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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.06.27 23:05:00 -
[1]
Portsmouth Shipyards Inc. IPO
Table of Contents 1) Introduction 2) Timeframe 3) Description of Offering 4) Estimated Earnings 5) Share Purchasing Information 6) Share Repurchasing Information 7) Current Assets / Financial Data 8) General Information (why this offer will work)
1) Introduction
I have been experimenting with different methods of production, logistics, and marketing for over a year in Eve. The culmination of those efforts is contained in this IPO. I will be launching a 60 billion isk effort in order to provide a constant stream of income through the production and sale of capital ships as well as the sale of researched blue print copys. The corporation that manages this production will be Portsmouth Shipyards Inc. [PSI].
2) Timeframe
-Public offering beginning 6/28/07 and concluding once all shares are sold. -Repurchasing Period. This period will begin 60 days after full production begins and will continue indefinitely. -First dividend paid at production time + 30 days -First repurchase offer at production time +60 days
In addition, I held a corporation and alliance only share purchasing period that led up to the initial public offering.
3) Description of Offering
To establish and maintain a capital ship production facility that will produce between 4 and 6 ships per week will require approximately 60 billion isk of capital. This includes 40 billion isk worth of blueprints, as well as 20 billion isk of raw materials to cover the first month's production. I have acquired, using my personal assets, an initial supply of capital component BPOs valuing approximately 20 billion isk. The additional isk necessary to complete this venture will be provided through the shares issued via this IPO. There will be a total of 40 billion isk worth of shares, divided into 4000 shares with an initial value of 10,000,000 isk (10 million) each with an initial 2000 shares going to myself to offset the existing assets that have been purchased. All assets will be held by the production company Portsmouth Shipyards Inc. The CEO of Portsmouth will be my alt Spanner Frew. The CFO/Accountant character of Portsmouth will be my other alt, Researchi. All isk invested, donated, and earned through IPO efforts will be kept in this corporation and paid out as dividends and share repurchases.
4) Estimated Earnings
Earnings will come from two revenue streams. The first will be the production and sale of capital class ships including carriers, dreadnaughts, and freighters. The second stream will be through the research and sale of capital component blueprint copies, to be made and sold as available. 90% of all income will be paid as dividends. The remaining 10% will be reinvested into the corporation for additional assets. Initial returns are estimated at 15-18% per month payable as dividends. As operations expand and shares are repurchased, returns have the potential to increase exponentially.
5) Share Purchasing Information
To purchase shares, send increments of 10,000,000 isk (10 million) to Researchi along with an eve-mail with the number of shares you are requesting. After payment is confirmed you will be invited to join a mailing list in game that will provide periodic updates and important announcements.
6) Share Repurchasing Information
60 days after full production begins, PSI will begin offering share repurchases. This plan will be based on available funds and is only guaranteed to the extent that funds are available. Share repurchases will only be offered on shares that have been held for 20 days. (This eliminates share bouncing to "steal" dividends". Shares will be repurchased for 95% of their current valuation minus any dividends paid in the last 10 days. In order to request a share repurchase, simply send an eve-mail to Researchi and I will respond with an offer for your shares based off current market values.
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.06.27 23:05:00 -
[2]
7) Current Assets/Financial Data
Portsmouth Shipyards currently holds 21 billion isk worth of assets. These assets include capital ship component BPOs, minerals, and fighter BPOs. Currently there are 2160 outstanding shares of stock. Financial data will soon be made available in a downloadable and streaming (RSS) feed to all stakeholders in the corporation. This system will make use of the new API released in Rev 2 (as soon as I can make it work).
8) General Information
Cap ship pilots are growing at an enormous rate in the game. Reliable suppliers of ships will be in huge demand in the very near future. I have developed a business plan that will maximize my production capabilities, minimize costs and maintain excellent profit margins. While many people may have seen me on these forums and some may disagree with my views, I am positive that everyone I have dealt with will vouch that I never break my word and have a high standard of personal ethics and business sense.
Out of game, I hold a BS in business management with focus on accounting and economics. I have personally launched three separate LLCs in two different states and eventually sold each business for a profit. I have worked on my own, and I have managed staffs of over 200 people. I have run in-game production efforts in Eve, SWG, and various other games and have always turned a tidy profit for myself and my investors. To date I have amassed over 20 billion isk through advanced reaction production and marketing in eve, nearly all of which is being invested in this project.
On a final note, Portsmouth Shipyards is an independent business operating with the sole intent to make profits. Sale of capital ships will occur without regard to inter-alliance politics or the personal feelings of any of my shareholders, including myself. The goal here is to make everyone a ton of isk, and voluntarily shrinking the client base is not the way to do this.
To all my future partners, welcome aboard.
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.06.28 03:36:00 -
[3]
If you want to participate, please be careful to whom you send isk. There is not only a copycat character named Researchii, but a copycat corp named Portsmouth Shipyards (without the Inc.) that some Sylph Alliance person made.
Not that either of these are attempts at scamming, but the names are close enough where people could have a problem. Please double check before sending isk that you've typed it correctly.
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.06.28 17:41:00 -
[4]
Edited by: Wylker on 28/06/2007 17:42:11 Good stuff, heres what I have for you:
Originally by: Ricdic Another Capital IPO
You raise good points. In addition I believe there is going to be a ton of opportunity from 0.0 alliance pilots that do not have in-house capital suppliers. For example, in my small corporation (40 actives or so) we will have 10 new capital ship pilots just this month, and many of these players are around a year old or so.
Originally by: Ricdic I enjoyed reading your business plan. It was direct, to the point, and well structured.
Thanks!
Originally by: Ricdic You have not listed any form of estimated profits you expect to recieve.
Over in section 4 I briefly mention estimated returns of 15-18%. This number was arrived at with the following assumptions: current market prices will fluctuate, but the ratios of mineral costs to finished goods will not, the supply/demand curve for capital ships will have a mean ratio of 1, production will be contiguous. My business plan (which I believe is unique/rare) will allow me to keep my overhead costs extremely low, and I believe I can overtake and dominate a market while keeping margins high. I donĘt want to disclose too much information as to why, for obvious reasons. The aforementioned estimate should be fairly close to accurate and if anything is 1-2 points low.
