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Block Ukx
Forge Laboratories
   |
Posted - 2010.07.28 20:40:00 -
[1]
BSAC Stock Exchange (BSE) û Over 100,000 Hits and 236 Billions in transactions
Since we started keeping track of the number of hits in our exchange website, we now have over 100,000 hits!
Over 236 Billion ISK has been transacted without a single ISK gone missing.
BSE is the only real-time exchange in the Eve universe. Trades occur instantly and best of all there are no trading fees. Join today.
New Fund Approved
TITANS4U has been approved for trading. Register your shares today and commence trading.
Mutual Funds
We are looking for Fund Managers. Create and manage your own Fund within the exchange. Contact me if you think you have what it takes to launch and manage your own mutual fund.
Stock Listing
You think you have a hot stock that would like to see listed in the Exchange? If your stock meets the minimum requirements, then register your stock and start trading in the Exchange; is that simple.
Any Questions?
DonÆt hesitate to ask questions in this thread.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.07.30 00:34:00 -
[2]
 Originally by: Smelly Bait
how does it work?
It's very simple. Open an account, then begin trading. You can create as many Buy/Sell orders as you like. There are no trading fees.
Details can be found under our Information Desk menu.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.07.30 02:48:00 -
[3]
Originally by: Patri Andari
How would being involved in this fund help me as a:
1.Miner
2.Producer
3.Trader
4.Pure Investor
The Exchange is geared towards people interested in profiting from trading in the secondary market. It offers a place for investors to trade shares in real time. A novel feature of the Exchange is the stock splits, which allows people with a smaller budget to invest in the secondary market.
As for benefits to miners, producers, and traders, the Mineral Indices serve as a guide to regional mineral prices. We also offer an ore income page to help miners determine the most profitable ore to mine.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.07.31 01:08:00 -
[4]
I'm looking for one share of TITANS4U for the Exchange so I can track dividends. Please contact me if you don't mine selling me one.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.07.31 01:23:00 -
[5]
Originally by: Breaker77
You now have 1 share  Consider it a donation for all your hard work.
Your donation is greatly appreciated.
Thanks!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.02 23:53:00 -
[6]
Originally by: Netherfiend
... now that LyII is closing down,
do i need to sell my shares back ?
No. A liquidation payment has been made. Those shares are now obsolete.
Originally by: Netherfiend
I see an buy order in your exchange but i believe the liquidation was completed ?
All orders have been terminated and trades made after liquidation payment were reverted.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.03 00:46:00 -
[7]
Originally by: Vaerah Vahrokha
Could you please expand a little about mutual funds facilities you implement, costs etc?
The basic idea is to have a Mutual Fund manager trade shares that are listed in the Exchange. The Fund manager will decide the name of the Fund, its size and outstanding shares, what to invest in, when to pay dividend, managerÆs fees, etc. The Exchange simply provides the tools necessary to accomplish these tasks. ShareholderÆs list, NAV, ISK dividend form, etc, is all integrated within the Exchange.
At present, BSAMT is looking for a fund manager. BSAMT is a mineral index mutual fund, so itÆs limited to index shares.
We are interested in having at least one Mutual Fund manager to test our system.
At this stage, there will be no cost associated with creating a Mutual Fund. However, we would like no more than two managers at this time.
Originally by: Vaerah Vahrokha
any chance to being able to convert those mutual funds into ETFs?
Perhaps at a later time, once the fund manager tools are debugged.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.04 00:17:00 -
[8]
Originally by: Redshift XIII
I just wanted to make sure I didn't screw up ;)
ISK recieved and account details sent.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.04 02:57:00 -
[9]
Fund in Development
New Horizon Investments Mutual Fund
Ticker: NHIMF
Manager: Skarii TuThess
ETA: August 06, 2010. Have your accounts ready for the weekend!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.06 01:47:00 -
[10]
Originally by: Scott Callari
Hi Block,
I am really interested in investing but I am not really that familiar with how exchanges work as far as how money is made.
My main interest at first would be your mutual funds but I am a bit confused by how I would make money from the investment. Is there some pay out that occurs on a specific day according to how many shares one has? Part of my confusion is I am still learning exactly how shares work in game as well.
Thanks and sorry if this is a nub question.
Scott-
The Exchange works very similar to the Eve Market, except that you sell and buy stocks. Just like the Eve Market, where individuals make money from trading items by buying low and selling high, you can make money by trading stocks in the Exchange.
In addition to the potential earnings from trading stocks, most stocks pay dividends and increase in value over time. Therefore, it is not completely necessary to trade stocks in order to make money. Some investors simply purchase stocks and hold on to them for their dividends.
Some stocks are good for trading, others are good for dividends. You will need to research each stock and determine which trading style best suits you.
Investing in stock involves two types of risk. One is scam risk, where the stock CEO goes missing after selling you the corporation shares. The second is investment risk, which is determined by the type of business the corporation does. So it is very important that you do your research before investing.
Mutual funds are ideal if you want a broad investment. Typically, a mutual fund invests in various stocks and its dividend payment comes from its stock portfolio. Your dividend payment will be based on the number of shares you own relative to the total number of outstanding shares.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.06 01:59:00 -
[11]
Originally by: Azelle Storm'Eye
Greetings Block
It looks interesting, but I was wondering.
Is it possible to see how many shares have been traded and to what price on the different shares for sale, like we could on RESX.
A "Recent Trades" history of the last five trades has been added. Is that what you were looking for?
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.06 19:30:00 -
[12]
Originally by: Block Ukx
Fund in Development
New Horizon Investments Mutual Fund
Ticker: NHIMF
Manager: Skarii TuThess
ETA: August 06, 2010. Have your accounts ready for the weekend!
IPO SOLD OUT!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.09 21:30:00 -
[13]
TITANS4U issued a dividend of 217.54 ISK per share.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.09 21:47:00 -
[14]
Originally by: Estel Arador
Originally by: Block Ukx
TITANS4U issued a dividend of 217.54 ISK per share.
To prevent confusion, I think it would be best if you'd specify that this concerns the 1/100th shares on BSAC and not the ingame shares.
Yes, very good point. Registered shares have a stock split of 100 registered share per in-game share to allow higher volume and more economic trading. Current - bid: 12,025 - ask:12,975, so no need to spend millions if you want to venture into the secondary market.
For details visit the TITANS4U Exchange page.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.12 19:16:00 -
[15]
We are currently developing new features for the Exchange:
- Savings
- Credit Rating
- Short Selling Minerals
ETA Mid-September
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.15 02:06:00 -
[16]
IMPORTANT
I'll be away with no access to eve and until August 26. Poison will be taking care of the Exchange during my absence. You should contact him directly for deposits. No new accounts will be created till my return. Poison will process all withdraw requests.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.29 18:25:00 -
[17]
Everything is back to normal. We will be adding a "Cash Reserve" option for investors to gain interest on deposited ISK.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.30 19:05:00 -
[18]
Originally by: LeonessDarkpaw
What will this cash reserve option mean?
