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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.
--------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
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?
[Eve-Index][Traded Mineral Options Tutorial] |
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.
[Eve-Index][Traded Mineral Options Tutorial] |
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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Ricdic's Hoe
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Posted - 2008.01.29 09:40:00 -
[31]
It should be noted. I am not using these funds to replace this
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PenguinJim
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Posted - 2008.01.29 09:53:00 -
[32]
Edited by: PenguinJim on 29/01/2008 09:53:23
I'll reserve 2bil ISK worth of shares please.
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Kirjava
Royal Hiigaran Navy
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Posted - 2008.01.29 09:59:00 -
[33]
Interesting, but I point out that there is an ingame mining business run by a freind called OMG Junior running OMG Inc [OMGI]. Just a heads up that he has dibbs on OMG ticker for business and whatnot 
Haruhiists - Overloading Out of Pod discussions since 2007. |
Mr Horizontal
KIA Corp
KIA Alliance
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Posted - 2008.01.29 09:59:00 -
[34]
Originally by: Ricdic's Hoe
It should be noted. I am not using these funds to replace this
numpty.
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Professor Bunsen
Optech Mineral Ventures
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Posted - 2008.01.29 10:14:00 -
[35]
Originally by: EBANK Ricdic
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
I will be surprised and disappointed if your much trumpeted corporate governance arrangements at Ebank allow you to approve loans to yourself (or even publicly promise "it won't be a problem" with your Ebank hat on) with no further control.
I'm not saying you won't get it, or that you shouldn't get it, but the ability for you as individual to publicly commit the bank to 100bil loan to yourself on the grounds "I'm the loans officer" isn't an inspiring one.
Not having a pop Ric, but Ebank is promoting itself as more than just a one man band with appropriate checks and balances which justify increased investor confidence. Whoever approves that loan, it shouldn't be you or people with a conflict of interest such as other Ebank employees who are investing in this.
Hope this is taken as intended, i.e. constructive criticism.
[Eve-Index][Traded Mineral Options Tutorial] |
Oleksiy1
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Posted - 2008.01.29 10:14:00 -
[36]
I would like to reserve 3 bln (3000 shares)
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Arelia Linore
We Bleed Blue
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Posted - 2008.01.29 10:16:00 -
[37]
I would like to reserve 500 Shares. |
AssassinationsdoneWrong
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Posted - 2008.01.29 10:33:00 -
[38]
I would like to reserve 225Mil isk worth
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Martosh Toma
Gallente
Fraction Investment
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Posted - 2008.01.29 10:36:00 -
[39]
I would like to reserve 2.5B in shares
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P1nkrabbit
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Posted - 2008.01.29 10:38:00 -
[40]
Can i reserve 100 mil in isk of shares please.
Will send isk in game when i log on.
Regards Pink.
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Athias
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Posted - 2008.01.29 10:48:00 -
[41]
Ill give it a shot and reserve 1bill as well if there are still some avaible
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Yuzzuf
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Posted - 2008.01.29 10:50:00 -
[42]
I will reserve 10bil worth of the stuff.
-Y
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Lithium Rubik
Glokken Glitch Technologies
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Posted - 2008.01.29 10:57:00 -
[43]
I would like to reserve 150 shares please. Subject to availability.
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Sofitia Mourtos
GALAXIAN
RAZOR Alliance
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Posted - 2008.01.29 10:57:00 -
[44]
I would like to reserve 6b worth of shares
----------------------------------------
WTB: Guardian BPO |
Ricdic's Hoe
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Posted - 2008.01.29 11:11:00 -
[45]
Originally by: Professor Bunsen
I'm not saying you won't get it, or that you shouldn't get it, but the ability for you as individual to publicly commit the bank to 100bil loan to yourself on the grounds "I'm the loans officer" isn't an inspiring one.
Sorry what I meant was that as the EBANK loan officer I know the conditions behind acceptance of an EBANK loan. A fully secured loan with proven performance history and a good name behind it will recieve acceptance. Now, being that the security is only as strong as my promise to secure (ie not really secured) you can bet some of the EBANK directors would want to actually secure those bpo's. Likely by becomming C-R-A director's or holding a safe portion of C-R-A shares, or even moving the bpo's away from C-R-A and into a private safety pool."
But that's part of the reason this is a reservation thread and I have started a BoD thread to make sure everything is peachy before going ahead with things. 
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Shae Laurel
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Posted - 2008.01.29 11:13:00 -
[46]
I would like to reserve 2 bill isk worth of shares.
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Doctor Blue
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Posted - 2008.01.29 11:14:00 -
[47]
I'd like to reserve 10bil isk worth please ta
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Ricdic's Hoe
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Posted - 2008.01.29 11:15:00 -
[48]
Edited by: Ricdic''s Hoe on 29/01/2008 11:15:03
I think there's approx 10b left for people to grab
edit, scratch that the above guy probably took it all.
/me runs off to tally numbers
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Seeboo
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Posted - 2008.01.29 11:16:00 -
[49]
reserve me 5b in shares pls :)
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Bal Rokko
Rok Inc
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Posted - 2008.01.29 11:20:00 -
[50]
I would like to reserve 1bil worth of shares please. |
Salisuka
Caldari
Intex Mechanics
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Posted - 2008.01.29 11:25:00 -
[51]
I'd like to reserve 100mil in shares please. I hope the amount isn't too small, I have never bought shares before so I just want to see if I like the idea of someone else using my isk to make isk. (and paying me in the process)
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Kara Rhane
Gallente
Rhane's Research and Development Labs.
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Posted - 2008.01.29 11:29:00 -
[52]
Please put me down for 1 bill.
Nice ricdic :)
-Kara
*****
Rhane's Research and Development LabsÖ
Click to search our Ammo's, Missiles, and Drone BPO sets. |
Lucas Avignon
Gallente
University of Caille
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Posted - 2008.01.29 11:34:00 -
[53]
Edited by: Lucas Avignon on 29/01/2008 11:35:50
Having glanced at the thread, I conclude that you have made your 100bn, however in the event of a shortfall.
I would like to reserve 1bn, cheers 
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Bad Bobby
Ugly Toys
Zzz
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Posted - 2008.01.29 11:42:00 -
[54]
Looks like I missed out on this one... 
I'll reserve 1b in the vain hope that half of the above posters suddenly have a change of heart.
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Shae Laurel
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Posted - 2008.01.29 11:48:00 -
[55]
Ohh My God!! This went fast... out of boredom and the curiousity to see if I reserved fasted enough I compiled this list:
NameShares
Astorothe1.000
Scipio Divinitus100
Ray McCormack20.000
Tarash Awin15.000
Won Swunglow1.000
Ambo10.000
Ahn Riane500
Professor Bunsen5.000
Selene D'Celeste2.000
SonOfAGhost1.000
Jackie Fisher2.000
Marchus Baltar250
Leviaxxan1.000
Kazuo Ishiguro1.000
Mr Horizontal500
Sikozu Prioris1.000
Beexer200
Marcus Baltar250
PenguinJim2.000
Oleksiy13.000
Arelia Linore500
AssasinationsdoneWrong225
Martosh Toma2.500
P1nkrabbit100
Athias2.000
Yuzzuf10.000
Lithium Rubik150
Sofitia Mourtos6.000
Shae Laurel2.000
Doctor Blue9.725
Totalling:100.000
Further reservations:
Doctor Blue275
Seeboo5.000
Bal Rokko1.000
Salisuka100
Kara Rhane1.000
Lucas Avignon1.000
Bad Bobby1.000
Total:9.375
109.375 million isk worth of shares reserved in what? Less than 5 hours??
