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BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.03 14:19:00 - [1]
 

Edited by: BSAC MMM on 28/01/2009 03:46:26


BSAC MinMa Information Desk

The purpose of this thread is to keep current shareholders and interested investors informed about the progress of MinMa. This thread is linked to my signature, will post current events, progress reports, and future share release dates.

Public Offer December 12, 2007
3,000,000 Block Mineral Reserve Shares @ 100,000 ISK per share.


Prospectus

1st Revision Jan 8, 2008
Summary of Changes and Discussion

BSAC Exchange


Website


BSAC Financial Reports



News

12/04/08 Batch 13 Available
11/14/08 No bond required to bid in the BSAC Exchange
11/13/08 BSAC Exchange Open
11/13/08 Batch 12 Sold Out
11/03/08 Pricing Shares - new valuation method
11/02/08 October Distributions
10/18/08 Batch 12 - Available
10/09/08 EBANK auction ended
10/08/08 24 hrs shares auctioned by EBANK
09/28/08 Batch 11 Sold Out
09/22/08 Futures Contracts
09/17/08 NEW "Trade" your BSAMR shares section
09/15/08 Batch 11 - Available
09/05/08 Batch 10 - Sold Out

08/30/08 August distributions



Disclaimer: BSAC is not responsible for any securities acquired via non-authorized agents. We use a stock ledger to authenticate shares and investors. Do NOT accept any “EVE Mineral Reserve” shares as these are now obsolete. BSAMR shares must be traded through BSAC and recorded in the stock ledger for authenticity.

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.03 14:20:00 - [2]
 

Edited by: BSAC MMM on 03/11/2008 13:55:24

Share Release


2008
Oct 18 Batch 12
Sep 15 Batch 11
Sep 02 Batch 10
Jul 10 Batch 09
Jun 06 Batch 08
May 16 Batch 07
May 02 Batch 06
Apr 04 Batch 05
Mar 03 Batch 04
Feb 07 Batch 03
Feb 01 Batch 02
2007
Dec 12 Batch 01



Archive


07/31/08 July distributions
07/10/08 Batch 09 - Sold Out
07/02/08 June distributions scheduled for today and tomorrow.
06/06/08 SencneS "offer to purchase any BSAMR Stock at 100% it's value"
06/05/08 Batch 08 - Sold Out
05/15/08 Batch 07 - Sold Out
05/02/08 Batch 06 - Sold Out
05/01/08 Distribution Process
04/29/08 Scheduled distributions April 30.
04/02/08 Batch 05 - Sold Out
03/25/08 Scheduled distributions March 31. Eve-mail portfolio changes by March 30.
03/17/08 Ghost Emperor accepts a position in the Board of Directors
03/05/08 Batch 04 - Sold Out
02/27/08 Distributions and Cashflow Feb 2008
02/20/08 Selling your shares
02/12/06 MinMa Feb 12 Report
02/07/08 Batch 03 - Sold Out
01/31/08 Batch 02 - Feb 1, 2008 - Sold Out.
01/27/08 Board approves 20% NAV MinMa share purchase limit
01/16/08 “EVE Mineral Reserve” shares are obsolete and were replaced with “Block Mineral Reserve” shares.
01/11/08 Summary Report and Stock Ledger
01/11/08 MinMa Upcoming Change

12/17/07 Week One Snapshot
12/10/07 Original Prospectus
11/26/07 MinMa Mineral Contracts
11/13/07 MinMa Underwriters
11/07/07 BSAC Mineral Market Manipulation
11/05/07 MinMa Trustee



Block Ukx
Forge Laboratories
Posted - 2007.12.03 14:24:00 - [3]
 

Edited by: Block Ukx on 20/05/2008 14:42:24

Block Ships and Ammunitions Corporation


“Block Ships and Ammunitions”
aka Capital Ships Fund
Ticker BSAC
Tradable in RESX


“BSAC Preferred Stock”
Ticker BSACP
Non-tradable
Under Liquidation



“BSAC Common Stock”
aka BSAC Mineral Reserve
Ticker BSACC
Tradable in EGSEx and RESX


