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Jackie Fisher
Galactic Defence Consortium
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Posted - 2008.10.14 09:21:00 -
[31]
Congrats to all those involved in considerable success off E-Bank and to those receiving promotions. By the looks of things youÆll soon have to rename from E-Bank to E-Acme.
Sad to see Hexx step down but understandable. Time will tell if this is a loss or not.
One thing that did catch my eye was that you are involved in market manipulations. I was sure that at the time of SharÆs resignation we were told that E-bank was not involved in such activities. Is this a change in policy or is my memory faulty?
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Confuzer
Volition Cult
The Volition Cult
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Posted - 2008.10.14 09:54:00 -
[32]
That 14 bil profit, that is after paying the very good salaries of your people I hope?
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Destiny is not a matter of chance. It is a matter of choice. It's not a thing to be waited for - it is a thing to be achieved. |
Mr Horizontal
Gallente
KIA Corp
KIA Alliance
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Posted - 2008.10.14 09:56:00 -
[33]
 Originally by: Jackie Fisher
One thing that did catch my eye was that you are involved in market manipulations. I was sure that at the time of SharÆs resignation we were told that E-bank was not involved in such activities. Is this a change in policy or is my memory faulty?
Erm, can I say it does this responsibly?
We do manipulate to protect the value of our BPOs and ensure a basic minimum ROI. However, we don't do this to excess, and basically we've manipulated the price of some T2 items to their invention cost basis through being able to control the market in that item through volume. Is that OK?
Chairman | www.eve-bank.net |
Mr Horizontal
Gallente
KIA Corp
KIA Alliance
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Posted - 2008.10.14 09:57:00 -
[34]
Originally by: Confuzer
That 14 bil profit, that is after paying the very good salaries of your people I hope?
64b profit, and yes after paying 20.2b in salaries.
Chairman | www.eve-bank.net |
Jackie Fisher
Galactic Defence Consortium
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Posted - 2008.10.14 10:10:00 -
[35]
Originally by: Mr Horizontal
Erm, can I say it does this responsibly?
We do manipulate to protect the value of our BPOs and ensure a basic minimum ROI. However, we don't do this to excess, and basically we've manipulated the price of some T2 items to their invention cost basis through being able to control the market in that item through volume.
OK, so that's why you do it but out of interest was I right in that this is a recent activity or is my memory wrong?
Originally by: Mr Horizontal
Is that OK?
No! Stop it immediately. 
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Ricdic
Caldari
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Posted - 2008.10.14 11:44:00 -
[36]
As the document advised a lot of the trade (manipulation that Horizontal referred too) was done with items in the production corp and as such was valued through the production corp rather than that separate trade section. As to the length of time said trade/manipulation has been occuring it is somewhat irrelevant due to the split listed above. |
Banni Vinda
Minmatar
Kinda'Shujaa
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Posted - 2008.10.14 12:09:00 -
[37]
There you go folks. It's been an interesting year watching EBANK grow from the inside. We've had some downs, but mostly we've had ups. Thanks to all our customers, staff, critics and competitors, without you all it simply wouldn't be worth doing.
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Kazzac Elentria
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Posted - 2008.10.14 12:11:00 -
[38]
Originally by: Mr Horizontal
Originally by: Kazzac Elentria
With your Promotion Mr H, will development time for features be crunched I am assuming?
No! They have been delayed a bit, but I'm still on it. In fact in doing this report, it's highlighted some extra requirements from EBANK, because there are parts of EBANK that really need ledgers maintained automatically that have to be done manually. The more stuff that gets tracked automatically, the better EBANK is, so I've got quite a big plate even after the Exchange and Merchant Services now...
Good to hear, just don't burn yourself out. I'm pretty sure the lot of us customers would accept bank funding towards a third party developer if the need arose because of time constraints on existing staff. |
Confuzer
Volition Cult
The Volition Cult
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Posted - 2008.10.14 12:19:00 -
[39]
Quote:
64b profit, and yes after paying 20.2b in salaries
Well, I hope the next year will earn you alot more then if you look at the effort/risk/isk ratio :)
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Destiny is not a matter of chance. It is a matter of choice. It's not a thing to be waited for - it is a thing to be achieved. |
Jane Retail
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Posted - 2008.10.14 13:07:00 -
[40]
Congratulations !
