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TornSoul
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Posted - 2006.03.05 22:47:00 -
[1]
This is the first BMBE Shareholder report, and as such will be a bit verbose.
Aproximatly 1 month ago the BMBE IPO launched.
1000 shares valued at 50M ISK each where put on the market, for a total value of 50B ISK.
Within the first 2-3 days roughly half of the shares sold.
After that and until the closure of the IPO on sunday 2006.02.26 it was a trickle, that ended up in a total of 931 shares beeing sold.
The remaining 69 shares has been bought by BIG.
The 'usual' ways of acquiring/selling shares thus has to be used in the future (market forums, direct approach of shareholders etc)
Profit numbers for the first month of the BMBE
Expenses :
EVE-Radio ad : 140M ISK
Income
Loan profits : 0 ISK
Total profit : -140M ISK
Profit to be distributed to shareholders : 0 ISK
Yes you read it right - Not a single loan has been taken out.
A few facts about the actual usage of the BMBE so far:
117 persons have created an account.
41 of those has used/tested the interface as far as to putting some items into their 'shopping-basket'
5 has actually tried to hit the "Submit to staff" link (but has not contacted any BMBE staff - I suspect those 5 are simply 'tests' of the interface, and not earnest interest in taking out a loan)
I really dont know what to think...
One obvious reason is ofc that the BMBE is not that well known among the entire EVE populace just yet - That is hopefully something that will change over time.
One other reason I suspect, is that the model of having to put up security for a loan is not attractive enough - Even given the easy to use web interface to register this.
In concordance with this, based on the bit of feedback I've had, other 'items' than just those that can be recycled to minerals, are needed to be allowed to be put up as security.
Things like BPO's and T2 items/components (or items recycling to t2 components)
These where not originally intended to be allowed as security.
This will change in the near future however.
I actually intended to have this done a couple of weeks back already - But RL played a trick on me (timewise... RL work and me getting sick interfered)
Likewise for getting the BMBE web interface more IGB friendly.
-------
About getting the BMBE more well known (which is the first step to make anything else happen) :
Given the forum rules, it's limited just how much I can do there...
Having people (the shareholders...) add a link to their ingame bio etc. could help a bit... So I'll take this oppertunity to encourage that.
A bit of good news is that I got interviewd by one of the Interstellar Reporters the other day - Meaning, a news piece about the BMBE should hit the frontpage news in not too long.
This should up the awareness of the BMBE a bit.
Just how much that, and the planned improvements to the kind of security you can put up for loan, will have on the profits of the BMBE for the next month we will know, well, in a months time.
Lets hope I'll have better news next month.
BIG Lottery
[u |
Dark Shikari
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Posted - 2006.03.05 22:58:00 -
[2]
I think the issue here is that most minerals, T2 items, etc can all be sold easily on market without much effort.
The only things that people will give as collateral are things they can't sell for ISK easily and then rebuy... T2 BPOs and the like.
Another option is to give loans for no collateral but limit them in size based on the character's age and reputation.
[23] Member: Official Forum Warrior
What's with the blue robots? Click my sig.
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Polvek Tybor
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Posted - 2006.03.05 23:17:00 -
[3]
How about corporate bonds. New unknown corps get credit card rates (ie junk bonds) while the blue chips like ISS get to raise capital at better rates.
The reputation risk of default is much stronger for corps.
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Vanlade
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Posted - 2006.03.05 23:45:00 -
[4]
Consider allowing load toward a whole corporation, based on reputation rather then collateral.
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Mahrin Skel
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Posted - 2006.03.06 00:08:00 -
[5]
Well, I'll tell you the thought process I went through when I heard about it:
1) Oh, cool, I could use this, if I could get about 300M loaned against my 600M in inventory, I could ramp up my business a lot faster.
2) Well, hell, they'll only loan based on mineral value. My inventory is all T2 modules, mineral value something close to jack-squat.
3) And they want to hold onto the collateral? The collateral is my stock, if I can't put it up on sell orders, I can't make any money.
The question you forgot to ask is who your customer would be, and how your business structure could help them.
--Dave
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Kerushi
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Posted - 2006.03.06 01:20:00 -
[6]
would have had 800-90000mil profit by now if doing what i told u 
not that many visit eve radio (never go there personally), more luck on forum, wich is free
________________
I don't DO graphics, here's a sig anyway, wubwoo - Cortes
lol thanks :-) |
Henry Fredyericus
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Posted - 2006.03.06 20:01:00 -
[7]
So far you are doing great. Every new service needs a bit advertising and introduction to the community.
