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YDIW Seeking 10b investment for ship / equipment replacement programme

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Vistilantus Caldari You're Doing It Wrong	Posted - 2009.01.13 12:22:00 - [1] Pirate Corporation ôYouÆre Doing It Wrongö are seeking 10B ISK in shares to continue our current piracy operations and ease the logistical nightmare involved when ships are lost. These funds will be used to purchase ships, modules, ammunition and other shiply items that are required for our chosen profession. This equipment will then be sold to corp members at +20% of cost price. This will allow us to secure the isk invested with a margin for profit for those who have invested. We are looking for investors interested in a long term (6-12 month) investment, not people looking for a massive return within a short period. You will only make money if we lose ships ^_^ The organization currently consists of almost 50 pilots, roughly 30 of which are active on a daily basis. The CEO, Lord Tyman has appointed Mukraker Li, Beardponderer and Myself as Co-CEOÆs and as such, we have total, director level, access. These 4 characters are the only players who have access to the corp wallets and the hangers where the equipment will be stored. We expect the corporation to grow slowly in the coming months, We have strict entry requirements and as such, do not allow "anybodies" into the corporation. We operate in the Lonetrek region of the EvE Universe and partake in many different activites such as : Mission Busting, Gate Camping, Gate Camp Busting, Roaming and Random PvP Encounters. Additional activities include ransoming victims (we ALWAYS honour our ransoms, if you pay, we leave, simple. No IfÆs, No ButÆs we value our honour), selling loot to corp mates or moving loot onto the market to sell to bring in some extra income. We have approximately a 70-75% ISK efficiency and hope that with more equipment "to hand" we can increase that to 75-85% due to less "down time" with our pilots having to fly-in ships and equipment from empire. There are 499 shares being offered, each at a value of 20M ISK, for a total of 10B ISK. 20% of monthly inter-corporation sales of equipment will be paid on the last day of each month and will be split evenly over all shares. The corporation will retain 501 shares and will take 50.1% of the total profit to be used for re-investment and further purchases. The remaining 49.9% will be paid out to shareholder. If you are interested in investing please list the amount you would like to purchase on this board and that amount will be reserved in your name. Please do not send any ISK when you reserve shares until your reservation has been confirmed. Once your shares have been reserved and confirmed by eve-mail, you will have 24 hours to send ISK or forfeit your reservation. Summary: Total Shares Available: 1000 Shares Available To Public: 499 Cost per Shared: 20M ISK ISK generated: 9.9B ISK ROI: 20% of sales of equipment to corp members which will be paid out at the end of each month. Offer expiration/activation: Sunday, February 1st, 2009 1st payment: Saturday, Feb 28th, 2009 2nd and subsequent payments: The Last Day Of Each Month AUDITING : YouÆre Doing It Wrong is more than happy for audits to be carried out and to be made public. Any kills/losses we have will be posted on our public killboard (kills / losses are automatically pulled using the KB's API Tool usualyl once per day). We will be willing to disclose the current state of business at all times and requests can be made to any of the 4 players mentioned earlier. Selling Up : Investors are entitled to withdraw their ISK at any time, we require a minimum of 14 days notice for withdrawls and the investor will forfeit their payment for that month. We aim to keep all investors ôon boardö for the rest of our playing career and wish to have a successful and fulfilling future workign together.
