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Stins
Interstellar Starbase Syndicate Operations Interstellar Starbase Syndicate
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Posted - 2007.07.03 16:20:00 -
[1]
In june, we stabalised our businesses and graduately increased our current businesses. This has resulted in a profit of 27.631.814.174 isk, which is a 9,56% profit.
Our main markets stay very stable and demand is high. We actually had allmost no items on the market when I made our inventory check, so demand is high enough to expand.
At the moment, we use a full station of manufacturing slots, 50 in total. Another 45-50 manufacturing slots are used by 3 different subcontractors who provide us with over 1B isk of production raws every day.
balance sheet
------------- Assets 21102 shares in wallet 116,3 bn ISK loans 93,7 bn ISK industrial assets (BPOs, inventory, POS) 0,45 bn ISK trade assets/market orders 43,6 bn ISK shopping baskets 32,9 bn ISK cash ---------- 288,9 bill ISK
Liabilities 28898 shares outstanding 10 Misk per share IPO price ------------ 288,9 bill ISK
Stins, ISS Finance Director
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Shar Tegral
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Posted - 2007.07.03 16:39:00 -
[2]
Sorry to have accidentally cause your thread to be buried. And hearing about your current expansion potential is good news for you. (Even if I have no shares).
Congratulations.
The Eve-Online forums may not have invented whining, but they sure have perfected it.
Shar Tegral> Well someone please say something quotable for this month!!!! |
Shiva Shakti
Gallente Hi-Tech Industries
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Posted - 2007.07.03 21:02:00 -
[3]
Very nice...thanks for the divies and glad they are still forthcoming after all your caravaning
All the best :)
Visit the EvE Galactic Stock Exchange in game or out |
Roemy Schneider
BINFORD
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Posted - 2007.07.04 08:02:00 -
[4]
new record in loans...? how much auf those 116.3bil are you still passing on to players/corps/other entities directly subject to the "public" ISS. what are the interest rates on those these days? (iow, if it's just 10%, there's no hope for a proper dividend from that item either) -
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Sales Merchant
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Posted - 2007.07.04 09:59:00 -
[5]
Edited by: Sales Merchant on 04/07/2007 09:59:13
Originally by: Stins
Our main markets stay very stable and demand is high. We actually had allmost no items on the market when I made our inventory check, so demand is high enough to expand.
But another bare minimum 5% return for investors?
It's been 6 months in a row, no point giving a report that things are fantastic when they aren't.
Well maybe they are fantastic for you and your pockets.
__ "You are not entirely safeā but I can safely say that EVE is going to hurt you until you leave or learn. The world will persist without you." -Tovarishch |
Stins
Interstellar Starbase Syndicate Operations Interstellar Starbase Syndicate
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Posted - 2007.07.04 10:58:00 -
[6]
Originally by: Roemy Schneider new record in loans...? how much auf those 116.3bil are you still passing on to players/corps/other entities directly subject to the "public" ISS. what are the interest rates on those these days? (iow, if it's just 10%, there's no hope for a proper dividend from that item either)
indeed, new record in loans... 40B isk is loaned out to ISS related entities, but I am not sure why that is different as loaning out money to entities not related with ISS? By the way, we stopped loaning out isk, because in the past, it was a good way to secure a part of our profits, but now we are at a point, where we easily can make more money in other fields as in loans, and also have the manpower to do so. So no more loans are given out at this moment.
Originally by: Sales Merchant Edited by: Sales Merchant on 04/07/2007 09:59:13
Originally by: Stins
Our main markets stay very stable and demand is high. We actually had allmost no items on the market when I made our inventory check, so demand is high enough to expand.
But another bare minimum 5% return for investors?
It's been 6 months in a row, no point giving a report that things are fantastic when they aren't.
Well maybe they are fantastic for you and your pockets.
We've paid out 5% to the shareholders indeed, which is exactly what we said we'd do in our business plan, so I'm not sure why you call it a "bare minimum"?
Stins, ISS Finance Director
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Roemy Schneider
BINFORD
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Posted - 2007.07.04 14:21:00 -
[7]
i find this lack of awareness disturbing; loaning money to yourself for (question not answered) presumably 10% in order to squeeze way more profitable ventures into the minimum yield is a contradiction of interest, which was "Going Public". in other words, you are withholding profit from the owners of ISS. this public ISS is what you sold us - not delivering by diverting profit to numbered esoterian bank accounts is stealing. not paying out these exceeding profits is a breach of the business plan and thus follows the definition of scam.