As an EVE bank, you are currently a leader in an uncharted lands, so it's expected to have a rough road.
But anyway...keep up the spirit.
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Baun
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Posted - 2006.03.07 02:03:00 -
[8]
 Originally by: Mahrin Skel
3) And they want to hold onto the collateral? The collateral is my stock, if I can't put it up on sell orders, I can't make any money.
Not really sure what people expect.
How else can they secure a loan other than holding collateral? Are they just supposed to trust you when they have no realistic means of holding anyone to a contract in EVE?
The Enemy's Gate is Down
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Alanix
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Posted - 2006.03.07 02:18:00 -
[9]
Quote:
And they want to hold onto the collateral? The collateral is my stock, if I can't put it up on sell orders, I can't make any money.
Umm...what good is collateral if it is held by the debtor rather than the creditor? You wouldn't take out a mortgage and ask the bank to just go ahead and give you the deed, because you promise if you default on your loan you'll give it back to them!
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Dark Shikari
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Posted - 2006.03.07 02:25:00 -
[10]
Originally by: Alanix
Quote:
And they want to hold onto the collateral? The collateral is my stock, if I can't put it up on sell orders, I can't make any money.
Umm...what good is collateral if it is held by the debtor rather than the creditor? You wouldn't take out a mortgage and ask the bank to just go ahead and give you the deed, because you promise if you default on your loan you'll give it back to them!
Not a good analogy.
Lets say you want to start a business, and you have 100 grand in gold that you can use as collateral. The bank offers you a 50 grand loan if they keep the gold.
Wouldn't you rather just sell the gold in the first place?
Any EVE bank is completely useless if they keep the collateral. If you take out a mortgage to get a house, and the collateral was the house, would it make sense for the bank to keep the house and not allow you to live in it?
[23] Member: Official Forum Warrior
What's with the blue robots? Click my sig.
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Alanix
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Posted - 2006.03.07 02:36:00 -
[11]
Dark Shikari: collateral is not collateral if the creditor doesn't keep it. The exception is RL, where the lender can put a lien on the item, like a car. In a game with no legal system, collateral is utterly useless if the creditor doesn't hold it? Do you really think that if someone defaults on their loan, they will just hand over their "collateral" to BMBE and say "oh well, a deal's a deal...here you go." ???
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Baun
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Posted - 2006.03.07 05:35:00 -
[12]
Originally by: Dark Shikari
Originally by: Alanix
Quote:
And they want to hold onto the collateral? The collateral is my stock, if I can't put it up on sell orders, I can't make any money.
Umm...what good is collateral if it is held by the debtor rather than the creditor? You wouldn't take out a mortgage and ask the bank to just go ahead and give you the deed, because you promise if you default on your loan you'll give it back to them!
Not a good analogy.
Lets say you want to start a business, and you have 100 grand in gold that you can use as collateral. The bank offers you a 50 grand loan if they keep the gold.
Wouldn't you rather just sell the gold in the first place?
Any EVE bank is completely useless if they keep the collateral. If you take out a mortgage to get a house, and the collateral was the house, would it make sense for the bank to keep the house and not allow you to live in it?
I don't want to beat this to death (last poster pretty much made the point I wanted to) but it does bear repeating.
In RL a bank has legal tools available to act on defaulted loans. Currently in EVE no such tools exist. There is absolutely no way to guarantee that you don't get cheated unless you hold the collateral.
Maybe contracts will fix this, but I doubt it.
The Enemy's Gate is Down
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Shimpu
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Posted - 2006.03.07 11:04:00 -
[13]
Originally by: Alanix
Dark Shikari: collateral is not collateral if the creditor doesn't keep it. The exception is RL, where the lender can put a lien on the item, like a car. In a game with no legal system, collateral is utterly useless if the creditor doesn't hold it? Do you really think that if someone defaults on their loan, they will just hand over their "collateral" to BMBE and say "oh well, a deal's a deal...here you go." ???
Absolutely 
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TornSoul
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Posted - 2006.03.07 18:26:00 -
[14]
Edited by: TornSoul on 07/03/2006 18:26:37
If there was a (secure!) way of doing away with the whole colateral thing - Believe you me - I would!