/Shae
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Inertial
Blood Reavers
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Posted - 2008.01.29 12:04:00 -
[56]
I would like to reserve 5 million worth of shares, in case anyone else doesn't follow up on their reservation.
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Yvelle
Mad Cow Inc.
Zzz
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Posted - 2008.01.29 12:04:00 -
[57]
*grumble* tats wat i get for a late nite at work.....
Well, in case anyone pulls out, put me up for 1b ISK of this IPO.
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Ambo
2nd Outcasters
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Posted - 2008.01.29 12:13:00 -
[58]
Out of interest will this be listed on the exchages? I'm guessing not since it is aiming to be so short.
Also, you never answered my previous questions
--------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
Updyke
4S Corporation
Morsus Mihi
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Posted - 2008.01.29 13:02:00 -
[59]
Dammit. I always miss the good ones.
If theres any pulloutage, I reserve 1b.
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Barbaro55a
Caldari
Amesha Spentaz
Black Star Alliance
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Posted - 2008.01.29 13:16:00 -
[60]
In case of pull out put me down for 2 (two) Billion ISk in shares please.
Originally by: ISD Valorem
If someone has hurt you out of game then please talk to family, friends or Police (if necessary)
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Ricdic's Hoe
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Posted - 2008.01.29 13:47:00 -
[61]
Anyone who owns C-R-A, CPH, TCCS shares is well advised to check the following thread
Simply put I am instating a buyback order on all of these after the next dividend, to merge them all into the OMG Behemoth. The buyback will be made either in isk or in trade for OMG shares (of which an additional 25b have been provided for this specific task)
Ambo, my next post will answer your edited in questions
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Dohkar
Amarr
Statler and Waldorf LLC
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Posted - 2008.01.29 14:17:00 -
[62]
Damn my time zone!
250mil if it ever gets this far down.
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Ayami Sakura
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Posted - 2008.01.29 14:24:00 -
[63]
Reserving 1b isk worth of shares in case anyone backs out.
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Myrdyr
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Posted - 2008.01.29 14:29:00 -
[64]
Originally by: Ricdic
Hi! I'm going to make minimum 7bil a month by creating business for my other businesses! I won't tell you what I'm doing until after I have your isk!
Only a small handful of people could get away with this. Nice job.
Please post constructively. ~Saint |
Vanora Kime
Caldari
Reapage Inc.
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Posted - 2008.01.29 14:31:00 -
[65]
Please reserve 3b worth of shares in the case enough people pull out when this actually starts.
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jenga
Caldari
Thundercats
RAZOR Alliance
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Posted - 2008.01.29 14:35:00 -
[66]
doubt it will come this far down but i will take 150 mill of shares
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Titus Lewis
Suddenly Successful
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Posted - 2008.01.29 14:36:00 -
[67]
I want 500M if they become available.
Also, hello. |
Bryg Philomena
Green Lantern Corps
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Posted - 2008.01.29 14:42:00 -
[68]
I'll reserve 100m worth if anyone backs out.
Originally by: CCP Wrangler
Am I reading this correctly? You claim you have a bug that undresses female avatars???
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BhurakStarkiller
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Posted - 2008.01.29 14:44:00 -
[69]
2,5b, if possible |
Ricdic's Hoe
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Posted - 2008.01.29 14:48:00 -
[70]
Originally by: Ambo
1. A few months back you were selling off many of your shares to generate capital for a big project. Is this it?
Nope. My business idea back then was basically to create a handful of characters and use them to action a business idea I had that the public hadn't taken advantage of. Now those characters have been in training all his time and half of them have reached fruition. Thus far they are making 200m profit per day (off 50% optimal performance) utilising around 40 minutes per day and I have stock in demand.
So the business plan I had when selling those shares thus far is taking off in a magnificent way (only 3 days into it so far) but throwing 125b into it would hardcore flood the product. Short answer, no it's completely separate.
Quote:
If not, is that money no longer available/not enough for this?
Those shares I sold raised around 15b. Of that 15b I spent 5b on a golem that died last night and about 10b on the project (not omg)
Quote:
2. Obviously it looks like you're doing invention/research. If it was anyone else I would almost certainly require specifics, in your case, I trust your integrity and market knowledge but I'd still prefer a little more detail.
Only one person knows and that's Matalino as his DATAC project will be able to assist this one in a few different ways. Either way I doubt it will be long before people find out what I am doing but it's better they find out after it starts rather than before.
Quote:
3. If shares are not available now, when will they be and when will the first dividend be.
Shares in about 30 hours hopefully. I won't be accepting money just yet tho, I still need to check a few things. Probably 2-4 days before I get people's cash off them. Dividend I believe I mentioned 01st of April but depends on start date. I need around a 45 day leadtime.
Quote:
Good luck with this, I think we've been seriously lacking good, decent sized IPOs recently.
Well that's kinda what I figured. I believe I can emulate this with a 1 trillion isk IPO (and I was rather tempted) but I feel too large a corporate venture here would hinder on EBANK's progress which I feel is an establishment that has too much work in it to be hindered by myself.
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StarCrash
Minmatar
The Graduates
Brutally Clever Empire
|
Posted - 2008.01.29 14:53:00 -
[71]
I would like 100 million in share i can pay 50 million now from my ebank account and 50 million once i m home from work
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Tobin Shalim
Vulcan Foundry
|
Posted - 2008.01.29 16:23:00 -
[72]
If they're available want to reserve 20m in shares please.
Yes, small amount, but it's not doing anything for me right now. |
Atherin Gaius
Caldari
Domini Umbrus
VENOM Alliance
|
Posted - 2008.01.29 16:25:00 -
[73]
Crap! Another investment missed.
100bil IPO and it fills in under 5 hours.
When do the rest of us get to play? Again the rich get richer and the rest of get to sit on the sidelines and read about all the cool stuff we could invest in an make money in if we sat on the forums for 23 hours a day everyday.
Well if people pull out and it makes it down this far on the list I'm in for 500mil. But we all know that that will never happen.
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Myrdyr
|
Posted - 2008.01.29 16:29:00 -
[74]
You say you expect 7-20% profits and plan to take 10% of profits as salary. For 7% profits this means you'd be taking ~778mil off the top. At 20% profits you'd be taking 2.2bil. So from 26mil/day to 73mil/day.
How is that worth your time and why should anyone trust someone willing to sell themselves so short?
How much are the assets you are buying out actually worth, and is that being considered in terms of profit generated?
When EBank buys out the investors how much of the 7bil interest paid to Ebank will go into your own pocket?
You have a great reputation, but what's it REALLY based on? There's no links to prior work, it's generally inferred that you're in some way responsible for EBank, and you say there's security via C-R-A, but who are the directors in C-R-A and what exactly is securing this IPO?
You should have wrote up your IPO documents and handed them over to a director in EBank without your name on them and asked them what they thought. That's about what this IPO, as it stands, is worth. Nothing but your name.
