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Mensageiro Cai
Connect Productions
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Posted - 2007.09.21 14:42:00 -
[1]
Edited by: Mensageiro Cai on 21/09/2007 14:41:54 Following on from my previous post, HERE is the link to my draft (V1a) IPO.
I would like feedback on it. Please note I have not touched on trust within the IPO, and the accounting page is purely ficticious and does not represent any projected Connect Production's activities.
The IPO does also not reflect a 3rd party holding the invested amount in escrow. This will be finalised once a solution has been decided.
Comment away I guess... |
FastLearner
Fury Holdings Brutally Clever Empire
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Posted - 2007.09.21 22:26:00 -
[2]
A nicely laid out plan. Just a few quick points:
1. I suspect more people will read it and respond if you paste the text in here - even if you lose some of the formatting. A lot of people are rather paranoid about opening things like zip files.
2. Thread topic says "0.5 billion investment opportunity" - but isn't there actually only a 0.25 billion opportunity (value of IPO is .5 billion but only half of it it available to investors).
3. Where's your cut in it? From what I can see there's no management fee taken. Not only that, but unless I'm reading wrongly between the lines, you intend to use the other 0.25 billion you have to escrow as security for the investment. Why not just cut out the middle man, save yourself a lot of hassle, and run with the .5 billion you already have?
4. No point depreciating assets whose value doesn't drop. Value things like freighters at their market value - and only depreciate them if their market value drops. Artifically lowering their book value has the effect of unfairly penalising any investors who want to cash-out (by reporting a NAV that's lower than it should be).
I honestly wouldn't mess around with securing investment. Invest your whole 0.5 billion and raise another .5 from outside investors. You've put more effort into your plan than a lot have - make a proper IPO of it rather than some pretend one.
And take a percentage of profits for yourself for the work. It keeps you motivated - and investors know why you're doing it. I take 50% of profits in mine - but I deliver enough profit that no shareholder has ever complained about it. Some people said that was greed when I launched the IPO - they're left getting a lot less profit from less "greedy" investments. As you have no reputation yet, I'd suggest you use a management fee formula of something along the lines of you getting half of all profits over 8% per month. That gives you the scope to make a a nice profit - and means you get nothing if you don't put the effort in. On a small-scale investment like this you should be able to make 30-40% profit per month no problem (though not sure T1 module manufacturing is most profitable area to be in).
Make changes along those lines (no security and you take a decent cut) and I'll invest 100 million. If you prefer your original route then I'll escrow the 250 million for you (paying 1.4% interest per week on it) with it being returned once dividends to share-holders have reached 100% of investment OR the IPO has been cancelled with a full refund to share-holders.
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Mensageiro Cai
Connect Productions
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Posted - 2007.09.22 17:22:00 -
[3]
I am kind of getting a cut, since the buyback option is not for 100% of the current share value. Yes it is a small cut but it's a reasonable one for the work I have to put in.
If I ever expand and actually have to place Buy orders for my components then I will re-draft the IPO and place in a management fee.
I will copy and paste the text here on Monday (the document's at work) to see if people will look at it.
Your comments have been taken on board and i'll have a think over the weekend to see how I could improve it. P.S. Sorry for my style f writing and reporting - I'm an engineer by profession and i'm kinda used to writing that way |
Shadarle
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Posted - 2007.09.22 17:31:00 -
[4]
Originally by: Mensageiro Cai If I ever expand and actually have to place Buy orders for my components then I will re-draft the IPO and place in a management fee.
This means you do not use buy orders now? Does this mean you either buy from sell orders? Or do you have a supplier for your minerals?
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Mensageiro Cai
Connect Productions
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Posted - 2007.09.23 11:37:00 -
[5]
At present I buy from Sell Orders.
I have target prices for all of my minerals, and buy in bulk when the price of the mineral drops below my target price. This is because, at present, I am still dealing with low amounts of ISK. This may change when I am working with more substantial sums of ISK, but with the volumes of materials I need it is hardly worth it. |
Daeva Vios
Ardent Adversary Anvil.
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Posted - 2007.09.23 16:27:00 -
[6]
Edited by: Daeva Vios on 23/09/2007 16:31:24 Edited by: Daeva Vios on 23/09/2007 16:27:51 Your profit margins could be increased exponentially if you considered other methods of procuring the raw materials, and that would be far more attractive. I would put more consideration into using another method, even if just in addition to buying from Sell Orders.
If you institute the changes FastLearner suggested, I'll be in for the limit.
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KarateKid
D00M. Triumvirate.
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Posted - 2007.09.23 20:06:00 -
[7]
Is it possible to reserve 5 blocks of shares now? If so please note me down for 5 blocks.
If not, when do you plan on starting the sales? ________________________________________________________
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Shadarle
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Posted - 2007.09.23 20:28:00 -
[8]
Originally by: Mensageiro Cai At present I buy from Sell Orders.
I have target prices for all of my minerals, and buy in bulk when the price of the mineral drops below my target price. This is because, at present, I am still dealing with low amounts of ISK. This may change when I am working with more substantial sums of ISK, but with the volumes of materials I need it is hardly worth it.
I don't understand why you don't use buy orders in addition, to get some of your minerals and then fill in the gaps with sell orders.... but whatever, to each his own
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Mensageiro Cai
Connect Productions
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Posted - 2007.09.24 11:13:00 -
[9]
I have studied Buy Orders for at least 3 months now for the minerals that I purchase, and I cannot rely on my order to be filled to allow for continuous production. I also have less time than most people to micro-manage my Buy Orders to ensure they get filled.
As my ISK grows, and my production expands there will be less reliance on the items I currently manufacture, so I will be able to post Buy Orders, but I cannot see this happening before my available isk tops 1 billion.
I cannot take reservations of shares just now, as the details of the IPO may change as I refine it. All I can say is that the IPO will launch in the near future! |
Daeva Vios
Ardent Adversary Anvil.
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Posted - 2007.09.24 11:20:00 -
[10]
Edited by: Daeva Vios on 24/09/2007 11:25:31 I'm curious how you came to the conclusion that you would be incapable of maintaining reasonable production rates while using Buy Orders.
With a cursory glance at my Market History, you'd have to be producing a whole lot of stuff.
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Mensageiro Cai
Connect Productions
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Posted - 2007.09.24 11:29:00 -
[11]
It's not so much the volume of purchased materials, it's more the fact that I cannot update my orders for something like 19 hours of the day Mon - Fri.
I may experiment with some small-scale Buy Orders but I doubt they will meet my requirements. |
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