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ThePanu
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Posted - 2006.02.23 20:56:00 -
[1]
Edited by: ThePanu on 23/02/2006 21:11:31 This is IPO announcement of New Caldari Investment Bank (NCIB).
Business Plan
As more and more corporations are announcing IPO's it has become feasible to establish investment bank. This is where New Caldari Investment Bank fits in.
NCIB will raise capital trough this IPO and then use that capital to buy shares in current and future corporations. Naturally only corporations whose business plan includes paying dividents are considered for investment. Plan is to divide capital to multiple corporations to lessen risk of losing everything.
NCIB aims to all times have at least 20% of its capital in cash and 80% in shares. This should give enough cash at hand to participate in future IPO's on short notice.
Profit sharing
As dividents are paid to for shares owned by NCIB this profit is divided as follows: -50% is payed as dividends to NCIB shareholders -45% is added to NCIB capital to be used in future investments -5% is payed to NCIB personnel
Dividents for NCIB shares still owned by NCIB are added to capital to be used in future investments.
Dividents are paid every 5th of each month. Income statement for past month is also presented on fifth of each month. Income statement is provided, even if there isn't any income to be divided. Which is propable during first few months of operation.
IPO Details
NCIB will release 1000 shares each costing 10 000 000 isk. When all shares are sold this will generate capital of 10 billion isk. Operations will start as fast as possible, depending on other IPO's and availability of shares to be bought.
Due to nature of NCIB operation shares can also be bought using shares of existing corporations ie. BMBE, ISS stations etc. Value of these shares is decided on case by case basis.
Exit plan
Six months after first 10 percent of shares are sold a vote is held to decide if NCIB is fit to continue operation. If shareholders vote yes, then business continues as normal. If shareholders decide against continuing then following plan is executed: Auction is held for shares owned by NCIB and cash acquired this way is added to NCIB cash at hand, this sum is then divided by number of released shares. This gives us buyout price for shares. Once everything in NCIB possession is sold and divided NCIB ceases to exist and it is shut down. NCIB shares still in NCIB possession wont take part in this vote nor will they be eligble to receive funds upon dismantling of NCIB.
How to buy shares?
Use Give money function ingame and use it to transfer correct amount of isk to Sordea Mampo. 10mil if you want to buy one share, 50 mil if you want to buy five shares. Incorrect amounts are considered as donations and added to NCIB capital. So if you pay 15mil you will get one share and remaining 5 mil is considered a donation.
I am posting this using my main character, but JIT operations will be ran by alt created for this sole purpose, Sordea Mampo.
I also encourage corporations planning IPO to contact Sordea Mampo.
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Sordea Mampo
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Posted - 2006.02.23 20:57:00 -
[2]
Q&A
Q: What prevents me to take everything and just disappear? A: Well, unfortunately due to EVE mechanics, nothing. This thing is based on trust.
Q: What is estimated profit? A: Upon examining estimated profits of previous IPO's, I estimate profit of approx 3%. This is less than in other corporations IPO's but risk is also smaller due to distribution of assets and smaller share price.
Q: How buying shares with shares works? A: If IPO is still ongoing and shares have fixed price process is simple. For example one BIG bank share of 50mil would get you 5 NCIB shares. If IPO is over and there are no shares left for public to buy then value of shares is decided by examining previous sales of similar shares (auctions etc.) and consulting corporation about their current financial situation.
Q: Is this a scam? A: No, I don't want to waste game experience for me and others by scamming. Nor do I want to waste my almost two year old character, I would be quite a big target all around EVE.
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Destable
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Posted - 2006.02.23 23:53:00 -
[3]
Edited by: Destable on 23/02/2006 23:55:23
Originally by: Sordea Mampo Q&A
Q: What prevents me to take everything and just disappear? A: Well, unfortunately due to EVE mechanics, nothing. This thing is based on trust.
Q: What is estimated profit? A: Upon examining estimated profits of previous IPO's, I estimate profit of approx 3%. This is less than in other corporations IPO's but risk is also smaller due to distribution of assets and smaller share price.
Q: How buying shares with shares works? A: If IPO is still ongoing and shares have fixed price process is simple. For example one BIG bank share of 50mil would get you 5 NCIB shares. If IPO is over and there are no shares left for public to buy then value of shares is decided by examining previous sales of similar shares (auctions etc.) and consulting corporation about their current financial situation.
Q: Is this a scam? A: No, I don't want to waste game experience for me and others by scamming. Nor do I want to waste my almost two year old character, I would be quite a big target all around EVE.
It's creepy that this Q&A response was posted by a character that is not the same as the original poster, and has no immediatly obvious ties to him. I know you posted the name in your original post, but even just checking the "show corp" box for forums would help.
If I was thinking of taking a chance on this new mutual fund, that'd make me think twice.
Destables.
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Kerushi
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Posted - 2006.02.24 00:13:00 -
[4]
so if i do an ipo to gather funds to build 3 lines of freighters, u`d buy my shares?  ________________ Cortes, make me a sig then :-) |

