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Sam Drumstone
Gallente Dark Nest Hive Collective
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Posted - 2008.11.02 11:49:00 -
[1]
Hello ladies and gentlemen ...future subcomponents... of Eve ...our future empire...,
As the representative ...Hive King and Prime Matrix Voice... of our corporation, Dark Nest Hive Collective û hereafter DNHC, it falls on us to inform you that our corporation has decided to offer an IPO. We have unanimously ...as if there was any other way for our mind to work... agreed to dilute our current share value by increasing our shares from 1000 to 3500. Following standard procedure and using guidelines set out by CONCORD ...matrix evolution detected aka ConCord Police, matrix reduction to CCP... --hereafter CCP and the helpful Aura AI ...assimilation of AI would be desirable but not yet practical... we have recorded this decision as a vote to ôCreate Sharesö. This vote was registered at 2008.11.01 15:38 and should be finalized by CCP's stock system for redistribution at 2008.11.02 15:38. The initial restructuring of DNHC prior to the IPO will be as follows:
54% CEO Sam Drumstone (1890 shares) 41% CFO Ralph Draken (1435 shares) 5% DNHC common holdings (175 shares)
We will be making available to you a small portion of stock ...in order to hook you on long term ISK [THE DRUG OF EVE], matrix reduction to DRUG, dividends in preparation of future goals... from the common holdings. We are doing this in order to bring some visibility, reputation, and good will ...and of course preparation for future brain washing... towards our small company and its employees ...our collective clone avatar bodies... We are NOT doing this as advertisement for membership ...due to current errors in production of the necessary mind link devices needed to initiate outsider clone avatars within our mind matrix... NOR are we doing this to raise ISK as investor capital ...said DRUG raised in auction may prove useful but current DRUG reserves for trade, expansion and dividends are adequate for all current short term goals...
We have been unable to find a standardized stock system for making this initial offer, so we have decided to post the details in this secondary communication channel. But first a little information about our small company ...yes small we are, not a current threat to you, we are not yet prepared to assimilate you and grow our size, please accept our goodwill gesture and get addicted to DRUG from dividends... We are currently headquartered at Luse VII û moon 4 û Garoun Investment Bank in the Verge Vendor Region. We also have an office located at Pashanai IV û moon 18 û Transtellar Shipping Storage. Approximately 80-85% of our business is in mining common high quantity and low quality asteroids such as Veldspar, Plagioclase, and Scordite. The remainder of our income is through missons ...reminder to overmind send a clone to chat up Rougmyes Drye for list of available missons..., manufacturing ...reminder to overmind look into additional BPO for items beyond ammunition..., and trade of small items. ...reminder to unit 01A7 to perform inventory count on Dairy Products and Frozen Seeds... In other words basic grunt work that drives the Eve economy. I plan on having Ralph Draken our CFO ...clone avatar unit 01A7... post details on the companies assets and finical structure.
Hive King, One mind to rule them all |

Sam Drumstone
Gallente Dark Nest Hive Collective
|
Posted - 2008.11.02 11:50:00 -
[2]
UHM ... ... There appears to have been a communication error with that last post , could you please disregard the above post and only pay attention to the intended message as follows:
Hello ladies and gentlemen of Eve,
As the representative of our corporation, Dark Nest Hive Collective û hereafter DNHC, it falls on us to inform you that our corporation has decided to offer an IPO. We have unanimously agreed to dilute our current share value by increasing our shares from 1000 to 3500. Following standard procedure and using guidelines set out by CONCORD --hereafter CCP and the helpful Aura AI we have recorded this decision as a vote to ôCreate Sharesö. This vote was registered at 2008.11.01 15:38 and should be finalized by CCP's stock system for redistribution at 2008.11.02 15:38. The initial restructuring of DNHC prior to the IPO will be as follows:
54% CEO Sam Drumstone (1890 shares) 41% CFO Ralph Draken (1435 shares) 5% DNHC common holdings (175 shares)
We will be making available to you a small portion of stock from the common holdings. We are doing this in order to bring some visibility, reputation, and good will towards our small company and its employees We are NOT doing this as advertisement for membership NOR are we doing this to raise ISK as investor capital.
We have been unable to find a standardized stock system for making this initial offer, so we have decided to post the details in this secondary communication channel. But first a little information about our small company. We are currently headquartered at Luse VII û moon 4 û Garoun Investment Bank in the Verge Vendor Region. We also have an office located at Pashanai IV û moon 18 û Transtellar Shipping Storage. Approximately 80-85% of our business is in mining common high quantity and low quality asteroids such as Veldspar, Plagioclase, and Scordite. The remainder of our income is through missons , manufacturing, and trade of small items. In other words basic grunt work that drives the Eve economy. I plan on having Ralph Draken our CFO post details on the companies assets and financial structure.
ROI: Periodic dividends, but profits can depends on the vagaries of the market, It also depends on how much time we the employees can devote to making money in Eve {OOC RL: I do have a real life, and I only consider myself a casual gamer. Outside of work and social commitments, I probably spend 20-45% of my free time entertaining myself through EVE}. Remember that A. all investments are risky and B. the title to this topic is ôLongterm Dividend Investmentö, we plan on this corp being in EVE for a longtime. Also it would be difficult to estimate a percentage of return due the structure of this IPO, seeing as we have not set anything but a very small reserve price for an auction style IPO.
Also remember, this little stunt is being used to build some reputation and visibility for our corporation and our members. At this time are not interested in seriously courting for investment capital. At some point in the future that may change if we think we have a unique idea we think we can capitalize on if we had funding, but currently the corp is mostly for fun and being used to pool the resources of its employees. We believe part of the fun in life is building something from nothing, and eventually being able to look back and laugh at the trials and tribulations it took to get there. So the IPO is to get our feet wet in a new area, just like forming DNHC a few months ago, and as we said this stunt of sharing our profits is to get some visibility and Hopefully someday our stock will be seen as a high value but rare commodity that people fight over to get in their portfolio.
Hive King, One mind to rule them all |

