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Tre Circuit
Posted - 2010.04.26 20:43:00 - [1501]
 

I will take 1,000 share as well please.

Ray McCormack
Nordar Innovations.
Posted - 2010.04.26 21:05:00 - [1502]
 

Quote:
Shar Tegral (AKA Hawkblade)
Proton Power (AKA Evalf)
Amarr Citizen 155 (AKA Hot Sexy Hick)
Kazzac Elentria

Can you confirm this from your OP as the current list of trustees?

Also, what was their (or the current trustees') reaction time to the new vote? Considering a 24h vote could unlock all BPOs, this is quite a vital role on their part, no?

Kapila Parthalan
Posted - 2010.04.26 21:21:00 - [1503]
 

I will buy another 4,000 shares (4b).

Titans 4U
Titans For You
Posted - 2010.04.26 21:21:00 - [1504]
 

Edited by: Titans 4U on 27/04/2010 13:24:21


1000 eXistentiA - Accepted, Paid, Sent
10000 Bad Bobby - Accepted, Paid, Sent
4000 Companion Qube - Accepted, Paid, Sent
7500 Emmgel - Accepted, Paid, Sent
1500 Kithran - Accepted, Paid, Sent
2000 Lord Schmock - Accepted, Paid, Sent
1000 Bert Rebus - Accepted, Paid, Sent
500 Promethian Child - Accepted
1500 Terrare Vordai - Accepted, Paid, Sent
1000 Hel O'Ween - Accepted, Paid, Sent
1500 max ikabon - Accepted, Paid, Sent
1500 Martosh Toma - Accepted, Paid, Sent
500 GX307 - Accepted, Paid, Sent
3500 Azrel - Accepted, Paid, Sent
500 Kelltick - Accepted, Paid, Sent
2000 Pierced Brosmen - Accepted, Paid, Sent
1000 Bob Rockbreaker - Accepted, Paid, Sent
2000 Breaker77 - Accepted, Paid, Sent
1000 tre introv - Accepted, Paid, Sent
1000 Gareth Montesque - Accepted, Paid, Sent
500 Dafydd ab'Rhys - Accepted
2000 Cpt Steo - Accepted, Paid, Sent
500 Rojo Ocho - Accepted
2000 Oxigun - Accepted, Paid, Sent
2300 Jadun - Accepted, Paid, Sent
1000 Marbo Slyder - Accepted, Paid, Sent
1000 Magnu Stormhawk - Accepted, Paid, Sent
500 GavinCapacitor - Accepted, Paid, Sent
500 jwingenderowns - Accepted, Paid, Sent
2000 Emnity Preston - Accepted, Paid, Sent
1100 Ballet - Accepted, Paid, Sent
1000 Estella Vance - Accepted, Paid, Sent
1000 Kiree Chancel - Accepted, Paid, Sent
2200 Phoebe Halliwel - Accepted, Paid, Sent
500 Viilaa - Accepted, Paid, Sent
500 Psy Te'r - Accepted
1000 shogon waldron - Accepted, Paid, Sent
1000 Tre Circuit - Accepted
4000 Kapila Parthalan - Accepted, Paid, Sent
900 CrazyArsed Monkey - Accepted

Total Shares: 70000
Total Accepted: 70000
Total Paid: 66600
Total Sent: 66600

Titans 4U
Titans For You
Posted - 2010.04.26 21:46:00 - [1505]
 

Originally by: Ray McCormack
Quote:
Shar Tegral (AKA Hawkblade)
Proton Power (AKA Evalf)
Amarr Citizen 155 (AKA Hot Sexy Hick)
Kazzac Elentria

Can you confirm this from your OP as the current list of trustees?

Current trustees are:

Shar Tegral (AKA Hawkblade)
Proton Power (AKA Evalf)
Amarr Citizen 155
Kazzac Elentria
Cosmoray
Originally by: Ray McCormack
Also, what was their (or the current trustees') reaction time to the new vote? Considering a 24h vote could unlock all BPOs, this is quite a vital role on their part, no?


Proton Power responded immediately with a post in this thread. AC155 knew about the vote ahead of time. Kazzac hasn't been available much of late, which is why we added Cosmoray to the list of truestees. I don't believe Cosmoray has shares in T4U so he wouldn't have seen the vote and the last I heard he was on holiday and sunning himself poolside. I convo'd Shar during the vote, I believe he was aware of it prior to the convo but I can't be certain.


