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LRN
Caldari
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Posted - 2009.04.14 11:05:00 -
[1]
Edited by: LRN on 14/04/2009 11:26:42
IPO Link
Expansion Link
Update
I understand that there are some concerns among the investors about my availability to play the game in the future, which may have been prompted by advertising some RL problems I've encountered and the decision to buy back almost a third of the shares in order to keep the maintenance cost to a minimum while still researching the BPOs.
I would like to assure everyone that I don't plan on quitting the game anytime soon and before that occurs, I will sell the BPOs and buy back all shares or pass the business to someone else.
The good news is that the majority of the BPOs has been researched (2 BPOs left will be ready in 6 days max) and from now on the amount of free time at my disposal will exceed by far the expenses production requires. However, I have performed another analysis of the market and determined that my original profit projections needed to be adjusted to account for an increase in the price of minerals.
In other words as long as long as the investors are not deterred by a 5% ROI, EWG Holdings still represents a viable investment opportunity for your idle isk and any transactions involving EWG Holdings shares have my full support.
Available shares
For the purpose of securing funds for a minerals reserve I am offering 8900 shares that I have bought back throughout the researching phase. Also if anyone is selling bulk minerals bellow Jita price please contact me.
Blocks of shares: 89
Price per block: 100m (minimum investment 100m)
P.S. This is also the char that will receive the isk.
Black Sun Empire |
Marcus Baltar
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Posted - 2009.04.14 11:31:00 -
[2]
Reserve me one block (100 shares) for 100,000,000 ISK, please.
Money will be sent to LRN once EVE is back in existence. --
DesuSigs |
CrazyArsed Monkey
Minmatar Un4seen Development
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Posted - 2009.04.14 12:27:00 -
[3]
10 Blocks for me please, ISK will be transferred later this evening once withdrawal goes through. Cheers CAM
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ArmagedonLT
Amarr coracao ardente Triumvirate.
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Posted - 2009.04.14 13:30:00 -
[4]
2 blocks for me please, sending isk right now.
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The Schwa
Coda Holdings
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Posted - 2009.04.14 13:50:00 -
[5]
I'll take 5 blocks (500m). Sending isk now.
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Bob Puz
Puz Inc
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Posted - 2009.04.14 14:00:00 -
[6]
I will take 1 block. Sending 100m as soon as I log in. |
Krathos Morpheus
Gallente Legion Infernal Wildly Inappropriate.
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Posted - 2009.04.14 14:06:00 -
[7]
2 blocks for me.
EVE Knowledge
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Cinta Verick
Amarr 4th Dimension Investments
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Posted - 2009.04.14 14:18:00 -
[8]
2 blocks please (200m)
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Ji Sama
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Posted - 2009.04.14 14:51:00 -
[9]
Edited by: Ji Sama on 14/04/2009 14:54:02 im just a new guy... who is LRN the alt of? ygr?
EDIT: nvm snooped around :P This is a signature not related to EVE |
Frenden Dax
Dax Acquisitions
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Posted - 2009.04.14 16:13:00 -
[10]
Interesting; I thought your interest in the game was waning. 5% monthly seems to be becoming the new 'standard' rate for IPOs.
I'll take five blocks (500m); will transfer the money shortly.
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Lecherito
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Posted - 2009.04.14 17:35:00 -
[11]
Just though I'd throw my name in the hat. I bought in for 300 million.
-L
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brutoid
Caldari
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Posted - 2009.04.14 17:49:00 -
[12]
1 block (100,000,000.00) if thats ok?
Sending ISK now.
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Spinerender
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Posted - 2009.04.14 18:00:00 -
[13]
I'll take 1 block will send isk later tonight.
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Kypud
Zeus Enterprises
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Posted - 2009.04.14 18:04:00 -
[14]
5 blocks for me please, sending cash in a minute.
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Grouchy Smurf
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Posted - 2009.04.14 18:27:00 -
[15]
3 Blocks, sending ISK now.
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Sir Elliot
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Posted - 2009.04.14 19:42:00 -
[16]
2 Blocks for 200m, sending now.
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LRN
Caldari
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Posted - 2009.04.14 19:47:00 -
[17]
Originally by: Grouchy Smurf
Edit: Shares received. You also have a typo on your post, i bought 3 blocks and not 5. Thanks a lot.
Noted. Thank you.
