|
Author |
Thread Statistics | Show CCP posts - 0 post(s) |
TornSoul
|
Posted - 2006.01.28 15:44:00 -
[1]
Edited by: TornSoul on 28/01/2006 15:45:32
(*4) Hard profit numbers and examples
Assuming the 30% profit rate (5% weekly interest and 5% setup fee), and the BMBE keeping half of this, there's 15% left for the shareholders to be paid out as dividend.
Example of dividend per month:
a) 10B worth of Phase 1 shares have been sold The AMOL is 10B The return on each share will be 15% I.e. 7.5M ISK per 50M share
b) 50B worth of Phase 1 shares have been sold The AMOL is only 10B (as above) The return on each share will be 3% I.e. 1.5M ISK per 50M share
c) 50B worth of Phase 1 shares have been sold The AMOL is 50B The return on each share will be 15% I.e. 7.5M ISK per 50M share
The BMBE takes it's half of the profit as payment for doing all the daily work involved in running the BMBE. While the shareholders gets the remaining half for putting up the necessary capital to make the BMBE possible.
The daily work includes but is not limited to: - Customer relations. - General management of the BMBE (this includes checking wallet entries from client deposits...) - Escrow handling - Hauling and recycling of collateral from defaulted loans - To turn it back into ISK for the shareholders. Should the BMBE *really* take of (and have lots of defaulted loans) some of this work could get contracted (making jobs) - Programming of the BMBE interface, and maintenance and development of it. - Depending on the success of the BMBE, a sales site will also be developed for selling of items, instead of just recycling them - Further increasing shareholder profit (this will however only be done if the volume is high enough to justify the extra work involved)
(*5) Worth noting is the effect on dividend the triggering of a new phase will have:
Each time a new Phase triggers, the return on each share will drop, and then climb again, as the AMOL climbs. For each new Phase, this drop will be smaller and smaller, as more people have shares, and thus the increased number of shares will have less of an impact
Examples
i) Phase 1 to Phase 2: Just before Phase 2 is triggered, the shareholders are having a 15% return on their ISK Immediately after Phase 2 is triggered (assuming all 50B worth of shares sell instantly, and the AMOL doesn't change - i.e. stays at 50B ISK) the return drops to 7.5% (twice as many shares to share the same amount of dividend)
ii) Phase 9 to Phase 10: Just before Phase 10 is triggered, the shareholders are having a 15% return on their ISK Immediately after Phase 10 is triggered (assuming all 50B worth of shares sell instantly, and the AMOL doesn't change - i.e. stays at 450B ISK) the return drops to 13.5% (as its only a 10% increase in number of shares - and not a doubling)
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 15:44:00 -
[2]
Edited by: TornSoul on 28/01/2006 15:46:21
IPO Details for BIG Merchant Bank of EVE (BMBE)
- The IPO will be done in phases of 50B ISK worth of shares per phase.
- Depending on the success of the BMBE, it's possible that only one phase will ever happen(*2).
- Each share is initially valued at 50M ISK. Payment to be made to "TornSoul"
- The shares are non-voting shares (You will have no say in BMBE business).
- The shares will have dividend paid out on a monthly basis(*3).
- The dividend will consist of 50% of the profit the BMBE makes. The BMBE keeps the remaining 50%(*4)
- Shares will be sold on a first come first serve basis - Counting from when the ISK is deposited.
Any deposits after all shares have been sold, will be returned
This post will be updated to reflect the availability of shares
Currently available number of shares at 50M ISK each : 1000
BMBE Business Plan
The BMBE Business Plan is at it's core very simple.
Lend out ISK, and take a weekly interest + Start-up fee.
Clients however need to prove their creditworthiness, in the form of assets put on escrow, for BMBE to hold until the debt has been repaid. Assets can be from any location in EVE, and can be co-located. Failure to meet weekly rates (on time) will default the loan, and result in loss of escrowed property. There is no minimum or maximum to the lenght of a loan. It can be as short as a week, and can be as long as to run indefinetely (not advisable however)
Loans are provided at 75% of the mineral value of the assets. The above also implies that only assets that can be recycled into minerals will be accepted. The mineral values used by the BMBE to estimate property value are 'conservative'; hence the 75% number is not 100% accurate.
