EVE Search - Cosmoray Construction IPO (raising 12B ISK)

All Channels

Market Discussions

Cosmoray Construction IPO (raising 12B ISK)

» Click here to find additional results for this topic using Google

Monitor this thread via RSS [?]

Pages: 1 [2] 3 4 5 :: one page
Author	Thread Statistics \| Show CCP posts - 0 post(s)
Taikun	Posted - 2008.06.02 11:05:00 - [31] Edited by: Taikun on 02/06/2008 11:05:04 Frankly I am STUNNED that all of you have no concern over the fact the "returns" on your investment were calculated incorrectly by the IPO offer. Seems like most of you just want to p*ss you money down a hole and hope some thing splashes you back in the face. When you are eventually disapointed... serves you right for lack of due dilligance. Taikun A criminal is a person with predatory instincts who has not sufficient capital to form a corporation.
Dranakolys Theurgy	Posted - 2008.06.02 11:23:00 - [32] Not at all. I've made a reservation and wait to see cosmoray answer the issues that have been raised. Whether he will receive any ISK from me is dependant on his response. Just repeating what other people have raised in the thread already without giving the guy a chance to respond, doesn't make you clever or even careful. _______________ Amused to Death
Amaandia Third Return Inc. Blue Sun Trust	Posted - 2008.06.02 11:27:00 - [33] 100m reservation
Taikun	Posted - 2008.06.02 11:28:00 - [34] Edited by: Taikun on 02/06/2008 11:33:09 Edited by: Taikun on 02/06/2008 11:31:30 Originally by: Amaandia 100m reservation Clever or careful? Taikun P.S. I should add, I am not condoning, nor condeming this IPO. Just highlighting errors in the initial offer in my prior posts. A criminal is a person with predatory instincts who has not sufficient capital to form a corporation.
Dranakolys Theurgy	Posted - 2008.06.02 11:31:00 - [35] Originally by: Taikun Originally by: Amaandia 100m reservation Clever or careful? Taikun supersmrt. But just to be clear, if cosmoray isn't interested in substantiating that his business actually exists, then he can ignore my reservation entirely. _______________ Amused to Death
Taikun	Posted - 2008.06.02 11:32:00 - [36] Originally by: Dranakolys supersmrt. Cheers Taikun A criminal is a person with predatory instincts who has not sufficient capital to form a corporation.
Kazzac Elentria	Posted - 2008.06.02 12:18:00 - [37] Originally by: Taikun Edited by: Taikun on 02/06/2008 11:05:04 Frankly I am STUNNED that all of you have no concern over the fact the "returns" on your investment were calculated incorrectly by the IPO offer. Seems like most of you just want to pss you money down a hole and hope some thing splashes you back in the face. When you are eventually disapointed... serves you right for lack of due dilligance. Taikun Meh sometimes you just gotta *** into the wind and hope for the best. I will say that unless he post against and starts at least defending his proposal I'll take my reservation away.
Roguehalo RH Ship Brokers	Posted - 2008.06.02 12:40:00 - [38] Originally by: dael'vras Edited by: dael''vras on 02/06/2008 09:24:42 I'd like to see api verification before i would consider investing in this. I would highly recommend Kazuo Ishiguro 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 the 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. I've just reread the offer document and I realise that, in fact, you are intending to invest another 300% in the tech1 ship building business. This ratio of 12b investors funds/4b your capital is, in my view, too high.
cosmoray Cosmoray Construction	Posted - 2008.06.02 12:42:00 - [39] 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.
Roguehalo RH Ship Brokers	Posted - 2008.06.02 12:50:00 - [40] Edited by: Roguehalo on 02/06/2008 12:50:42 Hmmm I've inspected your reply carefully to see if I could detect any signs of 'surliness' Subject to a favourable api verification report I'll reserve 200m
Blue Dice Flying While Intoxicated The Threshold	Posted - 2008.06.02 12:51:00 - [41] Reserving shares for 100 mil. Would like to have a short talk to you in game before sending the money though.
cosmoray Cosmoray Construction	Posted - 2008.06.02 12:56:00 - [42] 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!
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.06.02 13:47:00 - [43] I definetly recommend Kazuo Ishiguro for the role of auditor. He has successfully done this with about 5 different operations to date without a hitch, plus I spent about 1.5 years with him as an alliance member who was always active and always happy to help out. One thing I would ask however is for you and him to set up some sort of truce/agreement whereby if your operation is determined to scam etc that your main characters names can be released to the public.
