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Morrning Starr
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Posted - 2008.12.27 09:48:00 -
[1]
Jita Stock Exchange Opened for business on July of this Year. Our Mailing List is J-SEX and our public channel is Jita Stock EXchange (J-SEX). So far we have had limited success. A few of the corps that started with us have stopped paying dividends but for the most part I have been able to cover the loss by buying back the stock from costumers and hounding the CEOs of the defaulting corps.
At this time we have 5 corps that pay dividends. The Party Corp The Colonial Forces A Private Space Venture Star Caliber 126 MP Co
To Purchase Stock Visit Our Mailing List or contact me in Game.
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Ricdics
Tleilex Developments Dara Cothrom
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Posted - 2008.12.27 11:01:00 -
[2]
What do you do? |

cosmoray
Cosmoray Construction
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Posted - 2008.12.27 15:20:00 -
[3]
seems like a solid business
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Packtu'sa
Nabaal Construction and Industrials Corp
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Posted - 2008.12.27 17:35:00 -
[4]
Originally by: cosmoray seems like a solid business
Either the sarcasm is thick, or you are. 
Packtu'sa Founder/CEO, Nabaal Construction and Industrials Corp (2bn @ 4.5%) |

Amarr Citizen 155
Tleilex Developments Dara Cothrom
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Posted - 2008.12.27 17:36:00 -
[5]
Edited by: Amarr Citizen 155 on 27/12/2008 17:37:13
Originally by: Morrning Starr Jita Stock Exchange Opened for business on July of this Year. Our Mailing List is J-SEX and our public channel is Jita Stock EXchange (J-SEX). So far we have had limited success. A few of the corps that started with us have stopped paying dividends but for the most part I have been able to cover the loss by buying back the stock from costumers and hounding the CEOs of the defaulting corps.
They wear costumes?
Also, I would like to put FRPB on your exchange and if they stop paying dividends please buy back the stock and hound the CEO.
Edit: and yes Cosmo is full of sarcasm, but he's also thick too>:p
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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Stardust CEO
The Scope
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Posted - 2008.12.27 17:37:00 -
[6]
Where do posts like this come from?
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Morrning Starr
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Posted - 2008.12.27 23:39:00 -
[7]
Originally by: Ricdics What do you do?
We act as a go between corporations and investors. Meaning we buy stock from corps that agree to pay dividends on a set schedule and set amount. Works like a bond issue.
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Ray McCormack
hirr
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Posted - 2008.12.28 08:18:00 -
[8]
So you're covering the losses from scam IPOs? In that case I'd like to register my new 100b IPO with you, I'll also buy all the shares for it.
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Lui Kai
Better Than You
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Posted - 2008.12.28 08:43:00 -
[9]
Originally by: Ray McCormack So you're covering the losses from scam IPOs? In that case I'd like to register my new 100b IPO with you, I'll also buy all the shares for it.
Careful - you're skirting up against a very stern "hounding." ----------------
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Ricdics
Tleilex Developments Dara Cothrom
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Posted - 2008.12.28 08:49:00 -
[10]
Originally by: Morrning Starr
Originally by: Ricdics What do you do?
We act as a go between corporations and investors. Meaning we buy stock from corps that agree to pay dividends on a set schedule and set amount. Works like a bond issue.
I want to invest but I dont have any isk. How many shares can I get? |

Gawain Hill
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Posted - 2008.12.28 09:01:00 -
[11]
Originally by: Ray McCormack So you're covering the losses from scam IPOs? In that case I'd like to register my new 100b IPO with you, I'll also buy all the shares for it.
I'll cover that one for you it'll take 5 working days (from today) for you to recive the isk for the shares to be bought from you for your new ipo.
I'd also like the 100bill within the next 3 working days (from today) for you to buy your shares off me.
Ofcause I'm asuming that this is the full detailed ipo and fully accept it'll have 0% anual payments.
I look forward to doing business with you
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Morrning Starr
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Posted - 2008.12.28 11:01:00 -
[12]
Originally by: Ricdics
Originally by: Morrning Starr
Originally by: Ricdics What do you do?
We act as a go between corporations and investors. Meaning we buy stock from corps that agree to pay dividends on a set schedule and set amount. Works like a bond issue.
I want to invest but I dont have any isk. How many shares can I get?
0 isk 0 shares Im afraid.
