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blankseplocked [EBANK] The long, drawn-out death wail (dividends, and more to come)
 
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Johnny Ringo
Noir.
Noir. Mercenary Group
Posted - 2010.09.19 21:27:00 - [31]
 

Will the dividends be automatically paid to shareholders, or will there be some application process to convert shares into isk?

Kazuo Ishiguro
House of Marbles
Posted - 2010.09.19 21:38:00 - [32]
 

Farewell, then. I never invested, and nor was I involved with it in any other way, but I shall miss the forum drama.

Mme Pinkerton
The pink win
Posted - 2010.09.19 21:51:00 - [33]
 

so maybe now you can tell us:

what have you been doing for the last year?


how long did it take the staff to get a decent asset valuation after Ricdic's theft? for how long did you try to rebuild EBANK before deciding on liquidation? how many man-hours have been spent by EBANK staff on this project since the freezing of accounts? what happens to the retained staff wages, what about wages for employees that were hired after the freeze? will the liquidation be overseen by a 3rd party? What is going to happen to OOG EBANK assets (website & infrastructure, operating procedures/knowledge, ...)? Will there be any efforts to sell off these assets (for ISK) as part of the liquidation process?

Business Classy
Business Class Investments
Posted - 2010.09.19 22:08:00 - [34]
 

I believe you intended to pos this though:


Quote:
Aye, this is the last official announcement from the Ebank Rapscallions o' Directors.

Liquidation
EBANK is liquidatin'! Ye'll be gettin' me buried booty soon!

Why?
Pirate!

How?
Shares will be issued t' 'erified account holders, one share per full one million Dubloons. Di'idends will be issued as and when funds become a'ailable.

When?
Now. You have until the 1st o' December 2010 t' 'erify your account, af'er that no more shares will be issued and your balance will be sent to Davy Jones!

Verification
If ye've stored yer Api or Bleep key in our hold then your role in the process be done. The bank will re'iew your account and issue shares if no Jolly Roger be raised.

Last Word
Ne'er, e'er in'est in a 'bank' again.

Lecherito
Posted - 2010.09.19 22:29:00 - [35]
 

And so the final remanent of an ancient MD age finally moves on. I look forward to embracing the coming days with you all.

-L

Dzil
Caldari
Caldari Independent Navy Reserve
The Fourth District
Posted - 2010.09.19 23:13:00 - [36]
 

I'm on the fence about reposting "the banker went down to Jita"... though it feels now like the bank lost. Might have to redo the lyrics.


SetrakDark
DarkCorp Citizens Holdings
DarkCorp Citizens
Posted - 2010.09.19 23:30:00 - [37]
 

Great move.

Should have done it a year ago.

Disruptive Debby
EVE Corporation 192832849
Posted - 2010.09.19 23:57:00 - [38]
 

What a puussy scam

Dav Varan
Posted - 2010.09.20 00:03:00 - [39]
 

So ends the biggest scam in mmo history !

EBANK SencneS
Eve-Tech Savings n Loans
Posted - 2010.09.20 00:05:00 - [40]
 

Edited by: EBANK SencneS on 20/09/2010 00:06:31
Originally by: Mme Pinkerton
What have you been doing for the last year?

How long did it take the staff to get a decent asset valuation after Ricdic's theft?

For how long did you try to rebuild EBANK before deciding on liquidation?

How many man-hours have been spent by EBANK staff on this project since the freezing of accounts?

What happens to the retained staff wages, what about wages for employees that were hired after the freeze?

Will the liquidation be overseen by a 3rd party?

What is going to happen to OOG EBANK assets (website & infrastructure, operating procedures/knowledge, ...)?

Will there be any efforts to sell off these assets (for ISK) as part of the liquidation process?



1) - Working ISK and building value.

2) - Many months, loans also are part of this which took at least six months to really finalize, and some loans have literally only been paid back recently.

3) - From D-Day till the day Ray posted about final verification. The BOD literally talked about and approved liquidation that day.

4) - Man hours... Ray may be able to give you an idea on total slot usage, but here is an example. Over the last year, I installed at least 2,500 invention jobs, as part of those invention jobs I installed the copy jobs for them, my Manufacturing and science slots have never really seen any rest, about 90% of the jobs where installed at a POS which gets 25% speed bonus, and I have the 4% mfg speed bonus, I spent close to 2 hours a week in a freighter collecting delivery hangers, market activity consisted of mostly set and forget type orders. That is just me, Ray, AC and for a while Athre had multiple characters doing the same thing. Together we could have over 120 production slots and 100 science slots in use pretty consistently.

5) - No pay has been issued to any employee since the freeze. Retained wages where zeroed out at least six months ago.

6) - No.

