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[Xanotech] - Letter to Investors

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Aeaea XanoTech	Posted - 2006.10.25 05:11:00 - [1] Please keep all smack out of this forum thread, please keep all nit-picky details about this issue in the other Xanotech Thread. Dear Xanotech Investor, As you may or may not know, current situations prohibit me from running Xanotech the full extent of my ability, and thus I must step aside in running the corporation. Obviously such a deal would mean that there would be great changes in the corporation. There are a few things I must make you all aware of, I consider 4126 shares of the corporation to be rightfully mine, 2626 of these were backed by my own funds, and the remaining 1500 are as compensation for dividends not received during my tenure. This may seem very confusing and irrelevant, however I have been asked for full disclosure on this matter. There are current three options for the corporation to take. Liquidation û All Xanotech assets would be sold and liquidated, and a final dividend issued, this would equate to roughly 1.75M per Xanotech share that you may have in your wallet. Transfer û Xanotech would be transferred to a new (trustworthy) CEO, a buyback will be offered for an undisclosed (close to 1.75M isk per share) value. The new corporation will continue to operate the corporation as I do at this moment. I would love to disclose this potential CEO, but I am waiting on a final word from him on the proceedings. Merger û Xanotech would be transferred to a new (trustworthy) CEO, and merged into the current mega corporation. EMFi AATP is the current person undertaking this, I can only assume that Xanotech would be merged into AATP, although all shareholders would have the option to sell back their shares at the NAV price. Ladies and Gentlemen, whatever road Xanotech follows, I am glad to have faithfully served the CEO of Xanotech for so long, it makes me happy to know that I have doubled the investment of those who initially invested with me. A vote will be held within a few days to address which option we will take, the previous vote has been bugged so I am forced to do this again.
Aeaea XanoTech	Posted - 2006.10.25 05:13:00 - [2] [Placeholder, Thank You]
EMFI AATP Advanced Astrological Technology Production	Posted - 2006.10.25 07:46:00 - [3] I confirm the merger offer. The merger option would mean: 1) All corp assets will transfer to AATP * Corp Wallet * Ships (on market and in hangar) * Minerals (on market and in hangar) * Buyorders/etc * BPC's * BPO's * 4000 Xano shares in corpwallet AATP will offer 28.5b for the remaining 16000 (public+ceo) corpshares. Each share will be bought back @ 1.78m isk or exchanged for 174 AATP shares (at 10.200 isk/share) at the investors choice. A Xano investor may chose to exchange part of his shares for isk and part for shares as well. This offer is pending AATP shareholder vote (but I am sure it will be voted positively) and any shares needed for the sharedeal will be created by AATP to cover; the isk is already available. We accept Aeaea having 4126 shares as a medium (there were a lot of discussions about this number being between 8126 and 2626 shares. Meaning that Aeaea will receive 7.345b for his stake in isk+shares I like to point out that after the merger Xano will fall under AATP charter, meaning you are freed from the "After 10 months the CEO gets a lot more" clause... and also 30% will be used for corp growth instead of 20% under the AATP charter. AATP feels confident of offering a fair merger/buyout/hostile takeover option to Xano investors. And we are very excited of being the first merger in eve-history! EMFI AATP, CFO AATP Homepage
stingy CEO High roller corp	Posted - 2006.10.25 09:11:00 - [4] Edited by: stingy CEO on 25/10/2006 09:11:38 After reconsideration, I confirm : I am willing to take over Xano and to keep running it with the intent of growth for the 4126 shares held by the current CEO, I bid 6 Billion. buyorders slightly below NAV will be erected at EGSE, 1.45mil / share. This is the highest I am willing to go. If the investors want to have an instant payout, they will be better served with the offer from AATP.
Aeaea XanoTech	Posted - 2006.10.25 18:30:00 - [5] Edited by: Aeaea on 25/10/2006 18:31:00 Edited by: Aeaea on 25/10/2006 18:30:35 Liquidation In the case of liquidation expect to get similar payouts between what our two competitors offer, however the corporation will not continue. The obvious pros of this situation is quick payout of isk for your shares, however because the corporation will not continue this means that there is no long-term investment. AATP Merger In the case of a merger, you will get as an investor (either or, or any combination of equal value) of 1.78M per share, or 174 AATP Shares. The corporation would be transfered to a different charter and corporation assets would be allowed to grow at faster then current rates. Transfer to Stingy CEO In the case of a transfer, Stingy CEO will purchase the corporate shares for 1.45Mil/Share and continue running the corporation, you will get as an investor 1.45Mil/Share should you decide to cashout. Similar to AATP, Stingy CEO will focus the corporation to have more growth.
