EVE Search - [Optech Mineral Ventures] - Results and Announcements

All Channels

Market Discussions

[Optech Mineral Ventures] - Results and Announcements

» Click here to find additional results for this topic using Google

Monitor this thread via RSS [?]

Author	Thread Statistics \| Show CCP posts - 0 post(s)
Professor Bunsen Optech Mineral Ventures	Posted - 2007.10.14 11:20:00 - [1] Reserved
Professor Bunsen Optech Mineral Ventures	Posted - 2007.10.14 11:37:00 - [2] OMV Results - Fortnight ended 14/10/07 Starting capitalisation 10 bil as 10,000 1 mil shares Bunsen holding 5,005 shares, public 4.995, all shares issued Still finalising programming for Eve-Index, it is still "soon" status "Passive" trading generated profits of 210 mil i.e. 2% NAV at start of this week is 10.21 bil OMV will buyback shares at 950k Bunsen
Professor Bunsen Optech Mineral Ventures	Posted - 2007.10.14 20:19:00 - [3] I'm assuming that this is little good humoured trolling There was no commitment to a buyback with this IPO, so the right way to view this is simply as an additional service to investors. As I'm sure you seasoned warriors know only too well it is a pain in the **** to unravel mineral holdings and stock at the drop of a hat because an investor wants their money back. OMV is not a bank IPO, it's not even a unit trust and there is no obligation on a IPO to simply give investors their money back on request at 100% NAV, unless that is the commitment at the outset. I see it as entirely proper that those remaining invested should benefit in this situation, either from selling available shares at a premium to NAV, or buying back at a discount. You may take a different view and line with your dealings, that's your call. Shar, in your last post you as good as imply that the above behaviour was "shady" and "dishonest". It's not, and I'd like you to reconsider those comments. Bunsen
Professor Bunsen Optech Mineral Ventures	Posted - 2007.10.15 07:18:00 - [4] Originally by: Shar Tegral Here there's no smoke, no fire Many thanks for that. Now back to the job at hand.
Professor Bunsen Optech Mineral Ventures	Posted - 2007.10.26 18:33:00 - [5] OPT-M Results - Fortnight ended 27/10/07 Eve-Index programming is completed, final testing planned for this weekend. Some work still to do on help and support pages. Initial mineral options will be in Trit, Pye, and Mex Valuation at start of 2 week period 10.21 bil NAV at end of this period is 10.629 bil, i.e. 419 million increase (net of salary) OMV will buyback shares at 1010k EGSEX listing applied for, awaiting brokers Bunsen
Professor Bunsen Optech Mineral Ventures	Posted - 2007.11.08 21:23:00 - [6] Edited by: Professor Bunsen on 08/11/2007 21:24:10 OPT-M Results - Fortnight ended 9/11/07 Valuation at start of 2 week period 10.691 bil NAV at end of this period is 11.089 bil, i.e. 398 million increase (net of salary) Equivalent 8.8% monthly growth on launch price OMV will buyback shares at 1055k Now RESX listed, thanks Balogh EGSEX listing applied for, awaiting brokers If you've been tracking the Jita mineral prices you'll know thats worth a small Bunsen
Professor Bunsen Optech Mineral Ventures	Posted - 2007.11.19 23:34:00 - [7] Quote: 2007.11.19 18:41 Transstellar has declared war on Optech Scientific. After 24 hours fighting can legally occur between those involved.
Professor Bunsen Optech Mineral Ventures	Posted - 2007.11.20 08:50:00 - [8] Originally by: EBANK Ricdic Originally by: La'yla when should we be expecting dividend payments and the like? Never Correct. Further results will be out next week in-line with the planned fortnightly schedule and they are expected to be in-line with previous performance i.e. somewhere north of 7% monthly growth. Despite the prospectus having been clear about the "no divs capital growth only" nature of the fund it seems that this did not register with a few investors as I've had a couple of messages asking about divs. As a general strategy (though not a prospectus commitment) I plan to maintain a buy-back price of around 3% under NAV (Eve mail me directly if you wish to avail yourself of this) and if any investor wants to sell back shares and gives me a couple of weeks notice I will try to get closer to a NAV price if you give me some (1 week +) notice. That would rather depend on the value of shares your talking about (less = easier to accomodate). Hope that covers all the bases. As always if an investor has an issue, contact me directly please.
