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Arctan Imii
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Posted - 2008.02.04 05:28:00 -
[1]
summary
I have started EvE wanting to be involved in the market, build business and become wealthy. As such I have decided to start an IPO.
This IPO is meant to provide me with an opportunity to establish myself in the community of EvE as an able business manager. But also to build trust and develop relationships with investors.
Business Plan
My business is trading. My plan is to trade between Oursulaert, Dodixie and Aunia. There will be 3 main components to my plan
1. Loots from missions
Named items bought from mission hubs and resold, possibly hauled. Possible reprocessed. the return can be quite high though the competition is fierce on some modules 10-50% per week
2. Mission related items
- drones :you can make good money if competition is low 10-100%+ per week - ammunitions :competition is high so margin is low. high volume. orders fill quick. 10-20% a week - high demand t2 items i.e. hardeners, cap rechargers, rigs :potential for good profit 10-50% a week
3. minerals
Minerals / reprocess loots bought from mission hubs. I am uncertain as to the profitablity. My estimate is at 10-20% a week.
Security
Should the investors want, a trustee can be voted to act as a CEO for my corporation. As a CEO, he will create 5 departments. I will be able to access corp wallet with 1/5th of total isk at a time. This will ensure that in the event that I were to be abducted, money can be returned to investors. Additionally, this will minimise the damage done should I turn out to be a scam.
This is just an early plan, the actual implementation of this should be discussed in the thread.
Numbers
Total number of shares
1,000 - one thousand
price per share
1,000,000 - one million
total value
1,000,000,000 - one billion
interest payment
12% per month +
25% of net profit after 6 months
length
6 months
total payout
72% interest + 100% orginal + 25% of total profit per share
Questions
Q. Are you a scam?
A. No.
Q. What would happen in the event that you fail?
A. I will repay investors as best I can. Then I will apologise for my failure.
Q. What would happen if you were to be War dec'ed?
A. A war dec would be quite bad and will affect my operation. Nonetheless, should a war occur, it will not be very hard to play around it.
Q. Will you buy back shares?
A. I will buyback share at 50% depending on availability of fund.
Q. Only 50%?
A. Yes. Share buyback will impede my operation and as such i must discourage it.
Questions and suggestions are most welcomed.
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Kwint Sommer
Incoherent Inc Otaku Invasion
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Posted - 2008.02.04 05:39:00 -
[2]
I like the concept but the details definitely need to be fleshed out and I'm not really in position to do that at the moment, good luck though. I recommend you talk to a representative of EBANK about actual details of how to secure it.
5% Mining & Manufacturing Implants |
Khanar Liden
East Khanid Trading
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Posted - 2008.02.04 05:40:00 -
[3]
Um...wow...kinda feel like you gave away too much info in your ipo documentation...places/item types...*blinks*
Recruitment Thread EKT Website |
Shar Tegral
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Posted - 2008.02.04 05:41:00 -
[4]
Let me offer some suggested changes. Originally by: Arctan Imii Q. Will you buy back shares?
A. At a future time once operational funds support a buy back. However it will only be in amounts to avoid crippling the long term viability of the ipo.
Q. Only 50%?
A. Yes. Share buyback will impede my operation and as such i must discourage it.
If your concern is x... just say x isn't happening till it is not a concern. The part where you say 50% buy back will make most investors look elsewhere and in truth 50% is not, I hope not, a concrete number. So I think this might fit your circumstances better. BTW we haven't you considered more private funding for this sum? |
Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2008.02.04 05:43:00 -
[5]
who are you?
why should we trust you?
do you have the experience to be able to be profitble considering all the competition you will have in the 3 hubs you mentioned?
got main?
what skills do you have to facilitate your plans?
will you be hauling or using courier contracts?
do you plan on having your shares listed on the exchanges?
enjoy the questions, ill be back later to check on your answers. --
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Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2008.02.04 05:44:00 -
[6]
Originally by: Shar Tegral BTW we haven't you considered more private funding for this sum?
Yeah, got to agree with Shar here, sure seems like your plan would be better served with a private investor or loan from one of the public loan agencies --
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Kylar Renpurs
Dusk Blade
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Posted - 2008.02.04 05:50:00 -
[7]
Originally by: Treelox <machine-gunned questions>
enjoy the questions, ill be back later to check on your answers.
lol, you remind me of a military corporal/officer there Treelox :)
But that's pretty fair. From my own perspective, I can understand this sorta movement (having initially come out to the public asking for 2 billion), I'd like to see a bit more depth to what this guy's got to say tho.
