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GavinCapacitor
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Posted - 2009.07.26 17:36:00 -
[1]
I would like to reserve 500 shares please.
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GavinCapacitor
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Posted - 2009.08.27 23:33:00 -
[2]
500M sent
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GavinCapacitor
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Posted - 2009.09.17 15:57:00 -
[3]
First off I am glad that it looks like block 3 will be going and I will be involved in this IPO. I have a few questions now that it seems block 3 is moving forward.
Originally by: Bad Bobby
A number of parties have approached me about buying up all the remaining shares. I can't say anything more at this stage, but it is entirely possible that block 3 will be full by Saturday.
If you had several parties approach you about filling the rest of block 3 (lets say 20 billion, since that is what the one offer is), and if we assume 'several' is at least 4, then if you took them all up on their offers would it be possible to get block 4 going? (I realize this is not at all likely, just wondering)
Secondly, If the IPO does well would it be possible to re-open it to investment to get the 4th titan BPO going? (possibly after the first dividends). I ask because in addition to liking the idea of having a full set of BPO's, I will probably have more isk I could invest then (most of the investors probably could aswell) and once you had paid out the first dividends people could be more likely to invest because of the increased credibility.
It might also be worthwhile to see if either now or if/when we try to open up block 4 to get in the eve news that everyone sees when they log in (interstellar correspondents?)
In any case great job so far!
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GavinCapacitor
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Posted - 2009.09.17 20:33:00 -
[4]
Edited by: GavinCapacitor on 17/09/2009 20:34:05
Originally by: Bad Bobby
Originally by: Bad Bobby I've been made a private offer for 20b isk to be used to purchase the bulk of the outstanding shares in the 3rd block of this IPO. This offer would result in 20b of shares being owned by myself but with an obligation to repay the originator of the loan (rather than myself) should liquidation occur either from hit-by-a-bus or titan-market-failure.
I have decided to accept this offer and we are just making the final arrangements.
I will be leaving instructions for the Trustees via a corp mail in the super sekrit corp on how the repayment of this debt should be handled. Essentially they pay back the debt rather than paying me for my shares, so nothing controversial.
This 20b will be repaid, from my pocket, over the next year (or sooner). I will have the option of selling on my 20b of shares to assist in this, or I can keep the shares and earn profits from them, but that will be my call. Once this debt has been repaid I will communicate this fact to the Trustees and shareholders so that everyone is aware that this obligation no longer exists.
The terms for this have been agreed between myself and the private party. It is being treated as a debt from Titans For You to the private party, rather than the party holding shares as an investor. This means in the event of liquidation this debt must be repaid before isk is sent to shareholders.
While this is to the slight detriment of shareholders in the short term, which I regret, I will be holding 20b in shares to match this debt and so this will become a non-issue after the first principle repayment is made. That combined with it being 20b out of a 204b IPO makes the effect to the individual shareholder in the case of early liquidation minimal.
I am not sure I understand this, so here goes:
Someone loaned you 20b to purchase the remaining shares in block 3. Except you hold those shares. Any dividends to those shares go to the person who gave you the loan by way of repayment. You might also pay them isk out of pocket. And then at the end of the day the loan is repayed you hold your 6% and those 20b worth of shares bought with the loan. I would also assume some sort of interest or flat fee is added so that the person loaning the isk would get a return on their investment. Right?
Related Idea: (assuming I understand what is happening) after the IPO starts, put those shares up for sale, proceeds go to repay the loan.
Edit: spelling/grammar
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GavinCapacitor
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Posted - 2009.09.22 15:06:00 -
[5]
500 Shares received. Thanks!
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GavinCapacitor
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Posted - 2010.03.25 20:26:00 -
[6]
I realize I am a little late to the party, but I definitely support continuing operations, especially with the other 2 BPO's already sold at 14m each (great job Bobby!).
I do notice that we are copying all of our BPO's are copying at ME 1. Are there any plans to research 1 or 2 of the BPO's to ME2?
Also, with the good faith of seeing one return and knowing 2 more (which are almost 3x) coming, I'm sure most of the investors (myself included) would be willing to buy more shares - specifically enough to purchase a nagnarok BPO.
Again, keep up the good work bobby!
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GavinCapacitor
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Posted - 2010.04.23 13:48:00 -
[7]
Edited by: GavinCapacitor on 23/04/2010 13:50:05 edit: spelling
Originally by: Bad Bobby
While I've not found an attractive deal on a Ragnarok BPO yet, I am exploring this possibility. As stated I would not be interested in buying ME0 BPOs but I am considering options for well priced ME1 or better BPOs and not just for the Ragnarok. However prices would have to be very good to tempt me.
How do we feel about returns in the 2% - 2.5% region on Titan BPOs? Are further well researched examples an investment that you would be interested in or is it something that you would not touch with a pole of significant length?
Glad you are feeling better Bad Bobby.
The 2% return are great in my opinion. I knew this was a long term thing when I invested, and this return is most certainly better than the one I get from leaving isk sit in my wallet.
Which brings me to my next point - I would like to invest more (through more BPO's, I doubt anyone is selling shares at 1m ea.). The only thing stopping expansion would be that the market is saturated, but a ragnarok BPO give us an entire new market, which is why I like the prospect of buying one.
In any case, as long as you think the market can handle it, I would favor expansion. Considering how fast we sold these BPC's (on pre-order even) it seems like a good idea, but what do I know?
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GavinCapacitor
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Posted - 2010.04.26 07:29:00 -
[8]
I would like to purchase 500 shares.
Isk already sent to Character Titans 4U.
Are there any plans to research our current ME1 BPO's to ME2?
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GavinCapacitor
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Posted - 2010.04.29 20:37:00 -
[9]
Originally by: Titans 4U
6. RAGNAROK BPC at ME1 PE0 has been SOLD.
9. RAGNAROK BPC at ME0 PE0 is AVAILABLE NOW at 6 BILLION.
Please excuse/ignore me if this is blatantly obvious (especially with the non-sense in the last 3 pages of this thread I was just read), but why/how are we selling Ragnarok BPC's ?
I'm so confused.
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GavinCapacitor
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Posted - 2010.07.30 15:19:00 -
[10]
Originally by: Estel Arador
Originally by: Xenuria The statistical chances of somebody war declaring the right corp and then somehow finding the hidden pos in high sec is extremely low.
And yet those same statistics say it will happen, given enough time.
Probability does not work that way!
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GavinCapacitor
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Posted - 2010.09.30 18:29:00 -
[11]
Well, this sucks. Still, as a first (and last) venture into investing into things, having it be the biggest scam in the history of eve is something I guess. And if I ever feel the need to try investing in something again, I can just go to my wallet and look at those t4u shares.
Man, with all that money... you could sub several accounts from now until the end of eve...
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