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Generalkey
Primary Industries
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Posted - 2009.06.05 11:02:00 -
[1]
Edited by: Generalkey on 05/06/2009 11:10:45
Greetings,
Please be aware this post will be lengthy.
I wish all comments to be constructive and contain comments on ways to improve the bond, any worries you would feel if you were to invest.
FYI this is my first bond offering and most likely my first major post in the MD forum.
Primary Industries Bond Offering
ò Chapter 1 - Summary of Primary Industries
ò Chapter 2 - Background
ò Chapter 3 - Coporate Governance
ò Chapter 4 - The Business Plan
ò Chapter 5 - Statement of Assets
ò Chapter 6 - Full Disclosure of Risks
ò Chapter 7 - Full Disclosure of Main and Alts
ò Chapter 8 - Exit Strategy
ò Chapter 9 - Bond Phases, Dividends, Market Cap
ò Chapter 10 - FAQ
Chapter 1 - Summary of Primary Industries
Primary Industries is primarily an Industrial Corporation that has ventured in all forms of isk generation baring a few. A mixed group of Australian, UK and European members working as a team to get what we are trying to achieve. After returning to empire we continued with our T1 construction and invention programs.
Chapter 2 - Background
Previously I have coordinated several production and trading schemes using my own isk and had been very successful becoming a multi billionaire within a month from 200m isk. Once I had reached a goal I had set I rested for a month and began earning isk for the corporation in a similar fashion opening up/strengthening trading hubs in high populated areas.
Recently I have been teaching a real life friend (also director within the corp) the mechanics of earning isk in Eve Online which he took very well and has begun making his own isk.
A director and I had begun to talk about running an IPO to experience the full potential of our ideas and work together as team. We feel with my previous experience and both of our willingness we will be able to take this to the next level and expand our production and trading to its full potential.
Chapter 3 - Corporate Governance
Primary Industries has 3 main directors, The Jacks whom runs our mining/invention section, VileÆer who runs our mission and production section and myself who runs overlooks all sections within corp specializing in trading/production and PvP.
All decision are put forth through myself, all great ideas is then open to all members within the corporation to post theyÆre views. Judged on what opinions I receive normally majority rule a decision will be put into practice.
As mentioned above there is 3 Directors within the corporation myself is included who have access to the corporation wallet. All members I trust and have been playing together for some years in and out of EVE.
The 3rd director will not be using the corporation wallet at all with this Bond and can have the corporation wallet role removed during the duration if investors wish.
Chapter 4 - The Business Plan
Primary Industries has a range of products we produce:
Sub Capital Production
Rigs and Ship Modules
Invention Products
All materials required are obtained within the corporation from missions running/mining/exploration and a large portion from jump specific and regional buy orders.
We intend to run a highly liquid form business, for example we will not be buying any BPOÆs for this Bond.
We want as much isk available at all times to jump on opportunities and continue a large amount of buy orders to continue production at all times.
In the past we have had some great profits on all items ranging from 5% - 300% depending on the item and demand, however we are confident we are able to continue strong growth on a larger scale.
I do not want to go in full detail on what we do and where we sell it in fear for reducing the effectiveness of the Bond, however more information can be given to paid share holders on request.
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Generalkey
Primary Industries
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Posted - 2009.06.05 11:02:00 -
[2]
Edited by: Generalkey on 05/06/2009 11:16:30
Edited by: Generalkey on 05/06/2009 11:12:31
Chapter 5 - Statement of Assets
Myself and VileÆer both obtain our own Freighters and Blockade runners for the task which we will use to its full potential.
Chapter 6 - Full Disclosure of Risks
I have designed the structure to avoid as many risks as possible however we never know what may happen in the future.
There will be 0% secured with this bond, we will be trying to keep as much in buy orders as possible to continue making profits as much and as quick as possible. This may result in a large amount of stock on sell orders at any given time, however if the need arise we should be able to liquidate all items to repay investors.
Hit by a Bus. Both Vile and myself have each others passwords in the case one of us runs into trouble in real life, however this is unlikely to happen but is there just in case.
War Decs on the corporation. This will slow down production greatly we will not be using freighters if at war, but we will be able to move smaller goods with blockade runners escorted by falcons/scouts to continue to make profit. This however can increase the amount of stock on hand and will lose extra profits once the wardec is finished.
Primary Industries has fared well in wars in the past restricting enemy kills to a bare min while doing large damage against them. All members are PVP trained and work well as a team.
