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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 14:56:00 -
[1]
Edited by: Ray McCormack on 22/11/2009 15:13:38
Statement from the Board
Confirmation of Intention
The Board of Directors and Staff would like to reiterate their commitment to recovering all ISK lost due to the mismanagement of previous Directors. It is our intent to see the Bank restored to full liquidity, to re-open interest accounts and ensure our long-term sustainability as the leading financial institution in EVE.
However we accept the desire some people may have to gain access to their ISK now, rather than wait for us to return it to its full value. And we're willing to cater for this by allowing both account sales and liquidations. Skip to the paragraphs below if that is what you're here for.
We would like to take this opportunity to state that the current Board is in no way responsible for the financial position the bank finds itself in. Those remaining on the Board have had their roles and activities under the previous management thoroughly reviewed and have been cleared in full of any wrong doing. The new administration will no longer tolerate the salacious remarks attempting to besmirch their reputations and will retaliate by calling you names.
Let it be noted there was strong objection to the above paragraph being included in this announcement, however the Board decided to keep it in an effort to highlight how bad the Chairman's sense of humour is. Oh and AC155 says /finger to some of you..... you know who you are.
Policy Changes and Points of Interest
Limited API Key
* The Board has decided to implement an API key requirement for all accounts in order to ensure the associated characters are neither dormant nor suspended, as would be the case with ISK farmers banned by CCP. This will be a continuous requirement, and you will be denied access to any Bank services if your account is not verified. That means should your game account go inactive or your API Key change you will no longer have access to the standard functionality on our website.
* By supplying EBANK with you Limited API Key you give us permission to store your account Character and Corporation details.
Suspense Accounts
* To cater for the above requirement, all account balances will be consolidated into a suspense account. You will only be allowed to transfer or withdraw ISK from this account once you have provided your limited API key. After six months any balances remaining in suspense accounts will be written off.
* In the future, any accounts not accessed within three months will have all their balances transferred to this suspense account and the balance will be written off six months after the transfer.
Double Interest
* It was recently discovered (by Ambo) that on two occasions interest had been paid twice on the same day. A brief investigation followed that established this had happened several times over the years, resulting in an extra ten and a half billion ISK being credited to saving and checking accounts and an additional nine billion against loan accounts. It has been decided that the double interest on the saving and checking accounts will be reversed automatically (at a later date), however the additional loan interest will only be reversed on request.
Loan and Account Write-Offs
* Yesterday we wrote off a dozen or more defaulted loans (details provided below) to an amount just in excess of 150b. Several had already been defaulted.
* We also zeroed the balance on several accounts, such as Mr Horizontal and Anastasia Heron. This amounted to a tidy sum of 115,705,136,342.80.
* This severely affected the Balance Sheet, the nett effect being a 5% drop in our NAV over Liabilities ratio, from the previously recorded percentage of just over 40% to 35.67%.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 15:01:00 -
[2]
Edited by: Ray McCormack on 22/11/2009 15:14:29
Account Sales & Liquidation Methods
Account Sales
* Account Sales will occur through the Account2Player Transfer interface (see the Move Money menu on the EBANK website). This is to avoid additional coding changes. All sales will need to be verified and registered with the Bank, no sales may occur without this verification. A verification fee of 5% will be levied against the sale, and is payable by the seller. Should the buyer wish to refund the fee, that is their decision and the bank cannot be held liable for them breaking this agreement.
* This does mean that legitimate A2P transfers will have the same fee levied, unfortunately this fee is non-refundable and our suggestion to you is to wait until the sales fee is no longer applicable and is returned to the standard 0.5%. No discussion will be entered into, do not use this service if you don't want to pay the 5% fee.
Liquidation Methods
* EBANK has agreed to offer account holders access to limited liquidation withdrawals. ISK will become available for withdrawals once per month as profit above an asset valuation of 700b becomes available. The value of the actual withdrawal will be established as the percentage difference between our estimated NAV and known liabilities. A liquidation fee of 10% will be levied against all such withdrawals.
* We advise that these NAV estimations are not entirely accurate, and could be wrong either way by as much as 10%, thus you could be loosing up to 20% by taking this option.
* We will advise when these withdrawals will be allowed each month, and withdrawals will be issued on a first-come, first-served basis. Once all available capital above the 700b limit is liquidated, any remaining withdrawals will be cancelled and you will have to wait until the next month to attempt a liquidation withdrawal.
Defaulted Loans
Recently several loan holders were contacted to resolve the status of their outstanding debt, only two bothered to reply. One indicated they had defaulted on their loan due to real life issues, and advised we could liquidate his collateral to recover our losses. The other was skilzrulz, and in his usual, charming way indicated his contempt for your ISK by attempting to evade the issue by labelling the bank as a scam. Below follow the details of those that have defaulted on loans from EBANK. Individual threads will be moved to a public section of the EBANK forums for your perusal.
exernastia 275,000,000,000.00
skilzrulz 83,644,420,216.66
skilzrulz 17,302,791,695.37
skilzrulz 6,437,708,734.99
skilzrulz 9,021,006,053.61
Admiral Leyton 13,494,870,247.84
Amonse 268,039,004.39
Andrivullar 2,705,266,675.23
Aryana Orinogu 1,062,131,542.38
Cirillo 4,900,000,000.00
Chucker Harris 532,969,349.29
Ferrosa 1,028,826,814.34
General Newbold 677,624,852.31
HoRnY CoRnY 16,000,000,000.00
ISK InterStellarCredit 793,687,448.99
Lubimchik 10,000,000,000.00
Kara Rhane 6,945,236,426.37
Manson Forte 1,139,584,190.67
MerNeith 107,272,975.87
michael weels 4,304,153,257.23
Mother Clanger 790,000,000.00
MrT123 550,652,311.51
TheFazMan 400,000,000.00
Rar Ettrak 1,372,385,449.96
Ramadawn 167,914,293.37
Red Crown 1,600,000,000.00
SAMMOTTRAM 857,142,436.93
Sage Eveo 5,421,505,307.10
Officer Seller 3,600,000,000.00
Officer Seller 5,000,000,000.00
ohpo 3,800,000,000.00
ohpo 4,200,000,000.00
Tablaren 5,838,951,749.59
TheFazMan 2,000,000,000.00
Trente Reznor 6,009,527,264.54
Imogen Avox 3,150,000,000.00
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 15:03:00 -
[3]
Edited by: Ray McCormack on 22/11/2009 15:15:37
The amounts above may not reflect the original defaulted amount, they are what the loan balance was at the time the default was recorded on our system, or the current loan balance if the account has not yet been marked as defaulted, and thus include additional interest charges. If you feel your name is listed erroneously, please contact me to discuss. If you have information regarding any of the individuals mentioned above that could be beneficial to EBANK, please contact me. If you need some suggestions on how to mix alcohol and various juices, please contact me.
Recovery Progress
Our progress has been steady over the past few months as the various venture entities are consolidated. We've already seen the benefit of this consolidation by easily and quickly being able to downsize one arm of the venture and ramp up another. I expect the success of this management style to powerhouse our recovery.