7) - All assets are up for sale :) If someone wants to buy EBANK technology contact Ray about buying the tech. (Yeah I'm throwing him under the bus) :) If someone wants to buy the tech, then I would vote to sell it.

8) - It wasn't discussed, but really it is a secondary effect. The website will most likely expire and someone else can register the name etc. But now since you bring it up, sure if a buyer wants it, we should sell it.

Edit:- Adjusted invention jobs from 1,500 to 2,500 due to a typographical error.

Jamie Banks
Quantum Horizons
Posted - 2010.09.20 00:16:00 - [41]
 

Edited by: Jamie Banks on 20/09/2010 00:17:32
Shocked

Came expecting dissapointment.
Left with disbelief.

Edit: Until the ISK hits my account the later still stands.

Breaker77
Gallente
Reclamation Industries
Posted - 2010.09.20 00:17:00 - [42]
 

Originally by: EBANK SencneS
Together we could have over 120 production slots and 100 science slots in use pretty consistently.



Shocked

I'm not sure if I should congratulate your determination or cry.

Selene D'Celeste
Caldari
The D'Celeste Trading Company
ISK Six
Posted - 2010.09.20 00:45:00 - [43]
 

Originally by: Breaker77
Originally by: EBANK SencneS
Together we could have over 120 production slots and 100 science slots in use pretty consistently.



Shocked

I'm not sure if I should congratulate your determination or cry.



Either way I suggest a large amount of drinking be involved.

SencneS
Rebellion Against Big Irreversible Dinks
Posted - 2010.09.20 00:48:00 - [44]
 

Originally by: Breaker77
Originally by: EBANK SencneS
Together we could have over 120 production slots and 100 science slots in use pretty consistently.



Shocked

I'm not sure if I should congratulate your determination or cry.



That's a tad misleading, and I see that now, that's "Could" not "always" and since Athre's departure capacity was depleted.

At this point in time, we have 66 Manufacturing jobs running, 29 Science jobs running. Manufacturing is pretty consistent usage, Science jobs is pretty light at the moment. I would say when Athre was in, it was pretty consistent of between 80-90 production and at least 60 science jobs. Science jobs run by the others where almost always ME and PE research of BPOs which where put up for sale. When Athre left, she took 3 characters with her, I think... I'll have to confirm that, I know she had 2, but I can't remember if she had a 3rd. We had 120 Production lines at various arrays, clearly with 10 or 11 characters we didn't have 120 production jobs running.

Sorry about that, I was thinking production lines but realized we didn't have 12-13 characters in corp.

I'll take this opportunity to sell some stuff.
T2 Component BPOs, ME10, PE20 or better are up for sale.
Complete Sets of all 36 BPOs are 300mil a set. Individual BPOs are priced at 8.5mil each.

We have at least 5 complete sets to sell right now, an additional 5 sets are currently being cooked.

Breaker77
Gallente
Reclamation Industries
Posted - 2010.09.20 01:06:00 - [45]
 

Originally by: SencneS

That's a tad misleading, and I see that now, that's "Could" not "always" and since Athre's departure capacity was depleted.



Thanks for clarifying that. I can see that when Athre left, it would have hurt your available jobs.

I have maintained 90 science and 90 production jobs practically non-stop for well over a year. Which is part of the reason I wanted to cry. It seems you guys did put forth an effort, but perhaps more could have been done.

Then again I am winding down my invention business due to just not enough time with work right now, so I know how much you guys probably hated knowing that you have to log in to start jobs Sad

It's not much fun when your game time is more like a 2nd job Sad




Commander Godsmack
Posted - 2010.09.20 04:14:00 - [46]
 

I'll buy for 400,000.01 a share

Athre
Minmatar
The Higher Standard
Posted - 2010.09.20 04:54:00 - [47]
 

Originally by: SencneS
When Athre left, she took 3 characters with her, I think... I'll have to confirm that, I know she had 2, but I can't remember if she had a 3rd. We had 120 Production lines at various arrays, clearly with 10 or 11 characters we didn't have 120 production jobs running.


2 characters that could run a total of 21 Lab and 21 Production jobs concurrently.

I can not say for sure how many jobs were running at all times but when Ray put his <redacted> production orders out, there were times all were already running before I logged in. I thought that was 120 but I may be mistaken.

Steve Thomas
Minmatar
Sebiestor Tribe
Posted - 2010.09.20 05:25:00 - [48]
 

Originally by: Ray McCormack
This is the last official announcement from the EBANK Board of Directors....Why?
Because.
...
Last Word
Never, ever invest in a 'bank' again.

Twelve and a half percent!

hell you could probably name your toon twelve and a half percent and people will probably all but throw themselves out a spacelock wearing nothing but a greedy grin to give you money in this game. . .

Im guessing the real "why" is it stoped being fun.

cant blame you.

