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Serenity Steele
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.03.10 20:16:00 -
[1]
As luck would have it, the shares have been very very far and wide throughout EvE, with most people exchanging <10 shares. This rounds out to 1000s more transactions than originally anticipated, all of which have to be logged, recorded etc.
So .. given there isn't enough of me to go around to get to everyone by the 10th and keep up my day job, the share exchange is extended to end of March, and other ISS management team will be helping (more info on that later).
This extention shouldn't come as a surprise to anyone, as I've always committed ISS to remaining reasonable in doing their best for handling shareholder concerns as issues arise.
Eve Strategic Maps - Outpost Alert
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Treelox
Amarr
Frontier Technologies
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Posted - 2007.03.10 21:16:00 -
[2]
you also need to extend the hours that the share exchange is available.
2200hrs to 2400hrs, like you have said in past post of yours is seriously a hinderance to many of our european, asian, african, australian and new zealand brothers-in-pod.
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FTEK | Production ~ Research ~ Sales ~ Omber Zombie's Wet Work |
Treelox
Amarr
Frontier Technologies
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Posted - 2007.03.10 21:18:00 -
[3]
also wondering if its possible for those of us stuck with odd number of shares, to maybe trade 3 shares and some isk to make up the missing 4th share, and still be able to get some value out of our now defunct and useless older ISS shares. There seem to be many people in this boat without multiples of 4, in their older ISS share portfolio.
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FTEK | Production ~ Research ~ Sales ~ Omber Zombie's Wet Work |
Johnny ReeRee
The ReeRee Brigade
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Posted - 2007.03.10 21:42:00 -
[4]
Seriously, do yourself and everyone a favor and just set up EGSE buy orders. Why are you making this more complicated than it needs to be?
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Treelox
Amarr
Frontier Technologies
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Posted - 2007.03.10 23:18:00 -
[5]
 Originally by: Johnny ReeRee
Seriously, do yourself and everyone a favor and just set up EGSE buy orders. Why are you making this more complicated than it needs to be?
the tinfoil hat brigade says, its so they dont have to exchange very many of the old shares, as it would seriously cut into there bottom line if they did.
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FTEK | Production ~ Research ~ Sales ~ Omber Zombie's Wet Work |
Markessa Hrethnor
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Posted - 2007.03.10 23:19:00 -
[6]
Originally by: Johnny ReeRee
Seriously, do yourself and everyone a favor and just set up EGSE buy orders. Why are you making this more complicated than it needs to be?
because of the overhead charged by egse? you going to foot all those 1% thru 3% charges? |
Treelox
Amarr
Frontier Technologies
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Posted - 2007.03.10 23:22:00 -
[7]
Originally by: Markessa Hrethnor
Originally by: Johnny ReeRee
Seriously, do yourself and everyone a favor and just set up EGSE buy orders. Why are you making this more complicated than it needs to be?
because of the overhead charged by egse? you going to foot all those 1% thru 3% charges?
better 1% - 3%, than not being able to exchange the shares at all. I know people who have been trying to catch SS online for weeks now, to no avail.
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FTEK | Production ~ Research ~ Sales ~ Omber Zombie's Wet Work |
Rusom Rokath
Amarr
Predominance
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Posted - 2007.03.10 23:33:00 -
[8]
Cheers, I was hoping you'd extend the exchange.
In addition to having other ISS members helping you out, would it be possible to enlist the help of one or a few of the EGSE brokers?
They could hold the shares, and then trade them with you in bulk. You might have to negotiate with them about the cost, but it would make life a lot easier for both yourself and the shareholders.
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Serenity Steele
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.03.11 00:54:00 -
[9]
Partial exchanges with top-up isk is possible, and many do this already.
To solve the second-guessing on some of the reasons for doing an exchange rather than buy:
- The extension shows that the ISS is interested in exchanging shares with every active player who has them to trade.
- Yes, ISS do believe they can save some ISK on shares held by players who have quit eve.
- No, ISS don't want to do an EGSE buy-order because it wants to support existance of share trading. ISS represent(ed) a large part of the EGSE funds available. Players can still choose to sell short, trade up (or down) in the current scenario
- No, the delays in exchanging shares have nothing to do with keeping share trading alive, it is literally simply not enough hours in the day for me, which is being addressed by other ISS management getting involved in exchanging shares.
- Yes, the ISS wants the eve community to keep a vested interest in ISS activities in the future, hence the trade rather than straight buy.
Eve Strategic Maps - Outpost Alert
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Johnny ReeRee
The ReeRee Brigade
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Posted - 2007.03.11 01:17:00 -
[10]
Edited by: Johnny ReeRee on 11/03/2007 01:19:52
Honestly, I don't really see how those follow. A buy-back is another form of trade, though why you'd want to inconvenience your own customers in order to protect the trade possibilities (which aren't threatened anyway) of shares intended to be liquidated is a little mysterious. Anyway, actual companies do buy-backs all the time.
And if people have quit, then they won't be using the buy back, any more than they would be talking to you, so there's no additional exposure. But there are clearly many people who are active, who simply can't connect with you. Making people jump through these silly hoops facing arbitrarily short deadlines isn't vesting the community in ISS nor protecting trade. Just the opposite, if anything.
I really don't think you're thinking about this properly.
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Ricdics
Corporate Placement Holding
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Posted - 2007.03.11 03:23:00 -
[11]
If EGSEx had a buy order up, it would make it much easier for people to claim on their shares. With the current setup that Serenity has taken, it makes it very inconvenient for people to get their funds back, in (i believe) the hope that a decent portion will give up on trying to get their funds back, thereby resulting in the payout being less.
