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Ricdic's Hoe
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Posted - 2008.01.29 13:47:00 -
[61]
Anyone who owns C-R-A, CPH, TCCS shares is well advised to check the following thread
Simply put I am instating a buyback order on all of these after the next dividend, to merge them all into the OMG Behemoth. The buyback will be made either in isk or in trade for OMG shares (of which an additional 25b have been provided for this specific task)
Ambo, my next post will answer your edited in questions
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Dohkar
Amarr Statler and Waldorf LLC
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Posted - 2008.01.29 14:17:00 -
[62]
Damn my time zone!
250mil if it ever gets this far down.
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Ayami Sakura
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Posted - 2008.01.29 14:24:00 -
[63]
Reserving 1b isk worth of shares in case anyone backs out.
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Myrdyr
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Posted - 2008.01.29 14:29:00 -
[64]
Originally by: Ricdic Hi! I'm going to make minimum 7bil a month by creating business for my other businesses! I won't tell you what I'm doing until after I have your isk!
Only a small handful of people could get away with this. Nice job. Please post constructively. ~Saint |
Vanora Kime
Caldari Reapage Inc.
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Posted - 2008.01.29 14:31:00 -
[65]
Please reserve 3b worth of shares in the case enough people pull out when this actually starts.
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jenga
Caldari Thundercats RAZOR Alliance
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Posted - 2008.01.29 14:35:00 -
[66]
doubt it will come this far down but i will take 150 mill of shares
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Titus Lewis
Suddenly Successful
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Posted - 2008.01.29 14:36:00 -
[67]
I want 500M if they become available. Also, hello. |
Bryg Philomena
Green Lantern Corps
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Posted - 2008.01.29 14:42:00 -
[68]
I'll reserve 100m worth if anyone backs out.
Originally by: CCP Wrangler Am I reading this correctly? You claim you have a bug that undresses female avatars???
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BhurakStarkiller
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Posted - 2008.01.29 14:44:00 -
[69]
2,5b, if possible |
Ricdic's Hoe
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Posted - 2008.01.29 14:48:00 -
[70]
Originally by: Ambo 1. A few months back you were selling off many of your shares to generate capital for a big project. Is this it?
Nope. My business idea back then was basically to create a handful of characters and use them to action a business idea I had that the public hadn't taken advantage of. Now those characters have been in training all his time and half of them have reached fruition. Thus far they are making 200m profit per day (off 50% optimal performance) utilising around 40 minutes per day and I have stock in demand.
So the business plan I had when selling those shares thus far is taking off in a magnificent way (only 3 days into it so far) but throwing 125b into it would hardcore flood the product. Short answer, no it's completely separate.
Quote: If not, is that money no longer available/not enough for this?
Those shares I sold raised around 15b. Of that 15b I spent 5b on a golem that died last night and about 10b on the project (not omg)
Quote: 2. Obviously it looks like you're doing invention/research. If it was anyone else I would almost certainly require specifics, in your case, I trust your integrity and market knowledge but I'd still prefer a little more detail.
Only one person knows and that's Matalino as his DATAC project will be able to assist this one in a few different ways. Either way I doubt it will be long before people find out what I am doing but it's better they find out after it starts rather than before.
Quote: 3. If shares are not available now, when will they be and when will the first dividend be.
Shares in about 30 hours hopefully. I won't be accepting money just yet tho, I still need to check a few things. Probably 2-4 days before I get people's cash off them. Dividend I believe I mentioned 01st of April but depends on start date. I need around a 45 day leadtime.
Quote: Good luck with this, I think we've been seriously lacking good, decent sized IPOs recently.
Well that's kinda what I figured. I believe I can emulate this with a 1 trillion isk IPO (and I was rather tempted) but I feel too large a corporate venture here would hinder on EBANK's progress which I feel is an establishment that has too much work in it to be hindered by myself.