Please post constructively. ~Saint |
Tobin Shalim
Vulcan Foundry
|
Posted - 2008.01.29 16:37:00 -
[75]
Originally by: Atherin Gaius
Crap! Another investment missed.
100bil IPO and it fills in under 5 hours.
When do the rest of us get to play? Again the rich get richer and the rest of get to sit on the sidelines and read about all the cool stuff we could invest in an make money in if we sat on the forums for 23 hours a day everyday.
welcome to the same rant\problem i said in a previous IPO thread, which spawned Ricdic's market experiment  |
Nyphur
Pillowsoft
|
Posted - 2008.01.29 16:44:00 -
[76]
Originally by: Myrdyr
You should have wrote up your IPO documents and handed them over to a director in EBank without your name on them and asked them what they thought. That's about what this IPO, as it stands, is worth. Nothing but your name.
According to reservations, Ricdic's name is worth in vast excess of the 100b he's asking for ;).
Eve-Tanking.com - We're sorry, something happened. |
Ulstan
|
Posted - 2008.01.29 16:53:00 -
[77]
Go ahead and put me on your 'waiting list' for 250 mill.
I think what this really shows is that there is a *ton* of money sitting around in wallets not doing anything. Granted, Ricdic has pretty sterling reputation, but I feel pretty confident he could raise 5 times this amount in two days.
|
Myrdyr
|
Posted - 2008.01.29 16:54:00 -
[78]
Well sure, but his name is the same one that was indirectly used by Riethe to scam several dozen billion.
That said, I don't think this IPO in particular is a scam. It's certainly a nice lead up to a potential trillion isk scam though -- first, see how much his name is worth by seeing what happens when he invests in Riethe, then see how quick he can secure 100bil, then go for the trillion.
Please post constructively. ~Saint |
Atherin Gaius
Caldari
Domini Umbrus
VENOM Alliance
|
Posted - 2008.01.29 16:58:00 -
[79]
So this is the precursor IPO to allow him to make 7-10mil amonth every months just so he can come back in a 6 months and do an IPO for a trillion ISK?
Really it sounds like he doesn't need a trillion ISK scam, he can afford to faction fit and loose a golem or two every month and still have isk to live.
So are you purposely trying to sully Ricdic's name?
|
LaVista Vista
Conservative Shenanigans Party
|
Posted - 2008.01.29 17:03:00 -
[80]
Originally by: Atherin Gaius
So this is the precursor IPO to allow him to make 7-10mil amonth every months just so he can come back in a 6 months and do an IPO for a trillion ISK?
Really it sounds like he doesn't need a trillion ISK scam, he can afford to faction fit and loose a golem or two every month and still have isk to live.
So are you purposely trying to sully Ricdic's name?
Ha. Were you watching the Ebank channel when we talked about that a few hours ago? In that case, you should realise it was a joke.
|
Myrdyr
|
Posted - 2008.01.29 17:37:00 -
[81]
Originally by: Atherin Gaius
Really it sounds like he doesn't need a trillion ISK scam, he can afford to faction fit and loose a golem or two every month and still have isk to live.
So are you purposely trying to sully Ricdic's name?
He doesn't need a 100billion IPO; so what's he up to?
I haven't done anything to Ricdic's name he hasn't done himself, just bringing it up for relevance. Based off the Riethe incident the best case scenario is that he is a poor judge of character, which is fine, except that I've never seen any history of him running anything profitably, and his wealth is mere rumor.
I also am not keen on the idea of trusting someone with large sums of money just because they have large sums of money. He's got no motivation to perform beyond whatever his personal agenda is, especially given his low personal payout and that's a recipe for disaster.
It's also a pretty ridiculous conflict of interest to allow Ricdic to take out a 100bil loan from EBank.
Please post constructively. ~Saint |
Ricdic's Hoe
|
Posted - 2008.01.29 17:37:00 -
[82]
Originally by: Myrdyr
You say you expect 7-20% profits and plan to take 10% of profits as salary. For 7% profits this means you'd be taking ~778mil off the top. At 20% profits you'd be taking 2.2bil. So from 26mil/day to 73mil/day.
I gave an example further up
Quote:
How is that worth your time and why should anyone trust someone willing to sell themselves so short?
Normally I don't take a salary at all. I have been running C-R-A, CPH, TCCS, EBANK for a combined total of 2.5 years and not taken a salary. This time I decided to take a small one.
The key factor in this IPO, is that it has a goal post. I can take it to a point where I privatise when I and EBANK are ready in that I can turn the whole thing into my own. So the first few months random income to investors is me saying "thanks for investing in me for a little bit". I would have gone to EBANK from the start but we don't have the capital for a few months so rather than missing the profit train I decided to mix it up a bit whilst getting the community involved. My true profit will be once all is privatised and EBANK debts are repaid.
Quote:
How much are the assets you are buying out actually worth, and is that being considered in terms of profit generated?
They are worth what I am paying for them. NPC price. If I spend 17b on an item then it is worth 17b. If your question was "how much of the assets in an isk sense will be secured" I would suggest approx 90-95b out of 125b.
Quote:
When EBank buys out the investors how much of the 7bil interest paid to Ebank will go into your own pocket?
Nothing. I don't get paid for EBANK. Nor does anyone in EBANK. Right now all EBANK income is reinvested into EBANK so we basically just make a crapload of money. Then one day when we close shop we pay everyone out and figure out what to do with whats left (ie split between everyone, buy lots of quafe etc)
Quote:
You have a great reputation, but what's it REALLY based on?
Dunno if I am qualified to answer that. Most of those who invested know exactly who I am, and what I have accomplished in this game mostly from a public perception. I guess if you don't know who I am or what history I have you shouldn't be investing in the first place. Means you aren't doing your research
Quote:
There's no links to prior work
go to www.eve-search.com and search for Ricdic. If it doesn't break Chribba's site you should get all the info you could ever imagine.
Quote:
it's generally inferred that you're in some way responsible for EBank
Being the founder and current CEO of EBANK may imply I have some association with it, sure
Quote:
and you say there's security via C-R-A, but who are the directors in C-R-A and what exactly is securing this IPO?
The directors of C-R-A are Ricdic (CEO), Ricdic's Hoe and Researching Duchess. They are all me. However in the other post regarding a merger of all operations I explain how I will have a board organised. It can be seen by clicking on Market Discussions at the top of this screen and clicking on the second link that says "OMG"
Quote:
You should have wrote up your IPO documents and handed them over to a director in EBank without your name on them and asked them what they thought.
How come? I wrote this business proposal up in a 20 minute window on my lunch break at work. I didn't even do a spell checker. It was supposed to be a discussion with option to reserve but it all sold out before being discussed
Quote:
That's about what this IPO, as it stands, is worth. Nothing but your name.
Is that a compliment?
|
Ricdic's Hoe
|
Posted - 2008.01.29 17:43:00 -
[83]
Originally by: Myrdyr
That said, I don't think this IPO in particular is a scam. It's certainly a nice lead up to a potential trillion isk scam though -- first, see how much his name is worth by seeing what happens when he invests in Riethe, then see how quick he can secure 100bil, then go for the trillion.
Sure, if you start my whole public reputation from the Riethe incident and ignore the 3 prior years spent in these MD forums running public corporations worth 10b each. Obviously I have spent the last 3 years building up to the ultimate scam, and even though I could have asked for 500b today and likely gotten it I somehow chose 100b as it's a far better way to pull a scam
To be frank, if I ever pulled a scam I still think people would be saying I sold myself short no matter the price. For the local conspiracy theorist Myrdyr do a search on eve-search or even google for EIB or read this article. Did you know I used to be an EIB bank teller?