Low Sec hauling will only be done with Blockade runners with scouts to ensure the way is safe.
Market saturation has been discussed of our main markets, this can be a possible and we will move some asset to a newer market were we are certain profits will not be the same.
Chapter 7 - Full Disclosure of Main and Alts
My main is Generalkey, I will be using this as a face for the IPO due to my in game reputation with quite a few people, however my alt Hauler Mcaltish will be doing the majority of the hard work.
My alts are the following:
Generalkey (Main and CEO) 1st account
Business Mcaltish (Trading Alt)
Hauler Mcaltish (Hauling/Trading/Production) 2nd account
General Key (useless alt not in corporation currently training for Dreads on this toon) 3rd account
VileÆer (Main and Director)
VileÆest (PvP and Mission Toon)
EnjÆuniÆty (production and trading toon)
Chapter 8 - Exit Strategy
After 3 months we will be buying back all shares at the purchased price, depending on our profits we may see fit to increase the final dividend as a thank you for giving us this opportunity.
If this bond was to end early we will liquidate all assets and cancel all buy orders. All investments will be paid back in full + expected dividens. I will use my personal isk to ensure this is done to the full amount as expected if the need arises. Patience will also be asked if sufficient liquid isk is not available to repay all at once.
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Generalkey
Primary Industries
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Posted - 2009.06.05 11:03:00 -
[3]
Edited by: Generalkey on 05/06/2009 11:18:18
Edited by: Generalkey on 05/06/2009 11:15:49
Chapter 9 - IPO Phases, Dividends, Market Cap
Total Number of Shares
100
Price Per Share
100,000,000 (100m)
Anticipated Market Capitalization
10b
Max Investment Per Person
1b (10 shares)
Dividend Schedule
Monthly
Projected Return per Dividend Payment(%)
5.0%
Mature Date
3 Months û Potential to go longer depending on burn out levels and investorÆs approval.
Chapter 10 - FAQ
Q: How do I know this isn't a scam?
A: You never know, however I know I will not scam in any form nor will my counterpart. To go further on this we are a small empire corporation that has experienced all forms of the game, we are doing this for the experience not the isk.
Q: How do you know you'll be successful?
A: We will be expanding a venture we have both used in game already, however we will be somewhat starting from scratch for this bond. A slow start is expected.
Q: Why are you doing this?
A: Its something myself I have been interested in trying, I enjoy getting involved with every game I play to experience as much as I possibly can.
Q: Do you intend to have an audit done at some point?
A: I would prefer an audit to be done ASAP for investors peace of mind, I have nothing to hide beside a few of my special trading practices.
Q: What's your background?
A: For the first year of my eve career I did a lot of missions and mining as I learned the game I moved onto pvp. This turned into a career as a CEO of a pirating corporation which I had left 8 or so months after it was created, to move onto other experiences. The last year or so of my Eve career I have been experimenting with the market and pvping in low sec as a stimulant.
Q: Will you ever pay over 5% dividends?
A: Depending of profits, I would like to pay more if things go extremely well.
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Generalkey
Primary Industries
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Posted - 2009.06.05 11:03:00 -
[4]
Edited by: Generalkey on 05/06/2009 11:24:41
Edited by: Generalkey on 05/06/2009 11:20:48
Edited by: Generalkey on 05/06/2009 11:20:19
NO RESERVATIONS ARE TO BE MADE.
This thread is for discussion only until all wrinkles are ironed out.
I would like to thank the MD community for organising a template, this has saved me a lot of hard work.
If a known auditor is interested in auditing this bond i will be very happy to talk to you.
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Generalkey
Primary Industries
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Posted - 2009.06.05 11:32:00 -
[5]
 Quote:
then... audit? where is it?
contact the SCS or Kazzac they seem to be the cream of the cream.
Thank you for the advice i will get in contact with either party when i can.
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Generalkey
Primary Industries
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Posted - 2009.06.05 12:15:00 -
[6]
Quote:
Will you be using the in-game share system?
An in-game corporation is automatically created with 1,000 shares and you cannot reduce this.
You are only selling 100 shares - what will happen to the other 900? If you intend to use the in-game dividend system you will have to enter a figure ten times higher than what you intend the share/bond holders to receive, or spam the system.