Professor Bunsen Optech Mineral Ventures	Posted - 2007.11.21 08:45:00 - [9] Edited by: Professor Bunsen on 21/11/2007 08:45:00 Originally by: Angelic Black Is your goal to eventually buy back all the shares? I.E. is there a time line in place or are you going to offer shares for sell throughout the process? Example, I own 50 shares right now which were purchased at the IPO Launch. Someone else decides that they are ready for their money and they sell the shares back to you for 1.25 million. Will you in turn put those shares back for sell at the new NAV or keep them until you have privatized the entire operation? Also, is there any way for people to make secondary and tertiary bets on this stock? Example being that I have X number of shares now that I would like to sell because I need/want to buy a new battleship etc...and in two months time I want to repurchase those X number of shares back again. Will I have to go through you for all these transactions and will you even let me do this? If shares are bought back I will offer them for public sale, as I would like to maintain rather than increase my 5bil position. My reason for not increasing my own holding is that I value the risk sharing of that position which will be important when I move the fund to option trading. As stated above I would buy back as close to NAV as I can get for you, taking into account the notice you give and the size of the shareholding. TBH 50 is doable instantly, but if someone wanted to sell back a bil I would have to unravel some positions. I would probably put the shares up for sale on RESX at a premium to NAV as the best means of optimising shareholder value, however as we are listed you might be best advised to do the same. In effect the corp buy-back is simply giving you liquidity. As far being able to get hold of future stock I think you're looking at a RESX buy order to tempt others to sell.
Professor Bunsen Optech Mineral Ventures	Posted - 2007.11.22 10:28:00 - [10] Originally by: Daeva Vios but throwing your shareholders a bone like this would not be remiss, imo. The bone I'm currently throwing investors was 8.8% last month, a corp buyback of 3% under NAV, an offer of a buyback of closer to 100% NAV if investors give me 1-2 weeks notice of their wish to sell. As I suggested above, I would suggest a RESX buy order where you may find someone willing to take on some this skeletal offering at a premium to NAV. If my bone gets bigger I can promise investors they will be the first to know. Other than that there are currently no other bones on offer. Bunsen
Professor Bunsen Optech Mineral Ventures	Posted - 2007.11.22 12:23:00 - [11] Nice offer, and many thanks for that Ricdic. So now we have 3 buy-back options:- Immediate purchase any amount @ 95% NAV from EBank Global Domination Enterprises Immediate purchase up to 100 mil total/week @ 97% NAV from Optech Delayed purchase 2 weeks notice any amount @ 99% NAV from Optech I think this subject is probably DONE now and I'm considering getting OPTECHs famously thorough complaints department onto the next "suggestion". If you remember they charge 10 mil per post Reminds me of the saying "Customer service is like shagging a gorilla. You don't stop when you're satisfied, you stop when the gorilla is satisfied"
Professor Bunsen Optech Mineral Ventures	Posted - 2007.11.22 16:19:00 - [12] OPT-M Results - Fortnight ended 23/11/07 Valuation at start of 2 week period 11.089 bil NAV at end of this period is 11.394 bil, i.e. 305 million increase (net of salary) Last months growth 7% on launch price OMV will buyback shares at 1105k EGSEX listing applied for, still need 1 more broker Bunsen
Professor Bunsen Optech Mineral Ventures	Posted - 2007.12.01 14:32:00 - [13] Corp bought back 200 shares from Sgt Jonez. Selling them on as 2 blocks of 100 by auction in game. 7 day auctions set by corp "Optech Mineral Ventures" and is for 1 scourge missile. I'll transfer the auction winner the 100 shares.
Professor Bunsen Optech Mineral Ventures	Posted - 2007.12.02 09:47:00 - [14] Read above re buyers. You are 1 week into a fortnightly reporting cycle, last NAV 1.139 a week ago so you will find easy buyers for 50 at 1.14 mil isk /share or more (including OPTECH itself). i.e. 14% since launch.
