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Atima
Minmatar House of Marbles
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Posted - 2009.01.12 19:18:00 -
[1]
IPO Plan
ò Chapter 1 - Summary of Atima Industries ò Chapter 2 - Background on origins/idea/current business ò Chapter 3 - Corporate Governance ò Chapter 4 - The Business Plan (expanding) ò Chapter 5 - Full Disclosure of Risks
Chapter 1 - Summary of Atima Industries
Atima Industries is a business which deals in the sales of capital ship blueprints and the production of capital ship blueprint copies. We currently buy carrier and freighter blueprints for the purpose of reselling and also offer a service to sell on a blueprint owners behalf.
Currently 20bn of public ISK is held by Atima industries and we are requesting a further 40bn ISK for expansion which will be 80% secured by Kazuo.
Chapter 2 - Background on origins/idea/current business
I am currently running this as a solo operation and it has proven to be highly successful. Kazuo Ishiguro is providing 80% security over this offering and will continue to do so by locking down the BPOs which I will be using.
In the past I have ran two successful private IPOÆs one of which was focused around moon mining and reacting, the other which was involved in market manipulation, region wide refining and the dispersion of T2 products.
Atima Industries has been running for one month now with public ISK, dividends have been paid early and it is running as according to my predictions.
Chapter 3 - Corporate Governance
The majority of business decisions will be made by myself after discussion with shareholders if it is required, however decisions for future expansion will be left to a shareholders vote.
Chapter 4 - The Business Plan
The business will be focused around reinvestment for future development with minimum returns being paid for the first 3 months ( March ) after which I will put a vote to shareholders as to if they would like to continue maximum reinvestment or alternatively take higher payouts.
Assets will roughly follow this distribution:
80% BPO's which will be on continuous research, construction and copying
20% Liquid ISK which will be used to continue my reselling opportunities and provide a mineral float from which the capital ships will be built.
The BPO's will allow me to provide consistent minimum returns and provide security for the investors ISK while the other 20% will allow me to pursue much larger returns.
There will be a minimum return of 4% and a maximum return of 10% monthly. After 3 months a buyback will be in operation of 100% the initial price.
If at any time the decision is decided to close then all shares will be bought back at 105%
Expansion plan:
A further 32bn worth of BPOs will be purchased for the purpose of capital ship construction, my maths show I can pull a 15-25% return on this investment, 15% being a conservative figure.
Also 8bn will be raised and this will be needed for minerals to keep the operation working at 100% efficiency.
Xabier will be joining me with two of his alts to provide more construction slots than I currently have, this will be for approximately 2-3 months while I am skill training my alts for this purpose. He has a lot of experience in this field and IÆm sure I will be able to make great use of this, he has been extremely helpful so far.
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Atima
Minmatar House of Marbles
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Posted - 2009.01.12 19:19:00 -
[2]
Chapter 5 - Full Disclosure of Risks
What will happen if the IPO is not as successful as predicted?
As with all IPOÆs there is a risk of failure, however I have done my best to minimize these risks. With 80% invested into capital BPOÆs a significant return can be guaranteed by creating copies and construction.
Also if the very unlikely possibility of the failure arises I will liquidate all the assets and will be able to refund 100% of the investment.
So what if this is a scam?
I am using a reputable third party who will lock down the BPOÆs within his own corp hanger from where I will be able to build from, copy and research them. This covers 80% of the investment. For the other 20% of the investment I will have access to it, but in all honesty it would not be worth my time. Xabier will also have access to this but I highly doubt his reputation will be in question. An audit has been preformed and Kazuo will confirm that I have stuck to the business plan so far and that I am capable of extending it. Kazuo still has all of my API keys and will continue to do so for as long as I hold public ISK. Xabier has also permitted Kazuo to audit his characters if it is required.
