Pages: [1] 2 3 :: one page |
|
Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.12 01:01:00 -
[1]
Edited by: Brock Nelson on 12/03/2011 01:02:47
T2 Technologies Unlimited Initial Public Offering
*Purpose *Voting Result *Amendment 1 û InvestorsÆ Responsibility *Amendment 2 û IPO ManagerÆs Responsibility *Amendment 3 û Infusion of Capital via Loans *Amendment 4 û Changes in PI Business Plan and Request for Loan
Purpose The purpose of request for amendments to the original IPO document is to keep investors and future investors informed of request for changes and the reason behind the changes. Each change request will be voted into action after sufficient time is given for everyone to read and comment on each change request. The result of votes will be published.
For this amendment, there will be 1 week of discussion to allow everyone to review the proposed changes and comment on it before a 2 day vote on each amendment is started.
Each amendment will be posted separately to allow adequate room to edit each one over the course of the discussion.
End of Discussion Date: March 18th, 2011 Start of Vote: March 18th, 2011 End of Vote: March 20th, 2011
Voting Result
Amendment 1: 0% For/0% Against Amendment 2: 0% For/0% Against Amendment 3: 0% For/0% Against Amendment 4: 0% For/0% Against
All Shares Sold | Investor Relation |
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.12 01:02:00 -
[2]
Edited by: Brock Nelson on 12/03/2011 01:03:53 Amendment 1 û InvestorsÆ Responsibility Amendment:
Quote: Votes Any votes that are requested by the IPO Manager without any prior notification of the vote will be voted no.
Any votes that are requested by the IPO Manager with prior notification will be voted to the investorÆs discretion.
Sales of Shares Investors are free to sell their shares for whatever price they choose.
Reason: To clarify investorÆs role in this IPO.
All Shares Sold | Investor Relation |
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.12 01:05:00 -
[3]
Amendment 2 û IPO ManagerÆs Responsibility Amendment:
Quote: Changes to IPO Any proposal for changes in the form of request for loan, unlocking blueprint or sales of blueprint used for collateral and business plan will require 1 week notification to investors along with an explanation of proposed action. 1 week should be sufficient time for everyone to voice their questions or concerns regarding the proposed action.
When 1 week has passed, the IPO Manager will be allowed to start a 2 days vote for the proposal. After 2 days vote has been completed, if the majority has voted to pass the proposed action, the IPO Manager will enact the proposed action. If the majority has voted against the proposed action, the IPO Manager will not enact the proposed action.
Lockdown of blueprints votes will not be subjected to notification or 1 week wait period as it is assumed that every investor will approve the lockdown of blueprints.
Dividend Payments IPO Manager must payout dividend payments on the 1st of every month. If there is a reason that dividend payment is late, the IPO Manager must notify within 2 days of the due date along with a reason why the dividend payment will be late as well estimated dividend payment date.
T24U Assets IPO Manager must maintain list of T24UÆs asset and liabilities.
Reason: To clarify IPO ManagerÆs role in this IPO.
All Shares Sold | Investor Relation |
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.12 01:07:00 -
[4]
Edited by: Brock Nelson on 12/03/2011 01:10:14 Amendment 3 û Injection of Capitals via Loans Amendment:
Quote: Loans 27b is available from Brock Nelson in the form of Loans. All requests for loans must be subjected to investorsÆ 1 week review followed by a 2 day vote to approve it. The following condition applies when acquiring loan from Brock Nelson:
1.Collateralized Loans will be 0% monthly interest payment. 2.Uncollateralized loans will be 1% monthly interest payment to be paid on 1st of every month.
Loans will be considered liabilities and will not dilute the dividend payments.
Reason: To provide an outline on how loans will affect T24U
All Shares Sold | Investor Relation |
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.12 01:09:00 -
[5]
Amendment 4 û Changes in PI Business Plan and Request for Loan Amendment:
Quote: Add 4 more characters to PI Production. It will take each character approximately 8 days to train for Advanced Command Centre on 5 planets. Each colony will be setup to have 18 Advanced Factories and 3 launchpads (2 inputs, 1 output).
