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LRN
Ewigkeit
   |
Posted - 2008.12.06 12:47:00 -
[1]
Edited by: LRN on 06/12/2008 13:04:16
My previous bond offering
Keywords: IPO, long-term, large volume trading, response time optimization, low risk, monthly report.
Introduction
As some of you already know, I am an MD regular and have played the game for some time now (1.6 years), accumulating a vast experience in the field of trading / manufacturing.
The Business Plan
After carefully analyzing my past market activities and factoring in skills improvements, additional production capabilities acquired and my daily schedule, I believe I am in the unique position of presenting the community with a long term investment opportunity that will surpass everything I have undertaken so far by an order of magnitude, and profitwise quite possibly set a precedence/standard for offerings to come.
To be more precise, my present initiative builds upon the line of thought defined by my previous offerings with the aim of gradually shifting the focus to less time costly solutions and even creating sub-funds each with their own investment goals.
Shares and reservations
Blocks of shares: 170
Price per block: 100m (minimum investment 100m)
Unfortunately I wasn't able to recover the Ewigkeit shares in their entirety, as a result preparations are under way for the creation of 17,000 shares with a face value of 1,000,000 isk per share via a holdings corp.
While I am not imposing any restriction as to who can invest, in the case of oversubscribing I might assign a higher priority to previous investors, MD regulars, those that to this moment have launched an offering MD; I expect to receive the same level of attention on their part.
Aside from that, money sent is money received though, automatically diminishing the reservations pool.
Buyback at initial value of 1m/share will become available after 3 months, subsequently, a total of 3 bil isk will be allocated monthly to honoring withdrawal requests (if that will prove the case, of course).
All payments (dividends, buyback of shares) will be forwarded to whoever owns the shares at that particular moment.
And last but not least, upon dissolution (either voluntary of compulsory) all shares will be redeemed.
Reporting: I will provide a monthly report that will also include a list of opportunities for those interested in supplying raw materials / retailers (subject to more frequent updates). I also welcome my investors to mail me their suggestions / concerns regarding the management of the enterprise.
Any statutory changes or issues requiring shareholders attention will be subjected to voting. I am expecting to receive feedback in matters that concern adjusting the risk level of my operations, expansions, identifying and pursuing additional revenue sources, etc.
Blocks of shares left: 170
P.S. I will transfer the shares as soon as they're created, however till then, we'll just have to use this thread to track investments.
Black Sun Empire |
LRN
Ewigkeit
|
Posted - 2008.12.06 12:48:00 -
[2]
Reserved.
Black Sun Empire |
LRN
Ewigkeit
|
Posted - 2008.12.06 12:48:00 -
[3]
Reserved.
Black Sun Empire |
Ricdic
Caldari
|
Posted - 2008.12.06 13:37:00 -
[4]
Wired 1b across for 10 shares. |
Ricdic
Caldari
|
Posted - 2008.12.06 13:40:00 -
[5]
haha check out the time on my above post. |
minicoop
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Posted - 2008.12.06 13:58:00 -
[6]
Edited by: minicoop on 06/12/2008 13:59:28
posting as an alt of finedele (im out and cant remember the other pw  ), i'd like to take 4 blocks (yeah im poor :( ). to confirm who i am, i send you this little friend of mine:
edit: as blind as i may be, what returns may we expect?
|
Cinta Verick
Amarr
4th Dimension Investments
|
Posted - 2008.12.06 14:06:00 -
[7]
300m sent for 3 blocks.
Thanks.
|
LRN
Ewigkeit
|
Posted - 2008.12.06 14:07:00 -
[8]
 Originally by: minicoop
posting as an alt of finedele (im out and cant remember the other pw ), i'd like to take 4 blocks (yeah im poor :( ). to confirm who i am, i send you this little friend of mine:
edit: as blind as i may be, what returns may we expect?
Around 8% return monthly, but you'll get a bonus.
Black Sun Empire |
Treelox
Amarr
Market Jihadist Revolutionary Party
|
Posted - 2008.12.06 14:11:00 -
[9]
1bil isk worth, AKA 10block, to be sent as soon as the first question is answered (I hate to assume it is to LRN)
isk is to be sent to LRN?
holding corp, share creation vote already started?
and what is the name of the new holding corp?
