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Serenity Steele
Interstellar Starbase Syndicate Operations
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Posted - 2006.12.18 19:35:00 -
[151]
 Originally by: Motivated Prophet
If any other major forces in the market (>10b or so)* would be willing to contact me, I'd like to put together a unified front on this IPO. Please understand that this is not intended as a poor review on your operation, but rather an emphasis on the fact that a failure of this IPO directly translates into a shrinking of the stock market in Eve for the forseeable future. I want to ask the questions and make the changes necessary so that this venture can succeed for everyone involved.
MP
*: Or just people with good ideas.
I wasn't aware that a unified front was necessary for the IPO. If you have questions feel free to ask them here.
If you have brilliant ideas that will make the stock perform beyond anyone's wildest imagination, feel free to contact me in private 
New ISS IPO
Eve Strategic Maps - Outpost Alert
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Motivated Prophet
Zerodot Schools
Power Corrupts Industry's
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Posted - 2006.12.18 22:58:00 -
[152]
Originally by: Serenity Steele
I wasn't aware that a unified front was necessary for the IPO. If you have questions feel free to ask them here.
I did. You brushed them off or half-answered them. If you'd like, I can continue to pursue those questions, but I figured if I had such a hard time getting proper answers, the issue was probably:
a) I phrased the questions incorrectly, or
b) I asked wrong/dumb/inconsequential questions
In either of these circumstances, a united group of major market players could help me find the solution.
If you'd like my advice, it won't be easy to take. For instance, the first--and most greivous--error in this IPO has been the run-up. You clearly had this information ready ahead of time, based on your "coming soon!" post over a week beforehand. There was no reason to start share sales immediately upon publication of the business plan. Because you have, many vital suggestions that could have significantly boosted shareholder value are now moot, unless the benefits thereof outweigh the logistics of doing a reissue. In short, while I have absolute faith in your business acumen, and utmust respect for your position as the first IPO in Eve, your conduct in this one, so far, falls far short of the standards we've come to expect in this more-demanding age of investment.
MP
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Ehrine Ashbark
Lyrus Associates
Interstellar Starbase Syndicate
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Posted - 2006.12.18 23:54:00 -
[153]
Originally by: Motivated Prophet
Your salary commitment works out to approximately 250 million isk per month at a 10% return. Divided eight (or more? fewer?) ways, this is not exactly a princely sum. What's in it for you?
To add my own answer to this, I joined the management team because I wanted something more out of eve then just flying missions and blowing up NPCs/PCs. Helping in the running of an alliance like ISS is something I enjoy doing. Everyone has things that make them sit down to play eve and for me, this is one of those things. I suspect it's the same for pretty much all the management team.
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Motivated Prophet
Zerodot Schools
Power Corrupts Industry's
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Posted - 2006.12.19 00:15:00 -
[154]
Originally by: Ehrine Ashbark
Originally by: Motivated Prophet
Your salary commitment works out to approximately 250 million isk per month at a 10% return. Divided eight (or more? fewer?) ways, this is not exactly a princely sum. What's in it for you?
To add my own answer to this, I joined the management team because I wanted something more out of eve then just flying missions and blowing up NPCs/PCs. Helping in the running of an alliance like ISS is something I enjoy doing. Everyone has things that make them sit down to play eve and for me, this is one of those things. I suspect it's the same for pretty much all the management team.
You can make more than 31m/hr. mining in 0.0 with half-decent skills. Considering that that's your base pay, that means either:
a) you don't expect to spend more than one hour per month doing work for the IPO, or
b) you don't mind getting paid peanuts for your time
While b) is perfectly valid and is often seen at work in soup kitchens and other charities, it is hardly a formula for employee loyalty and honesty in the face of a system that enforces no legal code should you decide to take the money and run.
MP
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Benvie
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Posted - 2006.12.19 02:23:00 -
[155]
Since you apparently need an interpretation, he basically said he's not doing it for the money, he's doing it to be part of something great. Is that not an acceptable answer?
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Motivated Prophet
Zerodot Schools
Power Corrupts Industry's
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Posted - 2006.12.19 06:56:00 -
[156]
Originally by: Benvie
Since you apparently need an interpretation, he basically said he's not doing it for the money, he's doing it to be part of something great. Is that not an acceptable answer?
From someone I expect to run a for-profit company in such a way so as to maximise profit? No, it's not acceptable that he isn't concerned about profit.