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Morrning Starr
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Posted - 2008.12.28 11:05:00 -
[13]
Edited by: Morrning Starr on 28/12/2008 11:06:08
Originally by: Morrning Starr Edited by: Morrning Starr on 27/12/2008 23:35:05 Edited by: Morrning Starr on 27/12/2008 23:34:30 Jita Stock Exchange Opened for business on July of this Year. Our Mailing List is J-SEX and our public channel is Jita Stock EXchange (J-SEX). So far we have had limited success. A few of the corps that started with us have stopped paying dividends but for the most part I have been able to cover the loss by buying back the stock from customers and hounding the CEOs of the defaulting corps.
At this time we have 5 corps that pay dividends. The Party Corp The Colonial Forces A Private Space Venture Star Caliber 126 MP Co
To Purchase Stock Visit Our Mailing List or contact me in Game.
We started the exchange with 6 corps of those original 6 corps: 1 corp closed the ceo payed for the stock before he closed the corp I refunded the isk to investors.
3 stopped paying dividends and i have refunded the isk to investors then negotiated with the corps to get my isk back.
2 corps are still in the exchange and continue to pay dividends.
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Morrning Starr
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Posted - 2008.12.28 11:12:00 -
[14]
Originally by: Stardust CEO Where do posts like this come from?
You just start a new topic in the tread you are interested in or have a question about. I got "Hounded" in game enough times about having a forum tread to keep investors informed and to have a place to list any complaints that I was forced to learn how to post topics. BTW I just heard about EBANK any treads about that?
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lryans
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Posted - 2008.12.28 11:29:00 -
[15]
i am the CEO of a mining/industry corp and would like information on listing my shares on your exchange for investors to buy if you are taking new corps that is contact me in game or i am always looking here
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Ricdics
Tleilex Developments Dara Cothrom
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Posted - 2008.12.28 11:36:00 -
[16]
Originally by: Morrning Starr
Originally by: Ricdics
Originally by: Morrning Starr
Originally by: Ricdics What do you do?
We act as a go between corporations and investors. Meaning we buy stock from corps that agree to pay dividends on a set schedule and set amount. Works like a bond issue.
I want to invest but I dont have any isk. How many shares can I get?
0 isk 0 shares Im afraid.
So what does a share cost?
How many are you selling?
Do you feel that having 50% of your investments scam is acceptable or could it be related to poor management on your side? |

Morrning Starr
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Posted - 2008.12.28 11:57:00 -
[17]
Originally by: Ricdics
Do you feel that having 50% of your investments scam is acceptable or could it be related to poor management on your side?
Well there you have it the first to use the word scam.
scam [skam] (slang) n (plural scams) dishonest scheme: a scheme for making money by dishonest means
vt (past and past participle scammed, present participle scam+ming, 3rd person present singular scams) trick somebody: to obtain money or other goods from somebody by dishonest means
[Mid-20th century. Origin ?]
-scam+mer, , n
And no Im not a scammer, Ive heard that in game enough times to move the discussion out here in the open forums. I will ask my customers to post their complaints/approval on this forum so the public can decide on my honesty.
As far as managenet goes, I can set up a system for a stock exchange but I cannot force ceo's to pay dividends. The risk is in new corps joining the exchange, to mitigate this risk I list corps that: 1. Have more than 10 members 2. Have been opened more than than 3 months.
I will to look in game as soon as the server comes up to give you the price on the corps listed.
BTW mit+i+gate
mit+i+gate [mftti gayt] (past and past participle mit+i+gat+ed, present participle mit+i+gat+ing, 3rd person present singular mit+i+gates) vt 1. partly excuse crime: to make an offense or crime less serious or more excusable 2. lessen something: to make something less harsh, severe, or violent
[15th century. < Latin mitigat- , past participle of mitigare "make mild" < mitis "gentle, soft" + agere "make"]
-mit+i+ga+ble [mfttigəb'l], , adj -mit+i+ga+tion [m8tti gßysh'n], , n
See militate. Encarta « World English Dictionary ¬ & (P) 1998-2005 Microsoft Corporation. All rights reserved.
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Ray McCormack
hirr
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Posted - 2008.12.28 12:08:00 -
[18]
Thanks, I didn't know what scamming or mitigation meant. It's good that you can quote dictionaries too, always a useful skill.
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Morrning Starr
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Posted - 2008.12.28 12:18:00 -
[19]
Edited by: Morrning Starr on 28/12/2008 12:23:20
Originally by: Ray McCormack Thanks, I didn't know what scamming or mitigation meant. It's good that you can quote dictionaries too, always a useful skill.
