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Rens Proposition
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Posted - 2008.09.18 22:20:00 -
[1]
Rens Proposition - Jump Freighter Investment Opportunity
ò Chapter 1 - Summary
ò Chapter 2 - Background on current business
ò Chapter 3 - Corporate Governance
ò Chapter 4 - The Business Plan (either beginning or expanding)
ò Chapter 5 - Statement of Assets
ò Chapter 6 - Full Disclosure of Risks
ò Chapter 7 - Full Disclosure of Main and Alts
ò Chapter 8 - Exit Strategy
ò Chapter 9 - IPO Phases
Chapter 1 - Summary
My IPO is going to be used to purchase a Jump Freighter (skills already purchased out of pocket) and used to haul goods from a certain market to another. Research has been done and the math checked and double checked to ensure no over saturation and sustainability of projected profits.
Chapter 2 - Background on current business
I have been patrolling different markets around Eve and found a market that seems to be relatively untouched by competition but still in demand. As is common, I would prefer not to go into the details of the actual market, but will talk about the practice. I would be setting up buy orders, and moving goods via freighter or jump freighter from one region to another.
I have conducted a fair bit in single station trading and regional trading, but haven't had the capital to start a massive inter-regional affair.
While the math says it is theoretically possible to double the initial investment in the first cycle, I would much more prefer to low ball and suggest an easy 20% return per 45 days.
I would prefer to pay off the initial investors as quickly as possible, and the 20% return will go towards the investors. Any profit above 25% will go towards the investors in an attempt to grant an early pay off. I will keep the 5% between 20 and 25 as personal income.
Chapter 3 - Corporate Governance
As far as corporate governance goes, this is a solo project (with alts for cyno in the event of utility of a Jump Freighter)
Chapter 4 - The Business Plan
I will be buying a commodity off of the market in one region, and utilizing a Freighter and/or a Jump Freighter, will be transporting this good to different markets across Eve and reselling. Months of research have gone into this to ensure stability and feasibility. Accounts are paid out of RL pocket due to the love of the game, so GTC's are not needed.
Isk Breakdown:
Jump Freighter - 4.5bil
or
Freighter - 1bil
Initial market investment - 1bil
Total Request - 5.5bil
Estimated return every month: 250mil
Chapter 5 - Statement of Assets
Assets include a Character worth approx 3bil on the character market by best estimate to be used as collateral.
Chapter 6 - Full Disclosure of Risks
Risks include: Suicide ganked, complete crash or my target market, death via plane crash, and of course, this being a scam.
Chapter 7 - Full Disclosure of Main and Alts
My main is Rens Proposition. She is a 9 month old character, has been only in the starter corp. In fact, do this before you buy any shares at all. The reason I have kept this character free of player corps, is to avoid war decs, and to minimize any losses due to empire wars so as to not interrupt daily trade activities.
My alts are the following:
Goneto Hek (cyno alt, gate scout)
Chapter 8 - Exit Strategy
Due to the event of a complete failure on this investment after 90 days, I will liquidate all assets including freighters, jump freighters, and any unsold goods. I will also put a vote to the investors for the possibility of selling the character to cover any losses and remaining unpaid interest.
Pending no actual failure and complete success, Investors will be paid via interest until initial investment plus 20% return is granted.
Chapter 8 - IPO Phases
Phase 1 - Initial investment on ships is made, and an initial market investment is made.
Phase 2 - Begins as soon as half of the market order has been filled, and transport begins to other markets to offload supply. Phases will repeat continuously until investments are paid back, or complete failure of the IPO and character sale commences
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Rens Proposition
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Posted - 2008.09.18 22:20:00 -
[2]
Special thanks to Hexxx for the IPO format.
*Reserved/FAQ*
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Grendell
Technologies Unlimited
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Posted - 2008.09.18 22:57:00 -
[3]
I may be interested.
I will convo you in game if that's alright.
I have some questions of my own.
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Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2008.09.18 23:12:00 -
[4]
Edited by: Treelox on 18/09/2008 23:13:13
 Originally by: rens proposition
Assets include a Character worth approx 3bil on the character market by best estimate to be used as collateral.
Care to discuss by what exact mechanic this would become collateral?
Also I am a bit confused, or maybe you are. I see that in your write up that you are aiming for a Jump Freighter or if unable to get that much a "regular" Freighter. If you have this flexability it seems that you dont need the "special" abilities of a jump freighter. Why indebt yourself to us for the price of a jump freighter when you can get by with a "regular" freighter?
Jump Freighters make much bigger targets than T1 freighters.
You make no mention of it anywhere in your write up that I noticed. Do you plan on low sec or 0.0 hauling? While I can understand not giving the specific locations to us, you should mention this. Partly so we can understand the risk, and also as a validation of your potential need for a JF.
I also think you really need to work on a "better" more structured and informative; dividends, repayment, numbers section. It is a bit vague and you should at least set up a schedule that you will pay by. A, "I'll pay dividends as I am able" plan wont attract many nor will it garner much trust.
---edit
added a word for better readability.
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Roemy Schneider
BINFORD
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Posted - 2008.09.18 23:15:00 -
[5]
i don't see the need for a _jump_ freighter and i'm not even sure a T1 is necessary...? just roughly; ships, mods, materials...?
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putting the gist back into logistics |
Rens Proposition
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Posted - 2008.09.18 23:16:00 -
[6]
Treelox, thanks for pointing that out. I had originally included information on this but it had gotten deleted when I trimmed the first post. I had forgotten to include it in the second post. I will add this info to the FAQ right now.
