open All Channels
seplocked Market Discussions
blankseplocked Praetoria Holdings [.PH.] 5% Minimum [SOLD OUT]
 
This thread is older than 90 days and has been locked due to inactivity.


 
Pages: first : previous : ... 4 5 6 7 8 9 [10] 11 12 : last (12)

Author Topic

Bakimi Ghevorchal
Praetoria Holdings
Posted - 2007.12.27 11:42:00 - [271]
 

First all, hope you all had a nice Christmas. As for an Update, we now have 6 BPOs copying, the first dividends will be paid end of January, latest very start of February. This is a delay of approx 3 weeks on original plan, but all things considered, I hope this is an acceptable delay after all that happened.

The 7th BPO will be aquired and start copying by New Years.

Daeva Vios
Posted - 2007.12.27 13:47:00 - [272]
 

A little late is better than nothing.

Consider that folks here have gone through a string of scams recently. If you pay out (even a little late) you'll come through smelling like roses.

Mr Horizontal
Gallente
Posted - 2007.12.27 14:50:00 - [273]
 

Good to hear everything's working OK Feyloan!

Am I right in thinking that the first divi will come when this 7th BPO is successfully copied for the first time? In which case, would you mind terribly if we had a screen shot of the Science & Industry jobs showing the work being done?

Ricdic's Hoe
Posted - 2007.12.27 19:48:00 - [274]
 

Originally by: Mr Horizontal
In which case, would you mind terribly if we had a screen shot of the Science & Industry jobs showing the work being done?


I can provide this. Here you go YARRRR!!

Ishina Fel
Caldari
Terra Incognita
Intrepid Crossing
Posted - 2007.12.28 01:06:00 - [275]
 

w00t! YARRRR!!

Bakimi Ghevorchal
Praetoria Holdings
Posted - 2007.12.29 12:58:00 - [276]
 

Edited by: Bakimi Ghevorchal on 29/12/2007 12:58:10
Originally by: Mr Horizontal
Good to hear everything's working OK Feyloan!

Am I right in thinking that the first divi will come when this 7th BPO is successfully copied for the first time? In which case, would you mind terribly if we had a screen shot of the Science & Industry jobs showing the work being done?


The plan of this IPO is to pay a divi whenever a BPC is sold, so when the fist copy is there, it will be contracted, and when sold the isk will be split 75/25 for dividend / debt repayment & cost covering.

So expect iskies start of Feb at the latest, probably end of Jan, and then steady dividends up to 7 times a month (there will be then a summation / monthly report both in the Mailing list and in the Forums).

P.S.: Ric, loving the Screenshot Laughing

Atherin Gaius
Caldari
Macabre Votum
Morsus Mihi
Posted - 2007.12.29 18:20:00 - [277]
 

Originally by: Bakimi Ghevorchal
Edited by: Bakimi Ghevorchal on 29/12/2007 12:58:10

The plan of this IPO is to pay a divi whenever a BPC is sold, so when the fist copy is there, it will be contracted, and when sold the isk will be split 75/25 for dividend / debt repayment & cost covering.

So expect iskies start of Feb at the latest, probably end of Jan, and then steady dividends up to 7 times a month (there will be then a summation / monthly report both in the Mailing list and in the Forums).

P.S.: Ric, loving the Screenshot Laughing


What is the name of the maillist that you are sending the reports to? I want to add it in my mail window. thanks!

Ishina Fel
Caldari
Terra Incognita
Intrepid Crossing
Posted - 2007.12.30 22:43:00 - [278]
 

The mailing list's name is the same as the corporation: Praetoria Holdings. Very easily found by going to the first page of this thread, pressing ctrl+F, and typing in 'mail', btw Wink

Bakimi Ghevorchal
Praetoria Holdings
Posted - 2008.01.08 23:51:00 - [279]
 

Originally by: Ishina Fel
The mailing list's name is the same as the corporation: Praetoria Holdings. Very easily found by going to the first page of this thread, pressing ctrl+F, and typing in 'mail', btw Wink


Well there you go, I didn't know that, you learn something new every day...

So I have sobered up from Ishina's wild New Years Party now (LaughingLaughing), and just wanted to say all is well, just waiting on first bunch of copies (Yes, 33 Days is a long time when essentially nothing will happen, this was however clear from the outset...).

Any Questions, feel free to talk to me at some point in-game, eve mail or convo if I am on (Feyloan is on mostly, this guy gets checked once a day for mails and such).

