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Dark Shikari
Sharks With Frickin' Laser Beams
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Posted - 2008.06.08 17:19:00 -
[1]
Edited by: Dark Shikari on 08/06/2008 17:22:56
The bad news: If you haven't noticed already, I've basically quit EVE. It began to creep up on me once I realized I was a full-time college student, but it got worse when I found major projects outside of EVE and eventually got a summer job related to that project (x264). Given I'm now both developing at night and working at Avail Media, an IPTV company, in the daytime, I don't have much time left for EVE. Fortunately for everyone here, a friend of mine convinced me to come back to clean up everything. AATP is going to have to get a new CEO.
The good news: To compensate for my incredible laziness and not being active at all with AATP (related to me not playing EVE!), I am donating my entire AATP share portfolio back to the company, with a net worth of nearly 10 billion. This should be more than sufficient to compensate for lost profits, assuming that the next CEO does a good job with things.
So, AATP needs a new CEO, and it needs someone who I personally trust enough (and of course someone who the shareholders trust enough). Proposals? I was thinking it could maybe merge into EMFI (assuming that's still going, I have not been paying attention), since its basically a shell corp at this point.
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Ray McCormack
hirr
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Posted - 2008.06.08 17:34:00 -
[2]
Edited by: Ray McCormack on 08/06/2008 17:34:48
Hey, DS, thanks for coming back to sort things out.
AATP is invested heavily in H-TI. But how much does it have besides that?
And have H-TI sorted out their CEO problems, is it paying dividends now?
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Dark Shikari
Sharks With Frickin' Laser Beams
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Posted - 2008.06.08 19:12:00 -
[3]
Edited by: Dark Shikari on 08/06/2008 19:12:19
 Originally by: Ray McCormack
Hey, DS, thanks for coming back to sort things out.
AATP is invested heavily in H-TI. But how much does it have besides that?
And have H-TI sorted out their CEO problems, is it paying dividends now?
Assuming nothing happened while I was gone (since about one month ago), H-TI has things sorted out. But you'll have to ask them.
AATP has one character it owns with quite a few skill points and RPs, along with a Taranis BPO and ~15 billion ISK, plus "70 billion ISK" or so invested in H-TI. Quotes, because I have no idea what H-TI is actually worth these days.
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Dark Shikari
Sharks With Frickin' Laser Beams
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Posted - 2008.06.08 22:02:00 -
[4]
By the way, as always, I am available as "Dark Shikari" on AIM or [email protected] on MSN, for anyone who wants to contact me to deal with the AATP situation.
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CornerStoner
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Posted - 2008.06.09 01:41:00 -
[5]
Thanks for not just disappearing. Obviously RL trumps a game in terms of importance and the fact that you are willing to "tie up loose ends" on EVE shows character.
If you don't have a new CEO that you can tap with confidence maybe a liquidation by a trusted 3rd party is a better option for the shareholders.
I'd prefer the new CEO if possible. (I like dividends!)
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Fader Bane
Black Knight Buccaneers
Daisho Syndicate
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Posted - 2008.06.09 03:33:00 -
[6]
Perhaps doing something through the fellows at Eve Bank?
________________________________________
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Kylar Renpurs
Dusk Blade
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Posted - 2008.06.09 07:05:00 -
[7]
Wow, PCT and now AATP closing up.
Improve Market Competition! |
EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.09 07:19:00 -
[8]
Originally by: Fader Bane
Perhaps doing something through the fellows at Eve Bank?
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Ray McCormack
hirr
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Posted - 2008.06.09 14:37:00 -
[9]
Originally by: Fader Bane
Perhaps doing something through the fellows at Eve Bank?
Heh, I could say with perhaps some certainty that DS wouldn't hand over anything else but a wet bag of pooh to the EBank chaps.
As to liquidation, I'm not even sure that is a possibility with the H-TI deal.
DS, would you be willing to sell the character and handle the costs associated with that?
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.09 15:13:00 -
[10]
Nice to see you are not at all spiteful Ray.
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Ray McCormack
hirr
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Posted - 2008.06.09 15:14:00 -
[11]
Originally by: EBANK Ricdic
Nice to see you are not at all spiteful Ray.
Of what?
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.09 15:38:00 -
[12]
Originally by: Ray McCormack
Originally by: EBANK Ricdic
Nice to see you are not at all spiteful Ray.
Of what?
You tell me
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Ray McCormack
hirr
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Posted - 2008.06.09 15:44:00 -
[13]
Originally by: EBANK Ricdic
Originally by: Ray McCormack
Originally by: EBANK Ricdic
Nice to see you are not at all spiteful Ray.
Of what?
You tell me
/me shrugs.