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.06.02 13:49:00 - [44] My reasons for investing were my own however I have dealt with cosmo in other areas not just this IPO so I done so based on my own beliefs. He could be a Riethe alt and have managed to pull the wool over my eyes again but I am willing to take a chance, and a 1.5b loss is quite easy for us to absorb without issue.
Bad Bobby Ugly Toys Zzz	Posted - 2008.06.02 13:51:00 - [45] Edited by: Bad Bobby on 02/06/2008 13:54:37 I'd just like to point out, in defence of myself and some of the other early reservations on this, that with the rate that investments tend to get snapped up it is generally wise to reserve a stake in an investment before doing the full investigation into the viability of it. A reservation is not an investment or a statement of intent to invest. It often takes me days to decide if I actually want to put my money up for a particular investment and in that time all the shares would have been reserved by other parties if I didn't put up my reservation prior to my due dilligence. As it stands I would have dismissed this investment had the API verification and adjustment in management fee from 40% to 30% not been accepted. I may still withdraw my reservation once I have given it further thought. My current concerns include but are not limited to: 1. The T1 ship manufacturing field, in my experience, yields poor returns. 2. The 75%/25% investment split and 70%/30% dividend split will also result in poor returns for outside investors. I believe that in order for the outside investors to get a good deal from this they must see a lower percentage of investor ownership. However I can see that the owner may end up getting a raw deal in order for investors to get a good one and this generally helps nobody. Quote: This ratio of 12b investors funds/4b your capital is, in my view, too high. Seconded.
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.06.02 14:03:00 - [46] Originally by: Bad Bobby My current concerns include but are not limited to: 1. The T1 ship manufacturing field, in my experience, yields poor returns. Not exactly true. I am running a bit of an experiment now to compare profit margins and return on investment when comparing T1 to T2. Honestly, the results I am getting with things like battleships and battlecruisers thus far is that I can make well over a 100% return on investment within 1 month on a BS BPO whereby all the T2 bpo's I have perused for sale have ROI's closer to 2-3 years. I had a whole pile more data here but just deleted it as I realised I don't actually want people to know how it's being done as it digs into my profits. So I won't provide figures to back up my above claims however you are free to use figures to try and refute them
Kazzac Elentria	Posted - 2008.06.02 14:03:00 - [47] Originally by: Bad Bobby ... 1. The T1 ship manufacturing field, in my experience, yields poor returns. ... The problem is that if the profits are too thin for him to go it alone then they are probably too thin for him to offer a worthwhile investment oppertunity. Just to add any confidence, the T1 market is well and alive if the market is chosen correctly. The fact that he mentioned mission runners in his proposal is well enough for me to know that he knows at least where to look for maximum margin. Having done private contracted T1 manufacturing to a sum total of 10bil profits over 6 months for a single contract. And like I said before.. sometimes you just gotta **** into the wind and hope for the best.
Tobin Shalim Vulcan Foundry	Posted - 2008.06.02 14:13:00 - [48] i'll reserve 100mil if it's still available. ----- Originally by: Haakkon I feel a great deal of patriotism at being a part of Goonswarm. We've accomplished great things... we're just mainly jerks about it
cosmoray Cosmoray Construction	Posted - 2008.06.02 14:13:00 - [49] 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
Sarah Tuttle Plato Academy	Posted - 2008.06.02 14:18:00 - [50] Reserve 500 M Please Sarah Tuttle My Eve Site
Roguehalo RH Ship Brokers	Posted - 2008.06.02 14:39:00 - [51] Quote from Bad Bobby :- "I'd just like to point out, in defence of myself and some of the other early reservations on this, that with the rate that investments tend to get snapped up it is generally wise to reserve a stake in an investment before doing the full investigation into the viability of it." I take your point
