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(#9 - 2006.10) BMBE Shareholder Report

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TornSoul BIG R i s e	Posted - 2006.11.15 20:16:00 - [1] www.BIG-EVE.com/BMBE http://en.wikipedia.org/wiki/Procrastination I'm sorry guys... I'll get to it... Don't know if this post makes things better or worse... But there you have it... BIG Lottery [u
Dark Shikari Caldari Imperium Technologies Firmus Ixion	Posted - 2006.11.15 20:23:00 - [2] Edited by: Dark Shikari on 15/11/2006 20:26:11 Edited by: Dark Shikari on 15/11/2006 20:24:57 Originally by: TornSoul http://en.wikipedia.org/wiki/Procrastination I'm sorry guys... I'll get to it... I like your honesty. But on a more serious note, even if you've managed to get some loans out, I think this is the time for BMBE to liquidate at least some of its funds. It would be perfectly reasonable to dividend, say, 50% of BMBE's capital and make the shares have a base value of 25m instead of 50m. The only way I will back down from this request is if you've managed to get out at least 15% of BMBE's capital in loans this month or have good reason to believe you'll be able to get at least 25% of BMBE's capital out in loans next month. If you don't see BMBE being able to use more capital any time soon, it is time to liquidate, IMHO. Also, what do you think about Kali? A T2 BPO-secured loan might be used by a producer worried about invention. If the price of the BPO collapses, he runs off with the cash. -[23] Member- Awesome new space games site, from the editor of E-ON!
Montaire Lacedaemon. Sparta Alliance	Posted - 2006.11.15 20:35:00 - [3] What I think would be a better option is to get some loan officers. Give em a cut of the return, and go pound the streets. I bet the O'mara team could change the way large alliance and corps get ships for their members with enough capital. I think there is a crap ton of money to be made, but you should do what real banks do when they have piles of money laying around; 1. Make it more enticing to borrow money. 2. Go find people to loan money to. BMBE could make a lot of money.
JP Moregain Gallente EVE Reserve Bank	Posted - 2006.11.15 20:59:00 - [4] Edited by: JP Moregain on 15/11/2006 21:01:24 The saying in the banking industry goes: "It's easy to give money away, the hard part is getting it back..." I really don't think you want TornSoul going down that path. Perhaps when the contracts system is in place we can assess the viability of more lending, but for now it is just a bad idea; this is not a comment on your specific borrower example at all, just the state of EvE currently at least on the server that I spend my time on. I agree with Dark Shikari, if you can't earn a reasonable return on your shareholders capital the only responsible thing to do is return it (or some of it). Returns are a function of both profits generated and the amount of capital being employed to generate those profits. All people are saying in this case is "please make the denominator in this equation a more managable size." Best Regards, JP http://www.evereserve.com
Valrandir Shiva Morsus Mihi	Posted - 2006.11.17 17:01:00 - [5] Yeah -------------------------------- This has surpassed the Yarrdware specification and has been dubbed Uberware.
herot Icarus Ascendant	Posted - 2006.11.24 17:46:00 - [6] Edited by: herot on 24/11/2006 17:47:09 Tornsoul, if you can't find the time in nearly a month to write down whether any new loans were given out the privious month or not. How on earth are you supposed to be able to find the time to help customers with their loan request? I must say my confidence in you and and you abilility to make something of this venture has all but evaporated at this point. I think it would be not only the shareholders best interest to liquidate at this point, but also in yours. Since you have worked hard at gaining a good image in the eyes of the community, and the current sordid state of affairs, at least in my opinion, can't be said to be beneficial in that respect.
Dark Shikari Caldari Imperium Technologies Firmus Ixion	Posted - 2006.11.24 18:10:00 - [7] Originally by: herot I must say my confidence in you and and you abilility to make something of this venture has all but evaporated at this point. I think it would be not only the shareholders best interest to liquidate at this point, but also in yours. Since you have worked hard at gaining a good image in the eyes of the community, and the current sordid state of affairs, at least in my opinion, can't be said to be beneficial in that respect. Quoted for truth. If you want to salvage your reputation, Tornsoul, I strongly suggest you liquidate. -[23] Member- Awesome new space games site, from the editor of E-ON!