A cunning strategic move to try and minimise payouts, but one that will only be viewed poorly by the public, and reflected upon your organisation.
Do the right thing, put up a buy order on EGSE, even if it is for ie 3% or so lower than your direct contact alternative to cover transaction fee's and the likes. Continuing in your current fashion will ensure ISS are never considered for further investments again. (At least not from me, and those I have spoken too regarding this)
Insured Research and Production Services
Queues |
Omber Zombie
Gallente
Frontier Technologies
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Posted - 2007.03.11 15:56:00 -
[12]
i'm happy to set my fee to 0.05% for the buyback (i'll not trade orders other than your own for this), which means the total EGSE fee is 1.05%
Yes,, I'm very bloody frustrated with this situation and if this helps to stop that frustration, fantastic.
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FTEK | Production ~ Research ~ Sales ~ Election Fixing |
Marie deMedici
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Posted - 2007.03.11 22:27:00 -
[13]
one option would be to setup a fund, which will give 1 share per traded share (you get the idea) and will exchange the shares to isso shares and distribute the dividends. This way everyone could dump their extra shares to the fund and the fund would cash them in as isso's
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Johnny ReeRee
The ReeRee Brigade
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Posted - 2007.03.12 18:48:00 -
[14]
Well, I've been an ISS advocate, but this is really badly done, and if Serenity refuses to fix this process -- and there's no other ISS oversight -- then I'll be selling my ISSO shares, eating the loss, and moving on.
It's unfortunate. Serenity is good with a spreadsheet, but less good at other things. I believe in the basic honesty and competence of Serenity and the Count, but they have a serious problem here which they apparently don't even recognize.
In fairness, it's been a tumultuous few months -- wars, loss of stations, loss of corps, new homes, new plans, IPO, etc. But this was a no-brainer.
Oh well.
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Serenity Steele
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Posted - 2007.03.13 02:06:00 -
[15]
Please contact Stins [ISSO] for share exchange.
Eve Strategic Maps - Outpost Alert
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Raven Karrde
Caldari Provisions
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Posted - 2007.03.13 15:44:00 -
[16]
and now serenity bails.. anyone checking her pockets while she leaves the office? Seriously I wonder how many people are still happy they gave so much money to these people. I just wonder how long it takes Count to bail too. Anyone see that ancient Jim Carey movie where he gets made vp just as the leaders of the corporation are leaving out the back door with all the investors money?
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Johnny ReeRee
The ReeRee Brigade
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Posted - 2007.03.13 16:40:00 -
[17]
I haven't been happy with the exchange program, but posts like this are just lame. Serenity has been paying money back to people for 18 months -- in all that time there's never been a whiff of any kind of corp theft. People are allowed to decide to do something different in game for a while, even Serenity.
I know there are people who get bees in their bonnets about ISS ("zomg ISS not neutral!!11!111one"), but dragging stuff like this around as part of some pathetic little meta-game effort is tiresome. Leave it in COAD.
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Count TaSessine
ISS Navy Task Force
Interstellar Starbase Syndicate
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Posted - 2007.03.13 20:00:00 -
[18]
No one is running away here. Serenity stepping down has been in the works for some time now, and Stins taking over is a natural step for us.
I'm not sure who to congratulate :-)
Chairman, ISS
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Ice9
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Posted - 2007.03.19 17:07:00 -
[19]
Any chance of an update on this?
For instance, can we please have someone who plays in European times to exchange shares with?
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Stins
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.03.19 22:53:00 -
[20]
Originally by: Ice9
Any chance of an update on this?
For instance, can we please have someone who plays in European times to exchange shares with?
sure, I play in the EU timezone :)
My times when I'm 100% sure online are in my bio ingame. Answering a convo might take up to 15 minutes, but if I missed you, I'll convo you. For convenience, these are the times for next week:
tuesday 20th march: 18.00 - 22.00
thursday 22th march: 18.00 - 22.00
sunday 25th march: 13.00 - 22.00
Stins,
ISS Finance Director
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Johnny ReeRee
The ReeRee Brigade
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Posted - 2007.03.20 00:31:00 -
[21]
So...still not budging on the simple, investor-friendly, trade-compatible option of an EGSE buy order? Even with OZ's generous offer? Still doing this absurd forced conversation exchange?
Frankly, a baffling decision -- and a poor one.
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Ice9
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Posted - 2007.03.20 12:42:00 -
[22]
Originally by: Stins
Originally by: Ice9
Any chance of an update on this?
For instance, can we please have someone who plays in European times to exchange shares with?
sure, I play in the EU timezone :)
My times when I'm 100% sure online are in my bio ingame. Answering a convo might take up to 15 minutes, but if I missed you, I'll convo you. For convenience, these are the times for next week:
tuesday 20th march: 18.00 - 22.00
thursday 22th march: 18.00 - 22.00
sunday 25th march: 13.00 - 22.00
Thanks for the reply Stins, I'll try and catch up with you next week.
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Motivated Prophet
Zerodot Schools
Power Corrupts Industry's
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Posted - 2007.03.20 15:08:00 -
[23]
Originally by: Omber Zombie
i'm happy to set my fee to 0.05% for the buyback (i'll not trade orders other than your own for this), which means the total EGSE fee is 1.05%
Yes,, I'm very bloody frustrated with this situation and if this helps to stop that frustration, fantastic.
Hmm, missed this thread, somehow. I would also be happy to do this.
MP
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TINY. Stage 2 IPO, because good things come in pairs. |
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