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Bakimi Ghevorchal
Praetoria Holdings
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Posted - 2007.12.27 11:42:00 -
[271]
First all, hope you all had a nice Christmas. As for an Update, we now have 6 BPOs copying, the first dividends will be paid end of January, latest very start of February. This is a delay of approx 3 weeks on original plan, but all things considered, I hope this is an acceptable delay after all that happened.
The 7th BPO will be aquired and start copying by New Years. ------
CEO of Praetoria Holdings, a Public Company |
Daeva Vios
Ares Arms and Modules LLC
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Posted - 2007.12.27 13:47:00 -
[272]
A little late is better than nothing.
Consider that folks here have gone through a string of scams recently. If you pay out (even a little late) you'll come through smelling like roses.
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Mr Horizontal
Gallente KIA Corp KIA Alliance
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Posted - 2007.12.27 14:50:00 -
[273]
Good to hear everything's working OK Feyloan!
Am I right in thinking that the first divi will come when this 7th BPO is successfully copied for the first time? In which case, would you mind terribly if we had a screen shot of the Science & Industry jobs showing the work being done? --- meh. |
Ricdic's Hoe
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Posted - 2007.12.27 19:48:00 -
[274]
Originally by: Mr Horizontal In which case, would you mind terribly if we had a screen shot of the Science & Industry jobs showing the work being done?
I can provide this. Here you go
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Ishina Fel
Caldari Synergy. Imperial Republic Of the North
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Posted - 2007.12.28 01:06:00 -
[275]
w00t!
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Bakimi Ghevorchal
Praetoria Holdings
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Posted - 2007.12.29 12:58:00 -
[276]
Edited by: Bakimi Ghevorchal on 29/12/2007 12:58:10
Originally by: Mr Horizontal Good to hear everything's working OK Feyloan!
Am I right in thinking that the first divi will come when this 7th BPO is successfully copied for the first time? In which case, would you mind terribly if we had a screen shot of the Science & Industry jobs showing the work being done?
The plan of this IPO is to pay a divi whenever a BPC is sold, so when the fist copy is there, it will be contracted, and when sold the isk will be split 75/25 for dividend / debt repayment & cost covering.
So expect iskies start of Feb at the latest, probably end of Jan, and then steady dividends up to 7 times a month (there will be then a summation / monthly report both in the Mailing list and in the Forums).
P.S.: Ric, loving the Screenshot ------
CEO of Praetoria Holdings, a Public Company |
Atherin Gaius
Caldari Domini Umbrus VENOM Alliance
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Posted - 2007.12.29 18:20:00 -
[277]
Originally by: Bakimi Ghevorchal Edited by: Bakimi Ghevorchal on 29/12/2007 12:58:10
The plan of this IPO is to pay a divi whenever a BPC is sold, so when the fist copy is there, it will be contracted, and when sold the isk will be split 75/25 for dividend / debt repayment & cost covering.
So expect iskies start of Feb at the latest, probably end of Jan, and then steady dividends up to 7 times a month (there will be then a summation / monthly report both in the Mailing list and in the Forums).
P.S.: Ric, loving the Screenshot
What is the name of the maillist that you are sending the reports to? I want to add it in my mail window. thanks!
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Ishina Fel
Caldari Synergy. Imperial Republic Of the North
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Posted - 2007.12.30 22:43:00 -
[278]
The mailing list's name is the same as the corporation: Praetoria Holdings. Very easily found by going to the first page of this thread, pressing ctrl+F, and typing in 'mail', btw
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Bakimi Ghevorchal
Praetoria Holdings
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Posted - 2008.01.08 23:51:00 -
[279]
Originally by: Ishina Fel The mailing list's name is the same as the corporation: Praetoria Holdings. Very easily found by going to the first page of this thread, pressing ctrl+F, and typing in 'mail', btw
Well there you go, I didn't know that, you learn something new every day...
So I have sobered up from Ishina's wild New Years Party now (), and just wanted to say all is well, just waiting on first bunch of copies (Yes, 33 Days is a long time when essentially nothing will happen, this was however clear from the outset...).
Any Questions, feel free to talk to me at some point in-game, eve mail or convo if I am on (Feyloan is on mostly, this guy gets checked once a day for mails and such).
