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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.12 07:40:00 -
[1]
*Please respect the 5 min posting rule, this report will consist of 3-4 pages, I beg of you, do not interrupt the flow of this presentation, In advance; Thank you for your cooperation.*
General Report Introduction Current State of the Corporation Missing Reports Votes Securities Net Asset Value Dominion Conclusions Economic Report NAV Investments Dividends Income Statements Six Months Projection CEOÆs Report On the Role as CEO On the Recent Thrust Issues On the Future References Official TMPI Announcements Audits TMPI Related FAQ
General Report This General Report will cover the past and present state and events revolving Tash-Murkon Prime Industries, and produce a conclusion to it all for the investors to read.
Introduction After what some would call a rough launch, we had a small grace period where we were left to do what we like the most. Doing something we believe in, not for profit or fame, but because we believe in it, because we share a vision. Though as fate would have it, we where soon thrown back, into deeper and darker areas of New Eden.
Current State of the Corporation We currently have a large healthy publicly owned corporation, with a diversified portfolio, spread into many niches and branches inside New Eden. This is something we have become quite proud of, and we are honored to present our more than 55 investors with a monthly, timely, and higher dividend than promised. We have also invested more than 30 Billion ISK back into the secondary market, with over 25 Billion of these ISK into secure Blue Chip investments. There have been speed bumps, and there have been complications, more about these in the next chapter.
Overall the current state of the corporation is solid, and deeply rooted inside New Eden, set up for further expansion.
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.12 07:45:00 -
[2]
Missing Reports Our investors where promised monthly and timely reports, and it is obvious that we have failed to deliver these, there are several reasons for this. And they all have to be looked upon individually.
In June we launched a large scale internal audit, lead by our chief economist and auditor. This took him away from his primary role as accountant, and launched him into a project that was far larger than we could have thought it would be. He was very thorough and persistent, and it took some time to get the data gathered, reports written and analyzed. We did this for a reason however; since Tash-Murkon Prime Industries where now a public venture, we felt it was in the best interest of the corporation and therefore also its investors, that we where proactive in this regard. The project was a success, and we made the corporation more secure.
Shortly following this internal project, Tash-Murkon Prime Industries had war declared against it. No less than 3 wars where initiated against on, following each other in way that could only have been orchestrated by someone out to hit us, and apparently hit us hard. The corporations that declared war against us where primarily mercenary corporations and corporations that specialize in harassing and denying profit for high sec industrial corporations like Tash-Murkon Prime Industries.
While we admit today, that we didnÆt see this coming, it was also obvious that we where not prepared for this. As a consequence of this, we lost around 1 Billion ISK worth of ships the first week. We shut down all external public information sharing, and only answered investors when asked directly about this. We didnÆt want to look as a target, and tried to keep the lid on this. This succeeded to some extent. Mercenaries where hired to repel the aggression, and funds where allocated to cover this.
In retrospective we have learned a lot, but we also succeeded in denying them targets after some time. While our direct losses from this war were minor at best, our indirect losses where huge. Since we where denied our free movement, we where denied a lot of potential profit as well. This was not something we wanted to make public at the time, as it could be seen to some as a victory, i.e. denying assets and potential profit.
We therefore had to be sure, that the heat was off us; before releasing a new report, as sharing assets, margins, and trade areas while you are a target of war, is not a very good tactic. We also couldnÆt look like it was a problem to us, so reporting this publicly was also out of the question.
Votes We have had 2 votes in the 6 months Tash-Murkon Prime Industries have been public, this chapter will give a short overall introduction to both.
Securities We will only cover the release of Tash-Murkon Prime Industries securities superficially, since this vote didnÆt really raise that much questions, and was announced before the launch of the initial public offering. After 5 months of successfully running the corporation we felt that we had enough investor trust to get the securities released, and since we needed them elsewhere, we sanctioned the vote. The vote was a huge success with more than 90% of the investor base, voting yes to the release.