A sophisticated web-site has been developed to aid both clients and BMBE staff in the loan transactions. Loantakers will immediatly be able to see their possible loan value, as items are put into a 'shopping-basket', and of course keep track of any existing loans and paydates and amounts etc. More on the BMBE website and it's usage to be revealed in a week, as this post concentrates on the IPO, and not the excact details of how the BMBE is administrated.
Profit estimates for the BMBE
With 5% interest per week, and a 5% initial setup fee. These values are not fixed, and could change over time, as the success of the BMBE business dictates it. (Changing values will however not affect already established loans. Their rates are 'locked in')
Maximum return per month: - 40% of the Average Monthly Outstanding Loans (AMOL)(*1) (avr. ISK on clients hands each month) - Happens if all loans are paid back after 1 week ((5%+5%)*4)
Minimum return per month: - 20% of the AMOL - Happens if all loans run for more than 4 weeks (5%*4: The 5% setup fee being paid in the month prior)
The effect of defaulted loans, can never bring the profit below 25% - i.e. if all loans default. As thats the built in margin for offering the loans in the first place.
Remember that shareholders get half of the profit, and the BMBE the other half
It's hard to predict the average loan length, but as the above max/min examples show, the profit (and thus dividend) of the BMBE greatly depends on it.
An average loan length of 2 weeks seems a reasonable estimate, giving a profit of 30% of AMOL per month for the BMBE. The 30% figure will be used for the further explanations of shareholder profit estimates.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 15:44:00 -
[3]
Edited by: TornSoul on 28/01/2006 15:45:18
(*1) AMOL explanation: If 10B gets lent out each Monday, and gets repaid the next week, then "turnaround" is 40B, but the AMOL is only 10B. If 10B gets lent out at the start of the month, and gets repaid at the end of the month - Both the "turnaround" and the AMOL is 10B.
(*2) The trigger for a new IPO Phase can/will happen if: (I'm aware that also calling a 2nd phase an IPO is a bit of a misnomer, but the term is being used for ease of reference Technically it's a SOM, Second Market Offering)
1: The AMOL hits a multiple of 50B (the amount raised per phase) - and thus more ISK is needed to keep running the BMBE. I.e. Phase 2 gets triggered at an AMOL of 50B, Phase 3 at an AMOL of 100B and so forth.
2: It's estimated that the BMBE shares market can bear a release of another 50B worth of shares - without shares dropping (significantly) in value. The indication for this (among other things) being 'overheating' of the market, sending share values to two or three times their original value. This situation is *extremely* unlikely to ever happen - But the BMBE reserves the right to utilize this option to trigger a new IPO Phase, to capitalize on the overheating.
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)
For the effect on dividend, for existing shares, a new phase has, read (*5)
(*3) Defaulted loans will take some time to be realized. That is, items need to be hauled/recycled/sold - and this takes time. Profit from defaulted loans will be paid out as dividend in the month they are realized - As opposed to the month where the loans default.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 15:44:00 -
[4]
Edited by: TornSoul on 28/01/2006 15:45:43
The BMBE reserves the right to, at any time, without notice and without consulting with shareholders, to change the interest rates of the BMBE, or make any other changes it sees fit to the operation of the BMBE.
The BMBE will however always strive to only make such changes in an efford to improve shareholder dividend, as it itself will benefit from this directly.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 15:56:00 -
[5]
As with the BIG Lottery, the BIG Deal, BIG Sales and various other efforts (Joivien collection, 2 championship bettings...) 'spearheaded'/lead by BIG employees, BIG's involvement in EVE politics will have zero bearings on the excution of these undertakings.
I do belive our track record on these matters are pretty good
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 16:00:00 -
[6]
Originally by: Hellspawn01
Quote: Clients however need to prove their creditworthiness, in the form of assets put on escrow, for BMBE to hold until the debt has been repaid.
Escrow works only for 7 days so a pilot can run with the loan and you loose isk. How do you solve that?
Quote:
Clients however need to prove their creditworthiness, in the form of assets put on escrow, for BMBE to hold until the debt has been repaid.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 16:02:00 -
[7]
Originally by: Rod Blaine I'm sure that this venture, like the BIG lottery, will prove politically neutral in all respects.
