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Thread Statistics | Show CCP posts - 1 post(s) |
Galligher
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Posted - 2008.11.12 05:04:00 -
[1]
Edited by: Galligher on 12/11/2008 05:05:11 Premise: Citadel Heavy Industries will purchase a full Capital Component and Carrier BPO set. Our first month will be dedicated to the research of components, to maximize profits split over a 12 month time frame. Once the set is researched, production will begin. Maximum effort will be spent to secure advanced orders of ships prior to production. Initial probes in the market have already returned interest and want of advanced orders. In the absence of a ship order, a BPC set will be made and sold on the contract market. Our corporation also reserves the right to build and purchase ships at a value equal to a 5% dividend to share holders to secure the monthly dividend.
Duration: This IPO is scheduled to run for 12 months. IPO full rating period will start on Dec 1. All investments will be prorated from date of receipt and prorated amount will be issued with the first dividend. At the end of the 12 month period, all shares will be bought back by the corporation at 112% of issued value and an offer to expand publicly will be evaluated at that time.
Shares Information: Total Shares: 200 Share Cost: 100 million 25% of shares are reserved and purchased by the corporation. Total Isk Requested: 15 billion
Corp History: We have been involved in moon mining and reactions for quite some time. After securing profits and expanding our POS operations, we moved on to T2 invention and construction. Once imbedded in this market making a profit, we have begun to look towards the horizon to bigger things. This has lead us into Cap Ship Production. We are looking to open the IPO to compliment our corp isk, and be able to expand into Cap Ship Production without disrupting our current operations. We have determined that 5bil can be set aside to invest in this on our behalf, securing the first 25% of the shares.
Estimated return: Minimum Secured: 5% monthly Maximum: n/a
There is a minimum return set at 5% to all share holders. There is no maximum threshold set. Personal profits (to the corporation) will be issued in the form of shares reserved for the corporation.
Pay Out: Dividends will be issued out the 1st of every month. Shares will increase in value 1% every month.
Buy Out: Buy Outs will be available monthly at the beginning of every cycle. Shares will be bought out at 2% higher than current share worth.
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Galligher
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Posted - 2008.11.12 05:04:00 -
[2]
Edited by: Galligher on 12/11/2008 05:05:32 Risk Assessment: Low Risks Include:
-Gank in BPO Transport from purchase station to home station. Mitigations include advanced scouting, and a covert ops cloak fitted ship.
-Drop in Capital Ship value. Due to the past market history, stability in this has not been an issue and trends are projected to continue on the same route. BPO's can be on standby for liquidation if profit margin becomes unacceptable to share holders, and a significant drop in profit margins will result in a corporation vote for the shareholders to sell or not to sell BPO's.
-War Declaration. No assets other than control towers will be held in space. All assets will be held in NPC stations and isolated from harm. Utmost security will be issued when transporting minerals, utilizing advanced scouts and other security methods.
-Corp Theft. BPO's will be locked down preventing anyone from being able to steal corp assets.
-Hit by bus. Other than not going outside, mitigations will include looking both ways before crossing the street, and only crossing at designated cross walks.
Audit: We are more than willing to provide a full API audit to a trusted member of the Eve trading community.
Corporation Assets: +Multiple Control Towers +Obelisk Freighter
Exit Strategy: Liquidate BPO's and remaining build assets (minerals, pos's, etc). Further corp assets may be liquidated in order to maintain the integrity of the IPO. Upon liquidation, all shares will be purchased at current share value plus 2.5%. In the event of a total collapse, a vote will be opened to unlock BPO's and all assets will be liquidated and any remaining profits will be shared among investors.
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Galligher
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Posted - 2008.11.12 05:05:00 -
[3]
reserved
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Chu Ran
Caldari Perkone
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Posted - 2008.11.12 06:46:00 -
[4]
A few questions:
1) If share prices increases 1% every month as you stated, the share worth will be greater than 112% of issue value at the end of the 12 months (due to compound growth).
2) If Buyouts is available at the beginning of every month and will be 2% higher than share worth, an investor would get more isk by selling it at the beginning of the 12th month (11%+2%) rather than wait until the end of the IPO (12%). Also, the compound growth problem applies here as well.
3) Is that 5% monthly dividend based on the each month's most current share price?
4) What is your price/cost/profit projections on how you plan on achieving your growth rate/dividend payout.
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Xabier
THE SORORITY CODE RED ALLIANCE
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Posted - 2008.11.12 07:16:00 -
[5]
Edited by: Xabier on 12/11/2008 07:21:18 I'ld be prepared to do the audit.
