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cosmoray
Cosmoray Construction
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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.
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cosmoray
Cosmoray Construction
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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.
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cosmoray
Cosmoray Construction
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Posted - 2008.06.02 00:48:00 -
[3]
reserved
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.02 01:52:00 -
[4]
Willing to give this a shot. Reserving 500m
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Ricdic's Hoe
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Posted - 2008.06.02 01:52:00 -
[5]
Yep I will reserve 500m too
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Ricdics
Corporate Placement Holding
Zzz
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Posted - 2008.06.02 01:54:00 -
[6]
I am going to put down a 500m reserve cosmo as I think you have shown good quality contributions to the forums over the past 5 months or so you have been here. I could be mistaken but I reckon over time we may see some good things come from you.
Not bad though, three different characters (who strangely have similar names) have already put through the max amount they can.
Insured Research and Production Services
Queues |
CornerStoner
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Posted - 2008.06.02 01:55:00 -
[7]
I'll reserve 200mil
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cosmoray
Cosmoray Construction
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Posted - 2008.06.02 02:04:00 -
[8]
I'll let it slide, but if there is large demand I'll peg you to 1Bil.
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Waseem
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Posted - 2008.06.02 02:50:00 -
[9]
500m for me.
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Lazreale
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Posted - 2008.06.02 02:51:00 -
[10]
I would also like 500m worth.
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PublicRelations Kwint
Lothian Quay Industries
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Posted - 2008.06.02 03:12:00 -
[11]
Put me down for 500M.
Purchasing and Shipping Moon Minerals |
Kazzac Elentria
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Posted - 2008.06.02 03:17:00 -
[12]
Why the hell not... reserve for 500 |
Rho'varo
Diversified Operational Services
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Posted - 2008.06.02 04:53:00 -
[13]
Reservation for 500 million ISK worth, please.
Features & Ideas: Winding Up Learning Skills |
Titus Lewis
Suddenly Successful
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Posted - 2008.06.02 05:05:00 -
[14]
I see no reason not to go with this.
I'll reserve 300M please. |
Dannii Monarkh
The first genesis
Veritas Immortalis
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Posted - 2008.06.02 05:11:00 -
[15]
Reserving 500M.
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Bad Bobby
Ugly Toys
Zzz
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Posted - 2008.06.02 05:18:00 -
[16]
Reserve me 500m. Thanks!
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Shar Tegral
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Posted - 2008.06.02 05:31:00 -
[17]
 Originally by: cosmoray
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.
Um... bullcrap. The only details that are relevant is: 1 - Do you have toons with skills supporting your IPO document? 2 - Have you been engaged in the activity that you say you have? 1 hour after you give the auditor your key you can change it. Thus you only give a quick snap shot of your account. You are not giving away "account details". But, as I can see the level of trust you've built from a few months of moderate posting why point out the very obvious risk, and riethe-ness, of your ipo. That would just be... rational.
To Shar -verb:
1 - To say what you mean.
2 - To say what it means.
3 - To say something mean. |
Finedele
Caldari Provisions
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Posted - 2008.06.02 07:28:00 -
[18]
Edited by: Finedele on 02/06/2008 07:30:39
plz reserve me 250 mio
i'll see if i can get liquid to the max, i will send money around 2300 eve time
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Sgt NutNut
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Posted - 2008.06.02 07:32:00 -
[19]
Originally by: cosmoray
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.
whatch out for suecide gankers, combind with the fact that your asking us to trust you, yet wont trust a trusted 3rd party with your api key, it seams bit risky for me imo.
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Jackie Fisher
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Posted - 2008.06.02 07:39:00 -
[20]
I'll reserve 500m please.
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Taikun
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Posted - 2008.06.02 07:41:00 -
[21]
Edited by: Taikun on 02/06/2008 07:42:05
Originally by: cosmoray
-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.
-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.
Your detailed analysis falls short of correct mathamatics.
60% of expected dividend payment is NOT 6.5-8.5% of 8.75-12.5% ROI.
60% dividend payment is 5.25-7.5% expected return using your estimated monthly profit numbers.
I won't even attempt to go into the saturation of the T1 BS market and inflated expected returns. (Unless you are making coin off the mineral market as well.)
Taikun
A criminal is a person with predatory instincts who has not sufficient capital to form a corporation. |
Shae Laurel
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Posted - 2008.06.02 07:56:00 -
[22]
I'd like to reserve 500m shares.