Anyway, nice to see something like this finally take off. Altho if I'd be in the buisiness of picking nits, I'd remind you that this is actually a pawnshop, not a banking enterprise
You are ofc correct Rod, it has aspects of both (Bank/pawnshop) And to be fair, due to the often 'less than stellar' reputation most pawnshops has, it was decided to go with a 'less tainted' name - i.e. calling it a Merchant Bank.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 16:14:00 -
[8]
Edited by: TornSoul on 28/01/2006 16:22:31 Edited by: TornSoul on 28/01/2006 16:14:57
Originally by: Temi Edited by: Temi on 28/01/2006 16:10:31 sounds cool \o/
altho question: "Clients however need to prove their creditworthiness, in the form of assets put on escrow, for BMBE to hold until the debt has been repaid."
will this policy be used in 100% of the cases, or will you be interested in setteling for no/little/less collateral, assuming one can prove oneself to be trustworthy enough?
or settle for more actual values, than mineral values in some cases, like a HAC bpo counting as 1billion collateral, for example :)
This whole undertaking means a HUGE administrative burden. So to keep it as simple as possible (and thus try and lessen the admin burden) *only* items that can be recycled into mineras will be accepted as security.
Prices on especially t2 BPO's can litterally change by multiple billions over night (nerfing/patching) - So not only would the risk simply be too great to base loans on these, but it would also increase administration.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 16:20:00 -
[9]
Edited by: TornSoul on 28/01/2006 16:21:59
Originally by: Deovina Edited by: Deovina on 28/01/2006 16:11:06 So each phase would be 50b (I'm a bit confused because you use 10 in the examples)? When would the shares being given out?
Shares are available as of this post.
Simply make your purchase by wiring a multiple of 50M ISK to my wallet (before stock runs out)
Originally by: Deovina
The most likely investment would be TŠ BPOs (timefactor, amount of capital needed). Don't you think that 50b or even multiple 50b is more than needed? Even given the potential rise of auction prices due to more available capital.
See my answer in my previous post about t2 BPo's
Originally by: Deovina
What happens should BMBE fail (due to lack of interest) to the shares?
They (the shares) become (next to) worth less Thats the risk with shares.
Originally by: Deovina
Does BMBE or BIG by shares themselves or only act as mangement?
Neither BMBE or BIG has any plans of buying shares atm. But theres nothing stopping it really.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 16:34:00 -
[10]
Originally by: Kaejona mh, so if you get the 50B together, but no one is interested in doing it, the shareholders lose out and you keep the money ?
(sorry for sounding this harsh, just checking if i get it right)
By "doing it" I'm guessing you are refering to "taking out loans" (and thus generate income for the shareholders).
If noone does that - Then there will be no dividend to pay out. Simple as that. So whether your invest or not, should (among other things) depend on whether *you* think that will happen or not.
It's only a question of how long you dare think about it
As for 'keeping the ISK'. Yes, the ISK will be kept by the BMBE. But, while this might sound as 'free ISK', it's not.
Those ISK will forever be 'locked up' (cant be used), as they might in the future be needed (should a client suddenly come along wanting a 20B loan or whatever)
In other words - We (BMBE/BIG) can't simply 'pocket the ISK' and spend it on "exotic" gallente holoreels and spiced wine BIG Lottery
[u |
|
TornSoul
|
Posted - 2006.01.28 16:36:00 -
[11]
Originally by: Deovina
Sorry I wasn't precise here. I meant: The most likely investment costumers of BMBE would take are TŠ BPOs due to the timefactor involved in auctions. Don't you think that 50b is more than needed given the current TŠ BPO auction market?
Hmm.. I'm sorry, but I'm simply not sure what you are asking...
Originally by: Deovina
And will the first phase be 50b or 10b?
1000 shares @ 50M ISK each = 50B ISK
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 16:52:00 -
[12]
Originally by: Kaejona Edited by: Kaejona on 28/01/2006 16:40:58 alright
but in the event of the buisness going not so good (hardly any loaning, not the expect turnover; i'm sure you got target numbers in your head about it ), would you decide at a certain point to close down the bank ?
And if so, would you return the invested money then ?
Don't get me wrong, i'm only looking to saveguard money i intend to invest. Having no profit out of it would be something i can live with (although it would be most unfortunate as BMBE is definitly an innovative idea), but loosing the invested capital totally is something i do not dare to risk.
