Market Discussions

Hey MD !

loooong time lurker here !

I got my self a new job recently doing IT work which has the benefit of enough freedom on the work computers to have eve running, and enough time (most of the time atleast) to play around with the market and update those .01 isk orders !

I am a long time eve player, however I quit playing the game about 3 years ago since I didn't have much time for it anymore, growing up and all that and having more responsibilities then when I was back at school.

Now I feel the urge to get back to some eve and I´m trying out something that I have always loved, I used to dabble in trading before, but never did it enough to really make something off it.

Starting off with some station trading right now, and then later on I have some plans to set up some trade routes and maybe expanding the business of [NETCI], but right now, just getting back in and making some profits of the good old buying low selling high !

Your welcome to join my ingame channel: NETCI if you want to have a chat about my plans or the weather or just what ever, I am usually going to be on somewhere between 09:00 - 22:00 eve time, depending on my work schedule, I dont think I will be playing much eve outside of work, but who knows I might be on !

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North Eden Trading Company Inc. [NETCI] currently has available: 10.000 shares
(there are no plans at this time to increase that number)


Each share costs 1 million isk at this time, the price might go up at some point, I´m working out a system to calculate share value to profit ratio.

There is no time limit on the share sale, if you want shares you can just let me know in the thread, in the ingame channel, contact me ingame or send me an eve-mail !

The deal is isk first, I will send you your shares as soon as I am able to ingame !

The plan with the shares is to payout 50% of all trading profit to the shareholders each weekend (time of payout may vary due to real life, but will try to keep it to either Saturday or Sunday) calculated from payout to payout(share sales do not count as profit), I will try to put out some sort of a report either monthly or weekly. I will send an eve-mail with a quick summary each week once shares are paid out.

Profits at the moment are greatly depended on how active I am able to be, and may vary week to week, I am currently trading 2 - 4 low profit, high movement items and 1 - 2 high profit, low movement items that are reasonably low risk (stable market graph), the plan is to expand to being able to roll a lot more items at a time and being able to take more risks on the market once I know it well enough

The plan is to eventually offer a buyback of the shares.

Once you buy shares I will offer a buyback at 65% of the value that the shares are worth when you make your buyback request, and with atleast a 48 hour notice, I might need to liquidate isk for the transaction.

Risk factor reduction:
If I at some point decide to "get out" due to what ever reason, this might be getting bored and quit playing, or wanting to explore other parts of eve then trading at some point.
I will liquidate all isk and then offer 100% of the current balance back, any shares that are still owned by the corp will go back in my wallet.
Obviously the plan is for this to never happen, but it is some insurance that I wont just one day suddenly stop paying dividends.


I am not expecting a lot of share sales at the moment, but I wanted to get the ball rolling anyway, I realize this character is a few days old, and I have no proof of what I´m doing etc etc... But I´m happy to try to answer any questions you might have and I will be happy to take any advice you might have !

And I hope I am able to proof what I´m doing with time and get more interested investors !

Thank you !

-Chorus Ambrye

So why do go you for an IPO instead of a loan?
do you like unhappy investors?
do you enjoy burnout?
lolRP?


If the only thing you have to sell is the hope for a glorious future then you should at least tell us how your business is going to keep growing exponentially over the next 3 years and will turn all of your investors into trillionaires ... make it glossy with many graphs.

Thank you for the concerns, I´m happy that we can get some discussion going, I was wondering why MD wasn't ripping me to pieces yet !

I´m going for an IPO for two reasons,
number one is that I am making long term plans and I want to grow the corporation over time, I´m not looking for a quick cash inject to start some highly lucrative business, I am entirely transparent on what my future plans are.

the second reason is that I want to build an image and reputation over time for the corporation, so rather then coming onto the forums with a few day old character begging for a loan I figgured a good starting point would be to offer shares in my corporation under a model I am able to keep up with.

I hope people that choose to invest understand the risks involved and are understanding of what I´m trying to do, hopefully I´m able to provide profits for the investors eventually.

Burnout is a risk, but I´m doing trading while I´m working, I find it a lot more fun then playing a flash games or watching movies, but I would like to note the "exit plan" incase I will quit:





to reply to your other post then yes the current value of the corporation is 550 mill isk, hopefully this number will go up and with it interest in shares :)

invest at your own risk, you can wait and see how things go, if I will still be around in a few weeks or months, I´m not expecting the shares to be sold out in the first week, this is a long term plan for me.

lol :P

Sounds like EIB all over again lol


http://news.softpedia.com/news/Eve-Online-Economy-Suffers-700-billion-ISK-Scam-33737.shtml


not to mention with PLEX inflation over the years, that amount would have been nearly sextupled if they held on to the plex until now

( almost 6 times increase lol)

700 Billion in 2006 = 4200 billion or 4.2 TRILLION isk


GOOD FREAKING LORD


Not saying this guy is scamming,

BUT if you can get a history going,

like keeping track of the items you buy and for how much, how long you held them for, then how much you sold them for, etc.

Talking about my fellow Corp mates and our market ventures

I see your point, and it is a good one,
This was what I planned to do, maybe I was not clear enough in the thread, but the plan is to keep on going, give weekly or monthly updates on the progress so far.

I´m not expecting share sales at the moment, if someone wants to get in on it early, great, but to be honest I wouldn't put my isk towards my self at this point.

The IPO is available right now if someone wants to take the risk and be a founder, but I would strongly advice as you said to wait for at least a few reports to see if I can actually make any profits at all, and to see how things are going.

I´m not in a rush for a quick buck, I wanted to make the IPO available right away to get my foot in the door and have a reason to be posting here, and maybe someone crazy would invest some money, otherwise I know I can get share sales with time with proof of what I´m actually making.

Thank you for the response Andres, I hope you see where I´m coming from.

First week's profit report is available now, check it out here:

[NETCI] Week 1 profit report

Invested 200m in this new start up. Will see how it goes over the next couple of months.