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cosmoray Cosmoray Construction	Posted - 2008.06.02 00:47:00 - [1] Cosmoray Construction IPO Chapter 1 - Summary of IPO Chapter 2 û Background Chapter 3 û Business Plan Chapter 4 û Assets Chapter 5 û Share Structure, Management Fees, Dividends, Share Listing Chapter 6 û Exit Strategy Chapter 7 - Share Purchase & Buyback Chapter 7 û FAQ Chapter 1 û Summary I am looking to raise 12B ISK to expand my current T1 ship manufacturing company through the purchases of further T1 BPOÆs (already researched) and minerals to establish a 16B ISK business. Chapter 2 û Background I currently run a T1 construction business. It is not very glamorous or particularly risky but does generate consistent profits and has done so for nearly a year. The current business I value at about 4B ISK at NPC evaluations on the BPOÆs. This is made up of 2.7B in BPOÆs and 1.3B in minerals. Over the past year this has regularly returned between 8-12% profit per month. At present apart from running missions or exploration this is my only business, as I do not enjoy trading where the bigger risks and rewards are. Chapter 3 û Business Plan To expand my business I am planning on raising 12B ISK which will purchase 9B ISK worth or researched BPOÆs (7 BS BPOÆs) and 3B in minerals. I will inject my 4B in assets into the corporation giving a total value of 16B. With the new business I plan to continue making T1 ships for missions runners and expand into suppling Faction Wars T1 ships and ammunition. After detailed analysis I expect the business to make around 1.4-2.0B ISK per month (8.75-12.5%) per month. After management fees, I expect to pay out a dividend equivalent to 6.5-8.5% of ROI per month. I consider the chance of success and meeting the results as high, as this type of business is very predictable. The business plan is low risk but also medium reward, but higher than putting in the bank. Chapter 4 û Assets I plan to inject 4B in assets into the company. This comprises 1.3B in minerals and 2.7B in BPOÆs which are as follows: Rupture, Vexor, Stabber, Thorax, Caracal, Drake, Myrmidon, Hurricane, Brutix, Harbinger and Geddon. The 12B injected capital will purchase 7 BS BPOÆs worth 9B ISK and a further 3B in minerals to facilitate production. Chaper 5 - Share Structure, Management Fees & Dividends Share Structure Cosmoray Construction will have 16,000 shares valued at 1million ISK per share I will retain 25% or 4,000 shares for the injection of my assets into the business 12,000 shares will go on sale for 1 million ISK per share Management Fees The management will take a 40% of profits fee for running the business Dividends 60% of the monthly profits will be paid out as dividends Monthly dividend returns to shareholders are expected to be in the range of 6.5-8.5% ROI. Share Listing I plan to list the shares on one of the exchanges (if the market still exists). This should make the shares tradable. Chapter 6 û Exit Strategy I plan to fold the business if any of the following occur: Dividends drop beneath 5.6% per month (Fury Bank rate) Get bored/burnt out Business plan fails Nerfs destroy business If I do have to fold the business I plan to sell all BPOÆs via the sell forums and quickly liquidate the minerals on the market. At this point all money will be distributed back to shareholders via special dividends. Hit by the bus strategy: My brother has acces to my account, and has instructions to liquidate the business according to this plan. If this eventuality occurs it will not be in my hands and you can blast me all day on the forums because I wonÆt be responding.