Thought you could use that, it should help you discredit me further
|
Ricdic's Hoe
|
Posted - 2008.01.29 17:48:00 -
[84]
Originally by: Atherin Gaius
Really it sounds like he doesn't need a trillion ISK scam, he can afford to faction fit and loose a golem or two every month and still have isk to live.
Dunno if I can afford it . That 5 billion isk Golem was about 20% of my personal net worth, and I had probably clocked up about 4 hours flight time in it total before it was destroyed . Having said that, I don't often actually try to make myself isk. When I want to earn personal cash I do, but most of the time I have nothing to do with it so I just make other people cash.
IE As I know I will soon have a 125b loan with EBANK I have my old/new plan in action in generating isk. At 50% capacity (waiting on a few more chars to get skilled) I am making 200m per day profit off 30-40 mins work (not undocking). At full capacity I expect this to increase to about 500m per day with about 1 hours work per day.
Once I pay that EBANK 125b loan off I will have a nice big fat net worth and 7-20b a month profit to spend on faction fitted uninsured golems.
|
Myrdyr
|
Posted - 2008.01.29 17:48:00 -
[85]
So, basically, you're being cavalier with your name and reputation again despite similar actions having already cost the community.
If you don't have time to do something right, don't do it awfully, wait until you have the time to do it correctly. You have a name people are willing to throw 100billion at and you refuse to recognize the responsibility this entails?
As far as whatever details I could pull up off eve-search or whatever other details you've sloshed together in multiple threads; what, so you're so important I should have to look up completely relevant details myself? That way lies egomania.
It's a joke to have made this IPO public in the first place.
Please post constructively. ~Saint |
Ricdic's Hoe
|
Posted - 2008.01.29 17:52:00 -
[86]
Edited by: Ricdic''s Hoe on 29/01/2008 17:52:51
Originally by: Myrdyr
Based off the Riethe incident the best case scenario is that he is a poor judge of character
Ahh of course. Of the 50 or so people I have successfully done trust based business with, a single one has scammed me and I am a poor judge of character?
Quote:
which is fine, except that I've never seen any history of him running anything profitably
Get rid of that exclamation mark, get past your trial, and learn how to use the search function and you might learn a thing or two
Quote:
and his wealth is mere rumor.
I am usually fairly clear about my personal wealth. Right now (after the 5b loss) I would estimate my personal net worth at around 15b (not counting character resales etc etc). If you factor in my 8 accounts and 20 characters values we are probably looking at a total of about 25b. Not much huh
Quote:
I also am not keen on the idea of trusting someone with large sums of money just because they have large sums of money. He's got no motivation to perform beyond whatever his personal agenda is, especially given his low personal payout and that's a recipe for disaster.
Obviously
Quote:
It's also a pretty ridiculous conflict of interest to allow Ricdic to take out a 100bil loan from EBank.
Sure, I can't think of anything worse than putting trust into the founder of a large bank to take out a fully secured loan. And yes, once it's all organised it will be fully secured and not just by me
|
Martosh Toma
Gallente
Fraction Investment
|
Posted - 2008.01.29 17:52:00 -
[87]
Inertial,
You can get those 5 shares at no extra cost from my reservation if Ricdic does not expand this ipo.
One thing though, if you offer me 120% on the shares you risk not earning very much, with the entire public phase of this ipo possebly lasting only 3 months and the minimum revenue at 7%. Is owning shares so exiting to you you would offer the minimum revenues over the entire duration of this ipo just you aquire some?
I am just glad I was in time to reserve and I am more than happy to share that bit of luck with someone else at this time.
|
Ricdic's Hoe
|
Posted - 2008.01.29 18:04:00 -
[88]
Originally by: Myrdyr
So, basically, you're being cavalier with your name and reputation again despite similar actions having already cost the community.
Hardly the same. People got complacent with Riethe (including myself) even though he was still a new guy. I have been around a long time, and dealt in lots of billions of isk through a good portion of the people investing here. These people understand how I handle things and I like to think they understand that my limited input on the matter is for the good of the operation itself.
Here I got a good idea. Lets tell the public I am starting a Titan BPO copying service.
Day 1
"Hey guys, I will be moving 2 Titan BPO's 18 jumps tomorrow after downtime. Just thought you should know"
Day 2
"Guys, I am sorry to say but someone knew I was carrying these bpo's. Even though I was using a faction fitted Golem to courier the goods I was suicide ganked by a large force and lost the assets"
Now, I am not doing anything even closely related to Titan's but I hope you understand the point. You can look up Titan's ingame if you don't know what they are (as I can see you are quite new to Eve)
Quote:
You have a name people are willing to throw 100billion at and you refuse to recognize the responsibility this entails?
I have stated everything necessary to give the investors reason enough to invest in me. They have read my plan, accepted my processes and actioned their reservations. If you don't like the way I handle things don't invest. Minimum investment is 1m anyway.
Quote:
As far as whatever details I could pull up off eve-search or whatever other details you've sloshed together in multiple threads; what, so you're so important I should have to look up completely relevant details myself? That way lies egomania.
Hardly. The big problem here is that you are too lazy to do your own research. You want it all done for you. Sure I could spout a whole lot of BS about how I have huge net worth, or I fund large alliances but it is meaningless. I have proven myself through consistency over time. If you don't trust in my word, and don't want to research who I am, what I do, and what I stand for, then I don't want your money. It's not people like me who make people lose investment money. It's people like you. You invest in someone based on their fancy words not on their actions.
Guess what sunshine. Anyone can write whatever they want here. If you want proof, go to the source. I won't do your homework for you on my own IPO or anyone else's.
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Oron
|
Posted - 2008.01.29 18:05:00 -
[89]
i like to reserve 500mil in case you expand this future
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Shar Tegral
|
Posted - 2008.01.29 18:12:00 -
[90]
Originally by: Ricdic's Hoe
IE As I know I will soon have a 125b loan with EBANK I have my old/new plan in action in generating isk.
I'll be blunt - You don't have a guaranteed loan. There's been no discussion about this at Ebank, in any regard, and until such a time as there is discussion regarding this it ain't happening. Legitimately that is. |
Ricdic's Hoe
|
Posted - 2008.01.29 18:19:00 -
[91]
Originally by: Shar Tegral
Originally by: Ricdic's Hoe
IE As I know I will soon have a 125b loan with EBANK I have my old/new plan in action in generating isk.
I'll be blunt - You don't have a guaranteed loan. There's been no discussion about this at Ebank, in any regard, and until such a time as there is discussion regarding this it ain't happening. Legitimately that is.
You could start by opening up our forums and taking note in the "BOARD DISCUSSION" section regarding the new thread.
Or you could look cool posting authoritavely here.
|
Ulstan
|
Posted - 2008.01.29 18:23:00 -
[92]
Not like Ricdic would have trouble raising an additional 125b through other sources, if this thread is any indication.
Quote:
It's a joke to have made this IPO public in the first place.
It's all about a proven track record and credibility.
|
Shar Tegral
|
Posted - 2008.01.29 18:23:00 -
[93]
Originally by: Ricdic's Hoe
You could start by opening up our forums and taking note in the "BOARD DISCUSSION" section regarding the new thread.