Shar Tegral	Posted - 2006.11.24 18:31:00 - [8] Originally by: Dark Shikari If you want to salvage your reputation, Tornsoul, I strongly suggest you liquidate. I hold some BMBE shares, no way as much as some of you, but I'm more than inclined to let TornSoul continue onward until after Kali. The use of contracts could very well be a powerful tool for re-railing this derailed train. So far the only thing I've lost out on is some dividend payments due to lack of activity. Of course I'm looking to use the contracting system to create much more suitable "corporate paper" in the future myself so maybe I'm biased as much by my like for TornSoul as I am for my hopes on the new system. Protagonist must have an Antagonist. Otherwise he's just a guy playing with himself. Arknox > shar with bad hair day >>> solution = suicide and spawn fresh clone :D
Dark Shikari Caldari Imperium Technologies Firmus Ixion	Posted - 2006.11.24 18:32:00 - [9] Originally by: Shar Tegral Originally by: Dark Shikari If you want to salvage your reputation, Tornsoul, I strongly suggest you liquidate. I hold some BMBE shares, no way as much as some of you, but I'm more than inclined to let TornSoul continue onward until after Kali. The use of contracts could very well be a powerful tool for re-railing this derailed train. So far the only thing I've lost out on is some dividend payments due to lack of activity. This is true, but as far as I have seen, Tornsoul doesn't have the time nor motivation to do this. If I trusted Tornsoul to do the necessary work to run BMBE, I would agree with you, but right now, I don't see it happening. -[23] Member- Awesome new space games site, from the editor of E-ON!
Verite Rendition Caldari AUS Corporation CORE.	Posted - 2006.11.25 01:25:00 - [10] Originally by: Dark Shikari Originally by: Shar Tegral Originally by: Dark Shikari If you want to salvage your reputation, Tornsoul, I strongly suggest you liquidate. I hold some BMBE shares, no way as much as some of you, but I'm more than inclined to let TornSoul continue onward until after Kali. The use of contracts could very well be a powerful tool for re-railing this derailed train. So far the only thing I've lost out on is some dividend payments due to lack of activity. This is true, but as far as I have seen, Tornsoul doesn't have the time nor motivation to do this. If I trusted Tornsoul to do the necessary work to run BMBE, I would agree with you, but right now, I don't see it happening. I'm not sure I agree liquidation is the solution, but I completely agree that it doesn't seem like Tornsoul is getting the necessary work done. ---- AUS Corp Lead Megalomanic

dabster Minmatar Celestial Apocalypse Insurgency	Posted - 2006.11.25 13:12:00 - [11] Originally by: Verite Rendition Originally by: Dark Shikari Originally by: Shar Tegral Originally by: Dark Shikari If you want to salvage your reputation, Tornsoul, I strongly suggest you liquidate. I hold some BMBE shares, no way as much as some of you, but I'm more than inclined to let TornSoul continue onward until after Kali. The use of contracts could very well be a powerful tool for re-railing this derailed train. So far the only thing I've lost out on is some dividend payments due to lack of activity. This is true, but as far as I have seen, Tornsoul doesn't have the time nor motivation to do this. If I trusted Tornsoul to do the necessary work to run BMBE, I would agree with you, but right now, I don't see it happening. I'm not sure I agree liquidation is the solution, but I completely agree that it doesn't seem like Tornsoul is getting the necessary work done. I dont see anything coming in Kali that would potentially all of the sudden bring more loan-takers. ___________________________ Brutors Rule! My Eve-vids; Click.
Jann Kilik Caldari Caldari Provisions	Posted - 2006.11.29 19:59:00 - [12] Shareholder report is almost a month late now, am I the only one who finds this unacceptable? Haven't seen a dividend in almost two months now, am I the only one unhappy with this? No hope in sight, and not a peep out of TornSoul, am I the only one who thinks BMBE is a bust? Anyone?
