EVE Search - reserved

All Channels

Market Discussions

reserved

» Click here to find additional results for this topic using Google

Monitor this thread via RSS [?]

Pages: [1] 2 3 4 5 :: one page
Author	Thread Statistics \| Show CCP posts - 0 post(s)
Researching Duchess	Posted - 2009.04.28 19:09:00 - [1] reserved, please don't post here till complete
Researching Duchess	Posted - 2009.04.28 19:10:00 - [2] Edited by: Researching Duchess on 28/04/2009 19:19:11 Titan Bond Plan 1) DISCUSSION PHASE - DO NOT SEND ISK OR RESERVE ISK ò Chapter 1 - Summary of bond offering This will be a brand new corporation (once roles are removed etc). Its purpose is to give people a safe, secure investing option. There are very few secured options available and this should be all but entirely secure. Simply put the corporation will be responsible for copying of Titan BPO's into BPC's. There will be no set limit on expansion. ò Chapter 2 - Background on origins/idea/current business Ok, so I have been doing this as part of a subsidiary of EBANK. As some of you know my time in EBANK is heavily limited and a resignation as CEO notice is likely to be put forth in the next month or two once suitable alternatives can be found. This will be formally discussed in a proper EBANK announcement. So basically I will be heavily limited in my Eve time. I will continue in EBANK as an employee without roles/duties. However I don't want to remove myself from the public eye. As a result this bond is being offered. It is structured in a way that requires an incredibly low workload on my part and continues my endeavors to strengthen the secondary markets. My history, well I started off as an EIB teller, long story short they scammed and I lost faith in poorly implemented operations. I moved onto C-R-A and formed the Zzz Alliance with investor capital (20b IPO). This was a great success and to this day almost 3 years on the operation is still public being run by SonO***host. During this period I attempted an IPO with CPH which failed miserably. Over time I managed to repay all investors with a (then paltry) 3% per month interest rate. In today's standards it wasn't actually so bad. Since then I have founded EBANK and worked with a spectacular group of people. As AC155 has in his signature I used to discuss EBANK as a miniature EIB. EIB scammed at a reported 750 billion, EBANK is currently sitting close to 2.2 trillion isk and still going strong. It has exceeded my wildest expectations and could never have been achieved without the help of all our staff and some of our customer's valuable input (not to mention the MD guys here when it first got set up). As I mentioned above, due to RL time constraints (3 year old autistic child, a baby due in 2 months, moving into our new purchased home literally the day after the baby is due and starting a second job) I will be resigning as CEO of EBANK. There is no hidden reasoning, it has been in discussion and preparation for the past 4 months or so internally. The workload in EBANK isn't that high however it does require consistency and in a lot of cases there are time lines that need to be met (ie new loans being processed within 24-28 hours, moving of funds to tellers at short notice, returning loan collateral in a timely manner etc). I simply won't be available to jump at short notice. But that is all unrelated to this offering, main points to garnish from above is that I won't have EBANK commitment requirements. This hasn't happened yet, and has no timeframe to happen. It will happen but a formal official post will be made detailing so, I request people reserve their discussion on that topic to the appropriate thread.