I even double checked. There has been no discussion with the board about you doing this loan. There has been no approval of you getting this loan. There has been no oversight on this. Originally by: Ricdic's Hoe
Or you could look cool posting authoritavely here.
Do you really wanna take this tone with me? I'm not inclined to play snipe games. |
Amarr Citizen 155
Alternative Methods Research Group
|
Posted - 2008.01.29 18:28:00 -
[94]
Let's all take a second to catch our breath. Now take another one. Now clear our minds. Now wait 5 minutes. Now feel free to post
----------------------------------------------
Why do it the hard way when you can do it the AMARR way. |
Hexxx
Minmatar
|
Posted - 2008.01.29 18:33:00 -
[95]
Originally by: Shar Tegral
Originally by: Ricdic's Hoe
You could start by opening up our forums and taking note in the "BOARD DISCUSSION" section regarding the new thread.
I even double checked. There has been no discussion with the board about you doing this loan. There has been no approval of you getting this loan. There has been no oversight on this. Originally by: Ricdic's Hoe
Or you could look cool posting authoritavely here.
Do you really wanna take this tone with me? I'm not inclined to play snipe games.
Yes, a thread has been started, but discussions have only just begun since the thread was started very close to when the IPO/Loan was posted publically.
In fairness, discussions have started....are they complete? No, they are not.
Personally, I'm not paticularly alarmed with the project and plans but they do need to be discussed and I've been doing so with Ricdic this morning over MSN. However, the full Board has yet to really discuss the matter.
Just wanted to clear that up.
Consulting, IPO Template, and Stock/Bond definitions.
|
Ricdic's Hoe
|
Posted - 2008.01.29 18:34:00 -
[96]
Originally by: Shar Tegral
There has been no discussion with the board about you doing this loan. There has been no approval of you getting this loan. There has been no oversight on this.
Seeing as you want to publicise this, let's look at things this way.
EBANK follows different loan guidelines and procedures. They are fairly limited but the look at things like collateral, proven track record, prior loan history, ipo history, reputation, API data proving successful performance, and the likes. I meet or exceed every single guideline set forth by or loan processes. So yes, I will get a little annoyed when a board member questions a loan officer following the processes to a tee.
Should also be noted Shar, that board approval isn't required in the first place. I put the thread there (and yes, it has been there for 10 hours or so now) simply because it was the right thing to do.
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Ricdic's Hoe
|
Posted - 2008.01.29 18:46:00 -
[97]
If EBANK doesn't fund the loan in 3-6 months I will have someone else do so.
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Leowen
Industrial Giants
|
Posted - 2008.01.29 18:54:00 -
[98]
Hey Ric you know where I am...
(Though I'm smarting a bit that you didn't give me heads-up on this grrr!) 
|
Treelox
Amarr
Market Jihadist Revolutionary Party
|
Posted - 2008.01.29 19:21:00 -
[99]
Originally by: Ricdic's Hoe
Originally by: Myrdyr
You should have wrote up your IPO documents and handed them over to a director in EBank without your name on them and asked them what they thought.
How come? I wrote this business proposal up in a 20 minute window on my lunch break at work. I didn't even do a spell checker. It was supposed to be a discussion with option to reserve but it all sold out before being discussed [:)
This makes me sad, really it does. While Ricdic is a trusted person here in MD, the fact that so many people threw money at him, without even the basics of a plan being presented....sad. Not a statement against you Ricdic, more a statement to those that reserved/invested so quickly without even caring who/what/where/when/how their isk was going to be used.
If the fact that you intended a consolidation of all the other public corps you run had been included in the OP of this thread, it would have been better. Instead that information came out after this thread had been all reserved.
Originally by: Ricdic's Hoe
Originally by: Myrdyr
That's about what this IPO, as it stands, is worth. Nothing but your name.
Is that a compliment?
Not sure if its a compliment, but based on the orginal post that people reserved things on, its a very fair statement. I guess we are selling and buying reps now. Then again this isnt the first time this has happened, and most likely wont be the last. Then again look at how some of those bonds/ipo's based soley on name have been going recently, Ionia anyone?
---
Nothing personal ric, im sure you understand what im saying, and why it needs saying. People are being foolish with their isk again, and need a friendly slap.
--
|
Shar Tegral
|
Posted - 2008.01.29 19:27:00 -
[100]
Originally by: Treelox
Not sure if its a compliment, but based on the orginal post that people reserved things on, its a very fair statement. I guess we are selling and buying reps now. Then again this isnt the first time this has happened, and most likely wont be the last. Then again look at how some of those bonds/ipo's based soley on name have been going recently, Ionia anyone?
My two previous bonds were based solely upon my name as well. It is not a failing that "name" alone can carry a project. Ric's is definitely worth the 100B+ that people speculate. Contrary to what perception previous statements may give I see no problem with issuing a loan to Ric. None at all mind you. My only gainsay here was that Ric picked a BOD that he advertise would not be a rubberstamp. In his enthusiasm, and speculation, he spoke for us before we had a chance to approve anything. When it comes down to process and governance, I'm quite anal. That's all from me. |
Ambo
2nd Outcasters
|
Posted - 2008.01.29 19:36:00 -
[101]
Originally by: Treelox
This makes me sad, really it does. While Ricdic is a trusted person here in MD, the fact that so many people threw money at him, without even the basics of a plan being presented....sad. Not a statement against you Ricdic, more a statement to those that reserved/invested so quickly without even caring who[/i]/what/where/when/how their isk was going to be used.
.
.
.
Nothing personal ric, im sure you understand what im saying, and why it needs saying. People are being foolish with their isk again, and need a friendly slap.
I have to disagree. The 'who' is exactly what we all bought in to. If it was almost anyone else then far more questions would have been asked and the original post would have been derided as, at best, lacking in details, and at worst, a weak scam attempt.
It's exactly because it is[/i] Ricdic that people are willing to trust him with thier money. No one is being foolish here, they are simply reflecting the value of Ricdic's reputation within this community.
--------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
Treelox
Amarr
Market Jihadist Revolutionary Party
|
Posted - 2008.01.29 19:45:00 -
[102]
Originally by: Shar Tegral
My two previous bonds were based solely upon my name as well. It is not a failing that "name" alone can carry a project. Ric's is definitely worth the 100B+ that people speculate. Contrary to what perception previous statements may give I see no problem with issuing a loan to Ric. None at all mind you.
Yes...but you were very up front in your OP's in those bonds that it was soley based on your name and nothing else. Hence I have no problem with that approach in your two cases.
Here the OP has not done such, so i question the feeding frenzy a bit.
--
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Benvie
Benvie Enterprises
|
Posted - 2008.01.29 19:47:00 -
[103]
I think part of the problem is that trust is in such short supply here that it trumps sound business plans and financial planning. To even get that basic guarantee of trust is enough, good business plans are for people who aren't known to be trustworthy.
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Treelox
Amarr
Market Jihadist Revolutionary Party
|
Posted - 2008.01.29 19:48:00 -
[104]
Edited by: Treelox on 29/01/2008 19:50:33
Originally by: Ambo
Originally by: Treelox
This makes me sad, really it does. While Ricdic is a trusted person here in MD, the fact that so many people threw money at him, without even the basics of a plan being presented....sad. Not a statement against you Ricdic, more a statement to those that reserved/invested so quickly without even caring who[/i]/what/where/when/how their isk was going to be used.