It's nothing but a pain in the ass tbh - Overhead in admin, overhead in coding, turns a lot of otherwise potential customers away etc etc etc.
But sadly, as many past discussions on these forums has shown, there simply is no secure and foolproof way of holding anyone in EVE accountable - and no, the new contracts system wont solve it either.
Due to alts/2nd accounts/use of multiple CC's/GTC's - Theres simply no way of making any ingame character accountable.
And if theres just the slightest 'loophole' in the system, you can be assured *someone* will use it to the max, and fleeze the BMBE (and thus the shareholders).
It's a tough universe we live in
BIG Lottery
[u |
TornSoul
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Posted - 2006.03.07 18:34:00 -
[15]
Originally by: Dark Shikari
Another option is to give loans for no collateral but limit them in size based on the character's age and reputation.
Originally by: Polvek Tybor
How about corporate bonds. New unknown corps get credit card rates (ie junk bonds) while the blue chips like ISS get to raise capital at better rates.
The reputation risk of default is much stronger for corps.
A little known fact is, that BIG prior to the BMBE operation, had run a inter-alliance banking system already.
And this was based solely on trust - I mean, your alliance mates would be the last ones to screw you ower - Right?
It took nearly a year to finally get the last loan repaid... (~700M ISK outstanding) and it was supposed to have run for only 8 weeks... I cant start describing how frustrating that was...
(corp in question is no longer in the alliance, but is still a well respected corp)
So age/reputation based - Sorry, doesnt work...
BIG Lottery
[u |
Adam Weishaupt
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Posted - 2006.03.07 18:36:00 -
[16]
Nobody? Hmm. Last night, I pondered becoming what I guess would have been your first customer because I just didn't want to make the trip to Empire to sell all my things...but I figured, prices are high, buy orders are plentiful, and I can buy something nice while I'm there. So I went and sold instead of doing the loan. And I actually found large buy orders higher than my usual bulk rate - thank you, Domain region.
Why not use the bank? Because my mineral assets are roughly as liquid as money. I can move them rapidly and often without any tax/broker fees through escrow by selling in bulk. Thus, using minerals as your main collateral is not attractive to me, since the only obstacle for me is getting up the pipe to sell them. And once I have a scout who's willing to go die to save my hauler, well...that's cheaper and faster than paying interest.
I believe you're 100% credible, and that you will do everything you can to succeed, but as you said, you've got to add T2 BPOs to the mix. I think you may get large, although infrequent, loans after that. I'll keep an eye on it - rapid access to ISK is good.
Good luck.
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TornSoul
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Posted - 2006.03.07 18:41:00 -
[17]
Edited by: TornSoul on 07/03/2006 18:43:12
Originally by: Adam Weishaupt
<snip>
my mineral assets are roughly as liquid as money. I can move them rapidly and often without any tax/broker fees through escrow by selling in bulk.
Which is excactly why we estimate the loan values on the mineral value of what items can be recycled into.
As we can simply recycle the items, and easily sell the minerals, to re-coup a defaulted loan
And hence you are ofc correct - Putting up (just) minerals as collateral, would in most cases be folly.
BIG Lottery
[u |
TornSoul
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Posted - 2006.03.07 18:46:00 -
[18]
Originally by: Adam Weishaupt
Nobody? Hmm. Last night, I pondered becoming what I guess would have been your first customer because I just didn't want to make the trip to Empire to sell all my things...
Theres another fine point - You wanted to actaully *sell* your stuff.
The BMBE is primary for people who want to hang on to their stuff - But is simply temporarily a little bit short on cash
BIG Lottery
[u |
Adam Weishaupt
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Posted - 2006.03.07 19:26:00 -
[19]
Yes, you're right. If I suddenly had a chance to buy something that I absolutley had to have, I wouldn't have time to liquidate my inventory unless I had something highly mobile like Zydrine. Anything else I'd be taking a loss on by discounting to a point where anyone would snap it up. So if you accepted faction items as collateral (do you?) that might broaden the opportunity for customers a bit, I can imagine wanting to hold on to a Core-X Large Armor Rep but needing some cash in the short term. Faction items are fairly stable in price, aren't they? I normally recycle anything not very valuable I get from loot drops, which brings us back to my previous point. I suppose there are also cases when large stocks of minerals (capital ships, outpost platforms) should not be sold outright, but could be used as collateral.
