Block Ships and Ammunitions Corporation (BSAC)
August 2007 Report
BSAC Preferred Stock performed reasonable well considering I was out for three weeks in August. There was only one dividend distribution to the owners of Preferred Stock. Mineral prices were updated and an inventory on the Manufacturing division was performed at the end of the month, which resulted in a net share price increase of 74.52 ISK per share. Sales margins were 35.22% while total return on investment was 6.13% for the month of August.
The Mineral Reserve had a substantial drop in sales this month while sales margins (19.62%) remained strong, surpassing last month margins. Overall return on investment for the month of August was 3.28%. Due to changes in the mineral market, the Mineral Reserve will release 2 B worth of shares during the month of September. Shares will become available Sep 3rd, 2007.
Lack of significant profits in the Capital Ships Fund can be attributed to my absence and the failure to build a Phoenix this month. Our third Obelisk sold for a 0.64% return on investment. The change in ROI is due to the Phase 2 expansion. On September 6, our first Charon will come out of the factory. The researched (ME 1) Obelisk BPO will return to the factory very soon, and we hope to increase production output to four freighters a month. Phoenix construction will commence next week. BSAC Preferred Stock Shares
Share Price: 37,427.51 [+ 3.50%]
Dividends (per share)
Since Inception (3/01/2007) 7,427.51 BSAC Common Stock SharesMineral Reserve
Share Price: 1,000.00
Distributions (total shares)
Since Inception (1/12/2007) 1,229, 538Block Ships and Ammunitions SharesBSAC Capital Ships Fund
Share Price: 10,000.00
Since Inception (5/14/2007) 544,545,560Available Shares
2,000,000 BSAC Common Stock Shares (Mineral Reserve), Sep 3-17
7,000 Block Ships and Ammunitions Shares (BSAC CSF)NAV