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StarCrash
Minmatar The Graduates Brutally Clever Empire
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Posted - 2008.01.29 14:53:00 -
[71]
I would like 100 million in share i can pay 50 million now from my ebank account and 50 million once i m home from work
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Tobin Shalim
Vulcan Foundry
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Posted - 2008.01.29 16:23:00 -
[72]
If they're available want to reserve 20m in shares please.
Yes, small amount, but it's not doing anything for me right now. |
Atherin Gaius
Caldari Domini Umbrus VENOM Alliance
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Posted - 2008.01.29 16:25:00 -
[73]
Crap! Another investment missed.
100bil IPO and it fills in under 5 hours.
When do the rest of us get to play? Again the rich get richer and the rest of get to sit on the sidelines and read about all the cool stuff we could invest in an make money in if we sat on the forums for 23 hours a day everyday.
Well if people pull out and it makes it down this far on the list I'm in for 500mil. But we all know that that will never happen.
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Myrdyr
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Posted - 2008.01.29 16:29:00 -
[74]
You say you expect 7-20% profits and plan to take 10% of profits as salary. For 7% profits this means you'd be taking ~778mil off the top. At 20% profits you'd be taking 2.2bil. So from 26mil/day to 73mil/day.
How is that worth your time and why should anyone trust someone willing to sell themselves so short?
How much are the assets you are buying out actually worth, and is that being considered in terms of profit generated?
When EBank buys out the investors how much of the 7bil interest paid to Ebank will go into your own pocket?
You have a great reputation, but what's it REALLY based on? There's no links to prior work, it's generally inferred that you're in some way responsible for EBank, and you say there's security via C-R-A, but who are the directors in C-R-A and what exactly is securing this IPO?
You should have wrote up your IPO documents and handed them over to a director in EBank without your name on them and asked them what they thought. That's about what this IPO, as it stands, is worth. Nothing but your name. Please post constructively. ~Saint |
Tobin Shalim
Vulcan Foundry
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Posted - 2008.01.29 16:37:00 -
[75]
Originally by: Atherin Gaius Crap! Another investment missed.
100bil IPO and it fills in under 5 hours.
When do the rest of us get to play? Again the rich get richer and the rest of get to sit on the sidelines and read about all the cool stuff we could invest in an make money in if we sat on the forums for 23 hours a day everyday.
welcome to the same rant\problem i said in a previous IPO thread, which spawned Ricdic's market experiment |
Nyphur
Pillowsoft
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Posted - 2008.01.29 16:44:00 -
[76]
Originally by: Myrdyr You should have wrote up your IPO documents and handed them over to a director in EBank without your name on them and asked them what they thought. That's about what this IPO, as it stands, is worth. Nothing but your name.
According to reservations, Ricdic's name is worth in vast excess of the 100b he's asking for ;).
Eve-Tanking.com - We're sorry, something happened. |
Ulstan
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Posted - 2008.01.29 16:53:00 -
[77]
Go ahead and put me on your 'waiting list' for 250 mill.
I think what this really shows is that there is a *ton* of money sitting around in wallets not doing anything. Granted, Ricdic has pretty sterling reputation, but I feel pretty confident he could raise 5 times this amount in two days.
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Myrdyr
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Posted - 2008.01.29 16:54:00 -
[78]
Well sure, but his name is the same one that was indirectly used by Riethe to scam several dozen billion.
That said, I don't think this IPO in particular is a scam. It's certainly a nice lead up to a potential trillion isk scam though -- first, see how much his name is worth by seeing what happens when he invests in Riethe, then see how quick he can secure 100bil, then go for the trillion. Please post constructively. ~Saint |
Atherin Gaius
Caldari Domini Umbrus VENOM Alliance
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Posted - 2008.01.29 16:58:00 -
[79]
So this is the precursor IPO to allow him to make 7-10mil amonth every months just so he can come back in a 6 months and do an IPO for a trillion ISK?