Professor Bunsen Optech Mineral Ventures	Posted - 2007.12.06 18:17:00 - [15] Edited by: Professor Bunsen on 06/12/2007 18:19:19 OPT-M Results - Fortnight ended 7/12/07 Valuation at start of 2 week period 11.394 bil NAV at end of this period is 11.997 bil, i.e. 603 million increase (net of salary) 28 day NAV growth 9.1% on launch price 28 day ROCU 7.57% OMV will buyback shares at 1.199 mil/share EGSEX listing given up on, 2.5 months waiting for 2 brokers ftl Bunsen bought back 1600 shares over the last fortnight at close to the last published NAV. I wish to maintain my % shareholding at 51% and so these are now offered for re-sale to the public, Eve mail bids over 1.2 mil per share to me please and they will go to the best bidder(s). Bunsen
Professor Bunsen Optech Mineral Ventures	Posted - 2007.12.22 11:16:00 - [16] OPT-M Results - Fortnight ended 21/12/07 Valuation at start of 2 week period 11.997 bil NAV at end of this period is 12.166 bil, i.e. 169 million increase (net of salary) 28 day NAV growth 7.7% on launch price 28 day ROCU 6.35% OMV will buyback shares at 1.2 mil/share Bunsen OPT-M Results Eve-Index Traded Mineral Options Tutorial
Professor Bunsen Optech Mineral Ventures	Posted - 2008.01.04 21:32:00 - [17] OPT-M Results - Fortnight ended 21/12/07 Valuation at start of 2 week period 12.166 bil NAV at end of this period is 12.628 bil, i.e. 462 million increase (net of salary) 28 day NAV growth 6.3% on launch price 28 day ROCU 5% OMV will buyback shares at 1.25 mil/share Bunsen OPT-M Results Eve-Index Traded Mineral Options Tutorial
Professor Bunsen Optech Mineral Ventures	Posted - 2008.01.10 19:43:00 - [18] Edited by: Professor Bunsen on 10/01/2008 19:47:59 6 day shareholder vote called today. Message as follows ... "Eve-Index is ready for launch. The profits generated so far for OPT-M have been from normal mineral trading on the markets, done simply to maintain value for investors. I am proposing a one off dividend to return the share value to the nominal starting value of 1 million." Share price at launch was 1 mil, at last valuation it was 1.263 mil so the dividend would be 263k per share. Shareholder sales have released 1650 shares which would be sold post dividend at the original IPO price of 1 mil/share effectively returning the fund to its planned 50/50 public/private ownership (and 10 bil value) prior to Eve-Index launch. Bunsen OPT-M Results Eve-Index Traded Mineral Options Tutorial
Professor Bunsen Optech Mineral Ventures	Posted - 2008.01.11 10:23:00 - [19] Edited by: Professor Bunsen on 11/01/2008 10:23:40 Originally by: Raskor I wish to place a reserve for 100 of those shares, if you might approve. Thats fine Raskor, please note shares will either be at this weekends NAV which will be around 1.3 mil or ex dividend at 1 mil depending on outcome of shareholder vote. 1550 shares remain available. OPT-M Results Eve-Index Traded Mineral Options Tutorial
Professor Bunsen Optech Mineral Ventures	Posted - 2008.01.11 20:37:00 - [20] All available shares are now reserved. Reservations taken in order for the 1650 shares available... Raskor 100 Dougalar 250 Feyloan 250 Rix Machur 100 (14.57 evemail) Prokonsul Piotrus 250 Dreysine 300 Verreuchter 100 (17.35 evemail) Titus Lewis 300 --- All reserved --- Verschwenderisch 150 Thank you for the reservations. Please do not send isk now. Verschwenderisch. I returned your 150 mil but will hold you as first reserve in case anyone above you does not take up their reservation. The shareholder vote ends 19.27 on the 16th Jan so I will post again after this to ask for payment for the reserved shares. There are a few names in the above list I do not know from past dealings, which is great but please make sure you have read the IPO launch post. In summary the 10 bil fund will be used to speculate on mineral prices and I may get my predictions wrong so (slightly unusually for an Eve investment) the share value may go down as well as up. OPT-M Results Eve-Index Traded Mineral Options Tutorial
Professor Bunsen Optech Mineral Ventures	Posted - 2008.01.12 21:47:00 - [21] OK so select a couple of items Benvie, give me a couple of months data for daily price and I'll add it. I aim to please :) OPT-M Results Eve-Index Traded Mineral Options Tutorial