ISS has always been so keen of "flashy" news items. a higher margin that puts you in a better position among the running IPOs would be in your interest, no? once eefrit goes beyond your 5%, you will be the least performing among the "larger" IPOs (we need an index for these ^^). and how would a news item regarding these loans look... -
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Jakolb
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Posted - 2007.07.04 15:10:00 -
[8]
Originally by: Roemy Schneider once eefrit goes beyond your 5%, you will be the least performing among the "larger" IPOs (we need an index for these ^^). and how would a news item regarding these loans look...
If you are in on FIN, where as FIN-U are the other side of 7%
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Lilan Kahn
Amarr The Littlest Hobos Betrayal Under Mayhem
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Posted - 2007.07.04 15:32:00 -
[9]
Originally by: Roemy Schneider i find this lack of awareness disturbing; loaning money to yourself for (question not answered) presumably 10% in order to squeeze way more profitable ventures into the minimum yield is a contradiction of interest, which was "Going Public". in other words, you are withholding profit from the owners of ISS. this public ISS is what you sold us - not delivering by diverting profit to numbered esoterian bank accounts is stealing. not paying out these exceeding profits is a breach of the business plan and thus follows the definition of scam.
ISS has always been so keen of "flashy" news items. a higher margin that puts you in a better position among the running IPOs would be in your interest, no? once eefrit goes beyond your 5%, you will be the least performing among the "larger" IPOs (we need an index for these ^^). and how would a news item regarding these loans look...
i am amazed.
you didnt even read there ipo did you?
Originally by: Eris Discordia
We break after X amount of threads, then we go wild and then we get our medication.
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Roemy Schneider
BINFORD
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Posted - 2007.07.04 15:46:00 -
[10]
Edited by: Roemy Schneider on 04/07/2007 15:46:56 i believe you overread the "in excess of 10%" mentioned on page two, last paragraph before the index (exlpained, what would be done on that level) and then you might want to try the shareholder meeting (try 21:44:44) -
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Lilan Kahn
Amarr The Littlest Hobos Betrayal Under Mayhem
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Posted - 2007.07.04 16:03:00 -
[11]
The share holder meeting was to assuere peopel that isso woud proform well even tho they where gonna buy up the old outpost holding corperations for cheep.
Originally by: Eris Discordia
We break after X amount of threads, then we go wild and then we get our medication.
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Roemy Schneider
BINFORD
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Posted - 2007.07.04 16:39:00 -
[12]
glad, i could deepen your knowledge about your portfolio -
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Stins
Interstellar Starbase Syndicate Operations Interstellar Starbase Syndicate
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Posted - 2007.07.04 18:16:00 -
[13]
Originally by: Roemy Schneider i find this lack of awareness disturbing; loaning money to yourself for (question not answered) presumably 10% in order to squeeze way more profitable ventures into the minimum yield is a contradiction of interest, which was "Going Public". in other words, you are withholding profit from the owners of ISS. this public ISS is what you sold us - not delivering by diverting profit to numbered esoterian bank accounts is stealing. not paying out these exceeding profits is a breach of the business plan and thus follows the definition of scam.
ISS has always been so keen of "flashy" news items. a higher margin that puts you in a better position among the running IPOs would be in your interest, no? once eefrit goes beyond your 5%, you will be the least performing among the "larger" IPOs (we need an index for these ^^). and how would a news item regarding these loans look...
Nice twist you try to put here.
When I say "related to ISS", they arent ISS right? They are friends I gave a loan to, like I gave out loans to other people that approached me as well.... As long as I get my 10% interest (to answer your question) and collateral, there is no difference between someone that shot me yesterday, or a friend. What you acuse me off is cowpoo.
Stins, ISS Finance Director
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Lilan Kahn
Amarr The Littlest Hobos Betrayal Under Mayhem
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Posted - 2007.07.04 23:29:00 -
[14]
Originally by: Roemy Schneider glad, i could deepen your knowledge about your portfolio
Erm in case you are woundering you havnt tught me a singel thing.
you missed where the profit goes in the ipo on page like 2
Originally by: Eris Discordia
We break after X amount of threads, then we go wild and then we get our medication.
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Shar Tegral
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Posted - 2007.07.05 00:35:00 -
[15]
Originally by: Roemy Schneider (iow, if it's just 10%, there's no hope for a proper dividend from that item either)
I'm going to assume that you are concerned that various friendly corporations are getting favorable rates that may or may not be in the best interest of the shareholders? If so you may be overlooking that management is utilizing what contacts it has to continue the growth of its business. This may mean that there are some less than superb interest rates, less than you might feel confident with, but still well within profitable margins.