We would love to offer you income reports from the various divisions, but due to other more pressing requirements those have fallen by the wayside. Once the internal audit is complete (yes, it's still ongoing) they will be worked on as a priority. For now you can assess our periodic updates to our progress by monitoring the Public Financials.
Recruitment
EBANK is a diverse collection of individuals, all with different reasons for (still) being here. We often argue, quite illogically, due to our differing passions, but we're united behind one common cause, to see EBANK restored to its former glory. And we want you to help, by joining us on this glorious and noble quest. These various roles need filling, perchance you might fill one of them?
Loan Officer
Your roles are to both respond to loan requests and actively market the loan division.
Sales Representative
Your duty (lol) is to maintain a forum presence to assist with sales.
Advertising Agent
You are responsible for the sale and management of advertising contracts on our website.
Help-desk Agent
Your task is to manage and maintain our support system, relaying tickets to the relevant people.
Compliance Officer
This middle management position will have you establishing and enforcing various policies and procedures.
Social Responsibility Officer
Another management position that will see you ensuring the bank and its staff are operating in an ethical, responsible manner.
Knowledge Officer
It's your job to analyse all aspects of the bank, asking one question: ISK! How can we make more?
Investment Manager
Manage our share portfolio.
Developers
We're redeveloping from scratch, this is your chance to become part of a team that is building the tools of the future. (Am I selling it hard enough? Basically we want you code monkeys to make our stuff work.)
Press Officer
Clearly we fail at PR, maybe you're a communications major and want to show us how it's done?
To begin the recruitment process, sign-up on our forums and contact one of the current Directors expressing your interest in any of the above positions.
Next Update
The next announcement is due February 15th to March 1st, so expect it in April sometime.
Yours Sincerely,
Ray McCormack
EBANK Chairman - On Behalf of The Board of Directors
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 15:30:00 -
[4]
 Originally by: flakeys
Is this a wii sex toy add? ... 
I'm not going to bite, mate - I've had my fun, now it's down to business.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 15:49:00 -
[5]
Originally by: Jackie Fisher
What are the consequences for non verification on a continuous basis? Just not being able to use ebank website functionality û not exactly a hardship under current circumstances.
Just that. It means you can't withdraw or transfer ISK.
Originally by: Jackie Fisher
Is this a precursor to ebank æclosingÆ all non verified accounts?
Yes, as is stated in the Suspense Account part of the announcement.
The rest of your questions are just technical in nature, how we achieve the end goal isn't really that much of an issue.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 16:20:00 -
[6]
Originally by: cosmoray
When transfer happens 5% fee comes out of the 1B, so I recieve 950M ISK?
Correct.
Originally by: Block Ukx
Does that means that all withdrawls will be charge a 10% withdrawal fee even if I don't intend to liquidate?
No, because normal withdrawals are frozen, so it won't apply. Any withdrawal for the foreseeable future will be treated as a liquidation withdrawal. The fee is in fact 5% though, the same as the account verification fee for sales.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 16:24:00 -
[7]
Originally by: Block Ukx
How do you define access? Simply login into EBANK?
Yes.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 16:36:00 -
[8]
Originally by: Ataraxa
Can somebody please translate that into normal speech ? I have trouble following the language there - especially the bolded part. :(
Currently our asset value stands at 680b. Once it exceeds 700b we will use that additional ISK, if it is free, to action withdrawals.
The withdrawals will be treated as liquidations of your account, and you will get a percentage of your withdrawal instead of the full amount.
The percentage will be our assets (700b) over our liabilities (1.9b) less a 5% fee, which would give you just over 30% back.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 16:41:00 -
[9]
Originally by: cosmoray
Rough estimate is fine.
Sometime before the Mayan calendar ends.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 16:49:00 -
[10]
Originally by: Mme Pinkerton
Great, so people who would otherwise have invested idle cash into your bank for the time they are abroad, taking a break from EVE, think they have left the game or whatever will in the future not bother with EBANK or withdraw their money before going afk for extended periods of time.
You realize that the "look how much money you would have after 2 years, if you just left it sitting in your EBANK account" was one of the major selling points of EBANK, don't you?
Granted, you get some short-term gains from expropriating idle customers - but this happens at the expense of seriously nerfing the long-term profitability of EBANK.
(this policy change will lead to less long-term investments, so you will have to maintain a higher liquidity ratio which again leads to less money being available to actually earn the interest on your customers' balances).
oh wait - in the long run we're all dead, anyways ... but imho that's not something management should assume in its decision-making process.
I'll reply with my final post in the vote thread on our internal forums.
Quote:
I'm going to let the vote pass as a YES with a clause that we need to obtain further community input and discussion on the final write-off of ISK.
So you're more than welcome to offer viable alternatives and solutions to the problems you raise.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 17:01:00 -
[11]
Originally by: Jackie Fisher
Will ebank be mailing all account holders to warn them of this change of policy?
Yes, as will we in the future when their accounts are suspended after three months, and again before they are written off after six months. Email, not EVEMail.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 19:04:00 -
[12]
Originally by: Bluebeard
you move the balances into a 'frozen' status and have a period of say 1 - 3 months (from the point where the Account holderasks for the account to be restored) before the account is returned to normal status and can be accessed.
This was proposed in the Director vote for this issue. It seems the most feasible solution, but would need to be used in conjunction with Pinkerton's suggestion of a statistical model to quantify what this is amount is likely to be.
Originally by: cosmoray
How many of the EBANK board are still going to be playing in 2011/2012. Can you be bothered to do it for that long? Is it still worth the work for a few years?
Magic 8-ball says ask a better question.
If you double your income estimates though, which is closer to what I believe we're more than capable of achieving, then - along with the various other possibilities you mentioned - it's likely we can reach our goal much sooner than your're suggesting.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 19:11:00 -
[13]
Originally by: Leneerra
Am I understanding this correctly?
Yes.
Originally by: Leneerra
I have to take your word for it you will not take (and store) other information availeble.
Moving forward we will start storing personal Standings.
Originally by: Leneerra
I wonder if a third party service...
No.
Originally by: Leneerra
Also, will you keep a list of outstanding and verified liquidation requests to be enacted as soon as funds are availebe (as per your terms for availebility)?
No. All outstanding withdrawal requests will be cancelled each month just before we re-open liquidation withdrawals. We will then process all the withdrawals we can, the remaining withdrawals will be left in limbo until the next run where they will be cancelled again.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 19:42:00 -
[14]
Originally by: SetrakDark
However, the fees seem extremely unjustified to me.
There are a variety of reasons to justify the fees, ranging from the work involved to ensuring we don't lose out due to incorrect valuations, and because of the negative effect it has on our working capital.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.22 19:52:00 -
[15]
I can understand your frustration and disappointment, but no one left at EBANK is responsible for the position you find yourself in; we're simply trying to offer you the best possible solutions under the circumstances.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 05:16:00 -
[16]
The Limited API Key requirement is not negotiable, we will not use alternative methods to verify your account status. Failure to provide your Limited API Key will result in your ISK remaining in your Suspense Account for the next few months until it is considered dormant and written off (pending final decisions on that process). I want to make it abundantly clear that we will not change our stance on this.
