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Xiano
Gallente Xindustry
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Posted - 2007.08.28 18:06:00 -
[1]
Below are details of my IPO plan for Xindustry.
Please do post constructive criticism, but please don't just pos that I am a scammer unless you a) can prove it, or b) have suggestions as to how I can prove I am not.
Regards, Xiano
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Xiano
Gallente Xindustry
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Posted - 2007.08.28 18:07:00 -
[2]
Xindustry IPO Plan
ò Chapter 1 - Summary of ACME ò Chapter 2 - Background on origins/idea/current business ò Chapter 3 - Corporate Governance ò Chapter 4 - The Business Plan (either beginning or expanding) ò Chapter 5 - Statement of Assets ò Chapter 6 - Full Disclosure of Risks ò Chapter 7 - Full Disclosure of Main and Alts ò Chapter 8 - IPO Phases, Dividends, Market Cap ò Chapter 9 - FAQ
Chapter 1 - Summary of Xindustry
Xindustry currently researches ME and PE on various BPOÆs. We have recently sold our first ME1 Nyx BPC.
Chapter 2 - Background on origins/idea/current business
Xindustry is ran solely by me. The idea of BPO research and reselling is not new, although we feel that there is still space in the market place to make money. Xindustry has been running for over a year now and has made significant ISK for myself and my brother over this time. My brother, Moleh, ahs invested privately from time to time. Xindustry currently owns one Nyx BPO at ME1 and the plan is to expand this portfolio with another Nyx BPO that will be researched to ME1 before copies commence, these copies will be sold by auction. Most profit will be paid out in the form of dividends but some will remain in the business to allow it to expand, ultimately purchasing another mothership BPO, although the decision on the type of this BPO is yet to be decided and will be put up to vote. Any spare ISK will be invested in Capital Component BPOs which will be researched in ME/PE and then sold; any ISK made from such activity will remain in the business.
Chapter 3 - Corporate Governance
Any major decisions will be decided by votes by the shareholders. I do not foresee there being much need for decision making as the process of copying Mothership BPCs is a slow one.
55% of the shares will be held by the corporation, although these shares will not be used to vote except in order to keep myself as CEO if necessary.
I will be buying some shares myself using my personal ISK; I will use these shares in votes.
The only employees of Xindustry are me (Xiano), Xianti, Xichi and Strange. All are my own characters
Chapter 4 - The Business Plan
Total investment will be 20 billion. The Nyx BPO will cost 18 billion. Of the remaining 2 billion, at least 700 million will be kept in reserve to cover ongoing POS fuel costs and to facilitate the purchase of a replacement POS in the event of a war dec and the current pos being destroyed. The rest of the ISK will be spent on purchasing POS defences.
The current Nyx BPO producing a copy once every 62 days selling for a conservative 3 billion. I base this estimate on current auctions and sales on the sell orders forum section. Taking away the running costs of the POS (estimated at 200 Million) this gives a total profit per 28 days of 2.5 Billion ISK. This will be paid out as a dividend to all shareholders and therefore the business will keep hold of 55% or 1.375 Billion ISK. Regardless of how much the copy sells for the entire amount less fuel costs will be paid out to shareholders.
Until the second Nyx BPO comes out of research to ME1 the return will be about 2.6% per month. Once the second print is being copied as well this will rise to 5.6% per month
Chapter 5 - Statement of Assets
1 Shadow Control tower valued at 360 Million 3 Mobile laboratories valued at 180 Million 1 Dominix BPO ME20 valued at 562 Million 1 Megathron BPO ME20 PE5 valued at 945 Million 1 Nyx BPO ME1 valued at 18,000 Million 1 Capital Cargo Bay BPO ME40 valued at 750 Million 1 Capital Construction parts BPO ME50 905 Million Various other low value BPOs 500 Million ISK
Giving an estimate current total value of 22,202 Million
Please note I have valued all BPOs at their unresearched value
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LaVista Vista
Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.08.28 18:09:00 -
[3]
Edited by: LaVista Vista on 28/08/2007 18:09:41 Will you allow in auditors?
And why should one invest in you, rather then a fixed bond, which will give more? And its even fully secured.
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Xiano
Gallente Xindustry
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Posted - 2007.08.28 18:09:00 -
[4]
Chapter 6 - Full Disclosure of Risks
The main in game risk is that Xindustry is War Decced. I hope to mitigate this risk by adding significant POS defences. Of course the BPOs will not be located in the POS so the only losses will be the POS itself and the time wasted on unfruitful research.
Another risk is that when moving the copy from the POS to the station I am attacked. I hope to mitigate this risk by having one of my alts scout the station before the move takes place. Obviously with warp to 0km in place this is a small risk.
The third risk is that everyone and his dog decide to get into the same market. I feel this is fairly unlike due to the large costs involved. If however the market does become saturated I will sell the BPOs and refund all monies.
