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TornSoul
BIG
Interstellar Alcohol Conglomerate
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Posted - 2007.02.12 21:01:00 -
[1]
www.BIG-EVE.com/BMBE
The report is delayed.
At the latest is should be ready next weekend.
I've been having computer problems for the past week+, verging on the point of doing a complete re-build of my box.
Thankfully it looks as if everything is now in order again, so I wont have to do that...
Sorry about the delay.
BIG Lottery
[u |
Tami Auryn
Natural Evolution
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Posted - 2007.02.13 00:05:00 -
[2]
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Xrak
Black Nova Corp
Band of Brothers
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Posted - 2007.02.19 22:53:00 -
[3]
*cough*
 Originally by: Empress Aphrodite
("don't flush it yet - let's freshen up the room a little")
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Baun
4S Corporation
Morsus Mihi
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Posted - 2007.02.20 23:53:00 -
[4]
Wakeup TS
The Enemy's Gate is Down
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IonHammer
Minmatar
Black Avatar
Firmus Ixion
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Posted - 2007.02.25 08:54:00 -
[5]
guys save yourselves soem stress,
wait a week then do two months in one go.
If thats your real life i'm very jealous - Petwraith |
TornSoul
BIG
Interstellar Alcohol Conglomerate
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Posted - 2007.02.25 19:57:00 -
[6]
Post updated...
BIG Lottery
[u |
Tami Auryn
Natural Evolution
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Posted - 2007.02.25 21:56:00 -
[7]
Originally by: TornSoul
Sorry about the delay once more...
Various reasons I wont waste space on here has delayed everything.
Couldnt be bothered comming up with a excuse this time, BMBE/TS seem like Caly and the EIB with all these excuses.
Dog ate my homework kind of things.
You'r only late 25d for a reporting and only god knows how long until the dividends.
Originally by: TornSoul
Real short one this time 
No forecast this time, as the next report (hopefully...) is just around the corner anyhow.
Maybe in 2010 ? or something
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Eefrit
Eve Financial Services
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Posted - 2007.02.25 22:00:00 -
[8]
I'm rather confused here with the numbers. Maybe you don't mind talking us through them TS.
You are currently charging something like 3.5% per week interest to people, and from what I have heard you did not have 30 Bill Isk to loan to another customer, which means you have at LEAST 70 Bill loaned out (not sure what the total capital is but I would guess at about 110 Bill Isk).
Assuming I am right and lets say you have an active ratio of 70% (should be higher), that means that 77 Bill Isk should be loaned out.
at 3.5% per week that is 15% for the month. You guys take half of that for all the hard work and effort needed for it  so that means the dividend should have been about 7.5% of 77 Bill Isk which should be 5.775 Bill Isk, or a total profit of 11.55 Bill Isk.
So that would mean you are taking a management fee of about 8 Bill Isk.
I'll wait for you to show where you get your figures from.
/Eefrit
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Dark Shikari
Caldari
Imperium Technologies
Firmus Ixion
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Posted - 2007.02.25 22:02:00 -
[9]
Originally by: Eefrit
I'm rather confused here with the numbers. Maybe you don't mind talking us through them TS.
You are currently charging something like 3.5% per week interest to people, and from what I have heard you did not have 30 Bill Isk to loan to another customer, which means you have at LEAST 70 Bill loaned out (not sure what the total capital is but I would guess at about 110 Bill Isk).
Assuming I am right and lets say you have an active ratio of 70% (should be higher), that means that 77 Bill Isk should be loaned out.
at 3.5% per week that is 15% for the month. You guys take half of that for all the hard work and effort needed for it so that means the dividend should have been about 7.5% of 77 Bill Isk which should be 5.775 Bill Isk, or a total profit of 11.55 Bill Isk.
So that would mean you are taking a management fee of about 8 Bill Isk.
I'll wait for you to show where you get your figures from.
/Eefrit
I agree that BMBE should be a bit more open about their accounting. Why can't they post a simple balance sheet like nearly every other public corporation?
EVE-Trance Radio--The EVE Textboard |
Tami Auryn
Natural Evolution
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Posted - 2007.02.25 22:10:00 -
[10]
Latest news, a unexplainable phenomena has ocured in Tornsoul's computer, replys to come in a few years if ever.
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TornSoul
BIG
Interstellar Alcohol Conglomerate
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Posted - 2007.02.25 23:32:00 -
[11]
Originally by: Eefrit
You are currently charging something like 3.5% per week interest to people
<snip>
Declared dividends were 3.5 Bill Isk, so that leaves 1.12 Bill Isk missing from those dividends, and 2.8 Bill Isk overall.
/Eefrit
Interest rate is variable
RIFL Loans : 1.5% to 3.5%
RISP loans : 2.5% to 4.5%
The rate depends (linearly) on the amount of ISK on loan.
(For a given loan the interest is 'fixed' once the loan has been taken though.)
This explains the discrepancy between your estimated numbers and the actual numbers.
(ie. your estimated "average interest rate" is too high - The current amount on loan is roughly correct)
All this info is readily available at the BMBE site as well.