I will reply to the other questions and suggestions later this evening.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 16:42:00 -
[17]
Originally by: Breaker77
Are any of the older members (since before the Ricdic scandal) still at EBank? If so how are they not responsible for what has happened?
The remaining board members are Athre, Amarr Citizen 155 and SencneS.
Athre was head teller and then appointed acting CEO after the Ricdic incident. Her first move, together with AC155, was to bring me on board to conduct the internal audit that led to the deficit being revealed.
AC155 was in charge of running a venture, and having taken over a venture from Ricdic realised it was in no way profitable and proceeded to liquidate it.
SencneS was effectively a backup Director in charge of payroll.
Neither of their responsibilities saw dereliction of duty, they were in fact the best run divisions in the bank.
Originally by: Breaker77
Was there no system to check up on each other or even view internally loan/debts EBbank had?
There doesn't appear to be. In fact, an unsecured loan just came to light that was issued to a board member (at the time) at a ridiculously low rate of 2%. None of the current board members knew of that decision, nor is there any documentation detailing the reasons for the loan.
Originally by: Breaker77
If there was not such a system in place, is one being worked on to make sure that this situation doesn't happen again in a year?
Yes, internal policies are being worked on. We hope for our Compliance Officer to flesh them out over time.
Originally by: Krathos Morpheus
PS: I don't see the horrible loan terms you were offering in the last thread, have you finally realised that they didn't make any sense and have you finally pulled them out?[/justify]
No, they are still active. I will add them to the post when I get a chance.
Originally by: Leneerra
what I consider private is:
2 other chars on my single account
And that is the exact reason for the Limited API requirement. We want to know that information. Why should we pay you out if you're an alt of a loan defaulter or former disgraced board member?
The TOS have changed for the benefit of all account holders, not for the benefit of the staff.
Originally by: Dal Thrax
As somebody who's spend some time in an alliance with Mr. Horizontal, and who invested in E-Bank due to his involvement, I would be very interested in hearing why his accounts were liquidated.
Because he faked 90b worth of deposits in the back-end and attempted to steal that from account holders.
Originally by: Jas Dor
I move that the board consider a resolution to wind up the corporation, liquidate all assets, and make a pro rate distribution to the account holders of all isk received.
Request denied.
Originally by: Proton Power
Is it possible to do what your trying to do with inactive accounts any other way other than via API.
Sure, but that's not the only reason for the API requirement.
Originally by: Proton Power
Instead of 6mths inactivity I would personally say go 8.
The military was something that came up during the vote, and we're willing to listen to this in our discussion group, which will be formed shortly (well, within the next few months).
Originally by: Amaarrah
Can I put my ISK from Suspence account into Checking Account and get 1.5 %? If not when will this be possible?
You can move it there, but interest will not be activated until the conditions outlined in the first announcement are met.
Originally by: Wyehr
]I think they picked 700B ISK since it was slightly more than they have right now. This way, depositors are drawing out earnings rather than reducing the bank's working capital.
Correct, it's also closer to the capital amount the bank can handle effectively at the moment.
Originally by: Wyehr
How about a script to check eve-search for the latest post from each account holder?
The various other reasons, such as identifying alts on accounts, make this suggestion moot.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 16:54:00 -
[18]
Originally by: Brock Nelson
Why not give everyone a chance to withdraw their isk before changing the term of agreement?
Because we don't want to allow those that are in debt to the bank this opportunity.
Originally by: Moya81
Originally by: Ray McCormack
I'm going to let the vote pass as a YES with a clause that we need to obtain further community input and discussion on the final write-off of ISK.
Originally by: Ray McCormack
The Limited API Key requirement is not negotiable, we will not use alternative methods to verify your account status. Failure to provide your Limited API Key will result in your ISK remaining in your Suspense Account for the next few months until it is considered dormant and written off (pending final decisions on that process). I want to make it abundantly clear that we will not change our stance on this.
Your replies are confusing and contradictory...
They're not, the first quote is regarding Suspense Accounts, as denoted by the "pending final decisions on that process" in the second quote.
I have read the rest of the replies up to this point and can't see anything else that warrants a reply from me. Please restate your question or ask for my attention in a further post if I haven't replied to you and feel I should have.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 17:21:00 -
[19]
Originally by: Liberty Eternal
Your moral and contractual obligations are simple - immediately cease the non-voluntary imposition of new terms on your customers and liquidate your holdings so as to return the property you hold to its rightful owners.
The board views it's moral obligations slightly different, and we're willing to make non-voluntary contractual changes when we believe those changes are in the interest of the majority of stakeholders.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 17:39:00 -
[20]
Originally by: SetrakDark
If the API key is non-negotiable, then I don't see much point in debating it.
I could lie and tell you we will take your objections into account, but the fact is the decision has been made and will not change. Perhaps some of our account holders appreciate that brutal honesty, if nothing else.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 17:49:00 -
[21]
Originally by: Liberty Eternal
If this is an anti-crime operation, then you must commit yourself to cleaning up accounts as quickly as possible, and then you must return account holdings to their rightful owners and only retain isk through mutual, voluntary agreement.
The issue is if we don't enforce the policy across the board then we lose the opportunity to catch those we're after, and we cannot be sure we have caught them all until every account holder supplies their Limited API Key or forfeits their accounts. If they do supply their Limited API Key, then they have accepted the contractual change, albeit under duress. However then they are then able to register their dissatisfaction with that change by withdrawing the ISK from their account or changing their Limited API Key (and only giving it to us once every few months to ensure their account remains active if they merely distrust us).
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 18:03:00 -
[22]
Originally by: Krathos Morpheus
Now, on the api issue, it is VERY curious that you guys put down the ideas that could not work but do not comment on the ideas that will do, what about the in-game channel and the 0.01 isk deposits? What do you have to object to that?
How would that identify alts to us?
Originally by: Dzil
Why is the ebank customer being held to this higher standard of trust/disclosure than the ebank board? Where are YOUR limited API keys?
You surely don't expect us to make them public do you? That's hardly the same thing as we're requesting. And every EBANK customer is required to supply those details, Board or Staff membership regardless.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 18:09:00 -
[23]
Originally by: Liberty Eternal
So long as customers can remove their money after handing their API over, then the only remaining problem is how you will guarantee the privacy and security of their API data, if it even can be guaranteed?
Just to qualify, they can remove their ISK through a liquidation withdrawal, they won't get the full amount just yet. Or they can wait, and supply their Limited API Key every so often to avoid their account being suspended. Then they can withdraw the full amount when we re-open interest and withdrawals.