You will be able to transfer ISK from your account wallet (ISK Available) into a Cash Reserve that will earn interest daily. A large part on the Cash Reserve will be managed by Poison (BSAC BOD Chairman). Part of the Cash Reserve will be used to provide liquidity for the upcomming short selling. Interest rates around (1% - 3%) to be determine.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.08.31 01:20:00 -
[19]
Originally by: LeonessDarkpaw
What safe guards will be in place since poison will involved and does he have any experience? 3% is not bad and I assume isk can be withdrawn at anytime?
Thank You
As with any investment, there are no ôsafe guardsö in place that would prevent a scam or lost of ISK due to poor management. However, I will oversee the Cash Reserve management, followed the progress via API software, and prepare a monthly report.
Poison has extensive experience in trading and manufacturing and I have no doubts that he will be very successful at managing the Cash Reserve. About 40% of the Cash Reserve will remain 100% liquid, while the rest will be used in short and long term projects. The exact distribution will be published in the monthly reports.
In addition, Poison is heavily invested in BSAC, is the chairman of the Board of Directors, and the designated Trustee of BSAC in the event IÆm not able to return to Eve.
ISK in the Cash Reserve can be withdrawn at any time.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.01 00:37:00 -
[20]
Originally by: LeonessDarkpaw
When will this be taken into effect?
Release date is Mid-to-Late September. Right now IÆm testing the code.
Originally by: LeonessDarkpaw
Will this isk include divs paid on electrionic shares that are in the web site?
No. Dividend payments on registered shares are deposited into the main account wallet (ISK Available). You will need to login and transfer the ISK from ôISK Availableö to ôCash Reserveö.
Originally by: LeonessDarkpaw
Is the rate caped at 3% can it go higher?
Interest rates will be variable and eventually caped at a ¦ 0.2 % monthly change. The idea behind the variable rate is twofold. One to ensure the Cash Reserve remains profitable, and second, to control the amount of ISK in the Cash Reserve.
Originally by: LeonessDarkpaw
What if someone wants to withdraw like 50b isk? I would assume there would be some kind of delay for cashing this type of amount?
As always, l recommend people to contact me ahead of time if you plan a large withdraw so we can sell our assets. Since 40% of the assets will remain highly liquidable (20% ISK and 20 % short-sell), I would suggest to limit your deposit to 20% of the Cash Reserve NAV.
BSAC does have a ôPotentially disruptive redemptionsö policy in place. BSAC reserves the right to delay payment off all or part of a redemption for up to fourteen calendar days if BSAC reasonably believe that a cash redemption would disrupt operations or performance or that the shareholder may be engaged in illegal trading. Please contact BSAC before you attempt to redeem a large ISK amount, you may avoid delayed payment of your redemption.
We have yet to delay any ISK withdrawal in our four years of operations.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.04 03:06:00 -
[21]
NEW Cash Reserve Open
ISK deposited in the cash reserve accumulates 0.000658% daily interests (approximately 2% monthly). Interest rates are subject to change monthly. Interests are paid after the end of the month. ISK removed prior to the PAYOUT day will not earn interst. There are no transfer fees.
Under Development
We are currently developing new features for the Exchange:
- Credit Rating
- Short Selling Minerals
Delisted
TITANS4U
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.05 01:37:00 -
[22]
Originally by: Ray McCormack
Originally by: Block Ukx
Credit Rating
Please don't implement this willy-nilly, the cool factor it may have for you is far outweighed by the damage it could cause the larger EVE market investment community.
The credit rating will be an internal number used to determine margin requirements and individual short selling interest rates. The higher your stake in BSAC the higher your rating will be. Also, the more short positions you close the higher your rating will be. If you fail to maintain adequate margins, or if we have to buyout your short position, then your rating will be decline.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.07 01:48:00 -
[23]
Originally by: LeonessDarkpaw
Hello,
I noticed you added on the web site cash reserve balance. I assume this is what the reserve has currently or what it needs currently?
Cash reserve balance is the actual balance of deposits in the Cash Reserve.
Login details sent.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.08 19:14:00 -
[24]
Originally by: Vol Jbolaz
Originally by: Poison
What char did you send the mail too. I recomend BSAC MMM or Block as the logs in the most with those.
I sent it to Block, on the 31st. He could be really really busy, I don't know ...
Yes, always busy. Reply sent. It is best to email BSAC MMM.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.09 00:22:00 -
[25]
Originally by: Kaaii
My site report from norton 360...
fyi..
Threat Report ...
I contacted the hostmaster and sent him your thread report. Hopefully they'll clean it up.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.12 21:55:00 -
[26]
FYI, Poison is doing a great job managing the Cash Reserve; already netting well over the required 2% interests.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.13 19:33:00 -
[27]
Originally by: Dichotomi
I would like to know if the exchange will be offering (and requiring from listed corps) any kind of prospectus on the stocks that are available?
i.e. I want to know what I am investing in before I do so.
We only list corporations that have published their business plan in the MD forums with a positive review, and are at least one month old. You should be able to find a link to their prospectus and/or their business plan in their respective Exchange page.
A new requirement is a full API key for review purposes.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.15 00:24:00 -
[28]
Originally by: Machete Visor
... For the liquid ISK portion that you hold on behalf of investors (I think you said 20%), who holds that ISK? Is it someone outside of the operation?
The idea is for me to keep 20% liquid ISK, and another 20% for shortselling. At this point, Poison is holding 95% of the Cash Reserve ISK and has been doing a great job multiplying it. He is the largest investor in BSAC and have no reason to beleive he will run with it.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.15 19:54:00 -
[29]
Originally by: Dalden V
Hi Block, some questions.
I can't seem to find a place on the website where the current value of the Cash Reserve is listed. Where should I click? :)
You also mention that Poison is currently heavily invested in BSAC. If he does decide to run off with the Cash Reserve, will his BSAC investments be liquidated to cover the loss, and are you able to make this total invested value public to assist in assessing the risk of investing in the Cash Reserve fund?
The Cash Reserve Balance is displayed in the "Home" page.
If he runs off with the ISK, yes, BSAC will confiscate his assets. I would not make his investment public; he can tell you that himself.
I would like to point out that Poison's BSAC investment will not be used as a collateral to cover any operational loss. So, please don't assume that the ISK is secure in anyways.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.15 20:16:00 -
[30]
Originally by: Dalden V
Oh, is the 3% interest Poison mentioned official?
Yes, for October.
September 2%
October 3%
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.21 21:48:00 -
[31]
Short selling release date will be postpone to Mid-October.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.23 02:35:00 -
[32]
Originally by: Vol Jbolaz
Have I been forgotten, or rejected?
Your Fund is now listed in the Exchange
New Fund
Odinsdagrting
Ticker: ODNDT
Manager: Vol Jbolaz
STOCK SPLIT 100 registerd shares per in-game shares
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.26 16:22:00 -
[33]
Trading its easy. Open an account Today!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.09.29 20:15:00 -
[34]
The new 3% savings rate will be effective October 1.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.01 21:52:00 -
[35]
October Interest Rate 3%
This morning, I found a bug in the code that recorded the PAYOUT interest. It's fixed now and PAYOUT interest recorded properly.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.02 01:20:00 -
[36]
Originally by: Kaaii
I just got back on the site after a bit of a break.
I have assets(?) in MRD MEGIF MEXIF ZYDIF, but can't seem to place sell orders, have I missed something?
1) Make sure you are on the correct website: http://www.bsacse.webege.com/exchange/index.php
2) You must login (Top menu).
