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Tsun
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Posted - 2006.05.07 16:01:00 -
[31]
still waiting for the post TS :)
@Baun: i know that the commulative Profit up until now has been already sent out, but as TS said, the current loan is guranteed to give out interest for the next 10 weeks.
Why would i want to share that profit with additional 1000 shareholders instead of keeping it ?
I do not have doubts aswell that the 50B will get paid out asap once the current loan runs out. In the opposit, BIG will have more potential custmers fighting about the same capital. What does that mean for us ? BMBE can raise the interest rates to maximise the shareholders profit.
That's one possible extreme pov to not vote for the share increase. Up until now TS didn't give me valid arguments to change my position. If he does, i'll gladly buy more share :) (and more then double my invested money)
no Girls, no Schnaps, no Place to stay !
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Tsun
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Posted - 2006.05.07 16:07:00 -
[32]
 Originally by: ArtemisEntreri
I know you're asking Tornsoul but I'll give you an what-if:
If they give out more shares
more isk is going for the loaning purposes
more isk earned by BMBE
More isk possibly lended later on
therefore more dividends,
but for the next month this would sadly be true what you're thinking, that your shares will decrease in value, but possibly later on increase.
I am a shareholder and great that people are using this service (finally)
Btw hope this made sense
hey artemis,
yeah your post made perfect sense, but fact is, there is no way my dividends can increase through an increase of shares. Only in the best possible way (if the 50B get loaned out immediatly) my dividends stay the same. So i can not see, why i as a shareholder, should vote yes for a share increasment as i do have no gain at all from it.
You understand what i mean ?
cheers,
Tsun
no Girls, no Schnaps, no Place to stay !
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TornSoul
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Posted - 2006.05.07 18:21:00 -
[33]
Further up I mentioned that regardless that the shares are non-voting shares, we still do listen to points brought forward by the shareholders, and that I would demonstrate this once more.
A very valid point about the pricing of the shares for the new IPO have been brought forward.
Namely the fact that they are sold at the same 50M ISK value, and that it would be more resonable if the price was higher.
I'll have to admit to having made a mistake in that regard... And I apologize for that.
The new shares should indeed (for various reasons mentioned) be sold at an increased value.
As such, I'm hereby changing that value.
From monday may 8th 00.01, the price of the BMBE shares for this 2nd IPO will be raised to 52M ISK.
(I've edited the original post to show this change)
Those shares already purchased, and up to sunday may 7th 23:59, will still be valid for the 50M ISK amount.
Anyone sending ISK to purchase shares at the old value, after the above deadline, will be informed of the change, and be given the option to withdraw (and getting the ISK back) or pay the remaining needed ISK to meet the new price.
Important note : Current shareholders will be allowed to buy at the 'old' price of 50M ISK up until the original deadline (sunday may 14th 23:59) for old shareholders having priority.
After that date, current shareholders will have to pay the new 52M ISK price per share as well.
I hope the above meassures will satisfy the current shareholders.
I also hope we wont see too many complaints about 'changing the rules'...
Happy Buying.
BIG Lottery
[u |
TornSoul
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Posted - 2006.05.07 18:21:00 -
[34]
Edited by: TornSoul on 07/05/2006 18:22:24
Alot of concern has been raised about the fact that current shareholders dividend 'gets halfed' with this new IPO (unless they buy new shares) - Until all of the newly raised ISK has ben laoned out again.
This is correct.
And this also was pointed out in the initial IPO anouncement.
Have a look at (*5).
The listed examples even point out that, the effect on dividend from the first few IPO's will be felt more than later IPO's will.
This is one (of many) reasons why the shares are non-voting shares.
Because, as demonstrated in this thread, many current shareholders will be reluctant to 'give up their advantage', by letting others have a go at the BMBE shares as well (new IPO).
Absolutly understandable really - But it's however not helpfull for the expansion of the BMBE.
And I would like to point out what the expansion of the BMBE actually entails:
- More people can get helped with a loan, to be able to purchase whatever it is they are after.
- More people get a chance to benefit from the profit that the BMBE generates.
The impact of BMBE, is more than only satisfying existing shareholders...