Originally by: Ricdic Do you plan on having any of them actually post in these threads?
IĘve put out the call!
Originally by: Ricdic Are you willing to accept a trustee or two into your corporation? If not, why not?
This issue is more delicate for me. I think that in the short run, I would allow this. However, in the future, if the business dictated it, I may want to move these prints. There are things that simply canĘt be done in empire :D
Originally by: Ricdic What happens if you get hit by a bus, if answer to 3 and 4 is No.
I think in the worst case scenario people would simply be out their isk. The only protection to this would be to give someone equal access to all of the corp assets. I am unwilling to do this. If there is an alternative that could be accessed in the event that I disappear, I would love to do it, but I do not know of it.
Originally by: Ricdic Most importantly, why should we trust you with 40 billion isk?
Of course, in the world of eve, all you have is reputation. I have been playing this game for a year, and in that time have only been in 2 corporations. The second corporation is made up mainly of people with whom I left the first corporation. All this really means is that IĘm dedicated to my friends and have been for a year but itĘs a start I guess. In that time, I have had two significant projects that involved other peopleĘs money. The first was when I was barely 3 months old, and launched a 6 POS tower effort to produce a very complicated advanced reaction, move the reaction to empire, and sell it for a profit. The plan went exactly according to schedule, and we were profiting nearly 2 billion isk per month just off the reaction. If we had not left ISS during the IAC war, I would likely still be doing this reaction. Every investor in that project was repaid their initial investment along with any available dividends when I cancelled the project. I will try to get some of them to post here.
Other than that, you will see that while I have very strong opinions on matters throughout the forums, I am very consistent and loyal to my allies. I wish I had some way to express to you how important I think business ethics are and how I believe that businesses have a moral responsibility, but beyond simple statements I have no way of proving that to you. In addition, I possessed all hangar and POS roles in my ISS corp, and when we left (it was not very amicable) none of us took so much as 1 isk from The Praxis Initiative. Finally, I was a founder and director of my current corp, and recently voluntarily stopped being an active director as my play time was greatly reduced and I did not want to do a disservice to my corp.
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.06.28 17:42:00 -
[5]
Originally by: Ricdic Security
Right now there will be no POS operations. My original intent was to use a high-sec POS, but with the recent changes to how war decs operate in high sec, there is no longer really a reason to do so. Most of the benefits of producing in a POS are offset by the cost of maintaining the tower and the additional assets that have to be purchased. So for the initial period all production will happen in a low sec station. If 0.0 operations are commenced, then the corporation will operate under the protection of Aftermath Alliance.
Originally by: Ricdic If your alliance will protect the operation, are you willing too have your Alliance Executor come into this thread and endorse as such?
Sure, no problem.
Originally by: Ricdic 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?
I have spoken to my executor, and he is willing to vouch for me. However, our alliance does not have the funds to guarantee this project. If it did, this probably would have been a closed corporation and just used alliance funds.
Originally by: Ricdic 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, low-sec ganking, or 0.0 war targets? If you have war targets, who are they?
Aftermath lives in the north, there will always be war, but probably never a war-dec. The IPO corporation is not at war, and I do not anticipate losses as I will be using a multitude of alternative shipping/hauling methods in the event of a war dec.
Originally by: Ricdic You have a very minimal security status (0.2). This would generally tell me (an old vet) that you: (one of the following)
Checking your kill board history: etc.
Wylker is the first character I ever made, and used to do some ratting, but we also did fairly heavy anti-pirate activities in Sukanan (which kept the sec status pretty neutral). I do not run missions. Wylker is nearly 100% industrial and market based, but recently has stepped into a carrier and will probably make some kill mails that way. My primary PvP character has always been Little Strawberry, and will continue to be her for the foreseeable future. In ISS, I still am in the top 75 pvp pilots (we left the alliance over six months ago) unfortunately, that kill board is private. Here however, are my stats in Pyrrhus-Sicarii: Little Strawberry Stats
Originally by: Ricdic 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
No, I am only a year into this game, I simply make myself a student of the game and try to learn as much as I can about the ins and outs of it. I do currently have 4 accounts (one of which will go away soon), as my fortunes were made in running the markets and I needed instant access to markets all over eve to accomplish my goals. The only characters I really undock with are Wylker and Little Strawberry, the rest simply serve a purpose.
I really hope that answers some of your concerns, please let me know what other questions are out there.
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.06.28 17:50:00 -
[6]
Originally by: Ruffio Sepico It might seem cool and all to build capital ships, but atm it feels like a lot of work for little return consider the time a job take, pluss all logistic involved.
You echo exactly what my initial feeling was about cap ship production. However, after doing a ton of research and market analysis, I feel that there is definately opportunity out there if someone can run the business correctly. There is a ton of work involved, but there is also the possibility for great rewards.
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.06.28 21:55:00 -
[7]
Originally by: Ruffio Sepico
Originally by: Wylker
Originally by: Ruffio Sepico It might seem cool and all to build capital ships, but atm it feels like a lot of work for little return consider the time a job take, pluss all logistic involved.
You echo exactly what my initial feeling was about cap ship production. However, after doing a ton of research and market analysis, I feel that there is definately opportunity out there if someone can run the business correctly. There is a ton of work involved, but there is also the possibility for great rewards.
I been into building freighters and cap ships soon for 2 years. With the introduction of level 5 missions and CCP's statement about allow capital ships for these I did hope for increased demand of these ships, but thats not really the reality atm. Takes time to sell, and lot of competition, unless you want to dump your ships fast and cheap to re-sellers (which there is plenty off too).
I hope you understand the skepticism that I view someone who is a potential competitor telling me how tough the market is when you've stuck with it for 2 years :P
Anyway, if you have had a hard time of it, hopefully I will have some better success.
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.06.29 17:13:00 -
[8]
Originally by: CmdrThor
- How long will you wait for the shares to sell? I don't want to invest now and wait 6 months before you even get started.
- If you do have a fixed amount of time allocated for that, what happens if you only acquire 20b or 30b, instead of the planned 40b?
Good questions. Right now I basically have half of my component BPOS. I require at least 10B in investment capital before I can begin production. If I completely fail to raise any isk, at the end of 6 months I will return any investors equity that is requested, and try something else with whatever remains. The reason my goal is a 40B investment is that it will allow me the economy of scale to offset the current market issues around capital ships.