Shirei
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Posted - 2006.02.24 00:18:00 -
[5]
Before anyone sensible could consider investing in a scheme like this, you would need to establish: - what you want to invest in - if you have a track record and/or experience in investing in that type of object to make profit in the past (and if you do, why you need to raise additional money) - if you have any kind of track record or references to indicate that you are trustworthy
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Lacero Callrisian
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Posted - 2006.02.24 00:22:00 -
[6]
Edited by: Lacero Callrisian on 24/02/2006 00:23:00 GAH!
Will someone starting a bank please start an actual bank? not an investment fund or a glorified pawn shop.
Is it too much to ask? (sorry to the OP, good luck with it it's a great idea)
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Kerushi
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Posted - 2006.02.24 00:24:00 -
[7]
Originally by: Lacero Callrisian Edited by: Lacero Callrisian on 24/02/2006 00:23:00 GAH!
Will someone starting a bank please start an actual bank? not an investment fund or a glorified pawn shop.
Is it too much to ask? (sorry to the OP, good luck with it it's a great idea)
that isn`t possible without the contract system as the risk are pritty much skyhigh ________________ Cortes, make me a sig then :-) |

shivan
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Posted - 2006.02.24 06:02:00 -
[8]
Originally by: Kerushi
Originally by: Lacero Callrisian Edited by: Lacero Callrisian on 24/02/2006 00:23:00 GAH!
Will someone starting a bank please start an actual bank? not an investment fund or a glorified pawn shop.
Is it too much to ask? (sorry to the OP, good luck with it it's a great idea)
that isn`t possible without the contract system as the risk are pritty much skyhigh
dont RL banks reflect risk with a high intrest rate?
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Johnathan Roark
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Posted - 2006.02.24 06:09:00 -
[9]
My main concern is even your main has only been in its current corp for 30 days? Who do I declare war on if this turns out to be a scam? Why not purchase 5% of the shares yourself rather than take 5% off the top?
Corporation Management Improvement |

ThePanu
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Posted - 2006.02.24 06:11:00 -
[10]
Originally by: Destable It's creepy that this Q&A response was posted by a character that is not the same as the original poster, and has no immediatly obvious ties to him. I know you posted the name in your original post, but even just checking the "show corp" box for forums would help.
I know. And now I noticed that I can't do it later nor change the poster. I posted it in separate message because I wanted to keep questions and answers in same place, so that people don't ask same questions over and over again.
You can check his info ingame to see that there actually is corp named NCIB. Hard to make obvious ties in him, because I want to keep this corp and character politically neutral.
Originally by: Kerushi so if i do an ipo to gather funds to build 3 lines of freighters, u`d buy my shares? 
Not necessarily, that doesn't show enough long term planning.
Originally by: Shirei Before anyone sensible could consider investing in a scheme like this, you would need to establish: - what you want to invest in - if you have a track record and/or experience in investing in that type of object to make profit in the past (and if you do, why you need to raise additional money) - if you have any kind of track record or references to indicate that you are trustworthy
Answered first two in that also Q&A post. Possible investments would be especially future and existing ISS stations and similar projects, BMBE, possible that junkyard project etc. And not necessarily only in IPO, NCIB can buy shares also from individuals given that price is right. Unfortunately I have been mostly carebearing in past so I am not really known, hard to prove trustworthiness when you haven't done much.
When questions come to mind, please post them and I will answer them.
NCIB's first investment will be one share of BMBE which I will use to buy five shares of NCIB
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ThePanu
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Posted - 2006.02.24 06:12:00 -
[11]
Edited by: ThePanu on 24/02/2006 06:13:33 multiple post
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ThePanu
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Posted - 2006.02.24 06:12:00 -
[12]
Edited by: ThePanu on 24/02/2006 06:13:51 multiple post
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ThePanu
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Posted - 2006.02.26 21:09:00 -
[13]
Shares have been delivered to first investors.
I am going to list NCIB in EGSE, but have to wait a few for Sordea Mampo to turn over 15.
Until then shares can be bought traditional way, instructions in first message.
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Exelsior
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Posted - 2006.02.26 21:14:00 -
[14]
Originally by: shivan
Originally by: Kerushi
Originally by: Lacero Callrisian Edited by: Lacero Callrisian on 24/02/2006 00:23:00 GAH!
Will someone starting a bank please start an actual bank? not an investment fund or a glorified pawn shop.
Is it too much to ask? (sorry to the OP, good luck with it it's a great idea)
that isn`t possible without the contract system as the risk are pritty much skyhigh
dont RL banks reflect risk with a high intrest rate?
The interest rate depends on a number of factors, and the kind of risk banks would encounter in eve probably doesn't even come into the top 100. Banks in real life can confiscate your assets, even put you into prison for some things. You just can't enforce this in EvE, and if you try, u'll end up war deccing 90% of the piwates in EvE. ------------------------- Thou shalt be dispatched. |

