Market Discussions

Investors will be kept up to date on the project via this blog: http://fireflycapitalventures.blogspot.co.uk/

All buying and selling of FCV shares must be done through me and me alone.
Do otherwise at your own risk.




Original Post:

Dear MD,

This past week I stepped down as CEO of my old corp (Fusion Enterprises Ltd of MH, MM and NCdot).

I will be focusing this summer on a 6 month industry project and looking for a few final investors who are looking to get some nice returns on unused ISK they have.

A full business plan for my project can be found here

In addition, Vaerah Vahrokha has done an audit which he will post in this thread shortly.

But the tldr is:

- I am raising cash to invest in my industrial/trading alt corps
- I am selling 100 shares at 1bill each this May
- In October I will buy those shares back from investors plus profit

I invite any pilots who have flown with me in MH, MM, NC. etc, or anyone who has known me in game and found me to be a trust-worthy fellow, to get in touch.

This is Phase 2 of the share sales schedule. Phase 1 has seen over 50% of the shares sold, and more reserved, so I expect this IPO to sell out shortly.

Investors will be kept up to date on the project via this blog: http://fireflycapitalventures.blogspot.co.uk/

If interested, do read the above business plan, and if you still have any questions, feel free to convo me, mail me or post in this thread.

Thanks, Cheeba Don

Net Asset Value and other balance considerations

The estimated net worth of all liabilities, solid & liquid assets is about 319.539B ISK.
Market transactions are made either by the Investee character or another corporate character.
Assets across all of the characters and corporations are estimated to be worth 276.383B.

Important notice: the reported values may be lower than the real amounts, because certain assets in certain conditions are not reported by the API.

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Assets and balance

Balance

Wallet balance: 30.251B
Market sell-orders: 12.681B
Market escrow: 0.224B
Contracts: 0.000B
Investments / receivable: 0.000B
Liabilities / payable: (0.000) B
Total: 43.156

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Assets

POS: 8.115B
Fleet / ships (unfitted): 4.753B
Modules: 3.298B
Misc. solid assets; minerals, salvage, ice and trade goods etc.: 76.174B
Blueprint copies and originals: 172.195B


Other

Accessories (includes PLEXes): 0.000B
Charges: 0.097B
Commodities: 6.415B
Drones: 0.447B
Ordered assets under construction: 0.000B
Planetary items or resources: 3.522B
Ship components: 0.000B
General or classified items: 1.367B
Total: 276.383

Estimated grand total: 319.539 Billion ISK

The above evaluations were made by using The Forge prices as reference.

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Conclusions

Due to the lack of performance data, lack of collateral and large size of the investment, the Auditor classifies this investment as high risk.

Please notice how “high risk” does not mean “unsafe”. It’s two different concepts. Talking about high risk of bad performance, risk of real life complications etc. is one thing, the ever present chance of scam is another. The latter cannot be prevented by an audit, which only acts as first line deterrent.

Indy Corp Alpha as a whole seems competent (skills wise and player wise) enough to deliver on their statements and have past positive records. Their business is in a growth phase.

Basically, the Investee looks like having the ability to successfully honor the IPO. Notice how an audit may only evaluate the ability or potential of an Investee to succesfully honor a bond / IPO.
The Auditor suggests perspective Investors NOT to invest their full capital on this venture but to offer what they could eventually afford to lose.


Disclaimers

Due to stringent EvE API limitations, although the information provided to you on this document is obtained or compiled from sources believed to be reliable, Vahrokh Consulting cannot and does not guarantee the accuracy, validity, timeliness, or completeness of any information or data made available to you for any particular purpose.
This Auditor is actively and passionately against any breach of privacy, in particular regarding in game mail API access. Therefore no information will ever be gathered and no audit will ever be released that will contain any element found by eavesdropping someone else's private communications.
Neither the information nor any opinion contained in this document constitutes a solicitation or offer by Vahrokh Consulting or its affiliates to buy or sell any securities, assets or services.

Predicting people's intentions is difficult - do you have any direct evidence?

no. no he doesn't.

i think you might be right. with how much asset he is holding, he must at least be able to provide 50-60% of the 100b in collateral

The share sale is over.

For those who missed out but are interested, please send me a mail expressing your interest and if one of the current investors wants to cash out early, we can organise the sale of shares over to the new investee.

Good job!

Month 2 Profit Report

Investors should be pleased.

The short story - I raised just under 70b.

The slightly longer story about why I didn't keep going to 100b.

As with these projects - during fundraising a lot of people pledge money, but when you come round to collect not all of them actually have it on hand. Indeed one investor gave me money then promptly asked for it back.

Why I didn't keep going to 100b - to quote that blog post:




Simply put 100b was more than enough to do what I wanted and it sounded nice :) However, to get the reaction towers and manufacturing underway - only ~60b was actually needed. The remainder has been used in trading.

In addition - in my original business plan, I wasnt putting any isk into the project (apart from assets etc) and was intending to make ISK for myself by taking a % of the profits. What I ended up doing was selling 67 shares, and then buying 13 myself to bring the total starting wallet to 80b.

Needless to say, the business plan has evolved.

Finally, no investors have posted in this thread as the vast majority of them came from FHC, and many failheapers have a superiority complex about the eve-o forums :) You can visit the fhc thread here.