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Ryu Kibegami
Caldari Mushin INC.
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Posted - 2008.04.25 09:41:00 -
[1]
Has anything new been posted about what is happening? I know Matt used to be very good about updating investors.
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Shar Tegral
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Posted - 2008.04.25 09:47:00 -
[2]
Originally by: Ryu Kibegami Has anything new been posted about what is happening? I know Matt used to be very good about updating investors.
Last update was: Market is crap. Of course the update before that was: Market is crap. So, from what I've seen, it is indeed crap and I think we are all happy to not have him making official announcements to update us on how crap it is. Mind you, I'm not an investor. I had a poor view of the viability of this IPO. In fact I think the notoriety of this IPO killed its own market. By highlighting, to an even higher degree, what kind of passive income datacore harvesting really is... even those whose IQ qualify them for "moron" badges finally got the picture and drowned the market. There's a moral to this story but I couldn't be arsed to spell it out.
To Shar -verb: 1 - To say what you mean. 2 - To say what it means. 3 - To say something mean. |
EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.04.25 09:56:00 -
[3]
This will be the kind of business that's most profitable at this point if it only pays dividends ie once per year. The less spent on GTC re-activations the more potential profit.
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Shar Tegral
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Posted - 2008.04.25 10:15:00 -
[4]
Edited by: Shar Tegral on 25/04/2008 10:15:29
Originally by: EBANK Ricdic The less spent on GTC re-activations the more potential profit.
Yes, I should have pointed that out. Now that Matt has taken this project into a passive account mode the profitability is likely to improve greatly. My complaint, which doesn't matter, is that the original ipo should've used this passive activity as the absolute bottom income. Instead it calculated the bottom most datacore pricing from an activity account perspective. I know some will say that it is people underpricing themselves that is killing the market but that's not really the case. Active accounts passively farming datacores, exclusively, are not engaged in any overhead offsetting activities. As an example, a mission runner who is also datacore farming. He's not going to say, "GTC cost/X number of datacores". He's going to guestimate what datacores are worth in comparison. And that guestimation is likely to be influenced, psychologically, by what people are setting up "buy" orders for. So, this ipo was much more vulnerable than it presented itself and is now in a restructuring. Part of that restructuring is the simplified process he's going to use. Every so many months he's going to active the researchers, dump datacores, and toss some isk at you people to shut you up. It's all he can do at this point.
To Shar -verb: 1 - To say what you mean. 2 - To say what it means. 3 - To say something mean. |
Cergorach
Amarr The Helix Foundation
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Posted - 2008.04.25 10:33:00 -
[5]
Originally by: Shar Tegral
In fact I think the notoriety of this IPO killed its own market. By highlighting, to an even higher degree, what kind of passive income datacore harvesting really is... even those whose IQ qualify them for "moron" badges finally got the picture and drowned the market.
The market became 'crap' just a few months after the launch of this IPO. If you keep in mind that it takes around six months to fully train the three characters on an account, you'll notice that the folks that drowned the market got a head start in that market...
Currently a fully trained ME DC account can generate enough isk to supply to accounts with GTCs. But it takes a while before it's trained to that level, and that takes time, isk, and a lot of effort for relatively little return. On the other hand, if you do other things with those accounts...
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Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2008.04.25 10:56:00 -
[6]
I think we're almost past the point where 1 character farming datacores can keep an account going on GTCs. It's quite fortunate for those of us who do this that we're seeing a corresponding drop in GTC prices. My research services Spreadsheets: Top speed calculation - Halo Implant stats |
Minerva Vulcan
Caldari The Nexus Foundation
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Posted - 2008.04.25 12:13:00 -
[7]
Last I knew he wasn't going to be posting regular updates, because, well, there's really nothing to update on.
As has been mentioned, accounts are sitting inactive right now accumulating RP.
When he decides it's time to reactivate some, sell some cores, and pay out more dividends, I'm sure he'll let everyone know.
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Matalino
Gallente Ki Tech Industries
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Posted - 2008.04.25 15:11:00 -
[8]
Originally by: Minerva Vulcan Last I knew he wasn't going to be posting regular updates, because, well, there's really nothing to update on.