Originally by: Sir Elliot 2 Blocks for 200m, sending now.
Shares sent to the char I received the isk from.
Black Sun Empire |
MilowFV
Echo Heavy Industries Novus Ordo Mundi
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Posted - 2009.04.14 20:27:00 -
[18]
I would like to get 8 blocks (800 million ISK)
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Salvo Brunel
Clown Punchers Syndicate
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Posted - 2009.04.14 22:51:00 -
[19]
The MD community seems to pride itself on providing a critical appraisal of all proposals, but it has been notably silent on this. In part that's because LRN has been open about his slightly mixed record, but I still think it a bit odd that no comments have been offered.
I'm a sporadic poster to MD for the last year, with no claims to being an authority on anything. I'm a previous investor in (and defender of) LRN. I got all my money plus promised dividend back.
LRN has an alt / main called You Got Ripped. His last IPO was partially ended early. In the one before some investors felt he wasn't offering the returns he implied he would. The one before that he implied that he had taken the money and used it to buy a cap ship, but he ninja edited that post, to remove that meaning. Here is one investor (Poleander) trying to capture a post before he edited it. He was previously very fond of posting something then editing it to mean something different.
On the other hand, as far as I know, he has always repaid money owed, with as much interest as possible. Even though this might have been expensive for him.
I'm sorry LRN, to bring up old news, but I in MD your past matters.
I'm not arguing against putting money into this, but you should be aware that it might be a bit of a rollercoaster.
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YouGotRipped
Ewigkeit
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Posted - 2009.04.14 23:26:00 -
[20]
Originally by: Salvo Brunel The MD community seems to pride itself on providing a critical appraisal of all proposals, but it has been notably silent on this. In part that's because LRN has been open about his slightly mixed record, but I still think it a bit odd that no comments have been offered.
I'm a sporadic poster to MD for the last year, with no claims to being an authority on anything. I'm a previous investor in (and defender of) LRN. I got all my money plus promised dividend back.
LRN has an alt / main called You Got Ripped. His last IPO was partially ended early. In the one before some investors felt he wasn't offering the returns he implied he would. The one before that he implied that he had taken the money and used it to buy a cap ship, but he ninja edited that post, to remove that meaning. I'm sorry LRN, to bring up old news, but I in MD your past matters.
I'm not arguing against putting money into this, but you should be aware that it might be a bit of a rollercoaster.
Believe it or not, I am sharing your concerns in this matter, Brunel, it's almost as if I no longer have a place in your hearts and it pains me deeply. But there must be a reason for this and I promise that if you're serious about it one day will get to the bottom of it.
Black Sun Empire |
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Laskin Veldstar
Gallente Eden Federal Recon
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Posted - 2009.04.15 02:21:00 -
[21]
If you could please reserve 2 blocks for me. The ISK will be wired to LRN within the next 6 hours.
Thank you,
Laskin Veldstar Corporate Executive Officer Eden Federal Recon
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Kazzac Elentria
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Posted - 2009.04.15 02:49:00 -
[22]
Not sure what else there is to say that wouldn't just be repeating what has been said before.
YGR has a pretty documented history here, despite that I gave his last one a run. Didn't feel the returns were meeting original expectations so YGR was graceful in his buybacks and had no issues.
Personally I think he's biting off more than he can chew at this point given the game time status, but thats just a nagging thought in my head and I really have nothing to substantiate it so take it for what its will.
That said, I wish him luck and his investors luck as well. |
Ji Sama
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Posted - 2009.04.15 06:38:00 -
[23]
ye good luck with rl and eve :D hope it all works out for you...
i still want to sell you those minerals if your interested... This is a signature not related to EVE |
Azrel
Kyoha Shinto
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Posted - 2009.04.15 08:37:00 -
[24]
I'll take 5 blocks, so 500mil ISK.
Will send ISK this evening after work.
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Kali Rose
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Posted - 2009.04.15 09:56:00 -
[25]
Edited by: Kali Rose on 15/04/2009 10:00:59 i'll take 1 block...will send isk shortly
EDIT: ish sent
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Jhebbal Khan
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Posted - 2009.04.15 11:57:00 -
[26]
I'd like to take 10 blocks, please. Sending 1bn ISK right away. Thanks.