I suggest that you increase the number of shares released to the full 1,000 (easy to spot any discrepancies in actual/published share volume) and lower the price per share to keep the same total capitalisation (ie. 1,000 shares at 10,000,000 ISK each), maybe lower the maximum investment to encourage newer investors.
After staring at word for so long this popped in my head but just disappeared :(.
I was considering using the in game share system, however i didnt want to use the div system it uses.
Im considering issuing shares as per the amount an investor purchases but paying each one by one that way i can be sure each got paid correctly.
Quote:
Also, if it is a bond, it would not be a projected return, but a fixed return.
Good point, but if profits are good i want to pay more to those who invest. This figure will not go down at all.
I am looking for an experience and have opted to reward those who give this opportunity.
Quote:
I would also suggest when an audit is completed if there are any changes (2 on the second post already) reposting the launch/IPO/bond details together with the audit details so as to incorporate any changes into an unedited posting to create a new original document. EveSearch is great (thanks Chribba ) but once editing is done then the original is corrupted. (Not explaining that very well, but I hope you get the idea).
I do apoligise about the edits, some terrible spelling errors are to blame.
This was posted as a discussion thread originally, when it comes to selling the shares a brand new thread will be made with all relevant information including an audit.
I would prefer though the person running the audit to post the full audit themselves.
Quote:
My 0.01 ISK opinion.
You have been a great help thankyou.
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Generalkey
Primary Industries
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Posted - 2009.06.05 12:49:00 -
[7]
Quote:
Why no purchasing of prints when its going to primarily be a production operation?
We don not want isk tied down to BPO's purchasing BPC's will yes lower the profit margin but give us the ability to change production at any given time.
Quote:
Within your T2 invention line, and mind you that you don't have to give the location(s) away, how many hubs in low sec are you planning on attempting to seed?
We will not be seeding ships into low sec, we do however have a lot of contacts from our pvp days interested in t2 ships delivered to a location in hi sec.
Quote:
What portions of the bond are going to which division in the corporation? Ie, will this be used to buffer the invention side only, the production wing, etc...
-my suggestion off that would be to run a bond specifically geared towards only one particular aspect of your operation. This way failing returns don't affect the profitability of this one.
We want to be able to provide a wide range of goods, over the period some items will sell before other ones. We can adjust our production to fill orders that are selling quicker then other sections. All sections are profitable however some have quicker turnover then others.
We do not want to saturate the market we will pick our opportunities which we have done in the past, but this time with a higher capital and miss only a small majority of them if any.
Quote:
If you are running a short 3 month operation, I would also suggest delaying your divs until completion and run a total buyback or closeout. Set your interest rate slightly higher as well, 5% is pretty low given what you're asking us to swallow here. To give some perspective why, Kwint just completed not that long ago a 4-6 month... he'll correct me Im assuming... dutch style bond where I think most returns hovered in and around 5-7%.
Very interest, when i was considering a percentage i went for one i know we can reach easily. As stated above i would prefer to offer a higher interest if all goes to plan (most cases it will however we will adapt if somethings do not work out in some areas).
I would also prefer all shareholders to recieve the same amount of percentage from each share and will be easier on me come payout time.
I will see how the community feels on the matter to determine the final percentage of payouts.
Quote:
What is your current NAV?
What is your current operating budget?
I started with 200m a few months ago and managed to pull about 2b in the end after a month and some change, which is were i got the trading addiction.
I currently do not track my own NAV.
Quote:
...thats it for now, Im sure I'll have more depending on the answers
Thank you keep em coming |
Generalkey
Primary Industries
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Posted - 2009.06.05 13:22:00 -
[8]
Quote:
You can download EMMA and have it spit out some NAV in automatic that is better than nothing.
I do use emma for the production side of things however the program blows up every now again. I am aware you can obtain an amount in emma however i am currently not home to check.
Quote:
Gotcha, I thought a guy asking for no reservations at this time meant he didnt want reservations
Sorry i should have been a little clearer with that.
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Generalkey
Primary Industries
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Posted - 2009.06.05 15:58:00 -
[9]
Quote:
So you aren't like the post says or you are looking for 'pre-reserves' like Vaerah thinks
Quote:
If the OP does accept, I would be willing to invest regardless of audit or not for 1b.
i will not be accepting any reserves atm until i get some more comments on the bond itself.
Thank you for showing your interest however :)
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Generalkey
Primary Industries
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Posted - 2009.06.05 16:00:00 -
[10]
Originally by: Eric Woo
As a noob in both Eve and it`s market your post makes me want to invest.
