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Calgorac
The Arrow Project
Morsus Mihi
   |
Posted - 2007.11.13 17:43:00 -
[1]
About me.
My Main Character is Calgorac, I have three other "mains" on separate accounts.
They are Caroglac, Sixta, and James Omerand. I have been playing Eve Online for
over two years now. I'm considered by my corp mates in Arrow to be a Care bear
though I can and will pp at need and for occasional stress relief.
For the past year and a half Ive been a fund manager for Arrow's investment plan.
I built and sold Battleships and Tech II Bustards and Sensor boosters. That business
is being privatized by Arrow and so I'm no longer managing that fund.
In the Caldari State.
I Build and Sell Battle cruisers and
Trade on the market in both tech one
and tech two Modules.
In deep 0.0 I Mine High End Ores which I refine and sell in empire.
I have three research alts that I'm currently training for invention.
Id like to expand both my empire Production and Trade businesses and for that I need Capital.
So Ive created a new alt named "Calgorac CEOALt" and Created a new corporation called CALGORAC CAPITAL MANAGEMENT SYSTEMS or CCMS. IM going to be doing a bond program with this company.
To Start I will be selling 100,000 shares for 100,000 isk each total capitalization will be
10,000,000,000.00 isk once I have that capital working I may expand the bond issue if there is
demand in the market.
CCMS will pay out dividend every 14 days equal to 3,000 isk per share. IE 3% every two weeks
beginning 14 days after the bond issue is sold out.
CCMS will buyback shares at 90,000 isk per share limited by liquidity of assets.
I'm waiting on the share creation process to complete before issuing any shares. But you may
Reserve shares by talking to me ingame. I will be available on the EGSEX channel ingame to answer
any questions |
Calgorac CEOALt
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Posted - 2007.11.13 17:45:00 -
[2]
This Alt will manage the corp
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Shar Tegral
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Posted - 2007.11.13 17:46:00 -
[3]
Why such a low interest rate and why the immediate devaluing of the bond issue?
It's A GIRL!!!!! |
Caroglac
Amarr
The Arrow Project
Morsus Mihi
|
Posted - 2007.11.13 17:50:00 -
[4]
Edited by: Caroglac on 13/11/2007 17:50:14
ok, Low interest rate? 3% per 14 days is 6% per 28 days.. which I believe is competitive with other public corps.
as for the devaluation . this is to encourage investers to leave there assets in place atleast for the first month and a half or so... afterwhich they would have made a profit over there innitial investment if they choose to cash in there bonds
oh, and Confermed about me being another alt of Calgorac
Mrom All of me,
Calgorac, Caroglac, Sixta, and James Omerand |
LaVista Vista
Corporate Research And Production Pty Ltd
Zzz
|
Posted - 2007.11.13 17:54:00 -
[5]
 Originally by: Caroglac
Edited by: Caroglac on 13/11/2007 17:50:14
ok, Low interest rate? 3% per 14 days is 6% per 28 days.. which I believe is competitive with other public corps.
Seems like below standard to me
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James Omerand
The Arrow Project
|
Posted - 2007.11.13 17:54:00 -
[6]
Confermed that Im another Alt of Calgorac..
Selling Battleships in the Lonetreck, Forge, and Citadel Regions. |
Shar Tegral
|
Posted - 2007.11.13 17:57:00 -
[7]
Originally by: Caroglac
as for the devaluation . this is to encourage investers to leave there assets in place atleast for the first month and a half or so... afterwhich they would have made a profit over there innitial investment if they choose to cash in there bonds
Sorry about that I sit corrected on the interest rate.  My only concern, as in interested investor, is that you are essentially tell me that from the point I invest in you I will have to wait 2 months before my roi is in positive numbers. Essentially I'm tossing away 10% of my investment immediately upon purchasing in on your bonds. Sorry, it's just not good business. If you want to enforce investor participation then I'd suggest that you only do bond buybacks after 2 - 3 months. That would leave you in the position of having the active bond issue out long enough for you to have properly utilized the funds while not interfering with the investment "value" or "freedom" of action(secondary markets). In essence, there are alternative methods that don't require people to take an immediate 10% loss.