But human nature is... well, just that, human nature - So people are usually more concerned about their own bottom line than other effects that doesnt directly concern them.
This behaviour has been anticipated, and, as mentioned above, is one of the reason why the shares are non-voting shares, else the chances of the BMBE ever expanding beyond the first IPO would be dire indeed.
What happens if the ingame vote does not go through, and the 1000 new shares are not created?
A new identical vote will be put up, and hopefully the shareholders will have come to reason by then.
If not, a new BMBE holding corp will be created (BMBE2), that automatically will have 1000 shares.
Regardless that this is a new corp, the shares from BMBE and BMBE2 will be treated as one.
This will unfortunatly add some additional logistical headaches, and unnessesary work for the BMBE, so I really do hope it wont come to that....
The above scenarios, should also make it clear, that potentially the issuing of bought shares could end up rather delayed.
Best case scenario is that we start giving out the shares late monday night, ie. tomorrow (if the original vote goes through), worst case is an added delay of another week (for the 2nd vote, and if it also fails, creation of BMBE2)
BIG Lottery
[u |
TornSoul
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Posted - 2006.05.07 18:21:00 -
[35]
Let me start by stating what only a few seems to remember, like Shar Tegral
Originally by: Shar Tegral
Now I would also be upset by stock decisions without some before hand knowledge or ability to influence them. However BMBE is quite clear... they promise not to rip you off {A promise that you can count on} but these shares are "non voting" shares. Notice no vote?
And let me repeat it from the original IPO launch
Originally by: TornSoul
- The shares are non-voting shares (You will have no say in BMBE business).
The reason for the ingame vote to issue more shares is a pure game mechanical necessity, and does not in any way imply that the current shareholders have any say in the matter.
I'm sorry for beeing so blunt about it - But reading the posts here it seems it bears repeating.
That said, we *do* however listen to constructive arguments and suggestions for new ways for the BMBE.
The final decission however rests solely with the BMBE.
I believe we have already proven that we listen, with the introduction of t2 BPo's as security.
And a bit further down in this post you'll see another example of this.
But first let me addres a couple of other issues.
-------------
Although the following have already been rebuffed by others, I'll add my bit as well.
No one but clients of the BMBE will ever touch any of the ISK raised by the IPO(s).
The ISK can *only* ever be spend by BMBE clients.
The reasons for this should be rather obvious - If it's spent by anyone else than BMBE clients, the ISK is gone, and can no longer make any profits for BMBE&Shareholdes.
So - the ISK cant be touched by BIG, nor FA, nor any other entity - except BMBE clients.
Clear enough?
BIG Lottery
[u |
Mr Ratty
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Posted - 2006.05.07 19:22:00 -
[36]
Thanks Torn, so as i sent isk allready i wont need to add the extra 2m a share? cool.
There is one point raised in the thread that might warrent some further thought by Bigbank, the fact that 100% of the profits is paid out 50/50 to BMBE/Shareholders.
lets assume all 100bn is lent out all the time, we shareholders will get a fixed income from this, but the shares will not increase in price or offer any increase in profit even tho the bank is doing a roaring trade  .
Seem that plowing some of that profit back into the loan pool would be benifitial to all, the bank would have more to lend, thus get more interest, thus make our shares worth more and whist there would be an initial drop in dividends, in the long run this would return more. eg a 40/40/20 split BMBE/Shareholders/Loanpool.
The last report showed 2.8bn profit if i recall, if this ipo sells that and is all loanded, then logicly you are looking at 5+bn profit, putting 20% back means an extra bn a month to lend.
<><><><>
Freelancing Corp |
Exelsior
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Posted - 2006.05.07 19:29:00 -
[37]
Thank you for the replies and comprehension Torn 
I agree with the above poster, if some of the profit could be reinvested and used as loan money, it would increase ROI over time and be generally good for stock price and dividends.
Thou shalt be dispatched.
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Baun
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Posted - 2006.05.07 21:01:00 -
[38]
40/40/20 split seems like a good idea.
It would decrease the problems with issuing new pulbic offerings whenever the isk amount is maxxed out and it would increase the value of the company over time. Furthermore, it can be implimented easily.