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Kazuo Ishiguro
House of Marbles
Zzz
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Posted - 2008.06.02 07:59:00 -
[23]
Originally by: Shar Tegral
Originally by: cosmoray
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.
Um... bullcrap. The only details that are relevant is: 1 - Do you have toons with skills supporting your IPO document? 2 - Have you been engaged in the activity that you say you have? 1 hour after you give the auditor your key you can change it. Thus you only give a quick snap shot of your account. You are not giving away "account details". But, as I can see the level of trust you've built from a few months of moderate posting why point out the very obvious risk, and riethe-ness, of your ipo. That would just be... rational.
Links to api-verified ineve.net skill profiles for all concerned characters would be a bare minimum before I would consider investing. Plenty of other people, including LRN, have been much more co-operative than Cosmoray currently is; he's already told us what he wants the capital for, so we know, in principle, his margins, and can already make a guess at possible sales locations. If this is really what he's already doing, he has nothing to lose by letting one auditor confirm the details (without publishing anything commercially sensitive, of course).
I'm not so concerned about profitability - with the upcoming expansion, I expect there'll be quite a jump in demand for T1 ships.
My research services
Mineral compression for carrier/Rorqual pilots |
YouGotRipped
Ewigkeit
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Posted - 2008.06.02 08:22:00 -
[24]
Edited by: YouGotRipped on 02/06/2008 08:24:20
Originally by: Kazuo Ishiguro
I'm not so concerned about profitability - with the upcoming expansion, I expect there'll be quite a jump in demand for T1 ships.
Just a friendly advice Cosmo:
You'll need to find some corporations / miners to supply you with the adequate amount of minerals on a regular basis (buying off Jita is hell but if it comes to that, consider buying high and selling low).
Good luck!
Motherships |
Dranakolys
Theurgy
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Posted - 2008.06.02 08:29:00 -
[25]
I'd like to reserve 500m
_______________
Amused to Death |
Roger Welco
WhiteGlaze Interstellar Inc.
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Posted - 2008.06.02 08:45:00 -
[26]
I like to reserve 500m
funds in the post..:)
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dael'vras
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Posted - 2008.06.02 09:06:00 -
[27]
Edited by: dael''vras on 02/06/2008 09:10:25
I'd like to see api verification before i would consider investing in this.
I would highly recommend Kazuo shiguro for the job.
He did api verification for my 5b bond offer and I never had the slightest concern over his trustworthiness. In fact I think he should start a 'paid for' api verification service(*hint* Kazuo)
I'm also rather concerned that you've only managed to build up assets of 4b in 12 months and yet you think investing another 200% in the most competitive section of the tech1 ship market is a good business move.
I'm also rather concerned at sloppiness of the investors you have so far who haven't insisted on ANY checks at all and seem to be relying purely on the fact that you've been 'around' for a bit. The 'institutional' investors at least should know better.
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Roguehalo
RH Ship Brokers
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Posted - 2008.06.02 09:09:00 -
[28]
I've just had to do a complete reformat of my hard drive and forget to set this as my 'default' character.
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Kazuo Ishiguro
House of Marbles
Zzz
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Posted - 2008.06.02 09:22:00 -
[29]
Originally by: dael'vras
I'm also rather concerned at sloppiness of the investors you have so far who haven't insisted on ANY checks at all and seem to be relying purely on the fact that you've been 'around' for a bit. The 'institutional' investors at least should know better.
The 'Ricdic lemming effect' strikes again? Mind you, I suppose his own alts are always going to be particularly vulnerable to it 
I have no intention of charging for audits; the most I would ever ask for is the option to invest afterwards, and sometimes I don't even do that.
My research services
Mineral compression for carrier/Rorqual pilots |
YouGotRipped
Ewigkeit
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Posted - 2008.06.02 09:30:00 -
[30]
Edited by: YouGotRipped on 02/06/2008 09:35:30
TBH, I see no reason why Kazuo shouldn't be allowed to take a look at your dealings / chars. I've trusted him with my info in the past and he's reliable and very professional in his reports. (You should probably charge for the service Kazuo  ).
Unless you prefer providing your full API key to the highest investor (more than 50%) like I did.
Anyway you should consider this very well as a means of reassuring your investors as this is your first IPO / bond offering, no?
Motherships |
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