MP
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Count TaSessine
ISS Navy Task Force
Interstellar Starbase Syndicate
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Posted - 2006.12.19 07:19:00 -
[157]
I think I worked out the issue here - we were unclear in the way we presented things.
When at 10% profits, ISS would make 50Bn pr month. Divide that into 10 slices.
If we make 15%, you make 15 slices.
If you do that, you end up with salaries of 5 Bn, divided among the management team.
Chairman, ISS
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Rawne Karrde
Bre-X Heavy Industries
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Posted - 2006.12.19 11:14:00 -
[158]
As a potential investor I feel compelled to ask this question, based on the activity of ISS the last few weeks. First let me say that what you have done as an organization for 0.0 has been a great thing. I myself have used the likes of ISS marginis for selling, buying and jump clones. This has helped me gain access to 0.0 when I wasn't a member of some mega alliance or corp.
However, with so much capital, what assurances can you give that any money I invest do not get poured into aggressive combat actions? I have no problem with funds being used to protect any assets and/or projects that my investment would be involved in. But I'm not interested in paying for someone else to get their combat jollies off attacking someone else's sov. space.
It worries me when I see things like the current IAC vs ISS conflict. Now understand my relationship with IAC is not really that great either considering they booted my corp out of JZV at the end of a gun point basically and I certainly have nicer words to say about ISS, however as a potential investor I must ask, why all that money was spent on MC, Veto, KIA and yet they are not in the same systems as tycho and marginis, rather they are laying siege to an outpost in another Alliances Sovereign space. Not only does this pose a problem to me, but also the fact that it seems like its been a bit of overkill and as investor that is lost profits being thrown out the window with all the unnecessary merc'age.
I thought ISS respected other alliances sov in their un-politicalness, and as a potential investor I'm wondering why those hired forces are not simply protecting the outposts and supply shipments in the area, and why so much money has been spent on those forces when they do not appear to be needed as others seem to be willing to fight for nothing?
Now, Acquiring new outposts without another IPO, would really make investors more isk, and that is a good thing, but it breaks the charter it seems, and so I'm just looking for consistency, up to know you've shown that but here it seems to be such a break in your policy that I'm worried to contribute to such a large IPO like 500bil without that past proven consistency.
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Motivated Prophet
Zerodot Schools
Power Corrupts Industry's
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Posted - 2006.12.19 16:07:00 -
[159]
Originally by: Count TaSessine
I think I worked out the issue here - we were unclear in the way we presented things.
When at 10% profits, ISS would make 50Bn pr month. Divide that into 10 slices.
If we make 15%, you make 15 slices.
If you do that, you end up with salaries of 5 Bn, divided among the management team.
Ah, okay. So just to make sure I have the idea correct, there would be no difference in dividend payout in a month where the venture earned 5% as opposed to 6%. Yes?
Your formula is then:
max(min(profit - (5% * capital), 1), 1)
or
max(min(profit - (5% * IPO price * floated shares), 1), 1)
Which of these formulae is correct? That is, do you take capital losses into account?
MP
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Block Ukx
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Posted - 2006.12.19 17:03:00 -
[160]
Dear Count TaSessine and Serenity Steele,
As an interested investor, I have a problematic question for you. In your latest IPO, you are offering investors a guaranteed 5% monthly dividend, and you are even forecasting possible 10% - 15% returns. How are you are basing this forecast?
Previous ISS IPOÆs forecasted an estimated 5% dividend return. In contrast, based on the EGSE data, your previous IPOÆs have returned, in average:
ISSPO 1.66%
ISSBO 3.31%
ISSCA 1.81%
ISSMO 2.98%
Based on your past performance, a guaranteed 5% monthly dividend seems high to me. If you believe you can guarantee 5% dividend, why arenÆt the previous IPOÆs doing better?
Respectfully,
Block Ukx
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Antaris Xenal
Gallente
adeptus gattacus
Lotka Volterra
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Posted - 2006.12.19 20:31:00 -
[161]
200 mil invested in you guys just now. now dont f*** up :P :D
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Serenity Steele
Interstellar Starbase Syndicate Operations
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Posted - 2006.12.19 20:55:00 -
[162]
Edited by: Serenity Steele on 19/12/2006 20:58:02
Originally by: Motivated Prophet
Originally by: Count TaSessine
I think I worked out the issue here - we were unclear in the way we presented things.
When at 10% profits, ISS would make 50Bn pr month. Divide that into 10 slices.
If we make 15%, you make 15 slices.
If you do that, you end up with salaries of 5 Bn, divided among the management team.