Sam Drumstone
Gallente Dark Nest Hive Collective
|
Posted - 2008.11.02 11:53:00 -
[3]
Phase 1 of this IPO will be structured as follows for the auctioning of 5 shares 1.Minimum Bid: 1000 ISK 2.Maximum Shares Per Person: 1 3.The 6th highest bidder at the end of the auction will set the winning bid price, which will let the 5 highest bidders buy it at that price, if bidders back out at the end of the auction, the remaining stock will be offered at that price to the remaining bidders in descending order. 4.Auction detail disclosure (first ten bidders will vote on one of the following methods with their initial bid, which will determine ongoing posts of the auction status) A. Current processed/handled highest bid. B. Current processed/handled winning bid. C. Current processed/handled bid history. D. Silent, no details until end of auction. After I have processed the first 10 bids, I will post the selected disclosure rules and disclose the state of the auction as applicable. All bidders will be assigned an unique id that they can check against the disclosure. 5.Ties in bid amount will be first assigned by time mail was received, followed by a random selection of those from the same time to determine order of bids. 6.Bonus Stock: If the highest bidder's bid was 15% above the winning bid, they will receive 1 bonus unit of stock.
Additional phases of the IPO are planned (probably quarterly)which will be run like phase 1 with the following caveats: 1.Current shareholders will be offered a chance to buy 1 unit of stock at the avg between the last auctions winning bid and the highest bid before the general auction. 2.Current shareholders will not be allowed to participate in the bidding of the general auction. 3.The general auction's new minimum bid will be the previous auctions winning bid.
We plan on this continuing until DNHC common holding would fall below 90 available shares. At which time if we continue would require an APO (additional public offering) with a vote to increase shares in the company.
NOTE This so far is only an announcement of plans we expect feedback and may slightly change the structure of the IPO and or auction details. Please do NOT send any premature bids or mail to me regarding this until it has been finalized, and the auction has been announced.
Hive King, One mind to rule them all |

Death4free
Caldari ADAMA Corps Intrepid Crossing
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Posted - 2008.11.02 12:56:00 -
[4]
its probably just me but i think my brain just died Eve information kiosk
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Barbicane
TGUN Industries
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Posted - 2008.11.02 13:19:00 -
[5]
Ok, so you're a mining corp, and you want to sell some shares although you don't really need the isk, and you have created an insanely complicated mechanism for determining a fair share price.
Is that correctly understood?
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Nissan Sentra
Directive Of Creations.
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Posted - 2008.11.02 13:42:00 -
[6]
ouch, just trying to read the first part made my head hurt  NS |

