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Ricdic's Hoe
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Posted - 2008.01.29 07:13:00 -
[1]
Hey guys. I am arranging a 100b business offering that will be ran and controlled by Ricdic's Hoe. I am an alt of Ricdic (will post to verify). It will be 95% secured within the C-R-A corporation.
Now, this business is an IPO but with limited disclosure. All C-R-A customers will see what I am doing (they can see lockdown votes) but it's safe to say it does relate to research.
Now, the beauty of this venture, is that it will have a butterfly affect.
1) As an IPO all profits (minus salary) will be paid out to the shareholder
2) I expect in the range of 7-20% per month in dividends
3) The length of this IPO will be limited. The initial idea was to have complete EBANK funding but EBANK don't currently have funds on hand to support such a loan. Therefore EBANK has some new processes coming up to get a fairly large cash injection. Once this happens I will recieve a loan from EBANK and repay investors. This likely won't occur for approximately 3 months.
Basically it gives me the ability to give you guys some nice dividends, a fairly quick return on investment (principle + interest), get EBANK into a nice secured loan, and allow myself to privatise the corporation. I could wait the 3 months but most of you know I hate seeing profits go to waste, and I am a little "gung-ho" (ok maybe a lot)
Risk factor. I feel it's highly unlikely that profit margins will ever get under 7%, at least definetly not so in the next 3 months. After that time I will be on a fixed loan with EBANK at around 7% per month so excess profits will go into debt repayments etc.
I have already developed contracts with people for my finished goods. The prices are static but we have agreed to arrange modifications if prices fall/rise etc.
So that's basically the crux of it. I still need to create the OMG corporation (will need to find a unique ticker) and create shares but this is a way we can discuss things and even place reservations if you want too.
Share Price - 1m per share
Total Shares - 100,000
Discuss, reserve, whatever 
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.01.29 07:13:00 -
[2]
One of my alt's ^
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Ricdic's Hoe
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Posted - 2008.01.29 07:19:00 -
[3]
Sorry I forgot to mention the Butterfly Effect.
This project is made possible via a few entities.
1) C-R-A will enjoy an extra income in lab costs on a lot of idle labs. This should constitute almost double the profits incurred last month.
2) DATAC will be paid a salary commensurate with the amount of work put in. Basically DATAC is a ton of Datacore farmers that just happen to be researchers as well. We can utilise them during their activation periods to get a bit more cash into the DATAC coffers, and keep that corp afloat.
3) EBANK will benefit off a good stable loan generating as high as 7-10b per month in interest in a few months time once this privatises. Even when privatised, both C-R-A and DATAC continue to earn profits off the corporation.
4) Ricdic benefits in that he recieves a salary to the tune of 10% of dividends incurred. Now he doesn't get paid a salary at all if he cannot reach the expected 7% minimum. So this isn't a guaranteed percentage return investment, but I don't get paid if I don't meet acceptable standards (7% per month dividend minimum (or 7b))
Think that's all
Oh, this will have a minimal effect on my time, other ventures etc. It was designed specifically in a way to require very little effort by myself.
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Astorothe
Aperture Science Industries
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Posted - 2008.01.29 07:24:00 -
[4]
What can I say - put me down for 1B ISK. \o/
Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
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Matalino
Gallente
Ki Tech Industries
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Posted - 2008.01.29 07:26:00 -
[5]
 Originally by: Ricdic's Hoe
2) DATAC will be paid a salary commensurate with the amount of work put in. Basically DATAC is a ton of Datacore farmers that just happen to be researchers as well. We can utilise them during their activation periods to get a bit more cash into the DATAC coffers, and keep that corp afloat.
While we have yet to finalize the specific details of these services. Opening up to the possiblity of offering this service (lab slot operation) is a part of the recovery plan for DATAC in as much as clients can be found.
My involvement is limited to providing a subcontracted service, but it could prove to be a extremely valuable subsidy for our operation.
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Scipio Divinitus
Minmatar
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Posted - 2008.01.29 08:01:00 -
[6]
I will reserve 100 million worth (100). Will send isk when I wake up.
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Ray McCormack
hirr
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Posted - 2008.01.29 08:02:00 -
[7]
I would like to reserve 20b.
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Tarash Awin
Minmatar
Sackville
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Posted - 2008.01.29 08:27:00 -
[8]
I will reserve 15 billion please.
