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cosmoray
Cosmoray Construction
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Posted - 2009.04.28 09:19:00 -
[1]
Comments
1. You have been on forums a decent amount of time, but have a pretty varied posting history to say the least. Several aborted business attempts and as you say your 1 Trillion IPO.
2. Due to some of your posts and the high amount of ISK asked for you ABSOLUTELY require an audit to even get any capital. You have an MD history, but it is a huge amount of cash. You still qualify as no previous IPO history so 24B is a lot.
I required a full audit when I tried to raise 15B, and I would say I had a better MD history than you in terms of time, posts and content.
3. If you have a NAV of 50B+ why do you even need more cash? You must be very profitable, I wouldn't see why you need further capital investment.
Seems wierd IPO, and you require an AUDIT to even start or no play.
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cosmoray
Cosmoray Construction
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Posted - 2009.04.28 10:37:00 -
[2]
Problem with some of your previous IPO discussions you did try to sell shares on more than one occasion.
1. You tried with your 1 Trillion ISK IPO, and then made a bunch of edits (which you do frequently).
2. You tried a 20B IPO (discussion) more recently for the small investor, and in the end even offered about 15B in collateral to make it work. You still didn't get any bites.
3. Many of your IPO discussions lead you to dropping the proposal which isn't good for the investor confidence.
4. Although you do have an extensive posting history it mainly consists of jokes and quips, and minimal constructive comment followed by repeated edits to many posts.
5. Did you apply for a loan? I would like EBANK to clarify. Did they reject you?
Now if you were willing to throw 15B collateral for a previous failed IPO attempt why not put that amount up again this time. That would make the the IPO 60% secured. 60% security with audit would help out.
Another factor not helping you though is that Atima seems to have disappeared on a 60B IPO with 80% security.
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cosmoray
Cosmoray Construction
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Posted - 2009.04.28 11:41:00 -
[3]
If you want to generate trust in the investor community who are the investors who have reserved. I see none in this thread.
You have seen enough IPO launches to know that is an absolute no-no for IPO launches to state all reservations are not in the public IPO post. You will get flamed for scam tactic if you don't reveal or get some to post their reservations.
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cosmoray
Cosmoray Construction
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Posted - 2009.05.08 17:35:00 -
[4]
If shares have been issued, why can't you trade them? You only need a ledger if no shares are being issued.
Not sure how many are doing this anymore after Xabier.
There are a few old timers doing it via ledger, but I don't really like it for newer bonds from people who don't have the rep.
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cosmoray
Cosmoray Construction
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Posted - 2009.05.08 17:43:00 -
[5]
Finally had a thorough read of the post after voicing my concerns on page 1.
I really can't believe some of the investors here.
1. OP agrees to an audit, BUT you send cash before audit is done 2. The IPO is launched on the rep of the OP, but the person with the cash is not the OP. 3. Why is Celeb not launching the IPO or having audits done.
If you agree to invest after audit, let the OP just post the reservations. When the audit is complete and the auditor gives his/her report then send the money (if your happy with audit). Any other method you deserve to lose your cash.
I don't know if Ji Sama will scam, but he certainly is showing all the classic signs of launching an IPO scam.
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cosmoray
Cosmoray Construction
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Posted - 2009.05.09 12:24:00 -
[6]
The problem with having a broker, again is the trust issue.
When you invest in an IPO, you are investing in the IPO manager. If you hand over ISK to a broker, you now have to trust them at least an equal amount to the IPO manager.
Why would I need an audit of a broker? Do I trust the broker? You haven't done anything to put you in the trustworthy category.
When I hear broker, I think of people with a large reputation that they can be 100% trusted with any amount of funds. Names that spring to mind are Kazuo, EBANK, Kwint, Bad Bobby, Ray, Shar, AC155, LVV, Cosmo, PP, plus a couple of others.
Bottom line Caleb, you have done nothing to prove level of trust except your wordy statements. For us as a community to accept your word at facevalue is foolhardy at best.
Trust comes with proof, you haven't done it yet.
So far the launch has been
"hey guys I need 25B in an IPO, and I promise to get an audit done meanwhile send your money to my mate who has done nothing in the game. When the audit is done I'll get the cash"
Sound like Evn7289 & Xabier???
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cosmoray
Cosmoray Construction
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Posted - 2009.05.14 16:37:00 -
[7]
If anyone only invests "pending audit" they should keep their cash.
The OP can take reservations, pending audit, and once complete people can send their reservation money.
What has the broker done in this case??? Someone of no rep has held cash, and after the audit immediately handed it over. I thought successful audit meant that the OP would first answer any questions arising from audit. Not in this case, just hand the cash over.
Good luck to Ji Sama on this IPO but if any investors lose money you only have yourselves to blame on how you handled the IPO reservation process.
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