.
.
.
Nothing personal ric, im sure you understand what im saying, and why it needs saying. People are being foolish with their isk again, and need a friendly slap.
I have to disagree. The 'who' is exactly what we all bought in to. If it was almost anyone else then far more questions would have been asked and the original post would have been derided as, at best, lacking in details, and at worst, a weak scam attempt.
It's exactly because it is[/i] Ricdic that people are willing to trust him with thier money. No one is being foolish here, they are simply reflecting the value of Ricdic's reputation within this community.
Exactly why i made my first post in this thread, no matter who it is, some questions need to be asked. No one should be above some some vetting, unless you have some "insider information" as to what is actually going to happen.
Ricdic has gone of half*****ed, IMO and yet no one is calling him on it, this is what saddens me.
Look at the last project ricdic started, he "quit" less than a third of the way in, because of RL time constraints. Yet here he is wanting to start something new just a few days after having "quit" that project. Doesnt that concern you in the least?
---edit
added last paragraph. and will most likely end up on the ricdic's least loved people list because of it :(
--
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Kushan
|
Posted - 2008.01.29 19:58:00 -
[105]
Holy crap... knew I shouldn't have gone to sleep last night.:o Damn this was filled fast. Contrary to what some people have said, I think not disclosing the details could be good for the IPO & investors. Advertising what you're doing in a place like this is practically begging for competition... the bigger the head start you can get, the better.
@ Ricdic, we really aught to enforce a "don't feed the trolls" policy. It's pretty obvious that guy is here for the sole purpose of smearing crap. You can reply to him, but what's the point? He'll just be back with a different name later...
Originally by: Atherin Gaius
When do the rest of us get to play? Again the rich get richer and the rest of get to sit on the sidelines and read about all the cool stuff we could invest in an make money in if we sat on the forums for 23 hours a day everyday.
Posts like this never fail to disgust me. It's called capitalism. The people with a lot of isk WORKED for it. If someone is dedicated enough to camp these forums 23/7 just to get in an IPO, they've EARNED their place. I'm curious what you think they should do; stop working to get their isk so others can get it? It's a bit like BoB asking the Coalition nicely to please stop shooting them, because life is just so unfair. PVP - both with spaceships and in the market - isn't fair.
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Kushion
Anti Sweden Defense Force
Galactic Research
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Posted - 2008.01.29 20:00:00 -
[106]
Oops, that's me --^
--
Taggart Transdimensional corporation - | Capitalism | Objectivism | 0.0 | No taxes | No mandatory ops | Join channel TAGGART for more info | |
K'dararle
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Posted - 2008.01.29 20:06:00 -
[107]
Everything about this screams long firm at me. If you dont know what a long firm is google it
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Ambo
2nd Outcasters
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Posted - 2008.01.29 20:07:00 -
[108]
Originally by: Treelox
Edited by: Treelox on 29/01/2008 19:50:33
Originally by: Ambo
Originally by: Treelox
This makes me sad, really it does. While Ricdic is a trusted person here in MD, the fact that so many people threw money at him, without even the basics of a plan being presented....sad. Not a statement against you Ricdic, more a statement to those that reserved/invested so quickly without even caring who[/i]/what/where/when/how their isk was going to be used.
.
.
.
Nothing personal ric, im sure you understand what im saying, and why it needs saying. People are being foolish with their isk again, and need a friendly slap.
I have to disagree. The 'who' is exactly what we all bought in to. If it was almost anyone else then far more questions would have been asked and the original post would have been derided as, at best, lacking in details, and at worst, a weak scam attempt.
It's exactly because it is[/i] Ricdic that people are willing to trust him with thier money. No one is being foolish here, they are simply reflecting the value of Ricdic's reputation within this community.
Exactly why i made my first post in this thread, no matter who it is, some questions need to be asked. No one should be above some some vetting, unless you have some "insider information" as to what is actually going to happen.
Ricdic has gone of half*****ed, IMO and yet no one is calling him on it, this is what saddens me.
Look at the last project ricdic started, he "quit" less than a third of the way in, because of RL time constraints. Yet here he is wanting to start something new just a few days after having "quit" that project. Doesnt that concern you in the least?
---edit
added last paragraph. and will most likely end up on the ricdic's least loved people list because of it :(
Fair point... However, he had no commitments of any kind with that project. They are hardly comparable. In his previous IPOs, which are comparable, he has dealt very fairly with all the investors and provided a good service.
Because of this + his previous forum posts + my opinion of him as a person, I'm willing to invest with no business plan at all. Because I trust him to deliver what he say he will or at least to give me back my money if it all goes horribly wrong.
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Trader? Investor? Just want to track your finances? Check out EMMA |
Matalino
Gallente
Ki Tech Industries
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Posted - 2008.01.29 20:13:00 -
[109]
Originally by: Treelox
Look at the last project ricdic started, he "quit" less than a third of the way in, because of RL time constraints. Yet here he is wanting to start something new just a few days after having "quit" that project. Doesnt that concern you in the least?
I would not worry about that in this case. Having a bit of insider information, I can safely say that there is no risk regarding the time commitment.
As for vetting the viablity of his plan, I don't know the market well enough, so I will not comment there.
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Myrdyr
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Posted - 2008.01.29 20:28:00 -
[110]
Originally by: Matalino
I would not worry about that in this case. Having a bit of insider information, I can safely say that there is no risk regarding the time commitment.
As for vetting the viablity of his plan, I don't know the market well enough, so I will not comment there.
You should recuse yourself completely from the discussion of an IPO from which you stand to gain significant monetary benefit.
Long firm is a great term; I haven't seen that before. Anyway I'm glad I'm not alone in the "WTF?" this post generated. Some of the replies are ridiculous though, to wit:
Originally by: Benvie
I think part of the problem is that trust is in such short supply here that it trumps sound business plans and financial planning. To even get that basic guarantee of trust is enough, good business plans are for people who aren't known to be trustworthy.
Even trustworthy people can lose money.
@Ricdic: Thanks for the benefit of the doubt but this (Myrdyr) is obviously an alt for forum posting. You wouldn't be getting my money in any case, because I'm not as ... challenged ... for isk making opportunities I can conduct myself as others may be.
Please post constructively. ~Saint |
Dreysine
Paratheoanametamystichood
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Posted - 2008.01.29 20:43:00 -
[111]
irrational exuberance so thick you could cut it with a knife.
dont forget that the next big scam is probably gonna come from a trusted member of the community. this IPO is large enough that just about any reputation would be worth trashing to scam that much isk. you can say that ricdic's rep is worth alot more, but there is also an unspoken rule of diminishing returns on isk. is a trillion isk really worth more to a single player than 200 billion? if it was me, i wouldnt see much difference and i probably would just cut and run with the 200 bil.
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Benvie
Benvie Enterprises
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Posted - 2008.01.29 20:45:00 -
[112]
I wasn't condoning what I said, I was speaking from the point of view of a lot of people who invest here. I completely agree, business plan is important in an IPO. Just because Ricdic thinks he has a great idea doesn't mean he does, regardless of how trustworthy he is to not outright steal the ISK.