We will do our utmost to keep the data we obtain from the Limited API Key private and secure, but for me to promise it is entirely safe would be a lie. Any Admin or Board member on the bank website can see these details, and I can hardly stop them from storing it without my knowledge. I'll let them all know I will be extremely angry and upset if they do though.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 18:16:00 -
[24]
Originally by: Krathos Morpheus
No they can't, because you do not allow withdrawings nor liquidations atm.
Patience. They only have to provide their keys when we do allow liquidation withdrawals, or do it every now and then to avoid their accounts being suspended before we do allow withdrawals.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 18:23:00 -
[25]
Originally by: Liberty Eternal
Sorry but that is totally and utterly inadequate. You need a far more robust security system.
I don't see how we can implement one that still sees the staff members that action withdrawals have access to that information to check for alts on our list of known thieves and loan defaulters.
Can you?
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 18:29:00 -
[26]
Originally by: Liberty Eternal
what reason do you have to refuse liquidation?
Because liquidation is subject to conditions as outlined in the OP that aren't yet met.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 18:47:00 -
[27]
Originally by: Liberty Eternal
This is poor corporate governance and violates the fundamental principles on which capitalism is built. You are not a bank with customers, running on contract, respecting private property laws so long as you continue to forcibly retain your customer's assets like this. There is no place in free-market capitalism for an entity with a method of operation and an ideology like this.
Welcome to EVE, did you happen to read the game blurb?
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 18:56:00 -
[28]
Originally by: RAW23
Could you explain to me how your planned expropriation of account balances differs from a scam given that it will capture not only those who have defaulted on debts but also anyone who is not willing to be blackmailed into handing over sensitive private data?
Unfortunate collateral damage due to someone's ill-fitting mistrust. No system is perfect, this is the closest we'll get to achieving our goal of revealing thieves' and defaulters' remaining accounts.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 19:01:00 -
[29]
Originally by: Liberty Eternal
Corporations and banks are run on some fundamental principles which cannot be violated. In violating these principles you cease to have the right to be called a bank - you are running a parody of a bank that is involuntary and doesn't respect private property.
Then so be it. I'm not going to be bound by real-world fundamentals that have no bearing under these circumstances. Your arguments would go as far as to see us having recourse against the former management for their embezzlement and theft. No such thing exists, this world does not conform to the standards of yours.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.23 19:24:00 -
[30]
Originally by: RAW23
will you consider this a success or a failure for the plan?
I consider nothing of this to be a success or a failure, it's the best of an extremely bad situation.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.24 05:27:00 -
[31]
Originally by: Kapila Parthalan
Originally by: Katiana Swan
I think Ray was saying that in jest.
I also thought so, but it is unclear.
I wasn't.
Originally by: Varo Jan
It takes a public company in RL
Everyone's an expert. Does that mean you're volunteering to do them for us? I have other more pressing concerns currently, no point in having flashy financials if all the figures are zero.
Originally by: Varo Jan
Don¦t you understand that?
Thanks, you'll find I mentioned that in the OP, but kudos for being able to point out the obvious.
------
Regarding the API stuff, I read most of the posts. I ignored the ones made by that angry guy with all the bold and underline, he's clearly got issues. None of the arguments have changed my mind on the matter though, the Limited API Key requirement will not change and is in place for the multitude of reasons already mentioned.
Give us your Limited API Key or forfeit your ISK, it is that simple. No sugar coating.
We will however make accommodation for those returning to claim their ISK, accounts will not be written off completely and will be available after a brief freeze period after being re-opened. We'll finalise that decision over the next few months and let everyone know.
One thing everyone needs to understand is I have nothing to hide, I will be brutally honest about every decision made by the bank - I have no need to hide anything as it's quite obvious I'm a ***** that will just do whatever he thinks is best.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.24 15:30:00 -
[32]
I'm sorry some of you dislike me so much, I really do. /me hangs his head in shame.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.24 16:16:00 -
[33]
Originally by: TornSoul
- Retroactively demanding API keys, simply isn't acceptable.
Circumstances dictate otherwise TS. The bank has been subjected to some of the largest thefts and defaults in EVE history, it has seen transactions faked in the back-end by previous directors - there is no way I can stand by and watch those responsible get away with further ill-gotten fains if there is the slightest chance I can prevent that.
As bitter a pill as this is to swallow, there is no other alternative available to me that would see me able to gain access to such information as alternative characters.
The argument that those responsible are too intelligent to fall into such a simple trap doesn't hold water with me. Straw man says the locations of the largest government money spinners next to taxes are freely available on the internet, they even paint them bright yellow so as you drive passed you can wave for the camera.
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Ray McCormack
Kisoken Innovations
|
Posted - 2009.11.24 16:22:00 -
[34]
Originally by: Vaerah Vahrokha
Quote:
I can't speak for others but I have nothing to hide, like I said before, I'm enlightened enough to know anonymity will only get you so far. In order to go that next step you HAVE to become transparent. All of MD wants IPO/Bonds/CEO and their business to be as Transparent as possible. Why shouldn't EBANK seek the same transparency from customers when the business EBANK does is directly affected by those customers?
I did not think I'd live long enough to see such a statement off an EBANK representative.
I 100% agree with that post. To such an extent that AATP was the first public company to release it's full API details (bar shareholder information) to the public.
EBANK will follow suit to a certain degree if I have anything to do with it (and I do, so it will).
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Ray McCormack
Kisoken Innovations
|
Posted - 2009.11.24 16:41:00 -
[35]
Originally by: TornSoul
Why not give it a try?
It doesn't supply me with one of the key requirements, access to the information about someone's alternative characters.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.24 16:59:00 -
[36]
TS, I thought on all these points when the requirement was first mentioned a few months back. However I am happy with the reasons for its justification despite the arguments against them.
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Ray McCormack
Kisoken Innovations
|
Posted - 2009.11.24 17:08:00 -
[37]
Originally by: Ji Sama
Would you have stood for this, if you where on the client side?
I am on the client side and I was the first person to provide my Limited API Key.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.24 17:18:00 -
[38]
Providing it subjects me to the same perceived risks that everyone else is seeing.
Unless the argument is directly against my personal trustworthiness, in which case there is nothing I can do.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.24 17:24:00 -
[39]
Originally by: jna
You do, however, have slightly more control over who else gets to see the API data than I do. Or are you saying you don't have any control over staff recruitment, internal security procedures etc?
How does that protect me from those same risks though? Maybe it does assuage my fears some knowing that I have some actual control over who sees my information. But I don't think the argument here is over trust.
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Ray McCormack
Kisoken Innovations
|
Posted - 2009.11.24 17:34:00 -
[40]
Originally by: TornSoul
The real question is : Would Ray stand for trying to be forced to do something he would not like to do.
Answer (and I guarantee you this is correct) : No, he would most definitely not.
Hence : A hypocrit.
Forcing someone to do something they don't like isn't the issue here. I'm forcing account holders to have their ISK frozen within the bank, something I (as a customer) certainly don't like.
