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Thread Statistics | Show CCP posts - 1 post(s) |
Brock Nelson
Caldari
Flux Technologies Inc
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Posted - 2009.08.26 00:26:00 -
[1]
Just couple of questions;
1. If a business going under, the first step would be to eliminate liabilities. First thing that came to mind with wiping out the 75b owing to employee salaries. Was that option considered? I can imagine that some people would outright reject that.
2. It's known that EBank owns shares of public corporation including Flux Technologies, does EBank plan to hold onto those shares or sell them off at higher than purchase price?
3. Relating to #2, because you guys froze all accounts; customers can't retrieve their isk or earn interest. What's to stop other corporation whose shares are owned by EBank from sending dividends to EBank? I don't have any investment in EBank but if I did, my line of thought would probably be like this "If I can't get my money, why should I send these guys money?"
Good luck
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Brock Nelson
Caldari
Flux Technologies Inc
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Posted - 2009.08.26 01:48:00 -
[2]
 Originally by: KaarBaak
Slight topic skew....does anyone know how this is affecting DBank? Can't remember if they're still functioning? If they are, just wondering if this is causing a bank run over there?
You are probably 2 months out of date as DBank folded
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Brock Nelson
Caldari
Flux Technologies Inc
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Posted - 2009.08.26 01:53:00 -
[3]
Originally by: Galal Dax
Edited by: Galal Dax on 26/08/2009 01:50:50
Originally by: Brock Nelson
Originally by: KaarBaak
Slight topic skew....does anyone know how this is affecting DBank? Can't remember if they're still functioning? If they are, just wondering if this is causing a bank run over there?
You are probably 2 months out of date as DBank folded
Brock, if anyone offers to create an F-Bank - please pod them....
Well, there's a "CBank" in the works now, although they're called Eve Central Reserve.
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Brock Nelson
Caldari
Flux Technologies Inc
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Posted - 2009.08.26 23:59:00 -
[4]
Originally by: Dzil
Originally by: Brock Nelson
Just couple of questions;
1. If a business going under, the first step would be to eliminate liabilities. First thing that came to mind with wiping out the 75b owing to employee salaries. Was that option considered? I can imagine that some people would outright reject that.
2. It's known that EBank owns shares of public corporation including Flux Technologies, does EBank plan to hold onto those shares or sell them off at higher than purchase price?
3. Relating to #2, because you guys froze all accounts; customers can't retrieve their isk or earn interest. What's to stop other corporation whose shares are owned by EBank from sending dividends to EBank? I don't have any investment in EBank but if I did, my line of thought would probably be like this "If I can't get my money, why should I send these guys money?"
Good luck
You bring a great point here, Brock. Whatever their intentions might be, E-bank has effectively stolen a trillion isk, with a promise of "we'll pay it back".
I would hold you and any other companies with collateral, securities or other assets to seize 100% blameless to claim or at least freeze those assets against this default, doing no worse than a trusted third party reclaiming loan collateral on a scam or bust IPO/bond.
It may be a good point but I haven't seen any other public corporation (other than those that are offering buyback) comment on the current situation. For now, I'm staying on the side of the fence and pay dividends out regardless of the shareholder's situation.
Frankly, the whole EBank debacle hasn't really affected me much.
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Brock Nelson
Caldari
Flux Technologies Inc
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Posted - 2009.08.27 00:47:00 -
[5]
Aren't you an MD Elite?
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Brock Nelson
Caldari
Flux Technologies Inc
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Posted - 2009.09.15 04:21:00 -
[6]
So, what are the variables?
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