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lacretia
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Posted - 2009.07.16 19:25:00 -
[61]
Kess/Cosmo...if either of you decide to take over administering this, I would be willing to put some money up as an investment.
After all...ive been trying to find a way to get invested in one of yalls business ventures.
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Skarii TuThess
Maelstrom Crew
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Posted - 2009.07.16 19:45:00 -
[62]
Kazz I agree with you about putting shareholder rights first. It's a shame we can't have a discussion amongst all shareholders about what to do. I also believe that if the people that have mentioned they want to join in do so then there will be a thirst for investment.
As BP sales will take some time anyhow (and a 7-13% loss is, as you said, very minimal compared to what it could have been had you not been so prudent) I would like to give time to cosmo / LVV to come up with some proposals as to where to take this.
I mean we're at a 7-13% loss anyhow, I'd rather lose that in the share price of a working business that will give a future return than in dead ISK.
On a separate note I'd like to thank you for the effort you are putting into this.
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Marbo Slyder
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Posted - 2009.07.16 19:56:00 -
[63]
my small shareholding (50) is happy for this to remain open for further dialogue and possible development.
I also happen to have a cap component build char available, were that to be of any use
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Marcus Baltar
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Posted - 2009.07.16 22:20:00 -
[64]
I think that the best idea would be to liquidate everything and hand back the money, pro rata, to the investors.
However, if there are some people interested in running this, rather than sell everything, the option to launch a new IPO along the exact same lines should be explored.
The original investors could be allowed the option of buying in to this new IPO using the proposed liquidated price of their original investment (old shares can be transferred to confirm things) and assets to this value can be automatically transferred to the new IPO (with lockdowns, etc..).
Those original investors that want out can then be paid off by selling untransferred assets (or the money raised from the remaining IPO), and the remainder of the IPO can be opened to the public.
For example; Original IPO of 1000 shares at 15,000,000 each, 15,000,000,000 ISK total Remaining asset sales would net 13,000,000,000 ISK therefore each investor would get back 13,000,000 ISK per share. A new Private Offering (IPO?) is launched, 70% of original investors want to transfer their stake so assets to the value of 9,100,000,000 ISK can be transferred to the new IPO with new corporation shares going to the these investors (hopefully using a more personally preferable value of 1,000,000 ISK per share) with no money needing to change wallets. Then the Private Offering can be made a Public Offering and opened to the public and the money raised, to the preset Offering value, can be used to purchase remaining assets and pay off the leaving original investors. This would allow those that missed out first time to invest in a new "IPO" and would avoid the hassles of a takeover or "credit default swap", as well as distance operations from the original badly run/scam attempt.
Just my idea, and not too sure how feasible and well presented it is. 
Whatever, keep up the good work Kazzac Elentria.  -- MBMDREP --
DesuSigs
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Vaerah Vahrokha
Minmatar Dark-Rising
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Posted - 2009.07.16 22:30:00 -
[65]
Please have a look to this proposal:
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1120822 - Auditing and consulting
Before asking for investors, please read http://tinyurl.com/n5ys4h and http://tinyurl.com/lrg4oz
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cosmoray
Cosmoray Construction
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Posted - 2009.07.17 03:37:00 -
[66]
With current cost of capital in Eve running about 5% per month, it is better to liquidate.
At 5% cost of capital you can absorb a 7-13% loss in 2-3 months. Anything longer term than that and you are losing money.
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Ender2006
APOCALYPSE LEGION
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Posted - 2009.07.17 03:42:00 -
[67]
I would be interested in purchasing some of these bpo's if they do indeed get liquidated.
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Kazzac Elentria
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Posted - 2009.07.17 12:23:00 -
[68]
Originally by: Ender2006 I would be interested in purchasing some of these bpo's if they do indeed get liquidated.
All will go on the sell forums starting this Monday (accounting for time to unlock and move from HQ to Jita for sale)
Components I've held off hoping prices will recover and adjust to reflect mineral spikes. |

Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2009.07.17 12:31:00 -
[69]
Just out of the curiousity, how much did Z'xera pay for the blueprints with the investor's money?
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Kazzac Elentria
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Posted - 2009.07.17 12:55:00 -
[70]
Originally by: Brock Nelson Just out of the curiousity, how much did Z'xera pay for the blueprints with the investor's money?
10.5, so while technically speaking he walked away with 2-3b the sheer fact I was able to get the prints on the dime worked out for the best. |

Galal Dax
The Panopticon G-R-I-E-V-A-N-C-E
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Posted - 2009.07.18 04:38:00 -
[71]
Originally by: Kazzac Elentria
10.5, so while technically speaking he walked away with 2-3b the sheer fact I was able to get the prints on the dime worked out for the best.
Kazz, thanks for doing all of this for us.
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Mr Bussy
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Posted - 2009.07.21 13:20:00 -
[72]
any news regarding when we can expect "results" from liquidated prints? thx in advance.
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Kazzac Elentria
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Posted - 2009.07.21 13:29:00 -
[73]
Components are on the market, half sold already.
In negotiations with a private party regarding the prints. Can't get into the game at the moment to check my evemail until later today. If I can move all of them at the same time, I think its preferential to letting them possibly languish on the sell forums for a month or more.
That and I had to petition to get them unlocked cause after 3 vote inits it still wouldn't unlock them from the office. |