cosmoray Cosmoray Construction	Posted - 2008.06.02 00:47:00 - [2] Edited by: cosmoray on 02/06/2008 00:49:00 Chapter 7 û Share Purchase & Buyback If you wish to invest you may make reservations below, but payment should be made to: Cosmoray Maximum investment will be 500M ISK to allow more than a few investors. I will start sending shares after receiving money on Monday (2nd June) evening 23.00 game time, after I get home from work. I will offer a buyback on the shares after 6 months for 95% original purchase price. I am hoping share listing will take care of this problem, and shares can be sold on the market. Chapter 8 û FAQ Q: Is this a scam A: No. Not much more I can say. I think I have a decent enough of a reputation here and have been an active contributor for about 9 months. If I wanted to scam I could come up with a better business plan than this a maybe get more cash. Q: How do you know this will work A: This is about as low risk for business plans as there is. In fact its positively boring. This makes the returns predictable, but it also means the returns wonÆt be stellar. Q: What if I Cosmoray Construction gets wardecced A: Cosmoray Construction is a holding company, and Cosmoray doesnÆt leave base Q: Who will be doing construction and moving of assets around. A: I have 2 other characters who handle all construction at mission hubs. These characters rarely leave the stations but if BPOÆs are being moved I do via cov-ops and no AFK flying. Q: Can the BPOÆs be locked down? A: No, because I do move my assets around depending on demand. I am also not sure about the sales points for the FW expansion and I will have to move quickly and donÆt have time to facilitate a vote each time. Q: Why am I doing this? A: I like my business, and this allows an easy expansion and furthers the opportunity to get richer. Q: Will I allow an API audit? A: No. Sorry but I am not keen on anyone looking through my account details no matter what the reputation. Q: My background A: If you need this, I am mid 30Æs and work for a chemical company. I was an engineer and now work in corporate communications I am sure you have lots of questions, and I will do my best to answer. Fire away.
cosmoray Cosmoray Construction	Posted - 2008.06.02 00:48:00 - [3] reserved
cosmoray Cosmoray Construction	Posted - 2008.06.02 02:04:00 - [4] I'll let it slide, but if there is large demand I'll peg you to 1Bil.
cosmoray Cosmoray Construction	Posted - 2008.06.02 12:42:00 - [5] OK just logged in. It's 8a.m on East Coast of USA, so its the first chance to answer all the questions, I posted the IPO late last night before going to bed. I have to sleep you know. 1. Miscalculation of dividends. After re-checking my numbers I did make the mistake and Taikun is right. Because this was my error I will reduce the management fee to 30% and this brings it above the minimum expected return. 2. API Key. If everyone requires satisfaction I will provide either a link to eve-skills to show my character can do the production or an API key for 1 of the accounts for one of the production characters. If I do give up an API it will require a gaurantee that no character names will be given up on the forum. 3. 4B in assets after 6-9 months and expanding I have actually been playing since dec 06 but only got involved in MD forums in the last quarter 07. The production side has been running since middle of last year. 4. T1 Profits The profits on T1 manufacturing are actually pretty good per BPO, but do require large amount of minerals to keep in constant production. 5. Minerals I have several contracts with some mining corps, and purchase some of the high end mins and ship them out. If you have any more questions, please ask. Note: I can not give out any API or game related information until later. I am currently at work and don't have my eve client available I will organise that later when I get the chance to convo someone.
cosmoray Cosmoray Construction	Posted - 2008.06.02 12:56:00 - [6] I will be online tonight between 6-9p.m East Coast US time to answer any further questions and sort out a potential auditor. If I don't answer right away it's only because the wife will be buggin me about some chore I forgot to do!
cosmoray Cosmoray Construction	Posted - 2008.06.02 14:13:00 - [7] More questions: Auditor I will talk to Kazuo later tonight or eve mail him so we can come to agreement how to handle this. I was nervous about API audits as I do not understand them too well. Capital Ratio (12:4) I actually wished to inject the 4B in assets into the business to provide "more security" to the IPO launch as this was my first. My thinking was that due to peoples trust issues a 75% "mortgage" was safer than 100%. I don't have a problem running this as a 12, 14 or 16B business and I will either sell my assets to the business or invest less. I wish to keep at least 2B in the corp though. I will make the business 16B and keep a minimum 2B for myself and upto 4B if I can't raise the capital. I don't want to have 2 seperate business's. Scam Alt There is nothing I can do to show that I am not a reithe ALT. I would be playing a VERY LONG game indeed to set up a character and post for 7-9 months regularly on MD forum and then scam for 12-16B ISK. Props to Reithe for developing multiple alias's and writing styles. I think we should have him examined for multiple personalities. Suscribing to the IPO For those who have made reservations, don't send money pending an API audit which I will arrange. The final corp set up with audit should be completed in the next couple of days
cosmoray Cosmoray Construction	Posted - 2008.06.03 01:07:00 - [8] UPDATE: I am trying to arrange for Kazuo Ishiguro to complete the API audit. At the moment I am playing message tag with him. I expect audit to be complete by end of tomorrow if I can finally track him down. I'll update the post further when I have more news, and the auditor can post with his results. I would advise you not to send any ISK'ies until audit is complete and has been reported.