Really it sounds like he doesn't need a trillion ISK scam, he can afford to faction fit and loose a golem or two every month and still have isk to live.
So are you purposely trying to sully Ricdic's name?
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LaVista Vista
Conservative Shenanigans Party
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Posted - 2008.01.29 17:03:00 -
[80]
Originally by: Atherin Gaius So this is the precursor IPO to allow him to make 7-10mil amonth every months just so he can come back in a 6 months and do an IPO for a trillion ISK?
Really it sounds like he doesn't need a trillion ISK scam, he can afford to faction fit and loose a golem or two every month and still have isk to live.
So are you purposely trying to sully Ricdic's name?
Ha. Were you watching the Ebank channel when we talked about that a few hours ago? In that case, you should realise it was a joke.
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Myrdyr
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Posted - 2008.01.29 17:37:00 -
[81]
Originally by: Atherin Gaius Really it sounds like he doesn't need a trillion ISK scam, he can afford to faction fit and loose a golem or two every month and still have isk to live.
So are you purposely trying to sully Ricdic's name?
He doesn't need a 100billion IPO; so what's he up to?
I haven't done anything to Ricdic's name he hasn't done himself, just bringing it up for relevance. Based off the Riethe incident the best case scenario is that he is a poor judge of character, which is fine, except that I've never seen any history of him running anything profitably, and his wealth is mere rumor.
I also am not keen on the idea of trusting someone with large sums of money just because they have large sums of money. He's got no motivation to perform beyond whatever his personal agenda is, especially given his low personal payout and that's a recipe for disaster.
It's also a pretty ridiculous conflict of interest to allow Ricdic to take out a 100bil loan from EBank. Please post constructively. ~Saint |
Ricdic's Hoe
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Posted - 2008.01.29 17:37:00 -
[82]
Originally by: Myrdyr You say you expect 7-20% profits and plan to take 10% of profits as salary. For 7% profits this means you'd be taking ~778mil off the top. At 20% profits you'd be taking 2.2bil. So from 26mil/day to 73mil/day.
I gave an example further up
Quote: How is that worth your time and why should anyone trust someone willing to sell themselves so short?
Normally I don't take a salary at all. I have been running C-R-A, CPH, TCCS, EBANK for a combined total of 2.5 years and not taken a salary. This time I decided to take a small one.
The key factor in this IPO, is that it has a goal post. I can take it to a point where I privatise when I and EBANK are ready in that I can turn the whole thing into my own. So the first few months random income to investors is me saying "thanks for investing in me for a little bit". I would have gone to EBANK from the start but we don't have the capital for a few months so rather than missing the profit train I decided to mix it up a bit whilst getting the community involved. My true profit will be once all is privatised and EBANK debts are repaid.
Quote: How much are the assets you are buying out actually worth, and is that being considered in terms of profit generated?
They are worth what I am paying for them. NPC price. If I spend 17b on an item then it is worth 17b. If your question was "how much of the assets in an isk sense will be secured" I would suggest approx 90-95b out of 125b.
Quote: When EBank buys out the investors how much of the 7bil interest paid to Ebank will go into your own pocket?
Nothing. I don't get paid for EBANK. Nor does anyone in EBANK. Right now all EBANK income is reinvested into EBANK so we basically just make a crapload of money. Then one day when we close shop we pay everyone out and figure out what to do with whats left (ie split between everyone, buy lots of quafe etc)
Quote: You have a great reputation, but what's it REALLY based on?
Dunno if I am qualified to answer that. Most of those who invested know exactly who I am, and what I have accomplished in this game mostly from a public perception. I guess if you don't know who I am or what history I have you shouldn't be investing in the first place. Means you aren't doing your research
Quote: There's no links to prior work
go to www.eve-search.com and search for Ricdic. If it doesn't break Chribba's site you should get all the info you could ever imagine.
