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Market Garden
Operation Market Garden
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Posted - 2008.08.02 00:34:00 -
[1]
OPERATION MARKET GARDEN IPO Plan
This is an initial plan to see what interest there is and to undertake the first step of the IPO as detailed below. For summary that first step is to have an audit carried out to verify I have secure access to 0.0, the skills necessary, the ships I claim I have and any other claims I make.
ò Chapter 1 - Summary of OPERATION MARKET GARDEN ò Chapter 2 - Background on origins/idea/current business ò Chapter 3 - Corporate Governance ò Chapter 4 - The Business Plan (either beginning or expanding) ò Chapter 5 - Full Disclosure of Risks ò Chapter 6 - Full Disclosure of Main and Alts ò Chapter 7 - Exit Strategy ò Chapter 8 - IPO Phases, Dividends, Market Cap ò Chapter 9 - FAQ
Chapter 1 - Summary of OPERATION MARKET GARDEN
OPERATION MARKET GARDEN will be capitalizing on a sparse market in an area of 0.0. A major proportion of the funds raised from this IPO will be used to buy a jump freighter. The rest will be used for the purchase of items to transport to 0.0 to be sold on at a mark up to make profits.
Chapter 2 - Background on origins/idea/current business
I have been operating in 0.0 for six months now, to start with simply ratting and mining to make isk. I quickly started a logistics operation for the alliance my main is in, as at the time the alliance had no capital ships to move items gained in 0.0 back to empire to be sold. They were using industrials with a 50% success rate. I started up logistics in a carrier before moving onto a rorqual. The service I provided was to take any player who requested it, their items from station/pos multiple jumps back to empire and then transported to jita where it was contracted back to them. The charge to them was a fixed price per m3 transported which gave me a profit ratio to cost of 3:1. I recently as well started offering compression services for the better transport of ore. To facilitate jumping I have my own network of cyno alts across three accounts meaning I can operate completely on my own.
Now wanting to move on further I noticed that the market out in the 0.0 region was very limited. Not only in items being sold, but in buy orders for things typically acquired by players that could be brought cheaply and then transported back to empire to be sold at a profit. As said before I currently use a rorqual for logistics, a jump freighter will give me more cargo space to bring more stock out to 0.0. I already buy a limited number of items out here to sell for a profit in empire, and also bring a limited number of items from empire to sell at a profit.
Chapter 3 - Corporate Governance
The business will be entirely run by me, with no other person at any time having access to any material related to this ipo.
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Market Garden
Operation Market Garden
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Posted - 2008.08.02 00:36:00 -
[2]
Edited by: Market Garden on 02/08/2008 00:39:04 Chapter 4 - The Business Plan
Upon a successful launch of this ipo, a jump freighter will be acquired and initial materials to be transported to 0.0. From then on it will market work. I will either buy items in empire to bring out and sell at a mark-up to produce profit, or place buy orders at depressed prices to then bring the items to empire to be sold at full price and generate a profit. This market work will be done alongside my existing logistics business. Cargo space on jumps will be used for both the transport of goods for the ipo and my customerÆs goods. Since I will be using the ipoÆs jump freighter for logistics as well a portion of the profits made from logistics will go to the ipo.
The cost of jumping every item out will be included in the profit calculation. I.e. a fuel cost per m3 of capacity will be worked out and then the cost to bring out a particular item calculated. This will be added to the purchase price and then my mark up added on-top. I intend to not use very large mark ups so that I create an active market where people would rather buy from me than manufacture the item in 0.0 or transport it out. To what I choose to market will be done entirely on what is needed and what gaps in the market there are.
Profits will be generated by selling and buying items on the market in 0.0, and logistics services from within my current alliance. If particularly profitable items/items in high demand become apparent I reserve the right to expand into production of those items to increase margins. I will give full notice of any expansions into other areas of business other than originally intended to shareholders. The business will also have access to my current rorqual, carrier and freighter for any purpose needed, as they are my assets and I am the only one running the business.
My current assets currently value at over 4 billion isk in the three capital ships I already own (including fittings). I have other assets worth at least another 1 billion isk, in ships, modules and other items.