War Decs btw will also cause you problems moving the freighter, you also didnt list the risks associated with jumping the freighter into low sec for ship construction, building 8 carriers a much (assuming you build 2 from each bpo) would require 8 trips back and forth into low sec with minerals, or 16 if your building parts from a component assembly array which is unclear. Xabiers Capital Bond #1
Xabiers Capital Bond #2
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Galligher
Citadel Heavy Industries
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Posted - 2008.11.12 07:43:00 -
[6]
Edited by: Galligher on 12/11/2008 07:47:20
Originally by: Chu Ran A few questions:
1) If share prices increases 1% every month as you stated, the share worth will be greater than 112% of issue value at the end of the 12 months (due to compound growth).
This interest will be not compounding to keep things simple.
Originally by: Chu Ran 2) If Buyouts is available at the beginning of every month and will be 2% higher than share worth, an investor would get more isk by selling it at the beginning of the 12th month (11%+2%) rather than wait until the end of the IPO (12%). Also, the compound growth problem applies here as well.
In this case you would not get the 5% minimum return for the 12th month.
Originally by: Chu Ran 3) Is that 5% monthly dividend based on the each month's most current share price?
The 5% monthly dividend is based on initial investment.
Originally by: Chu Ran 4) What is your price/cost/profit projections on how you plan on achieving your growth rate/dividend payout.
We expect to produce approximately 8 carriers/month and will look for a profit margin of around 120mil/carrier (~18%) and are satisfied this will cover all projected growth and cover all dividend payout as stated above.
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Xabier
THE SORORITY CODE RED ALLIANCE
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Posted - 2008.11.12 07:48:00 -
[7]
Edited by: Xabier on 12/11/2008 07:50:33
Why did you initially post 13 a month then edit it to 8?
Kinda gave me a bad feeling.
Xabiers Capital Bond #1
Xabiers Capital Bond #2
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Galligher
Citadel Heavy Industries
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Posted - 2008.11.12 07:50:00 -
[8]
Originally by: Xabier Edited by: Xabier on 12/11/2008 07:21:18 I'ld be prepared to do the audit.
Will get into contact with you concerning this.
Originally by: Xabier War Decs btw will also cause you problems moving the freighter, you also didnt list the risks associated with jumping the freighter into low sec for ship construction, building 8 carriers a much (assuming you build 2 from each bpo) would require 8 trips back and forth into low sec with minerals, or 16 if your building parts from a component assembly array which is unclear.
War Decs will indeed cause a problem moving the freighter but upon such a war dec, only the utmost security(scouting/escort) will be used to move the freighter. Components will be built inside a station and the ships will be manufactured in a X-Large Ship Assembly Array. I apologize for not making this clear in the original post.
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Xabier
THE SORORITY CODE RED ALLIANCE
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Posted - 2008.11.12 07:54:00 -
[9]
Edited by: Xabier on 12/11/2008 07:54:29 So your also going to have a low sec pos that is potentially at risk with between 1b to 4bn in total assets in it (at cost).
Given that pos busting corps have a pretty good idea what is being built in those arrays, not to mention a search on the forums will throw this thread up then how will you deal with POS ransoms?
Perhaps it might be an idea to construct from a npc station?
Xabiers Capital Bond #1
Xabiers Capital Bond #2
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Galligher
Citadel Heavy Industries
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Posted - 2008.11.12 07:55:00 -
[10]
Originally by: Xabier Edited by: Xabier on 12/11/2008 07:50:33
Why did you initially post 13 a month then edit it to 8?
Kinda gave me a bad feeling.
13 could be built a month and I believe it could be done. But since 8 is enough to satisfy profit margins, and 13 would mean maximum efficiency which would be difficult to maintain, I thought 8 would be a more realistic number. Also, this is they number you used in your post above.
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Kazzac Elentria
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Posted - 2008.11.12 13:14:00 -
[11]
Unless your inside an alliance with alliance protection, building anything capital from a POS is just asking for a war dec.
I build capitals on contract as well. I am not in an alliance. Ergo I build at an NPC station and negotiate gate fees for mineral moving. |
Xabier
THE SORORITY CODE RED ALLIANCE
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Posted - 2008.11.12 14:32:00 -
[12]
Edited by: Xabier on 12/11/2008 14:32:22
Originally by: Kazzac Elentria Unless your inside an alliance with alliance protection, building anything capital from a POS is just asking for a war dec.
I build capitals on contract as well. I am not in an alliance. Ergo I build at an NPC station and negotiate gate fees for mineral moving.
