open All Channels
seplocked Market Discussions
blankseplocked L.U.R.C.H. Corp IPO
 
This thread is older than 90 days and has been locked due to inactivity.


 
Pages: 1 2 [3] 4 5

Author Topic

Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.05 13:08:00 - [61]
 

Originally by: Amarr Citizen 155
I guess there's a couple of ways I could take that. Anyways, the stuff I was going to say has already been said but basically my comment about 13 billion being too much is really what it comes down to. Why purchase 1 year's worth of GTC's per character? Why not purchase them as you go and as they are needed using some of the isk profits? There just seems to be a lot of extra isk in this IPO that doesn't need to be.


Our plan has us mining 8 hours a week to provide divs while not burning out. If we had to mine to survive:
Month 1-2: We wouldn't be able to pay divs, all cash would go into the corp and we would have to mine roughly 15-20 hours a week. (This is definatly burnout territory.)
Month 3-4: Still no divs, but we could probably get away with 9-10 hours a week, and all cash would go back to the corp.
Month 5-6: Finally, we'd be down to the goal of 8 hours/wk. If original investment was say, 4bil, divs from here on out would be about 10%.
That is, assuming we made through the first month.

With the current plan, at 13bil, we're payings divs at month 1. Divs get sweeter through months 2-5, and still cap out around 10%.

Honestly, I'm pretty OK with what we've got so far. D23 and I will have about 21% of the investment capital after JNA tosses us his investment, and we have 4 months to prove ourselves, and almost 8 bil's worth of shares we can buy to increase our own share. So I'm looking forward to making myself, D23, and JNA alot of money. And I'm pretty sure once we get started and prove that we can do it, we'll get a few interested parties to to invest some money.

--Meph

Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.05 13:25:00 - [62]
 

Originally by: cosmoray

The best bet for refining is to partner with an industrialist with good standing who needs the minerals.

In fact if you want to have a contract with me, I can give you retreivers/covetors for free, while training for hulks.
I will then purchase all the ore you can mine at market rate. I have perfect refine and standings.

I need billions of ISK in minerals every month. You could easily earn the GTC working under contract and without the need to work excessive hours to pay off interest.

If you require a loan to purchase hulks, I could loan you the money to do that and you pay it off in allowing me to purchase ore at below market rate until loan is paid off.


D23 and Kruntologist were both right. The answer as to why we want to do this the way outlined in the IPO is to avoid mining-to-survive burnout.
Kruntologist was partialy right, and I should have responded.

Cosmoray, I appreciate the offer. But the first few months of mining to survive would kill us, and we'd likely not make it to hulks.
I am an industrialist in good standing, also with perfect refine. I'll be refining for the miners. I was planning to take my half of the 15% worker wages as minerals.
However, in the coming months we will be in contact with you and YouGotRipped (he also offered to purchase the minerals) to sell our minerals.

I look forward to doing business with the both of you.

--Meph

Sethi3
Posted - 2008.07.05 17:22:00 - [63]
 

Originally by: Mephie
Originally by: Sethi3
Is it just me, or this IPO is going no where? Rolling Eyes


I can assure you, we're not going to fold yet.

--Mephie


Looks like I said it too fast. My bad. My apologies.

IMO, your IPO is looking more solid as you offer more and more explaination. I have to admit, it has created an interest in me for this IPO.

cosmoray
Perkone
Posted - 2008.07.05 20:00:00 - [64]
 

Originally by: Mephie
Originally by: cosmoray

The best bet for refining is to partner with an industrialist with good standing who needs the minerals.

In fact if you want to have a contract with me, I can give you retreivers/covetors for free, while training for hulks.
I will then purchase all the ore you can mine at market rate. I have perfect refine and standings.

I need billions of ISK in minerals every month. You could easily earn the GTC working under contract and without the need to work excessive hours to pay off interest.

If you require a loan to purchase hulks, I could loan you the money to do that and you pay it off in allowing me to purchase ore at below market rate until loan is paid off.


D23 and Kruntologist were both right. The answer as to why we want to do this the way outlined in the IPO is to avoid mining-to-survive burnout.
Kruntologist was partialy right, and I should have responded.

