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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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Rho'varo
Minmatar
Diversified Operational Services
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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
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Ricdics
Tleilex Developments
Dara Cothrom
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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
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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.
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Morrning Starr
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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
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Ricdics
Tleilex Developments
Dara Cothrom
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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
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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
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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
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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.
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GPszith
Gallente
Gypsy Productions
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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
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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
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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.
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Ricdics
Tleilex Developments
Dara Cothrom
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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
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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.
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Motivated Prophet
Zerodot Schools
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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 compressionexpansion! WTF? |
TornSoul
BIG
Libertas Fidelitas
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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
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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
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Posted - 2009.02.17 05:10:00 -
[48]
Reserved
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Morrning Starr
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Posted - 2009.02.17 05:10:00 -
[49]
reserved
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Morrning Starr
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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".
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Ricdic
Caldari
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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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