It is also worth considering that if I only make my conservative estimate on returns and pay out 10% dividends I am still looking at a 5% return on the 60bn which is 3bn per month, I will have access to a maximum 12bn at any time which is only 4 months of my profit. I have already invested one month of my time into this project and I would not be willing to throw this all away.
What if im hit by a bus?
Im always careful while crossing a road, ensuring to look left and right several times and much prefer to use designated crossing areas, however if anything unfortunate does happen to me the full investment will be accessible by Kazuo who is holding the BPOÆs.
If anyone has any other issues I will be more than happy to update this list.
4000 shares will be available at the price of 10 million each.
The maximum investment will be 5bn for 48 hours after the launch to allow everyone a chance to invest this time, after which I will remove the investment cap for whatever is remaining.
Please do not send your ISK to me, Kazuo will be receiving it for security reasons.
Reservations
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Shar Tegral
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Posted - 2009.01.12 19:20:00 -
[3]
Originally by: Atima Chapter 3 - Corporate Governance
The majority of business decisions will be made by myself after discussion with shareholders if it is required, however decisions for future expansion will be left to a shareholders vote.
If Xabier and Kazuo are so involved, why are they not being considered as part of operational decision making process. |
Kazuo Ishiguro
House of Marbles Zzz
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Posted - 2009.01.12 19:21:00 -
[4]
I am, and so is he, I expect, but I think that was probably just a slip of the pen. |
Xabier
Amarr THE SORORITY
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Posted - 2009.01.12 19:23:00 -
[5]
Originally by: Kazuo Ishiguro I am, and so is he, I expect, but I think that was probably just a slip of the pen.
Confirming involvement.
Xabier |
Damien Jax
Industrial Research College Ltd
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Posted - 2009.01.12 19:28:00 -
[6]
Edited by: Damien Jax on 12/01/2009 19:27:59 Reserve 300mil worth |
Waseem
The Graduates Morsus Mihi
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Posted - 2009.01.12 19:29:00 -
[7]
When are you collecting ISK? When is the official start? Are the 48 hours ticking as of your post timer?
Pending these answers, I reserve five billion. |
Shar Tegral
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Posted - 2009.01.12 19:30:00 -
[8]
Originally by: Kazuo Ishiguro I am, and so is he, I expect, but I think that was probably just a slip of the pen.
Sorry wasn't trying to be pedantic there. Just figured we'd get the easy worries out the way first. |
Kazen
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Posted - 2009.01.12 19:30:00 -
[9]
Ill take 10 shares. |
Prisoner 42
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Posted - 2009.01.12 19:34:00 -
[10]
At the momment I can reserve 1 share. If this starts after Jan 20th I can probably reseve 9 more for a total of 10.
Thanx |
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Roarke Grasby
Gallente University of Caille
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Posted - 2009.01.12 19:35:00 -
[11]
I would like to reserve 50 shares (500m isk). |
Scion Lex
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Posted - 2009.01.12 19:36:00 -
[12]
10 shares pls. |
Astarte Nosferatu
Minmatar Sebiestor tribe
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Posted - 2009.01.12 19:43:00 -
[13]
So uhm, you got me confused. In your previous thread you said any decisions regarding future expansions would be subject to shareholder vote. Today you are implementing a 40bil expansion without a shareholder vote if I'm not mistaken.
How will this expansion affect the dividend of the shares purchased in December? What's the NAV and ROI like?
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cosmoray
Cosmoray Construction
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Posted - 2009.01.12 19:49:00 -
[14]
A few comments:
1. I do get a bit squemish when a successful IPO becomes a huge expansion without even making 1 full month of divs. On the plus side you do have good people involved.
Will the expansion have any dilution effects on dividends. i.e. if I chose not to invest?
2. Now you do have a nice business plan, but I have one problem with your operations; You have run this as a business (IPO) which means the rewards to the shareholder are variable. So far you have sent out a mini-statement saying profits are good and forwarded a dividend.
