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Kal D'vogh
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Posted - 2006.08.16 17:21:00 -
[1]
Assets as follows:
Corporation Hanger Blueprints Capital Armor Repairer I Minmatar Service Blackbird Blueprint Dual Light Pulse Laser II Cynosural Field Capital Shield Booster I Capital Shield Transporter I
Items None
Delivery Items 489 Dual Light Pulse Laser II 71,698 units of tritanium 2,744,716 units of pyerite 17 units of nocxium
Isk in corporate wallet 4,325,502.75 Isk
In all, the value of assets of the UEMA that should be there are short. This amounts to an estimated 3 billion isk providing we count the 'supposed' loaned BPO's as assets of the UEMA.
Without those blueprints I estimate there is 4 - 4.5 billion in value missing from the UEMA based on the starting capital Mung was issued, and subsequent cash advances he recieved during his time as CEO.
Details in the journal indicate that Mung Lore has been skimming money from the corporate wallet during his reign as UEMA CEO on a regular basis.
As of this moment, I consider Mung Lore to be a thief. Should anyone wish to view the corporation records themselves, namely investors I will allow 3 members of the public access to the corporation with junior accountant role in order to view the situation with my prior approval.
In light of the current situation, there are two options that I am considering at this time.
option 1: Purchase all remaining shares we hold in the UEMA and restructure it using the extra cash flow. I will make a decision on what exactly the corporations purpose and role will be within the EIB family. However production will be unlikely. Because I can consider the shares Mung held to be a write off, I will create enough shares to make his stake insignificant. In such an event, the original shareholders will be contacted and should they still hold shares, will be issued with an equal ratio ensuring their stake remains at the same percentage. Unless we can link old shareholders to new ones with 100% confirmation, i'm afraid people will miss out. Mung Lore can prevent this by returning shares however I wouldn't count on it.
Option 2 : Liquidate the UEMA. Liquidation will be done by contacting original shareholders and repurchasing shares. Those not on the list will miss out. Again, if Mung has any honour left in him he will return his shares and we can proceed with the liquidation in the proper manner.
Should Mung fail to return shares and assets, details of his main characters will be posted as to allow the investors to deal with him as they see fit.
In the event of liquidation, shareholders can expect a minimum 75% return on the original shareprice. This is a guarantee set by the EIB contract and the EIB will honour it. Do not contact us asking to be reimbursed for your shares. You will be contacted via the list we have and initially only the amount you purchased will be refunded (-25%) should you still hold those shares.
This process is not up for discussion and my decision is final on this matter.
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Deovina
Cataclysm Enterprises
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Posted - 2006.08.16 18:32:00 -
[2]
Perhaps you should have stated earlier that trading UEMA makes them wortless...
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JP Moregain
Gallente Moregain Guaranty Trust
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Posted - 2006.08.16 18:42:00 -
[3]
Originally by: Kal D'vogh In the event of liquidation, shareholders can expect a minimum 75% return on the original shareprice.
Just for clarification, a 75% return on the original shareprice would indicate that you are paying 175% of the IPO price, whereas a 75% return of the original shareprice would indicate that you are paying back 75% of the original book/NAV per share, which equates to a -25% return on the original share price.
Clarity in communication FTW...
Regards, JP
"In JP We Trust, All Others Require Collateral..." |
Dark Shikari
Caldari Imperium Technologies Firmus Ixion
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Posted - 2006.08.16 19:06:00 -
[4]
I think you mean "Minmatar Service Outpost Blueprint" and "Cynosural Field Generator Blueprint." The names were cut off.
--[23] Member--
Originally by: DB Preacher The only time BoB's backs are to the wall is when Backdoor Bandit is in local.
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Dark Shikari
Caldari Imperium Technologies Firmus Ixion
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Posted - 2006.08.16 19:09:00 -
[5]
Edited by: Dark Shikari on 16/08/2006 19:11:23 I can see your predicament, Kal. Mung could try using alts and friends to get payment for his shares. Either way this is a possible problem.
Edit: You say you will let three members of the public in to "audit the books" with Junior Accountant role. Is it possible for either me or EMFI to get that role to check out Mung's supposed thieving?
--[23] Member--
Originally by: DB Preacher The only time BoB's backs are to the wall is when Backdoor Bandit is in local.