Kazzac Elentria
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Posted - 2009.07.25 00:26:00 -
[74]
First round, by no means the last
1,448,188,549 in sales of components 1,448,188,549 distributed using the following method 1000 shares - Evalf's donation = 967 total outstanding shares 1,448,188,549 / 967 = 1497609.668 per share payment
Everyone should have seen payments go out
Currently outstanding
495m in components and the prints.
I've been wrangling to try and get these prints unlocked and currently have had a petition in since Monday. Until they get unlocked there isn't much I can do.
Currently negotiating with a few interested parties though, so hopefully you guys wont have to bear having them on the sell forums for ages.
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Cpt Steo
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Posted - 2009.07.25 00:48:00 -
[75]
received thanks
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ingenting
20th Legion Sodalitas XX
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Posted - 2009.07.25 01:53:00 -
[76]
Edited by: ingenting on 25/07/2009 01:53:58 was there a loss in the end? _________________ - "Welcome to EVE, remember to insu *BAAOOM*... Told you, newb."
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Kazzac Elentria
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Posted - 2009.07.25 04:02:00 -
[77]
Originally by: ingenting Edited by: ingenting on 25/07/2009 01:53:58 was there a loss in the end?
Well technically yes. On the parts sorta, they are tracking higher than my estimated 1.9 return.. thankfully due to mineral prices taking a spike. |

Marbo Slyder
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Posted - 2009.07.25 05:54:00 -
[78]
confirming isk received
nice work Kazzac
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Skarii TuThess
Maelstrom Crew
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Posted - 2009.07.25 10:13:00 -
[79]
Confirming ISK received - thx!
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Galal Dax
The Panopticon G-R-I-E-V-A-N-C-E
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Posted - 2009.07.25 14:48:00 -
[80]
Originally by: Kazzac Elentria First round, by no means the last
1,448,188,549 in sales of components
1,448,188,549 / 967 = 1497609.668 per share payment
Confirmed ISK received from Kaz 1.497M X 10 shares
Thanks.
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Gareth Montesque
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Posted - 2009.07.31 18:41:00 -
[81]
Kazzac, just wondering if you've managed to get every thing liquidate? I'm starting up a new production and may be interested in swapping my investment directly for some of the BPO's if you still have any.
Gareth
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Kazzac Elentria
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Posted - 2009.07.31 18:49:00 -
[82]
Originally by: Gareth Montesque Kazzac, just wondering if you've managed to get every thing liquidate? I'm starting up a new production and may be interested in swapping my investment directly for some of the BPO's if you still have any.
Gareth
Have one batch of parts left to sell
Sell thread is here for the prints
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1133250&page=1#1
I'll be doing the daily bump thing until they move, and while I had opted to just wait until everything liquidates to pay out. I'm just going to process payments as they come in now since this is taking longer than expected. I'd rather everyone get their isk back sooner than later so it can go towards something productive. |

Kazzac Elentria
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Posted - 2009.08.03 02:53:00 -
[83]
Second payment out
Total sent out 2,567,135,920.00
Represents the following items 191,645,974.00 - parts 62,339,988.00 - parts 213,149,958.00 - parts 2,100,000,000.00 - prints
This represents a price per share of 2654742.42
Total recovery so far 4,015,324,469.00 or about 26%
8.175b up for sale .875b on contract
Estimated return once all said and done stands at 13.065b for a total loss of 8.71% |

flakeys
Distillery Lazy is our middle name
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Posted - 2009.08.03 05:24:00 -
[84]
You don't get more fail then this tbh.
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Mr Bussy
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Posted - 2009.08.03 05:28:00 -
[85]
Thank you Kazzac, "recovery 2" received
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Cpt Steo
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Posted - 2009.08.03 14:28:00 -
[86]
received thanks :)
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Tre Circuit
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Posted - 2009.08.04 16:50:00 -
[87]
Both payments received. Many thanks to you Kazzac for your attention to this.
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Kazzac Elentria
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Posted - 2009.08.12 18:45:00 -
[88]
Just letting everyone know that I'll be making a payment in the amount of 3,175,000,000.00
Here either tonight or tomorrow. That'll make a total recovery of 7.2b thus far. |

Kazzac Elentria
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Posted - 2009.08.15 17:50:00 -
[89]
Payout made of 3,175,000,000.00 Represents a total recovery of 7,190,324,469.00 Price per share equals 3,283,350.56
I may have to drop the print prices if you all want it to move faster. I'll let the majority of you decide how much longer you want this to run.
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.08.15 18:07:00 -
[90]
TAKE YOUR TIME...
edit: sry caps
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