Quote: it's generally inferred that you're in some way responsible for EBank
Being the founder and current CEO of EBANK may imply I have some association with it, sure
Quote: and you say there's security via C-R-A, but who are the directors in C-R-A and what exactly is securing this IPO?
The directors of C-R-A are Ricdic (CEO), Ricdic's Hoe and Researching Duchess. They are all me. However in the other post regarding a merger of all operations I explain how I will have a board organised. It can be seen by clicking on Market Discussions at the top of this screen and clicking on the second link that says "OMG"
Quote: You should have wrote up your IPO documents and handed them over to a director in EBank without your name on them and asked them what they thought.
How come? I wrote this business proposal up in a 20 minute window on my lunch break at work. I didn't even do a spell checker. It was supposed to be a discussion with option to reserve but it all sold out before being discussed
Quote: That's about what this IPO, as it stands, is worth. Nothing but your name.
Is that a compliment?
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Ricdic's Hoe
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Posted - 2008.01.29 17:43:00 -
[83]
Originally by: Myrdyr That said, I don't think this IPO in particular is a scam. It's certainly a nice lead up to a potential trillion isk scam though -- first, see how much his name is worth by seeing what happens when he invests in Riethe, then see how quick he can secure 100bil, then go for the trillion.
Sure, if you start my whole public reputation from the Riethe incident and ignore the 3 prior years spent in these MD forums running public corporations worth 10b each. Obviously I have spent the last 3 years building up to the ultimate scam, and even though I could have asked for 500b today and likely gotten it I somehow chose 100b as it's a far better way to pull a scam
To be frank, if I ever pulled a scam I still think people would be saying I sold myself short no matter the price. For the local conspiracy theorist Myrdyr do a search on eve-search or even google for EIB or read this article. Did you know I used to be an EIB bank teller?
Thought you could use that, it should help you discredit me further
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Ricdic's Hoe
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Posted - 2008.01.29 17:48:00 -
[84]
Originally by: Atherin Gaius Really it sounds like he doesn't need a trillion ISK scam, he can afford to faction fit and loose a golem or two every month and still have isk to live.
Dunno if I can afford it . That 5 billion isk Golem was about 20% of my personal net worth, and I had probably clocked up about 4 hours flight time in it total before it was destroyed . Having said that, I don't often actually try to make myself isk. When I want to earn personal cash I do, but most of the time I have nothing to do with it so I just make other people cash.
IE As I know I will soon have a 125b loan with EBANK I have my old/new plan in action in generating isk. At 50% capacity (waiting on a few more chars to get skilled) I am making 200m per day profit off 30-40 mins work (not undocking). At full capacity I expect this to increase to about 500m per day with about 1 hours work per day.
Once I pay that EBANK 125b loan off I will have a nice big fat net worth and 7-20b a month profit to spend on faction fitted uninsured golems.
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Myrdyr
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Posted - 2008.01.29 17:48:00 -
[85]
So, basically, you're being cavalier with your name and reputation again despite similar actions having already cost the community.
If you don't have time to do something right, don't do it awfully, wait until you have the time to do it correctly. You have a name people are willing to throw 100billion at and you refuse to recognize the responsibility this entails?
As far as whatever details I could pull up off eve-search or whatever other details you've sloshed together in multiple threads; what, so you're so important I should have to look up completely relevant details myself? That way lies egomania.
It's a joke to have made this IPO public in the first place. Please post constructively. ~Saint |
Ricdic's Hoe
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Posted - 2008.01.29 17:52:00 -
[86]
Edited by: Ricdic''s Hoe on 29/01/2008 17:52:51
Originally by: Myrdyr Based off the Riethe incident the best case scenario is that he is a poor judge of character
Ahh of course. Of the 50 or so people I have successfully done trust based business with, a single one has scammed me and I am a poor judge of character?
Quote: which is fine, except that I've never seen any history of him running anything profitably
Get rid of that exclamation mark, get past your trial, and learn how to use the search function and you might learn a thing or two
Quote: and his wealth is mere rumor.