Ah, okay. So just to make sure I have the idea correct, there would be no difference in dividend payout in a month where the venture earned 5% as opposed to 6%. Yes?
Your formula is then:
max(min(profit - (5% * capital), 1), 1)
or
max(min(profit - (5% * IPO price * floated shares), 1), 1)
Which of these formulae is correct? That is, do you take capital losses into account?
MP
Defining the following:
IPOCapital = SharesSold * IPOSharePrice
In the simple case where no capital is 'lost' or 'destroyed' then:
Dividend to shareholders =
5% * IPOCapital + MAX(0,Profit-10% * IPOCapital)
Reward to ISS management =
MAX(0,MIN(1% * IPOCapital,MAX(0,Profit-5% * IPOCapital)*20%))
Reward to ISS =
(Profit-(5% * IPOCapital + MAX(0,Profit-10% * IPOCapital)))-MAX(0,MIN(1% * IPOCapital,MAX(0,Profit-5% * IPOCapital)*20%))
In the case where Capital is 'lost' or 'destroyed' then:
Dividend to shareholders =
MAX(5%*IPOCapital,5% * IPOCapital + MAX(0,Profit-10% * IPOCapital) - (IPOCapital-MIN(IPOCapital,Capital)))
For Shareholders this means:
- Shareholders will always get a minimum of 5% of the IPOCapital paid out.
- If the profit for a month is >10% of IPO capital, they'll get a bonus UNLESS there was capital destroyed, in which case the bonus will be used to build up the destroyed capital to it's IPO amount.
Bare in mind that ISS already has Considerable working capital above that raised by the IPO. That is why we're prepared to state a minimum guarantee.
New ISS IPO
Eve Strategic Maps - Outpost Alert
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Serenity Steele
Interstellar Starbase Syndicate Operations
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Posted - 2006.12.19 21:16:00 -
[163]
Originally by: Block Ukx
Dear Count TaSessine and Serenity Steele,
As an interested investor, I have a problematic question for you. In your latest IPO, you are offering investors a guaranteed 5% monthly dividend, and you are even forecasting possible 10% - 15% returns. How are you are basing this forecast?
Previous ISS IPOÆs forecasted an estimated 5% dividend return. In contrast, based on the EGSE data, your previous IPOÆs have returned, in average:
ISSPO 1.66%
ISSBO 3.31%
ISSCA 1.81%
ISSMO 2.98%
Based on your past performance, a guaranteed 5% monthly dividend seems high to me. If you believe you can guarantee 5% dividend, why arenÆt the previous IPOÆs doing better?
Respectfully,
Block Ukx
The Outpost corporations (the IPO's you refer to) generate their income soley from services at the stations:
Cloning Fees, Office Rentals, Repair Bills, Docking Fees and Broker Fees (More recently implemented in game mechanic)
When the outposts first opened, docking fees and office rentals drove revenue, To promote this we arranged with big tech II producers to supply the stations. In reality they did a one-off delivery and rarely returned.
Today, after an analysis for station performance, and our experience, we realised three things:
- The majority of outpost profitability changes over time, and is now from broker fees
(Increasing trade will increase also return on the Outpost corporation shares)
- The more revenue streams, the more reliable the revenue.
(New IPO Plan splitting across multiple types of investments)
- Prices at the stations were higher than +20%, but people are still buying.
(Hence trading in the Plan)
That combined with the fact we already generate monthly revenues in excess of 2.5% on 500bn Capital, means we know we can make the guarantee and the fund will perform better.
New ISS IPO
Eve Strategic Maps - Outpost Alert
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Ehrine Ashbark
Lyrus Associates
Interstellar Starbase Syndicate
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Posted - 2006.12.19 23:33:00 -
[164]
Edited by: Ehrine Ashbark on 19/12/2006 23:34:33
Originally by: Motivated Prophet
Originally by: Ehrine Ashbark
Originally by: Motivated Prophet
Your salary commitment works out to approximately 250 million isk per month at a 10% return. Divided eight (or more? fewer?) ways, this is not exactly a princely sum. What's in it for you?
To add my own answer to this, I joined the management team because I wanted something more out of eve then just flying missions and blowing up NPCs/PCs. Helping in the running of an alliance like ISS is something I enjoy doing. Everyone has things that make them sit down to play eve and for me, this is one of those things. I suspect it's the same for pretty much all the management team.