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Market Garden
Operation Market Garden
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Posted - 2008.08.02 00:36:00 -
[3]
Edited by: Market Garden on 02/08/2008 00:38:18 Chapter 5 - Full Disclosure of Risks
The main risk is in this venture is that I lose the jump freighter on a journey to or from 0.0. I consider this risk to be small. I have over 6 months in experience of capital jumping and as such I mitigate risk where ever possible. I only cyno by alliance/blue death stars or directly outside a station. As mentioned before I have my own cyno net across the route so I do not have to rely on other people. The 0.0 sections of the jump path very rarely have anyone but alliance members in. When they have neuts/reds or blues I wouldnÆt jump around, I simply donÆt jump. In the low sec system at the end of the route I only cyno when the systems have either no one else in, or when there are people I know wonÆt interfere. I cyno directly outside a station where applicable. I use scouts at every opportunity.
In addition I also have access to an entire jump bridge network from the first 0.0 system, all the way to the outpost where I am based. As such the only risk to the jump freighter is in the low sec end system and the first 0.0 system. I also have safe spots in every system on the route in case I need to hide.
When using my personal rorqual, carrier or freighter for transportation of materials relating to this IPO, if they are lost the only damage to the IPO will be in the materials they are carrying. If I did lose the jump freighter I can continue to operate using the rorqual or carrier for jumping. The loss of the jump freighter would be brought against my personal assets and isk. As such I would replace it as soon as possible out of my own personal funds. The loss of any materials relating to the IPO would also be replaced with my own personal funds.
The only other risk is that I would scam. Simply put this would not happen. In my logistics operation in providing a logistics service to my alliance on a weekly basis I handle over 6 billion isk worth of goods, transporting them from 0.0, through empire to jita where they are contracted back. As such I handle goods that are trusted to me with zero collateral entirely on the trust I have with alliance members, on a weekly basis to a value greater than the IPO. I handle another 6 billion isk on behalf of my corporation a month. I have at various times held multiple billions of isk worth of assets belonging to alliance members for long periods of time. If I did scam I would be kicked out of my corp, podÆd back to empire and loose my assets in 0.0 and in corp posÆs. I would lose my eve life and all my eve friends. Not something I want to happen.
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Market Garden
Operation Market Garden
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Posted - 2008.08.02 00:37:00 -
[4]
Edited by: Market Garden on 02/08/2008 00:38:47 Chapter 6 - Full Disclosure of Main and Alts
I will NOT at all disclose my mains, alts, corporation, alliance, 0.0 areas or anything else specific to anyone but the person who does the audit as detailed later.
The reason for this is security is so none of my operations are put at risk. For me to disclose to mains and other chars would allow anyone reading this to monitor and hunt them down while operating. It would put capital ships at danger; put me at risk of suicide ganks in empire. I will give an outline of the accounts.
Acc 1. My main original char, a scout and this character to hold the IPO corp. My main can fly the rorqual and the carrier among many other ships not important to this IPO. The scout is simply to scout where needed. The IPO corp holder does simply that. Holds the corp and posts on forums. Acts as a conduit of isk from investors to my other chars and then as a passage of profit for dividend.
Acc 2. Second main char, industrial û production, mining. Flies the freighter and can also fly the rorqual, performs compression. Cyno alt and a empire scout also on the account.
Acc 3. Third main, ratting/miner in training. 2 cyno alts.
Chapter 7 - Exit Strategy
I aim to run the business for 6 months. I will reinvest all the isk made to increase the corporationÆs liquid isk with the aim of having enough to not need to sell the jump freighter to pay investors back. If I cannot accomplish this I will sell the jump freighter and all other assets to buy back shares. Depending on the success I will extend, but I will offer buy back at the 6 month period. If investors want to sell back shares before the 6 month period I will only do so if liquid funds permit.
If I am forced to withdraw from 0.0 for any reason I will sell all corp assets and dividend out the full ipo value to repay investors. If the assets value at close does not reach the ipo value I will sell personal assets to pay investors in full. In any eventuality investors will be paid back in full.