I did some reading and it seems an audit is part (in most cases) of the process so i will wait until it has been completed.
Looking forward to the launch of the bond / will monitor this topic daily.
Thanks,
very good to hear mate those who have posted they're interest will be mailed in game prior to the release of the bond itself.
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Generalkey
Primary Industries
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Posted - 2009.06.05 21:20:00 -
[11]
Quote:
So do you buy minerals from your members at a fair market price? Or do you mine internally to 'reduce costs'? This is very important information for potential investors to know because it sheds light on your financial practices.
yes we do it is however it is cheaper then market buy orders, our members know this prior to them selling us minerals and materials.
Quote:
Forgive me if I am misunderstanding, but it seems to me that there is something big missing here. What exactly will you do with the money? Is it to increase liquidity so you can push more through assembly lines at any given time? Allow for sell orders to run longer before going to buy orders? Put out your own buy orders for materials? If you aren't buying BPOs, you have only per-run costs and per-run sales; how large is your operation if you are asking for 10bn in capital to inject into such a non-capital-intensive business? We need some specifics on what the money will be used for and why.
Ship construction is only one part of the bond however will be a major part at the beginning of the bond. We have several in game contracts who require a lot of ships often, we want to be able to supply all T1 sub capital ships. After studying a market on a couple time daily event we will see what is currently require in our markets and change our production to suit any holes in the market.
We already know what is in high demand with the local and private market, we want to increase the total amount of ships built and in full range from frigate to battleship in high amounts.
I can only guess at this stage but as the market lays we will invest rougly 4-5b in minerals at the beginning of the bond, this will change as we adapt further with the market.
Quote:
Quote:
Hit by a Bus. Both Vile and myself have each others passwords in the case one of us runs into trouble in real life, however this is unlikely to happen but is there just in case.
That's against the EULA, I would not say that on the forums. I'd hate to see the bond failing for you being banned, so be careful with that.
We are friends in real life, we do not play each others characters but have given it for this bond in case of such events.
Quote:
Still think it would be best to use the in-game dividend system as that provides an audit trail (of sorts) to confirm total paid out,
I see, transfering corporation cash will show up as a player donation instead of a div payment. Excellent point the total share amount may change on actual launch to be able to pay through this div system.
Quote:
Bah, since all im getting is a contradiction I'll readminster my interest and ask to be included in this list
This will not ensure you will be able to invest i will give a time roughly when the launch will occur it will be up to you whether you are online or not to buy in on the venture.
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Generalkey
Primary Industries
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Posted - 2009.06.05 23:12:00 -
[12]
Quote:
1. Why not use the share system, it is very robust allows people to track amount of shares, div mechanism is good.
Don't see why you don't like divs system. If 10B bond 5% ROI is 500M ISK just click on dividends and it pays equally. That is the most accurate system.
The main reason would be due to inexperience using this system however from a few previous post i would agree using this system would be the way to go.
Quote:
2. If you were so successful trading from a few 100M to billions why do you need ISK to start a business, surely you could self finance it.
I totally agree, however this is a project i have been interested in running since reading the MD forum and also offers myself further experience in game which i have yet to try. Aiming for a min set goal monthly will be further encouragement to succeed for myself. My partner will also benefit from the venture more from the business end in game itself.
Quote:
3. If you are in production business not owning BPO's is stupid as you costs will be way higher than your competition and your profit way lower.
I do agree, we do own a small collection of BPO's of smaller high selling ships, our market changes every day and we must be able to adapt to make a steady profit. This would result in BPO's left unused, sitting there making no further money.
Quote:
4. Your business plan is very vague like your not sure what your doing. If I invest in abusiness it has a solid plan. You copied Hexx's outline but doesn't seem like you have a real business.
I would like to thank hexx and the MD community for making the template it did say myself a lot of working writing up this venture.
We have a lot of ideas which we have run on a smaller scale around the 2b area separately, we will be working together with this venture and spread to all previous isk generation we have used in the past at once to fully supply our public and private markets.
I have in past tried many ways of production and trading, liquidating previous ventures to move onto new ventures, with this bond we will be able to do all ventures at once, saving hauling time and offer more to our clients.
I would like to mention that i am very nervous with this bond being my first and in new waters were i am unexperienced, however in game i know very well how to make isk and this will be an excellent opportunity for myself to test my capabilities.