3) You can view your assets under "MY ACCOUNT / BALANCE"
4) To place buy/sell orders you need to visit the stock page under "STOCKS" or "FUNDS". Buy/Sell orders is located in the right menu.
Contact me if you still having problems. Join our in-game channel BSACPUBLIC.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.02 15:31:00 -
[37]
Originally by: Kaaii
It seems I don't have a right menu any more....
Im running firefox Mozilla/5.0 (Windows; U; Windows NT 5.1; en-US; rv:1.9.2.10) Gecko/20100914 Firefox/3.6.10 (.NET CLR 3.5.30729)
I can send you a screen shot if needed. Is there a missing plugin perhaps?
I think you are in the stock summary page (right after you click STOCK in the top menu: http://www.bsacse.webege.com/exchange/stocks/index.php ).
You then need to select a stock page from the left menu. That will take you to the stock exchange page (for instance: http://www.bsacse.webege.com/exchange/stocks/index.php?id=ISOIF)
In there you will see the ORDER FORM in the right menu.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.02 15:37:00 -
[38]
Originally by: 49473
Cash Reserve
This IPO/Bond receives a A credit rating. This investment is/has Upper medium grade and is Investment Grade.
Nice!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.08 02:19:00 -
[39]
New Listing
Technetium 60 B Bond 6% interest
Ticker: PFBOND
Manager: PinkFish
Link: http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1396004
Collateral: 500,000 units Technetium
Bond can be purcahsed directly from PinkFish. Smaller volumes are available at the Exchange. Bond is fully tradable in the Exchange. All discussions regarding the bond should be done on the above thread.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.13 20:03:00 -
[40]
I'm looking for BMBE and EMFI shares to list in the Exchange.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.16 02:03:00 -
[41]
Cash Reserve near 50 B mark.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.16 13:49:00 -
[42]
Originally by: Claire Voyant
I cannot find any information on this product. Other posts have implied that there is a market risk, but nowhere does it says what this fund is invested in. Seems like buying a pig in a poke to me. Does the fund manager have a track record? How much of the 50B represents insiders?
Cash Reserve Information
The Cash Reserve is similar to a savings account, currently paying 3% in interests. You can deposit or withdraw without any fees. The only restriction is that, while interest rates are compounded daily, interests are paid at the beginning of the preceding month. Money withdrawn looses its accumulated interest for that month.
I have Poison's API key and I have been tracking his progress. He has consistently achieved well over the required 3% interest. I will continue to monitor the Fund to make certain it remains profitable.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.16 21:54:00 -
[43]
Originally by: Claire Voyant
You have not answered any of my questions.
Let me try again to answer your questions. I apologize for not giving you a full response.
Originally by: Claire Voyant
I cannot find any information on this product.
A description of the Cash Reserve can be found in this thread ([37], [39]) and in the Cash Reserve section of our website.
Originally by: Claire Voyant
Other posts have implied that there is a market risk, but nowhere does it says what this fund is invested in.
At present, 15% of the funds remain as ISK, the rest of the funds is vested in liquidable assets. The exact nature of the assets will not be revealed. The Fund is exposed mainly to asset value loss due to market volatility. The asset depreciation risk is mitigated by investing in various sectors of the market.
Originally by: Claire Voyant
Does the fund manager have a track record?
Poison joined BSAC in January 29, 2007, and it is currently the chairman of the Board of Directors. Part of BSACÆs success is due in part by his valuable contributions. He also successfully audited Proton PowerÆs Luck yourself into Isk. The venture was closed with a positive outcome to investors.
Originally by: Claire Voyant
How much of the 50B represents insiders?
Of the 50 B, about 24.75 B has been invested by the members of the Board of Directors.
Originally by: Claire Voyant
Seems like someone trying to startup a bank would expect a little more scrutiny.
The Cash Reserve may look like a Bank, but it isnÆt. It is more like a bond than a bank.
Originally by: Claire Voyant
In post #67 Block implies that the Cash Reserves has a market risk:
Originally by: Block Ukx
I would like to point out that Poison's BSAC investment will not be used as a collateral to cover any operational loss. So, please don't assume that the ISK is secure in anyways.
That statement was intended to highlight that there isnÆt any arrangement to liquidate PoisonÆs assets to recover losses. If the Cash Reserve proves unprofitable due to his losses, then it will either have to reduce interest rates or reduce its size.
Originally by: Claire Voyant
Is it so unreasonable to ask what is that market risk?
It is a very good question, but unfortunately there is no way for investors to asses that risk without me disclosing the FundÆs portfolio. The main risk is asset value loss due to price declines in the market.
Originally by: Claire Voyant
Or, to put it another way, under what conditions would depositors not get their money back? .
BSAC is committed to do its best to deliver withdraws promptly. However, BSAC has the right to cease an account and hold funds indefinitely if there is probable cause the account has been used illegally.
Originally by: Claire Voyant
I pointed out the old post because I thought it only fair to hold you and Block to the same standards you wanted to hold Ebank.
One thing I learned from that thread was that a major EBANK failure was due to improper record keeping. I have PoisonÆs API key and I do record all his transactions and keep backups of the data. I also make sure the reserve is profitable. So far I have been very impressed with PoisonÆs performance.
DonÆt hesitate to ask questions.
Regards,
Block Ukx
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.19 23:44:00 -
[44]
As described earlier, the Cash Reserve has a variable interest rate policy. The interest rate for November will remain at 3.00%
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.22 02:10:00 -
[45]
New short term bonds will be starting to appear this month.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.26 03:34:00 -
[46]
Trying to revive mineral futures. If interested in participating in futures please fill out the form:
Futures Form
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.26 22:53:00 -
[47]
Originally by: Vaerah Vahrokha
I am interested but you did not put any isotopes in the sheet and that was the market I was interested in.
Isotopes are a good idea. Perhaps will be added later.
Originally by: Vaerah Vahrokha
Also, minerals are in a perpetual run to lower value, are you going to introduce leverage to deal with it? Otherwise I only see an aborted futures market where everyone want to sell and no one wants to remain with overpriced contracts in his hands.
Yes, there will be margin requirements to accept a contract.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.27 19:27:00 -
[48]
Originally by: Vaerah Vahrokha
I was asking about leverage (the only way to exploit fluctuations in an otherwise monotonous market) not just about margin.
Leverage is inversly proportional to margin.
In the case of Futures, margin (M) will be the difference between the contract price (C) and the market price (P); M = ABS ( C û P ). Minimum margin will be 1% of contract price.
Leverage (L) is the ratio of the contract price and the margin; L = C /M.
As you can see, maximum leverage will be 100:1.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.10.29 20:46:00 -
[49]
Open an account with the Stock Exchange and invest Today!
BSAC Stock Exchange - The Place to Invest
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.03 20:07:00 -
[50]
October Financial Report
Please post your questions here.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.05 01:07:00 -
[51]
The Cash Reserve (CR) reached its liability limit and will not accept additional deposits until a new limit is approved. ISK deposited in the CR will continue to acumulate interests as usual. ISK can be withdrawn at any time.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.10 02:40:00 -
[52]
We are planning to increase the Cash Reserve liability from 50 B ISK to 100 B ISK.