This is still the case.
I have noted alot of speculation in this thread regarding the industry. While I am tempted to comment and express my perceptions of it, I believe that it is best to let people figure it out for themselves.
Like Shar pointed out, the publicity of the IPO was one of the main contributors to its current problems. Having learned from that, I will not publish my assestments as openly as I have done in the past.
When there is something to report, I will report it. I may not be openly broadcasting status updates, but investors are always welcome to contact me in private.
Those attempting to contact me in private should do so via Matalino and Ki Tarra as I switch between the two characters monthly. (I have been playing on inactive time for over a year now: contrary to Shar's speculation, using inactive time was always a part of my plan.)
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NeoTrade
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Posted - 2008.05.22 23:44:00 -
[9]
Hi,
I thought I'd post in this thread.
As a shareholder - I'd like to ask:
With the changes to the GTC market - what changes (if any) are required in the business plan to accomodiate this? i.e. stockpile some 30day gtc now? hibernate characters even longer? train more skills (due to 60 days of play, rather than 30)...
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Ichigo Black
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Posted - 2008.05.23 04:12:00 -
[10]
Its hard to stock pile the 30day GTC unless he buys it with cash. Or he knows people who bought the 30day GTC and are willing to wait for him. (GTC bought with ISK gets plugged into the account immediately)
Its a tuffie.
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Roguehalo
RH Ship Brokers
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Posted - 2008.05.23 15:30:00 -
[11]
CCP have nerfed this kind of IPO by removing 30 day gtcs
Whenever there's a free lunch you can bet CCP spot it too
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Ki Tarra
Ki Tech Industries
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Posted - 2008.05.23 16:27:00 -
[12]
Originally by: Roguehalo CCP have nerfed this kind of IPO by removing 30 day gtcs
Whenever there's a free lunch you can bet CCP spot it too
Pretty much.
The current plan with this development is the complete one harvest before the change goes into effect, then wait a year until the IPO's planned end date, and see if a second harvest is practical.
I will, of course, keep an eye on the progression of the market, but I expect that only the two harvests will now be practical. It is impractical to project where the market will be that far into the future, or what other nerf's CCP might toss at us.
Who knows, maybe there will be a large enough drop in GTC sales that CCP will reintroduce the 30 day card. Or maybe GTC prices will continue to drop bringing the 60-day GTC's inline with current 30-day prices. I doubt that either will happen, but we will need to wait and see what happens.
Anyways, the results of this harvest should be done in the first half of July, once the accounts expire again, and there is time to sell off the datacores without flooding the market.
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Amrumm
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Posted - 2008.05.23 17:11:00 -
[13]
I suspect the change in GTC has more to do with the dollar exchange rate (in cluding the effect of EU players switching to dollar denominated GTC). If RP accumulation on inactive accounts was seen as a problem it would have been relatively easy to rule/program that RP accumulation stops after an account has been inactive for 14 days.
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Ki Tarra
Ki Tech Industries
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Posted - 2008.05.23 17:58:00 -
[14]
Originally by: Amrumm If RP accumulation on inactive accounts was seen as a problem it would have been relatively easy to rule/program that RP accumulation stops after an account has been inactive for 14 days.
I don't think that RP accumulation on inactive accounts is an issue with regards to changing the GTC's. Rather it is a "feature" that encourages people to resubscribe. RP/Datacores have dropped in price enough that they are just about useless for farming.
The Euro-Dallar exchange rate was likely the primary driving factor.
A secondary factor might be the frequency that people use offline training. I know for myself that I run at about 40/30 for offline/online training time with my (personal, non-DATAC) accounts, and have been doing so for over a year now. This change will force that to be closer to 40/60: effectively increasing the time my accounts spend active by 40%, and then increasing their revenues further by increasing the cost of that time by 17%.
I expect that the price difference between 30 day and 90 day GTC trades is driven by people who are also doing similar things. Then again, it could be entirely based on the Euro-Dallar exchange rate, and with the difference in demand between 30 and 90 day GTC's being driven by the fact that few people are willing to raise the full amount of ISK needed for a 90 day GTC.
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