| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
SetrakDark
Caldari
DarkCorp Technology and Finance
   |
Posted - 2009.12.02 18:10:00 -
[1]
Edited by: SetrakDark on 02/12/2009 18:11:41
Pre-IPO Trading Pool NAV (PreNAV) + IPO Funds (IPO) = Post-IPO Trading Pool NAV (PostNAV)
PreNAV (x%) + IPO (y%) = PostNAV (100%)
Monthly dividend of a% of monthly profits paid as follows, starting from 1 month after IPO:
PostNAV1(pre-dividend) - PostNAV0 = monthly profit (MP)
Investors' total payout = ayMP
Cista's total payout = axMP
MP - axMP - ayMP = retained earnings (RE)
RE + PostNAV0 = PostNAV1 (post-dividend)
Repeat next month with PostNAV2 (pre-dividend) - PostNAV1 (post-dvidend)
axMP can only be put back in if the equity-stake is adjusted to reflect it, i.e. x increases and y decreases
|
SetrakDark
Caldari
DarkCorp Technology and Finance
|
Posted - 2009.12.02 22:58:00 -
[2]
The actual dividend should have been 4.99m per share. Due to not understanding how equity works (admittedly the bastardized MD version, but it retains the basic payout concepts), Cista calculated a dividend 2.5 times too big. Investors are getting a better deal, and Cista seems fine with the arrangement.
However, some system for buybacks should be concluded or things will get messy. Since there is no fixed end-date, people are buying 10m a month for as long Cistra wants to. As this is very indeterminate, they need a solid buyback value. 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.
As far as I can tell as of now, another auction would result in a clusterfuk, but I'll put some thought into it.
|
SetrakDark
Caldari
DarkCorp Technology and Finance
|
Posted - 2009.12.03 00:09:00 -
[3]
 Originally by: Cista2
Buyback value will from now on be the average of auction prices (as stated in post 5 - forgot to mention in OPs).
So current investors could potentially lose almost all their bonds' face value? Or the next round of investors could start off with a negative face value if some moron puts the auction total over 4b?
The current investors are lucky your intentions are good. I hope their luck holds. Anyone who invests next round better pray that someone with money isn't stupid.
|
SetrakDark
Caldari
DarkCorp Technology and Finance
|
Posted - 2009.12.17 01:09:00 -
[4]
Edited by: SetrakDark on 17/12/2009 01:11:22
Originally by: Cista2
Originally by: Ballet
945 Mil sent to Cista2.
Transaction completed.
Cash received.
Originally by: Hippopotamus Rex
Why would you care if it looks fishy? Especially to the point that you are willing to be audited - I assume the whole point of the alt is to keep your main anonymous. Cista should be the only one who cares if the auction looks fishy. To be honest, the fishiest part is that statement.
Because I was being considerate of how it appeared? Regardless, an alt is a pain in the ass, so i've dispensed with it.
|
SetrakDark
Caldari
DarkCorp Technology and Finance
|
Posted - 2009.12.17 01:34:00 -
[5]
I am still selling an undisclosed number of my 31 Jidsale shares. Same terms.
-Proof of purchase:Linkage That's me, unless I log on my alt and post otherwise, which would be psychotic.
-The rate will be 60m/share, no exceptions
-Purchases can be public or private
Acceptable exchange methods:
-professional 3rd party at your cost
-trusted MD member/free 3rd party (someone looking to establish themselves as a professional 3rd party)
-Send me the ISK 1st
-I send the shares 1st if you have a substantial established reputation (in my mind). If you're not sure, ask
Even at 60m these shares offer the best rate of return on MD.
|
SetrakDark
Caldari
DarkCorp Technology and Finance
|
Posted - 2009.12.17 03:57:00 -
[6]
Transfer confirmed. 21 shares left. Might as well say I'm selling them all. I didn't want to flood the market, but these are going so fast that it doesn't matter.
|
SetrakDark
Caldari
DarkCorp Technology and Finance
|
Posted - 2009.12.17 05:50:00 -
[7]
5 shares transferred to nouva, 300m paid right after.
16 shares left.
|
SetrakDark
Caldari
DarkCorp Technology and Finance
|
Posted - 2009.12.17 19:13:00 -
[8]
13 left
|
| |
|