Please post any questions, concerns, and/or criticisms.
Thanks is advanced.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.11 04:12:00 -
[53]
Expansion will take place in December.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.15 19:36:00 -
[54]
We are still alive!
Zydrine trading higher lately.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.16 02:52:00 -
[55]
BMBE made affordable by the Exchange!
For the first time, purchasing BMBE shares is less expensive due to the 1,000:1 stock split in the Exchange. While a single in-game BMBE share is currently valued at 115 M ISK, registered shares are priced near 115,000 ISK. Best of all, dividends are not affected by the stock split.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.18 04:12:00 -
[56]
BMBE shares instant hit!
The few shares placed for sale sold in less than a day. More shares coming soon.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.19 04:09:00 -
[57]
The Cash Reserve 50B Expansion will take place December 2nd.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.20 17:59:00 -
[58]
More BMBE shares available for sale.
|
Block Ukx
Forge Laboratories
|
Posted - 2010.11.21 01:51:00 -
[59]
Originally by: LeonessDarkpaw
Is it possible to reserve isk for the CR before next month?
Unfortunately no. However, make sure you have an account open and deposit ISK by Dec 1st, so youÆll be ready Dec 2nd.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.24 02:31:00 -
[60]
We plan to list ticker BSAC in the near future.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.27 01:56:00 -
[61]
Originally by: Tanaka Kharn
Edited by: Tanaka Kharn on 26/11/2010 15:45:26
Having probs with your site?
Edit) ah sites working great again. please ignore.
I have no control over the webserver. They claim to be up "99% uptime guarantee".
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.28 13:54:00 -
[62]
Originally by: Tanaka Kharn
- First what eve time will the cash reserve's liability be jumping up to 100 bil.
Around 01:00 eve time.
Originally by: Tanaka Kharn
- Should something happen to poison (hit by a train etc. or runs off with the 100bil) will his investment within the mineral reserve be used to cover his investors in the cash reserve? IÆm not talking operation lossÆs IÆm aware thatÆs just the risk of the investment.
The two situations, hit by a train and scam, will have a different effect on BSAC.
If he becomes inactive (hit by a train), he has told me to liquidate assets not related to BSAC that I have access in the corporation and use them to cover the Cash Reserve.
If he scams, depending on the mineral market, there might not be enough assets to cover the Cash Reserve. In addition, his investments with BSAC are not locked down, so he might chose to increase or decrease his investment. Therefore, the level of PoisonÆs collateral held by BSAC is variable rather than fixed. In case Poison scams, I would do my best to return the ISK back to investors as quickly as possible, but nothing in eve is 100% secured.
Originally by: Tanaka Kharn
- Will there ever be a buy back of mineral reserve shares or is the only opportunity to get out by selling to other traders?
Buy back of Reserve shares is guaranteed at 60% NAV (around 60,000 ISK per share). Most shares are traded to other investors. However, BSAC has bought shares off the market when we believe trading prices are too low.
Originally by: Tanaka Kharn
- Have you and poison ever been audited? Sorry to ask as I said IÆm new to all this.
IÆm currently tracking PoisonÆs wallet and journal via the API to ensure that he remains profitable.
I have never been audited by another player, but BSAC CSF assets are locked down in a shell corporation and accessible by several members of the BOD. I do internal audits on my books, or audit user accounts whenever a discrepancy occurs. The BSAC Exchange has its own auditing tool accessible to BSAC BOD and is 100% transparent to the BOD. Exchange fund managers have their own auditing tools. All FundsÆ assets are published monthly. The only thing I donÆt disclosed is the amount of minerals held by the Reserve.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.11.29 02:33:00 -
[63]
Deposits processed. New accounts will be issued tomorrow.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.01 14:23:00 -
[64]
The Cash Reserve will resume accepting deposits at 01:00 eve time Dec 2nd.
Less then 16 hours away
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.01 21:55:00 -
[65]
Originally by: Tanaka Kharn
Expectin a rush ?
Not a rush, but by the amount of isk idle, I think it will be filled fairly quick.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.02 01:19:00 -
[66]
The Cash Reserve is now accepting deposits.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.02 03:41:00 -
[67]
Originally by: Block Ukx
The Cash Reserve is now accepting deposits.
New cash liability reached. Therefore, the Cash Reserve will not be accepting aditional deposits. ISK will continue to earn interests and can be withdraw at any time.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.03 20:18:00 -
[68]
PFBOND closed at 1,123,600.00 ISK.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.07 01:21:00 -
[69]
Login details sent.
Not in the Exchange, don't invest!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.12 15:17:00 -
[70]
I was away on travel. I hope to give out those login details tonight. Withdraw requests have been proccessed.
NOTE: Take advantage of the under priced BSAMR shares for sale.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.14 01:34:00 -
[71]
I was away this weekend. Login details sent.
Cheap BSAMR shares sold out.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.17 02:31:00 -
[72]
Login details sent. Please contact BSAC MMM if you did not recieved your login details.
Not in the Exchange, don't invest!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.22 22:10:00 -
[73]
Login details sent.
Schedule Ahead
In preparation for the 2010 annual report, BSAC will close its books on Dec 27, 2010. The monthly report is schedule for publication Dec 28, 2010. Our yearly report will be published Jan 3, 2011. There will be no Exchange accounts created the last week of December.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.23 00:06:00 -
[74]
Originally by: RAW23
Can you explain why you are actively urging people not to invest in my bonds please?
Does the exchange offer any protection or guarantees against bonds or IPOs scamming or defaulting?
No, the Exchange does not offer any guarantees against IPOs scamming or defaulting.
However, the Exchange has served as a third party holding collateral against defaults, provided auditing services to some IPOs, prepared financial statements using the data collected via API, and verified the ventureÆs profitability.
The Exchange guarantees the accuracy of bond repayments, share liquidation, dividend payments, and historical information. It also offers a transparent environment for share and bond trading.
And the slogan ôNot in the Exchange, don't invest!ö is meant to encourage shareholders and CEOs to list in the Exchange.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.27 23:57:00 -
[75]
Dividends Issued by various BSAC Funds. Great month for PYEIF and MEXIF returning 17.4% and 15.2%, respectively.
Not in the Exchange, don't invest!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.28 20:12:00 -
[76]
Originally by: Kalrand
It's a one man operation, right?
No
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.29 00:28:00 -
[77]
Originally by: Kalrand
Is your operational structure detailed anywhere?
Borad of Directors
In addition, Poison is in charge of the Cash Reserve and CSF sales, Annabelle Horiz is in charge of NHIMF, and I do all the mineral trades and website development.
Fund Managers are welcome.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2010.12.30 03:49:00 -
[78]
December report published. Annual report scheduled for Jan 3rd. No new accounts till Jan 4.
Not in the Exchange, don't invest! |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.02 23:35:00 -
[79]
Cash Reserve Open. 3% Interests in January.
Not in the Exchange, don't invest!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.04 02:39:00 -
[80]
BSAC continues to be the leader in the secondary market, and the BSAC Stock Exchange remains the only real-time stock exchange in EVE available to pod pilots. A Cash Reserve was launched in September, which proved to be an instant success. With over 438 billion ISK transacted in the Exchange, trading shares has never been easier.