--
|
LRN
Ewigkeit
|
Posted - 2008.12.06 14:20:00 -
[10]
Originally by: Treelox
1bil isk worth, AKA 10block, to be sent as soon as the first question is answered (I hate to assume it is to LRN)
isk is to be sent to LRN?
holding corp, share creation vote already started?
and what is the name of the new holding corp?
Yes, send the isk to LRN.
No, I haven't left Ewigkeit yet. It will still take 22h and probably another 24h to validate the share creation vote. Meanwhile, I will keep track of investments via the OP.
Black Sun Empire |
Athias
|
Posted - 2008.12.06 14:30:00 -
[11]
Ill give it a shot as well..
Reserving 15 blocks for 1.5 bill ISK. Isk to come later today
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cosmoray
Cosmoray Construction
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Posted - 2008.12.06 14:52:00 -
[12]
3 Blocks - 300M
ISK sent
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Keyser Kahn
Stellar-Parallax Corp
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Posted - 2008.12.06 15:05:00 -
[13]
12 Blocks please - 1.2 bill sent
Thanks
|
Dai'Fail Nofain
Amarr
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Posted - 2008.12.06 15:24:00 -
[14]
5 blocks please
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Yarden Tajj
Lost Industries
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Posted - 2008.12.06 16:10:00 -
[15]
Bought 100 blocks isk has been send to LRN
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Mike'P
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Posted - 2008.12.06 16:15:00 -
[16]
Hey, I'll step in for 5 blocks - 500 mill sent.
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Kazzac Elentria
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Posted - 2008.12.06 16:36:00 -
[17]
Missed the last one, but I'll go in for 3
Once I get access to a PC that can actually run EVE I'll wire the isk (should be later tonight) |
Amarr Citizen 155
Tleilex Developments
|
Posted - 2008.12.06 16:40:00 -
[18]
Edited by: Amarr Citizen 155 on 06/12/2008 16:44:22
I'll take 1 block.
DISCLAIMER: I am buying into this investment so I can gain the right to voice my concerns with this operation. I don't like the way LRN or YGR entered the MD community nor do I agree with some of the content he/she chooses to post here. I'm trying my best to give him a second chance to show me the past is the past.
Edit: 100mill sent.
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.
|
Finedele
Marquie-X Corp
Majesta Empire
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Posted - 2008.12.06 17:14:00 -
[19]
finally i made it to a pc with my passwords :o money will be transferred asap (depends on what is faster: my sellorders or ebank ^^). will look out for some nice new pics for you tonight
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CornerStoner
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Posted - 2008.12.06 17:17:00 -
[20]
I'm in for 2 blocks. ISK will be sent this weekend.
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YouGotRipped
Ewigkeit
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Posted - 2008.12.06 17:18:00 -
[21]
Originally by: Finedele
finally i made it to a pc with my passwords :o money will be transferred asap (depends on what is faster: my sellorders or ebank ^^). will look out for some nice new pics for you tonight
Cats?
Black Sun Empire |
Linia
Gallente
Linia Corp
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Posted - 2008.12.06 17:23:00 -
[22]
I'll take 2 bond thing share stuff?
200m right?
|
LRN
Ewigkeit
|
Posted - 2008.12.06 17:24:00 -
[23]
Originally by: Linia
I'll take 2 bond thing share stuff?
200m right?
Yup.
Black Sun Empire |
Kazuo Ishiguro
House of Marbles
Zzz
|
Posted - 2008.12.06 17:28:00 -
[24]
If I had more idle funds right now I'd invest. Good luck.
---
Can't afford that BPO? Look here.
20:1 mineral compression
The EVE f@h team |
LRN
Ewigkeit
|
Posted - 2008.12.06 17:31:00 -
[25]
Originally by: Kazuo Ishiguro
If I had more idle funds right now I'd invest. Good luck.
Thank you.
Black Sun Empire |
Finedele
Marquie-X Corp
Majesta Empire
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Posted - 2008.12.06 18:56:00 -
[26]
money sent
|
YouGotRipped
Ewigkeit
|
Posted - 2008.12.06 19:35:00 -
[27]
Black Sun Empire |
Mutant Marr
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Posted - 2008.12.06 19:45:00 -
[28]
10 blocks for me, ISK sent.
Thanks
|
LRN
Ewigkeit
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Posted - 2008.12.06 19:50:00 -
[29]
SOLD OUT.
Black Sun Empire |
MilowFV
Echo Heavy Industries
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Posted - 2008.12.06 22:07:00 -
[30]
Dang take a couple days off checking forums/playing and miss out on an IPO, anyway if the 2 pending payments dont pay up I will Take their shares.