Shar Tegral	Posted - 2008.06.02 14:46:00 - [52] Originally by: Bad Bobby A reservation is not an investment or a statement of intent to invest. In your case I'd say it is forgivable. However for certain others it creates a lemming or stamp of approval effect, a very false impression indeed. Besides which, I disagree with the above statement. If you can't be counted on what you say... then why should anyone count on you. If you say something you intend, from the beginning, to not be all the substantive.... why bother. Irrational Exuberance. Getting to the point I'm going to sit back and watch you people get scammed again... and laugh. To Shar -verb: 1 - To say what you mean. 2 - To say what it means. 3 - To say something mean.
YouGotRipped Ewigkeit	Posted - 2008.06.02 15:32:00 - [53] Edited by: YouGotRipped on 02/06/2008 15:35:08 I get a very distinct feeling when it comes to cosmoray, he's not a scammer. Unless he mixes sulphuric acid, nitrous acid and glycerin at work and then shakes the mixture I don't think the IPO will fail. Motherships
Shar Tegral	Posted - 2008.06.02 15:34:00 - [54] Originally by: YouGotRipped I get a very distinct feeling when it comes to cosmoray, he's not a scammer. Eeek, that was not the intent of my statement. NOT AT ALL. To Shar -verb: 1 - To say what you mean. 2 - To say what it means. 3 - To say something mean.
Kazzac Elentria	Posted - 2008.06.02 15:42:00 - [55] Originally by: Shar Tegral Originally by: Bad Bobby A reservation is not an investment or a statement of intent to invest. In your case I'd say it is forgivable. However for certain others it creates a lemming or stamp of approval effect, a very false impression indeed. Besides which, I disagree with the above statement. If you can't be counted on what you say... then why should anyone count on you. If you say something you intend, from the beginning, to not be all the substantive.... why bother. Irrational Exuberance. Getting to the point I'm going to sit back and watch you people get scammed again... and laugh. Eh, I'm already writing this 500m off as a loss, so anything that comes from it will be an unexpected surprise.
WonderBoy Weltmacht oder Niedergang	Posted - 2008.06.02 15:43:00 - [56] Edited by: WonderBoy on 02/06/2008 15:44:36 I¦d like to reserve 500 mills please since its limited to 500 per person :P
Bad Bobby Ugly Toys Zzz	Posted - 2008.06.02 15:43:00 - [57] Originally by: Shar Tegral Originally by: Bad Bobby A reservation is not an investment or a statement of intent to invest. I disagree with the above statement. If you can't be counted on what you say... then why should anyone count on you. If you say something you intend, from the beginning, to not be all the substantive.... why bother. I think that the issue here is that you are taking a reservation as a statement of intent. If that was the case then you would be entirely right. I believe a reservation is a statement of interest in the investment. By doing it you are taking a number in the queue to say that you get first dibs on a slice of the pie. It does not compel you to take that slice if it turns out that the pie is not to your liking. I like pie, by the way.
Jethyl Silverscar	Posted - 2008.06.02 15:46:00 - [58] I¦d like to reserve 500 mills please
Randy West Deep Core Mining Inc.	Posted - 2008.06.02 16:07:00 - [59] Please reserve 500mil for Randy West isk will be sent around 6pm pst tonight Thanks cosmoray
Ulstan	Posted - 2008.06.02 16:21:00 - [60] I'd like to reserve 500m.

Pages: 1 [2] 3 4 5 :: one page
First page \| Previous page \| Next page \| Last page

COPYRIGHT NOTICE
EVE Online, the EVE logo, EVE and all associated logos and designs are the intellectual property of CCP hf. All artwork, screenshots, characters, vehicles, storylines, world facts or other recognizable features of the intellectual property relating to these trademarks are likewise the intellectual property of CCP hf. EVE Online and the EVE logo are the registered trademarks of CCP hf. All rights are reserved worldwide. All other trademarks are the property of their respective owners. CCP hf. has granted permission to EVE-Search.com to use EVE Online and all associated logos and designs for promotional and information purposes on its website but does not endorse, and is not in any way affiliated with, EVE-Search.com. CCP is in no way responsible for the content on or functioning of this website, nor can it be liable for any damage arising from the use of this website.