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Amrof Ni
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Posted - 2008.10.04 07:54:00 -
[1]
Trading by Trial IPO Plan
ò Chapter 1 - Summary of Trading by Trial ò Chapter 2 - Background ò Chapter 3 - Governance ò Chapter 4 - The Plan ò Chapter 5 - Statement of Assets ò Chapter 6 - Disclosure of Risks ò Chapter 7 - Disclosure of Main and Alts ò Chapter 8 - Exit Strategy ò Chapter 9 - IPO Phases, Dividends, Market Cap ò Chapter 10 - FAQ
Chapter 1 - Summary of Trading by Trial
Trading by Trial will be a simple trade business. I do not really utilize large trade hubs but instead place buy orders in mission running systems I have discovered to have competition I can deal with and then sell the items at more significant hubs û yet tend to avoid big hubs like Jita, or Amarr.
Chapter 2 - Background
The idea for this plan first came about when I discovered that placing buying orders was more entertaining than it seemed. I have a reason to log into the game around the clock now to see how many items I have purchased at silly low prices. I started to sell these items and, at first, had a hard time moving them û they would not sell in the systems that I purchased them in that quickly. So I decided to ask some random pilots in misc local channels what systems they tend to base their mission running out of, and gathered a list of what I refer to as ômini hubsö that have a steady flow (around 15-40 people in local all the time) that allow for much faster movement of items without the vast 'undercutting' that I experienced in larger hubs.
I am attending class heavily so I do not have much time to actually run missions myself, but while doing homework I keep my market windows open and hop around my three little regions making quite a healthy amount of isk.
I do not keep a detailed record of every item I buy and sell in my own spreadsheets, but I do utilize a privately made spreadsheet for overall trend tracking and I heavily utilize one of the popular third party wallet monitoring tools available here on the forums. I noticed that over time, as expected, the more isk I had to place in buy orders, the more isk I would make. I now seem to grow in worth by about 8 percent per week on weeks where I spend about five hours monitoring and moving around my items/markets. The last two months I have averaged a growth of about 5% per week.
Chapter 3 - Governance
Trading by Trial is run by me and me alone. All decisions are made by me. All isk is handled by me.
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Amrof Ni
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Posted - 2008.10.04 07:56:00 -
[2]
Chapter 4 - The Plan
I plan to continue what I have been doing but increasing the volume of isk I am able to have at work on the market at any given time. My biggest limitation so far has been the amount of product I have to sell. I sell my items rather quickly but I tend to have many of my buy orders bought out by the time I log back in the next day. My solution to this will be a simple one, offer to buy a higher quantity of a higher variety of items at any given time. Instead of buying some of X, then while those sell, buy some of Y, I will always be buying X and Y (keep in mind I currently buy plenty more than one item at a time, but I the analogy I think still stands).
This is my first offering and according to what I've read if I want to actually have a return that's worth posting on these forums I need to offer at least seven percent or so. I am comfortable that I can easily return that much and am going to offer a 10% return per month for a two month period.
If I keep with my current trends I should earn at least a conservative 5% per week so 10% would be about half my profits, so this would definitely benefit me as well as being able to benefit investors.
Chapter 5 - Statement of Assets
I use some average industrial ships occasionally (Gallente, non-Iteron Mark V's), but really most of the items I buy are moved easily using cruisers with cargo expanders. This plan does not really require too much in terms of 'listed assets' so I do not have much else to list here.
Chapter 6 - Disclosure of Risks
Because Trading by Trial relies on hauling goods from place to place and requires market prices to remain in favor of the business, there are risks that are out of my control. I do not use low sec because I am scared of it and I know there are still risks, but I've been doing this for a few months now and feel that I am not likely to lose ships that often. I also only move around smaller values of isk at a time, I tend to not haul 500 million isk worth of items around at once out of fear of losing it, and I don't mind the extra flight time when needed.
Market fluctuations may occur, but I do participate in many items worth of trade at a time and it seems unlikely that all of these markets will fold against me at the same time resulting in global loss.
There are also the risks associated with all IPOs and I could just take the isk and run away. One billion isk is what I'll be asking for and diluting my name over a billion isk, something anyone could earn in a relatively short period of time seems a bit of a waste, but it's up to the potential investors to decide if the risk is worth the investment.
Chapter 7 - Disclosure of Main and Alts
My main is Amrof Ni, I do not use any alternate characters due to a mild role-play thing I have going on. If I feel at some point that I really need alts to sit in stations and monitor prices, I'll do so and then list the characters' names here.
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Amrof Ni
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Posted - 2008.10.04 07:57:00 -
[3]
Chapter 8 - Exit Strategy
If all my markets begin to fail, I could be forced into early retirement and sell of what I can for what I can and then go back to running missions instead of doing homework to pay for my losses, but I hope the risks are minimal and this doesn't happen.
If I am unable to play due to injury I think I'll just forget about eve and worry about my injury, but as long as I am able to get to the machine, my investor's isk will be a priority.
Chapter 9 - IPO Phases, Dividends, Market Cap Total Number of Shares: 1,000
Shares for sale IPO: 500
Share Price: 2,000,000 isk
Schedule: 30 days after the beginning of the IPO I will pay dividends totaling 10% of the initial investment, then 30 days after that I will pay another round of dividends totalling 10% of the initial investment, then buy back shares at the price of 2,000,000 each.
Projected Return per month: 10.0%
Projected Return per Share: 400,000 isk
Buyback of Shares: Buyback after 60 days of the declared start of the offering, shares will be purchased at this time for 2,000,000 isk each.
Chapter 10 - FAQ
Q: How do I know this isn't a scam? A: You make the decision to trust me based off of what I have written here and do with it what you wish.
Q: How do I know I will be successful? Historical evidence of my buy/sell practices.
Q: Why am I doing this? Homework has forced me into learning that you can have fun in eve while doing other things at your desk.
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Amrof Ni
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Posted - 2008.10.04 08:05:00 -
[4]
Edited by: Amrof Ni on 04/10/2008 08:18:31 Edited by: Amrof Ni on 04/10/2008 08:15:36 Reserved for allocating shares and announcing start/end date pending any discussion.
All Shares Reserved: flakeys 500 shares
Start date: 10/4/2008
End date: 12/2/2008
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flakeys
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.04 08:11:00 -
[5]
Taking the full 1 bille investment.Transfering in a minute |

