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Author	Thread Statistics \| Show CCP posts - 1 post(s)
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.08.25 23:37:00 - [1] Just noticed this thread and I must say hats off to Ray and the Ebank team for their transparency regarding the situation. [IRD] Liquidity is a little tight at the moment however if it helps I can offer to repurchase 100,000 IRD shares from Ebank at 50,000 ISK per share (Total 5b). Ebank would stand to profit 2.3b ISK (does not include dividends recieved since purchase). If memory serves correctly at the time of purchase they were 27,000 ISK each. Also, I've just credited this month's 7.5% bond interest payment a couple of hours early. Regards Ulecese ------------------------------------ CEO, Ihatalo Research and Development Ihatalo Cartel Banking and 3rd Party Transaction Service : http://ihafs-eve.co.uk/
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.08.26 00:18:00 - [2] Originally by: Wengy "Hat's off" did someone say!?!?! WTF? Even after Ridic they kept accepting deposits, there's no possible way they couldn't have known about a 1.2 Trillion deficit. So they must have kept accepting deposits with full knowledge they'd eventually have to seize and stop all services. So they accepted deposits after Ridic's firing, in hopes of using the ISK to cover their losses I guess. What a sham. "Hat's off" in regards to the honesty and no bulls%&t presentation of the facts to their clients. I was praising the transparency and integrity of the ebank board, not the situation they have on their hands ------------------------------------ CEO, Ihatalo Research and Development Ihatalo Cartel Banking and 3rd Party Transaction Service : http://ihafs-eve.co.uk/
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.08.26 20:35:00 - [3] I mentioned this earlier in the thread but it seems to have been overlooked. Anyhow, a couple of recent manipulation lessons to some hub traders has freed up alot more capital that has now been earmarked for reaqusitioning Ihatalo Cartel stock were possible. [IHAFS] is now in a position to, if the Ebank BOD so desires, repurchase ALL 'Ihatalo Research and Development' shares you currently hold for 50,000 ISK each per unit (Ebank bought them at 27,000 ISK - so very good return - sell em :P ). In addition, we can also buy back 6 of your [IRD] 7.5% bonds for full value if you wish. So, including the shares buyback that would be a cool 20b for Ebank to play with or release in limited withdrawals, whatever. :P Let me know asap as we have other lucrative projects this can goto and I don't want to be sitting around waiting Regards Ulecese ------------------------------------ CEO, Ihatalo Research and Development Ihatalo Cartel Banking and 3rd Party Transaction Service : http://ihafs-eve.co.uk/
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.08.26 20:45:00 - [4] forgot to mention, I'll take all your 'Gordon Freeman Tech III' at current value also. ------------------------------------ CEO, Ihatalo Research and Development Ihatalo Cartel Banking and 3rd Party Transaction Service : http://ihafs-eve.co.uk/
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.08.26 20:53:00 - [5] Originally by: Kalrand Originally by: Ulecese forgot to mention, I'll take all your 'Gordon Freeman Tech III' at current value also. I valued that holding (under what I could back out of Ebank's method, which I disagree with) at 175,000,000 isk, not 133 Mil. How have you came to that assessment on it's value, care to share? ------------------------------------ CEO, Ihatalo Research and Development Ihatalo Cartel Banking and 3rd Party Transaction Service : http://ihafs-eve.co.uk/
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.08.26 22:31:00 - [6] Originally by: Kalrand Originally by: Ulecese Originally by: Kalrand Originally by: Ulecese forgot to mention, I'll take all your 'Gordon Freeman Tech III' at current value also. I valued that holding (under what I could back out of Ebank's method, which I disagree with) at 175,000,000 isk, not 133 Mil. How have you came to that assessment on it's value, care to share? Ray has confidence in its ability to continue as a going concern, so I'm discounted any credit impairment I'd normally add. Ray's numbers have it tossing off 7 million isk a month. I'm not going to argue with his assessment of their ability to do that. He appears to put a 4ish% discount rate on anything that he likes. I'm not going to be the one who tells him it's too low. So yea. then it boils down to 7,000,000/0.04 = 175Mil. Personally I'd offer in the neighborhood of 59 million, but I also think the MD valuations are insane right now. You people pay way too much for way too little. I'm pretty sure they are worth closer to the 5-6m mark based on my information, we will see anyway :) ------------------------------------ CEO, Ihatalo Research and Development Ihatalo Cartel Banking and 3rd Party Transaction Service : http://ihafs-eve.co.uk/
Ulecese Ihatalo Research and Development Ihatalo Cartel	Posted - 2009.08.28 16:43:00 - [7] Originally by: Hexxx The most important thing to any Bank (or large project) is highly accurate reporting. IHFS looks to have this down pretty well and Selene's project too. EBANK struggled with this. As hexxx said our backend reporting interface pretty much covers everything, and I'm sure ECR's has similar reporting features since myself and selene have had countless discussions and brainstorming on transparency and reporting. He mentioned that the IHAFS admin backend was pretty much what he had in mind for a universal reporting tool for all major financial business's and I would totally agree, as would anybody who has seen it. I would be happy to offer my advice on getting something like what IHAFS has setup at ebank for no other reason other than interest in making the industry more secure and transparent. ------------------------------------ CEO, Ihatalo Research and Development Ihatalo Cartel Banking and 3rd Party Transaction Service : http://ihafs-eve.co.uk/

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