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Auri Hella
The Graduates Brutally Clever Empire
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Posted - 2007.06.25 20:22:00 -
[5]
If you suggest that investors keep their shares, I assume you have a complete list of who invested and how much?
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Builder Joe
Monoxon Industries
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Posted - 2007.06.25 21:24:00 -
[6]
Originally by: Auri Hella If you suggest that investors keep their shares, I assume you have a complete list of who invested and how much?
Yes the new wallet/share function allows me to see how many share each person currently owns.
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Marodi Julita
Sublime Captial Investments
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Posted - 2007.07.01 16:17:00 -
[7]
how's that going?
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Shae Laurel
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Posted - 2007.07.12 06:57:00 -
[8]
Are there any updates ??
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Builder Joe
Monoxon Industries
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Posted - 2007.07.12 14:55:00 -
[9]
Just finished up sending the isk out for bonds I had started last night but the server kept kicking me out. Every one's investments have been returned in full. Again I am sorry for the things worked out.
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Hexxx
Minmatar ironwood ink The Sundering
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Posted - 2007.07.26 01:41:00 -
[10]
My deepest apologies for the semi-necro.
Can investors please confirm that funds were liquidated and distributed back to them?
Hexxx LLP - Business Consulting Services - IPO's, Business Plans, Share/Stock Pricing, and general Consulting.
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Treelox
Amarr Frontier Technologies
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Posted - 2007.07.26 16:46:00 -
[11]
Originally by: Hexxx My deepest apologies for the semi-necro.
Can investors please confirm that funds were liquidated and distributed back to them?
Yes Hexxx, I recieved back my intial investment through the dividend payment method, at the time that Builder Joe indicated he would do this.
As far as any additional distrubution that includes any profits above the intial investment, still waiting for that. -- http://www./sigs/Treelox/sig.png [orange]signature removed (change the zombie gagging sig) - please email us (with the signature URL) if you want to know why - Pirlouit([email protected] |
Erikel
Cosmic Odyssey YouWhat
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Posted - 2007.07.26 20:35:00 -
[12]
I was also refunded my initial investment.
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BhurakStarkiller
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Posted - 2007.07.27 15:59:00 -
[13]
Monoxon Industries, right? I cant see it in my journal under corp dividends. Is it elsewhere? |
Tommy TenKreds
Animal Mercantile Executive Animal.
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Posted - 2007.07.27 16:06:00 -
[14]
Kudos for your business integrity, Builder Joe.
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Hexxx
Minmatar ironwood ink The Sundering
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Posted - 2007.07.30 02:09:00 -
[15]
Builder Joe is an alt, and I wish his main could take the credit for his business integrity.
I'd like to point out that there are very few liquidation strategies that are actually acted on. Builder Joe had the challenge of locating and liquidating stock and doing so in the absence of Monoxon in addition to balancing the needs of his own Corp and Alliance.
Hexxx LLP - Business Consulting Services - IPO's, Business Plans, Share/Stock Pricing, and general Consulting.
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Kuan Yin
Amarr Perizene Technology Incorporated
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Posted - 2007.07.30 02:37:00 -
[16]
just posting to say i got my money back on 2007.07.11 .
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Lemonx
Wreckless Abandon Triumvirate.
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Posted - 2007.07.30 04:02:00 -
[17]
I have also received my initial investment.
I would like for Hexx to reveal the main(s) of Monoxon.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.07.30 07:47:00 -
[18]
Originally by: Lemonx
I would like for Hexx to reveal the main(s) of Monoxon.
I dont see why this is necessary. There was no scam, the funds/assets were available for liquidation and shareholders recieved their cash back as promised. I see no reason why we need to know Monoxon's main, as I see no wrong done. As stated in first post it was due to unforeseen RL circumstances.
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Hexxx
Minmatar ironwood ink The Sundering
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Posted - 2007.07.30 14:23:00 -
[19]
Originally by: Lemonx I have also received my initial investment.
I would like for Hexx to reveal the main(s) of Monoxon.
I will not reveal Monoxon's main. Let me explain why.
1) The business plan was acted on to the letter. It was well concieved and followed to great detail. This is the bottom line. Monoxon Industries was not a scam.
2) Monoxon's main (and likewise, Builder Joe's) were navigating politically sensitive territories and deals. Their business, even now, appeared well concieved and successful. It failed due to Monoxon's lack of participation (either within or beyond his control) and I truely believe disclosure of Monoxon's main could only serve to harm the entities and persons involved with the operation of Monoxon Industries. This is in no one's best interest.
3) Finally, I accepted a non-disclosure agreement with Monoxon Industries. In the future, I will make sure that I insert a clause within NDA's which stipulates that disclosure of information can occur under certain circumstances. If I work with someone who scams, I want to be able to disclose certain information to the public for educational reasons.
My final comment on this is; even if I had decided to insert a clause into an NDA, it would only ever be for scams. In the case of Monoxon Industries, I will never disclose any confidential information due to the terms of the agreement I had with them.
Ultimately, my ability to provide effective and safe advice to my clients depends upon my integrity and professionalism. I will never compromise on that.
Hexxx LLP - Business Consulting Services - IPO's, Business Plans, Share/Stock Pricing, and general Consulting.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.07.31 04:52:00 -
[20]
Signed on Hexxx post.
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