If you gurantee by your word (which is more then enough for me) that you return invested capital in case of a buisness failure, i would immediatly send 500M your way
Should the BMBE bomb completly and we decide to close up shop - I dont see us not returning the ISK to investors. Thats the BIG way. We arent her to scam anyone.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 17:33:00 -
[13]
Edited by: TornSoul on 28/01/2006 17:37:16
Originally by: Selena Sellion The problem as I see it, is that if you have an asset worth 133% of what you want to borrow, and it doesnt matter that that asset is unavailable to you until you repaid the loan, then you could just sell the asset and get 33% more ISK and have no repayment/interest issues as you would in a scheme like this.
As an example, please try to describe the type of person/corp/situation that would use this service, what collateral they would provide and why they would do it.
Have you ever tried to liquidize large amount of assets because you where short on cash - and *really really* wanted a new Bship (or whatever)
Theres several factors here. For one, it takes time, potentialyl lots fo time if your assets are scattered all over the universe. You could escrow everything ofc - But we all know how the escrow market looks like... If you wanted to dump the stuff *really* fast, you'd most likely get even less than the 75% (if it sold at all...)
The other option is to travel to each region you have assets in, and put up a 'proper' market order (which would also be around for more than just 7 days).
Or you could even travel to each location and recycle your stuf yourself (minerals are easier to offload usually) - That is, if you got some decent recycling skills ofc.
Bottom line - Regardless what you do, it will take time. Potentialyl lots of time before you get toether the cash you need (and you might even take a huge financial loss if you are realyl pushing to sell the assets (i.e. at very low prices)
Not to mention - You might actaully prefer to hang on to some of the stuff. Depending on your play style - it can be advantageous to have assets spread around in different locations.
With the BMBE - You get the ISK immeditatly (well.. you might have to wait a few for a BMBE staff member) With the BMBE - You are free of any of the hazzle described above - Traveling etc. With the BMBE - You get to keep your items (once the loan has been repaid)
Ofc - All of this 'luxury' comes at a cost - Namely the interest on the loan.
So in the end, it will often come down to how you value your time ingame. Do I spend time traveling around liquidizing all my assets on my own - or, do I take a ISK hit, but save a (potentail) large amount of time, where I coudl do other things (like.. make more ISK)
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 17:42:00 -
[14]
@Rod
Interesting idea.
Still doesnt solve the problem of (a few) t2 BPO's fluctuating wildly in its worth due to nerfs/patches.
If you can come up with a solution for that, I'm all ears BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 18:20:00 -
[15]
Originally by: Rod Blaine Pity it's such a pita to adminstrate all this stuff or you could at least try basing collateral value on a percentage of market rates instead of mineral value, or whichever is higher of the two. That would already go part of the way to that new ground.
Yup, yup and yup.
I'm not ruling it out either. But for starters we will take it slow, and see where it takes us.
/me puts wishfull thinking hat on CCP might even pay attention to this, and introduce some tools making the admin easier. Which would give us better time (and maybe tools) to expand the BMBE with things like youve sugested.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 18:39:00 -
[16]
Edited by: TornSoul on 28/01/2006 18:39:33
Already answered
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 19:19:00 -
[17]
Your question is : What do we intend to do about all the stuff, we will end up with having spread all over the EVEverse, due to defaulted loans ?
As stated, we plan to recycle and sell it - To be used for shareholder dividend. As also stated - If that turns out to be huge amounts - We will probably contract out some of the work (creating jobs)
The work involved in this is part of what the BMBE is getting paid for (half of the profit)
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.28 20:32:00 -
[18]
Originally by: Godar Marak So what do you do if lets say BoB and [5] wardec you because they fear you will become to powerfull, destroying every single ship you have?
As said earlier - BIG itself is not touching any of the capital invested. All that ISK has to be 'at the ready' for when a client comes along wanting a loan.
Same as BIG dont ever touch the BIG Lottery ISK etc.
Originally by: Professor McFly Can I take out a loan with BMBE in order to afford some shares?
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.29 00:43:00 -
[19]
/me considers paying out EU's dividend in beer instead of ISK...
