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FastLearner	Posted - 2007.05.26 02:02:00 - [1] I intend this thread to be used to maintain a record of Fury's weekly results - plus to hold a slightly more detailed breakdown of the last week's results. This opening post will be used to maintain a summary of weekly performance - the second post should always contain the most recent report/update. Historical reports will, of course, be spread throughout the thread amongst any comment that anyone may make.
FastLearner	Posted - 2007.05.26 02:02:00 - [2] Reserved
FastLearner	Posted - 2007.05.26 02:03:00 - [3] Reserved
FastLearner	Posted - 2007.05.26 02:29:00 - [4] Results for Week 19th - 26th May 2007. Net Asset Value at start of week : 12.0 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.027 Billion POS : 999 million Stock Minerals : 2.408 Billion T2/Named/Ships : 4.443 Billion Miscellaneous Odds and Ends :710 Million Cash In Wallet : 1.506 Billion Escrow : 617 Million Total : 12.71 Billion ---------- Total Profit for week : 710 million Salary : 355 million Distributed Dividend : 177.5 million (1.48%) Reinvested in Corporation : 177.5 million (1.48%) Total profit for shareholders (dividend + growth) : 2.96% --------- Share in circulation : 12000 Net Asset Value for period commencing 27th May 2007 : 12.1775 billion NAV per share for period commencing 27th May 2007 : 1.0178 million Buy-back per share : 0.964 million New shares being issued this period : 1500 Price per share : 1.055 million ---------- Report A slow but steady start. Obviously profits would be below usual this week - as it's less than a full week and some shares weren't even sold until the middle of it. Profits were further affected by the server problems on thursday (which caused a freighter convoy to be cancelled - leaving stock stranded in high-sec for a while. I also had my first ever default on a courier mission: while inconvenient, a small profit was made for shareholders from the collateral (which was, as always, more than the goods being hauled were worth). A further 1500 shares (bit over 1.5 billion worth) are being issued this week. These are being issued, as noted in my original IPO, at NAV/share + 4% (they will receive dividends at the end of next period). This expansion is being used to fund a new production line (which looks promising) and to slightly expand stock on market. Initial intention had been for a larger trenche of shares this week - but delays in getting the original stock to market means I'm not yet clear on whether some lines are worth investing properly in or not. At this stage there is no public offering on these shares - they're being offered to current shareholders and to people who missed the cut-off on the first sales. Should they not all sell in the next few days by those means, then the remainder will be made available to the public.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.06.02 06:23:00 - [5] Results for Week 26th May - 2nd June 2007. Net Asset Value at start of week : 13.6998 Billion ISK NOTE: For clarity of reporting, the new shares issued this week are treated as though they existed at the start of the week with the same NAV as the remainder of the shares. 1500 New shares were issued this week at a price of NAV +4%. ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.027 Billion POS : 999 million Stock Minerals : 3.284 Billion T2/Named/Ships : 5.393 Billion Miscellaneous Odds and Ends : 800 Million Cash In Wallet : 1.263 Billion Escrow : 627 Million Bills Receivable 240 Million (Stock on contract to alliance member) Total : 14.633 Billion ---------- Total Profit for week : 933.2 million Salary : 466.6 million Distributed Dividend : 233.3 million (1.7%) Reinvested in Corporation : 233.3 million (1.7%) Total profit for shareholders (dividend + growth) : 3.4% --------- Share in circulation : 13500 Net Asset Value for period commencing 27th May 2007 : 13.9331 billion NAV per share for period commencing 27th May 2007 : 1.032 million Buy-back per share : 0.9805 million New shares being issued this period : 0 Price per share : N/A ---------- Report A small increase in profits this period. Unfortunately the new investment largely didn't get put into play. As stated last week, the main intended use for this trenche of investment was to develop a new production line. I was initially let down by a mineral supplier and then had the misfortune to pick a freighter pilot to haul minerals for me who never accepted the contract after we'd agreed price etc. End result being that I still have a pile of minerals sitting in Jita rather than at my production facilities. I'll try for an alternative freighter pilot over the weekend - if that fails I'll just bite the bullet and use my own freighter. I rarely haul from Jita myself - as I need the freighter on an almost daily basis in 0.0. If reliable freighter pilots prove to be consistently hard to find then I'll end up buying a second one, leave it in high-sec and pod-jump the freighter pilot back and forth as needed. Sales were up on last week - in fact they increased by more than the results might suggest as a fair few of my stock items dropped in price in Jita, resulting in a reduction of my valuation of existing stock for the purposes of reporting. There will be no new shares on sale this week - I have no intention of entering my next phase of expansion until the new production line in high-sec is properly running. If I get reliable mineral deliveries for that sorted this week, then next week I would anticipate issuing 1500 - 2500 new shares to expand my reselling business to my second chosen sales location. All of those shares are already pre-booked, should they be issued, so there will be no public sale anyway. I am also aiming to get FHOLD listed on both of the Stock Exchanges in June - at which point buy-backs (which noone has requested yet) will be handled through them. I should note that what I offer is NOT technically a buy-back -as it's not Fury Holdings rebuying the shares, rather me offering to buy them from my personal wallet.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.06.09 11:04:00 - [6] Edited by: FastLearner on 09/06/2007 11:08:51 Results for Week 2nd June - 9th June 2007. Net Asset Value at start of week : 13.933 Billion ISK No new shares were issued this week. ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.027 Billion POS : 999 million Stock Minerals : 2.859 Billion T2/Named/Ships : 6.516 Billion Miscellaneous Odds and Ends : 820 Million Cash In Wallet : 1.295 Billion Escrow : 481 Million Bills Receivable 51 Million (Stock on contract to alliance members) Total : 15.048 Billion ---------- Total Profit for week : 1114.9 million Salary : 557.45 million Distributed Dividend : 278.725 million (2%) Reinvested in Corporation : 278.725 million (2%) Total profit for shareholders (dividend + growth) : 4.0% --------- Share in circulation : 13500 Net Asset Value for period commencing 9th June 2007 : 14.212 billion NAV per share for period commencing 9th June 2007 : 1.0527 million Buy-back per share : 1.0 million New shares being issued this period : 1500 Price per share : 1.094 ---------- Report Steady trading this week, passing the 1 billion profit mark for the first time. Hopefully profit will stay above that mark - and press on upwards. A couple of reliable freighter pilots have been found, solving the transportation problems encountered last week. This should ensure that the current Empire war-dec vs our alliance has no impact on performance - the primary business of reselling T2 would be unaffected anyway. Another small batch of shares are being issued this week - to finance expansion to a second marketting location. Only a selected subset of my usual products will be sold at this location - to take account of existing sellers in the market. For logistic reasons it's unlikely that sales at this new location will come online until the very end of the week - so don't expect a major bump in profits this week. You'll note that, as is my usual practice, new shares are issued at NAV + 4% : hence they finance their own dividend/growth for the first week while the associated capital injection is being put into play. Fury Holdings now has it's own capital ship. While the ship itself isn't included in the IPO, cyno fuel WILL be purchased by Fury Holdings for it - but only for use in jumping Fury Holdings stock. Fury Holdings will also cover the cost of disposal cyno ships for a dedicated alt to be used for jumping stock to the new market system. 1500 new shares are being issued this week at a price of 1.094 million each. As I still control a majority of shares the vote for new shares to be created will definitely pass. My buyback offer at 95% of NAV is now at 1.0 million per share - meaning original investors could now sell back shares to me at their purchase price and walk away with a 5.27% profit for the three weeks the company has been running. To date noone has requested that I buy-back shares from them.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.06.15 16:27:00 - [7] Results for Week 9th June - 15th June 2007. Net Asset Value at start of week : 15.791 Billion ISK 1500 new shares were issued this week. As is my usual practice, the NAV at start of week includes the newly issued shares valued at the same NAV/share as previously existing shares. ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.343 Billion POS : 999 million Stock Minerals : 3.366 Billion T2/Named/Ships : 7.64 Billion Miscellaneous Odds and Ends : 770 Million Cash In Wallet : 1.215 Billion Escrow : 676 Million Total : 17.009 Billion ---------- Total Profit for week : 1.218 billion Salary : 609 million Distributed Dividend : 304.5 million (1.93%) Reinvested in Corporation : 304.5 million (1.93%) Total profit for shareholders (dividend + growth) : 3.86% --------- Share in circulation : 15000 Net Asset Value for period commencing 16th June 2007 : 16.0955 billion NAV per share for period commencing 16th June 2007 : 1.073 million Buy-back per share : 1.01935 million New shares being issued this period : 0 ---------- Report Steady trading again this week. 1320 of the 1500 new shares issued were sold - I purchased the remaining 180 myself to keep accounting simple. It wasn't that there was a lack of interest in the shares - I turned people away who wanted to buy - it was simply a case that some people who had asked for shares (and who I'd reserved shares for) never came up with the cash in time. Stock has been purchased and moved to 0.0 for the new sales outlet. As mentioned in my last report, there are logistic issues with initial stocking of the location - however it is anticipated that it will be stocked and functioning by the end of the weekend. Next week is patch week - with one day scheduled for the update and every chance of extended further downtimes thereafter if problems with deployment arise. Obviously, if there is substantial downtime, profits for the week will suffer. The actual changes in this patch should have negligible effects on the profitability of Fury Holdings. I will now briefly address the main relevant changes - and explain why they shouldn't significantly impact our profitability: T2 Ammo: This being inventable MAY drop t2 ammo prices - however we don't stock or sell T2 ammo so should be unaffected. T2 Drones : We do stock these, however I have been keeping stock-levels very low (especially on Hammerheads which are the ones most likely to take a big price hit). It's possible that a slight drop in the selling price of other T2 drones may be necessary (currently selling them at 50-100% markup) - but these form a very small part of our turnover. Minerals : Like everyone else with half a brain I already have a decent stockpile of Zydrine - which is the mineral rising in price the most. I don't anticipate any huge increase in mineral prices across the board (not to the extent when tier 2 BCs and tier 3 BS were introduced) but as prices are more likely to rise than fall I have stocked up higher on minerals than usual. Ultimately the T1 goods I build with the minerals have their price set relative to the cost of building them - so if mineral prices rise, so will my selling prices to maintain a similar profit margin. T2 Modules : The patch doesn't appear to have any wide-ranging effect on the manufacture of these. Prices will most likely continue to fall slowly as stockpiled RPs get converted into Datacores. Luckily the market in 0.0 isn't all that responsive to price drops in Jita - so even a moderate sharp drop would only hit profits temporarily on the books (where Fury Holdings loses NAV when I mark down the value of stock - then gains it back when sales generate an increased profit). There ARE a few exceptions to this - e.g. EANM IIs may well lose value due to demand falling faster than production as the fitting nerf-bat hits.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.06.15 16:29:00 - [8] In conclusion - other than the downtime I don't see the patch negatively impacting to any significant extent on profitability. While there ARE a few new markets I may move into after the patch, the capital needed for these is minimal. Accordingly, there will be no new shares issued this week. Dividend will be paid shortly - I've done it half a day early this week as I'm not certain what time I'll be around tomorrow: and I needed to do a proper stock-take today anyway for reasons unrelated to this report.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.06.22 18:56:00 - [9] Results for Week 16th June - 22nd June 2007. Net Asset Value at start of week : 16.0955 Billion ISK No new shares were issued this week. ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.343 Billion POS : 999 million Stock Minerals : 3.463 Billion T2/Named/Ships : 7.480 Billion Miscellaneous Odds and Ends : 985 Million Cash In Wallet : 1.428 Billion Escrow : 545 Million Total : 17.243 Billion ---------- Total Profit for week : 1.1475 billion Salary : 573.75 million Distributed Dividend : 286.875 million (1.78%) Reinvested in Corporation : 286.875 million (1.78%) Total profit for shareholders (dividend + growth) : 3.56% --------- Share in circulation : 15000 Net Asset Value for period commencing 23rd June 2007 : 16.3824 billion NAV per share for period commencing 23rd June 2007 : 1.0922 million Buy-back per share : 1.0376 million New shares being issued this period : 0 ---------- Report Patch week - so only 6 days trading instead of 7: and results reflect that. Sales were actually VERY weak on Wednesday (the day after the patch) before getting back to normal on Thursday. If the week's results are scaled up (multiplied by 7/6) then projected dividend would have been about 2.07%. The new sales location performed pretty dismally - if it continues the same way I'll move it a few jumps (slightly messier logistics - but worth it for more sales). The high-sec production, on the other hand, contributed nicely this week, generating around 175 million ISK profit from around 1 billion ISK tied up in BPOs/minerals. I'm optimistic dividend next week will get back above 2%. No new shares are being issued this week. There will be some small investment in additional BPOs but the ISK reinvested for growth can cover that for now.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.06.29 22:00:00 - [10] Results for Week 23rd June - 29th June 2007. Net Asset Value at start of week : 16.3823 Billion ISK No new shares were issued this week. ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.483 Billion POS : 999 million Stock Minerals : 2.874 Billion T2/Named/Ships : 7.632 Billion Miscellaneous Odds and Ends : 935 Million Cash In Wallet : 1.785 Billion Escrow : 660 Million Bills Receivable : 280 million (in fact 240 of this was paid just after I finished doing my weekly accounts) Total : 17.648 Billion ---------- Total Profit for week : 1.266 billion Salary : 633 million Distributed Dividend : 316.5 million (1.93%) Reinvested in Corporation : 316.5 million (1.93%) Total profit for shareholders (dividend + growth) : 3.86% --------- Share in circulation : 15000 Net Asset Value for period commencing 23rd June 2007 : 16.7 billion NAV per share for period commencing 23rd June 2007 : 1.1133 million Buy-back per share : 1.0576 million New shares being issued this period : 0 ---------- Report Trading picked up a bit after last week - though not quite as much as I'd have liked. I've been facing increasing competition - largely, I think, from people dabbling in invention. Local political developments prevented me moving my second sales base - though sales at it DID pick up a bit this week. Sales in general were better in the second half of the week than in the first half. Not much else to report really - other than 160 million worth of stock vanishing into limbo due to a buggy contract (which wasn't visible to either me or the recipient). Contract finally showed up today though, and the stock is now safely back in the hangar - after I'd wasted hours trying to work out where the items had vanished to. There's no plans to release new shares this week.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.07.06 16:57:00 - [11] Edited by: FastLearner on 06/07/2007 16:58:10 Results for Week 30th June - 6th July 2007. Net Asset Value at start of week : 16.7 Billion ISK No new shares were issued this week. ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.483 Billion POS : 999 million Stock Minerals : 2.53 Billion T2/Named/Ships : 8.733 Billion Miscellaneous Odds and Ends : 895 Million Cash In Wallet : 1.804 Billion Escrow : 588 Million Total : 18.032 Billion ---------- Total Profit for week : 1.332 billion Salary : 666 million Distributed Dividend : 333 million (1.99%) Reinvested in Corporation : 333 million (1.99%) Total profit for shareholders (dividend + growth) : 3.98% --------- Share in circulation : 15000 Net Asset Value for period commencing 23rd June 2007 : 17.033 billion NAV per share for period commencing 23rd June 2007 : 1.1355 million Buy-back per share : 1.079 million New shares being issued this period : 0 ---------- Report Didn't QUITE manage to get dividend back over 2% - but very close. Trading volume was up quite a lot on previous weeks, but reduction in profit margins due to increased competition didn't convert that into a similar change in profits. Would still have got dividend back over 2% if not for a freighter delivery of minerals taking 3 days rather than the usual 1 (after I'd forgotten to contract it for 2 days) meaning production actually stopping for 2 days on some products. I expect profits next week to be of similar scale to this week. At the end of the coming week, some more BPOs come out of research and production will be increased slightly - the growth from the last weeks will be enough to manage the mineral stocks for these, no no further investment is needed at this stage. After the Rve 2 patch I bought some remote hull repper BPOs, and slung a few of each type or repper up on the Essence region markets (may as well make a few ISK while they're new). A week or so ago, competition started on medium ones, and I dropped my price to 99K each on them to clear my stock - or so I thought. Turns out I'd set them to 99 million each by mistake. As this isn't one of my "proper" product lines I wasn't bothering to monitor it - and only realised my mistake when I logged in to find the production alt's wallet up by 500 million and a mail from someone asking for some of his ISK back as he hadn't checked the price. Seems someone had a few beers then bought 5 of them at 99 million each. I refunded most of his ISK - otherwise profits would have been substantially higher this week. The individual involved was so grateful that he bought up all medium remote hull reppers in the region then contracted them all to me - so I STILL have a pile of the damned things to shift :) Apologies to any share-holders who would have preferred me just to keep the ISK - but that's not the way I do business. I've no problems with hurting someone else's wallet through cleverness - but accidentally scamming someone because I typoed a sell order modification isn't my style. There's no plans to release new shares this week.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.07.13 15:20:00 - [12] Results for Week 7th July 2007 - 13th July 2007. Net Asset Value at start of week : 17.033 Billion ISK No new shares were issued this week. ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.529 Billion POS : 999 million Stock Minerals : 2.224 Billion T2/Named/Ships : 9.329 Billion Miscellaneous Odds and Ends : 975 Million Cash In Wallet : 1.722 Billion Escrow : 474 Million Total : 18.252 Billion ---------- Total Profit for week : 1.219 billion Salary : 609.5 million Distributed Dividend : 304.75 million (1.79%) Reinvested in Corporation : 304.75 million (1.79%) Total profit for shareholders (dividend + growth) : 3.58% --------- Share in circulation : 15000 Net Asset Value for period commencing 23rd June 2007 : 17.338 billion (rounded to naerest billion) NAV per share for period commencing 23rd June 2007 : 1.1559 million Buy-back per share : 1.098 million New shares being issued this period : 0 ---------- Report A disappointing slump in profits this week - due primarily to local political events largely killing sales at one of my sales centres. I'd anticipate next week's profts being similar to this week's. The war-decs on our alliance by (mainly) Empire-dwelling pirates had (and will continue to have) no effect - our sales are mainly in 0.0 and the risky hauling from Jita is all done via public courier contracts (with 110% collateral of course) or by contracted out freightering for minerals. There are two major initiatives being carried out by Fury Holdings in the near future: The launch of a bank and (hopefully) expansion to a third selling location with relocation of the current struggling second one. Full information on the bank will be published here on the weekend - although it's services are targetted mainly at members of my own alliance. Bullet points for the bank being: * Owned by Fury Holdings, with all profits distributed in the same manner as current profits. * No new shares in Fury Holdings being offered to finance it - if "seed" capital is needed then I'll provide that myself by depositing in the same way as anyone else. * Interest paid at rates not too much below that received from many current Bond offers - but with much faster access to ISK for withdrawal. * Loans available if collateral provided, with the repayment period being dynamic rather than preset. * Loans also provided without collateral if a guarantor is provided - however this option will only be available to members of my alliance. The bank should increase profits for Fury Holdings share-holders, provide a service to my alliance and the wider public - and, of course, line my pockets a bit in the process.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.07.20 02:13:00 - [13] Results for Week 14th July 2007 - 29th July 2007. Net Asset Value at start of week : 17.338 Billion ISK No new shares were issued this week. ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.579 Billion POS : 999 million Stock Minerals : 3.012 Billion T2/Named/Ships : 9.149 Billion Miscellaneous Odds and Ends : 935 Million Cash In Wallet : 5.852 Billion Escrow : 633 Million Sub-Total : 23.159 Billion Liabilities : (4.45 billion) Total : 18.709 billion ---------- Total Profit for week : 1.371 billion Salary : 685.5 million Distributed Dividend : 342.75 million (1.97%) Reinvested in Corporation : 342.75 million (1.97%) Total profit for shareholders (dividend + growth) : 3.95% --------- Share in circulation : 15000 Net Asset Value for period commencing 23rd June 2007 : 17.681 billion (rounded to nearest million) NAV per share for period commencing 23rd June 2007 : 1.1559 million Buy-back per share : 1.12 million New shares being issued this period : 0 ---------- Report Bit of an improvement on last week. Sales were very wierd this week - quiet over last weekend, then very busy monday/tuesday then gone quiet again. Main news this week was the launch of Fury Bank - which will increase operating capital for Fury Holdings and allow diversification into less profitable markets without diluting share-holder equity. Investment in the bank so far has been modest (4.45 billion) but as advertising/publicty has been negligible that was expected (and, actually wanted). There'd be no point taking more investment than could be usefully deployed. Over the weekend I'll put most of the current investment to work (not all - some has to be kept back to cover withdrawals) then I'll start the drive for more investment.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.07.27 00:21:00 - [14] Results for Week 20th July 2007 - 26th July 2007. Net Asset Value at start of week : 17.681 Billion ISK No new shares were issued this week. ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.579 Billion POS : 999 million Freighter : 900 million Stock Minerals : 3.570 Billion T2/Named/Ships : 9.916 Billion Miscellaneous Odds and Ends : 910 Million Cash In Wallet : 5.79 Billion Escrow : 736 Million Bills Receivable : 11 million Sub-Total : 25.411 Billion Liabilities : (6.275 billion) Total : 19.136 billion ---------- Total Profit for week : 1.455 billion Salary : 727.5 million Distributed Dividend : 363.75 million (2.06%) Reinvested in Corporation : 363.75 million (2.06%) Total profit for shareholders (dividend + growth) : 4.11% --------- Share in circulation : 15000 Net Asset Value for period commencing 28th July 2007 : 18.045 billion (rounded to nearest million) NAV per share for period commencing 28th July 2007 : 1.203 million New shares being issued this period : 0 ---------- Report This week sees the highest weekly profit yet - both in absolute terms and as a percentage of NAV. Didn't really see anything too special happen - and I was surprised when profits were as high as they are (it felt like a 1.9% week to me). Guess the small profits resulting from Fury Bank coming online pushed it up a bit more than I'd expected. Deposits have been slowly trickling into the Bank - but no sign of anyone wanting a loan yet. Which is all good - as the current level of deposits is small enough that I can easily use it myself to bolster Fury Holdings profits. Weekly reports will no longer contain a "buy-back" value. I will now extend a 100% of NAV buyback offer to anyone who wants to sell their Fury Holdings shares - if I don't have enough ISK myself, I can always take a loan out from Fury Bank to do it :) Not that I'm anticipating a rush to sell FH shares - to date noone has tried to sell theirs back.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.08.03 00:10:00 - [15] Results for Week 28th July 2007 - 3rd August 2007. Net Asset Value at start of week : 18.045 Billion ISK No new shares were issued this week. ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.759 Billion POS : 999 million Freighter : 900 million Stock Minerals : 4.167 Billion Modules/Ships : 11.83 Billion Miscellaneous Odds and Ends : 930 Million Cash In Wallet : 3.684 Billion Escrow : 868 Million Sub-Total : 26.137 Billion Liabilities : (6.57 billion) Total : 19.567 billion ---------- Total Profit for week : 1.522 billion Salary : 761 million Distributed Dividend : 380.5 million (2.11%) Reinvested in Corporation : 380.5 million (2.11%) Total profit for shareholders (dividend + growth) : 4.22% --------- Share in circulation : 15000 Net Asset Value for period commencing 28th July 2007 : 18.425 billion (rounded to nearest million) NAV per share for period commencing 28th July 2007 : 1.2283 million New shares being issued this period : 0 ---------- Report This week, again, sees the highest weekly profit yet - both in absolute terms and as a percentage of NAV. I won't bother commenting on that again - as hopefully it'll become a common trend. There's still been no requests for loans from the bank - so most of the deposit has been applied to increasing the breadth and depth of stock. A fair chunk of the new stock has yet to hit the market (would guesstimate about 2 billion worth), so I'm optimistic profits will rise even higher next week. I also moved the location of my second sales point at the start of this week, which cost maybe half a days sales on that. I've identified even more product lines to exand into - so will be making a proper push to increase deposits in the bank during the next week. In a few weeks time I intend to open a third sales location. If bank deposits are not sufficient to cover stock for that then I may consider issuing a fixed-term bond - giving a higher rate of return than bank deposits but with a reduced rate buy-back if exercised before it's scheduled end. There's no benefit to Fury Holdings shareholders in me releasing more Fury Holdings shares - all that would happen is that current bank depositors would withdraw and buy them. That would leave total capital available the same - so not solve the issue at hand. I have only myself to blame for that dilemma - Fury Holdings gives good profits AND 100% buy-back on demand: so it's a no-brainer to shift funds from the bank to there if the opportunity were offered. Onwards and upwards we head.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.08.10 05:43:00 - [16] Edited by: FastLearner on 10/08/2007 05:45:28 Results for Week 4th August 2007 - 10th August 2007. Net Asset Value at start of week : 18.425 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.759 Billion POS : 999 million Freighter : 900 million Stock Minerals : 3.813 Billion Modules/Ships : 13.158 Billion Miscellaneous Odds and Ends : 890 Million Cash In Wallet : 4.203 Billion Escrow : 889 Million Sub-Total : 27.611 Billion Liabilities : (7.625 billion) Total : 19.986 billion ---------- Total Profit for week : 1.561 billion Salary : 780.5 million Distributed Dividend : 390.25 million (2.12%) Reinvested in Corporation : 390.25 million (2.12%) Total profit for shareholders (dividend + growth) : 4.24% --------- Share in circulation : 15000 Net Asset Value for period commencing 11th August 2007 : 18.815 billion (rounded to nearest million) NAV per share for period commencing 11th August 2007 : 1.2543 million New shares being issued this period : 0 ---------- Report This week sees another milestone reached: after 12 weeks of running Fury Holdings has now reached 50% of initial investment returned to shareholders as profit (half in dividends, the other half in increased share value). I believe the increased share value CAN be counted as profit - as i offer a buy-back to investors at 100% of current NAV. This week also saw the first instance of me buying back an investor's shares. Profits were very similar to last week's - the week was actually busier than the previous one, but marking down the value of some T2 stock (due to lowered prices in Jita) trimmed profits back to similar to the previous week. I also had my second courier mission which wasn't completed - 700 million worth of stock. As there was an 800 million collateral on it it wasn't a disaster for Fury Holdings (it probably was for the hauler - who I assume got suicide ganked). If anyone is wondering why I was using courier contracts when Fury Holdings have a high-sec freighter the answer is that I only use the freighter for major hauling once per week - when I move all mineral requirements and the bulk of stock for the week. Mid-week top-up orders are still done by courier contract. I never did get around to properly promoting Fury Bank last week - partly because of being busier than usual in RL, partly because there's no urgent need for more deposits (and the associated admin). Deposits in the bank were at 7.625 billion when I prepared the end of week results - they've now grown to over 8 billion (part of the growth being me depositing most of my own salary from Fury Holdings). I'd expect next week's results to be similar to this week's - hopefully on the better side of "similar". I believe the upturn in Fury Holdings profits in the last 3 weeks justifies my offering 1.4% interest on deposits (some people questioned how I could manage that when 20% of deposits were left as cash).