Researching Duchess	Posted - 2009.04.28 19:11:00 - [3] Edited by: Researching Duchess on 28/04/2009 19:20:23 ò Chapter 3 - Coporate Governance The most important chapter in my eyes. This bond will be different to any other, in that all assets will be locked down by corporate vote (ie Titan BPO's). All shareholders will have access to the lock down history, and will have the ability to prevent lock downs/unlocks by way of vote. There will be no segregation of shares, I won't be retaining any. For every Titan BPO there will be a pre-set number of shares to cover it. This prevents me from being able to unlock the bpos without a majority acceptance vote. This character (Researching Duchess) will be the CEO. I am looking for two trustworthy people in MD to step forward and provide throwaway alts to join the corporation as directors. The alts can be a trial account left to idle. The point of this is so in the event I am hit by a bus or vanish etc a vote can be issued to change the CEO to one of those directors. It should be known that there is currently an exploit in that I can unrent an office after which the blueprints arrive in the deliveries hangar. This was a concern when our subsidiary TXD corp was holding XXX billions in locked down assets. A petition was filed with CCP and they did in fact verify that unrenting an office in order to bypass a lock down/unlock vote was definitely an exploit. Any concerned investors are free to chase this up with CCP themselves if they require verification. So to summarize on corporate governance: 1) 2 members of the public to step forward as directors in this corporation with alts that can become inactive until needed (if ever). Their risk assessment listed in Chapter 6. 2) Shares will be provided for bonds and all votes pertaining to these shares will be in the control of investors. If a director does a vote for CEO and then an unlock vote to steal the bpos and investors don't step up to stop the votes then I won't be held responsible for this. It's in investors best interests to make sure they take an active part in the voting on this investment. 3) Current exploit exists to bypass lock down but is confirmed by CCP as an exploit.
Researching Duchess	Posted - 2009.04.28 19:11:00 - [4] Edited by: Researching Duchess on 28/04/2009 19:23:18 ò Chapter 4 - The Business Plan Ok so the business is extremely simple. The copying of Titan BPO's to sell completed BPCs. This has been tried and tested through the EBANK subsidiary corporation TXD with very healthy results here. I was pleasantly surprised to see buyout offers taken on these prints, it took a week to sell off the whole stock (4 bpo's) This represented a very high rate of return (equivalent of almost 9% per month) Now for the numbers. This will change depending on the BPO as all have different base costs however I will use the Leviathan for this example: Leviathan BPO cost : 63,000,000,000 3% repayment requirement on 63,000,000,000 = 1.89b per month Copy Time on Leviathan: Skills + 5% Copy implant - 6 months (24 weeks) Skills + 5% Copy + POS - 4 months (rounded) 0.65% time bonus Bonds will be sold at 100m each. This means a Titan BPO such as Leviathan above would require 630 bonds (or shares issued in this case) Therefore in order to earn enough to meet the bond repayment I would need to sell each BPC at a minimum cost of 7.5b. A little extra would be required to cover the cost of tower/labs/defenses/fuel however when talking these numbers the amount is negligible after initial investment. Either way I guarantee to cover the 3% regardless of the way the BPC market goes. (obviously if it collapsed I would sell out or restructure, but it wouldn't affect investors except in Chapter 8 - Exit Strategy) A high security POS will be used in an undisclosed high security location (shareholders will know of location anyway through lock down votes). The BPO's will remain locked down in the station NOT the POS. I have never been attacked whilst carrying expensive cargo due to the ship type and setup I use. This will remain the same and has successfully seen hundreds of billions of isk moved through the TXD corporation. I will never move more than one bpo at a time. In regards