Improve Market Competition! |
Arctan Imii
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Posted - 2008.02.04 05:51:00 -
[8]
why should we trust you?
up to you to decide
do you have the experience to be able to be profitble considering all the competition you will have in the 3 hubs you mentioned?
yes
got main?
no
what skills do you have to facilitate your plans?
will you be hauling or using courier contracts?
hauling
do you plan on having your shares listed on the exchanges?
no
enjoy the questions, ill be back later to check on your answers.
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Kwint Sommer
Incoherent Inc Otaku Invasion
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Posted - 2008.02.04 06:08:00 -
[9]
A verification of skills is always nice and if you've been trading this can be confirmed using the API key. I would suggest you contact a member of EBANK about doing an audit of your character's skills and trading history to verify that you are indeed prepared to and experienced in this sort of business. You have my word that EBANK is trustworthy and frankly if you don't trust them then no IPO is trustworthy.
5% Mining & Manufacturing Implants |
Kwint Sommer
Incoherent Inc Otaku Invasion
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Posted - 2008.02.04 06:12:00 -
[10]
I should add that getting a full API key audit by a trusted 3rd party is one of the few concrete things you can do to back up your statements and given that you have no reputation, history or anyone to vouch for you, you are pretty much forced to accept such measures if you expect to get significant public funds so if you have some sort of resolute objection or know you'll fail you might as well save us all the trouble and close the thread now. That said, those who are legit find it a minor inconvenience as I hope you will.
5% Mining & Manufacturing Implants |
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Shar Tegral
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Posted - 2008.02.04 06:15:00 -
[11]
Originally by: Kwint Sommer You have my word that EBANK is trustworthy and frankly if you don't trust them then no IPO is trustworthy.
I appreciate your sentiments entirely but to be honest it also made me very very uncomfortable at the same time. Hmmmm... It is hard to extract that reasons that I found it uncomfortable other than a thread last week where someone said Ebank is not above question nor reproach. I'd be happy to help you with verifying skills and/or any past trading history you may have. Via the various utilities it is relatively easy to do this kind of back checking upon a person and shortly after you do give me the info, say 24 hours, you can easily change the key to lock me back out again. I do work with, or for, Ebank but I like to think I'm trustworthy in spite of that connection. Actually, if everything checks out to my satisfaction, let me be the first to reserve 500M. |
Arctan Imii
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Posted - 2008.02.04 07:00:00 -
[12]
I apologise but sharing my IPO would be giving away too much information.
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Ambo
2nd Outcasters
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Posted - 2008.02.04 07:07:00 -
[13]
Assuming the person holding the security (80% of the total NAV at any one time) is a trusted 3rd party, I'm in for 500 mil. Until this detail is sorted to my satisfaction you're not getting any money though.
Who did you have in mind?
--------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
Shar Tegral
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Posted - 2008.02.04 07:30:00 -
[14]
Originally by: Arctan Imii I apologise but sharing my IPO would be giving away too much information.
Firstly, I'm not competition. Secondly, the amount of funds you are going to be using wouldn't make you competition even if I was. Lastly, I'm not asking for details of your ipo (as you already gave enough info imho) but I was asking for your full api key. This would enable me to look at your character sheet to determine if you have the right skills to do this IPO. It would also allow me to look at your financial activity. This last point is basically a form of background check. Not infallible, by no means, but for someone without any history it is pretty proforma.
To Shar -verb: 1 - To say what you mean. 2 - To say what it means. 3 - To say something mean. |
Shadarle
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Posted - 2008.02.04 07:37:00 -
[15]
We've become much more cynical around here. If you want an IPO you have to provide some way for people to trust you or to think you're a good guy. Starting very small is a good idea... but it's much tougher now than it used to be to get investors. API keys are becoming all the rage. Alternatively if you have some people vouching for you it helps a lot as well.
If you don't trust one of the respected members of this forum to not abuse your API key (which you can change the second the check is done) then why should we trust you? If you're unwilling to trust then others won't be willing to either. I generally am not a big fan of API keys being used... but with all the new people with no histories at all trying to basically get loans lately it seems it may be necessary in some cases.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Arctan Imii
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Posted - 2008.02.04 07:42:00 -
[16]
sharing API key would be sharing too much information.