Vistilantus Caldari You're Doing It Wrong	Posted - 2009.01.13 12:23:00 - [2] Edited by: Vistilantus on 13/01/2009 12:33:49 Edited by: Vistilantus on 13/01/2009 12:25:30 If we need to end the business prematurely for any reason, we will liquidate all assets and pay out dividends until all available ISK is returned to the investors though we do not expect to stop playing until CCP switch off the servers. RISKS All investing is subject to risk. Investments in shares are subject to various risks. Primary Risks An investment in this could be hurt by: Scamming Risk, which is the risk that we could just take the ISK and run. Mitigation: This is always a possibility, You are responsible to a degree for judging our intent from this document, all of our posting histories and how we, as a corp, respond to questions posed and measuring that information against this perceived risk and the rewards. As we all intend to play this game until they close the servers and expect at some point to need to raise capital for future projects, it is our opinion that 10B ISK is not worth throwing away a lifetimes achievements and future goals. How often will you communicate with your investor base? A: We are happy to communicate with you at your leisure. We will be updating this thread at least monthly with dividend payment updates, and probably checking in more frequently than that. Do you expect or encourage people to trade the shares? People are free to re-sell their shares if they wish to, but we would urge them to contact us first so that we may have the opportunity to purchase them back. Where is your killboard? http://www.quickfixcomputers.com/killboard - It auto parses kills/losses usually once per day using the KB's API Tool. other than your word, what's there to stop any (or all) of the four people with access to the corp wallets to just pull a heist and be done with it ? Unfortunately, there are no game mechanics in place to prevent such a heist taking place, I wish there were, it would make this sort of thing much easier and safer for all involved. Hopefully by having each player involved having access to a small percentage of the isk (about 30% tops if my math doesn't fail me too much) will make this less likely to occur. But I am afraid there are no 100% guarantees. Would you be prepared to create an alt with certain corporation roles, then provide the limited API key for that character to all investors? I'm not sure what roles or API information are best, but it might be a good way for investors to track kill reports, spending and so on. It would also automate the reporting process somewhat. Yes, we would be happy to create an alt on one of our accounts with full director API access and provide this characters key so that investors can monitor our progress. When i get a chance to get back in game, YDIW will be atively seeking out partners to help us get the best possible price for any ships and equipment that we will be purchasing, if you can help us with that, please get in touch.
Vistilantus Caldari You're Doing It Wrong	Posted - 2009.01.13 12:24:00 - [3] Edited by: Vistilantus on 13/01/2009 12:29:44 This is a revision of our earlier attempt to raise capital to help our corp operate that little bit better. We feel that by lowering the amount of isk asked for, not only lowers the risk to investors but may make it more atractive to people looking for long term - lower risk investments. Please post any questions here, i will do my best to answer them when i can. Current Status - AT WORK, RESPONSE MAY BE DELAYED IPO STATUS - Total Corp Shares - 1,000 Available For Sale To Public - 499 Reserved - 0
Lord Zoran House of Tempers	Posted - 2009.01.13 12:30:00 - [4] too risky for me and get an audit done for starters, i'm sure other ppl will be here to rip you apart soon enough
Ricdics Tleilex Developments Dara Cothrom	Posted - 2009.01.13 12:43:00 - [5] You're Doing It Wrong
Vistilantus Caldari You're Doing It Wrong	Posted - 2009.01.13 12:45:00 - [6] Originally by: Ricdics You're Doing It Wrong Hopefully that's just for the luls? If i`m really doing something wrong, please help :(
Nebuchadnezzar I Art of War Exalted.	Posted - 2009.01.13 12:45:00 - [7] I fail to see what an audit would add of information in this case. It is a nice idea, but the risk far outweighs the reward. If you are serious about this and it is not just a scam, i think you'd have better success cutting a deal with a trader/producer, involving giving that corp/person the right to directly sell you stuff at 20% markup at wherever you are based, as opposed to you wanting control with all the stuff.
Vistilantus Caldari You're Doing It Wrong	Posted - 2009.01.13 12:51:00 - [8] Originally by: Nebuchadnezzar I I fail to see what an audit would add of information in this case. It is a nice idea, but the risk far outweighs the reward. If you are serious about this and it is not just a scam, i think you'd have better success cutting a deal with a trader/producer, involving giving that corp/person the right to directly sell you stuff at 20% markup at wherever you are based, as opposed to you wanting control with all the stuff. I can see where you're coming from, and i also see how it would probably be easier to try and cut a deal with a producer in this instance. Giving me something to think about here. I'm not sure if we would be able to afford to purchase a load of ships and mods up front at the moment which is why i was hoping to raise some cash from other people. might have a look at who's offering loans atm....