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Generalkey
Primary Industries
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Posted - 2009.06.05 23:18:00 -
[13]
Edited by: Generalkey on 05/06/2009 23:18:59
Quote:
IMO this feels wrong. Don't take reservations, so you can contact the investors. Send ISK plz but I will not issue shares and no-one in the forum can see who is or is not invested.
I did not want to take any reservation as i wanted to iron out the bond offering first, i want everything to be right and up to standard before releasing the bond itself.
I will simply be eve mailing those who have shown interest that a post will be made, this will not get investments before anyone else who would post on the sales thread once it had been made. First come first serve these people would just know 12-24hrs before it has been posted.
[EDIT] spelling error |
Generalkey
Primary Industries
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Posted - 2009.06.05 23:25:00 -
[14]
Quote:
You definately need an audit due to lack of MD exposure.
I completely understand and several auditors have been contacted in game in regards to obtaining an audit. |
Generalkey
Primary Industries
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Posted - 2009.06.06 02:24:00 -
[15]
Edited by: Generalkey on 06/06/2009 02:25:10
Quote:
You have still not addressed what you will do with the money! You mention "ventures" and that you will be able to enter more of them because you will not be switching so rapidly, but you haven't told us what these ventures are. Manufacturing? Invention? Be a bit specific. Not so specific that you must give away useful details, we aren't asking for that; but are you doing ship invention? Module invention? To whom do you sell your product?
Ok, we have 3 major parts with our past ventures which we will bring into play for this bond:
1: Ship construction
This will provide the basics of what we are trying to sell, we place ships in markets joined with our other 2 markets to try and capitalize on as much as possible in the area. It all works together but can run successfully by itself but will be stronger with all 3 together. This will take a larger portion of the capital for not as much profit but again will work hand in hand.
2: Module Trading
This will provide clients the ability to build a fully fit a ship without changing stations/systems, hopefully from a ship already purchased from us this will be were the majority of our profit will lay and a medium portion of capital to run.
3: Rig construction
Again this will work together with the other 2 sections, basically providing every thing a pod pilot requires to fit x ship.
4: Ship Invention
We will not be doing a lot of invention, mainly by order from our current private contacts, again a built t2 ship requires rigs and modules to fit and we intend on involve all parts.
--------------------------------------------
We have a system already in place with our private and public markets that has worked really well but we were unable to fully satisfy all our clients due to lack of capital to provide all sections. After discussing what we will require to do this we came up with the 10b figure that will give us enough capital to provide clients 95% of the time.
Quote:
You also haven't given us any numbers, except that you want 10bn ISK. How much do you currently have in assets and liabilities? How much of these are liquid assets (cash), how much is easily liquidated (minerals and products), and how much is difficult to liquidate (investments, blueprints, etc)? How much money runs through your production lines (if they even exist!) over time? How much profit have you made historically? Has this been consistent? Growing? Shrinking?
My emma has been broken for some time so i am unable to give you exact figures, i started at roughly 200m and turned it into 2-3b within 1-2 months (sorry i do not have the data to be certain on the accuracy). My assets personally have been exactly what this bond is trying to achieve, i will be stopping my own ventures and turning them into the bonds ventures. Again can be liquidated within a day if required and ranging from 4-5b with roughly 2b in isk form.
In the past i have been trading as a hobby while i pvp/mission run, i have my main computer and a laptop. My laptop is my business hub where i non stop haul and trade. I feel working on this full time can raise burnout levels, but i will be able to cope very easily with the odd game of counter strike to relieve myself :).
EDIT: i am in the process of fixing emma by obtaining a brand new key.
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Generalkey
Primary Industries
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Posted - 2009.06.06 02:29:00 -
[16]
UPDATE:
Have been discussing with some well known auditors, we are arranging the required information for them to do they're job.
The BOND will not be launched until an full audit has been taken place and discussion have been made from it.
After discussing with a known MD member we both agree on holding a meeting either via ventrillo or teamspeak, so all possible investors can ask questions in regards to the bond and myself. This information will be posted in both this thread and a new thread which will made to advertise this event. |
Generalkey
Primary Industries
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Posted - 2009.06.06 08:16:00 -
[17]
Quote:
The Lounge TS servers are available for Q&A w generalkey at times that he will post. So please come grill him voice in addition to the traditional MD Gautlet.
I would like to be able to 1. either provide a minutes from the meeting or 2. a full recording so those who could not attend can find out what was said and my answers to questions asked.