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.12 07:50:00 -
[3]
Net Asset Value We currently have a vote now running, regarding the recent trust issues being raised because of the inflated NAV price, which reflects itself onto the share value of the TMPI Stocks. As a consequence of this distrust, not amongst the investor base, but amongst the potential investor base, the vote was issued. We as a corporation does not have a meaning in regards to what should be voted; we will however comply with whatever the result may be. We do however understand why the thrust issues where raised, and there where indeed legitimate concerns raised as well. Know this; your feedback was greatly appreciated and we have taken it all into account. Should we ever choose to inflate/deflate the NAV again; this will not be done without asking investors first, and raising a discussion about it, well in advance. We understand that potential investor thrust is as important to our investors as our investors thrust are to us.
Dominion We are looking forward to dominion, as this will mean that smaller alliances and corporation will have a chance to own their own space. While we have no plans to move the public part into ônull nullö space, we do have plans for expansions into low security space and beyond. We are also taking steps to prepare for this expansion, as all industrialists are. We have our own theory, on how the market will move; however it is not something we can share here.
Dominion will become an even larger expansion than the last one, giving us new tools to network with, soon followed by planetary interaction etc. All of this is something we want to be a part of, and honestly can not wait until it launches on the first of December.
Conclusions We have had our successes and our failures; we would like to think that we have learned a lot from all of it, and that it has made us stronger. Where we failed, we will try to do better, and where we have succeeded we will try to repeat it. Our largest issues are communication, and we hereby extend an open application to anyone with PR/HR experiences to apply for an opening today in Tash-Murkon Prime Industries.
Economic Report This economic report is not as thorough as we would have liked it to be. It is also NOT backed up with a new audit, so all of this has to be taken at face value.
NAV All numbers are estimates:
POS Parts: 11+ Billion ISK Fleet: 5+ Billion ISK Modules: 3+ Billion ISK Misc Solid Assets: 9+ Billion ISK BPO/BPC: 4+ Billion ISK Sell Orders/Contracts: 8+ Billion ISK Buy Orders/Contracts: 2+ Billion ISK Liquid Capitol: 1.53B ISK Investments: 35B+ ISK
Estimated Total NAV = 78.53B ISK IPO worth if NAV is reset = 24.5B ISK
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.12 07:55:00 -
[4]
Investments 14.2B ISK invested into Titans for You 5B ISK Invested into Cosmorays Holding Corp 5B ISK Invested into BIF 5B+ ISK Invested into other smaller ventures 10B+ ISK Invested privately inside New Eden
Bitter Sea Trading Company and XÆzera Investments and Trade, currently amounts to a 1B+ loss, as they have either scammed or defaulted.
Dividends June: 50.499,99 ISK per share = 2.477B ISK Total July: 35.231 ISK per share = 1.726B ISK Total August: 60.200 ISK per share = 2.949B ISK Total September: 45.928,57 ISK per share = 2.250B ISK Total October: 50510 ISK per share = 2.475B ISK Total
Total ISK per share = 242.369,56 ISK Total compounded dividend = 11.877B ISK Total compounded return = 49.33% Average monthly return = 9.866%
Income Statements Income havenÆt been as good as we could have hoped, due to the various reasons given in the general report, however we have been averaging a return around 25-30% While income have been good, our costs have increased for the various reasons given in the general report, and therefore the NAV havenÆt increased as much as we would have hoped it would.
Six Months Projection Its hard to predict the future, we do however predict that we will hit the 100B NAV mark within 6 months, unless something unpredictable happens. We have learned a lot from our previous mistakes, and have set up a more secure corporation, with alts spread out in neutral corporations etc. This will prevent us from losing potential profit in the future, incase we get another war declared upon us.
CEOÆs Report This is a more personal report from the perspective of the CEO
On the Role as CEO While I have loved taking on the role as CEO, and launching a public venture, something I have wanted to do since I first starting playing EVE, it has also been a heavy toll on me. I can not involve my self in something half heartedly. And while I might come of as a troll, and even call myself a troll, I tend to grow attached to people I like. So when in turn these people treat me (its subjective I know) unfairly I tend to hit the red very fast. This is the reason you see me react as I do. I also cannot stand being accused of being dishonest or untruthful, and an easy way to **** me off, if I know you and respect you is to do just that. Also since English is my 5th language, and I am by no means a master in it, I tend to create a lot of confusion, with what might at first glance seem as a contradiction. I am aware of this, and I am working on my anger management and English vocabulary and writing skills.