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?
I have already purchased many BPOs, and will be purchasing more immediately when I have the isk to do so. The prints go into research immediately after purchase. This allows me to begin production very quickly, and be at full production after approximately 90 days, assuming the IPO sells. If not, full production will take longer, but there will still be dividends paid off of whatever production I can manage.
Sorry Ricdic, I've got my own research slots
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.06.29 19:19:00 -
[9]
Originally by: Templer Relleg What makes you different from any other capital ship IPO out there?
I don't want to rehash TOO much, if you take a look at the very last section of the IPO description, as well as my response to Ricdic's post, I have done the best I can to emphasize why I feel I will be successful and profitable. Thanks for your interest :)
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.06.30 15:53:00 -
[10]
Hey guys, I usually issue shares every 24 hours, but I ended up FC'ing a POS defense op last night until 3 am, and had to work early today. I will get all shares issued tonight when I get home.
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.01 04:46:00 -
[11]
Thank everyone so much for the interest, 484 shares have sold, so there are 3,516 remaining. I really appreciate those of you that have vouched for me.
If you are excited by this IPO, please tell your friends! The sooner I get to my first threshold of production the sooner the dividends begin to roll :)
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.02 16:43:00 -
[12]
We had a great opening weekend, with 18% of shares being sold! (I'll post exact numbers this evening). As of midnight CST Sunday night, all shares have been issued. If you believe that I overlooked your share purchase, please send Researchi an eve-mail.
I formed a public mailing list that will be used for announcements and IPO information, but I forgot to bring the name of it with me to work.
Thanks again for everyone that has invested so far, especially Aman who tried to pay 10x share price for his shares :P
Please tell anyone who may be interested about our shared opportunity, as the next 3 weeks will determine a large portion of our success!
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.03 02:39:00 -
[13]
Edited by: Wylker on 03/07/2007 02:38:13
Note to all investors/potential investors: Subscribe to the mailing list "PSI Mailing List" for important updates and announcements!
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.05 16:23:00 -
[14]
Originally by: Templer Relleg For some reason Wylker never seems to be online. Am i just unlucky, or whats the deal?
I'm generally online after 9PM central M-F. I am online most of the day Wednesday and Sunday mornings/early afternoon US TZ.
It's usually easiest to catch me with eve-mail, but if you want to talk in person let me know and I'll try to look for you.
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.05 16:24:00 -
[15]
Originally by: Shar Tegral
Originally by: Wylker Thank everyone so much for the interest, 484 shares have sold, so there are 3,516 remaining. I really appreciate those of you that have vouched for me.
I'm curious... what is the current investment status. Ray left me with 500M and no dance partner.
I'll publish my first investor newsletter to the mailing list on Sunday and cc it here. Should have some good stuff to report.
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.11 06:21:00 -
[16]
Originally by: Kara Rhane Just trying to find it, but how many shares are left?
It looks like a good idea, it's a solid write up and instead of being negative and attacking ridic for his questions you answered them 1 by 1.
I'd like to invest but I'm making sure of A) has share price changed? b) how many shares are left
Please let me know.
-Kara
Hi Kara,
There are currently 3,271 shares left, and the IPO price will stand until all shares have sold. Obviously after that the market will determine share price :)
-Wylker
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.15 21:25:00 -
[17]
Originally by: Templer Relleg Edited by: Templer Relleg on 15/07/2007 19:54:55 So. As far as i can see ingame, theres 12001 shares. You state that each share is worth 10million shares. As far as im aware, 12001 * 10 = 120010 million(120bill!). You state that 4000 shares(40bill) will be sold, and you put in worth 2000 shares(20bill) from your own wallet. Fine. That makes 60bill, or 6000 shares.
In your mailing list, you state: "The other 6001 shares are holding shares that were issued to the corp CEO. This is to ensure that no one makes a power play to try and steal the corporation assets using the voting system. In essence: total real shares are 6000, of which I have 2000. There are 6001 "virtual" shares that make sure I have control of votes." So actually you are getting 50% of all profit.
Also the post just above me didnt seem to get his shares, or what was done in that case?
Whats with all this? Seems like a major scam to me.
First of all, please DONT get on here and accuse me of scamming when you just can't grasp the game mechanics. I keep a majority of shares on my CEO so that there is no way i will lose control of the corporation. It in no way affects payouts or anything else, you are making a big deal out of something that doesn't matter at all. Please rethink/revise your post.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.16 05:24:00 -
[18]
I want to make this perfectly clear, since there is some consternation about the share numbers and value. There is no way to differentiate between a voting share and a non-voting share in Eve. Because of this, anyone with any share in a corporation has the ability to try to take over a corporation. This investment is based off a 6000 share selloff, of which 2000 were purchased by me up front. Because there are 6000 shares floating around the public domain, I MUST retain 6001 shares on the CEO to ensure that I do not lose control of the corporation.
Only the 6000 public shares hold any value. Dividend payouts will be made ONLY to the 6000 public shares. Nothing in the original IPO statement changes. The additional non-valued shares must exist due to the share tracking mechanic introduced in Rev 2.
I want to clarify this one last time:
6000 public shares which will receive 100% of the divdend payout. 6001 non-valued shares in the hands of the corp CEO to ensure continued ownership of the corp.
If you're interested in the game mechanics, the way that dividends will be issued is by taking the entire dividend, multiplying it by 2, and pushing it out that way. The income gained by the CEO during the dividend payout will go back into the corp wallet. Alternatively, the dividend can be paid out at 1x its amount and simply paid twice.
AFAIK, every other dividend is paid out in this manor since Rev 2. I am sorry if this threw anyone for a loop, but please relax and have some faith in the plan that attracted you here in the first place. Do not overthink the math behind the shares, the bottom line is that I estimated at least a 15% return on investment, and that is what everyone should see. Hell, it may end up being even more as I just significantly reduced my operating costs.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.16 15:01:00 -
[19]
RV, I really wish you had just taken the opportunity to speak with me before deciding you didn't want to be involved, as I think you are still misunderstanding the situation. It is not about risk, it is about other people having the ability to completely steal the assets of the corporation. A weird vote could enable every isk of every investor to disappear over night.