Do I like all of the suggestions we're implementing at EBANK? No. Does it make me a hypocrite that I remain or merely a good team player? You can't go through life only implementing or abiding by rules you like, that's impossible.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.24 17:40:00 -
[41]
Originally by: jna
Secondly, I resent - as I believe you would too - being strong-armed, with no other option presented, into doing something I don't want to do, to get access to what was mine in the first place. It's blackmail, pure and simple.
Of course I would resent that, but needs must. Nothing will be palpable to everyone. The Board is in the proverbial space between a rock and a cricketer's box. We have to make the unpopular decisions we feel will benefit the whole. You can argue against our right to make those decisions, but we're mandated to make them. The alternatives are often worse, and whichever option we choose will never be perfect.
Originally by: Dzil
Originally by: Ray McCormack
But I don't think the argument here is over trust.
No, I'm pretty certain the argument over the past 10-11 pages is in fact, over trust.
Then as stated I'm subject to the same risks associated with that trust now, having supplied my Limited API Key in the same way we're asking account holders to.
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Ray McCormack
Kisoken Innovations
|
Posted - 2009.11.24 17:56:00 -
[42]
Originally by: Wyehr
I wish you well, but I don't see any point in pretending that I would be a useful contributor to an organization that behaves without reason.
Just because those reasons don't match your own doesn't mean we are without. There is more to operating as part of a team than wanting only your reasons at the fore.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.24 18:02:00 -
[43]
Originally by: TornSoul
It has repeatedly been demonstrated here that the goal you are trying to achieve, *can not* (to it's fullest) be achieved with the chosen method (API key)
Then it will be achieved to it's least.
TS, you're aware of how much your opinion and respect means to me, I'm sure others do. So let this be an indication of the conviction I have in supporting this and the other decisions that the Board has made.
We will not get everything right, and perhaps this is one of those decisions we'll look back on in the future with some regret. But for now we are united in our belief that this is the best solution possible in the circumstances.
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Ray McCormack
Kisoken Innovations
|
Posted - 2009.11.24 18:17:00 -
[44]
Originally by: Frances Victoria
Assuming that is correct, do you have a list of such characters you wish to blacklist?
The list of defaulters listed in the OP, plus Mr Horizontal and his horde of alts (mentioned in a previous announcement) along with Anastasia Heron.
Originally by: Frances Victoria
Does this satisfy every requirement you have for wanting your customer's API keys? If not, what else do you need?
No, because that would set a precedent of us requiring third-party intervention for everything we should (ideally) be trusted for, such as loan collateral, ISK in accounts, etc. Not much point in a bank in EVE without trust (and yes, I'm aware of the irony there).
Originally by: Frances Victoria
At such as point in the future as you are in a position to offer a full withdrawal, only then do you request an API key, in order to authorise said withdrawal.
That's just a matter of timing. You could withhold your API Key for the next six months, provide it to us once to keep your account active and change it immediately after that. In another nine months you could do the same, by then we should be closer to having a clearer picture of when full withdrawals will be allowed if they aren't already by then.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.24 18:24:00 -
[45]
Originally by: Weltact
Does this api thing of yours support api proxies?
No, because a proxy could fake the results.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.24 19:23:00 -
[46]
Originally by: Tesal
Originally by: Amarr Citizen 155
Just wanted to pop in and say hello to everyone.
Seriously, if you want to have a business out of this debacle, stop. Why would I give this person my API keys? There is no respect for the customer there.
I know, what a bastard. AC you should be ashamed. Next time knock.
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Ray McCormack
Kisoken Innovations
|
Posted - 2009.11.25 05:55:00 -
[47]
Originally by: Kapila Parthalan
Why does EBANK need information on personal standings?
Think of it as us creating a "known accomplices" list.
Originally by: Kapila Parthalan
Considering the low profit EBANK is making on its 700B ISK, why do you think it is the amount the bank can handle most effectively?
Because with our current members it is possible to run a profitable venture of 200b ISK. Add that to our Fixed Assets and Loan Portfolio and you will get close enough to 700b for it to be used as a nice, round figure.
Originally by: Kapila Parthalan
I would very much appreciate if you told us what makes you so convinced that this is the best decision. Your arguments so far are unsatisfactory.
The reasons already stated are what have convinced me. If those don't satisfy you then we'll need to agree to disagree, I can't exactly invent reasons to satisfy you and it's not my responsibility to satisfactorily justify each and every bank decision to every single customer.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.26 05:24:00 -
[48]
Originally by: Drab Cane
Ray, EBank is your baby now. There's no way you're going to appease everyone, but please take a few steps to show the rational majority that you are doing your best on our behalf.
Agreed. The Board will draft the final API policy this weekend and release it next week sometime. It'll be no different to what has already been stated, however this will be an official, unambiguous version clearly outlined in our TOS.
Originally by: Leneerra
Should you agree to these terms (and keep them) I will cease posting, complaining etc in threads about ebank.
I can't accept those terms Leneerra, there is no negotiation over the Limited API Key requirement (in case I hadn't made it clear before).
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.26 11:21:00 -
[49]
Originally by: Marcus Baltar
So this whole thread is not "official"?
Yes it is.
Originally by: Marcus Baltar
I am stating that I refuse these new Terms and Conditions and requesting the return of ALL of my account contents, as per any financial institution, one of which you claim to be.
Request denied.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.26 15:00:00 -
[50]
Originally by: FlameWarrior
doe it mean i m going to be charge of 5% of this amount of isk i try to withdraw 2months ago ?? or wht is going to happen ?
No, all pending withdrawals will be cancelled before we start the first liquidation withdrawal cycle.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.27 05:26:00 -
[51]
If there was a trusted third party that provided a granular level of access to the API like this we would be willing to use them as an alternative to providing us with your Limited API Key - providing certain technical conditions were met.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.28 09:11:00 -
[52]
Originally by: Tiberizzle
stupid stuff
Your claims are pure comedy gold, keep up the good work.
/me shudders to think of anything bad happening to his Nissan... 
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.28 13:40:00 -
[53]
Originally by: Cordin Hamir
the very arrogant and high handed position taken by the BoD
An unfortunate interpretation of the approach we have to take to the situation.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.28 14:16:00 -
[54]
Originally by: RAW23
Nothing in the situation mandates that you have to respond to public criticism with condescencion, sarcasm, stone-walling and name-calling, whatever your view on the necessity of the actions you are taking.
It's not my aim to win the PR battle, someone else can do that for me. But it's fairly obvious that our reactions to certain suggestions and individuals should not be interpreted as our overarching position.
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Ray McCormack
Kisoken Innovations
|
Posted - 2009.11.28 17:06:00 -
[55]
Originally by: Marcus Baltar
Why does your P&L include income that has not been received?
Don't interpret that as an accurate P&L, it's an indication of estimated income and started off as a cash flow statement. The fact it made it so far eventually became a decision for me to either offer what you see or nothing. Nothing is worse than something.
Originally by: Marcus Baltar
Why are the ongoing (deferred) salaries not being included?
Because they haven't been finalised.