Friendship with a business partners is not a crime nor is giving slightly favorable terms either. Business is in the business of trade. Isk is not the only medium thereof.
The Eve-Online forums may not have invented whining, but they sure have perfected it.
Shar Tegral> Well someone please say something quotable for this month!!!! |
Roemy Schneider
BINFORD
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Posted - 2007.07.05 00:53:00 -
[16]
forgive me, stins, for i am slow. i was still following your definition from two months ago: Originally by: Stins Regarding "private businesses", ISSO loaned cash to several entities that are part of ISS, corps or persons. They work exactly the same as when I loan out cash to an entity that isnt related to ISS. They pay 10% interest each month, that's it.
as a follow up to Originally by: Stins Some of these loans also went into private businesses inside ISS.
alas, you ignored inquiries from last month and i am still carrying this around. suddenly redefining things when they become unpleasant is indeed "cowpoo".
@ lilan: having ISS in your corp history, even if only a month, i can fully understand you're trying to shoot down opposition. maybe it has been policy inside ISS to never achieve anything beyond 5% dividend. it is true; 5% were all that was guaranteed. but ISSO has never been a bond and the projections have always gone beyond 10%, where the shareholders benefit again. -
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Lilan Kahn
Amarr The Littlest Hobos Betrayal Under Mayhem
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Posted - 2007.07.05 13:22:00 -
[17]
okay so you also lack reading comprehension if you think i was in iss for 1 month.
again go read the ipo you stil dont get it aprently
Originally by: Eris Discordia
We break after X amount of threads, then we go wild and then we get our medication.
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Prodigal
Caldari New Genesis Project
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Posted - 2007.07.07 02:12:00 -
[18]
Originally by: Stins
balance sheet
------------- Assets 21102 shares in wallet 116,3 bn ISK loans 93,7 bn ISK industrial assets (BPOs, inventory, POS) 0,45 bn ISK trade assets/market orders 43,6 bn ISK shopping baskets 32,9 bn ISK cash ---------- 288,9 bill ISK
Liabilities 28898 shares outstanding 10 Misk per share IPO price ------------ 288,9 bill ISK
It would be interesting to see how much of the assets are BPOs/POS (Equipment)/Inventory?
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Shadarle
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Posted - 2007.07.07 07:18:00 -
[19]
I signed on for 5% every month. If it ever goes over that then it's a bonus. Sure, if ISSO didn't lose the stations they'd prob be well over 10% from the first month or two, but nothing can be done about that. It would be great if it starts paying more than 5%. Might even have to buy up more shares if it does.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Nyphur
Pillowsoft
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Posted - 2007.07.07 09:09:00 -
[20]
I am bloody impressed. Almost at 10%.
Eve-Tanking.com - Nobody reads this slogan. |
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Stins
Interstellar Starbase Syndicate Operations Interstellar Starbase Syndicate
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Posted - 2007.07.07 11:10:00 -
[21]
Originally by: Prodigal
Originally by: Stins
balance sheet
------------- Assets 21102 shares in wallet 116,3 bn ISK loans 93,7 bn ISK industrial assets (BPOs, inventory, POS) 0,45 bn ISK trade assets/market orders 43,6 bn ISK shopping baskets 32,9 bn ISK cash ---------- 288,9 bill ISK
Liabilities 28898 shares outstanding 10 Misk per share IPO price ------------ 288,9 bill ISK
It would be interesting to see how much of the assets are BPOs/POS (Equipment)/Inventory?
Blueprints: 82B POS equipment: 270M Inventory: 11,5B
Inventory = minerals, T2 components, POS fuel etc etc, basically everything we use to feed our production lines (except the bps obviously :)) POS equipment is only a few modules, the tower is owned by one of our guys on the team.
Stins, ISS Finance Director
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Prodigal
Caldari New Genesis Project
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Posted - 2007.07.07 12:49:00 -
[22]
Originally by: Stins
balance sheet
------------- Assets 21102 shares in wallet 116,3 bn ISK loans 93,7 bn ISK industrial assets (BPOs, inventory, POS) 0,45 bn ISK trade assets/market orders 43,6 bn ISK shopping baskets 32,9 bn ISK cash ---------- 288,9 bill ISK
Liabilities 28898 shares outstanding 10 Misk per share IPO price ------------ 288,9 bill ISK
Thanks for the details on the assets btw.....
I hope this doesn't sound too silly but....
What exactly are "shopping baskets"? |
Nyphur
Pillowsoft
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Posted - 2007.07.07 13:01:00 -
[23]
Originally by: Prodigal I hope this doesn't sound too silly but....