On the Recent Thrust Issues At first I didnÆt understand the criticism, and I misunderstood some accusations etc. However in retrospective, I can see that it was more than justified, and that there was a huge potential for scamming. I therefore hope that the investors will just listen to the critique and vote with their hearts, and do what they think is RIGHT, not just for a fast profit, but because I hope you believe in the vision of Tash-Murkon Prime Industries.
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.12 08:00:00 -
[5]
On the Future I donÆt see myself stopping with EVE anytime soon, I am already planning the next Eve meet and greet / gankaton / fanfest. I have many plans and goals I want to achieve in game as well, and with the new expansions, dominion, cosmos, planetary interaction, ambulation. I know I will be entertained for years to come. Therefore I do not plan on shutting down this public venture anytime soon. As long as I have my expenses covered, and are making a profit for my friends and investors and as long as I find this activity fulfilling and giving I will continue. I know I take a lot of flack in the forums, and I know I deserve it. I really want to improve this part about myself, but sometimes the urge to troll is just to great for me.
I would like to extend an apology to my investors, because I know this damages your potential resale of the stocks.
I am also thinking about changing the buy back ratio to reflect this in the near future. But be advised this will not be done without an investor vote. References This is just a subchapter for old threads and references.
Official TMPI Announcements http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1060101
Audits http://evefas.net/
TMPI Related http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1174681 http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1193946 http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1140643&page=1#1
http://www.eve-search.com/search/TMPI http://www.eve-search.com/search/Ji%20Sama
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.12 08:06:00 -
[6]
*Reserved for FAQ*
Do we all thrust Ji Sama? As stated English isnÆt my first language, I apologize for any spelling errors, thrust is of course trust.
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.12 08:22:00 -
[7]
1: Yes I did initialize the clause in regards to Noir. though it didnÆt go into effect, as it was agreed that the aggressors where to small a threat for Noir. to deal with. Therefore 2 other mercenary corporations where activated in the defence of TMPI.
2: It is hard for me to say what makes me different, I can however say that any low security space / ônull nullö security operations will be kept to a minimum. You will not see us expand in a large way into these operations; it will be something small, on the side.
3: I sure can.
Quote:
POS currently set up for R&D 5B ISK Tier 1 fleet 2.14B Tier 2 fleet 1.01B Faction fleet 2.58B Tier 1, Meta 3-4, Tier 2 and faction modules 4.19B Misc. solid assets; minerals, salvage, ice and trade goods etc. 3B+ Blueprint copies and originals 2B+ Market sell-order 8B+ Market buy-order 2B+ Contracts 2B+ Liquid Capital 1.5B Investments 13.6B Ordered assets under construction 3.6B
Estimated total: 51.5 Billion ISK
These are the original assets that have been rolled over, though to this date this have ofcourse changed, since there have been no separation of the original TMPI assets and the new IPO assets. I cannot say today which is what. In the case of the vote swinging in favour of a NAV reset, I will inject the most profitable assets over into the IPO, and keep the least profitable as privately owned TMPI assets.
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.12 09:41:00 -
[8]
Good questions Aion:
A lot if not most of the assets are passive assets, they do not generate an income, though they still have a relative stable value. A lot are in ships, modules etc. I have picked up around the region on my buy orders. Others are in POS parts, blueprints under research, they do not generate an income aswell. TMPI isnÆt a simple ôbuy low sell highö venture, we have long term projects that arenÆt necessarily profit oriented, and we have short term projects, that fills the need of our obligations in regard to dividends, cost and upkeep.
The 100B ISK NAV mark, is counting all assets in TMPI.
If the NAV resets, we will still hit the 100B ISK NAV mark, the IPO value will just remain at 24.5B If you look at my liquid assets, and my current sell orders, you will see I have downsized that part of the IPO! And I am not working 24.5B on the market.
The return is calculated on the initial IPO value, I know this is wrong. Also, to correct a common misconception, dividends arenÆt based on our NAV, but the income I generate ingame. Larger NAV does not equal larger profits. You can have 100 Billion NAV, but only generate 100M income. And yet you can have 100M NAV and generate 100 Billion income.
However when you take that into account the math is just fine. Keep in mind that only a small handful of investors have bought at the inflated price, and I am doing all in my power to remedy this situation.
In the case of a NAV reset, investors that have bought at the inflated price, as per this sale! Will be fully compensated.