Tarash Awin - Sackville [SACKE]
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Won Swunglow
Caldari
Dead By Dawn
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Posted - 2008.01.29 08:27:00 -
[9]
Very interesting...
I would like to reserve 1 bill in shares.
From a happy EBank Customer...
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Ambo
2nd Outcasters
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Posted - 2008.01.29 08:31:00 -
[10]
I'd like to reserve 10 bil please.
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Ahn Riane
Blue Star Surveying and Mapping
Zzz
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Posted - 2008.01.29 08:32:00 -
[11]
<- reserves 500 shares.
Has butterfly effect an other meaning down under?
I know it, describing kind of unforeseeable, often dramatic impacts caused by tiny changes in parameters of chaotic processes.
Probably "Synergy effect" is what you mean.
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Professor Bunsen
Optech Mineral Ventures
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Posted - 2008.01.29 08:35:00 -
[12]
Reserve 5B please...
And tell us more about the detail of what you are doing please, in particular possibilities of loss. CRA is your organisation so does that mean you are effectively securing yourself and guaranteeing 95% of investors funds if it goes pear shaped? Or does it mean 95% of the isk will be in BPO's locked down by you?
"length of IPO will be limited", how long is limited approximately 1 month 3, 6, 12?
When/if you get your Ebank loan what will be the arrangements/price on shares repurchase?
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Selene D'Celeste
Caldari
The D'Celeste Estate
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Posted - 2008.01.29 08:35:00 -
[13]
Why not, I'll reserve 2b. ;)
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Ricdic's Hoe
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Posted - 2008.01.29 08:38:00 -
[14]
Originally by: Ahn Riane
Has butterfly effect an other meaning down under?
I meant more that the implementation of this corp will positively affect 3 other public corporation/services.
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SonOfAGhost
Minmatar Munitions and Tactical Assets Repository
Zzz
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Posted - 2008.01.29 08:43:00 -
[15]
I'll take 1B worth please Ric.
---
Originally by: Treelox
Dear Mod,
Yes it was worth it.
---
Lag? GTFOOJ! |
Jackie Fisher
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Posted - 2008.01.29 08:44:00 -
[16]
I'd like to reserve 2 bill please.
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Benvie
Benvie Enterprises
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Posted - 2008.01.29 08:45:00 -
[17]
Will the recent announcement that max runs on Jump Freighter BPCs is being increased to 10 have any impact on your plan?
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Marcus Baltar
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Posted - 2008.01.29 09:07:00 -
[18]
Edited by: Marcus Baltar on 29/01/2008 09:06:52
Reserving 250 million ISK in shares please.
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Marcus Baltar
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Posted - 2008.01.29 09:09:00 -
[19]
Heh, my edit is dated before my post  (Silly time rounding on posts )
(The edit was to make the zero a 0 rather than a O 
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Ricdic's Hoe
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Posted - 2008.01.29 09:10:00 -
[20]
Originally by: Professor Bunsen
And tell us more about the detail of what you are doing please, in particular possibilities of loss.
The biggest chance of loss would be if my chosen purchases are reduced in value both in their resale value and in profit margins on income. But BPO's generally only have a minimal decline in value under NPC price as it is. In the event this happens (which it probably will) then I have potential to be down maybe 5-10b. Now, I am expecting the first few months to bring in a good 40b in profit. I would have preferred to go straight to EBANK and do the whole thing through a loan there but we won't have available capital there until PHASE IV has been released etc.
Quote:
CRA is your organisation so does that mean you are effectively securing yourself and guaranteeing 95% of investors funds if it goes pear shaped? Or does it mean 95% of the isk will be in BPO's locked down by you?
I will be purchasing BPO's to the tune of 95 billion isk or so. That will all be locked down in C-R-A. The only way to have it unlocked is via a C-R-A vote. I would like to hope C-R-A shareholders would question the unlocking of such assets rather than allowing it to pass. I personally only hold about 3% of C-R-A these days so I don't have much say in the proceedings.
Quote:
"length of IPO will be limited", how long is limited approximately 1 month 3, 6, 12?
It all depends on how long it takes EBANK to have an extra 100b capital both on hand and easily providable (they obviously need a lot more than that but new upcoming changes will allow EBANK to expand as demand appears rather than the current expand after determining demand) I believe our big announcements (EBANK) will be out in the next 1.5 months or so, and such funding will be available within 2 months of that announcement. I expect a 3 month agreement.