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Market Garden
Operation Market Garden
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Posted - 2008.08.02 00:37:00 -
[5]
Edited by: Market Garden on 02/08/2008 00:39:52 Chapter 8 - IPO Phases, Dividends, Market Cap
The first stage of the IPO will be to tender an auditor. To the auditor I will disclose my full API keys to verify my characters in all three accounts. To also confirm none of them are known scammers, or have be involved in any other IPO apart from to invest. Also to confirm that I have 0.0 access, access to an outpost, confirm my logistics operation, the assets I claim, the skills I claim and any other claims I make in the IPO document.
In the event that for whatever reason I fail to make a dividend or stop making contact through this character investors should contact the auditor who will try and contact my main. If I do not respond the auditor will make full detail of all my characters, my operations, corp and alliance that I operated in. The auditor will also inform my corporation and alliance that I have failed to pay my investors and thus ruin my eve life.
Should investors wish to contact me at any point they should of course contact this character since this is the only character they will have knowledge of. I will check this char on nearly a daily basis. If at any point during operations a link is made between the IPO and my main characters, which is made public depending on the level of the breach of secrecy I will liquefy and repay investors in full to prevent any risk of loss.
After auditing shares will be released for sale. Once all shares have been sold the ipo will commence. I will immediately buy a jump freighter and purchase goods to sell and place buy orders. If this is in the first 10 days of a month I will pay dividends at the end of that month. If it is in the last 20 days of the month I will wait till the end of the next month to start dividends but will pay out the appreciated dividend due. I.e. 1 and 2/3rds months of dividends.
Market Capitalization û 6 billion isk. 4 billion isk to purchase a jump freighter and the remaining 2 billion isk to start trading.
6000 shares at 1 million isk per share.
There is a limit of an investment of 1billion isk or 1000 shares per investor. However if I do not get enough investors to reach full capitalization then people are welcome to a bigger share. If you reserve a full 1 billion also place in brackets after the maximum you would invest if you had the chance. I.e. ôI want to reserve 1000 shares (4000)ö means you want a maximum stake of 1 billion but in the event of spare shares you will take up to 4 billion isk worth of shares.
Dividends of 4% a month (40,000isk per share).
I will guarantee dividends of at least 4% a month. If profits are good then extra dividends will be made as I see fit, but I make no guarantee above the 4%. If profits from market work do not make the 4% amount in a given month then I will use any and all profits from logistics to supplement it to make the guaranteed 4%.
Upon closing the IPO, I will pay dividends for the month I close, but if I close before the 6 months is up for any reason I will make every effort to pay an additional monthÆs dividend after I close to reward investors. This will compensate them in the event I have to close the company early.
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Market Garden
Operation Market Garden
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Posted - 2008.08.02 00:38:00 -
[6]
Edited by: Market Garden on 02/08/2008 00:40:51 Chapter 9 - FAQ
Q: How do I know this isn't a scam?
This char is an unknown, you will have to rely on the auditorÆs assessment that I have the capacity to run this IPO and that it would be incredibly stupid for me to scam, given what I handle in any given week.
Q: How do you know you'll be successful?
Basically I am buying low, selling high in a market with little or no competition. A chimp could do it. Also I have already established a logistics operation within my alliance making profits already which will contribute towards IPO profits as I will use the IPO assets (jump freighter) to enhance it.
Q: Why are you doing this?
You may be thinking, with nearly 6 bill in assets already why bother? Well I need more isk to make more isk. I could grind my way up to 6 bill isk over a long period but by running an IPO I can get that money in a shorter period of time to make money quicker. Simply put my liquid isk is not a level for me to do this on my own. I need investors.
Q: Do you intend to have an audit done at some point?
Yes. As I will not disclose my mains or other alts, nor provide any real specifics on where I am, an audit will be essential to encourage people to invest. I will not disclose anything for security reasons. I have seen at least one other IPO fail precisely because of security reasons.
Q: What's your background?
I have been playing eve for 1.5 years, with capital ship experience for over 6 months. I have done various manufacturing and small scale market work for the entirety of my eve life, I want to expand that now into a more prominent fixture.
Q: Will you ever buy back shares?
Yes after 6 months. I may extend depending on conditions, if I do end at 6 months dividends will stop and buyback will be immediate. If I extend then I will offer buy back to anyone who wants it.