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.08.16 22:33:00 - [17] Results for Week 11th August 2007 - 17th August 2007. Net Asset Value at start of week : 18.815 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.759 Billion POS : 999 million Freighter : 900 million Stock Minerals : 5.118 Billion Modules/Ships : 14.697 Billion Miscellaneous Odds and Ends : 860 Million Cash In Wallet : 3.238 Billion Escrow : 902 Million Sub-Total : 29.473 Billion Liabilities : (9.025 billion) Total : 20.448 billion ---------- Total Profit for week : 1.633 billion Salary : 816.5 million Distributed Dividend : 408.25 million (2.17%) Reinvested in Corporation : 408.25 million (2.17%) Total profit for shareholders (dividend + growth) : 4.34% --------- Share in circulation : 15000 Net Asset Value for period commencing 18th August 2007 : 19.223 billion (rounded to nearest million) NAV per share for period commencing 18th August 2007 : 1.2815 million ---------- Report Report's a bit earlier than usual this week - as I know I have busy day of RL work tomorrow, so getting it out of the way while I have the chance. Seems like I've settled into doing reports/dividends every week - despite my initial statement that I'd do them every week or two. Just reminding investors of that in case I ever decide to skip a week. Profits continued their upward trend this week - as did my salary (first week when my salary + dividends + interest from my own bank deposits exceeded 1 billion). I can't see any reason why profits next week should be substantially any different to those this week. Deposits in Fury Bank should pass the 10 billion mark in the next week - still no signs of any loans though. Deposits are nearing the limit of what I can usefully employ in my current sales/manufacture, so guess it's time for me to sort out next area of expansion. Nothing much of interest happened this week. Anyone who actually pays attention to this may notice that I have rather a lot more minerals than is usual - that's just a result of the stock-take occurring right after a major mineral purchase. Usually a chunk of those minerals minerals would be put into production before I produced the weekly report - at which time they disappear from minerals and show up as ships/modules (anything in build I list as though it were built - the extra admin to track "in build" just isn't worth the hassle).
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.08.16 22:38:00 - [18] Forgot to mention it in main report - so it can have a post of it's own. Fury Holdings has now hit it's 3-month mark (91 days running is as near as damn it 3 months). Total profit for shareholders in first 3 months is 56.3% of initial investment. Not too shabby if I do say so myself.
Ezoran DuBlaidd Rivers Enterprises Power Corrupts Industry's	Posted - 2007.08.16 23:17:00 - [19] Originally by: FastLearner Forgot to mention it in main report - so it can have a post of it's own. Fury Holdings has now hit it's 3-month mark (91 days running is as near as damn it 3 months). Total profit for shareholders in first 3 months is 56.3% of initial investment. Not too shabby if I do say so myself. do you guys have anything up on the RESX site, shares-wise?
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.08.16 23:29:00 - [20] Originally by: Ezoran DuBlaidd Originally by: FastLearner Forgot to mention it in main report - so it can have a post of it's own. Fury Holdings has now hit it's 3-month mark (91 days running is as near as damn it 3 months). Total profit for shareholders in first 3 months is 56.3% of initial investment. Not too shabby if I do say so myself. do you guys have anything up on the RESX site, shares-wise? I'm not aware of anyone currently trying to sell their shares (I offer a buyback at 100% of NAV). I also have a fairly long list of people after any shares which becoime available (i.e. most of current investors, a bunch of alliance mates and even random people I don't know who mail me asking for them). I DID contact RESX asking about getting a listing when the IPO started - but got no reply. Now there's little urgency - noone's selling, and if they did sell I'd rather they just sold back to me :) There won't be any new share issues in the forseeable future - it's just not in the interests of current shareholders when I'm getting the extra capital to expand from Fury Bank deposits and only having to pay 5.4% per month for it (which isn't much more than some other IPOs pay - just with immediate withdrawal etc). I'll be interested to see what the shares go for if someone ever auctions them off - so far only two people have sold their shares: one lot I got, the other lot I was going to buy then relented and let someone who'd been after shares for a while buy them.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.08.24 21:53:00 - [21] Results for Week 18th August 2007 - 24th August 2007. Net Asset Value at start of week : 19.223 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 2.759 Billion POS : 999 million Freighter : 900 million Stock Minerals : 4.494 Billion Modules/Ships : 14.648 Billion Miscellaneous Odds and Ends : 1.145 Million Cash In Wallet : 4.946 Billion Escrow : 1.084 Million Sub-Total : 30.975 Billion Liabilities : (10.016 billion) Total : 20.959 billion ---------- Total Profit for week : 1.736 billion Salary : 868 million Distributed Dividend : 434 (2.26%) Reinvested in Corporation : 434 million (2.26%) Total profit for shareholders (dividend + growth) : 4.52% --------- Share in circulation : 15000 Net Asset Value for period commencing 25th August 2007 : 19.657 billion (rounded to nearest million) NAV per share for period commencing 25th August 2007 : 1.31 million ---------- Report Another week with decent profits. I've been very busy with RL this week - with limited net access. So my access to Eve has been pretty much down to once per day for an hour or two when I've updated my buy/sell orders, dealt with correspondence etc. Because of this, the percentage of total funds in cash is higher than usual - as I've missed my usual end of week major restock (both on modules and on minerals for my high-sec production which is now low on some minerals). That will, of course, be remedied over the weekend. Still no sign of any loan requests for the bank (not surprising given I don't advertise it), but deposits edged just over the 10 billion mark (10.016 billion when I compiled weekly results, 10.7 billion or so now). With a competitor bank launching soon (E-Bank) it'll be interesting to see how the increased awareness for Eve banking they'll generate due to the higher profile of their board of directors will translate into new customers for both of us. Reducing time spent on things like boards of directors is, of course, one of the reasons I can offer double the interest rate they do. There's definitely a market for multiple banks with different benefits for their customers - so I see a respectable competitor like them as probably a benefit to Fury Bank. The level of RL work I've had this weeks means there's no major developments happened in expansion to either of Fury Holdings or Fury Bank. I'll continue to be busy with RL work next tuesday/wednesday (monday is a bnak holiday here) after which I should be back to my usual situation of spending most of the day playing Eve at work. If anyone is interested in selling their shares, a current shareolder is now offering 5% over NAV for them. He hasn't stated how many he'll buy - I'd guess 2-3 billion worth at minimum. I'm happy to act as a middleman for no charge in any such share transfers - with it being shares in my own IPO there should be no trust issues from the purchaser towards me. I will, of course, continue to buy back any shares at NAV if anyone would rather do that. It looks like, after next week, investors will have received back 2/3 of their initial investment (in dividends + NAV growth) in around 3.5 months.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.08.30 14:30:00 - [22] Edited by: FastLearner on 30/08/2007 14:34:52 Results for Week 25th August 2007 - 31st August 2007. Net Asset Value at start of week : 19.657 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 3.921 Billion POS : 999 million Freighter : 900 million Stock Minerals : 5.067 Billion Modules/Ships : 15.938 Billion Miscellaneous Odds and Ends : 1.11 Million Cash In Wallet : 4.185 Billion Escrow : 1.313 Billion Sub-Total : 33.433 Billion Liabilities : (12.121 billion) Total : 21.312 billion ---------- Total Profit for week : 1.655 billion Salary : 827.5 million Distributed Dividend : 413.75 (2.1%) Reinvested in Corporation : 413.75 million (2.1%) Total profit for shareholders (dividend + growth) : 4.21% --------- Share in circulation : 15000 Net Asset Value for period commencing 1st September 2007 : 20.071 billion (rounded to nearest million) NAV per share for period commencing 1st September 2007 : 1.338 million ---------- Report The report this week is a day early. I have a lot of stock to move around over the next few days - so I've done the week's accounting a day early while it's still easy to do. Profits are down slightly from last week - which could easily be a direct result of doing accounts slightly early (so missing out on a day's worth of profits). In addition to that factor, this week was also the one where the expensive offices were paid for (a once a month expense of over 100 million). Also some new BPOs were bought - resulting in an immediate loss on paper (I value T1 BPOs at NPC sales price - meaning if I buy a researched BPO for above that price there is an immediate drop in book value of the corporation's assets). Profits should be back up to the previous week's levels next week. This week also sees a few milestones reached. Net Asset Value (NAV) of Fury Holdings has now passed the 20 billion mark and shareholders have now profitted by just over 2/3 of their initial investment in the 15 weeks Fury Holdings has been running.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.09.07 13:28:00 - [23] Results for Week 1st September 2007 - 7th September 2007. Net Asset Value at start of week : 20.071 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 5.921 Billion POS : 999 million Freighter : 900 million Stock Minerals : 4.854 Billion Modules/Ships : 16.673 Billion Miscellaneous Odds and Ends : 1.07 Billion Cash In Wallet : 3.645 Billion Escrow : 1.344 Billion Sub-Total : 35.406 Billion Liabilities : (13.529 billion) Total : 21.877 billion ---------- Total Profit for week : 1.806 billion Salary : 903 million Distributed Dividend : 451.5 million (2.25%) Reinvested in Corporation : 451.5 million (2.25%) Total profit for shareholders (dividend + growth) : 4.5% --------- Share in circulation : 15000 Net Asset Value for period commencing 8th September 2007 : 20.522 billion (rounded to nearest million) NAV per share for period commencing 8th September 2007 : 1.368 million ---------- Report Profits are back up this week after last week's slightly low figure - despite increased competition on some items this week (which has probably cost about 150 million in reduced profits on some lines). Competition can't just be ignored in the reselling market - my usual aim is to make the market unattractive for them, even if that means taking a loss myself in the process. On a few lines the competition has been seen off - on others I'm currently selling at near zero margin waiting for them to undercut once more so I can buy up their stock and pump the price back up. I've also run out of stock on a number of lines at my second sales site - an issue which will be fixed over the weekend. Another production line in high-sec comes online in the coming week which should add a bit more profit each week. And the RL work I've been a bit busy with for the last 3 weeks should have slowed down by Monday. All in all, I'm confident next week should set a new record in % profits for Fury Holdings (this week set a new record dividend payment as an amount - but fell just short of being a record as a % of NAV). Fury Bank slowly gains new deposits - mainly from current depositors putting more in, rather than from gaining new customers. That's only to be expected given the total lack of advertisement for it. With me having some more free time shortly (hopefully) I should be able to finalise some new investment opportunities and drive for more deposits in the Bank.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.09.15 00:33:00 - [24] Results for Week 8th September 2007 - 14th September 2007. Net Asset Value at start of week : 20.522 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 5.921 Billion POS : 999 million Freighter : 900 million Stock Minerals : 4.525 Billion Modules/Ships : 17.775 Billion Miscellaneous Odds and Ends : 1.03 Billion Cash In Wallet : 5.159 Billion Escrow : 1.044 Billion Sub-Total : 35.353 Billion Liabilities : (15.011 billion) Total : 22.342 billion ---------- Total Profit for week : 1.82 billion Salary : 910 million Distributed Dividend : 455 million (2.22%) Reinvested in Corporation : 455 million (2.22%) Total profit for shareholders (dividend + growth) : 4.43% --------- Share in circulation : 15000 Net Asset Value for period commencing 15th September 2007 : 20.977 billion (rounded to nearest million) NAV per share for period commencing 8th September 2007 : 1.3985 million ---------- Report Very similar results to last week, unfortunately. Competition both on some sell orders - and also on 0.0 mineral buy orders is what prevented setting a new record weekly % as I'd hoped to. Apologies to share-holders for paying the dividend in 2 stages - first time I'd forgotten to move ISK to corporation wallet and so only dividended the 80 million or so in it. Corp wallet is only used for manufacturing fees and office rents - so is generally pretty empty, Fury Bank passed the 15 billion milestone (in fact it's over 16 billion now). Still no loans issued though (there have been a few people expressing interest but, as yet, none of them have actually taken a loan out). If I have time over the weekend I'll be assessing a new bunch of items to resell in 0.0 - and also doing the calculations for the next Fury venture.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.09.21 21:48:00 - [25] Results for Week 15th September 2007 - 21st September 2007. Net Asset Value at start of week : 20.977 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 5.921 Billion POS : 999 million Freighter : 900 million Stock Minerals : 6.171 Billion Modules/Ships : 19.536 Billion Miscellaneous Odds and Ends : 0.99 Billion Cash In Wallet : 5.021 Billion Escrow : 1.776 Billion Sub-Total : 41.314 Billion Liabilities : (18.155 billion) Total : 23.159 billion ---------- Total Profit for week : 2.182 billion Salary : 1.091 billion Distributed Dividend : 545.5 million (2.6%) Reinvested in Corporation : 545.5 million (2.6%) Total profit for shareholders (dividend + growth) : 5.2% --------- Share in circulation : 15000 Net Asset Value for period commencing 15th September 2007 : 21.522 billion (rounded to nearest million) NAV per share for period commencing 8th September 2007 : 1.4348 million ---------- Report Record profits this week (in absolute AND percentage terms). This can be attributed mainly to two factors: 1. Our alliance is in a low-scale war. So members have been stocking up fast on ships/fittings. It doesn't hurt that one of my sales points is in contested territory where the opposition are also buying up equipment. 2. I managed to purchase a decent chunk of minerals at well below market prices. Here's hoping the war continues :) Didn't get time to do any expansion in business activities last week. But the next stage of the Fury brand's development is an expansion of the range of products offered for investors. There are two new financial instruments due to be launched in the short-term future: 1. A deposit bond. This will be administered through Fury Bank. A slightly higher rate of interest will be offered than for current deposits - but with a 1 week notification of withdrawal required. This will NOT be handled through the issue of shares and interest will be compounded based upon a daily rate. This offering targets investors who are looking for a longer-term investment with a slightly more competetive rate but still want the opportunity of penalty-less withdrawal with a relatively short notice period. 2. A Premium-Bond type investment for the gamblers out there. This will be administered through a new corporation which will be responsible for the risks involved. The bond will be withdrawable at face value - with the interest on it effectively buying lottery tickets. Jackpot prizes will be pool-based, but with a guaranteed minimum pool if hit (hence the element of risk involved). Lottery drawings will, of course, be based on RL lottery drawings. This offering will be aimed at investors who fancy tucking away a small sum of ISK with no tiny interest rate but a (slim) chance of winning billions of ISK. Expansion may later occur to allow purchase of individual tickets valid for one week.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.01 14:16:00 - [26] Results for Week 22nd September 2007 - 28th September 2007. Net Asset Value at start of week : 20.977 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 6.286 Billion POS : 999 million Freighter : 900 million Stock Minerals : 6.157 Billion Modules/Ships : 21.156 Billion Miscellaneous Odds and Ends : 0.95 Billion Cash In Wallet : 5.58 Billion Escrow : 1.504 Billion Sub-Total : 43.532 Billion Liabilities : (19.891 billion) Total : 23.641 billion ---------- Total Profit for week : 2.119 billion Salary : 1.0595 billion Distributed Dividend : 529.75 million (2.46%) Reinvested in Corporation : 529.75 million (2.46%) Total profit for shareholders (dividend + growth) : 4.92% --------- Share in circulation : 15000 Net Asset Value for period commencing 29th September 2007 : 22.052 billion (rounded to nearest million) NAV per share for period commencing 8th September 2007 : 1.47 million ---------- Report Firstly, apologies for the late report. Dividends were, however, paid on time (in fact slightly early) - just I never quite got round to posting the report over the weekend. Profits are down a bit from last week's exceptional results (as expected) but they still stayed above the 2 billion mark - which was slightly unexpected. Next week will hopefully see the milestone of investors having made a 100% profit on their initial investment in 20 weeks of operation.
Ionia Advanced Manufacturing	Posted - 2007.10.01 14:25:00 - [27] I love the detail in your posts, nice job :)
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.10.01 15:08:00 - [28] Originally by: Ionia I love the detail in your posts, nice job :) hardly. 1) He breaks the forums 2) He makes the rest of us look terrible Unacceptable IMO !!! Need Empire Research Slots. Click here
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.07 08:56:00 - [29] Results for Week 29th September 2007 - 5th October 2007. Net Asset Value at start of week : 22.052 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 11.786 Billion POS : 999 million Freighter : 900 million Stock Minerals : 4.395 Billion Modules/Ships : 22.47 Billion Miscellaneous Odds and Ends : 0.91 Billion Cash In Wallet : 5.706 Billion Escrow : 1.13 Billion Sub-Total : 48.296 Billion Liabilities : (23.882 billion) Total : 24.414 billion ---------- Total Profit for week : 2.362 billion Salary : 1.181 billion Distributed Dividend : 590.5 million (2.68%) Reinvested in Corporation : 590.5 million (2.68%) Total profit for shareholders (dividend + growth) : 5.36% --------- Share in circulation : 15000 Net Asset Value for period commencing 6th October 2007 : 22.642 billion (rounded to nearest million) NAV per share for period commencing 6th October 2007 : 1.5095 million ---------- Report As anticipated this week sees the milestone of 100% return to initial investors reached. Anyone who invested in the first batch of Fury Holdings shares has now reached a 101.89% return on their initial investment in 20 weeks of operation. Half of that return is in increased share value - but as the value of shares is defined by the underlieing NAV, and as I offer a buy-back option at 100% of NAV I think it's fair to count it. In practice, anyone wanting to sell shares could actually receive a bit more than that if they shopped around for buyers even slightly. Profits this week hit a new level - both in absolute and percentage terms. I'm not really clear on why - nothing seemed particularly exceptional to me about the week, and my activity was lower than usual (as it will be this coming week as well). Sales have been pretty brisk over the weekend - so I'd expect profits next week to stay in the 2 billion+ range. How far into that range is anyone's guess - my record of predicting whether the coming week will be better or worse than usual is pretty dismal, so maybe I should predict a bad week and hope that I'm as inaccurate as usual. Fury Bank has launched the first of it's two new products - the Higher Interest Account. Uptake on it has been very swift - with over 2/3 of funds held in the old acounts already moved over and around 10 billion of investment from new customers received at the time of this post. At least 5 billion more is scheduled for deposit in the next day or two. This MAY actually hold back profits for the coming week - as it takes a while to get new funds fully into play (largely because of the need to transfer initial stock to 0.0 before any profit begins to be generated). Anyone who actually looks at the numbers in these reports will notice a sizable increase in the amount of ISK tied up in BPOs. This reflects the purchase of a T2 BPO (which will, of course, generate more income per week than the 1.76% paid on deposits in the bank). I'd not initially intended to get into T2 production (beyond what I produce from invention - which isn't actually a lot), but only a fool fails to change plans to take advantage of opportunities as they come along. Hopefully I'll get the premium bond/lottery investment sorted out in the coming week (along with the related IPO needed to run it). I know I've filled some people in on the details - so apologies for teasing you with most of the information then not actually releasing it yet. But I still haven't had time to run back over all the probabilities a third time to make certain I haven't miscalculated anything.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.14 08:23:00 - [30] Results for Week 6th October 2007 - 13th October 2007. Net Asset Value at start of week : 22.642 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 11.786 Billion POS : 999 million Freighter : 900 million Mobile Containers : 1.25 Billion Stock Minerals : 5.35 Billion Modules/Ships : 21.45 Billion Miscellaneous Odds and Ends : 0.87 Billion ISK In Wallet : 6.925 Billion Escrow : 1.601 Billion Receivable : 22.417 Billion Gross Assets : 73.612 Billion Liabilities Current Accounts : (6.45 Billion) Higher Interest Accounts : (42.315 Billion) Total Liabilities : 48.765 Billion Net Assets : 24.847 billion ---------- Total Profit for week : 2.205 billion Salary : 1.105 billion Distributed Dividend : 551.25 million (2.43%) Reinvested in Corporation : 551.25 million (2.43%) Total profit for shareholders (dividend + growth) : 5.86% --------- Share in circulation : 15000 Net Asset Value for period commencing 13th October 2007 : 23.193 billion (rounded to nearest million) NAV per share for period commencing 13th October 2007 : 1.546 million ((Report to follow in seperate post as it'll probably be too long to fit here))
Shadow Manufacturer	Posted - 2007.10.14 11:24:00 - [31] COMBO BREAKER!
Shadarle	Posted - 2007.10.14 18:39:00 - [32] I believe when this first launched I had my reservations about it. Now I wish I had funded the entire thing myself Very nice reports and good job on this. I wish more corps provided information like this. Tanking Setups Compared Stacking Penalty / Resists Explained
Prodigal Caldari New Genesis Project	Posted - 2007.10.15 01:37:00 - [33] Edited by: Prodigal on 15/10/2007 01:37:50 FL, thanks again for all the steady weekly details regarding the operation. Just two question regarding a trend that I can see in your numbers..... Your STOCK in minerals has been controlled and steady, however, the STOCK in T2/Named/Ships has been growing and growing. (Started at 7B and is now at 22B!!!) 1)Please correct me if I am wrong, but are those assets, assets that are left over that have not been sold yet? If this is the case, then the number represents potential sales that are not going to market which translates to profits that are not being realized. 2)The seemingly sudden arrival of a 22 Billion receivable represents what? Cheers,
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.15 09:06:00 - [34] Originally by: Prodigal Edited by: Prodigal on 15/10/2007 01:37:50 FL, thanks again for all the steady weekly details regarding the operation. Just two question regarding a trend that I can see in your numbers..... Your STOCK in minerals has been controlled and steady, however, the STOCK in T2/Named/Ships has been growing and growing. (Started at 7B and is now at 22B!!!) 1)Please correct me if I am wrong, but are those assets, assets that are left over that have not been sold yet? If this is the case, then the number represents potential sales that are not going to market which translates to profits that are not being realized. 2)The seemingly sudden arrival of a 22 Billion receivable represents what? Cheers, Got back online just now - will do a full report once I've finished checking all my buy/sell orders. I'll briefly answer your two questions now, though (#2 will be addressed in far more detail in the full report). 1) The increase in T2 etc stock. This is entirely planned - and is a trend which will continue. My main pmarket area is selling T2/best-names + some manufactured ships in 0.0 - with the vast majority of sales being to members of my own alliance (sold via the open market though). As more capital has become available I've increased the number of different items I sell. The reported value includes items actually up for sale in 2 locations, items in stock at those locations and items in transit to those locations from high-sec. Assuming all items to have a similar value and turnover it's fairly obvious that doubling the number of lines I do will double that particular value in the report. I keep a stock level of what I project to be around 2 weeks sales of each item - there's a lead time on delivery from high-sec (a two-stage operation) and demand isn't totally even. Over the course of the IPO, the number of stocked items has approximately trebled - in the near future it'll be increasing by an estimated 50% more, taking that value up to around 35 billion. There's also some changes in sales locations shortly - which will end up with a third sales outlet being used in a few weeks time. That'll take that value up to near 50 billion eventually. I disagree strongly that this represents profits which aren't being realised. I suspect you just weren't aware that my main business is buying in high-sec and selling in 0.0 (supplemented by some manufacturing, some invention and the odd bit of Jita trading where items never leave the station). The cost of not having stock when someone wants to buy something is high enough to warrant keeping a decent level of stock. 2) Moneys Receivable - these are loans. Two loans were issued last week (a third one is being issued tomorrow). One loan was to myself (more on that one in the full report), the other two are/will be fully secured (on a mix of BPOs, faction items and Fury Holdings shares). All three pay interest at a rate above the rate paid to depositors in the bank of course. There are also two more loans in negotiation.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.15 11:57:00 - [35] OK, here's last week's report. Information On Entries In Weekly Report --------------------------------------- I'll start off by explaining a few new entries in the report. Some should be pretty obvious, others less so. Liabilities : This used to be just one value, now I've expanded it to seperately list funds on deposit in the two types of Accounts offered by Fury Bank. Receivable (Loans/Contracts) : This item has appeared in a few previous reports (only at a few hundred million maximum), but this time the value there is fairly significant. Obviously this value represents monies owed to Fury Bank or Fury Holdings from loans or outstanding contracts. Fury Bank issued it's first two loans last week - a fairly large one (to me) and a smaller one (to someone else). Normally my policy will be not to discuss the individual taking out a loan, the size of the loan or the details of collateral provided. But for a sizable loan made to myself I believe some disclosure is only reasonable. For a while I've been saving up for a mothership: the sudden influx of funds to Fruy Bank, together with a good offer becoming available, put me in a position to obtain one. Obviously (I HOPE it's obvious) I haven't provided collateral for the loan, but I'm paying the same rate of interest as any other borrower from the bank of a similar amount and on similar terms would. The loan was for significantly less than the cost of the ship - with the balance (and the cost of all faction/officer modules) being paid from my personal wallet. The mothership is privately owned by me - though it will obviously assist in logistics for Fury Holdings (as well as in combat for my alliance). Me taking the loan also allowed Fury Bank to accept more deposits than would otherwise be the case - though deposits are getting close to the limit I can comfortably pay interest on without reducing profits once more. Another loan due to be accepted tomorrow (with full collateral) will extend that limit slightly). Mobile Containers : This entry under Fixed Assets is another new one in the reports. These are fully rigged/expanded Iteron Vs, used for transporting goods in the ship maintenance array of the mothership. 9 such Iterons plus the corporate hangar allows movement of around 400k m3 at a time. Not only will this make movement of stock for Fury Holdings much easier (and safer) but a transportation service will be marketted to alliance members in the near future. Whilst the mothership itself is privately owned, these mobile containers are assets of Fury Holdings - as they have no private use for myself (all proceeds from the logistics service will go to Fury Holdings). Changes In Fury Holdings Sell Points ------------------------------------ At present Fury Holdings sells in two locations. One of those locations is being relocated to a new site - and a third site (though only selling a reduced range of goods) will be created in the near future. This is to deal with changing circumstances within the alliance (all of them good). This will, however, inevitably result in a dip in profits this week due to there effectively being only one sell location for a day or two. Once that move is completed, the range of goods sold by Fury Holdings is planned to rise by around 50%. This will deploy 10-15 million of investment, with another 5-10 million being deployed shortly thereafter when a third sales location (selling only a subset of stock) is opened. Fury Bank --------- The interest in Fury Bank's HIAs was much higher than I'd anticipated: luckily the mothership contingency allowed me to handle the scale of deposits with a beneficial outcome for Fury Holdings shareholders. That profits weren't quite as good this week as the week before was mainly due to the changing circumstances within the alliance making sales at one location drop off sharply. (cont)
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.15 12:00:00 - [36] It's likely I'll cease to take further deposits to Fury Bank within the next few days - so potential depositors should check the topic in "Fury Bank" chat channel before sending ISK. I'd anticipate more deposits being available within a week or two should that happen. Outlook For Current Week ------------------------ I expect profits to be down - but probably not much (if any) below 2 billion. Right at this instant sales are only occurring at one location. Profits should then rise to new record highs within a few weeks. As ever, I'll buy back any unwanted Fury Holdings shares at 100% of NAV - even if I have to take out a second loan to do so :)
bluejeansandpudding	Posted - 2007.10.15 14:19:00 - [37] When the time is right everyone will become rich from this.