But do you get my point? The reason for posting on the forums is to have an open discussion on the topic. One thing you must look at is that there are 2 other stock exchanges in eve. This is just a third option, Low price stock that pays a fixed rate on a fixed schedule. A bond issue, a loan for corps looking to expand. A lower risk to investors since the prices are lower.
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Washell Olivaw
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Posted - 2008.12.28 12:27:00 -
[20]
Originally by: Morrning Starr And no Im not a scammer
He didn't call you a scammer. He said that once this gets better known, corps can use you to issue stock, disband and run with the money. He estimates 50% of your stock issuers will do this and asks:
a) If you find that acceptable. b) If it's related to your poor management skills clearly demonstrated by lack of failsafes and organisation you put into this.
If you still want to feel insulted it translates to: You're an idiot and you'll go broke recompensating investors.
Originally by: Signature Everybody has a photographic memory, some people just don't have film.
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Lui Kai
Better Than You
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Posted - 2008.12.28 12:27:00 -
[21]
I don't think a community unknown, offering a "stock exchange" with no details or transparency, claiming clients that are previously unheard of, and with no provable ability to achieve clemency in the event of failure counts as "lower risk" ----------------
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Ray McCormack
hirr
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Posted - 2008.12.28 12:30:00 -
[22]
Originally by: Morrning Starr But do you get my point?
Not really. If you knew what you were doing you would have covered more bases in your original post; but you didn't, which leads me to believe you don't.
Essentially you're just offering a third-party service to broker a share and ISK transfer between two characters. For that you need trust, of which you have none.
And the corporations you list are neither known nor publicly vetted, and you provide no additional information about them. Why would I even consider buying into that?
From all appearances this is nothing more than a thinly veiled attempt at a con.
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Lui Kai
Better Than You
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Posted - 2008.12.28 12:37:00 -
[23]
Originally by: Ray McCormack
From all appearances this is nothing more than a thinly veiled attempt at a con.
I'm going with stupidity over cupidity in my guess. I think the formation process went something like this:
A: "Eve has a lot of corps selling stock. It needs a stock exchange!"
B: "It has two."
A loggins into RESx; EGSE, notices most shares are wadging expensive, and usually scams
A: "There needs to be a way to get cheap stocks! These exchanges should scold at corps who fold!"
A proceeds to contact newb corps B-F.
A: "We'll broker your stocks, but if you scam I will hound you!"
Newb Corps B-F: "We are now listed on a stock exchange. This means we're no longer newb empire mining corps!"
Newb Corps B-E fold. Newb Corp F continues to pay their promised 10k dividend.
A, flushed with his sucessful stock exchange, comes to MD to open the doors to the whole wide world.
A is beaten with a stick.
That brings us to now.
----------------
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Morrning Starr
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Posted - 2008.12.28 12:37:00 -
[24]
Originally by: Washell Olivaw
Originally by: Morrning Starr And no Im not a scammer
He didn't call you a scammer. He said that once this gets better known, corps can use you to issue stock, disband and run with the money. He estimates 50% of your stock issuers will do this and asks:
a) If you find that acceptable. b) If it's related to your poor management skills clearly demonstrated by lack of failsafes and organisation you put into this.
If you still want to feel insulted it translates to: You're an idiot and you'll go broke recompensating investors.
Good translation, thank you. But as this is an open forum I will ask you this: Instead of translating why dont you suggest a few fail safes. I am looking into a web based system to track transactions but i have no experience with web design. I have posted else where asking for help in this area.
Im open to suggestions, Please Quit is not a suggestion Im open to.
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Lui Kai
Better Than You
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Posted - 2008.12.28 12:41:00 -
[25]
Originally by: Morrning Starr
Im open to suggestions, Please Quit is not a suggestion Im open to.
The problem pointed out above isn't something fixed without entirely and completely changing what you're doing, how you're doing it, and who you're doing it with. ----------------
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Athre
Minmatar The Higher Standard
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Posted - 2008.12.28 14:36:00 -
[26]
Morrning Starr, I strongly suggest you read the last 3 months worth of posts in this forum to catch up (yes, I know its quite a bit).
The guys are having a bit of fun with you. Ray manages a few businesses and pays out several billions in dividends regularly. Ricdic is the founder of EBANK. Cosmo has a venture going as well.