to selling of bonds this will happen each quarter. There will be a week delay for the first bond, and for future expansions will provide a one week window to purchase bonds. Initial week allows time for people to reserve investment, discuss the bond opportunity, ways to improve etc and allows me to organize the new corporation, standings, shares, POS etc. Expansions will be staggered and bond price may be modified to account for monthly dividend issuance's. For example. Lets say Kwint buys into batch 1 for 5 billion isk (50 bonds @ 100m each) on 1st Jan. On 1st May he is entitled to his dividend of 600m. However if YGR buys into an expansion for 5 billion isk (50 bonds @ 100m each) on 1st April he would still receive a 600m dividend for only 1 month of investment. This is why bond price will differ on expansions. I will likely have all expansions on a simple to understand structure, basically raising in price by 25m depending on which month period it was. Correct Example Bond starts 1st May Kwint buys 50 bonds @ 100m each Expansion is available on 1st June YGR buys 50 bonds @ 103m each Expansion is available on 1st July Cosmo buys 50 bonds @ 106m each Expansion is available on 1st August XXX buys 50 bonds @ 109m each Dividend is paid Expansion is available on 1st September XXX buys 50 bonds @ 100m each This isn't to say there would be a monthly expansion but it shows the cost of a bond depending on the period the bond has reached. Buybacks are available within the first week after dividend has been paid. Bonds are trade able however to other players by simply trading shares. If a seller wants to offload their bond to me I will only pay 90m per bond. However if I am forcing a buyback for any reason (closing, downsizing etc) then the full bond price of 100m is payable (plus interest accrued if inside the four month period)
Researching Duchess	Posted - 2009.04.28 19:12:00 - [5] reserved
Researching Duchess	Posted - 2009.04.28 19:12:00 - [6] reserved
Researching Duchess	Posted - 2009.04.28 19:13:00 - [7] reserved
Researching Duchess	Posted - 2009.04.28 19:13:00 - [8] reserved
Researching Duchess	Posted - 2009.04.28 19:14:00 - [9] reserved
Researching Duchess	Posted - 2009.04.28 19:15:00 - [10] reserved
Ricdic Caldari Tleilex Developments Dara Cothrom	Posted - 2009.04.28 19:15:00 - [11] confirmed Researching Duchess is one of my alts
HawkBlade Minmatar The Higher Standard Virtue of Selfishness	Posted - 2009.04.28 19:16:00 - [12] Yeesh, instead of doing reservations (soo many) why don't you just use the first post as an index. (Example).
Ji Sama Caldari Tash-Murkon Prime Industries	Posted - 2009.04.28 19:30:00 - [13] Sounds like a nice idea... And i commend you on the template and setup :p Will read through when done and offer some contructive peer review... I know this isnt for reservations, i am just stating the obvious. I'd invest in this for 3% Only because its Ricdic... Nothing else.... Quote: The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
Ricdic Caldari Tleilex Developments Dara Cothrom	Posted - 2009.04.28 19:34:00 - [14] Ok it's all up guys. I done the numbers in detail a while back but couldn't find the doc so had to dredge it all back up again so let me know if there are any mistakes and I will jump right on it. It's all discussion for now, I just want to make sure it shows as clear, people understand it, are comfortable with it etc etc before it goes live (plus I need to get the toon into the new corp etc).
Ji Sama Caldari Tash-Murkon Prime Industries	Posted - 2009.04.28 19:39:00 - [15] Imo its well thought through bond offering. The only problem i see is if the investors fail to vote accordingly... What safety mechanism can be provided to leverage the risk? Quote: The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
Kazzac Elentria	Posted - 2009.04.28 19:40:00 - [16] I like, I'm either in for 2b or you can have a throw away alt of mine to rot on a trial account. Whatever works out.
HawkBlade Minmatar The Higher Standard Virtue of Selfishness	Posted - 2009.04.28 19:40:00 - [17] If you'll take it, I've got an alt I can provide you with. No one will ever think of you and I colluding to defraud & you know how trustworthy I am.