cosmoray Cosmoray Construction	Posted - 2008.06.04 03:34:00 - [9] I have enough reservation to meet the funding 12B minimum to a max of 14B. This means I will have between 2-4B invested my self. My stake potentially reduced after questions on here. Keep the reservation on the page, and if anyone drops out I will let you know. At present Kazuo Ishiguro is doing an API audit (he has the keys) and the results should be available sometime on the 4th June.
cosmoray Cosmoray Construction	Posted - 2008.06.04 13:23:00 - [10] No trading reservations. Pending audit results you have the right to purchase or cancel.
cosmoray Cosmoray Construction	Posted - 2008.06.04 15:02:00 - [11] Originally by: Kaworu Tabris If it's not too late, I'd like to reserve 20 shares. I'm rather new in the market game, so I'd like to start small Also, being a bit of a newb when it comes to this whole thing, could you please explain when you will begin accepting reservations, and how/when you will be making ROIs? The reservations have begun, and usually occur in launch threads. I do have enough reservations to meet the goal of the offering and those people are listed in the 3rd post on page 1 under the offer document. You are currently on the reserve list, if people don't take up their offer. At present the reservations have been made, and a 3rd party auditor is conducting an audit of my accounts. When he has completed this he will post his results here. At that point people will have the option of buying the shares or cancelling. ROI will be calculated on a monthly basis, and dividends paid out on the first of each month. I hope this helps
cosmoray Cosmoray Construction	Posted - 2008.06.04 22:50:00 - [12] Edited by: cosmoray on 04/06/2008 22:54:56 The audit has been complete, and you can make up your mind if I am able to run the IPO as stated. You may now take one of the following options: 1. Send the money you reserved to Cosmoray and shares will be delivered 2. Cancel your reservation (please do so here) 3. Ask more questions The reservations list has been updated to include 14B in capital that has been reserved. Investors have until Monday 9th June at 23.59 game time to make payment at which point the remaining shares go on sale. I will also post a screenshot of the share register when selling is complete. First dividend (probably limited due to shortened month) will be made on July 1st.
cosmoray Cosmoray Construction	Posted - 2008.06.05 19:54:00 - [13] Originally by: Alihahd Can I still reserver 50 Mill? Unfortunately the funding has reached its goal (first page 3rd post). You are currently on the reserve list if anyone drops out. Some shares were sent out last night, and any payments today shares will be sent out later, as I am currently at work.
cosmoray Cosmoray Construction	Posted - 2008.06.09 03:21:00 - [14] I have nearly all funding from reservations made, except: Elii Witherworth 100m Dkara Duuk 500m Emotek 500m PublicRelations Kwint 500m Titus Lewis 300m Please send money by Monday night at 23.59(game time) or shares will be open to public again
cosmoray Cosmoray Construction	Posted - 2008.06.12 12:05:00 - [15] Originally by: WonderBoy I am willing to take the rest of the shares, 1.9b in total? If you accept that just answer in this thread. I have sold some to the people on reserve, but I will happily sell you the rest available, around 1-1.5B I believe. I will send you en eve-mail but it will be on Sunday. Off to the beach for a long weekend and no where near a computer.

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