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2006.08.16 19:21:00 -
[6]
Kal, could you please also include the balance of UEMA bank account with EIB in the audit result?
Regards,
Alt of Naphtalia
Visit my investment site |
Lireil Crow
Supero Omnia
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Posted - 2006.08.16 21:04:00 -
[7]
Edited by: Lireil Crow on 16/08/2006 21:10:58 Hi there, This is my main, Mungs Lore main (see Kal you dont scare me, and I have a reason for everything that is worng with the books, ) 90% of the book were done on Mung Lores account and not through the corp wallet) I fell I have nothing to hide in this, you dont tell how EIB is running then I wont tell how UEMA ran, (BTW I used alot of high end mins, maybe that could of been were the money was sent to my main for .. ummm like stated in my IPO that I would do.
BTW
Cally sent 1billion isk with the flot when I got the T2 BPO about 3 weeks later I asked for a 2nd 1bil flot becouse 1billion it wasnt enought to keep min supplys with out buy orders. So 2billion was sent to UEMA not 1 your trying to scam and need to stop.
making making more shares, it just proves your trying to scam.
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Devilish Ledoux
Caldari Caldari Provisions
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Posted - 2006.08.16 21:19:00 -
[8]
Originally by: Lireil Crow Edited by: Lireil Crow on 16/08/2006 21:10:58 Hi there, This is my main, Mungs Lore main (see Kal you dont scare me, and I have a reason for everything that is worng with the books, ) 90% of the book were done on Mung Lores account and not through the corp wallet) I fell I have nothing to hide in this, you dont tell how EIB is running then I wont tell how UEMA ran, (BTW I used alot of high end mins, maybe that could of been were the money was sent to my main for .. ummm like stated in my IPO that I would do.
But isn't that ... bad?
The Billionaire Buccaneer (A Blog for the Bored) |
Lireil Crow
Supero Omnia
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Posted - 2006.08.16 21:28:00 -
[9]
Edited by: Lireil Crow on 16/08/2006 21:30:01 no becouse alot of work I need to do (for cheap mins and that were done through min contracts UEMA had) were done through escrow. there is no way a corp can do that right now.
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Exelsior
The Echelon
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Posted - 2006.08.16 21:30:00 -
[10]
I prefere the second option, in which case please contact me for liquidation, I should be on your list. As to Mung, I see no reason not to use corp wallet unless you buy from escrow, and I doubt you bought your high end minerals through that...
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Exelsior
The Echelon
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Posted - 2006.08.16 21:31:00 -
[11]
By the way, even if Kal is lying about a 1b missing, there are still about 3-3.5b missing from the corp. How do you explain that?
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Lireil Crow
Supero Omnia
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Posted - 2006.08.16 21:32:00 -
[12]
your worng I got alot of low ends from a contract UEMA had they went through escrow.
(dont ask me for the name for there protection as they stated from the start of the contact I will not give it)
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Lori Gendo
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Posted - 2006.08.16 21:33:00 -
[13]
Originally by: Exelsior By the way, even if Kal is lying about a 1b missing, there are still about 3-3.5b missing from the corp. How do you explain that?
easu the corp never had 3 bil to start off with.
1bil flot was send the day UEMA fot the first t2 BPO, 1bil more flot was sent to meet production, and some contracts UEMA for mins, 3 weeks after when UEMA start the t1 division.
No more isk was sent after that, and you can check the UEMA books on that thanks.
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Exelsior
The Echelon
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Posted - 2006.08.16 21:33:00 -
[14]
Edited by: Exelsior on 16/08/2006 21:33:08
Originally by: Lireil Crow your worng I got alot of low ends from a contract UEMA had they went through escrow.
(dont ask me for the name for there protection as they stated from the start of the contact I will not give it)
Protection? From who? What would happen to them? They only thing they have to fear is a new contract and a question to verify they really did supply you. Why all these shady dealings?
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Lireil Crow
Supero Omnia
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Posted - 2006.08.16 21:34:00 -
[15]
Edited by: Lireil Crow on 16/08/2006 21:34:46 d-mn resserch alt.. sorry
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Exelsior
The Echelon
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Posted - 2006.08.16 21:36:00 -
[16]
Originally by: Lori Gendo
Originally by: Exelsior By the way, even if Kal is lying about a 1b missing, there are still about 3-3.5b missing from the corp. How do you explain that?
easu the corp never had 3 bil to start off with.