Prodigal Caldari New Genesis Project	Posted - 2007.10.15 18:58:00 - [38] Edited by: Prodigal on 15/10/2007 18:58:44
Prodigal Caldari New Genesis Project	Posted - 2007.10.16 01:15:00 - [39] It appears your investors are happy with what they have seen so far anyways, so these arguments are simply academic of course. You are showing growth in profit week over week. This tells us you are moving product through your markets. You are showing varying levels of minerals left over week over week. This tells us you are controlling your material costs. You are showing an increase in STOCK left week over week. This tells us that at the end of a build/buy/deliver/sale cycle, you are not selling as much as you are building/buying. I hope this makes my point a bit more clearer. According to your reasoning, it is better to not run out of stock. I agree, however, can you realistically expect someone out of the blue to come up with an order requiring 20 Billion isk worth of goods AFTER you have allready built/bought/delivered/sold in your markets?? As I said above the argument is academic, but in the world I worked in, keeping that much extra inventory is inefficient. It says that you are building/buying/delivering ALOT more than you can actually sell. Cheers,
Shadarle	Posted - 2007.10.16 01:32:00 - [40] Originally by: Prodigal It appears your investors are happy with what they have seen so far anyways, so these arguments are simply academic of course. You are showing growth in profit week over week. This tells us you are moving product through your markets. You are showing varying levels of minerals left over week over week. This tells us you are controlling your material costs. You are showing an increase in STOCK left week over week. This tells us that at the end of a build/buy/deliver/sale cycle, you are not selling as much as you are building/buying. I hope this makes my point a bit more clearer. According to your reasoning, it is better to not run out of stock. I agree, however, can you realistically expect someone out of the blue to come up with an order requiring 20 Billion isk worth of goods AFTER you have allready built/bought/delivered/sold in your markets?? As I said above the argument is academic, but in the world I worked in, keeping that much extra inventory is inefficient. It says that you are building/buying/delivering ALOT more than you can actually sell. Cheers, I don't think you understand the way he is trading. It seems Fury and I have similar practices and we both show very similar profits for our effort. What you do not understand is that he has more capital to work with, thus he has to have more isk tied up in assets to keep the profits growing. If his assets never grew he couldn't grow his profits. Sorry, I really don't want to get more specific in to what he is doing with those assets... it could hurt his sales or even mine. But I can assure you that he is right in doing what he is doing. If you're a shareholder you should take my word for it that he is acting in the best way he could. I have no reason to back him up as I do not know him outside these forums and have no personal relationship with him. I just very much like that someone else has a similar playing style to myself and thus I can relate very much to the way he operates. Tanking Setups Compared Stacking Penalty / Resists Explained
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.16 22:19:00 - [41] Originally by: Prodigal It appears your investors are happy with what they have seen so far anyways, so these arguments are simply academic of course. You are showing growth in profit week over week. This tells us you are moving product through your markets. You are showing varying levels of minerals left over week over week. This tells us you are controlling your material costs. You are showing an increase in STOCK left week over week. This tells us that at the end of a build/buy/deliver/sale cycle, you are not selling as much as you are building/buying. I hope this makes my point a bit more clearer. According to your reasoning, it is better to not run out of stock. I agree, however, can you realistically expect someone out of the blue to come up with an order requiring 20 Billion isk worth of goods AFTER you have allready built/bought/delivered/sold in your markets?? As I said above the argument is academic, but in the world I worked in, keeping that much extra inventory is inefficient. It says that you are building/buying/delivering ALOT more than you can actually sell. Cheers, You need to look at the amount of capital tied up in stock compared to the amount of capital being used to trade - not just at the value of stock as a stand-alone figure. With your logic, you'd look at a small convenience store and think "hmm, 100k in stock, they seem to be doing well". Then you'd go to the local superstore, see millions in stock and conclude that they must be hopelessy infefficent with lots of capital tied up in unsold stock. The increase in ISK tied up in inventory in my company isn't because I'm holding increasingly large amonts of stock of each item - it's because I'm progressively trading in more and more items. Pick ANY level of stock you believe reasonable for a single item - and if you trade in 2X such types of item then you need double the stock as if you trade in X such items. A lot of my effort goes into determining optimal levels of stock for items - balancing the need to avoid holding stock for too long with the desire to avoid selling out of items. I may not always get it right - but the model of trading I use is one where a steady increase in stock is necessary and desirable.
Shadarle	Posted - 2007.10.17 03:31:00 - [42] Originally by: FastLearner Originally by: Prodigal It appears your investors are happy with what they have seen so far anyways, so these arguments are simply academic of course. You are showing growth in profit week over week. This tells us you are moving product through your markets. You are showing varying levels of minerals left over week over week. This tells us you are controlling your material costs. You are showing an increase in STOCK left week over week. This tells us that at the end of a build/buy/deliver/sale cycle, you are not selling as much as you are building/buying. I hope this makes my point a bit more clearer. According to your reasoning, it is better to not run out of stock. I agree, however, can you realistically expect someone out of the blue to come up with an order requiring 20 Billion isk worth of goods AFTER you have allready built/bought/delivered/sold in your markets?? As I said above the argument is academic, but in the world I worked in, keeping that much extra inventory is inefficient. It says that you are building/buying/delivering ALOT more than you can actually sell. Cheers, You need to look at the amount of capital tied up in stock compared to the amount of capital being used to trade - not just at the value of stock as a stand-alone figure. With your logic, you'd look at a small convenience store and think "hmm, 100k in stock, they seem to be doing well". Then you'd go to the local superstore, see millions in stock and conclude that they must be hopelessy infefficent with lots of capital tied up in unsold stock. The increase in ISK tied up in inventory in my company isn't because I'm holding increasingly large amonts of stock of each item - it's because I'm progressively trading in more and more items. Pick ANY level of stock you believe reasonable for a single item - and if you trade in 2X such types of item then you need double the stock as if you trade in X such items. A lot of my effort goes into determining optimal levels of stock for items - balancing the need to avoid holding stock for too long with the desire to avoid selling out of items. I may not always get it right - but the model of trading I use is one where a steady increase in stock is necessary and desirable. I've noticed a lot of people do not understand this lately. It seems a lot of people seem to think that there are relatively few items worth trading. Thus everyone who trades will get roughly the same profit because they are all gonna trade those same items. They don't realize there are hundreds of items worth trading in every region, if not thousands in some. I was actually hoping you wouldn't explain what you just did because I'd rather people who don't get it not be told ways of trading they are currently unaware of Tanking Setups Compared Stacking Penalty / Resists Explained
Galtan Deus The Dead Parrot Shoppe Inc. Brutally Clever Empire	Posted - 2007.10.17 22:27:00 - [43] Hi FL! What investors should be looking at is Fury's stock throughput (or "stockturn"). That's how often the value of the stock on hand is turned over in a period. With the figures & info FL has given, you should be looking for him to turn his stock over 26 times in a year if current cost of sales (or sales, depending on how stock is valued) and stock figures in a period are projected for 12 months. If it turns over at this level, his 2-week stock level is bang on.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.18 15:20:00 - [44] Results for Week 13th October 2007 - 19th October 2007. Net Asset Value at start of week : 23.193 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 11.786 Billion POS : 999 million Freighter : 900 million Mobile Containers : 1.25 Billion Stock Minerals : 7.377 Billion Modules/Ships : 22.232 Billion Miscellaneous Odds and Ends : 0.83 Billion ISK In Wallet : 5.316 Billion Escrow : 2.266 Billion Receivable : 24.992 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 83.948 Billion Liabilities Current Accounts : (6.45 Billion) Higher Interest Accounts : (51.622 Billion) Total Liabilities : (58.072 Billion Net Assets : 25.876 billion ---------- Total Profit for week : 2.683 billion Salary : 1.3415 billion Distributed Dividend : 670.75 million (2.89%) Reinvested in Corporation : 670.75 million (2.89%) Total profit for shareholders (dividend + growth) : 5.78% --------- Share in circulation : 15000 Net Asset Value for period commencing 20th October 2007 : 23.864 billion (rounded to nearest million) NAV per share for period commencing 20th October 2007 : 1.591 million ((Report to follow shortly))
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.18 15:44:00 - [45] Edited by: FastLearner on 18/10/2007 15:45:51 Report for week 13th-19th October 2007 Report (and dividends) is a day early this week - this is due to me planning to be moving a lot of stock around tomorrow, making stock-taking tricky to do then. Despite my warnings of lowere profits this week, the company actually achieved record high profits - both in absolute and percentage terms. In part this was due to bulk purchasing of cheap minerals (which are valued above their buy price). Our alliance is in the process of taking over an area of space - and the fleeing old residents appear to be offloading minerals to market buy orders. And, obviously, the bulk of those market buy orders are Fury Holdings'. The relocation of a sales point went much smoother than anticipated: whilst jumping the goods by mothership to a friendly POS is safe enough, the risky part is unloading the goods one Iteron V full at a time. This proved to go very smoothly with no attempts at interruption by hostiles. So far the new sales location is only partially stocked - in particular it's not selling the battleships I usually sell (it's not practical to move them in bulk by mothership - and the area's not secured enough yet for me to fancy running a freighter in unescorted). I'll probably run some BPCs over and manufacture there for now. Initial sales at the new location are good - suggesting that moving the sales location right to the front-line was a good call. Fury Holdings has now invested for the first time in someone else's IPO - Revelations Direct. Very few IPOs meet the two criteria necessary for me to invest: 1. That the IPO either guarnateees 10%+ per month or is a higher risk one with a decent likelihood of delivering even more than that. 2. That the IPO is run by (or secured by) someone who I believe very unlikely to be a scammer. This one meets both of those criteria, with the potential of very high returns (but an associated risk of no discernable profit or even a slight loss). Fury Holdings' financial position is now such that I'm happy to "gamble" on ventures of this kind - so look to see more stock/share investments in the future. One new loan was issued this week - and two more are in discussion, so looks like I don't have to close taking deposits just yet. I would, however, advise anyone looking to deposit to check the topic in chat channel "Fury Bank" before sending ISK - in case deposits have been closed.
Prodigal Caldari New Genesis Project	Posted - 2007.10.19 01:20:00 - [46] Just as a final rebuttal to the arguement... Here you are concluding that your buy/build, deliver and sell cycle has gone even better than anticipated (meaning sales were great) and you still have 22+ Billion in stock left over. And now you are concluding another cycle. Q -So what happened to the 21+ Billion in stock you had left over at the end of the last report? A -Nothing, all you did was add another 1+ Billion to it. I still do not understand how you think this is ok, and even desirable, but like I said earlier, your investors dont really seem to care. So I guess I will have to agree to disagree with you and watch my deposit grow . Cheers,
Shadarle	Posted - 2007.10.19 01:58:00 - [47] Edited by: Shadarle on 19/10/2007 01:57:59 Originally by: Prodigal I still do not understand how you think this is ok, and even desirable, but like I said earlier, your investors dont really seem to care. So I guess I will have to agree to disagree with you and watch my deposit grow . It was explained in far more detail than it should have been already. I'm sorry, but if you don't get it from what was said already then no one should spell it out for you. You obviously do not trade the way FasterLearner does, I do. If his assets were going down he'd be in bad shape. Tanking Setups Compared Stacking Penalty / Resists Explained
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.19 07:40:00 - [48] Originally by: Prodigal Just as a final rebuttal to the arguement... Here you are concluding that your buy/build, deliver and sell cycle has gone even better than anticipated (meaning sales were great) and you still have 22+ Billion in stock left over. And now you are concluding another cycle. Q -So what happened to the 21+ Billion in stock you had left over at the end of the last report? A -Nothing, all you did was add another 1+ Billion to it. I still do not understand how you think this is ok, and even desirable, but like I said earlier, your investors dont really seem to care. So I guess I will have to agree to disagree with you and watch my deposit grow . Cheers, I really think you just don't understand what I do. I'm not buying and selling things in the same station. I'm buying in high-sec, moving to 0.0 via a staging point then reselling there. Stock includes goods at all stages of that process. I'd guesstimate I sold around 12 billion worth of goods last week and bought/made 13 billion worth. Which items sell well varies from week to week - so some items may well have had most of their stock sit on the shelves, while others all the stock at start of the week plus some replacement has already sold. I already explained one reason why stock level will tend to go up. There's actually a few more - but it's honestly not in my (or my shareholders') interest to explain them in any detail. I'd suggest the easiest way for you to feel comfortable with is for you to imagine that I trade one item. Decide for yourself what an efficient stock-level is for that item. Then divide 22 billion by the number you just thought of - and imagine that I trade in that number of different types of item. And as a parting thought: IF you're right and my method is horribly inefficient, then imagine how inefficient most other corporations must be :)
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.26 17:58:00 - [49] Results for Week 20th October 2007 - 26th October 2007. Net Asset Value at start of week : 23.864 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 11.786 Billion POS : 999 million Freighter : 900 million Mobile Containers : 1.25 Billion Stock Minerals : 9.626 Billion Modules/Ships : 24.926 Billion Miscellaneous Odds and Ends : 0.985 Billion ISK In Wallet : 8.169 Billion Escrow : 1.977 Billion Receivable : 23.658 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 90.276 Billion Liabilities Current Accounts : (7.03 Billion) Higher Interest Accounts : (56.877 Billion) Total Liabilities : (63.907 Billion Net Assets : 26.369 billion ---------- Total Profit for week : 2.505 billion Salary : 1.2525 billion Distributed Dividend : 626.25 million (2.62%) Reinvested in Corporation : 626.25 million (2.62%) Total profit for shareholders (dividend + growth) : 5.24% --------- Share in circulation : 15000 Net Asset Value for period commencing 27th October 2007 : 24.49 billion (rounded to nearest million) NAV per share for period commencing 27th October 2007 : 1.632 million --------- Report Profits were down slightly from last week, a few obvious (to me) reasons being: 1. Less purchases of cut-price minerals from ex-residents. 2. A misunderstanding by me of a scheduled freighter escort - resulting in a pretty large batch of stock sitting idle for 5 days, during which period some items ran out of stock. 3. I was ill for a few days this week - meaning I did little other than basic maintenance of orders in that period. New investment in Fury Bank trickled in - which is all I want at the moment: a large influx of cash would cause me to stop taking new deposits, which is something I'd rather not have to do. The launch of Premium Bonds is delayed indefinitely - launching now would likely cause a much larger influx of investment than I can comfortably handle. I have a few ideas kicking around to allow significant expansion - more details will come as and when I'm in a position to proceed with them. One key element of just about all future planned expansions is that they will begin to involve other people in Fury Holdings' investments - spreading the workload. In some instances that involvement will be behind the scenes, on other occasions it may well be more visible. Stock levels at the new sales location are now pretty much up to scratch - with the exception of manufactured goods which still lag a bit behind. That, in part, is the reason for the current high levels of mineral stockpiles. Those stockpiles will be reduced by producing and selling (mainly) battleships at near Jita mineral costs: while no great profit will be made on the ship manufacture, it will turn profits made from buying cheap minerals into actual ISK.
Nairb Ecrep	Posted - 2007.10.27 07:28:00 - [50] Are any shares of this stock available for sale? I glanced at the market and didn't see them, but then again way too tired..
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.27 16:01:00 - [51] Originally by: Nairb Ecrep Are any shares of this stock available for sale? I glanced at the market and didn't see them, but then again way too tired.. No shares have changed hands for a few months now. If any share-holders want to sell I'll try to find some brokers for EGSEX. Originally I'd intended it to be listed on both stock markets - but RESX never replied to my mail and EGSEX has no list of which brokers are actively taking new companies on. The two original shareholders who sold their shares to date did so privately.
Balogh Gallente Real-time EVE Stock Exchange	Posted - 2007.10.28 20:06:00 - [52] Originally by: FastLearner Originally I'd intended it to be listed on both stock markets - but RESX never replied to my mail and EGSEX has no list of which brokers are actively taking new companies on. It seems I have accidentally deleted the mail you mentioned. Either that, or something went wrong when you sent the mail. Could you contact me again? ________________ Real-time EVE Stock Exchange, Blog Feature request: Share transfer log
Block Ukx KDM Corp Firmus Ixion	Posted - 2007.10.29 11:11:00 - [53] Could you please provide the Fund's distribution profile relative to the FundÆs profits? Management Fees (__% of profits) Retained (__% of profits) Distributions (__% of profits) Other (__% of profits) Thanks in advanced
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.10.29 16:23:00 - [54] Edited by: FastLearner on 29/10/2007 16:24:52 Originally by: Block Ukx Could you please provide the Fund's distribution profile relative to the FundÆs profits? Management Fees (__% of profits) Retained (__% of profits) Distributions (__% of profits) Other (__% of profits) Thanks in advanced Fury Holdings profits are split as follows: 50% Management Fees 25% Dividended 25% Retained There's additionally a clause where by management fees are waived as necessary to achieve a 2% profit for shareholders in any week - but that's never needed to occur yet. What that clause means, in effect, is that I don't get any management fee if profits for a week fall below 2% and to get the full 50% management fee, profits for a week have to be at least 4%. As they're currently steady in the 8-11% range every week there's little chance of that happening. EDIT: To be clear it's NOT a guarantee of 2%, just a guarantee that I won't take any management fees which would drop shareholders' profits for a week below 2% (1% dividended, 1% retained for growth).
Shadarle	Posted - 2007.10.29 17:39:00 - [55] Originally by: FastLearner As they're currently steady in the 8-11% range every week there's little chance of that happening. This is the main reason I am so impressed with FastLearner. He's the only person I've seen able to produce such good profits and to actually detail them so well in his reports. Kinda throws out any claims people make that 0.0 isn't good for profits as well Tanking Setups Compared Stacking Penalty / Resists Explained
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.02 19:55:00 - [56] Results for Week 27th October 2007 - 2nd November 2007. Net Asset Value at start of week : 24.49 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 11.786 Billion POS : 999 million Freighter : 900 million Mobile Containers : 1.25 Billion Stock Minerals : 9.318 Billion Modules/Ships : 26.936 Billion BPCS : 1.9 Billion Miscellaneous Odds and Ends : 0.94 Billion ISK In Wallet : 13.634 Billion Escrow : 2.432 Billion Receivable : 22.588 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 97.837 Billion Liabilities Current Accounts : (7.63 Billion) Higher Interest Accounts : (63.165 Billion) Total Liabilities : (70.795 Billion) Net Assets : 27.042 billion ---------- Total Profit for week : 2.552 billion Salary : 1.276 billion Distributed Dividend : 638 million (2.61%) Reinvested in Corporation : 638 million (2.61%) Total profit for shareholders (dividend + growth) : 5.22% --------- Share in circulation : 15000 Net Asset Value for period commencing 27th October 2007 : 25.128 billion (rounded to nearest million) NAV per share for period commencing 27th October 2007 : 1.675 million --------- Report A disappointing set of results - not so much because of what they actually are, but because of what they nearly were. Mineral prices crashed in general this week (all except Zydrine dropped). When I applied new valuations to minerals, the value of my mineral stockpile was 600 million less than it would have been using last week's prices. Had mineral prices stayed steady this would have been the first 3 billion+ net profit week (gross weekly profits are already well over 3 billion when you take into account the 1 billion+ paid out in interest each week). Cash ISK may look rather high at the end of the week - this is for three reasons: 1. Some deposits into the bank in the day or so before end of week accounts were sorted. 2. Cash had been allowed to build up slightly in preparation for POS/fuel purchasing (more on which later). 3. My main weekly shopping has not yet been done (was waiting until after 2. was sorted to see how much I had left to spend). POS bidding/allocation within our alliance is now pretty much completed. Fury Holdings will, by the looks of it, be deploying 4-5 POS. Anticipated profits on this are in the range of 1-1.2 billion per month for 5-7 billion capital tied up. Nothing too earth-shaking, but every little helps. I'm still deciding how best to "fiddle" the accounting of POS fuel/production materials to prevent the profits becoming too lumpy and also to minimise the amount of needless stock-taking. My current inclination is to treat POS fuel as being at a static level and to only add produced materials in when they actually go to market (i.e. no value assigned to produced but unsold inventory). This would, for the first week or two actually artifically inflate profits by a hundred million or so - and thereafter profits (and NAV) would be reported as lower than they actually were (lagging by a couple of weeks by the value of produced but unsold material). This has the attraction of being ridiculously simple for me from an accounting perspective - and prevents any huge changes in NAV caused by valueing stock based on market prices then having said market prices massively move. With the POS production being such a small part of Fury's overall portfolio of activities I think a simple robust system is preferable to one required loads of effort. And a system which tends towards under-valuation (after the first 2 weeks) is definitely preferable to one which tends towards over-valuation.
Shadarle	Posted - 2007.11.02 20:05:00 - [57] Originally by: FastLearner My current inclination is to treat POS fuel as being at a static level and to only add produced materials in when they actually go to market (i.e. no value assigned to produced but unsold inventory). This is how I account for items I produce in my POS as well. It seems to work out well enough and is extremely simple to keep track of. It's not worth the detailed tracking imo as you're making the same money either way. Tanking Setups Compared Stacking Penalty / Resists Explained
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.02 20:12:00 - [58] Originally by: Shadarle Originally by: FastLearner My current inclination is to treat POS fuel as being at a static level and to only add produced materials in when they actually go to market (i.e. no value assigned to produced but unsold inventory). This is how I account for items I produce in my POS as well. It seems to work out well enough and is extremely simple to keep track of. It's not worth the detailed tracking imo as you're making the same money either way. Yeah. On fuel I'll start with 2 months fuel in stock and then once a month buy a month's worth. So treating it as a constant level of 2 months just simplifies accounting. With produced minerals, all I'm doing in effect is not adding them to the books until they're sold - at which point they enter the books as ISK or as produced items (if I use them in my own T2 manufacture).
Shadarle	Posted - 2007.11.02 20:22:00 - [59] Edited by: Shadarle on 02/11/2007 20:22:12 Originally by: FastLearner Originally by: Shadarle Originally by: FastLearner My current inclination is to treat POS fuel as being at a static level and to only add produced materials in when they actually go to market (i.e. no value assigned to produced but unsold inventory). This is how I account for items I produce in my POS as well. It seems to work out well enough and is extremely simple to keep track of. It's not worth the detailed tracking imo as you're making the same money either way. Yeah. On fuel I'll start with 2 months fuel in stock and then once a month buy a month's worth. So treating it as a constant level of 2 months just simplifies accounting. With produced minerals, all I'm doing in effect is not adding them to the books until they're sold - at which point they enter the books as ISK or as produced items (if I use them in my own T2 manufacture). Yup. I do basically the same thing, tho I don't actually add in my fuel costs to any particular part of my sheets atm because I don't have to do any reporting to shareholders. So I just track it in my head, but if I were to do it as part of an IPO I'd use your method. But keeping track of the value of items before they are sold is just way too much effort, using time of sale is much easier Tanking Setups Compared Stacking Penalty / Resists Explained
RichThugster Gallente Invicta. Synchr0nicity	Posted - 2007.11.07 21:05:00 - [60] Edited by: RichThugster on 07/11/2007 21:15:11 Originally by: FastLearner For a while I've been saving up for a mothership: the sudden influx of funds to Fruy Bank, together with a good offer becoming available, put me in a position to obtain one. Obviously (I HOPE it's obvious) I haven't provided collateral for the loan, but I'm paying the same rate of interest as any other borrower from the bank of a similar amount and on similar terms would. The loan was for significantly less than the cost of the ship - with the balance (and the cost of all faction/officer modules) being paid from my personal wallet. The mothership is privately owned by me - though it will obviously assist in logistics for Fury Holdings (as well as in combat for my alliance). Me taking the loan also allowed Fury Bank to accept more deposits than would otherwise be the case - though deposits are getting close to the limit I can comfortably pay interest on without reducing profits once more. WAs this the mom which a member of Bruce lost last night? And how will this effect, if it is the same mothership? linkage in true CAOD style i feel compelled to put c/d? Originally by: Joeyboy When goons and company lose, it's because of lag, and when they win it's because of better tactics?
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.07 21:18:00 - [61] Yep, it was my alt's mothership which died last night. The mothership was privately owned - and Fury Holdings' mobile containers weren't on board (nor was any Fury Holdings stock). So it has absolutely no impact on Fury Holdings other than some resupply being a bit more painful due to having to jump it around in a cargo-expanded dread rather than in Iteron Vs loaded into the mothership. The only ship Fury Holdings has a financial stake in (other than the mobile containers) is a high-sec freighter which is ony ever used by a character in an NPC corporation.
RichThugster Gallente Invicta. Synchr0nicity	Posted - 2007.11.07 21:21:00 - [62] loan repaid then? thanks for replying Originally by: Joeyboy When goons and company lose, it's because of lag, and when they win it's because of better tactics?
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.07 21:31:00 - [63] Originally by: RichThugster loan repaid then? thanks for replying Whether the loan was repaid or not makes no difference - there's no rebate offered because someone lost whatever they bought with the loan :)
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.09 02:07:00 - [64] Results for Week 3rd November 2007 - 9th November 2007. Net Asset Value at start of week : 25.128 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 11.786 Billion POS : 1.484 billion POS Fuel/Stront : 200 million Freighter : 900 million Mobile Containers : 1.25 Billion Stock Minerals : 8.404 Billion Modules/Ships : 30.344 Billion BPCS : 1.85 Billion Miscellaneous Odds and Ends : 0.895 Billion ISK In Wallet : 13.809 Billion Escrow : 3.16 Billion Receivable : 21.92 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 102.002 Billion Liabilities Current Accounts : (6.88 Billion) Higher Interest Accounts : (66.832 Billion) Total Liabilities : (73.712 Billion) Net Assets : 28.29 billion ---------- Total Profit for week : 3.162 billion Salary : 1.581 billion Distributed Dividend : 780.5 million (3.11%) Reinvested in Corporation : 780.5 million (3.11%) Total profit for shareholders (dividend + growth) : 6.21% --------- Share in circulation : 15000 Net Asset Value for period commencing 10th November 2007 : 25.908 billion (rounded to nearest million) NAV per share for period commencing 10th November 2007 : 1.727 million --------- Report A mixed bag this week. On the negative side I lost my mothership - which, while having little direct effect on Fury Holdings, does make logistics more tricky until I get round to replacing it. I say little (rather than no) direct effect as I'm currently unable to track one mobile container - so there may have been a cost of around 140 million to Fury Holdings. If so, it'll be reflected in next week's report. On the positive side profits finally got past the 3 billion mark (even IF the mobile container needs to be written off). The total profit for shareholders this week was 6.21% - the first time it's been over 6%. Fury Bank activity has been fairly slow - there's been a handful of deposits and an almost equal number of withdrawals this week. Which worked out pretty well, as POS purchasing/deployment is going slower than planned. Although it looks like 13 billion of cash was sitting idle, around 3.5 billion of that came in as deposits in the last 12 hours - and the majority of the rest is backing buy orders (don't we all love margin trading?).