Amrof Ni
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Posted - 2008.10.04 08:14:00 -
[6]
If you'd like to I can start the offering as soon as you would like. Any questions? |

flakeys
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.04 08:14:00 -
[7]
Isk transfered. |

Amrof Ni
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Posted - 2008.10.04 08:15:00 -
[8]
Alright then, all shares reserved ! |

flakeys
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.04 08:15:00 -
[9]
Edited by: flakeys on 04/10/2008 08:16:05
Originally by: Amrof Ni If you'd like to I can start the offering as soon as you would like. Any questions?
Not one .. i am not a person of words like most in here allready know.I can ask a load of questions and still won't exactly know what you do or on what level i can trust you.
Good luck and keep me updated on how it goes.
Edit:No need to create shares btw but this is obvious  |

Yoko Kringe
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Posted - 2008.10.04 08:17:00 -
[10]
Well that was easy  |

Amrof Ni
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Posted - 2008.10.04 08:18:00 -
[11]
Will do, thanks for your participation. |

Rho'varo
Minmatar Diversified Operational Services
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Posted - 2008.10.04 08:27:00 -
[12]
Originally by: Amrof Ni Q: How do I know I will be successful? Historical evidence of my buy/sell practices.
Exactly what evidence will you be offering?
E.g., is an auditor's report forthcoming? Since you have no alts at all, the potential security risks to you of disclosing your API key to an auditor are reduced (i.e., no possibility of having any "secret identities" blown).
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Amrof Ni
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Posted - 2008.10.04 09:02:00 -
[13]
Originally by: Rho'varo
Originally by: Amrof Ni Q: How do I know I will be successful? Historical evidence of my buy/sell practices.
Exactly what evidence will you be offering?
E.g., is an auditor's report forthcoming? Since you have no alts at all, the potential security risks to you of disclosing your API key to an auditor are reduced (i.e., no possibility of having any "secret identities" blown).
Guess I wouldn't have any explicit evidence. . . but the shares have already sold, so guess I didn't need it 
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Rho'varo
Minmatar Diversified Operational Services
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Posted - 2008.10.04 13:19:00 -
[14]
Third-party auditing might serve you well in the future, supporting an expansion or extension, or supporting a possible successor offering. A generally-trusted auditor could report on some basic facts, giving potential future investors some independently-verified data, rather than just your say-so.
I note that the publicly-available information about Amrof Ni is wholly consistent with her being an alt (albeit without proving such): (i) self-described as into "mild role-play" but and has completed on the order of one NPC mission, (ii) joined a player corporation within days of "birth", (iii) has just one forum post prior to this IPO (in a thread which was paying for posts, perhaps a good time to use an alt?). Perhaps most interesting, that earlier player corporation to which Amrof Ni belonged ("Woot Corp", now defunct) was founded by the same pilot (Alba Tross) who later founded "New Climacteric", an entity which very recently concluded its own brief IPO venture.
An audit now might be able to dispel concerns that these two ventures could be pieces of window-dressing, paid for as a loss leader to sell a future scam attempt. Without independent verification, only insiders can know whether or not Amrof Ni is an alt of flakeys or Caste Ling, or even Alba Tross, Ricdic or me!
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Amarr Citizen 155
Alternative Methods Research Group
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Posted - 2008.10.04 16:44:00 -
[15]
Originally by: Amrof Ni
Guess I wouldn't have any explicit evidence. . . but the shares have already sold, so guess I didn't need it 
So that part of your write up was a lie?
Quote: Ricdic (about starting ebank, July 2007): Think of it as a miniature EIB done right. I cannot see this getting anywhere near 700b any time in the future tbh.
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flakeys
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.04 18:03:00 -
[16]
Edited by: flakeys on 04/10/2008 18:05:57
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Rho'varo
Minmatar Diversified Operational Services
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Posted - 2008.10.04 18:17:00 -
[17]
Originally by: flakeys Joke's on me?
If this whole enterprise is a loss leader for a big scam attempt, probably either:
- you are in on it (you did find the thread, conduct your due diligence, decide to invest, and post to that effect within five or six minutes of the announcement), or