You can make more than 31m/hr. mining in 0.0 with half-decent skills. Considering that that's your base pay, that means either:
a) you don't expect to spend more than one hour per month doing work for the IPO, or
b) you don't mind getting paid peanuts for your time
While b) is perfectly valid and is often seen at work in soup kitchens and other charities, it is hardly a formula for employee loyalty and honesty in the face of a system that enforces no legal code should you decide to take the money and run.
MP
Actually, I get a fair bit more then 31m for my time spent mining :)
Anyway, as I tried to explain before, I enjoy doing this kinda thing - hence invested my time in the ISS to help it prosper. If that's not enough for you, look at it this way. The better the ISS does, the better placed my corp is. The better placed my corp is, the better placed I am. The time I spend working in ISS management benifits myself in more ways then financial reward. Part of it is the satisfaction from the job itself and the rest is the position it places me in to be able to enjoy playing eve out in 0.0 space.
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Serenity Steele
Interstellar Starbase Syndicate Operations
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Posted - 2006.12.19 23:47:00 -
[165]
Originally by: Motivated Prophet
Originally by: Benvie
Since you apparently need an interpretation, he basically said he's not doing it for the money, he's doing it to be part of something great. Is that not an acceptable answer?
From someone I expect to run a for-profit company in such a way so as to maximise profit? No, it's not acceptable that he isn't concerned about profit.
MP
I think you're confusing profit with personal gain.
It's not so hard to understand those that want to contribute to content and enjoyability of Eve, in exchange for status and recognition, hundreds of players do: Big up to the ISD. 
New ISS IPO
Eve Strategic Maps - Outpost Alert
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Serenity Steele
Interstellar Starbase Syndicate Operations
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Posted - 2006.12.20 01:33:00 -
[166]
The ISSO IPO will close for the period 23rd Dec 23:59 to 2nd January 00:01.
This is to provide some time to actually work the capital before the first dividend is due on 1 January.
ISS will be using their cash reserves to meet minimum guarantee for the very first dividend, we knew this at the IPO launch, however want to give people a few days warning before closing the IPO for a week.
From January onwards, the IPO will only open for delivery of shares in the first 2 weeks of the month.
Any pilots or corporations sending ISK during the closed period 24 dec 00:01 to 1st Jan 23:59 will have the shares issued on 2nd January.
New ISS IPO
Eve Strategic Maps - Outpost Alert
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Motivated Prophet
Zerodot Schools
Power Corrupts Industry's
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Posted - 2006.12.20 04:29:00 -
[167]
After a great deal of consideration, I have decided to pose this question. If you refuse to answer it, I will see that as an answer, in a way.
Given your stated intent to construct capital ships in 0.0 systems where you hold sovereignity, will you be building tier-2 capital ships? If so, how does this affect your military backing, as we all saw what happens when "neutral" entities try to create those things the alliances hold as their own (in fact, you currently have an outpost as a result of the last time that happened).
I'm asking from several points of view here. First, if you are making tier-2 capital ships, I'd love to purchase one from you. Secondly, if you are doing so, that significantly changes the risk profile of the offering, because it could mean a large coalition showing up on your doorstep to stop you ß la EC-P. Third, construction of tier-2 capital ships by a neutral entity would throw large portions of the game into turmoil, and quite frankly, I'd love to watch (and, of course, sell guns to both sides).
MP
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Ataraxa
Gallente
Trolltech Ltd.
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Posted - 2006.12.20 08:01:00 -
[168]
On at least three points in their leaflet they said specifically to produce carriers and dreads (page 3, page 5 and page 8).
And I think they are well aware that producing motherships and/or titans can lead to some grunts on their doorsteps :)
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Serenity Steele
Interstellar Starbase Syndicate Operations
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Posted - 2006.12.20 21:13:00 -
[169]
Originally by: Ataraxa
On at least three points in their leaflet they said specifically to produce carriers and dreads (page 3, page 5 and page 8).
And I think they are well aware that producing motherships and/or titans can lead to some grunts on their doorsteps :)
Correct, we will not be producing Motherships and/or titans.
New ISS IPO
Eve Strategic Maps - Outpost Alert
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JP Moregain
Gallente
EVE Reserve Bank
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Posted - 2006.12.20 22:37:00 -
[170]
Edited by: JP Moregain on 20/12/2006 22:38:11
Scenario Analysis:
-Shares Issued
-BoB attacks ISS (because they can and are bored)brings ISS operations to a halt and the shares plummet.
