Originally by: Moppeux O'Mara

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Edited by: Moppeux O''Mara on 14/01/2006 04:13:53
Edited by: Moppeux O''Mara on 14/01/2006 04:00:49

O'Mara Shipyards is issuing 9000 shares and putting them on auction here in blocks of 100 shares. The maximum number of blocks a corporation or pilot can bid on is five. The initial bidding price is 240,000 Isk for one block.

This is a Dutch auction, where your bid will count as long as you are not bumped off the list by someone else. Please make bids in 10,000 Isk amounts.

Please look on this thread if you want to know more about O'Mara Shipyards : O'Mara Shipyards

Weekly dividends on these shares is 25% of the profits the corporation will make. The dividend will be given out at the same time the report is finished : As close as Monday 0:00 as I can. The money raised by this auction will be used to start cruiser and/or destroyer construction depending on the amount raised.

It will end Thursday at 5:00 Eve time. Sniper rule of 5 minutes.

Feel free to ask any question on both threads or directly to me in-game or by mail.

Thanks for looking! Happy bidding!

Current bids :

no blocks left unbidded on

5 blocks : 15m : TwoThirteen
5 blocks : 10m : Kerushi
5 blocks : 10m : Eve University
5 blocks : 10m : Seventh Paradox
5 blocks : 10m : Deodar
5 blocks : 8m : Insidious Prime
5 blocks : 6m : Faux
5 blocks : 6m : Guntork
5 blocks : 6m : E-Town
5 blocks : 5m : Fubar
5 blocks : 5m : Panzer Goddess
5 blocks : 5m : Alvara
5 blocks : 5m : Agrilad
5 blocks : 5m : jbob2000
5 blocks : 5m : Allison Lovey
5 blocks : 2.25m : Vily
5 blocks : 2.25m : Christoph Xavier
5 blocks : 2.2m : Bubba1977
5 blocks : 2m : RichThugster

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Originally by: Panzer Goddess

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I am sorry but I really don't get this. You are bidding so much for shares in a 1 man corperation, that whilst run by what seems a competant business man, yet an eve-noob, no offence intended, that has a current capital of 30m ISK and most recently the divident per share was 420 isk. For 5 blocks that would be 210,00 ISK a week, if it stays the same, and I am sure it won't it looks to be taking 280 odd weeks to pay back if you spend 60m for the shares. Do you really think that this is going to be a worthwhile investment? and if so, explain so I can consider spending my ISK.

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Originally by: Panzer Goddess

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I have been doing some maths, probably wrong, but if they are paying 25% dividend of corperation profits per week to shareholders, inorder to make 1m per week with 5 blocks, the corperation would need to be making 72m ISK profit a week.

Can anyone see if i am wrong?

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Originally by: Moppeux O'Mara

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Edited by: Moppeux O''Mara on 14/01/2006 18:24:19

Ok, I probably didnt explain it clear enough. Check back the first post.

You can retract your bid anytime, especially if you thought the price showed was the total price of the blocks, I hope the new way of displaying it won't be as confusing as the other one.

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Originally by: Skarraza

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Originally by: Moppeux O'Mara

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Edited by: Moppeux O''Mara on 14/01/2006 18:24:19

Ok, I probably didnt explain it clear enough. Check back the first post.

You can retract your bid anytime, especially if you thought the price showed was the total price of the blocks, I hope the new way of displaying it won't be as confusing as the other one.

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I could be wrong, but I don't think the people involved meant to collectively bid over 500m this early in an auction for what is currently a frigate building corp looking to expand to cruisers.

Besides, if each lot is 5 blocks, then setting a price for each block runs counter to what I would expect most people see it as. You would be much better served at running the price per lot (where 1 lot is 5 blocks). Again, I could be wrong, but I fully expect that is what people were thinking when they placed their bids.

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