Read our 2010 Annual Report
Not in the Exchange, don't invest!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.05 00:53:00 -
[81]
Originally by: RAW23
Grats on the epic year!
Thanks.
Originally by: RAW23
à I'm afraid I won't support a service that advertises itself by making groundless attacks on other businesses and attempts to use its reputation to make life difficult for anyone pursuing a different approach.
The listing process is very simple and has no cost associated with it. There are no trading fees. However, the information about corporation dividends, shares traded, and number of outstanding shares is made available to the entire eve population via the Exchange. CEOs listing in the Exchange are making a conscious decision of becoming more transparent. Similarly, there is significant transparency with bonds listed in the Exchange.
I like my slogan. It reflects my personal opinion that not listing in the Exchange raises a red-flag.
Originally by: RAW23
Just to emphasise how nonsensical the slogan is, if any investor were swayed by it they would find themselves restricted to investing in only four businesses other than your various in-house stocks (two of the six listings haven't paid out any dividends in over a year, à
Interesting, and how did you noticed that ôtwo of the six listings haven't paid out any dividends in over a yearö?
This kind of information is readily available to anyone in eve via our Exchange. So listing does have its advantages. Avoiding listing in the Exchange is avoiding transparency. I have yet to hear any reasonable reason NOT to list in the Exchange.
Originally by: RAW23
à although I thought EMFI's CEO had reappeared some months ago - do you have any procedure for delisting dead stocks?).
Yes. For instance, TITANS4U was delisted from the Exchange.
Originally by: RAW23
An approach that I'm sure would be much more successful would be to simply remind all new bond issuers of your service by advertising it positively in their thread. It's a great service and deserves to be sold on its real merits.
This ôserviceö is available not only to CEOÆs but to shareholders as well. A shareholder can list a stock if the IPO/BondÆs business plan is posted in this forum with a positive feedback.
Listing in the Exchange does not guarantees against scams or defaults (nothing in eve does), but it does offer a level of transparency regarding dividend payments, share information, IPO/Bond information, and outstanding debts/payments that is not available anywhere else.
Nothing to Hide, List in the Exchange!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.05 03:26:00 -
[82]
Originally by: Kalrand
What I am referring to are the bonds and shares that are issued and managed using the in-game share system, such as CRCH, withdrawable from the exchange?
No. This has been discussed at length previously; only option is CEOs block withdrawals.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.06 01:39:00 -
[83]
Originally by: Thoraemond
My recollection is that at some point you advised that Nocx reserves were dwindling. What were the max and min Nocx holdings over the past year (measured in in units of Nocx, rather than value), and when were those extremes?
The Nocxium reserve peaked at 702 Million units by the end of January 2,010. We had our largest stockpile drop in October, with a net change of 274 Million units of Nocxium. Our lowest Reserve stock was in December (amount not to be disclosed at this time). Currently, we are targeting a fix Nocxium level, while we hopefully wait for the price to reach 800 ISK.
Originally by: Vaerah Vahrokha
- I have not found any interoperability facility. WoW had intrinsic internal API to fetch data, EvE got external API, BSAC got?
I know you requested such feature sometime ago, and I thought it was a great idea. Currently, BSAC got a few ôprivateö API request functions to fetch xml data. I think you have a clearly good idea of what sort of data you would like to fetch from the Exchange, and I would like to discuss with you the request format for testing.
I think implementing your NEISIN idea would work great for fetching Exchange data.
http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1441688
Originally by: Vaerah Vahrokha
- Free in everything. This immediately kills any future alternative exchange establishing a de facto monopoly.
I like the ôgoogleö and ôWikipediaö model, and I donÆt think they are ôa de facto monopolyö.
Originally by: Kalrand
What procedures do you have in place for the common investor, if they have a loss of confidence in your organization, but not in the underlying funds that they hold?
As I have mentioned before and have been discussed at length by others (Hexxx comes to mind), registered shares are a key component of a real-time Exchange. Registered shares cannot be withdrawn from the Exchange unless a CEO initiates a block withdrawal.
Investors would need to convince the CEO to execute a block withdrawal. Once the shares leave the Exchange, it is the sole CEO responsibility to return shares to its rightful owners.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.06 01:41:00 -
[84]
Originally by: RAW23
à it seems to me that these features provide more in the way of an easily accessible information service rather than actually increasing transparency à
Transparency is only achieved when the information is easily accessible.
Originally by: RAW23
à to a significant degree (compared to the transparency provided by audits, for instance, the transparency offered by the exchange would be marginal to my decisions to invest).
Typically, audits are done once before the Bond/IPO launches, and do not provide any information regarding continuing dividends, trading volumes, nor earnings per share. I donÆt rely on audits to make my investment decisions. The decision to invest is always a personal one.
Originally by: RAW23
As an investor the information on the exchange is great because it is consolidated in one place but it is not information that is unavailable elsewhere.
Again, I donÆt call it transparency if you have to dig under the rug to find the information you are looking for. And some information is NOT available elsewhere. For instance, earnings per share are only available to the shareholder and not to the entire eve population. Historical information is also hard to find.
Originally by: RAW23
If the exchange becomes the standard means for launching publicly funded businesses you will be in a position to deny a listing to offerings and make them non-viable. I would be interested to know whether you have planned any safe-guards looking ahead to the eventuality of the exchange becoming the dominant medium for investment transactions.
It is not the goal of the exchange to become ôthe standard means for launching publicly funded businessesö. A major requirement for listing in the Exchange is having a positive review of the business plan in the MD forums. Obviously, businesses shut down by the MD forums will not be listed. The power to deny listing in the Exchange will always remain within the MD community.
Originally by: RAW23
But are there any procedures for delisting in the more problematic cases where a CEO simply disappears and stops paying out without liquidating.
The Board of Directors has the power to delist a stock from the Exchange. We rely on the MD forums to decide whether or not to delist a stock.
Originally by: RAW23
Isn't there a risk that continuing to list shares like these long after the company has gone silent encourages people to buy in to something with no value?
Historical information is provided in the Exchange for investors to make their own decisions. Listing in the Exchange does not guarantee against scams or defaults; nothing in eve does.
Originally by: RAW23
à a silent business is a tricky matter but do you intend to keep these listings up indefinitely?
Since delisting has the most effect on shareholders, they can contact any member of the Board of Director and request a stock to be delisted.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.06 01:44:00 -
[85]
Originally by: Claire Voyant
I can't find any dividend info for the cash reserve.
Good point. The information is now available in the Cash Reserve page under the Information Desk.
Originally by: Claire Voyant
Also, I've noticed that the cash reserve has tripled in size since it was started. How does that compare to the size of the secured collateral.
There is no ôsecure collateralö. Currently, there is a 100 B maximum liability. Poison is vested 132 B in BSAMR, and his 31 B investment in the Cash Reserve is not taken into account for liability purposes. In addition, 20% is kept liquid to process withdrawals.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.06 14:30:00 -
[86]
Originally by: Kalrand
If I am correct, anyone can deposit shares, even if they are not the CEO, right?
Yes, anyone can deposit shares in the Exchange as long as the IPO/Bond meets the listing requirements.
Originally by: Kalrand
In the case of a CEO who takes a laissez faire attitude towards your exchange, do you have something in place for people who deposit when the CEO isn't involved?
