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MilowFV
Echo Heavy Industries
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Posted - 2008.03.31 14:27:00 -
[31]
I think LRN is one of Yougotripped's alts.
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Shadarle
LI0NS Industries
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Posted - 2008.03.31 15:48:00 -
[32]
Originally by: LaVista Vista If you thought you were gonna invest in the ENTIRE corp, surely you must have considered few things:
I'll tell you what I should have considered. I should have considered that it was a flat out lie, a load of bull that was being peddled. If I had done that then I would have been much better off, but at the time I was less cynical and it seemed everyone and their brother was investing based on the stellar reputation of ISS/SS/etc.
These days multi-person IPO's are all the rage, E-Bank for example. More people means less work for each person. It also means more distributed isk, less risk of total scam. Clearly ISSO didn't know how to handle as much money as they asked for, but it is not foolish to think a corp could go public and have it turn out excellent. Perhaps it was foolish to think ISSO in particular could, but now we know better in that regard.
But anyone assuming ISSO was run well is deluding themselves. The problem was with the management. There was absolutely no communication on important issues, starting with SS and continuing identically with her successor. If you look through the old ISS threads my largest complaint of all was the communication. If they had simply made a few more posts explaining wth was going on I'd have shut up.
This time around I am far wiser. I was lied to once by this person, why should I expect it to be any different this time? I'll of course wait for the real plan and to see who the auditor is (to see if that person is trustworthy or just some nobody who might be an alt).
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Shadarle
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Posted - 2008.03.31 16:03:00 -
[33]
Originally by: EBANK Ricdic There was a big kerfuffle mainly led by Shadarle and Roemy about the ISS issue. Pretty similar kind of slinging match to what I had in the C-R-A thread this week. Also pretty similar to the slinging match had with BMBE over that NAV depreciation issue
I wouldn't equate your own thread to any of these others. You don't even rank close to them in the level of kerfluffleness. I merely pointed out your own admissions of laziness causing investors to lose out on profits. At least you kept them informed, payed out somewhat respectable amounts, and didn't lie about anything.
FRPB, FIN, ISSO, BMBE, Zerodot, etc all had much larger problems than you did. They all involve/involved a very trusted CEO withholding vital information from investors for long periods of time or mis-stating value of assets to the detriment of shareholders or simply disappearing with all of the investors money as well as problems with dividend payment either not coming for months upon months, or divs changing contrary to the rules laid out in the IPO launch.
Ironically, all of these were run by well known, well trusted, well respected people.
This is what happens when someone is so trusted that you allow them to slack on reporting, slack on their efforts, etc. Investors have to stay on the CEO's, that's part of the bargain for giving away their money to the CEO.
Call me a consumers advocate if you'd like. Others here can talk about their ratings boards, credentials committees, credit bureaus, etc... I am actually doing what they should be. No CEO likes being the target of me, but I don't go after one unless they deserve it and I don't avoid going after someone because they are well known. I ruffle a few feathers here and there, but I say what needs to be said and I honestly do not care who doesn't like it.
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Serenity Steele
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Posted - 2008.03.31 21:33:00 -
[34]
Originally by: EBANK Ricdic Or you could skip the whole public thing and speak to EBANK about a personal/corporate loan.
Thanks Ricdic, If I ever need the cash I am of course aware of EBANK and it's success 
The fact is that I don't run an IPOs because I can't invest the ISK myself, I run an IPO because I want players to share in the excitement and risk of an idea and use their shares to exercise their vote on it's development. The outpost IPOs were to secure the outposts as free trade-hubs. The IPO in the ISSO was to share in the future of an alliance that enables 0.0 access for new players.
I learnt many lessons we from the Outpost, ISS IPOs and from seeing the adventures of entrepreneurs on these forums. Comparing back to those first and early IPOs, the main aspect we lacked was satisfying the hunger and demand for both public information outside the shareholders group, and more detailed information to the shareholder group. Hence the role of auditors.
This IPO, at it's core, is about a reality-check on EvE. It needs people to hold shares and exercise their wallet and vote for or against that reality.
http://www.eve-maps.com/outpostalert/alliancerank.asp Please visit your user settings to re-enable images. ≡v≡ Strategic Maps - Outposts & Sov - Alliance Rank[/url] |