EBANK Ricdic
Eve-Tech Savings n Loans
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Posted - 2008.11.02 14:24:00 -
[7]
1 share > 1000 isk 
It's refreshing to see an investment thread that wasn't written up in 45 seconds. I don't really understand what I am bidding on but at 1000 isk we shouldn't be over-extending ourselves too much.
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Kitchie
Gallente Kitchie's Logistics and Marketing Corp
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Posted - 2008.11.02 16:44:00 -
[8]
I'll go for 1 share, 1st Bid 1,000 ISK
It's mine, all mine!
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Bloody Rabbit
Jita Miners
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Posted - 2008.11.02 17:00:00 -
[9]
So you could have shot a single BC rat to raise the amount of isk you are looking for?
175,000 isk is the goal is it not?
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Erin Lay
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Posted - 2008.11.02 17:11:00 -
[10]
i wanna bid 1000+
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Grendell
Technologies Unlimited
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Posted - 2008.11.02 18:15:00 -
[11]
5 shares @ 1,500 isk, just for the lol factor
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Mad Mackem
Gallente E X O D U S Imperial Republic Of the North
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Posted - 2008.11.02 19:20:00 -
[12]
OMG my eyes
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ofstrife
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Posted - 2008.11.02 19:44:00 -
[13]
Maybe it's just me, but there's no mention of dividends (say 2% per week or whatever). Not that it really matters since this seems to be all about fun and games.
My bid: 1001 ISK. (is there a minimum bid increment?)
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Sam Drumstone
Gallente Dark Nest Hive Collective
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Posted - 2008.11.02 21:09:00 -
[14]
Originally by: Barbicane Ok, so you're a mining corp, and you want to sell some shares although you don't really need the isk, and you have created an insanely complicated mechanism for determining a fair share price.
Is that correctly understood?
Yes, exactly but thats also why I have held off on starting the auction, is their a simpler way to determine fair share price for an initial offering? Hive King, One mind to rule them all |

Sam Drumstone
Gallente Dark Nest Hive Collective
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Posted - 2008.11.02 21:42:00 -
[15]
Originally by: Bloody Rabbit So you could have shot a single BC rat to raise the amount of isk you are looking for?
175,000 isk is the goal is it not?
As I have stated, the raising of ISK is not the primary goal, but rather to build up some reputation with a publicity stunt. Also I do not want reduce the corps common holdings below 2.5%, so the cut off for the IPO would be at ~87.5 shares remaining.
Of course since the initial plan is to offer this as a vickrey style multi lot auction, the ~87 shares we plan to release could unintentionally go above the 175,000 mark. Hive King, One mind to rule them all |

Sam Drumstone
Gallente Dark Nest Hive Collective
|
Posted - 2008.11.02 22:08:00 -
[16]
Originally by: ofstrife Maybe it's just me, but there's no mention of dividends (say 2% per week or whatever). Not that it really matters since this seems to be all about fun and games.
My bid: 1001 ISK. (is there a minimum bid increment?)
I did have a small section on ROI, which basically comes down to without knowing the final bid price it would be difficult to calculate a % return per investor, not to mention all the extra time I would have to spend to look back at actual performance. But you are right, this is about fun and games, a publicity stunt. And as the long term goal is to get a small amount of my stock aggresivly traded as a dividend income source, like campbell's stock, [Or how HERTZ holdings were before being lobotomized] I hope that it will have a large return on investment.
I still need to do a full inventory, and layout how I have handled the divedends in the past, but the basic premis in the past has been Me and Ralph(Main on second account, no alts on either account) use the corp accounts and corp hanger to pool all actual earnings and longterm savings for expansion. Then we usually buy our equipment to support the corp [ or to have fun when not focusing on mining or ISK production ] via declaring divedends to obtain personal money, which is used for the actual work. So long term with up to 2.5% of the stock out and approx 80% of our characters total income comming out of the dividends for the company, you could expect to see dividends that are approximatly 2% of our characters combined income being split among share holders.
And no there is no plan for a bid increment, that is the point of the sealed Vickrey style auction, although if people are wanting the auction to be unsealed, that is fine also. Hive King, One mind to rule them all |

Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.11.02 22:18:00 -
[17]
Originally by: Sam Drumstone is their a simpler way to determine fair share price for an initial offering?
Is there a more complex one? 
Packtu'sa [NCIC] Founder/CEO, Nabaal Construction and Industrials Corp |

Grendell
Technologies Unlimited
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Posted - 2008.11.02 23:04:00 -
[18]
Let me know how many shares there are total so I can just buy them all
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Ricdic
Caldari
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Posted - 2008.11.03 00:38:00 -
[19]
1 Share per person Mr Grendell  |

ofstrife
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Posted - 2008.11.03 02:22:00 -
[20]
I see, this is all starting to make sense. You seem to be running your IPO completely differently than any other IPO that I've ever seen on here. Then again, you're not doing it to make money, so it's going to be different.
Well, at least this IPO should be interesting.
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Amarr Citizen 155
Tleilex Developments
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Posted - 2008.11.03 03:28:00 -
[21]
Hmm, well since he is running his IPO differently then I'm going to bid differently
I bid 100 isk per share for all the shares. Should anyone attempt to outbid me, then I change my bid to 50 isk per share.
(I did not read the IPO document as i had a seizure after the first sentence.)
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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Ricdic
Caldari
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Posted - 2008.11.03 03:38:00 -
[22]
1000 isk is minimum bid per share AC. |

