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Block Ukx KDM Corp Firmus Ixion	Posted - 2007.11.13 21:11:00 - [1] Any interest in underwriting? IÆm interested in having a few underwriters sponsor my upcoming share release. An underwriter is someone that commits to selling certain number of shares and purchases them in blocks at an underwriterÆs discount. IÆm thinking 50 B commitment and 10 B blocks at a 7% underwriterÆs discount. Would this be something worthwhile pursuing? Anyone interested in becoming an underwriter?
Shadarle	Posted - 2007.11.13 21:13:00 - [2] You prob should tell people what they'd be underwriting. I am guessing this is your mineral manipulation IPO? Tanking Setups Compared Stacking Penalty / Resists Explained
Block Ukx KDM Corp Firmus Ixion	Posted - 2007.11.13 21:16:00 - [3] Yes, this would be for the Mineral Market Manipulation venture.
Ricdic's Hoe	Posted - 2007.11.13 21:28:00 - [4] I thought it didn't need isk as people just buy the mins themselves and follow the buy/sell patterns that you request?
Block Ukx KDM Corp Firmus Ixion	Posted - 2007.11.13 21:32:00 - [5] No, the venture needs isk. Minerals could be used as security.
Shadarle	Posted - 2007.11.13 21:44:00 - [6] Originally by: Ricdic's Hoe I thought it didn't need isk as people just buy the mins themselves and follow the buy/sell patterns that you request? This is what some of us suggested and seem to have been rejected on, however, this really isn't the thread for it imo. I'd rather discuss it in the other thread. Tanking Setups Compared Stacking Penalty / Resists Explained
Block Ukx KDM Corp Firmus Ixion	Posted - 2007.11.16 20:32:00 - [7] More on this Underwriter Benefits: 1) 7% Earnings. ThatÆs correct; you get a guarantee 7% from the sales of Common Stock shares. 2) Possible sole rights to the sales of the stock. Except for Trustees, investors would have to purchase stock from you, not BSAC. 3) You do not need to purchase the full lot of shares. Minimum lot amount is negotiable at this stage. I have a preliminary prospectus pending Board of Directors approval. Request a prospectus here if you are seriously considering becoming an underwriter.
Matalino Gallente Datacore Harvesting	Posted - 2007.11.16 21:38:00 - [8] I could be totally off here, but the impression that I get from your setting up an underwriter distribution set up is that you are trying get around the publics concern with your raising more ISK than the general public is willing to trust you with. Basicly it sounds like you are trying to set up sort of piramid scheme, such that you sell your shares in bulk to the larger more reputable members of the market community and get them to sell the shares on your behalf. I am not intending this as any sort of character attack. However, if the business is solid, and people trust you with such a large sum, then you should not need people to sell the shares on your behalf, they should simply sell out to the public directly. If you are having trouble selling out because people are hesitant to trust you with such a large sum, getting others to sell the shares and give you the ISK does not resolve that concern, but attempts to subvert it in a round about way. I am having a hard time understanding why you are trying to setup this underwriting scheme. Perhaps I am missing something here. ************************** Datacore Harvesting IPO
Block Ukx KDM Corp Firmus Ixion	Posted - 2007.11.16 22:36:00 - [9] There arenÆt any shares for sale at the present time, and IÆm sure the concerns you posted here are in everyoneÆs mind, including any potential underwriters. However, you are underestimating the value and purpose of underwriters. Typically, underwriters handled all sales of any public offering. We havenÆt seen that in EVE because CEOÆs have no interest in paying underwriters fee and do not want outsiders (underwriters) to poke or alter any upcoming share release or to dictate how much ISK should be raised at each stage. A 7% underwriter discount fee is a standard discount. I think itÆs fair to pay for their efforts, commitment, and risk to sell the shares. It also helps the venture to get a head start by supplying the initial funds and it frees me from selling shares. The underwriters as a group would have to decide how much ISK the ôpublic is willing to trustö me with. Each underwriter would know exactly how many and when shares should be released, etc. I was hoping the public would realize the value of underwriting a public offering. If thatÆs not the case I can always sell the shares myself and save on the underwriting fee like you suggest.