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TornSoul
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Posted - 2006.03.07 21:30:00 -
[20]
Yes - We do accept factional loot, but... Only at their mineral prices, and not their 'real' market value.
The main reason for this beeing, that the admin burden of having to track every items 'real' market value, is simply too much.
Capital ships and (non-deployed) outpost platforms and a few other things as well will be included as allowed items for the BMBE in the near future (I just need the damn time to get it done...)
BIG Lottery
[u |
Kerushi
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Posted - 2006.03.07 22:40:00 -
[21]
better use the pre-rmr tower prices as they are still around (just look at markets heh)
________________
I don't DO graphics, here's a sig anyway, wubwoo - Cortes
lol thanks :-) |
Dark Shikari
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Posted - 2006.03.07 23:07:00 -
[22]
As I said, the system will not work unless the customers can keep their collateral.
As it stands, it is impossible for a customer to be reasonably trusted with that collateral.
Thus, until the contract system comes out, a loan program is impossible.
[23] Member: Official Forum Warrior
What's with the blue robots? Click my sig.
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Vaar
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Posted - 2006.03.07 23:59:00 -
[23]
What about getting NAGA in on this. The person taking out the loan could transfer the BPO to NAGA. NAGA could either build the ships and trade them back to the BPO owner or insist they be used internally in the Stepstone Project. Naturally NAGA would need to take a cut of it prehaps some of it coming from the interest generated by BIG and some from the BPO owner equivalant to a percentage of the buildcost. Surely if there is someone people will trust it is NAGA. Plus the owners would not lose their way of repaying the loan back.
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Distrans
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Posted - 2006.03.08 01:23:00 -
[24]
Originally by: TornSoul
Yes - We do accept factional loot, but... Only at their mineral prices, and not their 'real' market value.
The main reason for this beeing, that the admin burden of having to track every items 'real' market value, is simply too much.
How is that? Cross-checking an escrow list with 10.001 basic items to me seems more of a burden than picking up one Machariel for 350M. Not to mention the collecting part in case the debtor fails to payback.
And market value: put some alts/corpmates in every empire region and have an eye on escrow (maybe shareholders can give a hand too, given their cut is increased  ). I'm not sure if the "hidden" market for owners of unlisted items differs much in prices, but valuing collateral 75 or 50% decreases the risk quite enough.
After a while You should get a feeling what the high-end faction loot is worth. Why not feed a database with that and have the averages shown on your homepage? That is something useful missing so far and would help with traffik / reputation.
Pulling NAGA or other producers with reputation in for the tII blueprints is a good idea.
It seems You must stick with the most precious goods for collaterals. Maybe You are going to have to close for some time before and after patches for markets to settle. Otherwise I see not that much a bigger risk or timesink in faction/tech II/~ bpos.
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Callan Skiderlar
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Posted - 2006.03.08 05:35:00 -
[25]
Perhaps the market needs some examples to understand the value of the service? Maybe you can list these on the BMBE site?
For example:
K.R. Bear is in a small corp that runs a couple of POSs. They have stockpiled a great deal of fuel at their central base, enough for a month's worth of operations for both towers. They have recently discovered a moon nearby with moon minerals that complement their existing materials. Nervous that someone might anchor a POS there, they would like to quickly acquire a tower and claim the moon. A bit short on cash, they decide to place 3 week's worth of fuel on collateral along with some stockpiled raw moon materials right at their station. Within a week, they pay back the loan and are in business with 3 POSs.
Maybe case studies will help people understand how and when the service will be valuable.
---
Selling:
Naglfars: 2.0B - build queue is: 2
Havoc Precisions: 300k per 1,000
Improved cloaks: 21M |
Mahrin Skel
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Posted - 2006.03.08 13:27:00 -
[26]
This is most potentially useful (given the need to hold the collateral) for exactly the kind of items you don't want to loan against: Faction modules and ships. These are assets of high value density, that someone isn't likely to use most of the time but would want to hang onto over the long term. A Navy Issue Battleship is a hangar queen, few people who have one fly it much, but it is readily sold on the escrow market for billions. The only practical use for factional modules is fitting out dreadnoughts and carriers, but they likewise have an easily realized isk value.
Any working asset simply can't be sacrificed for a loan, the player can make more money using it than with the cash he'd get from surrendering control. Under your current structure, this is only feasible with BPO's, which could be set by the BMBE to produce BPC's which the client could then use to keep the asset producing.