Originally by: Marcus Baltar
Why does your share portfolio value the Datacore shares so high?
What should we value them at? I haven't looked at share prices since that list went public.
Originally by: Marcus Baltar
Why is the loss analysis not being updated?
Because it hasn't, what does it need to be updated with?
Originally by: Marcus Baltar
This is the second unilateral change in TOS that I am being forced to accept with no provision for backing out without acceptance. What is stopping you from doing it again? Anticipating your likely answer; why should I trust that you will not do it again and again?
We probably will do it again. How's that for anticipating our likely answer?
Originally by: Marcus Baltar
Rhetorical question: If I knew of someone that had EBANK money (not an account in EBANK) what proof of identity would you, the EBANK BoD, provide, before its return?
I don't understand the question.
Originally by: Marcus Baltar
BTW - I have not yet received an email, in-game or IRL, informing me of these new changes. As you are not letting me view my account I cannot tell you if there was a RL email address, but I am pretty sure there was.
That's because we haven't sent one yet.
Marcus, I'd be happy to do a mano-a-mano interview about my part in the secondary market if that's what you'r gunning for?
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Ray McCormack
Kisoken Innovations
|
Posted - 2009.11.28 17:13:00 -
[56]
Originally by: RAW23
If you appoint me to the position of Social Responsibility Officer I will do my best to steer you right on such issues.
You would be required to work in close conjunction with various other parties responsible for their domain and your views may not always be universally accepted. How would you deal with that?
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.28 17:39:00 -
[57]
Originally by: Breaker77
I think he is asking that if he knew of someone that owed EBank ISK (loan, ect...) what information would the BoD at EBank reveal to get it paid back (API, ect...).
I guess I'm being stupid, but I still don't understand the question?
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.28 18:09:00 -
[58]
Originally by: Dzil
If I understand correctly, it looks like he's asking whether ebank would give out information on its characters/accounts in order to collect on a loan.
Give out information on who's characters/accounts?
This isn't being asked very succinctly in my mind. Spell it out for me, draw pictures.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.28 19:27:00 -
[59]
Originally by: SetrakDark
Not expecting an official statement, just casually curious.
Hey, if you want to chat look me up ingame or via email on [email protected].
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.29 07:57:00 -
[60]
Thanks TS. However there needs to be a way for me to require the user to provide the key for all their characters and not just one.
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Ray McCormack
Kisoken Innovations
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Posted - 2009.11.29 08:20:00 -
[61]
Originally by: TornSoul
Will this suffice, or would you prefer a different mechanism?
That should be fine thanks. I will code and test this afternoon with an aim to having it live this evening.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.23 18:17:00 -
[62]
Originally by: Ray McCormack
Recruitment
EBANK is a diverse collection of individuals, all with different reasons for (still) being here. We often argue, quite illogically, due to our differing passions, but we're united behind one common cause, to see EBANK restored to its former glory. And we want you to help, by joining us on this glorious and noble quest. These various roles need filling, perchance you might fill one of them?
Should you wish to fill one of the roles mentioned in the OP, please fill in the application available here.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.23 19:18:00 -
[63]
Originally by: Kapila Parthalan
This was on 11.29. Since then, there have not been any updates on the status of BLEEP. Has there been any progress? When will this be done?
I honestly haven't had the time, I've been a bit swamped trying to finish some work projects before my long break (which started today). The only progress has been in my head on how to implement the change in the code. It will be done, dunno, soonish. When do you want it done by?
Originally by: Kapila Parthalan
This was even earlier, on 11.26. Why has this API policy not been released yet, and when will it be?
Same again, a proposal has not yet been presented to the board for review and vote. As you can see, we've only today finalised the Q&A for applications; we're going in some random order of importance. It will be done by the time the BLEEP interface is live.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.24 07:24:00 -
[64]
&A Originally by: YouGotRipped
What measures are in place to prevent a scammer alt from joining Ebank?
Subsequent to the Q we will hold interviews where we'll ask people if they are "scammer alts". That should weed them out. Alternatively we shall sit on their faces and fart until they answer honestly.
Originally by: RAW23
You didn't write that did you?
I indeed did, thanks for asking. This is where the SRO and CO would step in and say "Ray, you're being a bit of a ****, stop it". Also, we're still looking for that PR guru, had a couple of apps, need to check the mailbox today. It's possible you won't have to watch me prostrate myself here much longer.
Originally by: Kapila Parthalan
Those things were scheduled to be done within a week, and it has already been about a month. Hopefully you can actually finish them within the next week or so.
If the bank paid me as well as my job then they would have been done within a day. I wouldn't bank on them being done by this time next week though, it's half nine and I'm already half cut. Give me a reasonable deadline (remember, there are other tasks assigned to me) and I'll stick to it.
Originally by: KaarBaak
Nothing to do with customer service.
Customer what?
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.24 09:44:00 -
[65]
How do you propose we pay interest considering we're still trying to recover a massive deficit?
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.24 10:06:00 -
[66]
What promises have I made?
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.24 12:46:00 -
[67]
How am I lying?
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.24 13:35:00 -
[68]
Leneerra, you're just talking for the sake of the argument now. Nothing you're saying has any relevance to my presumed lies and broken promises.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.24 15:30:00 -
[69]
Originally by: Kwint Sommer
How do you suggest we resolve this?
We just sold your shares. Now what?
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.24 15:44:00 -
[70]
Originally by: Kapila Parthalan
Maybe January 8th?
Okay. And what are the penalties for failing to meet this deadline? And are there incentives for early completion.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.24 17:20:00 -
[71]
Originally by: RAW23
morally culpable
You're barking up the wrong tree there. 
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.25 06:43:00 -
[72]
Originally by: Kwint Sommer
Acknowledge that you still owe your customers interest on their money and start reflecting that in account balances.
No, we don't negotiate with financial terrorists. Your move.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.25 08:32:00 -
[73]
Originally by: Taikun
my friend.
Hey, want to hook up this weekend? We could go for a stroll along then beach and then sit in front of a camp fire and braid each other's hair whilst watching the sun go down.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.25 09:00:00 -
[74]
Originally by: Ataraxa
Can somebody explain me what has happened there ? Re-Evaluation of some sort?
The drop of 50b was due to an investment we made that I haven't yet recorded on the balance sheet. I'll do it later this afternoon (plus one month).
Not sure what the 14b increase was.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.25 09:09:00 -
[75]
Originally by: Dasola
Then what are you then Ray? Financial terroris for taking other peoples money without consent.
Pretty much.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.28 15:39:00 -
[76]
Originally by: Rage Build
I don't know if you noticed but YOU are the financial terrorists here. You ransom your customers ISK and decide what to do or not to do with it, leaving no choice to your customers.
Yes, I noticed the irony. I'm also aware of the fact that everything we say will be construed as a double standard or picked apart piece by piece by the resident vultures. It's really not a productive environment for a constructive dialogue. I'm sure someone will point out how we're to blame for that, and someone else will yet again point out how saying that someone will point that out is yet another failing on our part.