1bil flot was send the day UEMA fot the first t2 BPO, 1bil more flot was sent to meet production, and some contracts UEMA for mins, 3 weeks after when UEMA start the t1 division.
No more isk was sent after that, and you can check the UEMA books on that thanks.
And who are you? Another of Mung's alts?
So you're saying that UEMA only ever got 2b ISK, and that the supposed 'missing' ISK is still held by EIB?
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Lireil Crow
Supero Omnia
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Posted - 2006.08.16 21:51:00 -
[17]
Edited by: Lireil Crow on 16/08/2006 21:51:57 no its not missing, total flots given to UEMA were 2billion isk no more. BOOKS can conferm this. as stated in the other post (not in this thread), I gave the owner of the 3 non UEMA BPO's about 1.2bil in UEMA assets to cover his lost of the 3 blueprints.
about 50 or so mil for a reserch service. and about 75bil for a cruser BPO and 100 or so for a 2nd cruser BPO (in witch I did take (didnt mean to), and will be returned) all other assets were in forum of dual light pulse 2's on placed on the market.
I will return the cruser BPO after I saw it in my hanger last night to EMFI for hem to return it or hold until he does the can do this audit right. Kal I trust to do this as much I as I any of you with my life.
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Lireil Crow
Supero Omnia
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Posted - 2006.08.16 21:55:00 -
[18]
anyway I'm not going to play game and just my actions for how I ran UEMA, if you want someone who does the right audit, then get EMFI, but I would not turst Kal if my life depended on it.
I'm dont talking about this, the only person who I will let contact me in any matter is EMFI, he knows me and all my mains. (all of them). and speaking of so did Cally.
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Dark Shikari
Caldari Imperium Technologies Firmus Ixion
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Posted - 2006.08.16 21:57:00 -
[19]
Originally by: Lireil Crow
Hi there, This is my main, Mungs Lore main
Didn't you claim over and over that you bought this character 4 months ago and that this wasn't your main?
--[23] Member--
Originally by: DB Preacher The only time BoB's backs are to the wall is when Backdoor Bandit is in local.
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Lireil Crow
Supero Omnia
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Posted - 2006.08.16 22:02:00 -
[20]
Yes I did, but this is my mian as far as UEMA goes, EMFI knows my other mains, and my main-main, but this is the only I play with must right now. so he is my main.
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Exelsior
The Echelon
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Posted - 2006.08.16 22:03:00 -
[21]
Originally by: Lireil Crow anyway I'm not going to play game and just my actions for how I ran UEMA, if you want someone who does the right audit, then get EMFI, but I would not turst Kal if my life depended on it.
I'm dont talking about this, the only person who I will let contact me in any matter is EMFI, he knows me and all my mains. (all of them). and speaking of so did Cally.
He apparently has many mains, and the main-ness of his mains fluctuates....
As to EMFi talking to you, I've seen you talking to EMFi. You spewed crap at him, at me, and continuously called him and me liars and showed total distrust. Now you say you will trust him with a proper audit?
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Salazar N'terre
Caldari Intergalactic Combined Technologies
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Posted - 2006.08.16 22:08:00 -
[22]
Edited by: Salazar N''terre on 16/08/2006 22:12:48 you would think by now emfi would charge a fee to be yelled at by mung lore/lirel crow/kuame lore.
The investors really got the shaft with this ipo! To think Mung felt bad about the whole SVE thing when he was trying to pitch this IPO far far back. Now its starting to look like another soap opera ending to another IPO gone bad.
"People who think they know everything are a great annoyance to those of us who do." "Laugh and EVE laughs with you. Cry and EVE laughs louder."
-Anonymous |
Taurequis
Waylander 01
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Posted - 2006.08.16 22:20:00 -
[23]
Hi again,
I'm starting to think that both sides would be best just quitting this forum crap and sit around a table working out the best way to proceed for the investors....
It seems to be your common ground. You both want what is best for them so you say....
Stop the high drama, have a nice chat about where to go next without any overly emotional knee jerk reactionism that seems to have been running riot in the last week.
Sort it out so all parties can walk away happy.