This will allow T24U to add 360 factories to the current 550 factories already in production. The changes being proposed will add to the PI business plan in the following ways:
Coolant Production (1 Characters/90 factories) Electrolytes Price: 547.99 Water Price: 348.97 Coolant Price: 7,700.00
Cost Per Hour: 3,229,056.00 Profit Per Hour: 3,465,000.00
Cost Per Day: 74,268,288.00 Profit Per Day: 79,695,000.00
Cost Per Week: 519,878,016.00 Profit Per Week: 557,865,000.00
Net Profit Per Week: 37,986,984.00
Mechanical Parts Production (3 Characters/ 270 factories) Reactive Metals Price: 316.00 Precious Metals Price: 627.70 Mechanical Parts Price: 8,660.00
Cost Per Hour: 10,191,960.00 Profit Per Hour: 11,691,000.00
Cost Per Day: 234,415,080.00 Profit Per Day: 268,893,000.00
Cost Per Week: 1,640,905,560.00 Profit Per Week: 1,882,251,000.00
Net Profit Per Week: 241,345,440.00
Upon approval, training will begin for 3 characters (4th characterÆs training will begin shortly after the completion of the 3 characterÆs training).
The projected cost of purchasing material for the additional 2.2b, I am requesting a loan of 2.2 b @ 1% interest per month from Brock Nelson. The cost of the loan will be 22m per month and will bring in an additional ~1.1b per month in profit.
If approved, this proposal will go into effect for next period (April 2011).
Reason: Bring in additional profit, see above for numbers.
All Shares Sold | Investor Relation |
Kethas Protagonist
Protagonist Ventures
|
Posted - 2011.03.12 01:34:00 -
[6]
Sorry for bringing up semantics, but shouldn't most of the "profit" entries in Amendment 4 be "revenue" instead? It looks like you're accounting for some combination of import/export taxes, broker fees, and sales taxes, but not subtracting material costs.
You had me wondering why my own PI setup was underperforming so badly until I noticed it.
|
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.12 01:38:00 -
[7]
I was referring to Gross, which is why in the last line, its Net. But yes, you're correct
All Shares Sold | Investor Relation |
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.12 18:21:00 -
[8]
Edited by: Brock Nelson on 12/03/2011 18:22:46 Amendment 5 û Purchase Capital Component BPO Amendment:
Quote: Purchase and research the following capital component blueprint
Capital Armor Plates Blueprint1,162,089,720.00 Capital Capacitor Battery Blueprint1,032,242,400.00 Capital Construction Parts Blueprint904,944,600.00 Capital Drone Bay Blueprint785,051,640.00 Capital Power Generator Blueprint1,224,056,880.00 Total5,108,385,240.00
The additional component blueprints along with the current library will be sufficient to support copying of 5 carrier and 2 dreadnought bpc pack every 28 days.
Value of Dreadnought pack
Moros175,000,000.00 Revelation175,000,000.00 Total350,000,000.00 Year4,550,000,000.00
I am requesting a loan of 5,108,385,240 from Brock Nelson at 0% interest per month.
This amendment will increase dividend payments by approximately 1.0% or 379,000,000 per month.
Reason: The current blueprint library and available copy slot is sufficient to support copying of 5 carrier pack every 28 days. 2 of the Dreadnought blueprints (Moros and Revelation) is in its final 2 month research; the need has arise to purchase additional blueprint and facilities to support the additional Dreadnoughts copying and thus bring in additional profit at no cost.
Investor Relation | IPO Doc |
Dethmourne Silvermane
Gallente Northstar Cabal R.A.G.E
|
Posted - 2011.03.14 17:53:00 -
[9]
Originally by: Brock Nelson Edited by: Brock Nelson on 12/03/2011 01:10:14 Amendment 3 û Injection of Capitals via Loans Amendment:
Quote: Loans 27b is available from Brock Nelson in the form of Loans. All requests for loans must be subjected to investorsÆ 1 week review followed by a 2 day vote to approve it. The following condition applies when acquiring loan from Brock Nelson:
1.Collateralized Loans will be 0% monthly interest payment. 2.Uncollateralized loans will be 1% monthly interest payment to be paid on 1st of every month.
Loans will be considered liabilities and will not dilute the dividend payments.