Q: Will you ever pay over 4% dividends?
Yes if profits are good.
Q: What if someone War Decs OPERATION MARKET GARDEN?
If someone wardecs OPERATION MARKET GARDEN I will lol hard. Since all OPERATION MARKET GARDEN is for is to accept funds from investors, pay out dividends and act as a conduit for information protecting my operations. If my actual alliance is war decÆd hopefully I will have enough stock on sale in 0.0 to weather through it. If not I will mine/rat/use personal funds to make up the shortfall (if there is one). I guarantee 4%.
Q: What now?
First I need to tender an auditor to confirm my claims and let interest parties know I can do this. If you wish to make a reservation you are free to do so. After the auditor reports back I will contact those with a reservation to arrange isk transfer if they are happy to proceed. I will only accept isk for shares once the IPO is fully subscribed, anyone who sends isk before I ask for it will have it sent back. I will not expand beyond the 6billion nor will I start without the full capitalization.
I know the details are sparse but it is needed for security purposes. Once I have an auditor report back I should hope that will appease those concerned with the secrecy, as he/she will be able to confirm my claims.
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Kwint Sommer
Caldari XERCORE
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Posted - 2008.08.02 01:06:00 -
[7]
Quote: I will NOT at all disclose my mains, alts, corporation, alliance, 0.0 areas or anything else specific to anyone but the person who does the audit as detailed later.
I love it when exclamation marks ask for billions.
Purchasing and Shipping Moon Minerals |
Market Garden
Operation Market Garden
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Posted - 2008.08.02 01:12:00 -
[8]
Originally by: Kwint Sommer
Quote: I will NOT at all disclose my mains, alts, corporation, alliance, 0.0 areas or anything else specific to anyone but the person who does the audit as detailed later.
I love it when exclamation marks ask for billions.
Apart from i'm not a exlamation mark. The auditor will validate all my claims about my mains. I have to not reveal my other characters or I would endanger the operations to perform this IPO. This is simply a char created to hold this corp and protect my security.
So come on any auditors out there want to take this up?
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Taikun
Gallente
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Posted - 2008.08.02 01:32:00 -
[9]
Any history buff would know that "Operation Market Garden" was a resounding if not a complete failure for the allies during WWII.
Interesting choice for a IPO name.
Taikun
A criminal is a person with predatory instincts who has not sufficient capital to form a corporation. |
Kwint Sommer
Caldari XERCORE
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Posted - 2008.08.02 01:40:00 -
[10]
I appreciate that some things are best done quietly but you can't seriously expect us to give you billions without some measure of security, be it assets or a good name.
If you really can't reveal your main, I'd recommend getting a respected individual to vouch for you. Some random guy on MD doing an "audit" isn't going to convince anyone save perhaps him.
Purchasing and Shipping Moon Minerals |
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Ulstan
Caldari State Protectorate
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Posted - 2008.08.02 01:43:00 -
[11]
If this turns out to be a scam, it has the most absolutely awesome historically appropriate name ever.
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Athre
Minmatar The Higher Standard
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Posted - 2008.08.02 01:50:00 -
[12]
I smell a goon alt... that doesnt necessarily mean scam, just reason for not showing face...
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Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.08.02 01:59:00 -
[13]
Maybe he's on the Axis end of Operation Market Garden? Market pvp ftw!
Seems a lot of people (myself included! ) are just looking for reasons to get a jump freighter.
Packtu'sa [NCIC] Founder/CEO, Nabaal Construction and Industrials Corp |
Dek'Mutar
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Posted - 2008.08.02 02:13:00 -
[14]
The only way i see this working without you revealing your identity, is making more then one audit with different auditors. And that should be the more respected auditors avaible here...
Also i would like to add, that 4% Interest per Month seems awfully small. Since there are undoubtly some risks involved.
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Treelox
Amarr Market Jihadist Revolutionary Party
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Posted - 2008.08.02 02:14:00 -
[15]
Originally by: Taikun Any history buff would know that "Operation Market Garden" was a resounding if not a complete failure for the allies during WWII.