Real life risks include me being hit by a bus; in this case my brother knows my password and will liquidate the company and pay any remaining ISK to the investors. The 55% the company has will be left to my brother. I have tried to mitigate this risk by looking both ways before crossing the road.
There is very little risk that I will be unable to continue playing due to financial commitments.
If for whatever reason the company fails, I will liquidate all assets and pay out to investors, assuming the BPO prices stay as they are then this will yield a profit for investors over their initial investment due to research.
Chapter 7 - Full Disclosure of Main and Alts
My main is Xiano. He has been in the game since 05/06/2003. He is a Gallente with reasonable security status and 61 Million skill points
My alts are the following:
Xichi (research alt) Xianti (research alt) Strange (Hauling alt, rarely used, inactive)
Chapter 8 - IPO Phases, Dividends, Market Cap
Total Number of Shares 4,444,445
Shares Allocated for IPO 2,000,000 (45%)
Price per Share 10,000
Anticipated Market Capitalization 20,000,000,000 (20 Billion)
Dividend Schedule Each time a BPC is finished
Total Dividend Payment 150,000,000
Projected Return per Dividend Payment (%) (Once second BPO is copying) 5.6%
Projected Return per Share (Once second BPO is copying) 560
Chapter 9 - FAQ
Q: How do I know this isn't a scam?
I would hope that my reputation from when I was doing paid research for people and the fact that I returned all of the BPOs on time will have proved my trustworthy. I am not into PvP so I am unlikely to take all of your money and run off to 0.0 to waste it.
Q: How do you know you'll be successful?
Just looking at the figures and knowing they are conservative shows that this business will be a success. There is going to be a demand for Motherships and therefore blueprint copies for a long time to come.
Q: Why are you doing this?
I have wanted to expand my business for a long time and this looks to be the best way.
Q: Do you intend to have an audit done at some point?
I donÆt feel there is any need for an audit. This is a very simple business.
Q: What's your background?
Mainly research and copying, a little industry. I was once in Ascendant frontier although I felt that 0.0 living wasnÆt really for me
Q: Will you ever buy back shares?
The company has no plans currently to buy back shares from investors although I plan to personally try to increase my own holding in the company by offering to purchase shares whenever I have spare cash.
Q: Will you ever pay over 5.6% dividends?
The dividend value depends entirely upon the sale price of the BPCs so it is quite possible that the dividend payout will be higher than 5.6%
Q: What if someone War Decs Xindustry?
I hope this can be avoided, as there is no value to be gained from war deccing my corporation. I am very rarely out of station, so I would not be a very fun target. I also hope that the fact that the POS is in high-sec and will be well
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Xiano
Gallente Xindustry
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Posted - 2007.08.28 18:11:00 -
[5]
Edited by: Xiano on 28/08/2007 18:11:37
Originally by: LaVista Vista Will you allow in auditors?
Heh, had you read the post in full, and actually let me finish posting it you would have seen that I am not going to.
I honestly feel that auditors are un-nessessery. Either the BPO is there still or it is not. All auctions will be done on the forums (or in game if they do close the sell forums) and will be public. It would be very difficult to hide and misdealing from investors.
[Edit]
However, if you could explain to me why there is a need, I will certainly listen.
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LaVista Vista
Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.08.28 18:12:00 -
[6]
Originally by: Xiano Edited by: Xiano on 28/08/2007 18:11:37
Originally by: LaVista Vista Will you allow in auditors?
Heh, had you read the post in full, and actually let me finish posting it you would have seen that I am not going to.
I honestly feel that auditors are un-nessessery. Either the BPO is there still or it is not. All auctions will be done on the forums (or in game if they do close the sell forums) and will be public. It would be very difficult to hide and misdealing from investors.
[Edit]
However, if you could explain to me why there is a need, I will certainly listen.
So how do we know you wont just run off with the bpo's once you get tired of it?
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Xiano
Gallente Xindustry
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Posted - 2007.08.28 18:18:00 -
[7]
Edited by: Xiano on 28/08/2007 18:20:09
Originally by: LaVista Vista
So how do we know you wont just run off with the bpo's once you get tired of it?
That I guess I should add to my risks section.
I don't know what to say here. I am an honest player. I have had the opportunity to run off with serious amount of ISK on a couple of occasions, once when researching a freighter BPO for a client, and once when doing some manufacturing for a client, neither whose names I can remember (Although the manufacturing job was for someone in HiTrading so I will try to find out who it was and get a reference)
If I were ever to go into anything else it would certainly not be pirating, and therefore I would need trust as part of my new business, scamming the community out of 20b is not a way to earn that trust.
Xiano
P.S
I have added that question to my offline version of my IPO plan
[Edit: Spelling]
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LaVista Vista
Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.08.28 18:32:00 -
[8]
Originally by: Xiano Edited by: Xiano on 28/08/2007 18:20:09
Originally by: LaVista Vista
So how do we know you wont just run off with the bpo's once you get tired of it?
