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blankseplocked EMFI – Claim Your Stake . . . . . . 399,937
 
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Block Ukx
Forge Laboratories
Posted - 2011.06.08 00:01:00 - [1]
 

Edited by: Block Ukx on 07/09/2011 23:20:04

EMFI – Claim Your Stake



EMFI Registered Shares
399,937

Intrinsic Value
~ 9,642 ISK per share



Issue
What to do with EMFI? EMFI is mostly composed of BSAC, AATP, and BMBE shares. I believe remaining shares in the Fund are worthless. With AATP buyout in progress, it will make sense for the Exchange to take over EMFI and start some form of dividend payments.

Therefore, I strongly recommend EMFI shareholders to register their shares with the Exchange or risk missing out on future dividend payments.


Suggestions welcome!



A FEW NOTES

ALL official in-game communications are done via BSAC MMM email.

I have 4 accounts and 12 characters. I use one character per pending share deposit to avoid any mix ups.

I can be found in the BSACPUBLIC in-game channel from 0100 to 0200 eve time.







moskowitz
Minmatar
Pator Tech School
Posted - 2011.06.08 03:55:00 - [2]
 

Edited by: moskowitz on 08/06/2011 04:12:13
hmm... i have shares....how do you register with the exchange...?

basically had them from a while back ...recently resubbed and had no clue they had any value.


edit= my shares are for sale!

RAW23
Posted - 2011.06.08 09:07:00 - [3]
 

Is the suggestion to start paying BSAC's dividends to EMFI directly to EMFI's shareholders? If so, I think that is an excellent idea and stands in stark contrast to Ray's attempt to disenfranchise EMFI's shareholders through his holding company dodge. I imagine the logistics might be a bit tricky but the goal is a worthy one. Is BMBE taking part in this or is it a solo BSAC project?

Block Ukx
Forge Laboratories
Posted - 2011.06.08 10:28:00 - [4]
 



EMFI shares can be traded in the BSAC Exchange. To deposit shares you need an Exchange account. Please visit the BSAC Exchange for details.


Currently, BSAC pays dividends to EMFI's exchange account. Dividends will be paid out of EMFI's exchange account to registered shareholders. Last time I spoke with Ray and Tornsoul they agreed to some form of take over. Without EMFI's CEO it can be tricky to do the transfer, but I think is possible to complete.



moskowitz
Minmatar
Pator Tech School
Posted - 2011.06.09 00:04:00 - [5]
 

Edited by: moskowitz on 09/06/2011 00:57:36
hmm to get emfi dividends....do i need to register my shares? or just have them...?

what is a registered shareholder?

edit=well I sent in isk to bsac mmm to open an account with the exchange.......i did not see any info about registering shares...i did see info about depositing shares...can anyone shed any light on what i should do after the account is created?...and i think i understand depositing shares would be to sell them...i still don't understand the registered share (?) process.

Block Ukx
Forge Laboratories
Posted - 2011.06.09 02:20:00 - [6]
 

Originally by: moskowitz
hmm to get emfi dividends....do i need to register my shares? or just have them...?

The way in-game shares work is that only EMFI’s CEO can issue dividends using the in-game share dividend feature. The CEO has been missing from quite some time now, and last time we spoke we considered transferring EMFI to the Exchange.
To receive dividends from the Exchange you must register your shares. If you do not register the shares you will missed any dividends issued from EMFI’s Exchange account. Even if you register your shares, you will not miss any dividends issued via the in-game dividend feature.


Originally by: moskowitz
what is a registered shareholder?

Any eve player with an Exchange account. The Exchange uses an electronic stock ledger to register investors.


Originally by: moskowitz
edit=well I sent in isk to bsac mmm to open an account with the exchange

You should receive your login details within 24-72 hrs.


Originally by: moskowitz
.......i did not see any info about registering shares...i did see info about depositing shares...can anyone shed any light on what i should do after the account is created?...and i think i understand depositing shares would be to sell them...i still don't understand the registered share (?) process.

To register your shares, once you have an account, first email BSAC MMM with your intentions to deposit shares in the exchange. BSAC MMM will provide further instructions of when to send shares. DO NOT send any shares unless you are instructed to do so.

The shares will then be deposited in your Exchange account. You can trade the shares by visiting the EMFI’s trade page and placing your sell/buy order using the EMFI order form.




moskowitz
Minmatar
Pator Tech School
Posted - 2011.06.09 03:06:00 - [7]
 

ty for the info.

Block Ukx
Forge Laboratories
Posted - 2011.06.12 00:36:00 - [8]
 




Don't forget to claim your stake.



Ray McCormack
Nordar Innovations.
Posted - 2011.06.12 08:56:00 - [9]
 

So only those that register their shares are going to receive dividends, and those that don't are going to lose out? Or is their share of the pie going to be recorded some how and kept in a fund of some sort awaiting their return?