-Jhebbal
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Mr Grimness
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Posted - 2009.04.15 12:28:00 -
[27]
Edited by: Mr Grimness on 15/04/2009 12:29:50 I would like to get 4 blocks please will send isk asap.
*****Isk sent.*****
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Azerath
Brotherhood of Suicidal Priests KIA Alliance
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Posted - 2009.04.15 19:47:00 -
[28]
Purchasing one block (100 shares) for 100,000,000 ISK, please.
Isk has been sent.
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tankiehenkie
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Posted - 2009.04.15 20:34:00 -
[29]
one block as well
isk on its way now
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Grunts67
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Posted - 2009.04.15 20:37:00 -
[30]
Edited by: Grunts67 on 15/04/2009 20:44:32 I will take 2 Blocks for 200M.
Payment will be done in about 6-8 hours since I am at work with no eve. I will notifing you on the this threats when payment will be done.
Thanks
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tankiehenkie
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Posted - 2009.04.15 20:56:00 -
[31]
ill take a second block as well
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Athre
Minmatar The Higher Standard
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Posted - 2009.04.15 22:53:00 -
[32]
Looks like you're all set. If you still need investors I'm open for 2 blocks and for all those wondering why YGR's not being ripped apart - he's been so on numerous occasions and this is the stuff that made it through vetting (I believe). Not to mention he's been the ripper as well and understands the process.
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Forceflow
Center for Advanced Studies
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Posted - 2009.04.16 01:48:00 -
[33]
I'll take one block (100mil) please.
Will send isk in a minute.
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Grunts67
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Posted - 2009.04.16 02:05:00 -
[34]
Money send for 2 blocks (200M).
Thanks you.
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MilowFV
Echo Heavy Industries Novus Ordo Mundi
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Posted - 2009.04.16 03:34:00 -
[35]
Sorry it took so long 800 million isk sent to LRN for 8 blocks I reserved on page 1.
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LRN
Caldari
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Posted - 2009.04.16 10:33:00 -
[36]
Edited by: LRN on 16/04/2009 10:33:46
Originally by: Athre Looks like you're all set. If you still need investors I'm open for 2 blocks and for all those wondering why YGR's not being ripped apart - he's been so on numerous occasions and this is the stuff that made it through vetting (I believe). Not to mention he's been the ripper as well and understands the process.
ATM, there are still 9 blocks of shares left so I'll take you up on your offer. Thank you.
Black Sun Empire |
Biruni Khan
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Posted - 2009.04.16 13:39:00 -
[37]
I'll buy five blocks.
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Borsek
Gallente A.A.A space weaponry and trade
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Posted - 2009.04.16 14:06:00 -
[38]
Will take one block. I eat pie, then you die. |
TastyTreat
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Posted - 2009.04.16 14:57:00 -
[39]
1 block please.
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Ji Sama
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Posted - 2009.04.16 15:11:00 -
[40]
Edited by: Ji Sama on 16/04/2009 15:11:57 will take rest if anything is left.
edit: just let me know what to send.. This is a signature not related to EVE |
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Biruni Khan
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Posted - 2009.04.16 21:16:00 -
[41]
isk sent
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Athre
Minmatar The Higher Standard
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Posted - 2009.04.16 22:46:00 -
[42]
Originally by: LRN Edited by: LRN on 16/04/2009 10:33:46
Originally by: Athre Looks like you're all set. If you still need investors I'm open for 2 blocks and for all those wondering why YGR's not being ripped apart - he's been so on numerous occasions and this is the stuff that made it through vetting (I believe). Not to mention he's been the ripper as well and understands the process.
ATM, there are still 9 blocks of shares left so I'll take you up on your offer. Thank you.
Will do, I will send isk once I am home in 6 hours.
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Gryphius
Caldari Alarius Elementum EvE Consortium
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Posted - 2009.04.16 23:11:00 -
[43]
Edited by: Gryphius on 16/04/2009 23:12:40 Is there a block left? I'll buy one if there is.
Upon further investigation it appears that there isn't. Ah well, a good opportunity missed. --------------------------------- >> Neverending lottery! <<
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TastyTreat
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Posted - 2009.04.16 23:32:00 -
[44]
Isk sent and 100 shares received.
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LRN
Caldari
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Posted - 2009.04.16 23:36:00 -
[45]
Originally by: Athre
Will do, I will send isk once I am home in 6 hours.