I understand the scepticism being put forward, but I do not feel comfortable sharing my API. Some of you would surely retort :"oh then why should we be comfortable sharing our money". All i can say is that I am putting myself forward, without an API. This might discourage some investors or even most investors, but I hope it won't discourage all investors.
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Shar Tegral
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Posted - 2008.02.04 07:47:00 -
[17]
Originally by: Arctan Imii This might discourage some investors or even most investors, but I hope it won't discourage all investors.
It will likely discourage 99.99% of all likely interested parties. For it seems that you have something to hide. I won't be investing in you. Good luck to you though. At this point you need it.
To Shar -verb: 1 - To say what you mean. 2 - To say what it means. 3 - To say something mean. |
Shadarle
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Posted - 2008.02.04 07:54:00 -
[18]
Originally by: Shar Tegral
Originally by: Arctan Imii This might discourage some investors or even most investors, but I hope it won't discourage all investors.
For it seems that you have something to hide.
Indeed.
I admire you are taking a stand, I wouldn't share my API key either. But there is a difference, I don't have to. You, on the other hand, come here out of the blue asking for money.
It's like walking down the street asking a bunch of strangers to give you $1,000 and you'll pay then $100 a month back and at some point in the future you'll give them their initial $1,000 back as well. Some may ask what proof do they have you will not run away with it and you tell them "none". Do you honestly think anyone would take you up on that?
Now swap you out with a celebrity, like Donald Trump. He walks down the street and makes that same offer to people.
See the problem? You're a total stranger.. you need to give us a reason to trust you. Telling us you don't trust us is only hurting your cause.
And yes, there have been people who have asked for money, not given out their API, and gotten it. They have found some way to convince people that they are trustworthy. Generally though if you haven't posted here before you're in for a tough time asking for money.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Arctan Imii
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Posted - 2008.02.04 08:04:00 -
[19]
Originally by: Shadarle
Originally by: Shar Tegral
Originally by: Arctan Imii This might discourage some investors or even most investors, but I hope it won't discourage all investors.
For it seems that you have something to hide.
Indeed.
I admire you are taking a stand, I wouldn't share my API key either. But there is a difference, I don't have to. You, on the other hand, come here out of the blue asking for money.
It's like walking down the street asking a bunch of strangers to give you $1,000 and you'll pay then $100 a month back and at some point in the future you'll give them their initial $1,000 back as well. Some may ask what proof do they have you will not run away with it and you tell them "none". Do you honestly think anyone would take you up on that?
Now swap you out with a celebrity, like Donald Trump. He walks down the street and makes that same offer to people.
See the problem? You're a total stranger.. you need to give us a reason to trust you. Telling us you don't trust us is only hurting your cause.
And yes, there have been people who have asked for money, not given out their API, and gotten it. They have found some way to convince people that they are trustworthy. Generally though if you haven't posted here before you're in for a tough time asking for money.
so you are comparing yourself to Donald Trump? But why?
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Shar Tegral
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Posted - 2008.02.04 08:08:00 -
[20]
Originally by: Arctan Imii so you are comparing yourself to Donald Trump? But why?
This is so beside the point. Don't question the accuracy of what you think is his self descriptive analogy. That is a waste of your time. Focus on the analogy of who you represent. Not doing so only increases the likelihood of your total failure with this ipo.
To Shar -verb: 1 - To say what you mean. 2 - To say what it means. 3 - To say something mean. |
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Shadarle
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Posted - 2008.02.04 08:08:00 -
[21]
Originally by: Arctan Imii so you are comparing yourself to Donald Trump? But why?
If that's what you got out of that then you definitely don't deserve an investment from anyone.
Perhaps if you read these forums a bit you'd not have to ask. Knowing the market is fundamental for any trader... you didn't know the market when you posted this and you've been burned because of it.
Tanking Setups Compared
Stacking Penalty / Resists Explained |
Arctan Imii
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Posted - 2008.02.04 08:27:00 -
[22]
what would you think my options are if API is not one of them?
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Ambo
2nd Outcasters
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Posted - 2008.02.04 08:30:00 -
[23]
Originally by: Ambo the person holding the security... Who did you have in mind?
