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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2006.10.08 21:21:00 -
[1]
Since people asked:
EMFI is paying 5% to staff (2.5% to me 2.5% split over corpmembers) + dividends of shares bought by staff
AATP is paying 10% to staff + dividends of shares bought by staff
H-Te is paying 0% to staff (but the first shares @ 1m/share were bought by staff alone and shares are between 7 and 10m now)
STUFF is paying 10% to staff + dividends
It seems most corps (except ISS/BMBE) take between 0-10% I beleive ISS takes 30-50% (based on the 1-1.5b management fee? but that includes defenses? I don't remember, I will let ISS explain that) :P
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2006.10.09 08:20:00 -
[2]
 Originally by: Rabb Darktide
I think that the reason no one wants a loan is that the rates are insane. 5% of the total per week? With a 5% origination fee? That's what, a 265% APR? Those are mob terms...
Tornsoul doesn't have much choice in charging high rates, he needs to issue competative Dividends. After corporate growth and 40% salary. so... you do the math.
Honestly though, I think that for 40% you should also issue loans under 2b total value.... salary = labour.
More honestly... It has ran long ennough, I gave you the benefit a LOT of times..
I suggest that:
1/ you put the interest back up to a profitable level.
2/ you start a new corporation.
3/ you borrow all bmbe isk (you can use a lighter colleteral for yourself of course)
4/ you start paying interst.
5/ you start paying dividends.
or...
1/ Just pull the plug, issue all isk as dividends.. everyone walks away thinking "Good try, shame it didn't work, at least he didn't cling onto it like a octopus and at least he is honest and know when it has failed"
Some people only have 50m or so.. I have about 20b in BMBE, I had great hopes of great returns... but it has lasted long ennough now... make the isk work or step out.. but just sitting back and waiting time is over.
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2006.10.09 10:32:00 -
[3]
Yeh, to be fair...
Most BPO's are selling between 2.5 and 4 years payback atm.
Lets say I want to buy a 10bil BPO.. I have to bring 2.5b of own money, and BMBE will pay the rest, the BPO will pay 3.3b / year (for 3yr payback) or 5b/yr (for 2yr payback) or 6.7b / year (for 1.5yr payback)
Now I have to pay about 1.5% interest / week (I think this is the lowest) on 7.5b?
Which is 5.85b / year?
So theoretically I can use the service *if* I can find a BPO at 1.5yr payback or cheaper AND I have 25% of the isk liquid and then even it will take me 7.5years to pay of the loan?
This is in a market where, there are about 5 T2 BPO resellers that will just about buy anything and try to resell for 2-4yrs.
This is in a market where AATP, FIN, and some newer IPO's have 10's of bil to waiste on BPO's which will give a decent ROI?
Maybe it will become viable with Kali, but I doubt it. I will stick with my original reply...
EMFi had faith in you, EMFi is a big investor in BMBE, BMBE isn't producing the results we had hoped for. Lets change something radically, or lets stop the project.
It isn't working unfortunately... and I am sad to admit it, I had high hopes for your and my investors.
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2006.10.09 12:42:00 -
[4]
I think the advertised interest was 5.5%/week (or something) and that is what the first BMBE shares sold for. people expecting to see 5.5 x 4.3 / 2 monthly.
The business plan doesn't need to be changed if TS borrows all the isk himself (even without colleteral) and then generates profit from it.. he still would get the 40% salary for effectively managing 1 loan. it'd pain me to see him borrow the 102bil for 1.5% (or 2.25%) but it'd be better then nothing.
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2006.10.09 13:05:00 -
[5]
Yes, and IF he fails to loan out the isk and instead loans it out to BIG or one of his own corporations (at the original interest rate, not the heavilly discounted one) noone would complain I'd say?
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2006.10.13 17:49:00 -
[6]
40% means no excuse of "not ennough time" sorry, but that is just the way I call it... 50% (later 40%) was setup because a huge workload was expected, stuff can't not happen becuase of lack of time.
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2006.10.13 21:09:00 -
[7]
Originally by: Baun
Originally by: EMFi Manager
40% means no excuse of "not ennough time" sorry, but that is just the way I call it... 50% (later 40%) was setup because a huge workload was expected, stuff can't not happen becuase of lack of time.
No question.
What do you think of my idea Naph?
You mean the underwriter thingy? I don't really like it, unless BMBE loans all that isk to a underwriter company that pays interest to BMBE to do their thing :P
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2006.10.22 17:39:00 -
[8]
Hope it wasn't too serious and you are feeling better.
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