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.16 01:56:00 - [65] Results for Week 10th November 2007 - 16th November 2007. Net Asset Value at start of week : 25.908 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 11.786 Billion POS : 1.484 billion POS Fuel/Stront : 200 million Freighter : 900 million Mobile Containers : 970 million Stock Minerals : 7.983 Billion Modules/Ships : 33.724 Billion BPCS : 1.75 Billion Miscellaneous Odds and Ends : 0.845 Billion ISK In Wallet : 14.16 Billion Escrow : 3.739 Billion Receivable : 20.323 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 103.864 Billion Liabilities Current Accounts : (6.75 Billion) Higher Interest Accounts : (67.75 Billion) Total Liabilities : (74.5 Billion) Net Assets : 29.364 billion ---------- Total Profit for week : 3.456 billion Salary : 1.728 billion Distributed Dividend : 864 million (3.33%) Reinvested in Corporation : 864 million (3.33%) Total profit for shareholders (dividend + growth) : 6.67% --------- Share in circulation : 15000 Net Asset Value for period commencing 17th November 2007 : 26.772 billion (rounded to nearest million) NAV per share for period commencing 17th November 2007 : 1.7848 million Buyback price per share : 2.6772 million --------- Report This week marks 6 months of Fury Holdings operating. Another set of record profits see the total profit for initial shareholders passing the 150% mark. One of the mobile containers WAS lost when the mothership died - it has been written off from assets this week (so, in fact, last week's profits should have been lower and this week's higher). A second mobile container has been sold off - I never actually used all 9 when I had the mothership and the likely upcoming nerf means they won't be much use after the next patch anyway (and they're obviously no use until I replace the mothership in any event). The high level of profits this week was somewhat surprising - as, for various reasons, I was fairly inactive for the first half of the week. Luckily, the majority of things I do don't drop off much in profit unless I'm inactive for more than a few days in a row. The first of our new POS chain is finally up and running - mining Dysprosium and Cadmium. Profits from that should start boosting overall profits within a few weeks - increasing more once the other mining/reacting POS are all deployed. This week there were a fair few withdrawals AND deposits to Fury Bank - about 8 billion of each, with the overall increase in deposits being effectively just the interest paid (in fact, slightly under it - I pay over 1 billion per week in interest paymennts). Mineral stocks continue to slowly get cleared down and sales stock continues to rise. A pretty quiet week really. You'll notice that a share buy-back value has now been added into the top section of this report. From now on I'm offering to buy-back Fury Holdings shares at 150% of NAV, rather than the 100% previously offered. I have no intention of executing a compulsory buy-back - I believe those to be dishonourable unless explicitly stated at the IPO launch or in the event of a player quitting Eve or closing down operations totally. Shareholders are, of course, free to sell their shares to anyone else at any price they choose. Fury Holdings shares may also be used as collateral for loans from Fury Bank - up to 150% of their NAV.
Shadarle	Posted - 2007.11.16 03:17:00 - [66] Originally by: FastLearner From now on I'm offering to buy-back Fury Holdings shares at 150% of NAV Very impressive. Nice 50% boost to the profits of anyone who has invested. Tanking Setups Compared Stacking Penalty / Resists Explained
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.16 03:21:00 - [67] Originally by: Shadarle Originally by: FastLearner From now on I'm offering to buy-back Fury Holdings shares at 150% of NAV Very impressive. Nice 50% boost to the profits of anyone who has invested. Well, anyone who takes the offer up would have made a 246.2% profit on their initial investment in 6 months.
Feyloan	Posted - 2007.11.16 15:59:00 - [68] Am I reading this totally incorrectly, or are the people who hold normal accounts getting higher returns than those with HIA?
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.16 17:12:00 - [69] Originally by: Feyloan Am I reading this totally incorrectly, or are the people who hold normal accounts getting higher returns than those with HIA? You're reading it wrong. The results reported are for Fury Holdings - the original IPO I launched. All dividends talked about in this thread are for the shareholders in that company. "Normal" (current) accounts with Fury Bank get paid 1.4% a week - which is significantly less than HIA account holders get (HIA accounts pay around 1.76% per week). Fury Holdings manages the funds deposited into Fury Bank (as well as it's own 25 billion or so of assets).
Kaptein Trefot Calista Industries Brutally Clever Empire	Posted - 2007.11.17 13:39:00 - [70] 246.2% profit in 6 months. Please start up a RL IPO/bank as well mmmk?
Bakimi Ghevorchal Praetoria Holdings	Posted - 2007.11.17 17:04:00 - [71] Originally by: FastLearner You're reading it wrong. The results reported are for Fury Holdings - the original IPO I launched. All dividends talked about in this thread are for the shareholders in that company. Fury Holdings manages the funds deposited into Fury Bank (as well as it's own 25 billion or so of assets). OK, now I understand, thank you for clarifying. Any shares left in Parent Company? ------ CEO of Praetoria Holdings, a Public Company
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.17 23:42:00 - [72] Originally by: Bakimi Ghevorchal Originally by: FastLearner You're reading it wrong. The results reported are for Fury Holdings - the original IPO I launched. All dividends talked about in this thread are for the shareholders in that company. Fury Holdings manages the funds deposited into Fury Bank (as well as it's own 25 billion or so of assets). OK, now I understand, thank you for clarifying. Any shares left in Parent Company? No shares in Fury Holdings have been issued since about June/July. It's very hard (i.e. impossible) for me to justify issuing new shares. In my role as CEO of Fury Holdings (actually, my alt Dr Smog holds that in-game position) my primary goal is to maximise return to shareholders - issuing new shares would be totally counter to that. I can only see two circumstances in which new shares would be offered: 1. If FH shares were trading on the stock markets at a price such that the return per month on shares (at purchase price) were below 8%. In that situation an auction of new shares would make sense. 2. If the general situation changed such that capital couldn't be raised from deposits in Fury Bank at 7.6%. That would require there to be a level of available, fairly well respected, investment opportunities paying above that level. I HAVE toyed with the idea of allowing long-term bank depositors to convert their deposits to FH shares - but the problem is finding a balance which offers them an incentive without adversely affecting current shareholders' profits. There WILL be other Fury-related share offerings in the future. The most likely next one is a 21 billion IPO to finance/back the lottery/premium bonds (with 7 billion - one third - of it pre-sold to FH). But such new opportunities will only occur when I have the staff in place to run them (I'm nearing the limit of time I'm willing to commit myself) AND the investment opportunities lined up to utilise the ISK. Getting back to your question, if you want FH shares you'll have to negotiate to buy them off a current share-holder. Bear in mind that I offer a buy-back at 150% of NAV myself, so you'd need to out-bid that. I'm happy to act as a third-party for any transactions involving FH shares for no fee.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.22 12:59:00 - [73] Results for Week 17th November 2007 - 23rd November 2007. Net Asset Value at start of week : 26.772 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 11.786 Billion POS : 1.75 billion POS Fuel/Stront : 681 million Freighter : 900 million Mobile Containers : 970 million Stock Minerals : 7.315 Billion Modules/Ships : 37.053 Billion BPCS : 1.75 Billion Miscellaneous Odds and Ends : 0.8 Billion ISK In Wallet : 12.594 Billion Escrow : 3.834 Billion Receivable : 21.442 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 106.875 Billion Liabilities Current Accounts : (9.75 Billion) Higher Interest Accounts : (67.256 Billion) Total Liabilities : (77.006 Billion) Net Assets : 29.869 billion ---------- Total Profit for week : 3.097 billion Salary : 1.5485 billion Distributed Dividend : 774.25 million (2.89%) Reinvested in Corporation : 774.25 million (2.89%) Total profit for shareholders (dividend + growth) : 5.78% --------- Share in circulation : 15000 Net Asset Value for period commencing 24th November 2007 : 27.546 billion (rounded to nearest million) NAV per share for period commencing 24th November 2007 : 1.8364 million Buyback price per share : 2.7546 million --------- Report Report is being produced slightly early this week - as I have a lot of stock movement to do tonight and am not sure how much (if any) time I'll have tomorrow to produce the accounts if I didn't do it today. The early production of thereport, together with slower than usual sales last weekend, have led to slightly lower profits this week than the last two. Other than that, a pretty uneventful week. I DID manage to accidentally offline a POS - dragged all of a fuel type from control tower instead of shift-dragging and, of course, the tower immediately ticked and offlined due to being out of fuel. Cue a few hours wasted re-onlining everything. Very little change on bank deposits once again - with new deposits only slightly exceeeding withdrawals. When I get time I'll be updating the first post of this thread to reflect the current facilities on offer from Fury Bank - and at the same time more clearly state some of the details which people have got confused on. Loans, in particular, need some fresh documentation: initially these were offered based on a weekly interest rate but all current (and future) loans now operate on a daily rate.
Calgorac The Arrow Project Morsus Mihi	Posted - 2007.11.24 03:36:00 - [74] rrr Latest News
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.12.03 18:06:00 - [75] Edited by: FastLearner on 03/12/2007 18:06:44 Results for Week 24th November 2007 - 30th November 2007. Net Asset Value at start of week : 27.546 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 11.786 Billion POS : 1.75 billion POS Fuel/Stront : 681 million Freighter : 900 million Mobile Containers : 970 million Stock Minerals : 8.338 Billion Modules/Ships : 32.822 Billion BPCS : 1.7 Billion Miscellaneous Odds and Ends : 0.76 Billion ISK In Wallet : 21.31 Billion Escrow : 3.415 Billion Receivable : 25.31 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 115.742 Billion Liabilities Current Accounts : (11.65 Billion) Higher Interest Accounts : (73.721 Billion) Total Liabilities : (85.371 Billion) Net Assets : 30.371 billion ---------- Total Profit for week : 2.852 billion Salary : 1.426 billion Distributed Dividend : 713 million (2.59%) Reinvested in Corporation : 713 million (2.59%) Total profit for shareholders (dividend + growth) : 5.18% --------- Share in circulation : 15000 Net Asset Value for period commencing 1st December 2007 : 28.259 billion (rounded to nearest million) NAV per share for period commencing 1st December 2007 : 1.8839 million Buyback price per share : 2.8259 million --------- Report Bad results this week. The main reason is almost certainly the war-dec by MC on our alliance. Whilst no Fury Holdings were lost, sales dropped right off. Logistics was also made difficult - particularly the movement of minerals. Next week's results will definitely be worse - probably a LOT worse. There are three main reasons for this: 1. The MC contract against us continues. 2. A full day of trading will be lost due to deployment of the patch. In practice this will probably end up being 2 days trading lost - due to server crashes and people looking at all the new features/items rather than buying older stuff. 3. Unfortunately I can't dissclose the third reason - but it's a short-term issue, not a bad thing (of itself) and I'll explain all about it in a week or two. The observant will notice that we have a LOT more ISK on hand than usual this week. This is partly due to me intentionally letting stocks run low on items whose price I expect to fall after the new patch. getting caught with lots of stock which devalues would be a bad thing. Next week's report is also likely to be a day or two late (like this one). This is because after the patch I'll have a LOT of trading to do - which has to take precedence over preparing a report. I seriously expect this week's profits to be VERY low - probably less than 1 billion. I also expect a sharp bounce-back to normal profit levels (or even record ones) within 2 weeks after that. Moving on to good news share-holders will hopefully, in the not too distant future, get a bumper week when Revelations Direct sells it's stock and is liquidated. I also have a decent pile of Dysprosium to sell when the time seems right - which isn't included at all in asset values at the moment (it was mined, not bought - and mined minerals aren't being reported until they're sold). I'm still buying back shares at 150% of NAV if any share-holders don't want to weather a rocky week or two.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.12.08 21:47:00 - [76] Results for Week 1st December 2007 - 7th December 2007. Net Asset Value at start of week : 28.259 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 12.21 Billion POS : 1.75 billion POS Fuel/Stront : 681 million Freighter : 900 million Mobile Containers : 970 million Stock Minerals : 12.77 Billion Modules/Ships : 30.645 Billion BPCS : 1.7 Billion Miscellaneous Odds and Ends : 0.76 Billion ISK In Wallet : 23.407 Billion Escrow : 5.137 Billion Receivable : 23.749 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 120.679 Billion Liabilities Current Accounts : (14.15 Billion) Higher Interest Accounts : (74.638 Billion) Total Liabilities : (88.788 Billion) Net Assets : 31.891 billion ---------- Total Profit for week : 3.632 billion Salary : 1.816 billion Distributed Dividend : 908 million (3.21%) Reinvested in Corporation : 908 million (3.21%) Total profit for shareholders (dividend + growth) : 6.42% --------- Share in circulation : 15000 Net Asset Value for period commencing 8th December 2007 : 29.167 billion (rounded to nearest million) NAV per share for period commencing 1st December 2007 : 1.9445 million Buyback price per share : 2.9167 million --------- Report Not quite the disastrous week I'd been expecting. I'd expected sales to absolutely plummet due to: 1. The ongoing MC contract against us (which finished mid-week) 2. Most of BRUCE being in Fountain - and so not buying stock off me in Syndicate. I was right - sales DID plummet: at a guess to around half the usual level. However what I hadn't considered was that before moving to Fountain, people sold off their stocks of minerals (and melted down unwanted loot) to me via the market at bargain basement prices. This coupled, with some patch-related gains took profits to their highest ever (in absolute terms) - but they didn't quite reach a record high as a percentage of NAV. I'd expected a lot of withdrawals from the Bank to purchase new ships after the patch - but the few withdrawals there have been have been matched by new deposits. The high amount of ISK on hand will be reducing dramatically tonight and tomorrow as my buy orders in Jita get filled and I restock. Once we have Sovereignty in Fountain I'll be opening up shop there, in addition to my Syndicate sales. Got no idea what profits will be like next week. Sales will still be substantially below normal for sure - and I have no idea how much more minerals remain to be dumped to me via the market. I also don't know when Revelations Direct will be liquidating - which will (hopefully) provide a one-off nice boost to profits that week.
Hexxx Minmatar	Posted - 2007.12.10 02:40:00 - [77] Congratulations on your continued success and profits. =) A nice report as always and excellent commentary on the risks that you're currently managing. Consulting, IPO Template, and Stock/Bond definitions.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.12.17 03:40:00 - [78] Results for Week 8th December 2007 - 14th December 2007. Net Asset Value at start of week : 29.167 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 17.476 Billion POS : 2.313 billion POS Fuel/Stront : 1.628 billion Freighter : 900 million Mobile Containers : 970 million Stock Minerals : 14.661 Billion Modules/Ships : 32.342 Billion BPCS : 1.6 Billion Miscellaneous Odds and Ends : 1.255 Billion ISK In Wallet : 25.201 Billion Escrow : 4.345 Billion Receivable : 31.513 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 140.204 Billion Liabilities Current Accounts : (20.25 Billion) Higher Interest Accounts : (86.743 Billion) Total Liabilities : (106.993 Billion) Net Assets : 33.211 billion ---------- Total Profit for week : 4.044 billion Salary : 2.022 billion Distributed Dividend : 1011 million (3.47%) Reinvested in Corporation : 1011 million (3.47%) Total profit for shareholders (dividend + growth) : 6.93% --------- Share in circulation : 15000 Net Asset Value for period commencing 15th December 2007 : 30.178 billion (rounded to nearest million) NAV per share for period commencing 15th December 2007 : 2.0119 million Buyback price per share : 3.0178 million --------- Report So much for my predicted 2 bad weeks. Profits passed 4 billion for the first time ever - meaning dividend passed 1 billion for the first time as well. Fury Holdings laos passed the landmark of original investors having now received 100% of their investment back in dividends - as well as having had the NAV value of their shares also increase by 100%. Any deposit who takes up my buy-back offer now will have made just over 300% profit on their initial investment. Sales picked up a bit from last week, with the first sales in Fountain coming online. I'm still far from properly stocked stocked there, but the small amount of stock already in place is selling fairly briskly. Minerals continued to be dumped on me at low prices - but that seems to be tailing off now. Probably just as well - or my current mountain of minerals would turn into a mountain range. Bank deposits have also picked up, with the result that I'll have to stop accepting new deposits before long (until I've got all my current logistics issues resolved). Deposit limits, for now, will be set at 100 billion in HIA accounts and 50 billion in Current Accounts. Exceptions, as ever, will be made for regular customers who have already established a pattern of deposits. If I manage to get some new outgoig loans arranged, or trip over a great investment opportunity then obviously this won't need to happen. Check the topic in chat channel "Fury Bank" before depositing - to make sure deposits are still being accepted. If a bunch of deposits come in at once while I'm not online to update topic then obviously excess deposits will be returned - along with pro-rata interest for any period for which I hold them. If anyone wants loans they're available. The criteria to get them being: 1. You have sufficient easily-valued/sold collateral to cover 110% of the amount you want to borrow. 2. See #1 I don't care what you want the loan for or if you're a 1-day old alt. That's none of my concern. All I care about is that you provide sufficient collateral that if you default I can recover the amount loaned plus interest owed plus administrative costs. Rates can be as low as around 10% per month (if you're borrowing 10 billion+ and will be repaying 5% or less of principle per week). More typically, rates will be in the 11.5%-15% per month range. Drop a mail (NOT a convo) to Fury Banker if you're interested in a loan - indicating how much you're after and what your collateral (roughly) would be. Main focus this week for Fury Holdings is getting more stock out to Fountain (and a proper sales alt there).
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.12.24 12:57:00 - [79] Edited by: FastLearner on 24/12/2007 12:57:34 Results for Week 15th December 2007 - 21st December 2007. Net Asset Value at start of week : 30.178 Billion ISK ---------- Total Profit for week : 3 billion Salary : 1.5 billion Distributed Dividend : 750 million (2.49%) Reinvested in Corporation : 750 million (2.49%) Total profit for shareholders (dividend + growth) : 4.98% --------- Share in circulation : 15000 Net Asset Value for period commencing 22nd December 2007 : 30.928 billion (rounded to nearest million) NAV per share for period commencing 15th December 2007 : 2.0619 million Buyback price per share : 3.0928 million --------- Report The most obvious thing is the total lack of detail in the figures above. Basically it was (and still is) impossible for me to calculate accurate figures - so I've paid out on the basis of a (conservative) estimate of 3 billion profit. The reason for it being impossible to prepare proper accounts this week is that a significant portion of assets are currently in transit between Syndicate and Fountain. Whilst I can easily assess the vast majority of assets, sufficient are in corp hangars or POS towers to make producing accurate figures impossible. One area of Syndicate is being evacuated. My sales there have been cancelled and al lassets from there are in the process of being moved out. Over the weekend I moved something approaching 10 million m3 of stuff out - with the priority being to get it out quickly rather than to track it all accurately as it moved. There was a relatively limited time-span whilst we had 100-150 combat ships securing the movement route so I just moved everything as fast as possible. Hopefully I'll get it sorted enough to at least produce a more accurate estimate next week. The stock in transit probably amounts to somewhere in the 3-8 billion worth range (plus a mountain of minerals) - and has negligible effect on activities. Unfrotunately the difference between 3 billion and 8 billion is huge when it comes to calculating profits. I picked 3 billion for the purposes of dividends/salary etc as that's the largest round number I'm totally confident doesn't exceeed actual profits. The first markety i nFountain is now fully stocked other than with ships (haven't got a manufacturing POS up yet) and trade has been going nicely. A dedicated sales alt is now in place allowing me to stock a full range of modules - as well as mineral buy orders. Fury Holdings has now purchased a second corp-owned freighter - meaning in total I now use three of them (2 corp-owned, one personally owned). One for high-sec, one for Syndicate and one for Fountain. For accounting purposes, the one in Fountain will be the privately owned one - that's the one at most risk and also the one most likely to be used for alliance business as well as for Fury Holdings business. As has been stated in a seperate thread, no new HIAs are being opened. As of the time of this post, Fury Bank deposits are roughly 27.5 billion in Current Accounts and 99 billion in HIAs. Other than clearing up the logistics mess in Syndicate, I'm planning on taking it fairly easy (in Eve) over Christmas/New Year. I shipped in an extra 15 billion worth of sales stock late last week so that I wouldn't have to worry about that too much over the holiday period. I still have rather more ISK in hand than I'd like - but the 400 million interest per week on 20 billion or so surplus ISK is really neither here nor there compared to the flexibility it gives in stock-management. Fountain isn't as easy to supply as Syndicate - so stock levels will have to increase. On the positive side, competition may well be lighter and profit margins slightly higher. Hopefully Fountain BS production will get into full swing early in the New Year. Tomorrow (Christmas Day) we gain sovereignty in a third outpost system - and I've already bought up the old residents' (BoB's) remaining mineral stockpiles at fair (i.e. cheap) prices.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.12.28 11:23:00 - [80] Results for Week 22nd December 2007 - 28th December 2007. Net Asset Value at start of week : 30.928 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 17.476 Billion POS : 2.313 billion POS Fuel/Stront : 1.628 billion Freighters : 1.84 billion Mobile Containers : 970 million Stock Minerals : 17.32 Billion Modules/Ships : 37.3 Billion BPCS : 1.3 Billion Miscellaneous Odds and Ends : 1.15 Billion ISK In Wallet : 38.834 Billion Escrow : 3.616 Billion Receivable : 35.314 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 165.061 Billion Liabilities Current Accounts : (26.771 Billion) Higher Interest Accounts : (103.439 Billion) Total Liabilities : (130.21 Billion) Net Assets : 34.851 billion ---------- Total Profit for week : 3.923 billion Salary : 1.9615 billion Distributed Dividend : 980.75 million (3.17%) Reinvested in Corporation : 980.75 million (3.17%) Total profit for shareholders (dividend + growth) : 6.34% --------- Share in circulation : 15000 Net Asset Value for period commencing 29th December 2007 : 31.909 billion (rounded to nearest million) NAV per share for period commencing 29th December 2007 : 2.1273 million Buyback price per share : 3.1909 million Funds on Deposit in Fury Bank : 130.21 billion Est. Interest bill for period commencing 29th December 2007 : 2.198 billion --------- Report Back to a full report this week. Not all stock has been moved yet, but the vast majority has (rest will be moved over the weekend) and I was able to make what I believe is a pretty good estimate of the goods still in locations where stock-taking is tricky. Profits aren't all that brilliant on the face of it (bearing in mind last week's profit was estimated on the low side). There's a few reasons for this - which, when taken together, make the results much better than they may at first seem: 1. It's Christmas. Activity in general was down, so sales were lower than usual. Interest payments, however, had to be made as usual. 2. Mineral prices collapsed this week. This reduced the value of my mineral stocks by 1 billion. 3. No moon-mining product has been sold recently. A few billion worth will be getting sold next week - so expect a bumper profit next week. 4. Despite closing HIAs to new customers, Fury Holdings is still sitting on a fair sized pile of unused ISK. About half of this will be getting put to use over the weekend, reducing the cash balance to around where I'd like it to be. 5. The last few reports were done a day or two late. This one is being done a day early (as I have a pile of logistics and purchasing to do over the next few days - so wanted to get the accounts out of the way). This meant that the last two weeks' profits are actually only for about 11 days, incuding only one weekend's trading (the busiest part of the week). Taking all these factors together, the future looks bright. Real profits for Fury Holdings are probably around 4.5 billion per week now - just they don't get liquidated and reported on a pro-rata basis each week. Over the weekend I'll be tidying up the remaining logistics resulting from leaving one Syndicate area. A second sales outlet in Fountain will then be fully stocked with modules. Production of BS in Fountain will also start mid-week, after the deployment of a manufacturing POS. This week I built around 50 BS in Syndicate, 2/3 of which have already sold. Once the Fountain POS is up I'll be aiming at about 50 BS/week there as well: though getting up to full capacity will take a while. (cont)
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.12.28 11:26:00 - [81] (Cont) The report now includes the total on deposit in Fury Bank, as well as the estimated interest payment due for the next week. For those interested in such figures, the estimated interest paid by Fury Bank this week was 2.1 billion. Add that to Fury Holdings profits and you get a gross profit of approximately 6 billion on total capital of around 160 billion. That works out to a gross profit for the week of 3.75%. And that equates to making a gross profit of around 16% per (30-day) month on capital of 160 billion. When you consider that only 120-130 billion of that was actually used, the gross profit per month rises to nearer 20%. If anyone questioned how Fury Bank could pay nearly 8% per month for capital in HIAs, there's your answer.
Tricer1	Posted - 2007.12.28 19:46:00 - [82] Hi. Please provide a link to FuryBank. I'd like to put money into the bank. I understand this thread is for the IPO and apologize in advance if I derailed the thread. Thanks.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.12.29 09:58:00 - [83] For info on Fury Bank, just join the in-game chat channel "Fury Bank" and look at the topic. High Interest accounts aren't currently available to new customers, but current accounts (paying 1.4% per week via dividend) are.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.03 19:54:00 - [84] Results for Week 29th December 2007 - 4th January 2008. Net Asset Value at start of week : 30.928 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 18.071 Billion POS : 2.887 billion POS Fuel/Stront : 1.619 billion Freighters : 1.84 billion Mobile Containers : 970 million Stock Minerals : 20.686 Billion Modules/Ships : 45.594 Billion BPCS : 1.1 Billion Miscellaneous Odds and Ends : 1.05 Billion Long-term/Speculative : 14.57 Billion ISK In Wallet : 22.862 Billion Escrow : 5.369 Billion Receivable : 35.1 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 177.718 Billion Liabilities Current Accounts : (34.909 Billion) Higher Interest Accounts : (105.819 Billion) Total Liabilities : (140.728 Billion) Net Assets : 36.99 billion ---------- Total Profit for week : 5.081 billion Salary : 2.5405 billion Distributed Dividend : 1270.25 million (3.98%) Reinvested in Corporation : 1270.25 million (3.98%) Total profit for shareholders (dividend + growth) : 7.96% --------- Share in circulation : 15000 Net Asset Value for period commencing 5th January 2008 : 33.179 billion (rounded to nearest million) NAV per share for period commencing 5th January 2008 : 2.212 million Buyback price per share : 3.3179 million Funds on Deposit in Fury Bank : 140.728 billion Est. Interest bill for period commencing 5th January 2008 : 2.354 billion --------- Report Another record-breaking week. Don't expect this level of profits consistently (yet) - profits this week were somewhat inflated by the sale of a bunch of moon products. I did, however, buy all the pos fuels and materials for my limited T2 production this week (neither of which increases assets in the report - due to the way in which I account for them). Sales are now fully underway in two stations in Fountain - other than manufactured T1 ships. The increase in POS valuations this week reflects the purchase of a production POS - and the increase in mineral stock levels reflects the purchase of minerals ready to commence serious manufacture of bs shortly. POS fuel prices dropped pretty much across the board - causing a revaluation (downwards) of my POS fuel stocks. Hence this value falling slightly, despite me actually having a larger stock of fuel than previously. The observant may have noticed a new entry in the accounts - "Speculative/long-term". This entry refers to funds being deployed for certain long-term and/or speculative ventures (run by myself - no third-parties involved) which I'm not intending to detail. I could have rolled the capital into other relevant categories - but as I account for them seperately myself they get their own entry in the accounts. The noticable increase in funds in escrow is due largely to my relocating a few alts. The one I previously used for Jita buying now handles sales/purchase in a Fountain station - and their replacement hasn't got all trade skills fully trained yet. So at present buy orders in Jita are not benefitting from a high level of margin trading (character currently only has level 2). Fury Bank continues to get new investors at a decent rate - despite only current accounts being available. The good news for Fury Holdings shareholders is that if this continues there'll be no need to open up more HIAs - meaning new capital is available slightly cheaper. Focus for this week is getting BS production running in Fountain and planning Fury Holdings' moon-mining strategy there.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.03 19:58:00 - [85] Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed. The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week.