Ji Sama Caldari Tash-Murkon Prime Industries	Posted - 2009.04.28 19:46:00 - [18] Originally by: HawkBlade If you'll take it, I've got an alt I can provide you with. No one will ever think of you and I colluding to defraud & you know how trustworthy I am. this imo... you have your two directors imo :D nice job! Quote: The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
Researching Duchess	Posted - 2009.04.28 19:50:00 - [19] Originally by: Ji Sama Imo its well thought through bond offering. The only problem i see is if the investors fail to vote accordingly... What safety mechanism can be provided to leverage the risk? Honestly not a lot. This risk assumes a few conditions: 1) The trusted person chosen to be placed as director votes himself into CEO without any resistance on the 24 hour vote. 2) The trusted person (now CEO) then places another X amount of votes to unlock all the Titan BPO's. Each bond (or share in the physical sense) has a 100m value attached to it. Due to the value amount I would like to think people won't disregard when they see 5 Titan BPO unlock attempts etc. There really is no way to protect investors from this, it's absolutely crucial that they vote. Generally any vote made in that corp would be advised upon in this forum thread. Whilst this should be one of the most secure bonds available, it does hinge on the investors putting in some active participation. The alternate is that the trusted person chosen also buys up 51% of all bonds issued and he can over-ride any vote but one could say that is a tad unlikely and we would see it happening on shareholder lists anyway. Posting on RD from this point onwards to avoid confusion
Ji Sama Caldari Tash-Murkon Prime Industries	Posted - 2009.04.28 19:55:00 - [20] Edited by: Ji Sama on 28/04/2009 19:56:14 I see, thank you for answering that: i have a follow up question... since there are no way to insure the investors in this particular maner, would it be advised to limit the people who have access to the investment? ie. what if some quit or is absent for a long time? ie. should the investor bring some thought of guarantee that they will be available for voting? not trying to shoot anything down, as i say i will personally invest in this out of my own pocket, cant really justify investing with the corp... edit: cant spell available Quote: The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
Kazzac Elentria	Posted - 2009.04.28 19:59:00 - [21] I don't see it as an issue of non votes really. If anything its in the interest of voting investors for it since their vote now would have gotten that much more valuable. Also I personally don't see any one single investor putting in more than 20-30% at a single time, so the whole problem likely will never come up anyway.
Kazuo Ishiguro House of Marbles Zzz	Posted - 2009.04.28 20:01:00 - [22] Depending on the timing and the number of BPOs involved, you might find yourself in a situation where, if someone discovered the location of the POS, you would be forced to choose between paying a ransom, or suffering a war dec, and subsequent siege, leading to the loss of billions of isk worth of BPCs. Suppose someone did this three months into a set of copy jobs. What would your response be? --- 20:1 mineral compression ISRC Racing, Season 7 - schedule
Ji Sama Caldari Tash-Murkon Prime Industries	Posted - 2009.04.28 20:09:00 - [23] Originally by: Kazzac Elentria I don't see it as an issue of non votes really. If anything its in the interest of voting investors for it since their vote now would have gotten that much more valuable. Also I personally don't see any one single investor putting in more than 20-30% at a single time, so the whole problem likely will never come up anyway. well your right i wasnt saying it would be an issue, i am just trying to help out. i agree that the size alone is an incentive to remember to vote.. Quote: The SCC-LOUNGE is now offering Secure Commerce Services @ www.scc-lounge.wordpress.com
tre introv Deep Core Mining Inc.	Posted - 2009.04.28 20:12:00 - [24] I'm in for this, hard to find an offering with a reputation to back it. ----------------------
Azerath Brotherhood of Suicidal Priests KIA Alliance	Posted - 2009.04.28 20:14:00 - [25] Originally by: Kazuo Ishiguro Depending on the timing and the number of BPOs involved, you might find yourself in a situation where, if someone discovered the location of the POS, you would be forced to choose between paying a ransom, or suffering a war dec, and subsequent siege, leading to the loss of billions of isk worth of BPCs. Suppose someone did this three months into a set of copy jobs. What would your response be? If that ever happens let me know, I'm sure KIA could come defend it for a fee of course. :) Although it is abit tough because the shareholders via lockdown will know the location of the bpo, thus an interested pirate could in fact invest in the ipo and learn of its location, and war dec/siege the pos. Perhaps add in a plan for this? It's nice to finally see a decent large ipo for investors in the MD community to sink some cash into. The interest rate is low, but it matches the risk versus reward amount. Very low risk of failing or scamming, so interset rate to match it. Now if I could just get Ray's bond to pay out the owing dividens and buyback my shares I'd some capital to through around. I'll be in for a good chunk of shares in the near future. You're planning to launch May 1st? I look forward to the bond launch best regards, Azerath --------------------------------------------