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.12 15:10:00 -
[9]
Originally by: Vaerah Vahrokha Next time you should ask me about how to deal with wardecs. My corp used to have 6+ wardecs *plus* being in factional warfare (= 50% of the playerbase is red) and now Goonswarm too wardecced us.
Life is plenty possible even in these extreme conditions, just know some tricks. If you need (free ofc) help with some hints, all you have to do is to convo me.
Thank you for that offer, I will take you up on that :)
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.12 22:54:00 -
[10]
Originally by: Taram Caldar
Confirming this.
Thank You.
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.14 08:53:00 -
[11]
I actually just pulled our last low sec POS out. It was turning into a warzone between Red Overlord and CVA. I do not the least find low sec in any way secure, and our low sec operations have been a huge expense, and with little to no profit.
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.15 08:24:00 -
[12]
Dont forget to VOTE*, it ends tonight at 23:30 EVE Time.
*In regards to the TMPI NAV
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.16 00:41:00 -
[13]
Hmmm, the votes are in... But I think it is bugged, could be we would have to wait untill downtime.
Currently the votes are: Reset NAV = 0% Keep NAV = 0% Abstain = 0%
I didnt use my 51% majority in this vote. Well guess we will be more wiser in a couple of hours. In the case the vote is true, I will make a decision! If any investors did in fact vote, I would love to recieve an ingame mail or a reply to this thread :D
/Fly Safe /Ji Sama Out
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.16 09:01:00 -
[14]
The Votes Are in. Almost a 60% vote for keeping the current NAV. It comes as a bit of a surprise actually, though if i am reading this right, only 26K shares where used in the vote.
Reset the NAV to 24.5B ISK 25.2372702621 % (6.701/26.552) Keep the current NAV of 74B 58.7564025309 % (15.601/26.552) Abstain 16.006327207 % (4.25/26.552)
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.16 15:30:00 -
[15]
I am not sure, though it will be reflected in the buyback, how much I have not yet decided. I would shoot myself in the foot, if i made a to hight buyback, as I am not liquid enough to pay out all investors, and it would put an end to TMPI. Suggestions are more than welcome. I am currently working with a 600-750K immediate buyback, and a 1M 1-2 mth advanced notice buyback!
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.17 04:16:00 -
[16]
Well i was planning on that, but very good suggestion, I just tend to see worst case scenarios. ie. Raise buy back, ALL investors cash in at the same time.. And no new investors.
I wouldnt be able to honor my agreement then. it would atleast take me a couple of months to liquify everything just to buy the shares back!
I am thinking of some kind of clause; ie. you can get an instant buyback around 50% and a 100% buyback with 1-2 months of advanced notice...
dunno, perhaps ill just do it as your suggesting, its simple and easy, but I wont be able to make it through a worst case scenario!
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.17 05:05:00 -
[17]
Hehe, thank you; I do know alot of investors that wont be cashing in.
TMPI; Is hereby offering a 1M ISK buyback per share. To match its current NAV. (TMPI reserves the right to postpone buyback of large amounts up to one week)
An audit will be done before the year is over to reconfirm the assets of the corp. If there are no special requests from my investors; I would like to use both Kazzac and VV...*
*If availible
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.17 05:12:00 -
[18]
Originally by: Signore Kaeota I think we can safely say that at least ~60% of people will be staying - those people being the ones who voted to keep the NAV the same. On top of that, several thousand shares were traded at the current NAV price rather recently, so we can assume that people are willing to buy - and where people are willing to buy, the people who already have tend to look twice before selling.
Based on that, I'd expect a worst case scenario to be no more than 30% of customers requesting a buyback - very likely less.
*This is just my two cents - and is in no way accurate.
Well, tbh, only 50% of my investors voted, out of that 50% ie. a total of 25% of the investor base got a majority vote through.... But yes, I have been reasured. It can work :D Thanks for your input :)
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.18 17:04:00 -
[19]
Yes it will be some work, alot of assets. I would also like a perfomance audit done, though it will be limited what it will show, and perhaps that has to run for some months to be of any use. And its not something we need to rush anyways, aslong as we get started on it before the new year :D
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.10.18 18:45:00 -
[20]
I already am harvesting my api data, and have been for 6-7 mths! I will give you access to these, first I would like to make a formal agreement. Will contact you ingame asap!
