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Cista2
Jita Direct Sale
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Posted - 2009.12.02 11:19:00 -
[1]
Jita Direct Sale (JIDSALE) is a trade house that offers a third option for selling in empire space. Manufacturers and traders coming to the major hubs now have the opportunity to sell to us, at a price that is inbetween the local sell order and buy order market prices.
This thread will hold your shouts of ôwant-to-buyö and ôwant-to-sellö Jita Direct Sale shares.
The November share auction was in this thread, which also has links to previous bonds, so go check that thread out. The sell price landed at 40.4 mil isk per share. Projected dividend per share was 3 mil isk per share per month. Actual dividend for November was 11.6 mil isk (see below)
IMPORTANT NOTICE As I announced in mid-November, this radical succes causes me to immediately transform the ôsharesö into ôperpetual bondsö, in order to put a cap on the expectations of this venture for the coming months (I will continue to call them shares though, because actual ingame shares from Jidsale corp is the item traded). From now on two important factors are changed: 1) Dividend will every month be 10 mil isk per share, regardless of company profits 2) There will be no more performance audits
A new auction of 100 additional shares will take place from December 10 to December 20. Independent of the auction, investors can use this current thread to trade shares among themselves. You can post here to state how many shares you wish to buy and the price you will give, or how many shares you wish to sell and at which price.
If you reach an agreement with someone, you have 3 options: a) Jidsale can handle the transfer for you û I will charge a 5 % fee. b) You can find another third party to do the transfer. c) You can do it directly from buyer to seller, if you trust each other. This is not generally recommended.
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Buy / sell Jidsale shares here |

Cista2
Jita Direct Sale
|
Posted - 2009.12.02 11:20:00 -
[2]
Report My personal NAV increased by 11.6 bn in November (from 2.1 to 13.7, confirmed by Kazuo below). The November dividend has just been paid out to shareholders based on this. Dividend was 0.1 % of my profits, it was thus 11.6 mil per share rather than the projected 3 mil.
The succes was partly due to speculations on 4-5 Dominion minerals, partly to my ongoing trade actvities running more and more efficiently, and increasing in scale.
Prospects The coming months will hold the following Jidsale trade actvities 1) Station trade / market control. I currently trade around 20-25 items at a time, and work hard to control the price on each. The scale of these ventures in terms of isk invested per item has increased dramatically in the past month û profit likewise. 2) Dominion speculation. Although I already sold most of my early stock, I will buy and sell some minerals continously, as the prices evolve towards equilibrium. 3) Jidsale clients. I still have some regular suppliers for the company, although Jidsale trade is now increasingly done by my 3 colleagues. 4) Investments. I am beginning investing in high-profit MD bonds and privately. 5) Other activities. I may purchase another account, start some manufacture or other experiments. This will not yield any profit atm.
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Cista2
Jita Direct Sale
|
Posted - 2009.12.02 11:21:00 -
[3]
Currently advertised by investors
Want-to-buy shouts: 20 shares at 60 mil - Alvodine (18/11) 1 share at 51 mil - Tylwyth Teg (10/11)
Want-to-sell shouts: none
Previous trades: (Auction: 7 investors bought shares for 40.6 mil per share) 10 shares at 60 mil - Einear Lightfingers sold to Tsang Chou (11/11)
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Cista2
Jita Direct Sale
|
Posted - 2009.12.02 12:07:00 -
[4]
Originally by: Kalrand This is now a bond with those changes. Oh, a bond with no maturity.
There is no maturity, because you can return the shares to Jidsale at any given time you choose. Buyback price is currently 36 mil isk. After next auction buyback price will be average of auction price for both auctions. In other words, if next auction price is 60 mil, buyback price will be 50 mil, also for the "old" shares. ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.02 14:20:00 -
[5]
Originally by: Teavan This doesn't seem very fair to your investors to me.
It's not, but we had that discussion already on the old thread and I have apologised for this change. None of the investors have been interested in selling their shares though. ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.02 16:18:00 -
[6]
Originally by: Hippopotamus Rex Can you please explain what is included in the NAV? ie How it is calculated? (Not interested in how things are valued or the tools used, just the formula)
I know that Kazuo uses EMMA. It takes in buy order, sell order, and stock - he can provide more details. The stock was actually valued pretty low.
I forgot to say that 4 bn of the profit came from the share sale. That is also why I am putting a cap on the dividend now: the share sale influences the dividends, and the high dividends increase the share price. It would be unwise to continue this spiral for several months, because share prices would skyrocket upwards until the day I stopped auctioning them - then they would crash. ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.02 18:04:00 -
[7]
Originally by: Hippopotamus Rex My advice
Things will remain as I decided in Mid-November. I have already paid dividends for November, and I am going to show my investors stability now, rather than more changes. ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.02 18:06:00 -
[8]
Originally by: Xaunt Rauber WTB 2 Shares for 100 million.
Is that 100 million per share, or 50 mil per share? ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.02 22:26:00 -
[9]
Originally by: Hippopotamus Rex And to offer them 90% of their money back if they're unhappy at the changes to the terms? I don't think thats right either.
