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blankseplocked Mineral Reserve Investors Wanted ___ 0.92 ISK/MRD
 
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Block Ukx
Forge Laboratories
Posted - 2009.11.25 22:48:00 - [1]
 

Edited by: Block Ukx on 08/01/2010 04:46:18


Mineral Reserve Dollars (MRD)



It probably hasn't been a better time to invest in the mineral market, and its very simple; purchase MRDs from the BSAC Exchange. Currently MRDs are trading at 0.91 ISK, which is an all time low, and can easily sore over 1.5 after dominion. So if you like speculation invest today before Dominion is released.

Investing in MRDs is like investing in gold. Buy them at a low price, then sell them when it reaches an acceptable level. There are no trading fees, and MRDs are 100% liquidable. Don't get stock investing in never ending ventures. With MRDs you sell when ever you feel like it.

Opening an account its easy. Simply send 1,000,000 ISK to ďBSAC MMMĒ. Once you establish an account you can deposit more funds in your account by sending additional investments to BSAC MMM, or withdraw your ISK using the Exchange withdraw request, which are processed within 24-48 hrs.

To purchase MRDs, either purchase directly from the exchange, or place a buy order at the MRD price quote + 0.01 ISK. In addition, once you own MRDs, you can place an MRD sell order at the price you would like to de-invest. Your order will clear automatically when the MRD price quote matches your price. Investing hasn't been any easier!






Marcus Baltar
Savaran Zhayedan Spah
Posted - 2009.11.26 10:37:00 - [2]
 

I have traded MRD, as well as the BSAC/Mineral and DTRUCK/ICE indices, both before this new exchange, and on it, and it is now a very quick and easy to use system.

The new BSAC Exchange works, and for what it is worth, recommend that you try it.

Thanks.

Block Ukx
Forge Laboratories
Posted - 2009.11.28 02:28:00 - [3]
 


Open an Account
  • Sent 1,000,000 ISK to "BSAC MMM" to open an account.

  • BSAC MMM will evemail you your login credentials.


Deposits
  • Sent ISK to "BSAC MMM".

  • Deposits will be added to your account.

  • Trade in the exhcnage by buying/selling to current orders, OR buy placing your own buy/sell orders.



Withdraw
  • Place a withdrawl request in the Exchange.

  • BSAC MMM will process your request within 48 hrs.





Block Ukx
Forge Laboratories
Posted - 2009.11.29 03:02:00 - [4]
 


Don't hesitate to ask questions in this thread.

Also, looking for comments regarding fund managers. What features would you like included when managing a Fund?




Hippopotamus Rex
Posted - 2009.11.29 03:35:00 - [5]
 

Do you have any stats on volume traded?

Dethmourne Silvermane
Gallente
Origin.
Black Legion.
Posted - 2009.11.29 03:37:00 - [6]
 

So let me make sure I understand how MRDs work.

I choose to invest in an MRD now, and it costs .91 isk (hypothetically speaking, i didn't check for the latest value).

Then later MRDs are valued at 1.5 isk; I can then withdraw my MRD and it will be valued as such, netting me 1.5 isk per MRD i liquidate?

I know this is a silly question but I've been reading so many "investment idea" schemes lately I want to make sure this is as simple as it sounds.

Block Ukx
Forge Laboratories
Posted - 2009.11.29 03:50:00 - [7]
 

Originally by: Hippopotamus rex
Do you have any stats on volume traded?


Not at this time. Good idea and I will add it to my todo list.



Originally by: Dethmourne Silvermane
So let me make sure I understand how MRDs work.

I choose to invest in an MRD now, and it costs .91 isk (hypothetically speaking, i didn't check for the latest value).

Then later MRDs are valued at 1.5 isk; I can then withdraw my MRD and it will be valued as such, netting me 1.5 isk per MRD i liquidate?

I know this is a silly question but I've been reading so many "investment idea" schemes lately I want to make sure this is as simple as it sounds.



Yes is really that simple. Furthermore, you can purchase today at 0.91 and place a sell order a minute later at 1.5 ISK so you don't missed out when it reaches that price.

The difficult part is speculating future MRD price.



Hippopotamus Rex
Posted - 2009.11.29 03:50:00 - [8]
 

Originally by: Dethmourne Silvermane
So let me make sure I understand how MRDs work.

I choose to invest in an MRD now, and it costs .91 isk (hypothetically speaking, i didn't check for the latest value).

