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Phil Reacher
Reachers Independent Traders
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Posted - 2011.06.13 17:08:00 -
[1]
I am a returning player to eve after a 4 year absence and I am considering releasing an IPO to create funding for a refining and manufacturing corporation.
This is one of the major things i wanted to do before i left eve but due to large amounts of scams and negativity in the forums at the time i decided against it.
I have always wondered how things would have gone had i released the ipo and how more interesting it would have made the game so now that i have returned i am just going to go for it.
From my previous time in eve i have a few researched BPO's all of which are still intact and so its with these i intend to start my manufaturing venture.
Dominix BPO ME 20
Vexor BPO ME 20
Atron BPO ME 20
250mm Railgun I BPO ME 50
Imicus BPO ME 10
Incursus BPO ME 10
Maulus BPO ME 20 PE 11
Iteron BPO ME 20
Iteron MKII BPO ME20
Iteron MKIII BPO ME20
Iteron MKIV BPO ME20
Iteron MKV BPO ME20
Small Tractor Beam I BPO ME 150 PE 150
Although these aren't the Mack Daddy of all BPO's i think they are a good start and i have already made some nice profit with the tractor beam BPO since my return.
The total market value of these BPO's is 633,194,000 ISK, this is base market price and does not take into account research done.
With regards to refining i have very high standing with the Federation Navy (effective standing of 8.45 so they take 0 units after refining) And i have high refining skills
Refining 5
Refining Efficiency 5
Scrapmetal Processing 4
The intention is to use invested capital to
a. buy in minerals and produce ships for sale. (self explanitory)
b. purchase items to refine for profit.
During my previous time in eve i had huge spreadsheets with refining results for modules and items.
I no longer have these but am in the process of rebuilding my information as i run missions and go through loot.
The intention with this part of the business is to either.
a. sell the resulting minerals for profit
b. use minerals in production (resulting in lower cost minerals and increased profits from manufacture)
invested capital will be split 70% to purchasing in minerals for construction and 30% to purchasing items to refine.
I also want this IPO to be affordable to newer players if they feel like cutting their teeth in world of shares with a low cost investment.
I have issued 10,000,000 shares with a launch value of 200isk each (like i said affordable to all) for a total of 2b isk.
I will retain 3,165,970 shares personally in return for the investment of the BPO's.
leaving 6,834,030 available for sale.
I intend to retain 25% of monthly profits within the corporation with regards to expansion and bpo purchase the remaining 75% profit will be paid monthly as dividends.
As of now this is not an IPO as i wish to test the water first and am hoping that those of you with more experience will have pointers for me.
If anyone has any questions, pointers or would like to reserve shares please leave a post or send me a mail or pm in game.
Phil Reacher
My Previous BPO Auction |
Hexxx
Minmatar
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Posted - 2011.06.13 17:51:00 -
[2]
Easier to do an IPO for a business which you've already demonstrated you can run, even at a small scale. Get some ISK, run the operation small scale, show that you know how to keep records, then launch an IPO.
Just my 2 ISK. 
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Velicitia
Open Designs
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Posted - 2011.06.13 17:57:00 -
[3]
reserving 2,5m shares (500m isk) pending audits.
what will the (approximate) dividends be?
When will they be dispersed (I'm assuming monthly)?
As you will need to use the BPO's for production, will they be held by a trusted third party (while allowing you access for the noted production) so as to limit the potential for a scam?
If things check out after the noted audits, and if you answer the questions sufficiently, I may reserve another 500k shares, for a total of 3m shares (600m ISK).
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Abdiel Kavash
Caldari
Paladin Order
Fidelas Constans
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Posted - 2011.06.13 18:43:00 -
[4]
If the BPOs are going to be held by a mutually trusted 3rd party, I'm interested in an investment in the realms of 300-500m.