I am usually fairly clear about my personal wealth. Right now (after the 5b loss) I would estimate my personal net worth at around 15b (not counting character resales etc etc). If you factor in my 8 accounts and 20 characters values we are probably looking at a total of about 25b. Not much huh
Quote: I also am not keen on the idea of trusting someone with large sums of money just because they have large sums of money. He's got no motivation to perform beyond whatever his personal agenda is, especially given his low personal payout and that's a recipe for disaster.
Obviously
Quote: It's also a pretty ridiculous conflict of interest to allow Ricdic to take out a 100bil loan from EBank.
Sure, I can't think of anything worse than putting trust into the founder of a large bank to take out a fully secured loan. And yes, once it's all organised it will be fully secured and not just by me
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Martosh Toma
Gallente Fraction Investment
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Posted - 2008.01.29 17:52:00 -
[87]
Inertial,
You can get those 5 shares at no extra cost from my reservation if Ricdic does not expand this ipo. One thing though, if you offer me 120% on the shares you risk not earning very much, with the entire public phase of this ipo possebly lasting only 3 months and the minimum revenue at 7%. Is owning shares so exiting to you you would offer the minimum revenues over the entire duration of this ipo just you aquire some? I am just glad I was in time to reserve and I am more than happy to share that bit of luck with someone else at this time.
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Ricdic's Hoe
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Posted - 2008.01.29 18:04:00 -
[88]
Originally by: Myrdyr So, basically, you're being cavalier with your name and reputation again despite similar actions having already cost the community.
Hardly the same. People got complacent with Riethe (including myself) even though he was still a new guy. I have been around a long time, and dealt in lots of billions of isk through a good portion of the people investing here. These people understand how I handle things and I like to think they understand that my limited input on the matter is for the good of the operation itself.
Here I got a good idea. Lets tell the public I am starting a Titan BPO copying service.
Day 1 "Hey guys, I will be moving 2 Titan BPO's 18 jumps tomorrow after downtime. Just thought you should know"
Day 2 "Guys, I am sorry to say but someone knew I was carrying these bpo's. Even though I was using a faction fitted Golem to courier the goods I was suicide ganked by a large force and lost the assets"
Now, I am not doing anything even closely related to Titan's but I hope you understand the point. You can look up Titan's ingame if you don't know what they are (as I can see you are quite new to Eve)
Quote: You have a name people are willing to throw 100billion at and you refuse to recognize the responsibility this entails?
I have stated everything necessary to give the investors reason enough to invest in me. They have read my plan, accepted my processes and actioned their reservations. If you don't like the way I handle things don't invest. Minimum investment is 1m anyway.
Quote: As far as whatever details I could pull up off eve-search or whatever other details you've sloshed together in multiple threads; what, so you're so important I should have to look up completely relevant details myself? That way lies egomania.
Hardly. The big problem here is that you are too lazy to do your own research. You want it all done for you. Sure I could spout a whole lot of BS about how I have huge net worth, or I fund large alliances but it is meaningless. I have proven myself through consistency over time. If you don't trust in my word, and don't want to research who I am, what I do, and what I stand for, then I don't want your money. It's not people like me who make people lose investment money. It's people like you. You invest in someone based on their fancy words not on their actions.
Guess what sunshine. Anyone can write whatever they want here. If you want proof, go to the source. I won't do your homework for you on my own IPO or anyone else's.
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Oron
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Posted - 2008.01.29 18:05:00 -
[89]
i like to reserve 500mil in case you expand this future
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Shar Tegral
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Posted - 2008.01.29 18:12:00 -
[90]
Originally by: Ricdic's Hoe IE As I know I will soon have a 125b loan with EBANK I have my old/new plan in action in generating isk.
I'll be blunt - You don't have a guaranteed loan. There's been no discussion about this at Ebank, in any regard, and until such a time as there is discussion regarding this it ain't happening. Legitimately that is. |
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