Marla Roo Caldari Shinra	Posted - 2006.11.29 22:30:00 - [13] Originally by: Jann Kilik Shareholder report is almost a month late now, am I the only one who finds this unacceptable? Haven't seen a dividend in almost two months now, am I the only one unhappy with this? No hope in sight, and not a peep out of TornSoul, am I the only one who thinks BMBE is a bust? Anyone? Not at all. I completely agree with this. TornSoul has not furnished the documentation nor the explanations necessary. If this were a real company, publically traded on the NYSE or other exchange, there would be no tolerance for late reporting. We should put it to a shareholder vote on whether to liquidate completely or not.
EFS Manager Eve Financial Services	Posted - 2006.11.30 00:14:00 - [14] Originally by: Marla Roo Originally by: Jann Kilik Shareholder report is almost a month late now, am I the only one who finds this unacceptable? Haven't seen a dividend in almost two months now, am I the only one unhappy with this? No hope in sight, and not a peep out of TornSoul, am I the only one who thinks BMBE is a bust? Anyone? Not at all. I completely agree with this. TornSoul has not furnished the documentation nor the explanations necessary. If this were a real company, publically traded on the NYSE or other exchange, there would be no tolerance for late reporting. We should put it to a shareholder vote on whether to liquidate completely or not. I'm not sure that shareholders have the power to do this from the BMBE business plan. I agree that they should, but unfortunately there is nothing really that can force the situation. The indication of whether a business performance is acceptable is always in the competition. How is it that FIN for example can pay 6% every month (shameless plug) when BMBE is paying 0%? The basic plan is not working and I suggest a liquidation of at least a portion of the Isk value (say 50%) to mitigate the losses. Sincerely, EFS Manager
Verite Rendition Caldari AUS Corporation CORE.	Posted - 2006.12.01 18:55:00 - [15] Seriously, where the heck is TornSoul? ---- AUS Corp Lead Megalomanic
Cerwyn Taraman	Posted - 2006.12.01 20:19:00 - [16] Just want to note that I contacted TornSoul in-game via Eve-mail and got a reply back within a day. I asked about BMBE at least offering share "buybacks" at original face value (50 million/share) and was told this will not happen. My reasoning was they aren't loaning out the isk anyway and our shares are still face value at least b/c BMBE has ALL of the original isk on hand + any reinvestments they did. Try contacting her in-game, she seems to respond fairly quickly to polite questions regarding BMBE operations. She did mention some other things but I don't want to anger her by posting things from a private eve-mail. Just wanted to at least say that I had gotten a response from her to my questions at least so she is not ignoring everyone and has not "quit" EVE or any such thing.
herot Icarus Ascendant	Posted - 2006.12.01 23:17:00 - [17] And another week goes by... Apparently we have now switched to yearly reports...
Tami Auryn Natural Evolution	Posted - 2006.12.02 01:41:00 - [18] :) That's TS for you ... We should write a pettion to TS, signed by everyone that thinks he should liquidate, maybe a new thread that the mods could keep clean with only replys of people signing that pettiton to TS. BMBE ISK Loans
Baun 4S Corporation Morsus Mihi	Posted - 2006.12.02 04:11:00 - [19] This is very poor form. I can only assume that it means that TS has a code deadline before christmas. The Enemy's Gate is Down
Mother Clanger Royal Amarr Institute	Posted - 2006.12.02 05:21:00 - [20] TS appears to be busy with other things right now.

Cerwyn Taraman	Posted - 2006.12.03 03:49:00 - [21] Ok, TS seems to be mostly ignoring this thread and forum even after I pointed him to it in an eve-mail that everyone was getting irked. TS told me in the eve-mail that a loan had been taken out for 15 billion isk so dividends would be paid over the next 12 weeks (the duration of the loan). However, even with that kind of loan, the interest rates are probably quite low (b/c of the new lower interest rate when BMBE holds all isk in the bank still). I can't see that paying out much to the shareholders especially since they doubled the amount of shareholders a while back (a move I also voted against b/c of the worry of share dilution - which is exactly what happened and now we have even more isk sitting around doing nothing). Just thought i'd share that info since it hasnt been posted here by TornSoul yet.


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