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Player Features and Ideas Discussion

 
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Share Dealing and Alliance / Corporation Bills

Author
Navarre Fuego
Gaston Mining and INdustrial
#1 - 2011-09-18 10:41:04 UTC
I probably posted this thread in the wrong place.
It raises the idea of Share trading (either via Contracts or some share-specific mechanism, as well as introducing automated billing to Alliances (for corps) and corps (for corp members) in such a way as to effectively manage credit.

The OP is as follows :-
Navarre Fuego wrote:

In my view there are a number of things in the Corporate space which are being completely overlooked.

  • How many of us issue and use shares properly?
  • I have a few shareholders (some of which are on inactive accounts) and because there is no way of transferring shares short of "giving" them, I have found it difficult to ask for the shares to be returned, whether for a fee or not. I understand that there is little mechanic for establishing the value of a corporation and therefore the value of the shares, but to be able to say to people who have left the corp "I'll offer you {amount} ISK per share" I would need to have a way of honouring that trade without one party taking it as an element of faith that the cash will follow once the shares have been transferred. At present the shares can't be contracted or sold on the market. Perhaps if there were more ways of transferring shares, they would be used more by people to issue dividends, enforce votes, and raise capital, in the same way that the current shares market works IRL.
    Perhaps this would give rise to a mini-profession related to the trader, that of share trading.

  • Why can't alliances make bills for corporations?
  • it's VERY common practice among alliances (especially in Losec) to bill corporations for membership of an alliance. Often this is on the basis of how much resource they are consuming (e.g. how many towers they have up), which is subject to change.
    What would be REALLY useful is a way of setting up bills through the existing billing mechanism for Offices, providing Alliances with a way of automatically issuing bills to corporations for use of their services. The alternate mechanism is a time-consuming one where people have to chase other people by email for payment of these bills.
    This could also be extended to setting up fixed-time bills to corp members in return for products (e.g. I will give you this Hulk, but I will set up 10 monthly bills of 10mil each in return) - I don't propose that the "title" issues similar to those in place for the UK Consumer Credit act (1974) (which would mean that upon default the traded product returns to the owner) be enforced, merely that the billing structure would be able to be set up through the interface by a person of appropriate role (e.g. Director).

  • Why doesn't the same mechanism for voting in Corporations exist for Alliances?
  • If Alliances had shares as well, it would be possible for voting to occur in Alliances in the same way as it works in Corporations. This would allow for a more democratic mechanism for decision-making in Alliances, should that be required. It would also allow for share trading and dividend, perhaps as a result of profit from the alliances billing. I suspect that this might have to be accompanied by the creation of wallets for alliances which might be a step too far. Executor Corporations, however, could act as the holding wallet for the alliance share dividend and billing functions instead of extending wallet functions to alliances, if this is not practical for implementation.
    GizzyBoy
    I N E X T R E M I S
    Tactical Narcotics Team
    #2 - 2011-09-18 11:18:54 UTC
    yes.

    id like to be able to bill a member corporation.

    items and titles while workable isn't the best idea. as you may give some one a hulk and at 10 mill a month, the hulk may die in hulkamageddon. or the player might just stop playing after 3 months.

    but it might let an alliance dish out ships for free, but get the insurance on there there destruction.

    Navarre Fuego
    Gaston Mining and INdustrial
    #3 - 2011-09-18 11:37:48 UTC
    GizzyBoy wrote:

    items and titles while workable isn't the best idea. as you may give some one a hulk and at 10 mill a month, the hulk may die in hulkamageddon. or the player might just stop playing after 3 months.

    I'd say that there should be a mechanic for cancelling a bill (by the issuing authority) to overcome the issues you mention. However if the player stops playing after 3 months but still has the funds in their account to cover it (somehow) then the bills should continue, alternatively the bills would suspend until their account is reactivated.
    The issue of corporation insurance payout paying off a bill is an interesting one, which I would propose being enforced by the issuing authority., on receipt of the insurance payout (i.e. once they have the payout they cancel the bill)
    The issue of Defaulting and what happens to products issued on this basis is a thorny one and I suspect it would be difficult if not impossible to return the goods to the issuing authority upon default รก la UK Consumer Credit Act 1974. I'd say that any such bills, once accepted, would land in your automatically paid bills area and would not be able to be changed or cancelled by the recipient.
    Navarre Fuego
    Gaston Mining and INdustrial
    #4 - 2011-09-19 16:21:12 UTC  |  Edited by: Navarre Fuego
    I'm starting to wish I'd posted 3 separate topics now. it seems that my explanation of a moderately complex set of concepts is beyond the wit of many of the Twitter generation to digest (see linked topic). Hopefully there are intelligent and articulate CEOs and Alliance Leaders out there capable of comment, although perhaps these people are too busy being clever to read fora What?