It's A GIRL!!!!! |
Shadarle
|
Posted - 2007.11.13 18:03:00 -
[8]
Originally by: Caroglac
Edited by: Caroglac on 13/11/2007 17:50:14
ok, Low interest rate? 3% per 14 days is 6% per 28 days.. which I believe is competitive with other public corps.
as for the devaluation . this is to encourage investers to leave there assets in place atleast for the first month and a half or so... afterwhich they would have made a profit over there innitial investment if they choose to cash in there bonds
oh, and Confermed about me being another alt of Calgorac
As others have said, 3% per 14 days is not very much these days. The new standard among most IPO's is a minimum of 7% per month. This is for trusted IPO's. If someone is new to the IPO game or otherwise not as trusted or well known the rate generally rises closer to 10-15% depending on the level of trust people have.
I personally wouldn't dream of investing in an IPO under 7% per month anymore and frankly I don't invest in many under 9-10% these days. Perhaps you will find some who will go as low as 3% bi-weekly though.
As to the 90% price, I can understand it to some degree. But imo it should be 100%-6% (your 28 day divs). This stops people from hopping in and out quickly. At 90% people would have lost money if they needed money back even after 42 days.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Sixta
|
Posted - 2007.11.13 18:04:00 -
[9]
ok, so Im yet another alot of Calgorac
Quote:
[16:05:21] LaVista Vista > On average like 7%
paying out 3.5% per 14 days will not be a problem. so since 7% is the average Bond Rate. I will change it to that aswell.
Quote:
My only concern, as in interested investor, is that you are essentially tell me that from the point I invest in you I will have to wait 2 months before my roi is in positive numbers. Essentially I'm tossing away 10% of my investment immediately upon purchasing in on your bonds. Sorry, it's just not good business.
Actualy, Your right... the only reason for the lower buyback was to insure the bonds are not cashed in immediately. so I will change it to 100% value and have the buyback start after 2 months.
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Shar Tegral
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Posted - 2007.11.13 18:12:00 -
[10]
Originally by: Sixta
Actualy, Your right... the only reason for the lower buyback was to insure the bonds are not cashed in immediately. so I will change it to 100% value and have the buyback start after 2 months.
That solves that niggle. Next one, is there people who will speak on your behalf?
It's A GIRL!!!!! |
Calgorac
The Arrow Project
Morsus Mihi
|
Posted - 2007.11.13 18:15:00 -
[11]
possibly,
Ive done business in the past with Ricdic of Caldari Research Associates and Tolmar of Silver Hand Mining aswell as EMFI when Naphtalia ran that company..
I will ask them to speak up for me...
From all of me:
Calgorac, Caroglac, Sixta, and James Omerand... |
Shar Tegral
|
Posted - 2007.11.13 18:17:00 -
[12]
Originally by: Calgorac
I will ask them to speak up for me...
That will undoubtedly assist people in building up the nerve to trust you. Contingent on their good word of you I'd like to reserve 250M in bonds.
It's A GIRL!!!!! |
EMFI Auditor
Minmatar
Blue Apple Industries
|
Posted - 2007.11.13 18:18:00 -
[13]
I will speak on his behalf :) I'd easilly drop 500mil with this venture without blinking.... Calgorac has been an active member in the market and has run semi-private ventures... 10b isn't unreasonable for a bond ran by Cal.
------------------------------------------
"The only thing I am gonna argue with alts is wether I should argue with alts."
-- Naphtalia 2006 |
Calgorac
The Arrow Project
Morsus Mihi
|
Posted - 2007.11.13 18:27:00 -
[14]
Originally by: EMFI Auditor
I will speak on his behalf :) I'd easilly drop 500mil with this venture without blinking.... Calgorac has been an active member in the market and has run semi-private ventures... 10b isn't unreasonable for a bond ran by Cal.