Cosmoray, I appreciate the offer. But the first few months of mining to survive would kill us, and we'd likely not make it to hulks.
I am an industrialist in good standing, also with perfect refine. I'll be refining for the miners. I was planning to take my half of the 15% worker wages as minerals.
However, in the coming months we will be in contact with you and YouGotRipped (he also offered to purchase the minerals) to sell our minerals.

I look forward to doing business with the both of you.

--Meph


You guys are seriously starting to confuse me!!!!!!
There are some inconsistencies, and some questions that need answering.

If you have good standings and perfect refine skills, why do make skill training statement about that in your IPO?

The main point

If people invest in an IPO they need to make a reasonable return.
Most people will be looking for a return of at least 6-8% per month.

On a 13B IPO:
To pay yourselves, earn money for your investors you will need to work VERY, VERY HARD. Your business model dictates this.

No matter which way you look at it, the business will require a huge ISK seller type grind.
Whether you partner with an industrialist or go it alone you will have to mine a HELL of a LOT.

You are already making statements about burning out before getting into HULKS if you partnered with me, this will be the same if you go it alone.

I think this IPO has either....

1. Not been well thought through in terms of workload
2. Or quite a cute scam

whatever, I do not think you will raise what is required even with an audit.
In this case the audit does not have any bearing on your business model!

Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.05 23:32:00 - [65]
 

Originally by: cosmoray


If you have good standings and perfect refine skills, why do make skill training statement about that in your IPO?




We did, excerpts from the OP:
From "The people":
Mephie - MissionRunner, Industrialist, Commandship pilot
From "The Plan":
3. Use miners to mine ore while leveraging main characters' skills (MiningDir4, WarfareLinkSpec5, Command ships, perfect refine, jetcan haulers) for additional profit.

Originally by: cosmoray

If people invest in an IPO they need to make a reasonable return.
Most people will be looking for a return of at least 6-8% per month.



This was covered in one of my posts where I made dividend projections(estimated 3% in month 1-2, 3-4 around 7%, about 10% from month 5 on), and is now listed in Lurch's second post.

Originally by: cosmoray
On a 13B IPO:
To pay yourselves, earn money for your investors you will need to work VERY, VERY HARD. Your business model dictates this.

No matter which way you look at it, the business will require a huge ISK seller type grind.
Whether you partner with an industrialist or go it alone you will have to mine a HELL of a LOT.

You are already making statements about burning out before getting into HULKS if you partnered with me, this will be the same if you go it alone.


Thats because, if we partnered with you, we would have to mine-to-survive™, and that would burn us out. This is why we went for investor money, we can keep a schedule, pay divs, and not burn out.

Originally by: cosmoray

I think this IPO has either....
1. Not been well thought through in terms of workload
2. Or quite a cute scam



Neither, it's seeming that alot of people are getting hung up on the amount of mining. These are very streamlined characters, retrievers in 2 weeks, hulks in 70days. I think I spent 3-4 hours simply going through my spreadsheets to determine the best Race/Bloodline/StatPlacement for optimal training times. In addition, I have pretty beefy leadership bonuses, and by the time these characters are in hulks, I'll have a Foreman Mindlink in my nugget (all of my projections only take into account my current leadership skills). The first few months will be lean on dividends, that is true simply because thier skills aren't up to par and we're not going to burn ourselves out trying to pay 10% divs with retrievers.
We'd rather start up, set a pace, and keep that pace through the entire project.

--Meph

Zanphear
Amarr
The Booby Trap
Posted - 2008.07.06 00:00:00 - [66]
 

Edited by: Zanphear on 06/07/2008 00:01:41
Edited by: Zanphear on 06/07/2008 00:00:44
Originally by: cosmoray

If people invest in an IPO they need to make a reasonable return.
Most people will be looking for a return of at least 6-8% per month.



Originally by: Mephie
This was covered in one of my posts where I made dividend projections(estimated 3% in month 1-2, 3-4 around 7%, about 10% from month 5 on), and is now listed in Lurch's second post.