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Ulstan
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Posted - 2008.01.29 21:25:00 -
[113]
Edited by: Ulstan on 29/01/2008 21:26:53
Quote:
Even trustworthy people can lose money.
I think at this point there is so much isk sitting around, it's not primarily the profitability of ventures that investors are interested in. Look at how quickly even 5% bonds fill up. Look at how anything that sounds even plausible by a trusted source fills up the reservations. Look at how people are buying T2 BPO's for sums that will take them years to regain.
Right now the sticking point for investors seems to be "Are you going to scam me?" If the answer is no, they're happy to shovel over plenty of isk on even rather vague business plans. Maybe it will bomb horribly and they won't earn a single penny. They're no worse off than if they had just left the money in their wallet doing nothing with it. I think they are all aware of the risk of losing money on an investment, but judge that risk to be worth not having vast piles of money sitting around doing nothing. Brand new people, even with very well written business plans, are assailed primarily with 'How do we know we can trust you' questions.
Clearly the demand for investment opportunities is far exceeding the supply of trusted investors. Therefore a trusted investor isn't going to have trouble getting funds, even for a less than meticulous business plan.
I'm not saying that's a bad thing - these investors came to be 'trusted' for a reason.
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Kushion
Anti Sweden Defense Force
Galactic Research
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Posted - 2008.01.29 21:35:00 -
[114]
The investment is 95% secured anyway, correct? So what's the risk? Worst-case scenario is the dividends aren't very good.
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Taggart Transdimensional corporation - | Capitalism | Objectivism | 0.0 | No taxes | No mandatory ops | Join channel TAGGART for more info | |
Dreysine
Paratheoanametamystichood
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Posted - 2008.01.29 21:51:00 -
[115]
Originally by: Kushion
The investment is 95% secured anyway, correct? So what's the risk? Worst-case scenario is the dividends aren't very good.
i dont think he meant that it was 3rd party secured, just secured via assets that are also controlled by ricdic, via one of the corporations he is re-financing with this IPO. please correct me if i have mis-read.
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Myrdyr
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Posted - 2008.01.29 21:55:00 -
[116]
Originally by: Dreysine
Originally by: Kushion
The investment is 95% secured anyway, correct? So what's the risk? Worst-case scenario is the dividends aren't very good.
i dont think he meant that it was 3rd party secured, just secured via assets that are also controlled by ricdic, via one of the corporations he is re-financing with this IPO. please correct me if i have mis-read.
I think he meant to imply that it was 3rd party secured, as he followed up with a post about "electing" a board after he buys out C-R-A from himself with investor money...
Please post constructively. ~Saint |
K'dararle
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Posted - 2008.01.29 22:23:00 -
[117]
News Corportion is a publicly listed company but everybody knows that Rupert Murdoch runs it as his personal fiefdom
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Lukadski
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Posted - 2008.01.29 22:34:00 -
[118]
Originally by: Ricdic's Hoe
...it does relate to research...
Does this mean for instance that you will be researching Small Projectile Ammo BPO Sets to extremely high ME levels? (I heard they sell better if ME is high!!!)
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Treyish
Muff Divers
Gemini Federation
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Posted - 2008.01.29 22:39:00 -
[119]
I would like to reserve 1 billion isk worth of shares.
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Finedele
Marquie-X Corp
Majesta Empire
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Posted - 2008.01.29 22:55:00 -
[120]
if still possible, i'd like to reserve 200 mio worth in shares. please confirm
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Roy2006
White Knight's Production inc.
AKA-AHN KINGDOM
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Posted - 2008.01.29 23:25:00 -
[121]
you can put me down for 100 mill worth
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Roemy Schneider
BINFORD
Solidus Alliance
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Posted - 2008.01.29 23:39:00 -
[122]
...
too late again =(
YARR!! proton's IPO will be ALL MINE!
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putting the gist back into logistics |
Raskor
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Posted - 2008.01.30 00:19:00 -
[123]
I wish to reserve 200m ISK worth of shares (if any are left).
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Ricdic's Hoe
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Posted - 2008.01.30 00:59:00 -
[124]
Originally by: Treelox
Look at the last project ricdic started, he "quit" less than a third of the way in, because of RL time constraints.
Actually that last project still runs as it were. I modified that project to suit my RL and ingame commitments. When you consider time between the two, the market project was between 3-7 hours a day of work whilst this one commands less than a day. Plus it wasn't publically funded. How many publically funded corporations have I given up on before?
More so, how many public corporations have I run that has caused investors to lose money? that's right, not a single one. My failed CPH corporation stlil got people their money and interest back even at a decent personal financial loss to myself.
I just wanted to clear up the "quitter" persona as I have never done this with any publically run corp.
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Ricdic's Hoe
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Posted - 2008.01.30 01:13:00 -
[125]
After having taken it from both sides by the board of EBANK and by the customer's for other reasons I have decided this isn't gonna work. The reason I done this was to push all of my services into one far more manageable one. Anyway for whatever reason it's unlikely to go through so I am announcing the latest changes:
1) C-R-A will go up for auction. It will start at a price of 10 billion isk and sell for whatever price it reaches. C-R-A shareholders will then recieve final dividends based on this.
2) TCCS will liquidate after this next dividend and repay it's investors based on liquidation numbers.
3) CPH I will continue to run as normal slowly buying it back as I have been doing.
OMG Enterprises won't be happening as the key element of it was my ability to privatise it over a few months so I could reduce my public liabilities. Anyway it has been made quite clear to me that EBANK won't have anything to do with this so OMG will not be created. Those who sent funds will get them back. If OMG is re-opened at a later date I will honor those reservations first made.
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Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2008.01.30 01:26:00 -
[126]
Originally by: Ricdic's Hoe
How many publically funded corporations have I given up on before?
Well since you asked......
Seriously though my main objection is that you went off halfchaulked(misspelled on purpose), ideally you should of had your duckies lined up before you went public. Should have thought things out, checked with the BOD before hand, etc etc.
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Ricdic's Hoe
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Posted - 2008.01.30 01:46:00 -
[127]
Originally by: Treelox
Originally by: Ricdic's Hoe
How many publically funded corporations have I given up on before?
Well since you asked......
Did you miss the part where I changed my mind and C-R-A is still completely run by me? I wouldn't call that given up on, I would call that closed down/sold etc. Much like what I am doing with all my corps now
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Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2008.01.30 01:53:00 -
[128]
Originally by: Ricdic's Hoe
Originally by: Treelox
Originally by: Ricdic's Hoe
How many publically funded corporations have I given up on before?
Well since you asked......
Did you miss the part where I changed my mind and C-R-A is still completely run by me?
Your mind was only changed because of public outcry/support/offers of alternate ideas. No I didnt miss the part where C-R-A is once again run by you, after your break of 6(?) months.
Although that whole thread goes to prove the other point I was making about going off half-chaulked. You originally in that thread decided to close down CRA, without having even explored other opitions, or so it seemed. Instead you threw a plan out without having done your pre public annoucement leg work.
As you and I know Ricdic this has been something I have teased you about for the almost the last 2years since we first became friends. It is a strength, but its also a weakness.
We can continue this conversation here if you like, or we can let it go as is. Your choice.
