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Thread Statistics | Show CCP posts - 0 post(s) |
Block Ukx
Block Ships and Ammunitions
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Posted - 2009.03.01 15:21:00 -
[31]
Thanks Kazzac.
I modified the Exchange Request form. When purchasing Index Shares, you can type "a" for the Exchange to determine the number of shares and to accept the exchange price. I have people wondering if it is possible to invest 20,000,000 ISK because it will end up with a fraction of a share. I answer them that we are issuing virtual shares, so it is possible to issue 0.01 shares. One advantage of virtual shares over regular shares is that when you sell I don't have to wait for you to transfer the shares eliminating any transfer delays.
Shareholders and their outstanding shares are published in the stock ledger.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Nick Turing
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Posted - 2009.03.01 15:28:00 -
[32]
Edited by: Nick Turing on 01/03/2009 15:31:42
Now all we need is a Fort Knox of eve, where we can go and admire 'our' stacks of minerals. ;)
Edit: On a more serious note, do you think you could rearrange the spreadsheets (bids and ledger) to have the different stocks in the same order? It's a pain to have to mentally reorder them whenever I check it, and I'm sure I'm not the only person to mix them up.
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Block Ukx
Block Ships and Ammunitions
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Posted - 2009.03.02 17:53:00 -
[33]
 Originally by: Nick Turing
...do you think you could rearrange the spreadsheets (bids and ledger) to have the different stocks in the same order?
Good suggestion. Fixed!
I also added a transaction log to include share distributions.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
charnea
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Posted - 2009.03.02 17:59:00 -
[34]
As an investor I would just like to say I have been very happy with the way this is set up, the website, and the overall communication. All questions I had for Block where promptly answered in game. He seems like he has all his ducks in a row so to speak and I am happy to go along for the ride.
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Nick Turing
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Posted - 2009.03.04 13:50:00 -
[35]
So, the market page says it's currently "undergoing renovation". When should we expect it to be back, and why did it have to be taken offline to do this?
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Block Ukx
Block Ships and Ammunitions
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Posted - 2009.03.04 15:50:00 -
[36]
Originally by: Nick Turing
So, the market page says it's currently "undergoing renovation". When should we expect it to be back, and why did it have to be taken offline to do this?
Exchange has been renovated! Go take a look and I think you will find it more user-friendly.
New Features
* Separate pages per share
* Bids and order form in same page for easy biding
* More feautres comming soon
Changes
BSAMT and BSAC do not require share registration, therefore there is no need to trade them in the the Exchange. Please trade those shares in RESX.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
charnea
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Posted - 2009.03.04 16:03:00 -
[37]
I had put an order in for BSAC before the update, so do I just put in a new order in the resx exchange? No isk has been sent yet. I am not sure how the process works.
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Block Ukx
Block Ships and Ammunitions
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Posted - 2009.03.04 17:29:00 -
[38]
Yes, you can place an order in RESX or advertise in the want ads forum. For those who sent ISK with a BSAMT or BSAC order, I will be refunding your ISK tonight.
In contrast, BSAMR must be traded in the exchange because they are recorded in the stock ledger.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Niagor
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Posted - 2009.03.05 06:22:00 -
[39]
Who is Poison
Chairman BSAC Board of Directors?
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Block Ukx
Block Ships and Ammunitions
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Posted - 2009.03.05 13:25:00 -
[40]
Originally by: Niagor
Who is Poison
Chairman BSAC Board of Directors?
Poison is more than the chairman of the Board of directors. He owns a significant portion of BSAC, and handles all CSF sales and research jobs. Poison has a very good insight in the corporation dealings. Projects must have his approval before they are put forward.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Block Ships and Ammunitions
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Posted - 2009.03.07 02:11:00 -
[41]
I would like to remind people that there is a 20% Nav maximum and a 20 M minimum ivestment. Please use the exchange for orders or email BSAC MMM.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Block Ships and Ammunitions
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Posted - 2009.03.08 14:08:00 -
[42]
BSAC Exchange hours of operation: Monday û Friday.
Stock ledger and share prices do not update during the weekend.
Prices quoted in the exchange represent the last trading price not the actual transaction price. Typically, prices update in the morning when share orders are cleared. If an investor wants a ôfixedö price, then he must submit a bid offer and not an automatic transaction.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
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Posted - 2009.03.11 14:52:00 -
[43]
CCP restored API services and the BSAC Exchange is back online.
