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HellsCaretaker
Gallente
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Posted - 2009.09.11 16:53:00 -
[1]
The Coffee Shop Inc. proudly pretense The Coffee Game.
Rules:
5 ôSharesö is giving out for free. Please reserve your share in the thread below.
I will start off wiht 10 mill. This is the trading capital. After two weeks has passed. I will pay out 50% (10% for each shareholder) of what profit I have made. The last 50% of the profit will go into the trading capital.
The 5 ôsharesö that I have been giving out must now be put on a auction which will run for 24 hours. You are allowed to bid on more than one share. When the auction has ended 70% of the isk will go to who have sold the ôshareö and the other 30% will go into the trading capital.
After an other two weeks have passed I Will again pay out 50%(10% each) of what profit I have made with the trading capital and the last 50% of the profit will go into the trading capital. The ôsharesö will again go on an auction. When the auction has ended 70% of the isk will go to who have sold the share and the other 30% will go to the trading capital.
This will continue for two months. At the end of the two months I will pay out 70% of the total ôtrading capitalö to those who owns the shares. The last 30% would go into my own wallet. Game ended.
Auction rules:
All shares will have a starting bid of 1 mill isk.
Minimum Bid Increment 500k isk.
15 min sniper rule do apply.
The Game will start 13/9 18.00 EvE time.
The Game will end 13/11 18.00 EvE time.
The game In short:
Trading capital Free ôsharesö Two weeks Payout Auction Two weeks Payout Auction etc
FAQ:
You have no posting history on the MD forum: Correct
How do you plan on making isk with the capital? Modules trading in mission hubs. Collateral: Can provide some collateral, if it is demanded.
Audit: Sure but IMO it would be a waste of time to do a full audit with these kind of pocket change. But I will happily provide my full api key to a trusted member of the MD forum.
The Free Shares: Only one per person. Please do not try to get all the free shares with your 714 alts.
Can we trust you? It is really up to you. I am doing this for fun and to try this little wried concept out. Not to make a lot of isk.
Just another pyramid game: No and there is an end date and people would hopefully be smart enough not to invest huge amounts of ISK in this. If they do, they are likely to lose some of the ISK because they will have to sell the share(s) again.
In lack of English vocabulary I did choose to call it a game.
What are you really doing this for?: I am doing this for Internet spaceship fame and fortune.
Economics 101 !? Hell no. I am doing this as a hobby therefor I have no intentions of reading about economics. However I will use common sense. How long time do you plan using a day on this? 10-30 minutes.
Disclaimer:
This is only to test the concept and for fun. Therefor is it going to be handle quite relaxed. So please do not expect there to be big profit margins or any serious business attitude from my part.
Will reserve the right to refuse any person, for whatever reason from entering ôthe gameö.
Finale words:
Come to the dark side we have cookies.(Shameless stolen quote)
PS. Feel free to covo, eve mail me or just post in the thread below if you have any questions.
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Valeronx
Celestial Horizon Corp. Slightly Inappropriate.
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Posted - 2009.09.11 16:59:00 -
[2]
Interesting.
I'll reserve one share.
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Reignar Gnalf
Amarr
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Posted - 2009.09.11 17:04:00 -
[3]
Sounds like fun. If possible, I would also like to reserve a share :)
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Samroski
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Posted - 2009.09.11 17:11:00 -
[4]
Not sure if I entirely understand, but I want to play!
One share please.
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Buddy Revelle
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Posted - 2009.09.11 17:12:00 -
[5]
Edited by: Buddy Revelle on 11/09/2009 17:14:18 ill take free share
don't understand at all what this is, but i will play
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Stardust CEO
Stardust Manufacturing
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Posted - 2009.09.11 17:28:00 -
[6]
I'll take the 5th.
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Lexander Morinex
Caldari LDD Investments
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Posted - 2009.09.11 17:42:00 -
[7]
All the hallmarks of something between a matrix scam or a Ponzi scheme.
