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Rho'varo Minmatar Diversified Operational Services	Posted - 2008.12.28 22:22:00 - [31] 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? Perhaps he jumped right to questions and flaws because these are so numerous and are more relevant to the thread than discussing his own CV? Originally by: Morrning Starr 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 Where can we find out more about these corporations? Originally by: Morrning Starr 2 corps are still in the exchange and continue to pay dividends. So that list of five corporations, above, includes three that don't actually pay dividends? á á
Ricdics Tleilex Developments Dara Cothrom	Posted - 2008.12.28 23:56:00 - [32] Edited by: Ricdics on 28/12/2008 23:58:52 Whether I am CEO of EBANK, BoB or the CCP Dev team are irelevant Not sure where I insulted you Honestly your attempt at an exchange this far is akin to a piece of gum on the shoes of other exchanges. I have asked the same questions of you twice now without answer. Quote: I almost get the feeling that you feel insulted at what you see is a poor attempt at duplicationg what you have already done. Hilarious Quote: 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 Tell me you have more info than this? I may have been too soft on you. All interest rates are Monthly. Insured Research and Production Services Queues
Kazzac Elentria	Posted - 2008.12.29 00:09:00 - [33] Originally by: Stardust CEO Where do posts like this come from? It happens when we're bad for the year, this is what Santa brings us.
Morrning Starr	Posted - 2008.12.29 00:48:00 - [34] Edited by: Morrning Starr on 29/12/2008 00:52:14 Originally by: Rho'varo 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? Perhaps he jumped right to questions and flaws because these are so numerous and are more relevant to the thread than discussing his own CV? Originally by: Morrning Starr 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 Where can we find out more about these corporations? Originally by: Morrning Starr 2 corps are still in the exchange and continue to pay dividends. So that list of five corporations, above, includes three that don't actually pay dividends? Ok I see an error Ive made since starting this tread. I have been reacting to the posts with out thinking globaly. Not seeing the forrest for the trees. The corps currently listed all pay dividends. I apologize for being disorganized and jumping on this public platform with out all the facts at hand. In all I am glad I did because I have learned a valuable lesson. I have learned that even though I have a good Idea, it needs to be presented with all the data at hand. I am sorry to say that I do not have the data because I was happy just seeing the plan in action for the past six months. I do not know exactly how many shares I have sold. The only way to find that information at this point is to ask the CEOs to tell me how many shares they have in their possesion and how many belong to share holders. I will put together a business plan that outlines the purpose of the Jita Stock EXchange. I will ask the CEOs of the corps involved to do the same. I will continue looking for a web programer to help me create a web page. I see that my plan needs alot of work and attention. I will continue to update this discusion with with progress, failures and such. I appreciate the input, and look forward to reading previous post to get up to speed. I honestly had no idea that all this information was out here. Now that I do, I can better prepare to deal with task at hand, answer the questions and last but not least, find and fix the flaws pointed out and the ones I have not even considered yet. Im sure you will point them out, since you are a very passionate group that cares about the issue. Thank You very much for your help. Morrning Starr
Ricdics Tleilex Developments Dara Cothrom	Posted - 2008.12.29 02:52:00 - [35] Edited by: Ricdics on 29/12/2008 02:52:53 Quote: Ok I see an error Ive made since starting this tread. I have been reacting to the posts with out thinking globaly. You have been running a charity, not a business. Quote: The corps currently listed all pay dividends. How much do they pay? How often do they pay? What is their dividend payment history? How many shares does each have? Whats the value per share at time of issuance? Whats the current value per share? Are dividends retained as growth or dividended off to the stock exchange? Quote: I apologize for being disorganized and jumping on this public platform with out all the facts at hand. In all I am glad I did because I have