SiJira	Posted - 2008.01.04 22:38:00 - [86] Originally by: FastLearner Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed. The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week. thats a big announcement Trashed sig, Shark was here
Ufl Caldari Nucon	Posted - 2008.01.04 22:41:00 - [87] Originally by: FastLearner Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed. The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week. So if all your money is invested in FUEL STOCKS Then how do depositors get their cash back in the event of a run on the bank? Please answer in full detail. http://www.NewUniverseExchange.com
Hexxx Minmatar	Posted - 2008.01.05 03:25:00 - [88] Originally by: Ufl Originally by: FastLearner Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed. The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week. So if all your money is invested in FUEL STOCKS Then how do depositors get their cash back in the event of a run on the bank? Please answer in full detail. Then he would have to liquidate assets to cover it. Here's a better question; do you honestly think anyone is going to go into a "panic" with FuryBank? FastLearner is a trusted name with a solid reputation. This concept may be a bit odd to you; you haven't shown a real understanding of what reputation means around here. Consulting, IPO Template, and Stock/Bond definitions.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.05 04:01:00 - [89] Edited by: FastLearner on 05/01/2008 04:02:04 Originally by: Ufl Originally by: FastLearner Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed. The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week. So if all your money is invested in FUEL STOCKS Then how do depositors get their cash back in the event of a run on the bank? Please answer in full detail. Well, they pull up at my filling station - and I fill up their tank. EDIT: And if their tank isn't big enough I sell them a bigger tank and dividend the profits from selling them it between all my shareholders. Hope that's specific enough.
Shadarle	Posted - 2008.01.05 04:59:00 - [90] Originally by: FastLearner Edited by: FastLearner on 05/01/2008 04:02:04 Originally by: Ufl Originally by: FastLearner Fury Bank issued a further 100,000 shares this week. This allows current accounts to expand from their current ceiling of 50 billion deposits to 100 billion. Whilst not all of that capacity will be released at once, the share issue has been done now to facilitate expansion as and when needed. The downside of that is that 2.8 billion (instead of 1.4) will have to be dividended each week to cover Current Account interest. This will mean 2 dividend payents having to be made - due to the hard-coded restriction on maxmum dividended amount. Apologies to all our depositors for the extra spam mail each week. So if all your money is invested in FUEL STOCKS Then how do depositors get their cash back in the event of a run on the bank? Please answer in full detail. Well, they pull up at my filling station - and I fill up their tank. EDIT: And if their tank isn't big enough I sell them a bigger tank and dividend the profits from selling them it between all my shareholders. Hope that's specific enough. Haha, good answer! Tanking Setups Compared Stacking Penalty / Resists Explained
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.15 17:53:00 - [91] Results for Week 5th January 2008 - 11th January 2008. Net Asset Value at start of week : 33.179 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 18.071 Billion POS : 2.887 billion POS Fuel/Stront : 1.619 billion Freighters : 1.84 billion Mobile Containers : 970 million Stock Minerals : 18.899 Billion Modules/Ships : 46.402 Billion BPCS : 1.0 Billion Miscellaneous Odds and Ends : 950 million Long-term/Speculative : 21.089 Billion ISK In Wallet : 33.36 Billion Escrow : 5.062 Billion Receivable : 32.451 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 190.6 Billion Liabilities Current Accounts : (46.735 Billion) Higher Interest Accounts : (106.372 Billion) Total Liabilities : (153.107 Billion) Net Assets : 37.493 billion ---------- Total Profit for week : 4.314 billion Salary : 2.157 billion Distributed Dividend : 1078.5 million (3.25%) Reinvested in Corporation : 1078.5 million (3.25%) Total profit for shareholders (dividend + growth) : 6.5% --------- Share in circulation : 15000 Net Asset Value for period commencing 12th January 2008 : 34.257 billion (rounded to nearest million) NAV per share for period commencing 12th January 2008 : 2.2838 million Buyback price per share : 3.4257 million Funds on Deposit in Fury Bank : 153.107 billion Est. Interest bill for period commencing 5th January 2008 : 2.529 billion --------- Report Apologies for the late posting of the report. Accounts were done (and Dividend distributed) on Friday. One thing and another kept me too busy to post then - and I then totally forgot I hadn't posted the accounts/report. Nothing much to report from last week anyway. As planned, BS production in Fountain is now underway - hence the mineral stockpile finally starting to drop. ISK in cash is higher than I'd like - but since the last report a chunk of that (12 billion or so) has gone into new buy-orders. Another chunk will be going into more POS hardware within the next week or so - once it's been established which moons in Fountain Fury Holdings will have the rights to moon-mine. I keep getting asked when HIAs will be reopened: with the current rate of deposits into new Current Accounts it's unlikely more HIAs will be made available in the near future.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.17 21:49:00 - [92] Edited by: FastLearner on 17/01/2008 21:50:54 Results for Week 12th January 2008 - 18th January 2008. Net Asset Value at start of week : 34.257 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 18.071 Billion POS : 2.887 billion POS Fuel/Stront : 1.619 billion Freighters : 1.84 billion Mobile Containers : 970 million Stock Minerals : 17.966 Billion Modules/Ships : 51.596 Billion BPCS : 900 million Miscellaneous Odds and Ends : 900 million Long-term/Speculative : 24.639 Billion ISK In Wallet : 28.64 Billion Escrow : 7.924 Billion Receivable : 30.265 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 194.217 Billion Liabilities Current Accounts : (45.04 Billion) Higher Interest Accounts : (110.624 Billion) Total Liabilities : (155.664 Billion) Net Assets : 38.553 billion ---------- Total Profit for week : 4.296 billion Salary : 2.148 billion Distributed Dividend : 1074 million (3.13%) Reinvested in Corporation : 1074 million (3.13%) Total profit for shareholders (dividend + growth) : 6.27% --------- Share in circulation : 15000 Net Asset Value for period commencing 19th January 2008 : 35.331 billion (rounded to nearest million) NAV per share for period commencing 19th January 2008 : 2.3554 million Buyback price per share : 3.5331 million Funds on Deposit in Fury Bank : 155.684 billion Est. Interest bill for period commencing 5th January 2008 : 2.581 billion --------- Report After last week's report being substantially late, this one's a day or so early. Tomorrow and over the weekend I have a pile of logistics to do - so I decided to get the report out of the way. When I initially completed the accounts it looked like a terrible week - then I found 2 billion worth of stock I'd missed (ships on a trade alt that I'd somehow overlooked) and the profits have ended up almost exactly the same as last week. So close, in fact, that I was tempted to fiddle them so it didn't look I'd fiddled them :) Those paying attention will notice that although the profits this week are very close to those of last week, the percentage profit figure has dropped noticeably (from 3.25% to 3.13%). This is a trend that investors will need to get used to over the next weeks. The NAV of Fury Holdings (against which profits are measured as a percentage) is growing at a faster rate than total utilised capital is. All the time that remains the case profits will remain relatively static, whilst percentage profit falls. That trend will only change when I next do some major expansion. My focus next week will be deploying POSes for Fury Holdings' moon-mining operations in Fountain. Initially just bare mining POS will be deployed - then the reaction chains will be added. No extra profit is likely to be seen from this expansion for about a month to 6 weeks: in fact it may, in the short-term, slightly impact profits due to some costs involved accruing whilst no value of moon materials is added to stock. A second issue is how I will handle (for accounting purposes) taxation due to my alliance for those moons won in our internal bidding process. These taxes will amount to multiple billions per month - and could skew results significantly if just added in the week in which they were paid. What I intend to do is record taxes on a pro-rata basis per week - then when I sell moon minerals offset the sales against accrued taxes before applying the balance to cash in hand. That will smooth the results out - in a totally justifiable and logical way (as the taxes accrue, the moons churn out minerals/reaction product - hopefully of a value well above the tax level). This is a similar process to the one I already apply to POS fuels. Little action, thankfully, on the Fury Bank side this week. 5 billion worth of withdrawals from current accounts yesterday meant the balance on deposit for the week barely changed.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.24 21:33:00 - [93] Edited by: FastLearner on 24/01/2008 21:35:35 Results for Week 19th January 2008 - 25th January 2008. Net Asset Value at start of week : 35.331 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 18.071 Billion POS : 3.522 billion POS Fuel/Stront : 2.219 billion Freighters : 1.84 billion Jump Freighter : 6 billion Mobile Containers : 970 million Stock Minerals : 18.327 Billion Modules/Ships : 62.131 Billion BPCS : 800 million Miscellaneous Odds and Ends : 850 million Long-term/Speculative : 26.019 Billion ISK In Wallet : 19.238 Billion Escrow : 6.72 Billion Receivable : 32.268 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 204.975 Billion Liabilities Current Accounts : (51.995 Billion) Higher Interest Accounts : (112.784 Billion) Total Liabilities : (164.779 Billion) Net Assets : 40.196 billion ---------- Total Profit for week : 4.865 billion Salary : 2.4325 billion Distributed Dividend : 1216.25 million (3.44%) Reinvested in Corporation : 1216.25 million (3.44%) Total profit for shareholders (dividend + growth) : 6.88% --------- Share in circulation : 15000 Net Asset Value for period commencing 26th January 2008 : 36.547 billion (rounded to nearest million) NAV per share for period commencing 26th January 2008 : 2.4365 million Buyback price per share : 3.6547 million Funds on Deposit in Fury Bank : 164.779 billion Est. Interest bill for period commencing 26th January 2008 : 2.717 billion --------- Report A pretty steady week - with a LOT of my time having to be spent running logistics. You'll notice the addition of a jump freighter (an Anshar) to the corporation's fixed assets. I can't actually fly it yet - but someone else is borrowing it and, in return, moving stock in from high-sec as and when needed. This will reduce the time I have to spend on jumping stuff around in the near future. There is a substantial increase in the amount of T2/ships held in stock this week. In part this is due to some new product lines being stocked - but mainly it's down to a largish set of purchases I did a few hours ago. After a week or so of no war-decs, we're now war-decced again (by some high-sec pirate group I think) so I decided to slightly over-stock today to avoid the need to mess around dropping roles etc for high-sec freightering next week (war-dec goes live tomorrow). Not too much activity on the Fury Bank side this week - the usual few deposits/withdrawals giving an increase in total capitalisation of around 10 billion. Which worked out very nicely with the JF purchase and the stock-level increase. Profits were pretty encouraging. Not only did I spend a lot of time jumping stuff around in the mothership, I also used up well over a million units of isotopes (some for the mothership, the rest for the JF). That's half a billion or so of expenditure which generated no direct profit. Next weekend will be the monthly POS-fuel purchase time - which will see about 1.2 billion spent on POS fuels. This won't, however, impact profits as I have 2-2.5 billion worth of moon products I'll be selling (which aren't currently listed in the assets). I try to sell off moon products when I do fuel purchases - to smooth the profits rather than having big spikes and big dips. Stock levels at my three current sales locations are the best they've been since before the Fountain move. The resultant lack of logistics needed next week will allow me to focus effort into identifying new products - and also into a new area of business (more about that as and when it's ready to start).
Hexxx Minmatar	Posted - 2008.01.24 21:40:00 - [94] Congratulations on your successes, sounds like things are running smoothly. Consulting, IPO Template, and Stock/Bond definitions.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.24 21:45:00 - [95] Originally by: Hexxx Congratulations on your successes, sounds like things are running smoothly. They're back to running fairly smoothly now, after the move to Fountain. Logistics of importing from high-sec had been pretty painful - I had a freighter full of stock sat at high-sec waiting to jump into low-sec all last weekend (with some items going out of stock at my sales location in the meantime). I then spent about 8-10 hours of non-stop jumping the goods in by mothership (3 jumps each way). I finally got a decent priced JF and so didn't have torepeat the process for the 2nd load of stock/fuel. Having moved the stock into Fountain it then had to be distributed between the different sales locations - more jumping stuff around. And new POS had to be deployed - even more jumping. Now that's all out of the way (well, some more POS still to go up) I can finally start focussing on expansion again.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.01.31 21:14:00 - [96] Results for Week 26th January 2008 - 1st February 2008. Net Asset Value at start of week : 36.547 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 18.071 Billion POS : 3.522 billion POS Fuel/Stront : 2.219 billion Freighters : 1.9 billion Jump Freighter : 6 billion Mobile Containers : 970 million Stock Minerals : 19.155 Billion Modules/Ships : 63.093 Billion BPCS : 750 million Miscellaneous Odds and Ends : 800 million Long-term/Speculative : 25.11 Billion ISK In Wallet : 31.509 Billion Escrow : 9.152 Billion Receivable : 38.646 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 226.897 Billion Liabilities Current Accounts : (68.669 Billion) Higher Interest Accounts : (116.54 Billion) Total Liabilities : (185.209 Billion) Net Assets : 41.688 billion ---------- Total Profit for week : 5.141 billion Salary : 2.5705 billion Distributed Dividend : 1285.25 million (3.52%) Reinvested in Corporation : 1285.25 million (3.52%) Total profit for shareholders (dividend + growth) : 7.03% --------- Share in circulation : 15000 Net Asset Value for period commencing 2nd February 2008 : 37.832 billion (rounded to nearest million) NAV per share for period commencing 2nd February 2008 : 2.522 million Buyback price per share : 3.7832 million Funds on Deposit in Fury Bank : 185.209 billion Est. Interest bill for period commencing 2nd February 2008 : 3.016 billion --------- Report Yet another steady week - with the total profit for investors passing the 300% mark (425% if they take advantage of my generous buy-back offer). February's POS fuel wasn't purchased as initially planned - with our only current war-dec expiring tomorrow it was easier just to wait till then to do it. As I never drop below about 6 week's supply of POS fuel for all POSes (including ones not even deployed yet) there was hardly any urgency. Cash on hand is slightly higher than usual - due to a few largish despoits made this week. It's not excessively high though - and a fair chunk of it is backing up margin-traded buy orders.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.02.08 01:41:00 - [97] Results for Week 2nd February 2008 - 8th February 2008. Net Asset Value at start of week : 37.832 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 18.071 Billion POS : 3.522 billion POS Fuel/Stront : 2.219 billion Freighters : 1.9 billion Jump Freighter : 6 billion Mobile Containers : 970 million Stock Minerals : 18.419 Billion Modules/Ships : 65.384 Billion BPCS : 700 million Miscellaneous Odds and Ends : 1150 million Long-term/Speculative : 25.528 Billion ISK In Wallet : 41.467 Billion Escrow : 9.31 Billion Receivable : 36.692 Billion Shares/Bonds Revelations Direct : 6 billion Gross Assets : 237.332 Billion Liabilities Current Accounts : (70.929 Billion) Higher Interest Accounts : (121.619 Billion) Total Liabilities : (192.548 Billion) Net Assets : 44.784 billion ---------- Total Profit for week : 6.952 billion Salary : 3.476 billion Distributed Dividend : 1.738 billion (4.59%) Reinvested in Corporation : 1.738 billion (4.59%) Total profit for shareholders (dividend + growth) : 9.19% --------- Share in circulation : 15000 Net Asset Value for period commencing 9th February 2008 : 39.57 billion (rounded to nearest million) NAV per share for period commencing 9th February 2008 : 2.638 million Buyback price per share : 3.957 million Funds on Deposit in Fury Bank : 192.548 billion Est. Interest bill for period commencing 9th February 2008 : 3.137 billion --------- Report A record-breaking (or more like smashing) week. The much higher than usual profits can be attributed to two things: 1. I sold some moon products off, 2. Mineral prices rose - increasing the value of my mineral stock-pile. Cash in hand is worryingly high - but I anticipate it being back down to more normal levels week. And it's not quite as excessive as it looks: 12-15 billion of it is underwriting buy orders and a further 5.3 billion was used to pay my salary and the dividend. Which actually leaves pretty much the 20-25 billion uncommited ISK on hand that I like to aim for (to cover current account withdrawals or unexpected expenses). Not a lot else to report so I'll briefly update on how I calculate my mineral prices when evaluating my mineral stockpile - for those who'd like a bit more info on how I run things. Mineral prices have always (for Fury Holdings) been linked directly to current Jita sell prices - irrespective of where they're sourced or at what price. So if minerals are bought cheap then the "profit" from the purchase element is added immediately - as it's the act of purchasing cheaply which generated that portion of profit in whatever the minerals eventually build. When I first started Fury Holdings I based mineral prices on 95% of Jita sell prices. But that approach, if stuck to when I initially started manufacturing, was going to lead to very choppy figures - as most minerals were being bought in Jita and hence I'd be reporting a 5% loss on their cost every time I did a mineral restock. So I moved across to reporting their value at 100% of Jita sell price. Each of those approaches is perfectly valid - one is based on what I could realistically sell for quickly, the other on the cost of replacing the minerals when they're used. Now that most of Fury Holdings operations are in Fountain, there's a cost associated with selling off minerals in Jita - as we're effectively a seperate market (especially for low-ends). The link to Jita prices has been maintained - but over the last few weeks I've been writing the value down by 1% per week, so it's now at 96% of Jita (and will go to - and stay at - 95% next week). This more accurately reflects both the cost of replacement AND the price of purchase of most minerals. Low-ends are still messy to replace or sell: so once I've used up my Syndicate reserves and prices have stabilised more in Fountain the prices for low-ends will be adjusted.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.02.15 07:09:00 - [98] Results for Week 9th February 2008 - 15th February 2008. Net Asset Value at start of week : 39.57 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 18.071 Billion POS : 3.045 billion POS Fuel/Stront : 1.656 billion Freighters : 1.9 billion Jump Freighter : 6 billion Mobile Containers : 970 million Stock Minerals : 22.112 Billion Modules/Ships : 74.643 Billion BPCS : 500 million Miscellaneous Odds and Ends : 1050 million Long-term/Speculative : 25.377 Billion ISK In Wallet : 50.007 Billion Escrow : 5.729 Billion Receivable : 32.944 Billion Shares/Bonds Revelations Direct : 2 billion Gross Assets : 246.004 Billion Liabilities Current Accounts : (73.679 Billion) Higher Interest Accounts : (124.626 Billion) Total Liabilities : (198.305 Billion) Net Assets : 47.699 billion ---------- Total Profit for week : 8.129 billion Salary : 4.0645 billion Distributed Dividend : 2.03225 billion (5.14%) Reinvested in Corporation : 2.03225 billion (5.14%) Total profit for shareholders (dividend + growth) : 10.27% --------- Share in circulation : 15000 Net Asset Value for period commencing 16th February 2008 : 41.602 billion (rounded to nearest million) NAV per share for period commencing 16th February 2008 : 2.773 million Buyback price per share : 4.16 million Funds on Deposit in Fury Bank : 198.305 billion Est. Interest bill for period commencing 16th February 2008 : 3.229 billion --------- Report Record profits yet again this week - for a very specific reason. Yesterday RDIR made an interim payment: Fury Holdings' share of which was 6 billion ISK (the original amount invested). I have treated that 6 billion as being 4 billion returned capital and 2 billion profit (valuing our remaining RDIR investment at 2 billion for book-keeping purposes). That obviously made profits 2 billion higher than would otherwise have been the case. Mineral prices continued to rise - driven, I would guess, by the protracted and heavy losses occurring in Delve (and the lack of mining/ratting by all the participants). I don't see these higher mineral prices as being long-term sustainable, so at some stage a commensurate reduction in mineral stockpile value is going to occur. Overall mineral stocks on hand rose - but are expected to drop fairly noticably next week. It should be noted that mineral stocks aren't just sitting there - they get used up and replenished all the time. Last week I described how mineral stockpiles are valued (the mentioned final 1% valuation reduction was applied this week, so minerals are now valued at 95% of Jita sales price). This week I'll briefly describe a small area of the weekly reports which has previously never been discussed in any detail: BPCs. Shortly before the Trinity release I spent 1.9 billion to buy up a job-lot of max-run BS BPCs. It was approximately 120-130 10-run ME 50 BPCs from what I recall. After the Trinity release some have been sold off on the market (typically at 2-2.5 times what the per/unit cost was) while others have been used for production. It proved to be a worthwhile investment - generating good profit on the ones sold and saving me having to buy expensive BPCs to keep 0.0 BS production running (where I don't have BPOs). Profits are expected to fall back down to a more normal level next week after the last two weeks' exceptional results.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.02.22 15:24:00 - [99] Results for Week 16th February 2008 - 22nd February 2008. Net Asset Value at start of week : 41.602 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 18.071 Billion POS : 3.045 billion POS Fuel/Stront : 1.791 billion Freighters : 1.9 billion Jump Freighter : 6 billion Mobile Containers : 970 million Stock Minerals : 20.474 Billion Modules/Ships : 81.822 Billion BPCS : 500 million Miscellaneous Odds and Ends : 950 million Long-term/Speculative : 25.551 Billion ISK In Wallet : 43.332 Billion Escrow : 12.379 Billion Receivable : 30.13 Billion Shares/Bonds Revelations Direct : 2 billion Gross Assets : 248.903 Billion Liabilities Current Accounts : (73.679 Billion) Higher Interest Accounts : (128.299 Billion) Total Liabilities : (201.978 Billion) Net Assets : 46.925 billion ---------- Total Profit for week : 5.323 billion Salary : 2.6615 billion Distributed Dividend : 1.33075 billion (3.2%) Reinvested in Corporation : 1.33075 billion (3.2%) Total profit for shareholders (dividend + growth) : 6.4% --------- Share in circulation : 15000 Net Asset Value for period commencing 23rd February 2008 : 42.933 billion (rounded to nearest million) NAV per share for period commencing 23rd February 2008 : 2.8622 million Buyback price per share : 4.2933 million Funds on Deposit in Fury Bank : 201.978 billion Est. Interest bill for period commencing 16th February 2008 : 3.294 billion --------- Report Back to more normal profit levels after the last two weeks' exceptionally good results. A fall in general mineral prices helped in this - knocking about 600m off mineral stockpile value (compared to valueing it at last week's prices). Fury Bank deposits finally surpassed 200 billion at the end of a week (they'd briefly gone over 200 billion last week before a withdrawal knocked the total back below). This week there were about 8 deposits into current accounts and 3 withdrawals - yet somehow the balance on deposit in CAs was exactly the same as it started at the week at. Had to double-check that one myself - as I thought I'd copied last week's deposit value by mistake. This week I've changed the weekly/monthly profit % values in the summary post at the start. The old system was producing increasingly large and irrelevant numbers (it measured profit as a percentage of originally invested capita). The new values represent the weekly/monthly growth rate which would generate the total return Investors have received if compounded every period. As the dividended portion of profit isn't reinvested, this actually generates growth values which are significantly lower than the actual ones - but at least they're more meaningful that the old system. (Note that, as of typing this post I haven't actually put the new values up - but they'll be up within 5 minutes).
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.03.07 21:41:00 - [100] Results for Week 23rd February 2008 - 29th February 2008. Net Asset Value at start of week : 42.933 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 18.071 Billion POS : 4.617 billion POS Fuel/Stront : 2.819 billion Freighters : 1.9 billion Jump Freighter : 6 billion Mobile Containers : 970 million Stock Minerals : 19.308 Billion Modules/Ships : 87.174 Billion BPCS : 450 million Miscellaneous Odds and Ends : 900 million Long-term/Speculative : 25.694 Billion ISK In Wallet : 45.376 Billion Escrow : 8.848 Billion Receivable : 28.365 Billion Shares/Bonds Revelations Direct : 2 billion Gross Assets : 252.492 Billion Liabilities Current Accounts : (74.729 Billion) Higher Interest Accounts : (128.701 Billion) Total Liabilities : (203.43 Billion) Net Assets : 49.062 billion ---------- Total Profit for week : 6.129 billion Salary : 3.0645 billion Distributed Dividend : 1.53225 billion (3.57%) Reinvested in Corporation : 1.53225 billion (3.57%) Total profit for shareholders (dividend + growth) : 7.14% --------- Share in circulation : 15000 Net Asset Value for period commencing 1st March 2008 : 44.465 billion (rounded to nearest million) NAV per share for period commencing 1st March 2008 : 2.9643 million Buyback price per share : 4.4465 million Funds on Deposit in Fury Bank : 203.43 billion Est. Interest bill for period commencing 1st March 2008 : 3.315 billion --------- Report A big OOPS here. Could have swore I posted this report on Sunday or Monday - but apparently not. Dividend was paid on time last Friday - just I didn't have time then to format the accounts and type up a report. I'm guessing I did the trickI've done before of hitting thecancel button instead of post reply - and didn't notice that the report didn't actually get posted. Anyway, will be producing this week's accounts now (takes a few hours to do all the stock-taking) then will make sure I post it promptly. I anticipate very low profits this week for two reasons: 1. I've been very busy in RL. 2. A lot of BRUCE have been busy kicking Reckoning out of Cloud Ring - and hence not in Fountain to buy things from me on the market. Expect this week's dividend to be paid in a few hours (2-4), and the report to be posted later tonight or tomorrow.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.03.11 20:40:00 - [101] Results for Week 1st March 2008 - 7th March 2008. Net Asset Value at start of week : 44.465 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 18.071 Billion POS : 4.617 billion POS Fuel/Stront : 2.819 billion Freighters : 1.9 billion Jump Freighter : 6 billion Mobile Containers : 970 million Stock Minerals : 18.903 Billion Modules/Ships : 97.103 Billion BPCS : 450 million Miscellaneous Odds and Ends : 850 million Long-term/Speculative : 25.724 Billion ISK In Wallet : 45.432 Billion Escrow : 7.461 Billion Receivable : 25.93 Billion Shares/Bonds Revelations Direct : 2 billion Gross Assets : 258.23 Billion Liabilities Current Accounts : (78.379 Billion) Higher Interest Accounts : (131.27 Billion) Total Liabilities : (209.649 Billion) Net Assets : 48.581 billion ---------- Total Profit for week : 4.116 billion Salary : 2.058 billion Distributed Dividend : 1.029 billion (2.31%) Reinvested in Corporation : 1.029 billion (2.31%) Total profit for shareholders (dividend + growth) : 4.62% --------- Share in circulation : 15000 Net Asset Value for period commencing 8th March 2008 : 45.494 billion (rounded to nearest million) NAV per share for period commencing 1st March 2008 : 3.033 million Buyback price per share : 4.4465 million Funds on Deposit in Fury Bank : 209.649 billion Est. Interest bill for period commencing 1st March 2008 : 3.411 billion --------- Report As expected profits were significantly down last week: the reasons for this were explained in the previous week's report. Profits were still high enough to take total profit for original investors through the 400% mark (half in dividends, half in growth of their share value). Sales so far this week seem to be recovering, so profits should be back up a bit this week. I'll be revaluing all fixed assets this week - but I don't anticipate that having much impact on the final figures (some categories will rise, others will fall).