Also, at this point, however belated, HAPPY NEW YEAR to all investors and anyone who stumbles across this thread and actually makes it this far ------
CEO of Praetoria Holdings, a Public Company |
Astorothe
Aperture Science Industries
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Posted - 2008.01.16 07:56:00 -
[280]
I kinda like the way this worked out in the end - not ideal, but under the circumstances it looks good. It will be interesting to see what the dividends are.
Eve Corp and Fansite Web design, development and hosting services |
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Bakimi Ghevorchal
Praetoria Holdings
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Posted - 2008.01.16 08:39:00 -
[281]
Originally by: Astorothe I kinda like the way this worked out in the end - not ideal, but under the circumstances it looks good. It will be interesting to see what the dividends are.
Definately not ideal, due to approx 3 weeks delay and me having to foot the bill, however, the first batch of copies are due the 25th. So anytime after that, Iskies will start rolling in, with 75% of each sale going back to investors (the other 25% covering costs and paying back a loan a player gave the corp for free, this has already been posted by me).
There will be an announcement very shortly in this thread about one final problem faced, which cannot be solved by CCP (the reasons for which completely elude me). ------
CEO of Praetoria Holdings, a Public Company |
Herodian
Minmatar Gladius Noctem
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Posted - 2008.01.18 11:27:00 -
[282]
Originally by: Bakimi Ghevorchal
There will be an announcement very shortly in this thread about one final problem faced, which cannot be solved by CCP (the reasons for which completely elude me).
very shortly is not more than 1 day in my book....
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Minerva Vulcan
Caldari The Nexus Foundation Endless Horizon
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Posted - 2008.01.18 11:59:00 -
[283]
Originally by: Herodian very shortly is not more than 1 day in my book....
Two days tops in mine. _______________________________ I need new voices in my head, To speak my secret evils with. I need new lovers in my bed, To be my friends and special pets. |
Bakimi Ghevorchal
Praetoria Holdings
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Posted - 2008.01.18 12:55:00 -
[284]
Well im my books it was "before the weekend", sorry, next time I will write that instead
OK, first of all, before all panic ensues due to this announcement, remember that the assets are locked down in CRA and not in Praetoria Holdings, so the assets are secured. Praetoria Holdings is only for dividend purposes.
There was an issue with a share transfer which CCP could not solve, inexplicable for me, because it was clear what had happened and it would have been so easy to solve. However, due to this, Praetoria Holdings has to be re-formed, which means that Bakimi will stand down as CEO today, and after the 24 hour period will exit the corp and reform it. Then shares will be recreated and distributed to share holders.
I apologise for any inconvenience, but this will have no affect on anything to be honest, you will get your shares, and the dividends once the first round of copies is made.
Any shareholder who has a problem with this, please contact me to resolve it on my main, the corp will buy back shares at 110% of anyone who wants to get out as well. ------
CEO of Praetoria Holdings, a Public Company |
VO Mathilda
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Posted - 2008.01.21 13:29:00 -
[285]
250 shares sent back. Waiting on the switch.
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Reeze Calban
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Posted - 2008.01.22 17:29:00 -
[286]
I've sent back my 20 shares, awaiting new ones
Originally by: ufl Holy trolly molly.... this is just sad. I work too hard for this kind of harassment... Sheesh.
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Reeze Calban
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Posted - 2008.01.22 19:52:00 -
[287]
New shares have been received, thanks Bakimi
Originally by: ufl Holy trolly molly.... this is just sad. I work too hard for this kind of harassment... Sheesh.
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Herodian
Minmatar Gladius Noctem
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Posted - 2008.01.23 20:18:00 -
[288]
just a confirmation that i have received the new shares :)
Good luck with the venture and may the payment of dividends be swift and plentifull..
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Ghost Emperor
Amarr EvE Mutual Fund Inc.
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Posted - 2008.01.23 22:58:00 -
[289]
If you have some extra shares or any returned from the buyback offer then EMFI would be interested in having a taster investment in your enterprise...please eve mail if you have some spare :) Cheers, Ghost
EvE Galactic Stock Exchange and Real-time Eve Stock Exchange EMFI blog at: http://emfi.blogspot.com/ |
EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.01.28 03:19:00 -
[290]
Originally by: Ricdic 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.
This is for Mtber
Originally by: Ricdic 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 Smile
And another condition to my buyback of those shares
Originally by: Ricdic 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).