Nebuchadnezzar I Art of War Exalted.	Posted - 2009.01.13 13:04:00 - [9] Or find someone whos on alot and willing to place an alt there. Upside is you'd have no hauling to do whatsoever. Downside is that there could be a wait for trade/contract to go up after you lose stuff obviously. Also the question if you can find someone willing to do it for 20%, i'd think yes, but hard to say.
Xabier Amarr THE SORORITY	Posted - 2009.01.13 13:09:00 - [10] The only way your going to get any investment is if someone else is holding the funds and handling your replacement program. Dynasty Investments Manager Xabiers Capital Bond #1/2 (FINISHED) Xabiers Capital Bond #3/4
Ricdics Tleilex Developments Dara Cothrom	Posted - 2009.01.13 13:10:00 - [11] You are attempting to raise money from carebears. Most carebears are anti-piracy and some hate them with a vengeance. Why don't you post your offer on the SHC forums instead? Or maybe even C&P? I would love to know how you could possibly need 10b to support a fleet of 50 pilots replacements. Just buy a few of each ship from Jita (basically inches above build cost) and replace them as you go. Dreads and carriers will be a little harder but having them in stock waiting for destruction is idle capital (ie bad) anyway.
Damien Jax Industrial Research College Ltd	Posted - 2009.01.13 13:20:00 - [12] If you're not generating enough money doing your piracy activities to replace ships on your own, how can we expect that you'll make enough to pay us interest plus the principle?
MilowFV Echo Heavy Industries	Posted - 2009.01.13 14:43:00 - [13] I don't care if your blowing up carebears or what not. My problem would be a pirate corp just running with the ISK and getting a few laughs out of getting investor to give the crop ISK in the first place. At 20 percent mark up I bet you could find someone to build the ship and contract them to your corp or something similar.
Kazzac Elentria	Posted - 2009.01.13 14:45:00 - [14] yeah... definitely doing it wrong
Golanbat	Posted - 2009.01.13 14:50:00 - [15] If this offering does not work out for you, Vistilantus, I would like to talk to you about alternative means of supply. @ 20% markup (negotiable), I will be happy to take care of your t2 module needs (cannot help with ships atm). You make a list of what you need each week, and I will deliver to any low sec station you need the items at. If this interests you, contact me in game.
Ambo State Protectorate	Posted - 2009.01.13 15:05:00 - [16] Originally by: Damien Jax If you're not generating enough money doing your piracy activities to replace ships on your own, how can we expect that you'll make enough to pay us interest plus the principle? This. From a business plan point-of-view, this investment simply makes no sense imo. Either you'd be good enough that replacement of ships is not an issue or I'd be unlikley to see my money again. That's ignoring the fact that you are ebil piwats who, as a group, don't exactly have the best reputation.
Drakus Minmatar Einherjar Rising Cry Havoc.	Posted - 2009.01.13 15:34:00 - [17] why has no one asked the "why is your corp worth 20b?" question yet? IF your asking for 10b, and your keeping 50% of the shares for yourselves, then that means you value your corp at 20b... I think your best bet is to go with a producer or hire a freighter pilot to haul/sell stuff at your HQ station... or even train up an alt to do that... i'd think that a respectable pirate corp would have atleast 1 or 2 out of corp haulers, because you obviously bring stuff out of where you are... You'll never get investments from anyone here :) If they don't like low-sec pos chains due to the risk, I don't think they'd finance you folks :)
Bad Bobby Ugly Toys Zzz	Posted - 2009.01.13 15:39:00 - [18] As someone who has been providing the logistics and resupply for a pirate corp for a long time, I understand what you are trying to achieve. However, I think you are taking the wrong approach. Originally by: Xabier The only way your going to get any investment is if someone else is holding the funds and handling your replacement program. Without a "trusted" person onboard to provide a measure of security, you are going to have extreme difficulty getting this one to fly as an investment. I'm not saying it's impossible, but it's going to be a lot harder than it needs to be. But you have to ask yourself, is investment the thing you really need here? Originally by: Vistilantus to continue our current piracy operations and ease the logistical nightmare involved when ships are lost I think what you really need is to outsource the whole logistics scenario to someone who has experience in the field. Essentially, you have a problem that you would like to go away. You need to bring in someone who can make that happen. Give up on this investment nonsense and come to Bobby. You know it makes sense.