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.29 02:35:00 -
[20]
Edited by: TornSoul on 29/01/2006 02:36:28
Edit : Baun beat me to it (and yes I'm heading for bed now )
@Randay
*Best case scenario* : 7 months. But that is best case (15% return each month)
It might as well be.. 3% a month? or... Impossible to know atm. Depends on how much business the BMBE will see.
What do you think?
@Callie Nefarious Shares will be distributed after the weekend. The BIGun incharge of that is not back until monday.
BIG Lottery
[u |
|
TornSoul
|
Posted - 2006.01.29 16:18:00 -
[21]
@Randay (post #53)
Check my answer in post 27 regarding potential customers.
About fluctuating mineral prices and the impact on the value of collatoral for existing loans: Mineral prices in general change pretty slow - and we have a built in 'buffer' of 25%. Anyone having a loan running for as long as it would take for mineral prices across the board to change by more than 25%, would be paying a ton of interest. So while they might default the loan in the end, the BMBE would still come out with a profit.
@Krumpit (post #54) Are you worried it might be too popular as a quick recycling service? That is indeed a concern. However - 1: We have the advantage of 'dealing in bulk'. Meaning, we wont have to make 60j just to pick up 10K trit. 2: As already mentioned, if the volume of defaulted loans turns out to be really huge, this might actually be an 'advantage' as we would then be able to 'expand' the BMBE with an online shop for items as well. Selling items directly, should yield more profit (for shareholders) than simply recycling the items to minerals (think named modules and the like). The online shop will however only happen *if* the volume is large enough to make it worth the 'development cost' (my time).
You concern about mineral prices - See above
@Silvero (post #58) Perhaps you should allow smaller loans* without "proper" creditworthiness if the loantaker have a well known creditor or 2 that says aye.
For starters we will keep it simple. Once the BMBE has 'stabilized', we will ofc start looking at ways to expand the business. But for now, we simply need to know what we are dealing with first before considering any of all those posibilitites. Nobody knows yet if the BMBE will bomb completly and shut down after a couple of months - or turn into a 1000B a month monster.
I suspect however, that it will be somewhere in between those two extremes :)
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.29 16:19:00 -
[22]
@ Serenity Steele (post # 59)
- - What is the minimum loan amount that BIG intend to handle?
- - Will loans be paid out against items that don't refine to minerals (eg. Capital Ships), if yes, then at mineral build cost of the capital components?
- - What mechanism will be used for re-selling shares on the market (Trusted Broker). Will BIG take a fee from Brokering share sales to 3rd parties?
- - Will dividends be issued using the in-game share mechanism, or manual transfer?
- - When will the first loans be offered?
- - Managing the wallet on weekly interest rates is going to be a challenge. Seeing the web site would greatly improve my confidence as investor. When can we see it?
1: For now there will be no minimum. Should a lot of small loans turn out to increase the administrative burden unecessary, this is easy to change.
2: For now: No. Reason beeing I simply havent had the time to implement a recursive value calculation for items that in several steps break down into minerals. It's on top of my TODO list however.
3: We will leave that up to the investors, how they want to go about it. BIG will ofc offer to serve as a trusted 3rd party. For now theres no plans to take a fee for this service. Mainly because we dont expect it to occur frequently just yet, so I think we can 'afford' to do a 'freebie' on that one for now.
4: Ingame mechanics will be used.
5: The BMBE will open for business next weekend.
6: You can see it, once the BMBE is open for business :). The admin side of things will however be hidden to clients, and will only be available to BMBE staff. The client side of things should however give an impression regardless. Clients will be able to have multiple active loans, with each their pay-date, pay-rate, and even different BMBE staff members handling those loans. All this info will be readilly available to the clients.
@Trarah (post #61) We cant pay out ISK we havent got yet. Simple as that. The effect on shareholder dividend will however just be a 'delay' (unless you are a very short term invester), as the payout simply gets shifted to a later month.
We have listed it in the description excactly to allow investors to make up their mind if they like that or not (and thus if they want to invest or not). BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.29 21:06:00 -
[23]
Outposts no (as they are not in the the data from t20 - and keeps popping up anyhow)
Std. conqurable stations : Yes.
Some of those BMBE staff might not be able to dock at - But thats really no different than some regular stations in enemy territory (we dont expect carte blanche to go fetch the stuff)
So those will have to be dealt with via subcontractors etc.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.29 21:11:00 -
[24]
Indeed.