Reason: To provide an outline on how loans will affect T24U
Please confirm you're offering uncollateralized loans at 1%/month in the amount of 27b. If so, I'd like to take you up on that and refinance the entirety of my other outstanding loans.
|
Lando Antilles
|
Posted - 2011.03.14 21:31:00 -
[10]
Originally by: Dethmourne Silvermane Please confirm you're offering uncollateralized loans at 1%/month in the amount of 27b. If so, I'd like to take you up on that and refinance the entirety of my other outstanding loans.
Brock, I hope you meant that you are offering loans to T24U from your personal assets, not that you're opening up a private building and loan.
Clarification, please.
|
|
Myra2007
Millstone Industries
|
Posted - 2011.03.14 21:33:00 -
[11]
To be fair: his investors don't read this anyway. If they did they probably would've had the mental capacity to realize how wacky his business is before investing.
I used to think this is a scam and still somewhat do. On the other hand the more he posts the more credence is given to a common theory: that he's simply a completely inept pretend businessman. Would fit well with his failed prior business and seemingly minuscule knowledge of the invention market.
|
Tutskii
|
Posted - 2011.03.14 21:49:00 -
[12]
Originally by: Myra2007 To be fair: his investors don't read this anyway. If they did they probably would've had the mental capacity to realize how wacky his business is before investing.
I used to think this is a scam and still somewhat do. On the other hand the more he posts the more credence is given to a common theory: that he's simply a completely inept pretend businessman. Would fit well with his failed prior business and seemingly minuscule knowledge of the invention market.
Care to elaborate on your reasoning behind that post? What are the problems with his business proposal, and or why would he be an inept pretend businessman?
Just curious
|
Corporal Punishment08
NosWaffle Nostradamus Effect
|
Posted - 2011.03.14 22:14:00 -
[13]
Originally by: Lando Antilles
Originally by: Dethmourne Silvermane Please confirm you're offering uncollateralized loans at 1%/month in the amount of 27b. If so, I'd like to take you up on that and refinance the entirety of my other outstanding loans.
Brock, I hope you meant that you are offering loans to T24U from your personal assets, not that you're opening up a private building and loan.
Clarification, please.
This. I would vote no to ammendments 3, 4 and 5 at this point, based partly on your EVE Gate status. Though I will look in to these ammendments a bit more when I have more time, it looks to me like you are wanting to loan T24U isk from the initial investment to loan out to others looking for loans in Amendment 3, and change how you will operate PI in amendment 4. Though I don't disagree with amendment 4, I think you should provide a proven profitable model for PI setup, and prove that you can do it. And I strongly disagree with amendment 3. But again, I will have to look in to things a bit more. _____________________________________ Real men corpse tank. |
Myra2007
Millstone Industries
|
Posted - 2011.03.14 22:25:00 -
[14]
Originally by: Tutskii
Care to elaborate on your reasoning behind that post? What are the problems with his business proposal,
You could for example look at his original business proposal. When he posted he didn't even have the numbers ready and was literally unable to make even ballpark estimates (after being asked about it) before further number crunching. I don't know about others but given that he has apparently a running business I would expect him to have those numbers already. I know I would have those numbers down by the time I ask people for money up to the very last isk cent and not only because people might want to know before investing but because it's natural work ethos for anyone who wants to be profitable.
Next let's consider the numbers he posted later in that thread. If you read I believe my second response in that thread (not the one where I say I could fabricate such a business proposal in something like 25m) you can see how I basically estimate for him how much the number of invention/production chars should net per month doing vanilla t2 mod invention as a bare minimum. I can back up every number I gave there and I'm not talking out of my ass. That number is like 2 times his lowball estimate. He basically answered that concern by saying that he has too much PI to do. Fair enough doing dozens of jobs every day isn't always an option (believe me I would know) BUT why are the characters then listed in his proposal as if they would be put to full use? Also later I asked what he's inventing and he said he's basically doing spr or similar. That's interesting because of all the different profitable invention targets small mods are really the worst when you have little time to issue a lot of jobs every day(which he said is the problem). Why is he not doing inventions with longer copy/invention/prod cycles but higher average profit per invention? That's simply the reasonable thing to do in that specific situation. You can make upwards of 2b with 100 inventions/month for example if you know wtf you're doing. And for me that's all a sign that he has too little knowledge of something that he should know very will with a total of 3 invention and 5 prod chars and a running business.