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Verite Rendition
F.R.E.E. Explorer
Atrum Tempestas Foedus
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Posted - 2008.06.09 15:48:00 -
[14]
This is off-topic, but congrats on getting accepted in to the Google Summer of Code, DS.
----
FREE Explorer
Lead Megalomanic
EVE Automated Influence Map |
Dark Shikari
Sharks With Frickin' Laser Beams
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Posted - 2008.06.09 18:30:00 -
[15]
Originally by: Ray McCormack
Originally by: Fader Bane
Perhaps doing something through the fellows at Eve Bank?
Heh, I could say with perhaps some certainty that DS wouldn't hand over anything else but a wet bag of pooh to the EBank chaps.
As to liquidation, I'm not even sure that is a possibility with the H-TI deal.
DS, would you be willing to sell the character and handle the costs associated with that?
Yes, I'd be willing to sell the character. Originally by: Verite Rendition
This is off-topic, but congrats on getting accepted in to the Google Summer of Code, DS.
Well, moreso, I volunteered--I'm the mentor, not the student 
Though a congratulations for my project being accepted is certainly in order, I guess 
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Level4
Red Frog Investments
Blue Sky Consortium
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Posted - 2008.06.09 19:22:00 -
[16]
Sorry to see you go Dark Shikari, you were a legend around here..
Goodluck in your futur endeavours..
Join channel Profit
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Macon Squaredealer
Squaredeal Enterprises
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Posted - 2008.06.11 18:59:00 -
[17]
Very glad to see you coming back to clean this up DS.
I look forward to a new CEO being selected to breath life back into my AATP shares. |
Dark Shikari
Sharks With Frickin' Laser Beams
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Posted - 2008.06.14 17:21:00 -
[18]
Edited by: Dark Shikari on 14/06/2008 17:22:37
EBANK has proposed to buy out and liquidate AATP (EBANK board hasn't approved it yet though).
This would work as follows:
1. I dividend the current ~15.5b in AATP wallet.
2. EBANK buys all assets for 75b.
3. I dividend 75b in ISK.
Since I will have donated my shares back to AATP, each investor will receive roughly 10k per share in dividends.
Is this reasonable?
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Maestro Del'Tirith
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Posted - 2008.06.14 17:37:00 -
[19]
Maybe you should do a shareholder vote?
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Dark Shikari
Sharks With Frickin' Laser Beams
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Posted - 2008.06.14 17:47:00 -
[20]
Originally by: Maestro Del'Tirith
Maybe you should do a shareholder vote?
I was going to put one up once EBANK approved the buyout.
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Jennine Tyler
NewDawn
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Posted - 2008.06.14 17:58:00 -
[21]
Edited by: Jennine Tyler on 14/06/2008 18:02:21
I would like to see some more figures first; but in principle this sounds good.
Edit: Quick Question - the 1,000,000 shares that are in the corp info; is this accurate? and how many did you give back to the corp for that ~10bn value?
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EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.06.14 18:05:00 -
[22]
Yep that was a preliminary bid but it all comes down to what the board as a whole decides. We are still running some numbers and want to speak to the boss over at HTI before we commit to anything
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Deovina
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Posted - 2008.06.14 18:17:00 -
[23]
hmm could we get a list of the current BPOs so we can properly acces wether the value is fine. TŠ BPO values have risen again (Vulture 40b) thus the current portfolio might be liquidated with a nice profit.
I guess EBANK already saw the current list and is fine with its value. It would be interested how big their expected profit could be and if it would be worth it liquidate the BPOs ourselves.
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Dark Shikari
Sharks With Frickin' Laser Beams
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Posted - 2008.06.14 18:59:00 -
[24]
Originally by: Deovina
hmm could we get a list of the current BPOs so we can properly acces wether the value is fine. TŠ BPO values have risen again (Vulture 40b) thus the current portfolio might be liquidated with a nice profit.
I guess EBANK already saw the current list and is fine with its value. It would be interested how big their expected profit could be and if it would be worth it liquidate the BPOs ourselves.
Current assets:
1. Taranis BPO + 100 Taranises and a few components.
2. 9k H-TI shares which pay 3b total payout per month.
3. 15.5b in assets.
4. One highly trained R&D character with a huge number of RPs.
I actually forgot about 4), so I'll talk with Ricdic about the value of that.
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Ray McCormack
hirr
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Posted - 2008.06.14 19:36:00 -
[25]
DS, let's talk. I think we can come to a conclusion that sees this stay in the public domain.
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Shar Tegral
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Posted - 2008.06.14 20:55:00 -
[26]
Originally by: Deovina
I guess EBANK already saw the current list and is fine with its value. It would be interested how big their expected profit could be and if it would be worth it liquidate the BPOs ourselves.