Really, I get it. Do you?
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.29 08:03:00 -
[77]
Originally by: Kwint Sommer
You're damn straight I'm keeping the two-point-something billion as a fee and damages.
You're using my personality to justify your actions.
You knew we had not sold or transferred the shares and that my reply was purely hypothetical. Yet you decided on the most drastic course of action knowing you could justify it by playing it against my actions.
Good work. Please return the additional ISK to EBANK Athre when you've decided to end this tirade.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.29 08:21:00 -
[78]
Originally by: RJ Nobel
Ebank CEO
Actually, I'm the Chairman. Although I'd prefer being the COO.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.31 10:00:00 -
[79]
Try moving one ISK less than you actually have, there may be a rounding issue.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.31 10:15:00 -
[80]
Originally by: RAW23
1. What is the justification for treating account expropriation as different from theft?
Please define "account expropriation" and how we are doing that?
Originally by: RAW23
2. What is the justification for refusing to commit to honour promised interest payments?
What promised interest payments?
Originally by: RAW23
3. Does EBANK intend to allow a run once its assets equal its liabilities (with or without interest), as suggested by LVV and SencneS? Or does it intend to maintain withdrawal controls to ensure no such run happens, which is what I have understood Ray's stated plan to be?
Nothing has changed with regards to withdrawal controls once the bank re-opens. What is your concern here, that we won't meet the run?
Originally by: RAW23
So, to start with c), can you clarify what you mean here?
I'm not sure what clarification is required. It would be a cosmetic effect and achieve nothing more than a delay in the re-opening.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.31 11:02:00 -
[81]
Originally by: RAW23
But since the possibility of zeroing these accounts is still, apparently, on the table, can you explain how it differs from theft.
It's no longer on the table. We'll never write off account balances for inactivity or failure to provide an API key. As you state, we're finalising the entire policy surrounding Suspense Accounts, but that much I can guarantee now.
Originally by: RAW23
Those that the bank committed to when taking deposits. The payments that you refer to as "cosmetic".
We cannot afford to commit to those payments as well as recover the deficit. Re-enabling interest payments on current balances would delay the deficit recovery by an unacceptable period of time.
Please note this is current policy, and there is the potential for it to change (perhaps drastically) pending current internal discussions.
Originally by: RAW23
No, my concern is that certain justifications
If your concern is with the justification for other policies then we need to address those directly, and not indirectly through this.
I believe most of your other concerns are addressed by my second answer (along with cryptic addendum) in this post.
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Ray McCormack
Nordar Innovations.
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Posted - 2009.12.31 11:25:00 -
[82]
The bank will not close and will return to profitability. In order to achieve that we have frozen withdrawals and interest payments.
Perhaps it's best not to get sidetracked trying to discuss with me the justification of other policies to tear apart the justifications of this policy as raised by other individuals; but rather just address my justification of this policy directly?
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.01 10:42:00 -
[83]
Originally by: RJ Nobel
Does Ebank have a viable plan for profitability once the accounts are restored?
When EBANK achieves full liquidity it will be because of profitability, and therefore we will already be in a profitable position when accounts re-open. There is also the 90% clause from the original freeze announcement that allows us to stop interest payments again should we fall below profitability. Now that may sound like we're going against our promise of interest payments again, but it's the only sensible solution to ensure we don't fall into the same pit once more.
Originally by: RJ Nobel
I would suggest that "official policy" statements be posted on the Ebank site.
It's just too time consuming. Once staff numbers are up we can look at this.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.01 12:43:00 -
[84]
No, we will use a model whereby profits from good months go towards shoring up deficits in bad months. There is no mechanism for profit sharing in the bank currently.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.02 06:37:00 -
[85]
Sorry, not been reading up much on the other discussions, but is there a question over whether or not the lending of money is a sound business practise?
If so then the answer is unequivocally yes.
Is lending without collateral a sound business practise? Then the answer is proven to be no.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.04 06:57:00 -
[86]
Some form of profit distribution to currently affected account holders is possible in the future to offset the missed interest payments.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.16 17:38:00 -
[87]
Originally by: Rada Ionesco
it just keeps giving me the same error message.
Bad file name or number? Care to elaborate?
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.16 18:48:00 -
[88]
No. What are you trying to do exactly?
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.17 05:04:00 -
[89]
You still haven't told me what error you're getting, when exactly you're getting it, etc. Please email those details to [email protected] and we can continue from there.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.22 05:40:00 -
[90]
Originally by: Ima Victim
Weeks on, I'm still waiting for the isk that was placed "in limbo" by virtue of the fact that it was subject to a pending withdrawl request when accounts were frozen to return to my account. Any ETA on that, or should I just slink off under the weight of the ridicule I shall surely receive merely for asking?
I started work on the scripts to cancel withdrawal requests last night. I'll try grab a few hours at work today and finish it off.
Oh yah, and BLEEP too, sometime. And a fix for that annoying login bug for new users (yes, we do get those).
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.22 20:22:00 -
[91]
Unfortunately that wouldn't supply us with details of the other characters on the account.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.23 05:01:00 -
[92]
Yes, there is a problem with new accounts. It will be fixed at the same time BLEEP is added.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.25 13:56:00 -
[93]
Any and all Pending Withdrawals Requests have been cancelled and the amount returned to your Suspense Account.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.26 14:48:00 -
[94]
Originally by: Varo Jan
Your accounts still show 2.4 billion in Pending Withdrawals. Oversight?
Nope, that's updated automatically, so probably an issue with browser or Google caching. It shows correct for me.
Quote:
Suspense1,458,613,862,162
Pending Withdrawals2,383,839,820
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Ray McCormack
Nordar Innovations.
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Posted - 2010.01.26 15:35:00 -
[95]
Originally by: Varo Jan
Shouldn¦t that number be zero?
Not if someone requested a withdrawal after the were cancelled.
Marcus, it's awesome that you can count. Please keep us updated on this ability.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.02.16 11:31:00 -
[96]
/me gives RAW23 a pacifier.
Are you back to play with us for reals or are you just going to run off again claiming quitsies to live in that fairytale world of yours you're trying so hard to pigeon-hole EVE in.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.02.16 16:18:00 -
[97]
Originally by: Amarr Citizen 155
a bit too drunk
Quoting for oxymoron. You can never be too drunk, just like an earthquake can never be too earthquakey. And I do believe the scientific measurement of drunkenness is in degrees of ugly - the fuglometer. General markings being references to acquaintances or celebrities, or references to celebrities in varying states of being.
So when asked how drunk you were last night, you could reply "I believe I was close to Drew Barrymore with One Eye and a Rotting Foot but for all I know it could have been Denzel Washington With a Limp-Lisp and Mullet" (I know, hawt, right?).
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Ray McCormack
Nordar Innovations.
