| Author |
Thread Statistics | Show CCP posts - 0 post(s) |
Rthor
Gallente
Smugglers Inc.
   |
Posted - 2007.08.14 14:09:00 -
[1]
You are complaining that there is not enough complaining? How can I satisfy you exactly?
|
Rthor
Gallente
Smugglers Inc.
|
Posted - 2007.08.14 17:15:00 -
[2]
With Tornsoul it was the contrast between his arrogance and lack of performance/effort that brought such criticism on him. When Tornsoul started he had very good reputation and then he "cashed it in."
Ray is coming from a different level and he does what he says he will do so there is no need to criticize him too strongly. In a way it seems that maybe the good/working/unseen part of the TS/Ray partnership was Ray.
|
Rthor
Gallente
Smugglers Inc.
|
Posted - 2007.08.14 18:30:00 -
[3]
Edited by: Rthor on 14/08/2007 18:30:15
 Originally by: Shar Tegral
Originally by: Rthor
When Tornsoul started he had very good reputation and then he "cashed it in."
This I don't.
Which part? I assume the second part. Well that is probably we disagree. I think that all public companies in Eve borrow capital from their shareholders. And I believe that the cost of this capital to a public company should be higher than 2-3 percent per month because shareholders should be compensated for their risk of the management screwing up intentionally or unintentionally and also for the risk of a patch and aging of the game making their ISK worth less. What I mean is that whenever a new patch makes getting ISK easier the existing ISK is devalued. Also if you can get your hands on a lot of ISK it gives you competitive advantage when new content is released because you can invest in opportunities.
So in my opinion Tornsoul was able to borrow 100 billion from his shareholders for a very cheap interest rate and he was using this money for his own investments. This is what all public eve companies could do because money is fungible.
This is my point and this is why I think how I think about public companies in Eve.
|
Rthor
Gallente
Smugglers Inc.
|
Posted - 2007.08.14 19:39:00 -
[4]
Edited by: Rthor on 14/08/2007 19:39:40
|
Rthor
Gallente
Smugglers Inc.
|
Posted - 2007.08.14 21:17:00 -
[5]
Well additional factor is that some of these people may have quit the game also. Average lifespan of eve account is something like 9 months. So if you borrow money through IPO, pay out 3 percent per month this gives you 33 months before you run out of ISK from the IPO. If your investors have quit, they do not complain, and if they do not complain they have quit. They might come back of course but thats when PR would need to come in.
|
Rthor
Gallente
Smugglers Inc.
|
Posted - 2007.08.15 13:12:00 -
[6]
Rthor Bank IPO
Capital needed: 200B (I need more capital because the more the bank has the more I can loan out and more loans is more money)
Dividends: Guaranteed 10 percent per month
If the bank is a success, as I am just figuring out if there is demand and there seems to be since Eefrit is doing well, there will additional rounds of funding every 6 months also paying out guaranteed 10 percent per month.
|
Rthor
Gallente
Smugglers Inc.
|
Posted - 2007.08.15 16:41:00 -
[7]
Calm down or I will be alone again.
There is no point in saving shareholders if they do not want to be saved.
|
Rthor
Gallente
Smugglers Inc.
|
Posted - 2007.08.15 19:01:00 -
[8]
I remember how you said that you will get all the ISK back for sure and that you were immediately congratulated by a lot of people that you will do it. How is that going?
|
Rthor
Gallente
Smugglers Inc.
|
Posted - 2007.08.15 19:40:00 -
[9]
I am just asking. There was a situation in a past where someone took a big loss because outposts were lost and the person in charge of the public company said do not fret because she will get this money for sure. Then everybody said that that person is such a stand up act. I said how about we wait till that is done before we congratulate that person just for planning. I got flamed for "being mean" to a well meaning person.
It is a similar to what OP is talking about.
|
Rthor
Gallente
Smugglers Inc.
|
Posted - 2007.08.15 19:54:00 -
[10]
OK but you are saying that I should wait before "flaming" but I am not flaming. I am only pointing out that they should wait before congratulating and assuming that the plan will come to fruition.
Now the people who flame me for saying that, should not wait until the plan comes to fruition?
I am not wrong because all I say is that we do not know what will happen. The people who flame me are wrong because even if the plan succeeded I still was not wrong because I did not say that the plan would not work. I only said to wait.
|
| |
|