Or a total of about 5.83% a month, which with the already such a high risk investment, even if its NOT A SCAM, the 5.83% simply, to me atleast does not cover the sheer risk in this even if its NOT A SCAM :)

And if you wish to make the dividends better on the same plan it would mean even higher risk.

Can I ask why you cant start off with a smaller capital, pay for maybe 1 or 2 accounts with real life money, rest for few months with isk and then start mining and then sustain your plan without this need for 13 billion for GTC ?

Most IPO's ive seen around here the people use the isk to make profit, it makes sense, you on the other hand are using the isk for pure none profit related things and then plan to make massive profit from scratch, thats where it sais wait a second for me.

besids there is absolutly no gurentee that the IPO will end up making back the full investment at the end of the year which could negate the 5.5% a month to a loss, so like you said, if the character market crashes, or if you dont manage to sell your 5 mining characters at 2.6 billion isk per char, which is highly possible.

The investment will end up in loss, and after a year of the money beeing in someone elses hands the 5.5% a month and the very high risk of ending up in a loss has atleast left me out on investing in this unless this IPO takes a very drastic turn :)

I hope Im making any sense since Im tired as hell and Im sorry for posting this as I generally wouldnt want to tell people something I think is my own opinion and I doubt anyone cares about, but Im trying to be a bit more active on the forums, and it seems everyone else is doing it, so this is my take on the matter.


cosmoray
Perkone
Posted - 2008.07.06 00:10:00 - [67]
 

You stated that you mine Veldspar, you have good command ship bonuses.
In a perfect world of mining Veld, with good mining bonuses with dedicated haulers you earn about 8M ISK per miner per hr. Remember that is active mining with scanning, bookmarks, changing roids to keep maximum yield.

Now go back to your spreadsheet:

1. To pay at least 8% divs that is a payment of 1.03B ISk per month.
2. To pay yourself 15% that means earning 1.21B ISK per month
3. That equals 240M ISK per miner
4. At max ability mining with Hulk that is 30 hrs per month per miner of work.
5. For first 2 months in retreiver that is about 60-100 hrs per character

The above assumes only paying dividends. This doesn't touch capital.

To pay back capital you will have to sell your assets, in this case via character sales to pay investors. You willing to pay the $$ transfer on the 5 accounts, .... or

Are you will to mine about 50-70 hrs per month per miner to pay down capital.

It seems a wierd approach to need 13B for GTC, then use cash to pay back investors.
I find it difficult to believe that you will mine to infinitum to pay divs.

This is a wierd IPO, that people have tried to help you with, but you move around the realities a lot.
There is no security for investors, and your numbers and plan doesn't really add up.





Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.06 00:19:00 - [68]
 

Originally by: Zanphear

The investment will end up in loss, and after a year of the money beeing in someone elses hands the 5.5% a month and the very high risk of ending up in a loss has atleast left me out on investing in this unless this IPO takes a very drastic turn :)

I hope Im making any sense since Im tired as hell and Im sorry for posting this as I generally wouldnt want to tell people something I think is my own opinion and I doubt anyone cares about, but Im trying to be a bit more active on the forums, and it seems everyone else is doing it, so this is my take on the matter.




I'm interested in how you got to the avg 5.5% return. My math shows avg dividends of 8.33% over the year (I see two 3s, two 7s, and eight 10s, which I averaged to 8.33. Though admittedly, I'm tired too Wink), which equates to dividends paying back the initial investment 100%. So if the characters sold at 2.6bil each, then we've doubled everyones investment.

--Meph

Zanphear
Amarr
The Booby Trap
Posted - 2008.07.06 00:28:00 - [69]
 

Edited by: Zanphear on 06/07/2008 00:35:39
Edited by: Zanphear on 06/07/2008 00:32:52
Read my last post on page two, in there I take your words and turn it into math.

in there you said 5 months of 10%, now you say 8..

your now not only a risky investment but also you give random information, your not helping your caus.