Then later MRDs are valued at 1.5 isk; I can then withdraw my MRD and it will be valued as such, netting me 1.5 isk per MRD i liquidate?

I know this is a silly question but I've been reading so many "investment idea" schemes lately I want to make sure this is as simple as it sounds.


If I'm not mistaken, you can only withdraw isk in your account with them, not isk invested in MRDs.

When you want to withdraw, you will have to sell your MRDs to other players on the exchange, then you can withdraw the proceeds.

This is just my interpretation of the investment.

Block Ukx
Forge Laboratories
Posted - 2009.11.29 03:58:00 - [9]
 

Originally by: Hippopotamus Rex
If I'm not mistaken, you can only withdraw isk in your account with them, not isk invested in MRDs.


Correct, you sell your MRDs, then withdraw ISK.


Originally by: Hippopotamus Rex
When you want to withdraw, you will have to sell your MRDs to other players on the exchange, then you can withdraw the proceeds.


Not completly correct. Yes, you could sell to other players on the exchange.
However, MRDs are 100% liquidable, meaning that the Exchange will purchase back MRDs at the daily quoted price.


Julian Koll
The Kollektive
Posted - 2009.11.29 04:12:00 - [10]
 

Originally by: Block Ukx
Originally by: Hippopotamus Rex
If I'm not mistaken, you can only withdraw isk in your account with them, not isk invested in MRDs.


Correct, you sell your MRDs, then withdraw ISK.


Originally by: Hippopotamus Rex
When you want to withdraw, you will have to sell your MRDs to other players on the exchange, then you can withdraw the proceeds.


Not completly correct. Yes, you could sell to other players on the exchange.
However, MRDs are 100% liquidable, meaning that the Exchange will purchase back MRDs at the daily quoted price.




so to use this example:

one buys MRD at .91
after a while he could sell immediately at given price (say, 1.5)
or he could try to sell to another player for more (say, 1.6)

Block Ukx
Forge Laboratories
Posted - 2009.11.29 04:17:00 - [11]
 

Originally by: Julian Koll
... so to use this example:
one buys MRD at .91
after a while he could sell immediately at given price (say, 1.5)
or he could try to sell to another player for more (say, 1.6)


Yes, you can place a SELL order at 1.5 or 1.6. However, the Exchange sells a limited number of MRDs (100-200 M) at the daily quoted price + 0.01 ISK. So there is always a small competiton.


Block Ukx
Forge Laboratories
Posted - 2009.11.30 00:33:00 - [12]
 


The exchange will remain open during patch deployment. However, price quotes will not update until ccp restores API services.




Kaaii
Caldari
Kaaii-Net Research Labs
KAAII-NET
Posted - 2009.11.30 09:33:00 - [13]
 

Originally by: Block Ukx

The exchange will remain open during patch deployment. However, price quotes will not update until ccp restores API services.







Hello Block,

I've xfered a bit of working funds to test the market. Its Monday 11/30, I'm hoping to get credit applied to my account so I can dabble during downtime.

If you get a chance.....thx

Kaaii

BSAC MMM
EVE Mineral Reserve
Posted - 2009.12.01 00:25:00 - [14]
 


Deposits processed.

No more accounts/deposits till after the patch.



Sarah Dent
Posted - 2009.12.01 14:53:00 - [15]
 

Who is the auditor? What financial data do you publish?

Estel Arador
Posted - 2009.12.01 15:04:00 - [16]
 

Edited by: Estel Arador on 01/12/2009 15:04:54
Originally by: Sarah Dent
Who is the auditor? What financial data do you publish?


It's Block Ukx, there wouldn't be any auditor who could add anything. If Block Ukx could not be trusted, neither could the auditor (whoever it was).

Also doing basic research is encouraged, but since I'm a nice mood I'll give you this link:
http://sites.google.com/site/evebsac/investor-relations

Sarah Dent
Posted - 2009.12.01 15:07:00 - [17]
 

Originally by: Estel Arador
Edited by: Estel Arador on 01/12/2009 15:04:54
Originally by: Sarah Dent
Who is the auditor? What financial data do you publish?


It's Block Ukx, there wouldn't be any auditor who could add anything. If Block Ukx could not be trusted, neither could the auditor (whoever it was).

Also doing basic research is encouraged, but since I'm a nice mood I'll give you this link:
http://sites.google.com/site/evebsac/investor-relations


Blocked from my work site.