I'm not arguing whether the strictures and realities of Eve make it neccessary for you to hold the collateral, I'm telling you that this makes your service useless to 90+% of your potential clients. Both are unfortunate facts, that in combination make your planned business model untenable. Faction items are the *only* way out, as far as I can see.
--Dave
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Raem Civrie
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Posted - 2006.03.08 16:29:00 -
[27]
Previous poster nailed it right on the head. It'd mostly be HAC's and other t2 ships, or faction ships that I would broker in if I needed money, things that would not be easily replaced after I get money again.
---
Chairman of the Ice Mining Guild |
Argenton Sayvers
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Posted - 2006.03.08 17:09:00 -
[28]
I will give you reliable pricechecks on almost every faction item, ship and generally anything resellable for 1 share of your corporation. I will give the share back if i decide to discontinue this service for whatever reasons.
If you want the service for free, add Chingon and Snee to your addressbook, and simply ask for a pricecheck in modules channel when one of them is online.
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Baun
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Posted - 2006.03.08 18:10:00 -
[29]
So it seems like the consesus is the following:
By all means BMBE needs to keep the collateral but they need to loan against T2 items that do not recycle readily into minerals. This could be done with appropriate risk by observing the market price and handicapping the amount loaned and length of the loan in order to compensate for potential price fluctuations.
BPOs are probably still not feasible.
The Enemy's Gate is Down
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Rthor
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Posted - 2006.03.08 19:00:00 -
[30]
Maybe your interest charges are simply too high.
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Jimblob
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Posted - 2006.03.08 22:49:00 -
[31]
ask ccp to make billboard space available for in game corp adverts and then give you billboard time in exchange for being pioneers...
worth a try.
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Ray McCormack
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Posted - 2006.03.09 02:58:00 -
[32]
Originally by: Jimblob
ask ccp to make billboard space available for in game corp adverts and then give you billboard time in exchange for being pioneers...
worth a try.
Wow, we've been trying to do this for awhile now, since before the BMBE was even imagined. It's something that CCP have let slip too readily, pssobily for good reasons.
One being the simple fact that Eve is beautiful, and they would probaly, and more than likely, need to assign a full-time design team to turn our miserly pieces of advertising into acceptable artwork. No one wants to fly along and see '1 sell t3h V3lat0r Ch33p!1!!!1111' in space.
| The BIG Lottery | BIG Sales | 868871 | |
Silent Bruce
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Posted - 2006.03.09 04:02:00 -
[33]
Are bounties a way of discouraging default? Surely someone who's spent months skilling up a char won't want a big price on their head.
Just a noob trying to make sense of this.
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Jimblob
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Posted - 2006.03.09 16:10:00 -
[34]
I was originally going to say that the BMBE model must be secure in that nobody has tried to scam the system.
While faction ships and module prices are volatile, it may be worth including them as possible collateral. On the other hand the prices of these items will only ever go down as more players reach a point where they can get hold of them through effort rather than just buying the things. Loans based on faction items / ships could be for approx 50% of current market value and have to be approved by someone in authority. may work.
Bounty on a defaulter doesn't discourage defaulting. The bountied character just has to gain a bounty that offsets the cost of their clone + 100k to install a jumpclone and everything above that is profit. It's not possible to place a bounty on someone with a security status of higher than -1, so that won't work. A private bounty may work.
I'd say just keep advertising, keep working on the website (as long as it's a fun passtime) and see how things pan out with Kali contracts system.
Banks are long term investments / projects. The investors should have been aware of that whether it was stated or not.
Keep up the good work TornSoul.
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Kaaii
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Posted - 2006.03.09 22:08:00 -
[35]
Edited by: Kaaii on 09/03/2006 22:16:21
Link me the site Torn..
I'll try it out.
/edit Are you looking for investors(bankers?) or customers to loan money to?
"..Id rather fall beside 10 lions, than stand with One thousand sheep.."
Tradeing 101 |
TornSoul
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Posted - 2006.03.09 23:51:00 -
[36]
Edited by: TornSoul on 09/03/2006 23:52:34
Thanks.
Fixed
(case of too long a string variable... Damn them item names can get long...)
------
Currently looking for customers.