In the math4u (or whatever thread) he even asked (possibly jokingly - I can't tell) if the guy could find the most profitable item to invent. I would assume he has tools to do such research himself? I mean who wouldn't?
Let's also note that he made a pre-IPO discussion about potential security measures. He basically came to the conclusion that no perfect security exists and that he hence is not going to provide any security at all because it makes no difference. Sounds like a fallacy to me and that is if I'm in a good mood. Now to make matters worse he still tried to inspire the feeling of security by talking about how he locked his bpo's down as if that would actually mean anything and would not be completely contradictory to his aforementioned general stance on security.
Not fishy enough? I probably could go on but I'm hungry like a bear. Just look at this thread and this obscure loan thing. Whatever it is does it honestly look like it's in the interest of shareholders?
Also link to the other threads I mentioned: IPO and pre-IPO.
Originally by: Tutskii
and or why would he be an inept pretend businessman?
Just curious
In eve we're all pretend businessman as soon as we're doing any business at all. As for the inept part I think I've done my part. Now let me ask you: why in the world would you think this guy is legit? --
Originally by: Professor Slocombe
I will only buy tickets if the prize is your stuff and you leave Eve. Forever. You irritating self obsessed cretin.
|
Breaker77
Gallente Reclamation Industries
|
Posted - 2011.03.14 22:44:00 -
[15]
Originally by: Myra2007 seemingly minuscule knowledge of the invention market.
TBH, It's quite wise to act stupid to prevent others from cutting in on your profit
|
Misty McGinnity
Mystify Trading Company
|
Posted - 2011.03.14 22:51:00 -
[16]
Originally by: Myra2007 4000 characters of fail
His IPO got funded & business is underway, im afraid your trolling failed.
Why so mad? did you come up with a similar venture & didn't get funded, hence mad?
|
Myra2007
Millstone Industries
|
Posted - 2011.03.14 23:02:00 -
[17]
Originally by: Breaker77
TBH, It's quite wise to act stupid to prevent others from cutting in on your profit
Well, anything is possible I suppose. If you ask me he already worked wonders by getting that thing filled. I wouldn't be surprised if he walks on water next. I wouldn't be surprised if Jaro's notion of a "trainwreck waiting to happen" rings true either. But me and my popcorn are full of pleasant anticipation. --
Originally by: Professor Slocombe
I will only buy tickets if the prize is your stuff and you leave Eve. Forever. You irritating self obsessed cretin.
|
Tutskii
|
Posted - 2011.03.14 23:07:00 -
[18]
Edited by: Tutskii on 14/03/2011 23:07:29
Originally by: Myra2007
In eve we're all pretend businessman as soon as we're doing any business at all. As for the inept part I think I've done my part. Now let me ask you: why in the world would you think this guy is legit?
Asking for the rationale behind a statement does not mean that I either agree or disagree with the statement. Personally, I like Brock, and hang out with him every night in scc-lounge (give or take) but I am not educated enough on the issues, or invention, to make a judgement either way.
Rather, I wanted to have a different perspective and to know the basis of what you said, which you provided, as well as examples of what you said.
For what its worth, I have bought stuff from Brock in bulk, so I have a basis to say that he DOES T2 production. And he did mission his ass off to make his previous offerings successful (afaik), so I don't think he would be scamming. I don't know his NAV, profitability, or previous offering sizes, so I can't venture a guess about how worth it it would be for him to scam this, or not, however. His investors think he would not, and that is ultimately what matters, I think.
Edit: Varo's statements in Brocks thread were lol as well.
|
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.15 01:02:00 -
[19]
The amendment regarding loans are between T24U and myself. Deth is trolling everyone.
How I want to spend the 27b will be left to my discretion.
Investor Relation | IPO Doc |
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.15 01:21:00 -
[20]
Originally by: Myra2007 Edited by: Myra2007 on 14/03/2011 22:36:09
Originally by: Tutskii
Care to elaborate on your reasoning behind that post? What are the problems with his business proposal,
You could for example look at his original business proposal. When he posted he didn't even have the numbers ready and was literally unable to make even ballpark estimates (after being asked about it) before further number crunching.