The interesting question will be who takes the loss.
- Lex
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Core Complextion
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Posted - 2009.09.11 17:44:00 -
[8]
Since there are only 5 share, and they are all free, how can anyone take any losses?
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Stardust CEO
Stardust Manufacturing
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Posted - 2009.09.11 17:47:00 -
[9]
The 5 shares start out free, he pays a dividend on them, then the shares get auctioned off, he pays another dividend, the shares get auctioned off, another dividend. They only start free. Not that it's not worth 1m to play a classic trading game.
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Lexander Morinex
Caldari LDD Investments
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Posted - 2009.09.11 17:54:00 -
[10]
Originally by: Stardust CEO The 5 shares start out free, he pays a dividend on them, then the shares get auctioned off, he pays another dividend, the shares get auctioned off, another dividend. They only start free. Not that it's not worth 1m to play a classic trading game.
This game is interesting from a statistical perspective. But game theory strongly suggests the auction will get out of control. The interesting part question is 'Does he pay the final value out?'
- Lexander Morinex
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Buddy Revelle
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Posted - 2009.09.11 18:25:00 -
[11]
i would like to take this time to offer my 1 share that i got for free for sale. Starting bid 100M
Thanks
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Stardust CEO
Stardust Manufacturing
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Posted - 2009.09.11 18:47:00 -
[12]
Originally by: Buddy Revelle i would like to take this time to offer my 1 share that i got for free for sale. Starting bid 100M
Thanks
1) You haven't gotten your share yet, the game hasn't even started afaik. 2) It's not time to auction them yet. 3) Don't be a twit, play the game right.
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Claire Voyant
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Posted - 2009.09.11 20:42:00 -
[13]
This is identical to another "game" posted a few months ago. Either you posted it as another character, in which you DO have a history on MD or you plagiarized it. Which is it?
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RAW23
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Posted - 2009.09.11 20:51:00 -
[14]
Originally by: Claire Voyant This is identical to another "game" posted a few months ago. Either you posted it as another character, in which you DO have a history on MD or you plagiarized it. Which is it?
Or, shock horror, two people came up with a similar idea independently. But, on reflection, you're right. That could never happen!
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HellsCaretaker
Gallente
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Posted - 2009.09.11 21:14:00 -
[15]
Claire Voyant: I am afraid you are mixing up the scc-lounge and the MD forum. I did post in the scc-lounge a month back or so, to ask if this was solid idea and as far as I remember you gave me feedback on this idea. This might be the reason that you have seen this idea before. But to the best of my knowledge this idea have not been on the MD in the past months.
Buddy Revelle: Please do not troll in this thread or you will simply get kicked from the game.
Anyway the five free shares have been reserved until further notice. You will not get ingame shares however you will get a post-it on my wall
/HellsCaretaker - One of these days I might have to learn to use the quote bottom.
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Claire Voyant
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Posted - 2009.09.11 21:54:00 -
[16]
My sincere apologies. Yes, you did send me this and we did discuss it. My memory might be going, but at least I knew I'd seen it before. ;-)
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SonOfAGhost
Minmatar Minmatar Munitions and Tactical Assets Repository Zzz
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Posted - 2009.09.12 01:17:00 -
[17]
If you plan to use in-game shares (vs just keeping track, after all, there's only 5 players/round) then you should know that corps start with 1,000 shares so each share of the company would have to be 200 actual shares. -----
Originally by: kedoremos EVE's economy is **** for CPAs, Annuities, and Stock Brokers.
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KaarBaak
Minmatar Squirrel Team
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Posted - 2009.09.12 15:22:00 -
[18]
Originally by: Buddy Revelle Edited by: Buddy Revelle on 11/09/2009 17:14:18 ill take free share
don't understand at all what this is, but i will play
Ah, the foundation of the modern financial system.