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Frenden Dax
Dax Acquisitions
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Posted - 2008.12.06 22:13:00 -
[31]
Pity; I'd have invested in this but looks like it got snapped up overnight. :P
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CornerStoner
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Posted - 2008.12.06 22:37:00 -
[32]
Isk Sent.
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Murixo
CCCP INC
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Posted - 2008.12.07 02:59:00 -
[33]
Look's like I missed out...damn RL! If any become available through whatever means, I'd be interested in 300m ISKs worth. One can hope!
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Ricdics
Tleilex Developments
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Posted - 2008.12.07 03:29:00 -
[34]
Originally by: Murixo
Look's like I missed out...damn RL! If any become available through whatever means, I'd be interested in 300m ISKs worth. One can hope!
I am happy to sell shares to you or anyone else at 150m per share. |
flakeys
Tier 3 Technologies Inc
Lazy is our middle name
|
Posted - 2008.12.07 14:51:00 -
[35]
Now if i said here about a year ago YGR would launch an IPO and get it filled in a verry short time without much questions you'd all say i'm mad 
Anyway good luck with it YGR ...
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LRN
Ewigkeit
|
Posted - 2008.12.08 14:54:00 -
[36]
Shares sent.
Given the fact that I've oversubscribed the offering, I have bought 300 of my own shares so I can gain the right to voice my concerns with this operation, etc, etc.
Black Sun Empire |
Kazzac Elentria
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Posted - 2008.12.09 16:28:00 -
[37]
Waiting on the shares |
Damien Jax
Industrial Research College Ltd
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Posted - 2008.12.09 20:31:00 -
[38]
I totally missed this thread... sheesh! Any chance for a subsequent offering?
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Treelox
Amarr
Market Jihadist Revolutionary Party
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Posted - 2008.12.09 23:01:00 -
[39]
Originally by: LRN
Shares sent.
???? my wallet shows not ????
--
Chribba's LoveQuest 17:00hrs Dec. 20th (Prizes!!)
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CornerStoner
|
Posted - 2008.12.09 23:23:00 -
[40]
I gotz minez
|
LRN
Ewigkeit
|
Posted - 2008.12.10 08:24:00 -
[41]
Originally by: Treelox
Originally by: LRN
Shares sent.
???? my wallet shows not ????
status update, shares now showing in mine. <shrugs>
Your name appears in the shareholders list (1000 shares).
You should petition it and give those lazy GMs something to do. 
Black Sun Empire |
Kazzac Elentria
|
Posted - 2008.12.10 13:34:00 -
[42]
Originally by: LRN
Your name appears in the shareholders list (1000 shares).
So you're handling things via virtual shares like Xabier then?
...just making sure so I know how I can track this over time. |
Yarden Tajj
Lost Industries
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Posted - 2009.01.06 12:16:00 -
[43]
I'm eagerly awaiting the new report which is due :)
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Ricdic
Caldari
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Posted - 2009.01.06 12:44:00 -
[44]
YGR has been awful quiet of late. Very unlike him  |
Kazzac Elentria
|
Posted - 2009.01.06 13:23:00 -
[45]
Originally by: Ricdic
YGR has been awful quiet of late. Very unlike him
Hopefully busy making isk |
Yarden Tajj
Lost Industries
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Posted - 2009.01.06 13:25:00 -
[46]
I've poked him and he advised me that he's working on the report.
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Yarden Tajj
Lost Industries
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Posted - 2009.01.06 15:51:00 -
[47]
Edited by: Yarden Tajj on 06/01/2009 15:51:16
2009.01.06 15:50
EWG Holdings may have credited your account as part of a total payout of 1202500000 ISK to their shareholders. The amount awarded is based upon the number of shares you hold, in relation to the total number of shares issued by the corporation.
Edit: thank you LRN :) keep it up.
|
Kazzac Elentria
|
Posted - 2009.01.06 16:55:00 -
[48]
Yep, first div received. 19.5m |
LRN
Draconis ANBU
|
Posted - 2009.01.06 17:16:00 -
[49]
Edited by: LRN on 06/01/2009 17:25:06
January Report
Revenue
84,788,428,559.73
Expenses
81,983,107,110.07
Unfortunately the above info includes purchases of fixed assets and later deposits resulted from liquidating my own collection of ships BPOs so it holds little practical value.
