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[AATP] - Shareholder Report - November 2008

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Ray McCormack hirr	Posted - 2008.11.16 22:14:00 - [1] Dear Investors, I welcome you to the new era of AATP. This company has a fine footing to continue with, but the road may not be as rosy as first imagined. As you can see from our Balance Sheet for mid November 2008 we appear to be in a fine position. But truth be told we are sorely under invested. AATP has far too much ISK invested in associate corportations, for far too little return. Granted you could put this down to the recent technological breakthroughs in the Empire regions, what many are terming 'Invention'. I, however, disagree. In my eyes the merger with H-TI was badly drawn up, serving only the interest of the H-TI shareholders. Recent documents brought to my attention serve only to further my take on this. While I cannot fault the H-TI shareholders for their shrewd move, neither can I short-change my new-found shareholders by requesting an insubstantial buyout. It's thus that I request the following: H-TI return the BPOs belonging to AATP at the time of the merger (which I have ready documentation on). H-TI liquidate aforementioned BPOs and payout accordingly. H-TI offer to buyout AATP's stake in their company for a price in excess of 150b. H-TI continue the current arrangement, but open up their doors to an AATP audit and possible active role in daily management. As your new CEO I cannot ask for any less, your short shrift has gone for far too long. As a token of that recognition, I have authorised a special dividend of fifteen billion ISK, payable before this announcement. Vastly lacking in the true value of this corporation. But saying that I ask for your patience. It will take time to reaffirm AATP as a true forerunner, but I vow to be here for the course. My first step is to open up AATP's books to the public and offer anyone interested; be that current, past or future shareholder: a glimpse into our daily activities. I would have preferred to have that ready by tonight's announcement but sadly our communication infrastructure suffered a minor setback. AATP will be the first publicly owned, publicly audited corporation in EVE; offering full, real-time analysis of our books to the general public. Alas, you will have to stay tuned for that announcement. I expect it no less than the end of the month. For now you will have to peruse our current Balance Sheet, I will gladly answer any and all questions. I'm hoping you're more interested in asking about the future direction of the company though. Yours Sincerely, Ray McCormack CEO - AATP [WTS] Tech II Component BPO Sets
Cagir Viscosity Ocularis Inferno	Posted - 2008.11.16 22:25:00 - [2] I trust you 100% on this, I hope you can pull this off. Good luck!
Gagan Sandrider Gallente Salvage and Mining Consortium Alternative Realities	Posted - 2008.11.16 22:33:00 - [3] You have my full trust and support for the future of AATP
Mnementh2231	Posted - 2008.11.16 22:45:00 - [4] Just do your thing - you've done well so far. I trust ya!
cosmoray Cosmoray Construction	Posted - 2008.11.16 22:45:00 - [5] Really like the way you intend to go with this. I have one question re the balance sheet. Investment in Associates: does that mean shares that AATP owns, or investments in corporations?
Braendig	Posted - 2008.11.17 02:04:00 - [6] Great work! looking forward to seeing the future of this one.
CornerStoner	Posted - 2008.11.17 02:34:00 - [7] I'm glad to see that a possible MIA/fail has been saved. Do you plan to pick up where Dark Shikari left off? I am also curious about iCEO. What is it?
Ricdics Tleilex Developments	Posted - 2008.11.17 03:05:00 - [8] AATP was a bit of a mess when I got her. Looks like Ray is picking her up nicely. Good luck with it, especially the HTI stuff.
Trading Bunnz Equatorial Industires Dark Taboo	Posted - 2008.11.17 05:26:00 - [9] I must confess to a bit of curiosity about a balance sheet line item listing "unrealised goodwill" at 3b. Care to explain?
Ray McCormack hirr	Posted - 2008.11.17 05:27:00 - [10] Originally by: cosmoray Investment in Associates: does that mean shares that AATP owns, or investments in corporations? What's the difference? It's this though. Originally by: CornerStoner Do you plan to pick up where Dark Shikari left off? And then go further, yes. Originally by: CornerStoner I am also curious about iCEO. What is it? It's an iGoogle gadget made by Althea Nar'agh. I modified it slightly to work with GateCamper and auto-load details. Hopefully, we'll see.

Ray McCormack hirr	Posted - 2008.11.17 05:30:00 - [11] Originally by: Trading Bunnz I must confess to a bit of curiosity about a balance sheet line item listing "unrealised goodwill" at 3b. Care to explain? That's the contra to our Intangible Assets. Which is currently just the character EMFi Hauler1. Perhaps not the correct term, but close enough. It's offset there to avoid it showing as Income.
Omber Zombie Gallente Frontier Technologies	Posted - 2008.11.17 06:11:00 - [12] \o/ ---------------------- CSM 08 Blog
Caya Amarr Body Count Inc.	Posted - 2008.11.17 09:10:00 - [13] Ray for the president \o/.