Taur
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Lireil Crow
Supero Omnia
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Posted - 2006.08.16 22:36:00 -
[24]
I can deal with that, I vote for EMFI to set something up
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Ricdic
Caldari Corporate Research And Production Pty Ltd
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Posted - 2006.08.17 02:30:00 -
[25]
Originally by: Lireil Crow I can deal with that, I vote for EMFI to set something up
Why don't you use this time to take the initiative and set it up yourself? Every time EMFi has helped you, you decide to turn on him. So why would he go out of his way to help you now, when I get the feeling he is sick of this saga and wants nothing to do with it.
You have accused him of all kinds of things, now ask him to do your work for you.
Insured Research and Production Services |
Kal D'vogh
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Posted - 2006.08.17 02:33:00 -
[26]
Originally by: Dark Shikari Edited by: Dark Shikari on 16/08/2006 19:11:23 I can see your predicament, Kal. Mung could try using alts and friends to get payment for his shares. Either way this is a possible problem.
Edit: You say you will let three members of the public in to "audit the books" with Junior Accountant role. Is it possible for either me or EMFI to get that role to check out Mung's supposed thieving?
Yes I will allow both of you access.
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Kal D'vogh
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Posted - 2006.08.17 02:34:00 -
[27]
Originally by: Dark Shikari I think you mean "Minmatar Service Outpost Blueprint" and "Cynosural Field Generator Blueprint." The names were cut off.
I typed them as they appeared in the corporate hanger.
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Kal D'vogh
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Posted - 2006.08.17 02:37:00 -
[28]
Originally by: Lireil Crow Edited by: Lireil Crow on 16/08/2006 21:10:58 Hi there, This is my main, Mungs Lore main (see Kal you dont scare me, and I have a reason for everything that is worng with the books, ) 90% of the book were done on Mung Lores account and not through the corp wallet) I fell I have nothing to hide in this, you dont tell how EIB is running then I wont tell how UEMA ran, (BTW I used alot of high end mins, maybe that could of been were the money was sent to my main for .. ummm like stated in my IPO that I would do.
BTW
Cally sent 1billion isk with the flot when I got the T2 BPO about 3 weeks later I asked for a 2nd 1bil flot becouse 1billion it wasnt enought to keep min supplys with out buy orders. So 2billion was sent to UEMA not 1 your trying to scam and need to stop.
making making more shares, it just proves your trying to scam.
Your main main's name begins with 'N' Stop trying to kid everyone. You had alot of support from the anti EIB and now where is it. By your own admission, you have done everything you had accused me with.
Still want to save face? Send over the shares and remaining assets as that will be o good start.
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Dark Shikari
Caldari Imperium Technologies Firmus Ixion
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Posted - 2006.08.17 02:41:00 -
[29]
Originally by: Kal D'vogh
Originally by: Lireil Crow Edited by: Lireil Crow on 16/08/2006 21:10:58 Hi there, This is my main, Mungs Lore main (see Kal you dont scare me, and I have a reason for everything that is worng with the books, ) 90% of the book were done on Mung Lores account and not through the corp wallet) I fell I have nothing to hide in this, you dont tell how EIB is running then I wont tell how UEMA ran, (BTW I used alot of high end mins, maybe that could of been were the money was sent to my main for .. ummm like stated in my IPO that I would do.
BTW
Cally sent 1billion isk with the flot when I got the T2 BPO about 3 weeks later I asked for a 2nd 1bil flot becouse 1billion it wasnt enought to keep min supplys with out buy orders. So 2billion was sent to UEMA not 1 your trying to scam and need to stop.
making making more shares, it just proves your trying to scam.
Your main main's name begins with 'N' Stop trying to kid everyone. You had alot of support from the anti EIB and now where is it. By your own admission, you have done everything you had accused me with.
Still want to save face? Send over the shares and remaining assets as that will be o good start.
It would be fairer if he traded those shares and remaining assets for the BPOs you have that aren't UEMA's. But yes, I agree, that needs to happen.
--[23] Member--
Originally by: DB Preacher The only time BoB's backs are to the wall is when Backdoor Bandit is in local.
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Nobues
Supero Omnia
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Posted - 2006.08.17 04:37:00 -
[30]
Yes This is my main aso, (this is mung lore speaking BTW)
anymore tricks?
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