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.03.19 15:04:00 - [102] Results for Week 8th March 2008 - 14th March 2008. Net Asset Value at start of week : 45.494 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 19.571 Billion POS : 4.077 billion POS Fuel/Stront : 2.535 billion Freighters : 1.8 billion Jump Freighter : 5.8 billion Mobile Containers : 1.239 billion Stock Minerals : 18.111 Billion Modules/Ships : 104.207 Billion BPCS : 400 million Miscellaneous Odds and Ends : 800 million Long-term/Speculative : 25.713 Billion ISK In Wallet : 42.482 Billion Escrow : 7.233 Billion Receivable : 25.482 Billion Shares/Bonds Revelations Direct : 2 billion Gross Assets : 261.45 Billion Liabilities Current Accounts : (80.179 Billion) Higher Interest Accounts : (130.732 Billion) Total Liabilities : (210.911 Billion) Net Assets : 50.539 billion ---------- Total Profit for week : 5.045 billion Salary : 2.5225 billion Distributed Dividend : 1.26125 billion (2.77%) Reinvested in Corporation : 1.26125 billion (2.77%) Total profit for shareholders (dividend + growth) : 5.54% --------- Share in circulation : 15000 Net Asset Value for period commencing 15th March 2008 : 46.755 billion (rounded to nearest million) NAV per share for period commencing 15th March 2008 : 3.117 million Buyback price per share : 4.6755 million Funds on Deposit in Fury Bank : 210.911 billion Est. Interest bill for period commencing 15th March 2008 : 3.427 billion ---------- REPORT As anticipated, profits recovered pretty well from last week's low. The recovery was probably better than thefigures suggest - as it was only a 6 day trading week (the game being down for 1 day while CCP installed a patch which seems to have introduced more problems than it solved).
FastLearner	Posted - 2008.03.30 11:26:00 - [103] Results for Week 15th March 2008 - 21st March 2008. Net Asset Value at start of week : 46.755 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 19.571 Billion POS : 4.077 billion POS Fuel/Stront : 2.535 billion Freighters : 1.8 billion Jump Freighter : 5.8 billion Mobile Containers : 1.239 billion Stock Minerals : 20.767 Billion Modules/Ships : 103.633 Billion BPCS : 400 million Miscellaneous Odds and Ends : 750 million Long-term/Speculative : 25.701 Billion ISK In Wallet : 47.866 Billion Escrow : 8.14 Billion Receivable : 20.721 Billion Shares/Bonds Revelations Direct : 2 billion Gross Assets : 265 Billion Liabilities Current Accounts : (84.119 Billion) Higher Interest Accounts : (128.541 Billion) Total Liabilities : (212.66 Billion) Net Assets : 52.34 billion ---------- Total Profit for week : 5.585 billion Salary : 2.7925 billion Distributed Dividend : 1.39625 billion (2.99%) Reinvested in Corporation : 1.39625 billion (2.99%) Total profit for shareholders (dividend + growth) : 5.98% --------- Share in circulation : 15000 Net Asset Value for period commencing 22nd March 2008 : 48.151 billion (rounded to nearest million) NAV per share for period commencing 22nd March 2008 : 3.21 million Buyback price per share : 4.8151 million Funds on Deposit in Fury Bank : 212.66 billion Est. Interest bill for period commencing 15th March 2008 : 3.444 billion ---------- REPORT Somehow I managed to fail to post the report last week - and as noone ever posts in this thread I never noticed. I think what happens is I click on "reset fields" instead of "post reply" - as I'm used to the post button being on the right in a different forum I use. This week's report will be posted now - so no point me trying to remember what I wrote in this report the first time I (failed to) posted it.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.03.30 11:39:00 - [104] Results for Week 22nd March 2008 - 28th March 2008. Net Asset Value at start of week : 48.151 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 19.571 Billion POS : 4.077 billion POS Fuel/Stront : 2.237 billion Freighters : 1.8 billion Jump Freighter : 5.8 billion Mobile Containers : 1.239 billion Stock Minerals : 21.937 Billion Modules/Ships : 104.822 Billion BPCS : 300 million Miscellaneous Odds and Ends : 1.1 billion Long-term/Speculative : 25.941 Billion ISK In Wallet : 53.47 Billion Escrow : 5.927 Billion Receivable : 27.929 Billion Shares/Bonds Revelations Direct : 2 billion Gross Assets : 278.15 Billion Liabilities Current Accounts : (93.006 Billion) Higher Interest Accounts : (131.261 Billion) Total Liabilities : (224.67 Billion) Net Assets : 53.883 billion ---------- Total Profit for week : 5.732 billion Salary : 2.866 billion Distributed Dividend : 1.433 billion (2.98%) Reinvested in Corporation : 1.433 billion (2.98%) Total profit for shareholders (dividend + growth) : 5.96% --------- Share in circulation : 15000 Net Asset Value for period commencing 29th March 2008 : 49.584 billion (rounded to nearest million) NAV per share for period commencing 29th March 2008 : 3.3056 million Buyback price per share : 4.9584 million Funds on Deposit in Fury Bank : 224.267 billion Est. Interest bill for period commencing 29th March 2008 : 3.616 billion ---------- REPORT Note that this week's dividend hasn't yet been paid. I only finished finalising the accounts right at downtime. Dividend will be paid about half an hour after downtime ends (there's something else I have to do immediately after downtime finishes). Last 2 weeks have been steady trading - with no nasty surprises and no major expansion. For the last few weeks (and for the next few) I've been too busy with RL work to put the time into any major new areas of business. Mineral prices, with the exception of Zydrine/Megacyte, seem to have crashed a bit at the end of this week (knocking the best part of a billion off this week's profits) - but fluctuations in mineral prices have no huge impact on business. It looks like there'll be no loans which were secured against FRPB defaulted on for Fury Bank. Of the two loans which had FRPB as security one has been totally repaid and the other mostly repaid. Our 100% no-defaulted loans run continues. Fury Bank will be issuing another 100k shares to allow deposits into current accounts to go above the 100 billion which the current issued shares would support. Whilst cash in hand is higher than I'd like, there ARE a few areas of expansion to soak up most of that ISK which will be implemented once I get a bit more time available.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.04.12 23:38:00 - [105] Results for Week 29th April 2008 - 4th April 2008. Net Asset Value at start of week : 49.584 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 19.571 Billion POS : 4.077 billion POS Fuel/Stront : 2.237 billion Freighters : 1.8 billion Jump Freighter : 5.8 billion Mobile Containers : 1.239 billion Stock Minerals : 22.947 Billion Modules/Ships : 110.781 Billion BPCS : 300 million Miscellaneous Odds and Ends : 1.0 billion Long-term/Speculative : 26.135 Billion ISK In Wallet : 57.617 Billion Escrow : 10.197 Billion Receivable : 24.981 Billion Shares/Bonds Revelations Direct : 2 billion Gross Assets : 290.682 Billion Liabilities Current Accounts : (109.138 Billion) Higher Interest Accounts : (126.792 Billion) Total Liabilities : (235.93 Billion) Net Assets : 54.752 billion ---------- Total Profit for week : 5.168 billion Salary : 2.584 billion Distributed Dividend : 1.292 billion (2.61%) Reinvested in Corporation : 1.292 billion (2.61%) Total profit for shareholders (dividend + growth) : 5.22% --------- Share in circulation : 15000 Net Asset Value for period commencing 5th April 2008 : 50.876 billion (rounded to nearest million) NAV per share for period commencing 5th April 2008 : 3.3917 million Buyback price per share : 5.0876 million Funds on Deposit in Fury Bank : 235.93 billion Est. Interest bill for period commencing 5th April 2008 : 3.763 billion REPORT ---------- For interruptedat work in middle of posting this report - and totally forgot to finish it. Had amended the overall results summaries (at top of thread) but forgot to post the detailed report. Going to post this week's report immediately - so will comment more there on results.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.04.12 23:50:00 - [106] Results for Week 5th April 2008 - 11th April 2008. Net Asset Value at start of week : 50.876 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 19.571 Billion POS : 4.077 billion POS Fuel/Stront : 2.237 billion Freighters : 1.8 billion Jump Freighter : 5.8 billion Mobile Containers : 1.239 billion Stock Minerals : 19.974 Billion Modules/Ships : 119.553 Billion BPCS : 300 million Miscellaneous Odds and Ends : 0.94 billion Long-term/Speculative : 26.16 Billion ISK In Wallet : 63.882 Billion Escrow : 7.925 Billion Receivable : 24.207 Billion Shares/Bonds Revelations Direct : 2 billion Gross Assets : 299.665 Billion Liabilities Current Accounts : (113.068 Billion) Higher Interest Accounts : (129.028 Billion) Total Liabilities : (242.096 Billion) Net Assets : 57.569 billion ---------- Total Profit for week : 6.693 billion Salary : 3.3465 billion Distributed Dividend : 1.67325 billion (3.29%) Reinvested in Corporation : 1.67325 billion (3.29%) Total profit for shareholders (dividend + growth) : 6.58% --------- Share in circulation : 15000 Net Asset Value for period commencing 12th April 2008 : 52.549 billion (rounded to nearest million) NAV per share for period commencing 12th April 2008 : 3.503 million Buyback price per share : 5.255 million Funds on Deposit in Fury Bank : 242.096 billion Est. Interest bill for period commencing 12th April 2008 : 3.858 billion REPORT ---------- Last week's results were fairly poor, this week's are pretty good. The difference is largely down to the amount of time I had available. As mentioned a few weeks ago, I've been a bit busy with RL work - so last week's profits were basically what could be generated with minimal time input from me. This week I've had more spare time for Eve, allowing me to catch up on outstanding logistics and also trade more actively - which I think is reflected in the relative profit levels for the two weeks. Next week my available time is likely to be lower than this week, but higher than the previous week - so on that basis I'd expect profits somewhere around 6 billion. But as I've yet to get a prediction of profits anywhere near right I wouldn't take that too seriously. Sales of BS were up a lot this week - which probably pushed profits up a bit. Ravens, especially, seem to be selling as fast as I can produce them. I should be investing in a few new BS BPOs this week - which will be reflected in the BPOssection of report next week. Of course they won't actually generate any income until they've been researched.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.05.04 19:25:00 - [107] Results for Week 12th April 2008 - 18th April 2008. Net Asset Value at start of week : 52.549 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 20.516 Billion POS : 4.077 billion POS Fuel/Stront : 2.237 billion Freighters : 1.8 billion Jump Freighter : 5.8 billion Mobile Containers : 1.239 billion Stock Minerals : 15.511 Billion Modules/Ships : 122.397 Billion BPCS : 300 million Miscellaneous Odds and Ends : 0.88 billion Long-term/Speculative : 26.138 Billion ISK In Wallet : 69.529 Billion Escrow : 6.141 Billion Receivable : 35.002 Billion Gross Assets : 311.567 Billion Liabilities Current Accounts : (123.967 Billion) Higher Interest Accounts : (129.923 Billion) Total Liabilities : (253.89 Billion) Net Assets : 57.677 billion ---------- Total Profit for week : 5.128 billion Salary : 2.564 billion Distributed Dividend : 1.282 billion (2.44%) Reinvested in Corporation : 1.282 billion (2.44%) Total profit for shareholders (dividend + growth) : 4.88% --------- Share in circulation : 15000 Net Asset Value for period commencing 19th April 2008 : 53.831 billion (rounded to nearest million) NAV per share for period commencing 19th April 2008 : 3.5887 million Buyback price per share : 5.3831 million Funds on Deposit in Fury Bank : 253.89 billion Est. Interest bill for period commencing 19th April 2008 : 4.026 billion REPORT ---------- Catching up on reports - last week's about to be immediately posted. Then I'll do this weeks accounts, post this week's reports and then make a longer than usual report addressing the current situation with Bruce. Accounts were produced on time - and dividends paid on the correct weekends. I just never got around to writing up the actual reports.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.05.04 19:34:00 - [108] Results for Week 19th April 2008 - 25th April 2008. Net Asset Value at start of week : 53.831 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 20.516 Billion POS : 4.077 billion POS Fuel/Stront : 2.237 billion Freighters : 1.8 billion Jump Freighter : 5.8 billion Mobile Containers : 1.239 billion Stock Minerals : 16.805 Billion Modules/Ships : 127.587 Billion BPCS : 500 million Miscellaneous Odds and Ends : 0.83 billion Long-term/Speculative : 24.928 Billion ISK In Wallet : 68.709 Billion Escrow : 6.089 Billion Receivable : 34.743 Billion Gross Assets : 315.86 Billion Liabilities Current Accounts : (126.015 Billion) Higher Interest Accounts : (130.054 Billion) Total Liabilities : (256.069 Billion) Net Assets : 59.791 billion ---------- Total Profit for week : 5.96 billion Salary : 2.98 billion Distributed Dividend : 1.49 billion (2.77%) Reinvested in Corporation : 1.282 billion (2.77%) Total profit for shareholders (dividend + growth) : 5.54% --------- Share in circulation : 15000 Net Asset Value for period commencing 26th April 2008 : 55.321 billion (rounded to nearest million) NAV per share for period commencing 26th April 2008 : 3.688 million Buyback price per share : 5.5321 million Funds on Deposit in Fury Bank : 256.069 billion Est. Interest bill for period commencing 26th April 2008 : 4.057 billion REPORT ---------- Gonnaget on with this week's accounts now. No idea what profits will be - but it's a fair bet they'll be the lowest they've been in a long time. Once accounts are done and dividends paid I'll post them here then make a post addressing the current situation with Bruce - and how it's likely to impact on Fury Holdings.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.05.05 00:48:00 - [109] Results for Week 26th April 2008 - 2nd May 2008. Net Asset Value at start of week : 55.321 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 20.516 Billion POS : 4.077 billion POS Fuel/Stront : 2.237 billion Freighters : 1.8 billion Jump Freighter : 5.8 billion Mobile Containers : 1.239 billion Stock Minerals : 15.859 Billion Modules/Ships : 119.737 Billion BPCS : 500 million Miscellaneous Odds and Ends : 1.21 billion Long-term/Speculative : 24.921 Billion ISK In Wallet : 55.881 Billion Escrow : 3.296 Billion Receivable : 31.974 Billion SHARES 10000 BSAC MinMa : 10.0 Billion Gross Assets : 299.047 Billion Liabilities Current Accounts : (116.645 Billion) Higher Interest Accounts : (122.852 Billion) Total Liabilities : (239.497 Billion) Net Assets : 59.55 billion ---------- Total Profit for week : 4.229 billion Salary : 2.1145 billion Distributed Dividend : 1.05725 billion (1.91%) Reinvested in Corporation : 1.05725 billion (1.91%) Total profit for shareholders (dividend + growth) : 3.82% --------- Share in circulation : 15000 Net Asset Value for period commencing 3rd May 2008 : 56.378 billion (rounded to nearest million) NAV per share for period commencing 3rd May 2008 : 3.7585 million Buyback price per share : 5.6378 million Funds on Deposit in Fury Bank : 239.497 billion Est. Interest bill for period commencing 3rd May 2008 : 3.799 billion Report to follow in seperate post, as it will likely be too long to fit in the remaining characters left for this post.
Auri Hella Downwind Trading Guild	Posted - 2008.05.20 08:56:00 - [110] Haven't heard anything for two weeks now, which is highly unusual for you. What's happening?
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.05.20 10:16:00 - [111] Probably just a couple of days late.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.05.20 14:03:00 - [112] I'll post the last couple of weeks' reports tonight - along with a report.
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.05.20 15:05:00 - [113] Hope it's not realated to that loss of a Fury Holdings Nyx I saw the other day -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.05.21 01:28:00 - [114] Results for Week 3rd May 2008 - 9th May 2008. Net Asset Value at start of week : 56.378 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 20.516 Billion POS : 4.077 billion POS Fuel/Stront : 2.237 billion Freighters : 1.8 billion Jump Freighter : 5.8 billion Mobile Containers : 1.239 billion Stock Minerals : 19.06 Billion Modules/Ships : 116.944 Billion BPCS : 500 million Miscellaneous Odds and Ends : 1.41 billion Long-term/Speculative : 24.924 Billion ISK In Wallet : 53.27 Billion Escrow : 2.457 Billion Receivable : 34.099 Billion SHARES 10000 BSAC MinMa : 10.0 Billion Gross Assets : 298.333 Billion Liabilities Current Accounts : (117.918 Billion) Higher Interest Accounts : (125.018 Billion) Total Liabilities : (242.936 Billion) Net Assets : 55.397 billion ---------- Total Profit for week : (981 million) - a loss of 981 million Salary : 0 Distributed Dividend : 0 (0%) Reinvested in Corporation : (981 million) (-1.74%) Total profit for shareholders (dividend + growth) : -1.74% --------- Share in circulation : 15000 Net Asset Value for period commencing 10th May 2008 : 55.397 billion (rounded to nearest million) Last week's report to be posted immediately, followed by a report.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.05.21 01:37:00 - [115] Results for Week 10th May 2008 - 16th May 2008. Net Asset Value at start of week : 55.397 Billion ISK ---------- Breakdown of assets at end of period: Fixed Assets Ship/Major BPOs : 20.516 Billion POS : 4.077 billion POS Fuel/Stront : 2.237 billion Freighters : 1.8 billion Jump Freighter : 5.8 billion Mobile Containers : 1.239 billion Stock Minerals : 20.005 Billion Modules/Ships : 111.166 Billion BPCS : 400 million Miscellaneous Odds and Ends : 1.36 billion Long-term/Speculative : 24.915 Billion ISK In Wallet : 53.829 Billion Escrow : 1.822 Billion Receivable : 34.245 Billion SHARES 10000 BSAC MinMa : 10.0 Billion Gross Assets : 293.411 Billion Liabilities Current Accounts : (110.606 Billion) Higher Interest Accounts : (127.222 Billion) Total Liabilities : (237.828 Billion) Net Assets : 55.583 billion ---------- Total Profit for week : 186 million Salary : 0 Distributed Dividend : 93 million (0.17%) Reinvested in Corporation : 93 million (0.17%) Total profit for shareholders (dividend + growth) : 0.34% --------- Share in circulation : 15000 Net Asset Value for period commencing 17th May 2008 : 55.49 billion (rounded to nearest million) NAV per share for period commencing 17th May 2008 : 3.699 million Buyback price per share : 5.549 million Funds on Deposit in Fury Bank : 237.828 billion Est. Interest bill for period commencing 3rd May 2008 : 3.792 billion ---------- Report to follow in a seperate post - going to type it up now, so it may take 15-20 minutes.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2008.05.21 02:04:00 - [116] Let's get the good news out of the way first. Fury Holdings has now been running as an IPO for just over a year - with a total profit for original investors of 546.43%. I'd been hoping to hit the 600% profit mark, but the events of the last few weeks put paid to that idea. Anyone who pays attention to CAOD, or is informed on alliance-level politics, will know that the alliance to which Fury Holdings belongs (BRUCE) has had an eventful few weeks. You'll appreciate that it wouldn't be appropriatefor me to discuss alliance internal events in too much detail, but here's the summary in a nut-shell. The alliance's leader decided that him and his corporation would leave BRUCE and move to low-sec. His plan was for a smooth transfer of power followed by their departure a few weeks later. Unfortunately this information was leaked - and their departure happened rather more abruptly than was the intention. Contrary to various rumours flying around they did NOT steal any alliance assets. But the alliance was left in a bit of disarray - with no replacement leadership in place and significant infrastructure needing to change hands. Subsequently, some other corporations have also left BRUCE (and Fountain). The majority (by no means all) of Fury Holdings' profits come from trade within Fountain. These events impacted very heavily on profits - due to three factors: 1. Less BRUCE in Fountain means less customers (though, in some areas, it also means less competition). 2. Departing members often put goods up on fire-sale on the market: so either profit margins had to be drastically cut or these items allowed to sell first. 3. The uncertainty over the alliance's direction led to even those members not leaving FOuntain ceasing to purchase. The third factor had the most immediate impact. Here's an example of how much sales dropped. At one of my sales locations I usually turn over around 10 billion on a weekend. On the weekend immediately following the news breaking, total sales at that outpost were below 500 million. Since then, sales have slowly started to pick back up - hence last week breaking even rather than the 1 billion loss the week before. Whether this week will be a low profit or a loss is yet to be determined. I anticipate the next two weeks both being somewhere in the 1 billion loss to 1 billion profit area. Obviously any losses are absorbed by NAV reduction: that's the risk shareholders take on in return for getting an uncapped share of profits. Equally obviously I draw no salary until profits get back over 2% per week (as per the profit-splitting defined when the IPO launched). It is also the case that there's no risk to Fury Bank depositors - the returns on bank deposits are fixed-rate and not based in any way, shape or form upon the profitability of Fury Holdings. Very few of Fury Holdings' assets are vulnerable to attack - and none are vulnerable to theft unless one of my accounts is hacked. As already mentioned, the short-term outlook is for small losses or small profits for the next two weeks. My RL work-load has been very high for the last few months - and will continue to remain that way until early next month. Thereafter it looks like I'll have a few montsh where I'll have more time for Eve than I've had for at least 6 months. At that stage diversification of investment and expansion will begin. I already know of 1 billion per week I'm missing out on - just because I don't have time to take advantage of it. And I have other plans for expansion - dependent to varying degrees on how well the Bruce/Fountain turns out. As these reports have been posted late, I'm continuing for this week to offer personal buy-back on Fury Holdings shares at 150% of NAV. This allows original investors to walk away with somewhere North of a 700% profit. I may or may not continue with this generous offer from the next report - though a buy-back at at least 100% of NAV will definitely continue.
Cyberbite Syrkos Technologies	Posted - 2008.06.02 10:32:00 - [117] any news on how things are going? I've been out of town for a week and just realized dividends for fury bank are a tad late at the moment
Kushion Anti Sweden Defense Force Virtue of Selfishness	Posted - 2008.06.03 17:36:00 - [118] I think it's safe to say you won't be seeing dividends anytime soon. Fury profits are made in BRUCE space off BRUCE members - and both members and space have been declining at an almost frightening rate. -- Taggart Transdimensional corporation - \| Capitalism \| Objectivism \| 0.0 \| No taxes \| No mandatory ops \| Join channel TAGGART for more
Admiral Kwint Lothian Quay Industries	Posted - 2008.06.03 18:10:00 - [119] Originally by: Kushion I think it's safe to say you won't be seeing dividends anytime soon. Fury profits are made in BRUCE space off BRUCE members - and both members and space have been declining at an almost frightening rate.
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.06.03 21:13:00 - [120] I too was wondering about this. FB is very late on dividends and a friend of mine has not recieved any shares or communication after depositing cash. Given the situation, I'm guessing the cash is mostly gone and FL has legged it with whatever was left. Would love to hear otherwise but given the lack of communication, etc, it does not look good. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Hexxx	Posted - 2008.06.03 21:34:00 - [121] Originally by: Ambo I too was wondering about this. FB is very late on dividends and a friend of mine has not recieved any shares or communication after depositing cash. Given the situation, I'm guessing the cash is mostly gone and FL has legged it with whatever was left. Would love to hear otherwise but given the lack of communication, etc, it does not look good. Let's tone done the speculation. FB may very well be extremely busy at the moment. Recent developments in his alliance have no doubt presented him with some "challenges". Yes, late dividends and lack of news is a "red flag", but let's not be so quick to smear the name of a guy who's been running FuryBank like a well-oiled machine for roughly a year. Director \| www.eve-bank.net
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.06.04 06:04:00 - [122] Originally by: Hexxx Originally by: Ambo I too was wondering about this. FB is very late on dividends and a friend of mine has not recieved any shares or communication after depositing cash. Given the situation, I'm guessing the cash is mostly gone and FL has legged it with whatever was left. Would love to hear otherwise but given the lack of communication, etc, it does not look good. Let's tone done the speculation. FB may very well be extremely busy at the moment. Recent developments in his alliance have no doubt presented him with some "challenges". Yes, late dividends and lack of news is a "red flag", but let's not be so quick to smear the name of a guy who's been running FuryBank like a well-oiled machine for roughly a year. No mater how busy someone is, it's easy to take a few minutes to post an update. The lack of communication is, to my mind, far more concerning than the late dividend. I noticed the loss of a Fury Holdings Nyx a few weeks back and was aware of the possible iminent demise of BRUCE. However, I chose to remain with my cash in the bank precisly because I trust FL far more than many others. He's done great things for the secondary market. The situation is FL has not updated us, dividends are several days late, my mate has been waiting for ages and still not recieved shares for his deposit or any communication... What else are we supposed to think? Ok, so saying FL had legged it with the rest was out of order but there are certainly problems over at Fury HQ and the manner in which the cash disappears is somthing of a secondary concern. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Mr Horizontal KIA Corp KIA Alliance	Posted - 2008.06.04 11:39:00 - [123] I wouldn't be too quick to call anything on Fury and FastLearner, as I have a lot of faith in the chap... The thing about the whole FuryHoldings/Bank structure is that it basically supplies fuel (as well as other stuff) for an alliance, so should BRUCE follow the current fashion of imploding entirely, FL can switch the whole Fury operation to a new alliance to do the same thing. My guess is within 2-3 weeks of hard graft he could be set up and up and running again. For someone who's been running Fury as consistently and enigmatically as FL, I'm more than happy to have a short pause in dividends for 2 or 3 weeks for him to sort himself out again. That said, a quick nod to investors here really wouldn't hurt. Director \| www.eve-bank.net
YouGotRipped Ewigkeit	Posted - 2008.06.04 12:34:00 - [124] Edited by: YouGotRipped on 04/06/2008 12:34:23 Originally by: Mr Horizontal For someone who's been running Fury as consistently and fervently as FL, I'm more than happy to have a short pause in dividends for 2 or 3 weeks for him to sort himself out again. That said, a quick nod to investors here really wouldn't hurt. ed: grammar Originally by: FastLearner Let's get the good news out of the way first. Fury Holdings has now been running as an IPO for just over a year - with a total profit for original investors of 546.43%. I'd been hoping to hit the 600% profit mark, but the events of the last few weeks put paid to that idea. I think FL did enough for the community already. Motherships
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.06.05 05:57:00 - [125] Well regardless of what FL has done for the community, I'd still be around 2.3 billion down if Fury Bank went under with no more payments and no matter how you cut it, that's a fairly significant loss. Still, I'm playing AoC atm anyway so would not be too annoyed or anything. I'd just like to know what's going on. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Tisisan Calista Industries Project Alice.	Posted - 2008.06.06 20:06:00 - [126] Edited by: Tisisan on 06/06/2008 20:12:45 I have about 10 Bil invested and feel fine. I need to confirm, but I believe FL was contacted by phone and is on the road for his RL job, with a malfunctioning laptop. Id expect an update this weekend. (Edit: Confirmed)
Kushion Anti Sweden Defense Force Virtue of Selfishness	Posted - 2008.06.07 17:04:00 - [127] The problem isn't trust in FL - I'm not really worried he would try to scam us. The problem is that a lot of his assets are shootable or in BRUCE-owned stations that are not/may not be bruce owned much longer. If he had been at his keyboard during this, I'd have more faith it would be OK, and the assets could at least be liquidated. However, if he hasn't had time to get assets to safety... -- Taggart Transdimensional corporation - \| Capitalism \| Objectivism \| 0.0 \| No taxes \| No mandatory ops \| Join channel TAGGART for more
Amarr Citizen 155 Alternative Methods Research Group	Posted - 2008.06.09 06:32:00 - [128] Originally by: Kushion However, if he hasn't had time to get assets to safety... Then he can pay a service to get them out for him..... ---------------------------------------------- Why do it the hard way when you can do it the AMARR way.