What exactly are "shopping baskets"?
Preset packages of tech 2 goodies. A number of billion isk worth of modules, ammo and ships are bought at empire prices and then delivered to remote locations for resale at a profit. I imagine by now they have a firm grasp of what sells and what doesn't and are tailoring shopping baskets based on that. I'd expect ISSO's performance to steadily increase over time.
Eve-Tanking.com - Nobody reads this slogan. |
Shadarle
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Posted - 2007.07.08 01:40:00 -
[24]
Originally by: Nyphur
Originally by: Prodigal I hope this doesn't sound too silly but....
What exactly are "shopping baskets"?
Preset packages of tech 2 goodies. A number of billion isk worth of modules, ammo and ships are bought at empire prices and then delivered to remote locations for resale at a profit. I imagine by now they have a firm grasp of what sells and what doesn't and are tailoring shopping baskets based on that. I'd expect ISSO's performance to steadily increase over time.
Indeed. The fact that they hit nearly 10% so quickly after their massive misfortune shows that they are doing quite well.
If they do hit 15%+ eventually I'd be surprised... considering how lucrative their idea is.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Roemy Schneider
BINFORD
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Posted - 2007.07.08 03:24:00 -
[25]
...and considering they could just outsource a shopping basket to some ISS guy with aloan and just dump the 10% interest in the ISSO -
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Prodigal
Caldari New Genesis Project
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Posted - 2007.07.08 04:54:00 -
[26]
Originally by: Stins
Our main markets stay very stable and demand is high. We actually had allmost no items on the market when I made our inventory check, so demand is high enough to expand.
My questions regarding the baskets was actually in response to this statement.
I do not really understand what Shadarle and Roemy are talking about right above, however, if the baskets are essentially goods that are on the market in 0.0 or waiting in Empire to be delivered to 0.0, they are still essentially trade assets/market orders.
Stins, I hope you dont misread my intention here. I was pretty impressed how you guys essentially pulled a rabbit our of your arses with the "Travelling Caravan" scheme and made the best of a pretty ****ty situation.
Your report is pretty informative, almost as good as Alewins here. I look forward to watching this develop.
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Ray McCormack
BIG
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Posted - 2007.07.08 10:14:00 -
[27]
Originally by: Roemy Schneider ...and considering they could just outsource a shopping basket to some ISS guy with aloan and just dump the 10% interest in the ISSO
Originally by: Stins By the way, we stopped loaning out isk, because in the past, it was a good way to secure a part of our profits, but now we are at a point, where we easily can make more money in other fields as in loans, and also have the manpower to do so. So no more loans are given out at this moment.
| Free Research On BS BPOs | BMBE ISK Loans | |
Roemy Schneider
BINFORD
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Posted - 2007.07.08 17:55:00 -
[28]
Originally by: Stins indeed, new record in loans...
-
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Ray McCormack
BIG
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Posted - 2007.07.08 18:20:00 -
[29]
Originally by: Roemy Schneider they could just outsource a shopping basket to some ISS guy with aloan
Originally by: Stins no more loans are given out at this moment.
| Free Research On BS BPOs | BMBE ISK Loans | |
Roemy Schneider
BINFORD
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Posted - 2007.07.08 19:40:00 -
[30]
Originally by: Nyphur [...]The distinction between ISS and ISSO is very important.[...]
well and what keeps them from handing out loans as soon as a project goes beyond 10%. for example, if they decided to keep 30% profit ( generated by... say... large scale rig production) out of the reports, they could just loan some guy in ISS money for a month's buy orders' materials. he then just pays 10% to the ISSO, and the owners get only the bare minimum, while some ISS entity runs away with the other 25%. this is a basic conflict of interest and, as i said, it is disturbing how matter-of-course this is being handled.
the ISSO sale had "going public" written all over it and we invested in that. this goes across three of the first paragraphs in the PDF Quote: [...]We are selling shares in ISS itelf - we are going public with the alliance.
for the ISS it is a logical step™ and we believe it is the first time a player driven entity in any MMO become truly community owned. You can be part of this unique Venture in EVE-Online.
The buyers of these shares become owners of the alliance[...]
even the (non-existant) outposts got dumped on us - without an ISSO vote, but hey... so yes; it is safe to say we own ISS. if that was never the intention, then it was sold under false pretense and it's a scam. (and i try to avoid throwing the s-word around)
the ISSO corp and shares etc are just a means like all the other corps/alts run their bonds and/or IPOs etc.
everything the ISS does has to end up in the ISSO - loans to ISS members/corps/entitites has to stop. -
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