We are considering creating an options market, where shareholders would use their Index shares to write options. Available options would be sold and traded in the Exchange, and BSAC would act as a clearing house. The owner of a buy option contract has the right but not the obligation to purchase the minerals at the specified terms. In contrast, the option writer (shareholder) would either profit from the mineral sales or earn a premium for the contract.
Comments would be appreciated.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
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Posted - 2009.03.13 12:42:00 -
[44]
We added ore income to the exchange to assist miners in their quest fro profit.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
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Posted - 2009.03.17 12:31:00 -
[45]
Investment opportunities available. DonÆt hesitate to join the ôB.S.A.C.ö in-game channel or contact me. IÆm typically online around 01:00 eve time.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Hexxx
Minmatar
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Posted - 2009.03.17 13:02:00 -
[46]
Originally by: Block Ukx
CCP restored API services and the BSAC Exchange is back online.
We are considering creating an options market, where shareholders would use their Index shares to write options. Available options would be sold and traded in the Exchange, and BSAC would act as a clearing house. The owner of a buy option contract has the right but not the obligation to purchase the minerals at the specified terms. In contrast, the option writer (shareholder) would either profit from the mineral sales or earn a premium for the contract.
Comments would be appreciated.
Block, I've given considerable thought to what you're doing, and I had some ideas to float. Here we go.
1) Embrace alternative currency backed by minerals, with withdraws converted via a published exchange rate based on the mineral index. Commodity Money
2) Using the alternative currency model, shorting would be possible.
3) Using the alternative currency model, options would be possible.
Essentially, given your accuracy in minerals, you're position to become a quasi-commodity backed currency exchange (ISK and Commodity Money (call them "Block Dollars" if you like ).
References:
http://ezinearticles.com/?What-Does-it-Mean-to-Short-a-Stock-Or-Currency-Pair?&id=1215818
http://www.nasdaq.com/asp/currency-options.asp
EBANK - Chairman of the Board | www.eve-bank.net
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Block Ukx
Forge Laboratories
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Posted - 2009.03.18 19:33:00 -
[47]
Originally by: Hexxx
1) Embrace alternative currency backed by minerals, with withdraws converted via a published exchange rate based on the mineral index. Commodity Money
Hexxx,
It is an interesting idea of having a currency backed by minerals. I donÆt know much about the topic, but I was thinking of establishing the following standard.
Currency Name
Mineral Reserve Dollar (MRD)
Currency Standard
18,000 MRD
=
850 units Tritanium
+ 480 units Pyerite
+ 78 units Mexallon
+ 26 units Isogen
+ 20 units Nocxium
+ two units Zydrine
+ one unit Megacyte
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
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Posted - 2009.04.08 14:43:00 -
[48]
Pricing Index Shares
There have been some questions regarding the pricing of Index shares. Please do not confuse Index share price with mineral market price. The Index share price takes into account many things; including mineral purchases and sales, the forge index, and undistributed earnings (capital gains). The shareÆs sell/buy price is calculated daily and applied to any sell/buy order at the beginning of a trading cycle. This pricing policy is purposely implemented in accordance with the prospectus to discourage frequent trading.
The objective of each Index Fund is to provide long-term capital appreciation to its shareholders while remaining 100 % liquid.
Do not invest in BSACÆs Index Funds if you are a market-timer.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Market Voodoo
Imperial Shipment
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Posted - 2009.06.02 00:11:00 -
[49]
Given the (in my mind) spectacular success of the Ice Index, I've been thinking about diversifying some additional cash I have into the mineral funds, however, unlike the Ice Funds I can't for the life of me work out the interface on the mineral funds.
Say I want to invest a fixed amount of ISK, lets call it $100m in the Trit fund, how do I do this given there isn't a fixed price per share I can reference for the day and there is no option to just enter in the full amount I want invested?
Looking at the options:
One I can choose to place a bid at a certain price, which may or may not be filled, and my ISK may sit idle (eg I bid 3.25, takes 3 weeks for trit price to hit 3.25) or or I stand the chance of overpaying (eg. I bid at 3.25, days price closes at 3.15, damn I jut overpaid 0.10 per share)
Two I enter in a number of shares I want, put I have no idea if it will cost me 90mil or 150mil, as I don't know what the share price will close at when my order is filled.
Also, once I've sorted the above, I can't work out who the hell to send ISK to 
I'm hoping I'm not missing something really obvious here!