I done it this way as I don't want a public corp that runs forever. I figured I could get some nice profits to investors whilst EBANK was getting established to a point whereby I could use them and once I go to EBANK I can repay my debts and add 100b to my personal NAV.
Quote:
What's your salary if you manage to exceed 7% dividend/month?
10% of the dividend. Lets say I make 10b next month. It means I get 1b in salary and shareholders get 9b in dividends. If I make 15b then I get 1.5b salary and shareholders get 13.5b in dividends. If I make 7.5b I get a 500m salary whilst shareholders get their minimum 7% dividend.
I guess the crux of it, is that I get nothing unless I can provide investors with 7b each month as a minimum.
Quote:
When/if you get your Ebank loan what will be the arrangements/price on shares repurchase?
Good question. I wasn't planning any share repurchase, just a mass amount of dividends until I had paid out the whole 100b put forth by EBANK. But yeh, 1m per share, or purchase price. Kinda similar to a bond what I am doing but I want people to share in the IPO aspect. Think of it as a personal loan with interest rate based on performance
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Leviaxxan
Gallente
LEGI0N
SOUL CARTEL
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Posted - 2008.01.29 09:10:00 -
[21]
reserving 1000 shares
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Ricdic's Hoe
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Posted - 2008.01.29 09:11:00 -
[22]
Originally by: Benvie
Will the recent announcement that max runs on Jump Freighter BPCs is being increased to 10 have any impact on your plan?
Hey that's fantastic news. For TCCS. 
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Kazuo Ishiguro
House of Marbles
Zzz
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Posted - 2008.01.29 09:20:00 -
[23]
Edited by: Kazuo Ishiguro on 29/01/2008 09:21:43
Hmm - only 41.15bn of shares still left, and I swear this thread wasn't here the last time I looked 
Put me down for 1bn isk please.
Edit: more shares reserved while I was posting...
My research services
Spreadsheets: Top speed calculation - Halo Implant stats |
Professor Bunsen
Optech Mineral Ventures
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Posted - 2008.01.29 09:24:00 -
[24]
Edited by: Professor Bunsen on 29/01/2008 09:25:01
Thanks for your earlier replies. Just this outstanding ...
Originally by: Professor Bunsen
if so confirmation from them (Ebank) as a corporate body please.
I guess a sort of Heads of Terms / agreement in principle statement as an indication that the duration of this IPO is as planned. I guess if they can't do that its still a runner but then we have to ask about exhange listing / buyback facilities and other stuff.
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Mr Horizontal
Gallente
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Posted - 2008.01.29 09:28:00 -
[25]
I'll take 500m.
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Sikozu Prioris
Suns Of Korhal
deadspace society
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Posted - 2008.01.29 09:31:00 -
[26]
Reserving 1 bill
Lol |
Beexer
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Posted - 2008.01.29 09:32:00 -
[27]
Sorry if this is stupid question, but when "reserving" shares here, does it mean I need to send ISK now or just later when corp is up and running?
Anyway I would like to reserve 200 shares.
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.01.29 09:33:00 -
[28]
Originally by: Professor Bunsen
I guess a sort of Heads of Terms / agreement in principle statement as an indication that the duration of this IPO is as planned. I guess if they can't do that its still a runner but then we have to ask about exhange listing / buyback facilities and other stuff.
I have a thread I put up on our BoD forums at the same time as this post. I am the loan officer for EBANK and (funds permitting) a fully secured loan with EBANK with proven history and results won't be denied
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Marcus Baltar
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Posted - 2008.01.29 09:34:00 -
[29]
Originally by: Marcus Baltar
Edited by: Marcus Baltar on 29/01/2008 09:06:52
Reserving 250 million ISK in shares please.
Add another 250 million to that please, for a total reserve of 500 million (half a billion) ISK.
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Ricdic's Hoe
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Posted - 2008.01.29 09:35:00 -
[30]
Originally by: Beexer
Sorry if this is stupid question, but when "reserving" shares here, does it mean I need to send ISK now or just later when corp is up and running?
Anyway I would like to reserve 200 shares.
Just reserve for now. I will get a full list of people up once all is reserved to make sure people don't send more than is necessary. Plus it's hard tracking down reservations, isk already sent etc.
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