In my mind this makes the other questions mostly irrelevant. Sure, it's still risky investing in an unknown and the returns could be below par but if 80% of my investment is secure then I'm willing to take the risk.
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Trader? Investor? Just want to track your finances? Check out EMMA |
Shar Tegral
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Posted - 2008.02.04 08:35:00 -
[24]
Originally by: Arctan Imii what would you think my options are if API is not one of them?
I don't rightfully know. You are kind of in the situation of having walked into a bank, asked for a loan, but refuse to give out any information or allow any background checking. Exactly what do you think your options are at this point? If I had to suggest one... go make the money yourself. Prove you can do it without asking for a leg up. It'll take longer but it'll be all yours without the need for any conditions or social engineering.
To Shar -verb: 1 - To say what you mean. 2 - To say what it means. 3 - To say something mean. |
Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2008.02.04 08:39:00 -
[25]
Edited by: Kazuo Ishiguro on 04/02/2008 08:40:51 Giving someone else your API key doesn't mean that they can follow your every move forever. You can change the key as soon as they've done a background check and the one you gave them will stop working.
Another option just to let people see your skills would be to enter your limited api key into ineve.net, which then generates an API-verified profile that you can link us to.
It seems a bit odd to ask for 1bn isk when you're only going to be using 200m at any one time (if I understand you correctly). Do you have any isk or items of your own that you could hand over as collateral for the duration of the IPO?
I'm not as concerned about buyback as some of the other people here. 6 months is a reasonable timeframe, and you're not working with a very large amount of isk, so you're more vulnerable than some larger operations are.
I might be interested in investing 250m or so when you've finalised your security/audit arrangements. Please keep me informed. My research services Spreadsheets: Top speed calculation - Halo Implant stats |
Quilan Mesura
Pangalactic United Trading
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Posted - 2008.02.04 08:47:00 -
[26]
Originally by: Arctan Imii what would you think my options are if API is not one of them?
i have asked recently for a similar sum, not given out my api and haven't got any money - similar background although i would have been able to show stats of my business from the last month.
have you been trading in this market already or did you just research the possible profits? because really working on the market can be tougher than the trade-stats indicate - and if you are trading in the market already you will make the bil quite fast (1 month?)
finally - i totally understand that one doesn't want to publish the api-key - but if you say it would give out too much information, while you've already talked about all items and locations, all the additional information it does give is your main/alt - investors don't like it either if you are not giving out your main's identity.
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Arctan Imii
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Posted - 2008.02.04 10:21:00 -
[27]
I would really like to be able to make this happen. Maybe someone would take a plunge?
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Cushan
Anti Sweden Defense Force Galactic Research
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Posted - 2008.02.04 10:34:00 -
[28]
You're 17 days old, and your first post is a fairly detailed IPO. I find that... interesting. You know enough to read MD and can figure out how to write an IPO, but the trust issue totally eludes you? You have no contract history and no standings. No on has ever heard of you, and your first post is asking for money. There is absolutely no reason to trust you, and you don't even attempt to offer a valid reason as to why we should trust you.
If I wasn't almost completely convinced you were a scammer I might try to help you out. But you're either a scammer, or a very foolish individual. If you're actually serious about this, I suggest doing a lot more reading of the stickied threads in this forum, developing a reputation, and coming back with a much better plan in a few months. --
Taggart Transdimensional corporation - | Capitalism | Objectivism | 0.0 | No taxes | No mandatory ops | Join channel TAGGART for more info | |
Ambo
2nd Outcasters
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Posted - 2008.02.04 10:46:00 -
[29]
Originally by: Arctan Imii I would really like to be able to make this happen. Maybe someone would take a plunge?
I've already said I'd be in for 500 mil but your avoidance of my question concerns me. I'm not going to be investing in you without security, or at least proof of past experience by looking through your trasnactions (i.e. making your API key available)
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Trader? Investor? Just want to track your finances? Check out EMMA |
Danari
Amarr Viper Squad Triumvirate.
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Posted - 2008.02.04 14:30:00 -
[30]
Originally by: Arctan Imii
so you are comparing yourself to Donald Trump? But why?
Lawl, why indeed. Sign me up for 500mil worth of shares just for the emperor has no clothes riposte. I don't give a **** if it ever pays off, scam me for all I care.
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