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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.11.13 09:54:00 -
[1]
You can't split dividends between different types of shares. However upon liquidation you can just have the shares in the corp wallet, and keep paying dividends until all the money is gone.
I know I read this plan pre-launch but I will ask these as I forgot earlier:
1) Will the BPO's be locked down in your corporation? So basically as investors will we actually see the BPO lockdown vote? Whilst there is an unlock bpo bug that can be bypassed, it is an exploit and CCP get involved if done. So this can add a little bit of security to your plan, and make people feel fuzzy inside if possible
2) Even though you are giving per-sale dividends will you provide monthly update/reports etc?
3) I would have brought this up with Synergy but I only found it today and kept the page handy as I knew your offering was gonna show.
dev post found here
Originally by: CCP Nozh I think Chronotis did some magic to the BPO's to increase the success rate up to almost 100% as with the invention success rate
This was in direct relation to a question posted about the long copy times on freighters as an alternative to dropping their copy time. Do you expect this to have an impact on your operation if it takes effect, and if so do you believe it could be positive or negative?
Best of luck with the operation. I have spent some time with Feyloan in channels for quite some time and he was annoyed that someone else actioned almost the exact same plan that he was brewing up. Obviously it's no-one's fault just unlucky.
So, it's an unsecured IPO. I explained to him he may have some problems selling out due to the previous one, and the fact that this one isn't secured, and that he may need to decide on ways to make this one stand out differently to the Synergy one to promote it better. This is where the dividend per sale idea was adopted. With copies your prices are somewhat fixed so they actually have the ability to adopt this kind of dividend system. I think some people who like constant isk deposits will like this a bit more.
I think it will be fantastic having 2 almost identical corps, to compare the way they run and operate, to compare their performance levels etc. I also think having them both run by competent people we will see them competing against each other (in a friendly way) more to provide higher income to their investors.
Anyway, that's my take on it. EBANK have limited their investment to 250m due to the potentially lower returns and the lack of security. I personally haven't invested as this month is dedicated to finalising C-P-H.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.11.13 10:44:00 -
[2]
Well having the security is all well and good, but I probably wouldn't put my hand up. I have secured a lot of operations of late and people probably want some new options as more and more isk is in my hands (God knows, it's probably gone from about 65b 3 months ago to around 100-130b today).
My lockdown question was in regards to you locking them down within your own corporations (no external security parties). As long as it is done within the same corporation. Anyway, if you do want to do that security thing Feyloan, feel free to contact me or anyone else who offers it. I wouldn't call it a requirement, just a quicker way to sell your shares. I reckon you will sell them regardless but it's your call.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.11.25 17:01:00 -
[3]
Yeh I really hope for Feyloan's sake that this is a fake. We only have a small amount invested but really to move 10.5 billion isk worth of goods in a 7,000 isk ship with a character that likely has the default 800,000 skill points, WHILST being on autopilot or AFK.
This is why I won't be investing in a lot of the newer corporations. The trust thing I can take the chance with, but I feel these new people aren't valuing the isk as if it were their own. They see it as a windfall and make stupid decisions.
It's like RL where your parents buy you your first car, you don't really respect it until you have had to work your ass off to buy another car yourself.
It really should be the complete opposite with public people. You shouldn't put less effort in because you didn't earn the money. You should put more effort in because other people trusted you with it, and it is their money. Tree is right above as well with the all eggs in one basket thing.
So harcore mistakes:
1) 10.5b worth of blueprints in one ship 2) Ship valued at 8,000 isk 3) Person either on autopilot or AFK. This is known as there is no way someone could scan and attack that shuttle if it had a pilot at the wheel warping to zero. A smartbomb attack sure, but this was a stealth bomber
Anyway, will wait for response but I have already written this off. Very disapointing as I had hoped Feyloan would really shine with his business.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.25 19:15:00 -
[4]
Originally by: Shadarle
1. continue with whatever BPO's you still have (if you still have any)
Based on what I remember of remaining assets, there would be a POS and a few advanced labs left, all bpo's would have popped.
Quote: 2. you can decide to liquidate what you still have and pay back at least a tiny bit of investor money
This might be our option. Looking at about 8-10% of our investment back.