But having the auditor be also the administrator is very no-no. Independent, neutral auditors are needed. Otherwise, we have the the fox guarding the henhouse.


Estel Arador
Posted - 2009.12.01 15:22:00 - [18]
 

Originally by: Sarah Dent
But having the auditor be also the administrator is very no-no. Independent, neutral auditors are needed. Otherwise, we have the the fox guarding the henhouse.


I didn't say that the auditor is the administrator. I said that Block's reputation is such that if Block turns out to be a fox any auditor might just as well be a fox. The added value of an audit would be negligible.

Block Ukx
Forge Laboratories
Posted - 2009.12.02 01:10:00 - [19]
 

Originally by: Sarah Dent
Who is the auditor? What financial data do you publish?


Yes, I have been doing all of BSACís internal audits and maintained all transactions records for the past 3.5 years, with the exception of CSF sales which is done by Poison (Chairman BOD). Some audit results are made public, while others audits are not released to the public. Some assets are locked down and could be verified by others. However, any access to BSAC must be approved by the Board of Directors.

BSAC is composed of various ventures and I try my best to keep the business as transparent as possible without compromising the companyís performance. Some areas of the business are 100% transparent and you can find their pertinent information in our various financial publications and records. Donít hesitate to contact me or post here if you canít find the information you are looking for.

Certain areas of the business are kept behind closed doors and are mostly discussed with the chairman of the Board of Directors (Posion), and other members of the Board. However, records have been made available after a venture has been liquidated.


Is there any particular past/present operation that you are concern about?




Most Reports can be found in our website

Old reports can be found here: http://sites.google.com/site/evebsac/links/eve-forums

Block Ukx
Forge Laboratories
Posted - 2009.12.03 01:53:00 - [20]
 



Investors Welcome!

Price quotes back online.


Block Ukx
Forge Laboratories
Posted - 2009.12.04 18:19:00 - [21]
 


December 4, 2009

The MRD continues to be a popular investment due to its low exchange price. It is very unlikely to fall below 0.88 ISK, so currently remains near the bottom of the price scale - an attractive purchase.

Pyerite continues to fall from its recent high of 5.80 ISK. It is anticipated Pyerite will continue to drop in price as Regional prices are well below the Jita exchange rate.


MailDeadDrop
Rage and Terror
Posted - 2009.12.04 19:13:00 - [22]
 

Block, on the MRD Exchange Preview, the "Request" column's values seem swapped, or at least counter-intuitive. Can you explain or correct?

MDD

Vasta Magna
Yarex Shipyards
Posted - 2009.12.05 11:48:00 - [23]
 

Originally by: MailDeadDrop
Block, on the MRD Exchange Preview, the "Request" column's values seem swapped, or at least counter-intuitive. Can you explain or correct?

MDD


Upon logging in they become links. So it's not order type: buy, but rather a "buy (from sell order)" button. I was confused by that too.

Pilious
Fusion Enterprises Ltd
Morsus Mihi
Posted - 2009.12.05 19:58:00 - [24]
 

Are the shares actually backed up by mineral stores or is it based on the value and there is no holding reserves.

Pilious

Block Ukx
Forge Laboratories
Posted - 2009.12.06 00:34:00 - [25]
 

Originally by: Pilious
Are the shares actually backed up by mineral stores or is it based on the value and there is no holding reserves.


Shares are backed up by minerals held in Reserve. This is one reason we can offer 100% share liquidity. These are the only shares in EVE ever released that have a 100% liquidity policy.

Because shares are backed by Reserve minerals, their prices fluctuate largy due to changes in the mineral market conditions.




John Lupo
Posted - 2009.12.06 11:33:00 - [26]
 

Sent 1,000,000 ISK to "BSAC MMM" to open an account.

Awaiting details so i can transfer additional funds.

Thanks.

Fulbert
Gallente
Posted - 2009.12.06 23:31:00 - [27]
 

I made two deposits on my BSAC account - both were executed within 24 hours.
Didn't tested the withdraw option.

Statistics should be a nice feature for BSAC Exchange, to make it look like a real financial market.

Block Ukx
Forge Laboratories
Posted - 2009.12.07 02:08:00 - [28]
 



New accounts ready.
Deposits processed.



Block Ukx
Forge Laboratories
Posted - 2009.12.08 01:32:00 - [29]
 

Price Update


MRD Down 0.02 ISK



small chimp
Posted - 2009.12.08 06:26:00 - [30]
 

everyone should panic and liquidate their mrds!


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