Professor Bunsen Optech Mineral Ventures	Posted - 2008.01.16 22:56:00 - [22] OPT-M Results - Fortnight ended 12/1/08 Valuation at start of 2 week period 12.628 bil NAV at end of this period is 12.988 bil, i.e. 360 million increase (net of salary) 28 day NAV growth 8.2% on launch price 28 day ROCU 6.3% Result of corp vote Dividend out profits so far before launch of Eve-Index 73.7226277372 % (10.1/13.7) Retain profits and accrue value as growth fund 26.2773722628 % (3.6/13.7) Accordingly 2.988 bil was distributed to shareholders as dividends. NAV is now returned to the launch value of 1 mil isk/share. The share reservations above are now able to be processed. If you reserved shares please send isk to Professor Bunsen (1 mil isk/share). Bunsen OPT-M Results Eve-Index Traded Mineral Options Tutorial
Professor Bunsen Optech Mineral Ventures	Posted - 2008.01.17 20:51:00 - [23] No problem. Waiting on isk from Dougalar 250 Feyloan 250 Rix Machur 100 OPT-M Results Eve-Index Traded Mineral Options Tutorial
Professor Bunsen Optech Mineral Ventures	Posted - 2008.01.31 21:22:00 - [24] OPT-M Results - Fortnight ended 1/2/08 Valuation at start of 2 week period 10 bil NAV at end of this period is 10.458 bil, i.e. 458 million increase (net of salary) 28 day ROCU 6.48% Full results history Activity on Eve-Index is not picking up as hoped and consequently the profits continue to represent old fashioned trading, and in a falling mineral market. This is not fun, and whilst I am able to generate a return it is nowhere near my ambitions. I am going to chalk this one down to experience and at the end of Feb when the current mineral options expire I expect to be winding up OPT-M and buying back the shares at full NAV. The difficulties in getting substantial usage of the fairly esoteric concept of an options market were anticipated. However I still wanted to give it a try and I got great satisfaction from solving the problems and making the market software actually work. There are elements of the coding for Eve-Index that will be cannibalised for another project so all is not wasted. Bunsen [Eve-Index][Traded Mineral Options Tutorial]
Professor Bunsen Optech Mineral Ventures	Posted - 2008.02.12 22:29:00 - [25] Originally by: Dougalar Any news on this? What news are you looking for? I think the quote you quoted is pretty self explanatory, but if you have a specific query fire away! [Eve-Index][Traded Mineral Options Tutorial]
Professor Bunsen Optech Mineral Ventures	Posted - 2008.02.17 17:55:00 - [26] Final valuation for the fund is a whisker off 10.8 bil. Total profits for the fund since 1 Oct 07 was a fairly respectable long term average of 7.6 % per 4 weeks. OPT-M is now officially winding up and the full value of the fund will be paid out as dividend over the next 2 days. [Eve-Index][Traded Mineral Options Tutorial]
Professor Bunsen Optech Mineral Ventures	Posted - 2008.02.19 22:05:00 - [27] Final dividend of 10.8 bil paid out to shareholders. This corporation is officially closed and the shares have no value. Balogh has been asked to kindly delist from RESX. Thank you for flying with OPTECH. I'm disappointed this was "respectable" rather than "awesome" but thats the way the cookie crumbles sometimes. Eve-Index will run until the end of the option expiry on 31 Feb 08 to honour all existing commitments. Bunsen will ride again [Eve-Index][Traded Mineral Options Tutorial]

COPYRIGHT NOTICE
EVE Online, the EVE logo, EVE and all associated logos and designs are the intellectual property of CCP hf. All artwork, screenshots, characters, vehicles, storylines, world facts or other recognizable features of the intellectual property relating to these trademarks are likewise the intellectual property of CCP hf. EVE Online and the EVE logo are the registered trademarks of CCP hf. All rights are reserved worldwide. All other trademarks are the property of their respective owners. CCP hf. has granted permission to EVE-Search.com to use EVE Online and all associated logos and designs for promotional and information purposes on its website but does not endorse, and is not in any way affiliated with, EVE-Search.com. CCP is in no way responsible for the content on or functioning of this website, nor can it be liable for any damage arising from the use of this website.