“Block Mineral Reserve”
Ticker BSAMR
Non-tradable


“Block Mineral Reserve Dividends”
Ticker BSAMT
Tradable







Note: BSAC MMM is my alt and that he is going to handle the sales of the offered shares.





desmuction
Posted - 2007.12.04 01:00:00 - [4]
 

this is a joke

Nummb
Amarr
Posted - 2007.12.04 01:48:00 - [5]
 

Originally by: desmuction
this is a joke


Please explain or go troll somewhere else. I have known Block for almost a year now and he has always taken the time to talk to me and answer any question I have ever had for him.

His plan has been outlined in the forums and discussed quite in depth. There are some who doubt his plan, that is fine, there are others who have already invested hundreds of millions of isk through Block and have been quite happy with the results.

Yes, I endorse Block and BSAC. I am invested in BSAC and I put my mouth where my isk is, do you?

NeoTrade
Posted - 2007.12.04 03:25:00 - [6]
 

Originally by: Nummb
Originally by: desmuction
this is a joke


Please explain or go troll somewhere else. I have known Block for almost a year now and he has always taken the time to talk to me and answer any question I have ever had for him.

His plan has been outlined in the forums and discussed quite in depth. There are some who doubt his plan, that is fine, there are others who have already invested hundreds of millions of isk through Block and have been quite happy with the results.

Yes, I endorse Block and BSAC. I am invested in BSAC and I put my mouth where my isk is, do you?


Dont worry - he has posted "this is a joke" in about 20 other threads in the past 20mins. He is just spamming.

Yvelle
Mad Cow Inc.
Posted - 2007.12.04 07:35:00 - [7]
 

I'll be looking forward to this IPO.

Raskor
Deep Core Mining Inc.
Posted - 2007.12.07 04:30:00 - [8]
 

We have to invest 1 billion isk to get actual shares in our wallet? If we invest less than that, it's just a note in a spreadsheet?

Every quarter (3 months) share dividends will be given out to anyone with 200m or more invested as long as all shares have not been sold. Does this include all 10m treasury shares or only the initial 3m shares?

What if any security exists on this investment to insure the corp assets against insider embezzlement?

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.07 12:15:00 - [9]
 

Originally by: Raskor
We have to invest 1 billion isk to get actual shares in our wallet? If we invest less than that, it's just a note in a spreadsheet?


NO. You will receive shares whether you invest 10 M or 1 B. In the event no underwriter steps forward, minimum investment will be lowered to 100 M to open a Regular account. You can purchase shares by sending ISK to “BSAC MMM.” If you invest less than the Regular account minimum you will be assigned a “Restricted” account. The only benefits of a restricted account is that it allows you to trade shares publicly and allows you to purchase additional shares before a share block is made available to the public. Restricted accounts are upgradable to Regular accounts by meeting the minimum investment.

Originally by: Raskor
Every quarter (3 months) share dividends will be given out to anyone with 200m or more invested as long as all shares have not been sold. Does this include all 10m treasury shares or only the initial 3m shares?


Restricted accounts are not entitled to share distributions of any kind until they meet the minimum investment required for Regular accounts. Regular accounts are entitled to share distributions that will be recorded electronically. Once a Regular account meets a Premier account minimum, shares will be distributed to the shareholder. Retained earnings will be added to the share price once the fund is fully subscribed (10 M shares).

Originally by: Raskor
What if any security exists on this investment to insure the corp assets against insider embezzlement?



That would be the Board of Directors job. A shareholder should contact a member of the Board of Directors if he has any concerns regarding embezzlement or any other aspect of his investment. In addition, the fund is open to a third-party audit by a reputable source at your own expense.

BSAC Board of Directors
Bogor
Hori To (on leave)
Neutrino Sunset
No Talent
Nurst (on extended leave)
Poison
Raquaine
SencneS

SencneS
Rebellion Against Big Irreversible Dinks
Posted - 2007.12.07 18:23:00 - [10]
 

You're all free to contact me about your questions or concerns, I will do my best to answer your questions.