Now you have chosen NOT to make this business transparent. Are you planning on providing a monthly report like most IPO's which detail sales/profit/dividends etc.
To my eye it looks like you made more than 4% profit in your 2 weeks already but you paid out the minimum dividends?
I would like a comment about the report and how you came up with the dividends? If you only intend to pay 4% per month then this is a bond, and should have been advertised as such. Seeing as Ray is at 4.5% you shouldn't have been able to secure financing at 4%, even with auditors.
I am concerned to invest until at least I see the quality of reporting and the final payment of dividends and how they were calculated at the end of the FIRST month.
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Atima
Minmatar House of Marbles
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Posted - 2009.01.12 19:49:00 -
[15]
Once all shares have been reserved it will be put to a shareholder vote to create the shares, however i have talked to most major investors about this and it seems the vote will go ahead.
This will be increasing the ROI as capital production offers significantly higher returns than my current activities. The 4% returns will continue for 3 months from the initial launch, two months remaining after which returns of up to 10% will be issued. |
Atima
Minmatar House of Marbles
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Posted - 2009.01.12 19:56:00 -
[16]
Originally by: cosmoray A few comments:
1. I do get a bit squemish when a successful IPO becomes a huge expansion without even making 1 full month of divs. On the plus side you do have good people involved.
Will the expansion have any dilution effects on dividends. i.e. if I chose not to invest?
There will be no dilution effect on dividends, if anything you will now see higher dividends as capital production is providing larger returns
2. Now you do have a nice business plan, but I have one problem with your operations; You have run this as a business (IPO) which means the rewards to the shareholder are variable. So far you have sent out a mini-statement saying profits are good and forwarded a dividend.
Now you have chosen NOT to make this business transparent. Are you planning on providing a monthly report like most IPO's which detail sales/profit/dividends etc.
I will continue to provide mini-statements which will be confirmed by Kaz/Xabier. If you have any issues about transparency contact me in game and i am willing to talk it through with you.
To my eye it looks like you made more than 4% profit in your 2 weeks already but you paid out the minimum dividends?
I would like a comment about the report and how you came up with the dividends? If you only intend to pay 4% per month then this is a bond, and should have been advertised as such. Seeing as Ray is at 4.5% you shouldn't have been able to secure financing at 4%, even with auditors.
I am concerned to invest until at least I see the quality of reporting and the final payment of dividends and how they were calculated at the end of the FIRST month.
In the initial offering i stated that the minimum dividend would be paid for 3 months while the profits would be used for reinvestment. After this three month period all profits up to a 10% return on the initial investment will be paid. Anything after this 10% will be used as i see fit.
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cosmoray
Cosmoray Construction
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Posted - 2009.01.12 20:00:00 -
[17]
From my maths (state if wrong), you showed a profit of 1.5B on your 4B floating pot. The secured section showed no increase.
1.5/20 x 100 = 7.5% profit (in 2 weeks)
At this progress you should pay max 10% at end of month.
Sorry how and when did you decide only to pay the minimum dividends when you are making more than this?
I checked the IPO document, and don't see it. No management fee, nope nothing?
Are you an IPO or a bond? If your an IPO you share the profits according to IPO document upto max.
You have started your business well, but your asking for 100% expansion and haven't even sent out ONE report.
Business partners comments? Happy about divs? Xabier you happy Atima has 4% bond when you pay 8% with better rep?
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Astarte Nosferatu
Minmatar Sebiestor tribe
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Posted - 2009.01.12 20:02:00 -
[18]
Edited by: Astarte Nosferatu on 12/01/2009 20:05:37
Originally by: cosmoray
Sorry how and when did you decide only to pay the minimum dividends when you are making more than this?
I checked the IPO document, and don't see it. No management fee, nope nothing?
I found it cosmo:
Originally by: December IPO Document
Chapter 4 - The Business Plan
The business will be focused around reinvestment for future development with minimum returns being paid for the first 3 months after which I will put a vote to shareholders as to if they would like to continue maximum reinvestment or alternatively take higher payouts.