Also, at this point, however belated, HAPPY NEW YEAR to all investors and anyone who stumbles across this thread and actually makes it this far Very Happy

Astorothe
Aperture Science Industries
Posted - 2008.01.16 07:56:00 - [280]
 

I kinda like the way this worked out in the end - not ideal, but under the circumstances it looks good. It will be interesting to see what the dividends are.

Bakimi Ghevorchal
Praetoria Holdings
Posted - 2008.01.16 08:39:00 - [281]
 

Originally by: Astorothe
I kinda like the way this worked out in the end - not ideal, but under the circumstances it looks good. It will be interesting to see what the dividends are.


Definately not ideal, due to approx 3 weeks delay and me having to foot the bill, however, the first batch of copies are due the 25th. So anytime after that, Iskies will start rolling in, with 75% of each sale going back to investors (the other 25% covering costs and paying back a loan a player gave the corp for free, this has already been posted by me).

There will be an announcement very shortly in this thread about one final problem faced, which cannot be solved by CCP (the reasons for which completely elude me).

Herodian
Minmatar
Gladius Noctem
Posted - 2008.01.18 11:27:00 - [282]
 

Originally by: Bakimi Ghevorchal

There will be an announcement very shortly in this thread about one final problem faced, which cannot be solved by CCP (the reasons for which completely elude me).


very shortly is not more than 1 day in my book....

Minerva Vulcan
Caldari
Ctrl Alt Elites
Posted - 2008.01.18 11:59:00 - [283]
 

Originally by: Herodian
very shortly is not more than 1 day in my book....


Two days tops in mine.

Bakimi Ghevorchal
Praetoria Holdings
Posted - 2008.01.18 12:55:00 - [284]
 

Well im my books it was "before the weekend", sorry, next time I will write that instead Laughing

OK, first of all, before all panic ensues due to this announcement, remember that the assets are locked down in CRA and not in Praetoria Holdings, so the assets are secured. Praetoria Holdings is only for dividend purposes.

There was an issue with a share transfer which CCP could not solve, inexplicable for me, because it was clear what had happened and it would have been so easy to solve. However, due to this, Praetoria Holdings has to be re-formed, which means that Bakimi will stand down as CEO today, and after the 24 hour period will exit the corp and reform it. Then shares will be recreated and distributed to share holders.

I apologise for any inconvenience, but this will have no affect on anything to be honest, you will get your shares, and the dividends once the first round of copies is made.

Any shareholder who has a problem with this, please contact me to resolve it on my main, the corp will buy back shares at 110% of anyone who wants to get out as well.

VO Mathilda
Posted - 2008.01.21 13:29:00 - [285]
 

250 shares sent back. Waiting on the switch.

Reeze Calban
Posted - 2008.01.22 17:29:00 - [286]
 

I've sent back my 20 shares, awaiting new ones

Reeze Calban
Posted - 2008.01.22 19:52:00 - [287]
 

New shares have been received, thanks Bakimi

Herodian
Minmatar
Gladius Noctem
Posted - 2008.01.23 20:18:00 - [288]
 

just a confirmation that i have received the new shares :)

Good luck with the venture and may the payment of dividends be swift and plentifull..

Ghost Emperor
Amarr
EvE Mutual Fund Inc.
Posted - 2008.01.23 22:58:00 - [289]
 

If you have some extra shares or any returned from the buyback offer then EMFI would be interested in having a taster investment in your enterprise...please eve mail if you have some spare :) Cheers, Ghost

EBANK Ricdic
Eve-Tech Savings n Loans
Posted - 2008.01.28 03:19:00 - [290]
 

Originally by: Ricdic
Yeh I offered the buyback because I am fairly confident in Feyloan's skills to resolve the situation. Obviously other's aren't and I don't really want this thread to end up like Wylker's one. As I said when I first bought into it I do see the potential for Feyloan in this industry. He made a fatal mistake but the true testament will be seeing if he can recover from it.

Just coming back here and looking for resolutions shows that he doesn't want a tarnished reputation and my chats with him on msn and in-game lead me to believe he is going above and beyond the call of duty to try and fix the problem.

As was seen by Riethe, I could be wrong again which is why I am only buying back at 80%. Unfortunately the Riethe scam made me step back and look at those around me in a whole new light, people I have known and trusted with billions for years with me having to double question the trust etc. It's a good and bad thing but I hate having to do it.

Anyway yeh I could just buyback on all different toons it wouldn't matter and isn't enforcable. If anything I would see the Feyloan restriction of 1000 on me as a way to try and limit any fallout I recieve if he cannot resolve the situation.

