Cash Warbash
Caldari
Galactic Accord Senate
Accord Corporate Enterprise Syndicate
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Posted - 2008.08.15 07:35:00 -
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Hello Citizens of Eve
I have read a lot of good Ideas, and a lot of problems and trust concerns. i can't solve these concerns but i had bridge the the gap between stock & trust issues in my corporations & alliance here is how i did it.-ACES guidelines
Let me address some issues one at a time and i promises you will have fun with stock options within the game, and at the same time help you avoid some general pitfalls or hazards.
1)Just as in real life, Stock markets and Stock are only as good as the CEOs and their directors and are maintained in a free market. Currently in the game, only alliances can act as advocates or policing of scam within a alliance setting. If a corporation is just selling random stock on a forum there will be no accountability to anyone. Real life markets are financial alliances all over the world. this must remain true in Eve for the game to function as a free market.
2) why does a corporation want to sell stock? Normally to raise money for the corporation, for investments in bigger than life projects agreed upon by a group of individuals
3) Good stock practices. A corporation which is selling stock also should be awarding free stock to employees(Like Loyalty Points), defenders, miners and people who are helping the alliance as a bonus program. Without stock award programs stock will lose its value and the purchasers-stockholders have no way to recover their loses. in real life employees are awarded stock options, this has to be true for the game too. Your best investors will come from within the alliance or group
4) Dividends; in real life dividends are award to the stockholders every 90 days if the corporation declares a profit. in eve this should be paid every month, with a disclosesure mailing list for all stockholders. If no dividend is paid the CEO should still print a disclosesure with a reason why no dividend is paid, example for no dividend payment is; war or industrial mishap.
5) Stock value; any corporation selling stock for more than 25 mill-ISK for a shares is a poor risk, unless there is a tracking system of dividend payments, disclosesure statements and out of alliances stockholders, which can be verified as non-alts. in general, avoid stock over 25 million-isk per share. This will limited your losses
6)Stock types(helps secondary market sales); in real life stock comes in many types, example-promissory stock, stock, stock option etc. In eve make the terms of stock types easy for non-financial players. first stock branches A) municipal-all executor corporations B) civil-all private corporation without a director or CEO in a Executor corp. stock-issue types; 1)New Issues stock-sold directly from a corporation, 2)Memory Stock-player selling stockholdings and 3)award stock or also called bonus stock-free stock issued to a player for services or killmails, or for being active etc.
7)Secondary market(the real player value); to assure a secondary market of stock for players who wish to sell award stock or memory stock it's the CEO's responsibility to limit the Sale of New issues Stock sold to anyone individual to 3% of the corporation shares. there stockholder can still receive Award Stock, but must seek new purchase stock from current stock holders, know as Memory Stock.
8)Trust issue-value; for stock to work you need a CEO which has appointed several directors who can sell new stock for his corporation. Stock sales must go into the corp. wallet and serve the great good of the corporation over any individual.The CEO must hold 51% of New Issue stock but, only use his vote as veto vote in rare chases, otherwise should not vote. The CEO must return two out of three dividend payments to maintain the corporation financial stability. if the CEO go's inactive, the directors can still split stock and reduce the CEO's stock holdings to less than 1%, award issued stock percent equal to each stockholder shares value to maintain stability. Or in chase of a Director going rogue and stealing a CEO will still maintain the 51% of stock within his corp. to firer the director and bleed that rogue shares down to less than 1% and than award equal value back to the share holders. over time the CEO must issue more that 51% of all shares to the public when maintaining majority shares within his corporation. This will assure a democratic system for your stock votes. if a Executor can turn his alliance corporations into stock companies the alliance will have dividends to fund it instead of fees. This will create a mutual-fund effect investing players which leave your alliance or corporation in seeing your group do well in the future assuring there dividend payments. Any player who turns hostile can have there holdings reduced at anytime. I invite all of you to join us to learn the program.
Cash Warbash
Judge-Advocate General; Legal Agent
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