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Nido Gentz
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Posted - 2008.09.18 23:35:00 -
[7]
I'll echo Treelox comments and say that I am really confused about the terms of repayment, term of the loan, dividend payments, when dividends are paid, the amount...etc. Would appreciate some clarification.
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Rens Proposition
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Posted - 2008.09.19 00:36:00 -
[8]
Updated the main body, as well as the FAQ. Taking your comments into consideration, I've decided to shoot for something a bit safer. I've reduced the asking amount to cover just the initial market investment and a T1 freighter.
If this is as successful as my research and math says it will be, I may revisit the idea of a Jump Freighter at that time and look at expanding operations.
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Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2008.09.19 02:26:00 -
[9]
Edited by: Treelox on 19/09/2008 02:29:37
Originally by: Rens Proposition
I may revisit the idea of a Jump Freighter at that time and look at expanding operations.
Which is a waste of isk unless you have a need for the Jump Freighters abilities. Nothing in your write up says that you have a need of jumping through low sec or 0.0
If your going to be doing trading with low sec and 0.0, now or later while you have public isk, you really need to let us know that.
Also I still fail to see anything that talks about the mechanics of HOW you will disperse dividends. I can assume I already know the answer from some other clues you provided, but you need to state it.
--edit
hit return too quick
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Shadarle
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Posted - 2008.09.19 02:36:00 -
[10]
Originally by: Rens Proposition
If this is as successful as my research and math says it will be, I may revisit the idea of a Jump Freighter at that time and look at expanding operations.
Do you even know how a Jump Freighter works? I tend to believe you do not. Perhaps you should write out a post detailing how they work just as a means of proving you might know what you're doing with this IPO. Currently I tend you believe you're in WAY over your head. You write up an IPO asking for one thing, then you can immediately change it to ask for something else? Sorry... your plan couldn't have been too good if it's that flexible. You must not have really planned anything.
But I strongly suggest you prove some basic knowledge about freighters and jump freighters, the differences, why you'd use one over the other, where you'd use them, etc. If you cannot do this you have no business getting a penny from anyone here for a freighter IPO.
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Market Garden
Operation Market Garden
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Posted - 2008.09.19 02:53:00 -
[11]
It seems from reading the initial document you don't actually know what the market is you will be trading in. If its empire than a freighter will do.
As you seem to think that either a jump freighter or a freighter will do, I would assume your regions to move stuff between are empire regions.
Do you know what kind of volume you will sell? It's all very well seeing a sparsely seeded market that is in demand of more volume, but is it such a volume that we create the profits you need?
Based on the items in question and a reasonable expected volume of sales, what is the physical volume that you will sell in a week/day/month? As such depending on that, how often will you have to seed the markets with your goods? How far will your capital go? Enough to seed a volume of items for a day/week/month?
Based on that what is the actual physical volume you will be hauling? Can it be done with a fully expanded iteron mark-V or is the freighter actually needed?
With 1-billion isk going toward market capital, and the "need" for a freighter I am guessing a low cost, high volume/size item.
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Ricdic
Caldari
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Posted - 2008.09.19 05:43:00 -
[12]
* You don't need a JF unless dealing in lowsec/0.0
* You say you need to raise 2b but offer max investment amount of 5.5b. Why?
* You plan to focus investment on one specific item?
* Your char is 9 months old. Was it yours from start?
* You have advised you flip chars so can easily buy a new one.
* Your char has zero standings with 0.0 sec status.
* Standings indicate you have killed 3 rats in 9 months (approx)
* Noob corp
* Bio mentions IPO only
* You have only ever had 2 contracts. Dramiel and DB Cap booster
* Both of those contracts were 9 days ago
9 months of posting history >
11/06/08 - Huginn , Rapier discussion
23/01/08 - L4 mission ship thread where you actually advise you used wrong char for posting. to quote - "*edit* stupid wrong character as default..."
So based on that 5 minutes of research I am willing to believe your character is an alt which by definition in your "FULL DISCLUSOURE OF MAIN AND ALTS" you have lied or withheld information.
To further chew up your post. As I stated at top your char has no history of ever running missions however you were still ok to post in a thread advising on mission ships and setups.
Thanks for your time, i look forward to your responses. |
Hawkcrest
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Posted - 2008.09.19 05:50:00 -
[13]
lol, way to tear him up Ricdic 
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Pink Kiwi
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Posted - 2008.09.19 07:01:00 -
[14]
Originally by: Rens Proposition
Q. Why do you need a Freighter?
A. The m3 being moved every month is a little over 1mil m3. This is approximately 2 full freighter loads. Total worth of goods moved per month will be approx 1.25-1.3bil.
If you only need 2 freighter trips a month, why bother with a freighter at all? Hiring a freighter service would be much more cost effective. For well under your 20% interest payment, you could have the goods hauled anywhere you want in high sec. Having a 1 billion ISK asset sit idle most of the time seems foolish for someone that can't afford a freighter.
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Kazuo Ishiguro
House of Marbles
Zzz
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Posted - 2008.09.19 07:49:00 -
[15]
I question the need for you to buy a freighter.
There are plenty of people who already have freighters and offer their services out for hire - 250k/jump in empire is not uncommon. If you can't still make a profit after their commission, the routes you've found probably aren't worthwhile.
If you want to hide items from a courier, you can put them inside a general freight container and then contract the container. When they peek inside the package, they'll only see the GFC. Granted, if they bring a friend with a cargo scanner, they can still find out, but most people won't bother.
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DIY copying in Liekuri
20:1 mineral compression |
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