Admiral Kwint XERCORE	Posted - 2008.06.09 07:00:00 - [129] Originally by: Amarr Citizen 155 Originally by: Kushion However, if he hasn't had time to get assets to safety... Then he can pay a service to get them out for him..... Or he can can start doing business with the new owners. Business is business after all and having reasonably priced T2 items and ships always stocked in your 0.0 space (especially if it's contested) is one hell of an asset.
Dr Smog Fury Holdings Brutally Clever Empire	Posted - 2008.06.09 12:27:00 - [130] OK, I'm back. I'm not posting with my usualcharacters (fastlearner and Fury Banker) as their accounts have run out of subscription. In brief: I was working away from home - not unusual and not usually a problem. However my laptop's hard drive failing WAS both (unusual and a problem). No net where I was staying - and the computers I was using to work on were neither networked or online (that has to be the case with them for legal reasons). My first priorities are to get skills restarted, accounts reactivated and any emergency logistics sorted. My online time today is limited -but I should get all of that done before I haveto go out this evening. Tomorrow I'll catch up on all Fury Bank related activity - if I gettime I'll deal with urgent withdrawal requests today. I have to process deposits before I can pay each outstanding week's dividends (So everyone entitled to it gets it). I'd ask noone PMs me - as I HAVE to do things in a specific order - and time spent in PMS is time not being spent catching up on things. Hopefully the reinstalled Eve on my replacement laptop works.
Mr Horizontal KIA Corp KIA Alliance	Posted - 2008.06.09 13:02:00 - [131] Good to see you back man. Director \| www.eve-bank.net
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.06.09 16:07:00 - [132] Edited by: Ambo on 09/06/2008 16:07:41 Glad to hear you're ok. Feel free to ignore the update request I sent you a while back. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Hexxx	Posted - 2008.06.09 16:10:00 - [133] Originally by: Dr Smog OK, I'm back. I'm not posting with my usualcharacters (fastlearner and Fury Banker) as their accounts have run out of subscription. In brief: I was working away from home - not unusual and not usually a problem. However my laptop's hard drive failing WAS both (unusual and a problem). No net where I was staying - and the computers I was using to work on were neither networked or online (that has to be the case with them for legal reasons). My first priorities are to get skills restarted, accounts reactivated and any emergency logistics sorted. My online time today is limited -but I should get all of that done before I haveto go out this evening. Tomorrow I'll catch up on all Fury Bank related activity - if I gettime I'll deal with urgent withdrawal requests today. I have to process deposits before I can pay each outstanding week's dividends (So everyone entitled to it gets it). I'd ask noone PMs me - as I HAVE to do things in a specific order - and time spent in PMS is time not being spent catching up on things. Hopefully the reinstalled Eve on my replacement laptop works. If you believe EBANK would be able to help in some way while you get back on your feet, please contact us and let us know. Director \| www.eve-bank.net
NookiEPoring Dirty Deeds Corp.	Posted - 2008.06.09 20:05:00 - [134] Originally by: Dr Smog I'd ask noone PMs me - as I HAVE to do things in a specific order - and time spent in PMS is time not being spent catching up on things. Skip my PMs then :P Great to hear that you're alive and kicking and hope you bounce back okey.
Kushion Anti Sweden Defense Force Virtue of Selfishness	Posted - 2008.06.13 03:26:00 - [135] To my surprise, Quote: 2008.06.12 20:14 Fury Bank Corp may have credited your account as part of a total payout of 2100000000 ISK to their shareholders. The amount awarded is based upon the number of shares you hold, in relation to the total number of shares issued by the corporation. Kind of incredible that he is managing payments so soon. Major kudos to FL... you never cease to amaze. Personally I wouldn't mind waiting a bit for you to get back on your feet, if it will help you recover faster.
Shadarle	Posted - 2008.06.13 16:36:00 - [136] I wasn't really keeping up with this situation, but that's mostly because I consider FL to be one of the very few in EVE to be a really honest good person. Not only that I think he's more capable than just about anyone else thats been around these forums. So I'm glad it was all just mechanical failure. If I had to pick a single person in EVE that I thought could handle my entire trading business and production business if I ever had to hand it off, FL would be that person. Of course he probably wouldn't even want it as he has too much on his hands already and has probably out-grown me when combining his personal and IPO wealth. But yeah, FL is good people. I of course am not guaranteeing he won't run off with hundreds of billions of isk tomorrow... haha, but I doubt it... just no reason for him to.
Reann Ni'shaang 4S Corporation Morsus Mihi	Posted - 2008.06.27 06:36:00 - [137] Any new information from FastLearner, or about his situation/inactivity? :P
Castor Dei Calista Industries Project Alice.	Posted - 2008.06.28 09:41:00 - [138] I spoke to FL this morning via phone. He's out on the road for work at the moment and will (hopefully) be home Sunday evening. His RL workload is extremely high at the moment so asks that you please bear with him for the immediate future and he'll endeavour to update everyone as soon as he is able.
Waseem	Posted - 2008.07.06 14:40:00 - [139] Any chance of an additional update from someone?
Oni Waban Federal Defence Union	Posted - 2008.07.07 18:49:00 - [140] echo Waseem's request
Kareas Jericho Fraction The Star Fraction	Posted - 2008.07.08 20:58:00 - [141] Edited by: Kareas on 08/07/2008 20:59:30 ditto, made a withdrawel request over 1 month ago...
Kwint Sommer Caldari Lothian Quay Industries	Posted - 2008.07.08 23:20:00 - [142] So, when can we expect an update? At least an "I'm on it" would be nice. You know, it makes people feel like you didn't run away with their money..... Oh, if you're an investor in Kwint Industries, don't worry, I'm not invested in this. Purchasing and Shipping Moon Minerals
Shadarle	Posted - 2008.07.09 00:09:00 - [143] I sure hope when he gets back a lot of people with HIA's will withdraw their money!
Ricdics Corporate Placement Holding	Posted - 2008.07.09 01:54:00 - [144] Originally by: Shadarle I sure hope when he gets back a lot of people with HIA's will withdraw their money! You seem to hold a lot of confidence. In this day and age you can get internet access anywhere. On your mobile phone, the local internet cafe, or one of any friend/family member's house, even at your work location. It's not hard for FL to simply make a post stating things are still on track and explain why the delays are occuring. The only excuse possibly valid for the lack of contact is that something has happened to him (medical) or something has happened to his memory. Otherwise it looks like he has found something he enjoys more than Eve so has severed his ties. Now, he may come back to pay people off and shut shop, or he may come back with a renewed interest in Eve, or he may do an Ionia and we never hear from him again. Either way this extended absence is nothing but bad news and poor form. If I were you Shadarle I wouldn't have the same kind of upbeat atitude about it, it looks almost certain to end badly. Even if FL does come back there will be such a run on the bank waiting that it will put them into administration, plus count the fact that a huge part of the money making activities have been removed with the BRUCE alliance modifications. My theory. BRUCE broke up, FL tried continuing, found it increasingly hard to do what he used to do. Maybe lost a few expensive items or cargo's trying to do so, got fed up, and went to play some other game. I hope FL proves me wrong and comes back to finish what he started or at least keep people updated on what is going on. One of the arguments we had with FL when comparing to EBANK was the pro's and con's of having multiple employee's. This is a perfect example of where we could come out in front. If I go on extended absence, we have other people in position to continue on with the workload. Same deal for anyone else. Redundancy is never a bad thing. Obviously too many fingers in the pie can be dangerous but a 15b teller scam is nothing compared to a 500b full bank scam/default/hiatus/injury by owner.
cosmoray Cosmoray Construction	Posted - 2008.07.09 02:39:00 - [145] If FL doesn't return a lot of people who took out loans will make out well. If FL does default, then it will be a hammer blow to the investment community.
Hexxx Minmatar	Posted - 2008.07.09 03:13:00 - [146] Originally by: cosmoray If FL doesn't return a lot of people who took out loans will make out well. If FL does default, then it will be a hammer blow to the investment community. It will be a set-back. What I'm afraid of is that FL and BMBE are effectively both dead in the water...and that truely is unfortunate. I'm currently trying to mentor Dynasty Bank to follow a similiar model to EBANK in order to provide better risk mitigation and sustainability. When a project depends on just one person, there is a risk there. It does not doom the project, but it does present a risk. BMBE and FL were/are effectively one-man projects (Let's face it, Ray was BMBE). I'll echo Ricdic in saying that I hope I'm wrong about FL. I really admire the accomplishments of FuryBank and the dedication that it required. Director \| www.eve-bank.net
Nairb Ecrep	Posted - 2008.07.10 11:51:00 - [147] Can the person with the phone number give him a call again maybe?
Waseem	Posted - 2008.07.12 12:46:00 - [148] Edited by: Waseem on 12/07/2008 12:47:07 It has now been one month since the last divs were paid out and since last communication with FL occurred. Not including posts saying people called him. If the bank shares were able to be sold, I would mark them down 25% possibly more. I will be starting to write this off as a loss moving forward.
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.07.15 12:19:00 - [149] Just keeping this in people's minds. Can we please get an update on what's going on? All that's needed is one or two lines. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Waseem	Posted - 2008.07.15 17:18:00 - [150] Echoing Ambo. An update would be nice, but specifically what I would like to see is a process for people who would like to withdraw, if FL comes back. There was a post saying that their withdraw request was not processed before this second extended absence.
Ray McCormack hirr	Posted - 2008.07.15 19:23:00 - [151] Originally by: Hexxx What I'm afraid of is that FL and BMBE are effectively both dead in the water...and that truely is unfortunate. I'm currently trying to mentor Dynasty Bank to follow a similiar model to EBANK in order to provide better risk mitigation and sustainability. When a project depends on just one person, there is a risk there. It does not doom the project, but it does present a risk. BMBE and FL were/are effectively one-man projects (Let's face it, Ray was BMBE). You're slightly wrong on that regard, Hexxx, although what you suggest I see as being the case for eBank. Ricdic controls the vast majority and the Board act as little more than public fluff in an advisory role. Whereas the BMBE was run by myself, but with far more control over ISK and assets. BPOs were always secured in a position where it was not required for me to release them. Likewise the ISK was held in a similar fashion. As is RAYBY. Either institution can survive the disappearance of its front-man, and long-term security is valued more than short-term success. [WTS] Tech II Component BPO Sets
Ricdics Corporate Placement Holding	Posted - 2008.07.15 20:04:00 - [152] Originally by: Ray McCormack You're slightly wrong on that regard, Hexxx, although what you suggest I see as being the case for eBank. Ricdic controls the vast majority and the Board act as little more than public fluff in an advisory role. Obviously you have no idea on the way we run things internally so please don't try to guess. We have far more security protocols in place than BMBE did and follow the same locked down asset requirements that you suggested. Insured Research and Production Services Queues
Ray McCormack hirr	Posted - 2008.07.15 20:07:00 - [153] And that's why you rely on your tellers to tell you how much ISK they have? Pull the other one, Ric, your internal controls are woeful. [WTS] Tech II Component BPO Sets
Ricdics Corporate Placement Holding	Posted - 2008.07.15 20:11:00 - [154] I won't bother answering your trolling as it is off topic and unrelated to this thread. If you have a question feel free to ask it in the EBANK thread or forums. If you have a statement to make, it doesn't belong here.
Kwint Sommer Caldari Lothian Quay Industries	Posted - 2008.07.15 20:58:00 - [155] Originally by: Ray McCormack And that's why you rely on your tellers to tell you how much ISK they have? Pull the other one, Ric, your internal controls are woeful. Can we please stick to ripping Fury Holdings a new one, there's a separate thread for attacking EBANK. Purchasing and Shipping Moon Minerals
Thoran Karlien Di-Tron Heavy Industries Atlas Alliance	Posted - 2008.07.16 11:22:00 - [156] At this moment I count the isk I invested into Fury Bank as half lost. On the one hand I don't count on it anymore and don't view it as assets, on the other hand if FastLearner actually came back, I certainly won't pull out the isk instantly or at all. A rush on the bank could very easily kill the bank a second time after an uncertain rebirth. ____________________________ Whine : The only FOTM than never gets nerved or out of style!
Loreliee	Posted - 2008.07.16 16:16:00 - [157] Edited by: Loreliee on 16/07/2008 16:17:26 Edited by: Loreliee on 16/07/2008 16:17:01 I don't see the point in making a run on the bank if/when FL comes back. Why would you pull out your money when you finally know the guy wasn't trying to scam you afterall? I can accept a very busy RL. If FL misses a dividend or two because of it, that is far from the end of the world, considering how great a deal FL has been in the past.
Letias Caldari Poofdinkles	Posted - 2008.07.16 21:27:00 - [158] Originally by: Loreliee Edited by: Loreliee on 16/07/2008 16:17:26 Edited by: Loreliee on 16/07/2008 16:17:01 I don't see the point in making a run on the bank if/when FL comes back. Why would you pull out your money when you finally know the guy wasn't trying to scam you afterall? I can accept a very busy RL. If FL misses a dividend or two because of it, that is far from the end of the world, considering how great a deal FL has been in the past. Because you may want to put your money to better use, perhaps you found a niche and wish to exploit it, which could be helped by your withdrawl of funds. _____________________________ Originally by: Damini Frostmane Sex isn't sex unless one of you is crying afterwards :-)
Biolaja Tista Gallente International House of PWNCakes Interstellar Alcohol Conglomerate	Posted - 2008.07.21 00:01:00 - [159] Is Fury Bank still working? I sent money to it a few days ago.
Ricdics Corporate Placement Holding	Posted - 2008.07.21 01:33:00 - [160] Originally by: Biolaja Tista Is Fury Bank still working? I sent money to it a few days ago. Not exactly the smartest move when their CEO has been MIA for over a month
Biolaja Tista Gallente International House of PWNCakes Interstellar Alcohol Conglomerate	Posted - 2008.07.21 01:57:00 - [161] But he was just logged in a couple nights ago...
Ricdics Corporate Placement Holding	Posted - 2008.07.21 02:08:00 - [162] Originally by: Biolaja Tista But he was just logged in a couple nights ago... he has been sighted?
Rho'varo Diversified Operational Services	Posted - 2008.07.21 02:14:00 - [163] Originally by: Biolaja Tista Is Fury Bank still working? I sent money to it a few days ago. Well, Biolaja, if the chance to make deposits is the only capability you require of an investment opportunity, then Fury Bank is definitely still working. I might have an alternative for you, too! More seriously, it's good to hear that someone from the Bank is at least logging in. That's a prerequisite to any recovery for the Bank. Features & Ideas: Winding Up Learning Skills
Waseem	Posted - 2008.07.21 13:45:00 - [164] Can anyone else confirm that he was actually online in last few days?
northwesten Amarr Trinity Corporate Services	Posted - 2008.07.22 09:03:00 - [165] can we cut this have we seen him! I mean lets forget about this and cut this as a loss? no point draging this thread! If he does return then he post! Trinity Corporate Services
NookiEPoring Dirty Deeds Corp.	Posted - 2008.07.24 22:36:00 - [166] I've already scratched it down as a lost seeing as all I've gotten from my 1bil isk invested was 28mil isk. But no point whining about lost money, better get out there and make more :)
Jennifer Celeste	Posted - 2008.07.25 14:38:00 - [167] its ventures like this, that are legitimate for so long, and then turn sour b/c the CEO is a greedy ass that kill the market for any new IPOs.
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.07.25 14:56:00 - [168] Indeed, When some of the most respected people like Ionia and Fast Learner disappear without any word at all it really makes you feel that you can't trust anyone at all. Shame because CCP are not going to do anything to change the requirement of trust for running IPOs and that means the whole thing is always going to be highly limited.. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
General Lilost	Posted - 2008.07.26 07:51:00 - [169] Edited by: General Lilost on 26/07/2008 07:52:07 Jennifer, I have put my investment down as a loss for now, but do you have any evidence to support your implication that Fast Learner / Fury became suddenly "greedy" and decided to take off with the cash? There are other possibilities that I find more plausible. FastLearner was greedy (or else we wouldn't have even had Fury bank) but Fury wasn't run with a focus on fast cash and fast growth that are often the sign of scams. It was consistent and predictable in my experience. So I doubt he just suddenly turned sour. I guess something much more mundane has happened like Fury's business model fell apart and much of the investment was lost or is just sitting around while FastLearner has given up on Eve. It's all speculation of course, but I just wanted to counter your implication about FastLearner.
Ricdics Corporate Placement Holding	Posted - 2008.07.26 09:06:00 - [170] Agreed, it didn't look like a scam. Now, if FL had offered a 200b (or even 100) bond or allowance on HIA just before leaving it wouldn't have made sense. If he was going for max scam he would have waited till this period. Unless someone just sent him a big wad of cash for an account but doesn't want to publicise it on the forums. I think the above poster is likely to be right. Maybe FL has RL difficulties however in this day and age there are very few excuses why someone cannot make a simple forum post for over a month straight.
northwesten Amarr Trinity Corporate Services	Posted - 2008.07.26 14:51:00 - [171] Originally by: Ricdics I think the above poster is likely to be right. Maybe FL has RL difficulties however in this day and age there are very few excuses why someone cannot make a simple forum post for over a month straight. this! I just hope didn't have a Accident! Trinity Corporate Services
Bloody Rabbit Jita Miners	Posted - 2008.07.26 18:05:00 - [172] Originally by: Ricdics I think the above poster is likely to be right. Maybe FL has RL difficulties however in this day and age there are very few excuses why someone cannot make a simple forum post for over a month straight. Remember that he could have passed away and his accounts won't be touched. After all it is just a game. Originally by: Galliana Foresta And sewer rat may taste like pumpkin pie, but I'd never know 'cos I wouldn't eat the filthy mother ****er.
Ricdics Corporate Placement Holding	Posted - 2008.07.26 18:24:00 - [173] A little unlikely I think. He somewhat vanished for a couple of months, done a guest appearance saying he was back, and then vanished again. Unless he was reincarnated to make that post, one would assume a sickness of some sort would have been mentioned. However as I said above only a "few" reasons could cause him not posting, and pretty much all of them involve FL in serious medical condition or being held hostage by Osama.
Ray McCormack hirr	Posted - 2008.07.26 18:44:00 - [174] Or you could just accept the fact that life, no matter how trivial it may appear, is bigger than EVE. Time and again it's been shown by numerous individuals that even a single post is too unthinkable in their circumstances. [WTS] Tech II Component BPO Sets
Letias Caldari Poofdinkles	Posted - 2008.07.26 23:56:00 - [175] Originally by: Ray McCormack Or you could just accept the fact that life, no matter how trivial it may appear, is bigger than EVE. Time and again it's been shown by numerous individuals that even a single post is too unthinkable in their circumstances. This is pretty much how i feel, although it is very disappointing to have lost out on FRPB and now probably furybank, these things happen and if they have made a clean break from the game then I hold no grudge. There are many circumstances where signing in is impossible and people tend to lose sight of that at times. _____________________________ Originally by: Damini Frostmane Sex isn't sex unless one of you is crying afterwards :-)
Ricdics Corporate Placement Holding	Posted - 2008.07.27 01:50:00 - [176] Originally by: Letias There are many circumstances where signing in is impossible and people tend to lose sight of that at times. But we aren't asking Fastlearner to sign into Eve. We just want a post here. Of course RL takes precedence but if your RL is so busy that you can't spend 30 seconds writing up a post on here over a 2 month timeperiod then I am going to call scam. It would show just how much respect the person has for your money. Short of some form of medical condition that's stopping FL from being able to even post or tell his friend in this thread of the situation, this is a scam.
Bloody Rabbit Jita Miners	Posted - 2008.07.27 03:34:00 - [177] Originally by: Ricdics Short of some form of medical condition that's stopping FL from being able to even post or tell his friend in this thread of the situation, this is a scam. And the only reason I see that could have happened is jail or death. But also burn out could have set in but if that happened I think he would have just handed his accounts over for someone else to clear for him. Originally by: Galliana Foresta And sewer rat may taste like pumpkin pie, but I'd never know 'cos I wouldn't eat the filthy mother ****er.
Ricdics Corporate Placement Holding	Posted - 2008.07.27 04:07:00 - [178] Burn Out may be the biggest likelihood at this point. All this occurs shortly after BRUCE goes under. Maybe FL took a substantial loss as a result and took some time off Eve in annoyance. If that is the case, this extended delay should show how much consideration there is for his account holders and shareholders. I really do hope he comes back, the loss of Fury bank definetly will have a negative effect on EBANK. Sure there's less competition but there will also be less people willing to trust that a bank can exist in Eve if this results in a loss.
Lo Lightshard Insurrection Inc HUZZAH FEDERATION	Posted - 2008.07.28 01:52:00 - [179] There were large scale corp thefts reported as BRUCE collapsed. I'm not sure what FB invested in but there is a posibility that the money was lost. [IMA6E REMOVED]
Killmark	Posted - 2008.07.28 19:09:00 - [180] Well, in regards to the Bruce theft, out of two of those online at the time with CEO and Director access of the holding corp one of them was fastlearner.
Oni Waban Federal Defence Union	Posted - 2008.07.28 22:20:00 - [181] Originally by: Ricdics there will also be less people willing to trust that a bank can exist in Eve if this results in a loss. After the god knows how long it'll take to make back the 4 bill I have invested, I shall be in no hurry to re-invest. Ricdics is right, this is a sad turn of events for the whole community. The only people who will benefit from this, are the isk sellers. So a double blow for the community then. CCP, we really really need a structured market!
cosmoray Cosmoray Construction	Posted - 2008.07.30 03:47:00 - [182] I have heard two reports from inside Bruce. 1. Fury has lost a high percentage of assets that were used as collateral on loans via theft, amounts unknown but I heard ships/BPO's/minerals. 2. Fury can't access a large number of remaining assets (saleable items/assets) due to locations of stations, and entry rights in former alliance locations. 3. Confirmed loss of MS will require a write down. Reliably informed that only liquid ISK and loan book held by Fury would be still available in the business. It would be unclear if this money would go to HIA's, bond holders or shareholders. Either way I doubt the shares/bonds will have much value. Some up to date info would be nice.
Rho'varo Diversified Operational Services	Posted - 2008.07.30 04:40:00 - [183] Thanks for sharing this scoop, cosmoray. Originally by: cosmoray 1. Fury has lost a high percentage of assets that were used as collateral on loans via theft, amounts unknown but I heard ships/BPO's/minerals. 2. Fury can't access a large number of remaining assets (saleable items/assets) due to locations of stations, and entry rights in former alliance locations. 3. Confirmed loss of MS will require a write down. 1. Even if the entire "Receivables"(i.e., collateral) line item is 100% written off, that is a relatively small fraction of the operation's assets, and enough remains to cover all deposits (Current and HIA) shown in the 2008-05-21 reports. 2. Not being able to access assets now at least leaves open the possibility that they may be brought into play in the future. 3. Comparing the "Ship/Major BPOs" line item from 2008-05-05 and 2008-05-21, it appears that the loss of a Fury Holdings Nyx, as mentioned by Ambo, before 2008-05-21, did not merit a writedown. I'm not sure if that's the mothership to which you're referring. Originally by: cosmoray Reliably informed that only liquid ISK and loan book held by Fury would be still available in the business. It would be unclear if this money would go to HIA's, bond holders or shareholders. Either way I doubt the shares/bonds will have much value. Well, I'm a Fury Bank Current Account depositor, so take what I say with a grain of salt, but if we look to what might happen when a bank goes belly up in the real world (roughly put), (i) depositors would almost certainly get their ISK back (either from the bank's trustee in bankruptcy or from deposit insurance), (ii) then bond and other debt holders would get their ISK back if any remains and then, finally, the shareholders get any residual ISK. Of course, there's no bank deposit insurer in EVE, which means both that (i) no deposit insurer will help the receiver pay out to depositors but also that (ii) the Bank wasn't paying deposit insurance premiums all along. There's also no EVE "law" to govern the precedence of claims. Features & Ideas: Winding Up Learning Skills
Ricdics Corporate Placement Holding	Posted - 2008.07.30 04:45:00 - [184] Interesting to note, FL used to somewhat question EBANK over splitting securities/assets up amongst multiple parties as it was considered there could be more chance of scam. My question would be, after FL pushed this point many times, why did anyone else have access to FuryBank assets? As far as I was aware becoming a depositor in Fury meant putting your trust into FL and no-one else. I never saw any other Fury employee's or claims anyone else had any form of access to assets/financials. If this theft really has occured then FL has hypocritically attacked EBANK whilst doing some of the same things he criticized us for. Having said that, maybe there was no theft in the first place in which case this post would be invalid.
Professor Leech Transmetropolitan	Posted - 2008.07.30 04:52:00 - [185] I know that Bruce were hit with an evacuation scam. There may have been assets that they were trying to get shifted out of Bruce space and into npc stations. I can only speculate as to what happend but it's a possible scenario given what happend with Bruce. Originally by: Crawe DeRaven this thread is obviously going places
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.07.30 07:49:00 - [186] This is all just guesswork. Unless FL tells us what actually happened, we probably arn't ever going to know the details and it seems that he's fallen totally silent. My advice is to consider any deposits or shares in Fury as written off and get on with other things. I really wish FL would at least let us know what happened but it seems that is not going to be the case. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
YouGotRipped Ewigkeit	Posted - 2008.07.30 09:00:00 - [187] Edited by: YouGotRipped on 30/07/2008 09:03:20 Originally by: Ambo This is all just guesswork. Unless FL tells us what actually happened, we probably arn't ever going to know the details and it seems that he's fallen totally silent. My advice is to consider any deposits or shares in Fury as written off and get on with other things. I really wish FL would at least let us know what happened but it seems that is not going to be the case. Oh come on Ambo, erforsche deine Gefnhle! hahah The guy go enough of Eve, of the compulsion to deliver/be praised and all this trust and respect crap you people push on, he won't be coming back. He probably finds RL to be more rewarding and I don't blame him. Motherships
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.07.30 09:17:00 - [188] Originally by: YouGotRipped Edited by: YouGotRipped on 30/07/2008 09:06:38 Originally by: Ambo This is all just guesswork. Unless FL tells us what actually happened, we probably arn't ever going to know the details and it seems that he's fallen totally silent. My advice is to consider any deposits or shares in Fury as written off and get on with other things. I really wish FL would at least let us know what happened but it seems that is not going to be the case. Oh come on Ambo, erforsche deine Gefnhle! hahah The guy got enough of Eve, of the compulsion to deliver/be praised and all this trust and respect crap you people push on, he won't be coming back. He probably finds RL to be more rewarding and I don't blame him. I agree, however, I'm simply wanting him to post here letting us know what's happened. I don't expect him to work himself to the bone to get everyone's cash back if BRUCE has left Fury Bank with almost zero assets. However, I do think that his lack of communication shows a lack of respect. It costs nothing but a few minutes of time to come on here and let people know what happened. I would be suprised if anyone genuinely found Eve more rewarding than real life. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Sofitia Mourtos Viper Intel Squad Sons of Tangra	Posted - 2008.07.30 11:15:00 - [189] Originally by: Ambo I agree, however, I'm simply wanting him to post here letting us know what's happened. ... It costs nothing but a few minutes of time to come on here and let people know what happened. Consider the fact that if he took some time off due to burnout/misfortune/summer/whatever, then maybe his accounts expired. I think that many would not reactivate accounts for a game they have no intention of playing again, just to let people know that they left. ---------------------------------------- WTB: Guardian BPO
Elisa Day Eternity INC. Project Alice.	Posted - 2008.07.30 14:35:00 - [190] Originally by: cosmoray I have heard two reports from inside Bruce. 1. Fury has lost a high percentage of assets that were used as collateral on loans via theft, amounts unknown but I heard ships/BPO's/minerals. 2. Fury can't access a large number of remaining assets (saleable items/assets) due to locations of stations, and entry rights in former alliance locations. 3. Confirmed loss of MS will require a write down. Reliably informed that only liquid ISK and loan book held by Fury would be still available in the business. It would be unclear if this money would go to HIA's, bond holders or shareholders. Either way I doubt the shares/bonds will have much value. Some up to date info would be nice. I have no reports from "inside bruce", since they don't exist anymore, but I know the guy and flew with him many times (including the time he lost that nyx), and for 1. there was noone else with access, 2. have you tried getting stuff stuck in stations? Doesn't work very well, you can sell from space with an alt, and 3. Nope, it was a personal loss. Just my observations/speculations as I have absolutely no information nor have I talked to him in months, but I'm sure your sources are about as good as mine.