Syrin
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Posted - 2006.02.27 16:31:00 -
[15]
Just posting to confirm that TP really has been witht he same corp for a very long time as have I, we recently merged hence the short time under new corp name. 
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Cell Satimo
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Posted - 2006.03.03 21:49:00 -
[16]
So far all the IPO threads have posted a running total of the shares sold in the main thread.
Do you have information on how many sold so far, or this just a scam?
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Sordea Mampo
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Posted - 2006.03.04 09:44:00 -
[17]
So far only 11 shares have been sold. So that makes it 989 shares left.
Information on how first month went can be found from this thread.
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Cerwyn Taraman
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Posted - 2006.03.08 16:14:00 -
[18]
Bought a few shares to start with to see how this goes, seems like a solid idea that will pay more consistently than BMBE will (is).
CT
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Sordea Mampo
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Posted - 2006.03.08 21:51:00 -
[19]
983 Shares left.
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Sordea Mampo
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Posted - 2006.03.14 10:09:00 -
[20]
NCIB has been split on ratio of 1:200. One share is now valued 50 000isk. Total amount of shares is 200 000. Investors who bought their shares before split have been compensated.
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Serendipity007
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Posted - 2006.03.14 22:46:00 -
[21]
I have bought shares. Good luck to you on this unique endevour! Put my investment to good use! ___________________________________________________ "I'm an engineer, not a miracle worker!" - Scotty, Star Trek: The Original Series |

Lolindir Tasardur
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Posted - 2006.03.17 03:02:00 -
[22]
I recently purchased 200 shares and was pleased with the service, Sordea Mampo was very friendly (even to the small fish like me) and was able to do the transaction as soon as I asked. One thing I wondered, if you can reveal without harming your investments, how many investment opportunities are you finding at the moment? I've come across 4 or 5 on these forums, and was just wondering if there are many less public share offerings?
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Sordea Mampo
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Posted - 2006.03.17 17:54:00 -
[23]
Currently NCIB has invested in 8 endeavours. And thank you for your investment.
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Tarri
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Posted - 2006.03.17 18:17:00 -
[24]
Intelligent Design? I would be more inclined to buy from a corporation named Selection a la Darwin.
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Minuteman
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Posted - 2006.04.07 12:24:00 -
[25]
Originally by: Tarri Intelligent Design? I would be more inclined to buy from a corporation named Selection a la Darwin.
Agreed, but I might still want to buy some shares.
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Heretic Omega
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Posted - 2006.05.24 20:18:00 -
[26]
Brokering 9500/10000 NCIB shares on EGSE (http://eve.hubau.be/)
Have already sold 500 shares, take a look! :)
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Hawkings SJ
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Posted - 2006.05.24 20:53:00 -
[27]
Isn't this more of a mutual fund rather then a bank?
I'm wondering if you will offer various levels of loans to anyone, even if on a limited basis and high interest rate (to cover the risk of default).
Also, most banks have a garunteed interest rate, do you plan on setting one or will all profits be based off the profits of investments?
Finally, what would be the benefit of me using your service rather then investing in all of your investments myself? If I simply duplicate your investments, I have the same potential for profits but without a middle man eating any portion of my revenue, I could always reinvest the same % as your corporation is offering, but not lose the 5% your charging for the transaction handling.
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Hawkings SJ
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Posted - 2006.05.25 15:13:00 -
[28]
*crickets*
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