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Taikun
Gallente
Serenity Prime
Praesidium Libertatis
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Posted - 2007.10.21 05:43:00 -
[1]
Given that shares are a tool of this game, and it is possible to release more than 50% in an IPO. Has anyone attempted, or been successful in a hostile take over bid?
Or has nobody been foolish enough to release in excess of 50% of shares yet?
If not, then what is the point of shares? In effect they are just glorified loan tokens.
Taikun
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For lack of a better word ladies and gentlemen... Greed is good. |
Taikun
Gallente
Serenity Prime
Praesidium Libertatis
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Posted - 2007.10.21 05:52:00 -
[2]
Edited by: Taikun on 21/10/2007 05:53:52
Actually, the point that's rattling about my head is, shares on IPOs do not seem to reflect the total company valuation. If they did they would be the sum of two parts.
A) The break up value of assets
B) Estimated net return of using assets in perpetuity. (or life of the endevour if known)
So, if we can assume a player will drive a IPO business model for a reasonable amount of time, (12-18 months) IPO share price should reflect this for all shares in total.
I don't see many IPO calculations showing these details. Most IPOs seem to pull numbers out of the air based upon prior IPOs and business ventures. (IMO)
Would this game benefit from a more robust set of revenue generation calculations and by default, a clearer estimation of IPO share values?
Or am I expecting too much?
Taikun
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For lack of a better word ladies and gentlemen... Greed is good. |
Elo span
Best Path Inc.
Ethereal Dawn
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Posted - 2007.10.21 06:25:00 -
[3]
lolwut |
Letias
Caldari
Teikoku Trade Conglomerate
Visions of Warfare
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Posted - 2007.10.21 07:49:00 -
[4]
Well firstly most corps are made for sole purpose of simplifying dividend payouts and tracking. Secondly all the IPO's i have seen that have a corp share structure, the only way to initiate a vote is via the CEO.
You are forgetting that the IPO's in the game are not the same as in the real world, people invest in an idea which is kept secret in most cases (the specifics), the person who starts the business looks for people to help them create the business and they run it completely. If someone manages to get 50% of the shares in an EVE corp it doesn't mean they gain the CEO's trust nor have anymore clout than someone with 1% of the corp, unless there is a shareholder vote. Most of the time you are investing in a person not an actual business, the reason you invested in them is because they are doing something you had not thought of or do not wish to do and you feel that they can pull it off. CEO's don't have to do what their shareholders want as long as they meet their IPO's plans. Look at the 7 pages of ISSO, some shareholders want stins to do more or explain thing but he doesnt have to if he doesnt want to, not saying this is good but its reality.
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Investigador
Caldari
Hator inc
The Omni Federation
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Posted - 2007.10.21 11:54:00 -
[5]
Edited by: Investigador on 21/10/2007 11:56:24
Taikun, the only way to take over a corp in EVE is running for CEO and winning the votation? And you need to be a corp member in order to run for CEO? That gives certain limitations.
This means that you need one of the corp members to have shares and start a vote, then have enough shareholders vote for him.
A version of this is getting a trusted insider to start a vote.
You can get an insider by infiltrating the corp with an alt of yours, or convincing someone already inside.
You can then hand out 1 share to him, and have him start a vote so you and the other shareholders can vote for him.
Once the insider is CEO, you just have to trust that he will do whatever he promised you to do once he became CEO 
That's why most IPO corps are or should be holding corps with only alts from very trusted people.
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SencneS
Amarr
Balsarferskratchin Inc
Axiom Empire
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Posted - 2007.10.21 15:57:00 -
[6]
Only Directors and CEO's can start a vote.
You need the following to happen.
An alt or yourself in the Corporation.
Make sure your alt has any role (Because any director or the CEO can kick you out instantly, even if the vote is currently passing)
Bride a Director to start a vote to make you CEO, make sure the vote is for JUST 1 day otherwise you'd be kicked out  .
Hold out for the timer to expire.
Small problem though the corp has 24 hours to move all their assets to personal hangers.
If you're looking for a Corp that has had a mutual hostile take over look at my corp history. Keepers of the Holy Bagels had a semi-hostile take over. Lord 2evil offered to buy corp shares from the CEO also saying he would buy all the directors shares as well. He got himself into a director position in which he got some shares for that (Basically brought himself directorship). He then spoke to the CEO in which he said he would buy the entire corp. The CEO sold his shares in which he then had 55% of the corps shares. He then created and past a vote to create 5000% more shares totally diluting the Directors shares.
Needless the say the corp tried to run on for a month or two but ultimately failed in the end.  There is a post on COAD about it just look for "Keepers of the Holy Bagel"
Amarr for Life |
Block Ukx
KDM Corp
Firmus Ixion
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Posted - 2007.10.21 16:50:00 -
[7]
 Originally by: Taikun
Given that shares are a tool of this game, and it is possible to release more than 50% in an IPO. Has anyone attempted, or been successful in a hostile take over bid?
Or has nobody been foolish enough to release in excess of 50% of shares yet?
If not, then what is the point of shares? In effect they are just glorified loan tokens.
Taikun
Block Ships and Ammunition Corporation (BSAC) released 100% of its shares.
I don't think any of the shareholders are interested in a hostile takeover.
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