------------
Statement of assets:
Sell orders value
2,994,147,029
Escrow
523,126,125
Wallet
8,778,977,903 (divs subtracted)
Fixed assets
38,645,000,000
Stock
Raw materials ~ 500,000,000
Toys
~ 1,800,000,000
--------------------------------------
Gross Assets: 53,241,251,057
Liabilities: 18,500,000,000
Net Assets: 34,741,251,057
--------------------------------
Shares: 18,500
Dividends: 1,202,500,000 (6.5%)
Divs/share: 65,000
-------------------------------
Given Rogue Halo's generous donation, sometime around the middle of December last year I have decided to supplement the size of the IPO and accelerate the transition towards less stressful revenue sources.
While I am unable to provide the exact profit figures resulted from auxiliary activities I can tell you that I've been working my ass off and whatever profit is left has been diverted towards purchasing assets necessary to complement the now expanded production capabilities.
Even so, in order to meet the deadline I am left with no choice but to launch a small short term expansion backed by the above statement of assets. The exact figures and timeframe of the said expansion will be published shortly.
Black Sun Empire |
cosmoray
Cosmoray Construction
|
Posted - 2009.01.06 17:49:00 -
[50]
Nice work.
As a side note, are you in semi-retirement on the forum?
|
YouGotRipped
Ewigkeit
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Posted - 2009.01.06 18:08:00 -
[51]
Edited by: YouGotRipped on 06/01/2009 18:14:34
Originally by: cosmoray
Nice work.
As a side note, are you in semi-retirement on the forum?
Thank you.
Believe it or not after running the IPO for a while, I've become accustomed to the tediousness of 1 isk wars (yes, I'm the one that patented keyboard dependent 1 isk incrementation in Jita) and find it more relaxing than reading the forums.
Though make no mistake, my trolling powers have not yet withered, I reckon we'll have a lot of catching up to do once I'll finally buy back the shares.
Black Sun Empire |
Frenden Dax
Dax Acquisitions
|
Posted - 2009.01.06 21:17:00 -
[52]
Color me interested in the expansion, and good work so far.
|
Yarden Tajj
Lost Industries
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Posted - 2009.01.06 22:13:00 -
[53]
if somebody is interested in selling shares of this IPO what would be the correct procedure?
|
Finedele
Marquie-X Corp
Majesta Empire
|
Posted - 2009.01.07 18:26:00 -
[54]
Originally by: Yarden Tajj
if somebody is interested in selling shares of this IPO what would be the correct procedure?
tell me if you wanna sell your shares, i'd take them probably ;) drop me a line if so!
|
Finedele
Marquie-X Corp
Majesta Empire
|
Posted - 2009.01.07 18:36:00 -
[55]
Originally by: LRN
Edited by: LRN on 07/01/2009 09:05:57
Even so, in order to meet the deadline I am left with no choice but to ...
this makes me thinking of THIS great pikschure:
thx for the fish & the bonus, i miss your trollingtalents ;) can you evemail me before the expansion goes live? need to free some money first ^^
|
YouGotRipped
Ewigkeit
|
Posted - 2009.01.08 12:50:00 -
[56]
 Please visit your user settings to re-enable images. |
Treelox
Amarr
Market Jihadist Revolutionary Party
|
Posted - 2009.01.09 02:47:00 -
[57]
vote for an additional 11500 shares.....
that is additional 11.5bil....on top of the intial 18.5bil you raised just a month ago.
You seem to intimate that this is a short term expansion, and yet your mixing these "new" bonds with your old bond. Not very happy about this.
--
|
LRN
Caldari
|
Posted - 2009.01.09 03:43:00 -
[58]
Edited by: LRN on 09/01/2009 03:43:47
Originally by: Treelox
You seem to intimate that this is a short term expansion, and yet your mixing these "new" bonds with your old bond. Not very happy about this.
The original plan called forth for 2 expansions (an organic expansion designed to acquire missing component BPOs and a bigger one much later with the purpose of creating a minerals reserve) however since my current activities have proven quite profitable and thus paying more interest is not an issue, I have decided to issue shares now, keep more isk in the wallet for trading and forfeit the second expansion.
|
Treelox
Amarr
Market Jihadist Revolutionary Party
|
Posted - 2009.01.09 07:29:00 -
[59]
Originally by: LRN
The original plan called forth for two expansions (an organic expansion designed to acquire missing component BPOs - no additional shares, buyback after one month - and a bigger one much later with the purpose of creating a minerals reserve) however since my current activities have proven quite profitable and thus paying more interest is not an issue, I have decided to issue shares now, keep more isk in the wallet for trading and forfeit the second expansion.