No.
Originally by: Kalrand
Also, when Titans4U was delisted from your exchange, what happened to the shares you held?
The shares held in trust will remain in the custody of the Exchange. Shareholders will remain the owners of the shares, as is clearly visible in their account balance sheet.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.06 16:53:00 -
[87]
Originally by: Kalrand
So, in essence, you've stolen them at that point.
No. This point has been made very clear early on to everyone, and I will repeat it again:
Shares can only be withdrawn by the CEO via block purchases.
Originally by: Kalrand
So not only can they not trade their shares on your exchange (say for collector's value), they can't withdraw them either.
It is worthless to BSAC to hold on to shares that have no intrinsic value. It is impossible to withdraw 10 shares of TITANS4U because of the 1:100 stock-split. If anyone is interested in making a block purchases on de-listed shares they should contact the BOD.
I have always worked with shareholders to meet their expectations and go to great lengths to resolve their issues. Besides, it is worthless for BSAC to hold on to de-listed shares. If you have any issues regarding your investment in the Exchange, then you should contact the BOD.
Not in the Exchange, Don't Invest!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.07 03:53:00 -
[88]
Originally by: Vaerah Vahrokha
Yes I do, and I'd hate to waste my unbearably small free time to duplicate your work just to add some things.
If it's possible to work out something we can talk about I'd be glad to detail my ideas.
Ok. What is the best eve-time to reach you in-game?
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.08 04:05:00 -
[89]
BSAC Stock Exchange moving to a new location Jan 15, 2011.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.09 21:13:00 -
[90]
Originally by: Kaaii
To where?
We are moving from a free webhost to a paid hosting site. We are doing some final tests before we release the URL.
Originally by: Kaaii
Would it be possible to have a graph under our accounts for the things like stocks, Funds, etc? A performance tool I guess, with a time line of something like a year or so?
Yes, that is something in my list of things to implement. Adding new features is slow because of my limited time to code.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.10 00:22:00 -
[91]
Like I said before, the slogan represents my believe that if it is not in the Exchange, donÆt invest.
Nothing to Hide, List in the Exchange!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.10 00:32:00 -
[92]
To list in the Exchange, all it takes is a positive review in the MD forums and one share (which I pay for) to keep track of dividends and outstanding shares.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.10 20:09:00 -
[93]
Originally by: Kalrand
à what I don't understand is why you don't have all recent offerings in your exchange then.
BSAC doesnÆt have a share of all recent offerings. In case you missed it; to list in the Exchange, all it takes is a positive review in the MD forums and one share to keep track of dividends and outstanding shares.
Originally by: Kalrand
My major criticism with your group is that you restrict share "withdrawals" from the same people you encourage to "deposit" them.
I don't think this is as much a sign of laziness as it is an attempt to keep funds and shares within your closed system, where no one has any idea if there really is anything to back up all of the "account balances".
The restriction on share withdrawal has been in place since inception, and everyone is aware of it. I understand that you donÆt like it, but this policy was adopted to implement stock splits and to reduce administration load of the real-time stock exchange.
Share balances held in Trust are verifiable via third-party upon BOD approval at your own expense.
Before you continue on you relentless attack of my integrity, I suggest you stop for a moment and consider the viable options for a real-time stock Exchange. When we looked at creating an exchange, we considered the results of previous stock exchanges (EGSE and RESX), the reasons why they went out of business, and the work load associated with share transfers.
To create a practical real-time stock exchange, we addapted two concepts to EVE that we believe made a significant progress in the secondary market. One was share registration, and the second was stock splits. Registered shares are a key innovation towards a fully electronic stock exchange with minimal administration. It also allows for share dividends, fully automated ISK dividends, tradable bonds, and the creation of out-of-game shell corporations. Future projects include the development of share API, futures, and short selling, all which are missing in EVE.
Stock splits, which are almost impossible to do in EVE, and are essential for a healthy stock exchange. You no longer need 100,000,000 ISK to buy one share; you can easily invest with 10,000 ISK. With larger volumes and lower investment minimums you increase trading volume and player participation. In addition, transferring 100 M ISK share is risky and can end up costing the exchange billions.
Before launching the stock exchange, I participated in the previous stock exchanges, and spend hours transferring shares. I understand and know how dangerous and time consuming is to run a stock exchange where shares must be transfer manually. In a few occasions, I made transfers that could have cost me billions, but the investors were kind to return the shares.
The BSAC Stock Exchange offers pod pilots a unique alternative to investing in the only real-time stock exchange. It is an easy to use system where you can trade shares and place your own buy/sell share or bond orders. EVERY ACCOUNT HOLDER IS AWARE THAT SHARES CANNOT BE REMOVED FROM THE EXCHAHGE.
ISK CAN BE WITHDRAWN ANY TIME
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.11 03:30:00 -
[94]
Originally by: Kalrand
Let me be absolutely clear:
I believe your have mismanaged the funds currently under your management so that the only way you can stay afloat is to continually add to your assets under management.
That is an absolutely unfounded accusation that is an obvious attempt to smear my reputation. Your continued attacks show clearly your motive. I have no interest in discussing the matter any further with you.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.11 03:47:00 -
[95]
Originally by: Kalrand
Your right. There is no way to tell one way or another if your ridiculously opaque, largely two man operation is actually using 700+ Billion in assets in a responsible manner.
Except for the fact that you are always looking for more capital. At your size and your self proclaimed levels of "success" you should be able to generate any needed funds internally.
So prove me wrong.
I have no interest in discussing the matter any further with you.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.11 03:57:00 -
[96]
Originally by: Kalrand
Edited by: Kalrand on 11/01/2011 03:55:52
Originally by: Block Ukx
I have no interest in discussing the matter any further with you.
I can't decide which is a more pertinent comparison to this statement:
Originally by: Wizard of Oz
Do not arouse the wrath of the great and powerful Oz.
Originally by: Bernard "Bernie" Madoff
In today's regulatory environment, it's virtually impossible to violate rules.
edit: formatting
I have no interest in discussing the matter any further with you.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.11 04:23:00 -
[97]
Originally by: Kalrand
Originally by: Block Ukx
I have no interest in discussing the matter any further with you.
Since you refuse to respond to criticisms of the size and how you are running your organization, I think you may find the public money spigot turning off.
I have no interest in discussing the matter any further with you.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.13 00:47:00 -
[98]
No new accounts will be created between now and Jan 15. There will be a small interruption in service during the switch. Login will be disallowed in the old site while we do the move.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.13 01:28:00 -
[99]
The data is backed up. After the move, the old ulr will remain available for investors to make sure there hasn't been any issues during the transfer.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.14 21:22:00 -
[100]
The BSAC Stock Exchange will be moving to a new URL tonight.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.15 03:39:00 -
[101]
Edited by: Block Ukx on 15/01/2011 03:40:27
The BSAC Stock Exchange New URL
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.16 13:38:00 -
[102]
Edited by: Block Ukx on 16/01/2011 13:40:30
To clarify,
The 60% guaranteed buy-back only applies to BSAMR and BSAMT. This means you get 60% at anytime. However, remember investors have been getting share distributions and ISK dividends since inception.
MRD and Mineral Indices are 100% liquid - you get 100% of its current price.