Makes it interesting
Needs some wealing and dealing to get done - Which is part of the game I love
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.30 17:53:00 -
[25]
Originally by: Zooish
Quote: Torn will you be compiling a list of investors (or anything else to let us know that you've received our money - prefarably not evil laughter)?
I believe a list of investors would be confindential, as many would prefer and expect "not to be named"
Such a list is indeed confidential. Only one other BIGun (the one administrating the BMBE holding corp) apart from myself, will know this list.
And shares are scheduled to be sent out later tonight. Very first post in this thread will be updated to reflect that.
@Serenity Steele
1: Yes a 2nd holding corp is the final solution, should it come to that.
2: Please keep in mind that BMBE is run as a business in itself. ISK is not mixed between BIG and BMBE. (see furthermore previous answer about if BIG gets bogged down in war etc)
The only 'mixing' there is, is that BMBE employes (for starters) are all BIG employees as well - and as such recive payment from the BMBE (half the profit) same as the shareholders do (half the profit)
As such, any losses incurred by the BMBE, it beeing to lost cargo, or fluctuating mineral prices or... Will be upheld by the BMBE itself, and will mean a reduced profit overall - To both BMBE staff and shareholders.
A parallel would be : What would the ISS do, if it's dividend generating outposts all got shut down due to a siege? Thus not generating profit from docking fees. Would the ISS 're-imburse' the shareholders for lost profit on this?
@Rthor If it does not work your reputation is gone and gg to you. Right?
If it does not work, it will because (not enough) people are interested in taking out loans.
I fail to see what impact that would have on the BIG reputation.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.30 20:44:00 -
[26]
Originally by: Kahn Moquil Edited by: Kahn Moquil on 30/01/2006 18:17:55 Not exactly. It's a whole lot less likely that an ISS outpost will be shut down due to a siege, than it is for a random hauler to get popped.
That however is not excactly the correct comparison to make. Instead you should compare : ISS outpost beeing shut down complettly with - BMBE loosing every single hauler.
And I agree, neither is very likely.
But either can happen to a lesser degree.
Originally by: Kahn Moquil
Perhaps you can put in a system where you get less loan for your collateral as the security status of the system the collateral is in gets lower?
Something along the lines of 75% for all of high sec, 65% for low sec, and 50% for 0.0 space. 0.0 Collateral is after all a bigger risk to you than high sec collateral.
I have actually considered that, and the system (DB/website) is ready for it as well. But (for now) I've decided against it, as I prefer to keep it simple (for the clients as well) But - It's easily changable should it be deemed necessary.
Originally by: Kahn Moquil
And a question. You say that if the BMBE completely bombs, you will return the isk to the investors. I have no doubt that you will do that, but would you be able to give an indication of what you consider failure? Less than 10% of invested funds given out as loans? Less then 5% given out as loans?
I will actually prefer not to give any indication of that at this point in time. I'll say as much as, regardless what happens, the BMBE will *at least* 'survive' for 3 months (for word to spread and what not).
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.31 13:03:00 -
[27]
Originally by: Semkhet
Anyhow, if this project may help players to reach their goals faster by allowing them to get the right amount of funds at the right moment, then it will be a welcomed and positive service to the community.
To think it took 4 pages before anyone even considered this aspect... Says a fair bit about the average EVE player... - or am I just getting a bit too cynical on my 'old' days
--------
I think your numbers is a welcome additon (to those already posted) for potential investers.
While your arguments about who would find this level of payback (ROI) interesting or not, are valid enough, you are however neglecting one point.
You will be getting interest *while* doing whatever else you would be doing anyhow.
So you really have to look at it as *additional* income, and not .the. income.
I'll again have to draw a parellel to ISS (really the only other one in existence) - Their payback is quite a bit lower than the (best) estimates for the BMBE, yet their share values have both doubled and trippled (going by the actions in the sell forum anyhow)
So by that arguement I think the (potential) 15% return per month as actually extremely attractive.
And to repeat : It should be looked upon as *additional* income - Supplementing whatever else you are doing.
BMBE shares arent sucking away any of your playtime to generate ISK.