-BoB buys a majority of the shares on the cheap and then ceases hostilities
-ISS become the first true BoB slaves (sorry Xelas/Fix)
Suggestion: make sure you have a lot of BoB investors up front.
Sorry this is a bit "Gordon Gekko"-esqe
Regards, JP
http://www.evereserve.com |
Serenity Steele
Interstellar Starbase Syndicate Operations
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Posted - 2006.12.21 10:51:00 -
[171]
Originally by: JP Moregain
Edited by: JP Moregain on 20/12/2006 22:38:11
Scenario Analysis:
-Shares Issued
-BoB attacks ISS (because they can and are bored)brings ISS operations to a halt and the shares plummet.
-BoB buys a majority of the shares on the cheap and then ceases hostilities
-ISS become the first true BoB slaves (sorry Xelas/Fix)
Suggestion: make sure you have a lot of BoB investors up front.
Sorry this is a bit "Gordon Gekko"-esqe
Regards, JP
Scenario probability assessment:
- Probability BoB attack 4 regions simultaneously to siege all ISS Outpost: Low
- Probability BoB attack ISS Cassini, where they own shares: Why bother?
- Probability BoB benefit strategicallly by taking ISS Outposts: Non-Existant
New ISS IPO
Eve Strategic Maps - Outpost Alert
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Shiva Shakti
Gallente
Hi-Tech Industries
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Posted - 2006.12.21 22:48:00 -
[172]
Shares were ordered and received within a couple of minutes
ty and good luck 
Visit the EvE Galactic Stock Exchange in game or out |
Azarkiel
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Posted - 2006.12.22 00:45:00 -
[173]
Hey, i'm here just to announce i'm transfering 300 Mil isk...
Hail!
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Serenity Steele
Interstellar Starbase Syndicate Operations
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Posted - 2006.12.22 03:16:00 -
[174]
All Delivered
New ISS IPO
Eve Strategic Maps - Outpost Alert
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Gamer4liff
Caldari
Metalworks
THE INTERSTELLAR FOUNDRY
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Posted - 2006.12.22 15:25:00 -
[175]
I totally bought 500m worth, This seems like a smart investment, and I plan to buy more later.
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Serenity Steele
Interstellar Starbase Syndicate Operations
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Posted - 2006.12.23 02:04:00 -
[176]
Edited by: Serenity Steele on 23/12/2006 02:04:06
The ISSO IPO is temporarily closed until January with >40% of the shares sold. I will deliver all sent before the time of this post.
The IPO will re-open on 2nd January 00:01.
You can reserve shares by sending ISK, however your shares will be sent after the 1 Jan 07 Dividend is Issued.
New ISS IPO
Eve Strategic Maps - Outpost Alert
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DaSoul
Black Nova Corp
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Posted - 2006.12.23 06:53:00 -
[177]
Originally by: Serenity Steele
Edited by: Serenity Steele on 23/12/2006 02:04:06
The ISSO IPO is temporarily closed until January with >40% of the shares sold.
Originally by: Serenity Steele
The ISSO IPO will close for the period 23rd Dec 23:59 to 2nd January 00:01.
You're too early according to your previous statement. This makes me a sad last minute Christmas shopper.
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Kaylana Syi
Minmatar
The Nest
Interstellar Alcohol Conglomerate
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Posted - 2006.12.25 05:41:00 -
[178]
Edited by: Kaylana Syi on 25/12/2006 05:42:01
Originally by: Rawne Karrde
Good Questions
I wish ISS had the nerve to answer your post. Right now investing in ISS IPO is about the dumbest move you could do.
And for the record Rawne... Bre-X is still around JZV and actually fighting vs ISS with IAC.
Team Minmatar
Carriers need Clone Vats
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Kaylana Syi
Minmatar
The Nest
Interstellar Alcohol Conglomerate
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Posted - 2006.12.25 05:41:00 -
[179]
Edited by: Kaylana Syi on 25/12/2006 05:41:47
double post blues 
Team Minmatar
Carriers need Clone Vats
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Nyphur
Pillowsoft
Interstellar Starbase Syndicate
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Posted - 2006.12.25 11:30:00 -
[180]
Originally by: DaSoul
You're too early according to your previous statement. This makes me a sad last minute Christmas shopper.
I believe this is because shares have sold faster than expected coming up to christmas. We need to take a pause in taking investments onboard to put the current isk to work. Don't worry, they'll be open again before you know it :D.
Merry Christmas, btw :).
Eve-Tanking.com - For tanking spreadsheet and resources. |
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