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Ray McCormack
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Posted - 2006.01.29 23:04:00 -
[1]
 Originally by: Verite Rendition
How long is it taking shares to go out? I placed an order a few hours ago and still haven't received anything.
Shares should start going out tomorrow, when the admin guy is in town for the week.
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Ray McCormack
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Posted - 2006.01.29 23:42:00 -
[2]
Originally by: Archa
1.
colleteral in 0 sec space. You say you can use contractors for this.
But see, I personally have about 400 million isk valued ore in the delve region. however this is in a station without a refinery. Will i get my 300 million loan?
Sure. Everywhere - Everything.
Originally by: Archa
2.
What will these shares be valued at? will these shares be valued at 50 million? or will these shares be valued at 100 million a share?
Shares sold in Phases 2 and onward will be sold at 'market value' (i.e. any trading going on will be monitored), but not less than the initial 50M per share (should that somehow occur).
Point 5 in the third initial post by TS then reflects on revised dividends in the case of further IPOs. We won't force a value on the shares, that's up to the shareholders to do.
I think this pretty much assauges any doubts you had.
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Ray McCormack
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Posted - 2006.02.03 14:36:00 -
[3]
Originally by: Dunpeal Hunter
how many shares can each character or corporation buy?
As long as there are shares available, you can buy as many of them as you want. I think there are just a little over 400 of the initial 1000 left.
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Ray McCormack
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Posted - 2006.02.04 16:14:00 -
[4]
A lot of people seem to think we're just starting one BIG hauling operation. It seems popular opinion is the BMBE will just be used as an asset liquidiser. Why is this so? The central idea behind the BMBE is that people will repay their loans to get their assets back. Sure, this may not always happen, but we won't be loosing out because of it.
There's also the case of someone escrowing us an enormous amount of collateral in a very unsafe location. I heard pirates and enemies of BIG mentioned. The one simple fact remains is that we still need to accept this escrow and agree to all the terms associated with that. So indeed, if someone tried to escrow us 20 billion ISKs worth of ore in an extremely unsuitable location we would have to think twice about it.
That's not saying we wouldn't do it, there's ways and means around every obstacle, but the chances of it happening are slim. Would you stand to loose 5 billion in fees just to 'get at' an enemy?
The last few posts have mentioned restricting locations of possible escrow for collateral. This in itself defeats the aims of the BMBE. Everywhere - Everything. Fetching expensive items from the middle of hostile territory is achievable in so many ways. Negotiation, courier missions (this in-game tool may yet be useful), remote sell orders or escorted hauling operations.
This one reason is why the BMBE has more chance of success than failure. Instant access to capital, anywhere.
| The BIG Lottery | BIG Sales | 261087 | |
Ray McCormack
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Posted - 2006.02.06 22:03:00 -
[5]
Any special privileges for shareholders would be impossible to cater for. As TornSoul mentioned, there is no way for us to know who has our shares. Sure, we issued them out to buyers, but they could (possibly already) change hands on several occassions. We cannot track that. A monthly report is the only way for the BMBE to show how much, how long and why for.
| The BIG Lottery | BIG Sales | 867893 | |
Ray McCormack
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Posted - 2006.02.07 00:34:00 -
[6]
Originally by: Asuka Kiddo
I didn't say the information should be available only for shareholders and only distributed to shareholders.
Sorry, my above reply was in response to Aedara's comments about a "shareholders relations" person.
| The BIG Lottery | BIG Sales | 856990 | |
Ray McCormack
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Posted - 2006.02.13 12:34:00 -
[7]
Shares won't be dispersed on weekends, our admin guy isn't around then. Check your wallet later tonight or tomorrow night.
| The BIG Lottery | BIG Sales | 458180 | |
Ray McCormack
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Posted - 2006.02.15 01:36:00 -
[8]
Why does someone defaulting on their loan mean they have bad credit? What if they genuinely just want to get rid of the stuff and don't mind doing it at 75% value? Which is what a lot of people have been looking into doing.
| The BIG Lottery | BIG Sales | 718140 | |
Ray McCormack
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Posted - 2006.02.15 23:36:00 -
[9]
You won't get an Eve-mail when your shares are sent, due to both time contraints and the 100ISK default most people have. Not a lot, in both time and money, but enough. Just check under shares, as has been mentioned. I think they've possibly been sent out today.
With regards to an update on the business status, TornSoul said previously she would not release anything until all shares had been sold, as this would give the later investors an unfair advantage (she compared it to 'insider trading'). So just hang in there.
Hah, I said 'she'. 
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