5:59:59 5:59:58 5:59:57
This is where we draw the line. No more investments please.
Black Sun Empire |
Athre
Minmatar The Higher Standard
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Posted - 2009.04.17 06:32:00 -
[46]
Isk sent and shares received.
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Azerath
Brotherhood of Suicidal Priests KIA Alliance
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Posted - 2009.05.09 04:00:00 -
[47]
When will the dividend payment occur, and when will buyback options be available for those who may want to sell in the future? -------------------------------------------- |
LRN
Caldari
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Posted - 2009.05.09 05:39:00 -
[48]
Originally by: Azerath When will the dividend payment occur, and when will buyback options be available for those who may want to sell in the future?
I had in mind paying dividends on the 12th of each month but it seems that's a little too late for previous investors. I will include info regarding buybacks in the monthly report (sometime today).
Black Sun Empire |
Marcus Baltar
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Posted - 2009.05.09 13:43:00 -
[49]
Confirmation of payment(s) received; 2009.05.09 05:49 5,000,000.00 ISK received in wallet through in-game dividend distribution. ( 5,000,000 ISK per block : 50,000 ISK per share : 5.00% return )
2009.05.09 05:49 EWG Holdings may have credited your account as part of a total payout of 1500000000 ISK to their shareholders. The amount awarded is based upon the number of shares you hold, in relation to the total number of shares issued by the corporation. Total received to date : 5,000,000.00 ISK ( 5,000,000 ISK per block : 50,000 ISK per share : 5.00% return ) --
DesuSigs |
Athre
Minmatar The Higher Standard
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Posted - 2009.05.09 21:28:00 -
[50]
Confirming receipt of Div. Thank you
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TastyTreat
Fraternity of Obnoxious Lemmings
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Posted - 2009.05.10 05:49:00 -
[51]
Confirming receipt of this month's dividends.
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LRN
Caldari
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Posted - 2009.05.10 06:30:00 -
[52]
Edited by: LRN on 10/05/2009 06:30:19
April 2009 report
As some of you know, the profitability of the capital market sector (namely freighter production) has been decreasing for the past couple of months and determined me to adjust the interest rate to best suit what is widely regarded as a transition towards a volume oriented market. Truth be told, after paying the 5% dividends as agreed, there isn't much left for me, however when taking into account potential augmentations, additional time consumption, I am inclined to say that it is worth it.
I would rather not drop the interest rate further (at least not without consent on the behalf of the investors) so I've taken another look at critical control points and identified several directions that can be pursued in order to increase revenue. Some have an immediate effect like buying ore and minerals in key locations at a price between local price and Jita price, setting up a miniature recycling operation in close, less frequented mission hubs, selling the end products via contracts to save the isk otherwise spent on the broker fees and sales tax; others have a long term less perceivable impact (scaling up) and concern the viability of the enterprise.
With the above in mind, I am proud to announce that a core expansion will follow shortly, structured as follows:
Phase 1 requires additional funds to be raised from the public, it is aimed at ensuring that the short term goals are met, creating a profit buffer for phase 2, processing potential buybacks. It revolves around rigs production (12 billions) and arbitrage (3 billions) and it is an active phase.
Phase 2's size is directly determined by the success phase 1 and for the same reason it might be delayed or moved ahead of schedule. A lengthy phase, focusing on acquiring and researching additional BPOs, partially funded using capital acquired in phase 1. Once the research is complete, the project will revert once again to a more passive state where I will just have to log in from time to time to collect the minerals and set up production.
As always, I am welcoming any feedback on the behalf of the investors, ultimately the decision to expand the project is theirs, though one that I certainly support.
Black Sun Empire |
Marcus Baltar
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Posted - 2009.06.07 09:41:00 -
[53]
Confirmation of payment(s) received;
Total received to date : 5,000,000.00 ISK
( 5,000,000 ISK : 5.00% return )
As I have been blocked by those involved and therefore cannot contact them directly in-game, I am assuming the worst and posting here.
So, after this farce, I have received a 5% return on my investment, but lost the investment and a due dividend payment, so a loss of 95.23%, or real loss of 105%.
For benefit, here are the threads to follow for this drama;
The names;
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Lecherito
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Posted - 2009.06.07 21:59:00 -
[54]
Ahhh thanks mate, can finally free up those bookmarks =P Sorry to hear about your loss. Fly safe.
-L |
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