nether void Caldari Shrapnel Industries	Posted - 2009.01.13 16:16:00 - [19] If I were you, I'd recruit some industrial types. They build ships for you, and you guys buy them at 20% profit. Then you could even custom order stuff. And you could run protection ops for the dudes when they need to resupply from empire or something. --------------------
Izodel	Posted - 2009.01.13 18:40:00 - [20] Form either a real or an artificial alliance with one or a handful of industrial corporations. Offer them and their members immediate, total protection from all of your current activities, and as a bonus I'd recommend a certain number of months after your contract. Include clauses where you act as their military in the event of a war declaration against them. Then inform that corporation that will you buy from them at 10% markup what you order. Immediately order replacement stock for everything you own. Repeat as destroyed. I understand pirates might want to avoid such legitimate business dealings, but if you keep all the talk of contracting and corporations to boardrooms, then we, as your victims, are unlikely to know the difference. :) But it strikes me very solidly that the kind of business idea I have suggested to you is one way you and your mates might rise from the level of petty thieves to the great big red writhing mass of feared 0.0 chaos-dwelling fiends, if you catch my inflected meaning. :) For what it is worth I am impressed at your above attempt. :) Best of luck to you.
Kazzac Elentria	Posted - 2009.01.13 19:17:00 - [21] The above is the best solution. All to often many pirate corps expect industrial outfits to just give them what they want at jita cost. It doesn't work that way, our time is valuable as well, and if you want custom deliveries on time every time, then you'll be paying a premium. If not, get an alt and a badger cause you can do the shopping and moving yourself.
Vistilantus Caldari You're Doing It Wrong	Posted - 2009.01.13 20:18:00 - [22] Thank you everyone for your input on this, it seems that yes, i am doing it wrong. Outsourcing the production / logistics seems to be the way to go in order to achieve what we wish to achieve. Thank you to the producers who have posted here, i will try to contact each of you when i get a chance. I`ll have limited access to internets over the next few days due to work sending me to remote scottish islands, but nevermind. Look forward to doing business with someone soonÖ
Shar Tegral	Posted - 2009.01.13 20:39:00 - [23] Originally by: Vistilantus Outsourcing the production / logistics seems to be the way to go in order to achieve what we wish to achieve. This is a smart move mate. Going with the IPO and everything would simply be taking, on your shoulders, a side of the game that most pvp'ers couldn't be bothered with. Or as I say, "Have the sweepers, sweep. The bean counters, count. And by god, let the shooters, shoot!"
Athre Minmatar The Higher Standard	Posted - 2009.01.13 22:37:00 - [24] Originally by: Bad Bobby Give up on this investment nonsense and come to Bobby. You know it makes sense. Nice sales tag :) Pirate resupplier - Bad Bobby, you know it makes sense(cents)
Ricdic Caldari	Posted - 2009.01.14 00:53:00 - [25] Edited by: Ricdic on 14/01/2009 00:53:42 hehe told you You're Doing It Wrong :) Perfectly named corporation for this situation. Good luck with your ventures (unless you kill me or my alts in which case $@#!$ !@# @#@! #@ $!@%@ # #!#!$ @#$!$ @#!$$$ %%@!)

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