Posted - 2011.09.04 15:41:00 - [1]

 

Edited by: Katiana Swan on 04/09/2011 15:45:35
Hello all,

I started my second public offering in December 2009. Real life took over and unfortunately my Eve time went to zero from around Jan 2010 to Present.

The account was subscribed but unused for some 4 months. I apologize to all of my investors for this extremely long delay.

Here was my original offering:

http://www.eveonline.com/ingameboard.asp?a=topic&threadID=1232829


Anyway, my brother in law got back into Eve and convinced me to come back. On return I realized where I had left off. Interestingly I had left with a decent set of orders on 'arbalest cruise/heavy/siege launchers and on my return I was pleased to see they had doubled in value.

The suitably named expansion short for "Better Late Than Never" is more of an expansion of my life to include some Eve time. I have no intention of taking any more funds from my investors but I do intend on getting them at the absolute least back to even and then some.

At the start of the week I tried my hand at mission running and realised how lacking my skills were (attempted level 4's). After the loss of an apoc and a battlecruiser I decided to stick with what I seem quite good at, which is trading. During my time offline a pile of t2 ship buy orders had been filled at quite good margins so I decided to invest in an Obelisk to ferry the goods back into Jita for sale.

At this point I have a fair bit of work ahead of me.I first need to get back to my initial NAV of 3b (or 1.8b if not counting the value of Shima Kai (purchased char for IPO)).

Breakdown of current financial standing as of right now:

NAV
Shima Kai - 1,200m
Sellable Assets Katiana - 90m
Sellable Assets Shima - 5m
Cash Corporation - 240m
Obelisk Shima - 797m
Sell Orders Katiana - 31m
Sell Orders Shima - 145m
Corporate Assets - 6m

Total Corporate NAV - 2514m



I am disappointed that I am 500m in the hole and not entirely sure where this deficit has occured. When I came back into Eve at the start of the week I did dabble in planets before realising how unprofitable they were. As above, I also lost a couple of ships in missions. I put some cash into poker to try and turn a quick profit but came out around even or just under. I also had some losses on some of my older trades and some ships/items purchased out in lowsec that needed to be sold lower than market average.

When I returned to Eve at the start of this week I figured I would mess around for a month and then probably throw in the towel however I think my passion has returned for the game so I will give it a second chance.

From this point on I will get back into accurate reporting and careful tracking of funds and move NAV back to 3b where it belongs.

Every fortnight I will post my current Net Asset Value. Once I have reached the 3b on the following fortnight I will pay dividends on anything beyond 3b. If I do feel like throwing it in I will post here for someone to take over the corporation. If this fails to produce results I will contract everything across to my largest investor "Paris Rothschild".

I apologize once more for any hardship or frustration I may have caused any of my investors. It was never my intention to defraud anyone and I have no future intention of expansion in a financial sense.

Comments?