The Enemy's Gate is Down
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TornSoul
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Posted - 2006.05.07 21:08:00 -
[39]
Originally by: Baun
40/40/20 split seems like a good idea.
It would decrease the problems with issuing new pulbic offerings whenever the isk amount is maxxed out and it would increase the value of the company over time. Furthermore, it can be implimented easily.
I kinda like the bolded bit.
Havent thought of it that way before tbh.
I'm inclined to go this route - It will however not happen right away.
I wont thinker with the dividends of May.
At the end of the month we'll see how things look and re-visit the subject, and perhaps implement it for June (no gurantees though, we'll have to see)
BIG Lottery
[u |
Femintaki
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Posted - 2006.05.07 21:49:00 -
[40]
Well I have sent my isk for additional shares (as an early adopter of BMBE shares).
Looking forward to receiving them once TS can do so.
Cheers
Fem
Quote:
Do or do not - there is no try!
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Dr Peace
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Posted - 2006.05.09 21:35:00 -
[41]
We have decided to take up this opportunity to become shareholders.
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Ray McCormack
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Posted - 2006.05.10 01:14:00 -
[42]
Originally by: Baun
40/40/20 split seems like a good idea.
Yeah.
I like that. And it could be sustained for possibly longer than EVE will be around.
I'm suprised you didn't suggest 50/30/20, but then I realised you do know TornSoul quite well.
| The BIG Lottery | BIG Sales | 375197 | |
Callie Nefarious
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Posted - 2006.05.10 09:49:00 -
[43]
When are we likely to see the shares in wallets? (free bump)
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Aaro'ne Erviale
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Posted - 2006.05.10 13:51:00 -
[44]
I'd like to add that @ EGSE we welcome this second IPO and the creation of an additional 1000 BMBE shares. More shares = more possible share transactions.
I'm also glad the IPO price was raised to 52M, cause the alltime BMBE share price on the EGSE is 52.13M/share.
Currently 15 BMBE shares allready changed hands over the EGSE and we're looking forward on trading more!
Good luck with the second IPO and see y'all on the EVE Galactic Stock Exchange!
Greetings,
Aaro'ne Erviale
CEO of EVE Galactic Stock Exchange
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Aeco Feife
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Posted - 2006.05.10 16:02:00 -
[45]
Not really trying to be an a--hat,
It's not really proper to refer to a second IPO...its a secondary offering.
I = intial.
This may well be one of those things like PDS = PDU, but I'm not really very hip.
-Aeco
yes, an alt posting due to corp rules
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TornSoul
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Posted - 2006.05.10 20:28:00 -
[46]
Originally by: Aeco Feife
Not really trying to be an a--hat,
It's not really proper to refer to a second IPO...its a secondary offering.
I = intial.
This may well be one of those things like PDS = PDU, but I'm not really very hip.
-Aeco
yes, an alt posting due to corp rules
Not a problem 
I actually did mention this in the real/first IPO
Originally by: TornSoul
(*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 SMO, Second Market Offering)
So there 
But as mentioned - I'm sticking with the IPO term for ease of reference, and it beeing what most people will asscociate with what is going on (selling shares).
BIG Lottery
[u |
TornSoul
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Posted - 2006.05.10 21:37:00 -
[47]
Shares have been distributed 
I must say that the sales of shares arent experiencing the same rush as with the first IPO...
As of this writing, only 304 shares of the new 50B IPO have been sold...
I wonder if things will pick up after the deadline for current shreholders having priority (comming sunday)
We'll see...
BIG Lottery
[u |
Callie Nefarious
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Posted - 2006.05.10 23:51:00 -
[48]
Thanks Torn.
I'd have baught moe but I'm really feelign a pinched wallt at the moment hehe.
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Shar Tegral
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Posted - 2006.05.12 17:29:00 -
[49]
So there are still shares available Torn?