So, simply put he told me what he wanted to do. I told the public that he had a few ideas but I would offer the buyback for those who wanted to get out. At the time of my offfer there was still every chance that he wouldn't follow through with his chosen resolution (buying of GTC's) and would just vanish. I felt there was still a fairly good chance of success so I took the chance. But there is no doubt I was taking a risk I definetly was worried.
Anyway as per above I offered Feyloan the option to buyback my shares at 85% of cost as I know he had a RL expense in all of this. I got them cheap, am happy to get a higher interest rate as a result,but will sell them back to him at a price similar to purchase price.
Mtber seems a little upset at me and seems to be out for vengeance. If anything this post was to clarify the situation behind this. Either way insider trading can't be governed in this game, but if things had ended on the other end of the scale (with Feyloan not bothering to get the GTC's) then I would have taken a nice loss and we wouldn't be having this conversation.
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Feyloan
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Posted - 2008.01.28 09:24:00 -
[291]
Wow, I am not on the Forums for two days and suddenly someone comes to call my trading practices into question
I have absolutely nothing to add to what Ricdic has posted, just wanted to confirm it from my side and to add that I have received no complaints from shareholders what so ever on this matter, all was reported fairly imho.
It basically bought me a couple of days extra, and gave some shareholders a way out, who were understandibly nervous at the time, so I am also greatful for what Ricdic did, and the trust he, as well as all other investors, put into me.
Oh, btw. Copies done, expect the first dividends within a couple of days, January Report expected to go out by the 3rd.
Regards,
Feyloan
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VO Mathilda
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Posted - 2008.02.05 19:07:00 -
[292]
Update? Anything... a small phrase to say everything is ok... once a while... just to make me feel less stressed.
Regards
VO Mathilda
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Evolyze
Personal Vendetta
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Posted - 2008.02.05 22:25:00 -
[293]
Im currently having uber pc problems, what will happen if i can't send my shares back before the first wave of isk is handed out ?
Evol
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Slasher Arcana
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Posted - 2008.02.11 04:05:00 -
[294]
Any update?
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.02.11 05:38:00 -
[295]
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.
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FastLearner
Fury Holdings Brutally Clever Empire
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Posted - 2008.02.11 06:09:00 -
[296]
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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Mr Horizontal
Gallente KIA Corp KIA Alliance
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Posted - 2008.02.11 07:27:00 -
[297]
He was online yesterday... He did reply to an eve mail I sent about the share exchange. But yeah, some communication would be nice. :)
If I were in his shoes, I'd have got the GM's to sort out the corp bug, but given the share exchange issue, I'd also assume he's waiting for all shares to be transferred to the new corp before he pays any dividend... either way I'm only speculating here, we do need more info.
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Ishina Fel
Caldari Synergy. Imperial Republic Of the North
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Posted - 2008.02.11 16:02:00 -
[298]
Edited by: Ishina Fel on 11/02/2008 16:04:16 Apparently he's been on a business trip all last week (until Friday or Saturday I believe), but yeah, he should be more prompt with managing his IPO. I don't like it one bit either that I constantly feel the need to go and poke him and tell him "hey, there's stuff/people waiting for you ingame". If this goes on, I will be getting out of the venture, and reinvest my ISK elsewhere.
Originally by: Mr Horizontal If I were in his shoes, I'd have got the GM's to sort out the corp bug, but given the share exchange issue, I'd also assume he's waiting for all shares to be transferred to the new corp before he pays any dividend... either way I'm only speculating here, we do need more info.
From what I heard, the GMs repeatedly refused to help him with his share distribution bugs/problems, which is why he had to re-form the corp in the first place.
Be the Ultimate Ninja! Play Billy Vs. SNAKEMAN today! |
Ricdic
Caldari Corporate Research And Production Pty Ltd Zzz
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Posted - 2008.02.11 17:36:00 -
[299]
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.
http://oldforums.eveonline.com/?a=topic&threadID=500043 Largest Empire Research Alliance in EVE! |
NeoTrade
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Posted - 2008.02.12 02:10:00 -
[300]
Originally by: Ricdic 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.
From the post about 9 replies up
Quote:
There was an issue with a share transfer which CCP could not solve, inexplicable for me, because it was clear what had happened and it would have been so easy to solve. However, due to this, Praetoria Holdings has to be re-formed, which means that Bakimi will stand down as CEO today, and after the 24 hour period will exit the corp and reform it. Then shares will be recreated and distributed to share holders.
I can confirm I have also received my new shares.
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