Block Ukx
Forge Laboratories
Posted - 2011.06.12 13:40:00 - [10]
 



It will be setup like the Capital Ship Fund (ticker BSAC), where I created a separate trusted account for the shares that have not been returned. The arrangement will assume the share distribution shown in the last EMFI public report; 9,645,288 outstanding shares. At some point (TBD*), the entire trusted account will be distributed to registered investors and unregistered shareholders will lose out.


* One year seems reasonable for people to register their shares.



Atima
Minmatar
House of Marbles
Posted - 2011.06.12 13:42:00 - [11]
 

Hey, this sounds alot like EBANK forcing people to 'register' their shares, within a timeframe or loose their investment.

Ray McCormack
Nordar Innovations.
Posted - 2011.06.12 14:01:00 - [12]
 

AATP ~ 46b
BSA ~ 25b
BMBE ~ 17b

Total ~ 88b

How many shares are currently registered on the exchange?

Is TS willing to transfer ownership of the BMBE shares to this new fund?

Are you willing to do the same with BSA shares?

Block Ukx
Forge Laboratories
Posted - 2011.06.13 00:53:00 - [13]
 


Originally by: Atima
Hey, this sounds alot like EBANK forcing people to 'register' their shares, within a timeframe or loose their investment.



I would like to distribute the ISK to shareholders. Do you have an idea of how to do this distribution? OR are you suggesting I should do nothing about it?



Block Ukx
Forge Laboratories
Posted - 2011.06.13 01:03:00 - [14]
 

Originally by: Ray McCormack

How many shares are currently registered on the exchange?

Are you willing to do the same with BSA shares?



There are only 84,000 EMFI shares registered in the Exchange. EMFI's BSAC investment is allready under my trust, and managed by Ghost Emperor. With him gone, I don't see any other solution to distribute the ISK other than have investors registered their shares.



If Ghost were to return, we could do a full share registration with the Exchange and people would not need to register independently, and noone will miss dividend payments. If he does not returns, I don't see how I could issue dividends other than to people that register their shares.


If I do nothing, about 30 B EMFI's ISK will remain in trust with me.




moskowitz
Minmatar
Pator Tech School
Posted - 2011.06.13 01:03:00 - [15]
 

seems reasonable to me...thanks for doing something..i am in the process of registering shares with the exchange..

Block Ukx
Forge Laboratories
Posted - 2011.06.13 01:45:00 - [16]
 

A FEW NOTES

ALL official in-game communications are done via BSAC MMM email.


I have 4 accounts and 12 characters. I use one character per pending share deposit to avoid any mix ups.


I can be found in the BSACPUBLIC in-game channel from 0100 to 0200 eve time.

EMFI shares registered 133,899

leona starfire
LS Trading and Production Inc.
Posted - 2011.06.13 01:45:00 - [17]
 

just sent another 30000 EMFI shares to my exchange account.


Block Ukx
Forge Laboratories
Posted - 2011.06.14 02:14:00 - [18]
 




Intrinsic value about 9,642 ISK per share

Potential value about 372,000 ISK per share


Register your shares to avoid missing any future dividends.


.

Block Ukx
Forge Laboratories
Posted - 2011.06.15 01:44:00 - [19]
 




Shares deposited since last update 67,000



Don't miss on July 4th free dividend!

Jerry Pepridge
Posted - 2011.06.15 03:31:00 - [20]
 

hey block,

how much of a close eye are you keeping on Poison's cash reserve (164b) according to your hard-to-navigate site.

any chance i can slip a million isk in there? for a rainy day.

Block Ukx
Forge Laboratories
Posted - 2011.06.16 23:05:00 - [21]
 



Poison has been doing an excellent job trading. The Cash Reserve is not accepting dividends. You can find the Cash Reserve status here.



Block Ukx
Forge Laboratories
Posted - 2011.06.17 23:48:00 - [22]
 





Don't miss on July 4th free dividend!

Block Ukx
Forge Laboratories
Posted - 2011.06.19 01:03:00 - [23]
 



Don't forget to register your shares.



Block Ukx
Forge Laboratories
Posted - 2011.06.20 01:38:00 - [24]
 




Contact BSAC MMM to transfer your shares.




Block Ukx
Forge Laboratories
Posted - 2011.06.21 02:16:00 - [25]
 




14 days for first dividend. Don't miss out.



Block Ukx
Forge Laboratories
Posted - 2011.06.24 00:20:00 - [26]
 




Fourth of July is approaching.




Block Ukx
Forge Laboratories
Posted - 2011.06.26 01:38:00 - [27]
 




NINE



Block Ukx
Forge Laboratories
Posted - 2011.06.27 01:39:00 - [28]
 




Keep those shares coming.



Block Ukx
Forge Laboratories
Posted - 2011.06.28 01:04:00 - [29]
 




Don't hesitate to ask questions or Contact BSAC MMM for details.




Block Ukx
Forge Laboratories
Posted - 2011.06.30 01:23:00 - [30]
 




Open an account and register your shares.




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