KB KB
Beware the beast Man, for he is the Devil's pawn. Alone among God's primates, he kills for sport or lust or greed. Yea, he will murder his brother to possess his brother's land. |
Samroski
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Posted - 2009.09.13 18:35:00 -
[19]
Originally by: HellsCaretaker The Coffee Shop Inc. proudly pretense The Coffee Game. The Game will start 13/9 18.00 EvE time.
So it has started? I suppose there will be no activity for 2 weeks?
Profit on 10 mil in 2 weeks = up to 10 mil I should think at best
thus each shareholder gets about 1 mil at best
everything else depends on the bidding... think I have understood the game, and I like it :)
Could we have updates on how the investment is coming along?
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HellsCaretaker
Gallente
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Posted - 2009.09.13 18:57:00 -
[20]
Sarmroski, yes the game has just started and I have just started setting up buy orders
I will try to keep you updated.
By the way I am looking into getting a third party to verify my profits every 14 day.
/HellsCaretaker
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Teavan
First CityWide Change Bank New Eden Retail Federation
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Posted - 2009.09.14 11:55:00 -
[21]
Hi guys!
I can verify HellsCaretaker had me review this idea though eve-mail months ago after I offered to give advice in the scc-lounge.
Good luck HC.
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Stardust CEO
Stardust Manufacturing
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Posted - 2009.09.14 17:50:00 -
[22]
I'll be watching. I'm curious how this will play out, and glad I got in on the ground floor with a free share :)
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HellsCaretaker
Gallente
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Posted - 2009.09.19 21:37:00 -
[23]
Just a quick update on how it is going:
There are just over 10 mill in profits right now. The profits is to due that I have had a bit extra spare time on my hands. But I will be quite busy in RL next week. Therefor please do not expect any great profits for next week.
/HellsCaretaker
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Buddy Revelle
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Posted - 2009.09.21 01:35:00 -
[24]
This is a most exciting time!
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HellsCaretaker
Gallente
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Posted - 2009.09.27 18:31:00 -
[25]
Total profits made: 18,3 Total: ISK payed out to shareholders: 9,15 mill The total trading capital befor next round: 18,9
The ISK has been send to the shareholders. Please EvEmail / covo. If you have not received the ISK.
Due to RL I will not be able to get to my PC until Thursday. Therefor there will be held NO auction tonight.
Instead it will take place on Thursday at 18.00 EvE time.
I know this will lead to a small ôsecond roundö. Therefor do not buy the shares and expect there to be 14 days where the ISK can make a profit.
/Hellscaretaker
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Valeronx
Celestial Horizon Corp. United Corporate Ventures
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Posted - 2009.09.27 18:43:00 -
[26]
Confirming receipt of the 1.83 million ISK 'dividend'.
I'll be in Iceland on Thursday - there's some sort of gathering or conference going on there - so good luck to who ever gets my share !
.
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Reignar Gnalf
Amarr
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Posted - 2009.09.27 19:24:00 -
[27]
Also confirming I have received the 1.83 mil payout.
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Core Complextion
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Posted - 2009.09.28 21:12:00 -
[28]
Do i have to be online or do anything special at teh time of auction?
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Samroski
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Posted - 2009.09.29 04:38:00 -
[29]
Originally by: HellsCaretaker Total profits made: 18,3 The ISK has been send to the shareholders.
Do not think I have received the ISK (looked under player donations). Considering there are just 5 shares- it should not be too difficult to ensure that the ISK has been sent to all.
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HellsCaretaker
Gallente
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Posted - 2009.10.01 14:31:00 -
[30]
Originally by: Samroski
Do not think I have received the ISK (looked under player donations). Considering there are just 5 shares- it should not be too difficult to ensure that the ISK has been sent to all.
You can not find the ISK I send you under player donations. Since I used my corp wallet to transfer the ISK. I am not sure where you can find it. But try to look under some of the corp tabs in your wallet or try to find it under all transactions.
/Hellscaretaker - The auction will begin tonight at 18.00 EvE time. Sorry for the delay.
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