The BMBE got oodles of ISK ready to lend (50B ISK worth... Just sitting there... It's nearly a crime)
BIG Lottery
[u |
Renshu
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Posted - 2006.03.10 04:12:00 -
[37]
If you are prepared to take on big factional/T2 BPO items for loans, you can add a host of profitable services that would support your loan service eg.
The BMBE Price check
- Customers pay a reasonable fee to get a price check of the item.
- This price check is not a mere price check as it is also an offer to buy the item at that price.
- The customer could then arrange a loan, use the "price check offer" as the reserve price in their own auction or ask BMBE to publicly auction the item for them or sell the item to BMBE immediately at the check price.
- BMBE auctions charge an additional percentage of the sale price but save the customer the hassle of running an auction and are more likely to attract interest and serious bids - bidders know the item is held by a trusted party with no messing about.
- The price check info would come from trusted parties such as big traders, industrial corps or Alliances wanting the items, that would pre-bid on your web site for items they wanted in a "hidden trusted parties market", agreeing to pay if BMBE could obtain the item at that price. BMBE would get a percentage for obtaining the item at that price. The trusted parties should be anonymous to each other in this bidding to make it competitive. That would also enable them to sell items via it as well as buy if there were enough bids to preserve offers for the price check customers. The trusted parties market can work much like the Eve market with buy orders (perhaps requiring trusted parties to escrow some isk with BMBE in case they default on a buy offer). Trusted parties should only see the markets for items they have made bids/offers.The price check info just comes from the buy offers on this market.
- Buy offers on the trusted market would be liable for a fixed time (eg. week, month), that could be quoted. When a customer is given a price check, he would pay an additional holding fee to keep the price offer for the time required for loans/auctions etc. That could flag the offer as held in the trusted parties market to avoid a price being offered more often than could be honoured. The holding fee might need to be shared with the trusted party making the offer depending on how liquid the market is. You could also refund/credit the customer some of the holding fee, for cancelling their hold of a price check if no longer required, so that it can be made available for new price checks.
- BMBE can easily sell items to the trusted market if loan customers default on their loan and has a market to value them for loans.
So BMBE would start to operate it's own market even getting fees from the price check enquiries. All in addition to the existing loans idea.
It would be important to keep the price check info hidden from the public unless they pay for an individual check though the price check info would change dynamically with the trusted market. Trusted parties should only see the items in which they are participating and probably need restrictions on cancelling bids or keeping silly low bids to gain info on other bids. Of course they might no longer be trusted if they abused the market. Only start this with a few popular items adding to them gradually. The site can have a list of what it offers price checks on.
I'd suggest BMBE auctions be done on the actual Eve site for maximum visibility, but agree some "trade mark" in the title with Forum moderators to stop scamming. Each auction would have a link to a list of the auctions on the BMBE web site to make it easy for people to find the current auctions in the Eve forums.
I'm sure the above raises lots of questions, but hopefully adds some ideas. If BMBE can capture part of the Eve market the shares should be worth having ! |
Vestalia Gaea
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Posted - 2006.03.18 12:20:00 -
[38]
Originally by: Renshu
snip
There are some nice ideas here. Personally i'm new, but I would very much like to see the first operational bank in eve, and in the future i'll probably use it when I build up some assets of my own. And yes I would be much more likely to give t2 items and BPOs as collateral than items based on their mineral value.
'A disorderly mob is no more an army than a heap of building materials is a house.' |
Tommy TenKreds
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Posted - 2006.03.18 14:00:00 -
[39]
The Pawn Broker Model (because that is what this is) is an excellent one to apply in EvE since pawn brokers have historically always been able to operate in the most lawless of societies, based on their characteristic witholding of customers' pledges.
However, for you to succeed, your offer must be attractive to potential customers.
This will only be the case if you are able to lend money based on the market value of customers' pledges rather than their much lower base value.
Of course, this requires that you have sufficient expert knowledge to be able to correctly appraise items offered as pledges.
As an example, customer A may decide to apply for a loan based upon a spare Gila faction cruiser they have in their hangar.
By your present model, customer A will only be offered a loan equivalent to the maximum value of the minerals contained in a Gila, ~= 10 million ISK.
Gila faction cruisers have a stable market value of 60 million ISK (+or- 10 million ISK), so customer A may rightly feel that a maximum loan of 10 million is something of an insult.
Applying a correct pawn broker model, your appraisal expert should be able to value the Gila, as I have explained, and offer customer A a minimum loan of around 50 million ISK.