Regarding posts on any given project known to the MD forum (such as EBANK) I refer you to the newly created document by Haskell
Haskell's PDF
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Ricdics
Tleilex Developments Dara Cothrom
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Posted - 2008.12.28 15:11:00 -
[27]
Originally by: Morrning Starr
Originally by: Washell Olivaw
Originally by: Morrning Starr And no Im not a scammer
He didn't call you a scammer. He said that once this gets better known, corps can use you to issue stock, disband and run with the money. He estimates 50% of your stock issuers will do this and asks:
a) If you find that acceptable. b) If it's related to your poor management skills clearly demonstrated by lack of failsafes and organisation you put into this.
If you still want to feel insulted it translates to: You're an idiot and you'll go broke recompensating investors.
Good translation, thank you.
He wasn't translating, he was simply clarifying what you obviously didn't understand and yet still tried to look smart by putting dictionary definitions into place.
Read my initial post again. I didn't call you a scammer:
Do you feel that having 50% of your investments scam is acceptable or could it be related to poor management on your side?
This information was derived from your initial post:
1 corp closed the ceo payed for the stock before he closed the corp I refunded the isk to investors.
3 stopped paying dividends and i have refunded the isk to investors then negotiated with the corps to get my isk back.
2 corps are still in the exchange and continue to pay dividends.
Now, 1+3+2 = 6. According to the information provided by yourself 1 has closed and 2 continue to be successful whilst 3 have failed. Now if you have 3 fail/scam/default and 3 succeed that equals a 50% success rate. I wasn't even estimating, I was simply going off past history. You yourself have specifically stated that 50% of your investments have already scammed you.
Again, I didn't call you a scammer. I questioned your business sense as a manager of a stock exchange with a 50% success rate on choosing the right invesmtents.
I suggest you answer the questions rather than trying to look smart and showing your lack of reading & comprehension skills.
Quote: But as this is an open forum I will ask you this: Instead of translating why dont you suggest a few fail safes. I am looking into a web based system to track transactions but i have no experience with web design. I have posted else where asking for help in this area.
Sorry, RESx and EGSE have been doing this for coming up to 2 years now. EBANK have one almost completed. In all three cases they have about 10x more detail, supporting websites and a knowledge of investments and the stocks industry in Eve. You show up here thinking you are king dingaling with 7 lines that you thought up whilst trying to push out a dumpling on the royal throne and expect to start this thing?
You have been running 6 months, all your investment corporations are unknown, you have been scammed by half of your investments, you spam jita local and peoples evemails and your ticker indicates an age of 14. Your initial post refers to having limited success. How can you have any form of success with a 50% failure ratio? My invention jobs yield more chance of success. You have no idea what you are doing, what a stock exchange is and how to handle things. You repay corporate scams through your own wallet and don't seem to have any idea what you are doing.
I know you like dictionaries so here: 'Stock Exchange' 2. an association of brokers and dealers in stocks and bonds who meet together and transact business according to fixed rules.
You seem to be acting as broker and guarantor whilst also being the exchange owner. The point of owning the exchange is to encourage people to trade their stocks through your exchange. You shouldn't be involved, rather you should be the mediator or third party.
You still haven't advised on: How many shares you have? Price of shares? How many shares sold? Your skills as a business manager? Acceptable for a 50% loss ratio?
etc |

Amarr Citizen 155
Tleilex Developments Dara Cothrom
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Posted - 2008.12.28 15:49:00 -
[28]
Reported as duplicate thread/cross posting.
Sell Orders Forums Post
Want Ads Forum Post
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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Morrning Starr
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Posted - 2008.12.28 20:48:00 -
[29]
Oviously you do reaserch and study a situation before you post Ricdics. Which is what I should have done. For the most part Lui Kai hit it straigth on. Ricdics, If you are the founder of EBANK why the personal attacks? Why not simply say who and what you are point out the flaws you see and let me work on correcting them? I almost get the feeling that you feel insulted at what you see is a poor attempt at duplicationg what you have already done. My hat is off to you for creating EBANK. I will rethink and reorganize.
To answer your Burning Question. A Private Space Venture Price 1500 isk Pays 4% ROI. The Colonial Forces Price 1000 isk Pays 5% ROI. Party Corp Price 200.99 isk Pays 1% ROI Star Caliber Price 10k isk Pays 10% ROI 126 MP Co Price 600 isk Pays 5% ROI All interest rates are Monthly.
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Washell Olivaw
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Posted - 2008.12.28 22:01:00 -
[30]
Originally by: Morrning Starr Why not simply say who and what you are point out the flaws you see and let me work on correcting them?
Think he's used to not needing an introduction these days.
The curse of fame. 
Originally by: Signature Everybody has a photographic memory, some people just don't have film.
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