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Stins
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.09.16 21:21:00 -
[1]
We now buy back shares at their value of 10M isk each.
To facilitate this, ISSO has setup a buy order on the RESX.
Please carefully read the instructions on RESX to find out how to exchange your shares to isk.
Stins,
ISS Finance Director
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Asriel Grumman
Minmatar
Hi-Tech Industries
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Posted - 2007.09.16 21:26:00 -
[2]
Very interesting move, a shame in a way as I was buying them at 9mil :)
I hope you are still selling them at 10mil as well, keeping the trade busy?
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Shadarle
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Posted - 2007.09.16 21:27:00 -
[3]
Very nice!
I sense Roemy being EXTREMELY ****ed off right about now since he already sold off all his shares below the 10M value.
I guess we'll see how the next month or two goes... to see how many shares you end up buying back (assuming you will report this number each month in your report). It will definitely bolster confidence in ISSO from those who were a bit on the fence.
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Stacking Penalty / Resists Explained |
Stins
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.09.16 21:36:00 -
[4]
 Originally by: Asriel Grumman
Very interesting move, a shame in a way as I was buying them at 9mil :)
I hope you are still selling them at 10mil as well, keeping the trade busy?
Yeps we're still selling them! The buyback order is just a exit for people that want to get rid of their shares in ISSO. Besides that it is business as usual!
Originally by: Shadarle
Very nice!
I sense Roemy being EXTREMELY ****ed off right about now since he already sold off all his shares below the 10M value.
I guess we'll see how the next month or two goes... to see how many shares you end up buying back (assuming you will report this number each month in your report). It will definitely bolster confidence in ISSO from those who were a bit on the fence.
My intention is to allways keep a buy order up on RESX. When the current one fills I'll setup a new one.
We report the number of shares that are in public hands each month, so that should pretty much tell you how many shares have been bought back by ISSO. If there is demand for it, I can report both bought and sold shares each month.
Stins,
ISS Finance Director
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Ray McCormack
hirr
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Posted - 2007.09.16 21:40:00 -
[5]
Who is buying the shares back? As in, who will own the shares once they have been bought back?
Proud steward of more public ISK than Motivated Prophet. Ask me about Secured ISK Loans. |
Marcus Baltar
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Posted - 2007.09.16 21:40:00 -
[6]
That spoils my below 10,000,000 ISK buy orders 
Actually, if you sell an ISSO share on RESX (after transferring it as the instructions tell you here) you will get 10,000,000 ISK.
However, you will be charged a 0.5% fee to remove this as cash, meaning you will get 9,950,000 ISK transferred to you from RESX.
If, however, you leave the money in RESX it will generate 1% interest monthly (calculated daily) (RESX is not a bank so no moaning about this low rate, and it is more than EGSE pays) enough to cover the withdrawl fee.
However you can use this money to buy and sell shares on RESX immediately, and only when you remove the cash (or deposit more) will you be charged the 0.5% fee - shares transfers are free 
BTW - I just like RESX - I have nothing to do with it. |
Stins
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.09.16 21:41:00 -
[7]
Originally by: Ray McCormack
Who is buying the shares back? As in, who will own the shares once they have been bought back?
They'll be put back into the ISSO wallet.
Stins,
ISS Finance Director
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Roemy Schneider
BINFORD
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Posted - 2007.09.17 00:57:00 -
[8]
naah not extremely ****ed - had it reinvested real quick
good to see some promises remembered though
wish this forum activity would be maintained with less pleasant topics
-
putting the gist back into logistics |
Montaire
Lacedaemon.
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Posted - 2007.09.17 04:49:00 -
[9]
A move I respect. I have a great deal more confidence in ISSO knowing they are willing to buy their shares back.
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Balogh
Gallente
Real-time EVE Stock Exchange
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Posted - 2007.09.17 06:14:00 -
[10]
Originally by: Marcus Baltar
Actually, if you sell an ISSO share on RESX (after transferring it as the instructions tell you here) you will get 10,000,000 ISK (according to the OP) and shown here.
However, you will be charged a 0.5% fee to remove this as cash, meaning you will get 9,950,000 ISK transferred to you from RESX.
If, however, you leave the money in RESX it will generate 1% interest monthly (calculated daily) (RESX is not a bank so no moaning about this low rate, and it is more than EGSE pays) enough to cover the withdrawl fee in 16 to 17 days (approx).
However you can use this money to buy and sell shares on RESX immediately, and only when you remove the cash (or deposit more) will you be charged the 0.5% fee - share transfers are free
Just wanted to confirm this is correct.
Real-time EVE Stock Exchange, Blog
Feature request: Share transfer log |
Serenity Steele
Dynamic Data Distribution
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Posted - 2007.09.17 06:47:00 -
[11]
Nice move Stins.
You've just opened up the opportunity for ISSO shares to exceed IPO value :)
Eve Strategic Maps - Outpost Alert - Sovereign Systems - Alliance Rank |
Friznit
5punkorp
Betrayal Under Mayhem
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Posted - 2007.09.17 23:00:00 -
[12]
Damn. So much for my plan of buying them all cheap when the hate caused the share price to crash 
Nice to see ISSO keeping in touch with things on this forum though. Keep up the good work.
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Montaire
Lacedaemon.
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Posted - 2007.09.18 04:41:00 -
[13]
Originally by: Serenity Steele
Nice move Stins.
You've just opened up the opportunity for ISSO shares to exceed IPO value :)
Thats a good thing, but honestly for me its all about ISSO saying to world "Our shares have value, and you know this, because we ourselves are willing to buy them"
That ISSO is confident enough in their long term share value to actually think its a good investment to hold their own shares is a good thing. In RL Stock Markets many companies dont do this, and when they do its a very good sign. ISSO has inside information on its own operations (of course) and if they are willing to exchange Shares for ISK then it means they have faith that those shares are actually worth the isk they are paying.
All in all, an EXCELLENT move.
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Mark Weston
Caldari
The Graduates
Brutally Clever Empire
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Posted - 2007.09.18 10:20:00 -
[14]
Originally by: Stins
Yeps we're still selling them!
A slight derail to ask where you're selling them. Is the ISSO sale thread still active (and if so, linky please!), or is it just through RESX or EGSE?
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Stins
Interstellar Starbase Syndicate Operations
Interstellar Starbase Syndicate
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Posted - 2007.09.18 17:29:00 -
[15]
Originally by: Mark Weston
Originally by: Stins
Yeps we're still selling them!
A slight derail to ask where you're selling them. Is the ISSO sale thread still active (and if so, linky please!), or is it just through RESX or EGSE?
You can buy shares by simply getting in touch with me, or just send isk and you'll get the shares in 24 hrs :)
Stins,
ISS Finance Director
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