Needless to say, this level of loan would be far more attractive, while still presenting limited risk for the lender.
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Zachios Primos
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Posted - 2006.03.21 17:08:00 -
[40]
TS I have an idea for you, I'll evemail you when i am in game, perhaps we can work something out if you are interested
_______________
Zachios Primos > dunno why you just
stuck to the one sys
Wanem Dead > cause the can is here and
I go through ammo like you go through weed |
Zooish
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Posted - 2006.03.21 17:23:00 -
[41]
Been away for sometime and just woundered if the Big Merchant Bank has got off the starting block yet
and started lending ....
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Arimai
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Posted - 2006.03.21 18:26:00 -
[42]
Edited by: Arimai on 21/03/2006 18:26:57
Originally by: Renshu
The BMBE Price check
Very good idea :)
Oh and for the person suggesting that NAGA built items of the t2 bpo's...
I think *cough* that BIG also has a very nice t2 production department. Perhaps even bigger then NAGA if you talk about BIG-owned bpo's compared to what NAGA owns.
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TornSoul
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Posted - 2006.03.21 23:00:00 -
[43]
Edited by: TornSoul on 21/03/2006 23:03:19
Just a FYI - I follow this thread, and read all the ideas, just dont have time to adress them all atm.
It's also possible to discuss all things BMBE on the BMBE Forum
(it's a public forum on the BIG forum specifically made for the BMBE)
BIG Lottery
[u |
Serenity Steele
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Posted - 2006.03.23 11:49:00 -
[44]
Edited by: Serenity Steele on 23/03/2006 11:50:32
Edit: Hyperlinked URLS
First and Foremost I'd like to congratulate Torn Soul and BIG for getting Eve's first Merchant bank built, established and a succesful IPO to raise the funds.
It's always an exciting challenge to break new ground in Eve, and with all aspects of Emergent Play, it takes a lot of effort to pull the people and plan together, build it, educate the market and make it a success.
Having been beaten to the post by a few weeks on establishing an ISS Financial Services, I've taken the liberty of contributing to the big forums a number of urgent and critical actions that I believe are key to making the BMBE a commercial success.
As I'm sure BIG are aware, 'Build it and they will come' is a dead analogy of the Internet Bubble era, so it's time to work smart and not hard!
So ... I'd like to invite all fellow shareholders (and potential borrowers) to join me there by bringing their ideas to the BIG forums and discuss them in a structured maner. I know I can be hard to grab in-game, but forum activity I have more time for, so see you there. :)
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TornSoul
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Posted - 2006.03.23 20:17:00 -
[45]
Thank you very very much for the feedback Serenity!!!
As Serenity points out some Case Studies / Examples on Site / Forums are needed for the BMBE.
We could need a bit of inspiration there in fact - So please head over and drop your ideas.
-------
Also feel free to drop by with any other ideas/suggestions/complaints you might have - It's a forum specifically intended for the BMBE.
BIG Lottery
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Nessiwuem
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Posted - 2006.03.24 15:10:00 -
[46]
Since we are trying to make thing realistic, with the bank, shares etc. why not institute a law, and then i mean tort law, with the occasional security rights, so then you can sell the items, even though they have been burdened by a security. And institute courts to uphold it:) it's going to be even safer then in real life because of the ability to keep public registry on all goods.
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Elange4
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Posted - 2006.03.25 07:20:00 -
[47]
Tornsoul,
I have been absent the forums for a while, but would like to join your discussion; unfortunately the Big site linked will not let me register - I mention it here, cause I figure I am prolly not the only one...
Welcome to the fray Serenity 8)
--Elange4
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Ray McCormack
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Posted - 2006.03.26 04:33:00 -
[48]
If you use Norton, it'll have a problem with registering you on our forums.
It'll also hog your system resources, cause you untold migraines, and possibly take your first born.
Get in touch with me in-game and I'll try help you through it. Or disable it during registration if you do indeed run Norton.
| The BIG Lottery | BIG Sales | 465569 | |
Elange4
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Posted - 2006.03.29 21:31:00 -
[49]
TornSoul and the Investing Community:
On BMBE's Prospects...
I think it is important for people to remember that a "corporation" as founded over 500 years ago was to syndicalize risk; to build a pool bigger and safer than the owners/investors they themselves could manage; often to finance multiple ventures of a risky nature, so that should one fail, the others would still be viable.
