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VO Mathilda
Posted - 2008.02.12 18:43:00 - [301]
 

Ok, lets give him some time. I dont think hes gonna let us down. Or he would have done it when the freak accident happened.

Till then, lets be patient.

Regards.


Feyloan
Posted - 2008.02.13 00:16:00 - [302]
 

Edited by: Feyloan on 13/02/2008 00:17:34
Was out of country all week unfortunately and semi cut-off from civilisation....so dependent on the internet these days....

@Fastlearner: I have a list of all the shareholders at the time the old corp was given up, those people get the shares

@Ricdic: just send me an eve-mail if you can't reach me any other way, I respond to those the instant I'm online, and I do have you in msn as well and have seen you about there...

Shares will be finished redistributed tomorrow, the second batch are copying, so there is no hold up, just a few copies in my hold currently, when shares are distributed, these will be sold and a dividend paid.

Edit: @Mr. Horizontal: The issue was taken up with GM's, they did nothing about it, hence the reforming

Ricdic
Caldari
Caldari Provisions
Posted - 2008.02.13 00:26:00 - [303]
 

Good to see you are still alive and well. Are you forcing the need for me to do a share exchange or will you just send me the new ones as replacements for my old ones on hand?

Feyloan
Posted - 2008.02.13 05:45:00 - [304]
 

Originally by: Ricdic
Good to see you are still alive and well. Are you forcing the need for me to do a share exchange or will you just send me the new ones as replacements for my old ones on hand?


I'm just going to send out new ones to everyone who had some.

Doctor Sunshine
Irata III Trek Alliance
Nex Eternus
Posted - 2008.02.17 21:02:00 - [305]
 

...update?

Feyloan
Posted - 2008.02.18 13:11:00 - [306]
 

Right, after sorting some stuff out over the weekend I now finally have some time for Eve again...

There are still the 5 Copies which will start to be sold as of this evening via contracts.

On top of this there is some big news concerning assets. There will be a 6th BPO added to the inventory this week, so that the total capital in the Corp is over the 12,5 billion again, to secure the investment, Ricdic can confirm once the BPO is safely locked down in CRA.

Atherin Gaius
Caldari
Macabre Votum
Morsus Mihi
Posted - 2008.02.18 19:01:00 - [307]
 

nice to see that there is still movement on the IPO.

As a suggestion, you may want to identify a trusted individual that can help you during the times that you are away from EVE, ie setting up contracts and copying BPOs for you.

Herodian
Minmatar
Gladius Noctem
Posted - 2008.02.18 21:50:00 - [308]
 

could you maybe eve-mail us the links to the contracts so i can maybe help a bit with the promotion of those contracts ?

Would also help in investor confidence...

Wration
Caldari
GeoTech
Posted - 2008.02.19 04:54:00 - [309]
 

Any eta on those new shares to be distributed?

Have been waiting some time for the new ones

Feyloan
Posted - 2008.02.20 08:33:00 - [310]
 

@Herodian: Yes, I can eve mail them to whomever would like, depending on reaction and prices I am debating doing a "shop" on the Forums

@Wration: Most should have their shares now, you have not been forgotten, however it is an Alphabetical list I am going through, but you have my word the shares will be there this evening

@Atherin: I would not have a problem with giving account details to a trusted individual to keep watch, HOWEVER, the beauty of this project is that I only HAVE to be online in Eve when the copies are produced, as this is the only time critical to success. I also will have more time again for eve once this month is over.

The delay in selling btw. is not necessarily a bad thing right now. Prices have dropped slightly in anticipation of the patch release, as anyone inventing from copies has not been buying recently.

Ricdic's Hoe
Posted - 2008.02.20 09:23:00 - [311]
 

Originally by: Feyloan
The delay in selling btw. is not necessarily a bad thing right now. Prices have dropped slightly in anticipation of the patch release, as anyone inventing from copies has not been buying recently.


It's not just the delay in selling. In selling alone you have probably lost approximately 500m of shareholder profits due to your delays in selling the bpc's I provided you a couple of weeks ago.

At the start of your operation the "issue" resulted in a 2 month delay in your operation even starting causing no income to your investors.

The very limited forum updates and lack of responses causes people to be worried about your intentions.

The lack of commitment to your IPO shows you may not have been ready to launch one. RL issue after RL issue has delayed your corporate progress. There's always an excuse and I wonder why someone with such a hectic RL that they can't log into eve for 4 minutes to setup 5 contracts would be running a public corporation in the first place.