*Sigh* The value of shares has been 150 % of auction price (60 mil/40 mil) since November 18. No investor has chosen to sell. ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.02 23:35:00 -
[10]
Originally by: SetrakDark If the buyback value is the original value, however, there will be issues with the next offer, as you will have two classes of bonds floating around, and they will have to be tracked.
Buyback value will from now on be the average of auction prices (as stated in post 5 - forgot to mention in OPs). ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.03 07:33:00 -
[11]
Originally by: SetrakDark ...your intentions are good.
Well thank you! You are a great judge of character Setrak.
Originally by: SetrakDark I hope their luck holds. Anyone who invests next round better pray that someone with money isn't stupid.
If anyone regrets purchasing shares I can still offer them buyback (- 10 %) right after the auction, that's not a problem at all. But once they have been deposited with the investor I will value all sold shares the same, since they don't come with a time stamp. ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.16 11:40:00 -
[12]
The December auction has ended. The share price was 44.4 mil isk per share, sold to 5 different investors (distributed after downtime).
200 shares are now in open trade, outside of my control Bid away! ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.16 17:20:00 -
[13]
Ballet, I have sent a mail to "Alt" asking for her to transfer 15 shares back to me. The cost would be 900 mil plus my fee of 45 mil. ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.16 22:14:00 -
[14]
Originally by: Ballet 945 Mil sent to Cista2.
Transaction completed. ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.22 11:05:00 -
[15]
Originally by: Zara Torbe How many shares left?
Setrak sold all her shares in another thread. RAW23 is currently selling 3 shares as you can see above.
I should declare at this point that it is unlikely that I well be auctioning shares again. The first sales gave me a fine boost, but I am an investor rather than investee now, and as my wealth accumulates, I don't see myself asking for funds in the new year.
Bad news for those expecting to purchase next month, but good news for those that already bought. The 200 shares that I sold should retain a high value - I have no plans of forcing a buyback. ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.22 13:41:00 -
[16]
Originally by: Nouva MacGyver - Get a proper outline or documentation of the rights (or lack thereof) that we're accorded with these shares?
Do you mean voting rights - there is no such authority included. This was pointed out in the first auction I believe.
Originally by: Nouva MacGyver - How often and to what degree can shareholders realistically expect of you in the form of reporting the state of your corporation's well-being and its ventures?
I will tell anyone who asks how it is going. I have a NAV of over 20 bn now (at least I think so, as just in cash I have 7 bn, and I keep very little cash ) and it's growing by the day. By this rate I will have 50 bn within a couple of months. I only station trade, so run no risks with industry ventures. Paying dividends will not be a burden.
Originally by: Nouva MacGyver - How much earlier can we expect news of any future changes to the current terms of the bond before it happens, if it is specifically intended?
I would like to point out that no change in conditions have been made to the shares you bought this month. Neither will any changes be made - the only "current terms" that apply to your shares is the dividend and buyback guarantee.
At some point in an unknown future there is termination if I e.g. leave the game - but as I said there is no such plans. If I wanted to force a buyback I would either announce it many months before or make sure that current shareholders would in no sense be able to lose money on their shares, i.e. I would match recent high sell prices.
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Cista2
Jita Direct Sale
|
Posted - 2009.12.22 13:51:00 -
[17]
Originally by: Nouva MacGyver - Get a consolidated list of all current public shareholders and the amount of shares each one now holds through your auction or the exchange of it afterwards, for ease of communication between shareholders as a common interest group?
Since the trades were all public, I don't see why not: 50Nouva MacGyver-5 bought from Setrakdark 31Ballet-16 bought by Ahalya, transfered to alt, 15 bought from Setrakdark 16Magnu 16Llu 16ArtemisSDS 14Omega Tron 10Tsang Chou-Bought from Einear 10Zephyrlin -Bought from Setrakdark 7Einear Lightfingers 4sexywalrus-Bought from Setrakdark 3Xaunt Rauber-Bought from Omega Tron 3Magnus Baltar 3RAW23 3Vasta Magna 3Roger Kiyosaki-Bought from Setrakdark 3InUrJita CheckinUrPrice-Bought from Setrakdark 3Zati Pasirga-Bought from Setrakdark 3Icylce-Bought from Setrakdark 2Signore K
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Cista2
Jita Direct Sale
|
Posted - 2009.12.24 09:35:00 -
[18]
Merry xmas everyone! Dividends coming up one week from now 
Just wanted to add to this:
Originally by: Nouva MacGyver - How often and to what degree can shareholders realistically expect of you in the form of reporting the state of your corporation's well-being and its ventures?
- that in order for the Jidsale share market not to disappear from the public eye I shall publish brief updates of my activities every 2 weeks or so.
You will hear from me again already at new years, I will make a 2010 share market thread. ----------------------------------------
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Cista2
Jita Direct Sale
|
Posted - 2009.12.29 15:20:00 -
[19]
Originally by: siNuskuRve Is anyone selling these shares atm?
Xaunt Rauber announced selling 3 shares at 70 mil on Dec 23. Try sending him an Evemail. ----------------------------------------
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