- your positive experience and public comment as sole shareholder is crucial to the success of this present venture as future purported "proof" of trustworthiness and so your investment is safe.
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flakeys
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.04 18:28:00 -
[18]
Originally by: Rho'varo
Originally by: flakeys Joke's on me?
If this whole enterprise is a loss leader for a big scam attempt, probably either:
- you are in on it (you did find the thread, conduct your due diligence, decide to invest, and post to that effect within five or six minutes of the announcement), or
- your positive experience and public comment as sole shareholder is crucial to the success of this present venture as future purported "proof" of trustworthiness and so your investment is safe.
Ok let's clear this.I am not the op nor do i know him.I am a regluar investor here so quit with the conspiaracy theary please you are giving me a headache.
The op left his original corp so i would say 'the joke is on me' probably and got my first scam served on a platter.Now not sure yet so give the op some time to respond but let's say i got a 99% feeling i got scammed.Shit happens part of it blabla .. 
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cosmoray
Cosmoray Construction
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Posted - 2008.10.04 18:45:00 -
[19]
I have a simple rule.
I never invest in a pure trade IPO, unless the person has an awesome rep.
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flakeys
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.04 18:51:00 -
[20]
Edited by: flakeys on 04/10/2008 18:53:17
Originally by: cosmoray I have a simple rule.
I never invest in a pure trade IPO, unless the person has an awesome rep.
I seen a lot of the rules pass by and i also have seen there have been verry high scams the last weeks.Look at ambo for example .. someone who carefully picked his investments yet had a few scams against him the last weeks/month.You can follow all the rules you want fact is it is a gamble that you take.I took the gamble a lot of times but at a certain point you'll get a bite.This was mine unless the op comes in and proves otherwise.
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flakeys
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.04 18:58:00 -
[21]
Originally by: Rho'varo Amrof Ni is an alt of flakeys or Caste Ling, or even Alba Tross, Ricdic or me!
Alba tross/assum bli and caste ling are one and the same person.I talked to him bout this but he says he does not remember the op allthough he was in his corp.
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Amrof Ni
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Posted - 2008.10.04 19:01:00 -
[22]
This was going to be a scam against the market forum, guess it fell through since we got unveiled. We planned on running this IPO until we attained trust and then hitting for a larger amount come December.
We made a mistake when beginning the deleting process of the character when it pushed that character out of its corporation. This made it publicly known that the character could no longer pay dividends. So we sent flakeys, friend of mine, back in an attempt to act as if he got scammed. Noone seem to fell for it so we'll just proudly walk away with all of the isk.
Flakey's, Alba Tross, and I will walk away a few extra bits of knowledge for the next big scam attempt.
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flakeys
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.04 19:04:00 -
[23]
Originally by: Amrof Ni This was going to be a scam against the market forum, guess it fell through since we got unveiled. We planned on running this IPO until we attained trust and then hitting for a larger amount come December.
We made a mistake when beginning the deleting process of the character when it pushed that character out of its corporation. This made it publicly known that the character could no longer pay dividends. So we sent flakeys, friend of mine, back in an attempt to act as if he got scammed. Noone seem to fell for it so we'll just proudly walk away with all of the isk.
Flakey's, Alba Tross, and I will walk away a few extra bits of knowledge for the next big scam attempt.
I dont knwo what you r doing here but scamming me aint a problem but now you r starting to really **** me of.You know what CCP's response to pretending to be someone else is?Let's see how far we want this to go shall we?
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Caste Ling
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Posted - 2008.10.04 19:15:00 -
[24]
Ok, really? flakeys contacted me in game and showed me the thread. All I can do is tell you I am not associated with this player and have that be that.
We were in the same corp before, but I recruited a few people out of rookie chat / local channels back when I was new so I do not know how much responsibility I should have over how my 'old friends' behave.
I'm sorry to those who got affected, and if this person were still in the same corp as me, I'd kick them, but I guess that's all I could do. |