---
 Originally by: Sporked
EVE IS DYING RUN TO THE HILLS! WE MIGHT HAVE TO ENGAGE WITH OTHER PEOPLE IN THIS MMO! THEY MIGHT SHOOT AT US WHILE WE ARE BUSY HOLDING HANDS AND FROLICKING! AAAAAAAAAAAAAAA
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Atima
Minmatar
House of Marbles
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Posted - 2011.06.13 19:04:00 -
[5]
I still don't see any reason for why you actually need the isk.
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Dethmourne Silvermane
Gallente
Saiph Industries
SRS.
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Posted - 2011.06.13 19:05:00 -
[6]
I'd be willing to sort you out with a corp to manufacture from (if you have a manufacturing alt you could join it on) with locked down BPOs so you could take out a bond against the BPOs, have them secured by a third party, and still build from them in the mean time.
Assuming your investors would find me suitable as third-party, of course (I just paid out 5b in a third-party role, so I don't see this as an issue).
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Phil Reacher
Reachers Independent Traders
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Posted - 2011.06.13 21:37:00 -
[7]
Firstly thank you for your replies and your input. You've given me plenty to think about and some alternative options.
Hexxx, yes i agree and unfortunately if i had the corporation transactions of my previous corps from years ago i could provide evidence of being able to do this.
Velicitia, Thankyou for the reserve pending audits. it was my understanding that bpo's would be held by the owning corporation under lockdown that could only be released by way of a vote.
This was the main reason for me ensuring that my share from the bpo's invested was below 50% so as not to be able to force a vote through on all investors and unlock the prints.
Abdiel (and also in reply to Velicitia) whilst i appreciate the fact that the eve community has been blighted by scams to the point that trusted third partys are involved. I would have to say that i'm not overly sure about allowing anyone access to those BPO's.
Lets be honest many of the big scams that have happened over the years have always been when a trusted person decides to go rogue.
Dethmourne. Thankyou for your kind offer and whilst i am interested in how this would work, i have no manufacturing alt, just my main which has the manufacturing, refinery and broker skills so i don't see that working.
Atima. Quite simply for materials to begin manufacturing and isk to put out purchase orders to get started. with refining
Yes i have BPO's and most ipo's launch to purchase them and manufacture, i am in the unique position of having the bpo's first but lacking the funds to invest in a decent amount of production. Sure i have enough to stick a domi together and a few other ships but then i'ts going to take a really long time to get up and running to even come close to the potential that i believe this has.
One of the main reasons i wanted to do this was to turn around and say yes i run a great business within eve, i make a ton of money and i have happy shareholders.
I don't know if you remember O'Mara Shipyards, run by one guy, in the end at least up to the point when i stopped playing his profits were huge along with his dividends and he started off pretty small.
I've PvP'd, ran missions, run a POS with research labs but nothing comes close to the enjoyment i get from making a bucket load of cash on the markets by refining or manufacture.
I want to run a company that people love having shares in, get a great dividend monthly compared to their initial investment and where i can take pride in posting monthly reports here however i'm not sure i want to do it at the cost of handing the only real assets i have into the hands of someone else. (locked down with only voter agreement yes, in the hands of someone else no)
As far as i see an IPO at this point would not be the best way to approach things unless i took the bpo's completely out of the equation and launched soley as a refinement company looking for a lot smaller investment to get started.
So the question is would purely launching as a refinement company via ipo for 20 isk a share for a total value of 200 million be of interest to anyone?
If not would securing a loan to run things for the first month or two be worthwhile if the end result would be not being able to launch an IPO due to the reservations i have about trusting someone with my only real assets?
any ideas on this?
My Previous BPO Auction |
Dethmourne Silvermane
Gallente
Saiph Industries
SRS.
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Posted - 2011.06.13 21:51:00 -
[8]
If you're looking to get some starting capital for a refining business, I'd buy in for 200m for, say, 15%/month uncollateralized? It's a bit high of an interest rate, but it's a small loan with an indefinite length and a relatively high flight risk (no offence, that's not a personal attack, just an indication of your relative unknown status). That'd get you some starting capital, and you could pay back the principal at your leisure and not be beholden to shareholders at any point.