That I guess I should add to my risks section.
I don't know what to say here. I am an honest player. I have had the opportunity to run off with serious amount of ISK on a couple of occasions, once when researching a freighter BPO for a client, and once when doing some manufacturing for a client, neither whose names I can remember (Although the manufacturing job was for someone in HiTrading so I will try to find out who it was and get a reference)
If I were ever to go into anything else it would certainly not be pirating, and therefore I would need trust as part of my new business, scamming the community out of 20b is not a way to earn that trust.
Xiano
P.S
I have added that question to my offline version of my IPO plan
[Edit: Spelling]
My point was, lets say you get tired of it. What makes sure that you dont just run off with the BPO? For 20 bill, its easy to get a nice new character, with alot of SP.
Im not saying your a scammer. Im just asking, because its ultimatively what it comes down to.
Im running a 20bill operation too. And i doubt that i would sell that many shares as i did, if it wasnt because i have my operation overseen by a known person.
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Xiano
Gallente Xindustry
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Posted - 2007.08.28 18:38:00 -
[9]
I understand what you're saying.
However, the act of stealing a BPO is a very quick one. And even with someone else overseeing the operation I don't see how this would stop me from taking the BPO? Or perhaps I am missing something?
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LaVista Vista
Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.08.28 18:38:00 -
[10]
Originally by: Xiano I understand what you're saying.
However, the act of stealing a BPO is a very quick one. And even with someone else overseeing the operation I don't see how this would stop me from taking the BPO? Or perhaps I am missing something?
Just like i do. I have mine locked down by ricdic.
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Hexxx
Minmatar ironwood ink
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Posted - 2007.08.29 01:40:00 -
[11]
Most people who use my IPO Template forget to change the table of contents. Your Corp isn't called ACME is it?
I'll post a bit more constructively in a bit, I'm really feeling sick right now so I can't focus worth a damn.
Hexxx LLP - Business Consulting Services - IPO's, Business Plans, Share/Stock Pricing, and general Consulting.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.08.29 05:25:00 -
[12]
I have dealt with Xiano in-game a few times over the years. He seems like a good character, I doubt this will be a scam.
However,I have to ask. Why are you bothering with lowsec to make copies on the mothership bpo's? Why don't you just use an empire POS to remove that entire risk factor?
Or even, contact me in-game if you want to run your copies through the already established C-R-A, where you can even lockdown the bpo/s for investor confidence. If doing so, the fuel related costs would be far cheaper than running your own, but would obviously need some trust in me if you chose to do so.
Just an idea, I do the same thing with LaVista. Having said that, you may be able to float this offering without the need for a security, but I really want to find out why you aren't using a high sec POS as it seems your venture is adding a far higher risk value by keeping all operations unnecessarily in lowsec.
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LaVista Vista
Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.08.29 05:48:00 -
[13]
I agree. Get a third party to lock it down, and research and copy it. It saves you alot of fuel and expenses for pos.
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Sikozu Prioris
Cirrius Technologies O X I D E
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Posted - 2007.08.29 10:06:00 -
[14]
Edited by: Sikozu Prioris on 29/08/2007 10:05:50 Ricdic the pos is in high sec
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Block Ukx
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Posted - 2007.08.29 12:52:00 -
[15]
IÆm not very familiar with locking down assets, but my impression was that there are ways for a CEO to repossess lock down BPOÆs. Has this changed?
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.08.29 13:32:00 -
[16]
Originally by: Block Ukx IÆm not very familiar with locking down assets, but my impression was that there are ways for a CEO to repossess lock down BPOÆs. Has this changed?
Nope it's still possible (not that I have tried).
I currently lock down about 17b of mine and CAP4U bpo's. Giving myself was an offering and not something he has to do. If he can find a different person to act as trustee if he doesn't want to use me, then I am cool with that
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EMFi Manager
EvE Mutual Fund Inc.
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Posted - 2007.08.29 14:07:00 -
[17]
Originally by: Block Ukx IÆm not very familiar with locking down assets, but my impression was that there are ways for a CEO to repossess lock down BPOÆs. Has this changed?
Yeah, let the Office lapse, and pay for getting the assets without rerenting the office. you will get the bpo's in the CEO's hangar (maybe have to petition it, but that is how it worked) Also the reason that for the BPO's locked with FIN the Trustee actually has CEO...
However with 55% of the shares the CEO could of course unlock the bpo's anyways.
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Icarus Carlyle
Gallente Streel Corporation
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Posted - 2007.08.29 14:35:00 -
[18]
Maybe I'm doing this wrong but I see some problems in your valuation. You list total shares as 4,444,445 and current assets value at 22,202,000,000. The 20 billion invested capital brings it to 42,202,000,000. Divide this by the number of shares total and you get a value rounded down of 9,495 per share. This is a loss to investors right off the bat paying 10,000 isk per share as you listed.
Even after you get the trust and other issues brought up taken care of this seems to be a big problem.
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