BIG Lottery
[u |
Ray McCormack
BIG
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Posted - 2007.02.26 10:11:00 -
[12]
Other factors include the timing of loans, as the BMBE may not have that much ISK out over the entire month, and the re-financing of loans.
Also, the dog ate my homework so I was late in getting it to TornSoul... 
| How To Afford A Tech II BPO | the all mighty BIG industrial corp from hell with a slong the size of a walrus. |
Eefrit
Eve Financial Services
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Posted - 2007.02.26 20:46:00 -
[13]
Originally by: TornSoul
Interest rate is variable
RIFL Loans : 1.5% to 3.5%
RISP loans : 2.5% to 4.5%
TornSoul, I am getting very tired of you continuing with these lies when you KNOW they are in fact false. When you are charging 1.5% - 3.5% (RIFL) on a loan where you charge the interest on the full initial amount of the loan even when 90% of the loan has been paid off, you are charging interest on money that has been already paid back and more often than not subsequently lent out to someone else at interest.
I know you know this because as far back as 6 months ago I politely showed this to you and went to a lot of effort to create spreadsheets with examples.
I would welcome any other financial professionals to counter to this if they can find a flaw, but so far as I am aware (as a financial professional) if you are charging 2.5% interest for the duration of a loan and are basing the interest portion on the initial loan value only and not changing it as capital loaned decreases, and the payments are linear, you are actually charging them 50% more interest than you claim.
That would make your 2.5% interest RIFL option actually equal to 5.25% interest. I quite frankly do not care if you "do not see it this way" or not. That is a fact of life and doing what you are doing is illegal in most countries. Yes, this is a game, but it is illegal in real life because it is unethical and amounts to theft.
If we assume that you had 77 Bill Isk loaned out and your loans vary between 2.5-4.5% and 2.25% and 5.25%, we are looking at an average of at least 3% per week, which still leaves a descrepancy.
You always say you have a spreadsheet of the figures, so why is it not possible for you to mask the client names and release this fabled spreadsheet. You claim to be honest, so prove you are by showing investors where exactly you are getting these figures from! And none of this "preparation time" rubbish. You have the spreadsheet, simply post a link to it!
Sincerely,
Eefrit
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Tami Auryn
Natural Evolution
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Posted - 2007.02.26 22:07:00 -
[14]
As a shareholder I would also like to know what happened to the 30b that where loaned with the 2 small t2 barges as collateral, that the person defaulted because ccp was going to "fix" the carrier sploit.
What happened to the bpos, did bmbe recover the 30b ?
There's also rumors of BIG doing more purchases then previous policy of not buying bpos, multi billion bpos. I wonder if the sudden buying of bpos and the shortage of isk are related :)
EEfriz: i dont think you'll ever see that spreadsheet, you or anyone else :)
I also take the oportunity to remember everyone how TS scammed me out of my dividends, by delaying for weeks the tranfering BIG shares of BMBE to me until after the dividends, even though i paid them.
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Treelox
Amarr
Frontier Technologies
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Posted - 2007.02.26 23:22:00 -
[15]
Originally by: Tami Auryn
I also take the oportunity to remember everyone how TS scammed me out of my dividends, by delaying for weeks the tranfering BIG shares of BMBE to me until after the dividends, even though i paid them.
Ill never forget, I was new to the whole eve market and stocks scene at that time, and I watched your pain in EGSE forever. Then when someone offered me BMBE shares at a "friendly", later I knew to stay clear. TS having made off with your divys, while not having helped you at least made me a smarter player in the markets of eve.
Eefritt, the way TS does loans, here in the USA is called loan-sharking, imo.
--
Signature edited - this is your last warning - Jacques |
Baun
4S Corporation
Morsus Mihi
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Posted - 2007.02.27 01:54:00 -
[16]
All of these people mud slinging should be ashamed of themselves. Tornsoul has stolen nothing and misrepresented nothing. The terms of the loans are clearly spelled out on their website and when you take a loan. If the terms are objectionable then you don't take the loan out, you don't accuse the person who set the interest rates of scamming, theft or fraud.
If you want to be angry about anything be angry about the fact that TS is inactive and took too long to find someone else to run the BMBE or that they take far too large a % of the profits for themselves in this venture. Don't try to baselessly sully the reputation of someone who has accomplished more in EVE than all of you combined.
The Enemy's Gate is Down
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Marla Roo
Caldari
Shinra
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Posted - 2007.02.27 22:11:00 -
[17]
Originally by: Eefrit
Edited by: Eefrit on 25/02/2007 22:35:27
I'll wait for you to show where you get your figures from.
/Eefrit
It's called "skimming off the top". I'm sure that's where the discrepancy went. ;)
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Proton Power
Amarr
Power Corrupts Trading Inc
Power Corrupts Industry's
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Posted - 2007.02.27 22:56:00 -
[18]
I honestly doubt TS is taking isk off the top or ripping off investors, atleast I hope not.
I don't post any of my figures (because there are none, and there are no records) and nobody complains.
-----------------------------------------------
http://oldforums.eveonline.com/?a=topic&threadID=439797Cli |
Heikki
Gallente
Wreckless Abandon
The UnAssociated
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Posted - 2007.02.27 23:08:00 -
[19]
Odd, seems 'I scammed you' posts do attact more compliments than posts like 'I still work for you, thought not exatcly like you wish'.