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Cergorach
Amarr
The Helix Foundation
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Posted - 2008.01.30 02:40:00 -
[129]
Alright, so this might not be the best presented business case, and went a bit iffy when other IPOs were bought out without consulting the investors. But instead of pointing fingers at each other, maybe the good folks of MD could layout the plan that it should have been, with all the correct procedures and regulations of MD. That way no one else will make the same mistake, and the next business plan Ridic will meet your approval...
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Astorothe
Aperture Science Industries
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Posted - 2008.01.30 07:49:00 -
[130]
Edited by: Astorothe on 30/01/2008 07:50:15
Edited reason: Stupid profanity filter
Gah, this whole thread was just a c()cktease 
Ze logs show NOTHING! ~ Eve Corp and Fansite Web design, development and hosting services
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Kwint Sommer
Incoherent Inc
Otaku Invasion
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Posted - 2008.01.30 08:01:00 -
[131]
Originally by: Astorothe
Gah, this whole thread was just a c()cktease
Yep, and look how many people bit.
I may have mixed the wrong analogies there....
5% Mining & Manufacturing Implants |
Ambo
2nd Outcasters
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Posted - 2008.01.30 08:55:00 -
[132]
shame 
--------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
cosmoray
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Posted - 2008.01.30 13:59:00 -
[133]
Originally by: Ricdic's Hoe
After having taken it from both sides by the board of EBANK and by the customer's for other reasons I have decided this isn't gonna work. The reason I done this was to push all of my services into one far more manageable one. Anyway for whatever reason it's unlikely to go through so I am announcing the latest changes:
1) C-R-A will go up for auction. It will start at a price of 10 billion isk and sell for whatever price it reaches. C-R-A shareholders will then recieve final dividends based on this.
2) TCCS will liquidate after this next dividend and repay it's investors based on liquidation numbers.
3) CPH I will continue to run as normal slowly buying it back as I have been doing.
OMG Enterprises won't be happening as the key element of it was my ability to privatise it over a few months so I could reduce my public liabilities. Anyway it has been made quite clear to me that EBANK won't have anything to do with this so OMG will not be created. Those who sent funds will get them back. If OMG is re-opened at a later date I will honor those reservations first made.
Ricdic whats the reason for selling all your corp's/IPO's?
One minute you have a plan to create a large conglomerate and now after the financing isn't in place you want to sell all your IPO's.
What does the TCCS and C-R-A state in the original IPO about winding up the business, and how it should be done?
I ask this because you have a good rep on the forums and you and a couple of others (Hexx to name one) have been pushing for certain IPO template standards and have asked new CEO's to come up with more detailed plans and have hounded current CEO's to stick to their business models.
Then you come in with a sales pitch which has no 'so-called' model, and you announce changes to your current businesses without involving shareholders or asking for a vote.
You have just done what you have been railing against for months!!
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Ray McCormack
hirr
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Posted - 2008.01.30 14:02:00 -
[134]
Originally by: Kwint Sommer
Originally by: Astorothe
Gah, this whole thread was just a c()cktease
Yep, and look how many people bit.
I resent being called a willy muncher... 
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Myrdyr
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Posted - 2008.01.30 14:24:00 -
[135]
Originally by: Cergorach
Alright, so this might not be the best presented business case, and went a bit iffy when other IPOs were bought out without consulting the investors. But instead of pointing fingers at each other, maybe the good folks of MD could layout the plan that it should have been, with all the correct procedures and regulations of MD. That way no one else will make the same mistake, and the next business plan Ridic will meet your approval...
This is the part where, as I predicted privately, Ricdic /emoragequits. He's not willing to present a reasonable business proposal. To paraphrase: You should do your own research.
So should he.
Got a light, Ricdic?
Please post constructively. ~Saint |
Ricdic's Hoe
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Posted - 2008.01.30 14:25:00 -
[136]
Originally by: cosmoray
Ricdic whats the reason for selling all your corp's/IPO's?
Privatisation. I wanted everything in one neat bunch as my ventures pretty much all piggyback off each other.
Quote:
One minute you have a plan to create a large conglomerate and now after the financing isn't in place you want to sell all your IPO's.
I wanted the freedom to be able to handle my operations the way I felt fit, the way to shut them down if they weren't performing well, modify them to suit different scenario's etc, and ultimately lead to them being personally owned ventures.
Quote:
What does the TCCS and C-R-A state in the original IPO about winding up the business, and how it should be done?
Dunno about TCCS as I had it passed to me by Erfnam but I don't believe either state anything specific regarding closure. These corporations started well before IPO regulations etc came into play.
Quote:
I ask this because you have a good rep on the forums and you and a couple of others (Hexx to name one) have been pushing for certain IPO template standards and have asked new CEO's to come up with more detailed plans and have hounded current CEO's to stick to their business models.
I don't like the template myself. It's only decent purpose in my eyes is to make sure people are saying enough information about their ventures. But it's so cookie cutter I could have copy pasted 10 other people's ventures combined and had it pass your (investors) eyes. Instead I done as I have always done. I made sure everything was stated and released my data.
People normally need good business templates because they are trying to bs a person into trusting them. As I said to a troll a while back I am not here to make things look pretty. I am stating what needs to be stated and people will or won't invest based on that. Now people did choose to invest on that so obviously I was correct in my assumptions.
Quote:
Then you come in with a sales pitch which has no 'so-called' model, and you announce changes to your current businesses without involving shareholders or asking for a vote.
That entire structure is in the best interests of the shareholders. If I run things as an auction of some form I guarantee shareholders will lose money. I turned C-R-A into the largest research organisation Eve has ever seen, I converted TCCS from a dud share everyone had thought was finalised into a behemoth shooting out dividends far more impressive than almost every other corporation in Eve. As a public corporation I failed with CPH. I should have written it off. Instead I have been personally funding my failure, paying for corporate losses through personal isk.
I have made my shareholders a lot of money. I was offering them very nice sums of money to cash out or convert to OMG. Why? Well would you like to perform an Asset Listing for C-R-A. I will pay you 100m to do it. Don't forget to count the 1200 bpo's and 3500 bpc's in corp hangars, make sure not to value staff owned blueprints in your valuation, go and count all the hangars, don't miss the fuel in some of the towers, and don't forget to bypass the mobile labs not owned by C-R-A.
My last valuation of C-R-A has not really changed. My last valuation of TCCS has not changed. Now, I last valued C-R-A at 17.5b (NAV) or thereabouts, and couldn't even get a 15b purchase offer for it, even with a 700+ member customerbase. But absolutely, shareholders WANT me to auction it off, then fine. It's their wallets being damaged in the end.
The whole structure behind OMG benefitted every single entity involved. Sadly so many people chose to ignore this completely. Anyway the offer is off the table. I am selling up my responsibilities one way or another. I will keep going with EBANK but that's it.
Obviously you guys are more comfortable putting 550b into Ionia's hands without a single question or statement so I will leave you to keep doing that.
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cosmoray
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Posted - 2008.01.30 14:57:00 -
[137]
I am happy now. Thx for answering questions
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Raskor
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Posted - 2008.01.30 15:35:00 -
[138]
Originally by: Ricdic's Hoe
Obviously you guys are more comfortable putting 550b into Ionia's hands without a single question or statement so I will leave you to keep doing that.
You sell out a 100b IPO in under 4 hours and complain because some people ask a few legitimate questions?
I understand you are upset that EBANK won't back your loan, but now you are going to "pick up all your toys and go home" ???
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