learned a valuable lesson. You still have a lot to learn. Quote: I have learned that even though I have a good Idea Don't forget your idea has already been done by other people. I strongly suggest you spend some time reading up on EGSE and RESX and looking at ways you can improve on what they offer or find a unique product or service associated with your exchange. Quote: it needs to be presented with all the data at hand. More so it needs to have a feature or features that make it worth using over the competition. You have huge shoes to fill. Your stock exchange needs an absolute ton of work in order to have any chance of succeeding here. The others are bigger, better, trusted and understand how a Stock Exchange works Quote: I am sorry to say that I do not have the data because I was happy just seeing the plan in action for the past six months. That has to change. You need complete reporting on these stocks, you need them to show their business plans for public consumption, you need to implement a way to trade the stocks (or else it actually defeats the point of a stock exchange). Quote: I do not know exactly how many shares I have sold. The only way to find that information at this point is to ask the CEOs to tell me how many shares they have in their possesion and how many belong to share holders. How have you actually done this? You sold J-SEX shares to players? You don't know how many? You don't know how many you have left? You don't know what price you sold the stocks for? You have shares but don't know how many? How much did you pay for each share in your stocks? To date how much has been repaid from each of these stocks? Quote: I will put together a business plan that outlines the purpose of the Jita Stock EXchange. I will ask the CEOs of the corps involved to do the same. I will continue looking for a web programer to help me create a web page. It's a good start. Quote: I see that my plan needs alot of work and attention. I will continue to update this discusion with with progress, failures and such. I appreciate the input, and look forward to reading previous post to get up to speed. I honestly had no idea that all this information was out here. Now that I do, I can better prepare to deal with task at hand, answer the questions and last but not least, find and fix the flaws pointed out and the ones I have not even considered yet. Im sure you will point them out, since you are a very passionate group that cares about the issue. You need to shut the whole operation down and restart. In current form its a complete mess and backtracking the data and trying to get accurate information will prove difficult. Shut down, find a coder, learn how Stock Exchanges work and then come back with a real business.
Packtu'sa Nabaal Construction and Industrials Corp	Posted - 2008.12.29 03:00:00 - [36] Originally by: Ricdics You need to shut the whole operation down and restart. In current form its a complete mess and backtracking the data and trying to get accurate information will prove difficult. Shut down, find a coder, learn how Stock Exchanges work and then come back with a real business. Posting to confirm that the man is right. We're quite picky in this forum, and quite frankly you'll have zero success with this exchange if you don't scrap everything you have and start fresh. You need to plan with impeccable thoroughness, and even then you will have difficulty, so don't expect the process to be easy. Stock exchanges rank right up there with banks as 'difficult organizations to establish' in EVE. Packtu'sa Founder/CEO, Nabaal Construction and Industrials Corp (2bn @ 4.5%)
Ricdics Tleilex Developments Dara Cothrom	Posted - 2008.12.29 03:40:00 - [37] Final Note: Based on this whole thread it sounds more like you are trying to run a Mutual Fund rather than a Stock Exchange The main points to notice are: Stock Exchange A stock exchange, securities exchange or (in Europe) bourse is a corporation or mutual organization which provides "trading" facilities for stock brokers and traders, to trade stocks and other securities. (this shows it's basically a marketplace in which it allows people to trade their wares) Mutual Fund A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money market instruments, and/or other securities. (this seems in line with your plan. Take money from investors and use it to invest in other corporations. Those corporations pay you dividends that you use to repay your investors) I want you to have a good read on the differences between those two. I think the main confusion has been caused as you didn't understand exactly what you were trying to provide.