Just can't please everyone, and forums is way one to deal with one's personal issues.
-Lasse
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Tami Auryn
Natural Evolution
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Posted - 2007.02.28 00:06:00 -
[20]
What you people that post TS is a "good guy(tm)" should do is offer proof that he's not doing anything wrong.
We that acuse TS of wrong doing have our proof, in my case it was all over the forum, and everyone tought I was right.
In this case efrit asks for proof of him not skimming anythiung, and you guys come here saying he hasnt done it.
I say let him say he hasnt done it and provide the means for it to be verified.
And what authority do I have to demand TS prove himself, I'm a BMBE shareholder, I'm sure we can find a big crowd that also wants to make sure everything is going ok with BMBE and all the no dividends months, the excuses for being late many months in a row, the failure to post on time many times, and even pay dividends on time, with weeks of being late every month.
There's too much smoke for something not to be going on.
So instead of comming to the defence just because you think he's sexy, you should say "prove them wrong TS".
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Cofresi
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Posted - 2007.02.28 00:50:00 -
[21]
lets set aside the issue of how much the payout is. if bmbe is collecting 40% for the work, shouldnt the reports/dividends be on time? if they are not, shouldnt shareholders receive interest for the delays out of the 40%?
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Heikki
Gallente
Wreckless Abandon
The UnAssociated
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Posted - 2007.02.28 01:11:00 -
[22]
Originally by: Tami Auryn
people that post TS is a "good guy(tm)"
I reckon there is pretty darn lot of evidence TS is a good guy; for example most of BIG's achievements/trust. Even if he does not jump when people ask him to.
There are pretty many things I think he should be doing otherwise, but such suggestions would seem out of place in threads where people mostly seem to be venting off.
Quote:
I'm a BMBE shareholder
That actually amazes me; you seem to have quite dislike of TS, due historical reasons I guess. So why do you still trust him enough to hold on the shares? For the 'right' to complain?
Quote:
"prove them wrong TS".
Would be the best option I agree, might even increase the value of the shares considerably. But reckon there wasn't any promise of nifty excel sheets in the the original IPO.
In the end, at least for me personally, it's enough I get dividends coming. Or reasonably valid excuse when they aren't.
-Lasse
in not so black-and-white world
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Tami Auryn
Natural Evolution
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Posted - 2007.02.28 10:12:00 -
[23]
Originally by: Heikki
Quote:
I'm a BMBE shareholder
That actually amazes me; you seem to have quite dislike of TS, due historical reasons I guess. So why do you still trust him enough to hold on the shares? For the 'right' to complain?
That's how i got scammed by him, I bought BMBE shares using EGSEX, i transfered the isk right away. And then there was a exchange of evemails where TS said that the shares he was selling where BIG shares of BMBE, he was his own broker, and he on purpose didnt transfer the shares for many weeks until after the dividends where paid, he has admited this here on the forum. He wasnt "away" unable to send the shares i exchanged evemails complaining with him in that time, and forum posts.
This is where my problems with TS come from. After that the share price went down so much i couldnt sell them or if i could loose most of the isk.
Yes TS scammed me, and I wasnt the only one, others where too, with the same thing, there was more people complaining.
Do you want to compare hos BMBE a "ipo" is run compared to all others that arent a complete scam, BMBE is the worst run.
It's always late in dividends (when there are any), it's late on reports, TS goes missing for weeks.
People cant get loans, people cant get replys, people dont get their dividends, and when they do it's late for weeks (or on the next month). Reports are basicly a few lines of text.
And yet despite all of this he takes the biggest cut of profits of them all.
Tell me again TS is your idol please ...
Someone mentioned TS achieving many things in eve, the only thing you can give full credit to and I dont see any dodgy things are the BIG Lottery, YES that you can attribute to TS and give him props for.
TS sits in a station for all his life (and that's just when he comes on 1 or 2 every week mostly for the lottery and not much else).
C'mon TS fanboy club flame me on this, all TS needs to do is present simple information on how much money and loaned every month, interests, profits, the money the BMBE funds grow to and dividend isk.
It's pretty simple and straightforward information, that he could copy paste in seconds from his spreadsheet every month the report.
But atm I'm interested in seeing the previous months since BMBE started until now.
C'mon TS shows us all that we're wrong and that there's nothing dogdy on the BMBE books.
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RaTTuS
BIG
Interstellar Alcohol Conglomerate
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Posted - 2007.02.28 10:46:00 -
[24]
Ray Has been trying to post but cannot due to ccp wierdness - if you want to contact him come to irc - irc.coldfront.net channel #BIG
--
BIG Lottery, BIG Deal | RaTTuS @ Skills Showroom
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Ray McCormack
BIG
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Posted - 2007.03.01 12:22:00 -
[25]
This report is from January. Eefrit proposed figures based on a post made on the 15th of February. That's where the discrepancy comes in.
| How To Afford A Tech II BPO | the all mighty BIG industrial corp from hell with a slong the size of a walrus. |
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