Thanks Naphtalia.
From all of me:
Calgorac, Caroglac, Sixta, and James Omerand... |
Shar Tegral
|
Posted - 2007.11.13 18:31:00 -
[15]
Edited by: Shar Tegral on 13/11/2007 18:31:39
Well I'm sure that Ricdic will be jumping in here shortly. May I ask if you will be working from any kind of specific business plan or is this bond just an outright investment in you?
It's A GIRL!!!!! |
Calgorac
The Arrow Project
Morsus Mihi
|
Posted - 2007.11.13 18:36:00 -
[16]
well, I dont want to limit myself in the future.. IE, conditions and opertunities change..
but, As I stated above . I want to use this Capital to expand my Production and Trade business's in empire.
From all of me:
Calgorac, Caroglac, Sixta, and James Omerand... |
Shar Tegral
|
Posted - 2007.11.13 18:49:00 -
[17]
That was just my curiosity speaking out mate. What measures will you be using to communicate with your bondholders? Also what position do you have regarding the following (I'm not asking for lengthy explanations as I think #1 can be a can of worms):
1 - Publishing w/updates your shareholder list?
2 - Secondary market movement of your bonds? (Will you still buyback even though someone might not be an original purchaser?)
3 - Will you be limiting buyback to 2 - 3 days prior to dividend payment to ensure there is no "buy in, quick buy out" as Shadarle stated?
I'm sure I'll come up with other questions. Mostly just to probe you out for the curious onlookers whose money you are likely to get. =)
It's A GIRL!!!!! |
Calgorac
The Arrow Project
Morsus Mihi
|
Posted - 2007.11.13 18:59:00 -
[18]
Originally by: Shar Tegral
That was just my curiosity speaking out mate. What measures will you be using to communicate with your bondholders? Also what position do you have regarding the following (I'm not asking for lengthy explanations as I think #1 can be a can of worms):
1 - Publishing w/updates your shareholder list?
2 - Secondary market movement of your bonds? (Will you still buyback even though someone might not be an original purchaser?)
3 - Will you be limiting buyback to 2 - 3 days prior to dividend payment to ensure there is no "buy in, quick buy out" as Shadarle stated?
I'm sure I'll come up with other questions. Mostly just to probe you out for the curious onlookers whose money you are likely to get. =)
1: I think shareholder privacy should be respected.. so, No I will not be publishing a list of shareholders.
2: yes the buy back option will be open to any bond holder regarless of whether or not he/she is the original purchacer.
3: Yes, there will haveto be a blackout period on bond buyback's to prevent the "buy in, quick buy out" senario.
I will publish reports on this forum atleast once per month. so that bondholders will know the status of the investment
From all of me:
Calgorac, Caroglac, Sixta, and James Omerand... |
Matalino
Gallente
Datacore Harvesting
|
Posted - 2007.11.13 19:12:00 -
[19]
Originally by: Calgorac
3: Yes, there will haveto be a blackout period on bond buyback's to prevent the "buy in, quick buy out" senario.
The easiest way for you to protect yourself from this is: after you have sold out the original 100,000 shares, then started your buy back two months latter at 100%. If you then rerelease any of those shares that you have bought back, sell them at 103.5% so that they still need to hold the shares for more than 2 weeks before they net a dividend.
Alternatively, you could buy back at 96.5%. If someone sells you back the shares just after they have received the 3.5% interest, they will have effectively received 100%, while you will not have paid interest on ISK that you did not have.
**************************
Datacore Harvesting IPO |
Calgorac
The Arrow Project
Morsus Mihi
|
Posted - 2007.11.13 19:16:00 -
[20]
Originally by: Matalino
The easiest way for you to protect yourself from this is: after you have sold out the original 100,000 shares, then started your buy back two months latter at 100%. If you then rerelease any of those shares that you have bought back, sell them at 103.5% so that they still need to hold the shares for more than 2 weeks before they net a dividend.