Same here.
Xabiers Capital Bond #1
Xabiers Capital Bond #2
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Galligher
Citadel Heavy Industries
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Posted - 2008.11.12 15:42:00 -
[13]
Originally by: Xabier Edited by: Xabier on 12/11/2008 14:32:22
Originally by: Kazzac Elentria Unless your inside an alliance with alliance protection, building anything capital from a POS is just asking for a war dec.
I build capitals on contract as well. I am not in an alliance. Ergo I build at an NPC station and negotiate gate fees for mineral moving.
Same here.
Building in a station is something which I didn't really consider but have no problem doing. Projected growth can still be met and profit margins maintained. This would also require less startup capital and that means more ISK invested in minerals straight off. There are always many available build slots in the stations I work out of so this would not be a problem either.
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cosmoray
Cosmoray Construction
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Posted - 2008.11.12 16:01:00 -
[14]
I have one issue with your business plan, and I quote:
RISK ASSESSMENT = LOW
Were you the risk assessor at Chenobyl in the 80's?
I am sorry but a low sec operation have to be: HIGH RISK.
You are fairly unknown and have asked for a HUGE amount of ISK. Nearly all low sec business's that have been launched have failed.
You have now flagged yourself to major grief corps. Kirjiva(?) had this problem running POS's and investors lost most cash.
Why would you be any different. 5% for a low sec operation is pitifully low for the risk factor, unfortunately the profits on cap production aren't that great so you can't go much higher.
Too risky.
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Kazzac Elentria
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Posted - 2008.11.12 16:06:00 -
[15]
Originally by: cosmoray
Why would you be any different. 5% for a low sec operation is pitifully low for the risk factor, unfortunately the profits on cap production aren't that great so you can't go much higher.
Too risky.
And I have to agree with Cosmo here. Given the market you want to get into, achieving higher than 5% should be a cake walk.
Take a look at Xabier's bond for instance. (the current gold standard for a capital expansion IMHO)
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Galligher
Citadel Heavy Industries
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Posted - 2008.11.12 17:12:00 -
[16]
Originally by: Kazzac Elentria
And I have to agree with Cosmo here. Given the market you want to get into, achieving higher than 5% should be a cake walk.
Take a look at Xabier's bond for instance. (the current gold standard for a capital expansion IMHO)
I expect 5% to be a cakewalk, which is why I have it set as the minimum secured dividend. This is set as the minimum for exactly that reason, it is the minimum. If profits margins are larger than the dividend will be larger than 5%. Also, you share value will increase by 1% non-compounding per month. This means at the end of the 12 months when shares are bought back at 112%, you will see a 72% return on your investment which means a minimum of 6% per month.
As stated above, these margins can be maintained working below maximum efficiency. I chose a 5% minimum secured so that incase there is a below average month or a increase in the cost of minerals or other unforeseen events increasing costs, profit margins outlined above can still be maintained.
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Brock Nelson
Caldari Flux Technologies Inc
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Posted - 2008.11.12 20:23:00 -
[17]
72%? Wow, that's unheard of! Sign me up :)
No, not really. I never heard of 72% return on investment, then again, I never read any investment report other than what I invest in.
I'll be the first to bite and reserve 5 shares and possibly more pending audit result.
10% for Returning Customers |
Gin Moon
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Posted - 2008.11.13 06:48:00 -
[18]
It's not much, but I'd like to reserve 1 share, wish I had more :(
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Madam Squishy
Southern Cross Empire
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Posted - 2008.11.13 22:17:00 -
[19]
1b Sent. 10 shares. Good guy, Good people are the best investments. YYRU YYUB ICUR YY4ME |
Braendig
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Posted - 2008.11.15 01:39:00 -
[20]
Folks, I can say from personal experience that Galligher is an upstanding guy. He worked for my corporation for a period of time and during that period was honest, forthcoming about his private ventures, and deffinately did not hesitate to call me out on my own mistakes (which I have made a few) I know you dont know me from Adam, but I thought it couldnt hurt to give a bit of my personal support. I think he has done his homework on this one, and I have already agreed to provide some investment myself.
As always, there is no guarantee of success, however, the chances are greatly increased when you have an individual that is dedicated, honorable, and honest.
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Bloody Rabbit
Jita Miners
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Posted - 2008.11.15 05:28:00 -
[21]
Originally by: Braendig Folks, I can say from personal experience that Galligher is an upstanding guy. He worked for my corporation for a period of time and during that period was honest, forthcoming about his private ventures, and deffinately did not hesitate to call me out on my own mistakes (which I have made a few) I know you dont know me from Adam, but I thought it couldnt hurt to give a bit of my personal support. I think he has done his homework on this one, and I have already agreed to provide some investment myself.