Devilish Ledoux Caldari Caldari Provisions	Posted - 2006.10.25 19:11:00 - [6] Merger sounds fun. Bear in mind that XANO investors would be getting AATP shares at 10.2k, which is definitely a bargain. I don't know what BPOs/BPCs XANO has, but they're certain to be put to good use. This will increase both the dividend and the NAV/share for AATP considerably. I honestly don't see how XANO or AATP investors could lose on this. That's my 1% (of AATP, give or take). _ The Billionaire Buccaneer (Now with 50% more Roleplay!)
Dark Shikari Caldari Imperium Technologies Firmus Ixion	Posted - 2006.10.25 19:12:00 - [7] Edited by: Dark Shikari on 25/10/2006 19:12:31 Originally by: Aeaea AATP Merger In the case of a merger, you will get as an investor (either or, or any combination of equal value) of 1.78M per share, or 174 AATP Shares. The corporation would be transfered to a different charter and corporation assets would be allowed to grow at faster then current rates. Also note that AATP shares are currently worth (on the EGSE) more than the 10200 ISK that AATP has valued them at for a share exchange. So Xano investors would probably make a good bit more. I'd personally endorse the AATP option, simply because it is run by a proven, trusted group of people, sells through STUFF (and thus has effective sales and gets a bunch of nice dividends from STUFF), and is well organized. Flat out liquidation would probably be unfair to shareholders. (Full disclosure: I own 700,000 AATP shares.) -[23] Member- Awesome new space games site, from the editor of E-ON!
Simon Meyer Gallente Silent Sun Enterprises	Posted - 2006.10.25 19:44:00 - [8] Sad to see you leaving XanoTech, Aeaea. As per your eve mail request I'm posting here. Good luck with your future endeavours, if you ever return to the market you can count on my Isk's P.s.: I've voted for the merger option
Zoraks Gallente Ascending Dawn	Posted - 2006.10.25 20:02:00 - [9] Personally I don't like any of the options, but i understand your lack of time to dedicate to the IPO. Unlike other investors who voiced there vote, I will choose to keep my vote secret. However either way this goes I wish you the best of luck in your future and I hope i have another change to invest into your corp.
Caroglac Amarr The Arrow Project The ARR0W Project	Posted - 2006.10.25 21:09:00 - [10] Hmm I control just over 954k aatp shares and no xano shares.... I say control becouse they are owned by the "mini-fund" that I manage.. anyway, Im currently on the fence but leaning toward xano being merge'd "bought out" by aatp... Cap Ship Sales

T'Renn Vale Heavy Industries SMASH Alliance	Posted - 2006.10.25 21:43:00 - [11] I've made my vote. I would like to thank Aeaea for his forthrightedness and full disclosure during this process. -- Eh... 24k? I can't make a sig that doesn't suck and keep it under 24k. Oh well.
Aeaea XanoTech	Posted - 2006.10.25 22:18:00 - [12] I wouldn't want to speculate on the results, however it seems that last nights evemail to all known investors and the votes got plenty of attention here, for clarification of those who have asked, I am not voting, or edging any particular option. I do, understandably have my favorite option, but for all fairness I will not disclose that before the vote results are in.
Caroglac Amarr The Arrow Project The ARR0W Project	Posted - 2006.10.25 23:55:00 - [13] in the aatp vote... just cast 954k votes for the aquisition :) Cap Ship Sales
Nate D Priory of Saints	Posted - 2006.10.26 07:45:00 - [14] MERGE! <3 EMFI&AATP -Nate --- Face it... CCP wants me!
stingy CEO High roller corp	Posted - 2006.10.26 08:05:00 - [15] Seems as a spindoctor, I've met more than my match in certain people here. before I go on the bandwagon and yell -WHOAH A MERGER- I want to remind people that they have voted for getting ridd of their shares for a surplus value of something that no more than two months of xano dividends could've covered; and that if they are trading their shares for AATP shares; they are getting stock that is perfectly happy achieving 4 % dividend (correct me if I'm wrong but that's what the fancy PDF file said) Anyway... WHOAH A MERGER ! ITS NEVER BEEN DONE IN EVE 11!!!