In the end, It's ofc a matter of point of view.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.01.31 18:25:00 -
[28]
Originally by: Rthor
...there are better ways of making money out there than giving somebody cash and waiting for some dividens while forgetting that you dont have your principal any more...
If someone has invested so much ISK that their daily operations (and ISK making) are hindered - Then they have indeed invested too much (IMO).
I'll grant you that much.
But regardless their level of investment - If that does not influence their daily operations, then they have simply required themself an additional source of income, which costs them no time or effort.
Thats the sound way to invest.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.02.02 20:04:00 -
[29]
Seems a couple of investors have had a change of hearth.
And have bought even .more. shares
BIG Lottery
[u |
TornSoul
|
Posted - 2006.02.04 18:18:00 -
[30]
Natasha - You .should. have gotten your share late last night. As thats when I forwarded the (new) list to the BIGun handling the shares.
He might not have gotten around to it (RL interference). If thats the case, you will at the earliest be getting it on monday.
Theres a month to first dividend payout however - So "Dont Panic"
(You can take this post as confirmation that your ISK was recieved btw - I've checked)
BIG Lottery
[u |
|
TornSoul
|
Posted - 2006.02.05 23:52:00 -
[31]
Theres already an eve-radio ad running
BIG Lottery
[u |
TornSoul
|
Posted - 2006.02.06 19:27:00 -
[32]
Edited by: TornSoul on 06/02/2006 19:29:47
@Serendipity007
I have to admit that the Detailed BMBE guide was done in the last minute. Ie. no proof reading was done - It will get fixed though.
@Aedara It is not practically possible to have this info availabe for shareholders only - As we have no control of the movement of the shares, and thus dont know who holds them
The plan is however to make public a monthly report.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.02.07 02:40:00 -
[33]
Edited by: TornSoul on 07/02/2006 02:40:42
Originally by: Ras Blumin I gave 50m to TornSoul 3 days ago, but still no share. Is the person in charge of shares afk or has my payment been missed?
The BIGun in charge (not me) of dealing with the shares has just finsihed distributing all shares bought until now (not counting purchases made in the last few hours)
BIG Lottery
[u |
TornSoul
|
Posted - 2006.02.07 21:11:00 -
[34]
Updated - 264
BIG Lottery
[u |
TornSoul
|
Posted - 2006.02.10 18:16:00 -
[35]
Uhm... Could you double check that?
Have you looked in your wallet under the "shares tab"
You should have recieved them days ago....
BIG Lottery
[u |
TornSoul
|
Posted - 2006.02.14 21:52:00 -
[36]
14/02/2006 21:42:06 : 171 shares left.
---------
The shares bought over the weekend (and yesterday) should get distributed within the next hours.
---------
@Zafon
I've very deliberatly not posted any 'this is what I think will happen' numbers. This is completly uncharted territory, and any number I'd come up with would be pure fiction.
Instead I've decided to let the shareholders do the talking - So to speak.
-------
@Jallen
From a pure financial standpoint - Theres no reason for the BMBE to ban clients defaulting on their loans.
The BMBE makes ISK for the shareholders either way.
Re. the Corp Thieves issue. How would we know? And if someone is a corp thief - I'm sure he is able to shift whatever stuff he has stolen to another char anyhow... So banning anyone would simply just be extra administration, with zero impact.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.02.16 21:23:00 -
[37]
Theres been some (RL) delays with the last batch.
But no worries - Everyone posting here, are accounted for (and those EVEmailing me has now recived an ingame mail as well)
oh and btw : 131 left BIG Lottery
[u |
TornSoul
|
Posted - 2006.02.23 20:47:00 -
[38]
As you can see the topic of this thread has changed slightly.
The BMBE IPO will close on sunday the 26th (2006-02-26) at midnight.
This regardless if there should still be a few shares left.
Currently theres 82 shares left - So theres still a chance to grab a few shares.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.03.03 19:18:00 -
[39]
/me coughs
I've had the misfortune of beeing sick most of this week... Hence no updates etc.
Expect more full news (and a new thread) sometime during the weeekend.
BIG Lottery
[u |
TornSoul
|
Posted - 2006.03.05 22:48:00 -
[40]
Report has been posted (in the market discussion forum)
(#1 - 2006.02) BMBE Shareholder Report
BIG Lottery
[u |
|
|
|
|