Indeed, first thing that went through my mind too. Named after an epic fail, so it must be an epic fail. I stopped reading after the first paragraph, because of the epic fail name and the fact that it is some faceless alt. --
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Pasha Cracken
Caldari Thanos and Killjoy Productions
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Posted - 2008.08.02 02:32:00 -
[16]
Originally by: Ulstan If this turns out to be a scam, it has the most absolutely awesome historically appropriate name ever.
This -----
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Raylyn Yu
Minmatar University of Hard Knocks Lords of the Damned
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Posted - 2008.08.02 05:42:00 -
[17]
Edited by: Raylyn Yu on 02/08/2008 05:42:38
Originally by: Ulstan If this turns out to be a scam, it has the most absolutely awesome historically appropriate name ever.
1) Initial success. 2) Communication and logistical problems. 3) Delay in support from alliance members. 4) Loss of jump freighter. 5) IPO fails with investment lost. 6) ! alt disappears, with the main's reputation untouched.
Historically accurate and negative!
---------------------------- Beep boop I'm a robot |
Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.08.02 06:02:00 -
[18]
All joking about the name aside, most investors here expect 4.5% monthly interest minimum; a 4% offering for an unsecured IPO from an unknown is simply not going to fly.
Packtu'sa [NCIC] Founder/CEO, Nabaal Construction and Industrials Corp |
YouGotRipped
Ewigkeit
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Posted - 2008.08.02 06:15:00 -
[19]
Edited by: YouGotRipped on 02/08/2008 06:20:53
So you guys actually bothered to read the offer? Somehow when scrolling down I noticed the line about not revealing his main/alts.
Next!
It is a disturbing trend nonetheless, a scammer could still reveal some/all characters in another "genuine" offer and then attempt to sell stories like these to gain even more isk.
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leona starfire
LS Trading and Production Inc.
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Posted - 2008.08.02 07:06:00 -
[20]
Quote: Dividends of 4% a month (40,000isk per share).
I will guarantee dividends of at least 4% a month. If profits are good then extra dividends will be made as I see fit, but I make no guarantee above the 4%. If profits from market work do not make the 4% amount in a given month then I will use any and all profits from logistics to supplement it to make the guaranteed 4%.
So after making 4% which is very easy to do you decide how much more we will get as shareholders?
Would it not be better to say any profits over 4% will be split 50/50 between shareholders and yourself instead of saying I may decide to give you something or nothing if profits are above 4%.
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Bad Bobby
Ugly Toys Zzz
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Posted - 2008.08.02 07:06:00 -
[21]
I could not invest in this for the following reasons:
1. 4% monthy return
Far too low. I can get much higher returns from extremely low risk investments with highly respected MD community members and people that I have long standing business relationships with. There is simply no incentive to invest in this.
2. High risk
This is a high risk IPO. Due to understandable non-disclosure of characters there is a flight risk. Due to the nature of the IPO there is a moderate risk of very large losses. Due to the unkown nature of the proposer it is impossible for me to guage wether the person has the ability to make this work, therefore there is a moderate risk of incompetence related failure. Overall the risk profile is discouraging.
3. Lack of security
There is no security to mitigate the risks. Given the level of risks we are talking about here I would need to see substantial security.
4. Friends, Family and Fools
This is where you should be getting your investment. From people that know you, trust you and can inflict pain upon you should you fail them. You should not be looking for investment from MD. If you cannot get investment from the 3 Fs then that is as harsh a criticism of your ability and investability as anyone here could ever make.
In Summary
This is simply not an investment. It's a high risk with no matching return nor mitigating security. I don't think the nature of this IPO could be fixed. You seriously need to approach your alliance/corp mates that already trust you and aquire the investment from them. They are the only people that could ever invest in this with any confidence.
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Ambo
Dirty Deeds Corp. Axiom Empire
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Posted - 2008.08.02 09:44:00 -
[22]
Ambo's investment rating: Very poor. --------------------------------------
Trader? Investor? Just want to track your finances? Check out EMMA |
Bad Bobby
Ugly Toys Zzz
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Posted - 2008.08.02 10:33:00 -
[23]
Originally by: leona starfire So after making 4% which is very easy to do you decide how much more we will get as shareholders?