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.11.17 09:48:00 - [14] Originally by: Caya Ray for the president \o/. ^^^ happiest amarrian around for miles around ^^^
Havok Pierce Gallente D00M. Triumvirate.	Posted - 2008.11.17 17:38:00 - [15] Originally by: Ray McCormack Dear Investors, I welcome you to the new era of AATP. This company has a fine footing to continue with, but the road may not be as rosy as first imagined. Glad (as a shareholder) to know that AATP is still making ISK.
Raskor Crossflow Enterprises	Posted - 2008.11.17 23:48:00 - [16] I'm confused. Is there something to vote on or was that just to make people aware of this discussion? And if so, are you saying there is no way to mass mail the stockholders outside of a fake vote?
Treelox Amarr Market Jihadist Revolutionary Party	Posted - 2008.11.17 23:53:00 - [17] Originally by: Raskor And if so, are you saying there is no way to mass mail the stockholders outside of a fake vote? I do not want to put any words into Ray's mouth and assume I know what he is saying. I will tell you though there is no way withing game mechanics that allows for a mass mailer to go out ALL stockholders. The closest you can get is to use the API to push out a list of all the shareholders, and then manually enter in each shareholder into the "To" line of an evemail. I also believe that there is an upper limit on how many addressies an evemail can have, so it would be extra tedious.
Amarr Citizen 155 Tleilex Developments	Posted - 2008.11.18 02:01:00 - [18] Originally by: Treelox Originally by: Raskor And if so, are you saying there is no way to mass mail the stockholders outside of a fake vote? I do not want to put any words into Ray's mouth and assume I know what he is saying. I will tell you though there is no way withing game mechanics that allows for a mass mailer to go out ALL stockholders. The closest you can get is to use the API to push out a list of all the shareholders, and then manually enter in each shareholder into the "To" line of an evemail. I also believe that there is an upper limit on how many addressies an evemail can have, so it would be extra tedious. Can't you add them to a buddy list and then email that list?
Kazzac Elentria	Posted - 2008.11.18 03:34:00 - [19] Originally by: Amarr Citizen 155 Can't you add them to a buddy list and then email that list? Doesn't work. We've toyed with it for coporate/alliance marked blues for some stuff and it just never worked right. The mechanics seem like it should though
EBANK Ricdic Eve-Tech Savings n Loans	Posted - 2008.11.18 05:15:00 - [20] Just start a vote and in the text there type what you need to say. It's not pretty but it works and goes to everyone's evemail.

Ray McCormack hirr	Posted - 2008.11.18 05:51:00 - [21] Originally by: Raskor I'm confused. Me too. Originally by: Raskor Is there something to vote on or was that just to make people aware of this discussion? You should vote yes on resolution three thirteen. Originally by: Raskor And if so, are you saying there is no way to mass mail the stockholders outside of a fake vote? Correct. And as you can see it strips ampersands and equal signs from any message, so it's almost impossible to relay an URL. I will endeavour to keep the most recent thread as a link in the Corporation description, and once our site is completed I will spam that with updates.
Bluebeard Minmatar LoneStar Industries	Posted - 2008.11.18 14:39:00 - [22] Originally by: Ray McCormack And as you can see it strips ampersands and equal signs from any message, so it's almost impossible to relay an URL. Ray, would this help ?
Ghost Emperor Amarr EvE Mutual Fund Inc.	Posted - 2008.11.18 21:32:00 - [23] Firstly, thanks very much for the dividends...EMFI can hopefully resume more regular business as well as largest holding is no longer defaulting. Secondly, for the record my two main characters voted against the taking on of the AATP BPOs...even though at the time it was a BAIL OUT, mainly as they would lead to a dilution of H-TI profitability as the prints were viewed as extra work for marginally less profit (they seemed Minmatar heavy). The profitability of H-TI has fallen substantially and the return per share has fallen from a EMFI perspective so your valuations might be out, but I have a split interest in this and I will get another main to comment on that. Thirdly, in H-TI's defense I would like to point out they have been the longest and most consistent dividend payer in EVE to my knowledge having been paying divs since early 2006 whilst others have failed, or had holidays. AATP should have at least given credit for that fact, and the fact that there was 19bn in cash in the wallet with which to pay 15bn in dividends. H-TI could have: retained earnings for future investment (which they didn't); diluted non employee holders; or not have paid dividends...none of which they did, so credit where credit is due me feels. Lastly, I trust your involvement and integrity with this, and other projects, although I would appreciate more regular shareholder communications in the future, and longer voting periods. All the best with Plans, Ghost EvE Galactic Stock Exchange and Real-time Eve Stock Exchange EMFI blog at: http://emfi.blogspot.com/
Ray McCormack hirr	Posted - 2008.11.19 15:26:00 - [24] You're welcome for the dividend, hopefully our monthly ones can grow to match it. I plan to release shareholder communications at least once a month, and will in the future issue votes for at least a week. The recent few votes have been short ones as this limbo state has gone on for long enough. Ghost, please don't get me wrong on this, I appreciate the efforts made by H-TI in assisting AATP when it could no longer function by itself; but as CEO my interests lie in obtaining the best possible outcome for the shareholders. I think you're wrong on the consistency part though, H-TI has had periods when dividends have not been forthcoming, requiring a change in CEO to pay out. And judging from the corporate votes there have also been periods of inactivity, requiring unlock votes to release BPOs. Sure, they could have diluted non-employee dividends by taking pre-profit payment for services, but that wasn't covered in the original agreement. What was covered was capital retention, that hasn't happened. The fact it hasn't simplifies our situation a little, but not by much.