As a Board of Director for this public corporation and Bank of EVE (EBank, not the scam Bank of EVE) you can count on me to give an honest answer. I will draw on my own conclusions about this project with the information given to me. I may take some times to answer your questions about this project to verify my information, however you can expect my honest answer.

Shar Tegral
Posted - 2007.12.07 18:31:00 - [11]
 

Edited by: Shar Tegral on 07/12/2007 18:44:31
NVM Found the info I was looking for in the prospectus link.

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.10 12:29:00 - [12]
 

Poison, a member of the Board of Directors, discovered a loop hole regarding our 24hr cancellation policy listed under the redemptions rules.

5) 24hrs cancellation policy. Place your transaction requests carefully, but if you change your mind about a purchase, BSAC will refund your ISK free of charge. This rule does not apply to trades.

Any underwriter could have potentially used it as an exploit. Therefore, redemption rule 5 was removed from the prospectus.


BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.11 13:17:00 - [13]
 

Batch 01 – 200,000 Shares – Dec 12, 2007
Our first batch of shares is available to the public. Shares will be sold on a first come first serve basis. If you are interested in purchasing shares, please send ISK to “BSAC MMM” or post your request here. 48 hours reserved will be allowed.

Sales thread


BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.12 11:44:00 - [14]
 

The confirmed investors list will be updated periodically in the sales thread.

Shares Available: 158,700
Share Price: 100,000 ISK
Minimum Investment: 100 M

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.13 13:17:00 - [15]
 

Operations commenced two days ago and everything is going well. For the time been Capital gains will be recorded daily and distributions will be prorated according to time × investment amount.

Total Deposits: 3,530,000,000 ISK


BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.14 19:26:00 - [16]
 

Total Deposits: 4,830,000,000 ISK

NeoTrade
Posted - 2007.12.14 21:33:00 - [17]
 

Can I buy shares now - like 500m - then upgrade and buy more later - so I get a premium account?

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.15 04:02:00 - [18]
 

Originally by: NeoTrade
Can I buy shares now - like 500m - then upgrade and buy more later - so I get a premium account?


Yes, you can upgrade to a premium account any time.

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.17 12:17:00 - [19]
 

Week One Snapshot

BSAC will publish a monthly report describing the progress in this venture. However, a few investors were very interested in learning how things were moving along. Attached is a link to a pdf file with the summary statement.

I should caution everyone that the short-term gains that I have seen are not sustainable and I suspect they will decrease substantially once the market starts to catch up. So please, do not assume that we will continue to experience such large returns. However, there still significant room to continue our progress.

Forecast earnings are probably a better measure of future returns. I expect these earnings over a three month period, which is well within our target goal of 5% growth.

Total Deposits: 5,000,000,000 ISK

Summary Report


Poison
Forge Laboratories
Posted - 2007.12.18 06:06:00 - [20]
 

Good job block!

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.20 13:47:00 - [21]
 

Thanks Poison.


Total Deposits: 5,600,000,000 ISK (5.6 B out of 20 B)


I would like to point out that the next 20 B batch won’t be sold immediately following the first batch. There will likely be a dead period to fully analyze the mineral manipulation effects and to properly adapt our strategy to the market.

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.22 06:18:00 - [22]
 

Total Deposits: 6,200,000,000 ISK (6.2 B out of 20 B)


Ricdic
Caldari
Caldari Provisions
Posted - 2007.12.22 07:05:00 - [23]
 

Hey simple query.

Can we get a list of the members on your board of directors please. I have seen 2 so far, SencneS and Poison, wondering who else you have under the collar.

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.22 15:43:00 - [24]
 

Originally by: Ricdic
Hey simple query.

Can we get a list of the members on your board of directors please. I have seen 2 so far, SencneS and Poison, wondering who else you have under the collar.