Edit: sorry you always had it 8, but according to my math the end return will only be 5.83% a month, which you then confirmed in the post below that :)

second edit: your probly calculating the %´s together and then dividing or something, I calculated the total profit you were looking to make and then calculated the %'s in return the investors were getting, thouse calculations were all made with minimal isk made to make for your promise of return etc, so if that stands I think Im correct in the 5.83%

Dallas23
Posted - 2008.07.06 00:46:00 - [70]
 

Originally by: Zanphear
Read my last post on page two, in there I take your words and turn it into math.

in there you said 5 months of 10%, now you say 8..

your now not only a risky investment but also you give random information, your not helping your cause.


If you read that IPO this is for the course of 1 year (12 months)
months 1,2 = 3% dividends
months 3,4 = 7% dividends
months 5-12 = 10% dividends
average dividends payments over the course of 1 year = 8.33%

As you said Zanphear you are really tired it may be time to take a nap. This not an insult just a friendly suggestion. I hope that you do get some rest soon.

Cosmoray you are asking the same questions again and again. We have also answered your questions again and again. Please take the time read through the entire post.

Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.06 00:49:00 - [71]
 

Originally by: cosmoray

Now go back to your spreadsheet:

1. To pay at least 8% divs that is a payment of 1.03B ISk per month.
2. To pay yourself 15% that means earning 1.21B ISK per month
3. That equals 240M ISK per miner
4. At max ability mining with Hulk that is 30 hrs per month per miner of work.
5. For first 2 months in retreiver that is about 60-100 hrs per character


1. Yes.
2. Also correct.
3. That's the number I get also.
4. We've got 32 mining hours per month scheduled.
5. Which is precisly why the first few months are not going to be 8% returns. We would burn out trying to hit 8-10% returns in retrievers, and that wouldn't do anyone any good.

Originally by: cosmoray

The above assumes only paying dividends. This doesn't touch capital.

To pay back capital you will have to sell your assets, in this case via character sales to pay investors. You willing to pay the $$ transfer on the 5 accounts, .... or



Yup, that's the plan.

Originally by: cosmoray

Are you will to mine about 50-70 hrs per month per miner to pay down capital.

It seems a wierd approach to need 13B for GTC, then use cash to pay back investors.
I find it difficult to believe that you will mine to infinitum to pay divs.


Not to infinitum. 32 hours a month.

Originally by: cosmoray

This is a wierd IPO, that people have tried to help you with, but you move around the realities a lot.
There is no security for investors, and your numbers and plan doesn't really add up.



Wierd? Sure, I can agree with wierd.
Security? Well, I know I'm not going to scam you. JNA is certain I'm not going to scam him. I submitted to an audit, and Shar seems to think that I'm on the level. She'd probably even agree with you on 'weird' though.
Numbers? I think my numbers do add up. 5 characters, 24% (current) mining bonus, less 15% worker fee is:
(5*1.24)*.85 = 5.27 miners equiv.
So even after our workers fee, we still get more ore than 5 miners would mine to pay divs with.

And all of my calculations dont take into account mining drones or me getting a Foreman link into my head. I like to project conservatively.

--Meph

cosmoray
Perkone
Posted - 2008.07.06 00:54:00 - [72]
 

Difficult to scam JNA with a contract for mins.

The audit doesn't really buy you anything here except for skills.

Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.06 00:57:00 - [73]
 

Originally by: Zanphear

sorry you always had it 8, but according to my math the end return will only be 5.83% a month, which you then confirmed in the post below that :)


I apologize too, I think I set you down the wrong course. The post below said you were 'Mostly right', but I dont think I went into enough detail.
In your post, you took my projected divs, then took out our 15%.
My projected divs already had our 15% taken out.

--Meph

Enihcam Xes
Posted - 2008.07.06 01:08:00 - [74]
 

Edited by: Enihcam Xes on 06/07/2008 01:21:08
I'm in for 250M isks.

edit:
wait, I'm confused by this lurch guy not being listed in the post about who is in the offering. What is the correct way to actually make my investmet in this offering?

Zanphear
Amarr
The Booby Trap
Posted - 2008.07.06 01:09:00 - [75]
 

Ah ok, now I get it :)

then Im sorry for what Ive said, but I still look at this as an extremly risky and "not so worth it" IPO, Im sorry but that will be my opinion unless some drastic turn of events will happen here, Ill stop posting in this thread now since I dont think Im posting anything constructive anyway.