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Marcus Baltar
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Posted - 2009.06.02 12:52:00 -
[50]
Edited by: Marcus Baltar on 02/06/2009 12:54:21
Edited by: Marcus Baltar on 02/06/2009 12:54:01
(Disclaimer - This is my understanding of how the interface works. For the true working, wait for Block Ukx).
Originally by: Market Voodoo
Given the (in my mind) spectacular success of the Ice Index, I've been thinking about diversifying some additional cash I have into the mineral funds, however, unlike the Ice Funds I can't for the life of me work out the interface on the mineral funds.
Remember that the Ice Indices are a lot more volatile than the Mineral Indices, so should be regarded as a long term investment (as should the Mineral Indices).
Originally by: Market Voodoo
Say I want to invest a fixed amount of ISK, lets call it $100m in the Trit fund, how do I do this given there isn't a fixed price per share I can reference for the day and there is no option to just enter in the full amount I want invested?
To invest a fixed amount, use option "a" in both the "Bid - Share Price" and "Number of Shares" boxes, send the money to " BSAC MMM " and Robert is your father's brother.
Originally by: Market Voodoo
Looking at the options:
One I can choose to place a bid at a certain price, which may or may not be filled, and my ISK may sit idle (eg I bid 3.25, takes 3 weeks for trit price to hit 3.25) or or I stand the chance of overpaying (eg. I bid at 3.25, days price closes at 3.15, damn I jut overpaid 0.10 per share)
If you put a price in the "Bid - Share Price" box, your ISK will not be invested until this price is reached, or if it is currently lower than this you will receive shares based on the lower value. There is no fixed price on the Mineral, or Ice, Indices*
Originally by: Market Voodoo
Two I enter in a number of shares I want, put I have no idea if it will cost me 90mil or 150mil, as I don't know what the share price will close at when my order is filled.
Block Ukx will then contact you with the amount to be sent to cover this fixed number of shares.
Originally by: Market Voodoo
Also, once I've sorted the above, I can't work out who the hell to send ISK to
Money for the Mineral Indices goes to " BSAC MMM ".
Originally by: Market Voodoo
I'm hoping I'm not missing something really obvious here!
I hope that I have given valid advice too! The Ice Index is easier in that it does not give you the option of setting a buy/sell price (although eVaLF may be willing?).
* - As I understand it, the prices for both the Mineral Indices and the Ice Indices quoted on the Exchange, are a guide only, they may change during the day (especially the Ice Indices).
NOTE - An individual is only allowed a maximum of 20% in any individual Index, Ice or Mineral (Isogen, Helium, etc.).
(edit)Changed an Ice to Mineral for clarity  (/edit)
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DesuSigs |
eVaLF
Delivery Luck
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Posted - 2009.06.02 14:24:00 -
[51]
^^ I would say fairly accurate and probably explained better than I could have done so.
To clearify I will except sell orders at certain prices but only when the price is close already to that. Meaning index 1 is near the 300 mark and you want 300isk, that is fine let me know, but if you want say if this index ever hits this price sell me out, no I wont do that, to much work and time ttrying to workout when people want to sell.
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POS FUEL DELIVERY & HIGH & LOW SEC FREIGHTER SERVICES |
Block Ukx
Forge Laboratories
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Posted - 2009.06.02 16:37:00 -
[52]
Market Voodo,
Marcus Baltar was very accurate in his answer. IÆll just add a few comments.
The BSAC Exchange is not a ôliveö exchange and orders are expected to clear within 24-72 hrs. Furthermore, it is closed during the weekend. Therefore, the price quotes are meant as a guide for the general trend of actual market trades.
The easiest way to invest is to place an order with the ôaö option and send your investment to ôBSAC MMMö. For instance, letÆs say you want to invest 100 M in the Isogen Index. I recommend you submit an order in the exchange (OR send me an eve-mail with your intentions to invest) and send 100 M to ôBSAC MMMö. Typically, after I receive the ISK, I place it in the market. The price per share will be determined the morning after using the actual market trades and taking into account pending distributions.
The option to sell/buy at a fix price is really an option for an investor wanting to trade their shares with others. I think this option is not very useful because the fund is 100% liquid.
In any case, send your Mineral Index investments to ôBSAC MMMö.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
BSAC MMM
EVE Mineral Reserve
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Posted - 2009.06.02 16:42:00 -
[53]
This is the character that will receive and deal with all Mineral Index investments.
BSAC MinMa Information Desk |
Market Voodoo
Imperial Shipment
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Posted - 2009.06.02 22:23:00 -
[54]
Gotcha, thanks all
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