Elange4 Haven Industries Daikoku Trade Syndicate	Posted - 2006.10.26 09:14:00 - [16] Nothing against EMFi here, and although I also appreciate Aeaea's forthright dealings, I am going to vote for transfer to Stingy. The consolidation of the IPO market seems unavoidable, but imho the market's very strength is it's broad, independent managements... in the same idiom as multiple and public ownerships of each the IPO corporations' shares, a diverse range of interests will immunize the worst of unbalanced financial issues. EMFi already moves markets; by taking even more responsibilty the volatility inherent in our "One-Man Corp Management" is only magnified. We all know now that really, each Megacorp/IPO can only be run by one person, due to corp theft, espionage, and the fact that EvE promotes betrayal; just as we all know that a one-man corp's lynchpin revolves on Real-Life issues beyond game control. I only have a few shares, but Stingy CEO gets my vote: He's already run an IPO as a singleton, and I watched him grow into the role from outrageous showman, to level-headed public persona. He's got guts and he knows what he's getting into. He also proved to me and many others a diehard dedication to his investors, as he shut down his first IPO by buying out all of his investors in a rational and fair method. Im not trying to talk anyone into anything, but I ask all to consider what stabilizes and de-stabilizes the (IPO) market as a whole... --Elange4 Haven Industries Business Plan HVID Blog: http://haven-industries.blogs
EFS Manager Eve Financial Services	Posted - 2006.10.26 09:32:00 - [17] See what happens when you are out of it for a while. Another option would be a merger with FIN in the sense that Xanotech shares would be swopped for FIN bonds at the going release rate. Although this may not provide for much speculation on value, it will give a very stable guaranteed return. I know it is something some investors would like although others may not, so I leave it as an open suggestion. Kind regards, EFS Manager
Dark Shikari Caldari Imperium Technologies Firmus Ixion	Posted - 2006.10.26 10:13:00 - [18] Originally by: stingy CEO Seems as a spindoctor, I've met more than my match in certain people here. before I go on the bandwagon and yell -WHOAH A MERGER- I want to remind people that they have voted for getting ridd of their shares for a surplus value of something that no more than two months of xano dividends could've covered; and that if they are trading their shares for AATP shares; they are getting stock that is perfectly happy achieving 4 % dividend (correct me if I'm wrong but that's what the fancy PDF file said) Explain how you could magically make more money than AATP with the same BPO. Its the same blueprint. Its the same product. The only difference is that you have no limit on the amount of cash to take for yourself. -[23] Member- Awesome new space games site, from the editor of E-ON!
stingy CEO High roller corp	Posted - 2006.10.26 13:41:00 - [19] Well, shikari; Of course I can't make magically more money. Xano dividends have been around 9 % or above if you consider IPO price. If I whih to make a tad more growth in the company, it would drop a bit, but not by alot. AATP offers a buyout of the shares of Xano, so if you sell your shares, you get a quick cash injection (more than in my offer), and that's it. AATP also offers a trade for their shares, but these shares have a set goal of 4-6 %. It's not because they will get this BPO cheap that the entire corp will prove to be so efficient as to go over the 6% optimist estimate stated by them. Therefore, until through time and redistributed profits they can prove that they can do that, trading in your xano shares for AATP shares is losing isk on the longer term compared to my offer.
EMFI AATP Advanced Astrological Technology Production	Posted - 2006.10.26 14:46:00 - [20] Originally by: stingy CEO Seems as a spindoctor, I've met more than my match in certain people here. before I go on the bandwagon and yell -WHOAH A MERGER- I want to remind people that they have voted for getting ridd of their shares for a surplus value of something that no more than two months of xano dividends could've covered; and that if they are trading their shares for AATP shares; they are getting stock that is perfectly happy achieving 4 % dividend (correct me if I'm wrong but that's what the fancy PDF file said) Anyway... WHOAH A MERGER ! ITS NEVER BEEN DONE IN EVE 11!!! thx stingy, though you confuse FIN with AATP (FIN = fancy PDF with 4% bond value) AATP is just a t2 production corp. AATP Homepage

EMFI AATP Advanced Astrological Technology Production	Posted - 2006.10.26 14:51:00 - [21] Originally by: stingy CEO AATP also offers a trade for their shares, but these shares have a set goal of 4-6 %. It's not because they will get this BPO cheap that the entire corp will prove to be so efficient as to go over the 6% optimist estimate stated by them. Stingy, Stingy, if you wanna throw mud throw it at the correct corp. AATP != FIN, Fin has 4-6% target as a bond note AATP has no such thing and is 100% public owned... our shareprice has gone up 20% and will probably go up more.. we have been doubling dividends since we started each month and are expected to keep doubling dividends as well... NAV has increased about 10%/month as well... Though I am not unhappy if you win the vote <3 I think we need to be clear to start throwing mud based on facts... first of all AATP never wrote a fancy PDF do your research!!! Elange, concerns noted, but please note that EMFI = CFO of AATP not CEO, that is Gavin Paradise of FTEK. an independant CEO. Yes I hold the BPO fund, and I do the paperwork and handle dividends and I handle mergers and acquisitions, but EMFI doesn't run AATP :P AATP Homepage