Things like this should be explained in detail, before corp votes get issued. Saves everyone a lot of grief, IMO.
--
|
Keyser Kahn
Stellar-Parallax Corp
|
Posted - 2009.01.09 11:35:00 -
[60]
Originally by: LRN
[SNIP Words] ...since my current activities have proven quite profitable and thus paying more interest is not an issue, I have decided to issue shares now, keep more isk in the wallet for trading and forfeit the second expansion.
Please excuse my questions - I may of course be missing something here but am thick skinned so quite happy for people to point and laugh at me.
Monthly return on investment - originally you were expecting to run your business at around an 8% monthly return (+ bonus?) and the return for the first month per your report was 6.5%.
Whilst I clearly missed the part in the OP about a secondary expansion I do not have an issue with this per se other than the lack of information - i.e. when? existing shareholders get preferential opportunity to invest? lack of more detailed information about the expansion and it's affect on the existing business etc.
I would be greatly interested in the above information to allow me to make a measured judgement and obviously I am interested in the expected monthly return on my current investment in so much as are you expecting it to get back to the original level - rise - fall - stay as current?
Thanking you in advance. |
LRN
Caldari
|
Posted - 2009.01.09 22:04:00 -
[61]
Edited by: LRN on 09/01/2009 22:08:09
Originally by: Keyser Kahn
Please excuse my questions - I may of course be missing something here but am thick skinned so quite happy for people to point and laugh at me.
Monthly return on investment - originally you were expecting to run your business at around an 8% monthly return (+ bonus?) and the return for the first month per your report was 6.5%.
Whilst I clearly missed the part in the OP about a secondary expansion I do not have an issue with this per se other than the lack of information - i.e. when? existing shareholders get preferential opportunity to invest? lack of more detailed information about the expansion and it's affect on the existing business etc.
I would be greatly interested in the above information to allow me to make a measured judgement and obviously I am interested in the expected monthly return on my current investment in so much as are you expecting it to get back to the original level - rise - fall - stay as current?
Thanking you in advance.
I'm afraid that for the time being (2-3 months) paying more than an average monthly return is not a priority. Remaining profit is being allocated to getting the entire project up and running at optimal parameters (continous production) in the shortest time possible - partially funding the expansion aimed at acquiring missing component BPOs and subsequently building a minerals reserve. I'd rather not hazard in forecasting return rates, the next monthly report will be representative in terms of sustainability (moderate market interaction).
As for the timing of the expansion, it will be posted within the next 24h, first come first serve basis as it has been already delayed 4 days for various reasons.
|
Keyser Kahn
Stellar-Parallax Corp
|
Posted - 2009.01.10 14:17:00 -
[62]
Originally by: LRN
I'm afraid that for the time being (2-3 months) paying more than an average monthly return is not a priority. [Snipped other words]
I again apologise for re-visiting this but hopefully I am being thick. You launched your IPO based upon the expectation of paying your investors around 8%. You appear to have now decided that it should be around 6%? You also appear to be saying that it is not a priority of yours to conform to your original goals and claims with which you sought the original investment?
If I am not being thick and please feel free to either:
a) just scam and take my isk as this would leave a better taste in my mouth than currently
b) assuming any of your original claims are valid - note my 1200 share down for buyback after the initial 3 months
c) at least kiss me first
Thanks |
LRN
Caldari
|
Posted - 2009.01.10 15:15:00 -
[63]
Edited by: LRN on 10/01/2009 15:22:41
It goes without saying that once the project is online I will compensate the investors for the lower return associate with these months.
But with more than 80% of the project funds tied up in fixed assets that are dependent upon additional funding to yield any profit it is understandable why at this point my priority is partially funding the expansion rather than paying an above average monthly return.
Based upon the results of the next monthly report, I will carefully consider paying more dividends and the setbacks that such a course of action will incur.
I assume a compromise is the most likely solution in this matter.
Black Sun Empire |
Christos Hendez
Warhamsters
Against ALL Authorities
|
Posted - 2009.01.10 19:52:00 -
[64]
200 million has been sent to AmishParadise
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