Ricdic Caldari Tleilex Developments Dara Cothrom	Posted - 2009.04.28 20:19:00 - [26] Originally by: Kazuo Ishiguro Depending on the timing and the number of BPOs involved, you might find yourself in a situation where, if someone discovered the location of the POS, you would be forced to choose between paying a ransom, or suffering a war dec, and subsequent siege, leading to the loss of billions of isk worth of BPCs. Suppose someone did this three months into a set of copy jobs. What would your response be? Well due to the control tower only needing literally 2 advanced mobile labs on it to support 6 bpo's it means I can use a large and put a massive defence up. Many multiples of each hardener and a decent amount of guns/jammers etc that should scare the hell out of anybody. But if worse came to worse I would call in some favours and bring in a nice big force to clean them out. Even if they were to destroy the labs they wouldn't be able to get to the BPC's anyway so we are talking a 100-500 man battleship gang needing to shoot a large mega hardened tower for 10-24 hours for zero financial gain. I will add that to the risks tomorrow as well (bedtime atm)
HawkBlade Minmatar The Higher Standard Virtue of Selfishness	Posted - 2009.04.28 20:27:00 - [27] Originally by: Ricdic Well due to the control tower only needing literally 2 advanced mobile labs on it to support 6 bpo's it means I can use a large and put a massive defence up. Many multiples of each hardener and a decent amount of guns/jammers etc that should scare the hell out of anybody. Well, if I had to suggest (in the original planning) a solution I would have one corporation for isk dividend paying and another for the actual BPO/C work. The trick for lockdowns would be to have several trusted(worthy) worthy individuals hold the shares in the BPO corp, for security purposes. Corporation A: - Publicly traded shares - Used for dividend payments - Used for corporate voting Corporation B: - Private shares held by trustees - Used solely for lockdown votes decided by Corporation A The one step removal would alleviate operational security concerns.
brutoid Caldari	Posted - 2009.04.28 20:32:00 - [28] Originally by: Azerath Although it is abit tough because the shareholders via lockdown will know the location of the bpo, thus an interested pirate could in fact invest in the ipo and learn of its location, and war dec/siege the pos. Perhaps add in a plan for this? First thing i thought of aswell. Clarification on how this would be dealt with would be appreciated, could you really 'call in a favour' if your above example of a large bs fleet were to 'take an interest' in your pos?
SencneS Amarr Rebellion Against Big Irreversible Dinks	Posted - 2009.04.28 20:57:00 - [29] From my understanding of Game mechanics all the "Attacking" corp/alliance would get is literally a POS Death and 2 empty Advanced labs... Considering the BPOS will be locked up in a Corp hanger IN a NPC station. WOOOHOOO WE'ER ROLLIN' IN THE ISK YO' This POS IS A GOLD MINE!!! So.... all they could do is delay everyones payout. Which would be silly, as an investor even if you wanted to halt the copy you're be losing out directly on the return. Not a smart investor. Amarr for Life
Maewyn Primia	Posted - 2009.04.28 21:23:00 - [30] Edited by: Maewyn Primia on 28/04/2009 21:24:38 This seems like one of the safer investments I have seen so far (I haven't been around long though). I guess the only question I am going to have is will there be a min. amount needed to invest? (I know 100 mil/share but can someone buy just 1 or 2 shares)

Pages: [1] 2 3 4 5 :: one page
First page \| Previous page \| Next page \| Last page

COPYRIGHT NOTICE
EVE Online, the EVE logo, EVE and all associated logos and designs are the intellectual property of CCP hf. All artwork, screenshots, characters, vehicles, storylines, world facts or other recognizable features of the intellectual property relating to these trademarks are likewise the intellectual property of CCP hf. EVE Online and the EVE logo are the registered trademarks of CCP hf. All rights are reserved worldwide. All other trademarks are the property of their respective owners. CCP hf. has granted permission to EVE-Search.com to use EVE Online and all associated logos and designs for promotional and information purposes on its website but does not endorse, and is not in any way affiliated with, EVE-Search.com. CCP is in no way responsible for the content on or functioning of this website, nor can it be liable for any damage arising from the use of this website.