EFS Manager Eve Financial Services	Posted - 2006.10.26 15:06:00 - [22] Originally by: EMFI AATP thx stingy, though you confuse FIN with AATP (FIN = fancy PDF with 4% bond value) AATP is just a t2 production corp. Excuse me! That is MINIMIM 4% bond value. Also, since AATP has stolen my siggy it is fair for people to get confused about it
EMFI AATP Advanced Astrological Technology Production	Posted - 2006.10.26 15:19:00 - [23] change your siggy then! <3 AATP Homepage
stingy CEO High roller corp	Posted - 2006.10.26 15:20:00 - [24] it's the sigs. Apologies :)
Devilish Ledoux Caldari Caldari Provisions	Posted - 2006.10.26 18:35:00 - [25] Stingy does make a point that XANO stockholders should be aware of, though. Previously, XANO was providing a 9% dividend (according to Stingy, and that sounds about right). This was because they have one good BPO, and a smaller number of investor capital to pay off. So even though they don't make as much raw profit per month as AATP, the pie has fewer pieces and everyone gets a bigger piece (per share). So yes, it is likely that AATP will have smaller dividends than XANO because the profits are spread out more. However, the biggest reason AATP has had small dividends was because they hadn't spent all of their BPO budget, so a lot of their assets weren't working for the company. However, that problem (along with a supply issue) is being resolved rapidly and I expect that AATP will start posting solid dividends in the very near future. When you add in the fact that AATP is also offering a cash buyout for XANO shareholders, (at current market rate, no less), I think the merger works for both the long-term investor and the patient lover of dividends. But still. Stingy is right that AATP probably won't post 9% dividends any time soon, unless I'm reading the trends wrong (which is entirely possible). Gavin would know better than I. _ The Billionaire Buccaneer (Now with 50% more Roleplay!)
EMFI AATP Advanced Astrological Technology Production	Posted - 2006.10.26 18:48:00 - [26] Edited by: EMFI AATP on 26/10/2006 18:48:49 Don't forget that XANO was posting 9% on 1m/share Quote: But still. Stingy is right that AATP probably won't post 9% dividends any time soon, unless I'm reading the trends wrong (which is entirely possible). Gavin would know better than I. don't have to post 9% dividends since we are paying 74% EXTRA AATP shares.. to cover 9% over 1m we need to do about 5% on AATP shares. you really have to take AATP's dividends x 1.74 to see the dividends to compare... this deal :P if you do math do it right. At 1.74m/share marketprice (what you should be looking at becuase that is what AATP is offering) Xano is paying roughly 5%... I am sure your AATP shares will be offering something simmilar as well.. since you are getting 174 AATP shares and not 100 aatp shares / xano AATP Homepage
Dark Shikari Caldari Imperium Technologies Firmus Ixion	Posted - 2006.10.26 19:28:00 - [27] Edited by: Dark Shikari on 26/10/2006 19:28:46 Originally by: Devilish Ledoux But still. Stingy is right that AATP probably won't post 9% dividends any time soon, unless I'm reading the trends wrong (which is entirely possible). Gavin would know better than I. This is correct, but AATP also has the advantage of higher diversification. If the Ishkur falls in price with Kali, Xanotech shares will become worth less. However, with an AATP merger, the impact will be a lot less. AATP has: Medium Pulse Laser II Viator 100mn Afterburner II Heavy Electron Blaster II Claymore EMFI's point is also correct: At 1.74m per Xano share, they're not paying 9%, they're paying 5%. It will be very easy for AATP to make 5% or more. -[23] Member- Awesome new space games site, from the editor of E-ON!
Aeaus Tabula Rasa Systems The Star Fraction	Posted - 2006.10.26 19:31:00 - [28] Originally by: EFS Manager Originally by: EMFI AATP thx stingy, though you confuse FIN with AATP (FIN = fancy PDF with 4% bond value) AATP is just a t2 production corp. Excuse me! That is MINIMIM 4% bond value. Also, since AATP has stolen my siggy it is fair for people to get confused about it Don't worry, I get confused by those signatures too. (a lot)
EMFI AATP Advanced Astrological Technology Production	Posted - 2006.10.26 22:29:00 - [29] AATP vote is completed, AATP Shareholders voted 90% in favour of our offer to Xano Shareholders. This means our offer stands. AATP Homepage
Siklone The Arrow Project The ARR0W Project	Posted - 2006.10.27 05:07:00 - [30] As an investor of both companies, and reading all of the pertinent information, I'm 110% behind a merger of XANO and AATP. XANO was an awesome company, and it was run very well. AATP shares these same traits, and I trust XANO's assets will be put to good use in AATP. AATP is putting investor money to good use in this deal, especially if it's idle. The merger is a very good choice. It's a win/win for all parties. :) I voted for a merger both ways. Here's hoping it goes well. o/



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