Submit News
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Mr Ratty
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Posted - 2006.05.12 22:09:00 -
[50]
50m is a lot of isk for some, and there have been a lot of IPO's of late, so maybe peeps have shared the welth allready.
i got my 10 so i'm happy LOL
<><><><>
Freelancing Corp |
Jack McFarlane
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Posted - 2006.05.13 12:24:00 -
[51]
I'm currently rating this one as a "buy". You can check out the report at:
http://eve.hubau.be/index.php?page=corps&ticker=BMBE
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Callie Nefarious
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Posted - 2006.05.13 16:21:00 -
[52]
I'm all out of isk or is sure of baught more, so I'm lookgin forward to the third offerign when hopefully my dividends will have baught in the possibility of a few more shares.
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TornSoul
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Posted - 2006.05.13 20:28:00 -
[53]
Shares are still selling - But it sure is a faint trickle atm (with a few huge buy exceptions)
Currently 371 shares old.
Theres quite a long way to a 1000 sold shares...
BIG Lottery
[u |
EMFi Manager
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Posted - 2006.05.13 21:24:00 -
[54]
EMFi increased her position in BMBE to 100 shares (5bil) to sit tightly in the Safe/Steady section of the financials in her portfolio.
We have confidence that this corp will be led to a profitable future.
EMFI General IPO is LIVE! |
Baun
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Posted - 2006.05.14 00:15:00 -
[55]
TS can you indicate the level of current interest you are getting for loans?
If there is really a significant back log of people who want to take loans and there is no cash then people should be made aware in order to prompt sales.
The Enemy's Gate is Down
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EMFi Manager
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Posted - 2006.05.14 00:56:00 -
[56]
Edited by: EMFi Manager on 14/05/2006 00:56:13
I have had a long chat with TS. at the moment most of the isk is loaned out (estimate 40b) there is 1 interested party for 30b who they can just about help (or just not?) with teh shares being sold so far.. however the contract for 30b isn't signed yet.
Over 400 shares sold now btw :P
EMFI General IPO is LIVE! |
Baun
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Posted - 2006.05.14 01:13:00 -
[57]
Originally by: EMFi Manager
Edited by: EMFi Manager on 14/05/2006 00:56:13
I have had a long chat with TS. at the moment most of the isk is loaned out (estimate 40b) there is 1 interested party for 30b who they can just about help (or just not?) with teh shares being sold so far.. however the contract for 30b isn't signed yet.
Over 400 shares sold now btw :P
Right well I this may sound odd .... but I asked the question because I knew the answer ;)
The Enemy's Gate is Down
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TornSoul
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Posted - 2006.05.14 21:52:00 -
[58]
Well - I understand where you're comming from Baun.
The thign is, I get 'lots' of inqueries about loans.
Many are just that - Enquiries.
Others are genuinly in need, but only if they win auction X.
Basically I prefer to not 'announce' anything until a deal has actaully be struck (and the ISK loaned) - Simply to not give the wrong impression.
Might end up getting accused for 'hyping' it otherwise :-)
What EMFI refered was simply some chatter we had, and not something I myself would like to state as a direct 'announcement' of the state of affairs.
It caries a different weight when it comes directly from me...
That said - It would seem that a new 11B loan have been secured.
Only a matter of getting the BPo to be used for security out of production (2 days) and that should be it.
The aforementioned 30B loan - Seems to have moved a bit further into the future - 3-4 weeks (mostly due to the person in question beeing too busy in RL atm etc. to do what he plans to do with the ISK)
BIG Lottery
[u |
TornSoul
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Posted - 2006.05.16 22:29:00 -
[59]
So - Heres some firm info
Two BMBE loans have just been closed today.
One for 7B and another for 11B.
First @3.5% and expected to rnu for 8 weeks, and the second a 2.5% loan to run for 15 weeks.
So additional income for the BMBE ensured for quite some time into the future.
But we really need to get some more shares sold now...
BIG Lottery
[u |
Baun
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Posted - 2006.05.17 16:23:00 -
[60]
Originally by: TornSoul
So - Heres some firm info
Two BMBE loans have just been closed today.
One for 7B and another for 11B.
First @3.5% and expected to rnu for 8 weeks, and the second a 2.5% loan to run for 15 weeks.
So additional income for the BMBE ensured for quite some time into the future.
But we really need to get some more shares sold now...
Sounds pretty good, don't know why you are having trouble moving the remaining shares.
The Enemy's Gate is Down
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