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Roy2006
White Knight's Production inc. AKA-AHN KINGDOM
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Posted - 2008.01.29 23:25:00 -
[121]
you can put me down for 100 mill worth
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Roemy Schneider
BINFORD Solidus Alliance
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Posted - 2008.01.29 23:39:00 -
[122]
... too late again =(
YARR!! proton's IPO will be ALL MINE! - putting the gist back into logistics |
Raskor
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Posted - 2008.01.30 00:19:00 -
[123]
I wish to reserve 200m ISK worth of shares (if any are left).
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Ricdic's Hoe
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Posted - 2008.01.30 00:59:00 -
[124]
Originally by: Treelox Look at the last project ricdic started, he "quit" less than a third of the way in, because of RL time constraints.
Actually that last project still runs as it were. I modified that project to suit my RL and ingame commitments. When you consider time between the two, the market project was between 3-7 hours a day of work whilst this one commands less than a day. Plus it wasn't publically funded. How many publically funded corporations have I given up on before?
More so, how many public corporations have I run that has caused investors to lose money? that's right, not a single one. My failed CPH corporation stlil got people their money and interest back even at a decent personal financial loss to myself.
I just wanted to clear up the "quitter" persona as I have never done this with any publically run corp.
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Ricdic's Hoe
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Posted - 2008.01.30 01:13:00 -
[125]
After having taken it from both sides by the board of EBANK and by the customer's for other reasons I have decided this isn't gonna work. The reason I done this was to push all of my services into one far more manageable one. Anyway for whatever reason it's unlikely to go through so I am announcing the latest changes:
1) C-R-A will go up for auction. It will start at a price of 10 billion isk and sell for whatever price it reaches. C-R-A shareholders will then recieve final dividends based on this.
2) TCCS will liquidate after this next dividend and repay it's investors based on liquidation numbers.
3) CPH I will continue to run as normal slowly buying it back as I have been doing.
OMG Enterprises won't be happening as the key element of it was my ability to privatise it over a few months so I could reduce my public liabilities. Anyway it has been made quite clear to me that EBANK won't have anything to do with this so OMG will not be created. Those who sent funds will get them back. If OMG is re-opened at a later date I will honor those reservations first made.
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Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2008.01.30 01:26:00 -
[126]
Originally by: Ricdic's Hoe How many publically funded corporations have I given up on before?
Well since you asked......
Seriously though my main objection is that you went off halfchaulked(misspelled on purpose), ideally you should of had your duckies lined up before you went public. Should have thought things out, checked with the BOD before hand, etc etc. --
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Ricdic's Hoe
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Posted - 2008.01.30 01:46:00 -
[127]
Originally by: Treelox
Originally by: Ricdic's Hoe How many publically funded corporations have I given up on before?
Well since you asked......
Did you miss the part where I changed my mind and C-R-A is still completely run by me? I wouldn't call that given up on, I would call that closed down/sold etc. Much like what I am doing with all my corps now
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Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2008.01.30 01:53:00 -
[128]
Originally by: Ricdic's Hoe
Originally by: Treelox
Originally by: Ricdic's Hoe How many publically funded corporations have I given up on before?
Well since you asked......
Did you miss the part where I changed my mind and C-R-A is still completely run by me?
Your mind was only changed because of public outcry/support/offers of alternate ideas. No I didnt miss the part where C-R-A is once again run by you, after your break of 6(?) months.
Although that whole thread goes to prove the other point I was making about going off half-chaulked. You originally in that thread decided to close down CRA, without having even explored other opitions, or so it seemed. Instead you threw a plan out without having done your pre public annoucement leg work.
As you and I know Ricdic this has been something I have teased you about for the almost the last 2years since we first became friends. It is a strength, but its also a weakness.
We can continue this conversation here if you like, or we can let it go as is. Your choice. --
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Cergorach
Amarr The Helix Foundation
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Posted - 2008.01.30 02:40:00 -
[129]
Alright, so this might not be the best presented business case, and went a bit iffy when other IPOs were bought out without consulting the investors. But instead of pointing fingers at each other, maybe the good folks of MD could layout the plan that it should have been, with all the correct procedures and regulations of MD. That way no one else will make the same mistake, and the next business plan Ridic will meet your approval...
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Astorothe
Aperture Science Industries
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Posted - 2008.01.30 07:49:00 -
[130]
Edited by: Astorothe on 30/01/2008 07:50:15 Edited reason: Stupid profanity filter
Gah, this whole thread was just a c()cktease
Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
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Kwint Sommer
Incoherent Inc Otaku Invasion
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Posted - 2008.01.30 08:01:00 -
[131]
Originally by: Astorothe
Gah, this whole thread was just a c()cktease
Yep, and look how many people bit.
I may have mixed the wrong analogies there....
5% Mining & Manufacturing Implants |
Ambo
2nd Outcasters
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Posted - 2008.01.30 08:55:00 -
[132]
shame
--------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
cosmoray
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Posted - 2008.01.30 13:59:00 -
[133]
Originally by: Ricdic's Hoe After having taken it from both sides by the board of EBANK and by the customer's for other reasons I have decided this isn't gonna work. The reason I done this was to push all of my services into one far more manageable one. Anyway for whatever reason it's unlikely to go through so I am announcing the latest changes:
1) C-R-A will go up for auction. It will start at a price of 10 billion isk and sell for whatever price it reaches. C-R-A shareholders will then recieve final dividends based on this.
2) TCCS will liquidate after this next dividend and repay it's investors based on liquidation numbers.
3) CPH I will continue to run as normal slowly buying it back as I have been doing.