CornerStoner
Posted - 2008.07.06 01:51:00 - [76]
 

This IPO seems very risky to me for a few reasons.

13bil to buy GTCs, skillbooks, implants and ships etc. Only the ships are actual assets IMO. You can claim the toons are assets, and they might be...if you can sell them to repay the principal left over. "If" is a four letter word in any investment.
You plan to pay yourself 15% AND collect dividends on the substantial amount of shares you'll own. Wouldn't reducing the 13bil needed and using that 15% to buy whatever over time be more reasonable?
A major reworking of this IPO could attract all the investors you need in short order.
I'd like to see this work, but 13bil and a year of labor would look daunting to anyone. Maybe if you started with a smaller timescale it could work. You could always hold a large portion of shares in the corp wallet to raise more capital as needed. If the shares are listed on RESX and you are doing well it might turn out to make you more money than if you sold them all at the start.

Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.06 02:24:00 - [77]
 

Originally by: Enihcam Xes
Edited by: Enihcam Xes on 06/07/2008 01:21:08
I'm in for 250M isks.

edit:
wait, I'm confused by this lurch guy not being listed in the post about who is in the offering. What is the correct way to actually make my investmet in this offering?


you can send the isk to Headmaster Lurch. He is the Founder and CEO of L.U.R.C.H. (note the periods), corp ticker is [LURCH].

--Meph

Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.06 02:26:00 - [78]
 

Originally by: Zanphear
Ah ok, now I get it :)

then Im sorry for what Ive said, but I still look at this as an extremly risky and "not so worth it" IPO, Im sorry but that will be my opinion unless some drastic turn of events will happen here, Ill stop posting in this thread now since I dont think Im posting anything constructive anyway.


No problem, no hard feelings, I wish you the best in your endeavours. =)

--Meph

Amarr Citizen 155
Nordar Innovations.
Posted - 2008.07.06 02:38:00 - [79]
 

Originally by: Mephie

Wierd? Sure, I can agree with wierd.
Security? Well, I know I'm not going to scam you. JNA is certain I'm not going to scam him. I submitted to an audit, and Shar seems to think that I'm on the level. She'd probably even agree with you on 'weird' though.



I would avoid dropping Shar's name in such a way other than to say HE completed the audit and what his findings were. To state "Shar seems to think that I'm on the level" implies that Shar has given you his blessing, which he has not. He completed the audit and reporting his findings. To say anything else puts his name and reputation on the line without his permission. I can't say whether he would be ok with you speaking on his behalf, but I would not.

On another note, I do like it when multiple people get together and do IPO's and I wish there were more multi-person IPO's. One thing I would suggest is that if there is more than 1 person inolved, select ONE person who is in charge of answering questions and reporting so we don't have to see both people answer the same questions and such.

Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.06 02:38:00 - [80]
 

Originally by: CornerStoner
This IPO seems very risky to me for a few reasons.

13bil to buy GTCs, skillbooks, implants and ships etc. Only the ships are actual assets IMO. You can claim the toons are assets, and they might be...if you can sell them to repay the principal left over. "If" is a four letter word in any investment.
You plan to pay yourself 15% AND collect dividends on the substantial amount of shares you'll own. Wouldn't reducing the 13bil needed and using that 15% to buy whatever over time be more reasonable?
A major reworking of this IPO could attract all the investors you need in short order.
I'd like to see this work, but 13bil and a year of labor would look daunting to anyone. Maybe if you started with a smaller timescale it could work. You could always hold a large portion of shares in the corp wallet to raise more capital as needed. If the shares are listed on RESX and you are doing well it might turn out to make you more money than if you sold them all at the start.



Yeah, I can understand how scary we look. Coming up out of seemingly no where, asking for 13bil and all. I dont blame anyone for calling us 'risky'.
Smaller timescale has its own problems. if you look at the dividend projections, 6 months wouldn't pay off, we'd have an average return of 6.6% which would only cover 40% of original cost. In this case, a 6 month plan is even riskier than a 12 month plan.
As far as incremental investment goes, thats what we're doing, JNA has reserved 4,000 shares. This, plus the 1,100 shares we purchased ourselves puts us over the 5bil we required to get started. The characters have been made, they have had thier implants installed, and they are training skills.
We have been in contact with Balogh and will be listing shares on RESX.