As always, there is no guarantee of success, however, the chances are greatly increased when you have an individual that is dedicated, honorable, and honest.
He could be a great guy,
but the way he talks about low sec POS makes me and others question what he thinks he is going to do when the first group of dreads come and wipe him out.
PS show your corp tag when talking about your corp. |
Cheopis
One Stop Mining Shop
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Posted - 2008.11.15 05:29:00 -
[22]
Originally by: Galligher
Originally by: Xabier Edited by: Xabier on 12/11/2008 14:32:22
Originally by: Kazzac Elentria Unless your inside an alliance with alliance protection, building anything capital from a POS is just asking for a war dec.
I build capitals on contract as well. I am not in an alliance. Ergo I build at an NPC station and negotiate gate fees for mineral moving.
Same here.
Building in a station is something which I didn't really consider but have no problem doing. Projected growth can still be met and profit margins maintained. This would also require less startup capital and that means more ISK invested in minerals straight off. There are always many available build slots in the stations I work out of so this would not be a problem either.
Well, if you are looking for unused manufacturing facilities near a hub, I would like to draw your attention to Dakba. .7 sec and 5 highsec jumps from Amarr. It's at the end of a two system stub, one way in, one way out. Maximum popluation ever seen in the system by me: 4 There are 100 manufacturing slots in the system, I've never seen anyone but me use them in the two weeks I worked out of there.
I'm moving out, as I got a good job offer elsewhere
Figure someone might make use of that wasted space, since I'm not. I do not know if there is lowsec close enough to jump to with a JF or Black Ops |
Galligher
Citadel Heavy Industries
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Posted - 2008.11.15 14:43:00 -
[23]
Originally by: Bloody Rabbit He could be a great guy,
but the way he talks about low sec POS makes me and others question what he thinks he is going to do when the first group of dreads come and wipe him out.
PS show your corp tag when talking about your corp.
If you will read the updated business plan carefully, you will see we have modified it a bit to show I now plan to build completely out of a NPC station, so there will never be any risk of my POSs being ransomed or destroyed. This results in an overall much safer business plan and I hope this will ease some investors concerns about the potential risks of my IPO.
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Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2008.11.16 21:30:00 -
[24]
I've look over Galligher's API records. His corp is running reactions in low sec across two towers. He has also done a moderate amount of invention over the last few months, not focusing on any one product to any great extent. There is currently approximately 5bn isk in the corp wallet, and one of his alts in the corp possesses a freighter. This is all consistent with the original post.
I don't feel I have enough information to make a judgement on the trustworthiness of this person, but he seems experienced, competent and enthusiastic enough to make this enterprise work. As I currently have many other investments that do not involve the same level of risk (i.e. through exposure to low sec space), I will not be investing, but doubtless other people will be interested.
--- Can't afford that BPO? Look here. 20:1 mineral compression The EVE f@h team |
Galligher
Citadel Heavy Industries
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Posted - 2008.11.18 01:14:00 -
[25]
Still looking for investors.
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Galligher
Citadel Heavy Industries
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Posted - 2008.11.20 03:45:00 -
[26]
Still looking for investors
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Amon Rhar
InterGalatica Corp
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Posted - 2008.11.20 06:08:00 -
[27]
100m send to 1 share |
Zak Zakk
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Posted - 2008.11.22 11:05:00 -
[28]
Edited by: Zak Zakk on 22/11/2008 11:05:23 I'll reserve 3 shares. Give me a yell when u need me to send the Isk over.
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Cheopis
One Stop Mining Shop
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Posted - 2008.11.22 13:29:00 -
[29]
Edited by: Cheopis on 22/11/2008 13:30:34 I don't understand, Galligher, I thought you could build a Dominix from an old boot, three tin cans, two chewed pieces of gum and a "D" cell battery.
Heck, with a little of that Minmatar Heritage scrap metal, WD-40, and duct tape, you should be able to make Nyxes
You should be able to manufacture with such a huge profit rating that startup capital should be easy to come by.
Sorry couldn't resist the name association!
**EDIT**
Sigh, that was McGuyver, Ghallagher was the guy that smashed watermelons with sledge hammers in front of his audience, right?
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Piccie
Gallente Yorkshire Trading and Holding Company
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Posted - 2008.11.22 17:22:00 -
[30]
i'll take 3 shares (300 mill)
message me ig when you want cash sending.
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