Twelveandahalf percent
Posted - 2010.09.20 05:39:00 - [49]
 

Step 1 Create Character, Step 3 Profit!

PERFECT PLAN!

Steve Thomas
Minmatar
Sebiestor Tribe
Posted - 2010.09.20 05:42:00 - [50]
 

I think I will save time and start loathing you now.

Dogius Meatius
Posted - 2010.09.20 05:48:00 - [51]
 

Originally by: SencneS


I'll take this opportunity to sell some stuff.
T2 Component BPOs, ME10, PE20 or better are up for sale.
Complete Sets of all 36 BPOs are 300mil a set. Individual BPOs are priced at 8.5mil each.

We have at least 5 complete sets to sell right now, an additional 5 sets are currently being cooked.


Can you provide set details? I'd be interested in a set. Please email me in game/offer a contract and reservation pending details.

Minerva Vulcan
Caldari
Ctrl Alt Elites
Posted - 2010.09.20 05:48:00 - [52]
 

Just waiting on a website password reset and I'll get all verified.

For all the people whining about "Well what about people who are inactive?" I say that there's responsibility on their part for some due diligence. I took some time away from the game, but since I've heard about Ricdic pulling the scam and all that, I've kept up with what's been going on every month or so, to see if I'd have any ISK when I came back. I'd think anyone half-interested in ever coming back would do the same if they had assets they planned on being there when/if they returned.

It couldn't have been easy, left to deal with the mess Ricdic caused. People will complain, but at the end of the day we all knew that like everything else in EVE, something can go awry. For those who've been working on getting this best sorted over the past year or so I say thanks for all the time and effort. It couldn't have been easy at any step of the way. Given the massive undertaking that people were left to clean up, I suspected it would come to this.

Vaerah Vahrokha
Minmatar
Vahrokh Consulting
Posted - 2010.09.20 06:59:00 - [53]
 

Had not a lot of time to follow the various forum stories.

When did Athre leave? Is it the reason why you are going to close?

For some reason I kinda hoped you'd not close down and would show you could survive even against the odds.

Filious Tacabus
Minmatar
Sebiestor Tribe
Posted - 2010.09.20 07:24:00 - [54]
 

Looks like the e-bank menu´s are gone.

Will it be posible to be able to transfer from one account to another?


Roguehalo
Caldari
Roguehalo Ship Brokers
Posted - 2010.09.20 07:59:00 - [55]
 

I think I have a mill or so in there somewhere. It's ok though you guys prolly need it more than me so you can keep it Smile

Samroski
Games Inc.
Posted - 2010.09.20 12:16:00 - [56]
 

Originally by: Ray McCormack
Originally by: 49473
I will purchase shares for 100k if you want your isk sooner than december.

Dividends will start sooner than December.


This seems strange. When dividends are paid off, the money is distributed automatically to all the shareholders iirc.

How can you start distribution before all the shares have been issued? How are you going to pay "dividend" to those shares issued after the first dividend?

Jovialmadness
Posted - 2010.09.20 13:20:00 - [57]
 

Originally by: Ray McCormack
This is the last official announcement from the EBANK Board of Directors.

Liquidation
EBANK is liquidating.

Why?
Because.

How?
Shares will be issued to verified account holders, one share per full one million ISK. Dividends will be issued as and when funds become available.

When?
Now. You have until the 1st of December 2010 to verify your account, after that no more shares will be issued and your balance will be forfeit.

Verification
If you have supplied us with your API or BLEEP key then your role in the process is done. The bank will review your account and issue shares if no warning flags are raised.

Last Word
Never, ever invest in a 'bank' again.



Rolling Eyes

Why didnt you just do this when i said to 8 months ago. Daddy jovial could have saved you and everyone else alot of pain.

Dirk Mortice
Posted - 2010.09.20 13:31:00 - [58]
 

NONONONONO, You're doing it wrong. You are supposed to steal the money!


Originally by: Jovialmadness

Rolling Eyes

Why didnt you just do this when i said to 8 months ago. Daddy jovial could have saved you and everyone else alot of pain.



Because they've been raising a semi-reasonable amount of isk to give back to everybody? Rolling Eyes

Mishkaii
Posted - 2010.09.20 13:41:00 - [59]
 

Originally by: Dirk Mortice
NONONONONO, You're doing it wrong. You are supposed to steal the money!





This.

Nobody makes trailers about the Merlin pilot that returned the money.

RAW23
Posted - 2010.09.20 13:53:00 - [60]
 

Originally by: Dirk Mortice

Because they've been raising a semi-reasonable amount of isk to give back to everybody? Rolling Eyes


Really? Do you think the amount they have raised over the last 12 months will balance out the 100s of billions that have been lost to those who have left the game in that period? It's possible, I guess, but it's very hard to be sure on the basis of their incomplete public accounts.


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