--Meph

Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.06 02:43:00 - [81]
 

Edited by: Mephie on 06/07/2008 02:47:22
Edit note: fixed my latin.
Originally by: Amarr Citizen 155


I would avoid dropping Shar's name in such a way other than to say HE completed the audit and what his findings were. To state "Shar seems to think that I'm on the level" implies that Shar has given you his blessing, which he has not. He completed the audit and reporting his findings. To say anything else puts his name and reputation on the line without his permission. I can't say whether he would be ok with you speaking on his behalf, but I would not.



I did spend a bit of time to carefully craft that sentence.
"Shar seems to think that I'm on the level"

Originally by: Shar Tegral

That being said, nothing special about these two, good or bad, and that makes my recommendation on this IPO as: risky but not scam



I believe that supports my statement. If Shar takes offence, I will wholeheartily apologize to him, prostrated e.h.g.o.

--Meph

Amarr Citizen 155
Nordar Innovations.
Posted - 2008.07.06 03:15:00 - [82]
 

Originally by: Mephie
Edited by: Mephie on 06/07/2008 02:47:22
Edit note: fixed my latin.
Originally by: Amarr Citizen 155


I would avoid dropping Shar's name in such a way other than to say HE completed the audit and what his findings were. To state "Shar seems to think that I'm on the level" implies that Shar has given you his blessing, which he has not. He completed the audit and reporting his findings. To say anything else puts his name and reputation on the line without his permission. I can't say whether he would be ok with you speaking on his behalf, but I would not.



I did spend a bit of time to carefully craft that sentence.
"Shar seems to think that I'm on the level"

Originally by: Shar Tegral

That being said, nothing special about these two, good or bad, and that makes my recommendation on this IPO as: risky but not scam



I believe that supports my statement. If Shar takes offence, I will wholeheartily apologize to him, prostrated e.h.g.o.

--Meph



Your quote only shows that his recommendation on this IPO is that its risky but not a scam. This does in no way state him giving you his blessing, as I mentioned in my post. It was his recommendation based off of the data provided by his API audit. As he mentioned in a later post:
Originally by: Shar Tegral

I also didn't bother with a fee and I'm not in a position at the moment to consider investing in this IPO.

(This is not an opinion on the IPO - I'm refraining from giving one.)[/justify]


His posts after the audit state his concerns for this offering, as he has many. A better way of saying what you were trying to say might be: "I submitted to an audit, and based on his findings Shar's recommendation is that this investment is risky but not a scam." To use any words other than his is where the problem occurs.

Mephie
Caldari
School of Applied Knowledge
Posted - 2008.07.06 03:41:00 - [83]
 

Originally by: Amarr Citizen 155

Your quote only shows that his recommendation on this IPO is that its risky but not a scam. This does in no way state him giving you his blessing, as I mentioned in my post. It was his recommendation
based off of the data provided by his API audit.


It seems you and I have differing definitions of "on the level".
To me, it doesnt imply "a blessing", it implies a belief of honesty, or lack of deception.
Shar investing I could see as a "blessing".

Originally by: Amarr Citizen 155

As he mentioned in a later post:


Originally by: Shar Tegral

I also didn't bother with a fee and I'm not in a position at the moment to consider investing in this IPO.

(This is not an opinion on the IPO - I'm refraining from giving one.)[/justify]


His posts after the audit state his concerns for this offering, as he has many. A better way of saying what you were trying to say might be: "I submitted to an audit, and based on his findings Shar's recommendation is that this investment is risky but not a scam." To use any words other than his is where the problem occurs.


And yet here you are, at the front of the line, being offended for Shar; which is different than putting words in his mouth?
As I stated earlier, if Shar finds offence to the words I chose, then I will answer to Shar.
Honestly this whole side conversation feels silly to me.

--Meph


Enihcam Xes
Posted - 2008.07.06 03:46:00 - [84]
 

"On the level" == "not a scam"

I'm taking this to be a high risk venture, and not investing any quantity of money I would be upset over losing.