BSAC CSF has no buy back. However, I have been buying them back at IPO price.
There is no withdrawal fee in any of the funds.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.19 21:08:00 -
[103]
We added a new feature to the Stock Exchange. Intrinsic price charts for the previous 30 and 90 days have been added to the Mineral Indices, MRD, and BSAMR.
We will be adding stock trade charts soon.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.21 04:35:00 -
[104]
Automatic Deposit coming soon!
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.21 22:40:00 -
[105]
Please keep this thread on topic. The purpose of this thread is for questions and announcements regarding the BSAC Stock Exchange.
Regarding the controversy,
BSAC has been running for almost Five years, and has been operating within its guidelines. We offer a variety of investment products; some of them are 100% liquid û no other investment in eve offers 100% liquid stocks. We had many zero coupon bonds and ventures successfully ended, and have collaborated with others on their own bonds. We managed the only real-time stock exchange (no trading fees). We publish the ore income table where prices are based on our regional trades. As the leader in the secondary market, we are planning to launch futures and short selling.
I have answered RAW23 questions within the limitations set by our policies and investment strategies. Certain information RAW23 requested cannot be provided without me breaching our privacy policy. While, RAW23 disagree with this policy, he has not labeled BSAC as a scam.
BSAC BOD has ALWAYS had an advisory role. This is not something new like some people may try to make. Although, IÆm the CEO, I have always followed the BODÆs decisions. In addition, the BOD has access to confidential Exchange records but is not at liberty to disclose any account/trade information.
I have no issues with people disagreeing with our policies, because it is useful. The BOD is working on a plan to address some of the concerns raised by the public. However, disagreeing with our policies give people no right to initiate a smearing campaign.
Post after post, Karland has shown that he is attempting to misinform the public. I would suggest researching Karland, and you may understand his obsession with labeling BSAC as ponzi scheme. He has been continuously trolling this thread seeking attention. I have no respect for his opinion and have already informed him that IÆm not interested in discussing anything with him.
Investing is a personal decision. If BSAC is not the right investment for you, then I respect your decision not to invest. You can join our in-game public channel, BSACPUBLIC. IÆm usually online 00:00 û 02:00 evetime.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.21 23:22:00 -
[106]
Unbelievable, now I have to prove to you that Kalrand is wrong.
And I wasnÆt aware that trade secrets must be disclosed. Is that your new rule? So if someone doesnÆt tell you how he makes money trading, then he is a scammer till he shows you his trade secrets? Good luck!
If you are in for a serious discussion then you need to do better than that.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.21 23:43:00 -
[107]
And who is going to verify this information? You? I wouldnÆt trust you with 10 ISK, let alone with the entire operation.
And stop lying about me not answering questions. Start reading.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 01:21:00 -
[108]
Edited by: Block Ukx on 22/01/2011 01:23:22
You prove my point that you are not reading what itÆs been posted. We are working on the audit, but it is not going to happen tomorrow. First step is to move BSAC CSF to a separate account, which we are doing right now.
Obviously, you have no interest in a serious discussion since you already made up your mind.
EDIT: Would you care to mention the trusted third parties you referring to?
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 01:34:00 -
[109]
Keep up your misinformation propaganda, and continue to lie.
You keep repeating the word ponzi, believing that if you keep saying it would become true.
It would be a current asset audit as it has been mention before.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 01:45:00 -
[110]
Let me be very clear as I don't want any more misinterpretations.
It would be a current asset audit, where only total NAV be disclosed, nothing less, nothing more. So it would be his best estimation of the value of the corporation.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 12:48:00 -
[111]
Edited by: Block Ukx on 22/01/2011 12:50:09
LE,
IÆm not surprised. So, you support groundless attacks and calling people scammers without a shred of evidence.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 14:05:00 -
[112]
Edited by: Block Ukx on 22/01/2011 14:05:49
Well, I disagree.
The accusations are groundless and my responses are not misleading and are within the limits of our privacy policy. LE, you are simply lying to the public about our balance sheets, director roles, and the audit. But again, I donÆt expect anything else from you, but groundless attacks. Where is your evidence?
All you have done is continue this propaganda, and the little respect I had for you is now gone.
And please, stop pretending that you can possibly know if someone is running a scam because IÆm not telling you confidential information.
So, go ahead and keep scream ponzi scam.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 21:01:00 -
[113]
Very funny. You got your answer; you just donÆt want to accept NO for an answer.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 21:54:00 -
[114]
You got an answer regarding liabilities in accordance with our privacy policy. You donÆt like the answer and therefore you are simply ignoring it. The information will not be disclosed no matter if you continue with your attempt at forcing your way into the information. I think I have being very clear and consistent as to what information we chose to disclose.
You keep asking a question about information that will not be disclosed, and then using this fact to turn things around and argue that IÆm not answering your question. I think you have lost your objectivity.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 22:27:00 -
[115]
Do you understand that the information will not be disclosed? Do you understand this was a known fact well before this thread started? Somehow this fact is not getting to you. Now you come here to ask a question you knew well ahead what the answer was going to be. The only numbers I can give you are the ones that have been previously disclosed.
You may fool people around but you are not moving this discussion forward. All you are doing is flaming this thread.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 22:47:00 -
[116]
What I find very dishonest is people coming here to ask a question of a fact that is well known and then pretend they didnÆt know. Our privacy policy is not to disclose account information. This is not something new. Our business is very transparent and if you think any other business out there give a better wealth of information, then go ahead and invest with them. IÆm not going to stop you. Perhaps you could tell people where to invest their money. Show them all those businesses that are so transparent like you claim. So come here and give your opinion. Tell me of all those great places to invest.
As for the slogan, yes I like my slogan. I wasnÆt aware I could not tell people my opinion in my own thread.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 22:55:00 -
[117]
You still didn't answer my question.
Tell people where to invest their money. Show them all those businesses that are so transparent like you claim.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 23:10:00 -
[118]
Go ahead and continue your agenda of labeling BSAC as a ponzi scheme. Somehow you don't find that misleading.
Originally by: Caldariftw123
Claiming "the full 700billion is what people should use" is blatantly incorrect because you cannot steal your own isk if you run off with it, so your own investments do NOT count.
Statements like that show how ignorant you are.
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.22 23:21:00 -
[119]
Originally by: Caldariftw123
Originally by: Block Ukx
Go ahead and continue your agenda of labeling BSAC as a ponzi scheme. Somehow you don't find that misleading.
Originally by: Caldariftw123
Claiming "the full 700billion is what people should use" is blatantly incorrect because you cannot steal your own isk if you run off with it, so your own investments do NOT count.
Statements like that show how ignorant you are.
.. so you are trying to tell us that you can steal your own isk? lol
That's laughable. The PUBLIC exposure does not include your own isk, that is pretty simple to comprehend.
Stop making a fool of yourself Block, anyone reading the thread can see the truth of what has happened here, you look either incompetent or worse a liar and continuing is just bad business sense. Answer the fundamental questions, get the audit.
Yes, you are so smart. Somehow you can prevent me from selling my own stake in BSAC. Hmmà
BSAC Mineral Market Manipulation (MinMa) Information Desk |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.23 15:46:00 -
[120]
ôhit by a bus contingency plan?ö
You mean as if I die?