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2009.11.08 09:51:00 -
[21]
Dividends paid. 39570 ISK per share.
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Ji Sama
Caldari Tash-Murkon Prime Industries Sex Drugs And Rock'N'Roll
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Posted - 2010.01.02 10:47:00 -
[22]
Edited by: Ji Sama on 02/01/2010 10:48:12 Expect January dividends within a few days!
Status: Running
EDIT: Oh yea, and your shares just doubled in price, we had a NAV vote! So we are currently buying your shares at 1M ISK/each.
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Ji Sama
Caldari Tash-Murkon Prime Industries United Corporations Of Modern Eve
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Posted - 2010.01.31 23:35:00 -
[23]
47656.2 ISK per share paid out in advance. I wont be able to log into the game to much over the week, i apologize in advance.
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Ji Sama
Caldari Tash-Murkon Prime Industries United Corporations Of Modern Eve
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Posted - 2010.02.19 15:10:00 -
[24]
Originally by: Taram Caldar A very belated thank you and "Isk Received"
Sorry for the delay in confirming ;)
Ehm No mate, you where actually ahead of time, look at the post above mine :) There haven't been any divs paid out for February yet :)
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Ji Sama
Caldari Tash-Murkon Prime Industries United Corporations Of Modern Eve
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Posted - 2010.02.19 18:40:00 -
[25]
Originally by: Taram Caldar Edited by: Taram Caldar on 19/02/2010 15:28:28 heh, no that was a thank you for the payment on the 31st of January ;) Like I said... belated ;)
That or I'm just very confused... which is possible.
Ah ha I misunderstood :p
You are welcome :)
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Ji Sama
Caldari Tash-Murkon Prime Industries United Corporations Of Modern Eve
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Posted - 2010.02.27 14:05:00 -
[26]
Dividends paid. 47726 ISK per share.
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Ji Sama
Caldari Tash-Murkon Prime Industries United Corporations Of Modern Eve
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Posted - 2010.05.06 09:07:00 -
[27]
TMPI have now run for a full year, and returned almost 100% of the initial investment (24.5b)we have also doubled the official buyback price of 500K to 1M, in this time we have had our ups and downs, but I am happy to announce that this months dividend will be higher than anticipated, and I will throw in a little bonus as well to celebrate our one year anniversary.
However, due to a current real life situation (exams) I will have to delay dividend payments as I cannot log into the game until after the weekend, or Sunday at the earliest.
TL;DR Dividend payment is delayed 1 or 2 days, TMPI IPO celebrates 1 year anniversary.
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Ji Sama
Caldari Tash-Murkon Prime Industries United Corporations Of Modern Eve
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Posted - 2010.05.17 15:30:00 -
[28]
Again?
TMPI dividends have not been delayed before, I apologize for the delay, more than 6.8B ISK have been paid out today in dividends. If you have any problems with TMPI or its Members, you are more than welcome to sell your shares back to TMPI for 1M each.
With this payment, we have hit 100% ROII, enjoy.
From now on, ROI percentage will be based on IPO value, and not initial investment. Hope this make it easier for investors to see what return they are getting.
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Ji Sama
Caldari Tash-Murkon Prime Industries United Corporations Of Modern Eve
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Posted - 2010.05.17 15:54:00 -
[29]
Also, July dividend will probably be paid out in advance with June dividend, since I am on vacation, and to avoid another delay happening again.
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Ji Sama
Caldari Tash-Murkon Prime Industries United Corporations Of Modern Eve
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Posted - 2010.05.31 05:28:00 -
[30]
9.35B in dividends paid out in advance for May and June, next dividend payment will be around the 1st of August! Enjoy...
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Ji Sama
Caldari Tash-Murkon Prime Industries manufacturing disaster
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Posted - 2010.07.26 19:29:00 -
[31]
Dividends payout a couple of days in advance: 4493191000.0 ISK
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Ji Sama
Caldari Tash-Murkon Prime Industries manufacturing disaster
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Posted - 2010.09.02 05:20:00 -
[32]
Dividends payout a couple of days in advance: 6454000000.0 ISK
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Ji Sama
Caldari Tash-Murkon Prime Industries manufacturing disaster
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Posted - 2010.10.10 07:12:00 -
[33]
I am sorry to announce that because of recent events. That being TMPI losing over 35B ISK last month, directly or indirectly because of default/fraud on investments in the secondary market! There will be a delay in dividend payments. As it stands now, TMPI NAV is down to around 70B that means that we effectively lost 30% +/- of our NAV.