But you guys definately have to much free time and no life 
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Ricdic
Caldari
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Posted - 2008.10.14 13:18:00 -
[41]
Split the workload enough and it reduces the pressure on individuals considerably. For example since SentryRaven and Athre have started as Tellers I have only been processing maybe 20 withdrawals a week compared to before when I would literally have 40-50 per day whilst still being required to do my other duties.
Now I find I can spend more time doing other duties such as loan related tasks, updating processes and details internally, spending time with family and playing COD4 (I love COD4) |
Mr Horizontal
Gallente
KIA Corp
KIA Alliance
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Posted - 2008.10.14 13:28:00 -
[42]
Originally by: Ricdic
and playing COD4 (I love COD4)
GET BACK TO WORK NOW! lol 
No seriously, that's the big bonus behind having a board, and multiple people working. If I go on holiday, LV fills in. If Ric goes on holiday, PP fills in (Shar before that). If Athre goes on holiday both Ric and Sentry fill in. And while we all do our bit, I still have plenty of time to maintain 2 pretty massive POS chains, pvp with KIA, develop EBANK, ensure my gf isn't worrying about something inane, do a lot of work RL and also post here. It's all cool.
Chairman | www.eve-bank.net |
Cagir
Viscosity
Ocularis Inferno
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Posted - 2008.10.14 16:46:00 -
[43]
Originally by: Ricdic
Now I find I can spend more time doing other duties such as loan related tasks, updating processes and details internally, spending time with family and playing COD4 (I love COD4)
COD4 does rock shame my 360 decided to break!! Oh well more time for eve i guess.
Nice report btw am currently half way through reading it due to distractions.
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TornSoul
BIG
Libertas Fidelitas
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Posted - 2008.10.14 17:55:00 -
[44]
Edited by: TornSoul on 14/10/2008 17:55:43
Originally by: cosmoray
1. Page 26, it says you have a relationship with BMBE in place now, correct?
It would be nice to let TS let his shareholders know!
BMBE has monthly reports, it will be in there in due time.
Originally by: LaVista Vista
Correct. But it was only put into place some odd 3 days ago actually. But a part of our agreement WAS that the public should be notified about the specific terms. I will make sure this is done asap.
Err no.
That requirement wasn't part of the last edit.
Not that it matters (nothing to "hide") - Just would like to set the record straight on that point.
BIG Lottery |
LaVista Vista
Conservative Shenanigans Party
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Posted - 2008.10.14 18:25:00 -
[45]
Originally by: TornSoul
Originally by: LaVista Vista
Correct. But it was only put into place some odd 3 days ago actually. But a part of our agreement WAS that the public should be notified about the specific terms. I will make sure this is done asap.
Err no.
That requirement wasn't part of the last edit.
Not that it matters (nothing to "hide") - Just would like to set the record straight on that point.
Well, seems like there's a slight misunderstanding between us here then, however it was something which was discussed, but obviously forgotten to being put into the final edit.
I am pretty sure though that we both agree that it should be disclosed, as least that is our intention and has always been.
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Exec Order
Caldari
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Posted - 2008.10.15 02:17:00 -
[46]
Congratulations! EBank has built an impressive business, and has set a high standard for EVE banking. My hat is off to those involved in the preperation of this report.
Exec Order
Dynasty Bank Director
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Kalaakiar Vectonen
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Posted - 2008.10.20 09:39:00 -
[47]
Very nice! I like your little endeavor...
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Elisa Day
Shade.
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Posted - 2008.10.20 13:25:00 -
[48]
Originally by: Shadarle
Edited by: Shadarle on 13/10/2008 19:02:44
And people wondered why I was so harsh on ISSO.
An entire corp could hardly manage to make 5% on 300 bil or so. Here you have 10 people or so making more than that on 1 trillion and have found people who only want 1.5-3% in return!
To be fair, I don't believe there were ever more than 5-6 people actually involved in ISSO.
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