- In that case Poison will be in charge of liquidating the company.
|
Block Ukx
Forge Laboratories
|
Posted - 2011.01.23 16:16:00 -
[121]
Edited by: Block Ukx on 23/01/2011 16:23:21
My current stake, in BSAC, as of 1/23/2011 11:00 AM EST is 25,099,649,273.98. That does not includes the 4 B I reserved in the new expansion.
I cannot disclose PoisonÆs stake due to our privacy policy.
Yes, your suggestion of a flagging system is a very good one and IÆm sure our current Exchange auditor will approve of it. IÆll talk to him about implementing this option. But I would like to remind you that IÆm the one doing the withdrawals, so it would be obvious to me if someone is trying to sell off his large stake, unless the character is sold as the account is tied to the characterÆs name. In addition, the BOD has complete access to everyoneÆs stake.
There are many other ways to abuse the system, and I donÆt think it would be a good idea to be advertising them in the forums. However, BSAC holds the right to cease any account if we have probable cause of wrong doing.
EDIT: About Poison the MR, he will be getting the entire MR and MR ISK via an item exchange. |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.28 00:31:00 -
[122]
BSAC Stock Exchange is the only real-time exchange in the Eve universe where trades occur instantly. Best of all, there are no trading fees. Join today!
Important Announcements
1) Automatic Updates: We added a new code to Exchange to do automatic updates using the API journal. At this time, the code will run once a day, but we hope to have it running every three hours after a few days. Please email BSAC MMM if you have any issues regarding missing deposits or withdrawals.
2) New Messaging System: We added a new messaging system to inform the user when a deposit and withdrawal request is processed. The messages will show in your ômy accountö page. We will no longer send emails after processing those requests.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.01.29 01:24:00 -
[123]
Deposits will be checked every six hours.
Login details sent. Please contact me if I did not sent your login details.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.07 22:07:00 -
[124]
Important
The in-game BSAC shares will no longer issue dividends. You must be return your BSAC shares to recieve your registered shares, or you will miss your dividend.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.08 04:15:00 -
[125]
Edited by: Block Ukx on 08/02/2011 04:16:54
This notice has been posted in the title of this thread, in the opening post of this thread, in our January Financial Report, In our public website, in the BSACSE, in our in-game channel BSACPUBLIC channel, in the company description, and emailed to shareholders via a corporation vote.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.08 04:51:00 -
[126]
Dividends will go into a Trust account and paid to shareholders when shares are returned.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.09 03:36:00 -
[127]
The next set of shares will likely be issued in mid-March.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.10 18:02:00 -
[128]
Remember to contact BSAC MMM for instructions on how to return your shares.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.12 01:16:00 -
[129]
Don't forget to turn in your shares.
New accounts created. Contact BSAC MMM if you did not recieve your login details.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.16 03:14:00 -
[130]
The API Journal is having some technical difficulties. As a result deposits might be delayed more than 48 hrs. See API Patch notes for details.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.17 03:44:00 -
[131]
Please, don't forget to turn in your shares.
New accounts created. Contact BSAC MMM if you did not recieve your login details.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.21 02:44:00 -
[132]
Please, don't forget to turn in your BSAC shares. Contact BSAC MMM for details.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.22 00:22:00 -
[133]
I have been very busy lately in RL, so I havenÆt done much coding. BSAC has several ventures that are all independent of each other. The idea is to start with CSF, then move to the rest of the ventures. The plan is very simple; make the corporation data available to everyone. The data will be posted in our website, and the Trustees role is to ensure that the posted data is correct. At this time the BOD are the trustees as they already have the API key to the CSF account. In addition, IÆm going to add some coding to do the financial reporting in the website. Again, since everyone has access to the corporation data, then anyone can verify that the financial information is correct.
The main problem at the moment is that there is no contract API. I believe ccp is working on this. Please donÆt hesitate to posts your ideas on this issue.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.22 19:40:00 -
[134]
The Cash Reserve is accepting deposits.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.23 01:16:00 -
[135]
The Capital Ships Fund (CSF), which was recently expanded, is part of BSAC.
The role of the API Trustees is to overview the corporation data supplied in the website. The data posted in the website should be sufficinet for anyone to perform their own audit, or they can chose to pay for someone else to do the audit. This will become more clear once the system is in place.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.02.24 02:40:00 -
[136]
The Cash Reserve is managed by Poison under the supervision of BSAC, and is currently caped at around 150 B ISK. Deposits in the cash reserve accumulate daily interests that are paid after the end of the month. Any ISK removed prior to the "PAYOUT" day will not earn interest. Interest rates are subject to change monthly. ISK can be withdrawn at anytime, and there are no transfer fees. An account is needed to deposit ISK in the Cash Reserve.
I process the deposits and withdrawals and I keep 20% of the Cash Reserve as liquid ISK. Large withdrawals can take up to 72 hrs to process, as it requires liquidating some of the CR investments. To ensure that we can pay 3% monthly, the performance of the CR is monitored by me via API custom-made software.
I audit BSAC in a regular basis and keep records of all the transactions to ensure that the financial information we publish is correct.
We plan to increase our transparency by deploying a new system where the corporationÆs data will be published in our website. We plan to publish enough information for anyone to do their own performance check, or you can pay someone to do the audit for you. If you canÆt find the information you need, then you should contact me so I can add it to the website. The data that will be posted in the website will be verified by the API Trustees. Currently, the board of directors is the designated API Trustee. We will invite trusted non-BSAC individuals, like Proton Power for instance, to hold the API key.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.05.12 01:52:00 -
[137]
Originally by: Kudlow N'cramer
But for the life of me I can't find info on how exactly I would register shares on the exchange and what that process would be like.
First open an account (send 1M ISK to BSAC MMM)
Assuming the stock is listed, to deposit shares, email BSAC MMM for instructions.
If the stock is not listed, then it has to meet some minimum listing requirements:
1) Published IPO in this forums
2) Recieved a positive review (ie sold-out is a positive review)
3) At least one share must be registered with the Exchange.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.05.13 01:00:00 -
[138]
Originally by: Kudlow N'cramer
According to your prerequisites, I have issue in-game shares via an IPO before I can give the appropriate amount of shares to BSAC for listing? What if those investors quit the game?
Which shares are you interested in listing?
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.05.15 00:36:00 -
[139]
Originally by: Lando Antilles
Originally by: Lando Antilles
Originally by: Khanid Voltar
Lastly if you run votes on your shares, they can be voted on by shareholders within the exchange functionality.
Did not know this was possible. So exchange shareholders are notified of corp votes and Block votes their proxy?
Block,
I'd appreciate a public confirmation or denial of the above functionality.
The functionality exist, however, it has not been used yet for share related votes. Part of the issue is that there is no vote API, so it would be nice if the CEO would email me ahead of time to post the vote before it is issued.
BSAC Stock Exchange - EVE's only real-time stock exchange |
Block Ukx
Forge Laboratories
|
Posted - 2011.05.18 01:08:00 -
[140]
Originally by: Ray McCormack
Originally by: Block Ukx
there is no vote API
Pull the Notifications API and look for typeID 25.
Thanks for the info. I will work on implementing this in the Exchange.
BSAC Stock Exchange - EVE's only real-time stock exchange |
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