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null lifter
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Posted - 2009.01.12 20:04:00 -
[19]
I will take 20 shares.
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cosmoray
Cosmoray Construction
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Posted - 2009.01.12 20:05:00 -
[20]
Originally by: Atima There will be a minimum return of 4% and a maximum return of 10% monthly. After 3 months a buyback will be in operation of 100% the initial price.
It doesn't say you will pay 4% for 3 months. It says there is a min and max of 4-10%
See above quote from the original IPO.
The only point about 3 months is that after 3 months you offer a buyback
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Atima
Minmatar House of Marbles
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Posted - 2009.01.12 20:06:00 -
[21]
The business will be focused around reinvestment for future development with minimum returns being paid for the first 3 months after which I will put a vote to shareholders as to if they would like to continue maximum reinvestment or alternatively take higher payouts.
This is taken from chapter 4 of the original business plan, im sorry that you were not aware of this, i hope this clears things up for you.
As for management fee, there is none currently except my time code expenses which come under the costs.
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Kw1jybo
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Posted - 2009.01.12 20:09:00 -
[22]
i'll take 5 shares (50m).
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Xabier
Amarr THE SORORITY
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Posted - 2009.01.12 20:10:00 -
[23]
Originally by: cosmoray
Business partners comments? Happy about divs? Xabier you happy Atima has 4% bond when you pay 8% with better rep?
My bonds are in process of maturing at the moment and aren't being reissued so doesn't really bother me greatly, personally though I can fully understand why Atima would want to pay out as little as possible whilst staying within the bounds of his original IPO.
As for Ray's bonds your right there however his bonds sold very quickly and are also maturing before too long so its not exactly a fair comparison.
As this is structured as an IPO I think it should only be compared with recent IPO's rather then some of the older bonds, even comparing it to your own IPO isn't a fair comparison as the market was different when you launched yours.
Xabier Dynasty Investments Manager
Xabiers Capital Bond #1/2 (FINISHED) Xabiers Capital Bond #3/4 |
cosmoray
Cosmoray Construction
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Posted - 2009.01.12 20:11:00 -
[24]
Ok, fair enough.
But my statement above shows you made it misleading.
I now think you got your investment too cheap. If you decide to close up after 3 months it becomes a very cheap bond.
You really need to make the point that THIS IS NOT an IPO, but a bond with escalating payments nearer the end of the bond life.
I also want to see the vote before you make the reservations. History has shown bad things when they start getting ahead of themselves or straying from template!
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Atima
Minmatar House of Marbles
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Posted - 2009.01.12 20:13:00 -
[25]
Originally by: Waseem When are you collecting ISK? When is the official start? Are the 48 hours ticking as of your post timer?
Pending these answers, I reserve five billion.
ISK will be collected after a full reservation has been made, Yes the timer is ticking as of the post time.
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MyHonIa
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Posted - 2009.01.12 20:13:00 -
[26]
I'll take 100 shares please
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Atima
Minmatar House of Marbles
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Posted - 2009.01.12 20:16:00 -
[27]
It was not intended to be misleading cosmo, if you are truely unhappy i am willing to buy out all your shares at 105% of their purchase price.
As for it not being an IPO, ricdic pointed out in the first thread that it was somewhat of a mixture between a bond an IPO.
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Vync
Caldari Sex Education
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Posted - 2009.01.12 20:30:00 -
[28]
I'll reserve 200 shares
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Eisstar
Gallente Bluestar Enterprises The Craftsmen
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Posted - 2009.01.12 20:47:00 -
[29]
I`ll take 20 Shares
Iskis send in an Our! Greetings
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Hillesumos
Minmatar Destructive Influence Band of Brothers
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Posted - 2009.01.12 20:56:00 -
[30]
20 shares for me pls |
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