The corporate share "bug" that appeared that I have never heard of before, after dealing with tons of share issuances and share creations is a little strange. I would be very curious to hear about this in detail as frankly I call bluff.

If the BPO's weren't secured I think your lack of management would cause a very large (larger than has already occured) selling frenzy on your shares, causing a net loss to those of your investors selling out due to inconsistencies.

Finally, we need consistency. If you say you will be issuing a report on the 3rd, issue that report. If you say the dividend will be a couple of days later, make sure the dividend is there. Frankly most of the guys here have been going soft on you but I don't doubt that the poor management skills portrayed here will have a direct affect on any future offerings you open up. There's just no consistency, no-one wants to spend time chasing up on their investment or having to push you to get things done. Try to take on a proactive approach rather than a reactive one. Resolve situations before they occur rather than after. If that approach had been taken from day 1 your investors would have seen a 20% return on investment by now and your RL wallet would be $1500 USD fatter

Atherin Gaius
Caldari
Macabre Votum
Morsus Mihi
Posted - 2008.02.20 20:53:00 - [312]
 

Originally by: Feyloan


@Atherin: I would not have a problem with giving account details to a trusted individual to keep watch, HOWEVER, the beauty of this project is that I only HAVE to be online in Eve when the copies are produced, as this is the only time critical to success. I also will have more time again for eve once this month is over.




I don't see that as "beauty" when you weren't even able to find time to be on the 5 minutes you HAD to be online during the time that was "critical to success". Namely when the BPCs needed to be sold.


Jen Newb
Posted - 2008.02.23 21:32:00 - [313]
 

Originally by: Ricdic's Hoe

Stuff


I agree 100%


Bitter Brain
BOMEN production
Posted - 2008.02.23 21:45:00 - [314]
 


Jen Newb is my alt Embarassed

I agree with what he says Laughing

Slasher Arcana
Posted - 2008.02.24 13:11:00 - [315]
 

What IS happening?

It's been 21 days since the 3rd of Feb...

Neutral

Ricdic
Caldari
Caldari Provisions
Posted - 2008.02.24 17:37:00 - [316]
 

I just advised Feyloan of this post, he should respond very shortly.

Feyloan
Posted - 2008.02.24 23:40:00 - [317]
 

Originally by: Atherin Gaius


I don't see that as "beauty" when you weren't even able to find time to be on the 5 minutes you HAD to be online during the time that was "critical to success". Namely when the BPCs needed to be sold.




The 5 minutes I have to be on not to loose time are when the copies come out and I put the BPOs back in for copying/ As I said above, with regards to selling, there was a decrease in demand pre patch this month, and that was visible in the price of the BPCs. As such, I did not want to sell them wildly below value.

As for the update, all I had to say was posted above. There will be a 7th BPO being added to the corp, which will also be locked down in ZZZ. The shares have all been redistributed, and as such, all can run smoothly again as planned.

Bakimi has set up the first contract as well now, there will be one going up each day. Todays is the Charon, tomorrows will be an Obelisk, I invite you to check / monitor, whatever you please.

Feyloan
Posted - 2008.02.27 13:03:00 - [318]
 

There are now 4 BPCs on Contracts, all under Bakimi. 2 more are currently in my possession for contracting, 1 Charon and 1 Obelisk BPC. The next round of copies is also going to be ready within the week, so expect some nice divies the next 14 days.

Atherin Gaius
Caldari
Macabre Votum
Morsus Mihi
Posted - 2008.02.28 18:42:00 - [319]
 

i see three on contract....so I am hoping that one sold.

are you going to be doing a ME research on the BPOs? it seems that many of the other BPCs on contract have ME of 1 or higher.

Also, have you made a post on the sell forum. That may also help move the BPCs faster.

Feyloan
Posted - 2008.02.29 10:14:00 - [320]
 

The BPO to be added will give the corp 7 BPOs, 1 or 2 will then be put into ME Research (depending on pricing and dividends, if I can achieve the goal with "only" 5 copies, then I will do that for long term growth)

Shadarle
Posted - 2008.02.29 17:01:00 - [321]
 

I am shocked you're adding more BPO's at this point in time... when basically every other person with freighter BPO's is looking to unload them due to falling profits.

Prices are dropping like lead balloons on these things because everyone and their brother, including IPO's like this one, thought they'd get rich copying them. Every day you waste selling them is a potential loss of profit, just FYI.

Within a 4-5 months it is likely these copies will likely be selling for 100 mil or less... which means a 4% monthly ROI or so. I'd strongly suggest you stop buying new BPO's... but it's of course your own choice.