Quote:
Caleb, with all due respect, the SCS is a newcomer in the auditing field. The only experienced auditor currently offering his services is Kazzac. So an audit carried out by the SCS (who, specifically?) will not have the same credibility.
If the public feels strongly against this auditor, another arrangement can be made. After being in discussion with them they appear to be a professional group and very thorough. I can understand an experience and trusted auditor is prefer especially on a first offering such as this bond.
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Generalkey
Primary Industries
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Posted - 2009.06.06 09:10:00 -
[18]
Quote:
If you could self finance it is always the easier method. Why would you share your profits if you didn't have to?
why would you bother with reports if you didn't have to?
It the new experience i am after the most, obtain public isk and proving myself to the public is something i have not attempted. I am already enjoying the interest people is showing in this bond and seeing how much is really involved with running such an operation.
isk is not the reason i am attempting to run this project, as you can understand i can make very good gains with my current isk and get to the same place in a short period of time.
Quote:
That is a terrible return for a total unknown.
I do agree 5% was a base amount, something i know we can reach easily. I would like to reward investors with a bonus of such which is more of an IPO feature. This will be subject to how well the bond goes, we have run smaller operations but not all at once at such a level.
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Generalkey
Primary Industries
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Posted - 2009.06.06 15:55:00 -
[19]
Quote:
Its just far to risky at this point.
While you've been mostly up front, there just is no clear concise goal with what the isk is going to be used for. You should be able to exactly give us what portion is going to go towards what.
As an example, Im getting ready to expand my capital program. I'm not going to use public funds, but if I was I could very easily tell you that of the 40b I'll be pumping into the program, 18.5b will be going towards prints, 18b towards increasing mineral acquisition, and the remainder towards a new starbase build location.
The return amount is particularly low given the risk involved here. The rig market is very volatile, with build times in minutes it doesn't take long for prices to react to salvage supply.
The T1 market is ruled by people who own prints... period. If you are building off copies and have contractual clients that you charge a premium then maybe...maybe but your returns can be made much better by just picking up a print or two financed by the bond.....and 10b is quite a bit for that given that you are already delivering things.
.... I'm just not getting a good vibe from this one... at all.
I can understand exactly where you are coming from, our markets change very rapidly. We are capable of adapting to these markets and have done so previously. Its the market we operate, you can see great profits for a period of time then slower profits for another period.
This form of isk generation is different to the recommended ways of trading, however it has paid off from persistence and private marketing. Trust is a hard thing to come by but by the end we hope to prove ourselves to most peoples standards and then some.
Quote:
It is what it is. No point whingeing about it.
No, it¦s not a healthy situation to be in - neither for Kazzac, nor for MD. The way forward is for new auditors to assist an experienced auditor first. An untrained auditor, regardless of any rep he may have in other parts of the game, will not have credibility from the get go - nor can he be expected to perform a thorough audit.
I am happy to give a new auditor a chance to prove themselves within the community, they have shown a lot of interest and have conducted themselves very professionally. Again i am happy to move to a more experienced auditor if investors feel they can not trust a new auditor.
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Generalkey
Primary Industries
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Posted - 2009.06.07 04:33:00 -
[20]
Quote:
No, a vague promise won¦t cut it. I¦ve no doubt your anticipated returns are significantly higher, otherwise you wouldn¦t even be contemplating this expansion. You will need to increase the 5% offer significantly. By way of comparison, Ji Sama¦s IPO had returns of more than 10% in the first month.
It is excellent Sama has been able to offer an impressive rate for the first month. Interest has been shown at the current rate, but i would not rule out increasing the return prior to launching this bond.
Quote:
- A 10 billion first time offering. Somewhat higher than the suggested figure of 3 to 5.
We are already capable of running this project at the 3-5b mark. We would like to take this venture further and see exactly what it can offer us at the higher capital.
Quote:
- 3 months. Why not 1 month to start to build confidence?
The first month is expected to be slower, with the majority of organization and business set up will be conducted in this period. The last 2 months is where we will see a lot of higher profits and stock turnover.
Just running this venture for one month will not be as successful, and we feel the 3 month term will be sufficient for us to prove our self within the community as a starter.
Quote:
- A very vague business idea, not a plan. You need to get rid of the fluff and come up with something more tangible, solid.
I have given the guidelines on what we will be achieving in our market. We are used to changes by the hour and we are both capable of locating opportunities and jumping on them as they appear.