Quote: 3. you could try to raise more capital
Dunno, he had a hard time raising the first batch, and after something like this occuring I don't like his chances of getting more isk. Plus his original business plan would basically be pushing it to meet a 5-7 percent margin. If we double the IPO, then you have to meet basically double the repayment which isn't possible on these freightor bpo's.
I really don't see a whole lot of options. You can spend the next year or however long it takes working back people's money, that would work. Dunno but it's a really bad spot to be in at this point.
I would chill a bit on the defensive side, Shadarle had some good points in there and as much as I don't like to say it, those shuttle remarks will be coming for weeks to come if not months. But as Rambling Man said above, props to you for coming back and trying to figure out a way to resolve the issue, it wasn't really expected but is great to see.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.11.26 03:20:00 -
[5]
Just wait and see what he comes up with
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2007.11.26 07:18:00 -
[6]
Yeh we have been looking into alternative ways to resolve this situation in game. Nothing else will be mentioned on the matter, except that we have been looking at options. They may or may not come to fruition but let's let him have his 1-2 days
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.26 13:58:00 -
[7]
Anyone interested in selling their shares as a result of this can sell them to me for 800k per share. This is of course a personal offer and not in any way related to EBANK/C-R-A/TCCS/C-P-H/etc
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.26 18:15:00 -
[8]
Yeh the idea at this point is to try and limit the Wylker affect. I have a fair bit of spare personal isk available so can take a risk with that buyback. Obviously it's all hinged on your success or failure 
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.27 03:43:00 -
[9]
Originally by: Kylar Renpurs Ironically, (and I'm not suggesting anything, i just think it'd be damn funny) if Bakimi was an alt of ricdics, and he's now collecting back shares at a fraction of the initial price in order to "wash things over cleanly" and earn 20% of the total investment 
Haha that is awesome, but no I am not that smart.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.27 06:16:00 -
[10]
Yeh I offered the buyback because I am fairly confident in Feyloan's skills to resolve the situation. Obviously other's aren't and I don't really want this thread to end up like Wylker's one. As I said when I first bought into it I do see the potential for Feyloan in this industry. He made a fatal mistake but the true testament will be seeing if he can recover from it.
Just coming back here and looking for resolutions shows that he doesn't want a tarnished reputation and my chats with him on msn and in-game lead me to believe he is going above and beyond the call of duty to try and fix the problem.
As was seen by Riethe, I could be wrong again which is why I am only buying back at 80%. Unfortunately the Riethe scam made me step back and look at those around me in a whole new light, people I have known and trusted with billions for years with me having to double question the trust etc. It's a good and bad thing but I hate having to do it.
Anyway yeh I could just buyback on all different toons it wouldn't matter and isn't enforcable. If anything I would see the Feyloan restriction of 1000 on me as a way to try and limit any fallout I recieve if he cannot resolve the situation.
Either way, I didn't get into the financial position I am in now by not taking risks. CCP made this game with Risk Vs Reward in mind, and even though they have had near zero hand in the MD portion of Eve over the years, Risk Vs Reward is still very much an important factor.
My reward if my belief in Feyloan is correct, is that those 5% minimum repayments go up to 6.25% minimum if Feyloan recovers and continues to meet repayments. If not and he liquidates then I get a higher amount back.
Liquidation at a loss or complete failure/scam is the adverse end of the scale. Time will tell but I can afford the loss if it occurs.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.27 08:10:00 -
[11]
Insider trading 4tw. Sell me your shares under priced.
Nah, I just know what he is trying to accomplish. If all that fails then I lose a lot more than the 20% discount for doing this buyback 
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.28 00:54:00 -
[12]
If you can afford to do it, why not. Sometimes I fork out on GTC's for resale if I need an isk boost and don't feel like asking the public. This is basically the same thing (pretend CCP have put his wallet in negative 7 billion and it doesn't seem so bad).
We have been chatting about this for a few days now and it was completely his decision. Not wanting to capitalise off his RL expenses I also have an express deal that when it comes time to shut down shop or buy out his corp, he buys my shares off me at 85% of initial value (as I done the buyback at 80% for others).
My buyback offer still stands, and will rise to 98% once I have the secured freighter bpo's in the C-R-A corp hangar locked down with the EBANK stamp of secured approval.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.28 01:04:00 -
[13]
Originally by: Astorothe Eve will no longer be just a game if you do this and spend that sort of cash on GTCs. You're going to feel dirty for a long time :)
It's only money You guys make out like his kids will miss xmas because of this. I am not trying to devalue what he is doing as it is a lot.