Morrning Starr	Posted - 2008.12.29 06:11:00 - [38] Edited by: Morrning Starr on 29/12/2008 06:14:22 Quote: How much do they pay?. The Corp dividend payments are based on the price of their stock. dividend per stock X 100% / stock Price = retun % per period X period = monthly % Quote: How often do they pay?. The corps listed pay dividends weekly, biweekly or monthly Quote: What is their dividend payment history?. All the corps currently listed have made all required dividend payments. Some times, not often, payments have been late as long as two days. Quote: How many shares does each have?. Party Corp 100 mil shares 200.99 isk per share , pays 1% dividends A Private Space Venture 4 mil shares 1500 isk per share pays 4% dividends The Colonial Forces 1 mil shares 1000 isk per share pays 5% dividends Star Caliber 1 mil shares 10000 isk per share pays 20% dividends 126 MP Co 1 mil Shares 600 isk per share pays 5% dividends Quote: Whats the value per share at time of issuance?. Value of the stock is set when the corp joins the exchange. The corp determines how much they would like to borrow and how much they can afford to pay in dividends. I can see the replies to this statement already. J Quote: Whats the current value per share?. The value of the shares remains constant as do the dividend payments , itÆs a bond issue from the corps listed. Quote: Are dividends retained as growth or dividended off to the stock exchange? The shares are sold to individuals thru the exchange. Dividends go directly from the listed corps to those individuals that purchased stocks. Quote: I do not know exactly how many shares I have sold. The only way to find that information at this point is to ask the CEOs to tell me how many shares they have in their possesion and how many belong to share holders. Quote: How have you actually done this? You sold J-SEX shares to players? You don't know how many? You don't know how many you have left? You don't know what price you sold the stocks for? You have shares but don't know how many? How much did you pay for each share in your stocks? To date how much has been repaid from each of these stocks? I have not sold any Jita Stock EXchange Stocks. I have sold stocks from the corps listed above. Hence we are not a mutual fund we are a stock exchange. I do like the idea of a mutual fund and will investigate it further as by the looks of it a mutual fund may be that unique service you mentioned earlier.
GPszith Gallente Gypsy Productions	Posted - 2008.12.29 15:48:00 - [39] Originally by: Ricdics Quote: I have learned that even though I have a good Idea Don't forget your idea has already been done by other people. I strongly suggest you spend some time reading up on EGSE and RESX and looking at ways you can improve on what they offer or find a unique product or service associated with your exchange. This makes a ton of sense. If you don't know what your competition is and how to offer a service that offers something better, why will people use your service? I think it's great that you want to participate. Your willingness to take criticism helps you. I'd rethink this from the very beginning, do a ton of research and come back in a few months with a far more developed plan. If you go forward with this plan you will not get any funding or participation. It would not hurt your cause to seek out a veteran of these forums and have them participate. They could help you manage risk, develop a name for yourself and post a more thought out, detailed plan. Best of luck -------------------------------------------------- -GPszith wtb a sig
TornSoul BIG Libertas Fidelitas	Posted - 2008.12.29 22:09:00 - [40] Morrning Starr if for nothing else I simply have to commend you on your consistent courteous replies to the raving bunch of lunatics here (although they are not as mad as they might look at first) that are malhandling you ("Can it swim? Let's toss it in the sea - Quickest and easiest way to find out"). I like to believe (true or not) that years ago (and I mean years ago) I, as you, reacted in the same manner. Those days are long over for me sadly - Today I shoot on sight instead (faster and easier around here) For all the "short commings" in your plan (as already ravingly pointed out), you sure are a wonderfull breath of fresh air in these forums. I hope you (and your manners) last a good long while Hell, it might even rub of on a few of us BIG Lottery
Amarr Citizen 155 Tleilex Developments Dara Cothrom	Posted - 2008.12.30 02:01:00 - [41] Originally by: TornSoul Morrning Starr if for nothing else I simply have to commend you on your consistent courteous replies to the raving bunch of lunatics here (although they are not as mad as they might look at first) that are malhandling you ("Can it swim? Let's toss it in the sea - Quickest and easiest way to find out"). I like to believe (true or not) that years ago (and I mean years ago) I, as you, reacted in the same manner. Those days are long over for me sadly - Today I shoot on sight instead (faster and easier around here) For all the "short commings" in your plan (as already ravingly pointed out), you sure are a wonderfull breath of fresh air in these forums. I hope you (and your manners) last a good long while Hell, it might even rub of on a few of us You amaze me. I don't understand you and your posts sometimes though. I don't think I'd call them short comings at all. He supposedly ran a stock exchange where no records were kept, people didn't pay dividends, he paid for the scams, he didn't understand what a stock exchange was and didn't do any research, he posted this same post in 3-4 different places(including the WTB and Sell forums)..... yeah I can see why you'd think we were being a bit hard on him. To Morrning starr, this is not an attack on you. We've already outlined the issues I just wanted to point them out to TornSoul since him seems to think we were being hard on you for no reason. 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.