What this means for BMBE, is that the reasons for the pool are still integrally valid - it is intact but for a few (small) expenses and the intent to turn profits only available to a large capital resevoir is still the primary purpose.
In fact, BMBE's potential grows daily (not a shameless plug) due to the fleshing out of the capital and IPO markets that is occuring. Sometimes the best opportunity IS to wait for the market to present itself.
Most of us who have invested can afford the investment still - 50 mil was an appropriate hurdle to keep the less established investors from crippling themselves with undue burden... if you thought the idea of 5% weekly profit was sound, then I am sure that the two months involved has not cost you too dearly.
Personally, I believe that the t2 BPO Market is an oppropriate venue to look towards loaning to; but that is just my humble opinion.
--Elange4
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TornSoul
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Posted - 2006.03.30 19:39:00 -
[50]
Originally by: Elange4
Personally, I believe that the t2 BPO Market is an oppropriate venue to look towards loaning to; but that is just my humble opinion.
--Elange4
It would seem that the t2 buyers are thinking the same
Theres been some inqueries as to what would be possible etc.
More on this when the second shareholder report will be posted in a weeks time.
BIG Lottery
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Elange4
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Posted - 2006.04.06 03:35:00 -
[51]
Edited by: Elange4 on 06/04/2006 03:36:20
Thanks Ray, problem solved: yes I am a computer idiot, but TornSoul & co. talk to me anyway.
To join the discusion at an important time in the development of the financial markets in/for eve, try out the BIG forum site, and also look at the Trader's Academy forums.
Also, keep watching the IPO's and Market Discussions here; it's all so wide open there's real money to be made quick, but caution and pragmatism are the call-signs for businessmen that even Socrates drew attention to.
Heed them.
--Elange4
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Callie Nefarious
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Posted - 2006.04.07 23:42:00 -
[52]
Whens the next report due?
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Exelsior
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Posted - 2006.04.08 15:52:00 -
[53]
Originally by: Callie Nefarious
Whens the next report due?
I'd like to know this too please.
-------------------------
Thou shalt be dispatched.
Originally by: Tuxford
Yes we don't play on our main accounts simply because you would lose all respect for us 
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Elange4
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Posted - 2006.04.08 16:31:00 -
[54]
Excelsior and Callie,
Ray has posted to the BIG Forums, and says it should be "sometime this weekend" - so, it will be soon.
Apparently there has been some shake-up in the business plan - TornSoul & co. have the financial acumen and fortitude to work it til it works...
PM me ingame if you'd like to talk about BMBE or the finacial markets. Im just a small stake holder (in BMBE), but I'm actively involved in the market's developments.
--Cheers
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Exelsior
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Posted - 2006.04.12 17:31:00 -
[55]
Well it's Wednesday and I still don't see any report. Having invested a lot of ISK in this I really would want to know how progress is going  .
Anyone know what is happening?
-------------------------
Thou shalt be dispatched.
Originally by: Tuxford
Yes we don't play on our main accounts simply because you would lose all respect for us
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Ray McCormack
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Posted - 2006.04.13 17:37:00 -
[56]
I've been away for a few days, so not had a chance to chat with TornSoul.
He is kinda busy IRL, and I think he was waiting for a few things to fall into place before making the post.
| The BIG Lottery | BIG Sales | 285082 | |
Ravenal
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Posted - 2006.04.14 13:57:00 -
[57]
provide links to a webpage that has all the info and stuff please...
.
-Fate is what you make of it.
-Make your own fate using T2 items produced by The Fated
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TornSoul
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Posted - 2006.04.14 21:51:00 -
[58]
(#2 - 2006.03) BMBE Shareholder Report is finally ready.
My apologies for the very long delay on this.... But RL simply hasnt left me much time as of late.
For general information about the BMBE : BMBE website
BIG Lottery
[u |
Zorael
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Posted - 2006.05.24 22:35:00 -
[59]
I was just looking at investments and wanted to see what playing the stockmarket was like. I dont know if this would be a vialable way to hold colateral or not. If colateral for a ship or ships for example where insured under your corp insurance and was lost wouldnt you recieve the isk as a corp. I know its not perfect and there are ways around it I guess just wondering if this could be useful.
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Lack of planning on your part doesn't constitute an emergency on my part |
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