Rojo Ocho
Posted - 2010.04.26 22:02:00 - [1506]
 

ISK sent

Titans 4U
Titans For You
Posted - 2010.04.26 22:30:00 - [1507]
 

Updated

900 shares still available (for existing shareholders only).

Price is 1m per share. Minimum purchase 500 shares (500m).

Kapila Parthalan
Posted - 2010.04.26 22:35:00 - [1508]
 

Transferred 4B ISK to Titans 4U for 4000 shares in Titans For You.

Breaker77
Gallente
Reclamation Industries
Posted - 2010.04.26 22:46:00 - [1509]
 

Originally by: Ray McCormack
Quote:
Shar Tegral (AKA Hawkblade)
Proton Power (AKA Evalf)
Amarr Citizen 155 (AKA Hot Sexy Hick)
Kazzac Elentria

Can you confirm this from your OP as the current list of trustees?

Also, what was their (or the current trustees') reaction time to the new vote? Considering a 24h vote could unlock all BPOs, this is quite a vital role on their part, no?



Hopefully Bobby can answer this better than me...

The shareholder vote went out to anyone with titans 4u shares. Isn't the shell corp for the lock/unlock votes a different set of shares?? So if they didn't own Titans 4u shares they would not have received it??

If it isn't that way, then any titans 4u shareholders would be aware of the unlock votes and the BoD would be meaningless.

Amirite??

Cpt Steo
Posted - 2010.04.26 23:11:00 - [1510]
 

2b sent.

Thanks Steo

Kapila Parthalan
Posted - 2010.04.27 00:07:00 - [1511]
 

Confirming receipt of 4000 shares in Titans For You for 4B ISK.

Titans 4U
Titans For You
Posted - 2010.04.27 05:10:00 - [1512]
 

Originally by: Breaker77
Hopefully Bobby can answer this better than me...

The shareholder vote went out to anyone with titans 4u shares. Isn't the shell corp for the lock/unlock votes a different set of shares?? So if they didn't own Titans 4u shares they would not have received it??

If it isn't that way, then any titans 4u shareholders would be aware of the unlock votes and the BoD would be meaningless.

Amirite??

The short answer is: Yes, youarerite.

The long answer is: Some of the BoD have T4U shares as well as SuperSekrit shares, this was covered in my response to Ray...
Originally by: Titans 4U
Proton Power responded immediately with a post in this thread. AC155 knew about the vote ahead of time. Kazzac hasn't been available much of late, which is why we added Cosmoray to the list of truestees. I don't believe Cosmoray has shares in T4U so he wouldn't have seen the vote and the last I heard he was on holiday and sunning himself poolside. I convo'd Shar during the vote, I believe he was aware of it prior to the convo but I can't be certain.

...also the SuperSekrit corp isn't a shell corp, it's the real corp, Titans For You is the shell corp.

The BoD is primarily there to provide liquidation services in the event of burnout or hit-by-a-bus etc. Their ability to prevent me from scamming the IPO is somewhat limited. If you do not trust me with your isk, do not invest.

Titans 4U
Titans For You
Posted - 2010.04.27 05:52:00 - [1513]
 

List updated!

900 shares still available!

Price is 1m per share. Minimum purchase 500 shares (500m). Existing shareholders only.

cosmoray
Perkone
Posted - 2010.04.27 05:52:00 - [1514]
 

Got back today (off again tomorrow).

I can confirm I have an ALT in the corp, which has a director role.
I do not own shares in the ALT corp, and therefore can't vote on lockdown/unlock.
I also don't own shares in Titans4U, so won't see any share expansion vote.

My only function is to help liquidate if something happens.

In this expansion BB will have access to the cash until he requests lockdown vote of the BPO. I can confirm that the other Titan BPO's are currently being copied and are locked down.

Ray McCormack
Nordar Innovations.
Posted - 2010.04.27 05:53:00 - [1515]
 

Originally by: Titans 4U
The BoD is primarily there to provide liquidation services in the event of burnout or hit-by-a-bus etc. Their ability to prevent me from scamming the IPO is somewhat limited. If you do not trust me with your isk, do not invest.