That being said, I will try to honor your request to refund your shares. This is something that I will need to discuss with you in-game, as there is no liquid capital to do it immediately. I will try to catch up with you tonight.
In all reality, nothing has changed about my offering. Many people have vouched for my honesty and business dealings. Nothing has altered about how much a share is worth nor what the expected return will be. Frankly I think you are playing the devil's advocate for an argument that you do not fully understand, but I am also sure that you have placed yourself in a position where convincing you of something different is impossible. To the rest of my investors, please look at this objectively and feel confident that we're going to create a great return for everyone involved.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.16 15:44:00 -
[20]
Edited by: Wylker on 16/07/2007 15:44:43
Originally by: Templer Relleg
Originally by: Wylker RV, I really wish you had just taken the opportunity to speak with me before deciding you didn't want to be involved, as I think you are still misunderstanding the situation. It is not about risk, it is about other people having the ability to completely steal the assets of the corporation. A weird vote could enable every isk of every investor to disappear over night.
That being said, I will try to honor your request to refund your shares. This is something that I will need to discuss with you in-game, as there is no liquid capital to do it immediately. I will try to catch up with you tonight.
In all reality, nothing has changed about my offering. Many people have vouched for my honesty and business dealings. Nothing has altered about how much a share is worth nor what the expected return will be. Frankly I think you are playing the devil's advocate for an argument that you do not fully understand, but I am also sure that you have placed yourself in a position where convincing you of something different is impossible. To the rest of my investors, please look at this objectively and feel confident that we're going to create a great return for everyone involved.
But you failed to even prove his post wrong. To me it seems like hes right. I, for one, is not gonna invest before you fix those additional shares you made, which allows you to run off with all locked down BPO, without anything people can do.
What are the chances that all shareholders votes you out as CEO, without a very good reason?
I'll tell you what, I'll go screw around on the test server. If I feel like I can eliminate those shares and not face the risk of 1 person ninja-voting 60 billion isk away then I'll get rid of them. However, if I go on vacation for a week and the possibility exists of someone walking off with all of the corp assets, then they will remain. However I want to make this 100% clear. Under NO circumstances will I put this corporation into a position where someone can pseudo-haxsploit the mechanics of share voting and literally walk off with 100% of the assets of the corp. I am honestly suprised that people would want anything different.
I'll do a test tonight and get back to you guys.
*edit* You guys should know that I am only paranoid about this because my old CEO basically scammed his entire old corp out of all of their assets using share voting. I've seen it done and will not be put into a position where it can happen to me and my investors.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.16 16:14:00 -
[21]
Originally by: LaVista Vista
Im not a game mechanics shark, so just out of curiosity since i also run an IPO.
Is it even possible to create shares that have no value? Unless you pay out double each time, wont there also be paid out isk to those "non-value" shares?
You're on the right track Lavista. What you have to do is payout double and just put the payout back in the corp wallet from the character with the non-value shares. Alternatively, if you don't have the isk to do that, you just pay it singley but you do it twice.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.17 02:29:00 -
[22]
Thanks to some generous contributions by other investors, I have repurchased RV's shares. I hope you can find something else that interests you, in the mean time: more shares for others :)
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.19 17:40:00 -
[23]
Of course, I would need to make sure that I was around to vote on any type of important issues, but I make sure I log on every day, and of course I have friends that are shareholders that would tell me if anything was awry.
Anyway, after another strong week we have raised over 10 billion. Regular production should begin in another 7 days (Once ship BPOs come out of research). As of now, we have sold and delivered our first ship! Congratulations to everyone involved so far.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.21 18:07:00 -
[24]
Originally by: DarkStar251 If you already hold 2000 of the 6000 IPO shares, meaning there are 4000 available for investment, why was it necessary to issue 6001 more rather than 2001 more, which combined with your own shares, would be over 50% of the total issued?
Are the 2000 that are not available for purchase not held by you?
Simply wishing to clarify :)
While the 2000 shares that I hold would seem to be a lot, they are still not a majority. Also, those shares may eventually be sold on the open market. Essentially I wanted 6000 shares that are publicly held and that will be traded etc. Then there are 6001 non-valued, non-divident collecting, and non-tradable. These are of no use whatsoever except to maintain control of the corp. Hope that helps :)
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii Aftermath Alliance
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Posted - 2007.07.22 19:48:00 -
[25]
It's not contingent at all, as that would imply something that I have no way to guarantee.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.07.24 13:54:00 -
[26]
Heres an update on the IPO so far. As of right now, we have raised 10,890,000,000 isk through shares. With this capital, I have purchased the following component BPOs:
Capital Armor Plates x2 Capital Capacitor Battery Capital Cargo Bay Capital Computer System Capital Construction Parts Capital Drone Bay Capital Sensor Cluster Capital Shield Emmitter x2
By supplanting some of the missing BPOs with BPCs, I have produced, sold, and delivered our first carrier! This early production was to ensure I knew what I was doing and could actually get a completed ship to pop out of production :)
Anyway, thanks to everyone so far for investing, we're 1/4 sold out and need to keep going strong. So please tell your friends and corpmates if you think they'd be interested in investing. See everyone in space!
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.07.26 17:33:00 -
[27]
Originally by: Ion Halo I have been following this IPO offering for a while now, and while the ROI % looks very good, the one thing staying my hand is the lack of confidence you sometimes project.
The following statement causes me tremendous worry:
Originally by: Wylker
By supplanting some of the missing BPOs with BPCs, I have produced, sold, and delivered our first carrier! This early production was to ensure I knew what I was doing and could actually get a completed ship to pop out of production :)
I see the smiley face at the end, but with almost 11 billion in investors' money, I would hope that you knew what you were doing in the first place. Even so, joking about it doesn't instill confidence in my decision to invest. While I appreciate your candor, I think boldness would be a better approach. I have no doubt that you would sell every single share quickly if you continued to reflect the strength of your business plan.
I look forward to a response, and I thank you in advance for reading this subjectively as I have posted it as such.