Now because of the "secondary Investment Clause" that was made before the launch of TMPI, this will not effect buyback price, investors are protected from this hit. I have however decided that it is in the best interest of TMPI to delay dividend payments for 1 month!
This means that there will be no TMPI Dividend Payment this month. However in 20 days time, there will be a double payment, plus a minor compensation. (I estimate around 125K per share)
I hope I have my investors understanding and support in this troubled time. If any investor feel that this is to much for them, I offer them an immidiate buyback of 105% ie. 1.050.000,00 ISK p/u. as compensation for this.
Fly safe capsuleers.
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Ji Sama
Caldari Tash-Murkon Prime Industries
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Posted - 2010.11.10 17:39:00 -
[34]
Just a fast update, as I really do not have time at the moment.
I am closing down TMPI, all assets will be liquidated, current NAV rests at 60B+.
Forced buyback will start monday next week! Any investor with less than 1000 shares should arrange a meeting with me, so we can arrange a share for isk transaction. When the smaller share holders have been bought out, I will buyout the larger ones, in turn, starting with the smallest investor and proceeding to the largest.
The reason behind this is simple burnout, caused by what I considered friends! It is no secret that 2 person scammed/defaulted TMPI not so long ago which directly and indirectly caused TMPI to lose over 35B worth of ISK.
Important information:
TMPI CLOSED Share buyback initiated (investors with less than 1000 shares should contact me asap, and arrange for a transaction) Current buyback value set to 1.25M per share.
Fly safe :)
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Ji Sama
Caldari Tash-Murkon Prime Industries
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Posted - 2010.11.11 00:58:00 -
[35]
Originally by: Companion Qube Just a thought, you could liquidate and then pay the balance of the corp wallet out as a final dividend - then you don't have to buy back thousands of shares by hand.
That was actually a very good idea, my mind haven't really updated yet, so I am still capped on dividend payments :p Anyways buyback has started so I will just do it the old fashioned way :)
@rouge as stated your shares are worth 1.25M each. contact me for a buyback
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Ji Sama
Caldari Tash-Murkon Prime Industries
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Posted - 2010.11.11 02:26:00 -
[36]
Originally by: Clown Pron I was wondering as part of your NAV calculation in regards to the POS valuation, does it take into account for the crash of POS tower and modules value since PI was introduced?
It does, you are looking at an outdated NAV report. TMPI have almost no POS parts, all modules that wasnt online was sold a long time ago!
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Ji Sama
Caldari Tash-Murkon Prime Industries
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Posted - 2010.11.11 15:39:00 -
[37]
As funny as it may sound, I wont be quitting eve, I am just closing down TMPI, and getting out of the secondary market.
T4U was the fraud/scam, another 7B+ was lost to a default, since it is 2 different things in my book, you wont see me name and shame on the forums, I consider friendship to be worth more than that. I also lost around 5B to various investors I had recomended T4U to, when I compensated them after the T4U scam. And I don't really care about the ISK, hence I am declaring anything owed to TMPI null/void
You will see me in low sec, harassing nabs :p
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Ji Sama
Caldari Tash-Murkon Prime Industries
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Posted - 2010.11.12 08:07:00 -
[38]
Originally by: Krathos Morpheus
I never invested on this and I was very critical because it was highly irrational and feared something fishy behind, not understanding the reasons. I'm glad it was irrational just for the sake of it and no second intentions were behind it, but I can see the same emotional drive that drove it is the one that have ultimately put an end to it. Anyway good luck and kudos for a clean closure.
*golfclap*
I am the kind of person, that if I cannot invest myself 100% into what I do, I don't do.
When TMPI is closed we will have paid almost 40B back in dividends, and a little over 60B back on the initial investment, giving our investors a roi that is larger than 400%
This is not counting the donations etc. we have made to the community or good causes like "plex for haiti" or counting the amount people have managed to scam out of us.
I know why you where critical, irrationality was the lesser one of the causes imo :)
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