Don't be so positively sure about matters. I've not seen details, as of yet, and I can be pretty sure that not all of the board has either. However, that being said, Ricdic is the CEO of eBank. He's entitled and obligated to try to make deals that work out for the best of eBank and, collaterally, it's depositors. The other side of this matter though, one we always take seriously, is that our depositors are you. You being those people who have invested in the various ventures that have stamped themselves on the financial history of Eve. We can not engage in deals that disenfranchise you. To do so would alienate our only asset - our customers. So, while I have not seen details I do know that we've discussed DS's business in the past - though in broad generalities. The consensus was, as I felt it to be, to review possibilities of continuing to run it public venture but most importantly to make sure any attempt to acquire it is in a manner that doesn't create a scandal. Conspiracy theorists aside, I do not think we could even pull of such a coup and keep the matter quiet. And the outcome would be far more expensive, to us, than the current deal publicly stated. Might I add that the openness of the dealings should be a clear indicator of good faith intent. Again, regardless of conspiracy theories(ists).
To Shar -verb:
1 - To say what you mean.
2 - To say what it means.
3 - To say something mean. |
Dark Shikari
Sharks With Frickin' Laser Beams
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Posted - 2008.06.14 21:04:00 -
[27]
Originally by: Ray McCormack
DS, let's talk. I think we can come to a conclusion that sees this stay in the public domain.
If you want to make a counter-offer or proposal, call me up on IM 
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Starlight Horizons
Starlight Horizons Corporation
New Eden Research
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Posted - 2008.06.14 21:23:00 -
[28]
Originally by: Shar Tegral
Originally by: Deovina
I guess EBANK already saw the current list and is fine with its value. It would be interested how big their expected profit could be and if it would be worth it liquidate the BPOs ourselves.
Don't be so positively sure about matters. I've not seen details, as of yet, and I can be pretty sure that not all of the board has either. However, that being said, Ricdic is the CEO of eBank. He's entitled and obligated to try to make deals that work out for the best of eBank and, collaterally, it's depositors. The other side of this matter though, one we always take seriously, is that our depositors are you. You being those people who have invested in the various ventures that have stamped themselves on the financial history of Eve. We can not engage in deals that disenfranchise you. To do so would alienate our only asset - our customers. So, while I have not seen details I do know that we've discussed DS's business in the past - though in broad generalities. The consensus was, as I felt it to be, to review possibilities of continuing to run it public venture but most importantly to make sure any attempt to acquire it is in a manner that doesn't create a scandal. Conspiracy theorists aside, I do not think we could even pull of such a coup and keep the matter quiet. And the outcome would be far more expensive, to us, than the current deal publicly stated. Might I add that the openness of the dealings should be a clear indicator of good faith intent. Again, regardless of conspiracy theories(ists).
I am a huge supporter of EBANK but I agree in part that this matter could prove poisonous if not handled correctly. In my talks with Ricdic and Hexxx prior to my launching of my IPO they stressed about their goals of improving the secondary market, which I feel they truly believe in. The problem is, appearance wise EBANK is actually taking over the entire secondary market. With each closing of the old IPO's, Fury, FIN, etc it's like watching the decline of the US financial and housing markets. If EBANK buys out DS for 75B and its worth 95B then Ricdic is a genius and while EBANK grows stronger the market actually weakens.
I use EBANK's services, I am chugging along with my IPO and could not make a move on DS's assets or market share even if I wanted, but I would hate to see bad press and a weaker market result from this closure.
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Ray McCormack
hirr
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Posted - 2008.06.14 21:25:00 -
[29]
Originally by: Dark Shikari
Originally by: Ray McCormack
DS, let's talk. I think we can come to a conclusion that sees this stay in the public domain.
If you want to make a counter-offer or proposal, call me up on IM
I don't have AIM or MSN. IRC?
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Deovina
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Posted - 2008.06.14 23:16:00 -
[30]
Edited by: Deovina on 14/06/2008 23:17:22
First of all thanks for your effort Dark Shikari. It is appreciated.
Anyway the 33% stake in H-TI of 9000 shares was acquired by the deposit of 4 Ship and 3 Module BPOs (if my memory serves me right). One potential counter offer could be to trade back the shares for the BPOs and liquidate the 5 Ship BPO (4+ Taranis) and the module BPOs.
Just a quick survey of current BPO prices on the Sales forum leads to a low end estimate in the low 70b region and average of above 90. But this is only a pretty uneducated guess from 10 minutes of surfing through some recent auctions. Anyway it is still way more than after the decline in TŠ BPO value following the wake of invention and his higher than the bookvalue of the BPOs.
One further point not mentioned yet is the capital retention by AATP and thus H-TI, mentioned by Nap in an earlier Thread on AATP/H-TI.
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