Frankly, be glad I gave any number. I would think that the lowball would be acceptable for the invention portion of the business plan because if I gave a highball or between and it doesn't perform as I estimated, how would I answer that?
The t2 modules that I listed in the other thread was just a small part of the picture. I'm not about to give away my secret, so why would I allow others to dilute my market share?
Your post just reeks of an idiot who's looking for a reason to validate his existence. And don't think that I will read any more of your garbage post.
Investor Relation | IPO Doc |
|
Myra2007
Millstone Industries
|
Posted - 2011.03.15 02:22:00 -
[21]
Originally by: Brock Nelson
Your post just reeks of an idiot who's looking for a reason to validate his existence.
That awfully sounds like an ad hominem. Did I hit home?
Originally by: Brock Nelson
And don't think that I will read any more of your garbage post.
Garbage as in unsubstantiated? I beg to differ but welcome to a public forum where I am free to post whether you're interested in reading or not.
|
Dethmourne Silvermane
Gallente Northstar Cabal R.A.G.E
|
Posted - 2011.03.15 04:09:00 -
[22]
Originally by: Brock Nelson The amendment regarding loans are between T24U and myself. Deth is trolling everyone.
How I want to spend the 27b will be left to my discretion.
If you'd gone along with it for a post or two it would've been funnier.
|
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.18 03:26:00 -
[23]
Vote has started and will conclude on March 20th.
For the record, I've voted my shares for Amendments 1, 2, 3, 4 and against 5.
My reason for voting against Amendment 5 is mainly because of Corporal Punishment's assessment that I need to prove that the business model for the Capital BPC pack works first.
Investor Relation | IPO Doc |
Lando Antilles
|
Posted - 2011.03.18 03:38:00 -
[24]
Originally by: Brock Nelson Amendment 1 û InvestorsÆ Responsibility Any votes that are requested by the IPO Manager without any prior notification of the vote will be voted no.
This means that if you propose a lockdown vote w/o warning me I *should* vote no? unintended consequence, clearly. I get what you mean.
|
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.18 03:41:00 -
[25]
"Lockdown of blueprints votes will not be subjected to notification or 1 week wait period as it is assumed that every investor will approve the lockdown of blueprints." was copied from Amendment 2 to Amendment 1.
Investor Relation | IPO Doc |
Lando Antilles
|
Posted - 2011.03.18 03:57:00 -
[26]
under amendment 2,
I think it would be adviseable that you make a google docs spreadsheet with the info. instead of making a watered down publicly available version, I would prefer a more detailed accounting that's limited access (you could ask majority shareholders for their emails to invite them).
Is that what you were thinking? If not, then i need to propose an amendment to the amendment :)
Also, I'd suggest that you keep a word document (on google docs) that has all of the agreed upon operating rules in one place.
|
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.18 04:01:00 -
[27]
Originally by: Lando Antilles under amendment 2,
I think it would be adviseable that you make a google docs spreadsheet with the info. instead of making a watered down publicly available version, I would prefer a more detailed accounting that's limited access (you could ask majority shareholders for their emails to invite them).
Is that what you were thinking? If not, then i need to propose an amendment to the amendment :)
Also, I'd suggest that you keep a word document (on google docs) that has all of the agreed upon operating rules in one place.
The agreed upon operating rules or the IPO document is already stored on the investor relation website.
As for the detailed accounting information, I've already posted an example of what it'll looked like (Linkage). But of course, I'm always willing to make adjustments
Investor Relation | IPO Doc |
Lando Antilles
|
Posted - 2011.03.18 05:36:00 -
[28]
Good work then.
I am pleased w/ your responsiveness.
|
Misty McGinnity
Mystify Trading Company
|
Posted - 2011.03.18 06:11:00 -
[29]
does this mean i have to log in?
-Misty Stout investor
|
Brock Nelson
Caldari T2 Technologies Unlimited SRS.
|
Posted - 2011.03.18 12:15:00 -
[30]
Originally by: Misty McGinnity does this mean i have to log in?
-Misty Stout investor
You don't need to login to see both the report and the investor relation website. Although, you do need to have signatures enabled to see the link in my sig.
Investor Relation | IPO Doc |
|
|
|
|
Pages: [1] 2 3 :: one page |
First page | Previous page | Next page | Last page |