Tika Majere Hi-Tech Industries	Posted - 2008.11.19 15:31:00 - [25] Originally by: Ray McCormack I welcome you to the new era of AATP. This company has a fine footing to continue with, but the road may not be as rosy as first imagined. Congratulations - glad to see AATP is getting some direction once again. Originally by: Ray McCormack AATP has far too much ISK invested in associate corportations, for far too little return. To echo Ghost Emperor, the AATP/H-TI deal was a well-timed (from my perspective) bail-out of AATP who had at the time lost the production base to make use of the BPs. It is my understanding that the deal was BPOs for shares, not BPOs plus cash for shares. I am certainly unaware of any large injection of cash from AATP - your investment was and remains the BPO capital. Which, I might add, is worth in isk terms significantly less than at the time of the deal. So - you have been collecting dividends for nearly 2 years on the proceeds of prints that would otherwise have sat idle or been sold at the time. Without H-TI, you most certainly would not be enjoying the position you occupy atm, if indeed you even had a going concern at all. If you wish to pursue any form of continued relationship with H-TI, you WILL keep this in mind and adjust your stance accordingly. Originally by: Ray McCormack Granted you could put this down to the recent technological breakthroughs in the Empire regions, what many are terming 'Invention'. I, however, disagree. And indeed you would be correct to do so. Downwards pricing pressure from opportunistic competitors is only half the problem - by far the greater problem is rocketing prices on moon materials. That has effectively pushed us from a monthly div to a bi-monthly. Originally by: Ray McCormack In my eyes the merger with H-TI was badly drawn up, serving only the interest of the H-TI shareholders. Recent documents brought to my attention serve only to further my take on this. See my comments above. We made big changes to a small & highly profitable operation to accomodate AATP, resulting in compressed margins & greatly increased operating cost in terms of both isk & effort. Your omission of this consideration is insulting and misleading, whilst being undoubtedly great fodder for your fanboys. Originally by: Ray McCormack H-TI return the BPOs belonging to AATP at the time of the merger (which I have ready documentation on). H-TI liquidate aforementioned BPOs and payout accordingly. H-TI offer to buyout AATP's stake in their company for a price in excess of 150b. H-TI continue the current arrangement, but open up their doors to an AATP audit and possible active role in daily management. Provide me with your documentation, and I will arrange for the return of the BPOs *after* all H-TI shares (9000) owned by AATP are returned to either myself or the H-TI corporate wallet. OK - you want us to give them back & then sell them for you? Get real. Hilarious. Get stuffed. Ditto.
Tika Majere Hi-Tech Industries	Posted - 2008.11.19 15:38:00 - [26] Originally by: Ray McCormack I think you're wrong on the consistency part though He's not. Originally by: Ray McCormack H-TI has had periods when dividends have not been forthcoming, requiring a change in CEO to pay out. Yep - that happens when players leave the game. You of all people should understand this. Originally by: Ray McCormack And judging from the corporate votes there have also been periods of inactivity, requiring unlock votes to release BPOs. This wasn't inactivity - we just forgot to check the bills. Originally by: Ray McCormack Sure, they could have diluted non-employee dividends by taking pre-profit payment for services, but that wasn't covered in the original agreement. We have never done this.
Ray McCormack hirr	Posted - 2008.11.19 15:47:00 - [27] Originally by: Tika Majere [list=1] Provide me with your documentation, and I will arrange for the return of the BPOs *after* all H-TI shares (9000) owned by AATP are returned to either myself or the H-TI corporate wallet. Discussion over. This will happen. Now. So start the vote to unlock the BPOs and contract them to AATP.
Ray McCormack hirr	Posted - 2008.11.19 15:49:00 - [28] You don't need my documentation, have a look at your own.
Ray McCormack hirr	Posted - 2008.11.19 16:04:00 - [29] 9000 shares transferred to the H-TI corp wallet.
Tika Majere Hi-Tech Industries	Posted - 2008.11.21 08:11:00 - [30] Originally by: Ray McCormack Discussion over. There was no discussion, just a list of demands with only 1 even vaguely realistic. Originally by: Ray McCormack This will happen. Oooo - scary. Originally by: Ray McCormack Now. 'Fraid not, pal. It'll happen when I'm ready. Which means you'll get them when they come off the line. Discussion over. Originally by: Ray McCormack So start the vote to unlock the BPOs and contract them to AATP. Claymore & Viator contracted. --- CEO of Hi-Tech Industries [H-TI] ---



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