FastLearner
Fury Holdings Brutally Clever Empire
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Posted - 2008.02.11 06:09:00 -
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Edited by: FastLearner on 11/02/2008 06:09:28
Originally by: EBANK Ricdic Ok if I can't get in contact with Feyloan over the next 3 days I will seize his operation and liquidate it (I hold all the assets). Feyloan's job is really simple, to accept a contract for a pile of freighter bpc's, and then sell them. Then pay dividends. Unfortunately its going to be hard to handle dividends as he has created a second corp so I cant just do a share for isk exchange. We need to figure something else out.
Either way, Feyloan advised a dividend would be forthcoming with a statement on the 3rd. It's now the 11th and I don't believe either has been provided. I haven't seen Feyloan on MSN of late either. Obviously he paid for all this with his own RL money so I really hope he comes forward or some sort of information is forthcoming as I don't want to have to liquidate but Feyloan you really need to step up and handle this or I will have no choice but to deal with it myself.
Yeah, the creation of replacement corp confused issue. I haven't really been paying much attention to this thread (as I'm not an investor) but two things stick out to me about the new corp issue:
1. How do you reform a corp on same name? As far as I know, you can't - you have to use a new corp name/ticker. 2. What on earth was the idea behind asking people to mass return shares? There's no tracking of share transfer in Eve - so if you receive back 1000 shares but total claims comes to 1300 you (i,.e. feyloan) have no way to know who actually sent back and who is trying to scam. The ONLY good way to do it is to FIRST send out new shares (on a new corp name) THEN ask for the old ones back. That's what I had to do when I sent some shares to wrong person from Fury Bank.
Incidentally I'm pretty certain feyloan was around earlier today in Fury Bank channel - so he hasn't quit playing. Wouldn't surprise me if he's just totally lost track of who sent back shares and doesn't have a clue what to do - admitting so and asking for people to claim shares would be suicide. Even with a screen-shot of sharehodlers prior to requesting them returned there's absolutely no way to figure out who legitimately returned shares if some people with shares have transferred them to alts and are claiming to have sent them back.
I assume he has a record of who originally bought shares - so the only way around it may well be to trace the shares right from the start. i.e. ask shareholders to detail where all their shares went then refuse to honour any which can't be accounted for. Even that runs into difficulties if a player actually sold their shares to someone else but claims to have sent them back: as it would be apparent one of the two people were lieing (either one player is lieing about not having bought the shares, or the other got his shares from a different character of his own - which is claiming to have returned them) but ALMOST impossible to tell which (if the journal were alive for the period in question then, via API, the purchaser could demonstate payment to the original shareholder).
However you look at it, asking for shares back before issuing new ones was a totally stupid way to do things.
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