BSAC Board of Directors
Bogor
Hori To (on leave)
Neutrino Sunset
No Talent
Nurst (on extended leave, I think he stop playing eve)
Poison
Raquaine
SencneS

Public Website


BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.23 22:49:00 - [25]
 

Total Deposits: 6,850,000,000 ISK (6.85 B out of 20 B)



Poison
Forge Laboratories
Posted - 2007.12.24 21:34:00 - [26]
 

Originally by: Ricdic
Hey simple query.

Can we get a list of the members on your board of directors please. I have seen 2 so far, SencneS and Poison, wondering who else you have under the collar.


Was there a question you had for the board Ricdic or just wondering who was really on it?

Prokonsul Piotrus
Minmatar
Prokonsular Republic
Posted - 2007.12.26 01:00:00 - [27]
 

Since I am new to EVE finances, please bear if those question seem to newbie (but yes, I have raed the prospectus).

1) Since there are no underwriters, how come orders for under 1 billion / 10 000 shares are accepted? Isn't your reply to Raskor on 2007.12.07 12:15:00 contradicting the prospectus (p.6 Account Summary)?

2) Does it matter if I buy 1000 shares for 100m or 10 000 for 1 billion? Why would I care if my shares are recorded electronically or distributed to me (particularly in light of my question above)?

3) If at some point I want to get rid of my shares and transfer them back into isks, how can this be done? Via EVE share exchanges only?

4) Since it took close to 2 weeks to sell half of the Bach 01 200,000 shares, a simple trend analysis indicates that it will take about 60 weeks - over a year - to sell the "3,000,000 Eve Mineral Reserve Shares" annouced in the offer. This may indicate that you have overestimated available capital, and will fail to gather enough funds to carry out your operation in a reasonable timeframe. How would you reply to this?

5) If your stock underperforms (dividends will be under 5% for several months), what will you do?

Thanks,

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.26 04:51:00 - [28]
 

Originally by: Prokonsul Piotrus

1) Since there are no underwriters, how come orders for under 1 billion / 10 000 shares are accepted? Isn't your reply to Raskor on 2007.12.07 12:15:00 contradicting the prospectus (p.6 Account Summary)?


Since there are no underwriters, BSAC will sell regular accounts with a 100 M minimum investment. A revised prospectus will be published in January.

Originally by: Prokonsul Piotrus

2) Does it matter if I buy 1000 shares for 100m or 10 000 for 1 billion? Why would I care if my shares are recorded electronically or distributed to me (particularly in light of my question above)?


At the present time shares are non-tradable. However, we plan to request listing in various stock exchange. If you recieve shares, you might sell them in the stock exchange for ISK, or sell them back to BSAC. With the new propectus revision we plan to include a buy-back policy.

Originally by: Prokonsul Piotrus

3) If at some point I want to get rid of my shares and transfer them back into isks, how can this be done? Via EVE share exchanges only?


See above

Originally by: Prokonsul Piotrus

4) Since it took close to 2 weeks to sell half of the Bach 01 200,000 shares, a simple trend analysis indicates that it will take about 60 weeks - over a year - to sell the "3,000,000 Eve Mineral Reserve Shares" annouced in the offer. This may indicate that you have overestimated available capital, and will fail to gather enough funds to carry out your operation in a reasonable timeframe. How would you reply to this?


We are working with the current capital and will continue to do so. This is a long term project and like you pointed out it will take a long time to fully mature.

Originally by: Prokonsul Piotrus

5) If your stock underperforms (dividends will be under 5% for several months), what will you do?
Thanks,



I imagine that the Fund will have good months and bad months. Our target is 5% growth. However, if the Fund performs better shareholders will fully benifit from it and recieved their share.

BSAC MMM
EVE Mineral Reserve
Posted - 2007.12.28 18:26:00 - [29]
 

Total Deposits: 9,450,000,000 ISK (9.45 B out of 20 B)



Prokonsul Piotrus
Minmatar
Prokonsular Republic
Posted - 2007.12.28 18:58:00 - [30]
 

When can we expect the revised prospectus we discussed?


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