To Shar -verb:
 1 - To say what you mean.
 2 - To say what it means.
 3 - To say something mean.

Originally by: Headmaster Lurch

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6. At the expiration of the plan, slated at one year, we will sell the harem, liquidate assets and buyback all shares at whatever NAV happens to be.
Example: Starting w/13,000 of shares at 1mil each (13bil), if liquidating assets nets us 17bil, we will buy back shares at 1.3mil.

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Originally by: Zanphear

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Does this also mean that if you fail to rais 13 bill in one year via mining the buyback will be less then the original investment ?

Example: starting w/13,000 of shares at 1 mill each (13bil), if liquidating assets nets us 6.5 bil, we will buy back shares at 0.5mil. ?

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Originally by: Zanphear

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Maybe Im looking at this more in the respect that it would be a bond, but if you really plan to buyback the shares in one year time, do you have any plan on calculations to show that you could acctually pull it off to make 13 billion isk NAV, plus paying dividends and taking 15% of the total profit to your selfs ?

Also on a second note, how much do you plan on paying in dividends, you say you will take 15% for your self and put 85% towards the corp total NAV.

How much of the total corp NAV will be paid in dividends and how often ? or did you have any other plan on paying :)

Hope Im not beeing to annoing :)

Zanphear

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Originally by: Damini Frostmane

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Sex isn't sex unless one of you is crying afterwards :-)

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Originally by: Headmaster Lurch

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Dividends:
Since we require approximately 12bil for 5 years of timecards (400m per 60 day GTC * 5 toons * 6 GTCs per toon), and the extra bil should cover ships, skills, and implants. We will not be paying dividends until this goal has been reached.
Once we reach this goal, all cash over 1bil (rainy day fund) will be used to pay monthly dividends.
Payment schedule (day of month) will be announced when we reach our 13bil goal. If we can procure GTCs for less than 400m on avg, then this excess will go to paying dividends.

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Originally by: Zanphear

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Edited by: Zanphear on 02/07/2008 23:18:08
Like thouse 2 above said this seems very risky and dodgy,

You seem very outfront on what your plan is, so if you dont mind could you give us some numbers to look at, then I mean some calculations or estimate profit numbers for the mining per month, the skill list the mining chars will have after the year so we have the total skill points and aprox value of them.

if you plan on paying the full 85% in dividends and then buyback shares in one years time then the total NAV at the end of the year will simply be thouse 5 characters and how well their auction goes ?

so to make back what the initial investment was each char has to be worth atleast 2.6 billion isk

and to make this investment acctually worth something Im guessing a 5% a month return ?, this is where Im new here comes in since I dont acctually know much on what is a good intrest rate, but Im assuming it has to be better then just having your isk in a bank so Im guessing somewhere around 5 - 10%

that means you HAVE to make ATLEAST 765 million a month to make this investment make decent return for the investors, and thats only a 5% a month return

So please, tell me how you plan on doing that :)

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Originally by: Sophie Daigneau

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How will your earnings be affected by your characters being singled out and specifically targeted by jihadswarm?

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To Shar -verb:
 1 - To say what you mean.
 2 - To say what it means.
 3 - To say something mean.

Originally by: Shar Tegral

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Originally by: Kazuo Ishiguro

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I'm quite surprised that Shar even agreed to do an audit.

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These gentlemen applied to Ricdic (ebank I guess) for auditing services and was directed to me. I was not privy to the specifics of the IPO, though I would have preferred to be privy as it would improve my ability to asses, nor have I allowed myself to form an opinion on this IPO (as of yet).

Equally, there has been no discussion of any fee for me doing this audit either. So, when one is completed I'm sure that the other will be as well.

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/char/AccountBalance.xml.aspx
/char/AssetList.xml.aspx
/char/CharacterSheet.xml.aspx
/char/IndustryJobs.xml.aspx
/char/Killlog.xml.aspx
/char/MarketOrders.xml.aspx
/char/SkillInTraining.xml.aspx
/char/WalletJournal.xml.aspx
/char/WalletTransactions.xml.aspx

To Shar -verb:
 1 - To say what you mean.
 2 - To say what it means.
 3 - To say something mean.

Originally by: Shar Tegral

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In closing, the only thing troubling to my mind is that there is obviously a third, maybe fourth, account involved in this. That there is another account involved that the API key was not disclosed always brings a down check on any audit.

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Originally by: Letias

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The way i see it, 5 hulks 700 mill with fittings, skills maybe 100 mill each each char time codes 350/60d so 700 mill for two of those would be enough to get you hulked up and able to buy your own so 940 mill call it 1 bill per char.. 5 bill whats the other 8 for?

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Originally by: cosmoray

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1. You plan on raising 13B in cash and then
2. Pay NO dividends for a year
3. Repurchase the shares at whatever the NAV is at the time.

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Originally by: Ava Santiago

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It is not clear where the hauler comes into the picture. Is the mining formen going to be doing the hauling? Or is your prospectus missing a GTC cost for a dedicated hauler?

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