Market Discussions

How many shares are you looking to create at the 40 million value?

Happy New Year investors! Dividends have been paid.

December was another month, another record payout. This time over 1 million ISK per share, reaching 3.6% as monthly dividend.
Summed up payout for the month was 2.14 bn.


Only thing purchased this month was 600 corpses :)

I have pleasure in presenting the eighteenth monthly financial report for EVE Museum.

EVE Museum - December 2016 Financials

EVE Museum - Asset Register

Highlights for the month:

ISK Donations: 5b
Asset Donations: 160m
Asset Purchases: 300m
Artefact asset value: 239b
NAV at month end: 269b


As always, happy to answer any queries in respect of accounting policies and presentation. Cista2 will deal with any queries in respect of the operation of the museum and it's transactions.

Looking to buy any shares for 40m each.

Discussion of new share sale!

According to the museum rules of governance, shareholders must approve any new share sale.
I am going to be asking the permission of the shareholders to launch a third sale of 1000 shares, and at the same time increase the value of each share from 30 to 40 million ISK. This will be the third and possibly last share sale that the museum will make!

Background:
There are 10,000 museum shares altogether
1,000 shares were sold in July 2015, for a price of 20 mil ISK each.
1,000 shares were sold in December 2015, for a price of 30 mil ISK each
8,000 shares are still with the museum. The rules of governance stipulate that 5,000 can be sold.

You can discuss or criticise the proposal here in the coming days. Stating intentions to buy shares will also be helpful for the process. Later in the month a shareholder vote will come up that will last 7 days. The share sale will begin immediately after next dividends in start of March.
Anyone can post here, you don’t have to be a shareholder.
For any additional info and discussions, you can find me in the “EVE Museum” chat channel.

Points in favor:
a) We have had a player offer exactly 40 mil ISK for shares now, apparently not with much succes
b) The museum wants this share sale for increased publicity, and also because these 40 bn will help reach the stage of buying AT ships.
c) Current shareholders will see their shares jump in face value

Points against:
Problem: A higher share value will mean relatively smaller dividends per share.
Answer: That only affects new share buyers. The actual amount of ISK you get as dividends, will not be less.

Problem: Old shareholders will immediately sell back their shares for an easy profit. This can bring the museum to its knees.
Answer: there is currently more than 30 bn isk cash in the museum, and Cista2 has a good deal of money as well, so we can handle it. And I have waited more than a year with this share sale, until I could see that the perceived value of shares has in fact grown to 40 mil.

Problem: The public liabilities of Cista2/CistaCista will grow by 40 bn isk, plus in fact 20 bn more is added on the face value of old shares. Total public liability will thus double from 60 bn to de facto 120 bn isk. This is too much unsecured money.
Answer: no good answer here. You can see my full history of unsecured bonds since 2009 summed up in this document. I have received 373 bn unsecured ISK, and paid back 402 bn ISK so far. You decide.

Other news
As an aside, after this I have plans to let the museum start making its own money, in addition to the money that are donated to it. The museum would buy and trade certain slow-selling items, for example rare SKINs. The profits would become dividends directly. This would lead to a more transparent economy for the museum compared to now, where dividend size is mainly decided by how much money I donate each month from my other character Cista2. The museum would become much more like an actual company. More about this after the upcoming share selling vote.

im in, let me know when and where to send iskies

I'd be intested in buying some shares if the sale goes ahead.

I'm very interested in buying up some shares as well. Hopefully I can get in on this.

I would like to buy some shares. I have 15b available and I'm willing to pay a premium on current value which I understand to be about 40m per share.
Post offers here as I don't log on to the actual game very often these days.

No problems from my side with this, as anything that helps make the museum bigger is all good in my eyes.