FastLearner Fury Holdings Brutally Clever Empire	Posted - 2007.11.16 22:52:00 - [10] Originally by: Block Ukx More on this Underwriter Benefits: 1) 7% Earnings. ThatÆs correct; you get a guarantee 7% from the sales of Common Stock shares. 2) Possible sole rights to the sales of the stock. Except for Trustees, investors would have to purchase stock from you, not BSAC. 3) You do not need to purchase the full lot of shares. Minimum lot amount is negotiable at this stage. I have a preliminary prospectus pending Board of Directors approval. Request a prospectus here if you are seriously considering becoming an underwriter. Fury Holdings/Fury Bank could potentially be interested in becoming an underwriter and/or trustee. But before I could offer any commitment I'd need clarification/reassurance on a few issues: 1. (Roughly) How is the profit being made? 2. How is access to the key information of what mineral(s) are being targetted (and in which direction) being controlled? 3. How does the trustee scheme work? Do trustees effectively manage a portion of the overall IPO's funds - buying and selling minerals according to instructions then pooling profits? I appreciate that the first two issues are somewhat contradictory - if you tell everyone who asks the answer to #1 then #2 goes straight out of the window.
Block Ukx KDM Corp Firmus Ixion	Posted - 2007.11.16 23:48:00 - [11] Originally by: FastLearner Fury Holdings/Fury Bank could potentially be interested in becoming an underwriter and/or trustee. But before I could offer any commitment I'd need clarification/reassurance on a few issues: 1. (Roughly) How is the profit being made? 2. How is access to the key information of what mineral(s) are being targetted (and in which direction) being controlled? 3. How does the trustee scheme work? Do trustees effectively manage a portion of the overall IPO's funds - buying and selling minerals according to instructions then pooling profits? I appreciate that the first two issues are somewhat contradictory - if you tell everyone who asks the answer to #1 then #2 goes straight out of the window. I appreciate your interest. 1. Profits will come from a combination of short-term low-return and long-term high-return mineral sales. 2. We are going to target all minerals but morphite. Information regarding the direction of the minerals will not be disclosed. However, Trustees will very likely know such information, and therefore will be required to sign a non-disclosure agreement. 3. Trustees will not manage any funds; except for maybe under certain circumstances sell their mineral stock. Trustee will mostly act as mineral banks, holding the majority of minerals used for long-term sales.
Block Ukx KDM Corp Firmus Ixion	Posted - 2007.11.19 13:35:00 - [12] This offer closes December 1, 2007. The Public offering tentative launch date is December 3, 2007. No underwriters will be accepted after Dec 3, 2007.
Block Ukx KDM Corp Firmus Ixion	Posted - 2007.11.23 13:32:00 - [13] There will be a maximum of six underwriter position. Underwriters will be added to the OP.
cosmoray	Posted - 2007.11.23 21:16:00 - [14] If I understand this correctly the underwriter is guaranteeing the sale of a block of shares. e.g If the underwriter commits to 10B ISK, with the 7% discount they will owe you 9.3B ISK whether or not they sell the shares. By having underwriters you are moving the risk from yourself to the underwriters and THEIR repuation. They will make money only IF all the shares are sold. If the plan is so good why do you need underwriters?
Block Ukx KDM Corp Firmus Ixion	Posted - 2007.11.23 22:13:00 - [15] Originally by: cosmoray If I understand this correctly the underwriter is guaranteeing the sale of a block of shares. e.g If the underwriter commits to 10B ISK, with the 7% discount they will owe you 9.3B ISK whether or not they sell the shares. By having underwriters you are moving the risk from yourself to the underwriters and THEIR repuation. They will make money only IF all the shares are sold. If the plan is so good why do you need underwriters? The underwriters are not risking their reputation; they are risking their ISK by purchasing the 10 B block for 9.3 B. Although, underwriters commit themselves to selling 50 B shares, they will decide as a group the flow of sales (assuming a quorum is met). Yes, I can punt the whole underwriter thing and sell the shares myself, but I find the underwriter idea appealing since it frees my time form selling shares.
Calgorac The Arrow Project Morsus Mihi	Posted - 2007.11.24 03:52:00 - [16] ttt Latest News
Block Ukx KDM Corp Firmus Ixion	Posted - 2007.11.26 20:54:00 - [17] Reserved retracted by Firid Soulbane. Only one interested party.
BSAC Manager BSAC Common Stock	Posted - 2007.11.29 13:23:00 - [18] MinMa shares are now available to underwriters. Funds must be submitted by Dec 12, 2007. Contact BSAC Manager for details. MinMa will launch Dec 12, 2007.

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