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Posted - 2010.02.23 05:44:00 -
[98]
Just to let everyone know, our assets topped 700b a few weeks back - the current reflection on our public financials is a drawback of having them update from live data. The missing amounts are due to loans that were given out but required back-end modifications that I have not been able to do yet.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.02.28 09:06:00 -
[99]
Originally by: Carselyn
When will you unfreeze the ISK deposited after the 25/08/2009?
It isn't frozen, please request a withdrawal and then file a support ticket - someone will action it for you (eventually).
Originally by: Carselyn
Since we have to provide our limited API Key, what happens if we sell a char? Do we have to transfer the money to another char? What if this char has deposited ISK after the 25/08/2209. Will the total amount of ISK considered as æfrozenÆ?
Um... yes?
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.16 05:49:00 -
[100]
BLEEP will be implemented when it becomes a requirement for people to withdraw or liquidate their ISK, before that my time is better spent elsewhere.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.16 15:00:00 -
[101]
Originally by: Liberty Eternal
The people running Ebank are one sad, pathetic bunch of human beings.
Posting to confirm this as the truth. We're also talentless, disinclined liars. Clearly public engagement is constructive.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.16 16:07:00 -
[102]
I'm not here to engage in trivial pillow-talk with you, if there were serious issues raised I would address them. Those you have raised are pointless drivel fuelled by your brain farts, we're done here. See you next announcement where you're free to raise your misguided pedantry so we can ignore it once more.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.16 16:37:00 -
[103]
Why are you wasting your time throwing a document I wrote in my face when clearly I don't give a **** what you think?
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.16 16:47:00 -
[104]
None of your business.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.16 16:53:00 -
[105]
Originally by: Cyaxares II
Somehow she seems to tolerate that kind of treatment quite well but I wouldn't suggest to force anyone else into her shoes.
Senc is a great guy, gets on with things - I have no problems with him; I'm glad he's a part of the bank, couldn't do without him. He does tend to go on a bit though, but that's no secret.
So I'm not sure where you're pulling this *******s about me trolling him from. Your ********, perhaps, along with the rest of your thoughts?
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.16 16:58:00 -
[106]
Originally by: Leneerra
Just add in rays recurring abusive posts.
I'm a ****, you not getting that this late in the game is surprising.
Originally by: Leneerra
The repetedly failed deadlines by the current management, set by the current management.
What deadlines have we failed to meet? (seriously, I'm going there)
Originally by: Leneerra
A director that remained onboard till after the account lock and the public declaration of 35% solvability cashing himself out at 100% with little public outcry from the management.
What the heck? We alerted the public to it and called him a thief, what more do you want?
Originally by: Leneerra
Not a single sign of ebank holding a guarantor of an unsecured 250B loan accountable for his guarantee.
I spent enough time flogging that dead horse. KIA owe EBANK 275b plus interest. What more do you want me to do about it?
Originally by: Leneerra
Bland acceptance of defaulters that only repayed enough in repayments and intrest to cover most of the principal.
Like who? I can also make **** up and post it on the forums (cue the response about how I usually do)...
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.16 17:04:00 -
[107]
Originally by: RJ Nobel
plan for recovery
A what for what? I don't think we have one of those in stock, sir. Would you prefer the cheaper, generic option instead?
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.16 19:27:00 -
[108]
I see your words take credence from your alliance name.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 05:15:00 -
[109]
Originally by: cosmoray
If you knew that getting back to 100% took until December 2012 would that be acceptable to you?
Yes.
Originally by: cosmoray
Do you think it would be acceptable to your customers?
I don't care, it's not my problem they invested in a ******** australian and got their ISK stolen. Next time think carefully about whom you trust.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 05:22:00 -
[110]
Originally by: Reilly Duvolle
You sir, are a sorry excuse for a human beeing. Ask your mom for you birth certificate, and she will show you the apology letter from the condom factory. So why dont you shut up and give that hole in your face a chance to heal. You will never be the man she is anyway.
Top class, couldn't have put it better myself. You should have finished with some line about how I'm also a thief because I steal her unwarranted affection on a daily basis leading my talentless existence, then you'd be in line with the rest of the tosh being sprouted in this thread.
All you mouth breathers getting your knickers in a knot need to get some perspective.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 13:41:00 -
[111]
Hey, it's the muppet crew, here to point out how the public investment market in an internet spaceship game isn't always perfect.
Well done Captains Obvious. /finger.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 14:59:00 -
[112]
Originally by: RAW23
Worst excuse for poor performance ever.
Sorry, it's the best I could do whilst suffocating underneath your mom.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 17:03:00 -
[113]
Here's your profit report. /me groin-thrusts.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 17:13:00 -
[114]
Originally by: RAW23
grown-ups
Pfft, hardly. You're about as mature and sophisticated as a wet fart. Your thoughts and ideas even less so.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 17:22:00 -
[115]
Originally by: RAW23
Hush now. I'm sure someone will sing you a lullaby if you ask nicely.
Sing me the one about how you jump off a cliff and die (ingame).
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 17:27:00 -
[116]
Originally by: Leneerra
Basicaly it is about people making promises and not keeping the promises they made. Rays abraisive posting is just a irritating side issue and would probebly be meaningless if he just kept the promises he himself makes (other than his promise to be verbally abusive).
Leneerra, I like you man. You actually have a stake in this whole situation unlike most of the other parties involved in this thread. I responded to your earlier issues, not sure if you missed them.
But please take your own advise, my strong reaction is not directed at you or your ilk (ie, those with a stake in the situation), I'll gladly engage in constructive dialogue with you.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 17:39:00 -
[117]
Originally by: RAW23
I have no interest in twisting your words, just in finding out what is going on.
What is going on is frankly none of your business. Our financials are public, you can monitor those.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 17:47:00 -
[118]
Originally by: RAW23
Is that really the best you can do?
Is the best you can do asking me if this is the best I can do or labelling my responses as the worst ever? Simpson much?
It would be a dumb **** like you that creates an account in a bank that has suspended all activity, on par with your level of brain activity.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 19:12:00 -
[119]
Originally by: leona starfire
1. Is e-bank still wanting to recover the full 2.1T before paying back at 100%? or are you considering paying 100% out once you reach the 100% rate of the API accounts?
Our plans haven't changed since the previous two announcements.
Originally by: leona starfire
2. Would it be possible to have a simple update every 3months of the following profits made over each 3 month period with time to expected recovery?
No, you can use the public financials to judge our progress.
Originally by: leona starfire
3. I am considering creating an IPO
Congrats, but no.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 19:25:00 -
[120]
Originally by: Dzil
I'd say [insert short joke here], but I don't want Ray/AC taking off their pants.
Hey man, it's no secret.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 20:09:00 -
[121]
Originally by: Weight What
competence
Competence doesn't bear comparison when the previous management managed to lose 1.2t ISK to who knows where. Don't confuse me being a ****er with incompetence.
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Ray McCormack
Nordar Innovations.
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Posted - 2010.03.17 20:16:00 -
[122]
Originally by: Weight What
assuage the angry public?
It's not my job to satisfy the public's interest further, there are public financials - that is all they will ever get, and it's enough.
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