OMG Enterprises won't be happening as the key element of it was my ability to privatise it over a few months so I could reduce my public liabilities. Anyway it has been made quite clear to me that EBANK won't have anything to do with this so OMG will not be created. Those who sent funds will get them back. If OMG is re-opened at a later date I will honor those reservations first made.
Ricdic whats the reason for selling all your corp's/IPO's?
One minute you have a plan to create a large conglomerate and now after the financing isn't in place you want to sell all your IPO's.
What does the TCCS and C-R-A state in the original IPO about winding up the business, and how it should be done?
I ask this because you have a good rep on the forums and you and a couple of others (Hexx to name one) have been pushing for certain IPO template standards and have asked new CEO's to come up with more detailed plans and have hounded current CEO's to stick to their business models.
Then you come in with a sales pitch which has no 'so-called' model, and you announce changes to your current businesses without involving shareholders or asking for a vote.
You have just done what you have been railing against for months!!
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Ray McCormack
hirr
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Posted - 2008.01.30 14:02:00 -
[134]
Originally by: Kwint Sommer
Originally by: Astorothe
Gah, this whole thread was just a c()cktease
Yep, and look how many people bit.
I resent being called a willy muncher...
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Myrdyr
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Posted - 2008.01.30 14:24:00 -
[135]
Originally by: Cergorach Alright, so this might not be the best presented business case, and went a bit iffy when other IPOs were bought out without consulting the investors. But instead of pointing fingers at each other, maybe the good folks of MD could layout the plan that it should have been, with all the correct procedures and regulations of MD. That way no one else will make the same mistake, and the next business plan Ridic will meet your approval...
This is the part where, as I predicted privately, Ricdic /emoragequits. He's not willing to present a reasonable business proposal. To paraphrase: You should do your own research.
So should he.
Got a light, Ricdic? Please post constructively. ~Saint |
Ricdic's Hoe
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Posted - 2008.01.30 14:25:00 -
[136]
Originally by: cosmoray Ricdic whats the reason for selling all your corp's/IPO's?
Privatisation. I wanted everything in one neat bunch as my ventures pretty much all piggyback off each other.
Quote: One minute you have a plan to create a large conglomerate and now after the financing isn't in place you want to sell all your IPO's.
I wanted the freedom to be able to handle my operations the way I felt fit, the way to shut them down if they weren't performing well, modify them to suit different scenario's etc, and ultimately lead to them being personally owned ventures.
Quote: What does the TCCS and C-R-A state in the original IPO about winding up the business, and how it should be done?
Dunno about TCCS as I had it passed to me by Erfnam but I don't believe either state anything specific regarding closure. These corporations started well before IPO regulations etc came into play.
Quote: I ask this because you have a good rep on the forums and you and a couple of others (Hexx to name one) have been pushing for certain IPO template standards and have asked new CEO's to come up with more detailed plans and have hounded current CEO's to stick to their business models.
I don't like the template myself. It's only decent purpose in my eyes is to make sure people are saying enough information about their ventures. But it's so cookie cutter I could have copy pasted 10 other people's ventures combined and had it pass your (investors) eyes. Instead I done as I have always done. I made sure everything was stated and released my data.
People normally need good business templates because they are trying to bs a person into trusting them. As I said to a troll a while back I am not here to make things look pretty. I am stating what needs to be stated and people will or won't invest based on that. Now people did choose to invest on that so obviously I was correct in my assumptions.
Quote: Then you come in with a sales pitch which has no 'so-called' model, and you announce changes to your current businesses without involving shareholders or asking for a vote.
That entire structure is in the best interests of the shareholders. If I run things as an auction of some form I guarantee shareholders will lose money. I turned C-R-A into the largest research organisation Eve has ever seen, I converted TCCS from a dud share everyone had thought was finalised into a behemoth shooting out dividends far more impressive than almost every other corporation in Eve. As a public corporation I failed with CPH. I should have written it off. Instead I have been personally funding my failure, paying for corporate losses through personal isk.
I have made my shareholders a lot of money. I was offering them very nice sums of money to cash out or convert to OMG. Why? Well would you like to perform an Asset Listing for C-R-A. I will pay you 100m to do it. Don't forget to count the 1200 bpo's and 3500 bpc's in corp hangars, make sure not to value staff owned blueprints in your valuation, go and count all the hangars, don't miss the fuel in some of the towers, and don't forget to bypass the mobile labs not owned by C-R-A.
My last valuation of C-R-A has not really changed. My last valuation of TCCS has not changed. Now, I last valued C-R-A at 17.5b (NAV) or thereabouts, and couldn't even get a 15b purchase offer for it, even with a 700+ member customerbase. But absolutely, shareholders WANT me to auction it off, then fine. It's their wallets being damaged in the end.
The whole structure behind OMG benefitted every single entity involved. Sadly so many people chose to ignore this completely. Anyway the offer is off the table. I am selling up my responsibilities one way or another. I will keep going with EBANK but that's it.
Obviously you guys are more comfortable putting 550b into Ionia's hands without a single question or statement so I will leave you to keep doing that.
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cosmoray
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Posted - 2008.01.30 14:57:00 -
[137]
I am happy now. Thx for answering questions
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Raskor
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Posted - 2008.01.30 15:35:00 -
[138]
Originally by: Ricdic's Hoe Obviously you guys are more comfortable putting 550b into Ionia's hands without a single question or statement so I will leave you to keep doing that.
You sell out a 100b IPO in under 4 hours and complain because some people ask a few legitimate questions?
I understand you are upset that EBANK won't back your loan, but now you are going to "pick up all your toys and go home" ???
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