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blankseplocked Mineral Reserve Investors Wanted ___ 0.92 ISK/MRD
 
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Block Ukx
Forge Laboratories
Posted - 2010.01.05 04:00:00 - [61]
 

Originally by: Clementina
What if you buy a bunch of these things and hold them. Then in the future you wish to take physical delivery.

Do you get issued minerals?


That is one option we are considering. ATM everything is done via the market, so it is easier to balance using the API.

Dalden V
Blue Lounge Industries
Posted - 2010.01.05 07:09:00 - [62]
 

Sent my 1 mil ISK to BSAC MMM to open an account.

After this is done, how do I log in to the site to place buy orders? Will I get evemailed my password?

Clementina
The Scope
Posted - 2010.01.06 00:51:00 - [63]
 

Originally by: Dalden V
Sent my 1 mil ISK to BSAC MMM to open an account.

After this is done, how do I log in to the site to place buy orders? Will I get evemailed my password?


This is a pretty Good Question

Block Ukx
Forge Laboratories
Posted - 2010.01.06 04:54:00 - [64]
 




Login details will be evemail to you Tomorrow.

Magnus Orin
Minmatar
Wildly Inappropriate
Goonswarm Federation
Posted - 2010.01.07 04:54:00 - [65]
 

Just got my login.

Very straightforward and easy to use site.

I like it, happy trading. Very Happy

Dalden V
Blue Lounge Industries
Posted - 2010.01.07 07:18:00 - [66]
 

Still waiting for my login details Sad


Block Ukx
Forge Laboratories
Posted - 2010.01.07 13:05:00 - [67]
 

Originally by: Dalden V
Still waiting for my login details Sad



Thanks for letting me know. ISK was received. I will be sending your login details tonight.

Bastila Revan
Amarr
Azriel's Legion
Posted - 2010.01.07 18:38:00 - [68]
 

Even thou my character is not over a month old quite yet. When it is, do you base all your transactions over your site or over the games market. I read from page 1-3 trying to understand this concept. I get how to open an account, and how to buy my MRDs then sell them later when they rise then collect my ISK that I have gotten from profit. But all the in between stuff like, are you buying minerals in-game, are you buying so called "shares" over your site? Or what is truly going on here for I get the full jist of this investment before I commit when my character reaches 30 days.

Block Ukx
Forge Laboratories
Posted - 2010.01.08 04:46:00 - [69]
 


Yes, the money is used to trade minerals in the market. Indices mantain one mineral unit per outstanding shares. There will be more information comming out in the annual report, which should be out next week.


Dalden V
Blue Lounge Industries
Posted - 2010.01.08 07:29:00 - [70]
 

Originally by: Block Ukx
Originally by: Dalden V
Still waiting for my login details Sad



Thanks for letting me know. ISK was received. I will be sending your login details tonight.


Thanks Block, login details received and some sample shares bought. I'll make further deposits as funds become available.

GIGAR
Caldari
Posted - 2010.01.08 11:40:00 - [71]
 

Originally by: Block Ukx
Originally by: Dalden V
Still waiting for my login details Sad



Thanks for letting me know. ISK was received. I will be sending your login details tonight.


I'm waiting as well, in case you didn't scoop me up with Dalden :(

LarcatOfRens
Posted - 2010.01.08 20:00:00 - [72]
 

A few questions if I may.

Is there an execution fee?

Let me make sure I understand the mechanics correctly. Only YOU issue new shares, but anyone can liquidate at the current virtual exchange ticker price with your at any time. Attendantly, the only way for me to obtain shares is for someone to sell them to me on the virtual exchange. I cannot give you ISK and have you issue shares to me at spot valuation?


Physical delivery and/or exchange of physical for paper are both unsupported at the time?

Short selling is not allowed, even with ISK on deposit with you?

Prices are based on a composite average across regions?

Can you point me to a link for the make up of the underlying physical for the index instrument (MRD I believe)?

Are futures supported, or are there any plans for futures support?

I'm not wholly understanding what I am seeing on the current market screens on your website. Is it a list of currently open orders and their valuation? Why do the bid/ask seem reversed?

Can you point me to downloadable data on high, low, avg data for your instruments historically that I could run my own calcs on?

Many thanks for all of your help.

-Larcat

Block Ukx
Forge Laboratories
Posted - 2010.01.09 02:58:00 - [73]
 

“Is there an execution fee?”
There are no fees


“Let me make sure I understand the mechanics correctly. Only YOU issue new shares, but anyone can liquidate at the current virtual exchange ticker price with your at any time. Attendantly, the only way for me to obtain shares is for someone to sell them to me on the virtual exchange”.
Correct


“ I cannot give you ISK and have you issue shares to me at spot valuation?”
ISK sent to BSAC MMM is deposited directly in your Exchange account. You are free to purchase shares from the exchange at spot valuation. Typically Exchange orders are refreshed daily when prices are updated. Alternatively, you can place buy orders which are clear during price update.


“Physical delivery and/or exchange of physical for paper are both unsupported at the time?"
BSAC shares are fully virtualized. We do not use physical shares except for ticker BSAC, which remains as an in-game share.


“Short selling is not allowed, even with ISK on deposit with you?”
Correct, no short selling.


“Prices are based on a composite average across regions?”
No, prices are based on actual trades conducted by BSAC averaged across regions.


“Can you point me to a link for the make up of the underlying physical for the index instrument (MRD I believe)?”
MRD Standard


“Are futures supported, or are there any plans for futures support?”
No futures at this time. I don’t think there is enough interest to consider developing futures at this time.


"I'm not wholly understanding what I am seeing on the current market screens on your website. Is it a list of currently open orders and their valuation? Why do the bid/ask seem reversed?"
The requests are from your perspective.

“Can you point me to downloadable data on high, low, avg data for your instruments historically that I could run my own calcs on?”
This is something we plan to add in the future. The closest to this will be to read the annual report soon to be published.


Nouva MacGyver
Caldari
MacGyver Communications
Posted - 2010.01.11 16:32:00 - [74]
 

1mil sent to BSAC MMM on 2010.01.08 18:24 for account creation; currently waiting for login details. Thanks in advance.

Zythesis
Posted - 2010.01.11 17:41:00 - [75]
 

I deposited 1,000,000.00 on the 09.01.2010 at 21:06 to BSAC MMM. Still waiting reply.

Block Ukx
Forge Laboratories
Posted - 2010.01.12 01:07:00 - [76]
 




Login details sent.


IMPORTANT
No accounts will be created under name corporations, only under individual names. Please do not send ISK from a corp wallet.


Ras Blumin
A Cross The Universe
Posted - 2010.01.12 16:57:00 - [77]
 

What's the current BSAC MRD price? How am I supposed to find it? Who from your corp sells them?

Block Ukx
Forge Laboratories
Posted - 2010.01.12 19:55:00 - [78]
 

Originally by: Ras Blumin
What's the current BSAC MRD price? How am I supposed to find it? Who from your corp sells them?


MRD current price can be found in the BSAC Exchange under Price Quotes.

You can purchase MRDs directly from the Exchange. Keep in mind that orders are cleared according to our buy/sell policy; Buy at MRD price - 0.01 ISK, Sell at MRD price + 0.01 ISK.

After each price update, new MRD buy/sell orders are place in the Exchange.


Ras Blumin
A Cross The Universe
Posted - 2010.01.13 19:08:00 - [79]
 

Thanks.


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