Xabier
THE SORORITY CODE RED ALLIANCE
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Posted - 2008.11.03 03:46:00 -
[23]
I bid 10,000
;)
Xabiers Capital Bond #1
Xabiers Capital Bond #2
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Amarr Citizen 155
Tleilex Developments
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Posted - 2008.11.03 04:01:00 -
[24]
Originally by: Ricdic 1000 isk is minimum bid per share AC.
Then I bid 30 isk.
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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Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.11.03 04:29:00 -
[25]
I bid my entire life savings. Since your objective in this investment opportunity raising capital is not to, err... raise investment capital, I am confident that I am safe in making this bid.
Packtu'sa [NCIC] Founder/CEO, Nabaal Construction and Industrials Corp |

Ralph Drakin
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Posted - 2008.11.03 04:36:00 -
[26]
Sam asked me to post some information on the financial assets and how we plan on managing the corporate accounts:
Master 100,000 Mining 7,924,777 Manufacturing 100,000 Trade 100,000 Missons 100,000 Misc 100,000 Investing 1,859,144
Last (and first) Dividend was on 2008.10.18 for 5,266,899 against 1000 shares, which at the time caused the common holdings held by the corp to earn 1,759,144.27 ISK. Before the initial dividend all accounts were set to 100,000. With the remaining money put in the master wallet for dividends. Thus the 5,266,899 was the total earnings and initial investment minus the 700,000 for August through the first half of October. There was a 6-8 week sabbatical in there, due to the fact we are casual gamers.
The plan of operation is as follows: Notes profits for a division will be the current value when the books are handled minus the previous value and minus an additional 25000 ISK as straight investment. If any division is under performing before dividends they will be brought up to the new min value(ie, 125,000 for the next round, thus currently the mining account is currently showing a profit of 7,799,777)
Mining: Gathering: 20% total gathered goes straight to the employees that gathered for personal sells. 15% goes to mining hanger for stock piling 15% goes to manufacturing hanger for later use 50% goes into sells, usually at slight loss through refining vs direct ore sales to haul more at once. Profits 65% of mining profits will go into master wallet as corp profit for dividends 35% remain within wallet for future expansion of mining related operations.
Manufacturing: I do the research and manufacturing, so far this has only been on some basic ammo we can use for missons, furthermore so far it has been running at a slight loss due to the fact we can currently get more for the ore/minerals compared to other manufactures under selling my costs. The profits(if any) will be at 75% reinvestment for research and BPO. The remaining 25% profit will go to the master for dividends
Trade: Sam has graciously agreed to donated the profit on all his trade items he has collected via buy orders for NPC goods to jump start the Trade account. He will be receiving 30,000 for his broker fees, and 455,000 thousand for the cost of the items. If I have my spreadsheet setup correctly, and am using the Eve Market Scanner correctly, this should be over 15,000,000 in profits, assuming we can get some of these items liquidated at the current prices, before the market falls. This stage should be done before the next dividend is released. The profits for the trade division will be 50% to master wallet for dividends and 50% for future buy orders. Just as a note it looks like robotics did really well, followed by planetary vehicles, holoreels and dairy. Due to the long term buy orders (90 days), time spent hauling the materials, and vagaries of the market we only expect this division to show these type of profits about once a quarter.
Missons: This will be where we have agreed to pool our money and loot from running missons to provide for ammo, ship replacements, etc... At this time only a maximum of 5% of the profits from this division will be used as corp profit, the rest will remain in this account for future arming and misson requirements. We may agree to periodically pull personal funds out of this account without going through the dividend system we have setup.
Misc: We have not yet decided what to do with this yet, so it will show up as a net loss every month as we pad it to the new minimum account amount.
Investment: Money from dividends, stock sales, low interest intra-corp/member loans will end up here. At this time we plan a 3% profit feedback into dividends, with the remaining money being stockpiled. We may end up plowing some of this money into other corp IPOs or Ebank.
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Ralph Drakin
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Posted - 2008.11.03 04:37:00 -
[27]
Dividend procedure: We plan on doing this monthly when bills are due. 1.Take applicable profits from each division into the master wallet. 2.Pay bills. 3.Bailout any under-performing divisions to get them to the next tier(ie. Give 25000 to misc, and share division losses across total profit.) 4.Pay salaries: 150,000 to Sam and 95,000 to me per week since last dividend. 5.Declare total dividend profit and pay.
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Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.11.03 04:50:00 -
[28]
The sad thing is, most other IPO posts don't even come close to that kind of level of detail. Does that make anybody else cry?
Packtu'sa [NCIC] Founder/CEO, Nabaal Construction and Industrials Corp |

LaVista Vista
Conservative Shenanigans Party
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Posted - 2008.11.03 06:25:00 -
[29]
Originally by: Ralph Drakin
3.Bailout
Can you bail me out? 
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Frenden Dax
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Posted - 2008.11.03 06:52:00 -
[30]
This thread wins.
CCP can you please move MD back to its previous position? 
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