Interested?
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Phil Reacher
Reachers Independent Traders
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Posted - 2011.06.13 22:05:00 -
[9]
Yes definately
Would it be ok to talk in game tomorrow to discuss it further its late and i have work tomorrow, but yes i am very interested.
Thank You
Phil Reacher
My Previous BPO Auction |
Liberty Eternal
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Posted - 2011.06.13 22:42:00 -
[10]
I may be able to offer a larger bond at a better interest rate [no offence Deth ].
Phil, if you're interested please evemail me a list of your alt names and your full api key in-game [both of which I will keep private]. I'll run a background check and we can set up a one-month bond at 500mil for 10% if you like
It will be morning [here in UK] before I can get back to you but we can probably work out a much better investment package.
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Jerry Pepridge
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Posted - 2011.06.13 22:51:00 -
[11]
Edited by: Jerry Pepridge on 13/06/2011 22:51:25
Originally by: Liberty Eternal
I may be able to offer a larger bond at a better interest rate [no offence Deth ].
Phil, if you're interested please evemail me a list of your alt names and your full api key in-game [both of which I will keep private]. I'll run a background check and we can set up a one-month bond at 500mil for 10% if you like
It will be morning [here in UK] before I can get back to you but we can probably work out a much better investment package.
Yo Dawg,
Herd it was a good idea to borrow public isk against 15% interest, then loan out said isk at 10%.
That Bot of yours sure is perrdy
Yours Trolly,
Mr Misty.... |
Liberty Eternal
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Posted - 2011.06.13 22:56:00 -
[12]
Originally by: Jerry Pepridge
Yo Dawg,
Herd it was a good idea to borrow public isk against 15% interest, then loan out said isk at 10%.
That Bot of yours sure is perrdy
This question was fielded and answered already - I'm investing on behalf of others, try to stay in the loop Bad Bobby 
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Jerry Pepridge
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Posted - 2011.06.13 23:59:00 -
[13]
Originally by: Liberty Eternal
This question was fielded and answered already - I'm investing on behalf of others, try to stay in the loop Bad Bobby
really? "others"?
where was the question "fielded"
on topic: scam
Yours Trolly,
Mr Misty.... |
Phil Reacher
Reachers Independent Traders
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Posted - 2011.06.15 20:03:00 -
[14]
I have been trying to contact Dethmourne with regards to the 200 mil loan but no luck as of yet.
I have been thinking over everything (more than expected due to yesterdays fun fest with the servers and those idiot hackers,) and i've taken on board all the suggestions in this thread
I agree with Hexxx and Velicitia that a few months of small scale operation would be beneficial it would also give me an approximate value of dividends.
What i would like to do is to run my original idea but at 10% of the investment for a few months,
This would give me a better understanding of approximate dividends. and would also give potential investors the proof that i can run things and keep the records needed.
So what i am hoping for is a loan of 136,680,000 ISK (10% of the cash flow i would have should the IPO go ahead which is 2b minus the bpo share exchange)
For the purpose of this tester i will pay interest via my personal wallet so as not to upset calculations.
So if anyone is williing to loan me this amount then please contact me ingame or via this thread.
Thank You
Phil Reacher
My Previous BPO Auction |
Dethmourne Silvermane
Gallente
Saiph Industries
SRS.
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Posted - 2011.06.17 15:08:00 -
[15]
I've lent Phil the ISK requested in above post.
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Phil Reacher
Reachers Independent Traders
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Posted - 2011.06.18 18:46:00 -
[16]
Just to confirm i have recieved the ISK and have started setting things up had to work late friday and during the day today so am hoping to get a good run at it tomorrow and start placing buy orders.
Thanks again Dethmourne
My Previous BPO Auction |
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