While of course I can appreciate the concerns of anyone who is interested in investing, you should be aware that the odds are that I will continue to joke around and have a good time, while still trying to make the venture as successful as possible. If you're looking for a stuffed suit to invest with, you may need to look elsewhere, as that is in no way shape or form my style. However, please be assured that I am 100% confident of being successful, based off the months of speculation I had before starting the IPO. In all reality, knowing the theory and doing the deed are miles apart, and until I make a ship appear on an assembly line, I can not claim to "know" what I am doing. Which is why I did an experimental run on the first ship. Now I know!
Quote: How confident are you that investors will find themselves at the end of ROI's around 15%? I am still waiting to be convinced, and I am sure there are many more doing the same.
My projections for ROI are still on track. However, they are based on running at full production capacity (selling out the IPO). This will enable me to use the multiple revenue streams as well as economy of scale that my business plan is based on. We are growing step by step, and the quicker we can get to the end of the initial IPO the quicker we can see some truly spectacular results. Hope that helps!
PS. My advice to everyone in business, be it in game or in real life: the day when you take it TOO seriously and forget what's important is the day you lose your ability to do what no one else can.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.07.27 02:08:00 -
[28]
Originally by: Ion Halo I think its just easier to give it to someone else who understands just how serious this is. Best of luck.
It's really not that serious. I'm very good at what I do, I will have fun doing it because at the end of the day it's a game. What makes it fun for me is being very profitable in an industry where many people seem to think you can't be profitable. Feel free to invest elsewhere, but do it because they have a better plan, not because I refuse to be a "very serious internet spaceship IPO CEO".
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.07.27 17:10:00 -
[29]
Originally by: LaVista Vista
This is not really to troll or anything. But since i run a business very much like this, i thought i should join in on the discussion.
I understand where Ion Halo is comming from. From my point of view, when you run an IPO, its not always about having fun. When you interact with investors and customers, its NOT about having fun. While i enjoy interacting with customers(Reason im doing this), i do not seek to have fun per say. Joking and that kind of stuff is often not whats really needed, unless you know customer very well.
I have seen this several times, where people with major business simply scare people away, with trying to be funny, in a bad way. Tho that is my view on it.
Saying it's not a troll post doesn't make it not a troll post. Anyway, you guys are arguing a point that has nothing to do with what is going on in this thread. I made a release TO MY INVESTORS that used humor. That doesn't imply in any way shape or form that I'm not serious, or that I'm not inclined to make this work.
Frankly, the fact that you want to make an issue out of one line in a 4 page thread seems to show an amazing lack of sense on your part. Its like the string quartet playing as the Titanic was sinking. You're taking a detail that has nothing to do with me, or the IPO, or the investment, and forming opinions and making decisions based on that. It is your choice of course to do this, but posting this "you're not taking it seriously" is kind of a crappy thing to do, especially for people that are just clicking the end of the thread. If you want to discuss my business plan or my IPO feel free, but keep the trolling out please.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.07.27 20:32:00 -
[30]
Originally by: Ion Halo Welcome to the world of public trading where confidence is king.
My original post was as subjective as possible. Since I was on the fence about investing, it served as a probing post. Nothing 'troll' related at all. I got the answer I was looking for, made a sound decision, and yet you still feel the need to argue the point.
I grow weary of people who would simply call a purposeful post 'trolling'. It is easier to do so than to respond with merit. It is in reality a great insult. I know LaVista might be a competitor, but his advice is sound and honest even if it is opinionated. In case anyone still does not understand what trolling means, I would recommend this quick read. http://en.wikipedia.org/wiki/Internet_troll
Wylker, I do not doubt your ability in industry. My doubts lay elsewhere. To anyone interested in this IPO, I would read this gentleman's business plan to see the competence he has displayed, and not to make any decisions based on the results of my probing. This thread is here for a reason, so utilize it and make your own decision.
Good luck to all involved.
I wasn't really referring to your post as trolling as much as the +1 post.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.07.28 15:26:00 -
[31]
Originally by: Jin Shugo scam.
send me your iskies.
JS
Oh noz, the bums are invading my IPO!
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.08.04 00:15:00 -
[32]
Thanks for the spirited discussion guys, but everyone is entitled to their own opinions, and I try to respect them all. I hope people that have invested so far are confident, because I sure am :)
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.08.11 16:45:00 -
[33]
Around 2500 shares remaining, I should be able to begin production after 500 of those have sold. So investors, hopefully we'll see our first dividend in around 45 days.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.08.15 15:07:00 -
[34]
A bit of a slow week for share sales, 2,476 remaining. Tell your friends to buy some :P
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.08.18 19:13:00 -
[35]
Edited by: Wylker on 18/08/2007 19:13:47
Originally by: Ezoran DuBlaidd how's this going so far?
just a sidenote - with ricdic's ebank going live (soon it seems), would you be thinking of partnering with them? i.e. offering discounts to bank customers?
Going well, I am hoping to do our first dividend payout in around 40 days. This week has seen some good share sales, so I nearly have enough capital to engage in stand alone production. On the bank thing - I haven't really looked into the EBank, so I can't answer for now. However, I will always be open to opportunities that allow me to grow this business as well as attract customers.
Originally by: Kazuo Ishiguro I've paid for 100 shares. I'll post here again once I've received them.
You should receive them tonight :)
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.08.28 15:42:00 -
[36]
We're over half sold out now. Thanks so much to all investors so far. I'm looking forward to starting production and selling out the rest of the IPO.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.08.31 22:13:00 -
[37]
There are still shares remaining. Just in case anyone is looking for me, I have a fairly busy family weekend ahead of me, so I may be incommunicado until Monday.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.09.06 22:31:00 -
[38]
Approx 940 shares avail. Sorry I've been a bit afk this week, had family in town and crazy week at work. Will get caught up with some good production time frame info this weekend.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.09.08 06:26:00 -
[39]
Lots of activity today.
765 shares total remaining, but 125 have been reserved. Thanks for all the interest this week, we're almost there!
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.09.16 20:56:00 -
[40]
I just finalized the last transaction, as of now we are 100% sold!
Congratulations to all the investors, and thank you to everyone that is involved. Now its time for me to make something happen with all your isk. I will post monthly updates here, but will primarily communicate through the in game mailing list.
Thanks again!