Would it not be better to say any profits over 4% will be split 50/50 between shareholders and yourself instead of saying I may decide to give you something or nothing if profits are above 4%.
A poor suggestion I feel. For an investment with this level of risk, with an unknown party, with variable returns that cannot be varified... any investor in this needs a HIGH fixed rate of return to justify accepting any portion of the risks involved. Variable returns introduces an additional trust issue to an already crippled IPO, it makes no sense to the investor and would further disadvantage the proposer.
But simply put, there is absolutely no point in considering investment in this. If the proposer cannot extract 6 billion isk from his corp and alliance mates that have been flying with him for several months, people who have more information on how trustworthy the proposer is than we will ever have, then there is obviously a serious problem.
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SoleDeo Gloria
Minmatar Mission Runners Incorporated
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Posted - 2008.08.02 10:57:00 -
[24]
Originally by: Ambo Ambo's investment rating: Very poor.
This ^
Visit us at Avatars United |
Entaran
Caldari Excession Enterprises
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Posted - 2008.08.02 11:49:00 -
[25]
I stock 0.0 markets for a living. Not all of them are even remotely profitable. I'd LOVE to know which region you plan to be stocking because profitability is DIRECTLY related to the amount of war going on. The more stable the region, the LESS money you make.
Also, if you're only making 4%, you need to reinvent your business plan. 4% doesn't even cover your time to get the items out to the markets.
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Shadarle
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Posted - 2008.08.02 14:28:00 -
[26]
I feel kinda sorry for this guy. He typed up all this stuff and almost no one is gonna read any of it.
He's a !, he wants 6b, he has a horrible name that wreaks of scam (like "yougotripped"), he won't reveal his main or alts, he hasn't posted here before so we can't even decide if he has a shred of intelligence.
So many reasons not to invest!
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Market Garden
Operation Market Garden
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Posted - 2008.08.02 14:29:00 -
[27]
Originally by: leona starfire
So after making 4% which is very easy to do you decide how much more we will get as shareholders?
Would it not be better to say any profits over 4% will be split 50/50 between shareholders and yourself instead of saying I may decide to give you something or nothing if profits are above 4%.
I was debating the exact amount in terms of % split. 50/50 would be a good starting point. The reason I dont guarentee a dividend higher than 4% is incase war/fighting in the region died down. I can easily expect the dividend to be nearer 10% a month if not higher, as anyone who stocks markets in 0.0 will tell you is easily atainable.
I was expecting a flood of posts about this being a scam or a stupid thing to invest in, but really once a auditor comes forward and looks at my chars, talks to anyone in the alliance who uses my services, he/she will be able to validate my claims and without doubt see that i'm not going to scam for the same amount of isk that I handle a week for the alliance i'm in.
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Market Garden
Operation Market Garden
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Posted - 2008.08.02 14:31:00 -
[28]
Edited by: Market Garden on 02/08/2008 14:36:26
Originally by: Shadarle I feel kinda sorry for this guy. He typed up all this stuff and almost no one is gonna read any of it.
He's a !, he wants 6b, he has a horrible name that wreaks of scam (like "yougotripped"), he won't reveal his main or alts, he hasn't posted here before so we can't even decide if he has a shred of intelligence.
So many reasons not to invest!
So what I should of created the char a couple of months ago, done a few forums posts and that would make it better? No it wouldnt. Still not a reflection on my main nor on my current operations. The name of the corp is in no way reflecting what the sucess of this operation will be. I like WW2 films, I couldnt think of a name for the corp and so I am.
If you feel sorry for me why not take a look at my API keys to verify my characters, talk with my actual main and with my alliance as well. All the other directors on the board of directors will tell you without a doubt I can be trusted and that if I did scam, it would ruin me.
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WonderBoy
Weltmacht oder Niedergang
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Posted - 2008.08.02 14:43:00 -
[29]
4% return.. why bother???
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Market Garden
Operation Market Garden
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Posted - 2008.08.02 14:48:00 -
[30]
Originally by: WonderBoy 4% return.. why bother???
4% is guarenteed. Its 4% plus profits. Expect to get much more than 4%.
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