Hexxx
Sebiestor tribe
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Posted - 2008.03.31 22:53:00 -
[35]
Originally by: Serenity Steele
Originally by: EBANK Ricdic Or you could skip the whole public thing and speak to EBANK about a personal/corporate loan.
Thanks Ricdic, If I ever need the cash I am of course aware of EBANK and it's success 
The fact is that I don't run an IPOs because I can't invest the ISK myself, I run an IPO because I want players to share in the excitement and risk of an idea and use their shares to exercise their vote on it's development. The outpost IPOs were to secure the outposts as free trade-hubs. The IPO in the ISSO was to share in the future of an alliance that enables 0.0 access for new players.
I learnt many lessons we from the Outpost, ISS IPOs and from seeing the adventures of entrepreneurs on these forums. Comparing back to those first and early IPOs, the main aspect we lacked was satisfying the hunger and demand for both public information outside the shareholders group, and more detailed information to the shareholder group. Hence the role of auditors.
This IPO, at it's core, is about a reality-check on EvE. It needs people to hold shares and exercise their wallet and vote for or against that reality.
Communication was a small facet of the issue.
There were management issues, strategic plunders, political gaffes, etc. I'm not going to rehash gorey details here (and nor should anyone else), my point is that communication isn't the end all of how to run an IPO.
Please don't take this as a belittlement of communication; it is certainly critical, my post serves only as a warning against narrowing your field of focus to simply a single facet.
Ironically, I just had a discussion not too long ago with someone about Outpost IPO's and their validity. I don't think they are a failure; just very difficult to do. Finding a "team" of people who are able to navigate the treacherous waters of 0.0 (both politically and militarily)is no easy task.
I have other thoughts on the subject; I'd be happy to talk to you about them sometime.
Director | www.eve-bank.net
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Serenity Steele
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Posted - 2008.04.01 10:45:00 -
[36]
Originally by: Hexxx
Communication was a small facet of the issue.
There were management issues, strategic plunders, political gaffes, etc. I'm not going to rehash gorey details here (and nor should anyone else), my point is that communication isn't the end all of how to run an IPO.
Please don't take this as a belittlement of communication; it is certainly critical, my post serves only as a warning against narrowing your field of focus to simply a single facet.
Ironically, I just had a discussion not too long ago with someone about Outpost IPO's and their validity. I don't think they are a failure; just very difficult to do. Finding a "team" of people who are able to navigate the treacherous waters of 0.0 (both politically and militarily)is no easy task.
I have other thoughts on the subject; I'd be happy to talk to you about them sometime.
Hexxx, I agree with your point about communication not being the only facet, my focus was simply on the key thing lacking from my previous participation.
I'll take you up on the invitation to talk 
http://www.eve-maps.com/outpostalert/alliancerank.asp Please visit your user settings to re-enable images. ≡v≡ Strategic Maps - Outposts & Sov - Alliance Rank[/url] |

Roemy Schneider
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Posted - 2008.04.01 10:45:00 -
[37]
would you embrace thorough aka "uncomfortable" investors to become auditors aswell? 's true; lots of tinfoil hattery and i guess i consider myself to be on that train: this isn't one of those flashy public announcements (and you got all your buddies lined up for auditing already)?
and... could auditors be required to invest rather that being paid (handsomely)? -
Please visit your user settings to re-enable images. putting the gist back into logistics |

Serenity Steele
Per.Capita
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Posted - 2008.04.02 12:45:00 -
[38]
Originally by: Roemy Schneider would you embrace thorough aka "uncomfortable" investors to become auditors aswell? 's true; lots of tinfoil hattery and i guess i consider myself to be on that train: this isn't one of those flashy public announcements (and you got all your buddies lined up for auditing already)?
and... could auditors be required to invest rather that being paid (handsomely)?
Yes, as long as they meet the requirements. I don't see how requiring Auditors to invest would necessarily be beneficial for the investors in this particular IPO, but I'm willing to consider it.
 ≡v≡ Strategic Maps - Outposts & Sov - Alliance Rank |

Prodigal
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Posted - 2008.04.02 17:46:00 -
[39]
It would actually be interesting to be an auditor on this.
If you need more than one, I would like to put up for consideration.
Just for arguments sake though, the fees for auditing should come out of the Corporation that is being audited. Auditing fees coming from yourself undermines the purpose of the audit.
Cheers,
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Elisa Day
Koshaku Brutally Clever Empire
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Posted - 2008.04.02 20:34:00 -
[40]
I miss ISS threads.
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EBANK Ricdic
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Posted - 2008.04.03 00:51:00 -
[41]
It almost seems like we are going backwards in time.
* The ISS owner is coming back with a new big ipo * BMBE is going back to TornSoul ownership
I might need to see if Erfnam wants to take back TCCS then it will be like old days. Cally will probably come back and restart the EIB.
http://www.eve-bank.net Please visit your user settings to re-enable images.[/url] |

Serenity Steele
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Posted - 2008.04.03 01:02:00 -
[42]
Originally by: EBANK Ricdic It almost seems like we are going backwards in time.
* The ISS owner is coming back with a new big ipo * BMBE is going back to TornSoul ownership
I might need to see if Erfnam wants to take back TCCS then it will be like old days. Cally will probably come back and restart the EIB.
With the exception that I'm not the ISS Executor since ... a looong time 
Mind you, the universe could do with an alliance that enables new players to gain access to 0.0.
http://www.eve-maps.com/outpostalert/alliancerank.asp Please visit your user settings to re-enable images. ≡v≡ Strategic Maps - Outposts & Sov - Alliance Rank[/url] |

EBANK Ricdic
Eve-Tech Savings n Loans Zzz
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Posted - 2008.04.03 01:38:00 -
[43]
Yeh agreed, just odd that's all 
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Kai Wooglin
GoonFleet GoonSwarm
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Posted - 2008.04.07 04:58:00 -
[44]
Originally by: Serenity Steele
Originally by: EBANK Ricdic It almost seems like we are going backwards in time.
* The ISS owner is coming back with a new big ipo * BMBE is going back to TornSoul ownership
I might need to see if Erfnam wants to take back TCCS then it will be like old days. Cally will probably come back and restart the EIB.
With the exception that I'm not the ISS Executor since ... a looong time 
Mind you, the universe could do with an alliance that enables new players to gain access to 0.0.
One exists already.
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LaVista Vista
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Posted - 2008.04.07 05:49:00 -
[45]
Serenity, could you perhaps try and just address what your relation to the whole Per Capita thing? Does this IPO have to do with this?
http://eveservices.net/campaign/default.html Please visit your user settings to re-enable images.[/url] |
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