Spaceman Gene
The Raging Armada
Brutally Clever Empire
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Posted - 2007.02.09 01:38:00 -
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Chapter 2 - Background on origins, concepts and current business
I am a successful T2 producer that is looking to expand my interests into capital ship
production as well as increase my existing T2 production portfolio. My expected market
activity will approximately be:
Trade û 20%
Production û 70%
Market Speculation û 10%
Of course any new venture carries risk, and while I believe they will be successful, it is not fair
for me to expect investors to share this risk. However, I have a solution to this problem.
The solution is to take control of assets completely out of my hands and put it in the hands of a
Trust. I will not have any shares at all in the Trust, and will only have the role of director.
Hence it would not be possible for me to unlock any BPOs or kick all the corp members from
the Trust and effectively be left with control of the BPOs. The power to do this would reside
entirely with the trustees of the Trust.
If I do not honour the agreement with investors, the trustees can sell off the assets to cover the
investors.
Of course to make the investment ôscam proofö, there are additional checks and balances that
are needed.
1. To cover such contingencies such as errors in valuations or fluctuations in the value of
assets, the assets will have to secure more than the invested capital. The value of
assets held by the trust will have to exceed the invested capital by at least 120%.
2. To ensure that the assets held in trust really secure the invested capital by 120%, the
assets will be valued by the trustees with consideration to past auctions, profit and any
expert consultation they may find necessary.
3. To ensure that more bonds are not sold than what the assets cover, the number of
shares will be limited to prevent this from happening. If more shares are needed once
more capital secures them, they will be issued after approval by the third party.
Obviously more shares can only be issued if the shareholders uphold the vote to do so.
Subsequently if a legitimate share issue is approved by the trustees and proposed as a
vote, shareholders agree to vote in favour of the proposal. If this is blocked by the
shareholders, payment of interest will be withheld until this legitimate vote is passed. It
should be noted that additional shares will in no way whatsoever affect the guaranteed
return of existing shares in any way.
Scam-Proof LOL... Are you sure you are not Cally reincarnated?
This looks very similar to... a very elaborate scam... The money that is being taken in can buy T2 BPO's and it can also pay a dividend on share for a period of time. But there are no SCAM-PROOF investments in EVE, there is always risk. That fact alone along with past equally elaborate scams is what motivates me to post my doubt.
scam me once, shame on you, scam me twice, shame on me.
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