Feyloan
Posted - 2008.03.03 08:39:00 - [322]
 

Originally by: Shadarle
I am shocked you're adding more BPO's at this point in time... when basically every other person with freighter BPO's is looking to unload them due to falling profits.

Prices are dropping like lead balloons on these things because everyone and their brother, including IPO's like this one, thought they'd get rich copying them. Every day you waste selling them is a potential loss of profit, just FYI.

Within a 4-5 months it is likely these copies will likely be selling for 100 mil or less... which means a 4% monthly ROI or so. I'd strongly suggest you stop buying new BPO's... but it's of course your own choice.


At the end of the day, the 12,5 bilion isk raised allows the purchase of a 7th BPO, that is all I am doing, using the isk saved by going to ZZZ. Also it will enable me to start ME research, giving a higher selling potential.

Dividends will be coming tonight by the way, at which point two more contracts will be going up.

Egne Ver
Caldari
The Reckoning
Posted - 2008.03.05 09:44:00 - [323]
 

Edited by: Egne Ver on 05/03/2008 09:44:18
nm

Slasher Arcana
Posted - 2008.03.05 13:35:00 - [324]
 

Originally by: Feyloan
Originally by: Shadarle
I am shocked you're adding more BPO's at this point in time... when basically every other person with freighter BPO's is looking to unload them due to falling profits.

Prices are dropping like lead balloons on these things because everyone and their brother, including IPO's like this one, thought they'd get rich copying them. Every day you waste selling them is a potential loss of profit, just FYI.

Within a 4-5 months it is likely these copies will likely be selling for 100 mil or less... which means a 4% monthly ROI or so. I'd strongly suggest you stop buying new BPO's... but it's of course your own choice.


At the end of the day, the 12,5 bilion isk raised allows the purchase of a 7th BPO, that is all I am doing, using the isk saved by going to ZZZ. Also it will enable me to start ME research, giving a higher selling potential.

Dividends will be coming tonight by the way, at which point two more contracts will be going up.


I hate to nag but what's the status?

Shadarle
Posted - 2008.03.05 18:06:00 - [325]
 

Originally by: Feyloan
Also it will enable me to start ME research, giving a higher selling potential.


Just curious, how much experience do you have selling these things? As far as I can tell ME makes 0 difference now that supply is so incredibly large and demand is mostly from T2 producers. But that's just my opinion. Now, if you want to sell the BPO at some point then ME1 is important indeed. Though I'd say that just because you have spare money sitting around doesn't mean you have to use it... sometimes it is better to give it back to the investors then to invest it in a dying business model. But again, that's just my opinion. I do happen to have a lot of experience on this topic though.

Herodian
Minmatar
Gladius Noctem
Posted - 2008.03.05 19:36:00 - [326]
 

Originally by: Feyloan

Dividends will be coming tonight by the way, at which point two more contracts will be going up.


Which tonight were you referring to?

A good dividend makes for a good everything else... ;-)

Slasher Arcana
Posted - 2008.03.05 22:52:00 - [327]
 

Originally by: Herodian
Originally by: Feyloan

Dividends will be coming tonight by the way, at which point two more contracts will be going up.


Which tonight were you referring to?

Two tonights have come and gone. ugh

Feyloan
Posted - 2008.03.06 16:55:00 - [328]
 

Originally by: Shadarle
Originally by: Feyloan
Also it will enable me to start ME research, giving a higher selling potential.


Just curious, how much experience do you have selling these things? As far as I can tell ME makes 0 difference now that supply is so incredibly large and demand is mostly from T2 producers. But that's just my opinion. Now, if you want to sell the BPO at some point then ME1 is important indeed. Though I'd say that just because you have spare money sitting around doesn't mean you have to use it... sometimes it is better to give it back to the investors then to invest it in a dying business model. But again, that's just my opinion. I do happen to have a lot of experience on this topic though.


I agree on the part that Tech 2 are the main buyers. However the ones getting higher prices are BPC's with ME research on them, due to Tech 2 guys not caring which ones to buy, and the builders looking more for BPCs with ME on them (this is what I have noticed monitoring the market the last 3 months, please correct me if I am wrong).

As to the dividend payments, unfortunately the two copies which were contracted to sell that evening didn't, however a Fenrir and a Charon now have sold, so there will finally be iskies...

VO Mathilda
Posted - 2008.03.23 19:54:00 - [329]
 

So what's happening whit this IPO??

Haven't gotten an update in ages!!

Regards

VO Mathilda

Feyloan
Posted - 2008.03.25 10:06:00 - [330]
 

Dividend of 300 mio will be distributed either this evening or tomorrow evening


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