We have demonstrated this previously and once an audit has been conducted this will be released in detail from a third party.
Quote:
- No security. Nada. Zilch. Not a good idea, I¦d suggest.
I have been discussing the a few people in game regarding to this, security can be provided to an extent and we will be waiting for more feedback on whether this will even be required to fulfill our intended capital.
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Generalkey
Primary Industries
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Posted - 2009.06.08 04:09:00 -
[21]
Quote:
I just have had some time open up in my docket for next week. If the OP wishes I can look over things as they stand and give a general once over.
I cannot however in good faith take on this project without at least the limited keys of ALL players involved, this includes every corp member.
Because I lack the time involved to thoroughly check every nook and cranny, what I would suggest is that the OP list every corp members alt, verified by me and then let the public decide on their investment based on what I find in the financial.
..Basically I have time to check your books but not much else.
If this sounds acceptable, either evemail me or ask any number of people for my personal email addy.
Excellent very good to hear, thank you kazzac. I will contact you in game when i finsih work.
If the community is happy with it i would like to have 2 audits done. One by brock nelson and co and if kazzac and i can agree to a 2nd one. |
Generalkey
Primary Industries
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Posted - 2009.06.08 08:25:00 -
[22]
Quote:
Apologies to the OP for this diversion and I look forward to the results of the audit.
This does appear to be getting a little bit messy, can we please now stay on topic towards comments on improving the bond or questions regarding myself, I am eagerly awaiting the results of the audits. I have not had the chance to get in contact with kazzac yet due to him being offline, but i would like to obtain 2 seperate audits, this way investors can choose which one to look into.
With kazzac's time being limited i know it will not be up to his usual thorough audits, however i am happy for him to look at general information to confirm what i have already posted. If he is able to produce more i will be more then happy. However i will update this thread once i have had the chance to have a talk with him. |
Generalkey
Primary Industries
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Posted - 2009.06.08 23:10:00 -
[23]
All requested api details have been given to one of the auditors, still awaiting contact from kazzac in regards to a second audit.
The Auditor has been advised to be as thorough as possible, the only thing i have told them not to report on is the items and locations we do our operations. |
Generalkey
Primary Industries
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Posted - 2009.06.09 14:23:00 -
[24]
After getting in contact with kazzac he has agreed to do a minor audit on primary industries due to his busy schedule. I am grateful he has been able to squeeze us in. As far as i am aware he will confirm our book work and reconfirm so information that brock will post in his more thorough audit.
I would like to set up the teamspeak meeting for all interested investors at the end of the week friday the 12th of June or 13th of June. Once i confirm some times with caleb full details will be posted in this thread.
In the mean time i ask investors to either post concerns in this thread or note them down for the meeting at the end of the week.
Cheers,
Generalkey
CEO of Primary Industries |
Generalkey
Primary Industries
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Posted - 2009.06.12 01:50:00 -
[25]
Vent meeting has been arranged.
Please see this thread for information.
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Generalkey
Primary Industries
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Posted - 2009.06.15 10:06:00 -
[26]
After discussing recently with vile'er and our corporation members, we have decided to remove ourselves from the public light with our corporation activities. As of now we will be cancelling our public bond offering and staying with a private investment structure which was plan B.
I personally would like to thank all that have commented, supported and expressed interest in our offering. We have decided we do not want to be part of the MD community and enjoy the way we currently operate.
No isk has been received from any investor thankfully and if a future offering comes available we will post here as we did prior to this thread. |
Generalkey
Primary Industries
|
Posted - 2009.06.15 11:57:00 -
[27]
Originally by: YouGotRipped
Edited by: YouGotRipped on 15/06/2009 10:55:35
Originally by: Generalkey
After discussing recently with vile'er and our corporation members, we have decided to remove ourselves from the public light with our corporation activities. As of now we will be cancelling our public bond offering and staying with a private investment structure which was plan B.
I personally would like to thank all that have commented, supported and expressed interest in our offering. We have decided we do not want to be part of the MD community and enjoy the way we currently operate.
No isk has been received from any investor thankfully and if a future offering comes available we will post here as we did prior to this thread.
Originally by: 720
Write up something reasonable and ask for an audit. [...] If someone does step up to do an audit, simply state private funding came through.
Audit's are still in progress and will continue to confirm my statements. Thank you for bringing that to my attention.
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