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.10.09 21:28:00 -
[41]
Guys, chill out :)
I never promised overnight success. The fund raising is done, and now the actual hard work of making that isk turn into lots more isk begins. I am doing some mass production of components, trying to balance costs vs. the stupid mineral speculation that is going on because of rev3, and trying to open new avenues of business in order to reach my return goal ASAP.
Expecting me to update every day or even every few days is just unrealistic. I will continue to inform everyone of any major/important events, as well as monthly financial reports. I will also endeavor to answer any questions posted here or in the mailing list. But in general, just relax and everything will turn out ok
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.10.22 16:50:00 -
[42]
Originally by: Ruffio Sepico
Originally by: Wylker I am doing some mass production of components, trying to balance costs vs. the stupid mineral speculation that is going on because of rev3, and trying to open new avenues of business in order to reach my return goal ASAP.
Cost of mineral's and how the market swing you just need to adjust to. That applies for all builders out there. Back in the first page of this thread I did sort of warn you about work/effort vs returns on cap production. Will take a long time to recover the cost of all those prints consider build times and market prices.
I agree with you, however reacting to the normal evolution of mineral prices is not the same as getting screwed into billions of isk work of minerals that are only going to be inflated for 45 days. All that will do is screw over months of profits.
I know this is the internet and everyone has the right to express their concern etc. but holy crap folks calm down. I am working hard to make money for all of us. I'm sorry that it's not happening as fast as I had hoped but it'll come, just be patient.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2007.10.22 16:52:00 -
[43]
As a continuation, please notice that my original IPO called for payouts to being 60 days AFTER full production completed. I did not even sell out the IPO until 9/16/07. After that I had prints in research for nearly 30 days. Even now I am not running at full production due to the increase in mineral prices. That being said, even if on day 1 I was at 100% capacity there would still not have been a payout until 11/16/07, which is nearly a month away still. I really want to balance being respectful of my investors and answering concerns with trying to deal with every single impatient inquiry but some people are making it truly difficult not to just lash out and tell them to shut the *bleep* up.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.10.24 04:17:00 -
[44]
Err, I'm sorry I didn't realize I was coming across pissed or whining about mineral prices. My above points were that:
1) I am still working 2) I will provide info as often as I can 3) My original plan to pay early dividends did not work out 4) Calm down
I'd post more, but I'm basically just getting trolled at this point. All I can say is that I'm trying to make money for everyone, if it's not coming as fast as you had envisioned or I hoped, well, we'll just have to see how it goes.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.19 15:24:00 -
[45]
Edited by: Wylker on 19/11/2007 15:24:58 Hi!
Eve-O forum ban is lifted, and I managed to proxy in from work. I'll give everyone some information some time today, when I get some down time here.
I understand that people are upset, heck I would be too. I'd apologize for the lack of communication but I'd have to amend it to not be directed at the people who are posting their nerd-rage in this thread (please hire the MC to attack us btw).
To everyone else, this has never been intended to be a scam or anything of that sort. I've managed to survive huge amounts of peer pressure from Trixie to steal everyone's isk and all the assets are still safely in 2 stations in high and low sec.
Anyway, more to come this afternoon/night when I get caught up at work.
*edit* PS. stop asking Calmdown about this IPO. He doesn't know anout it, is not involved in it, and the fact that he happens to admin a fan site that I frequent doesn't mean he should be your go-to guy for problems.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.19 15:49:00 -
[46]
Originally by: Shadarle Edited by: Shadarle on 19/11/2007 15:43:38
Originally by: Eve-Online Forums - Last 2 Posts By Wylker Last 15 Posts - Edited by: Wylker on 19/11/2007 15:24:58 Hi!Eve-O forum ban is lifted, and I managed to proxy in fr ...19/11/2007 15:24:00 - OP: Welcome to a year ago. ...13/11/2007 22:03:00
I don't think the best way to restore trust is to start off with a lie.
Notice the week between those posts? Hehe.
Quote:
You know people are mad, but you won't apologize to anyone who actually expressed how mad they were. Makes total sense...
No theres a difference between "I'm mad" and "Lets get MC to blow up all their 0.0 assets, AND lets get a list of his friends and blow their **** up too"
Quote: Wow, you are a beacon of virtue! You managed to overcome peer pressure to do something which you swore you'd never do! What an amazingly strong person you are.
Thanks!
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.19 15:52:00 -
[47]
Originally by: Ricdic's Hoe I can wait a few hours How did you manage a forum ban on one section of the forums? Didn't know that was possible
It wasn't, I had a 7 day ban from some CAOD smacktalk. PS. Everyone should be giving Ricdic and LV a lot of thanks, they really look after the members of this little section of eve. Ok, enough whoring, I'll be on tonight with some answers and a plan of action.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.19 15:58:00 -
[48]
No it doesn't excuse it, and tbh I'm not looking to excuse it. I had intended to put this post up a few days ago though (on the 15th) and was unable to.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.19 16:14:00 -
[49]
I'm so glad I posted today, I was hoping to get trolled a bit before lunch. On a side note, whats with all the isk seller spam sigs? I didn't even realize it was different people until just now.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.20 01:30:00 -
[50]
Originally by: Mining Bunnz Let me start by prefacing this comment with a simple statement. I am an investor in PSI, holding 250m worth of shares. By no means a big amount, but then, its actually 1/160th of the total raised capital. I would strongly suggest that anyone who doesn't or wont preface their comments with a statement of their level of investment simply do not post.
Those who do can stand on your high horse and jump up and down as much as you like. You CHOSE not to invest in a plan that involved an overcrowded market. You made your comments (in a lot of cases) known well in advance, now you have NO REASON to be involved in the decision making process for this investment vehicle. There are no public shares for sale, they are not listed on exchanges. I'll be fair and credit most of you with good intentions, believing that investors deserve better. As one of those investors, I'm here to say that I can and will protect my own interests far better than any group of forumers who think that my interests may be slighted. If you are not acting directly on behalf of someone who holds, or used to hold, PSI shares, then you are not positively contributing to this thread anymore. Its that simple. Please stop.
I agree with the point Ric is making. The majority of attacks of Wylker's character here come from people not invested in his operation, which makes me wonder if I *should* be crediting you with good intentions, or whether there are alterior motives here.