Ricdics Tleilex Developments Dara Cothrom	Posted - 2008.12.30 02:54:00 - [42] I didn't know TS read anything that wasn't directly related to his own ventures on these forums.
Ray McCormack hirr	Posted - 2008.12.30 08:04:00 - [43] Originally by: Ricdics I didn't know TS read anything that wasn't directly related to his own ventures on these forums. At least he doesn't turn everything into a BMBE thread. [WTS] Tech II Component BPO Sets
Motivated Prophet Zerodot Schools	Posted - 2008.12.30 09:04:00 - [44] Originally by: TornSoul Hell, it might even rub of on a few of us You meant "off". /me shoots TornSoul on sight. MP -- Proud steward of 47 billion isk in public money, and counting. Ask me about mineral ~~compression~~expansion! WTF?
TornSoul BIG Libertas Fidelitas	Posted - 2008.12.31 06:51:00 - [45] Edited by: TornSoul on 31/12/2008 06:55:25 Originally by: Amarr Citizen 155 You amaze me. I don't understand you and your posts sometimes though. I don't think I'd call them short comings at all. <snip> yeah I can see why you'd think we were being a bit hard on him. <snip> I just wanted to point them out to TornSoul since him seems to think we were being hard on you for no reason. Ah, but I'm not questioning the message itself, merely the way it's delivered, that's all really. And was simply amazed (shocked even...) at the contrast between how Morrning Starr delivered his replies (consistently being courteous), and how I know I'd have... BIG Lottery
Hostility Incarnate	Posted - 2008.12.31 06:59:00 - [46] Originally by: TornSoul Ah, but I'm not questioning the message itself, merely the way it's delivered, that's all really. From my reading, everyone was quite polite to the OP until frustrated from his lack of comprehension/answers. Seemed to clear up rather quickly once people removed the kid gloves and started socking it to him. Moral of the story, taking TornSoul's advice, you'd have 15 pages of non-answers and an IPO that simply hasn't gone anywhere in 3 - 4 years. Of course one can see why TornSoul doesn't plug BMBE very often. The old saying goes, "if you don't have anything nice to say.... stfu." Perhaps we can assume his outlook actually is, "if you don't have anything useful to say, spit out something inane to make yourself look better than you really are".
TornSoul BIG Libertas Fidelitas	Posted - 2008.12.31 07:37:00 - [47] Edited by: TornSoul on 31/12/2008 07:37:33 Theres that hostility again. -shrug- Seemed to clear up rather quickly once people removed the kid gloves and started socking it to him. And still he remained courtous in his replies, while I personally (and several others in here) would have flown off the handle. That's really the only point I tried to make. It was an eye-opener to me personally (and imo a rare sight in here), and I felt like commending Morrning Starr for it. If you find that inane, fair enough. -shrug- BIG Lottery
Morrning Starr	Posted - 2009.02.17 05:10:00 - [48] Reserved
Morrning Starr	Posted - 2009.02.17 05:10:00 - [49] reserved
Morrning Starr	Posted - 2009.02.17 05:15:00 - [50] Thank you all for all the advise. I have been away for a bit but even in my absence the corps involved in my exchange still payed dividends on time and even one posted a very good explanation for their short comings on our mailing list. I have to reorganize the way i do business thats for sure, but its a testament that the corps that are involved are of good quality. I havce to devise reporting systems, and a better way to handle transactions. Any and all advise is welcomed, I still need help with a php web based solution to this "problem".
Ricdic Caldari	Posted - 2009.02.17 08:43:00 - [51] Originally by: Morrning Starr , but its a testament that the corps that are involved are of good quality. How do we know? They are doing good and paying dividends? We gave you all the advice in the world and you come back changing nothing 2 months later asking for more advice? I am trying to see you in a good light but every time you post again it makes me feel like you are a scammer due to the absolutely pitiful effort being put forward to actually improve the operation. What has changed in 2 months?

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