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Serenity Steele
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.02.18 23:41:00 -
[1]
The ISS Marginis Corporation Assets (KDF-GY and ZIX-C stations) were conquered by IAC alliance.
There is no probability of their recapture in the near future.
This removes the dividend revenue of ISSMO shares.
In order to soften the effect on investors, ISS is willing to offer an exchange rate of 4 ISSMO shares for 1 ISSO share.
This will continue to deliver 50% of the average return for ISSMO shareholders monthly.
The basis of this offer is: The ISSMO becomes the propertly of ISSO shareholders.
Share Exchange
After the vote is complete
The exchange will be accepted until 10 Mar 2007.
Exchange your shares by convoing Serenity Steele, then transferring the shares.
Do not just send shares without being in convo first.
[b]Vote[b]
You need to vote as to whether you accept or reject this offer.
(Right-click on your shares, choose: vote).
Eve Strategic Maps - Outpost Alert
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aggiedog
The Merchant Marines
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Posted - 2007.02.19 00:46:00 -
[2]
What happens to those who have less than 4 shares?
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Forum Wars!...Because the battlefeild is laggy. |
Serenity Steele
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.02.19 01:03:00 -
[3]
 Originally by: aggiedog
What happens to those who have less than 4 shares?
You can trade them on EGSE. Mixed Batches of shares will also be accepted (eg. 2 ISSMO, 2 ISSBO : 1 ISSO] etc.
Eve Strategic Maps - Outpost Alert
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David H'Levi
Sniggerdly
Pandemic Legion
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Posted - 2007.02.19 01:08:00 -
[4]
Originally by: Serenity Steele
Originally by: aggiedog
What happens to those who have less than 4 shares?
You can trade them on EGSE. Mixed Batches of shares will also be accepted (eg. 2 ISSMO, 2 ISSBO : 1 ISSO] etc.
Actually, at the moment, all trading on ISS Outpost shares has been frozen. Just thought I'd let you know.
*snip* Sig not appropriate. Please email [email protected] linking the sig to find out why -Conuion Meow ([email protected])
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Serenity Steele
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.02.19 01:16:00 -
[5]
Originally by: David H'Levi
Actually, at the moment, all trading on ISS Outpost shares has been frozen. Just thought I'd let you know.
Thanks, I'm aware, we asked them to be frozen when the outposts were taken.
Aaro'ne Erivale offered to reopen them again when the votes were placed.
A few hours ago, I requested this happen, give it a few days I'd say.
Eve Strategic Maps - Outpost Alert
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IntegralHellsing
Gallente
Aliastra
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Posted - 2007.02.19 01:42:00 -
[6]
Edited by: IntegralHellsing on 19/02/2007 01:39:57
(eh.. yeah i know i'm in NPC corp atm, but i have a corp to join in a few days so please don't delete this  )
don't you think it's a bit ridiculous, offering 4:1 exchange rate?
as if people with shares have any choice to hold onto outpost corps' shares, but still i don't think 4:1 exchange rate is anywhere near what people expect.
yes, the profit is reduced a lot, but still it's your fault for the capture and closure of individual outposts so i do not think you can just go on and say 'ok, we're closing down the outpost corps and therefore anyone is welcome to exchange the shares to ISSO shares at 4:1 rate.'
anywhere between 1:1~3:1 might be ok, but 4:1? you're telling the initial investors to lose 75% of their investment.
(that is IF ISSO and ISS*O shares were sold at same prices.)
who would invest in ISS if there's chance of getting only 25% of your money back?
anyways i'm too tired to bother writing more, but i think you should take the responsibility of losing the outposts and offer a more suitable exchange rate.
ps. still, a damn good thing that you decided to let people change the IPO into ISSO ones.
*SNIP* Please do not discuss moderation in your signature - Kreul Intentions ([email protected]) |
Serenity Steele
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.02.19 01:54:00 -
[7]
Hi IntegralHellsing
Quote:
don't you think it's a bit ridiculous, offering 4:1 exchange rate?
No, otherwise ISS wouldn't have offered anything.
Quote:
yes, the profit is reduced a lot, but still it's your fault for the capture and closure of individual outposts so i do not think you can just go on and say 'ok, we're closing down the outpost corps and therefore anyone is welcome to exchange the shares to ISSO shares at 4:1 rate.'
It wasn't a light decision by any means. ISS already expended many hours and resources to try and recapture the stations. The decision came from the choice of either continue wasting ISK on possibly (unlikely) recapturing the stations, or offer those resources to the investors.
Quote:
anywhere between 1:1~3:1 might be ok, but 4:1? you're telling the initial investors to lose 75% of their investment.
(that is IF ISSO and ISS*O shares were sold at same prices.)
Investors who exchange for the ISSO shares will end up with following ROI at date of exchange:
Quote:
who would invest in ISS if there's chance of getting only 25% of your money back?
anyways i'm too tired to bother writing more, but i think you should take the responsibility of losing the outposts and offer a more suitable exchange rate.
I guess there are a couple of factors people need to consider in future IPOs:
1) ISS didn't steal/scam ISK from investors, depsite handling now 400bn+
2) ISS learnt a lot more lessons in IPOs and managing literaly 100+ corps than most.
3) ISS does not intend on space-based assets with long-term return again.
ps. still, a damn good thing that you decided to let people change the IPO into ISSO ones.
Eve Strategic Maps - Outpost Alert
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Pyro Miner
Andromeda Survey and Mining Division
Eve Trade Union
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Posted - 2007.02.20 21:22:00 -
[8]
assoon they lost there outposts i expected my shares to be worthless
the curent deals sounds pretty good tome as i allrdy had it wroten down as a total loss
i even expected a larger exchangerate
Selling Null Large T2 Hybrid Ammo,T2 scordite crystals And more.
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Miabo
The-Dark-Legion
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Posted - 2007.02.21 02:16:00 -
[9]
Does this have any effect on ISSO shares? Will dividends still be the guaranteed 5%?
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Ramblin Man
Empyreum
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Posted - 2007.02.21 06:13:00 -
[10]
Originally by: Miabo
Does this have any effect on ISSO shares? Will dividends still be the guaranteed 5%?
Originally by: Serenity Steele
Originally by: Barbicane
Uhm, how come the orignial ISSO shareholders don't get to vote about all these share trade-in programs?
We're the ones taking a hit, through depriciation of our shares.
...
The ISSO shareholders are not taking a hit, as the ISS Alliance is using pre-ISSO IPO funds incl. liquidating non-producing assets to effectively buy the more ISSO shares.
http://oldforums.eveonline.com/?a=topic&threadID=478467&page=1#18
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Eilene Fernite
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Posted - 2007.03.09 19:12:00 -
[11]
Are you going to be online any time soon? Sounds nice this share exchange, but if you don't log on, it's kind of hard to convo you to arrange the exchange...
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