Alternatively, you could buy back at 96.5%. If someone sells you back the shares just after they have received the 3.5% interest, they will have effectively received 100%, while you will not have paid interest on ISK that you did not have.
that would be an option but, I think having a blackout period of 2 days before each dividend would be best. IE no buy back and no re-selling of bonds during that period.
From all of me:
Calgorac, Caroglac, Sixta, and James Omerand... |
Matalino
Gallente
Datacore Harvesting
|
Posted - 2007.11.13 19:20:00 -
[21]
Originally by: Calgorac
that would be an option but, I think having a blackout period of 2 days before each dividend would be best. IE no buy back and no re-selling of bonds during that period.
That works great if you are doing the buy back directly, but if you plan to simplify your work load by using the exchanges, then you might want to concider my suggestion.
Or you could do all of the above. Place a buy order on the exchange for 96.5%, a sell order for 103.5%, and do you own direct trades for 100% within your specified window.
**************************
Datacore Harvesting IPO |
Shadarle
|
Posted - 2007.11.13 20:02:00 -
[22]
If it's always 100% then I'd love to invest 2.5 days before divs and then sell back after divs are payed, OK? I'd like to set up a deal to do this over and over every div period. 3.5% for 2.5 days is quite a nice return.
I'm disappointed about the lack of shareholder names being shared. If it was 10%/month I'd overlook it, but for 7% I think I'll hold to my principles. Though I have a feeling you'll sell out all 10 billion very quickly if Ricdic vouches for you as well. You'll prob even get it if he doesn't since you got EMFI to do so. So my lack of investment will mean nothing to you I'm sure.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Treelox
Amarr
Frontier Technologies
|
Posted - 2007.11.13 20:15:00 -
[23]
Always found calgorac to be a straight shooter in conversations with him in EGSEX channel. With that said I'd like to reserve 2,000 shares, valued at 200mil isk.
I am not able to get into the game ATM, but should have the funds transfered to you in the next 24-36hrs.
--
Also while not explict in your intial post, am I to assume that funds are to be sent to your alt "Calgorac CEOALt"?
--
Also I am curious how much of the "trade" that you propose to do with the raised capital will be in 0.0?
--
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Dr Slurm
General Commodities
|
Posted - 2007.11.13 20:25:00 -
[24]
I'd like to reserve 1,000 shares valued at 100m, please.
It's better then Quafe! |
Calgorac
The Arrow Project
Morsus Mihi
|
Posted - 2007.11.13 20:30:00 -
[25]
sold 10,000
Reserved 10,550
available 79,450
From all of me:
Calgorac, Caroglac, Sixta, and James Omerand... |
JadeMako
|
Posted - 2007.11.13 20:34:00 -
[26]
May I please reserve 750 shares, 75 million isk.
Thanks
|
Calgorac
The Arrow Project
Morsus Mihi
|
Posted - 2007.11.13 20:34:00 -
[27]
To Purchase shares wire isk to "Calgorac CEOALt"... to reserve shares simply post here..
From all of me:
Calgorac, Caroglac, Sixta, and James Omerand... |
Ionia
Advanced Manufacturing
|
Posted - 2007.11.13 20:40:00 -
[28]
I have not done business with, but have spoken to Cal on a number of occasions, and he seems like a great guy. A worthwhile investment in my opinion.
|
Calgorac
The Arrow Project
Morsus Mihi
|
Posted - 2007.11.13 20:41:00 -
[29]
Ionia and Treelox, Thankyou for your recomendations
From all of me:
Calgorac, Caroglac, Sixta, and James Omerand... |
Ricdic's Hoe
|
Posted - 2007.11.13 20:53:00 -
[30]
1.5b worth of shares please. Will be purchased through EBANK, but Ricdic will be buying 500m of those bonds off EBANK once he has sorted out his C-P-H commitments.
I would go as far as to secure this whole 10b offering myself. Caroglac won't scam 10b. If he does, I will pay investors back over time through my own wallet. I have no doubt in your abilities Caroglac, it's nice to see you working on a public level in this case 
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