Wylker, Bad business sense, a nasty nerf to your product range, all this can be discussed and worked out. Not talking to your investors (and I'm sorry bud, the ingame mailing list is *not* an option, given where it was taken I will NOT be signing up again) is not so clever, as you can no doubt see from the results here.
Looking forward to hearing what you have to say tonight and in a round about way, backing your decision to ignore comments from people who are not invested in your operations.
This was nice to read, thanks.
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.20 01:41:00 -
[51]
Ok my original inclination was to lay out where I thought everything went wrong. However, after reading over this thread again I guess I really don't see the point of trying to explain. I'll of course take full responsibility for dropping the ball with communication with you guys. If you want I can make a bunch of excuses as to what I had going on and/or reasons why I fell off the face of eve-o for a while (however, I doubt anyone wants that). That being said, I have managed to put together two or three ideas that I think can help keep this a profitable venture. I know we all entered into this together with the idea to make some money, and frankly I had firm commitments from buyers that would have allowed us to break even my very high estimates for returns.
All that aside, lets look at the here and now: I hold around 60 billion worth of assets from the isk generated from this IPO. These take the form of blueprints, minerals, a freighter, and some POS assets (3 large faction towers + fittings).
I know that some people would like to see this all liquidated and returned to investors. This is a possibility. However know that there can be no "partial" liquidation. These assets were invested in building carrier and mothership class capitals, and can not be easily broken apart. Minerals of course can be liquidated, and can generally be done with little threat of loss. The blueprints however, represent a very difficult asset to divest of right now. With the same problems that faced this business, the premium prices that researched blueprints used to get are all but non-existent. Of course, I could be wrong here and someone may help us break back even on these prints. With all that in mind, I could embark on an effort to liquidate all of PSIs assets and try to begin repurchasing shares. I would really like to avoid this.
The other two options both involve jumping on the gravy train that is approaching with Rev 3. The ability to corner the new market on new T2 ships will offer some spectacular short term and regular long term revenues to anyone that can pull it off. I have had some input from some of the shareholders that make both Jump Freighters, T2 battleships, and Rorquals seem like very smart investitures for the foreseeable future. This venture is in a very positive position, as I already have assets and characters in place to immediately capitalize on these items as soon as they hit live servers.
I'd like to open this thread to some discussion from actual shareholders as to the possibility of changing direction and getting some of those returns we all originally wanted to see. Keep in mind that I accounted for over 1/3 of the original investment so am as tied in to this project as anyone else. At the end of the day on Saturday, I will initiate a vote for all shareholders to make a decision that I will abide by as per the future of the IPO.
If you have questions, feel free to post them and I will answer them as I can.
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.20 02:29:00 -
[52]
I should probably clarify. I have specific plans for production, one would be for Rorquals, one is for Rorquals + T2 freighters, and one is for Rorquals + T2 freighters + new T2 cruisers and battleships. I didn't want to go overboard with details until people had a chance to discuss.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.20 23:36:00 -
[53]
Originally by: Fitz VonHeise I posted this originally in the irrational exuberance thread but thought it best to post it here too make sure Wylker sees it:
Originally by: Benvie Investors have no reasonable expectation to receive any interest on their investment despite there being no returns for a few months. They do have a reasonable expectation that if the business is failing that all assets will be liquidated and all funds distributed to shareholders.
So the current state of affairs for Wylker and his IPO is that he hasn't communicated with anyone for a long time. And for his name not to be put in my Thieves of Eve list is for him to come back and just liquidate all items purchased for the IPO and distribute them to all shareholders. (Even if this results in a net loss)
In other words he would not have to attempt to make up the difference out of his own pocket. He would be a failed business man but would have his good name intact.
(And Wylkerą. DonĘt let this failure bother you. There are many, many people who fail at a business and they come back and try again and many times succeed. Just set your goals a bit lower the next time)
You should probably put me on your arbitrary list then. If you read this thread, what you are "demanding" (lol) is a possibility, but not at all a certainty. I'm not really sure what gives you the right to attach such a label, but more power to you sir.
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.21 00:27:00 -
[54]
Originally by: Crovan And here I thought people needed guns fitted to pvp...
Alright, I've seen the subtle (and blatant) return of my name to the conversation. All I will say is that I honestly think that Wylker hasn't scammed you. He got really unlucky when it came to changes in the EVE economy. All capital builders are undergoing a major paradigm shift at the moment.
As for buybacks and whatnot, I won't comment. That's between you guys. Just don't try to leverage Wylker's friends by saying he's tarnishing our good name.
If you are really that upset, I'm authorized to discuss contracts on behalf of ETNY. If you think I won't shoot my friends for money, you're dead wrong. You could also contact Mynas Atoch, or our CEO, Exekias.
You don't want ANY of this Crovan. CHAMONE!
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.21 02:59:00 -
[55]
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.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.21 15:21:00 -
[56]
Originally by: Kitex Wylker, will you be voting with your own shares? 1/3 of total shares is enough to pass the vote in any direction you please, considering the vast number of shares that inevitably won't be voting.
I'm just curious whether the vote will be a legitimate polling of non-Wylker shareholders, or whether you'll end up doing what you want anyway by voting with your majority interest.
Hehe I hadn't even considered this. No, I did not plan to vote :)
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.26 22:34:00 -
[57]
So I learned the result of this vote by proxying on to eve-o just now from work. I haven't even been online beyond delegating fighters for 20 minutes the other day. I have no idea who voted with what, but I'll be happy to take a screenie of the vote results. I can also tell you that besides my holding of 2000 voting shares, the next largest shareholder has around 300 iirc. Anyway. Off to home to produce screenies (which I'm sure will get accused of being shopped but )
We'll have some more information in a few hours.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.27 00:21:00 -
[58]
Welp, I went to see how the vote went, and I just have the same information as everyone else, anyone know a top secret way to get the # of votes instead of the percentage?
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.27 02:26:00 -
[59]
Originally by: Matalino Edited by: Matalino on 27/11/2007 01:11:05
Originally by: Wylker Welp, I went to see how the vote went, and I just have the same information as everyone else, anyone know a top secret way to get the # of votes instead of the percentage?
