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Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.06.28 05:06:00 - [1] Edited by: Ricdic on 28/06/2007 05:10:15 Ok, let me chew this up first: 1) Another Capital IPO > I cannot stand capital IPO's, but in this time in Eve, where Level 5 missions will have them as a requirement, I believe a small but substantial portion of the empire guys will fork out for these ships for their L5 mission running. So I will let me distaste for Capital Ship/Component IPO's slide in this instance. 2) I enjoyed reading your business plan. It was direct, to the point, and well structured. Now, onto the bad points 1) You have not listed any form of estimated profits you expect to recieve. Should we expect 100 isk per share per month dividend? As someone with a BA, I would expect you to have financial goals and expectations listed as an extremely important point. 2) In-game you are 1 year old. You have advised lots of people can vouch for you. Do you plan on having any of them actually post in these threads? 3) Are you willing to accept a trustee or two into your corporation, to lock the bpo's in corporate hangars, and ensure votes are required to remove them? 4) If not, why not? 5) What happens if you get hit by a bus, if answer to 3 and 4 is No. 6) Most importantly, why should we trust you with 40 billion isk? The most worrying point in your whole spiel, was that you didn't list trust at all (short of a simple sentence about un-named people that would vouch for you). I would like a nice writeup on why you believe you can be trusted, what your accomplishments in Eve are that can substantiate this, and how you plan to show you can be trusted (trustee's, endorsement etc) 7) Security. Being that you will 'likely' be using POS's in lowsec or 0.0, what risk minimisation procedures are in place? I see you are part of an alliance, but this is not the corporation that will be running things. Will your current alliance protect your operation? 8) If your alliance will protect the operation, are you willing too have your Alliance Executor come into this thread and endorse as such? 9) Is your Alliance Executor willing to vouch for your operation, and put the Alliance reputation at stake, and/or ensure investors funds are returned from his pocket (or anyone elses) in the event of a scam? 10) Back onto security. Are your alliance (or the corporation you are creating) currently at war, and do you honestly believe this war could result in lost produce, either through empire freighting, lowsec ganking, or 0.0 war targets? If you have war targets, who are they? 11) You have a very minimal security status (0.2). This would generally tell me (an old vet) that you: (one of the following) a) Are an alt b) Dont run missions (standings shows only a handful of rats he would have killed in a year) c) Don't do any form of ratting d) This character is not based in 0.0 Checking your killboard history: PA Killboard tells us you have never killed/been killed by PA. Eve-KB. Thankfully you are listed here. However, all your losses have been when using the following ships: Badger Caracal Escape Pod Merlin Rifter So either you are a cheap PvP'er, or you have pitiful combat skills. All of this combat shows low-sec or 0.0 combat as well. Now, I have then scanned your eve-online forum posts. After careful reading, this has shown another character in your possession known as Little Strawberry. Little Strawberry has no history worth mentioning. A post you made today and I quote : Quote: Why? It doesn't make my point about you less valid. And I have more characters than you do IQ points. :P Another of your posts speaks of an in-game issue that has been there since beta. Would this insinuate that you have a main main character, and this is a secondary? Ok, now seeing as I am profiling you so deeply, current wars = none 75 man corporation, 423 man Alliance. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.06.28 05:07:00 - [2] So, I have posted the questions there, as well as some general info for those not in the game or not interested in doing the research. I should have another batch for you once those have been answered as detailed as possible please, Cheers, Ricdic Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.06.29 15:41:00 - [3] Originally by: Celestra Ambrose There seems to be a capital ship IPO popping up every week these days even though the capital ship market has been saturated for quite some time now. Profit margins are rediculously low for the initial isk investment, logistics, and time invested into it. And just looking at the sell order forum shows you how many of these ventures go belly up. There seems to be more component and ship bpo's being sold off than any other T1 bpo at the moment Whilst I do agree with this point, I would have to say this is (imo) one of the best described capital ship IPO's I have come across. I have seen many over the past year, but none has really stood out to me, and made me feel safe in my investment (not counting those bits and pieces IPO's like PISOF and Ionias joints). After reading the OP's business plan, and his response to my comments, as well as the glowing recommendations from those around him, I do feel comfortable investing in this. Generally, if someone can sell me (and I am a hard sale) with a business plan, you can almost guarantee they have the skills to pull off the running operation as well. I am gonna have a flutter in this, but as always, when investing you need to weigh in the pro's and con's etc. Get onto TS with them and have a chat if you need too, but don't invest because I said I would, do it if you personally feel the same way. Shame, my investment amount will be kinda pitiful this month as I have been ensnared with LOTRO of late. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.06.29 16:57:00 - [4] Originally by: CmdrThor - If you do get all the funds you expect, will you start building immediately, or how long do you plan to acquire and research the BPOs? Yeh and will you use my services for your research? Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.06.30 14:43:00 - [5] Originally by: Cuttlefish This IPO is vague. Good luck though, as your competing directly with Red Army Inc. Cuttlefish No offence dude, but I feel more comfortable investing with this guys group than Red Army. Don't ask me why, I just feel this guy really knows what he is doing, and will go on to become a regular name on the forums as one who can be trusted. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.07.01 03:11:00 - [6] Oo, if BOB are investing, then so am I !!! Just not right this second, got a ton of debt to pay off Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.07.21 18:35:00 - [7] Edited by: Ricdic on 21/07/2007 18:40:49 Only a director with shares inside your corporation can vote you out of CEO. The whole "I needed 50% to secure my corp" is complete rubbish. I don't deny that you believe this to be the case, but you are wrong. C-R-A is publically funded. I own 14% of the corporation through shares I have purchased myself. The remaining shares are used by the public to simply accept or decline votes. None of them can start a vote (unless they are a director within the corp) Point is, if you are parading your corporation as a 'secured investment' due to locked down bpo's, for as long as you hold those extra shares, that security banner you have been using is null and void as you recieve your god-mode status back. I don't know if you advertised your corp as such, but if you did, and people signed up under that false assumption, it would be only fair for you to offer them (as funds were available) a way to sell their shares back to you. It is misleading, and in a lot of cases can completely reverse someone's decision in investing in your operations. If you never said there was going to be any security, then it isn't really a major issue. edit: After a quick read through the first page or two of the IPO, I couldn't see anything in the business plan that would suggest or advise people of your intent to lock down bpo's. Therefore, my argument above this edit is null and void. Fly safe Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.10 03:51:00 - [8] Just on this last post. I have not tried comparing EBANK to Fury bank in this post. I am not sure why you feel the need to justify your business. I am more than happy with the way things are. At first (months back) I did feel that Fury bank would be competition to EBANK, but this has not been the case. Obviously they are two different kettles of fish. Either way, EBANK has a lot of customers, and I am sure Fury Bank has some too. We can stretch Epeens by comparing deposits but lets not bother with that. Simply put, I posted a response to you claiming that LaVista was incompetent for starting a Capital Ship IPO. I posted that some may see you as also being incompetent for losing a mothership that is currently being loaned (the isk or some percentage of it) through your own bank. If as you say you never take out a loan for a PvP ship, then why would you even mention it? Either way everyone makes mistakes. LV may have gotten into a market that wasn't optimal, and you may have jumped into a system without scanning it correctly prior. If you feel you have the right to call LV incompetent for his actions, then you should also accept similar treatment for your own mistakes. Obviously you chose to take the personal attack route, and I won't indulge you by responding as it's irelevant to this conversation. Not everyone is perfect. You have shown ways in which I am not perfect. I accept that. Now it's time to accept that you can also make mistakes. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.10 04:23:00 - [9] Originally by: Benvie I may be wrong, but I believe what he meant was that the ship itself was not the collateral for the loan. Rather his income from Fury Holdings was the collateral. So in other words, Fastlearner as a single individual is incompetent for loosing his mothership. FuryBank is not as they just provided a loan. But then one could also say that LaVista is not the incompetent one, he just offered the business. Those who invested in him should be the incompetent ones for investing in an industry that had a higher chance of failure. Is that correct? Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.10 04:49:00 - [10] Good point Kitex, I will shut up now Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.10 07:01:00 - [11] Well the way I see it is that it's the investor who should be weighing up the pro's and con's of these businesses. ie, myself as a CAP4U shareholder should decide to or not to invest based on my belief in his plan. Now I can understand that the plan was probably fluffed a bit too much with high percent return expectations so some may have invested under what they believe were unclear circumstances. See, some of those bonds you guys are seeing now, some of the biggest ones out there, do deal in capital production. Sure, they are disguised as bonds (so basically hiding all internal activities). So should we call all of their CEO's incompetent by default? Going back on topic, let's not call names at those who are working their asses off to meet the expectations they offered their investors (ie, LaVista). This thread is about the way PSI are handling their commitments. Putting LV and PSI into the same boat is totally unfair. Sure, they are both in the capital industry but one freely offers information, looks for alternatives, and is actually paying dividends. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.10 07:46:00 - [12] Absolutely Shadarle I agree with basically everything you said. The annoyance I had was that LV was being called incompetent for making a bad call. He has since been working his butt off to provide alternates and ensure his investors get the returns that he did tell people of, plus he has the buyback in place. At this point regardless of the poor way the capital market has gone, LV has exceeded his projection every month. That's not a sign of incompetence. It's a bad call, but we all make those. As has been advertised by myself and others of late trying to smear my appearance I have had plenty of bad calls in my time too (read: C-P-H IPO) and I don't consider myself incompetent as a result. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.11 09:14:00 - [13] I am going to reserve judgement for now. Wylker has advised the 16th he will provide an update/dividend so I am willing to wait for this. I think attacking him etc won't resolve the issue, I don't want him to get to a point where he just walks away keeping everything. Obviously if this was his intention it will happen either way, but I invested because I did believe he valued his reputation and I will continue to assume this until we see what path things take on and beyond the 16th. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.20 08:33:00 - [14] I dunno, if he goes into excuses for everything in the past people will counter them and the whole argument starts again (as happened when he advised on the forum ban). I say leave the past where it is, and either work your ass off to reshape the future, or pack up shop. Either way a buyback should be offered without question for people who want to get out. Just offering it will get a few notches back onto your reputation and will limit those people still calling it a scam. I really would like to talk to you in-game/msn/email whatever Wylker. I am available via MSN about 19 hours a day ([email protected]). Please give me a yell. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.21 04:44:00 - [15] Originally by: Wylker I'll definately abide by whatever the results of the vote are on Saturday. If they are to liquidate, then I will do so. Ricdic, I added you to MSN but you haven't added me back yet. Thanks Wylker I have accepted it and look forward to having a chat when we are both available (I am available for the next 6 hours on msn btw). Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.21 09:05:00 - [16] Thats actually an excellent question. I forgot Wylker retains 51% of ownership Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.25 19:20:00 - [17] Yeh I don't think a screenshot is too much to ask for at this point. Or a revote as suggested above with a trusted party holding those shares. I want to see how many shares were voted with as that should give a good indication if you voted or not Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.26 10:39:00 - [18] 48 here. Voted C > Liquidation Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.26 17:56:00 - [19] If you feel jealous that EBANK's success far exceed's yours over a quarter of the lifespan I suggest you look into a stress ball. But of course if you believe that random unfounded attacks are actually having a negative affect on EBANK, by all means keep it up. Obviously our statistics wouldn't show that even with interest free accounts we are growing on a daily basis. Obviously many people lack trust in my dealings, as can be seen by the 220 customers amassed over the past 60 days. I don't epeen much but sometimes I like to put the little boys back in their place. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.26 18:06:00 - [20] I am sure some people may find my above post unprofessional in some way to which they are most welcome to request a withdrawal from their EBANK account. Of course, EBANK have or had no ownership with PSI at any stage ever in it's lifespan, so it's mention in relation to this corporation is questionable at best. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.27 09:24:00 - [21] I am gonna test the default to A theory now. Will see what happens in 24 hours. Will have all but 200 shares vote on Option B, with the final 200 shares not vote at all. If the current guess is correct, that would mean the 200 default to an Option A vote and the whole voting system is corrupt. this would subsequently mean any new votes would have an a) No vote b) Yes c) No type system in order to work. Either way we will find out in 24 hours once this vote has occured. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.28 07:24:00 - [22] Buzz Lightyear also says "Reach for the sky" as one of his buttons. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.28 07:37:00 - [23] Originally by: Riethe Originally by: Ricdic Buzz Lightyear also says "Reach for the sky" as one of his buttons. I thought that was Woody. You don't turn me on that much any more, sorry Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.28 13:53:00 - [24] I will have the answer in a few minutes when I log in Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.28 13:58:00 - [25] Ok, the EBANK board of directors have 200 shares each. The vote said no-one was to vote on option 1. Shar and I didn't vote at all. At least 1 did vote (not sure who did/didn't) Either way, 0% showed as voting on option #1. Even without shares, your corp gets the option to vote on an option. EBANK didn't do any vote either. Ok so conclusion. A non-vote does not result in a default to option 1. Cheers. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.28 15:03:00 - [26] Edited by: Ricdic on 28/11/2007 15:02:46 Originally by: cosmoray Ricdic can you copy the E-bank vote results here. Your wish is my command http://users.tpg.com.au/ricdic/vote.jpg Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.30 04:48:00 - [27] Yep in my opinion my money is lost. The fact that only a tiny percentage voted to liquidate 10% or so I can only wonder why Wylker doesn't just buyback that 10% and reissue them to people who want them. We had the same sort of scenario with ISS (except ISS were actually paying dividends). Investors in ISS wanted to get out but ISS refused to provide the buyback. This made Roemy and Shadarle very angry so every month they would be mad at Stins and ISS as they felt they were stuck in an investment that they didn't want. Anyway, the end result was not just a buyback but ISS shut down shop. If only 10% want to liquidate, ACCEPT their request and keep things going. It's far better to let them out rather than having them constantly on your back. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.11.30 16:54:00 - [28] Shadarle should be god Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.12.02 13:26:00 - [29] Startling turn of events. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.12.09 03:37:00 - [30] The Capital market isn't exactly dead. It's all about what you do with it. TCCS is capital only and I believe we sunk about a 13% dividend last month. But you are probably right, I have written off my PSI so it's not a big deal. Need Empire Research Slots. Click here
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.12.22 00:51:00 - [31] When I vouch for someone I do it under the complete expectation that if they screw up, I am left having to clean up the mess. When EBANK takes on a loan customer who has people vouching for it, it is determined in advance that if the loanee screws up, the vouchers will be called on to take control of the debt. I guess that's my definition of the term. http://oldforums.eveonline.com/?a=topic&threadID=500043 Largest Empire Research Alliance in EVE!
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.12.22 10:52:00 - [32] Originally by: Riethe If you let your neighbor babysit your daughter based on a reference from someone who wasn't aware your neighbor was a pedophile, you're going to be filing a lawsuit against the person who put your daughter in the ice chest. Well there are 2 pretty clear comparisons. Character Reference - Some posted them here, I showed them as such. Based on their experience with the character they posted their dealings. Vouch - A person who commits to being responsible for the person's actions. EBANK works in the same fashion. We take a character reference as a partial security on a loan but put more trust into someone vouching for the other. Obviously in both cases it is irrelevant if the person vouching isn't to be trusted (same deal with the character reference). In the EBANK example. If someone vouches for someone else, and that person defaults, and the 'voucher' doesn't follow through on repaying the debt, we blacklist both. If someone gives a character reference for another and the person falls through we write off the loss and blacklist the loanee, whilst we may lower our trust in the character reference (but we won't blacklist them). Same deal with a judge in criminal law. If you post as a character reference you are doing nothing more than swearing that all your dealings with the person have been successful. If you are posting bail for someone you are promising the judge that you will not get your bail back if the person skips town. So you are holding yourself responsible in some form. http://oldforums.eveonline.com/?a=topic&threadID=500043 Largest Empire Research Alliance in EVE!
Ricdic Caldari Corporate Research And Production Pty Ltd Zzz	Posted - 2007.12.22 11:06:00 - [33] I have started a new thread on this topic to discuss it away from this already enlarged thread. You can have a look here and give your opinions, beliefs etc etc Cheers http://oldforums.eveonline.com/?a=topic&threadID=500043 Largest Empire Research Alliance in EVE!

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