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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2007.03.24 16:43:00 -
[1]
Not sure if this has been posted yet... (haven't read all replies) but would like to respond..
1) There is no such thing as a "FIN BPO" or an "Personal BPO".. technically All BPO's locked down by the trustee's are Eefrit's personal BPO's locked down to secure his personal issued bonds.
This should also avoid any confusion like "I bought BPO:X personal that has doubled in value, and then from my personal profit from FIN from month 3 and 4 I bought another personal one.. and the one I bought directly from FIN isk halved in value etc... The way the operation is going it is impossible to assign certain BPOs as FIN BPO's and others as personal ones, and we should be VERY careful to confuse these becuase then things can get very ugly.
If Eefrit wanted to do a "public T2 Company" such as "T2AHL or AATP" where shareholders directly profit and lose from BPO Price fluctuation, he should have.
Sure, Eefrit pays over his minimum of 4%, and that is all fine..
I am personally only comfortable with Eefrit lowering his payment to his minimum for as long as he sees fit and until such time as he feels he wants to volluntarily raise payments again...
There need not to be any reinvesting of the remaining 2% (becuase well none of the BPO's are FIN anyways)
Personally I have BIG issues with lowering the security from 120% for technical reasons (would ensure more work for trustee becuase a slight fluctuation immediately requires adjustment of more locking/unlocking) at least the 120% gives us some leeway that if it drops with 5% we don't immediately need to panic :)
Well... Eefrit...
1) All BPO's are your personal BPO's and any rise and fall in ANY of those bpos are your personal profit/loss 2) The BOND is your persona BOND and you are required to pay 4% (or more if you wish) 3) The Personal BPO's the trustees have locked for you will be used to secure your personal bonds.
I am sure someone has said this before me in this threat but cba to reread :)
Cheers!
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2007.03.24 16:45:00 -
[2]
Originally by: Eefrit
Anastasia, I have thought about buying back bonds but that will not change the security needed as it is based on the total number of bonds in circulation. i.e. if I had 200 Bill Isk of the 250 Bill Isk in bonds, the security would still need to cover the 250 Bill Isk of bonds in circulation,
We have had this issue before and is easy to cover with the trustee holding the shares... :) so really a non-issue...
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2007.03.24 16:49:00 -
[3]
Originally by: Eefrit I would like FIN to become 100% its own entity with total wallet seperation in the future. The other advantage of this is it allows more transparency as to what FIN is doing regards to making Isk.
To be frank, should have made public corp (with profit/loss accordingly) and not a bond... FIN isn't a corp, doesn't have liquid cash, doesn't have assets... FIN is only a "payment and security lockdown vehicle" for bonds... don't start to confuse things.
All cash raised by the bonds is your personal cash, and any personal cash can be used as liquid funds.. don't start treating FIN as a public corp now it is as huge as it is and write of the risk on the bond investors.
Seriously, if you are in trouble.. just drop to 4% like you are entitled to... till your personal wallet is more healthy... but this shift in communications is really worrying (talking about personal vs. FIN BPOs)
Anyways.. I reactivated the CEO, and did all the votes etc ;)
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2007.03.28 10:14:00 -
[4]
Originally by: LlamaOfPoon Give the 4% return as guaranteed. Anyone who bought into this venture with other ideas is a fool. The IPO clearly stated that 4% was guaranteed, anything more was a bonus. Take whatever measures you think are in best interests of the compant (be that expanding wallet for liquid isk or re-investing in more BPOs/capital manu/T1 manufacturing) to stabilise the value of the company such that assets are secure (sale isk will cover bonds) and get the company back above the 4% return level.
Fire EMFI Manager if he's being a ****. No skin off the shareholders nose and he never comes across on forums as anything but difficult to deal with.
Dude, if you aint enjoying it.... get out! Its a game! We all play for fun of some form and if you aren't having it, why are you playing? If its out of obligation to the shareholders: Do what you can for 4 weeks to increase company value, liquidate all assets and pay out the holders to what value you can.
WTS a clue... a BIG one..
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2007.03.31 12:31:00 -
[5]
5% 120% 100% 90% whatever..
The issue in this thread is the arbitrary split between "eefrit" and "fin" bpo's personal or non-personal.. which firstly is incorrect "fin doesn't hold BPOs ALL bpo's are Eefrit owned and therefore any drop or rise his own risk".
secondly it is frankly untracable... fin started with some eefrit bpo's some were sold some were bought, some were bought from bonds, some were resold again and bought again... it is impossible to earmark any of hte BPOs as "bought with bond isk" or "personal isk" so I think this whole "have to secure with personal bpos" is silly.
Also remember that FIN started to be 100% secured by "so called" personal BPOs... there was security FIRST before even 1 bond was sold, so this isn't new either.
The debate should be about:
1) Do I want less security to secure my investments?
meh, I cna see how Eefrit feels, BPO's drop, he isn't a public corp but a Bond so it is his own wallet being hit... but REMEMBER guys... if all BPO's doubled in value, your bond would have still be worth 10.000....
That is how Eefrit designed it.. a bond, not a share.. a guaranteed secured payment... not a participation in a BPO...
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