Kwint Sommer
Caldari
Deep Core Mining Inc.
Posted - 2008.07.06 04:03:00 - [85]
 

I'm taking this as a terrible plan and not investing any quantity of money.

Amarr Citizen 155
Nordar Innovations.
Posted - 2008.07.06 04:07:00 - [86]
 

Originally by: Mephie

It seems you and I have differing definitions of "on the level".
To me, it doesnt imply "a blessing", it implies a belief of honesty, or lack of deception.
Shar investing I could see as a "blessing".
I can agree with you here in that we have slightly differing definitions. I base mine on a more broad set of standards that could mean is/is not a scam as well as is/is not a good investment. My point was that the way you worded it seems misleading. Nothing more to say on that as I have said what I wanted to say and nothing more needs to be said.

Originally by: Mephie

And yet here you are, at the front of the line, being offended for Shar; which is different than putting words in his mouth?

I'm not sure I follow you here. I'm not being offended for Shar, I am stating facts. Please go to page 2 and you can see his many concerns of this offering. You must have felt you made a good point there, sadly no. I'm merely pointing out what I feel is a misuse of words.

Originally by: Mephie

As I stated earlier, if Shar finds offence to the words I chose, then I will answer to Shar.
Honestly this whole side conversation feels silly to me.


Silly side conversation or not, this is a public offering on a public forum so I've every right to question each and every word in this thread if I feel the need. I felt you misrepresented Shar's opinions of your offering, and I based this off of his posts in this thread which is all I, a member of the Eve public, have to go off of. You used what some consider to be slang to descrbe his opinion, and slang is easily misinterpreted.

I don't feel this is a scam attempt based on the information in this thread, but I wouldn't want someone investing in this offeirng or any other simply because of a misinterpretation of words. Shar, and several others on this forum, carry a heavy reputation and many look to him(and others) for guidance when investing. Some would say that is their own fault if they get scammed but there will always be another force trying to keep the idiots or un-informed of the world safe from the mistakes they might make.

Please don't feel that I am trying to make this a big issue. I originally posted out of a small amount of concern and as more of an FYI. I won't lose any sleep over it and I doubt you will either.

Shar Tegral
Posted - 2008.07.06 05:08:00 - [87]
 

Originally by: Shar Tegral
That being said, nothing special about these two, good or bad, and that makes my recommendation on this IPO as: risky but not scam

Originally by: Mephie
I believe that supports my statement. If Shar takes offence, I will wholeheartily apologize to him, prostrated e.h.g.o.--Meph
One of them side notes this will be. Meph brought this little tête-à-tête to my attention and warned me that he did, in fact, paraphrase me. (very brave as you all know how warm & cuddly I am.)

Of course I suspect that Meph felt entitled to a bit of license as he & I have been in regular communication since the audit. We sit in a channel and we discuss a variety of solutions or adjustments to this ipo venture that he and Dallas are trying to start.

So, I suspect that he's speaking from having spent time with me working on this and my public statements in this thread. No way for anyone else to know of this and alter their opinions from the facts at hand.

Now, I am becoming inclined to invest in this myself. It is quite honestly social engineering, they speak competently, some personal disclosures that have slipped out have given me some confidence in their ability to spend the time needed to make this work.

So, put me down for 1 billion. I just need to wait for a teller (Not myself or Athre) to withdraw that from my Ebank account.

Praetorian I
Posted - 2008.07.06 05:23:00 - [88]
 

Edited by: Praetorian I on 06/07/2008 05:26:47
I'd also like to reserve 250million and I'd like to point out that based on statements made thus far I believe you've over diluted and can operate at significantly less financing, without any impact to the planned 8hour/week work schedule.

Please consider repackaging to a smaller seed amount that maximizes efficient use of revenue at each phase thereby increasing potential rewards at year end to shareholders.

Sensia Vitae
Posted - 2008.07.06 06:22:00 - [89]
 

I would like to reserve 100 mill in shares

Kazzac Elentria
Posted - 2008.07.06 06:45:00 - [90]
 

Wow people reserving this one?

I have shares to sell of a bridge, anyone interested?


Pages: 1 2 [3] 4 5

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