Either way, I didn't get into the financial position I am in now by not taking risks. CCP made this game with Risk Vs Reward in mind, and even though they have had near zero hand in the MD portion of Eve over the years, Risk Vs Reward is still very much an important factor.

My reward if my belief in Feyloan is correct, is that those 5% minimum repayments go up to 6.25% minimum if Feyloan recovers and continues to meet repayments. If not and he liquidates then I get a higher amount back.

Liquidation at a loss or complete failure/scam is the adverse end of the scale. Time will tell but I can afford the loss if it occurs.


This is for Mtber

Originally by: Ricdic
Insider trading 4tw. Sell me your shares under priced.

Nah, I just know what he is trying to accomplish. If all that fails then I lose a lot more than the 20% discount for doing this buyback Smile


And another condition to my buyback of those shares

Originally by: Ricdic
We have been chatting about this for a few days now and it was completely his decision. Not wanting to capitalise off his RL expenses I also have an express deal that when it comes time to shut down shop or buy out his corp, he buys my shares off me at 85% of initial value (as I done the buyback at 80% for others).




So, simply put he told me what he wanted to do. I told the public that he had a few ideas but I would offer the buyback for those who wanted to get out. At the time of my offfer there was still every chance that he wouldn't follow through with his chosen resolution (buying of GTC's) and would just vanish. I felt there was still a fairly good chance of success so I took the chance. But there is no doubt I was taking a risk I definetly was worried.

Anyway as per above I offered Feyloan the option to buyback my shares at 85% of cost as I know he had a RL expense in all of this. I got them cheap, am happy to get a higher interest rate as a result,but will sell them back to him at a price similar to purchase price.

Mtber seems a little upset at me and seems to be out for vengeance. If anything this post was to clarify the situation behind this. Either way insider trading can't be governed in this game, but if things had ended on the other end of the scale (with Feyloan not bothering to get the GTC's) then I would have taken a nice loss and we wouldn't be having this conversation.

Feyloan
Posted - 2008.01.28 09:24:00 - [291]
 

Wow, I am not on the Forums for two days and suddenly someone comes to call my trading practices into question Laughing

I have absolutely nothing to add to what Ricdic has posted, just wanted to confirm it from my side and to add that I have received no complaints from shareholders what so ever on this matter, all was reported fairly imho.

It basically bought me a couple of days extra, and gave some shareholders a way out, who were understandibly nervous at the time, so I am also greatful for what Ricdic did, and the trust he, as well as all other investors, put into me.

Oh, btw. Copies done, expect the first dividends within a couple of days, January Report expected to go out by the 3rd.

Regards,

Feyloan

VO Mathilda
Posted - 2008.02.05 19:07:00 - [292]
 

Update? Anything... a small phrase to say everything is ok... once a while... just to make me feel less stressed.

Regards

VO Mathilda

Evolyze
Caldari Provisions
Posted - 2008.02.05 22:25:00 - [293]
 

Im currently having uber pc problems, what will happen if i can't send my shares back before the first wave of isk is handed out ?

Evol

Slasher Arcana
Posted - 2008.02.11 04:05:00 - [294]
 

Any update?

EBANK Ricdic
Eve-Tech Savings n Loans
Posted - 2008.02.11 05:38:00 - [295]
 

Ok if I can't get in contact with Feyloan over the next 3 days I will seize his operation and liquidate it (I hold all the assets). Feyloan's job is really simple, to accept a contract for a pile of freighter bpc's, and then sell them. Then pay dividends. Unfortunately its going to be hard to handle dividends as he has created a second corp so I cant just do a share for isk exchange. We need to figure something else out.

Either way, Feyloan advised a dividend would be forthcoming with a statement on the 3rd. It's now the 11th and I don't believe either has been provided. I haven't seen Feyloan on MSN of late either. Obviously he paid for all this with his own RL money so I really hope he comes forward or some sort of information is forthcoming as I don't want to have to liquidate but Feyloan you really need to step up and handle this or I will have no choice but to deal with it myself.

FastLearner
Fury Holdings
Brutally Clever Empire
Posted - 2008.02.11 06:09:00 - [296]
 

Edited by: FastLearner on 11/02/2008 06:09:28
Originally by: EBANK Ricdic
Ok if I can't get in contact with Feyloan over the next 3 days I will seize his operation and liquidate it (I hold all the assets). Feyloan's job is really simple, to accept a contract for a pile of freighter bpc's, and then sell them. Then pay dividends. Unfortunately its going to be hard to handle dividends as he has created a second corp so I cant just do a share for isk exchange. We need to figure something else out.