But think of this.
He could:
a) Cut his losses and lose his reputation b) Call failure and have no-one ever invest in him again c) Grind for the next year to try and sc*****isk together to repay investors d) Dig into a spare savings fund so he doesn't need to grind or lose his reputation.
"Feel Dirty" is a little OTT imo. I feel dirty when my wife does the Xmas shopping and I find she forked out $1200 AUD on a few too many presents. 
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.28 05:09:00 -
[14]
Originally by: northwesten
yer I see your point but I would rather work his way back to the shares much as it can. I mean Its all really nice he paying RL for this but again I dont agree! It's happened he got ganked so I would rather him trade and such to gain the money back. Hell if there going to be a delay fine!
He 'chose' to do things this way. I didn't force his hand nor did anyone else. I did recommend he work it off over time, or just shut the business down as a failure but he didn't want to let his investors down.
Quote: Using RL cash and GTC out of the problem i don't agree! If i ever lost crap loads of isk I slowly make it back to the investors in game. That way your rep can rebuild because people will see your making n effert.
Sure, either way works. Doing the long haul both makes you have a huge grind, and likely means you still let down your investors because you don't meet the same repayments that you would have if you actually had the 10b. I would normally recommend a write-off in the event of a suicide gank however the reason the suicide gank happened was because not 1 but 5 freighter bpo's were in a shuttle. Had there been a freighter gank with 1 bpo in it then loss could be recouped.
Obviously the OP made a fatal mistake. He is willing to pay for that mistake. The means he chooses to do so should be irrelevant.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.28 05:53:00 -
[15]
I don't see why he would go to the effort of saying it if he wasn't following through with it. He was waiting specifically for the response from his petition as he told me in MSN. When he got the response he had his update here within an hour or so.
Either way I was advised that if the petition failed he would look towards using RL to fund his operation.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.28 13:50:00 -
[16]
Originally by: Block Ukx
He made a big mistake by moving the BPOs in a shuttle. Now he is about to make a huge mistake by purchasing GTCs.
So, EBANK made a terrible mistake spending $200-$300 USD on website hosting and the likes? Chribba made a terrible mistake with eve-files and his other projects? It's all about priorities. Eve Online is a hobby and the cheapest one I have ever had in my life.
I don't see why it's a big deal. It's not your money. Would you prefer a scam?
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.11.29 04:37:00 -
[17]
He made a mistake and he paid for it, literally. Due to the efforts he has taken to resolve the issue I am willing to give him another chance to prove himself albeit under much stricter guidelines than the first (me handling transportation of the bpo's etc, and my towers being utilised instead).
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.12.04 15:40:00 -
[18]
I am holding off on buy orders pending contact with the OP.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.12.05 01:13:00 -
[19]
Actually yes I am in the market to buy 5 * 90 day gtc's. But I thought you were doing it with 30d ones so I haven't bothered approaching you
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.12.06 02:42:00 -
[20]

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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.12.12 23:36:00 -
[21]
I just wanted to post here to say that a few days ago I recieved the funds to replace 5 of the blueprints. I have done this (so I have about 9b of the IPO fund in my possession) and am just waiting for a couple more prints and the POS modules before work starts.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2007.12.21 16:59:00 -
[22]
I agree completely with the above. I know precisely what is going on and what point we are up too but don't feel it is in my place to state it. This is Feyloan's corporation and he should be making the announces. Next time I see him online I will push him to post here and give a proper update.
If one hasn't been made within the next couple of days I will do so myself. Things I can say now:
1) 6 bpo's locked down within C-R-A. 2) Copying hasn't yet started 3) No infrastructure required, will use existing C-R-A tools to save on fuel costs etc (C-R-A will of course charge for usage)
I have already said too much . But if I was in your position (investors) I would want to know this information asap as well.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2008.02.11 17:36:00 -
[23]
What were the problems? As someone who has dealt in shares in a good 5+ public operations I am curious to know what possible bug could require a new corp to need creation.
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2008.02.13 00:26:00 -
[24]
Good to see you are still alive and well. Are you forcing the need for me to do a share exchange or will you just send me the new ones as replacements for my old ones on hand?
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Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
|
Posted - 2008.02.24 17:37:00 -
[25]
I just advised Feyloan of this post, he should respond very shortly.
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