Not exactly what was discussed when I asked that question and you responded.
Has the role changed now since you set it?

Irrational Exuberance.

Titans 4U
Titans For You
Posted - 2010.04.27 06:07:00 - [1516]
 

Originally by: Ray McCormack
Originally by: Titans 4U
The BoD is primarily there to provide liquidation services in the event of burnout or hit-by-a-bus etc. Their ability to prevent me from scamming the IPO is somewhat limited. If you do not trust me with your isk, do not invest.

Not exactly what was discussed when I asked that question and you responded.
Has the role changed now since you set it?


My response being this:

Originally by: Bad Bobby
I can only make use of the tools CCP give me, the lockdown vote system may be limited and generally poor but that is all I really have to work with.

At least you only need two of the four trustees to be paying attention to stop me from unlocking the BPOs and disappearing with them.

Have you any suggestions to improve the security and prevent these issues?


We discussed what the Trustees can and cannot provide at length. The weaknesses in the lockdown system have been discussed openly.

I've done the best I can to provide security for my shareholders. But it all comes down to this: If you do not trust me with your isk, do not invest.

Companion Trollin
You are going too fast
Posted - 2010.04.27 06:42:00 - [1517]
 

Originally by: Ray McCormack
Originally by: Titans 4U
The BoD is primarily there to provide liquidation services in the event of burnout or hit-by-a-bus etc. Their ability to prevent me from scamming the IPO is somewhat limited. If you do not trust me with your isk, do not invest.

Not exactly what was discussed when I asked that question and you responded.
Has the role changed now since you set it?

Irrational Exuberance.


Would you mind going back to being irrelevant? You're starting to look butt-hurt in here.

Ray McCormack
Nordar Innovations.
Posted - 2010.04.27 07:02:00 - [1518]
 

Originally by: Titans 4U
My response being this:

And I understand and accept your response, but you need to make that emphatically clear then. You're currently operating under false pretences having your IPO 'secured' by several respected Trustees.

Titans 4U
Titans For You
Posted - 2010.04.27 07:09:00 - [1519]
 

Originally by: Ray McCormack
Originally by: Titans 4U
My response being this:

And I understand and accept your response, but you need to make that emphatically clear then. You're currently operating under false pretences having your IPO 'secured' by several respected Trustees.


I thought I had:

Originally by: Titans 4U
Chapter 6 - Disclosure of Risks

There is a risk that the POS being used to copy the BPOs will be attacked. The BPOs themselves will not be at risk from such an attack as they will be stored and locked down in the corp office in an NPC station. However the POS and any BPCs currenty in production will be at risk. The POS location will be kept secret to reduce the chances of this and I will be fitting the POS with a formidable deathstar setup to discourage hostile acts.

There is a risk that the Orca being used to transport the BPOs and BPCs will be attacked. To limit the impact I will transport only one at a time and I will use all the techniques for avoiding such an attack.

There is a risk that I, or the trustees, will scam in one way or another. Obviously the trustees and the methods we are using have been devised to reduce the risks and impact of such an occurance but there is nothing we can do to completely eliminate this risk.

There is a risk that the Titan BPC market will die, in which case we would liquidate and recover whatever funds we can to repay investors.


I can use a larger font if that would help?

If you do not trust me with your isk, do not invest.

Annika Petrovich
Posted - 2010.04.27 07:13:00 - [1520]
 

Originally by: Ray McCormack
Originally by: Titans 4U
My response being this:

And I understand and accept your response, but you need to make that emphatically clear then. You're currently operating under false pretences having your IPO 'secured' by several respected Trustees.


Has anyone else noticed the massive conflict of interest involved in Ray, who has titan BPC for sale in his signature, trying to crap all over a titan bpc ipo thread?

Ray McCormack
Nordar Innovations.
Posted - 2010.04.27 07:19:00 - [1521]
 

Originally by: Titans 4U
I can use a larger font if that would help?

Bobby, just in case it isn't clear I'll explain my motives further.

You advertise that you have a group of respected Trustees securing this IPO. You don't outline their duties fully in the OP of this thread, your only disclosure of what you expect their responsibilities to be is in a post a I linked previously. However, even you agree that is not realistic, yet you have done nothing to further outline their exact responsibilities. A blanket post regarding trust is not sufficient.