Either way, Feyloan advised a dividend would be forthcoming with a statement on the 3rd. It's now the 11th and I don't believe either has been provided. I haven't seen Feyloan on MSN of late either. Obviously he paid for all this with his own RL money so I really hope he comes forward or some sort of information is forthcoming as I don't want to have to liquidate but Feyloan you really need to step up and handle this or I will have no choice but to deal with it myself.


Yeah, the creation of replacement corp confused issue. I haven't really been paying much attention to this thread (as I'm not an investor) but two things stick out to me about the new corp issue:

1. How do you reform a corp on same name? As far as I know, you can't - you have to use a new corp name/ticker.
2. What on earth was the idea behind asking people to mass return shares? There's no tracking of share transfer in Eve - so if you receive back 1000 shares but total claims comes to 1300 you (i,.e. feyloan) have no way to know who actually sent back and who is trying to scam. The ONLY good way to do it is to FIRST send out new shares (on a new corp name) THEN ask for the old ones back. That's what I had to do when I sent some shares to wrong person from Fury Bank.

Incidentally I'm pretty certain feyloan was around earlier today in Fury Bank channel - so he hasn't quit playing. Wouldn't surprise me if he's just totally lost track of who sent back shares and doesn't have a clue what to do - admitting so and asking for people to claim shares would be suicide. Even with a screen-shot of sharehodlers prior to requesting them returned there's absolutely no way to figure out who legitimately returned shares if some people with shares have transferred them to alts and are claiming to have sent them back.

I assume he has a record of who originally bought shares - so the only way around it may well be to trace the shares right from the start. i.e. ask shareholders to detail where all their shares went then refuse to honour any which can't be accounted for. Even that runs into difficulties if a player actually sold their shares to someone else but claims to have sent them back: as it would be apparent one of the two people were lieing (either one player is lieing about not having bought the shares, or the other got his shares from a different character of his own - which is claiming to have returned them) but ALMOST impossible to tell which (if the journal were alive for the period in question then, via API, the purchaser could demonstate payment to the original shareholder).

However you look at it, asking for shares back before issuing new ones was a totally stupid way to do things.

Mr Horizontal
Gallente
Posted - 2008.02.11 07:27:00 - [297]
 

He was online yesterday... He did reply to an eve mail I sent about the share exchange. But yeah, some communication would be nice. :)

If I were in his shoes, I'd have got the GM's to sort out the corp bug, but given the share exchange issue, I'd also assume he's waiting for all shares to be transferred to the new corp before he pays any dividend... either way I'm only speculating here, we do need more info.

Ishina Fel
Caldari
Terra Incognita
Intrepid Crossing
Posted - 2008.02.11 16:02:00 - [298]
 

Edited by: Ishina Fel on 11/02/2008 16:04:16
Apparently he's been on a business trip all last week (until Friday or Saturday I believe), but yeah, he should be more prompt with managing his IPO. I don't like it one bit either that I constantly feel the need to go and poke him and tell him "hey, there's stuff/people waiting for you ingame". If this goes on, I will be getting out of the venture, and reinvest my ISK elsewhere. ugh



Originally by: Mr Horizontal
If I were in his shoes, I'd have got the GM's to sort out the corp bug, but given the share exchange issue, I'd also assume he's waiting for all shares to be transferred to the new corp before he pays any dividend... either way I'm only speculating here, we do need more info.


From what I heard, the GMs repeatedly refused to help him with his share distribution bugs/problems, which is why he had to re-form the corp in the first place.

Ricdic
Caldari
Caldari Provisions
Posted - 2008.02.11 17:36:00 - [299]
 

What were the problems? As someone who has dealt in shares in a good 5+ public operations I am curious to know what possible bug could require a new corp to need creation.

NeoTrade
Posted - 2008.02.12 02:10:00 - [300]
 

Originally by: Ricdic
What were the problems? As someone who has dealt in shares in a good 5+ public operations I am curious to know what possible bug could require a new corp to need creation.


From the post about 9 replies up

Quote:

There was an issue with a share transfer which CCP could not solve, inexplicable for me, because it was clear what had happened and it would have been so easy to solve. However, due to this, Praetoria Holdings has to be re-formed, which means that Bakimi will stand down as CEO today, and after the 24 hour period will exit the corp and reform it. Then shares will be recreated and distributed to share holders.


I can confirm I have also received my new shares.


Pages: first : previous : ... 4 5 6 7 8 9 [10] 11 12 : last (12)

This thread is older than 90 days and has been locked due to inactivity.


 


The new forums are live

Please adjust your bookmarks to https://forums.eveonline.com

These forums are archived and read-only