The results are displayed as dual percentages, both percentage that voted and percentage of votes cast for that options.
So if you see 83.0097491876 % (83.0097491876/100.0) that means that 100% of shareholders voted, 83% of shares voted for that option.
Had there been share holders that did not vote, you would have seen a result such as 87.2027180068 % (8.02083333333/9.19791666667), thus indicating that 8% of shareholders voted for that option, but only 9.2% of shareholders voted at all, meaning that 87% of voters voted for that option.
I'd like to believe this was true, except that I hold 2000 shares on Wylker and the corp holds 6001 shares, none of which were used to vote. Any other explanations?
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.27 19:35:00 -
[60]
Yeah I've never really looked into other people's votes, but I can tell you certainty that I did not set any kind of "default option" nor did I vote with any of my personal shares or with the non-voting 6001 shares held by Portsmouth. If the information about the reporting is in fact correct, I also agree that it is ridiculous to assume that every single shareholder voted. I know for a fact that a few of my corp mates that hold shares have been out of town for the holiday weekend and wouldn't even have been able to log in and vote.
In the interest of making sure of things, I will put up an identical vote again tonight and we'll see what happens. In the interim, I will flesh out my plans for the other options to see what reaction from shareholders looks like. I will most likely be taking a partner or two going forward since I am just not able to devote the necessary time to this venture right now. More details to come.
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.27 20:30:00 -
[61]
Originally by: cosmoray Sorry Wylker numbers don't lie, there is no alternative vote outcome that proves you didn't vote. Maybe all spare votes defaulted to option A.
Heres what proves I didn't vote: I said I didn't vote. Seriously. Don't make me get all internet tough guy and ask you to call me a liar to my face. If you read the posts above, it is fairly obvious that there is a problem with the vote, as only a complete and utter dumbass would believe that 100% of all shares actually voted. If you choose to believe that then go ahead, but I can't give any rational response to it.
Now, as much as I appreciate the impassioned voices of people who are posting here, and can respect everyone's opinion, the bottom line is that there are a great many people who have interest in this project. Please continue to share your opinions and give suggestions, and of course I will absorb any and all feedback; but to expect me to make a decision based off the posts in this thread is completely unfair to the entire population that doesn't frequent the forums. This is the point of the vote. I will put up another 96 hour vote tonight, and I like the idea of changing the order of the options, so I will do that as well.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.27 20:32:00 -
[62]
Originally by: May Shiko you offer a buyback as an exit strategy for people who are not interested in the future of this IPO.
The problem with this is that there can not be a partial buyback. If I liquidate (at a loss) assets to allow people to have shares repurchased, it will invalidate the ability of the program to make ANY returns at ANY point.
I have made this point before and going forward I am likely going to not respond to points that have been beaten to death. Please read the entire thread and make suggestions based on new ideas or building upon points that have been raised already. It is very difficult to have intelligent discourse when we lose the thread of the discussion.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.27 20:42:00 -
[63]
Originally by: Shadarle
Originally by: Wylker
Originally by: May Shiko you offer a buyback as an exit strategy for people who are not interested in the future of this IPO.
The problem with this is that there can not be a partial buyback. If I liquidate (at a loss) assets to allow people to have shares repurchased, it will invalidate the ability of the program to make ANY returns at ANY point.
I have made this point before and going forward I am likely going to not respond to points that have been beaten to death. Please read the entire thread and make suggestions based on new ideas or building upon points that have been raised already. It is very difficult to have intelligent discourse when we lose the thread of the discussion.
There we go, we now have a definitive answer to the question of if he'll offer a buyback.
No.
Not sure where that leaves all the people who want the hell out... but at least they now know they are stuck.
A good question to Wylker is this though. What % of people have to want liquidation for you to do it? 25%, 50%, 75%, 100%? The vote is worthless if we don't have a pre-determined number to look for to know what the vote means. Otherwise any result could be offset by a "Well, that isn't high enough so we'll continue on".
1) I still would like to offer a buy back as soon as some profits are made. One way or the other there is a lot of isk to be made, right now it is a question of how and how much. I don't want to leave anyone out in the cold but there is a certain reality to the situation as well
2) I would say a simple plurality rules here, I think asking for an absolute majority would be too difficult.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.11.28 07:32:00 -
[64]
TO INFINITY, AND BEYO....
Just kidding, new vote is up.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.12.02 14:13:00 -
[65]
Originally by: Kazuo Ishiguro Works fine for me:- Liquidate: 61.56%
- Continue with carriers etc: 10.19%
- Branch out into new stuff: 28.25%
I'm pleased to see that the option I originally voted for has gained more support. I suppose the massive swing towards liquidation is due to Wylker not voting?
How dumb can you possibly be?
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii The Church.
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Posted - 2007.12.02 14:14:00 -
[66]
Looks like the vote is in, and with a little under 25% participation it is in favor of liquidation. So we'll get that going here.
Portsmouth Shipyards IPO Sales Portsmouth Shipyards IPO Discussion
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2008.01.14 02:25:00 -
[67]
Originally by: Zathi Shaitan Of course it was a scam.
Gruesome grammar in the OP, so... just keep in mind:
Never ... EVER ... trust illiterate people.
Wow. I thought it was very well written.
Anyway. Heres the final word. This was never intended to be a scam, a combination of being really busy, losing interest, and the disappearance of some of my support led to this entire venture sitting on the back burner for a very long time. I had originally intended to liquidate and refund as much isk as possible but as of right now I have loaned out all the BPOs that I had to various parties and I'm not really sure when/if I'll get them back.
On that note, I'm sorry to anyone that lost isk in this deal, if I could have had a crystal ball I probably would have never started this thing. I have paid a few people back, and will probably try to get some isk sent out to a few people who I care about personally. I certainly didn't need anyone's isk, but I guess no one will really every believe that. Other than that, most of you probably need to move on. Sorry again, I wish everyone the best of luck. <3
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Wylker
Caldari Pyrrhus Sicarii
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Posted - 2008.01.14 16:23:00 -
[68]
Fine it was all a scam, thanks for the isk. Lollerskates amirite? I bought 40 bil worth of genetically enhanced livestock, quafe, and exotic dancers and had the nastiest orgy ever. Thanks for your contributions.
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