It's crazy how we all sit here complaining about past failures and ****ting on those who failed in their duties yet still set ourselves up once more for catastrophe.

I'm just asking you to be more thorough in your explanation of the effectiveness and requirements of your Trustees.

Power Sauce
Kenzzoku
Posted - 2010.04.27 07:20:00 - [1522]
 

ebank have always been involved in trying to manipulate investment and the titan bpc market.

Given that Ray is the former ceo of the largest scam in eve his "concerns" don't actually carry any weight.

Companion Qube
Minmatar
Electron Conservation Inc
SRS.
Posted - 2010.04.27 09:38:00 - [1523]
 

Originally by: Ray McCormack
Originally by: Titans 4U
I can use a larger font if that would help?

Bobby, just in case it isn't clear I'll explain my motives further.

You advertise that you have a group of respected Trustees securing this IPO. You don't outline their duties fully in the OP of this thread, your only disclosure of what you expect their responsibilities to be is in a post a I linked previously. However, even you agree that is not realistic, yet you have done nothing to further outline their exact responsibilities. A blanket post regarding trust is not sufficient.

It's crazy how we all sit here complaining about past failures and ****ting on those who failed in their duties yet still set ourselves up once more for catastrophe.

I'm just asking you to be more thorough in your explanation of the effectiveness and requirements of your Trustees.


I think the crux of the matter here is that you asked this same question around a year ago and received an answer that basically said "we're working within limited game mechanics, we're doing what we can to mitigate risk." You then ignored this answer for a year or so (and declined to offer any better option) only to raise it again when you thought you could screw your competition by playing the concerned citizen troll.

Did I summarize that correctly, or did I leave anything out?

Bad Bobby
The Dirty Rotten Scoundrels
HYDRA RELOADED
Posted - 2010.04.27 09:45:00 - [1524]
 

It's just a game.

Titans For You is just a "business" I am running inside a game. I'm not going to turn it into a job.

I'm not going to write a 100 page operation manual with disaster recovery and liquidation plans. I am simply going to rely on the basic competence of the trustees to liquidate the operation should I disappear for whatever reason.

There really isn't much that anyone can do to prevent me from scamming for hundreds of billions. Each investor has to decide for themselves if they trust me with their isk. That's the way it has always been with every IPO and Bond I've run. There has never been an audit, there has never been collateral, there is just me and the enjoyment I derive from making isk and whoring forums.

If you do not trust me with your isk, do not invest.

Titans 4U
Titans For You
Posted - 2010.04.27 09:48:00 - [1525]
 

900 shares still available!

Price is 1m per share. Minimum purchase 500 shares (500m). Existing shareholders only.

Ray McCormack
Nordar Innovations.
Posted - 2010.04.27 10:00:00 - [1526]
 

Originally by: Bad Bobby
It's just a game.

I'll turn my question to the Trustees then. What do the five of you see as your responsibilities in this set up? Are you securing the investment or just acting as potential liquidators? If you don't think you are securing the investment, then how do you feel about your name being used in a manner that suggests you are (blanket trust statement bull**** aside)?

Power Sauce
Kenzzoku
Posted - 2010.04.27 10:08:00 - [1527]
 

Hey, it's the muppet crew, here to point out how the public investment market in an internet spaceship game isn't always perfect.

Well done Captains Obvious. /finger.

Felo Maxun
Posted - 2010.04.27 10:20:00 - [1528]
 

5000+ shares voting yes for ray to STFU

Titans 4U
Titans For You
Posted - 2010.04.27 11:44:00 - [1529]
 

The state of the expansion is currently...

Total Shares: 70000
Total Accepted: 69100
Total Paid: 66600
Total Sent: 66600

I am waiting on isk from the following:

500 Promethian Child
500 Dafydd ab'Rhys
500 Psy Te'r
1000 Tre Circuit

I also have 900 shares available for sale to existing shareholders at 1m per share.

I will be purchasing the Titan BPO from the seller as soon as I catch them online. My isk will be used to cover the gap until the last few billion of investment is received.

Thankyou for making this a painless expansion!

CrazyArsed Monkey
Minmatar
Cercopithecus Aethiops Manufacturing
Posted - 2010.04.27 13:15:00 - [1530]
 

I will take the remaining shares,
Thank you
CAM


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