Amrof Ni
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Posted - 2008.10.04 19:19:00 -
[25]
Originally by: flakeys
Originally by: Amrof Ni This was going to be a scam against the market forum, guess it fell through since we got unveiled. We planned on running this IPO until we attained trust and then hitting for a larger amount come December.
We made a mistake when beginning the deleting process of the character when it pushed that character out of its corporation. This made it publicly known that the character could no longer pay dividends. So we sent flakeys, friend of mine, back in an attempt to act as if he got scammed. Noone seem to fell for it so we'll just proudly walk away with all of the isk.
Flakey's, Alba Tross, and I will walk away a few extra bits of knowledge for the next big scam attempt.
I dont knwo what you r doing here but scamming me aint a problem but now you r starting to really **** me of.You know what CCP's response to pretending to be someone else is?Let's see how far we want this to go shall we?
I said you and Alba were my friends, if you don't want to be my friends then go on about your business. I'm sure this thread is way out of MD guidelines so it should be shut and put away. |

flakeys
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.04 19:23:00 -
[26]
Originally by: Amrof Ni
Originally by: flakeys
Originally by: Amrof Ni This was going to be a scam against the market forum, guess it fell through since we got unveiled. We planned on running this IPO until we attained trust and then hitting for a larger amount come December.
We made a mistake when beginning the deleting process of the character when it pushed that character out of its corporation. This made it publicly known that the character could no longer pay dividends. So we sent flakeys, friend of mine, back in an attempt to act as if he got scammed. Noone seem to fell for it so we'll just proudly walk away with all of the isk.
Flakey's, Alba Tross, and I will walk away a few extra bits of knowledge for the next big scam attempt.
I dont knwo what you r doing here but scamming me aint a problem but now you r starting to really **** me of.You know what CCP's response to pretending to be someone else is?Let's see how far we want this to go shall we?
I said you and Alba were my friends, if you don't want to be my friends then go on about your business. I'm sure this thread is way out of MD guidelines so it should be shut and put away.
Uhm no you are saying that both me and ALba tross are also scammers wich is totally something else then what you are saying.But we'll see how this ends.I am done replying.
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Amrof Ni
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Posted - 2008.10.04 19:28:00 -
[27]
It ends with me a billion isk richer!
That is all, I am the ultimate scammer - you will never know my full identity!
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cosmoray
Cosmoray Construction
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Posted - 2008.10.04 19:29:00 -
[28]
This why you don't invest in noobs without lots of checking, API audit, and even then ask loads of questions.
Too quick to jump, I hope you learnt your lesson.
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flakeys
Coalition of Nations Free Trade Zone.
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Posted - 2008.10.04 19:33:00 -
[29]
Edited by: flakeys on 04/10/2008 19:34:28
Originally by: cosmoray This why you don't invest in noobs without lots of checking, API audit, and even then ask loads of questions.
Too quick to jump, I hope you learnt your lesson.
As mentioned earlier that is still no guarantee cosmoray.I do investments like this for allmost a year now here.I have invested over 10bille so far.I have invested in funds that where tagged scams by the regulars yet later on appeared to be verry valid and have verry good returns.Today was my first scam turned against me .. now let's look at this years ipo offers and look at the scames there have been.I bet you'll see a lot of high MD names who had a loss there and still had asked all the right questions.
It is a gamble one takes... you can ask all you want it is still a gamble and the threads below me prove that even with asking a zillion questions you still have a high chance of scam.
So in that way.. i have not learned my lesson because any future investment i do will still be like i did it before.Like with pvp risk what you can afford.1 Bille is a few days work ..
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CCP Saint
C C P

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Posted - 2008.10.04 19:45:00 -
[30]
*Locked* Please do not argue on the forums. Please settle your differences in a civil manner in game, with whatever pew pew you may have available to you. 
Saint Community Representative CCP Games, EVE Online Email / Netfang Do Not Click Here
"Contrary to what most people say, the most dangerous animal in the world is not the lion or the tiger or even the elephant. It's a shark riding on an elephant's back, just trampling and eating everything they see."
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