Salisuka Caldari 98.4	Posted - 2008.07.30 15:02:00 - [191] Originally by: Sofitia Mourtos Originally by: Ambo I agree, however, I'm simply wanting him to post here letting us know what's happened. ... It costs nothing but a few minutes of time to come on here and let people know what happened. Consider the fact that if he took some time off due to burnout/misfortune/summer/whatever, then maybe his accounts expired. I think that many would not reactivate accounts for a game they have no intention of playing again, just to let people know that they left. I think FL has enough isk to buy a GTC and just transfer assets to someone else, EBANK, Ray, Ambo ... whoever so that they can sell them and get us our isk back.
Silver Night Caldari Naqam	Posted - 2008.07.31 05:06:00 - [192] I've got a few billion in an HIA, and at this point I'm writing it off. Remember: For the pessimist, all surprises are pleasant ones. With any luck if it is burnout, FL will come back some day in the future and liquidate and we will all have a pleasant surprise. Otherwise, well, this is one of the risks, and this was an awfully high return investment - which is one reason I personally was willing to bet so much on a single individual with an excellent reputation. -------------- The Clown Man. GLS Mr. State Caldari Patriot. Sansha's Nation Supporter
Ulstan Caldari State Protectorate	Posted - 2008.08.02 01:50:00 - [193] Edited by: Ulstan on 02/08/2008 01:52:28 At this point I think we simply have to accept it as lost, hope FL returns someday after his interest in EVE revives, and sends some of the ISK back. Though, two incredibly respected IPO's just...stopping...like this does deal a heavy blow to the confidence in Eve's player driven investment opportunities. Edit - also, mark me down as a convert to the EBANK scheme of things, where one persons sudden disappearance or loss of interest in the game doesn't spell doom for the whole enterprise. The annoying thing is that in neither of these cases have the investors been snookered by scams, just that the IPO manager (apparently) grew tired of EVE and decided to just move on (with varying degrees of clean up beforehand)
Rho'varo Diversified Operational Services	Posted - 2008.08.02 03:31:00 - [194] An appropriate cartoon in this week's New Yorker. Features & Ideas: Winding Up Learning Skills
Kwint Sommer Caldari XERCORE	Posted - 2008.08.02 04:21:00 - [195] Originally by: Rho'varo An appropriate cartoon in this week's New Yorker. It would be funny if it weren't so true. Purchasing and Shipping Moon Minerals
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.08.02 09:46:00 - [196] lol, nice link -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Otto Phalanx Caldari No Trademark Obsidian Empire	Posted - 2008.08.03 22:18:00 - [197] Originally by: Elisa Day Originally by: cosmoray I have heard two reports from inside Bruce. 1. Fury has lost a high percentage of assets that were used as collateral on loans via theft, amounts unknown but I heard ships/BPO's/minerals. 2. Fury can't access a large number of remaining assets (saleable items/assets) due to locations of stations, and entry rights in former alliance locations. 3. Confirmed loss of MS will require a write down. Reliably informed that only liquid ISK and loan book held by Fury would be still available in the business. It would be unclear if this money would go to HIA's, bond holders or shareholders. Either way I doubt the shares/bonds will have much value. Some up to date info would be nice. I have no reports from "inside bruce", since they don't exist anymore, but I know the guy and flew with him many times (including the time he lost that nyx), and for 1. there was noone else with access, 2. have you tried getting stuff stuck in stations? Doesn't work very well, you can sell from space with an alt, and 3. Nope, it was a personal loss. Just my observations/speculations as I have absolutely no information nor have I talked to him in months, but I'm sure your sources are about as good as mine. First rule of bullshitting: Get the ship type correct. It was a Aeon, not a nyx, and he flew solo with it all the way up until Huzzah killed it. There were only 2 engagments where he had support with him, one of which was the last 5 minutes before it popped. Also, I actually did know the guy, was a fairly easy to get along with and level headed. I doubt he would "scam" anyone, he more than likely just doesnt take the game as serious as the majority of eve does. From what I can tell, he played the game for the market, the only reason he flew a mothership was for logistics, nothing more. At this point I would write it off as a loss. Everyone knows full well the ammount of risk involved when they invest in a IPO within this game, so the investors are the only ones that can be blamed in the end, at least thats how ive always seen it.
Ricdics Corporate Placement Holding	Posted - 2008.08.03 22:43:00 - [198] From what I was told ingame by an old corpmate of his he was foolhardy, lost 2 or 3 motherships in a short period and just before he vanished he completed construction of a titan. This person also states FL's entire operation was made redundant as soon as Bruce crashed. His money was invested heavily into stocks in station orders, moon mining ops, etc. Anyway this is all hearsay and there was more from the log. The actual truth behind it I don't know, this info could be completely wrong. Anyone wanting the chatlogs pop me an evemail with your email addy
Andre Coeurl Gallente TOHA Heavy Industries	Posted - 2008.08.04 17:33:00 - [199] I made a small investment into Fury Holdings because I wanted to try and learn something about the "market and investment" side of EVE while hopefully earn some ISk too, plus it was a BRUCE player's venture and the guy was generally considered an honest person. As it turns out, from the "average grunt" POV there's no real way to find a "public" investment that's trustable, and there's also ppl who would consider this kind of occurrence as normal, condoning it variously by saying "it's a game" etc, or "it's a risky investment after all" etc. While those phrases can be true per se, they are not once a player offers an investment plan, and is therefore in charge with it. He's accountable with it, and is responsible to the stakeholders. The problem is, the player is a vanishing entity, and the investment can easily vanish with it as there's no possible way to attach it to a real person after all. In fact, the real person may have had any kind of misadventure, in-game or RL ones, therefore I am not going to say that he is always a scammer (and the same goes for FL, for I genuinely wish he's not OC), but to EVER have a chance to build a sound or at least a viable financial market in EVE there should be some measures to prevent this happenings. This is a big problem in EVE, being that a game which relies heavily on realism: that is the lack of any accountability at all for acts in game, being them financial ventures, commercial acts or plain corp asset management. But after all, I'm not here to just complain about it, because I'd like to see this game evolve and grow, so I have a proposal. My bottom line is that it would be relatively simple to implement some forms of automatic control to protect form this kind of happenings. I'll try to exemplify it talking about financial ventures. First of all, anybody launching a public investment offer should activate an in-game mechanism to manage shares and capitals (let's call it "EVE-Wealth-Engine or EwE ), attached to his character (whose name and characteristics will be locked as long as the venture is running). This mechanism would manage instantaneous money transfer to all those who want to withdraw their shares, and it would block any wallet or assets move the moment one of the shareholders would ask for shares withdrawal and not be met in cash. To be sure that the manager won't just empty the assets hangars while keeping some ISK in the wallets to manage cashflow before bailing out, EWE would block enough assets to balance the total shares value (or it could be a percentage of it, let's say 60%) when ISk in wallets wouldn't cover for it. A slightly different management could be done for different investment types, where a higher or lower risk/reward ratio is expected, so EWE could be covering them from say 20% to 80%... EWE wouldn't be 100% risk proof, but it would give a clear risk/reward management, and on the other hand a player who would try to scam would find his char blocked with a good deal of ISk & assets attached to it. He then could negotiate a partial unblock by players suspending their withdrawal request, so EWE would free the account's trading abilities and the player could put ISk back into coffers to restart business, or else after a given time (could be 3 months) EWE would sell assets to CCP/NPC corps at median market value so there would be no market impact and the resulting ISk would be automatically divided among shareholders. It's not a complicated thing (it surely can be worked out, it's just a starting proposal OC), and similar engines could be created to manage large commercial ventures or assets access rights in corps/alliances. This IMO would allow EVE to become a much better game, and would greatly help to create a more rewarding market experience for every honest pilot around New Eden (yes I believe that such a thing exists) --- --- ---
Ambo Dirty Deeds Corp. Axiom Empire	Posted - 2008.08.04 19:33:00 - [200] CCP have stated they won't be implementing any sort of regulatory framework. -------------------------------------- Trader? Investor? Just want to track your finances? Check out EMMA
Castor Dei Delusions 0f Grandeur G00DFELLAS	Posted - 2008.08.05 07:57:00 - [201] Originally by: Otto Phalanx First rule of bullshitting: Get the ship type correct. It was a Aeon, not a nyx, and he flew solo with it all the way up until Huzzah killed it. There were only 2 engagments where he had support with him, one of which was the last 5 minutes before it popped. Also, I actually did know the guy, was a fairly easy to get along with and level headed. I doubt he would "scam" anyone, he more than likely just doesnt take the game as serious as the majority of eve does. From what I can tell, he played the game for the market, the only reason he flew a mothership was for logistics, nothing more. First rule of smacktalking in public...know your facts. He lost an Aeon in Syndicate to Huzzah and friends then a Nyx on another character in Fountain to PL. He got as much pew as possible in the motherships; often risking them heavily in an effort just to get into a rumble. As for his status. I was talking to him via SMS right up to my previous post at which point he was still coming back from out of town business. Sadly he has stopped responding via phone and other points of contact have been unable to verify his wellbeing. I've known him for a very long time and would vouch to the nth degree that he would never scam. The breakup of BRUCE hurt Fhold but he already had action plans in place to minimise the effect on profitibility. No assets were caught anywhere as he's an astute man and had pretty much everything prepared for such an event. So, basically, all the Fhold naysayers are incorrect as this was an eventuality he was fully prepared for. My concern is for his wellbeing. I also have 12 billion ISK tied up with Fury Bank FYI.
Andre Coeurl Gallente TOHA Heavy Industries	Posted - 2008.08.05 09:14:00 - [202] Originally by: Ambo CCP have stated they won't be implementing any sort of regulatory framework. I didn't know this, IMO it's a real pity since this way there will never be a chance for a viable financial market in-game. In fact, I wonder why CCP doesn't realize the need for better ISk, commerce and assets management tools... this would make the game so much better for players, and I personally would view an improvement like this as important for game experience as the Ambulation Project, to say the least. On a side note, I wish FL is well and in all cases I'd prefer this to be a scam than him being ill! --- --- ---
Mr Horizontal Gallente KIA Corp KIA Alliance	Posted - 2008.08.05 09:30:00 - [203] Originally by: Andre Coeurl Originally by: Ambo CCP have stated they won't be implementing any sort of regulatory framework. I didn't know this, IMO it's a real pity since this way there will never be a chance for a viable financial market in-game. In fact, I wonder why CCP doesn't realize the need for better ISk, commerce and assets management tools... this would make the game so much better for players, and I personally would view an improvement like this as important for game experience as the Ambulation Project, to say the least. Hence our goal at EBANK. Provide a rich set of financial services tools, facilities and applications to enhance and evolve ISK. Director \| www.eve-bank.net
General Lilost	Posted - 2008.08.05 11:26:00 - [204] For what it's worth, I much prefer the primarily trust-based systems and think regulation goes against the spirit of Eve. Once you start adding regulation, it's basically never ending as it all comes back to trust in the end (who watches the watchers and all that). That having been said, improved mechanisms for the banking/investment industry (e.g. something like the overhaul of the old escrow system) would definitely be welcome and have been discussed in detail elsewhere. FL earned his trust over a long time and a lot of work, and if he came back with a plan to recover I would listen to it as I think many others would as well. As Castor said, I just hope he is fine.
Otto Phalanx Caldari No Trademark Obsidian Empire	Posted - 2008.08.06 15:14:00 - [205] Originally by: Castor Dei Originally by: Otto Phalanx First rule of bullshitting: Get the ship type correct. It was a Aeon, not a nyx, and he flew solo with it all the way up until Huzzah killed it. There were only 2 engagments where he had support with him, one of which was the last 5 minutes before it popped. Also, I actually did know the guy, was a fairly easy to get along with and level headed. I doubt he would "scam" anyone, he more than likely just doesnt take the game as serious as the majority of eve does. From what I can tell, he played the game for the market, the only reason he flew a mothership was for logistics, nothing more. First rule of smacktalking in public...know your facts. He lost an Aeon in Syndicate to Huzzah and friends then a Nyx on another character in Fountain to PL. He got as much pew as possible in the motherships; often risking them heavily in an effort just to get into a rumble. As for his status. I was talking to him via SMS right up to my previous post at which point he was still coming back from out of town business. Sadly he has stopped responding via phone and other points of contact have been unable to verify his wellbeing. I've known him for a very long time and would vouch to the nth degree that he would never scam. The breakup of BRUCE hurt Fhold but he already had action plans in place to minimise the effect on profitibility. No assets were caught anywhere as he's an astute man and had pretty much everything prepared for such an event. So, basically, all the Fhold naysayers are incorrect as this was an eventuality he was fully prepared for. My concern is for his wellbeing. I also have 12 billion ISK tied up with Fury Bank FYI. heh... come on now ... i didnt even TRY that time and you let me troll you =/ I swear ... you bruclings will never learn. as for the ipo thing, it was a scam from the beginning! yar!
Katrina Maskim'Xul	Posted - 2008.08.18 20:38:00 - [206] Any updates on the status of Zim? Or are we all still in the dark?
Mr Horizontal Gallente KIA Corp KIA Alliance	Posted - 2008.08.18 21:26:00 - [207] Originally by: Katrina Maskim'Xul Any updates on the status of Zim? Or are we all still in the dark? Lights are still out at Fury HQ
YouGotRipped Ewigkeit	Posted - 2008.08.18 22:54:00 - [208] Originally by: Mr Horizontal Originally by: Katrina Maskim'Xul Any updates on the status of Zim? Or are we all still in the dark? Lights are still out at Fury HQ And who's going to pay the energy bill? I think Ebank will cover for that as they insist on burying FL with all the humiliation appropriate to a fierce competitor. Pathetic values and pathetic people.
Ricdics Corporate Placement Holding	Posted - 2008.08.19 01:19:00 - [209] Actually Horizontal was always a Furybank supporter and I dare say he may have lost isk if Furybank goes under. Grow up YGR.
Kushion Anti Sweden Defense Force Virtue of Selfishness	Posted - 2008.08.19 05:08:00 - [210] I've just recently discovered YGR's TOP SECRET plan for "UNIVERSIL DOMUNATSION" [sic] Quote: 1. Utilize incomparable wit & charm to alienate the entire community. It helps to spam a lot, be incoherent, and really insulting/clueless. 2. Obviously, there will be resistance. Search out the ringleaders - the most rational, intelligent, the most respected - and proceed to turn the community against them. The most efficient way to do this - obviously - is to post baseless accusations & insults so outrageous it strains the incredulity of even the most irrational members. The more juvenile ANGST and obvious bias you convey in every post, the more the community will drop their support of these obvious pretenders, and solidify their support of you. Step 3. ??? Step 4. Profit! Darn, guys. We might as well just quit now - there is no way we can possibly stand in the way of such a mastermind!
YouGotRipped Ewigkeit	Posted - 2008.08.19 09:11:00 - [211] Edited by: YouGotRipped on 19/08/2008 09:24:23 Originally by: Ricdics Actually Horizontal was always a Furybank supporter and I dare say he may have lost isk if Furybank goes under. Grow up YGR. Yeees, actually Horizontal is a lot of things, a ventriloquist above all, however the master puppeteer (that already posted some nice manipulation attempts regarding Dutch auctions and FDIC Funds) has a will of its own and is just as thirsty for attention and recognition as you are. He's looking down on others (vastly superior intellect) and thinking that since he's the one posting interminable sermons and doing all the coding work he's entitled to represent the Ebank official point of view. Originally by: Mr Horizontal I explained how EBANK generally handles ISK collateral. I didn't realise that Ricdic was actually making more work for himself and issuing the ISK to everyone. Originally by: Mr Horizontal This is pretty much the only rule I will be enforcing on the EBANK exchange when it launches. As you see, it was only natural that I assumed he posted on the behalf of Ebank.
YouGotRipped Ewigkeit	Posted - 2008.08.19 09:16:00 - [212] Originally by: Kushion I've just recently discovered YGR's TOP SECRET plan for "UNIVERSIL DOMUNATSION" [sic] Quote: 1. Utilize incomparable wit & charm to alienate the entire community. It helps to spam a lot, be incoherent, and really insulting/clueless. 2. Obviously, there will be resistance. Search out the ringleaders - the most rational, intelligent, the most respected - and proceed to turn the community against them. The most efficient way to do this - obviously - is to post baseless accusations & insults so outrageous it strains the incredulity of even the most irrational members. The more juvenile ANGST and obvious bias you convey in every post, the more the community will drop their support of these obvious pretenders, and solidify their support of you. Step 3. ??? Step 4. Profit! Darn, guys. We might as well just quit now - there is no way we can possibly stand in the way of such a mastermind! Like I said before, pathetic values, pathetic people.
Mr Horizontal Gallente KIA Corp KIA Alliance	Posted - 2008.08.19 10:13:00 - [213] Originally by: Ricdics Actually Horizontal was always a Furybank supporter and I dare say he may have lost isk if Furybank goes under. Grow up YGR. Yes I've personally lost 1.2b and also any interest accumulated over a year from my HIA from Fury going down. It's a sting, but not critical.
YouGotRipped Ewigkeit	Posted - 2008.08.19 10:22:00 - [214] Originally by: Mr Horizontal Yes I've personally lost 1.2b and also any interest accumulated over a year from my HIA from Fury going down. It's a sting, but not critical. Originally by: Mr Horizontal Originally by: Andre Coeurl Originally by: Ambo CCP have stated they won't be implementing any sort of regulatory framework. I didn't know this, IMO it's a real pity since this way there will never be a chance for a viable financial market in-game. In fact, I wonder why CCP doesn't realize the need for better ISk, commerce and assets management tools... this would make the game so much better for players, and I personally would view an improvement like this as important for game experience as the Ambulation Project, to say the least. Hence our goal at EBANK. Provide a rich set of financial services tools, facilities and applications to enhance and evolve ISK. I think this guys is more interested in pushing FL down and pulling Ebank up. And this was just the result of a surface excavation. I stand by my original statement.
YouGotRipped Ewigkeit	Posted - 2008.08.19 12:43:00 - [215] Edited by: YouGotRipped on 19/08/2008 12:43:42
Thoran Karlien Di-Tron Heavy Industries Atlas Alliance	Posted - 2008.08.19 13:24:00 - [216] Originally by: YouGotRipped Indeed he would have never scammed. But nor would he log in just to return a part of your isk considering the effort that entails and let's not forget about dealing with failure which was probably the main reason he quit. So is that a scam or an IPO going bankrupt? At this moment I can not see it as a scam because there is no evidence that isk was deliberately moved from the ipo to a diffrent source to keep it out of the hands of the investors. Or is anything where a promise can't be kept either because of shifted condition or acts of greater will automaticly a scam?
cosmoray Cosmoray Construction	Posted - 2008.08.19 13:27:00 - [217] I would go on the assumption that the ISK is gone. It is a bit disheartening that FL can't just write a quick post and give an overview. Even if it is just to say sorry, things didn't work out I'll do a full statement when I can.
YouGotRipped Ewigkeit	Posted - 2008.08.19 13:43:00 - [218] Originally by: Thoran Karlien Or is anything where a promise can't be kept either because of shifted condition or acts of greater will automaticly a scam? That really depends on whether he made some bonds around here or not i.e. friends etc, the education he received, whether he is a good Christian (lol?) or not but usually a high intelligence overrides any effort that is labeled inconsequential on the basis of a utility-finality criterion, conventions and morals are first to be forsaken.
Shar Tegral	Posted - 2008.08.19 14:58:00 - [219] Never let your sense of morals prevent you from doing what is right.
Thoran Karlien Di-Tron Heavy Industries Atlas Alliance	Posted - 2008.08.19 16:08:00 - [220] Originally by: YouGotRipped That really depends on whether he made some bonds around here or not i.e. friends etc, the education he received, whether he is a good Christian (lol?) or not but usually a high intelligence overrides any effort that is labeled inconsequential on the basis of a utility-finality criterion, conventions and morals are first to be forsaken. You sound like a social study textbook If I understood you correctly you are saying that it depens upon the person in question. Most people would find a way to resolve issues like this so those ipos shouldn't be labled scam, while those were conventions and morals are forsaken thus not resolving the issue should be classified scam. Correct? And Shar: If what is Right isn't what your morals tell you to be right, how do you know it is right? That would only work if there is a objectivly percievable Right, something human beings are generally nor good in.
Shar Tegral	Posted - 2008.08.19 16:33:00 - [221] Originally by: Thoran Karlien And Shar: If what is Right isn't what your morals tell you to be right, how do you know it is right? That would only work if there is a objectivly percievable Right, something human beings are generally not good in. Okay, in my experience most people know what is right. They just refuse to do it because of various reasons, morality being just one. (Laziness is, imho, the biggest factor though - if right takes effort, to heck with it.) PS: For Shad - I'm not touching on stupidity... errrr.. defective brains here. Take too long.
YouGotRipped Ewigkeit	Posted - 2008.08.19 16:37:00 - [222] Originally by: Shar Tegral Originally by: Thoran Karlien And Shar: If what is Right isn't what your morals tell you to be right, how do you know it is right? That would only work if there is a objectivly percievable Right, something human beings are generally not good in. Okay, in my experience most people know what is right. They just refuse to do it because of various reasons, morality being just one. (Laziness is, imho, the biggest factor though - if right takes effort, to heck with it.) PS: For Shad - I'm not touching on stupidity... errrr.. defective brains here. Take too long. Shar have you played Mass Effect? No? Well you should. You've been indoctrinated. lol
Thoran Karlien Di-Tron Heavy Industries Atlas Alliance	Posted - 2008.08.19 16:52:00 - [223] Originally by: Shar Tegral Okay, in my experience most people know what is right. They just refuse to do it because of various reasons, morality being just one. (Laziness is, imho, the biggest factor though - if right takes effort, to heck with it.) PS: For Shad - I'm not touching on stupidity... errrr.. defective brains here. Take too long. Ah sorry, misunderstanding. To me morals are what tells you what is right and wrong. So if someone says 'I know what is right, but my morals tell me something diffrently' I don't really understand it. That is personal morals.
Seeing EyeDog	Posted - 2008.09.11 18:37:00 - [224] i guess this venture, as well as all hopes of depositors getting their money back, have vaporized right? _____________________ Originally by: Locus Bey Intelligence isn't a prequisite for being a Goon, in fact its a deficit.
Hexxx Minmatar	Posted - 2008.09.11 20:03:00 - [225] Originally by: Seeing EyeDog i guess this venture, as well as all hopes of depositors getting their money back, have vaporized right? I would advise depositors at this point to treat this as a loss. With that said, I'm not sure that this was some kind of planned, intentional scam. I would hope that FL eventually returns, if nothing else, to liquidate remaining assets and to at least offer part of what depositors had previously had. Chairman of the Board of Directors \| www.eve-bank.net
Shadarle	Posted - 2008.09.11 20:12:00 - [226] Originally by: Thoran Karlien Originally by: Shar Tegral Okay, in my experience most people know what is right. They just refuse to do it because of various reasons, morality being just one. (Laziness is, imho, the biggest factor though - if right takes effort, to heck with it.) PS: For Shad - I'm not touching on stupidity... errrr.. defective brains here. Take too long. Ah sorry, misunderstanding. To me morals are what tells you what is right and wrong. So if someone says 'I know what is right, but my morals tell me something diffrently' I don't really understand it. That is personal morals. I would tend to agree. Ethics and Morals are quite different, but from my personal understanding a persons morals are what tells them if something is right or wrong. I also believe morality is relative, which is a very controversial belief. Such as, today, I believe it is moral to eat beef. In 50-100 years this may be seen as immoral to most of the population of the world. Just as slavery is seen as immoral now by a majority of people in the civilized world even though it was not seen that way by a majority 150+ years ago. Generally religions do not believe in moral relativism, they believe morals are fixed and always true. Obviously some people will argue with me about this, but I by no means am saying all religions believe this, just some and from what I understand a majority. All that said, I don't think FL scammed in the sense of "mwahaha I stole all their money" but instead I think he merely stopped caring about EVE and gave up. Or, for all we know, he is still playing and still posting on this forum with a main we don't know about and he simply didn't want the burden of fixing the problem. Though I don't really see this as his style, I think he would have fixed what he could have fixed because he seemed like the type of person who thrived on challenges. In any case, I doubt we'll ever see that ISK again. I had the max (6b) invested quite a while back in a HIA that would now be worth close to double that. Through all my investments now I've realized I've probably lost more money than I've made. Which is a major reason I haven't invested in any IPO's in quite a while. I would rather make 2-3% in a low income source that I control than 4-7% in a source I don't control. The risk factor for IPO's these days is at minimum 5% a month if not closer to 6-7%. Meaning if they pay out less then you're more likely to lose money than gain it through the life of the IPO. This is my own personal belief and obviously lots disagree because they keep investing in these new IPO's at pitifully tiny rates of 3-5%. But that's why the player run market is fun, people can value risk at whatever level they wish.
Kwint Sommer Caldari XERCORE	Posted - 2008.09.11 20:58:00 - [227] I can't imagine why FastLearner did it but we've reached the point at which Fury Bank should be written off. Purchasing and Shipping Moon Minerals
YouGotRipped Ewigkeit	Posted - 2008.09.12 14:44:00 - [228] Edited by: YouGotRipped on 12/09/2008 14:44:15 Originally by: Kwint Sommer I can't imagine why FastLearner did it but we've reached the point at which Fury Bank should be written off. lol? Have you not read my posts? BTW Kwint are you sure you don't want to buy more Fury shares? hahah

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